Axis Midcap Fund - Regular Plan - Growth

NAV 97.01(-1.99%)
Feb 14, 2025
Axis Midcap Fund - Regular Plan - Growth
AUM
₹28,380 Cr
Expense (%)
1.58
Turnover (%)
42.00
Benchmark
BSE 150 MidCap - TRI
Asset Quality
Mid, Green
Differs from benchmark (%)
57.86

Decision Maker

1. Right Fund

Performance
Quality

2. Right Time

Benchmark
Debt Fund
8%
Likely Future 5 Year CAGR.

3. Right Allocation

Will this Fund help diversify your portfolio?

3Yr Rolling Returns(%)

Benchmark# : Nifty Midcap 150

Performance Summary - 10 Year X-Ray

Dec' 15Dec' 16Dec' 17Dec' 18Dec' 19Dec' 20Dec' 21Dec' 22Dec' 23Dec' 24YTD
NAV(₹)
25.0524.2734.4635.6739.7150.0470.0266.4786.14111.9997.01
AUM(Cr.)
1262.901118.181359.151807.644140.728514.6016835.1019144.3924563.6030828.7528380.17
Benchmark# BM# Returns(%)
-----0.2824.3846.812.9743.6823.80-13.22
Fund Returns(%)
0.85-3.1141.993.5111.3326.0139.93-5.0729.5930.01-13.38
Implied  Investor Returns(%) IR(%)
1.92-2.7042.827.3123.9835.3043.25-4.4928.5130.12-62.26
Alpha(%)  (Returns over Benchmark)
----11.611.63-6.88-8.04-14.096.21-0.16
Expense Ratio(%)
1.952.222.182.401.991.891.801.781.611.561.58

CAGR

9 Year5 Year3 Year1 Year
Benchmark# BM# Returns(%)
-24.4120.2610.99
Fund Returns(%)
17.6819.9114.8819.02
Implied  Investor Returns(%) IR
19.5219.8717.2416.76
                                                                                                                                                            Benchmark# is Nifty Midcap 150

Axis Midcap Fund Review : 15 Feb 2025

Axis Midcap Fund is a Equity - Mid Cap Fund with an 28,380(Cr) AUM. It is Open Ended scheme launched on 18 Feb 2011. Currently, Shreyash Devalkar and Nitin Arora as the fund managers managing the fund. Benchmark of the scheme is BSE 150 MidCap - TRI.

1. How has the Axis Midcap Fund Performed in the past? 19

  • On a 3-year rolling returns basis It has not outperformed the Benchmark consistently..
  • The fund has delivered a 3, 5 and 9 year average rolling returns of 18.59%, 18.66%, and 18.46% with a standard deviation of 6.15%, 4.77%, and 2.45% respectively.
  • It has demonstrated CAGR of 14.88%, 19.91%, and 17.68% over 3, 5 and 9 years.
  • The Average 3, 5 and 9 year rolling Alpha is 1.14%, 3.48%, and 4.25%.
  • For last 5 years, Investors have earned less returns than the Fund. This may indicate that Investors in the fund were not aligned to the investing process followed by the fund.

2. How is the Quality of Axis Midcap Fund? Q

Fund's Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.
  • Portfolio Composition

    The fund is 88% in equity and hold 96 number of stocks. The Top 3 stocks are Fortis Healthcare, Indian Hotel and Persistent Systems and account for 9% of its portfolio. Top 5 and 10 stocks of fund account for 14% and 24% of fund’s portfolio respectively. Top three sectors of funds are Healthcare, BFSI and Auto accounting for 35% of the total portfolio.
  • 3. Should you SIP in Axis Midcap Fund? 19 Q

    • You should look for a fund with better more consistent performance track record.
    • Fund's returns likely to be fairly different than its benchmark Nifty Midcap 150 , as Fund’s portfolio is somewhat different.
    • You need to look at the other funds in your portfolio and ensure this fund helps diversify your portfolio meaningfully.
    • Before investing a large lumpsum amount in a fund you need to assess its Upside Potential. You can contact us for advice.

    4. What are the Risks in the Axis Midcap Fund?

    • Axis Midcap Fund is likely to fall lesser than the market. It is likely to do well in a falling market but not in a rising market.
    • The Fund has fallen harder, but not recovered faster than its Benchmark.

    Underlying Asset Quality & Valuation

    Underlying Asset Quality Valuation(%)
    Underlying Asset Valuation (%)

    Peer Comparison on returns

    Upside and Downside Capture Ratio

    1 Year3 Year5 Year9 Year
    Upside %
    1148081-
    Downside %
    303629-

    Statistical Measure*

    Mean Std Dev Sharpe Sortino Beta Alpha
    Fund
    0.03%0.870.010.020.91-0.16%
    Benchmark#
    0.06%1.040.040.060.91-
    *Based on daily returns for past 1 year.

    Mean and Standard Deviation

    Average Rolling Return Standard Deviation
    1 Year 3 Year5 Year9 Year1 Year3 Year5 Year9 Year
    Fund
    19.6418.5918.6618.4620.326.154.772.45
    Benchmark#
    21.8117.4515.1714.3827.9411.296.823.37
    Drawdown and Recovery Period

    No Data Found

    Top 10 Holdings

    Company (Q)Sector% Assets
    7.46
    Miscellaneous4.06
    IT3.19
    Travel & Hospitality3.16
    Healthcare3
    Chemicals2.48
    Retail2.29
    Healthcare2.14
    Telecom1.96
    BFSI1.91

    Fund Overview Axis Midcap Fund - Regular Plan - Growth

    Launch Date
    18 Feb 2011
    Benchmark
    BSE 150 MidCap - TRI
    Performance comparison Benchmark#
    Nifty Midcap 150
    Riskometer
    Very High
    Turnover
    42%
    Type
    Open ended scheme
    Return Since Launch
    18.36%
    Min. Investment
    100.00
    Min. Additional investment Min. Add. inv.
    100.00
    Min. SIP
    100.00
    Min. Cheques
    6
    Min. Withdrawal
    1.00
    Exit Load
    1.00%
    Remark
    Nil for 10% of investments and 1% for remaining investments on or before 12M, Nil after 12M
    PortfolioCompare

    FAQ : Axis Midcap Fund - Regular Plan - Growth

    Axis Midcap Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

    1 Year 3 Year 5 Year 9 Year
    CAGR(%) 19.02 14.88 19.91 17.68
    Average Rolling Returns(%) 19.64 18.59 18.66 18.46

    The Current NAV of Axis Midcap Fund - Regular Plan - Growth is ₹97.01.

    You should look for a fund with better more consistent performance track record. Funds returns likely to be fairly different than its benchmark Nifty Midcap 150 , as Funds portfolio is somewhat different.

    Axis Midcap Fund - Regular Plan - Growth fund’s expense ratio is 1.58%

    The process for redemption is

    • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
    • You will get information about the redemption and the NAV at which redeemed.
    • The amount will be deposited in the designated bank account.

    The AUM of Axis Midcap Fund - Regular Plan - Growth is currently ₹28,380 Crores.

    The Top three stocks are Persistent Systems, Indian Hotel and Fortis Healthcare and account for 9% of its portfolio. Top 5 and 10 stocks of fund account for 14% and 24% of fund’s portfolio respectively.

    Top three sectors of Axis Midcap Fund - Regular Plan - Growth fund are Healthcare, BFSI and Auto accounting for 35% of the total portfolio.

    Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Equity - Mid Cap Fund it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

    The category of Axis Midcap Fund - Regular Plan - Growth Fund is Equity - Mid Cap Fund.

    Shreyash Devalkar and Nitin Arora manage the Axis Midcap Fund - Regular Plan - Growth Fund.

    Axis Midcap Fund - Regular Plan - Growth current PE ratio is 57.16 and PB ratio is 11.16

    The asset allocation of Axis Midcap Fund - Regular Plan - Growth is Stocks : 88.44%, Debt : 11.52% and Gold : 0%

    The minimum SIP amount for Axis Midcap Fund - Regular Plan - Growth is ₹100.00 and minimum lumpsum is ₹100.00

    The exit load for Axis Midcap Fund - Regular Plan - Growth is Nil for 10% of investments and 1% for remaining investments on or before 12 months, Nil after 12 months

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