★ ★ ★ ★ ★

Axis Midcap Fund Direct Plan Dividend Reinvestment

Equity

  

Mid Cap Fund

NAV

23.17 -0.24

as on (03 Apr, 2020)

RETURNS

5.05 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.56 %

Benchmark

S&P BSE Midcap TR INR

Asset Size

5192.94 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

app screenshot
Google play store download image   Apple app store download image

Fund manager

Shreyash Devalkar

(since 23 Nov, 2016)

Exit load

1 %

(If redeemed within 360 days)

Minimum sip

₹ 500

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

City Union Bank Ltd

5.29 %

GRUH Finance Ltd

5.1 %

Astral Poly Technik Ltd

4.08 %

Page Industries Ltd

3.96 %

Sector Allocation

About the Scheme Type

Mid Cap Fund

Mid cap funds invest only in mid cap companies – those with a market capitalization of INR 500 – INR 10000 Crores. Mid cap funds can be highly volatile and risky; hence, isn’t recommended for first-time investors as well as investors with low risk appetite. The ideal investment horizon for mid cap funds is 5 -7 years and does offer higher returns than both multi cap and large cap funds. However, the flip side to it is that during economic turmoil and crises, mid cap funds can fall down excessively. So, be careful while picking Mid cap funds.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

★ ★ ★ ★ ★

Overview of Axis Asset Management Company Limited

Axis Mutual Fund has grown strongly since the time it launched its first scheme in October 2009. The vision statement of Axis Mutual Fund has been to responsibly manage money and risks to help people feel financially secure and confident of a brighter and prosperous future. We attribute our success, thus far, to Axis Mutual Fund’s 3 founding principles

  • Long term wealth creation
  • Outside in (Customer) view
  • Long term relationship

Our product, sales and service strategy is entirely guided by this. We, at Axis Mutual Fund, aim to provide quality financial and investment solutions to help customers feel financially secure and confident of a brighter and prosperous future. We lay a strong emphasis on risk management and planning. We encourage our investors and our partners to take a holistic view which extends beyond mere investing surpluses to investing with an underlying dream, aspiration or goal.

Investment Philosophy of Axis Mutual Fund:

  • Business to be built on three pillars
    • Outside-in View
    • Investor at the heart of every single decision
    • Communication in investor’s language, not in ours
  • Enduring Wealth Creation
    • Playing a serious and credible role in investor’s money basket
    • Encouraging investors to build a long-term perspective of the mutual fund category
  • Long-term Relationships
    • Outside-in View
    • Aiming at building relationships rather than being transactional