|Min SIP Amount||₹500|
|NAV||₹47.00 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹6,732 Cr|
|Ipca Laboratories Ltd.||Healthcare||Equity||5.3%|
|PI Industries Ltd.||Chemicals||Equity||4.6%|
|Voltas Ltd.||Cons Durable||Equity||3.6%|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Equity||3.5%|
|Endurance Technologies Ltd.||Automobile||Equity||3.2%|
|Tata Consumer Products Ltd.||FMCG||Equity||3.2%|
|Avenue Supermarts Ltd.||Services||Equity||3.0%|
|Astral Poly Technik Ltd.||Chemicals||Equity||3.0%|
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 ₹6,732 Cr and the Latest NAV as of 23 Oct 2020 is ₹47.00.
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.