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 | ₹119.72 (as of 2026-09-25) |
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| AUM | ₹34,404 Cr |
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| Expense ratio | 1.31% |
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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 | 12.67% |
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| Sharpe ratio | 0.68 |
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| Standard deviation | 16.15% |
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| Max drawdown | −29.44% |
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| Alpha | 0.92 |
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| Beta | 0.86 |
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Over 5 years, captured 81.1% of NIFTY Midcap 150's upside and 85.0% of its downside.
Market cap allocation
| Large cap | 20.3% |
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| Mid cap | 72.8% |
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| Small cap | 6.9% |
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Concentration
| Top 5 holdings | 15.4% |
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| Top 10 holdings | 26.4% |
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| Total holdings | 87 |
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| Index overlap | 40.6% |
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| Active share | 59.4% |
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Top holdings
- Federal Bank Ltd. — 4.4%
- Clearing Corporation of India Ltd — 3.8%
- Fortis Healthcare Ltd — 3.2%
- Apar Industries Ltd — 2.7%
- Sona BLW Precision Forgings Limited — 2.7%
- GE Vernova T&D India Limited — 2.3%
- PB Fintech Limited — 2.3%
- Indian Hotels Co. Ltd — 2.3%
- Ipca Laboratories Ltd. — 2.2%
- The Phoenix Mills Ltd. — 2.1%
Top sectors
- Automobile — 12.8%
- Retail — 11.6%
- Banking & Financial — 11.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 5.8% | Q2 | #10 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 |