Fundalysisby DARKHORSESTOCKS

Scheme

Axis Midcap Fund

Holds 84 companies worth ₹30,260 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹33,567 CrAxis Midcap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.6% on Aug 2026, ₹35,184 Cr.

  • Largest holding

    Federal BankFederal Bank is 4.0% of this scheme's NAV.

  • Fund manager

    Shreyash DevalkarRuns its co-manager part since 23 Nov 2016, as the fund house dates it. With Nitin Arora (co-manager), Krishnaa N (overseas).

Overview(6 Oct 2026)

Fund managers3

  1. Shreyash DevalkarCo-manager, equity · Nov 2016 · 19y · MMS B.E.
  2. Nitin AroraCo-manager, equity · Aug 2023 · 13y
  3. Krishnaa NOverseas · Mar 2024

    Key facts

    Benchmark
    BSE 150 MidCap TRI
    Risk
    Very High
    Expense
    Regular 1.78% · Direct 0.83%
    Exit load
    10% within 3 months
    Started
    18 Feb 2011
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(20 changes)

    Oct 2026

    1 change
    1. Expense ratio
      5 OctRegular 1.79% → 1.78%Direct 0.84% → 0.83%

    Sept 2026

    2 changes
    1. Exit load
      22 Sept10% within 12 months → 10% within 3 months
    2. Expense ratio
      10 SeptRegular 1.61% → 1.79%Direct 0.64% → 0.84%

    May 2026

    1 change
    1. Expense ratio
      17 MayRegular 1.56% → 1.61%Direct 0.55% → 0.64%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Nov 2016 – now)

    1. Shreyash Devalkar
    2. Nitin Arora
    3. Krishnaa N
    MainCoSlice20172019202120232025
    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 – Oct 2026)

    Every change to the expense ratio, newest first.
    20 changesRegularDirectΔ pt
    5 Oct 20261.78%0.83%0.01
    10 Sept 20261.79%0.84%0.20
    17 May 20261.61%0.64%0.09
    24 Feb 20261.56%0.55%0.01
    18 Jan 20261.57%0.56%0.01
    26 Sept 20251.56%0.55%0
    23 Jun 20251.57%0.55%0.01
    4 Jun 20251.57%0.54%0.01
    16 Apr 20251.58%0.55%0.01
    9 Apr 20251.59%0.56%0
    25 Mar 20251.58%0.56%0
    25 Feb 20251.59%0.56%0.01
    10 Feb 20251.58%0.55%0.02
    29 Jan 20251.60%0.57%0.03
    16 Jan 20251.57%0.54%0.01
    10 Dec 20241.56%0.53%0.01
    12 Nov 20241.57%0.54%0.01
    23 Sept 20241.56%0.53%0.01
    30 Aug 20241.57%0.54%0.01
    21 Aug 20241.58%0.53%–
    Direct plan, 5 Oct 2026
    0.83%
    Regular plan 1.78% · Exit load 10% within 3 months
    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(6 Oct 2026)

    Objective

    To achieve long term capital appreciation by investing predominantly in equity & equity related instruments ofMid Cap companies.There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    (An Open Ended Equity Scheme Predominantly Investing In Mid Cap Stocks)
    Benchmark
    BSE 150 MidCap TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity Related Instruments of Midcap companies
      Allowed65–100%
    2. Equity and Equity Related Instruments of non Mid-cap Companies
      Allowed0–35%
    3. Debt and Money Market Instruments
      Allowed0–35%Holds9.8%
    4. Units issued by InvITs
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.90.2% equity · 9.8% debt and cash

    How to invest(6 Oct 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 - 10.00, Weekly - 100.00, 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(6 Oct 2026)

    What it is

    Category
    Midcap Fund
    Offer
    31 Jan 2011 to 14 Feb 2011
    Started
    18 Feb 2011
    Reopened
    24 Feb 2011
    Plans
    Direct IDCW · Direct Growth · Regular IDCW · Regular Growth
    Face value
    ₹10
    Listed
    Unlisted

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/E/MIF/10/12/0009