Axis Mid Cap Fund

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 

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

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 

Asset Allocation of Axis Mid Cap Fund by Market Capitalization

Top 10 Holdings of the Axis Mid Cap Fund

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