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  • Axis Midcap Fund(D)

    Axis Midcap Fund(D)
    Dividend Yearly
    NA
    Category
    Equity - Mid Cap
    52-week NAV high
    38.27  (As on 30-08-2018)
    52-week NAV low
    31.79  (As on 06-02-2018)
    Expense
    2.41%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 2.25 -5.41 -1.29 3.90 18.61 12.63 9.72 20.76 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Dividend
    Bonus
    NA
    Launch Date
    Feb 18, 2011
    Last Dividend
    NA
    Minimum Investment
    5000
  • Axis Mutual Fund launched their first scheme in 2009 and has been steadily growing since then. The company offers more than 50 schemes and has more than 20 lakh active investors. They have a presence in more than 90 cities and have a variety of schemes available for investors for their different needs.

    Investment Objective of Axis Midcap Fund - Dividend

    The investment objective of this scheme is to invest mainly in equity and its related instruments of mid cap companies and generate long term capital appreciation.

    Key Features of Axis Midcap Fund - Dividend

    Some of the key features of Axis Midcap Fund have been listed below:

    Type of fund Open-ended equity scheme
    Plans available Direct and Regular
    Options under each plan Dividend and Growth
    Risk Moderately High
    Systematic Investment Plan Available
    Systematic Transfer Plan Available
    Systematic Withdrawal Plan Available

    Investment amount for Axis Midcap Fund - Dividend

    Minimum application amount Rs.5,000 and in multiples of Re.1
    Minimum additional investment Rs.100 and in multiples of Re.1
    Minimum installment for Systematic Investment Plan (SIP) The minimum installments for a yearly or monthly frequency have been listed below:
    • For monthly frequency, the minimum number of installments is 12. The minimum SIP amount is Rs.1,000 and investments made after that are in multiples of Re.1.
    • If the frequency is yearly, the minimum number of installments is 3. The minimum SIP amount is Rs.12,000. Investments made more than that should be in multiples of Re.1.
    Minimum installment for Systematic Withdrawal Plan (SWP) The SWP has four options available are yearly, half-yearly, quarterly, and monthly. The minimum value for all these options is Rs.1,000. Additional investments made more than this should be made in multiples of Re.1.
    Entry Load Not applicable
    Exit Load
    • If you wish to redeem or switch out 10% of units within 1 year from the date of allotment the exit load is - Nil
    • For redeeming or switching out the remaining investment before the completion of 1 year, the exit load is - 1%
    • If the units are switched out or redeemed after the completion of 1 year from the date of allotment, the exit load is - Nil

    Asset Allocation for Axis Midcap Fund - Dividend

    Instruments Indicative allocations (% of total assets) Risk Profile
    Minimum Maximum High / Medium / Low
    Debt and Money Market Instruments 0% 35% Low to Medium
    Equity and equity related instruments of Mid-cap companies 65% 100% High
    Equity and Equity related companies of non Mid-cap companies 0% 35% High

    Who can invest in Axis Midcap Fund - Dividend

    The following entities can invest in Axis Midcap Fund - Dividend :

    • Resident adults, either singly or jointly (not more than three)
    • Non-Resident Indians (NRIs)
    • Limited Liability Partnerships
    • Partnership Firms
    • Investments made by the parent or guardian on behalf of the minor
    • Banks and Financial Institutions
    • Industrial and Scientific research organisations
    • Schemes of other investment funds
    • AMC, Trustee, Sponsor or their associates can subscribe to the units
    • Multilateral funding agencies incorporated outside India with permission from the Reserve Bank of India or the Government
    • Public Sector Undertakings, Companies, Bodies of Individuals (BOI) and societies that have been registered under the Societies Registration Act, 1860
    • Army, Navy, Air Force and other bodies created by such institutions
    • Foreign Portfolio Investor (FPI) registered with SEBI
    • Religious trusts, private trusts that have the authority to invest in mutual funds
    • Proprietorship in the name of the sole proprietor
    • Schemes of Axis Mutual Fund or any other mutual fund subject to some regulations put in place by the SEBI

    NAV Disclosure and Benchmark for Axis Midcap Fund - Dividend

    The NAV will be disclosed on all business days and will be published in at least two daily newspapers. The NAV will also be updated on the Association of Mutual Funds in India website www.amfiindia.com and the Axis Mutual Fund website www.axismf.com. This updation will be done before 9:00 p.m. every business day. A press release shall be released by the mutual fund in case the NAV is not available before the start of business hours on the following day. They shall give the reason for the delay and will also tell when the NAV would be published.

    The Benchmark of Axis Midcap Fund - Dividend is S&P BSE Midcap Index.

    Axis Midcap Fund - Dividend Fund Manager

    Shreyash Devalkar is the fund manager for Axis Midcap Fund.

    Investment Restrictions for Axis Midcap Fund - Dividend

    Some of the investment restrictions have been listed below:

    • More than 10% of the NAV may not be invested in equity and its related instruments by the scheme.
    • More than 10% of any company’s capital voting rights of any company shall not be owned by the mutual fund under all its schemes.
    • Investments in unrated debt instruments issued by a single issuer may not exceed more than 10% of the NAV of the scheme.
    • Investments may be made by the mutual fund in other schemes of the fund or any other mutual fund altogether without charging any extra fees. All of these shall not exceed 5% of the NAV of the fund.
    • If the investments are meant to be long term in nature, securities shall be transferred or purchased in the fund on account of the scheme.
    • No investments shall be made by the scheme in any fund of funds schemes.
    • Loans shall not be advanced by the scheme under any circumstance.
    • Investments made in equity shares and its related instruments may not exceed more than 5% of the NAV of the scheme.
    • More than 10% of the NAV of the scheme may not be invested in debt instruments that comprise of money and non-money market instruments that have been issued by a single issuer.

    Dividend Policy of Axis Midcap Fund - Dividend

    The Trustee will declare the dividend in case there is an availability of a distributable surplus that has been calculated according to the regulations in place. The decision of the Trustee is final in this case. The record date will be set by the Trustee and will be announced to the public within a day after making the decision about the dividend. This declaration will be made through one English daily newspaper that has nationwide reach and another newspaper in the same language as in the region where the office of the fund company is located.

    Other facilities under Axis Midcap Fund - Dividend

    • Capital Appreciation Systematic Transfer Plan (CAPSTP) - Investors can make investments on a fund and provide instructions to transfer all of the capital appreciation to any other scheme of Axis Mutual Fund of their choice at regular intervals (quarterly, weekly, or monthly).
    • Online Transactions - Transactions will be allowed to be made by Axis Mutual Fund by purchase, redemption or switch by using the AMC website or the mobile application. The amount that can be invested through this feature may be restricted by the AMC at times to protect the investors.

    Why should you invest in Axis Midcap Fund - Dividend

    Axis Mutual Fund is one of the most trusted companies when it comes to mutual funds in the country. The philosophy with which they work always puts the customers first. They have a wide variety of funds that cater to the different needs of the investors. With over 20 lakh active investors already present, the number will only continue to grow in the coming years.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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