Axis Midcap Fund

Axis Midcap Fund

Equity

Axis Mutual Fund

Mid-Cap

Get the latest NAV of Axis Midcap Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹120.13

▼-2.1%1D

NAV as on 30 Mar 2026

17.83%/per year

Since Inception

Absolute Gain%

▲▼

31420 people have invested ₹ 16.9Cr in Axis Midcap Fund in the last three months

Axis Midcap Fund Performance vs. Nifty Midcap 150

Fund returns vs Benchmark returns vs Category Average returns as on (30-Mar-26)

The fund has outperformed the benchmark (Nifty Midcap 150) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-9.83%
-8.19%
-7.54%
2.37%
18.49%
14.82%
Nifty Midcap 150
-11.06%
-11.93%
-7.64%
1.62%
19.98%
17.16%
Mid-Cap Avg
-8.25%
-9.69%
-5.76%
3.24%
20.74%
16.91%
Best in Mid-Cap
-2.37%
-5.56%
1.39%
14.43%
26.5%
22.39%
Worst in Mid-Cap
-9.88%
-16.08%
-16.28%
-10.27%
13.32%
12.52%
Category Rank
14/21
12/20
8/19
10/19
3/18
--

Axis Midcap Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

12
/21
48% Performance
52% Risk Management
82% Cost

Ranked 12 out of 21 mutual funds in the mid-cap category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Axis Midcap Fund
12/21
31,977Cr
0.55%
2.37%
18.49%
0.05
0.83
1.01
1.62
-0.52
HDFC Mid Cap Fund
1/21
94,257Cr
0.76%
4.56%
23.04%
4.28
0.85
1.39
2.44
0.66
Edelweiss Mid Cap Fund
2/21
14,355Cr
0.46%
5.94%
25.56%
3.78
0.93
1.30
2.18
0.70
Nippon India Growth Mid Cap Fund Mid Cap
3/21
43,983Cr
0.72%
3.62%
23.82%
3.36
0.95
1.29
2.28
0.88
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: 5Y returns in the bottom 25% of the category
5Y returns in the bottom 25% of the category
Negative: 3Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

Axis Midcap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Axis Midcap Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Mid cap
69.8%
Large cap
15.2%
Small cap
3.5%
Large Cap allocation has gone up from 14.8% to 15.2%
Large Cap allocation has gone up from 14.8% to 15.2%
Small Cap allocation has gone up from 3.4% to 3.5%
Small Cap allocation has gone up from 3.4% to 3.5%
Mid Cap allocation has gone up from 69% to 69.8%
Mid Cap allocation has gone up from 69% to 69.8%
Cash allocation has gone down from 12.8% to 7.9%
Cash allocation has gone down from 12.8% to 7.9%
Debt allocation has gone up from 0% to 0.2%
Debt allocation has gone up from 0% to 0.2%

Axis Midcap Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Consumer Cyclical
23.3%
Industrial
17%
Financial Services
15.7%
Basic Materials
12%
Health
12%
Tech
10.2%
Real Estate
3.8%
Communication
3.7%
Utilities
1.3%
Energy
0.8%
Consumer Defensive
0.3%

Top 3 Sectors in February were Financial Services, Consumer Cyclical & Industrial

Feb'26

Consumer Cyclical

22%

Industrial

22%

Financial Services

21%

Jan'26

Financial Services

22%

Consumer Cyclical

21%

Industrial

19%

Axis Midcap Fund Holdings Details

as on (28-Feb-26)

Top Stocks bought last month
Multi Commodity Exchange of India Ltd's allocation increased from 2.23% to 2.73%
Multi Commodity Exchange of India Ltd's allocation increased from 2.23% to 2.73%
GE Vernova T&D India Ltd's allocation increased from 1.95% to 2.39%
GE Vernova T&D India Ltd's allocation increased from 1.95% to 2.39%
Apar Industries Ltd's allocation increased from 1.19% to 1.61%
Apar Industries Ltd's allocation increased from 1.19% to 1.61%
Top Stocks sold last month
Indian Hotels Co Ltd's allocation decreased from 2.36 % to 2.26 %
Indian Hotels Co Ltd's allocation decreased from 2.36 % to 2.26 %
Phoenix Mills Ltd's allocation decreased from 2 % to 1.92 %
Phoenix Mills Ltd's allocation decreased from 2 % to 1.92 %
Coromandel International Ltd's allocation decreased from 1.99 % to 1.87 %
Coromandel International Ltd's allocation decreased from 1.99 % to 1.87 %

Axis Midcap Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.55%
Benchmark
S&P BSE Midcap 150 TR INR
AUM₹31977 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
40.88%
Risk
Risk meter
pointer
Very High Risk

About Axis Midcap Fund

Axis Midcap Fund is a direct mutual fund scheme that invests primarily in mid-sized companies which generally have a market capitalization between Rs, 5000 crore to Rs 20,000 crore. These companies are usually smaller than large-cap companies but bigger than small-cap companies and provide investors an opportunity to earn double digit returns but also come with significant risk.

The fund aims to generate long-term capital appreciation for its investors by investing in quality mid-cap stocks which have their presence in multiple sectors like construction, finance, pharma. By investing in Axis Midcap Fund, investors can diversify their portfolio and potentially benefit from the growth potential of mid-sized companies in India. Stocks such as IDFC First, Bharat Forge and AU Small Finance Bank are included in this fund.

Key Parameters

  1. Axis Midcap Fund has ₹31977 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Axis Midcap Fund has given a CAGR return of 17.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.37%, 18.49% and 14.82% respectively.

Holdings

Axis Midcap Fund has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Health, Basic Materials, Tech, Corporate, Communication, Real Estate, Utilities, Energy, Government. Its top holdings are The Federal Bank Ltd, Fortis Healthcare Ltd, Multi Commodity Exchange of India Ltd, GE Vernova T&D India Ltd, Schaeffler India Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Axis Midcap Fund

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Midcap Fund has no lock in period.

Fund Manager

Shreyash Devalkar

Fund Manager of Axis Midcap Fund, since 23 November 2016

Krishnaa N

Fund Manager of Axis Midcap Fund, since 1 March 2024

Nitin Arora

Fund Manager of Axis Midcap Fund, since 3 August 2023

Learn more about Axis Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 32K Cr
₹ 30.9K Cr
₹ 31.7K Cr
  • AUM of the fund stands at 32K Cr as of Feb'26
  • AUM increased by 1.1K Cr between Feb'26 and Jan'26

Compare Axis Midcap Fund

Axis Midcap Fund

VS

HDFC Mid Cap Fund

Frequently Asked Questions for Axis Midcap Fund

How do I invest in Axis Midcap Fund?

INDmoney makes it simple to invest in the Axis Midcap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Axis Midcap Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Axis Midcap Fund?

The NAV of the fund today is ₹120.13. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Axis Midcap Fund fund has generated a return of 2.37% in 1 year, 18.49% in 3 years, 14.82% in 5 years.

Who is the fund manager of Axis Midcap Fund?

The fund managers are Shreyash Devalkar, Krishnaa N, Nitin Arora.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-12 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.55%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹31977 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Axis Midcap Fund?

The top 3 holdings of the fund are The Federal Bank Ltd(3.98%), Fortis Healthcare Ltd(3.85%), Multi Commodity Exchange of India Ltd(2.73%)