|Min SIP Amount||₹500|
|NAV||₹60.24 (16 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹10,432 Cr|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Equity||5.8%|
|Voltas Ltd.||Cons Durable||Equity||4.0%|
|PI Industries Ltd.||Chemicals||Equity||3.4%|
|Bajaj Finance Ltd.||Financial||Equity||3.2%|
|HDFC Bank Ltd.||Financial||Equity||3.1%|
|Avenue Supermarts Ltd.||Services||Equity||2.9%|
|Supreme Industries Ltd.||Chemicals||Equity||2.8%|
|ICICI Bank Ltd.||Financial||Equity||2.8%|
|JK Cement Ltd||Construction||Equity||2.7%|
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 ₹10,432 Cr and the Latest NAV as of 16 Apr 2021 is ₹60.24.
The Axis Midcap Direct Plan Growth is rated Very 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.