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Fund Overview

Fund Size

Fund Size

₹32,276 Cr

Expense Ratio

Expense Ratio

0.48%

ISIN

ISIN

INF846K01EH3

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

1.00%

Inception Date

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 13 years, 4 months and 30 days, having been launched on 01-Jan-13.
As of 31-May-26, it has a Net Asset Value (NAV) of ₹136.27, Assets Under Management (AUM) of 32276.32 Crores, and an expense ratio of 0.48%.
  • Axis Midcap Fund Direct Growth has given a CAGR return of 18.69% since inception.
  • The fund's asset allocation comprises around 95.39% in equities, 0.12% in debts, and 4.49% 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

+6.68%

+6.88% (Cat Avg.)

3 Years

+18.85%

+21.07% (Cat Avg.)

5 Years

+16.19%

+17.71% (Cat Avg.)

10 Years

+18.27%

+16.62% (Cat Avg.)

Since Inception

+18.69%

(Cat Avg.)

Portfolio Summaryas of 30th April 2026

Equity30,788.64 Cr95.39%
Debt38.84 Cr0.12%
Others1,448.85 Cr4.49%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Clearing Corporation Of India LtdCash - Repurchase Agreement2,834.28 Cr8.78%
Nifty May 2026 FutureEquity Index - Future1,820.76 Cr5.64%
Net Receivables / (Payables)Cash-1,650.23 Cr5.11%
The Federal Bank LtdEquity1,249.28 Cr3.87%
Fortis Healthcare LtdEquity1,148.83 Cr3.56%
Multi Commodity Exchange of India LtdEquity1,106.96 Cr3.43%
GE Vernova T&D India LtdEquity837.24 Cr2.59%
Schaeffler India LtdEquity727.4 Cr2.25%
BSE LtdEquity690.34 Cr2.14%
Indian Hotels Co LtdEquity653.84 Cr2.03%
Phoenix Mills LtdEquity631.95 Cr1.96%
Cummins India LtdEquity619.5 Cr1.92%
Ipca Laboratories LtdEquity613.19 Cr1.90%
Coromandel International LtdEquity591.8 Cr1.83%
Solar Industries India LtdEquity574.81 Cr1.78%
Apar Industries LtdEquity567.68 Cr1.76%
Hitachi Energy India Ltd Ordinary SharesEquity557.04 Cr1.73%
Torrent Power LtdEquity535.75 Cr1.66%
Premier Energies LtdEquity527.61 Cr1.63%
Bharat Heavy Electricals LtdEquity512.12 Cr1.59%
Sona BLW Precision Forgings LtdEquity495.93 Cr1.54%
Bharat Forge LtdEquity495.2 Cr1.53%
UNO Minda LtdEquity478.72 Cr1.48%
JK Cement LtdEquity469.27 Cr1.45%
Vishal Mega Mart LtdEquity443.7 Cr1.37%
TVS Motor Co LtdEquity424.7 Cr1.32%
Abbott India LtdEquity414.2 Cr1.28%
Bharti Hexacom LtdEquity406.69 Cr1.26%
Persistent Systems LtdEquity390.82 Cr1.21%
Indian BankEquity390.49 Cr1.21%
ICICI Lombard General Insurance Co LtdEquity386.17 Cr1.20%
SRF LtdEquity377.84 Cr1.17%
Blue Star LtdEquity369.08 Cr1.14%
Supreme Industries LtdEquity368.96 Cr1.14%
CG Power & Industrial Solutions LtdEquity366.86 Cr1.14%
PB Fintech LtdEquity353.02 Cr1.09%
Coforge LtdEquity341.56 Cr1.06%
AU Small Finance Bank LtdEquity338.52 Cr1.05%
Jindal Steel LtdEquity318.92 Cr0.99%
PI Industries LtdEquity317.09 Cr0.98%
Ashok Leyland LtdEquity314.64 Cr0.97%
KEI Industries LtdEquity310.67 Cr0.96%
Axis Money Market Dir GrMutual Fund - Open End303.64 Cr0.94%
Hindustan Petroleum Corp LtdEquity297.57 Cr0.92%
Bharat Electronics LtdEquity297.39 Cr0.92%
Lupin LtdEquity292.08 Cr0.90%
Alkem Laboratories LtdEquity280.45 Cr0.87%
Tube Investments of India Ltd Ordinary SharesEquity265.99 Cr0.82%
K.P.R. Mill LtdEquity257.19 Cr0.80%
Cholamandalam Financial Holdings LtdEquity256.3 Cr0.79%
FSN E-Commerce Ventures LtdEquity254.21 Cr0.79%
Shriram Finance LtdEquity254.15 Cr0.79%
Voltas LtdEquity251.08 Cr0.78%
L&T Finance LtdEquity242.31 Cr0.75%
Trent LtdEquity240.16 Cr0.74%
Eternal LtdEquity239.31 Cr0.74%
Bajaj Finance LtdEquity238.85 Cr0.74%
Mphasis LtdEquity238.03 Cr0.74%
Sundaram Finance LtdEquity227.82 Cr0.71%
Info Edge (India) LtdEquity222.22 Cr0.69%
Cholamandalam Investment and Finance Co LtdEquity216.52 Cr0.67%
Swiggy LtdEquity207.8 Cr0.64%
J.B. Chemicals & Pharmaceuticals LtdEquity201.25 Cr0.62%
3M India LtdEquity188.56 Cr0.58%
Oracle Financial Services Software LtdEquity181.35 Cr0.56%
Jubilant Foodworks LtdEquity173.37 Cr0.54%
Glenmark Pharmaceuticals LtdEquity170.91 Cr0.53%
ITC Hotels LtdEquity169.4 Cr0.52%
Page Industries LtdEquity162.99 Cr0.51%
Prestige Estates Projects LtdEquity161.16 Cr0.50%
ZF Commercial Vehicle Control Systems India LtdEquity157.77 Cr0.49%
ICICI Bank LtdEquity151.03 Cr0.47%
LG Electronics India LtdEquity143.37 Cr0.44%
Fine Organic Industries Ltd Ordinary SharesEquity140.96 Cr0.44%
Astral LtdEquity136.27 Cr0.42%
Endurance Technologies LtdEquity128.48 Cr0.40%
Anthem Biosciences LtdEquity118.83 Cr0.37%
Mankind Pharma LtdEquity115.29 Cr0.36%
Billionbrains Garage Ventures LtdEquity104.18 Cr0.32%
Balkrishna Industries LtdEquity101.5 Cr0.31%
L&T Technology Services LtdEquity97.66 Cr0.30%
Jyoti CNC Automation LtdEquity94.81 Cr0.29%
Radico Khaitan LtdEquity86.95 Cr0.27%
Indus Towers Ltd Ordinary SharesEquity81.07 Cr0.25%
Linde India LtdEquity71.84 Cr0.22%
Tata Communications LtdEquity67.81 Cr0.21%
ICICI Prudential Life Insurance Co LtdEquity47.34 Cr0.15%
Dixon Technologies (India) LtdEquity47.16 Cr0.15%
Future on BANK IndexEquity Index - Future43.53 Cr0.13%
Container Corporation of India LtdEquity41.27 Cr0.13%
KPIT Technologies LtdEquity32.09 Cr0.10%
Lenskart Solutions LtdEquity26.07 Cr0.08%
Future on Petronet LNG LtdEquity - Future25.72 Cr0.08%

Allocation By Market Cap (Equity)

Large Cap Stocks

13.70%

Mid Cap Stocks

72.44%

Small Cap Stocks

3.48%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services6,253.28 Cr19.37%
Industrials6,225.92 Cr19.29%
Consumer Cyclical6,062.75 Cr18.78%
Healthcare3,381.13 Cr10.48%
Basic Materials2,484.7 Cr7.70%
Technology1,999.66 Cr6.20%
Real Estate793.12 Cr2.46%
Communication Services777.8 Cr2.41%
Utilities535.75 Cr1.66%
Energy297.57 Cr0.92%
Consumer Defensive86.95 Cr0.27%

Risk & Performance Ratios

Standard Deviation

This fund

16.26%

Cat. avg.

18.27%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.84

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.33

Higher the better

Fund Managers

SD

Shreyash Devalkar

Since November 2016

Nitin Arora

Nitin Arora

Since August 2023

KN

Krishnaa N

Since March 2024

Additional Scheme Detailsas of 30th April 2026

ISIN
INF846K01EH3
Expense Ratio
0.48%
Exit Load
1.00%
Fund Size
₹32,276 Cr
Age
13 years 4 months
Lumpsum Minimum
₹100
Fund Status
Open Ended Investment Company
Benchmark
S&P BSE Midcap 150 TR INR

Investment ObjectiveInvestment 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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.

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1Y
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LIC MF Nifty Midcap 100 ETF

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HDFC NIFTY Midcap 150 ETF

Very High Risk

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UTI Nifty Midcap 150 ETF

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0.3%-₹13.35 Cr7.1%
Invesco India Mid Cap Fund Regular Growth

Very High Risk

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HSBC Midcap Fund Direct Growth

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Canara Robeco Mid Cap Fund Regular Growth

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Canara Robeco Mid Cap Fund Direct Growth

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ICICI Prudential Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹7556.68 Cr18.4%
Nippon India Growth Fund Direct Growth

Very High Risk

0.6%1.0%₹45820.33 Cr9.3%
Edelweiss Mid Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹15810.76 Cr8.9%
Invesco India Mid Cap Fund Direct Growth

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0.5%1.0%₹11767.30 Cr10.2%
Kotak Emerging Equity Scheme Direct Growth

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0.4%1.0%₹63539.49 Cr8.3%
JM Midcap Fund Regular Growth

Very High Risk

2.3%1.0%₹1161.71 Cr7.5%
JM Midcap Fund Direct Growth

Very High Risk

0.8%1.0%₹1161.71 Cr9.1%
Mirae Asset Nifty Midcap 150 ETF

Very High Risk

0.1%-₹1690.24 Cr7.3%
DSP Midcap Fund Regular Growth

Very High Risk

1.4%1.0%₹19458.97 Cr4.1%
Kotak Emerging Equity Scheme Regular Growth

Very High Risk

1.4%1.0%₹63539.49 Cr7.2%
ICICI Prudential Midcap Select ETF

Very High Risk

0.1%-₹79.99 Cr36.3%
ICICI Prudential Nifty Midcap 150 ETF

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0.1%-₹424.94 Cr26.8%
HDFC Mid-Cap Opportunities Fund Regular Growth

Very High Risk

1.3%1.0%₹94744.72 Cr6.0%
Nippon India ETF Nifty Midcap 150

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0.2%-₹3322.95 Cr7.1%
UTI Mid Cap Fund Direct Growth

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1.3%1.0%₹11679.71 Cr2.7%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹32276.32 Cr6.7%
HDFC Mid-Cap Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹94744.72 Cr6.7%
Aditya Birla Sun Life Mid Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹6290.41 Cr6.0%
Baroda BNP Paribas Mid Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹2389.18 Cr11.6%
SBI Magnum Midcap Fund Direct Growth

Very High Risk

0.8%0.0%₹23247.37 Cr1.6%
Sundaram Mid Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹13378.01 Cr7.9%
Tata Mid Cap Growth Fund Direct Growth

Very High Risk

0.6%0.0%₹5604.35 Cr8.9%
Taurus Discovery (Midcap) Fund Direct Growth

Very High Risk

1.7%1.0%₹122.77 Cr-2.4%
DSP Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹19458.97 Cr5.1%
Quant Mid Cap Fund Direct Growth

Very High Risk

1.8%0.0%₹7904.71 Cr1.3%
Franklin India Prima Fund Direct Growth

Very High Risk

0.8%1.0%₹12102.39 Cr0.2%
Motilal Oswal Nifty Midcap 100 ETF

Very High Risk

0.2%-₹833.09 Cr7.9%
Union Midcap Fund Regular Growth

Very High Risk

1.8%1.0%₹1705.41 Cr8.6%
Union Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹1705.41 Cr10.1%
Edelweiss Mid Cap Fund Regular Growth

Very High Risk

1.8%1.0%₹15810.76 Cr7.6%

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,22,682 Cr

Address

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

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Nifty Capital Markets Index Fund Direct Growth

Very High Risk

-0.0%--
Axis Nifty India Defence Index Fund Direct Growth

Very High Risk

1.0%0.0%₹221.98 Cr-
Axis Fixed Maturity Plan Series 130 92 Days Direct Growth

Low to Moderate Risk

-0.0%--
Axis Fixed Maturity Plan Series 129 108 Days Direct Growth

Low to Moderate Risk

-0.0%--
Axis BSE India Sector Leaders Index Fund Direct Growth

Very High Risk

0.2%0.0%₹34.32 Cr-
Axis Gold and Silver Passive FoF Direct Growth

Very High Risk

0.1%0.0%₹549.58 Cr-
Axis Multi-Asset Active FoF Direct Growth

Very High Risk

0.1%1.0%₹1374.42 Cr-
Axis Income Plus Arbitrage Passive Fund of Funds Direct Growth

Low to Moderate Risk

0.0%0.0%₹97.46 Cr-
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹259.38 Cr-
Axis Nifty500 Quality 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹77.90 Cr-
Axis Services Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹1576.93 Cr-
Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund Direct Growth

Moderate Risk

-0.0%--
Axis Nifty500 Momentum 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹146.60 Cr0.9%
Axis CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹37.02 Cr5.9%
Axis Momentum Fund Direct Growth

Very High Risk

0.8%1.0%₹1018.16 Cr-1.7%
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹16.53 Cr5.5%
Axis Nifty500 Value 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹195.23 Cr21.4%
Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1694.23 Cr6.1%
Axis Consumption Fund Direct Growth

Very High Risk

0.6%1.0%₹2869.48 Cr-3.0%
Axis Nifty 500 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹301.51 Cr-0.0%
Axis Nifty Bank Index Fund Direct Growth

Very High Risk

0.4%0.0%₹155.18 Cr-2.2%
Axis CRISIL IBX SDL June 2034 Debt Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹8.30 Cr4.3%
Axis S&P BSE Sensex Index Fund Direct Growth

Very High Risk

0.1%0.0%₹52.24 Cr-7.2%
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 119 71 Days Direct Growth

Low to Moderate Risk

----
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹39.06 Cr15.9%
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.6%1.0%₹5206.25 Cr13.1%
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 Cr6.5%
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 Risk

-0.0%₹76.51 Cr6.0%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low Risk

0.2%0.0%₹65.79 Cr5.7%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹12530.68 Cr4.1%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.7%1.0%₹2290.77 Cr30.8%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹615.46 Cr4.8%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹12545.58 Cr0.5%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹21116.29 Cr6.0%
Axis Equity Hybrid Fund Direct Growth

High Risk

1.2%1.0%₹1451.45 Cr-0.8%
Axis Special Situations Fund Direct Growth

Very High Risk

1.2%1.0%₹1176.60 Cr5.7%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹8888.23 Cr4.3%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹1072.22 Cr-2.3%
Axis Arbitrage Fund Direct Growth

Low Risk

1.8%0.0%₹9717.75 Cr6.1%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.4%1.0%₹3858.86 Cr60.8%
Axis Value Fund Direct Growth

Very High Risk

1.0%1.0%₹1523.46 Cr6.1%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderate Risk

0.1%0.0%₹2117.73 Cr4.8%
Axis Quant Fund Direct Growth

Very High Risk

0.9%1.0%₹822.99 Cr3.1%
Axis Gilt Fund Direct Growth

Moderate Risk

0.5%0.0%₹438.39 Cr0.8%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹30498.17 Cr-3.6%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1053.44 Cr3.2%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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What is the current NAV of Axis Midcap Fund Direct Growth?

img
The NAV of Axis Midcap Fund Direct Growth, as of 31-May-2026, is ₹136.27.
The fund has generated 6.68% over the last 1 year and 18.85% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 95.39% in equities, 0.12% in bonds, and 4.49% in cash and cash equivalents.
The fund managers responsible for Axis Midcap Fund Direct Growth are:-
  1. Shreyash Devalkar
  2. Nitin Arora
  3. Krishnaa N
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