3 Year return

0
Launched on March 2022 (2 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹404.75 Cr.

Expense Ratio

0.25% (inclusive of GST)

Exit Load

0.25% - If redeemed / switched out within 7 days from the date of allotment. Nil - If redeemed / switched out above 7 days from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

JG

Jinesh Gopani

Fund Manager since Jan 2020

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹313,387.24 Cr.
No. of Schemes 260
Setup Date January 2009

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Nifty Midcap 50 Index Fund Direct Plan Growth

The Axis Nifty Midcap 50 Index Fund Direct Plan Growth is managed by Axis Asset Management Company (AMC). It falls under the category of index funds, which are designed to replicate the performance of a specific market index, in this case, the Nifty Midcap 50 Index. This index comprises the top 50 companies from the Nifty Midcap 150 Index, representing the mid-cap segment of the Indian stock market.

Investment Objectives of the Scheme

The primary objective of the Axis Nifty Midcap 50 Index Fund Direct Plan Growth is to provide returns that closely correspond to the total returns of the Nifty Midcap 50 Index, subject to tracking error. This means that the fund aims to mirror the performance of the index by investing in the same constituents in the same proportion as the index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.25%
Fund Manager Jinesh Gopani
Fund Size ₹404.75 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Axis Nifty Midcap 50 Index Fund Direct Plan Growth is a suitable investment option for various types of investors. If you are a long-term investor seeking exposure to the mid-cap segment of the Indian stock market, this fund can align well with your investment goals. Mid-cap companies often offer growth potential, making them an attractive choice for investors looking to capitalize on emerging opportunities.

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.

Combat Inflation with SIP Investments

Compound growth and steady contributions through SIPs balance the negative effects of inflation, guaranteeing that your money increases faster than inflation. Use Angel One's free SIP calculator online to estimate potential returns and plan your inflation-hedging investment strategy effectively.

FAQs

What is today's NAV of Axis Nifty Midcap 50 Index 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 Nifty Midcap 50 Index Fund Oct 11 2024 is 20.0062

What is the AUM of Axis Nifty Midcap 50 Index 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 Nifty Midcap 50 Index Fund is 404.75 crore.

What is the expense ratio of Axis Nifty Midcap 50 Index 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 Nifty Midcap 50 Index Fund is 0.25%

What are the returns of Axis Nifty Midcap 50 Index Fund since inception?

The Axis Nifty Midcap 50 Index Fund was launched on Mar 10 2022. The fund has delivered a CAGR of 31.28 since inception.

What is the minimum SIP amount to invest in Axis Nifty Midcap 50 Index 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 Nifty Midcap 50 Index Fund is 100.

How do I invest in Axis Nifty Midcap 50 Index 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 Nifty Midcap 50 Index 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 Nifty Midcap 50 Index 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 Nifty Midcap 50 Index 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.