Understanding AXIS MIDCAP Fund
Let’s take a closer look at the AXIS MIDCAP fund to help you make informed investment decisions.
Basic Information
– **Date of Launch:** 18 February 2011
– **Category:** Equity
– **Type:** Mid-Cap
– **AUM:* Rs.30,143.58 crore
– **Benchmark:** BSE 150 Midcap Total Return Index
Cost Analysis
– **NAV (Growth Option):** Rs.105.75
– **IDCW:** Rs.42.97
– **Minimum Investment:** Rs.100
– **Minimum SIP Amount:** Rs.100
– **Expense Ratio (%):** 1.57
– **Exit Load:** 1% for redemption within 365 days for units exceeding 10% of the investment
Fund Manager
– **Manager:** SHREYASH DEVALKAR
– **Experience:** 7 Years, 8 Months
Recent Portfolio Changes
– **New Entrants:**
– Aadhar Housing Finance
– Go Digit General Insurance
– Petronet LNG
– REC
– Suzlon Energy
– Zydus Lifesciences (May)
– Aarti Industries
– Colgate-Palmolive (India)
– Container Corporation of India
– Godrej Properties
– Indus Towers
– Tech Mahindra
– United Breweries
– V-Guard Industries (June)
– **Complete Exits:**
– Bata India
– Tata Chemicals (June)
Should You Consider Buying?
The AXIS MIDCAP fund focuses on quality businesses with a preference for companies that have a leadership position in emerging sectors or are challengers in established industries. The fund has diversified its portfolio size from 35-40 stocks a few years ago to over 100 now for better risk management and wider participation from mid-sized businesses. In recent years, the fund has faced a decline in performance due to market shifts towards the value segment. However, it is expected to bounce back when the market rotation favors growth and quality.
Hot Take
Consider the AXIS MIDCAP fund for its strategic emphasis on quality businesses and emerging sectors to potentially benefit from its growth and quality-driven strategy.
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