Momentum Funds have lost NAV value recently due to market volatility. Samco Mutual Funds said they will temporarily stop fresh investments for their momentum fund.
Check out the 5 worst hit funds here.
Tata Nifty Midcap 150 Momentum 50 Index Fund - Direct Plan
Recent NAV Fall: -4.6%
Returns since Launch: 37.56%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund- Direct Plan
Recent NAV Fall: -4.5%
Returns since Launch: 41.13%
Samco Active Momentum Fund - Direct Plan
Recent NAV Fall: -4%
Returns since Launch: 31.2%
Quant Momentum Fund- Direct Plan
Recent NAV Fall: -3.7%
Returns since Launch: 28.14%
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan
Recent NAV Fall: -3.3%
Returns since Launch: 34.88%
Source: Value Research
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