Axis Nifty Midcap 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 13.9 as on 04-10-2023
Fund Performance
2222 people have invested ₹ 2.1Cr in Axis Nifty Midcap 50 Index Fund Direct Growth in the last three months
Fund Insights
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.61%.
Over the last 3 months, this fund has experienced a 124.1% growth in AUM moving from 47.16 Cr to 105.68 Cr.
This fund with AUM at ₹105.68Cr is among the largest funds in the index funds category.
In the last 1 year, this fund has outperformed all funds in its category.
About the Fund
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 Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty Midcap 50 Index Fund Direct Growth has ₹106 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.2.
Axis Nifty Midcap 50 Index Fund Direct Growth Overview
 | 0.23% |
 Benchmark | IISL Nifty Midcap 50 TR INR |
 | ₹106 Cr |
 | 28 March, 2022 |
 | ₹100/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 47.5% |
Fund Distribution as on (31-Aug-23)
Size breakup
Mid cap
89.1%
Large cap
9.2%
Sector Allocation
Financial Services
29.8%
Consumer Cyclical
20.6%
Industrial
14.8%
Health
10.3%
Tech
8.9%
Communication
5%
Energy
3.1%
Real Estate
3.1%
Basic Materials
2.6%
Consumer Defensive
1%
Utilities
0.7%
Top Holdings of Axis Nifty Midcap 50 Index Fund Direct Growth as on (30-Sep-23)
Equity Holdings50
Axis Nifty Midcap 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 3.37% whereas the fund’s underlying benchmark Nifty Midcap 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty Midcap 50 by 5.80% in Aug'23
AUM Change
- AUM of the fund stands at 105.7 Cr as of Aug'23
- AUM increased by 23.6 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Axis Nifty Midcap 50 Index Fund Direct Growth portfolio Returns for the month of Aug
Peer Analysis
Axis Nifty Midcap 50 Index Fund Direct Growth Fund Manager
Shreyash Devalkar
Fund Manager of Axis Nifty Midcap 50 Index Fund Direct Growth, since 4 August 2023
Top funds managed
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 25.2% since inception which is more than its category average return of 14.22%
Fund Allocations
This fund has an allocation of 98.26% in Equity, 0% in Debt and 1.74% in Cash related instruments
AUM size ₹106 Cr
This fund has AUM of ₹106 Cr which is less than its category average of ₹ 554 Cr
Expense Ratio 0.23%
This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of Axis Nifty Midcap 50 Index Fund Direct Growth is ₹13.87 as on 04-Oct-2023.
Existing (Absolute + CAGR) as on 04-Oct-2023.
Axis Nifty Midcap 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.93% | 2.93% |
6 Month Returns | 36.37% | 36.37% |
1 Year Returns | 40.95% | 40.95% |
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.
0.23% as on September 2023
₹106 Cr as on September 2023
Shriram Finance Ltd Shs Dematerialised(4.86%), Trent Ltd(4.26%), Indian Hotels Co Ltd(3.51%), AU Small Finance Bank Ltd(3.29%), The Federal Bank Ltd(3.2%) as on September 2023
Financial Services(29.3%), Consumer Cyclical(20.21%), Industrial(14.57%) as on September 2023
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 | -0.42 | - | - |
As on September 2023
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 September 2023
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 | 2.46 | - | - |
As on September 2023
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 | 11.27 | - | - |
As on September 2023
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.
Shreyash Devalkar is the fund manager of Axis Nifty Midcap 50 Index Fund Direct Growth
The Exit load of Axis Nifty Midcap 50 Index Fund Direct Growth is 0.25%