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Axis Midcap Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.71 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.49 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 3.08 0.41 2.79 3.56 7.05 14.13 19.81 19.47 11.31 18.19 --
Equity: Mid Cap 4.99 0.44 3.41 6.41 10.72 9.97 10.79 10.53 9.71 17.34 --
Rank within category 26 17 22 25 25 2 1 1 5 7 --
Number of funds in category 26 26 26 25 25 23 23 20 19 17 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 24.27 (07-May-2014 - 06-Jun-2014) -13.27 (07-Sep-2018 - 08-Oct-2018)
Quarter 40.12 (21-Feb-2014 - 23-May-2014) -16.02 (27-Nov-2015 - 26-Feb-2016)
Year 102.67 (03-Sep-2013 - 03-Sep-2014) -15.48 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.56 13.14 0.98 1.30 0.71 8.93
Equity: Mid Cap 10.88 15.19 0.34 0.49 0.84 0.51
Rank within category 1 2 1 1 2 1
Number of funds in category 21 21 21 21 21 21

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 43
Top 10 Stocks (%) 39.55
Top 5 Stocks (%) 22.39
Top 3 Sectors (%) 51.93
Portfolio P/B Ratio 5.54
Portfolio P/E Ratio 36.27

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 30,916 20,224
Giant (%) 16.40 9.14
Large (%) 3.28 5.25
Mid (%) 80.32 78.84
Small (%) -- 12.06
Tiny (%) -- 0.09

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 City Union Bank Financial 24.52 5.72 4.30 4.93
equal Info Edge (India) Services 146.94 6.17 0.00 4.69
up Avenue Supermarts Services 102.26 5.37 0.00 4.54
up Astral Poly Technik Chemicals 69.13 4.36 0.00 4.18
equal Bajaj Finance Financial 51.56 5.92 0.00 4.05
up Bata India FMCG 63.27 4.74 0.00 3.85
up Voltas Cons Durable 47.40 4.22 0.00 3.85
equal Indraprastha Gas Energy 32.10 3.34 0.00 3.23
up PI Industries Chemicals 43.66 3.20 0.00 3.18
equal Cholamandalam Invest. & Fin. Financial 20.89 5.06 1.05 3.05
equal HDFC Bank Financial 26.64 4.46 0.00 2.67
equal ICICI Bank Financial 66.86 3.06 0.00 2.47
up Aditya Birla Fashion and Retail Services 60.51 2.48 0.00 2.39
up Ipca Laboratories Healthcare 26.08 2.51 0.00 2.35
equal Mphasis Technology 15.47 3.96 0.00 2.29
up Trent Services 137.48 2.34 0.00 2.20
up Whirlpool Cons Durable 65.87 2.02 0.00 2.02
up Indian Hotels Services 48.83 1.96 0.00 1.88
up Kansai Nerolac Paints Chemicals 50.86 2.13 0.00 1.83
equal Bandhan Bank Financial 25.33 2.73 0.00 1.77
up Sanofi India Healthcare 39.11 2.87 0.00 1.62
equal Supreme Industries Chemicals 37.96 4.36 1.57 1.57
equal Sundaram Finance Financial 14.79 4.70 1.48 1.48
equal M&M Financial Services Financial 18.13 3.96 0.00 1.44
equal Endurance Technologies Automobile 25.47 4.40 1.42 1.42

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 31-Dec-2019

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.

Funds Managed:


0.41%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 44.5100

Dividend: ₹ 32.4300


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 (₹) 1,000
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: 01-Jan-2013
Return Since Launch: 18.12%
Benchmark: S&P BSE Mid Cap TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 4,141 Cr (As on 31-Dec-2019)
Expense: 0.61% (As on 31-Dec-2019)
Risk Grade: Low
Return Grade: High
Turnover: 25.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-Feb-20192.1250

 16-Oct-20172.2500
 15-Sep-20162.0000
 11-Sep-20151.7500

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM