The investment objective of the Scheme is to seek to generate long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit positive price momentum – based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly.
Benchmark:
NIFTY 500
Fund Manager:
Paras Matalia, Dhawal Ghanshyam Dhanani
Bandhan Infrastructure Fund | 16.99(6M) | 43.68(1Y) |
HDFC Banking and Financial Services Fund | 6.57(6M) | 35.84(1Y) |
The first active managed momentum tracking fund. From a huge list of companies tracked. Great idea.
Fund House AAUM:
Rs. 78104.55 Lakhs (as on 31st March 2023)
Fund Manager:
Combined experience of above 6 years
If you are looking for oomph there is lots of it. But a pure NFO play with no scope for investing later on is far too big a risk.