Axis Midcap Fund Direct Plan Growth

About Axis Mid Cap Fund - Direct Plan - Growth

The main objective of the Axis Mid Cap Fund is to create a considerable amount of income through capital gains by investing in equity and equity-linked instruments of the companies that are categorised under mid-cap on the basis of their market capitalisation.

Pros and Cons of Axis Mid Cap Fund - Direct Plan - Growth

The main advantage of investing in this fund is that you get exposure to a diversified portfolio consisting of mid-cap stocks across all market capitalisations. This gives investors the potential to earn higher returns when the markets are booming. On the flip side, the risk possessed by this fund is on the higher side.

Fund Information and Statistics

i) Inception/Launch Date Axis Mid Cap Fund was launched on 1 January 2013.

ii) Risk Level Since the asset allocation of the Axis Mid Cap Fund is mostly made towards stocks, the risk possessed by this fund is on the higher side.

iii) Redemption Since this mutual fund scheme is open-ended in nature, you can redeem your investment at any time. However, you have to be aware of the applicable tax on capital gains and exit load.

iv) Fund Manager Mr Shreyash Devalkar is the current fund manager of the Axis Mid Cap Fund.

v) Entry/Exit Load An exit load of 1% applies if more than 10% of the units allotted is redeemed within the first twelve months of investment. There is no entry load as per the norms of the Securities and Exchange Board of India (SEBI).

About Axis Mutual Fund

Axis Mutual Fund is one of the leading fund houses in the country. It registered with the Securities and Exchange Board of India (SEBI) in the year 2009. As of March 2020, the total assets under management (AUM) of the Axis fund house stood at Rs 1.38 lakh crore. Axis Mutual Fund registered with SEBI with Axis Mutual Fund Trustee Limited as the trustee and Axis Bank Limited as the sponsor.