Axis Momentum Fund
Axis Momentum Fund is heavily concentrated in quality cyclicals and defensive plays, with nearly 32% locked in its top five holdings dominated by defense, banking, and commodities. The substantial cash buffer and dramatic portfolio churn—adding 28 positions including energy and metals names while trimming telecom—suggests the manager is pivoting aggressively toward commodity-linked and PSU momentum, betting on inflation resilience and fiscal spending. The sharp reduction in Bharti Airtel paired with fresh bets on Coal India and ONGC signals conviction in the energy cycle at the expense of growth tech.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.0000 | — | — | — | — |
| Regular Growth | ₹8.8000 | -2.22% | -1.79% | — | — |
| Direct IDCW | ₹9.0000 | — | — | — | — |
| Regular IDCW | ₹8.8000 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Coal India Limited | 4.67% |
| Oil & Natural Gas Corporation Limited | 2.52% |
| Reliance Industries Limited | 2.51% |
| JSW Steel Limited | 2.39% |
| Power Grid Corporation of India Limited | 2.37% |
| Siemens Limited | 2.35% |
| Ambuja Cements Limited | 2.31% |
| HDFC Life Insurance Company Limited | 2.31% |
| Indian Oil Corporation Limited | 2.31% |
| Bajaj Finserv Limited | 2.27% |
| Bank of Baroda | 2.23% |
| Tech Mahindra Limited | 2.14% |
| Tata Consultancy Services Limited | 2.03% |
| Infosys Limited | 1.99% |
| Wipro Limited | 1.98% |
| Dr. Reddy's Laboratories Limited | 1.97% |
| HCL Technologies Limited | 1.96% |
| Tata Motors Passenger Vehicles Limited | 1.92% |
| Trent Limited | 1.90% |
| Max Healthcare Institute Limited | 1.21% |
| ICICI Lombard General Insurance Company Limited | 1.19% |
| Apollo Hospitals Enterprise Limited | 1.14% |
| ICICI Bank Limited | 1.07% |
| Malco Energy Limited | 0.02% |
| Talwandi Sabo Power Limited | 0.02% |
| Vedanta Iron And Steel Limited | 0.02% |
| Vedanta Aluminium Metal Limited | 0.02% |
| NIFTY 24000 Call May 2026 Option | 0.13% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharat Electronics Limited INE263A01024 | 9.22% |
| 2 | HDFC Bank Limited INE040A01034 | 7.80% |
| 3 | Clearing Corporation of India Ltd | 5.23% |
| 4 | Net Receivables / (Payables) | 4.76% |
| 5 | Coal India Limited INE522F01014 | 4.67% |
| 6 | Hindalco Industries Limited INE038A01020 | 4.35% |
| 7 | Oil & Natural Gas Corporation Limited INE213A01029 | 2.52% |
| 8 | Reliance Industries Limited INE002A01018 | 2.51% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.40% |
| 10 | JSW Steel Limited INE019A01038 | 2.39% |
| 11 | Power Grid Corporation of India Limited INE752E01010 | 2.37% |
| 12 | Siemens Limited INE003A01024 | 2.35% |
| 13 | Indian Oil Corporation Limited INE242A01010 | 2.31% |
| 14 | Ambuja Cements Limited INE079A01024 | 2.31% |
| 15 | HDFC Life Insurance Company Limited INE795G01014 | 2.31% |
| 16 | Bajaj Finserv Limited INE918I01026 | 2.27% |
| 17 | Bank of Baroda INE028A01039 | 2.23% |
| 18 | Tech Mahindra Limited INE669C01036 | 2.14% |
| 19 | Hindustan Unilever Limited May 2026 Future | 2.12%(der) |
| 20 | State Bank of India INE062A01020 | 2.09% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Momentum Fund hold?
Axis Momentum Fund holds 69 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.27% of NAV.
What is the largest holding in Axis Momentum Fund?
The largest position in Axis Momentum Fund is Bharat Electronics Limited, accounting for 9.22% of NAV in the Aerospace & Defense sector.
Is Axis Momentum Fund a concentrated or diversified fund?
With a Gini coefficient of 0.615, Axis Momentum Fund is moderately concentrated. The HHI concentration index is 32,460 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.27% of the portfolio.
What is the market cap allocation of Axis Momentum Fund?
Based on SEBI's AMFI classification, Axis Momentum Fund's equity portfolio is split as: Large Cap: 79.86%, Mid Cap: 3.69%, Small Cap: 0.55%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Momentum Fund invest in most?
Axis Momentum Fund has the highest allocation to Banks (13.73%), IT - Software (10.16%), Aerospace & Defense (9.22%). The fund is invested across 30 sectors in total.
How actively managed is Axis Momentum Fund compared to other Sectoral / Thematic funds?
Axis Momentum Fund has an Active Share of 67.00%, classifying it as "Active Stock Picker" among 237 Sectoral / Thematic peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Momentum Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Momentum Fund added 28 new stocks (including Coal India Limited) and exited 1 stock (including Sagility Limited). Total holding count increased from 43 to 70 stocks.