Fund Overview
Fund Size
₹31,322 Cr
Expense Ratio
0.53%
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, 8 months and 11 days, having been launched on 01-Jan-13.
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹131.04, Assets Under Management (AUM) of 31321.58 Crores, and an expense ratio of 0.53%.
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹131.04, Assets Under Management (AUM) of 31321.58 Crores, and an expense ratio of 0.53%.
- Axis Midcap Fund Direct Growth has given a CAGR return of 21.31% since inception.
- The fund's asset allocation comprises around 98.19% in equities, 0.00% in debts, and 1.81% 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
+42.14%
+45.35% (Cat Avg.)
3 Years
+19.75%
+24.25% (Cat Avg.)
5 Years
+27.74%
+29.45% (Cat Avg.)
10 Years
+19.14%
+18.51% (Cat Avg.)
Since Inception
+21.31%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹30,753.91 Cr | 98.19% |
| Others | ₹567.67 Cr | 1.81% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹937.58 Cr | 3.04% |
| Trent Ltd | Equity | ₹893.99 Cr | 2.90% |
| Supreme Industries Ltd | Equity | ₹865.71 Cr | 2.81% |
| Cummins India Ltd | Equity | ₹809.04 Cr | 2.62% |
| Indian Hotels Co Ltd | Equity | ₹797.66 Cr | 2.59% |
| Persistent Systems Ltd | Equity | ₹743.24 Cr | 2.41% |
| UNO Minda Ltd | Equity | ₹743.15 Cr | 2.41% |
| CG Power & Industrial Solutions Ltd | Equity | ₹723.77 Cr | 2.35% |
| Schaeffler India Ltd | Equity | ₹716.6 Cr | 2.32% |
| Sona BLW Precision Forgings Ltd | Equity | ₹678.28 Cr | 2.20% |
| Fortis Healthcare Ltd | Equity | ₹667.5 Cr | 2.16% |
| PI Industries Ltd | Equity | ₹662.18 Cr | 2.15% |
| Coromandel International Ltd | Equity | ₹647.1 Cr | 2.10% |
| Astral Ltd | Equity | ₹636.91 Cr | 2.06% |
| Phoenix Mills Ltd | Equity | ₹636.07 Cr | 2.06% |
| ICICI Bank Ltd | Equity | ₹623.43 Cr | 2.02% |
| Net Receivables / (Payables) | Cash | ₹538.11 Cr | 1.74% |
| TVS Motor Co Ltd | Equity | ₹531.16 Cr | 1.72% |
| The Federal Bank Ltd | Equity | ₹530.14 Cr | 1.72% |
| JK Cement Ltd | Equity | ₹488.69 Cr | 1.58% |
| Voltas Ltd | Equity | ₹467.09 Cr | 1.51% |
| Abbott India Ltd | Equity | ₹466.17 Cr | 1.51% |
| PB Fintech Ltd | Equity | ₹440.3 Cr | 1.43% |
| Bharti Hexacom Ltd | Equity | ₹439.87 Cr | 1.43% |
| Sundaram Finance Ltd | Equity | ₹434.78 Cr | 1.41% |
| REC Ltd | Equity | ₹427.11 Cr | 1.38% |
| Alkem Laboratories Ltd | Equity | ₹426.5 Cr | 1.38% |
| Torrent Power Ltd | Equity | ₹395.2 Cr | 1.28% |
| Solar Industries India Ltd | Equity | ₹377.92 Cr | 1.22% |
| Apar Industries Ltd | Equity | ₹377.18 Cr | 1.22% |
| Linde India Ltd | Equity | ₹376.9 Cr | 1.22% |
| Coforge Ltd | Equity | ₹376.72 Cr | 1.22% |
| Balkrishna Industries Ltd | Equity | ₹367.2 Cr | 1.19% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹342.04 Cr | 1.11% |
| Lupin Ltd | Equity | ₹339.66 Cr | 1.10% |
| Prestige Estates Projects Ltd | Equity | ₹339.06 Cr | 1.10% |
| Grindwell Norton Ltd | Equity | ₹332.44 Cr | 1.08% |
| Mphasis Ltd | Equity | ₹326.99 Cr | 1.06% |
| Dixon Technologies (India) Ltd | Equity | ₹323.25 Cr | 1.05% |
| Indian Bank | Equity | ₹317.39 Cr | 1.03% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹315.41 Cr | 1.02% |
| Zydus Lifesciences Ltd | Equity | ₹308.45 Cr | 1.00% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹299.4 Cr | 0.97% |
| 3M India Ltd | Equity | ₹297.5 Cr | 0.96% |
| Avenue Supermarts Ltd | Equity | ₹296.79 Cr | 0.96% |
| State Bank of India | Equity | ₹274.1 Cr | 0.89% |
| Tata Power Co Ltd | Equity | ₹269.63 Cr | 0.87% |
| Godrej Properties Ltd | Equity | ₹263.28 Cr | 0.85% |
| Bharat Electronics Ltd | Equity | ₹250.49 Cr | 0.81% |
| Endurance Technologies Ltd | Equity | ₹249.65 Cr | 0.81% |
| Samvardhana Motherson International Ltd | Equity | ₹245.02 Cr | 0.79% |
| Motherson Sumi Wiring India Ltd | Equity | ₹238.79 Cr | 0.77% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹233.05 Cr | 0.76% |
| Tech Mahindra Ltd | Equity | ₹224.81 Cr | 0.73% |
| Bajaj Finance Ltd | Equity | ₹223.87 Cr | 0.73% |
| SKF India Ltd | Equity | ₹216.89 Cr | 0.70% |
| Suzlon Energy Ltd | Equity | ₹211.48 Cr | 0.69% |
| Oberoi Realty Ltd | Equity | ₹211.45 Cr | 0.69% |
| Jubilant Foodworks Ltd | Equity | ₹201.02 Cr | 0.65% |
| Petronet LNG Ltd | Equity | ₹200.23 Cr | 0.65% |
| ZF Commercial Vehicle Control Systems India Ltd | Equity | ₹199.97 Cr | 0.65% |
| Carborundum Universal Ltd | Equity | ₹186.36 Cr | 0.60% |
| Zomato Ltd | Equity | ₹184.6 Cr | 0.60% |
| Tata Communications Ltd | Equity | ₹183.31 Cr | 0.59% |
| Bharat Forge Ltd | Equity | ₹182.73 Cr | 0.59% |
| K.P.R. Mill Ltd | Equity | ₹178.45 Cr | 0.58% |
| Power Grid Corp Of India Ltd | Equity | ₹173.37 Cr | 0.56% |
| Colgate-Palmolive (India) Ltd | Equity | ₹171.14 Cr | 0.55% |
| Fine Organic Industries Ltd Ordinary Shares | Equity | ₹170.33 Cr | 0.55% |
| Hindustan Petroleum Corp Ltd | Equity | ₹163.53 Cr | 0.53% |
| Honeywell Automation India Ltd | Equity | ₹162.88 Cr | 0.53% |
| HDFC Life Insurance Company Limited | Equity | ₹150.42 Cr | 0.49% |
| NHPC Ltd | Equity | ₹145.95 Cr | 0.47% |
| KPIT Technologies Ltd | Equity | ₹145.39 Cr | 0.47% |
| Ipca Laboratories Ltd | Equity | ₹142.88 Cr | 0.46% |
| Jindal Steel & Power Ltd | Equity | ₹142.84 Cr | 0.46% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹140.06 Cr | 0.45% |
| Timken India Ltd | Equity | ₹136.13 Cr | 0.44% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹131.02 Cr | 0.42% |
| Mankind Pharma Ltd | Equity | ₹115.81 Cr | 0.38% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹110.7 Cr | 0.36% |
| Jyoti CNC Automation Ltd | Equity | ₹107.67 Cr | 0.35% |
| Container Corporation of India Ltd | Equity | ₹98.32 Cr | 0.32% |
| Tata Technologies Ltd | Equity | ₹90.71 Cr | 0.29% |
| L&T Technology Services Ltd | Equity | ₹85.56 Cr | 0.28% |
| Sumitomo Chemical India Ltd Ordinary Shares | Equity | ₹60.94 Cr | 0.20% |
| KEI Industries Ltd | Equity | ₹51.05 Cr | 0.17% |
| L&T Finance Ltd | Equity | ₹50.11 Cr | 0.16% |
| Vedant Fashions Ltd | Equity | ₹47.62 Cr | 0.15% |
| Page Industries Ltd | Equity | ₹39.96 Cr | 0.13% |
| Granules India Ltd | Equity | ₹36.09 Cr | 0.12% |
| Aarti Industries Ltd | Equity | ₹33.01 Cr | 0.11% |
| Aadhar Housing Finance Ltd | Equity | ₹31.76 Cr | 0.10% |
| Ajanta Pharma Ltd | Equity | ₹30.97 Cr | 0.10% |
| ICICI Prudential Life Insurance Company Limited | Equity | ₹30.93 Cr | 0.10% |
| Jindal Stainless Ltd | Equity | ₹26.29 Cr | 0.09% |
| Go Digit General Insurance Ltd | Equity | ₹26 Cr | 0.08% |
| ABB India Ltd | Equity | ₹25.74 Cr | 0.08% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹21.1 Cr | 0.07% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹20.09 Cr | 0.07% |
| Multi Commodity Exchange of India Ltd | Equity | ₹14.05 Cr | 0.05% |
| V-Guard Industries Ltd | Equity | ₹9.19 Cr | 0.03% |
| United Breweries Ltd | Equity | ₹3.65 Cr | 0.01% |
| Sundaram Fasteners Ltd | Equity | ₹0.52 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
20.71%
Mid Cap Stocks
71.76%
Small Cap Stocks
3.75%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹6,496.39 Cr | 21.05% |
| Industrials | ₹6,391.95 Cr | 20.72% |
| Financial Services | ₹4,942.39 Cr | 16.02% |
| Healthcare | ₹3,016.12 Cr | 9.78% |
| Basic Materials | ₹2,986.22 Cr | 9.68% |
| Technology | ₹2,336.76 Cr | 7.57% |
| Real Estate | ₹1,449.86 Cr | 4.70% |
| Utilities | ₹984.16 Cr | 3.19% |
| Communication Services | ₹856.23 Cr | 2.78% |
| Consumer Defensive | ₹471.57 Cr | 1.53% |
| Energy | ₹363.76 Cr | 1.18% |
Risk & Performance Ratios
Standard Deviation
This fund
13.29%
Cat. avg.
14.34%
Lower the better
Sharpe Ratio
This fund
1.05
Cat. avg.
1.26
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.62
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st July 2024
ISIN | INF846K01EH3 | Expense Ratio | 0.53% | Exit Load | 1.00% | Fund Size | ₹31,322 Cr | Age | 01 Jan 2013 | 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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% | ₹1459.13 Cr | 43.7% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1459.13 Cr | 46.0% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹14445.55 Cr | 60.2% |
| 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% | ₹17560.99 Cr | 36.6% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹17560.99 Cr | 38.1% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹31321.58 Cr | 40.6% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹3292.76 Cr | 49.4% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3292.76 Cr | 47.2% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4514.03 Cr | 40.5% |
About the AMC
Total AUM
₹3,09,497 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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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 11-Sep-2024, is ₹131.04.
What are the returns of Axis Midcap Fund Direct Growth?
The fund has generated 42.14% over the last 1 year and 19.75% 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 98.19% in equities, 0.00% in bonds, and 1.81% 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 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 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.