Axis Momentum Fund
Direct · GrowthAI Summary
The Axis Momentum Fund has delivered a 1-year XIRR of 0.74%, which is significantly below the category average of 14.1% and underperforms the NIFTY 50 benchmark on a CAGR basis (-0.32% vs -2.9% over 1 year). Over longer horizons, the fund's CAGR remains negative while the benchmark has been slightly positive, indicating persistent underperformance.
The fund exhibits high volatility with a beta of 1.08 relative to the NIFTY 50, and its maximum drawdown of -21.5% with a recovery period of over 61 days highlights significant downside risk. The Calmar ratio of 0.09 over 1 year indicates poor risk-adjusted returns, and the fund has experienced one drawdown event exceeding 10%.
The portfolio is concentrated in 43 holdings with top 10 positions accounting for about 32.6% of NAV, led by Bharat Electronics (5.69%) and Coal India (4.64%). Sector-wise, Banks (7.5%), Petroleum Products (6.4%), and Insurance (6.0%) are the largest exposures, showing a tilt towards financials and energy but with moderate diversification across sectors.
The fund's 1-year XIRR of 0.74% is drastically lower than the category average of 14.1%, placing it in the bottom quartile of its peer group. Its negative alpha over 3-10 year periods (ranging from -2.03% to -0.24%) indicates consistent underperformance relative to the benchmark, though upside capture is slightly above 100%.
This fund is suitable only for investors with a very high risk tolerance and a long-term horizon (10+ years) who can withstand significant drawdowns and prolonged underperformance. It is not appropriate for conservative investors or those seeking steady returns, given its negative returns in recent calendar years and poor risk-adjusted metrics.
- Upside capture ratio of 100.99% over 1 year indicates the fund participates fully in market upswings.
- Downside capture of 96.67% over 1 year shows slightly better downside protection than the benchmark in the short term.
- Diversified across 43 holdings with no single stock exceeding 6% of NAV, reducing idiosyncratic risk.
- Significant underperformance versus category average (0.74% vs 14.1% 1Y XIRR) and negative alpha over most periods.
- High volatility (beta >1) and a maximum drawdown of -21.5% with no recovery yet, indicating elevated downside risk.
Generated on 29-08-2026, 2:54 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.01 L | 0.7% | -23.4% | 15.3% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 0.7% | 14.4% | 14.1% | -13.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 2.0% | 0.7% | -7.1% | 16.9% | -0.74 | -0.64 | 53% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.02 | 1.05 | 101.0% | 96.7% | -0.3% | -2.9% |
| 3 Years | -2.03 | 1.08 | 102.7% | 107.6% | -2.3% | 0.3% |
| 5 Years | -1.01 | 1.08 | 102.7% | 107.6% | -1.4% | 0.2% |
| 7 Years | -0.58 | 1.08 | 102.7% | 107.6% | -1.0% | 0.1% |
| 10 Years | -0.24 | 1.08 | 102.7% | 107.6% | -0.7% | 0.1% |
| 12 Years | -0.12 | 1.08 | 102.7% | 107.6% | -0.6% | 0.1% |
| 15 Years | +0.01 | 1.08 | 102.7% | 107.6% | -0.5% | 0.1% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharat Electronics Limited | 5.69% |
| 2 | Coal India Limited | 4.64% |
| 3 | Bajaj Finserv Limited | 3.37% |
| 4 | Tata Consumer Products Limited | 2.99% |
| 5 | Power Grid Corporation of India Limited | 2.95% |
| 6 | State Bank of India | 2.80% |
| 7 | Maruti Suzuki India Limited | 2.61% |
| 8 | Oil & Natural Gas Corporation Limited | 2.55% |
| 9 | Tata Steel Limited | 2.52% |
| 10 | HDFC Life Insurance Company Limited | 2.45% |