Axis Midcap Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Strong capital defense: downside capture of 76% limits losses during market corrections.
- Generated +2.3% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 1.77% is lower than category median (2.11%).
- Large asset base (₹34,908 Cr) may make active stock entry and exit slower in mid/small caps.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +4.62% | +4.07% | +0.55% |
| 3 Months | -0.25% | -1.98% | +1.73% |
| 6 Months | +4.94% | +3.41% | +1.53% |
| 1 Year | +6.58% | +3.63% | +2.95% |
| 3 Years CAGR | +15.76% | +15.02% | +0.74% |
| 5 Years CAGR | +11.08% | +12.65% | -1.57% |
| 7 Years CAGR | +17.63% | +19.98% | -2.35% |
| 10 Years CAGR | +17.09% | +15.76% | +1.33% |
| Since Inception | +17.28% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Axis Midcap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +8.15% | +5.43% | +2.72% |
| 2025 | +1.00% | +1.71% | -0.71% |
| 2024 | +30.01% | +29.27% | +0.74% |
| 2023 | +29.59% | +37.88% | -8.29% |
| 2022 | -5.07% | +2.02% | -7.09% |
| 2021 | +39.93% | +48.43% | -8.50% |
| 2020 | +26.01% | +24.33% | +1.68% |
| 2019 | +11.33% | +5.15% | +6.18% |
| 2018 | +3.51% | -12.21% | +15.72% |
| 2017 | +41.99% | +41.38% | +0.61% |
| 2016 | -3.11% | +3.21% | -6.32% |
| 2015 | +0.85% | +8.03% | -7.18% |
| 2014 | +76.55% | +73.48% | +3.07% |
| 2013 | +4.07% | +4.64% | -0.57% |
| 2012 | +52.60% | +45.00% | +7.60% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -17.73% | +19.96% | +14.58% | +99.63% | 84.7% | 22.7% |
| 3-Year Rolling | +3.58% | +19.59% | +18.99% | +41.03% | 100.0% | 4.1% |
| 5-Year Rolling | +3.98% | +18.35% | +19.42% | +28.57% | 100.0% | 0.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-02-20 | 2020-03-23 | -29.4% | 1 months | 6 months |
| 2015-08-05 | 2016-02-26 | -25.5% | 7 months | 13 months |
| 2013-01-07 | 2013-09-03 | -22.3% | 8 months | 4 months |
Portfolio & Asset Allocation
Filing Date: 2026-09-30Top 10 Security Holdings
| # | Company / Security | NSE Symbol | Asset Class | Weight (%) | Value (Cr) |
|---|---|---|---|---|---|
| 1 |
TREPS
|
- | Cash |
6.46%
|
₹2,166.2 Cr |
| 2 |
THE FEDERAL BANK LIMITED EQ NEW FV RS.2/-
FEDERALBNK
|
FEDERALBNK | Equity |
3.98%
|
₹1,334.4 Cr |
| 3 |
APAR INDUSTRIES LIMITED EQ
APARINDS
|
APARINDS | Equity |
2.84%
|
₹951.0 Cr |
| 4 |
SONA BLW PRECISION FORGINGS LIMITED EQ
SONACOMS
|
SONACOMS | Equity |
2.69%
|
₹902.1 Cr |
| 5 |
FORTIS HEALTHCARE LIMITED EQ
FORTIS
|
FORTIS | Equity |
2.61%
|
₹875.9 Cr |
| 6 |
GE VERNOVA T&D INDIA LIMITED EQ NEW RS. 2/-
GVT&D
|
GVT&D | Equity |
2.41%
|
₹807.2 Cr |
| 7 |
THE INDIAN HOTELS COMPANY LIMITED EQ NEW FV RE.1/-
INDHOTEL
|
INDHOTEL | Equity |
2.38%
|
₹797.8 Cr |
| 8 |
IPCA LABORATORIES LIMITED EQ NEW FV RE .1/-
IPCALAB
|
IPCALAB | Equity |
2.3%
|
₹771.8 Cr |
| 9 |
THE PHOENIX MILLS LIMITED EQ NEW RS.2/-
PHOENIXLTD
|
PHOENIXLTD | Equity |
2.29%
|
₹769.1 Cr |
| 10 |
LENSKART SOLUTIONS LIMITED EQ
LENSKART
|
LENSKART | Equity |
2.22%
|
₹744.9 Cr |
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity Related Instruments of Midcap companies - (65%-100%),Equity and Equity Related Instruments of non Mid-cap Companies - (0%-35%), Debt and Money Market Instruments - (0%-35%),Units issued by InvITs - (0%-10%) | Per Scheme Mandate |
Investment Objective & Strategy
To achieve long term capital appreciation by investing predominantly in equity & equity related instruments ofMid Cap companies.There is no assurance that the investment objective of the Scheme will be achieved.
Fund Size Position
Currently managing Rs 34,908 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as stretched relative to Mid Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Mid Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Motilal Oswal Midcap Fund | 6.7 | +17.20% | 1.60% | 96.4% | Rs 43,152 cr | Compare → |
| Sundaram Mid Cap Fund | 5.7 | +16.06% | 1.86% | 89.3% | Rs 14,409 cr | Compare → |
| Edelweiss Mid Cap Fund | 6.8 | +18.04% | 1.87% | 90.3% | Rs 20,119 cr | Compare → |
| BANDHAN MID CAP FUND | 5.7 | +16.26% | 2.11% | 92.1% | Rs 2,678 cr | Compare → |
| HSBC Midcap Fund | 6.5 | +20.54% | 2.15% | 92.9% | Rs 17,769 cr | Compare → |
Frequently Asked Questions about Axis Midcap Fund
What is the expense ratio of Axis Midcap Fund?
Axis Midcap Fund has a total expense ratio (TER) of 1.77% with a base expense ratio of 1.32%, compared to the Mid Cap category median of 2.11%.
Who manages Axis Midcap Fund?
Axis Midcap Fund is managed by Shreyash Devalkar (tenure: 10.0 years since 2016-11-23).
What are the historical returns of Axis Midcap Fund?
Axis Midcap Fund delivered a 3-year CAGR of 15.76% and a 5-year CAGR of 11.08%. Its 1-year return stands at +6.58%.
How large is Axis Midcap Fund?
Axis Midcap Fund manages assets of Rs 34,908 cr, placing it in the 'stretched' size band relative to Mid Cap peers.
How is Axis Midcap Fund scored on MFIQ?
Axis Midcap Fund holds an MFIQ Score of 6.2/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Axis Midcap Fund?
Axis Midcap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 14.97% with a maximum historical drawdown of -29.44%.