3 Year return
21.94%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹26636.78 Cr.
Expense Ratio
0.52% (inclusive of GST)
Exit Load
If redeemed/swich out within 12 months from the date of allotment, - For 10% of investments : Nil - For remaining investments : 1% NIL - If redeemed/switch out after 12 months from the date of allotment.
Tax Implications
Withdrawal within 1 year
Exit load + 15% tax on gains
Withdrawal after 1 year
10% tax on gains over ₹1 Lakh per financial year
Fund Holdings
Axis Mutual Fund Managers
SD
Shreyash Devalkar
Fund Manager since Dec 2023
Fund House Details
Axis Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Motilal Oswal Midcap Fund Direct IDCW Payout/Payout Payout |
37.32% |
4.5 |
Quant Mid Cap Fund IDCW Direct Plan Payout |
34.75% |
4 |
Mahindra Manulife Mid Cap Fund Direct Plan IDCW Payout |
29.43% |
2 |
Schemes by Axis Mutual Fund
List of mutual fund schemes by AMC
Other . FoFs Domestic
Axis All Seasons Debt Fund of Funds Direct Plan Annual IDCW Payout
Other . FoFs Domestic
Axis All Seasons Debt Fund of Funds Direct Plan Annual IDCW Reinvestment
Other . FoFs Domestic
Axis All Seasons Debt Fund of Funds Direct Plan Growth
Other . FoFs Domestic
Axis All Seasons Debt Fund of Funds Direct Plan Half Yearly Dividend Option Payout
Other . FoFs Domestic
Axis All Seasons Debt Fund of Funds Direct Plan Half Yearly Dividend Option Reinvestment
About Axis Midcap Fund Direct Plan Growth
The Axis Midcap Fund Direct Plan Growth is an Open-ended Mid Cap Equity scheme offered by Axis Mutual Fund House. This scheme serves as an investment avenue for individuals seeking exposure to mid-sized companies with strong fundamentals and growth potential. Additionally, the Axis Midcap Fund Direct Plan Growth boasts a relatively lower expense ratio compared to many other midcap funds. The investment strategy of the fund is based on a bottom-up approach to investing in mid caps, aimed at identifying long-term businesses with solid growth prospects.
Investment Objective of the Scheme
The main objective of Axis Midcap Fund Direct Plan Growth is to achieve long-term capital appreciation, which is done by primarily investing in equity and equity-related instruments of Mid Cap companies. Additionally, it places importance on maintaining a well-diversified portfolio across credit ratings to effectively manage potential risks.
Key Features of The Fund
5-year return | 24.11% |
Expense Ratio | 0.52% |
Fund Manager | Shreyash Devalkar |
Fund Size | ₹26636.78 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
Axis Midcap Fund Direct Plan Growth is well-suited for investors seeking opportunities for long-term growth. With a moderately high risk rating, this scheme is most suitable for individuals with a long investment horizon of at least 5 years or more, and who do not have immediate capital requirements. Investors with long-term financial goals, such as retirement planning or funding their children's education, may find this fund aligning with their objectives. However, as with any investment, careful consideration of risk tolerance and financial objectives is essential.
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 |
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.
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FAQs
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How do I invest in Axis Midcap Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Axis Midcap Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Axis Midcap Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Axis Midcap Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.