December 26, 2025
RA Jainee
Axis Midcap Fund
| Fund at a Glance | |
| NAV Growth | Rs 132.52 |
| NAV Bonus | — |
| NAV IDCW | Rs 56.11 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 150 MidCap TRI |
| AUM Rs. | 32,202 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.55% |
| 1 Year Return (%) | 2.89 |
| 3 Year Return (%) | 21.64 |
| 5 Year Return (%) | 19.55 |
| 10 Year Return (%) | 17.78 |
| Return Since Launch | 19.05% |
⚖️ Sahifund Review – Axis Midcap Fund
PLUS: Stability | Track Record | Cost Efficiency
Axis Midcap Fund has delivered healthy long-term returns, with nearly 20% CAGR over 5–10 years, reflecting its ability to compound across market cycles. The fund follows a quality-biased midcap strategy, which helps control downside risk compared to aggressive midcap peers. Its low expense ratio of 0.55% makes it one of the more cost-efficient options in the midcap category. A well-diversified portfolio of 100+ stocks reduces single-stock risk and supports portfolio stability over time.
MINUS: Large AUM | Conservative Bias | Momentum Lag
With a large AUM of over Rs. 32,000 crore, nimbleness in midcaps is restricted. The fund carries a noticeable large-cap tilt, which often results in underperformance during sharp midcap rallies. Short-term returns have been muted, and the fund has lagged benchmark and peers in recent momentum-driven phases.
Sahifund View (Decisive Line):
Suitable for moderate-risk investors with a 7+ year horizon who prefer steady midcap exposure with lower volatility, rather than aggressive alpha chasing.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
Fund Manager:
1) Nitin Arora
Education: Mr. Arora has done M.Sc in Finance and Investments
Experience: Prior to joining Axis Mutual Fund, he has worked with Aviva Life Insurance Company India Ltd., Emkay Global Financial Services Ltd., Nirmal Bang Institutional Equities Ltd. and Bloomberg UTV Ltd..
2) Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Axis Midcap Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 19.05% |
| Benchmark | BSE 150 MidCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 32,202 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.55% |
| (As on 30-Nov-2025) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 44.00% |
Trailing Returns (%) of Axis Midcap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Midcap Dir | 2.39 | -0.32 | -0.09 | -0.14 | 0.87 | 2.89 | 21.64 | 19.55 | 19.73 | 17.78 |
| BSE 150 MidCap TRI* | 3.53 | -0.39 | 0.45 | 1.88 | 2.99 | 3.98 | 24.81 | 23.98 | 20.67 | 18.01 |
| Equity: Mid Cap* | 3.11 | -0.43 | 0.29 | 2.09 | 2.55 | 3.42 | 24.26 | 23.10 | 20.45 | 17.32 |
| Rank within category* | 31 | 12 | 39 | 42 | 37 | 31 | 33 | 21 | 14 | 7 |
| Number of funds in category* | 48 | 57 | 55 | 54 | 51 | 48 | 40 | 25 | 22 | 19 |
Peer Comparison of Axis Midcap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Midcap Dir | 2 star | 2.89 | 21.64 | 19.55 | 0.55 | 32,202 | 19.05 | 1.00 (365) | 12Y 11M | 44.00 |
| HDFC Mid Cap Dir | 5 star | 7.76 | 28.01 | 26.59 | 0.71 | 92,169 | 21.00 | 1.00 (365) | 12Y 11M | 13.07 |
| Kotak Midcap Dir | 4 star | 3.46 | 23.88 | 24.46 | 0.37 | 60,480 | 20.57 | 1.00 (365) | 12Y 11M | 24.73 |
| Nippon India Growth Mid Cap Dir | 4 star | 4.90 | 27.25 | 26.09 | 0.73 | 42,042 | 18.59 | 1.00 (30) | 12Y 11M | 6.00 |
| Motilal Oswal Midcap Dir | 5 star | -8.68 | 28.28 | 29.64 | 0.72 | 38,003 | 22.90 | 1.00 (365) | 11Y 10M | 124.00 |
Portfolio Analysis of Axis Midcap Fund
| No. of Stocks | 101 |
| Top 10 Stocks | 23.62% |
| Top 5 Stocks | 13.47% |
| Top 3 Sectors | 51.19% |
| Portfolio P/B Ratio | 6.09 |
| Portfolio P/E Ratio | 40.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 76,393 | 64,456 |
| Giant (%) | 7.09 | 5.25 |
| Large (%) | 43.26 | 40.03 |
| Mid (%) | 49.65 | 55.71 |
| Small (%) | — | 4.06 |
| Tiny (%) | — | 2.05 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.axismf.com/Online/Login OR https://www.axismf.com/mutual-funds
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