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Fund Overview
Fund Size
₹30,008 Cr
Expense Ratio
0.54%
ISIN
INF846K01EH3
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
01 Jan 2013
About this fund
Axis Midcap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹124.28, Assets Under Management (AUM) of 30008.06 Crores, and an expense ratio of 0.54%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹124.28, Assets Under Management (AUM) of 30008.06 Crores, and an expense ratio of 0.54%.
- Axis Midcap Fund Direct Growth has given a CAGR return of 20.39% since inception.
- The fund's asset allocation comprises around 94.46% in equities, 0.00% in debts, and 5.54% in cash & cash equivalents.
- You can start investing in Axis Midcap Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+35.96%
+33.57% (Cat Avg.)
3 Years
+15.67%
+19.59% (Cat Avg.)
5 Years
+23.92%
+25.70% (Cat Avg.)
10 Years
+17.75%
+16.92% (Cat Avg.)
Since Inception
+20.39%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹28,345.13 Cr | 94.46% |
| Others | ₹1,662.94 Cr | 5.54% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹1,411.32 Cr | 4.70% |
| Trent Ltd | Equity | ₹1,091.4 Cr | 3.64% |
| Indian Hotels Co Ltd | Equity | ₹840.71 Cr | 2.80% |
| Fortis Healthcare Ltd | Equity | ₹830.81 Cr | 2.77% |
| Persistent Systems Ltd | Equity | ₹806.45 Cr | 2.69% |
| Sona BLW Precision Forgings Ltd | Equity | ₹678.08 Cr | 2.26% |
| PI Industries Ltd | Equity | ₹670.81 Cr | 2.24% |
| Cummins India Ltd | Equity | ₹653.73 Cr | 2.18% |
| Coromandel International Ltd | Equity | ₹649.69 Cr | 2.17% |
| Supreme Industries Ltd | Equity | ₹635.38 Cr | 2.12% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹600.99 Cr | 2.00% |
| UNO Minda Ltd | Equity | ₹594.66 Cr | 1.98% |
| Lupin Ltd | Equity | ₹592.61 Cr | 1.97% |
| CG Power & Industrial Solutions Ltd | Equity | ₹559.18 Cr | 1.86% |
| Schaeffler India Ltd | Equity | ₹558.23 Cr | 1.86% |
| Bharti Hexacom Ltd | Equity | ₹545.21 Cr | 1.82% |
| Phoenix Mills Ltd | Equity | ₹538.31 Cr | 1.79% |
| The Federal Bank Ltd | Equity | ₹536.77 Cr | 1.79% |
| Alkem Laboratories Ltd | Equity | ₹515 Cr | 1.72% |
| ICICI Bank Ltd | Equity | ₹502.05 Cr | 1.67% |
| Voltas Ltd | Equity | ₹501.09 Cr | 1.67% |
| TVS Motor Co Ltd | Equity | ₹487.12 Cr | 1.62% |
| JK Cement Ltd | Equity | ₹478.22 Cr | 1.59% |
| Abbott India Ltd | Equity | ₹475.92 Cr | 1.59% |
| PB Fintech Ltd | Equity | ₹430.91 Cr | 1.44% |
| Apar Industries Ltd | Equity | ₹411.22 Cr | 1.37% |
| Dixon Technologies (India) Ltd | Equity | ₹393.26 Cr | 1.31% |
| Torrent Power Ltd | Equity | ₹385.73 Cr | 1.29% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹377.4 Cr | 1.26% |
| Coforge Ltd | Equity | ₹374.5 Cr | 1.25% |
| Solar Industries India Ltd | Equity | ₹358.53 Cr | 1.19% |
| Sundaram Finance Ltd | Equity | ₹354.71 Cr | 1.18% |
| Linde India Ltd | Equity | ₹353.47 Cr | 1.18% |
| Bajaj Finance Ltd | Equity | ₹338.48 Cr | 1.13% |
| Samvardhana Motherson International Ltd | Equity | ₹332.77 Cr | 1.11% |
| Oberoi Realty Ltd | Equity | ₹326.76 Cr | 1.09% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹317.29 Cr | 1.06% |
| Balkrishna Industries Ltd | Equity | ₹313.52 Cr | 1.04% |
| Colgate-Palmolive (India) Ltd | Equity | ₹309.52 Cr | 1.03% |
| Indian Bank | Equity | ₹308.92 Cr | 1.03% |
| REC Ltd | Equity | ₹307.99 Cr | 1.03% |
| Prestige Estates Projects Ltd | Equity | ₹305.55 Cr | 1.02% |
| GE Vernova T&D India Ltd | Equity | ₹305.32 Cr | 1.02% |
| Zomato Ltd | Equity | ₹281.27 Cr | 0.94% |
| Mphasis Ltd | Equity | ₹267.23 Cr | 0.89% |
| Astral Ltd | Equity | ₹262.44 Cr | 0.87% |
| Tata Power Co Ltd | Equity | ₹261.58 Cr | 0.87% |
| Net Receivables / (Payables) | Cash | ₹251.62 Cr | 0.84% |
| Zydus Lifesciences Ltd | Equity | ₹247.62 Cr | 0.83% |
| Multi Commodity Exchange of India Ltd | Equity | ₹240.04 Cr | 0.80% |
| Godrej Properties Ltd | Equity | ₹235.16 Cr | 0.78% |
| Oracle Financial Services Software Ltd | Equity | ₹232.74 Cr | 0.78% |
| Tech Mahindra Ltd | Equity | ₹232.66 Cr | 0.78% |
| 3M India Ltd | Equity | ₹198.1 Cr | 0.66% |
| Motherson Sumi Wiring India Ltd | Equity | ₹194.41 Cr | 0.65% |
| K.P.R. Mill Ltd | Equity | ₹191.68 Cr | 0.64% |
| ZF Commercial Vehicle Control Systems India Ltd | Equity | ₹181.51 Cr | 0.60% |
| Ipca Laboratories Ltd | Equity | ₹173.56 Cr | 0.58% |
| Bharat Electronics Ltd | Equity | ₹172.64 Cr | 0.58% |
| Suzlon Energy Ltd | Equity | ₹163.36 Cr | 0.54% |
| Premier Energies Ltd | Equity | ₹160.69 Cr | 0.54% |
| Grindwell Norton Ltd | Equity | ₹159.57 Cr | 0.53% |
| HDFC Asset Management Co Ltd | Equity | ₹154.78 Cr | 0.52% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹154.05 Cr | 0.51% |
| HDFC Life Insurance Co Ltd | Equity | ₹151.4 Cr | 0.50% |
| Fine Organic Industries Ltd Ordinary Shares | Equity | ₹149.69 Cr | 0.50% |
| Carborundum Universal Ltd | Equity | ₹149.52 Cr | 0.50% |
| Bharat Forge Ltd | Equity | ₹148.65 Cr | 0.50% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹142.71 Cr | 0.48% |
| Honeywell Automation India Ltd | Equity | ₹136.9 Cr | 0.46% |
| Hindustan Petroleum Corp Ltd | Equity | ₹135.84 Cr | 0.45% |
| KPIT Technologies Ltd | Equity | ₹116.84 Cr | 0.39% |
| Jyoti CNC Automation Ltd | Equity | ₹115.24 Cr | 0.38% |
| Kalyan Jewellers India Ltd | Equity | ₹115.13 Cr | 0.38% |
| Jubilant Foodworks Ltd | Equity | ₹114.8 Cr | 0.38% |
| L&T Technology Services Ltd | Equity | ₹111.91 Cr | 0.37% |
| Endurance Technologies Ltd | Equity | ₹111.86 Cr | 0.37% |
| Vedant Fashions Ltd | Equity | ₹109.66 Cr | 0.37% |
| Timken India Ltd | Equity | ₹108.08 Cr | 0.36% |
| Shriram Finance Ltd | Equity | ₹101.57 Cr | 0.34% |
| Tata Communications Ltd | Equity | ₹99.16 Cr | 0.33% |
| SKF India Ltd | Equity | ₹92.86 Cr | 0.31% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹92.44 Cr | 0.31% |
| Tata Technologies Ltd | Equity | ₹91.34 Cr | 0.30% |
| Jindal Steel & Power Ltd | Equity | ₹80.66 Cr | 0.27% |
| Container Corporation of India Ltd | Equity | ₹80.05 Cr | 0.27% |
| Brigade Enterprises Ltd | Equity | ₹75.99 Cr | 0.25% |
| Granules India Ltd | Equity | ₹75.17 Cr | 0.25% |
| Sumitomo Chemical India Ltd Ordinary Shares | Equity | ₹67.35 Cr | 0.22% |
| Premier Energies Limited-Locked In | Equity | ₹64.68 Cr | 0.22% |
| KEI Industries Ltd | Equity | ₹52.1 Cr | 0.17% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹49.83 Cr | 0.17% |
| Bajaj Housing Finance Ltd | Equity | ₹45.02 Cr | 0.15% |
| Oil India Ltd | Equity | ₹41.5 Cr | 0.14% |
| Page Industries Ltd | Equity | ₹40.69 Cr | 0.14% |
| L&T Finance Ltd | Equity | ₹40.67 Cr | 0.14% |
| Ajanta Pharma Ltd | Equity | ₹35.21 Cr | 0.12% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹31.14 Cr | 0.10% |
| Jindal Stainless Ltd | Equity | ₹23.98 Cr | 0.08% |
| Aarti Industries Ltd | Equity | ₹22.52 Cr | 0.08% |
| V-Guard Industries Ltd | Equity | ₹8.69 Cr | 0.03% |
| Sundaram Fasteners Ltd | Equity | ₹0.5 Cr | 0.00% |
| Go Digit General Insurance Ltd | Equity | ₹0.42 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
20.57%
Mid Cap Stocks
70.70%
Small Cap Stocks
6.17%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹6,386.65 Cr | 21.28% |
| Industrials | ₹4,969.34 Cr | 16.56% |
| Financial Services | ₹4,555.59 Cr | 15.18% |
| Healthcare | ₹3,466.02 Cr | 11.55% |
| Basic Materials | ₹2,854.92 Cr | 9.51% |
| Technology | ₹2,787.6 Cr | 9.29% |
| Real Estate | ₹1,481.77 Cr | 4.94% |
| Utilities | ₹647.31 Cr | 2.16% |
| Communication Services | ₹644.38 Cr | 2.15% |
| Consumer Defensive | ₹309.52 Cr | 1.03% |
| Energy | ₹177.34 Cr | 0.59% |
Risk & Performance Ratios
Standard Deviation
This fund
14.04%
Cat. avg.
14.96%
Lower the better
Sharpe Ratio
This fund
0.81
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st October 2024
ISIN INF846K01EH3 | Expense Ratio 0.54% | Exit Load 1.00% | Fund Size ₹30,008 Cr | Age 11 years 10 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark S&P BSE Midcap 150 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Mid-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bandhan Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1493.79 Cr | 35.8% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1493.79 Cr | 37.9% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹20055.68 Cr | 58.4% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹15.15 Cr | - |
| Mirae Asset Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹16576.59 Cr | 26.2% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹16576.59 Cr | 27.6% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹30008.06 Cr | 34.5% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹3340.74 Cr | 38.0% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3340.74 Cr | 35.9% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4443.96 Cr | 28.1% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,29,913 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of Axis Midcap Fund Direct Growth?
The NAV of Axis Midcap Fund Direct Growth, as of 21-Nov-2024, is ₹124.28.
What are the returns of Axis Midcap Fund Direct Growth?
The fund has generated 35.96% over the last 1 year and 15.67% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Axis Midcap Fund Direct Growth?
The fund's allocation of assets is distributed as 94.46% in equities, 0.00% in bonds, and 5.54% in cash and cash equivalents.
Who manages the Axis Midcap Fund Direct Growth?
The fund managers responsible for Axis Midcap Fund Direct Growth are:-
- Shreyash Devalkar
- Nitin Arora
- Krishnaa N
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.