How to Invest in Axis Midcap Direct Plan IDCW?

You can easily invest in Axis Midcap Direct Plan IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Axis Midcap Direct Plan IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Axis Midcap Direct Plan IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Midcap Direct Plan IDCW provide?

The Axis Midcap Direct Plan IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is 18.03% since its inception.

How much expense ratio is charged by Axis Midcap Direct Plan IDCW?

The term Expense Ratio used for Axis Midcap Direct Plan IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Axis Midcap Direct Plan IDCW is 0.53% as of 04 Oct 2023...

What is the AUM of Axis Midcap Direct Plan IDCW?

The AUM, short for Assets Under Management of Axis Midcap Direct Plan IDCW is ₹22,664.68Cr as of 04 Oct 2023.

How to Redeem Axis Midcap Direct Plan IDCW?

If you want to sell your Axis Midcap Direct Plan IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Midcap Direct Plan IDCW?

You can select either SIP or Lumpsum investment of Axis Midcap Direct Plan IDCW based on your investment objective and risk tolerance.

What is the NAV of Axis Midcap Direct Plan IDCW?

The NAV of Axis Midcap Direct Plan IDCW is ₹44.98 as of 03 Oct 2023.

What is the PE and PB ratio of Axis Midcap Direct Plan IDCW?

The PE ratio ratio of Axis Midcap Direct Plan IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Axis Midcap Direct Plan IDCW - NAV, Mutual Fund Performance & Portfolio

Axis Midcap Direct Plan IDCW
Equity
Mid Cap
Very High Risk
Payout
24.10%
3Y annualised
+0.08% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 03 Oct 2023₹44.98
Min. SIP amount₹100
Rating3
Fund size₹22,664.68Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Mid Cap
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns18.0%24.1%19.9%19.0%
Category average27.3%29.4%18.8%NA
Rank with in category322313NA
Understand terms
Holdings (65)NameSectorInstrumentAssets
Supreme Industries Ltd.
ChemicalsEquity4.5%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity4.4%
The Indian Hotels Company Ltd.
ServicesEquity3.7%
Trent Ltd.
ServicesEquity3.4%
ICICI Bank Ltd.
FinancialEquity3.1%
Astral Ltd.
ChemicalsEquity3.1%
Bajaj Finance Ltd.
FinancialEquity3.0%
Persistent Systems Ltd.
TechnologyEquity2.9%
Sona BLW Precision Forgings Ltd.
AutomobileEquity2.7%
TVS Motor Company Ltd.
AutomobileEquity2.6%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity Mid Cap
Pros
Cons
5Y and 10Y annualised returns higher than category average
Consistently lower annualised returns than category average for the past 1Y and 3Y
Lower expense ratio: 0.53%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
01 Oct 2023 - Present
0.53%
30 Sep 2023 - 01 Oct 2023
0.53%
29 Sep 2023 - 30 Sep 2023
0.53%
28 Sep 2023 - 29 Sep 2023
0.53%
27 Sep 2023 - 28 Sep 2023
0.53%
26 Sep 2023 - 27 Sep 2023
0.53%
25 Sep 2023 - 26 Sep 2023
0.53%
24 Sep 2023 - 25 Sep 2023
0.53%
23 Sep 2023 - 24 Sep 2023
0.53%
22 Sep 2023 - 23 Sep 2023
0.53%
21 Sep 2023 - 22 Sep 2023
0.53%
20 Sep 2023 - 21 Sep 2023
0.53%
19 Sep 2023 - 20 Sep 2023
0.53%
18 Sep 2023 - 19 Sep 2023
0.53%
17 Sep 2023 - 18 Sep 2023
0.53%
16 Sep 2023 - 17 Sep 2023
0.53%
15 Sep 2023 - 16 Sep 2023
0.53%
14 Sep 2023 - 15 Sep 2023
0.53%
13 Sep 2023 - 14 Sep 2023
0.53%
12 Sep 2023 - 13 Sep 2023
0.53%
11 Sep 2023 - 12 Sep 2023
0.53%
10 Sep 2023 - 11 Sep 2023
0.53%
09 Sep 2023 - 10 Sep 2023
0.53%
08 Sep 2023 - 09 Sep 2023
0.53%
07 Sep 2023 - 08 Sep 2023
0.53%
06 Sep 2023 - 07 Sep 2023
0.53%
05 Sep 2023 - 06 Sep 2023
0.53%
04 Sep 2023 - 05 Sep 2023
0.54%
03 Sep 2023 - 04 Sep 2023
0.54%
02 Sep 2023 - 03 Sep 2023
0.54%
01 Sep 2023 - 02 Sep 2023
0.54%
31 Aug 2023 - 01 Sep 2023
0.54%
31 Jul 2023 - 31 Aug 2023
0.54%
30 Jun 2023 - 31 Jul 2023
0.53%
31 May 2023 - 30 Jun 2023
0.55%
30 Apr 2023 - 31 May 2023
0.54%
31 Mar 2023 - 30 Apr 2023
0.57%
28 Feb 2023 - 31 Mar 2023
0.57%
31 Jan 2023 - 28 Feb 2023
0.53%
31 Dec 2022 - 31 Jan 2023
0.53%
30 Nov 2022 - 31 Dec 2022
0.54%
30 Nov 2022 - 30 Nov 2022
0.54%
31 Oct 2022 - 30 Nov 2022
0.54%
31 Oct 2022 - 31 Oct 2022
0.54%
31 Oct 2022 - 31 Oct 2022
0.54%
30 Sep 2022 - 31 Oct 2022
0.54%
30 Sep 2022 - 30 Sep 2022
0.54%
30 Sep 2022 - 30 Sep 2022
0.54%
31 Aug 2022 - 30 Sep 2022
0.54%
31 Aug 2022 - 31 Aug 2022
0.54%
31 Jul 2022 - 31 Aug 2022
0.52%
31 Jul 2022 - 31 Jul 2022
0.52%
30 Jun 2022 - 31 Jul 2022
0.51%
30 Jun 2022 - 30 Jun 2022
0.51%
31 May 2022 - 30 Jun 2022
0.47%
31 May 2022 - 31 May 2022
0.47%
30 Apr 2022 - 31 May 2022
0.46%
30 Apr 2022 - 30 Apr 2022
0.46%
31 Mar 2022 - 30 Apr 2022
0.46%
31 Mar 2022 - 31 Mar 2022
0.46%
28 Feb 2022 - 31 Mar 2022
0.47%
28 Feb 2022 - 28 Feb 2022
0.47%
31 Jan 2022 - 28 Feb 2022
0.46%
31 Dec 2021 - 31 Jan 2022
0.47%
30 Nov 2021 - 31 Dec 2021
0.46%
31 Oct 2021 - 30 Nov 2021
0.46%
30 Sep 2021 - 31 Oct 2021
0.48%
31 Aug 2021 - 30 Sep 2021
0.49%
31 Jul 2021 - 31 Aug 2021
0.50%
30 Jun 2021 - 31 Jul 2021
0.51%
31 May 2021 - 30 Jun 2021
0.52%
30 Apr 2021 - 31 May 2021
0.51%
31 Mar 2021 - 30 Apr 2021
0.50%
28 Feb 2021 - 31 Mar 2021
0.51%
31 Jan 2021 - 28 Feb 2021
0.52%
31 Dec 2020 - 31 Jan 2021
0.54%
30 Nov 2020 - 31 Dec 2020
0.55%
31 Oct 2020 - 30 Nov 2020
0.57%
30 Sep 2020 - 31 Oct 2020
0.58%
31 Aug 2020 - 30 Sep 2020
0.58%
31 Jul 2020 - 31 Aug 2020
0.61%
30 Jun 2020 - 31 Jul 2020
0.55%
31 May 2020 - 30 Jun 2020
0.56%
30 Apr 2020 - 31 May 2020
0.56%
31 Mar 2020 - 30 Apr 2020
0.56%
29 Feb 2020 - 31 Mar 2020
0.56%
31 Jan 2020 - 29 Feb 2020
0.58%
31 Dec 2019 - 31 Jan 2020
0.61%
30 Nov 2019 - 31 Dec 2019
0.61%
31 Oct 2019 - 30 Nov 2019
0.63%
30 Sep 2019 - 31 Oct 2019
0.74%
31 Aug 2019 - 30 Sep 2019
0.84%
31 Jul 2019 - 31 Aug 2019
0.85%
30 Jun 2019 - 31 Jul 2019
0.85%
31 May 2019 - 30 Jun 2019
0.90%
30 Apr 2019 - 31 May 2019
0.93%
31 Mar 2019 - 30 Apr 2019
0.85%
28 Feb 2019 - 31 Mar 2019
0.98%
31 Jan 2019 - 28 Feb 2019
0.99%
31 Dec 2018 - 31 Jan 2019
1.00%
30 Nov 2018 - 31 Dec 2018
1.03%
31 Oct 2018 - 30 Nov 2018
1.04%
30 Sep 2018 - 31 Oct 2018
1.36%
31 Aug 2018 - 30 Sep 2018
1.36%
31 Jul 2018 - 31 Aug 2018
1.38%
30 Jun 2018 - 31 Jul 2018
1.40%
31 May 2018 - 30 Jun 2018
1.36%
30 Apr 2018 - 31 May 2018
1.36%
31 Mar 2018 - 30 Apr 2018
1.37%
28 Feb 2018 - 31 Mar 2018
1.37%
31 Jan 2018 - 28 Feb 2018
1.36%
31 Dec 2017 - 31 Jan 2018
1.37%
30 Nov 2017 - 31 Dec 2017
1.37%
31 Oct 2017 - 30 Nov 2017
2.19%
Expense ratio, exit load and taxExpense ratio: 0.53%Inclusive of GST
Exit loadFor units in excess of 10% of the investment,1% will be charged for redemption within 12 months
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund managementShreyash Devalkar
Nov 2016 - Present
View details
Education
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience
Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Also manages these schemes
Axis Bluechip Fund Growth
Axis Bluechip Fund IDCW
Axis Long Term Equity Fund IDCW
Axis Long Term Equity Fund Growth
Axis Midcap Fund Growth
Axis Midcap Fund IDCW
Axis Focused 25 Fund IDCW
Axis Focused 25 Fund Growth
Axis Bluechip Fund Direct Plan Growth
Axis Bluechip Fund Direct Plan IDCW
Axis Focused 25 Direct Plan IDCW
Axis Focused 25 Direct Plan Growth
Axis Long Term Equity Direct Plan IDCW
Axis Long Term Equity Direct Plan Growth
Axis Midcap Direct Plan IDCW
Axis Midcap Direct Plan Growth
Axis Small Cap Fund Regular Growth
Axis Small Cap Fund Direct IDCW
Axis Small Cap Fund Regular IDCW
Axis Small Cap Fund Direct Growth
Axis Equity Advantage Fund Series 1 Direct Growth
Axis Equity Advantage Fund Series 1 Regular Growth
Axis Equity Advantage Fund Series 2 Regular Growth
Axis Flexi Cap Fund Direct Growth
Axis Flexi Cap Fund Direct IDCW
Axis Flexi Cap Fund Regular Growth
Axis Flexi Cap Fund Regular IDCW
Axis Growth Opportunities Fund Direct IDCW
Axis Growth Opportunities Fund Direct Growth
Axis Growth Opportunities Fund Regular IDCW
Axis Growth Opportunities Fund Regular Growth
Axis ESG Equity Fund Direct Growth
Axis ESG Equity Fund Regular Growth
Axis ESG Equity Fund Regular IDCW
Axis ESG Equity Fund Direct IDCW
Axis NIFTY IT ETF Growth
Axis NIFTY Healthcare ETF Growth
Axis Nifty 50 Index Fund Regular Growth
Axis Nifty 50 Index Fund Regular IDCW
Axis Nifty 50 Index Fund Direct Growth
Axis Nifty 50 Index Fund Direct IDCW
Axis Multicap Fund Regular Growth
Axis Multicap Fund Direct Growth
Axis Multicap Fund Direct IDCW
Axis Nifty Next 50 Index Fund Direct Growth
Axis Nifty Next 50 Index Fund Regular Growth
Axis Equity ETFs FoF Regular Growth
Axis Equity ETFs FoF Regular IDCW
Axis Equity ETFs FoF Direct IDCW
Axis Equity ETFs FoF Direct Growth
Axis Nifty Smallcap 50 Index Fund Direct Growth
Vinayak Jayanath
Jan 2023 - Present
View details
Also manages these schemes
Axis Bluechip Fund Growth
Axis Bluechip Fund IDCW
Axis Midcap Fund Growth
Axis Midcap Fund IDCW
Axis Focused 25 Fund IDCW
Axis Focused 25 Fund Growth
Axis Bluechip Fund Direct Plan Growth
Axis Bluechip Fund Direct Plan IDCW
Axis Focused 25 Direct Plan IDCW
Axis Focused 25 Direct Plan Growth
Axis Midcap Direct Plan IDCW
Axis Midcap Direct Plan Growth
Axis Small Cap Fund Regular Growth
Axis Small Cap Fund Direct IDCW
Axis Small Cap Fund Regular IDCW
Axis Small Cap Fund Direct Growth
Axis Flexi Cap Fund Direct Growth
Axis Flexi Cap Fund Direct IDCW
Axis Flexi Cap Fund Regular Growth
Axis Flexi Cap Fund Regular IDCW
Axis Growth Opportunities Fund Direct IDCW
Axis Growth Opportunities Fund Direct Growth
Axis Growth Opportunities Fund Regular IDCW
Axis Growth Opportunities Fund Regular Growth
Axis Retirement Savings Fund Aggressive Plan Direct IDCW
Axis Retirement Savings Fund Aggressive Plan Regular Growth
Axis Retirement Savings Fund Aggressive Plan Regular IDCW
Axis Retirement Savings Fund Aggressive Plan Direct Growth
Axis Retirement Savings Fund Dynamic Plan Direct Growth
Axis Retirement Savings Fund Dynamic Plan Regular Growth
Axis Retirement Savings Fund Dynamic Plan Regular IDCW
Axis Retirement Savings Fund Conservative Plan Direct Growth
Axis Retirement Savings Fund Conservative Plan Direct IDCW
Axis Retirement Savings Fund Conservative Plan Regular Growth
Axis Retirement Savings Fund Conservative Plan Regular IDCW
Axis ESG Equity Fund Direct Growth
Axis ESG Equity Fund Regular Growth
Axis ESG Equity Fund Regular IDCW
Axis ESG Equity Fund Direct IDCW
Axis Global Equity Alpha FoF Direct Growth
Axis Global Equity Alpha FoF Regular Growth
Axis Global Equity Alpha FoF Direct IDCW
Axis Global Equity Alpha FoF Regular IDCW
Axis Special Situations Fund Regular Growth
Axis Special Situations Fund Direct IDCW
Axis Special Situations Fund Regular IDCW
Axis Special Situations Fund Direct Growth
Axis Greater China Equity FoF Direct Growth
Axis Greater China Equity FoF Direct IDCW
Axis Greater China Equity FoF Regular Growth
Axis Greater China Equity FoF Regular IDCW
Axis Global Innovation FoF Regular Growth
Axis Global Innovation FoF Direct Growth
Axis Global Innovation FoF Direct IDCW
Axis Global Innovation FoF Regular IDCW
Axis Quant Fund Regular Growth
Axis Quant Fund Direct Growth
Axis Quant Fund Direct IDCW
Axis Quant Fund Regular IDCW
Axis Value Fund Regular IDCW
Axis Value Fund Direct Growth
Axis Value Fund Regular Growth
Axis Value Fund Direct IDCW
Nitin Arora
Aug 2023 - Present
View details
Education
Mr. Arora has done M.Sc in Finance and Investments
Experience
Prior to joining Axis Mutual Fund, he has worked with Aviva Life Insurance Company India Ltd., Emkay Global Financial Services Ltd., Nirmal Bang Institutional Equities Ltd. and Bloomberg UTV Ltd..
Also manages these schemes
Axis Midcap Fund Growth
Axis Midcap Fund IDCW
Axis Midcap Direct Plan IDCW
Axis Midcap Direct Plan Growth
Axis Retirement Savings Fund Aggressive Plan Direct IDCW
Axis Retirement Savings Fund Aggressive Plan Regular Growth
Axis Retirement Savings Fund Aggressive Plan Regular IDCW
Axis Retirement Savings Fund Aggressive Plan Direct Growth
Axis Retirement Savings Fund Dynamic Plan Direct Growth
Axis Retirement Savings Fund Dynamic Plan Regular Growth
Axis Retirement Savings Fund Dynamic Plan Regular IDCW
Axis Retirement Savings Fund Conservative Plan Direct Growth
Axis Retirement Savings Fund Conservative Plan Direct IDCW
Axis Retirement Savings Fund Conservative Plan Regular Growth
Axis Retirement Savings Fund Conservative Plan Regular IDCW
Axis Value Fund Regular IDCW
Axis Value Fund Direct Growth
Axis Value Fund Regular Growth
Axis Value Fund Direct IDCW
Axis Multicap Fund Regular Growth
Axis Multicap Fund Direct Growth
Axis Multicap Fund Direct IDCW
Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,59,965.97Cr
Date of Incorporation04 Sep 2009
 Axis Midcap Direct Plan IDCW is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Shreyash Devalkar is the Current Fund Manager of Axis Midcap Direct Plan IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹2,59,966 Cr and the Latest NAV as of 03 Oct 2023 is ₹44.98.
The Axis Midcap Direct Plan IDCW is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
;
Investment ObjectiveThe scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
;
Fund benchmarkS&P BSE 150 MidCap Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Website
www.axismf.com
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Axis Midcap Direct Plan IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	18.0%	24.1%	19.9%	19.0%
Category average	27.3%	29.4%	18.8%	NA
Rank with in category	32	23	13	NA

Name	Sector	Instrument	Assets
Supreme Industries Ltd.	Chemicals	Equity	4.5%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	4.4%
The Indian Hotels Company Ltd.	Services	Equity	3.7%
Trent Ltd.	Services	Equity	3.4%
ICICI Bank Ltd.	Financial	Equity	3.1%
Astral Ltd.	Chemicals	Equity	3.1%
Bajaj Finance Ltd.	Financial	Equity	3.0%
Persistent Systems Ltd.	Technology	Equity	2.9%
Sona BLW Precision Forgings Ltd.	Automobile	Equity	2.7%
TVS Motor Company Ltd.	Automobile	Equity	2.6%

Rank (total assets)	#7 in India
Total AUM	₹2,59,965.97Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	S&P BSE 150 MidCap Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹100
Min. for 2nd investment onwards	₹100

Rating	3
Fund size	₹22,664.68Cr

Axis Midcap Direct Plan IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (65)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.53%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Shreyash DevalkarNov 2016 - PresentView details

Vinayak JayanathJan 2023 - PresentView details

Nitin AroraAug 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Shreyash Devalkar
Nov 2016 - Present
View details

Vinayak Jayanath
Jan 2023 - Present
View details

Nitin Arora
Aug 2023 - Present
View details