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Fund Overview
Fund Size
₹33,528 Cr
Expense Ratio
0.84%
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 13 years, 9 months and 27 days, having been launched on 01-Jan-13.
As of 27-Oct-26, it has a Net Asset Value (NAV) of ₹135.44, Assets Under Management (AUM) of 33527.80 Crores, and an expense ratio of 0.84%.
As of 27-Oct-26, it has a Net Asset Value (NAV) of ₹135.44, Assets Under Management (AUM) of 33527.80 Crores, and an expense ratio of 0.84%.
- Axis Midcap Fund Direct Growth has given a CAGR return of 18.04% since inception.
- The fund's asset allocation comprises around 90.25% in equities, 0.12% in debts, and 9.62% 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
+0.60%
— (Cat Avg.)
3 Years
+15.85%
+14.40% (Cat Avg.)
5 Years
+11.57%
+12.24% (Cat Avg.)
10 Years
+16.97%
+14.10% (Cat Avg.)
Since Inception
+18.04%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2026
| Equity | ₹30,260.44 Cr | 90.25% |
| Debt | ₹41.48 Cr | 0.12% |
| Others | ₹3,225.89 Cr | 9.62% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹2,666.16 Cr | 7.95% |
| The Federal Bank Ltd | Equity | ₹1,334.38 Cr | 3.98% |
| Apar Industries Ltd | Equity | ₹951.03 Cr | 2.84% |
| Sona BLW Precision Forgings Ltd | Equity | ₹902.12 Cr | 2.69% |
| Fortis Healthcare Ltd | Equity | ₹875.93 Cr | 2.61% |
| GE Vernova T&D India Ltd | Equity | ₹807.24 Cr | 2.41% |
| Indian Hotels Co Ltd | Equity | ₹797.78 Cr | 2.38% |
| Ipca Laboratories Ltd | Equity | ₹771.85 Cr | 2.30% |
| Phoenix Mills Ltd | Equity | ₹769.12 Cr | 2.29% |
| Lenskart Solutions Ltd | Equity | ₹744.92 Cr | 2.22% |
| Eternal Ltd | Equity | ₹691.43 Cr | 2.06% |
| Bharat Heavy Electricals Ltd | Equity | ₹649.71 Cr | 1.94% |
| Bharat Forge Ltd | Equity | ₹630.93 Cr | 1.88% |
| Solar Industries India Ltd | Equity | ₹622.29 Cr | 1.86% |
| Radico Khaitan Ltd | Equity | ₹599.59 Cr | 1.79% |
| ICICI Bank Ltd | Equity | ₹575 Cr | 1.71% |
| FSN E-Commerce Ventures Ltd | Equity | ₹564.77 Cr | 1.68% |
| Cummins India Ltd | Equity | ₹559.93 Cr | 1.67% |
| Multi Commodity Exchange of India Ltd | Equity | ₹543.64 Cr | 1.62% |
| Marico Ltd | Equity | ₹530.6 Cr | 1.58% |
| Dixon Technologies (India) Ltd | Equity | ₹524.99 Cr | 1.57% |
| UNO Minda Ltd | Equity | ₹518.45 Cr | 1.55% |
| Coforge Ltd | Equity | ₹510.92 Cr | 1.52% |
| Schaeffler India Ltd | Equity | ₹508.54 Cr | 1.52% |
| PB Fintech Ltd | Equity | ₹481.23 Cr | 1.44% |
| Alkem Laboratories Ltd | Equity | ₹460.6 Cr | 1.37% |
| Bajaj Finance Ltd | Equity | ₹453.94 Cr | 1.35% |
| Premier Energies Ltd | Equity | ₹450.89 Cr | 1.34% |
| AU Small Finance Bank Ltd | Equity | ₹413.03 Cr | 1.23% |
| Indo MIM Ltd | Equity | ₹411.85 Cr | 1.23% |
| Torrent Power Ltd | Equity | ₹394.62 Cr | 1.18% |
| Ather Energy Ltd | Equity | ₹379.89 Cr | 1.13% |
| Info Edge (India) Ltd | Equity | ₹376.45 Cr | 1.12% |
| Abbott India Ltd | Equity | ₹370.43 Cr | 1.10% |
| JK Cement Ltd | Equity | ₹370.05 Cr | 1.10% |
| TVS Motor Co Ltd | Equity | ₹357.35 Cr | 1.07% |
| Vishal Mega Mart Ltd | Equity | ₹348.47 Cr | 1.04% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹348.24 Cr | 1.04% |
| BSE Ltd | Equity | ₹344.9 Cr | 1.03% |
| SRF Ltd | Equity | ₹344.03 Cr | 1.03% |
| One97 Communications Ltd | Equity | ₹338.62 Cr | 1.01% |
| InterGlobe Aviation Ltd | Equity | ₹334.26 Cr | 1.00% |
| Coromandel International Ltd | Equity | ₹326.21 Cr | 0.97% |
| Supreme Industries Ltd | Equity | ₹324.74 Cr | 0.97% |
| K.P.R. Mill Ltd | Equity | ₹318.77 Cr | 0.95% |
| Axis Money Market Dir Gr | Mutual Fund - Open End | ₹312.7 Cr | 0.93% |
| Page Industries Ltd | Equity | ₹304.56 Cr | 0.91% |
| Bharti Hexacom Ltd | Equity | ₹303.67 Cr | 0.91% |
| CG Power & Industrial Solutions Ltd | Equity | ₹292.57 Cr | 0.87% |
| Dhoot Transmission Ltd | Equity | ₹288.92 Cr | 0.86% |
| Net Receivables / (Payables) | Cash | ₹288.5 Cr | 0.86% |
| Gland Pharma Ltd | Equity | ₹261.36 Cr | 0.78% |
| Meesho Ltd | Equity | ₹256.79 Cr | 0.77% |
| Bosch Ltd | Equity | ₹242.08 Cr | 0.72% |
| Torrent Pharmaceuticals Ltd | Equity | ₹241.1 Cr | 0.72% |
| L&T Finance Ltd | Equity | ₹237.15 Cr | 0.71% |
| Billionbrains Garage Ventures Ltd | Equity | ₹232.71 Cr | 0.69% |
| Mphasis Ltd | Equity | ₹220.9 Cr | 0.66% |
| Sundaram Finance Ltd | Equity | ₹218.79 Cr | 0.65% |
| Craftsman Automation Ltd | Equity | ₹213.67 Cr | 0.64% |
| 3M India Ltd | Equity | ₹182.1 Cr | 0.54% |
| Blue Star Ltd | Equity | ₹176.68 Cr | 0.53% |
| PI Industries Ltd | Equity | ₹167.02 Cr | 0.50% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹163.87 Cr | 0.49% |
| Mankind Pharma Ltd | Equity | ₹161.9 Cr | 0.48% |
| Aster DM Quality Care Ltd Ordinary Shares | Equity | ₹159.23 Cr | 0.47% |
| Anthem Biosciences Ltd | Equity | ₹159.04 Cr | 0.47% |
| LG Electronics India Ltd | Equity | ₹155.12 Cr | 0.46% |
| Fine Organic Industries Ltd Ordinary Shares | Equity | ₹146.93 Cr | 0.44% |
| Voltas Ltd | Equity | ₹141.84 Cr | 0.42% |
| Indian Bank | Equity | ₹128.87 Cr | 0.38% |
| Trent Ltd | Equity | ₹124.43 Cr | 0.37% |
| Navin Fluorine International Ltd | Equity | ₹121.03 Cr | 0.36% |
| Astral Ltd | Equity | ₹107.69 Cr | 0.32% |
| IndusInd Bank Ltd | Equity | ₹97.17 Cr | 0.29% |
| Hindustan Petroleum Corp Ltd | Equity | ₹95.22 Cr | 0.28% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹91.81 Cr | 0.27% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹89.26 Cr | 0.27% |
| Global Health Ltd | Equity | ₹86.2 Cr | 0.26% |
| TD Power Systems Ltd | Equity | ₹83.16 Cr | 0.25% |
| Swiggy Ltd | Equity | ₹77.23 Cr | 0.23% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹74.74 Cr | 0.22% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹72.17 Cr | 0.22% |
| Aditya Infotech Ltd | Equity | ₹56.86 Cr | 0.17% |
| Piramal Finance Ltd | Equity | ₹49.54 Cr | 0.15% |
| RBL Bank Ltd | Equity | ₹37.5 Cr | 0.11% |
| Linde India Ltd | Equity | ₹5.85 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
17.22%
Mid Cap Stocks
65.38%
Small Cap Stocks
5.57%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹7,109.28 Cr | 21.20% |
| Industrials | ₹5,987.51 Cr | 17.86% |
| Financial Services | ₹5,841.03 Cr | 17.42% |
| Healthcare | ₹4,292.55 Cr | 12.80% |
| Technology | ₹2,201.44 Cr | 6.57% |
| Basic Materials | ₹1,759.37 Cr | 5.25% |
| Consumer Defensive | ₹1,130.19 Cr | 3.37% |
| Real Estate | ₹769.12 Cr | 2.29% |
| Communication Services | ₹680.12 Cr | 2.03% |
| Utilities | ₹394.62 Cr | 1.18% |
| Energy | ₹95.22 Cr | 0.28% |
Risk & Performance Ratios
Standard Deviation
This fund
16.67%
Cat. avg.
18.41%
Lower the better
Sharpe Ratio
This fund
0.57
Cat. avg.
0.49
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.75
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th September 2026
ISIN INF846K01EH3 | Expense Ratio 0.84% | Exit Load 1.00% | Fund Size ₹33,528 Cr | Age 13 years 9 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark BSE 150 MidCap 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  |
|---|---|---|---|---|
| The Wealth Company Mid Cap Fund Regular Growth Very High Risk | 5.0% | 1.0% | ₹172.26 Cr | - |
| The Wealth Company Mid Cap Fund Direct Growth Very High Risk | 3.0% | 1.0% | ₹172.26 Cr | - |
| SBI Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹13.14 Cr | - |
| Kotak Nifty Midcap 50 ETF Very High Risk | 0.3% | - | ₹201.84 Cr | -2.6% |
| TRUSTMF Mid Cap Fund Direct Growth Very High Risk | 1.9% | 1.0% | ₹686.54 Cr | - |
| TRUSTMF Mid Cap Fund Regular Growth Very High Risk | 3.5% | 1.0% | ₹686.54 Cr | - |
| Samco Mid Cap Fund Direct Growth Very High Risk | 1.6% | 1.0% | ₹75.43 Cr | - |
| Samco Mid Cap Fund Regular Growth Very High Risk | 3.0% | 1.0% | ₹75.43 Cr | - |
| DSP Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹14.02 Cr | - |
| Groww Nifty Midcap 150 ETF Very High Risk | 0.3% | - | ₹6.04 Cr | - |
| Bank of India Mid Cap Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹729.06 Cr | -1.5% |
| Bank of India Mid Cap Fund Regular Growth Very High Risk | 2.5% | 1.0% | ₹729.06 Cr | -2.6% |
| Kotak Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹14.19 Cr | -4.3% |
| Helios Mid Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹2348.22 Cr | 1.0% |
| Helios Mid Cap Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹2348.22 Cr | -0.5% |
| ICICI Prudential Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹741.81 Cr | -4.4% |
| ICICI Prudential Midcap Select ETF Very High Risk | 0.2% | - | ₹111.71 Cr | -1.2% |
| Zerodha Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹265.22 Cr | -3.7% |
| LIC MF Nifty Midcap 100 ETF Very High Risk | 0.2% | - | ₹629.31 Cr | -4.5% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹156.83 Cr | -4.4% |
| UTI Nifty Midcap 150 ETF Very High Risk | 0.3% | - | ₹13.31 Cr | -4.4% |
| Invesco India Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹15748.83 Cr | -2.8% |
| HSBC Midcap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹16799.59 Cr | 10.1% |
| Canara Robeco Mid Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹4992.95 Cr | -3.6% |
| Canara Robeco Mid Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹4992.95 Cr | -2.4% |
| ICICI Prudential Midcap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹7960.87 Cr | 1.4% |
| Nippon India Growth Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹50176.01 Cr | -1.6% |
| Edelweiss Mid Cap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹19250.49 Cr | -2.0% |
| Invesco India Mid Cap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹15748.83 Cr | -1.6% |
| Kotak Emerging Equity Scheme Direct Growth Very High Risk | 0.5% | 1.0% | ₹66613.26 Cr | -4.6% |
| JM Midcap Fund Regular Growth High Risk | 2.5% | 1.0% | ₹1303.39 Cr | -1.3% |
| JM Midcap Fund Direct Growth High Risk | 0.9% | 1.0% | ₹1303.39 Cr | 0.2% |
| Mirae Asset Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹1817.78 Cr | -4.3% |
| DSP Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹19487.69 Cr | -5.3% |
| Kotak Emerging Equity Scheme Regular Growth Very High Risk | 1.5% | 1.0% | ₹66613.26 Cr | -5.5% |
| ICICI Prudential Midcap Select ETF Very High Risk | 0.1% | - | ₹79.99 Cr | 36.3% |
| ICICI Prudential Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹424.94 Cr | 26.8% |
| HDFC Mid-Cap Opportunities Fund Regular Growth Very High Risk | 1.3% | 1.0% | ₹101856.06 Cr | -3.1% |
| Nippon India ETF Nifty Midcap 150 Very High Risk | 0.2% | - | ₹3820.95 Cr | -4.3% |
| UTI Mid Cap Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹11919.69 Cr | -4.4% |
| Axis Midcap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹33527.80 Cr | 0.6% |
| HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹101856.06 Cr | -2.5% |
| Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk | 1.2% | 1.0% | ₹6550.01 Cr | -2.4% |
| Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹2503.01 Cr | 0.8% |
| SBI Magnum Midcap Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹23282.20 Cr | -4.3% |
| Sundaram Mid Cap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹13854.06 Cr | -4.5% |
| Tata Mid Cap Growth Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹5859.97 Cr | -2.2% |
| Taurus Discovery (Midcap) Fund Direct Growth Very High Risk | 2.4% | 1.0% | ₹137.53 Cr | -1.6% |
| DSP Midcap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹19487.69 Cr | -4.4% |
| Quant Mid Cap Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹7653.83 Cr | -2.7% |
About the AMC
Axis Mutual Fund
Total AUM
₹4,02,292 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
Take control of your wealth
Related Articles
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 27-Oct-2026, is ₹135.44.
What are the returns of Axis Midcap Fund Direct Growth?
The fund has generated 0.60% over the last 1 year and 15.85% 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 90.25% in equities, 0.12% in bonds, and 9.62% 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
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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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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 Pvt. Ltd. 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.
