New Delhi, July 26 -- Active momentum funds have outpaced the broader market over the past three months and six months, which was a period of heightened volatility.

In the three months to 23 July 2026, active momentum funds returned an average of about 6.4%, against 1.2% for the Nifty 500 total return index (TRI) and negative 0.7% for the Nifty 50 TRI.

Over a six-month period, the funds returned close to 10.8% on average, against 1.8% for the Nifty 500TRI and negative 4.1% for the Nifty 50 TRI. However, the returns of active momentum funds varied widely: from 3.7% to 15.2%. That spread in returns reflects the different models these funds run to play the momentum factor.

Here's a look at how different active momentum funds work and whet...