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Axis Mutual Fund has launched the Axis Momentum Fund, an open-ended equity scheme focusing on long-term capital appreciation through a momentum investment strategy, open for subscription from November 22 to December 6, 2024. Meanwhile, PGIM India Mutual Fund introduced the PGIM India Healthcare Fund, targeting the healthcare sector with a minimum of 80% investment in pharmaceutical and healthcare companies, available for subscription from November 19 to December 3, 2024. Both funds aim to leverage sector-specific growth while managing associated risks.
Axis Mutual Fund has launched the Axis Momentum Fund, an NFO designed to leverage the growing popularity of momentum investing. This strategy focuses on stock price trends rather than traditional metrics, allowing the fund to adapt to changing market conditions, including shifts towards defensive stocks.
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