Axis Midcap Fund vs Helios Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Midcap Fund and Helios Mid Cap Fund are both Mid Cap funds. In the year to 30-10-2026, Axis Midcap Fund (Direct) returned 1.3% and Helios Mid Cap Fund (Direct) returned 0.9%. Axis Midcap Fund charges 0.80% a year and Helios Mid Cap Fund 0.94% (Direct plans). Their portfolios overlap 33.9%: they hold 27 of the same securities.
Which is better, Axis Midcap or Helios Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Midcap returned more over 1 year: 1.3% against 0.9%.
- Axis Midcap costs less: 0.80% a year against 0.94% (Direct plans).
- Axis Midcap fell less in its worst fall since 17-03-2025: −11.3% against −16.7%.
- Axis Midcap holds more in large companies: 17.2% of the fund in large caps against 3.1%.
- Axis Midcap is the larger fund: ₹33,528 Cr against ₹2,348 Cr.
- Their portfolios overlap 33.9%: 27 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Midcap Fund | Helios Mid Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Helios Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹33,528 Cr (30-09-2026) | ₹2,348 Cr (30-09-2026) |
| NAV | ₹136.47 (Direct) | ₹13.20 (Direct) |
| Expense ratio (Direct) | 0.80% | 0.94% |
| Expense ratio (Regular) | 1.79% | 2.37% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 18-02-2011 | 13-03-2025 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shreyash Devalkar, Krishnaa N, Nitin Arora | Alok Bahl, Pratik Singh |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. |
Axis Midcap vs Helios Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Midcap Fund (Direct) | −0.88% | −3.34% | +1.83% | +1.29% | +16.07% | +11.88% | +16.96% |
| Helios Mid Cap Fund (Direct) | −3.86% | −3.65% | +4.60% | +0.92% | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Axis Midcap vs Helios Mid Cap: Year-wise Returns
| Year | Axis MidcapAxis Midcap | Helios Mid CapHelios Mid Cap |
|---|---|---|
| 2026to date | +3.33% | +2.56% |
| 2025 | +2.04% | -- |
| 2024 | +31.39% | -- |
| 2023 | +31.00% | -- |
| 2022 | −3.86% | -- |
| 2021 | +41.78% | -- |
Axis Midcap vs Helios Mid Cap: Rolling Returns
Every holding period of both funds, against BSE 150 MidCap Index TRI, the benchmark of Axis Midcap Fund
Rolling returns
Every 1-year holding period, 154 of them, one for each trading day from 17-03-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Midcap Fund (Direct)
Helios Mid Cap Fund (Direct)
BSE 150 MidCap Index TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Midcap | 1.9 | 23.4 | 50.0 | 22.7 | 1.9 | 0.0 | 0.0 | 7.5% | 7.2% | −1.4% | 17.0% | 90% |
| Helios Mid Cap | 1.3 | 3.9 | 13.0 | 30.5 | 47.4 | 3.9 | 0.0 | 13.9% | 15.1% | −1.6% | 24.6% | 100% |
| BSE 150 MidCap Index TRI | 11.0 | 34.4 | 35.7 | 18.8 | 0.0 | 0.0 | 0.0 | 5.6% | 5.4% | −6.7% | 14.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 150 MidCap Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 17-03-2025. Past returns do not promise future returns.
Axis Midcap vs Helios Mid Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis MidcapAxis Midcap Fund (Direct) | ₹2,00,000 | ₹2,09,512 | ₹9,512 | 5.5% |
| Helios Mid CapHelios Mid Cap Fund (Direct) | ₹2,00,000 | ₹2,15,939 | ₹15,939 | 9.1% |
Axis MidcapAxis Midcap Fund (Direct)
Helios Mid CapHelios Mid Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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 vs Helios Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Midcap Fund (Direct) | Helios Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.29% | +0.92% |
| Standard deviation | 14.84% | 17.44% |
| Sharpe ratio | -0.27 | -0.25 |
| Sortino ratio | -0.36 | -0.34 |
| Maximum drawdown | −11.1% (23-03-2026) | −16.7% (23-03-2026) |
| Beta | 0.88 | 1.02 |
| Alpha | +5.24% | +5.47% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Midcap Fund (Direct) | Helios Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.05% | +18.25% |
| Standard deviation | 14.76% | 16.24% |
| Sharpe ratio | 0.81 | 0.79 |
| Sortino ratio | 1.10 | 1.12 |
| Maximum drawdown | −29.4% (23-03-2020) | −16.7% (23-03-2026) |
| Beta | 0.84 | 0.95 |
| Alpha | +2.97% | +7.83% |
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 and alpha compare each fund with its own benchmark's TRI.
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.
Axis Midcap Fund (Direct)
Helios Mid Cap Fund (Direct)
BSE 150 MidCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Midcap Fund (Direct) | −11.3% | 18-09-2025 | 23-03-2026 | 22-04-2026 | 30 days | −6.5% |
| Helios Mid Cap Fund (Direct) | −16.7% | 17-11-2025 | 23-03-2026 | 07-05-2026 | 45 days | −8.5% |
| BSE 150 MidCap Index TRI | −14.1% | 07-01-2026 | 23-03-2026 | 07-05-2026 | 45 days | −10.6% |
From daily values since 17-03-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Midcap Fund (Direct)
Helios Mid Cap Fund (Direct)
BSE 150 MidCap Index TRI
Against BSE 150 MidCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Midcap Fund (Direct) | 99% | 79% | 4.32% |
| Helios Mid Cap Fund (Direct) | 128% | 85% | 5.72% |
From month-end values since 17-03-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Midcap vs Helios Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Midcap Fund, September 2026; Helios Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 33.9%
- Held by both
- 27
- Only in Axis Midcap
- 58
- Only in Helios Mid Cap
- 48
| Security | % of Axis Midcap | % of Helios Mid Cap |
|---|---|---|
| Apar Industries Limited | 2.84% | 2.75% |
| Sona BLW Precision Forgings Limited | 2.69% | 2.38% |
| The Phoenix Mills Limited | 2.29% | 2.58% |
| Fortis Healthcare Limited | 2.61% | 1.96% |
| The Indian Hotels Company Limited | 2.38% | 1.73% |
| Multi Commodity Exchange of India Limited | 1.62% | 1.94% |
| Marico Limited | 1.58% | 1.85% |
| Radico Khaitan Limited | 1.79% | 1.57% |
| UNO Minda Limited | 1.55% | 2.00% |
| Schaeffler India Limited | 1.52% | 1.91% |
| Coforge Limited | 1.52% | 2.68% |
| GE Vernova T&D India Limited | 2.41% | 1.42% |
| Ather Energy Limited | 1.13% | 1.65% |
| PB Fintech Limited | 1.44% | 1.06% |
| Vishal Mega Mart Limited | 1.04% | 1.06% |
| AU Small Finance Bank Limited | 1.23% | 1.02% |
| One 97 Communications Limited | 1.01% | 3.45% |
| K.P.R. Mill Limited | 0.95% | 1.57% |
| Page Industries Limited | 0.91% | 1.80% |
| Bharti Hexacom Limited | 0.91% | 1.28% |
| Cummins India Limited | 1.67% | 0.82% |
| Bosch Limited | 0.72% | 1.59% |
| Torrent Pharmaceuticals Limited | 0.72% | 1.17% |
| Billionbrains Garage Ventures Ltd | 0.69% | 1.14% |
| Sundaram Finance Limited | 0.65% | 1.54% |
| Swiggy Limited | 0.23% | 1.67% |
| Piramal Finance Limited | 0.15% | 2.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.9% means 33.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Midcap Fund
| Security | % of fund |
|---|---|
| The Federal Bank Limited | 3.98% |
| IPCA Laboratories Limited | 2.30% |
| Lenskart Solutions Limited | 2.22% |
| Eternal Limited | 2.06% |
| Bharat Heavy Electricals Limited | 1.94% |
Largest holdings only in Helios Mid Cap Fund
| Security | % of fund |
|---|---|
| Motilal Oswal Financial Services Ltd. | 2.20% |
| Nippon Life India Asset Management Ltd. | 2.13% |
| Aditya Birla Capital Ltd. | 2.13% |
| Glaxosmithkline Pharmaceuticals Ltd. | 1.99% |
| 360 ONE WAM Ltd. | 1.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Midcap | Helios Mid Cap |
|---|---|---|
| Equity | 90.2% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 9.8% | 2.1% |
Market cap of stocks
| Market cap | Axis Midcap | Helios Mid Cap |
|---|---|---|
| Large Cap | 17.2% | 3.1% |
| Mid Cap | 65.3% | 64.0% |
| Small Cap | 5.3% | 28.1% |
| Not on AMFI's list | 2.3% | 2.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Midcap | Helios Mid Cap |
|---|---|---|
| Auto Components | 10.1% | 11.0% |
| Capital Markets | 3.3% | 9.9% |
| Electrical Equipment | 9.7% | 6.0% |
| Retailing | 9.5% | 5.5% |
| Finance | 3.9% | 8.8% |
| Banks | 7.7% | 3.3% |
| Pharmaceuticals & Biotechnology | 7.2% | 6.5% |
| Financial Technology (Fintech) | 2.5% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Midcap vs Helios Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Midcap Fund | Helios Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 0.94% |
| Base expense ratio (Direct) | 0.50% | 0.49% |
| Total expense ratio (Regular) | 1.79% | 2.37% |
| Base expense ratio (Regular) | 1.33% | 1.72% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Midcap with
Axis Midcap Fund vs Helios Mid Cap Fund: Frequently Asked Questions
What is the difference between Axis Midcap Fund and Helios Mid Cap Fund?
Both are Mid Cap funds, run by Axis Mutual Fund and Helios Mutual Fund. Their portfolios overlap 33.9%. Axis Midcap Fund charges 0.80% a year and Helios Mid Cap Fund 0.94%.
Which has given higher returns, Axis Midcap Fund or Helios Mid Cap Fund?
Over 1 year: Axis Midcap Fund +1.29%, Helios Mid Cap Fund +0.92%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Midcap Fund or Helios Mid Cap Fund?
Axis Midcap Fund charges less: 0.80% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Midcap Fund and Helios Mid Cap Fund overlap?
33.9%. They hold 27 of the same securities, the largest shared ones being APARINDS, SONACOMS, PHOENIXLTD. From each fund's latest monthly portfolio.
Which is riskier, Axis Midcap Fund or Helios Mid Cap Fund?
On SEBI's riskometer, Axis Midcap Fund is rated Very High and Helios Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.84% and 17.44% a year.
Can I invest in both Axis Midcap Fund and Helios Mid Cap Fund?
Yes. 33.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Midcap Fund and Helios Mid Cap Fund?
Axis Midcap Fund: Shreyash Devalkar, Krishnaa N, Nitin Arora. Helios Mid Cap Fund: Alok Bahl, Pratik Singh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.