Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl

Equity
Direct
Mid-Cap
Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl

About the Fund

Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl has ₹30144 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl has given a CAGR return of 21.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 49.65%, 22.66% and 26.43% respectively.

Holdings

Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Basic Materials, Health, Tech, Real Estate, Communication, Utilities, Consumer Defensive, Energy. Its top holdings are Supreme Industries Ltd, Trent Ltd, Cholamandalam Investment and Finance Co Ltd, Cummins India Ltd, UNO Minda 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl

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 Direct Pan Reinvst of Inc Dis cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
63 people have invested ₹ 3.9L in Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl in the last three months

Fund Overview

Expense ratio0.53%
Benchmark
S&P BSE Midcap TR INR
AUM₹30144 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
24.1%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Mid cap
70.8%

Large cap
23.4%

Small cap
3.8%

Sector Allocation

May'24

Apr'24

Mar'24

Consumer Cyclical
25.1%
Industrial
23.9%
Financial Services
15.1%
Basic Materials
10.1%
Health
9.6%
Tech
5.1%
Real Estate
4%
Utilities
2.9%
Communication
2.1%
Consumer Defensive
1.5%
Energy
0.5%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl, since 23 November 2016

Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 21.11% since inception which is more than its category average return of 20.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.09% in Equity, 0% in Debt and 1.91% in Cash related instruments
AUM size ₹30144 Cr

AUM size ₹30144 Cr

This fund has AUM of ₹30144 Cr which is more than its category average of ₹ 8621 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions

The current NAV of Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl is ₹58.61 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
6.18%
6.18%
6 Month Returns
27.88%
27.88%
1 Year Returns
49.65%
49.65%
3 Years Returns
84.55%
22.66%
5 Years Returns
223.07%
26.43%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.53% as on June 2024
₹30144 Cr as on June 2024
Supreme Industries Ltd(3.54%), Trent Ltd(3.51%), Cholamandalam Investment and Finance Co Ltd(3.2%), Cummins India Ltd(3.18%), UNO Minda Ltd(3.09%) as on June 2024
Industrial(23.34%), Consumer Cyclical(22.59%), Financial Services(15.05%) as on June 2024
The alpha ratio for the Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl
3.53
-0.91
2.92
As on June 2024
The alpha for Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl
0.66
0.8
0.76
As on June 2024
The Beta for Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl
2.83
1.17
1.12
As on June 2024
The sharpe ratio for Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl
11.36
13.62
17.24
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.41 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl
The Exit load of Axis Midcap Fund Direct Pan Reinvst of Inc Dis cum Cap Wdrl is 1%