Angel One Nifty Total Market Momentum Quality 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Angel One Nifty Total Market Momentum Quality 50 Index Fund Direct Growth Plan is an equity index fund with a High Risk profile. As of 02 Sep 2026, its NAV is ₹10.2812 and scheme AUM is ₹36 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively, so our view is that the fund is still in an early-stage performance window rather than a long proven compounding record.

For investors, that means the appeal is more about the investment style than the track record: a momentum-quality approach across the broader market, a low expense ratio, and no exit load. The trade-off is that the available return history is short and the fund can move with sharp swings, so it suits investors who are comfortable with higher short-term fluctuation and want a rules-based equity exposure.

Quick facts

The fund is managed by Kewal Shah.

Source data date: as of 02 Sep 2026

Performance

In the most recent month, the fund held a positive return while the benchmark stayed negative. That points to a short-term spell where the portfolio mix did better than the broad reference index, even though the gap is not large enough to draw a big conclusion from one month alone.

The 3-month picture is different. The benchmark has done better over that window, which tells us the fund’s near-term behaviour has not been uniformly ahead of the index. For an investor, that is a reminder that momentum-led strategies can look uneven across short spans.

What matters more is the shape of the return path. The fund has shown a firmer upward drift over the latest stretch, but the movement is not smooth. There were periods of softness before the recent recovery, so the experience has been choppier than a plain vanilla index fund would usually be.

Because the fund launched only in November 2025, the longer-horizon return fields are not yet meaningful in a normal compounding sense. The main takeaway is that recent improvement is visible, but there is not enough history to treat that improvement as a stable long-term pattern.

Source data date: as of 02 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the return figures that are available, the fund’s latest short-term showing is mixed relative to peers: some comparison points cannot be measured because the schemes are too new or the figures are not available, and that limits a clean like-for-like read.

Where the comparison does help, the key story is that the fund’s recent month looks stronger than the benchmark’s, while the 3-month stretch has been less convincing. That creates a split picture: the fund has shown some recent resilience, but the short span of history makes it hard to infer durable outperformance versus the peer set.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

The top 10 holdings account for approximately 49.42% of the portfolio.

To see all holdings, visit the Angel One Nifty Total Market Momentum Quality 50 Index Fund Direct Growth Plan page

The largest holding, Bajaj Auto Limited, carries a weight of 5.67%, so no single name dominates the portfolio. The tenth holding is still 4.47%, which shows that the weight drops only gradually across the top slice rather than falling sharply after the first few names.

That pattern suggests moderate concentration among the leading positions, with the top 10 together accounting for 49.42% of the portfolio across 34 disclosed holdings. In our view, that blend may make the fund more sensitive to the performance of a handful of larger positions while still leaving room for a longer tail of smaller holdings to matter.

Because the portfolio is spread across 34 holdings, the exposure is not narrowly single-stock driven. Even so, the listed weights indicate that the first group of holdings is likely to have greater influence on short-term outcomes than the smaller positions further down the list.

Source data date: as of 02 Sep 2026

Who should invest

This fund suits investors who can handle High Risk and are comfortable with a newer equity strategy that has limited return history. The recent month has been better than the benchmark, but the 3-month period has been less consistent, so a short holding period would place too much weight on recent noise.

We think it fits best as a longer-horizon equity allocation for investors who understand that momentum-style portfolios can move unevenly. The main trade-off is simple: you get a low-cost, rules-based approach with a focused set of larger holdings, but you have to accept a short performance record and swings that may be sharper than a steady index tracker.

Tax and exit load

No exit load applies if units are sold anytime.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of this fund?
The current NAV is ₹10.2812 as of 02 Sep 2026.

What are the fund’s recent returns?
Its 1-year, 3-year and 5-year returns are not available yet because the fund is too new for those standard periods. The recent 1-month return is 1.83% and the 3-month return is 1.45%.

How has it done versus the benchmark?
Over 1 month, the fund has done better than the benchmark, while over 3 months the benchmark has done better. That makes the near-term picture mixed rather than one-sided.

How does it compare with the peer funds listed here?
The available peer comparison is limited because several schemes have no usable 1-year, 3-year or 5-year figures. On the numbers that are available, the fund’s recent month is stronger than the benchmark, but the 3-month showing is less steady.

What is the minimum SIP amount?
There is no minimum SIP row shown in the quick facts section here, so we do not state a minimum SIP amount.

Who manages the fund and what is the exit load?
Kewal Shah manages the fund. The exit load is nil, so no exit load applies if units are sold anytime.

Bottom line

This is a High Risk equity index fund with a short live history, so the main story is not long-term compounding yet but the fund’s style and recent behaviour. The latest month has been stronger than the benchmark, while the 3-month stretch has been more mixed, and the available peer comparison does not yet give a long performance track to lean on. The portfolio is moderately concentrated in its leading holdings, which may amplify the impact of a few names. It may suit investors seeking a rules-based, momentum-quality equity exposure and who can tolerate a newer, less proven return record.

Published on 3 September 2026 at 7:00 PM IST