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 245 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹19.82 (as of 2026-10-01) |
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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 | 0.66 |
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| Standard deviation | 18.37% |
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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 | 12.7% |
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| Mid cap | 87.3% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 19.3% |
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| Top 10 holdings | 33.5% |
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| Total holdings | 50 |
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Top holdings
- BSE Ltd. — 5.7%
- Federal Bank Ltd. — 3.7%
- Multi Commodity Exchange of India Ltd — 3.7%
- Laurus Labs Limited — 3.2%
- One 97 Communications Limited — 3.1%
- Hero MotoCorp Limited — 3.0%
- COFORGE LIMITED — 2.9%
- IndusInd Bank Ltd. — 2.8%
- PB Fintech Limited — 2.7%
- Bharat Heavy Electricals Ltd. — 2.7%
Top sectors
- Banking & Financial — 22.6%
- Pharma & Biotech — 9.9%
- Retail — 9.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −2.8% | — | — |
| 2025 | 7.5% | — | — |
| 2024 | 20.7% | — | — |
| 2023 | 49.0% | — | — |