December 12, 2023
mayank
Axis Midcap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 95.8000
NAV IDCW: Rs 48.0200
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 | 19.39% |
| Benchmark | S&P BSE 150 MidCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 23,549 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.54% |
| (As on 31-Oct-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 24.00% |
Axis Midcap Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Midcap Dir | 27.39 | 0.52 | 6.41 | 3.92 | 16.94 | 23.63 | 21.74 | 21.39 | 20.47 | 21.54 |
| S&P BSE 150 MidCap TRI | 38.08 | 0.61 | 8.41 | 6.73 | 28.70 | 34.47 | 29.50 | 23.20 | 19.56 | 21.94 |
| Equity: Mid Cap | 36.76 | 0.70 | 8.38 | 7.17 | 26.99 | 33.23 | 27.99 | 22.54 | 18.44 | 21.57 |
| Rank within category | 37 | 31 | 35 | 35 | 37 | 37 | 24 | 14 | 3 | 8 |
| Number of funds in category | 38 | 39 | 39 | 39 | 39 | 38 | 25 | 22 | 19 | 18 |
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 | 3 star | 23.63 | 21.74 | 21.39 | 0.54 | 23,549 | 19.39 | 1.00 (365) | 10Y 11M | 24.00 |
| HDFC Mid-Cap Opp Dir | 4 star | 39.53 | 31.96 | 23.94 | 0.85 | 52,138 | 21.43 | 1.00 (365) | 10Y 11M | 12.46 |
| Kotak Emrgng Eqt Dir | 4 star | 27.35 | 28.30 | 24.08 | 0.38 | 36,528 | 20.86 | 1.00 (365) | 10Y 11M | 1.91 |
| Nippon Ind Growth Dir | 4 star | 39.64 | 32.56 | 25.62 | 0.88 | 21,380 | 18.84 | 1.00 (30) | 10Y 11M | 21.00 |
| SBI Magnum Midcap Dir | 5 star | 28.85 | 29.83 | 23.93 | 0.86 | 14,455 | 20.23 | 1.00 (365) | 10Y 11M | 11.00 |
Portfolio Analysis of Axis Midcap Fund
| No. of Stocks | 69 |
| Top 10 Stocks | 33.86% |
| Top 5 Stocks | 19.65% |
| Top 3 Sectors | 40.21% |
| Portfolio P/B Ratio | 6.75 |
| Portfolio P/E Ratio | 41.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 57,544 | 42,712 |
| Giant (%) | 9.35 | 3.83 |
| Large (%) | 36.86 | 31.70 |
| Mid (%) | 53.79 | 62.31 |
| Small (%) | — | 5.14 |
| Tiny (%) | — | — |
How to Invest in Axis Midcap Fund?
Chanakya’s Mutual Fund Guidance For Axis Midcap Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.axismf.com/mutual-funds
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