Axis Midcap Fund Direct Plan Growth: Your Path to Wealth Creation

Axis Midcap Fund Direct Plan Growth, launched on January 1, 2013, is a prominent midcap mutual fund by Axis Mutual Fund. With an AUM of ₹30,008 Cr (as of September 2024), it ranks among the medium-sized funds in its category. As of November 22, 2024, the NAV stands at ₹125.52, with an expense ratio of 0.54%, making it a cost-effective option in the midcap space.

Performance Overview

Over the past year, Axis Midcap Fund has delivered an impressive 36.76% return, with an average annual return of 20.42% since its inception. This performance is expected to double investments approximately every 4 years. However, the fund may struggle in bearish markets, showing less ability to control losses compared to its peers.

Sector Allocation

The fund has a diversified portfolio, primarily focused on sectors like Capital Goods, Healthcare, Financial Services, and Automobiles, with a greater emphasis on the latter two. It has 69.81% exposure to mid-cap stocks, with the rest split between large-cap, small-cap, and debt instruments.

Investment Details

• Launch Date: 01 Jan 2013

• Expense Ratio: 0.54%

• AUM: ₹30,008 Cr

• Exit Load: 1% if redeemed within 365 days

• Min. Investment: ₹1000 (lumpsum), ₹500 (SIP)

• Risk: Very High

• 1-Year Returns: 36.48%

• Benchmark: BSE 150 MidCap TRI

Fund Allocation

• Large Cap: 17.97%

• Mid Cap: 69.81%

• Small Cap: 6.72%

• Debt: 4.7%

Top Holdings

• Trent Ltd.: 3.64%

• Fortis Healthcare Ltd.: 2.77%

• Indian Hotels Co. Ltd.: 2.8%

Conclusion

Axis Midcap Fund growth is a strong contender for long-term growth, particularly for risk-tolerant investors. While it offers solid returns, it may underperform during market downturns.