Axis Mutual Fund Introduces ‘Axis Nifty500 Momentum 50 Index Fund’
Varahi media.com online news, Mumbai, January 24th, 2025: Axis Mutual Fund, a leading name in India’s mutual fund industry, has announced the launch of the Axis Nifty500 Momentum 50

Varahi media.com online news, Mumbai, January 24th, 2025: Axis Mutual Fund, a leading name in India’s mutual fund industry, has announced the launch of the Axis Nifty500 Momentum 50 Index Fund, an open-ended index fund that tracks the Nifty500 Momentum 50 TRI.
The New Fund Offer (NFO) will be available from January 24 to February 7, 2025. This fund is benchmarked against the NIFTY500 Momentum 50 TRI and aims to provide investors with a cost-effective way to tap into momentum-driven stocks.
The fund seeks to generate returns (before expenses) in line with the performance of the Nifty500 Momentum 50 TRI, subject to tracking error. However, it does not guarantee achieving the investment objective.

- Momentum Investing: This strategy focuses on capitalizing on the continuation of existing price trends. Stocks demonstrating strong momentum based on their performance over the past 6 to 12 months, adjusted for volatility, are included.
- Diverse Stock Selection: The Nifty500 Momentum 50 Index selects top 50 stocks across large, mid, and small-cap segments, eliminating the need for investors to adopt separate momentum strategies.
- Simplified Approach: Investors can benefit from market trends without the complexity of stock picking.
The fund is designed for investors seeking exposure to high-performing stocks with a momentum-driven strategy. This approach has historically proven effective in India and global markets, making it a valuable addition to an investment portfolio.
Mr. B Gopkumar, MD & CEO of Axis Mutual Fund, expressed enthusiasm about the launch, stating:
“With passive investing gaining traction, the Axis Nifty500 Momentum 50 Index Fund provides an innovative solution to capitalize on momentum stocks. This fund offers low costs, broad diversification, and a disciplined strategy, making it an ideal choice for investors.”

Mr. Ashish Gupta, CIO of Axis Mutual Fund, emphasized the fund’s potential:
“The Nifty500 Momentum 50 Index has consistently identified growth-oriented stocks, often outperforming broader indices. This fund leverages momentum investing to deliver sustainable long-term returns, offering a simplified yet effective strategy for wealth creation.”
- Trend Following: Focuses on stocks showing upward price trends across market caps.
- Behavioral Insights: Capitalizes on market inefficiencies created by investor biases.
- Portfolio Complement: Integrates seamlessly with other strategies to enhance overall performance.
- Cost Efficiency: A passively managed fund with lower expense ratios.
Fund Details
- Fund Managers: Mr. Karthik Kumar (Equity Fund Manager) and Mr. Sachin Relekar (Senior Equity Fund Manager).
- Minimum Investment: ₹100 (and in multiples of ₹1 thereafter).
For more information, including the Scheme Information Document (SID) and Key Information Memorandum (KIM), visit www.axismf.com.
The Axis Nifty500 Momentum 50 Index Fund offers a unique opportunity for investors to participate in India’s dynamic markets through a disciplined, momentum-driven strategy.