Mutual Funds

Axis Mid Cap Fund

Axis Midcap Fund Summary

Axis Mid Cap Fund was launched on 18th February 2011. It is an open-ended equity scheme predominantly investing in mid-cap stocks. Launched on 18th February 2011, the fund has 82.5% investment in Indian stocks of which 10.04% is in large cap stocks, 60.55% is in mid cap stocks, 6.27% in small cap stocks. The scheme is best suited for investors who are looking to invest money for at least 5 years and are aiming for high risk-high returns.

Axis Mid Cap Fund Portfolio Diversification  (as on 30th June, 2020)

Assets Allocation
Equity Holding85.11%
Debt14.89%
Others1.48%
Industry Exposure
Consumer Goods22.79%
Pharma15.16%
Financial Services12.33%
Industrial Manufacturing6.99%
Oil & Gas5.05%
Cement & Cement products3.61%
Telecom Services1.27%
Services1.03%
IT6.22%
Textiles0.95%
Automobile3.28%
Pesticides3.60%
Chemicals1.82%
Miscellaneous1.01%

Top 10 Holdings (as on 30th June 2020)

Avenue Supermarts Ltd.4.77%
IPCA laboratories Ltd.4.62%
Bata India Ltd.3.48%
PI industries Ltd.3.32%
Indraprastha Gas Ltd.1.96%
Voltas Ltd.3.40%
Tata Consumer Products Ltd.2.99%
Astral Poly Technik Ltd.2.88%
City Union Bank Ltd.2.26%
Trent Ltd.3.05%
Top 10 Holdings of Axis Mid Cap Fund

Axis Midcap Fund Performance

This scheme has beaten its benchmark since inception (18th February, 2011).

Axis Mid Cap Fund Performance (as on 30th June, 2020)

PeriodDirect Fund ReturnBenchmark ReturnRegular Fund ReturnBenchmark Return
1 Y3.42%-10.56%2.05%-10.56%
3 Y9.84%-2.71%8.52%-2.71%
5 Y9.15%5.33%7.86%5.33%
Since Inception15.78%9.64%15.16%8.87%

Scheme Strategy

  • The objective of this scheme is to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid-cap companies.
  • Mid-cap companies have the potential to deliver superior returns due to potential of faster earnings growth.
  • These companies are emerging companies and hence it is crucial to be vigilant about their business and growth prospects and hence carry risk.

Axis Mid Cap Fund Management

This fund has been managed by Mr. Shreyash Devalkar since 23rd November 2016. He is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University). Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank. He has over 16 years of work experience.

Important Measures (As on 30th June, 2020)

ComponentValue
Standard deviation18.67%
Sharpe0.25
Beta0.73

Benchmark Index: S&P BSE Midcap TRI

Net AUM: ₹ 5,510.73 crores

Expense Ratio: Regular- 2.05% & Direct- 0.55%

Entry Load: NA

Exit Load: If redeemed / switched-out within 12 months from the date of allotment, for 10 % of investments: Nil, for remaining investments: 1%, If redeemed / switched – out after 12 months from the date of allotment: NIL (w.e.f. 25th September 2017)

Portfolio Turnover: 0.56 times (1 year)

Axis Midcap Fund NAV (in Rs) *As per fund fact sheet 30th June, 2020

 GrowthDividend
Regular Plan37.5321.94
Direct Plan11.9010.73

Investment Risk: Moderately High

Minimum SIP amount: ₹ 500

Minimum investment amount (one time): ₹ 5000

Scheme suitable only if you are an investor-

  1. Who is looking for capital appreciation over long term.
  2. Whose investment preference is predominantly in equity & equity related instruments of mid-cap companies. 

Tarrakki’s View

Tarrakki recommends this scheme to the investors who want to invest for a minimum of 5 years. This fund has outperformed its category average since inception. It has a small fund size of Rs 5,156.50 crores, which allows the fund to invest across mid cap space. This fund is suitable for investors with high risk tolerance only.

 About AMF

Axis Mutual Fund launched its first scheme in October 2009 Since then Axis Mutual fund has grown strongly. Axis attribute its success thus far to our 3 founding principles – Long term wealth creation, Outside in (Customer) view and Long term relationship.

Address: Axis House, First Floor, C-2 Wadia International Centre, Pandurang Budhkar Marg Worli, 400025.

Phone No: 8108622211 / 1800 221 322

Email ID: customerservice@axismf.com

Website: https://www.axismf.com

Tarrakki list of top 10 funds to invest.

1. UTI Nifty Index Fund
2. Mirae Asset Tax Saver Fund
3. Axis Focused 25 Fund
4. Nippon India Liquid Fund
5. Mirae Asset Emerging Blue Chip Fund
6. Franklin India Ultra Short Bond Fund
7. Axis Mid-Cap Fund
8. Coming Soon
9. Coming Soon
10. Coming Soon

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