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Fund Overview

Fund Size

Fund Size

₹31,977 Cr

Expense Ratio

Expense Ratio

0.55%

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 and 3 months, having been launched on 01-Jan-13.
As of 31-Mar-26, it has a Net Asset Value (NAV) of ₹120.14, Assets Under Management (AUM) of 31977.12 Crores, and an expense ratio of 0.55%.
  • Axis Midcap Fund Direct Growth has given a CAGR return of 17.82% since inception.
  • The fund's asset allocation comprises around 91.83% in equities, 0.20% in debts, and 7.94% 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

+2.38%

+0.99% (Cat Avg.)

3 Years

+18.07%

+19.33% (Cat Avg.)

5 Years

+14.74%

+16.04% (Cat Avg.)

10 Years

+17.48%

+15.71% (Cat Avg.)

Since Inception

+17.82%

(Cat Avg.)

Portfolio Summaryas of 28th February 2026

Equity29,363.87 Cr91.83%
Debt65.34 Cr0.20%
Others2,541.01 Cr7.95%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Clearing Corporation Of India LtdCash - Repurchase Agreement3,358.99 Cr10.50%
The Federal Bank LtdEquity1,272.54 Cr3.98%
Fortis Healthcare LtdEquity1,231.17 Cr3.85%
Net Receivables / (Payables)Cash - Collateral-1,053.35 Cr3.29%
Multi Commodity Exchange of India LtdEquity872.03 Cr2.73%
GE Vernova T&D India LtdEquity763.42 Cr2.39%
Schaeffler India LtdEquity735.05 Cr2.30%
Indian Hotels Co LtdEquity721.23 Cr2.26%
Nifty Bank Future Mar 26Equity Index - Future629.59 Cr1.97%
Phoenix Mills LtdEquity613.78 Cr1.92%
Coromandel International LtdEquity597.82 Cr1.87%
TVS Motor Co LtdEquity579.93 Cr1.81%
Cummins India LtdEquity576.2 Cr1.80%
Ashok Leyland LtdEquity566.49 Cr1.77%
UNO Minda LtdEquity554.74 Cr1.73%
Ipca Laboratories LtdEquity522.32 Cr1.63%
Apar Industries LtdEquity514.72 Cr1.61%
Solar Industries India LtdEquity502.77 Cr1.57%
JK Cement LtdEquity502.03 Cr1.57%
Torrent Power LtdEquity483.41 Cr1.51%
Indian BankEquity474.73 Cr1.48%
Bharat Forge LtdEquity467.32 Cr1.46%
Nifty March 2026 FutureEquity Index - Future456.72 Cr1.43%
Hitachi Energy India Ltd Ordinary SharesEquity439.96 Cr1.38%
Bharti Hexacom LtdEquity439.51 Cr1.37%
Abbott India LtdEquity432.04 Cr1.35%
Vishal Mega Mart LtdEquity416.84 Cr1.30%
Supreme Industries LtdEquity404.87 Cr1.27%
Blue Star LtdEquity402.28 Cr1.26%
Premier Energies LtdEquity386.04 Cr1.21%
Bharat Heavy Electricals LtdEquity385.02 Cr1.20%
KEI Industries LtdEquity373.21 Cr1.17%
ICICI Lombard General Insurance Co LtdEquity367.55 Cr1.15%
Sona BLW Precision Forgings LtdEquity364.03 Cr1.14%
Jindal Steel LtdEquity349.84 Cr1.09%
Persistent Systems LtdEquity343.46 Cr1.07%
Bharat Electronics LtdEquity337.35 Cr1.05%
Lupin LtdEquity337.07 Cr1.05%
CG Power & Industrial Solutions LtdEquity327.1 Cr1.02%
Bajaj Finance LtdEquity324.3 Cr1.01%
PI Industries LtdEquity323.58 Cr1.01%
AU Small Finance Bank LtdEquity314.55 Cr0.98%
PB Fintech LtdEquity313.91 Cr0.98%
Hindustan Petroleum Corp LtdEquity310.6 Cr0.97%
SRF LtdEquity309.49 Cr0.97%
Axis Money Market Dir GrMutual Fund - Open End300.71 Cr0.94%
Cholamandalam Investment and Finance Co LtdEquity298.48 Cr0.93%
Coforge LtdEquity281.1 Cr0.88%
Sundaram Finance LtdEquity276.79 Cr0.87%
HDFC Asset Management Co LtdEquity273.78 Cr0.86%
L&T Finance LtdEquity269.07 Cr0.84%
Cholamandalam Financial Holdings LtdEquity259.89 Cr0.81%
K.P.R. Mill LtdEquity246.54 Cr0.77%
Mphasis LtdEquity240.1 Cr0.75%
ICICI Bank LtdEquity239.72 Cr0.75%
Eternal LtdEquity238.6 Cr0.75%
Swiggy LtdEquity231.97 Cr0.73%
Alkem Laboratories LtdEquity230.76 Cr0.72%
Info Edge (India) LtdEquity227.54 Cr0.71%
Trent LtdEquity225.96 Cr0.71%
Voltas LtdEquity214.11 Cr0.67%
3M India LtdEquity212.37 Cr0.66%
J.B. Chemicals & Pharmaceuticals LtdEquity202.24 Cr0.63%
Tube Investments of India Ltd Ordinary SharesEquity191.54 Cr0.60%
ZF Commercial Vehicle Control Systems India LtdEquity188.41 Cr0.59%
Jubilant Foodworks LtdEquity188.33 Cr0.59%
Prestige Estates Projects LtdEquity186.62 Cr0.58%
ITC Hotels LtdEquity185.27 Cr0.58%
Indus Towers Ltd Ordinary SharesEquity179.27 Cr0.56%
Oracle Financial Services Software LtdEquity175.04 Cr0.55%
FSN E-Commerce Ventures LtdEquity166.7 Cr0.52%
Glenmark Pharmaceuticals LtdEquity156.44 Cr0.49%
Balkrishna Industries LtdEquity151.42 Cr0.47%
Endurance Technologies LtdEquity146.73 Cr0.46%
Fine Organic Industries Ltd Ordinary SharesEquity144.95 Cr0.45%
BSE LtdEquity143.63 Cr0.45%
LG Electronics India LtdEquity143.01 Cr0.45%
Jyoti CNC Automation LtdEquity119.46 Cr0.37%
Astral LtdEquity105.81 Cr0.33%
L&T Technology Services LtdEquity95.5 Cr0.30%
Dixon Technologies (India) LtdEquity93.72 Cr0.29%
Billionbrains Garage Ventures LtdEquity79.22 Cr0.25%
Mankind Pharma LtdEquity77.22 Cr0.24%
Page Industries LtdEquity73.13 Cr0.23%
Linde India LtdEquity73.11 Cr0.23%
Tata Communications LtdEquity68.54 Cr0.21%
Shriram Finance LtdEquity67.47 Cr0.21%
ICICI Prudential Life Insurance Co LtdEquity60.29 Cr0.19%
Anthem Biosciences LtdEquity45.66 Cr0.14%
Oil India LtdEquity42.57 Cr0.13%
Container Corporation of India LtdEquity40.19 Cr0.13%
KPIT Technologies LtdEquity32.6 Cr0.10%
Honeywell Automation India LtdEquity32.31 Cr0.10%
Lenskart Solutions LtdEquity27.16 Cr0.08%
Meesho LtdEquity26.19 Cr0.08%
HDB Financial Services LtdEquity17.87 Cr0.06%
Aarti Industries LtdEquity17.64 Cr0.06%
Cohance Lifesciences LtdEquity11.25 Cr0.04%
Tvs Motor Company LimitedPreferred Stock6.89 Cr0.02%

Allocation By Market Cap (Equity)

Large Cap Stocks

15.19%

Mid Cap Stocks

69.77%

Small Cap Stocks

3.48%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Consumer Cyclical6,122.49 Cr19.15%
Industrials6,101.81 Cr19.08%
Financial Services5,925.8 Cr18.53%
Healthcare3,273.32 Cr10.24%
Basic Materials2,511.72 Cr7.85%
Technology1,790.58 Cr5.60%
Communication Services914.85 Cr2.86%
Real Estate800.41 Cr2.50%
Utilities483.41 Cr1.51%
Energy353.17 Cr1.10%

Risk & Performance Ratios

Standard Deviation

This fund

14.14%

Cat. avg.

15.64%

Lower the better

Sharpe Ratio

This fund

1.01

Cat. avg.

1.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.65

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 28th February 2026

ISIN
INF846K01EH3
Expense Ratio
0.55%
Exit Load
1.00%
Fund Size
₹31,977 Cr
Age
13 years 3 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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HDFC NIFTY Midcap 150 ETF

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UTI Nifty Midcap 150 ETF

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Invesco India 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

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Nippon India Growth Fund Direct Growth

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0.7%1.0%₹43982.51 Cr3.6%
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0.5%1.0%₹14355.22 Cr3.8%
Invesco India Mid Cap Fund Direct Growth

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0.5%1.0%₹10771.90 Cr3.5%
Kotak Emerging Equity Scheme Direct Growth

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0.4%1.0%₹61694.40 Cr4.3%
JM Midcap Fund Regular Growth

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JM Midcap Fund Direct Growth

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Mirae Asset Nifty Midcap 150 ETF

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DSP Midcap Fund Regular Growth

Very High Risk

1.7%1.0%₹19640.75 Cr1.9%
Kotak Emerging Equity Scheme Regular Growth

Very High Risk

1.4%1.0%₹61694.40 Cr3.2%
ICICI Prudential Midcap Select ETF

Very High Risk

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

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HDFC Mid-Cap Opportunities Fund Regular Growth

Very High Risk

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Nippon India ETF Nifty Midcap 150

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0.2%-₹2925.42 Cr2.1%
UTI Mid Cap Fund Direct Growth

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Axis Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹31977.12 Cr2.4%
HDFC Mid-Cap Opportunities Fund Direct Growth

Very High Risk

0.8%1.0%₹94256.90 Cr4.6%
Aditya Birla Sun Life Mid Cap Fund Direct Growth

Very High Risk

1.0%1.0%₹6130.27 Cr-1.3%
Baroda BNP Paribas Mid Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹2340.60 Cr5.2%
SBI Magnum Midcap Fund Direct Growth

Very High Risk

0.9%0.0%₹23154.23 Cr-4.6%
Sundaram Mid Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹13235.50 Cr3.5%
Tata Mid Cap Growth Fund Direct Growth

Very High Risk

0.6%0.0%₹5505.28 Cr3.2%
Taurus Discovery (Midcap) Fund Direct Growth

Very High Risk

1.9%1.0%₹123.09 Cr-4.5%
DSP Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹19640.75 Cr2.8%
Quant Mid Cap Fund Direct Growth

Very High Risk

0.8%0.0%₹7341.39 Cr-6.7%
Franklin India Prima Fund Direct Growth

Very High Risk

1.0%1.0%₹12327.87 Cr-3.9%
Motilal Oswal Nifty Midcap 100 ETF

Very High Risk

0.2%-₹786.57 Cr2.4%
Union Midcap Fund Regular Growth

Very High Risk

2.1%1.0%₹1652.42 Cr2.8%
Union Midcap Fund Direct Growth

Very High Risk

0.8%1.0%₹1652.42 Cr4.2%
Edelweiss Mid Cap Fund Regular Growth

Very High Risk

1.7%1.0%₹14355.22 Cr2.5%

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,74,067 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 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%₹37.68 Cr-
Axis Gold and Silver Passive FoF Direct Growth

Very High Risk

0.2%0.0%₹578.42 Cr-
Axis Multi-Asset Active FoF Direct Growth

Very High Risk

0.1%1.0%₹1432.92 Cr-
Axis Income Plus Arbitrage Passive Fund of Funds Direct Growth

Moderate Risk

0.0%0.0%₹109.18 Cr-
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹238.09 Cr-
Axis Nifty500 Quality 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹71.36 Cr-
Axis Services Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹1678.01 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

0.1%0.0%₹127.11 Cr-3.9%
Axis CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹51.67 Cr7.3%
Axis Momentum Fund Direct Growth

Very High Risk

0.8%1.0%₹1070.90 Cr-2.4%
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹22.49 Cr7.1%
Axis Nifty500 Value 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹145.27 Cr13.8%
Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1696.60 Cr7.3%
Axis Consumption Fund Direct Growth

Very High Risk

0.6%1.0%₹3091.55 Cr-5.9%
Axis Nifty 500 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹301.97 Cr-3.1%
Axis Nifty Bank Index Fund Direct Growth

Very High Risk

0.2%0.0%₹149.93 Cr-1.9%
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%₹49.18 Cr-5.9%
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%₹38.29 Cr15.0%
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.5%1.0%₹5175.61 Cr6.6%
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 Cr7.0%
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 Cr6.5%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low Risk

0.2%0.0%₹68.85 Cr6.8%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹12838.53 Cr5.8%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.8%1.0%₹1894.93 Cr23.3%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹538.00 Cr-3.1%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹12871.40 Cr-2.9%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹23789.68 Cr6.8%
Axis Equity Hybrid Fund Direct Growth

High Risk

1.1%1.0%₹1505.41 Cr-1.0%
Axis Special Situations Fund Direct Growth

Very High Risk

1.3%1.0%₹1120.92 Cr1.0%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹8588.43 Cr6.4%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹1133.18 Cr-5.2%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹9211.96 Cr6.8%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.5%1.0%₹2910.75 Cr37.7%
Axis Value Fund Direct Growth

Very High Risk

0.7%1.0%₹1445.45 Cr2.2%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderate Risk

0.1%0.0%₹2092.43 Cr6.5%
Axis Quant Fund Direct Growth

Very High Risk

0.8%1.0%₹882.44 Cr-3.3%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹587.56 Cr1.6%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹32436.77 Cr-5.2%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1131.90 Cr4.7%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹2998.08 Cr62.3%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹11305.13 Cr-7.2%

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-Mar-2026, is ₹120.14.
The fund has generated 2.38% over the last 1 year and 18.07% 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 91.83% in equities, 0.20% in bonds, and 7.94% 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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