Axis Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 20-12-2024
₹ 128.58
1D
Inception Returns
20.8%
/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
- Axis Midcap Fund Direct Growth has ₹30008 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
Axis Midcap Fund Direct Growth has given a CAGR return of 20.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.15%, 19.64% and 25.05% respectively.
Holdings
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, Consumer Defensive, Energy. Its top holdings are Trent Ltd, Indian Hotels Co Ltd, Persistent Systems Ltd, Fortis Healthcare Ltd, Coromandel International 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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
INDmoney Rank for Axis Midcap Fund Direct Growth
Axis Midcap Fund Direct Growth Overview
| Expense ratio | 0.54% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹30008 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 28.63% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.85% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 1.40% in Nov'24
- AUM of the fund stands at 30K Cr as of Nov'24
- AUM decreased by 2K Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Consumer Cyclical, Industrial & Financial Services
Top Growth Drivers | 1M Return |
|---|---|
 Indian Hotels Co Ltd | 16.9% |
 Coforge Ltd | 16.7% |
 Persistent Systems Ltd | 14.7% |
Mutual Fund Insights
Axis Midcap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹30008 Cr
Expense Ratio 0.54%
Frequently Asked Questions for Axis Midcap Fund Direct Growth
Axis Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.71% | 5.71% |
6 Month Returns | 5.89% | 5.89% |
1 Year Returns | 35.15% | 35.15% |
3 Years Returns | 71.23% | 19.64% |
5 Years Returns | 205.78% | 25.05% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Midcap Fund Direct Growth | 7.38 | -1.97 | 2.3 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Midcap Fund Direct Growth | 0.71 | 0.81 | 0.76 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Midcap Fund Direct Growth | 2.02 | 0.86 | 1.06 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Midcap Fund Direct Growth | 12.55 | 13.93 | 17.09 |