Axis Nifty Midcap 50 Index Fund Direct-IDCW
(Scheme Rating)
NAV as of May 28, 2025
19.32-0.25%
(Earn upto 0.77% Extra Returns with Direct Plan)
Fund Category:
Equity: Mid Cap
Expense Ratio:
0.26%(0.57% Category
average)Fund Size:
Rs. 423.69 Cr(0.11% of Investment in Category)
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Axis Nifty Midcap 50 Index Fund Direct-IDCW
(Scheme Rating)
NAV as of May 28, 2025
19.32-0.25%
Expense Ratio:
0.26%
Fund Size:
Rs. 423.69 Cr
Fund Category:
Equity: Mid Cap
Axis Nifty Midcap 50 Index Fund Direct-IDCW Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Axis Nifty Midcap 50 Index Fund - Direct Plan as of May 28, 2025 is Rs 19.32 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.39% (1yr), 28.05% (3yr) and 23.08% (since launch). Whereas, Category returns for the same time duration are: 6.58% (1yr), 24.41% (3yr) and 31.47% (5yr).
3. Fund Size: The Axis Nifty Midcap 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 423.69 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.26% for Direct plan as on May 22, 2025.
5. Exit Load: Axis Nifty Midcap 50 Index Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25% if redeemed within 7 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Axis Nifty Midcap 50 Index Fund - Direct Plan as of May 28, 2025 is Rs 19.32 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.39% (1yr), 28.05% (3yr) and 23.08% (since launch). Whereas, Category returns for the same time duration are: 6.58% (1yr), 24.41% (3yr) and 31.47% (5yr).
3. Fund Size: The Axis Nifty Midcap 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 423.69 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.26% for Direct plan as on May 22, 2025.
5. Exit Load: Axis Nifty Midcap 50 Index Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25% if redeemed within 7 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Nifty Midcap 50 Index Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 3.50 17.74 1.85 8.82 28.04 - Category Avg 5.32 17.69 -0.91 7.55 24.83 30.96 Rank within Category 49 33 1 17 10 - No. of funds within Category 61 58 56 51 38 28 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Midcap 50 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
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Axis Nifty Midcap 50 Index Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors.
| Fund House | Axis Mutual Fund |
| Launch Date | Mar 28, 2022 |
| Benchmark | NIFTY Midcap 50 Total Return Index |
| Return Since Launch | 23.1% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | High |
| Return Grade | Above Average |
Axis Nifty Midcap 50 Index Fund Direct-IDCW Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load Exit load of 0.25% if redeemed within 7 days. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| APR 2025 | MAR 2025 | FEB 2025 | JAN 2025 | DEC 2024 | NOV 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 50 | 50 | 50 | 50 | 50 | 51 |
| Top 5 Company Holdings | 19.89% | 19.63% | 20.03% | 20.01% | 20.78% | 19.43% |
| Top 10 Company Holdings | 34.17% | 33.94% | 34.44% | 34.13% | 35.55% | 33.99% |
| Company with Highest Exposure | BSE (5.02%) | Max Healthcare Institute (4.99%) | Max Healthcare Institute (4.79%) | Max Healthcare Institute (4.7%) | Max Healthcare Institute (4.67%) | Suzlon Energy (4.27%) |
| Number of Sectors | 16 | 16 | 15 | 15 | 15 | 15 |
| Top 3 Sector Holdings | 38.27% | 37.88% | 43.67% | 43.04% | 43.02% | 42.85% |
| Top 5 Sector Holdings | 56.49% | 56.56% | 60.0% | 60.1% | 61.02% | 59.92% |
| Sector with Highest Exposure | Financial (14.76%) | Financial (14.4%) | Financial (18.49%) | Financial (17.72%) | Financial (16.39%) | Financial (17.15%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Suzlon Energy Capital Goods 5.09 78.02 0.84 43.86 Max Healthcare Institute Healthcare 3.93 - - - The Indian Hotels Company Services 3.22 56.76 13.40 34.52 Persistent Systems Technology 3.1 63.04 89.84 52.99 Lupin Healthcare 2.83 27.22 71.88 21.24 Dixon Technologies (India) Capital Goods 2.8 81.16 181.87 60.37 Cummins India Capital Goods 2.77 44.02 72.15 -22.39 PB Fintech Services 2.75 - - - Colgate-Palmolive (India) Consumer Staples 2.69 47.13 52.83 -6.80 Indus Towers Communication 2.61 10.35 37.65 14.77
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Nifty Midcap 50 Index Fund Direct-IDCW 19.32 423.69 3.50 8.82 28.04 - Motilal Oswal Midcap Fund Direct-IDCW 49.90 27,780.18 6.02 18.44 34.10 39.75 HDFC Mid-Cap Opportunities Fund Direct-IDCW 78.19 74,909.76 5.70 11.29 31.15 35.58 Mahindra Manulife Mid Cap Fund Direct-IDCW 29.20 3,552.52 4.50 7.41 28.64 33.17 Nippon India Growth Fund Direct- IDCW 184.35 34,690.03 4.76 11.93 30.08 36.06
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
17.93VS16.82Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.02VS0.94Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.92VS0.82Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
16.28VS14.78Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
1.60VS0.08Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
22.81VS20.09Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
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Fund Manager
- K.K.Karthik KumarSince Aug 202311 schemes
Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical) Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Nifty 100 Index Fund Direct-IDCW Large Cap 22.47 1,827.25 7.08 Axis Nifty 50 Index Fund Direct-IDCW Large Cap 14.82 683.72 9.11 Axis Nifty Smallcap 50 Index Fund Direct-IDCW Small Cap 18.03 447.25 8.33 Axis Nifty Next 50 Index Fund Direct-IDCW Large Cap 16.47 323.35 -1.94 Axis Equity ETFs FoF Direct-IDCW Flexi Cap 14.90 31.03 -0.63 Axis Income Plus Arbitrage Active FoF Direct-IDCW Others 14.67 Unrated 203.04 10.18 Axis Momentum Fund Direct - IDCW Thematic 9.03 Unrated 1,293.21 - Axis Nifty Bank Index Fund Direct-IDCW Sectoral-Banking 11.36 Unrated 143.45 - Axis Nifty IT Index Fund Direct-IDCW Sectoral-Technology 12.84 Unrated 125.02 12.29 Axis BSE Sensex Index Fund Direct-IDCW Large Cap 11.25 Unrated 47.71 9.08 Axis Quant Fund Direct-IDCW Thematic 16.48 Unrated 962.94 -0.18
More Axis Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Axis Liquid Direct Fund-Growth | 39,069.41 | 0.52 | 1.80 | 3.63 | 7.39 | 7.00 | |
| Axis ELSS Tax Saver Direct Plan-Growth | 34,949.86 | 3.60 | 8.82 | 4.31 | 11.13 | 17.69 | |
| Axis Bluechip Fund Direct Plan-Growth | 33,218.10 | 3.15 | 7.56 | 5.44 | 9.68 | 16.10 | |
| Axis Midcap Direct Plan-Growth | 28,809.45 | 7.16 | 11.90 | 2.01 | 10.52 | 23.13 | |
| Axis Small Cap Fund Direct-Growth | 23,317.93 | 5.39 | 11.84 | 1.15 | 11.90 | 23.39 | |
| Axis Money Market Fund Direct-Growth | 17,354.56 | 0.69 | 2.41 | 4.24 | 8.27 | 7.52 | |
| Axis Growth Opportunities Fund Direct-Growth | 13,755.24 | 5.61 | 7.90 | 2.08 | 10.17 | 22.00 | |
| Axis Banking & PSU Debt Direct Plan-Growth | 13,313.34 | 0.97 | 3.38 | 5.25 | 9.49 | 7.45 | |
| Axis Focused Direct Plan-Growth | 12,665.01 | 4.03 | 10.70 | 5.11 | 11.62 | 14.22 | |
| Axis Flexi Cap Fund Direct-Growth | 12,352.57 | 4.37 | 11.30 | 3.32 | 11.88 | 18.38 |
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About Axis Nifty Midcap 50 Index Fund Direct-IDCW
1. Axis Nifty Midcap 50 Index Fund - Direct Plan is Open-ended Mid Cap Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Mar 28, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. "
2. It is benchmarked against NIFTY Midcap 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 100.02% in equities, 0.37% in debts and -0.4% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.79% of the assets, the top 3 sectors constitute around 38.27% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Nifty Midcap 50 Index Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Axis Nifty Midcap 50 Index Fund - Direct Plan is Open-ended Mid Cap Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Mar 28, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. "
2. It is benchmarked against NIFTY Midcap 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 100.02% in equities, 0.37% in debts and -0.4% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.79% of the assets, the top 3 sectors constitute around 38.27% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Nifty Midcap 50 Index Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Axis Nifty Midcap 50 Index Fund Direct-IDCW
- Is it safe to invest in Axis Nifty Midcap 50 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Nifty Midcap 50 Index Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis Nifty Midcap 50 Index Fund - Direct Plan?Axis Nifty Midcap 50 Index Fund - Direct Plan belongs to the Equity : Mid Cap category of funds.
- How Long should I Invest in Axis Nifty Midcap 50 Index Fund - Direct Plan?The suggested investment horizon of investing into Axis Nifty Midcap 50 Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Nifty Midcap 50 Index Fund - Direct Plan?The Axis Nifty Midcap 50 Index Fund - Direct Plan is managed by Karthik Kumar (Since Aug 03, 2023).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
