Axis Mutual Fund has recently introduced a new NFO for its Axis Momentum Fund, capitalizing on the increasing popularity of momentum investing strategies both in India and globally.

This fund is specifically designed for investors who want to take advantage of market trends and seize growth opportunities. Ashish Gupta, the CIO of Axis Mutual Fund, emphasized that the active momentum fund gives priority to stock price trends rather than traditional fundamental metrics like earnings and return on equity. This approach enables the fund to adapt to different market conditions and shift its focus to defensive stocks when necessary, making it more versatile across various market environments.