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  • Axis Midcap Fund (Growth)
Axis Mutual Fund

Axis Midcap Fund (Growth)

EquityMid Cap

Recommended

Top Ranked

72.33

NAV (Oct 13)

21.6%
5 Year CAGR
Scripbox Opinion

Recommended

Axis Midcap Fund (Growth) is recommended for investment within mid cap mutual funds.

Mid cap funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Track Record

10 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

15,395 Cr. Category leader in size

Category View

Positive. The category has a positive investment outlook

Consistency Of Performance

Good. The historical performance of the fund has been good

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  • graph-icon-gray
    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    No Lock-in
  • graph-icon-gray
    Grow Wealth , Retirement , Kid's Education

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Historical NAV

72.33

NAV (Oct 13)

Fund Returns

Last 1Y
70.1%
Last 3Y
29.7%
Last 5Y
21.6%
Last 10Y
21.9%
Since Inception
20.4%
6 Month CAGR
35%
info-icon-blue

Scheme Information

Investment Objective

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Very High Risk

Expense Ratio
1.84
Launched (10y ago)
Feb 18, 2011
AUM in Crores
15394.862
ISIN
INF846K01859
Lock-in
No Lock-in
Benchmark
S&P BSE Midcap TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Fund Managers
user-avatar

Hitesh Das

Fund Manager

user-avatar

Shreyash Devalkar

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Build Long Term Wealth

Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

  • Inflation beating returns
    Inflation beating returns
  • Grow Wealth , Retirement , Kid's Education
    Grow Wealth , Retirement , Kid's Education
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record

SBI Focused Equity Fund (G)

recommended-badge

₹ 20,371 cr

5

recommended-badge

₹ 5,357 cr

5

recommended-badge

₹ 5,218 cr

5

recommended-badge

₹ 3,953 cr

5

recommended-badge

₹ 3,346 cr

5

amc-icon

About the AMC

Axis Asset Management Company Limited

Axis Asset Management Company Limited manages assets worth 251,316 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 33 equity,93 debt and 35 hybrid funds.

amc-img

  • tel-amc-about
    022-43255161
  • mail-amc-about
    customerservice@axismf.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    5%

    7.2%

    recommended-badge

    23.8%

    14.4%

    recommended-badge

    29.7%

    20.4%

    top-ranked-badge

    4.5%

    6.8%

    top-ranked-badge

    3.7%

    5.2%

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Grow Wealth , Retirement , Kid's Education
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Parag Parikh Flexi Cap fund (Growth)

    Parag Parikh Flexi Cap fund (Growth)

    Equity

    Diversified

    Mirae Asset Large Cap Fund (Growth)

    Mirae Asset Large Cap Fund (Growth)

    Equity

    Large Cap

    Axis Bluechip Fund (Growth)

    Axis Bluechip Fund (Growth)

    Equity

    Large Cap

    Invesco India Growth Opportunities Fund (Growth)

    Invesco India Growth Opportunities Fund (Growth)

    Equity

    Diversified

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    Axis Midcap Cap Fund-Growth is an open-ended midcap equity mutual fund scheme. The fund primarily invests in equity & equity related instruments of midcap companies. The fund provides long-term capital appreciation and wealth creation over the investment tenure. Axis Mutual Fund manages the fund with the fund manager being Mr. Shreyash Devalkar. The fund is more suitable for an investment goal like children’s education & their future, retirement or any other long term growth. The fund is under a continuous and active management of its portfolio. Its portfolio is diversified across sectors in order to manage the risk. 

    Axis Midcap Cap Fund-Growth Investment Objective

    The investment objective of the Scheme is to generate long term capital appreciation by investing predominantly in equity & equity-related instruments of Mid Cap companies. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The fund invests its assets in stocks of Indian companies by market capitalization. Midcap companies have the potential to deliver superior returns due to potential of faster earnings growth. Moreover, such companies are emerging in terms of growth and potential. However, it is important to be vigilant about the business and growth prospects of these companies. 

    Axis Midcap Cap Fund-Growth Scheme Details

    The scheme was launched on 18th February 2011 and it has been in existence for the past 10 years. It provides inflation-beating returns and growth of capital over the investment horizon.

    NAV and Returns – As of 28th June 2021, the NAV of the fund is Rs 60.8. The risk-o-meter of the fund is very high risk. With this risk level, the investor must understand that their principal amount invested is at very high risk. With the existence of 10 years, Axis Midcap Cap Fund-Growth has delivered a return of 19% since its inception.

    Minimum Investment – The fund requires a minimum SIP investment of Rs 1000 and a minimum lump sum investment of Rs 5000

    Expense Ratio and Exit Load – The expense ratio charged by the fund is 1.87%. This expense ratio is similar to the expense ratio charged by other AMCs for similar funds. The fund charges an exit load on the redemption of units. Such an exit load of 1% for units in excess of 10% of the investment is charged for any redemption within 12 months. However, there is no exit load if the redemption is done after 12 months.

    Fund Manager – The fund is managed by Mr. Shreyash Devalkar. Mr. Devalkar has been Managing this fund since 23rd Nov 2016. He is the Senior Fund Manager of Equity at Axis Asset Mutual Funds. He possesses experience of over 17 years in capital markets. He has prior experience working with IDFC Securities Ltd., IDFC AMC, and BNP Paribas AMC.

    Other Details – No lock-in period for the scheme and hence you can redeem your investment anytime. The AUM of Axis Midcap Cap Fund-Growth as of 28th June 2021 is Rs 11,835 cr. The fund benchmarks to S&P BSE Midcap TR INR. This fund is meant for a long-term minimum investment horizon of 10-15 years. Due to the asset class nature of the scheme, an investor may expect volatility over the short term.

    1 Year Return60.20%
    3 Years Return21.80%
    5 Years Return19.90%
    10 Years Return19.30%
    Returns Updated as of 28th June 2021

    Axis Midcap Cap Fund-Growth Top Stock Holdings

    The Axis Midcap Cap Fund-Growth has invested its assets majorly in the stocks of the following companies:

    CompanyPercentage of Holding (As of 28th June 2021)
    Clearing Corporation of India Limited6.20%
    Cholamandalam Investment and Finance Co Limited5%
    Voltas Limited SHS Dematerialised3.90%
    Astral Limited3.70%
    Coforge Limited SHS Dematerialised3.40%
    PI Industries Limited3.40%
    ICICI Bank Limited3.30%
    Crompton Greaves Consumer Electricals Limited3%

    Asset Allocation of Axis Midcap Cap Fund-Growth

    The Axis Midcap Cap Fund-Growth has invested in the following  sectors:

    SectorPercentage of Holding (As of 28th June 2021)
    Financial Services20.5%
    Consumer Cyclical16.5%
    Technology13.50%
    Industrials13.50%
    Basic Materials11.50%
    Healthcare7.70%
    Consumer Defensive5.10%

    Axis Midcap Cap Fund-Growth Review

    Scripbox recommends Axis Midcap Cap Fund-Growth for investment within a mid cap mutual fund category. Midcap mutual funds provide inflation-beating returns and growth over the long term. An investor who is looking for a long-term investment with the goal of wealth creation and capital appreciation may prefer the fund. Moreover, the recommended investment duration is 10-15 years or longer (minimum 5 years).

    1. The fund has a sufficient history of 10 years for analysis. Track record is excellent.
    2. With an AUM or relative size of Rs 11,835 cr, the fund is a leader in size within its category.
    3. The historical performance of the scheme has been good so far. Moreover, the returns earned are similar to other funds in the same category of mutual funds.

    How Scripbox Algorithmically Selects Mutual Funds?

    Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
    • Consideration of the maximum number of factors that can impact an investment product
    • Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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    HDFC Index FundMirae Asset Large Cap Fund
    SBI Ultra Short Term FundTata Liquid Fund
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