Axis Midcap Direct Plan-Growth

Q: What are the returns of this mutual fund scheme?

The Axis Midcap Direct Plan-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 18.52% since inception. Axis Midcap Direct Plan-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.26% 19.81% 17.21% 18.13% 18.52%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹127.44-0.99% 1 day change	18.52% p.a.	App exclusive #NA View Ranked Funds	₹31,717 Cr

Historical NAV & returns

NAV: ₹127.44 as on Feb 02, 2026

This fund Category average

Axis Midcap Fund overview

Expense ratio	0.57% as on Jan 29, 2026
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.!
AUM (Fund size)	₹31,717 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	BSE 150 MidCap TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Axis Midcap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

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. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-4.38%	-5.32%
3 Months	-5.5%	-6.06%
6 Months	-2.76%	-1.6%
1 Year	7.26%	7.78%
2 Years	13.53%	10.87%
3 Years	19.81%	21.34%
4 Years	13.65%	15.42%
5 Years	17.21%	19.31%
7 Years	19.41%	18.87%
10 Years	18.13%	16.62%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 17.36%

Mid Cap 71.87%

Small Cap 3.68%

Other Cap 0%

Top holdings

Fortis Healthcare Ltd.3.64%

The Federal Bank Ltd.3.33%

The Indian Hotels Company Ltd.2.52%

Multi Commodity Exchange Of India Ltd.2.51%

Top sectors

Services 15.569999999999999%

Capital Goods 14.28%

Financial 12.52%

Healthcare 9.469999999999999%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 6.95%

Allocation by Instruments

CBLO 6.94707461%

Net Receivables 0.14013428%

Other Holdings

Others 0.14%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Midcap Fund	-4.38%	-2.76%	7.26%	19.81%	17.21%	18.13%
HDFC Mid Cap Fund	-3.42%	3.25%	13.4%	25.92%	24.19%	19.89%
Nippon India Growth Mid Cap Fund	-4.17%	0.71%	10.98%	25.7%	23.3%	19.94%
Motilal Oswal Midcap Fund	-7.8%	-10.58%	-4.17%	23.28%	25.54%	18.22%
Edelweiss Mid Cap Fund	-4.66%	1.31%	10.91%	26.68%	23.68%	20.4%
Kotak Midcap Fund	-5.0%	-2.91%	9.46%	21.86%	21.13%	19.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Midcap Fund	14.11	0.82	0.97	1.27
HDFC Mid Cap Fund	13.88	0.85	1.31	1.87
Nippon India Growth Mid Cap Fund	15.42	0.95	1.18	1.74
Motilal Oswal Midcap Fund	18.56	0.96	0.92	1.15
Edelweiss Mid Cap Fund	15.41	0.93	1.27	1.64
Kotak Midcap Fund	15.18	0.89	1.0	1.25

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Midcap Fund	N.A.	31,717 Cr	13 yrs 1 m	0.57%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13 yrs 1 m	0.74%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	13 yrs 1 m	0.74%
Motilal Oswal Midcap Fund	N.A.	36,880 Cr	12 yrs	0.76%
Edelweiss Mid Cap Fund	N.A.	13,650 Cr	13 yrs 1 m	0.42%
Kotak Midcap Fund	N.A.	60,637 Cr	13 yrs 1 m	0.38%

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.93 vs. 6.75 Underperformed at beating benchmark
Sharpe	0.97 vs. 6.89 Poor risk-adjusted returns
Beta	0.82 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	14.11 vs. 14.58 More stable returns

About this fund

About Axis Midcap Fund

Axis Midcap Direct Plan-Growth is a Mid Cap mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. Axis Midcap Direct Plan-Growth has ₹31,717 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Midcap Direct Plan-Growth as of 02/02/2026 is ₹127.44. The fund has an expense ratio of 0.57%, which is less than what most other Mid Cap funds charge.

Axis Midcap Direct Plan-Growth returns of last 1-year are 7.11%. Since launch, it has delivered 18.52% average annual returns. The fund has doubled the money invested in it every 5 yrs.
Axis Midcap Direct Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Services, Capital Goods, Financial, Healthcare, Automobile sectors. It has taken less exposure in Services, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in Fortis Healthcare Ltd., The Federal Bank Ltd., The Indian Hotels Company Ltd., Multi Commodity Exchange Of India Ltd., The Phoenix Mills Ltd..

...

Fund AUM	31,717 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Shreyash Devalkar

Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.

Nitin Arora

Mr. Arora has done M.Sc in Finance and Investments Prior to joining Axis Mutual Fund, he has worked with Aviva Life Insurance Company India Ltd., Emkay Global Financial Services Ltd., Nirmal Bang Institutional Equities Ltd. and Bloomberg UTV Ltd..

Investment objective

The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

Axis Mutual Fund details

No. of schemes	70 view all schemes
Total AUM	3,65,749 Cr as on Dec 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Axis Small Cap Fund	N.A.	26,547 Cr	1.39%	20.67%
Axis Large & Mid Cap Fund	N.A.	15,616 Cr	7.45%	17.75%
Axis Global Equity Alpha FoF	N.A.	1,441 Cr	25.11%	16.6%
Axis Nifty Midcap 50 Index Fund	N.A.	584 Cr	11.91%	N.A.
Axis Value Fund	N.A.	1,372 Cr	10.19%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Axis Midcap Direct Plan-Growth?

The current Net Asset Value (NAV) of the Axis Midcap Fund - Direct Growth plan is approximately ₹127.44 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Axis Midcap Direct Plan-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 18.52% since inception.

Axis Midcap Direct Plan-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.26%	19.81%	17.21%	18.13%	18.52%

How much does this mutual fund charge as expense ratio?

The Axis Midcap Fund - Direct Growth has an expense ratio of 0.57%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Axis Midcap Fund currently has assets under management (AUM) or fund size valued at approximately 31,717 Cr as on Dec 31, 2025.

What are the top stock holdings of Axis Midcap Fund?

The Axis Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Fortis Healthcare Ltd.	3.64%
The Federal Bank Ltd.	3.33%
The Indian Hotels Company Ltd.	2.52%
Multi Commodity Exchange Of India Ltd.	2.51%
The Phoenix Mills Ltd.	2.16%
UNO Minda Ltd.	2.09%
Bharti Hexacom Ltd.	2.01%
Schaeffler India Ltd.	2.0%
PB Fintech Ltd.	1.93%
Coromandel International Ltd.	1.92%

What are the top sectors Axis Midcap Fund has invested in?

The Axis Midcap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	15.569999999999999%
Capital Goods	14.28%
Financial	12.52%
Healthcare	9.469999999999999%
Automobile	9.33%
Chemicals	6.21%
Technology	5.74%
Energy	3.63%
Construction	3.14%
Materials	2.77%

What is risk level of Axis Midcap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Midcap Direct Plan-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Midcap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Axis Midcap Fund is complete.

How can I redeem my investments in Axis Midcap Fund?

Redeeming your investments in the Axis Midcap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 10 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Age: This is the 2nd oldest Mid Cap fund.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Exit Load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.