Axis Mid cap Fund
The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
Growthvine rating: 2/5 — ranked #22 of 34 in category.
Fund basics
| Category | Equity: Mid Cap |
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| NAV | ₹116.77 (as of 2026-10-16) |
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| AUM | ₹33,528 Cr |
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| Expense ratio | 1.32% |
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| Riskometer | Very High |
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| Fund manager | Nitin Arora |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 3 months |
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Performance & risk
| 5-year annualised return | 11.12% |
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| Sharpe ratio | 0.54 |
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| Standard deviation | 16.65% |
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| Max drawdown | −29.44% |
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| Alpha | 1.43 |
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| Beta | 0.86 |
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Over 5 years, captured 80.3% of NIFTY Midcap 150's upside and 84.7% of its downside.
Market cap allocation
| Large cap | 19.1% |
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| Mid cap | 72.4% |
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| Small cap | 8.5% |
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Concentration
| Top 5 holdings | 14.5% |
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| Top 10 holdings | 25.8% |
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| Total holdings | 84 |
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| Index overlap | 41.4% |
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| Active share | 58.6% |
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Top holdings
- Clearing Corporation of India Ltd — 6.5%
- Federal Bank Ltd. — 4.0%
- Apar Industries Ltd — 2.8%
- Sona BLW Precision Forgings Limited — 2.7%
- Fortis Healthcare Ltd — 2.6%
- GE Vernova T&D India Limited — 2.4%
- Indian Hotels Co. Ltd — 2.4%
- Ipca Laboratories Ltd. — 2.3%
- The Phoenix Mills Ltd. — 2.3%
- Lenskart Solutions Limited — 2.2%
Top sectors
- Automobile — 12.3%
- Retail — 11.8%
- Banking & Financial — 11.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.2% | Q1 (Top) | #7 of 31 |
| 2025 | 1.0% | Q3 | #19 of 29 |
| 2024 | 30.0% | Q2 | #12 of 29 |
| 2023 | 29.6% | Q4 (Bottom) | #27 of 28 |
| 2022 | −5.1% | Q4 (Bottom) | #21 of 22 |