N@N

Axis MF launches a new Momentum Fund: Key features of the scheme explained

Axis Mutual Fund has launched a new Momentum Fund, which is an open-ended equity scheme designed to invest in stocks exhibiting strong momentum characteristics. This fund aims to capitalize on the momentum anomaly in stock prices, where stocks that have performed well in the past are expected to continue doing so in the short to medium term. The key features of the scheme include a diversified portfolio across various market caps, with a focus on stocks that show positive momentum signals based on quantitative models. The fund will employ a systematic approach to stock selection, using momentum indicators like price trends, earnings revisions, and other technical factors. It also offers flexibility in terms of investment, allowing investors to enter or exit at any time, with no lock-in period. The fund is suitable for investors looking for potentially higher returns through a momentum-based strategy, although it comes with the inherent risks associated with equity investments, particularly those focused on momentum which can be volatile.

Read the Full Business Standard Article at [ https://www.business-standard.com/finance/personal-finance/axis-mf-launches-a-new-momentum-fund-key-features-of-the-scheme-explained-124112501309_1.html ]