Investment Objective and Approach

The Axis Midcap Fund aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of mid-cap companies. The fund invests a majority of its investible corpus in equity and equity related instruments of companies with medium market capitalization. The scheme may invest the remaining corpus in other equity related instruments in quantum with the scheme's investment objective.

The fund follows a bottom-up stock selection approach, focusing on scalable and asset-light business models, which are key to thriving in the Mid-cap Space. The investment philosophy centers around identifying quality companies with strong growth potential, emphasizing "quality is the bedrock of everything," as highlighted by the fund's management approach.

The fund's strategy is built on three key pillars:

- Quality Focus: Prioritizing companies with strong governance and operational efficiency

- Growth Orientation: Seeking businesses with sustainable competitive advantages

- Bottom-up Research: Intensive company-level analysis rather than macro-economic predictions

Our portfolio has a bottom-up approach where we are more titled towards certain segments or sectors. By virtue of our philosophy on 'Quality and Growth', some of these companies have traditionally been expensive.

Fund Managers

Shreyash Devalkar is the Current Fund Manager of Axis Midcap Direct Plan Growth fund. Having joined Axis AMC in 2016 as a fund manager, he has been steering the equity division since 2023. He currently oversees flagship funds, including Axis Bluechip, Midcap, Tax Saver, and Growth Opportunities, with total assets worth over Rs 1.3 lakh crore.

Professional Background:

Shreyash Devalkar is a leading fund manager at Axis Mutual Fund, known for his consistent track record and a strong focus on quality growth companies. With over 15 years of experience in equity markets, he follows a bottom-up, research-intensive approach that prioritises earnings visibility, strong governance, and capital efficiency.

Educational Qualifications:

Qualification: Bachelor in Chemical Engineering & Masters in Management Studies.

Previous Experience:

Period From - To November 16, 2016 - till date- BNP Paribas Asset Management India Pvt. Ltd. - Fund Manager Period From - To January 17, 2011 TO November 15, 2016.- IDFC Asset Management Company Ltd. - Vice President - Research Period From - To July 24, 2008 to January 14, 2011.- IDFC Securities Ltd. - Research Analyst Period From - To September 07, 2005 to July 23, 2008.

About the Fund House (AMC)

Axis Asset Management Company Ltd., the formal name of Axis Mutual Fund, is the mutual fund investment wing of Axis Bank, one of the largest private banks in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.

Founding and Philosophy:

The Axis MF AMC was incorporated back in October 2009 and has since abided by its three pillars:

1. Outside-in view – Communicate with customers in their language to assist better in taking the right investment decision.

2. Long-term wealth creation – Encourage investors to create a long-term investment strategy and play a critical role in their wealth management.

3. Long-term relationship – Build relationships beyond finances.

Asset Base and Global Presence:

As of March 31, 2024, the AMC has reported Assets Under Management (AMU) for schemes of Axis Mutual Funds at Rs. 2.74 lakh crores. It has 31 investment teams operating across 19 nations in the Middle East, Europe, America, and Asia.

Should I Invest in Axis Midcap Fund?

Performance Track Record:

The fund has shown strong performance of CAGR since inception of 19.67% vs 18.83% (Benchmark – BSE Midcap 150 TRI). Over the past five years, Axis Midcap Fund - Direct Plan has delivered an annualised return of 25.05% as of 01-Aug-2025.

Key Financial Metrics (as of August 2025):

- Latest NAV: ₹133.05 as of 25 Aug 2025

- AUM: ₹32068.52 Cr as of 8th August 2025

- Expense Ratio: 0.55% (Direct Plan as on 31st July 2025)

- Minimum SIP: ₹100 for the SIP (Systematic Investment Plan) option

Investor Confidence Indicators:

With 11,63,282 Active Investors and 5,60,911 Active SIPs in July, the fund demonstrates strong investor confidence and a robust investor base.

Risk Profile:

The Axis Midcap Direct Plan Growth is rated Very High risk. This fund is suitable for investors with:

- High risk tolerance

- Long-term investment horizon (5+ years)

- Understanding of mid-cap volatility

- Desire for potentially higher returns than large-cap funds

Who Should Consider This Fund:

- Investors seeking exposure to mid-cap growth stories

- Those with experience in equity investing

- Investors looking for active fund management

- Long-term wealth creation goals

FAQs

What is today's NAV of Axis Midcap Fund?

The latest NAV varies daily. Check the current NAV on Allvest's platform or the official fund website for real-time updates.

What is the AUM of Axis Midcap Fund?

The AUM is ₹32,068.52 Cr as of 8th August 2025. The AUM reflects the total value of assets managed by the fund.

What is the expense ratio of Axis Midcap Fund?

It has a relatively lower expense ratio of 0.55% (Direct Plan as on 31st July 2025). Regular plan expense ratio is higher than the direct plan.

What are the returns of Axis Midcap Fund since inception?

The fund has shown strong performance of CAGR since inception of 19.67% compared to its benchmark's 18.83% returns.

What is the minimum SIP amount to invest in Axis Midcap Fund?

The minimum investment required to start investing in Axis Midcap Fund is ₹100 for the SIP option.

How do I invest in Axis Midcap Fund?

You can invest in Axis Midcap Fund through Allvest's platform by completing your KYC, selecting the fund, and choosing between lump sum or SIP investment options.

How to start a SIP in Axis Midcap Fund?

Log into your Allvest account, search for Axis Midcap Fund, select SIP option, choose investment amount and frequency, then set up auto-debit for seamless investing.

How do I automate an SIP in Axis Midcap Fund?

Through Allvest, you can set up automated SIPs by providing bank mandate for auto-debit. This ensures regular investments without manual intervention each month.

How can I withdraw/redeem my investment in Axis Midcap Fund?

You can redeem your investment through Allvest's platform by placing a redemption request. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.