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 | ₹19.30 (as of 2026-10-22) |
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| AUM | ₹732 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 | 0.44 |
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| Standard deviation | 19.11% |
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| Max drawdown | −20.54% |
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| Alpha | -0.65 |
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| Beta | 1.02 |
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Market cap allocation
| Large cap | 5.0% |
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| Mid cap | 95.0% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 17.7% |
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| Top 10 holdings | 31.7% |
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| Total holdings | 50 |
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Top holdings
- Multi Commodity Exchange of India Ltd — 3.9%
- Federal Bank Ltd. — 3.7%
- Laurus Labs Limited — 3.6%
- One 97 Communications Limited — 3.4%
- Hero MotoCorp Limited — 3.2%
- Indian Hotels Co. Ltd — 3.0%
- Bharat Heavy Electricals Ltd. — 2.8%
- IndusInd Bank Ltd. — 2.8%
- AU Small Finance Bank Limited — 2.7%
- Persistent Systems Limited — 2.7%
Top sectors
- Banking & Financial — 17.3%
- Retail — 11.2%
- Pharma & Biotech — 11.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.3% | — | — |
| 2025 | 7.5% | — | — |
| 2024 | 20.7% | — | — |
| 2023 | 49.0% | — | — |