HealthyDirect · GrowthFit for a long SIP
Axis Nifty500 Momentum 50 Index Fund
Axis Mutual FundIndex Funds - Equity Funds1.7 years
The scheme seeks to provide returns before expenses that correspond to the Nifty500 Momentum 50 TRI subject to tracking errors.
- NAV
- 10.6562
- 30 Oct 2026
- 1Y
- -4.1%
- Trailing CAGR
- AUM
- ₹175.36 Cr
- 30 Sept 2026
- Volatility
- High
- 18.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Buy checklist
History depth
Fail
1.7 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.58% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -17.0%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Nandik Mallik · 0.7 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 45.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 17%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.1%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+5.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-2.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +5.8%
- Calendar-day CAGR
- Excess 1Y
- +2.1%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -17.0%
- Worst peak-to-trough
- Current
- -8.0%
- Below last peak
- Current spell
- 63 days
- Days below latest peak
- Time below peak
- +94%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 26 days
- 8 recovered episodes
- Longest recovery
- 142 days
- Trough to prior peak
26 Jun 2025 – 12 Aug 2026
Trough 23 Mar 2026 · recovered in 142 days
-17.0%
28 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-12.6%
24 Mar 2025 – 21 Apr 2025
Trough 7 Apr 2025 · recovered in 14 days
-8.7%
20 Feb 2025 – 24 Mar 2025
Trough 13 Mar 2025 · recovered in 11 days
-7.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
13
Vs category
63
Consistency
41
Risk-adjusted
29
Drawdown
58
Mean
41
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 51 holdings · top 10 are 45.8%.
- Top 5
- 26.3%
- Top 10
- 45.8%
- Largest holding
- 6.2%
- Effective holdings
- 31.4
Laurus Labs Ltd
Healthcare
6.2%
Multi Commodity Exchange Of India Ltd
Financial
5.9%
Shriram Transport Finance Company Ltd
Financial
4.9%
Hindalco Industries Ltd
Materials
4.9%
Adani Power Ltd
Energy & Utilities
4.5%
What changed
DECISION
Status moved from MONITOR to HEALTHY.
27 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Groww Nifty Next 50 Index Fund
Groww Mutual Fund
- 1Y
- -2.8%
- 3Y
- n/a
- Vol
- 16.6%
- Max DD
- -14.3%
- Sharpe
- -0.18
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -4.2%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.34
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Nifty Midcap 150 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -4.7%
- 3Y
- +13.5%
- Vol
- 16.7%
- Max DD
- -21.2%
- Sharpe
- 0.68
- 3Y win
- +100%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Axis BSE Sensex Index Fund
Axis Mutual Fund
- 1Y
- -10.9%
- 3Y
- n/a
- Vol
- 13.5%
- Max DD
- -16.0%
- Sharpe
- -0.22
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Axis Nifty Midcap 50 Index Fund
Axis Mutual Fund
- 1Y
- -2.9%
- 3Y
- +14.6%
- Vol
- 17.1%
- Max DD
- -20.3%
- Sharpe
- 0.64
- 3Y win
- +100%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown