Axis Midcap Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 102   0.69(0.681 %) NAV as on 22 Feb 2024
Prime Rating: 2.5 
Prime Recommendation: Upgrade to see

Fund type:
Equity
AUM (in crores):
₹ 24,533.62
Fund category:
Mid Cap Fund
Fund manager(s):
Shreyash Devalkar, Nitin Arora, Vinayak Jayanath
Benchmark:
S&P BSE 150 MidCap - TRI
Minimum investment:
₹ 100
Launch date:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.52 %
Exit load:
Nil for 10% of investments and 1% for remaining investments on or before 12M, Nil after 12M

Scheme Objective: To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.


Performance (As on 22 Feb 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme16.27 % 36.64 % 20.25 %22.66 % 19.74 %
Nifty Midcap 15025.11 % 57.80 % 27.95 %25.00 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
Trent Limited
4.57%
Persistent Systems Limited
4.09%
The Indian Hotels Company Limited
3.91%
Cholamandalam Investment and Finance Company Ltd
3.68%
Supreme Industries Limited
3.65%
ICICI Bank Limited
2.89%
Cummins India Limited
2.62%
Sona BLW Precision Forgings Limited
2.55%
UNO Minda Limited
2.41%
Fortis Healthcare Limited
2.34%

About this category

Mid-cap funds invest in stocks from the 101st to the 250th in terms of market capitalisation. As they invest in stocks of smaller companies, they tend to be volatile but can deliver very strong returns during market uptrends. The Nifty Midcap 100, Nifty Midcap 150 or the BSE Midcap can be used as benchmarks to measure performance.

Suitability

Midcap funds suit investors with moderate to high risk appetites. The minimum period for which these funds need to be held is 5 years. Higher risk investors with longer timeframes can allocate more to these funds.

Taxation

Short-term: Holding period is less than 12 months.

Taxation: Capital gains are taxed at 15%


Long-term: Holding period is 12 months or more.

Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.

How are mutual funds taxed?

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