Axis Midcap Fund(G)-Direct Plan

Axis Midcap Fund(G)-Direct Plan
NAV Day Change
0.34 | 0.60%
NAV (As on 05-01-2021)
56.6
Dividend Yearly
NA
Category
Equity - Mid Cap
52-week NAV high
56.26  (As on 04-01-2021)
52-week NAV low
32.91  (As on 23-03-2020)
Expense
0.55%  (As on 30-11-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 6.67 21.30 36.29 31.29 22.06 15.40 21.58 16.93 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

Axis Midcap Fund - Direct Plan - Growth is an open-ended equity scheme that makes investments primarily in mid cap stocks. Axis Midcap Fund - Direct Plan - Growth is offered by Axis Mutual Fund, and the fund house is managed by Axis Asset Management Company Limited. The scheme makes investments in a portfolio consisting of mid cap stocks. The companies in which the scheme invests includes entrepreneurial and innovative companies that have experienced management, thereby enhancing the chances of generating higher returns.

Investment Objective of Axis Midcap Fund - Direct Plan - Growth

The investment objective of Axis Midcap Fund - Direct Plan - Growth is to generate capital appreciation in the long term by making investments primarily in equity and equity-related securities of mid cap companies.

Key Features of Axis Midcap Fund - Direct Plan - Growth

Some of the significant features of Axis Midcap Fund - Direct Plan - Growth are as indicated in the table below:

Type of fund Open-ended equity scheme
Plans available Axis Midcap Fund (existing plan), and Axis Midcap Fund - Direct Plan
Options under each plan The Direct Plan comes with two options:
  1. Growth Option
  2. Dividend Option
The dividend option comes with two sub-options:
  1. Payout
  2. Reinvestment
Risk Moderately High
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for Axis Midcap Fund - Direct Plan - Growth

Here is the information regarding the investment amounts and loads:

Minimum application amount Rs.5,000 and in multiples of Re.1 thereafter
Minimum additional investment Rs.100 and in multiples of Re.1 thereafter
Minimum instalment for Systematic Investment Plan (SIP) Rs.1,000 (minimum of 36 instalments)
Entry Load Not Applicable
Exit Load
  • For redemption of up to 10% of the units within a year from the date on which they were allotted: Nil
  • For redemption of units in excess of 10% of the total units within a year from the date on which they were allotted: 1% of the applicable NAV
  • For redemption of units after a year from the date on which they were allotted: Nil

Asset Allocation for Axis Midcap Fund - Direct Plan - Growth

Instruments Allocations (Percentage of total assets)
Equity and equity-related securities of mid cap companies 65% to 100%
Equity and equity-related securities of non-mid cap companies 0% to 35%
Money market and debt securities 0% to 35%

NAV Disclosure and Benchmark for Axis Midcap Fund - Direct Plan - Growth

The NAV of Axis Midcap Fund - Direct Plan - Growth is declared on each business day and is published in at least two national dailies. Investors can also check the Net Asset Value of Axis Midcap Fund - Direct Plan - Growth on the website of the mutual fund and the website of the Association of Mutual Funds in India.

The Benchmark adopted by Axis Midcap Fund - Direct Plan - Growth is S&P BSE Midcap Index.

Axis Midcap Fund - Direct Plan - Growth Fund Manager

Axis Midcap Fund - Direct Plan - Growth is managed by Mr. Shreyash Devalkar, who has been in charge of the fund for more than a year now.

Why you should Invest in Axis Midcap Fund - Direct Plan - Growth

Axis Midcap Fund - Direct Plan - Growth is a suitable investment option for those who seek long-term capital appreciation through investment mainly in equity and equity-related securities of mid cap companies. Though the risk involved with the investment is moderately high, Axis Midcap Fund - Direct Plan - Growth has the potential to generate high returns.

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