Fundalysisby DARKHORSESTOCKS

Scheme

Axis Momentum Fund

Holds 42 companies worth ₹757 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹847 CrAxis Momentum Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.8% on Aug 2026, ₹918 Cr.

  • Largest holding

    Ratnakar Bank LimitedRatnakar Bank Limited is 5.1% of this scheme's NAV.

  • Fund manager

    Nandik MalikRuns it since 6 Mar 2026, as the fund house dates it.

Overview(6 Oct 2026)

Fund managers1

  1. Nandik MalikFund manager · Mar 2026 · 20y · PGDM B.Tech
  1. Karthik KumarDec 2024 – Sept 2026
  2. Mayank HyankiDec 2024 – May 2026

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
Regular 3.65% · Direct 2.21%
Exit load
10% within 12 months
Started
12 Dec 2024
Minimum
₹100

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed(24 changes)

Oct 2026

1 change
  1. Expense ratio
    5 OctRegular 3.83% → 3.65%Direct 2.39% → 2.21%

Sept 2026

3 changes
  2. Karthik Kumar left
    10 Septran it as co-manager from Dec 2024

May 2026

3 changes
  1. Nandik Malik joined
    17 Mayas fund manager
  2. Mayank Hyanki left
    17 Mayran it as co-manager from Dec 2024
  3. Expense ratio
    17 MayRegular 2.2% → 2.23%Direct 0.79% → 0.81%

Source.Its filings at NSE, since Dec 2024.

Fund managers over time(Dec 2024 – now)

  1. Nandik Malik
  2. Karthik Kumar
  3. Mayank Hyanki
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Dec 2024 – Oct 2026)

Every change to the expense ratio, newest first.
22 changesRegularDirectΔ pt
5 Oct 20263.65%2.21%0.18
22 Sept 20263.83%2.39%0.01
10 Sept 20263.81%2.38%1.57
17 May 20262.23%0.81%0.02
24 Feb 20262.20%0.79%0.16
18 Jan 20262.16%0.63%0.02
17 Dec 20252.14%0.61%0.01
24 Nov 20252.13%0.60%0.05
13 Nov 20252.11%0.55%0.01
26 Sept 20252.12%0.56%0.03
23 Jun 20252.10%0.53%0.03
4 Jun 20252.10%0.50%0
7 May 20252.11%0.50%0.01
16 Apr 20252.12%0.51%0.01
9 Apr 20252.13%0.52%0.02
25 Mar 20252.12%0.50%0.02
6 Mar 20252.14%0.52%0.01
25 Feb 20252.13%0.51%0.01
10 Feb 20252.11%0.50%0.01
29 Jan 20252.12%0.51%0.04
16 Jan 20252.09%0.47%0.02
30 Dec 20242.07%0.45%–
Direct plan, 5 Oct 2026
2.21%
Regular plan 3.65% · Exit load 10% within 12 months
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Oct 2026)

Objective

The Scheme aims to provide long-term capital growth from an actively managed diversified portfolio of equity & equity-related securities of companies that exhibit strong momentum. The selection of securities will be based on a quantitative model that will aim to maximize momentum exposure based on various parameters. There is no assurance that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended equity scheme investing in the momentum theme.
Benchmark
Nifty 500 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments of companies selected based on momentum theme
    Allowed80–100%
  2. Other Equity and Equity related instruments
    Allowed0–20%
  3. Debt & Money Market Instruments
    Allowed0–20%Holds10.0%
  4. Units issued by InVITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.90.0% equity · 10.0% debt and cash

How to invest(6 Oct 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Systematic
SIP - Daily/Weekly/Monthly/Yearly SWP - Weekly/Monthly/Quarterly/Halfyearly/Yearly STP - Daily/Weekly/Fortnightly/Monthly/Quarterly
Dates
SIP - Except 29,30 and 31 all dates. SWP - Weekly - Any Business Day/ Rest - 1, 5, 10, 15 and 25. STP - Daily/Weekly - Monday to Friday. Fortnightly - alternate Wednesday. Monthly/Quarterly - 1,7,10,15 and 25
Minimum
SIP - Daily/Weekly - 100, Monthly - 500 and Yearly 6000. SWP - Weekly/Monthly/Quarterly/Halfyearly/Yearly - 1000. STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000., then in multiples of ₹1
Instalments
SIP - Daily/Weekly/Monthly - 6. Yearly -3. SWP - Weekly - 5/Monthly - 6. Quarterly/ Halfyearly - 4. Yearly - 2. STP - Daily/Weekly/Fortnightly/Monthly - 6. Quarterly -2.

Selling and switching

Scheme details(6 Oct 2026)

What it is

Category
Thematic
Offer
22 Nov 2024 to 6 Dec 2024
Started
12 Dec 2024
Reopened
18 Dec 2024
Plans
Direct IDCW · Direct Growth · Regular IDCW · Regular Growth
Face value
₹10
Listed
Unlisted

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
DEUTSCHE BANK AG
Auditor
B S R & Co. LLP
Registrar
Kfintech Ltd
SEBI code
AXIS/O/E/THE/24/09/0092