Axis Midcap Fund
Your Wealth Generator!
What Are Midcap Funds?
• Midcap Fund is a category of mutual fund which diversify the assets in the stocks of midcap companies. • Midcap companies are those which are ranked between 101250 on the basis of market capitalization. • Such companies have high tendency to achieve huge profit in their balance sheet due to strong fundamentals. • Midcap stocks are more volatile towards market volatility therefore, for investing in midcap funds an investor require high risk appetite.
Axis Midcap Fund: Some Important Facts
• It is an open ended scheme of Axis Mutual Fund which made its debut in the mutual fund market on 18th February, 2011 with a vision to provide healthy returns to the investors in the long run. • AUM of Axis Midcap Fund is Rs. 2,549 Crore (as on 31st May, 2019). • The minimum Lump Sum and SIP investment required is Rs. 5000 and Rs. 1000, respectively. • The exit load of the scheme is 1% when an investor makes a redemption within 365 days for the units in excess of 10%. • As on 30th April, 2019 the expense ratio of the fund is 2.28%.
Axis Midcap Fund: Investment Philosophy
• Axis Midcap Fund follows growth style of investment and invest in a combination of equities and debt instruments. • As on 15th June, 2019 the fund invests 88.27% of the total assets in 41 stocks and the remaining 16.74% are diversified in the debt instruments. • The percentage allocation of midcap stocks are 82.15% followed by large cap (17.8%) and small cap stocks (0.05%). • The midcap stocks are handpicked after analyzing the previous record and future growth aspect.
Axis Midcap Fund: Diversified Sector Allocation • The midcap fund of Axis Mutual Fund has diversified the assets in many promising sectors of the Indian Economy. • Among the top holders are Financial Sector (33.25%), Services (14.4%), Chemicals (10.58%), Healthcare (6.26%), Automobile (4.44%), Engineering (3.67%), etc., to name a few. • Deploying the assets in the large number of sectors helps in minimizing the risk associated with a single sector. • During market volatility, loss generated by some sectors can be compensated by the profit generated by other sectors.
Axis Midcap Fund: Historical Past Performance
• The investment philosophy followed by the fund manager has worked well for the scheme. • Axis Midcap Fund has performed consistently well in the long run and have defeated its benchmark and category's average every single time. • The thriving past performance is depicted in the table given below:
Annualized Returns
3-Year
5-Year
7-Year
Axis Midcap Fund
14.14%
13.59%
19.90%
Benchmark
10.68%
12.00%
15.36%
Category's Average
10.48%
13.45%
18.97%
How to Become a Crorepati With Axis Midcap Fund?
• The past performance of Axis Midcap Fund clearly indicates that the fund has provided around 20% of returns in the long term. • The SIP Calculator projects that through a monthly investment of Rs. 5000 for an investment tenure of 18 years, an investor will be able to accumulate enough money to be called as a 'Crorepati'. • Below is the result generated by SIP Calculator: Investment Amount: Rs. 1,080,000 Expected Amount: Rs. 10,531,128 Wealth Creation: Rs. 9,451,128
Fund Manager of Axis Midcap Fund • Mr. Shreyash Devalkar: He is currently the fund manager of Axis Midcap Fund. Mr. Devalkar joined Axis Asset Management Company on November 16, 2016 as a fund manager. He has a vast experience of equity market and holds great expertise in equity research and portfolio management. Along with managing Axis Midcap Fund, he also manages other top performing schemes of Axis Mutual Fund, such as Axis Bluechip Fund, Axis Multicap Fund Regular Plan, Axis Equity Advantage Fund Series 1 Regular Plan, and Axis Equity Advantage Fund Series 2 Regular Plan. Thus, he is a perfect candidate who can do complete justice with investors' money.
How to Invest in Axis Midcap Fund?
MySIPonline, the leading mutual fund platform in India can help you to park your cash in Axis Midcap Fund. Follow these simple steps to begin the investment journey: 1. Login to www.mysiponline.com or download the mobile app (compatible with iOS and Android). 2. On the home page, you will find the 'Registration Box'. Get yourself registered using Google account or create a MySIPonline account. 3. Fill in your personal details along with scanned original documents (PAN Card, Aadhaar Card, Photograph, and Signature). 4. After registration, verify yourself using Video KYC. 5. Now land on the AMC page and select Axis Midcap Fund. Select the SIP mode of investment and choose an affordable SIP amount along with the installment date.
Final Verdict on Axis Midcap Fund
Axis Midcap Fund has been a consistent performer over the years. The fund was among the few midcap funds to show better recovery rate from the market volatility of 2018. Moreover, the long term capital appreciation of the fund are excellent which again helps this fund in scoring a point over other midcap category funds. Thus, if you are an investor who can digest high market risk then start the SIP plan in this midcap fund of Axis Mutual Fund as early as possible. Happy Investment!
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Disclaimer: The presentation is intended as a source to impart knowledge to the investors. The data has been collected from several mutual forums. *Mutual Funds investments are subject to market risk, read all scheme related documents carefully.