3 Year return

21.23%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

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Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹30143.58 Cr.

Expense Ratio

0.53% (inclusive of GST)

Exit Load

If redeemed/swich out within 12 months from the date of allotment, - For 10% of investments : Nil - For remaining investments : 1% NIL - If redeemed/switch out after 12 months from the date of allotment.

Ratings

ARQ Rating
1.5

Ratings by other agencies

5
3
5

Tax Implications

Withdrawal within 1 year:

15% tax on gains

Withdrawal after 1 year:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

SD

Shreyash Devalkar

Fund Manager since Dec 2023

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹292,977.03 Cr.
No. of Schemes 249
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Midcap Fund Direct Plan Growth

The Axis Midcap Fund Direct Plan Growth is an Open-ended Mid Cap Equity scheme offered by Axis Mutual Fund House. This scheme serves as an investment avenue for individuals seeking exposure to mid-sized companies with strong fundamentals and growth potential. Additionally, the Axis Midcap Fund Direct Plan Growth boasts a relatively lower expense ratio compared to many other midcap funds. The investment strategy of the fund is based on a bottom-up approach to investing in mid caps, aimed at identifying long-term businesses with solid growth prospects.

Investment Objective of the Scheme

The main objective of Axis Midcap Fund Direct Plan Growth is to achieve long-term capital appreciation, which is done by primarily investing in equity and equity-related instruments of Mid Cap companies. Additionally, it places importance on maintaining a well-diversified portfolio across credit ratings to effectively manage potential risks.

Key Features of The Fund

5-year return 26.47%
Expense Ratio 0.53%
Fund Manager Shreyash Devalkar
Fund Size ₹30143.58 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Axis Midcap Fund Direct Plan Growth is well-suited for investors seeking opportunities for long-term growth. With a moderately high risk rating, this scheme is most suitable for individuals with a long investment horizon of at least 5 years or more, and who do not have immediate capital requirements. Investors with long-term financial goals, such as retirement planning or funding their children's education, may find this fund aligning with their objectives. However, as with any investment, careful consideration of risk tolerance and financial objectives is essential.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Compare Your SIPs Across Various Mutual Funds

Use our SIP calculator to compare SIPs across different mutual funds. Moreover, by comparing the different expected rates of returns, you can compare the returns on the same amount for different SIPs. Open our SIP calculator to estimate returns and get started on your investment journey today!

FAQs

What is today's NAV of Axis Midcap Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Midcap Fund Jul 22 2024 is 124.94

What is the AUM of Axis Midcap Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Midcap Fund is 30143.58 crore.

What is the expense ratio of Axis Midcap Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Midcap Fund is 0.53%

What are the returns of Axis Midcap Fund since inception?

The Axis Midcap Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 20.99 since inception.

What is the minimum SIP amount to invest in Axis Midcap Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Midcap Fund is 100.

How do I invest in Axis Midcap Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Midcap Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Midcap Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Midcap Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.