Fund Analysis

The quality seeker

Despite the near-term underperformance encircling the fund, its long-term returns remain untainted.

Despite the near-term underperformance encircling the fund, its long-term returns remain untainted.

With one of the lowest expense ratios among all actively managed mid-cap schemes, Axis Midcap Fund has proved to be a rewarding investment for long-term investors. Axis Mutual Fund's equity schemes are known for their quality focus and this fund is no different. It has consistently retained its five-star rating for about three years now. However, the fund is going through a bit of a rough patch since last year, which has dragged its near-term performance. This can be attributed mainly to the AMC's 'growth' style of investing because of late, the tides have turned in favour of the 'value' theme. Who is it suitable for? Being a fund that invests predominantly in the mid-cap space, it is riskier and subject to more volatility than large-cap oriented funds. Hence, it is meant to play a supplementary role (as a return booster), in the core equity portfolios of investors who ha

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