Axis Nifty Midcap 50 Index Fund Direct Growth

Axis Nifty Midcap 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 12-12-2024

₹ 19.94

-0.4%

1D

Inception Returns

29%

/yr

About Axis Nifty Midcap 50 Index Fund Direct Growth

Axis Nifty Midcap 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 March, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Nifty Midcap 50 Index Fund Direct Growth has ₹398 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Axis Nifty Midcap 50 Index Fund Direct Growth has given a CAGR return of 29.00% since inception. Over the last 1 year the fund has given a CAGR return of 30.13%.

Holdings

Axis Nifty Midcap 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Tech, Health, Basic Materials, Consumer Cyclical, Real Estate, Communication, Consumer Defensive, Energy. Its top holdings are Suzlon Energy Ltd, Max Healthcare Institute Ltd Ordinary Shares, Indian Hotels Co Ltd, Persistent Systems Ltd, PB Fintech Ltd

Taxation

As it is a index funds 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 Nifty Midcap 50 Index Fund Direct Growth

To provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Nifty Midcap 50 Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
7368 people have invested ₹ 2.1Cr in Axis Nifty Midcap 50 Index Fund Direct Growth in the last three months

Axis Nifty Midcap 50 Index Fund Direct Growth Overview

Expense ratio0.25%
Benchmark
IISL Nifty Midcap 50 TR INR
AUM₹398 Cr
Inception Date28 March, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
69.14%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Low Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 99.8%

  • Debt & Cash 0.3%

Mid cap
99.7%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
22.6%
Financial Services
20%
Basic Materials
10.7%
Health
10.7%
Tech
10.6%
Consumer Cyclical
6.8%
Communication
5.3%
Real Estate
5%
Consumer Defensive
4.7%
Energy
3.7%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-7.94%
1.52%
-0.21%
Nifty Midcap 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -7.94% whereas the fund’s underlying benchmark Nifty Midcap 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty Midcap 50 by 1.77% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 415.6 Cr
₹ 415.6 Cr
₹ 404.8 Cr
  • AUM of the fund stands at 415.6 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks sold last month
Persistent Systems Ltd's allocation decreased from 3.64 % to 3.1 %
Persistent Systems Ltd's allocation decreased from 3.64 % to 3.1 %

Top 3 Sectors in October were Industrial, Financial Services & Basic Materials

Oct'24
Industrial
23%
Financial Services
20%
Basic Materials
11%
Sep'24
Industrial
23%
Financial Services
20%
Basic Materials
11%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
18.2%
18.2%
18.8%
Company having highest exposure
Suzlon Energy Ltd (5.1%)
Suzlon Energy Ltd (5.1%)
Suzlon Energy Ltd (4.9%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
74.6%
74.6%
77.7%
Sector having highest exposure
Industrial (22.6%)
Industrial (22.6%)
Industrial (23%)
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Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Axis Nifty Midcap 50 Index Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

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

About the fund

This fund has delivered an average annual returns of 29% since inception which is more than its category average return of 17.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.75% in Equity, 0% in Debt and 0.25% in Cash related instruments
AUM size ₹398 Cr

AUM size ₹398 Cr

This fund has AUM of ₹398 Cr which is less than its category average of ₹ 806 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions for Axis Nifty Midcap 50 Index Fund Direct Growth

The current NAV of Axis Nifty Midcap 50 Index Fund Direct Growth is ₹19.94 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Axis Nifty Midcap 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.3%
7.3%
6 Month Returns
8.12%
8.12%
1 Year Returns
30.13%
30.13%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.25% as on November 2024
₹398 Cr as on November 2024
Suzlon Energy Ltd(4.59%), Max Healthcare Institute Ltd Ordinary Shares(4.37%), Indian Hotels Co Ltd(3.43%), Persistent Systems Ltd(3.3%), PB Fintech Ltd(3.11%) as on November 2024
Industrial(21.65%), Financial Services(20.6%), Tech(11.77%) as on November 2024
The alpha ratio for the Axis Nifty Midcap 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Nifty Midcap 50 Index Fund Direct Growth
-0.48
-
-
As on November 2024
The alpha for Axis Nifty Midcap 50 Index Fund Direct Growth is calculated against IISL Nifty Midcap 50 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 Nifty Midcap 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Nifty Midcap 50 Index Fund Direct Growth
0.99
-
-
As on November 2024
The Beta for Axis Nifty Midcap 50 Index Fund Direct Growth is calculated with IISL Nifty Midcap 50 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 Nifty Midcap 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Nifty Midcap 50 Index Fund Direct Growth
1.27
-
-
As on November 2024
The sharpe ratio for Axis Nifty Midcap 50 Index Fund Direct Growth is calculated with IISL Nifty Midcap 50 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 Nifty Midcap 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Nifty Midcap 50 Index Fund Direct Growth
15.57
-
-
As on November 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.
The Exit load of Axis Nifty Midcap 50 Index Fund Direct Growth is 0.25%