Axis Midcap Fund: Worth to Consider?

Axis Midcap Fund Direct Plan Growth: Complete Overview

Axis Midcap Direct Plan Growth is a Midcap mutual fund scheme under Axis Mutual Fund by Axix AMC. The scheme has completed an existence of approximately 11 years and 10 months since it came into execution on 1 January 2013. On 30/09/2024, Axis Midcap mutual fund had an AUM (assets under management) of Rs.30,008 Cr and ranks among medium-sized funds in its category. 

The latest NAV (Net Asset Value) of axis mid-cap fund growth as of 22.11.2024 is Rs.125.52. The expense ratio of the fund is a paltry 0.54% close to what would be charged by most other Mid Cap funds.

Last 1-year 36.76% returns from this fund. It gave an average annual return of 20.42% post-launch. It is said to double the money invested in it once every 4 years.

The scheme would perform much like most funds under the same category in terms of its consistent returns. It's less than average in its capacity to control losses during a bearish market.

It has the majority of its holdings in Capital Goods, Healthcare, Financial and Services, and Automobile sectors. Capital Goods and Healthcare take relatively lesser exposure as compared to the other funds in the category.

 

Click here to apply for the Mutual fund.

 

Axis Midcap Fund Mutual Funds: Scheme Overview

Objective: The purpose of the scheme is to achieve long-term capital with the investment mainly of equity and equity instruments in mid-cap companies.

Return/Risk: This fund generates 20% higher returns for each unit of risk it assumes.

Volatility Protection: Among the strongest funds in its category, this one offers protection from volatility.

Return Consistency: In terms of producing a steady return within its category, this fund performs worse.

 

Is Axis Midcap Fund for Me?

This Midcap Mutual fund scheme from Axis is good for such investors who want to invest for long-term capital appreciation by investing in a portfolio of large, mid, and small-cap equity and equity-related securities. Also, investors should be ready for the probability of losses in their investments if things don’t go well as expected.

Peers of Axis Midicap Fund- Growth

 

Returns/ Performance of Axis Midcap Fund-Direct

 

Portfolio Allocation. 

 

Top Stock Holdings

Axis Midcap Fund: Scheme Managers

• Shreyash Devalkar.

• Nitin Arora.

Conclusion / Worth to Consider?

Axis Midcap Fund is an attractive option for long-term capital appreciation for investors, especially for those who are willing to take a higher risk generally associated with mid-cap mutual funds. The fund has shown very good performance since inception, delivering an average annualized return of 20.42%, which suggests steady growth over time. Priced at a reasonable expense ratio of 0.54%, it proves to be value for money vis-a-vis other funds in the category.

However, there are a few points that need to be looked into before an investor picks this fund. For all the glory of being one of the best in the mid-cap segment with a one-year return of 36.76%, the performance on the downside or in a bearish market is somewhat weaker compared to a few others in this category. This may result in higher losses during market corrections and is generally more suited to high-risk investors.

Disclaimer: Not a buy or sell recommendation. No investment advice is given. This blog is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with an eligible financial advisor before investing.