Axis Midcap Fund Direct Growth

Axis Midcap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 25-03-2025

₹ 117.69

▲1.1%

1D

Inception Returns

19.3%

/yr

About 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.

Key Parameters

  1. Axis Midcap Fund Direct Growth has ₹26088 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.

Returns

Axis Midcap Fund Direct Growth has given a CAGR return of 19.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.31%, 16.77% and 28.79% respectively.

Holdings

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

Taxation

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.

Investment objective of Axis Midcap Fund Direct Growth

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

Minimum Investment and lockin period

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.

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
36888 people have invested ₹ 18.1Cr in Axis Midcap Fund Direct Growth in the last three months

INDmoney Rank for Axis Midcap Fund Direct Growth

Powered by IND quant engine
10
/19
40% Performance
63% Risk Management
83% Cost
10 out of 19 among mid-cap
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Lower volatility within category
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Recovers losses quickly
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Larger AUM within category
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Underperforms benchmarks during bull run
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5Y returns in the bottom 25% of the category
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3Y returns in the bottom 25% of the category

Axis Midcap Fund Direct Growth Overview

Expense ratio0.57%
Benchmark
S&P BSE Midcap TR INR
AUM₹26088 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
28.63%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (25-Mar-25)

Period
Axis Midcap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
5.8%
4.5%
4.8%
3M
-8.1%
-8.8%
-9.3%
6M
-12.7%
-14%
-14.2%
1Y
16.3%
9.9%
12.4%
3Y
16.8%
20.7%
19.7%
5Y
28.8%
34.6%
33.2%

Fund Distribution

as on (31-Jan-25)

  • Equity 85.9%

  • Debt & Cash 14.1%

Mid cap
65.4%
Large cap
15.4%
Small cap
4.4%
Sector Allocation

Feb'25

Jan'25

Dec'24

Consumer Cyclical
21.8%
Financial Services
16.7%
Health
15%
Industrial
13.3%
Tech
12.6%
Basic Materials
10.7%
Real Estate
3.7%
Communication
3.5%
Utilities
1.3%
Consumer Defensive
0.8%
Energy
0.6%
All changes are between Nov'24 and Jan'25
Dec'24
Nov'24
Fund Returns
1.58%
0.85%
Nifty Midcap 150
0.17%
-0.54%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 26.1K Cr
₹ 28.4K Cr
₹ 30.8K Cr
  • AUM of the fund stands at 26.1K Cr as of Feb'25
  • AUM decreased by 2.3K Cr between Feb'25 and Jan'25
Top Stocks bought last month
Solar Industries India Ltd's allocation increased from 1.11% to 1.61%
Solar Industries India Ltd's allocation increased from 1.11% to 1.61%
Hitachi Energy India Ltd Ordinary Shares's allocation increased from 0.06% to 0.53%
Hitachi Energy India Ltd Ordinary Shares's allocation increased from 0.06% to 0.53%
Max Healthcare Institute Ltd Ordinary Shares's allocation increased from 1.36% to 1.71%
Max Healthcare Institute Ltd Ordinary Shares's allocation increased from 1.36% to 1.71%
Top Stocks sold last month
Persistent Systems Ltd's allocation decreased from 3.3 % to 3.19 %
Persistent Systems Ltd's allocation decreased from 3.3 % to 3.19 %
Indian Hotels Co Ltd's allocation decreased from 3.34 % to 3.16 %
Indian Hotels Co Ltd's allocation decreased from 3.34 % to 3.16 %
Fortis Healthcare Ltd's allocation decreased from 3.11 % to 3 %
Fortis Healthcare Ltd's allocation decreased from 3.11 % to 3 %
Small Cap allocation has gone down from 5.3% to 4.4%
Small Cap allocation has gone down from 5.3% to 4.4%
Mid Cap allocation has gone down from 66.2% to 65.4%
Mid Cap allocation has gone down from 66.2% to 65.4%
Large Cap allocation has gone down from 16.8% to 15.4%
Large Cap allocation has gone down from 16.8% to 15.4%
Cash allocation has gone up from 11.5% to 14.1%
Cash allocation has gone up from 11.5% to 14.1%

Top 3 Sectors in February were Consumer Cyclical, Industrial & Financial Services

Feb'25
Consumer Cyclical
22%
Financial Services
17%
Health
15%
Jan'25
Consumer Cyclical
20%
Industrial
17%
Financial Services
16%

  • Equity

Holdings
Weight%
1M Change
Indian Hotels Co Ltd
Indian Hotels Co Ltd
3.22%
0%
Fortis Healthcare Ltd
Fortis Healthcare Ltd
3.12%
0%
Persistent Systems Ltd
Persistent Systems Ltd
3.05%
0%
Coromandel International Ltd
Coromandel International Ltd
2.49%
0%
Cholamandalam Investment and Finance Co Ltd
Cholamandalam Investment and Finance Co Ltd
2.15%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Axis Midcap Fund Direct Growth
Axis Midcap Fund Direct Growth
16.31%
16.77%
28.79%
19.3%
Invesco India Mid Cap Fund Direct Plan Growth Option
Invesco India Mid Cap Fund Direct Plan Growth Option
24.78%
23.54%
34.94%
21.14%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
22.17%
29.68%
40.01%
23.75%
Kotak Emerging Equity Scheme Direct Growth
Kotak Emerging Equity Scheme Direct Growth
18.63%
20.69%
35.2%
20.62%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Cholamandalam Investment & Finance Company Ltd
Cholamandalam Investment & Finance Company Ltd
11.7%
Bajaj Finance Ltd
Bajaj Finance Ltd
6.7%
Abbott India Ltd
Abbott India Ltd
1.6%
Fund
Jan'25
Dec'24
Nov'24
No of Holdings
99
103
102
Top 5 Company Concentration
14.1%
15.5%
14.6%
Company having highest exposure
Persistent Systems Ltd (3.2%)
Trent Ltd (3.5%)
Trent Ltd (3.4%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
79.9%
79.7%
79.3%
Sector having highest exposure
Consumer Cyclical (20.4%)
Consumer Cyclical (22.7%)
Consumer Cyclical (22.5%)
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Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Midcap Fund Direct Growth, since 23 November 2016
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Midcap Fund Direct Plan Growth
16.77%
19.68%
Axis ELSS Tax Saver Fund Direct Plan Growth Option
11.14%
15.44%
Axis Bluechip Fund Direct Plan Growth
10.33%
13.51%
Fund House
Axis Asset Management Company Limited
Total Schemes
73
See all Axis schemes
Total AUM
₹3.33L Cr
as on 31-Jan-2025
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 16.7% drop in AUM moving from 31.32K Cr to 26.08K Cr.
Insights icon
In the last 1 year, Invesco India Mid Cap Fund Direct Plan Growth Option has given 24.78% return, outperforming this fund by 8.46%.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 29.68% return, outperforming this fund by 12.92% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.18%.
Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 41.55% return, outperforming this fund by 12.76% per annum.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 7.5% moving from 0.53 to 0.57.

Axis Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.3% since inception which is more than its category average return of 18.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 85.9% in Equity, 0% in Debt and 14.1% in Cash related instruments
AUM size ₹26088 Cr

AUM size ₹26088 Cr

This fund has AUM of ₹26088 Cr which is more than its category average of ₹ 10864 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions for Axis Midcap Fund Direct Growth

The current NAV of Axis Midcap Fund Direct Growth is ₹117.69 as on 25-Mar-2025.
Existing (Absolute + CAGR) as on 25-Mar-2025.
Axis Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.82%
5.82%
6 Month Returns
-12.71%
-12.71%
1 Year Returns
16.31%
16.31%
3 Years Returns
59.2%
16.77%
5 Years Returns
254.37%
28.79%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.57% as on February 2025
₹26088 Cr as on February 2025
Indian Hotels Co Ltd(3.22%), Fortis Healthcare Ltd(3.12%), Persistent Systems Ltd(3.05%), Coromandel International Ltd(2.49%), Cholamandalam Investment and Finance Co Ltd(2.15%) as on February 2025
Consumer Cyclical(18.71%), Financial Services(14.31%), Health(12.9%) as on February 2025
The alpha ratio for the Axis Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Midcap Fund Direct Growth
6.78
-2.36
0.49
As on February 2025
The alpha for Axis Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Midcap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Midcap Fund Direct Growth
0.91
0.82
0.78
As on February 2025
The Beta for Axis Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Midcap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Midcap Fund Direct Growth
0.07
0.54
0.8
As on February 2025
The sharpe ratio for Axis Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Midcap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Midcap Fund Direct Growth
18.64
15.49
18.11
As on February 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.85 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Midcap Fund Direct Growth
The Exit load of Axis Midcap Fund Direct Growth is 1%