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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|GRUH Finance Ltd||5.73%|
|City Union Bank Ltd||5.29%|
|Info Edge (India) Ltd||4.91%|
|Avenue Supermarts Ltd||4.6%|
|Bajaj Finance Ltd||4.32%|
|HDFC Bank Ltd||3.8%|
|Astral Poly Technik Ltd||3.59%|
|Endurance Technologies Ltd||3.2%|
|Divi's Laboratories Ltd||3.18%|
|Bata India Ltd||3.12%|
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;
- The investor can achieve long term capital appreciation.
- The company invests its fund in strong growth companies with sustainable business models and faster growth earnings.
- 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.
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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Min amount: 1000
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