- Mutual Funds
- AXIS Midcap Fund - Direct (IDCW)
AXIS Midcap Fund - Direct (IDCW)
Mid Cap Fund
- NAV 47.78 (-0.23%)
- Fund Size (Cr) ₹21962.26
- Expense Ratio 0.54
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹100
- Minimum Additional Investment ₹100
- Minimum SIP Investment ₹100
- Minimum Withdrawal ₹1000
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Exit Load
0%
- Return Since Launch 19.22%
Basic Details
Shreyash Devalkar
S&P BSE Midcap 150 TRI
OPEN
Lumpsum Returns
SIP Returns
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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Standard Deviation
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0.09% -
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0.06%
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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AXIS Midcap Fund - Direct (IDCW)
- 21962.26
- 5.83%
- 3.87%
- 16.37%
- 22.77%
- 21.55%
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JM Midcap Fund - Direct (G)
- 536.63
- 7.77%
- 5.88%
- 30.21%
- 40.76%
- -
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JM Midcap Fund - Direct (IDCW)
- 536.63
- 7.77%
- 5.88%
- 30.21%
- 40.76%
- -
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Mahindra Manulife Mid Cap Fund - Direct (G)
- 1553.59
- 7.58%
- 7.38%
- 28.54%
- 38.50%
- 32.24%
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Mahindra Manulife Mid Cap Fund - Direct (IDCW)
- 1553.59
- 7.58%
- 7.38%
- 28.54%
- 38.50%
- 32.25%
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Nippon India Growth Fund - Direct (G)
- 19081.97
- 9.40%
- 9.92%
- 31.27%
- 38.27%
- 32.45%
News
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AXIS Mutual Fund Announces Appointment of Key Personnel
AXIS Mutual Fund has announced that Mr. Abhishek Arvind Gupta has been appointed as Associate - Equity of Axis Asset Management Company Ltd. with effect from November 13, 2023.
Details of Mr. Abhishek Arvind Gupta
Age: 24 years
Designation: Associate - Equity
Qualification: PGDM ? Banking and Financial Services
Powered by Capital Market - Live News
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Axis MF Announces IDCW & Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
Axis Mutual Fund has announced 28 November 2023 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) under the IDCW option of following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
Axis Arbitrage Fund ? Regular Plan ? IDCW Option & Direct Plan - IDCW Option: 0.05 each.
Axis Equity Saver Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: 0.09 each.
Axis Equity Hybrid Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: 0.10 each.
Axis Multi Asset Allocation Fund ? Regular Plan ? IDCW Option & Direct Plan ? IDCW Option: 0.15 each.
Powered by Capital Market - Live News
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Axis MF Announces change in scheme name
Axis Mutual Fund has announced change in scheme name under the following scheme, with effect from 08 December 2023:
Change in the name of the Scheme:
Existing Name Revised Name Axis Long Term Equity Fund (Tax Savings) Axis ELSS Tax saver Fund Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
01-Jan-2013
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Total AUM (Cr)
₹23549.10
AXIS Midcap Fund - Direct (IDCW) is an Mid Cap Fund-oriented fund from the renowned AMC, Axis Mutual Fund. Launched in Jan 2013, this fund is managed by Shreyash Devalkar. With assets under management (AUM) worth ₹23549.10 (Cr), as of 08-Dec-2023, AXIS Midcap Fund - Direct (IDCW) is categorized as a Mid Cap Fund within its segment. The fund has generated a return of 19.22% since its launch.
The current NAV of AXIS Midcap Fund - Direct (IDCW) is ₹47.78, as on 08-Dec-2023. The fund’s benchmark index is S&P BSE Midcap 150 TRI. You can invest in AXIS Midcap Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹100.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
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.
The fund has generated 21.55% and 20.81% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 93.24% in Equity, 6.63% in Debt and 0.1% in cash and cash equivalents
The top 5 sectors the fund invests in are: 13.71% in Industrial Products, 11.1% in Auto Components, 10.68% in Finance, 7.58% in Debt and 6.85% in Retailing.
FAQs on AXIS Midcap Fund - Direct (IDCW)
AXIS Midcap Fund - Direct (IDCW) is a popular fund in the Mid Cap Fund segment. The fund has generated a return of 19.22% since inception. Looking to invest in AXIS Midcap Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in AXIS Midcap Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, AXIS Midcap Fund - Direct (IDCW)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in AXIS Midcap Fund - Direct (IDCW) today and reap the benefits of this Mid Cap Fund fund!
In the short term, i.e., 1 year, AXIS Midcap Fund - Direct (IDCW) has generated annualised return of 22.77%. In the long-term, the fund has generated 21.55% and 20.81% in 3 and 5 years respectively. Since its inception, the fund has generated 19.22% returns.
The expense ratio of AXIS Midcap Fund - Direct (IDCW) Direct Growth is 0.54%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of AXIS Midcap Fund - Direct (IDCW) is ₹23549.10 (Cr) as of 08 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of AXIS Midcap Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from AXIS Midcap Fund - Direct (IDCW):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case AXIS Midcap Fund - Direct (IDCW)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in AXIS Midcap Fund - Direct (IDCW). Minimum lumpsum investment AXIS Midcap Fund - Direct (IDCW) is ₹100 and minimum SIP amount is ₹100. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of AXIS Midcap Fund - Direct (IDCW) is ₹47.78 as on 08 December 2023.
The 5 biggest stock holdings of AXIS Midcap Fund - Direct (IDCW) are:
Trent (4.46%), Supreme Inds. (4.22%), Cholaman.Inv.&Fn (4.22%), Indian Hotels Co (3.49%), Persistent Sys (3.26%)
A majority of AXIS Midcap Fund - Direct (IDCW) 's AUM worth ₹23549.10 (Cr) is invested in these 3 top sectors:
- Industrial Products: 13.71%
- Auto Components: 11.1%
- Finance: 10.68%
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