Scheme

Axis Nifty Midcap 50 Index Fund

Holds 50 companies worth ₹732 Cr in Sept 2026.

Fund house
AxisThe fund house that runs this scheme.
AUM
₹732 CrAxis Nifty Midcap 50 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.7% on Aug 2026, ₹768 Cr.
Largest holding
Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited is 3.9% of this scheme's NAV.
Fund manager
Nandik MalikRuns it since 6 Mar 2026, as the fund house dates it. With Rohit Gautam (co-manager).

Overview^{(6 Oct 2026)}

Fund managers2

Nandik MalikFund manager, equity · Mar 2026 · 20y · PGDM B.Tech
Rohit GautamCo-manager, equity · Mar 2026 · 18y · PGDM B.Tech

Karthik KumarAug 2023 – May 2026
Mayank HyankiApr 2024 – Dec 2024

Key facts

Benchmark: Nifty Midcap 50 Index TRI
Risk: Very High
Expense: Regular 1.18% · Direct 0.37%
Exit load: 0.25% within 7 days
Started: 28 Mar 2022
Minimum: ₹100

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

What changed^{(11 changes)}

Oct 2026

1 change

Expense ratio
5 OctRegular 1.1% → 1.18%Direct 0.29% → 0.37%

Sept 2026

1 change

Expense ratio
10 SeptRegular 1.17% → 1.1%Direct 0.37% → 0.29%

May 2026

4 changes

Nandik Malik joined
17 Mayas fund manager (equity)
Rohit Gautam joined
17 Mayas co-manager (equity)
Karthik Kumar left
17 Mayran it as fund manager (equity) from Aug 2023
Expense ratio
17 MayRegular 1.01% → 1.17%Direct 0.24% → 0.37%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(Aug 2023 – now)}

MainCoSlice202420252026

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.
8 changes	Regular	Direct	Δ pt
5 Oct 2026	1.18%	0.37%	0.08
10 Sept 2026	1.10%	0.29%	0.08
17 May 2026	1.17%	0.37%	0.13
24 Feb 2026	1.01%	0.24%	0.01
26 Sept 2025	1.02%	0.25%	0.01
30 Dec 2024	1.03%	0.26%	0.01
22 Aug 2024	1.02%	0.25%	0.02
21 Aug 2024	1.00%	0.23%	–

Direct plan, 5 Oct 2026

0.37%

Regular plan 1.18% · Exit load 0.25% within 7 days

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 provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. However, there can be 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 scheme replicating/ tracking the Nifty Midcap 50 Index
Benchmark: Nifty Midcap 50 Index TRI

Asset allocation it may hold% of NAV

Securities covered by Nifty Midcap 50 Index
Allowed95–100%
Debt & Money Market Instruments
Allowed0–5%Holds0.0%

Holds in Sept 2026.100.1% equity

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, 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^{(6 Oct 2026)}

What it is

Category: Index Fund
Offer: 10 Mar 2022 to 23 Mar 2022
Started: 28 Mar 2022
Reopened: 31 Mar 2022
Plans: Direct IDCW Direct Growth Regular IDCW Regular Growth
Face value: ₹10
Listed: Unlisted

How it is run

Swing pricing: No
Side-pocketing: Yes
Custodian: DEUTSCHE BANK AG
Auditor: B S R & Co. LLP
Registrar: Kfintech Ltd
SEBI code: AXIS/O/O/EIN/21/09/0062