Fundalysisby DARKHORSESTOCKS

Scheme

Axis Medium Term Fund

Holds 8 companies worth ₹73.2 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹1,971 CrAxis Medium Term Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.7% on Aug 2026, ₹2,113 Cr.

  • Largest holding

    INDIA GRID TRUST INV ITINDIA GRID TRUST INV IT is 1.1% of this scheme's NAV.

  • Fund manager

    Akhil ThakkerRuns its co-manager part since 5 Nov 2012, as the fund house dates it. With Devang Shah (co-manager), Sachin Jain (co-manager).

Overview(28 Sept 2026)

Fund managers3

  1. Akhil ThakkerCo-manager, debt · Nov 2012
  2. Devang ShahCo-manager, debt · Nov 2012
  3. Sachin JainCo-manager, debt · Feb 2023 · 10y · PGDM B.Tech

    Key facts

    Benchmark
    NIFTY Medium Duration Debt Index A-III
    Risk
    Moderately High
    Expense
    Regular 1.32% · Direct 0.71%
    Exit load
    Nil
    Started
    28 Mar 2012
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

    What changed(13 changes)

    Sept 2026

    4 changes
    1. Category
      28 SeptMedium Duration Fund → Medium Term Fund
    2. Renamed
      22 SeptAxis Strategic Bond Fund → Axis Medium Term Fund
    3. Exit load
      10 Sept1% within 15 days → Nil
    4. Expense ratio
      10 SeptRegular 1.33% → 1.32%

    Jan 2026

    2 changes
    1. Exit load
      18 JanIf redeemed/switchout within 12 mnths from the date of alltmnt for 10% of inv.ment:Nil on FIFO, for remaining inv.ment: 1% w.e.f 30/06/2016. → 1% within 15 days
    2. Expense ratio
      18 JanDirect 0.72% → 0.71%

    Sept 2025

    1 change
    1. Expense ratio
      26 SeptRegular 1.16% → 1.33%Direct 0.55% → 0.72%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Nov 2012 – now)

    1. Akhil Thakker
    2. Devang Shah
    3. Sachin Jain
    MainCoSlice2013201520172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    10 changesRegularDirectΔ pt
    10 Sept 20261.32%0.71%0
    18 Jan 20261.33%0.71%0.01
    26 Sept 20251.33%0.72%0.17
    4 Jun 20251.16%0.55%0.02
    9 Apr 20251.14%0.53%0.01
    25 Mar 20251.15%0.54%0.01
    16 Jan 20251.16%0.55%0.01
    30 Dec 20241.15%0.54%0.09
    30 Aug 20241.06%0.45%0.03
    21 Aug 20241.03%0.42%–
    Direct plan, 10 Sept 2026
    0.71%
    Regular plan 1.32% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(28 Sept 2026)

    Objective

    To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

    Risk, type and benchmark

    Riskometer
    Moderately High
    At launch
    Moderately High
    Risk class
    C-III: relatively high credit risk, relatively high interest-rate risk
    Type
    An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/derivatives)References to Page Nos for Macaulay Duration below the Type of scheme, if any shall stand deleted.
    Benchmark
    NIFTY Medium Duration Debt Index A-III

    Asset allocation it may hold% of NAV

    1. Debt and Money Market instruments - (100%),Units issued by InvITs
      Allowed0–10%

    Holds in Sept 2026.1.4% equity · 96.3% debt and cash · 2.3% REITs and InvITs

    How to invest(28 Sept 2026)

    Buying

    To start
    ₹100, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
    Minimum
    SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹1
    Instalments
    SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

    Selling and switching

    Scheme details(28 Sept 2026)

    What it is

    Category
    Medium Term Fund
    Offer
    9 Mar 2012 to 21 Mar 2012
    Started
    28 Mar 2012
    Reopened
    3 Apr 2012
    Plans
    Direct Growth Direct Half Yearly IDCW Direct Quarterly IDCW Regular Growth Regular Half Yearly IDCW Regular Quarterly IDCW
    Face value
    ₹10
    Listed
    Unlisted

    How it is run

    Swing pricing
    Yes
    Side-pocketing
    Yes
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/D/MDF/11/09/0012