Axis Midcap Fund Direct Growth

Axis Midcap Fund is a direct mutual fund scheme that invests primarily in mid-sized companies which generally have a market capitalization between Rs, 5000 crore to Rs 20,000 crore. These companies are usually smaller than large-cap companies but bigger than small-cap companies and provide investors an opportunity to earn double digit returns but also come with significant risk.

The fund aims to generate long-term capital appreciation for its investors by investing in quality mid-cap stocks which have their presence in multiple sectors like construction, finance, pharma. By investing in Axis Midcap Fund, investors can diversify their portfolio and potentially benefit from the growth potential of mid-sized companies in India. Stocks such as IDFC First, Bharat Forge and AU Small Finance Bank are included in this fund.

1. Axis Midcap Fund Direct Growth has ₹28380 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

Axis Midcap Fund Direct Growth has given a CAGR return of 19.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.99%, 16.07% and 19.63% respectively.

Axis Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Health, Tech, Basic Materials, Real Estate, Communication, Utilities, Energy, Consumer Defensive. Its top holdings are Persistent Systems Ltd, Indian Hotels Co Ltd, Fortis Healthcare Ltd, Coromandel International Ltd, Trent Ltd

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Midcap Fund Direct Growth has no lock in period.