Axis Midcap Fund Direct Plan Growth
Equity
Direct
Mid-Cap
NAV: ₹ 107.73 as on 24-04-2024
Fund Performance
34845 people have invested ₹ 16.8Cr in Axis Midcap Fund Direct Plan Growth in the last three months
Mutual Fund Insights
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 72.11% return, outperforming this fund by 29.19%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 39.44% return, outperforming this fund by 18.2% per annum.
Over the last 6 months, this fund has experienced a 12.7% growth in AUM moving from 22.65K Cr to 25.53K Cr.
Over the last 1 month, this fund has increased expense ratio by 5.7% moving from 0.53 to 0.56.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.66% return, outperforming this fund by 11.29% per annum.
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.56% which is lower than the category average expense ratio of 1.17%.
INDmoney Rank of Axis Midcap Fund Direct Plan Growth
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13
/19
45% Performance
39% Risk Management
86% Cost
13 out of 19 among mid-cap
Pros
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Cons
Underperforms benchmarks during bull run
3Y returns in the bottom 25% of the category
About the Axis Midcap Fund Direct Plan Growth
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
- Axis Midcap Fund Direct Plan Growth has ₹25537 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Axis Midcap Fund Direct Plan Growth Overview
 | 0.56% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹25537 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 24.1% |
Axis Midcap Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
68.4%
Large cap
25.2%
Small cap
2.6%
Sector Allocation
Consumer Cyclical
26.5%
Industrial
22%
Financial Services
15.3%
Basic Materials
9.9%
Health
9.7%
Tech
6.2%
Real Estate
3.8%
Utilities
2.4%
Communication
1.7%
Consumer Defensive
1.6%
Energy
0.9%
Top Holdings of Axis Midcap Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings85
Axis Midcap Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.84% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 3.00% in Mar'24
AUM Change
- AUM of the fund stands at 25.5K Cr as of Mar'24
- AUM increased by 272.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Axis Midcap Fund Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 ABB India Ltd | 20.7% |
 Cummins India Ltd | 14.4% |
 CG Power & Industrial Solutions Ltd | 7.1% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Persistent Systems Ltd | -2.1% |
 J K Cements Ltd | 4.8% |
Peer Analysis
Axis Midcap Fund Direct Plan Growth Fund Manager
Shreyash Devalkar
Fund Manager of Axis Midcap Fund Direct Plan Growth, since 23 November 2016
Top funds managed
Axis Midcap Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.91% since inception which is more than its category average return of 18.86%
Fund Allocations
This fund has an allocation of 96.23% in Equity, 0% in Debt and 3.77% in Cash related instruments
AUM size ₹25537 Cr
This fund has AUM of ₹25537 Cr which is more than its category average of ₹ 7349 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Axis Midcap Fund Direct Plan Growth is ₹107.73 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Axis Midcap Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.75% | 4.75% |
6 Month Returns | 22.33% | 22.33% |
1 Year Returns | 42.92% | 42.92% |
3 Years Returns | 78.21% | 21.24% |
5 Years Returns | 174.33% | 22.36% |
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.
0.56% as on March 2024
₹25537 Cr as on March 2024
Trent Ltd(4.57%), Indian Hotels Co Ltd(3.95%), Cummins India Ltd(3.3%), Supreme Industries Ltd(3.3%), Cholamandalam Investment and Finance Co Ltd(3.07%) as on March 2024
Consumer Cyclical(25.53%), Industrial(21.2%), Financial Services(14.69%) as on March 2024
The alpha ratio for the Axis Midcap Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Midcap Fund Direct Plan Growth | 0.4 | -1.37 | 3.19 |
As on March 2024
The alpha for Axis Midcap Fund Direct Plan Growth 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 Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Midcap Fund Direct Plan Growth | 0.65 | 0.79 | 0.75 |
As on March 2024
The Beta for Axis Midcap Fund Direct Plan Growth 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 Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Midcap Fund Direct Plan Growth | 2.93 | 1.07 | 0.95 |
As on March 2024
The sharpe ratio for Axis Midcap Fund Direct Plan Growth 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 Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Midcap Fund Direct Plan Growth | 10.15 | 13 | 16.85 |
As on March 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 2.11 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Midcap Fund Direct Plan Growth
The Exit load of Axis Midcap Fund Direct Plan Growth is 1%