|Min SIP Amount||₹500|
|NAV||₹56.57 (21 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹8,515 Cr|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Equity||4.9%|
|PI Industries Ltd.||Chemicals||Equity||4.4%|
|Voltas Ltd.||Cons Durable||Equity||4.0%|
|Ipca Laboratories Ltd.||Healthcare||Equity||3.8%|
|HDFC Bank Ltd.||Financial||Equity||3.5%|
|Bajaj Finance Ltd.||Financial||Equity||3.4%|
|City Union Bank Ltd.||Financial||Equity||3.2%|
|Astral Poly Technik Ltd.||Chemicals||Equity||3.1%|
|Tata Consumer Products Ltd.||FMCG||Equity||2.9%|
Axis Midcap Direct Plan Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Shreyash Devalkar is the Current Fund Manager of Axis Midcap Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹8,515 Cr and the Latest NAV as of 21 Jan 2021 is ₹56.57.
The Axis Midcap Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
Returns 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.