Axis Midcap Fund Direct Growth

Fund Overview

Fund Size

₹28,063 Cr

Expense Ratio

0.55%

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 12 years, 3 months and 18 days, having been launched on 01-Jan-13.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹118.24, Assets Under Management (AUM) of 28063.01 Crores, and an expense ratio of 0.55%.

Axis Midcap Fund Direct Growth has given a CAGR return of 19.18% since inception.
The fund's asset allocation comprises around 88.17% in equities, 0.00% in debts, and 11.83% 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

+11.57%

+7.36% (Cat Avg.)

3 Years

+16.01%

+17.86% (Cat Avg.)

5 Years

+25.35%

+29.08% (Cat Avg.)

10 Years

+16.14%

+14.93% (Cat Avg.)

Since Inception

+19.18%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity	₹24,743.29 Cr	88.17%
Others	₹3,319.72 Cr	11.83%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹3,331.19 Cr	11.87%
Fortis Healthcare Ltd	Equity	₹928.76 Cr	3.31%
Indian Hotels Co Ltd	Equity	₹891.68 Cr	3.18%
Persistent Systems Ltd	Equity	₹806.68 Cr	2.87%
Coromandel International Ltd	Equity	₹771.73 Cr	2.75%
The Federal Bank Ltd	Equity	₹608.86 Cr	2.17%
Bharti Hexacom Ltd	Equity	₹601.8 Cr	2.14%
JK Cement Ltd	Equity	₹601.44 Cr	2.14%
Lupin Ltd	Equity	₹591.6 Cr	2.11%
Solar Industries India Ltd	Equity	₹565.83 Cr	2.02%
Cholamandalam Investment and Finance Co Ltd	Equity	₹556.04 Cr	1.98%
Abbott India Ltd	Equity	₹504.52 Cr	1.80%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹501.96 Cr	1.79%
PB Fintech Ltd	Equity	₹491.28 Cr	1.75%
Premier Energies Ltd	Equity	₹489.32 Cr	1.74%
TVS Motor Co Ltd	Equity	₹472.69 Cr	1.68%
Bajaj Finance Ltd	Equity	₹465.31 Cr	1.66%
PI Industries Ltd	Equity	₹459.79 Cr	1.64%
Dixon Technologies (India) Ltd	Equity	₹450 Cr	1.60%
UNO Minda Ltd	Equity	₹447.86 Cr	1.60%
Schaeffler India Ltd	Equity	₹444.77 Cr	1.58%
Alkem Laboratories Ltd	Equity	₹435.02 Cr	1.55%
Phoenix Mills Ltd	Equity	₹411.24 Cr	1.47%
Blue Star Ltd	Equity	₹407.96 Cr	1.45%
Trent Ltd	Equity	₹399.26 Cr	1.42%
Coforge Ltd	Equity	₹398.33 Cr	1.42%
Voltas Ltd	Equity	₹381.34 Cr	1.36%
Torrent Power Ltd	Equity	₹364.04 Cr	1.30%
Supreme Industries Ltd	Equity	₹350.89 Cr	1.25%
CG Power & Industrial Solutions Ltd	Equity	₹346.27 Cr	1.23%
ICICI Lombard General Insurance Co Ltd	Equity	₹341.62 Cr	1.22%
GE Vernova T&D India Ltd	Equity	₹307.89 Cr	1.10%
BSE Ltd	Equity	₹302.14 Cr	1.08%
Sona BLW Precision Forgings Ltd	Equity	₹283.55 Cr	1.01%
Balkrishna Industries Ltd	Equity	₹282.29 Cr	1.01%
Vishal Mega Mart Ltd	Equity	₹265.6 Cr	0.95%
Jubilant Foodworks Ltd	Equity	₹259.92 Cr	0.93%
Bharat Electronics Ltd	Equity	₹259.86 Cr	0.93%
REC Ltd	Equity	₹246.84 Cr	0.88%
Page Industries Ltd	Equity	₹244.58 Cr	0.87%
Ipca Laboratories Ltd	Equity	₹244.38 Cr	0.87%
Sundaram Finance Ltd	Equity	₹239.99 Cr	0.86%
ICICI Bank Ltd	Equity	₹234.4 Cr	0.84%
Mphasis Ltd	Equity	₹232.02 Cr	0.83%
Hitachi Energy India Ltd Ordinary Shares	Equity	₹231.35 Cr	0.82%
Oracle Financial Services Software Ltd	Equity	₹225.75 Cr	0.80%
Cummins India Ltd	Equity	₹216.02 Cr	0.77%
Indian Bank	Equity	₹203.62 Cr	0.73%
K.P.R. Mill Ltd	Equity	₹194.96 Cr	0.69%
Oberoi Realty Ltd	Equity	₹174.91 Cr	0.62%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹164.12 Cr	0.58%
Godrej Properties Ltd	Equity	₹163.42 Cr	0.58%
Apar Industries Ltd	Equity	₹160.51 Cr	0.57%
3M India Ltd	Equity	₹158.76 Cr	0.57%
ITC Hotels Ltd	Equity	₹158.33 Cr	0.56%
Colgate-Palmolive (India) Ltd	Equity	₹151.87 Cr	0.54%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹148.75 Cr	0.53%
Multi Commodity Exchange of India Ltd	Equity	₹145.25 Cr	0.52%
Astral Ltd	Equity	₹145 Cr	0.52%
HDFC Asset Management Co Ltd	Equity	₹144.5 Cr	0.51%
HDFC Life Insurance Co Ltd	Equity	₹144.16 Cr	0.51%
Zydus Lifesciences Ltd	Equity	₹131.35 Cr	0.47%
Eternal Ltd	Equity	₹129.37 Cr	0.46%
Hindustan Petroleum Corp Ltd	Equity	₹128.51 Cr	0.46%
Prestige Estates Projects Ltd	Equity	₹123.49 Cr	0.44%
Fine Organic Industries Ltd Ordinary Shares	Equity	₹123.31 Cr	0.44%
Bharat Forge Ltd	Equity	₹123.24 Cr	0.44%
J.B. Chemicals & Pharmaceuticals Ltd	Equity	₹118.12 Cr	0.42%
Jyoti CNC Automation Ltd	Equity	₹116.37 Cr	0.41%
Jindal Steel & Power Ltd	Equity	₹114.43 Cr	0.41%
Info Edge (India) Ltd	Equity	₹113.65 Cr	0.40%
Grindwell Norton Ltd	Equity	₹110.02 Cr	0.39%
L&T Technology Services Ltd	Equity	₹109.26 Cr	0.39%
Honeywell Automation India Ltd	Equity	₹100.75 Cr	0.36%
Mahindra & Mahindra Financial Services Ltd	Equity	₹96.68 Cr	0.34%
KEI Industries Ltd	Equity	₹94.28 Cr	0.34%
Samvardhana Motherson International Ltd	Equity	₹92.37 Cr	0.33%
Linde India Ltd	Equity	₹87.52 Cr	0.31%
KPIT Technologies Ltd	Equity	₹85.52 Cr	0.30%
Hexaware Technologies Ltd Ordinary Shares	Equity	₹83.7 Cr	0.30%
Granules India Ltd	Equity	₹74.02 Cr	0.26%
Tech Mahindra Ltd	Equity	₹74 Cr	0.26%
Tata Communications Ltd	Equity	₹71.21 Cr	0.25%
Sumitomo Chemical India Ltd Ordinary Shares	Equity	₹65.71 Cr	0.23%
Container Corporation of India Ltd	Equity	₹65.36 Cr	0.23%
Endurance Technologies Ltd	Equity	₹64.03 Cr	0.23%
SRF Ltd	Equity	₹60.47 Cr	0.22%
Ajanta Pharma Ltd	Equity	₹55.92 Cr	0.20%
Carborundum Universal Ltd	Equity	₹54.7 Cr	0.19%
Timken India Ltd	Equity	₹44.06 Cr	0.16%
Oil India Ltd	Equity	₹34.02 Cr	0.12%
Shriram Finance Ltd	Equity	₹33.86 Cr	0.12%
Suzlon Energy Ltd	Equity	₹24.75 Cr	0.09%
Varun Beverages Ltd	Equity	₹24.48 Cr	0.09%
Jindal Stainless Ltd	Equity	₹20.65 Cr	0.07%
SKF India Ltd	Equity	₹18.75 Cr	0.07%
Aarti Industries Ltd	Equity	₹17.23 Cr	0.06%
Craftsman Automation Ltd	Equity	₹15.66 Cr	0.06%
Net Receivables / (Payables)	Cash - Collateral	₹-11.47 Cr	0.04%
Brigade Enterprises Ltd	Equity	₹7.64 Cr	0.03%
V-Guard Industries Ltd	Equity	₹7.11 Cr	0.03%
Motherson Sumi Wiring India Ltd	Equity	₹2.41 Cr	0.01%
Berger Paints India Ltd	Equity	₹2.37 Cr	0.01%
Sundaram Fasteners Ltd	Equity	₹0.34 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹5,318.37 Cr	18.95%
Financial Services	₹4,254.55 Cr	15.16%
Healthcare	₹3,585.66 Cr	12.78%
Industrials	₹3,429.86 Cr	12.22%
Technology	₹2,954.58 Cr	10.53%
Basic Materials	₹2,830.01 Cr	10.08%
Real Estate	₹880.69 Cr	3.14%
Communication Services	₹786.65 Cr	2.80%
Utilities	₹364.04 Cr	1.30%
Consumer Defensive	₹176.35 Cr	0.63%
Energy	₹162.53 Cr	0.58%

Risk & Performance Ratios

Fund Managers

Shreyash Devalkar

Since November 2016

Nitin Arora

Since August 2023

Krishnaa N

Since March 2024

Additional Scheme Detailsas of 31st March 2025

ISIN

INF846K01EH3

Expense Ratio

0.55%

Exit Load

1.00%

Fund Size

₹28,063 Cr

Age

12 years 3 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
Kotak Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹0.82 Cr	-
Helios Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹57.09 Cr	-
Helios Mid Cap Fund Regular Growth Very High Risk	2.4%	1.0%	₹57.09 Cr	-
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹412.20 Cr	6.8%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹76.76 Cr	6.8%
Zerodha Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹53.36 Cr	-
LIC MF Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹640.82 Cr	7.1%
HDFC NIFTY Midcap 150 ETF Very High Risk	0.2%	-	₹75.63 Cr	6.7%
UTI Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹8.87 Cr	6.8%
Invesco India Mid Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹5779.32 Cr	18.4%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹3,02,943 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹58.11 Cr	10.4%
Axis India Manufacturing Fund Direct Growth Very High Risk	0.5%	1.0%	₹5297.79 Cr	7.9%
Axis Fixed Term Plan Series 118 100 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 113 1228 Days Direct Growth Low to Moderate Risk	-	0.0%	₹92.41 Cr	8.2%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 105 1128 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 112 1143 Days Direct Growth Low to Moderate Risk	-	0.0%	₹76.51 Cr	8.1%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹75.71 Cr	8.6%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹12961.49 Cr	9.2%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹807.68 Cr	8.5%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹430.80 Cr	3.4%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12039.75 Cr	12.3%
Axis Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹14611.11 Cr	8.2%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.1%	1.0%	₹1520.96 Cr	12.5%
Axis Special Situations Fund Direct Growth Very High Risk	1.3%	1.0%	₹1091.24 Cr	6.9%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹6202.78 Cr	10.3%
Axis ESG Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹1213.83 Cr	8.0%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹5746.00 Cr	7.9%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.5%	1.0%	₹451.92 Cr	11.5%
Axis Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹815.71 Cr	13.8%
Axis All Seasons Debt Fund of Funds Direct Growth Moderate Risk	0.2%	0.0%	₹151.49 Cr	10.7%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹868.45 Cr	12.3%
Axis Bluechip Fund Direct Growth Very High Risk	0.7%	1.0%	₹32349.42 Cr	8.6%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1355.48 Cr	10.7%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹944.45 Cr	28.5%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹12346.51 Cr	7.7%
Axis Regular Saver Fund Direct Growth Very High Risk	0.9%	1.0%	₹272.16 Cr	10.9%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.5%	1.0%	₹1898.61 Cr	10.6%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹34176.50 Cr	8.8%
Axis Short Term Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹9024.40 Cr	9.9%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹32608.90 Cr	7.4%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.0%	1.0%	₹1348.35 Cr	11.6%
Axis Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹28063.01 Cr	11.6%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5830.11 Cr	8.3%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.0%	1.0%	₹940.08 Cr	9.2%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹2807.81 Cr	14.8%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.3%	0.0%	₹396.04 Cr	7.8%
Axis Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹125.73 Cr	1.1%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹32.84 Cr	9.4%
Axis Credit Risk Fund Direct Growth High Risk	0.8%	1.0%	₹360.19 Cr	9.7%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹4800.70 Cr	8.0%
Axis Multicap Fund Direct Growth Very High Risk	0.8%	1.0%	₹6979.46 Cr	14.4%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹75.81 Cr	10.0%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹275.75 Cr	7.8%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.2%	0.0%	₹80.72 Cr	14.0%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹306.38 Cr	3.9%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹457.26 Cr	7.3%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹392.46 Cr	12.4%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹648.61 Cr	8.8%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
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 17-Apr-2025, is ₹118.24.

What are the returns of Axis Midcap Fund Direct Growth?

The fund has generated 11.57% over the last 1 year and 16.01% 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 88.17% in equities, 0.00% in bonds, and 11.83% 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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Fund Overview

Fund Size

₹28,063 Cr

Expense Ratio

0.55%

ISIN

INF846K01EH3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Very High Risk