Axis Midcap Fund is a Mid Cap fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹33,528 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 16.1% a year and its Regular plan returned 14.9% a year. Its benchmark, BSE 150 MidCap Index TRI, returned 13.5% a year over the same 3 years.
NAV (Direct plan)
₹136.47
▼ 0.42% · 30-10-2026
NAV (Regular plan)
₹115.93
▼ 0.42% · 30-10-2026
Expense ratio
0.80%Direct1.79%Regular
0.80%
A year
Riskometer
Very High
Set by the fund house
3 year return
16.1%Direct14.9%Regular
16.1%
A year
Axis Midcap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹136.47 (down 0.42% that day); Regular Plan Growth ₹115.93 (down 0.42% that day).
This fund (Direct plan)
₹136.47
Axis Midcap Fund Returns vs BSE 150 MidCap Index TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.88%
−3.34%
+1.83%
+1.29%
+16.07%
+11.88%
+16.96%
This fund (Regular)
−0.96%
−3.56%
+1.35%
+0.29%
+14.89%
+10.66%
+15.60%
BSE 150 MidCap Index TRI
−3.90%
−8.32%
−3.16%
−5.23%
+13.53%
+13.16%
+15.35%
Mid Cap average
−3.36%
−6.03%
−0.14%
−2.17%
+14.75%
+12.95%
+14.07%
Best in Mid Cap
−0.88%
−2.09%
+6.81%
+9.56%
+21.77%
+17.38%
+18.35%
Worst in Mid Cap
−5.08%
−10.11%
−5.44%
−14.14%
+8.47%
+9.04%
+7.45%
Rank in Mid Cap
1/34
5/33
10/33
4/31
10/29
13/22
3/17
Category rows compare the Direct plans of 34 Mid Cap funds. Rank 1 is the highest return.
Axis Midcap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
BSE 150 MidCap Index TRI
2026to date
+3.33%
+2.49%
−4.99%
2025
+2.04%
+1.00%
+3.77%
2024
+31.39%
+30.01%
+26.80%
2023
+31.00%
+29.59%
+42.41%
2022
−3.86%
−5.07%
+3.64%
2021
+41.78%
+39.93%
+48.65%
Axis Midcap Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,674 periods, one for each trading day from 04-01-2016 to 30-10-2026.
−10%0%10%20%30%40%
Axis Midcap Fund (Direct)
BSE 150 MidCap Index TRI
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Axis Midcap Fund (Direct)BSE 150 MidCap Index TRI
0%
4%
Below 0%
0%
6%
0-5%
4%
6%
5-10%
21%
11%
10-15%
29%
15%
15-20%
29%
28%
20-25%
17%
31%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
3,162
16.5%
−15.5%
102.7%
13%
16.2%
49%
2 years
2,920
18.7%
−2.2%
60.9%
0%
21.5%
45%
3 years
2,674
19.6%
4.9%
36.8%
0%
21.9%
42%
5 years
2,181
20.1%
5.1%
30.2%
0%
18.2%
60%
7 years
1,692
19.3%
13.9%
24.1%
0%
18.2%
83%
10 years
949
18.5%
15.2%
23.4%
0%
18.3%
41%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
154
18.2%
−25.9%
117.1%
15%
15.3%
44%
2 years
142
15.7%
−10.1%
63.1%
4%
18.9%
44%
3 years
130
17.6%
−3.1%
39.7%
1%
21.8%
35%
5 years
106
19.4%
3.9%
29.5%
0%
20.1%
47%
7 years
82
19.4%
9.9%
25.9%
0%
20.0%
52%
10 years
46
19.0%
16.6%
22.5%
0%
19.7%
17%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than BSE 150 MidCap Index TRI over the same days. Past returns do not promise future returns.
Axis Midcap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Axis Midcap Fund (Direct)This fund
BSE 150 MidCap Index TRI
Return (CAGR)
+1.29%
−5.23%
Standard deviation
14.84%
16.44%
Sharpe ratio
-0.27
-0.64
Sortino ratio
-0.36
-0.85
Maximum drawdown
−11.1%
(23-03-2026)
−14.1%
(23-03-2026)
Beta
0.88
1.00
Alpha
+5.24%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Midcap Fund (Direct)This fund
BSE 150 MidCap Index TRI
Return (CAGR)
+16.07%
+13.53%
Standard deviation
14.86%
17.18%
Sharpe ratio
0.68
0.44
Sortino ratio
0.93
0.58
Maximum drawdown
−19.5%
(28-02-2025)
−21.8%
(28-02-2025)
Beta
0.83
1.00
Alpha
+3.78%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Midcap Fund (Direct)This fund
BSE 150 MidCap Index TRI
Return (CAGR)
+11.88%
+13.16%
Standard deviation
14.48%
16.77%
Sharpe ratio
0.42
0.44
Sortino ratio
0.56
0.58
Maximum drawdown
−20.0%
(20-06-2022)
−21.8%
(28-02-2025)
Beta
0.83
1.00
Alpha
−0.04%
0.00%
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Midcap Fund (Direct)This fund
BSE 150 MidCap Index TRI
Return (CAGR)
+16.96%
+15.35%
Standard deviation
14.74%
17.41%
Sharpe ratio
0.78
0.57
Sortino ratio
1.06
0.75
Maximum drawdown
−29.4%
(23-03-2020)
−42.7%
(23-03-2020)
Beta
0.80
1.00
Alpha
+3.60%
0.00%
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Midcap Fund (Direct)This fund
BSE 150 MidCap Index TRI
Return (CAGR)
+18.05%
+16.86%
Standard deviation
14.76%
16.59%
Sharpe ratio
0.81
0.65
Sortino ratio
1.10
0.86
Maximum drawdown
−29.4%
(23-03-2020)
−42.7%
(23-03-2020)
Beta
0.84
1.00
Alpha
+2.97%
0.00%
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−50%−40%−30%−20%−10%0%
Axis Midcap Fund (Direct)
BSE 150 MidCap Index TRI
2014201620182020202220242026
Axis Midcap Fund (Direct)BSE 150 MidCap Index TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Axis Midcap Fund (Direct)
−29.4%
20-02-2020
23-03-2020
26-08-2020
5 months
−6.5%
BSE 150 MidCap Index TRI
−42.7%
08-01-2018
23-03-2020
20-11-2020
8 months
−10.6%
From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and BSE 150 MidCap Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Axis Midcap Fund vs Other Mid Cap Funds
The five Mid Cap funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Axis Midcap Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Mid Cap median
Cost rank (1 = cheapest)
Direct
0.50%
0.07%
0.00%
0.23%
0.80%
0.95%
9/34
Regular
1.33%
0.07%
0.00%
0.39%
1.79%
2.02%
6/34
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Mid Cap funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
0.29%
1.29%
1.00%
₹1,00,290
₹1,01,290
3 years
14.89%
16.07%
1.18% a year
₹1,51,651
₹1,56,372
5 years
10.66%
11.88%
1.22% a year
₹1,65,941
₹1,75,292
10 years
15.60%
16.96%
1.36% a year
₹4,26,166
₹4,79,042
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Axis Midcap Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planAxis Midcap Fund (Direct)
₹16,60,000
₹62,95,770
₹46,35,770
17.7%
Regular planAxis Midcap Fund (Regular)
₹16,60,000
₹56,31,741
₹39,71,741
16.3%
BSE 150 MidCap Index TRI
₹16,60,000
₹59,87,181
₹43,27,181
17.0%
Category averageCategory average, 34 Mid Cap funds
₹16,60,000
₹59,73,885
₹43,13,885
17.0%
₹0₹20.0 L₹40.0 L₹60.0 L₹80.0 L
Direct planAxis Midcap Fund (Direct)
Regular planAxis Midcap Fund (Regular)
BSE 150 MidCap Index TRI
Category averageCategory average, 34 Mid Cap funds
Amount invested
2014201620182020202220242026
Direct planAxis Midcap Fund (Direct)Regular planAxis Midcap Fund (Regular)BSE 150 MidCap Index TRICategory averageCategory average, 34 Mid Cap fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Midcap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
90.2%Equity
Asset
Fund
Category
Equity
90.2%
95.4%
Cash and others
9.8%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
17.2%
11.8%
Mid Cap
65.3%
66.9%
Small Cap
5.3%
15.1%
Not on AMFI's list
2.3%
1.7%
Share of the whole fund. Category: the average of the Mid Cap funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Axis Midcap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Auto Components10.1%
Electrical Equipment9.7%
Retailing9.5%
Banks7.7%
Pharmaceuticals & Biotechnology7.2%
Finance3.9%
Chemicals & Petrochemicals3.7%
Healthcare Services3.3%
Capital Markets3.3%
Consumer Durables3.2%
The ten largest of 28 sectors. The other 18 add up to 28.6%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Auto Components
9.7%
10.2%
10.1%
+0.4%
Electrical Equipment
8.7%
9.7%
9.7%
+1.0%
Retailing
7.7%
9.5%
9.5%
+1.8%
Banks
8.5%
8.4%
7.7%
−0.8%
Pharmaceuticals & Biotechnology
6.4%
6.2%
7.2%
+0.8%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Axis Midcap Fund Portfolio Holdings
As on 30-09-2026 · 85 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
The Federal Bank Limited
Banks
3.98%
−3.9%
Apar Industries Limited
Electrical Equipment
2.84%
0.0%
Sona BLW Precision Forgings Limited
Auto Components
2.69%
−8.0%
Fortis Healthcare Limited
Healthcare Services
2.61%
−9.2%
GE Vernova T&D India Limited
Electrical Equipment
2.41%
+2.6%
The Indian Hotels Company Limited
Leisure Services
2.38%
0.0%
IPCA Laboratories Limited
Pharmaceuticals & Biotechnology
2.30%
0.0%
The Phoenix Mills Limited
Realty
2.29%
0.0%
Lenskart Solutions Limited
Retailing
2.22%
0.0%
Eternal Limited
Retailing
2.06%
0.0%
Bharat Heavy Electricals Limited
Electrical Equipment
1.94%
0.0%
Bharat Forge Limited
Auto Components
1.88%
0.0%
Solar Industries India Limited
Chemicals & Petrochemicals
1.86%
0.0%
Radico Khaitan Limited
Beverages
1.79%
+1.8%
ICICI Bank Limited
Banks
1.71%
0.0%
FSN E-Commerce Ventures Limited
Retailing
1.68%
0.0%
Cummins India Limited
Industrial Products
1.67%
0.0%
Multi Commodity Exchange of India Limited
Capital Markets
1.62%
+24.9%
Marico Limited
Agricultural Food & other Products
1.58%
+14.4%
Dixon Technologies (India) Limited
Consumer Durables
1.57%
+10.2%
UNO Minda Limited
Auto Components
1.55%
0.0%
Schaeffler India Limited
Auto Components
1.52%
−0.0%
Coforge Limited
IT - Software
1.52%
+14.8%
PB Fintech Limited
Financial Technology (Fintech)
1.44%
+3.0%
Alkem Laboratories Limited
Pharmaceuticals & Biotechnology
1.37%
0.0%
Bajaj Finance Limited
Finance
1.35%
+2.1%
Premier Energies Limited
Electrical Equipment
1.34%
0.0%
Indo-MIM Limited
Industrial Manufacturing
1.23%
0.0%
AU Small Finance Bank Limited
Banks
1.23%
+2.9%
Torrent Power Limited
Power
1.18%
0.0%
Ather Energy Limited
Automobiles
1.13%
0.0%
Info Edge (India) Limited
Retailing
1.12%
0.0%
JK Cement Limited
Cement & Cement Products
1.10%
−17.1%
Abbott India Limited
Pharmaceuticals & Biotechnology
1.10%
−0.0%
TVS Motor Company Limited
Automobiles
1.07%
−15.0%
Vishal Mega Mart Limited
Retailing
1.04%
0.0%
ICICI Lombard General Insurance Company Limited
Insurance
1.04%
0.0%
SRF Limited
Chemicals & Petrochemicals
1.03%
0.0%
BSE Limited
Capital Markets
1.03%
+12.4%
One 97 Communications Limited
Financial Technology (Fintech)
1.01%
−16.2%
InterGlobe Aviation Limited
Transport Services
1.00%
+17.0%
Supreme Industries Limited
Industrial Products
0.97%
0.0%
Coromandel International Limited
Fertilizers & Agrochemicals
0.97%
−8.1%
K.P.R. Mill Limited
Textiles & Apparels
0.95%
0.0%
Axis Money Market Fund - Direct Plan - Growth Option
0.93%
Page Industries Limited
Textiles & Apparels
0.91%
0.0%
Bharti Hexacom Limited
Telecom - Services
0.91%
0.0%
CG Power and Industrial Solutions Limited
Electrical Equipment
0.87%
0.0%
Dhoot Transmission Ltd
Auto Components
0.86%
0.0%
Gland Pharma Limited
Pharmaceuticals & Biotechnology
0.78%
+699.5%
Meesho Ltd
Retailing
0.77%
−17.7%
Bosch Limited
Auto Components
0.72%
+21.9%
Torrent Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.72%
0.0%
L&T Finance Limited
Finance
0.71%
−16.5%
Billionbrains Garage Ventures Ltd
Capital Markets
0.69%
0.0%
Mphasis Limited
IT - Software
0.66%
0.0%
Sundaram Finance Limited
Finance
0.65%
0.0%
Craftsman Automation Limited
Auto Components
0.64%
+2.5%
3M India Limited
Diversified
0.54%
0.0%
Blue Star Limited
Consumer Durables
0.53%
0.0%
PI Industries Limited
Fertilizers & Agrochemicals
0.50%
0.0%
Cholamandalam Investment and Finance Company Ltd
Finance
0.49%
0.0%
Mankind Pharma Limited
Pharmaceuticals & Biotechnology
0.48%
+26.0%
Anthem Biosciences Limited
Pharmaceuticals & Biotechnology
0.47%
0.0%
Aster DM Quality Care Limited
Healthcare Services
0.47%
0.0%
LG Electronics India Ltd
Consumer Durables
0.46%
0.0%
Fine Organic Industries Limited
Chemicals & Petrochemicals
0.44%
0.0%
Voltas Limited
Consumer Durables
0.42%
−15.6%
Indian Bank
Banks
0.38%
−24.5%
Trent Limited
Retailing
0.37%
−22.0%
Navin Fluorine International Limited
Chemicals & Petrochemicals
0.36%
+77.9%
Astral Limited
Industrial Products
0.32%
−4.5%
IndusInd Bank Limited
Banks
0.29%
−26.0%
Hindustan Petroleum Corporation Limited
Petroleum Products
0.28%
−26.5%
Mahindra & Mahindra Financial Services Limited
Finance
0.27%
0.0%
Cholamandalam Financial Holdings Limited
Finance
0.27%
−41.7%
Global Health Limited
Healthcare Services
0.26%
+6.7%
TD Power Systems Limited
Electrical Equipment
0.25%
0.0%
Swiggy Limited
Retailing
0.23%
0.0%
Amber Enterprises India Limited
Consumer Durables
0.22%
0.0%
Tube Investments of India Limited
Auto Components
0.22%
−45.5%
Aditya Infotech Limited
Industrial Manufacturing
0.17%
New
Piramal Finance Limited
Finance
0.15%
+9.1%
RBL Bank Limited
Banks
0.11%
New
Linde India Limited
Chemicals & Petrochemicals
0.02%
−58.5%
Axis Midcap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
The Federal Bank Limited
↓Reduced
−3.9%
3.98%
Fortis Healthcare Limited
↓Reduced
−9.2%
2.61%
Sona BLW Precision Forgings Limited
↓Reduced
−8.0%
2.69%
GE Vernova T&D India Limited
↑Added
+2.6%
2.41%
PB Fintech Limited
↑Added
+3.0%
1.44%
Radico Khaitan Limited
↑Added
+1.8%
1.79%
Multi Commodity Exchange of India Limited
↑Added
+24.9%
1.62%
Marico Limited
↑Added
+14.4%
1.58%
Dixon Technologies (India) Limited
↑Added
+10.2%
1.57%
Schaeffler India Limited
↓Reduced
−0.0%
1.52%
Coforge Limited
↑Added
+14.8%
1.52%
Bajaj Finance Limited
↑Added
+2.1%
1.35%
JK Cement Limited
↓Reduced
−17.1%
1.10%
TVS Motor Company Limited
↓Reduced
−15.0%
1.07%
AU Small Finance Bank Limited
↑Added
+2.9%
1.23%
One 97 Communications Limited
↓Reduced
−16.2%
1.01%
Abbott India Limited
↓Reduced
−0.0%
1.10%
Coromandel International Limited
↓Reduced
−8.1%
0.97%
BSE Limited
↑Added
+12.4%
1.03%
InterGlobe Aviation Limited
↑Added
+17.0%
1.00%
L&T Finance Limited
↓Reduced
−16.5%
0.71%
Shriram Finance Limited
↓Sold out
−100%
was 0.95%
Meesho Ltd
↓Reduced
−17.7%
0.77%
Gland Pharma Limited
↑Added
+699.5%
0.78%
Bosch Limited
↑Added
+21.9%
0.72%
Craftsman Automation Limited
↑Added
+2.5%
0.64%
Indian Bank
↓Reduced
−24.5%
0.38%
Voltas Limited
↓Reduced
−15.6%
0.42%
Trent Limited
↓Reduced
−22.0%
0.37%
Mankind Pharma Limited
↑Added
+26.0%
0.48%
Cholamandalam Financial Holdings Limited
↓Reduced
−41.7%
0.27%
Tube Investments of India Limited
↓Reduced
−45.5%
0.22%
IndusInd Bank Limited
↓Reduced
−26.0%
0.29%
KEI Industries Limited
↓Sold out
−100%
was 0.39%
Hindustan Petroleum Corporation Limited
↓Reduced
−26.5%
0.28%
Bharat Electronics Limited
↓Sold out
−100%
was 0.38%
Navin Fluorine International Limited
↑Added
+77.9%
0.36%
Astral Limited
↓Reduced
−4.5%
0.32%
Global Health Limited
↑Added
+6.7%
0.26%
Tata Communications Limited
↓Sold out
−100%
was 0.25%
Aditya Infotech Limited
↑New
New
0.17%
Piramal Finance Limited
↑Added
+9.1%
0.15%
RBL Bank Limited
↑New
New
0.11%
Ashok Leyland Limited
↓Sold out
−100%
was 0.07%
Linde India Limited
↓Reduced
−58.5%
0.02%
Prestige Estates Projects Limited
↓Sold out
−100%
was 0.00%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Axis Midcap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.80%
Expense ratio (Regular)
1.79%
Category
Mid Cap
Risk
Very High
Benchmark
BSE Midcap 150 TRI
Launch date
18-02-2011
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹33,527.80 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
120505
ISIN (Direct)
INF846K01EH3
Scheme code (Regular)
114564
ISIN (Regular)
INF846K01859
NAV history
From 02-01-2013, 13.8 years
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months.
Tax on Axis Midcap Fund returns
Axis Midcap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹136.47
30-10-2026
direct
IDCW
₹52.90
30-10-2026
regular
Growth
₹115.93
30-10-2026
regular
IDCW
₹39.53
30-10-2026
About Axis Midcap Fund
Axis Midcap Fund is a mutual fund from Axis Mutual Fund. Its category is Mid Cap. It was launched on 18-02-2011. Its benchmark is BSE Midcap 150 TRI. At the end of September 2026 it held 85 securities.
Fund Manager
Shreyash Devalkar
Fund manager of Axis Midcap Fund, since 23-11-2016
Krishnaa N
Fund manager of Axis Midcap Fund, since 01-03-2024
Nitin Arora
Fund manager of Axis Midcap Fund, since 03-08-2023
The Direct plan NAV is ₹136.47. The Regular plan NAV is ₹115.93, as on 30-10-2026.
What are the returns of Axis Midcap Fund?
The Direct plan returned +1.29% in 1 year, +16.07% a year over 3 years, +11.88% a year over 5 years. The Regular plan returned +0.29% in 1 year, +14.89% a year over 3 years, +10.66% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Axis Midcap Fund?
The Direct plan charges 0.80% a year. The Regular plan charges 1.79% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Axis Midcap Fund?
Axis Midcap Fund managed ₹33,527.80 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Axis Midcap Fund?
At the end of September 2026 the largest holdings were FEDERALBNK (3.98%), APARINDS (2.84%), SONACOMS (2.69%), FORTIS (2.61%), GVT&D (2.41%). The fund held 85 securities in all.
What did Axis Midcap Fund buy and sell in September 2026?
It bought 2 new stocks: Aditya Infotech Limited, RBL Bank Limited. It sold out of 6: Tata Communications Limited, Ashok Leyland Limited, Bharat Electronics Limited, Shriram Finance Limited, Prestige Estates Projects Limited. It added shares in 18. It reduced 20.
How do I invest in Axis Midcap Fund?
Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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