Axis Midcap Fund, managed by Axis Mutual Fund, focuses on investing primarily in mid-cap equities within the Indian market. As of July 4th, 2024, the fund’s NAV stands at ₹110.93, reflecting a growth of 0.73% from the previous day. It holds a Below Average performance rank compared to its peers, with a fund size of ₹27,747.62 crore, constituting 8.45% of its category.
Axis Midcap Fund – Returns
| Period Invested For | Absolute Returns | Annualised Returns | Category Average |
| 1 Month | 14.69% | – | 15.66% |
| 3 Months | 19.27% | – | 17.41% |
| 6 Months | 28.63% | – | 25.50% |
| 1 Year | 48.60% | 48.44% | 56.57% |
| 2 Years | 82.75% | 35.13% | 40.71% |
| 3 Years | 80.79% | 21.76% | 25.64% |
| 5 Years | 200.05% | 24.55% | 26.16% |
| 10 Years | 432.04% | 18.18% | 18.73% |
| Since Inception | 1009.30% | 19.70% | 23.30% |
Axis Midcap Fund – Risk Analysis
The fund is classified under the “Very High” risk category, indicating potential for high returns but with corresponding volatility.
- Standard Deviation: 13.88 (vs. 15.34 Category Avg)
- Beta: 0.79 (vs. 0.89 Category Avg)
- Sharpe Ratio: 0.97 (vs. 1.09 Category Avg)
- Treynor’s Ratio: 0.17 (vs. 0.19 Category Avg)
- Jension’s Alpha: -1.52 (vs. -0.2 Category Avg)
Axis Midcap Fund – Portfolio Analysis
- Equity Allocation: 94.97%
- Debt Allocation: 0%
- Others: 5.03%
Top 5 Sectors by Allocation
- Capital Goods (22.83%)
- Financial Services (14.62%)
- Automobile and Auto Components (14.30%)
- Healthcare (8.69%)
- Consumer Services (8.34%)
Top Holdings
| Stock | Sector | % of Total Holdings |
| Supreme Industries Ltd. | Plastic products – industrial | 3.69% |
| Cummins India Ltd. | Compressors, pumps & diesel engines | 3.46% |
| Trent Limited | Speciality retail | 3.17% |
| Cholamandalam Investment & Finance Co. Ltd. | Non banking financial company (nbfc) | 3.03% |
| Indian Hotels Company Limited | Hotels & resorts | 2.69% |
Suitability
Axis Midcap Fund is suitable for investors looking to invest for at least 3-4 years, seeking high returns with readiness for moderate losses. The fund has shown a consistent track record of outperforming its benchmark and category average over various periods.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
Data as on 5 July 2024
