Axis Nifty Midcap 50 Index Fund
The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors.
Growthvine rating: 5/5 — ranked #15 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹21.58 (as of 2026-08-21) |
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| AUM | ₹736 Cr |
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| Expense ratio | 0.89% |
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| Riskometer | Very High |
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| Fund manager | Nandik Mallik |
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| Exit load | 0.25% for redemption within 7 days |
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Performance & risk
| Sharpe ratio | 0.68 |
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| Standard deviation | 18.40% |
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| Max drawdown | -20.54% |
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| Alpha | -0.03 |
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| Beta | 1.01 |
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Market cap allocation
| Large cap | 13.2% |
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| Mid cap | 86.8% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 19.2% |
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| Top 10 holdings | 32.4% |
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| Total holdings | 50 |
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Top holdings
- BSE Ltd. — 6.4%
- Federal Bank Ltd. — 3.8%
- Laurus Labs Limited — 3.0%
- Hero MotoCorp Limited — 3.0%
- Multi Commodity Exchange of India Ltd — 3.0%
- IndusInd Bank Ltd. — 2.9%
- Persistent Systems Limited — 2.6%
- COFORGE LIMITED — 2.6%
- Bharat Heavy Electricals Ltd. — 2.5%
- AU Small Finance Bank Limited — 2.5%
Top sectors
- Banking & Financial — 23.6%
- Pharma & Biotech — 10.1%
- Retail — 9.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 5.9% | — | — |
| 2025 | 7.5% | — | — |
| 2024 | 20.7% | — | — |
| 2023 | 49.0% | — | — |