Axis Midcap Fund Growth - Latest NAV ₹42.37, Returns, Performance & Portfolio

Axis Midcap Fund Growth

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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 16.4 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years10.52%
3 Years10.03%
1 Year9.65%
6 Months23.96%
Fund Details
RiskModerately High risk
Fund TypeMid-Cap
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
Ipca Laboratories Ltd5.33%
PI Industries Ltd4.56%
Voltas Ltd3.59%
Cholamandalam Investment and Finance Co Ltd3.53%
Mphasis Ltd3.3%
Endurance Technologies Ltd3.2%
Tata Consumer Products Ltd3.16%
Trent Ltd3.16%
Avenue Supermarts Ltd3.04%
Astral Poly Technik Ltd3.02%

About Axis Midcap Fund

This is an open-ended equity scheme which aims to achieve long term capital appreciation by investing in equity/ equity related instruments of mid size companies.

Pros and Cons of Axis Midcap Fund

Benefits of investing in the Axis Midcap Fund;

  1. The investor can achieve long term capital appreciation.
  2. The company invests its fund in strong growth companies with sustainable business models and faster growth earnings.
  3. The scheme manages the risk well by actively managing the portfolio of diversified sectors.

Fund Information and Statistics of Axis Midcap Fund

i) Inception / Launch date

Axis Midcap Fund was launched on 18 February 2011 by Axis Mutual Fund.

ii) Risk level

The scheme bears moderately high risk. It may not guarantee accurate forecast ofthe future value of the assets or the market trends, other financial or economic factors or indices which may affect achievement of objectives of the scheme.

iii) Redemption

The scheme offer redemption of the units at NAV based prices on all business days, The Axis Midcap dispatch the redemption within 10 business days from the date of receipt of redemption request from the Unit holder.

iv) Fund Manager

Mr.Shreyash Devalkar is the fund manager of Axis Midcap since 23 November 2016.

v) Entry / Exit load

The entry load is not applicable for investing in this scheme. An exit load of 1% is applicable if redeemed within 1 year or 12 months from the date of allotment

Tax benefits of investing in Axis Midcap Fund

A short-term capital gain tax of 15% is applicable if sold within a year from the date of allotment, whereas long-term capital gains, in excess of Rs 1 lakh, will be taxed at 10% if sold after one year. A dividend distribution tax of 10% is also levied on dividends.

About Axis Mutual Fund

Axis Mutual Fund is backed by Axis Bank and it has launched its first scheme in 2009.Its product comprises of more than 50 plans and gives it full credits of success story to the three pillars of its strength- long term relationship with their customers, long term generation of wealth and outstanding customer’s view. The pool of money is invested in securities, debentures and shares. Based on the ratio of share numbers of the investors the return of investment is shared by the investors.

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Frequently Asked Questions

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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 16.4 Lakhs in a period of 20 years
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns