Axis Nifty Midcap 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 25-11-2024
₹ 18.9
▲1.2%
1D
Inception Returns
26.3%
/yr
About Axis Nifty Midcap 50 Index Fund Direct Growth
Axis Nifty Midcap 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 March, 2022. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty Midcap 50 Index Fund Direct Growth has ₹398 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Axis Nifty Midcap 50 Index Fund Direct Growth has given a CAGR return of 26.32% since inception. Over the last 1 year the fund has given a CAGR return of 28.57%.
Holdings
Axis Nifty Midcap 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Health, Tech, Basic Materials, Consumer Cyclical, Real Estate, Communication, Consumer Defensive, Energy. Its top holdings are Suzlon Energy Ltd, Max Healthcare Institute Ltd Ordinary Shares, Indian Hotels Co Ltd, Persistent Systems Ltd, PB Fintech Ltd
Taxation
As it is a index funds 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 Nifty Midcap 50 Index Fund Direct Growth
To provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Nifty Midcap 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Axis Nifty Midcap 50 Index Fund Direct Growth Overview
| Expense ratio | 0.25% |
Benchmark | IISL Nifty Midcap 50 TR INR |
| AUM | ₹398 Cr |
| Inception Date | 28 March, 2022 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 69.14% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Low Risk |
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -7.94% whereas the fund’s underlying benchmark Nifty Midcap 50 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty Midcap 50 by 1.77% in Oct'24
- AUM of the fund stands at 415.6 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Industrial, Financial Services & Basic Materials
Top Growth Drivers | 1M Return |
|---|---|
 Federal Bank Ltd | 10.9% |
 Max Healthcare Institute Ltd | 9.4% |
Axis Nifty Midcap 50 Index Fund Direct Growth Highlights
Low Risk
About the fund
Fund Allocations
AUM size ₹398 Cr
Expense Ratio 0.25%
Frequently Asked Questions for Axis Nifty Midcap 50 Index Fund Direct Growth
Axis Nifty Midcap 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.43% | -2.43% |
6 Month Returns | 5.08% | 5.08% |
1 Year Returns | 28.57% | 28.57% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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 Nifty Midcap 50 Index Fund Direct Growth | -0.5 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty Midcap 50 Index Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Nifty Midcap 50 Index Fund Direct Growth | 1.66 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Nifty Midcap 50 Index Fund Direct Growth | 17.42 | - | - |