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5 star

Axis Midcap Fund - Direct Plan

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Equity: Mid Cap

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1 Lakh

Investment Grown to
₹ 2.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 6.24 Lakh

Suitability:

When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from 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. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

Like for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 40.31 0.44 -0.37 7.99 16.14 28.72 70.69 26.48 22.44 18.91 --
S&P BSE 150 MidCap TRI 46.25 1.49 -0.62 8.65 12.31 27.30 81.05 21.32 17.96 18.43 --
Equity: Mid Cap 42.19 1.03 -1.20 7.78 12.94 26.89 74.83 21.99 16.90 17.12 --
Rank within category 18 29 3 15 6 11 21 2 1 4 --
Number of funds in category 27 30 30 30 30 29 27 22 19 19 0

As on 22-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Midcap Fund - Direct Plan
5 star
 Jan-13 70.69 26.48 22.44 0.49 14,804
Kotak Emerging Equity Fund - Direct Plan  | Invest Online
4 star
 Jan-13 77.38 24.72 18.77 0.57 15,709
DSP Midcap Fund - Direct Plan  | Invest Online
4 star
 Jan-13 54.40 21.52 16.68 0.86 13,774
Nippon India Growth Fund - Direct Plan  | Invest Online
4 star
 Jan-13 81.17 24.60 18.23 1.20 11,322
PGIM India Midcap Opportunities Fund - Direct Plan  | Invest Online
5 star
 Dec-13 98.12 33.65 21.79 0.34 2,709

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 12.15 15-May-2014 - 22-May-2014 -15.55 16-Mar-2020 - 23-Mar-2020
Month 24.27 07-May-2014 - 06-Jun-2014 -29.36 20-Feb-2020 - 23-Mar-2020
Quarter 40.12 21-Feb-2014 - 23-May-2014 -23.29 23-Dec-2019 - 23-Mar-2020
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 22.44 19.88 0.93 0.94 0.72 7.72
S&P BSE 150 MidCap TRI 18.95 26.72 0.56 0.56 -- --
Equity: Mid Cap 19.82 24.32 0.65 0.69 0.89 2.57
Rank within category 4 1 2 3 1 3
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 31-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 34.79
Top 5 Stocks (%) 18.88
Top 3 Sectors (%) 42.25
Portfolio P/B Ratio 6.73
Portfolio P/E Ratio 39.48

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 51,851 28,737
Giant (%) 14.21 4.79
Large (%) 22.74 13.56
Mid (%) 62.99 76.29
Small (%) 0.06 7.74
Tiny (%) -- 0.20

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
equal Cholamandalam Investment & Finance Company Financial 33.05 5.78 1.05 4.24
equal Coforge Technology 67.57 4.13 0.00 3.95
equal ICICI Bank Financial 24.37 3.80 0.00 3.74
equal PI Industries Chemicals 63.60 4.92 0.00 3.57
equal Bajaj Finance Financial 105.44 4.68 1.20 3.38
equal HDFC Bank Financial 25.88 4.46 1.58 3.32
equal Crompton Greaves Consumer Electricals Consumer Durable 46.18 3.65 0.00 3.31
equal Astral Chemicals 93.29 4.36 2.69 3.23
equal MindTree Technology 60.08 3.15 0.00 3.15
equal Gujarat Gas Energy 25.33 3.07 0.00 2.90
equal Mphasis Technology 47.55 3.96 1.50 2.88
equal Avenue Supermarts Services 245.65 5.74 1.21 2.83
equal Ipca Laboratories Healthcare 30.80 5.51 0.00 2.56
up Apollo Hospitals Healthcare 468.48 2.53 0.00 2.53
equal Tata Consumer Products FMCG 110.21 3.59 0.00 2.49
down Voltas Consumer Durable 72.45 4.24 1.33 2.38
equal Supreme Industries Chemicals 25.58 3.05 1.29 2.29
equal JK Cement Construction 29.32 2.70 0.00 2.15
equal Trent Services -- 3.16 1.62 2.15
equal Endurance Technologies Automobile 35.16 4.31 0.74 2.10
up Cummins India Engineering 34.17 1.98 0.00 1.98
equal ACC Construction 22.56 3.71 0.00 1.93
equal Tata Elxsi Technology 84.24 2.28 0.00 1.93
equal Bata India FMCG -- 4.74 0.00 1.80
equal Sundaram Finance Financial 22.76 3.36 1.00 1.73

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-Aug-2021

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:

0.44%

Change from previous, NAV as on 22-Sep-2021

Growth: ₹ 77.4100

IDCW: ₹ 47.2000

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
Lock-in Period Not Applicable
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: 21.88%
Benchmark: S&P BSE Mid Cap TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 14,804 Cr (As on 31-Aug-2021)
Expense: 0.49% (As on 31-Aug-2021)
Risk Grade: Low
Return Grade: High
Turnover: 23.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-Feb-20213.5000

 20-Feb-20202.4349
 14-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: http://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

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