Axis Mid Cap Fund

Axis Mid Cap Fund is an open-ended equity mutual fund that predominantly allocates its capital in mid-cap stocks. The fund aims to achieve long-term capital growth for its investors through its strategy of investing in mid-cap stocks.

Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹1 Crore

    Invest ₹10k per month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Grow Your Wealth !

Best Plans With High Returns Available On One Platform

+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Axis Mid Cap Fund Facts

Axis Mid Cap Fund was launched on 18/02/2011, which means it has been in existence for more than 10 yrs. And currently, this fund manages an AUM of ₹15,987.99 Cr (as of October 31 2021).

The Axis Mutual Fund manages the Axis Mid Cap scheme. It launched its first fund in 2009. Axis Mutual Fund is owned by Axis Bank Limited, which owns 74.99% of the company, and the Schroder Singapore Holdings Private Limited owns 25%.

The Axis Mid Cap scheme has two types of plans: 

  • Growth plan

  • IDCW (Income Distribution cum Capital Withdrawal)

Axis Mid Cap Fund: Asset Allocation Pattern 

Investing Instruments

Asset Allocation 

Risk Profile

Maximum

Minimum

Equity and Equity Related Instruments of Mid Cap Companies

100%

65%

High Risk

Equity and Equity Related Instruments of Non-Mid-Cap Companies

35%

0%

High Risk

Debt and Money Market Instruments

35%

0%

Low to Medium Risk

Units issued by REITs and InvITs

10%

0%

Medium to High Risk

Investment Objective

The investment objective of the Axis Mid Cap Fund is to provide long-term capital growth to its investors by allocating its capital primarily in equity and equity-related instruments of mid-cap companies.

The fund managers use a fair value research process to analyze the potential of any stock (fair value of a stock is the intrinsic value of that company). The companies selected have a sustainable competitive advantage over their peers due to their robust business model.

Fund Summary

  1. Axis Mid Cap Fund (Regular – Growth):

    • Expense ratio - 1.81% (as of Oct 31, 2021 )

    • Exit Load - 1.0% (If more than 10% of the investments are redeemed or switched out before 12 months from the allotment date. After 12 months, the exit load will become 0.)

    • AUM (Fund Size) - ₹15,987.99 cr (as of 31 Oct 2021)

    • Lock-in period - No Lock-in period

    • Age of the fund - The Axis Mid Cap Fund (Regular–Growth) was launched on 18/02/2011

    • Benchmark Index - S&P BSE Mid Cap TRI

    • Minimum Investment - Minimum SIP is ₹1000 & Minimum Lumpsum is ₹5000

  2. Axis Mid Cap Fund (Direct - Growth):

    • Expense ratio - 0.46% (as of Oct 31, 2021 )

    • Exit Load - 1.0% (If more than 10% of the investments are redeemed or switched out before 12 months from the allotment date. After 12 months, the exit load will become 0.)

    • AUM (Fund Size) - ₹15,987.99 cr (as of 31 Oct 2021)

    • Lock-in period - No Lock-in period

    • Age of the fund - The Axis Mid Cap Fund (Regular–Growth) was launched on 01/01/2013

    • Benchmark Index - S&P BSE Mid Cap TRI

    • Minimum Investment - Minimum SIP is ₹500 & Minimum Lumpsum is ₹5000

Fund Return Summary

  1. Returns of Axis Mid Cap Fund (Regular–Growth) (as of October 31, 2021)

    1 year

    63.50%

    3 years

    27.55%

    5 years

    20.73%

    Since Inception

    19.92%

    *Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

  2. Returns of Axis Mid Cap Fund (Direct-Growth) (as of October 31, 2021)

    1 year

    65.68%

    3 years

    29.28%

    5 years

    22.24%

    Since Inception

    21.76%

    *Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

Pros

Cons

This scheme has an affordable expense ratio (0.46% for Direct Plan)

Not suitable for short-term or very short term investors

Mid-Cap funds have a higher potential to generate more returns than large-cap or multi-cap funds

Mid-Cap funds are High-Risk 

Strategically diversified investments

Performance Risk

Bottom-Up strategy for stock selection

Liquidity Risk

Benefits of Axis Mid Cap Fund

Axis Mid Cap Fund offers certain benefits as listed below:

  • Mid-Caps – The mid-cap segment has a higher potential to generate great returns.

  • Strategy – Axis Mid Cap fund follows a bottom-up strategy for the stock selection process.

  • Long-term – This scheme focuses on long-term investments.

  • Affordable Expense Ratio – This scheme has an affordable expense ratio that makes investment a viable option for more people.

  • No lock-in period – A no lock-in period means you can have access to your funds whenever you want.

  • Returns – The Axis Mid Cap Fund has performed consistently over the years and has delivered good returns to its investors.

Asset Allocation of Axis Mid Cap Fund by Sector 

Sector 

% Of Net Assets

Financial Services

18.14%

IT

15.08%

Consumer Goods

13.51%

Industrial Manufacturing

8.63%

Consumer Services

8.44%

Asset Allocation of Axis Mid Cap Fund by Market Capitalization

Market Cap

% Of Net Assets

Large Cap

32.99%

Mid Cap

60.43%

Small Cap

0.15%

Other Cap

0%

Top 10 Holdings of the Axis Mid Cap Fund

Stocks

% Of Net Assets

Cholamandalam Investment and Finance Company Limited

4.35%

ICICI Bank Limited

4.31%

Coforge Limited

3.42%

MindTree Limited

3.22%

Astral Limited

3.20%

Bajaj Finance Limited

3.08%

HDFC Bank Limited

3.07%

Avenue Supermarts Limited

3.07%

Crompton Greaves Consumer Electricals Limited

3.02%

Mphasis Limited

2.98%

Who Should Invest in the Axis Mid Cap Fund?

The individuals meeting the following criteria or requirements should invest in this fund.

  • Higher risk appetite for their investments

  • Long term horizon for their investments

  • Capital appreciation through equity and equity-related investments

  • Exposure in mid-cap stocks

FAQ's

  • Q. What is a “Cap” in equity markets?

    A. The cap means market capitalization. It is the current market value of any stock. It is calculated by the (total number of shares outstanding) x (the price of each share).
  • Q. What are open-ended funds?

    A. According to the Securities and Exchange Board of India (SEBI), an open-ended fund is a mutual fund scheme where the shares can be issued and redeemed at any time.
  • Q. What is Expense Ratio?

    A. The expense ratio is a fee that is charged by the fund house to the investors. This fee is used for the maintenance of the fund house. It includes annual operating costs, management fees, fees for other staff members, advertising costs, etc.
    For Axis Mid Cap Fund, the Expense ratio is 0.46% (Direct-Growth) and 1.81% (Regular–Growth).
  • Q. What is Exit Load?

    A. Exit load is a fee that the fund house charges to the investors when they exit or redeem the units of the fund. 
    For Axis Mid Cap Fund, the Exit Load is 1.0% if you redeem or switch out more than 10% of your investment within 12 months of investing. Otherwise, the exit load is zero for the Axis Mid Cap Fund.
  • Q. What is a lock-in period?

    A. A lock-in period is a time at which an investor cannot exit or redeem his/her investments or units of the fund.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL