Axis NIFTY Midcap 50 Index Fund vs Tata Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis NIFTY Midcap 50 Index Fund is an Index fund and Tata Mid Cap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Axis NIFTY Midcap 50 Index Fund (Direct) returned 14.6% a year and Tata Mid Cap Fund (Direct) returned 13.5% a year. Axis NIFTY Midcap 50 Index Fund charges 0.37% a year and Tata Mid Cap Fund 0.85% (Direct plans). Their portfolios overlap 40.5%: they hold 22 of the same securities.
Axis NIFTY Midcap 50 Index Fund
Index
- 3 year return
- 14.6%
- Expense ratio
- 0.37%
- NAV
- ₹20.10
Which is better, Axis NIFTY Midcap 50 Index or Tata 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 NIFTY Midcap 50 Index returned more over 3 years: 14.6% a year against 13.5%.
- Tata Mid Cap returned more over 1 year: −2.7% against −2.9%.
- Axis NIFTY Midcap 50 Index costs less: 0.37% a year against 0.85% (Direct plans).
- Tata Mid Cap swung less over 3 years: a standard deviation of 15.5% a year against 17.9%.
- Axis NIFTY Midcap 50 Index fell less in its worst fall since 31-03-2022: −20.3% against −21.2%.
- Tata Mid Cap holds more in large companies: 16.4% of the fund in large caps against 5.1%.
- Tata Mid Cap is the larger fund: ₹5,860 Cr against ₹732 Cr.
- Their portfolios overlap 40.5%: 22 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 NIFTY Midcap 50 Index Fund | Tata Mid Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Tata Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹732 Cr (30-09-2026) | ₹5,860 Cr (30-09-2026) |
| NAV | ₹20.10 (Direct) | ₹492.52 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.85% |
| Expense ratio (Regular) | 1.16% | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Midcap 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 28-03-2022 | 31-03-2004 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Satish Chandra Mishra |
| Exit load | 0.25% if redeemed / switched out within 7 days from the date of allotment/ Investment w.e.f., 24/03/2022 | Exit load of 0.50%, if redeemed within 30 days. |
Axis NIFTY Midcap 50 Index vs Tata 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 NIFTY Midcap 50 Index Fund (Direct) | −3.00% | −8.36% | −1.97% | −2.86% | +14.59% | -- | -- |
| Tata Mid Cap Fund (Direct) | −2.91% | −7.20% | −2.55% | −2.67% | +13.47% | +13.17% | +15.45% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Axis NIFTY Midcap 50 Index vs Tata Mid Cap: Year-wise Returns
| Year | Axis NIFTY Midcap 50 IndexAxis NIFTY Midcap 50 Index | Tata Mid CapTata Mid Cap |
|---|---|---|
| 2026to date | −4.07% | −4.51% |
| 2025 | +8.32% | +7.13% |
| 2024 | +21.56% | +24.17% |
| 2023 | +50.07% | +42.15% |
| 2022 | -- | +1.92% |
| 2021 | -- | +41.73% |
Axis NIFTY Midcap 50 Index vs Tata Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 50 TRI, the benchmark of Axis NIFTY Midcap 50 Index Fund
Rolling returns
Every 3-year holding period, 396 of them, one for each trading day from 31-03-2025 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 NIFTY Midcap 50 Index Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
to
May 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 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 NIFTY Midcap 50 Index | 0.0 | 0.0 | 0.0 | 6.1 | 12.6 | 46.0 | 35.4 | 23.4% | 24.1% | 12.9% | 32.5% | 0% |
| Tata Mid Cap | 0.0 | 0.0 | 0.0 | 7.7 | 22.3 | 60.0 | 10.0 | 21.2% | 22.0% | 12.2% | 28.0% | 0% |
| Nifty Midcap 50 TRI | 0.0 | 0.0 | 0.0 | 4.5 | 12.9 | 34.1 | 48.5 | 24.1% | 24.9% | 13.4% | 33.5% | -- |
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 Nifty Midcap 50 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 31-03-2022. Past returns do not promise future returns.
Axis NIFTY Midcap 50 Index vs Tata 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 31-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis NIFTY Midcap 50 IndexAxis NIFTY Midcap 50 Index Fund (Direct) | ₹5,60,000 | ₹7,59,496 | ₹1,99,496 | 13.1% |
| Tata Mid CapTata Mid Cap Fund (Direct) | ₹5,60,000 | ₹7,35,382 | ₹1,75,382 | 11.7% |
Axis NIFTY Midcap 50 IndexAxis NIFTY Midcap 50 Index Fund (Direct)
Tata Mid CapTata 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 NIFTY Midcap 50 Index vs Tata Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis NIFTY Midcap 50 Index Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.86% | −2.67% |
| Standard deviation | 16.82% | 15.25% |
| Sharpe ratio | -0.48 | -0.52 |
| Sortino ratio | -0.65 | -0.70 |
| Maximum drawdown | −14.5% (31-03-2026) | −13.0% (31-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.30% | +0.75% |
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 NIFTY Midcap 50 Index Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.59% | +13.47% |
| Standard deviation | 17.85% | 15.51% |
| Sharpe ratio | 0.48 | 0.48 |
| Sortino ratio | 0.65 | 0.64 |
| Maximum drawdown | −20.3% (28-02-2025) | −21.2% (28-02-2025) |
| Beta | 1.00 | 0.88 |
| Alpha | −0.46% | +0.57% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis NIFTY Midcap 50 Index Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.44% | +18.08% |
| Standard deviation | 16.94% | 16.01% |
| Sharpe ratio | 0.62 | 0.75 |
| Sortino ratio | 0.83 | 1.00 |
| Maximum drawdown | −20.3% (28-02-2025) | −35.1% (23-03-2020) |
| Beta | 0.99 | -- |
| Alpha | −0.85% | -- |
From daily NAVs, 31-03-2022 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 NIFTY Midcap 50 Index Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis NIFTY Midcap 50 Index Fund (Direct) | −20.3% | 24-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −10.7% |
| Tata Mid Cap Fund (Direct) | −21.2% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −9.6% |
| Nifty Midcap 50 TRI | −20.2% | 24-09-2024 | 28-02-2025 | 27-10-2025 | 8 months | −10.6% |
From daily values since 31-03-2022, 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 NIFTY Midcap 50 Index Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis NIFTY Midcap 50 Index Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
Against Nifty Midcap 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis NIFTY Midcap 50 Index Fund (Direct) | 99% | 102% | 0.63% |
| Tata Mid Cap Fund (Direct) | 84% | 82% | 4.90% |
From month-end values since 31-03-2022. 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 NIFTY Midcap 50 Index vs Tata Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis NIFTY Midcap 50 Index Fund, September 2026; Tata Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 40.5%
- Held by both
- 22
- Only in Axis NIFTY Midcap 50 Index
- 28
- Only in Tata Mid Cap
- 36
| Security | % of Axis NIFTY Midcap 50 Index | % of Tata Mid Cap |
|---|---|---|
| One 97 Communications Limited | 3.36% | 3.15% |
| Multi Commodity Exchange of India Limited | 3.92% | 2.96% |
| Bharat Heavy Electricals Limited | 2.82% | 3.20% |
| IndusInd Bank Limited | 2.76% | 2.92% |
| AU Small Finance Bank Limited | 2.73% | 2.93% |
| The Federal Bank Limited | 3.65% | 2.71% |
| Indus Towers Limited | 2.24% | 2.23% |
| Marico Limited | 1.94% | 2.55% |
| Bharat Forge Limited | 2.49% | 1.81% |
| Persistent Systems Limited | 2.67% | 1.80% |
| Max Financial Services Limited | 1.70% | 2.81% |
| Glenmark Pharmaceuticals Limited | 1.64% | 2.39% |
| UPL Limited | 1.41% | 1.38% |
| Dixon Technologies (India) Limited | 2.54% | 1.35% |
| Hero MotoCorp Limited | 3.17% | 1.34% |
| The Phoenix Mills Limited | 1.68% | 1.32% |
| Mankind Pharma Limited | 1.32% | 3.42% |
| PB Fintech Limited | 1.76% | 1.27% |
| GE Vernova T&D India Limited | 2.42% | 1.08% |
| Hindustan Petroleum Corporation Limited | 1.57% | 1.08% |
| Ashok Leyland Limited | 2.05% | 1.05% |
| IDFC First Bank Limited | 2.52% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.5% means 40.5% 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 NIFTY Midcap 50 Index Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 3.59% |
| The Indian Hotels Company Limited | 2.98% |
| Lupin Limited | 2.30% |
| Suzlon Energy Limited | 2.24% |
| Info Edge (India) Limited | 2.20% |
Largest holdings only in Tata Mid Cap Fund
| Security | % of fund |
|---|---|
| L&T FINANCE LTD | 2.94% |
| MAX HEALTHCARE INSTITUTE LTD | 2.75% |
| BHARTI HEXACOM LTD | 2.67% |
| ABBOTT INDIA LTD | 2.31% |
| J K CEMENT LTD | 2.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis NIFTY Midcap 50 Index | Tata Mid Cap |
|---|---|---|
| Equity | 100.1% | 97.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 2.6% |
Market cap of stocks
| Market cap | Axis NIFTY Midcap 50 Index | Tata Mid Cap |
|---|---|---|
| Large Cap | 5.1% | 16.4% |
| Mid Cap | 95.1% | 74.5% |
| Small Cap | 0.0% | 6.5% |
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 NIFTY Midcap 50 Index | Tata Mid Cap |
|---|---|---|
| Banks | 13.4% | 11.2% |
| Pharmaceuticals & Biotechnology | 11.0% | 9.9% |
| Electrical Equipment | 8.5% | 6.4% |
| Auto Components | 3.7% | 8.4% |
| Retailing | 7.3% | 0.0% |
| Capital Markets | 3.9% | 6.0% |
| Chemicals & Petrochemicals | 1.7% | 5.3% |
| Financial Technology (Fintech) | 5.1% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis NIFTY Midcap 50 Index vs Tata Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis NIFTY Midcap 50 Index Fund | Tata Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.85% |
| Base expense ratio (Direct) | 0.20% | 0.56% |
| Total expense ratio (Regular) | 1.16% | 2.02% |
| Base expense ratio (Regular) | 0.89% | 1.57% |
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
Axis NIFTY Midcap 50 Index Fund vs Tata Mid Cap Fund: Frequently Asked Questions
What is the difference between Axis NIFTY Midcap 50 Index Fund and Tata Mid Cap Fund?
Axis NIFTY Midcap 50 Index Fund is an Index fund, Tata Mid Cap Fund is a Mid Cap fund, run by Axis Mutual Fund and Tata Mutual Fund. Their portfolios overlap 40.5%. Axis NIFTY Midcap 50 Index Fund charges 0.37% a year and Tata Mid Cap Fund 0.85%.
Which has given higher returns, Axis NIFTY Midcap 50 Index Fund or Tata Mid Cap Fund?
Over 1 year: Axis NIFTY Midcap 50 Index Fund −2.86%, Tata Mid Cap Fund −2.67%. Over 3 years: Axis NIFTY Midcap 50 Index Fund +14.59% a year, Tata Mid Cap Fund +13.47% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis NIFTY Midcap 50 Index Fund or Tata Mid Cap Fund?
Axis NIFTY Midcap 50 Index Fund charges less: 0.37% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis NIFTY Midcap 50 Index Fund and Tata Mid Cap Fund overlap?
40.5%. They hold 22 of the same securities, the largest shared ones being PAYTM, MCX, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Axis NIFTY Midcap 50 Index Fund or Tata Mid Cap Fund?
On SEBI's riskometer, Axis NIFTY Midcap 50 Index Fund is rated Very High and Tata Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.85% and 15.51% a year.
Which is better for SIP, Axis NIFTY Midcap 50 Index Fund or Tata Mid Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,99,164 in Axis NIFTY Midcap 50 Index Fund (XIRR 4.9% a year) and ₹3,94,301 in Tata Mid Cap Fund (XIRR 4.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis NIFTY Midcap 50 Index Fund and Tata Mid Cap Fund?
Yes. 40.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis NIFTY Midcap 50 Index Fund and Tata Mid Cap Fund?
Axis NIFTY Midcap 50 Index Fund: Nandik Malik, Rohit Gautam. Tata Mid Cap Fund: Satish Chandra Mishra.
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.