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Axis Midcap Fund


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.39 Lakh

Analyst's Choice?

Suitability:

When you invest for seven years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options.

This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. Therefore, you can expect higher returns in the long-term, but more severe ups and downs along the way.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other mid cap fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -18.61 -0.74 -4.09 -22.01 -18.67 -14.95 -10.30 5.99 5.62 15.09 --
S&P BSE 150 MidCap TRI -27.97 -0.88 -5.92 -29.78 -27.57 -23.28 -27.43 -5.76 2.25 10.74 --
Equity: Mid Cap -25.45 -0.37 -6.10 -28.47 -25.20 -22.72 -24.33 -5.57 1.27 12.45 --
Rank within category 1 25 3 1 1 1 1 1 1 1 --
Number of funds in category 28 29 29 29 27 27 25 22 20 18 16

As on 27-Mar-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.16 (15-May-2014 - 22-May-2014) -15.58 (16-Mar-2020 - 23-Mar-2020)
Month 24.14 (07-May-2014 - 06-Jun-2014) -29.44 (20-Feb-2020 - 23-Mar-2020)
Quarter 39.31 (21-Feb-2014 - 23-May-2014) -23.54 (23-Dec-2019 - 23-Mar-2020)
Year 99.63 (03-Sep-2013 - 03-Sep-2014) -16.46 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.37 13.14 0.74 1.02 0.70 8.71
S&P BSE 150 MidCap TRI 7.10 17.31 0.09 0.12 -- --
Equity: Mid Cap 6.55 15.27 0.07 0.09 0.84 -0.30
Rank within category 1 2 1 1 1 1
Number of funds in category 23 23 23 23 23 23

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 29-Feb-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 52
Top 10 Stocks (%) 36.02
Top 5 Stocks (%) 20.55
Top 3 Sectors (%) 45.58
Portfolio P/B Ratio 5.22
Portfolio P/E Ratio 33.46

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 28,606 18,731
Giant (%) 15.66 7.58
Large (%) 3.61 8.48
Mid (%) 80.73 76.96
Small (%) -- 11.20
Tiny (%) -- 0.41

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Avenue Supermarts Services 112.21 5.52 0.04 5.52
up City Union Bank Financial 12.17 5.72 3.90 3.90
up Bata India FMCG 40.87 4.74 0.00 3.85
up Voltas Cons Durable 30.93 4.22 0.00 3.76
up Astral Poly Technik Chemicals 50.83 4.36 0.00 3.52
up Ipca Laboratories Healthcare 26.50 3.44 0.00 3.44
up PI Industries Chemicals 31.79 3.36 0.00 3.35
up Trent Services 153.54 2.92 0.00 2.92
up Cholamandalam Invest. & Fin. Financial 10.03 4.12 1.05 2.91
down Bajaj Finance Financial 24.57 5.92 0.00 2.85
up Aditya Birla Fashion and Retail Services 62.04 2.77 0.00 2.77
down Info Edge (India) Services -- 6.17 0.00 2.32
down Indraprastha Gas Energy 21.27 3.72 0.00 2.10
up Mphasis Technology 10.90 3.96 0.00 1.87
equal HDFC Bank Financial 17.38 4.46 0.00 1.86
up Indian Hotels Services 22.62 1.98 0.00 1.84
equal M&M Financial Services Financial 5.82 3.96 0.00 1.78
up Whirlpool Cons Durable 45.67 2.02 0.00 1.75
up Tata Consumer Products FMCG 63.67 2.04 0.00 1.74
equal ICICI Bank Financial 21.43 3.06 0.00 1.72
up Sanofi India Healthcare 34.56 2.87 0.00 1.67
up Supreme Industries Chemicals 23.42 4.36 1.57 1.64
up Sundaram Finance Financial 11.20 4.70 1.38 1.38
up MindTree Technology 22.38 1.34 0.00 1.34
up Balkrishna Industries Automobile 17.59 2.94 0.00 1.33

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 29-Feb-2020

Fund Manager

— Shreyash Devalkar since 23-Nov-2016

Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University

Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.

Interviews:

Funds Managed:


-0.74%

Change from previous, NAV as on 27-Mar-2020

Growth: ₹ 32.3200

Dividend: ₹ 18.9000


Investment Strategy

The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 18-Feb-2011
Return Since Launch: 13.74%
Benchmark: S&P BSE Mid Cap TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,193 Cr (As on 29-Feb-2020)
Expense: 1.94% (As on 29-Feb-2020)
Risk Grade: Low
Return Grade: High
Turnover: 47.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-Feb-20201.9922

 14-Feb-20192.1250
 16-Oct-20172.2500
 15-Sep-20162.0000
 11-Sep-20151.7500
 31-Jul-20141.5000

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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