| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.02% |
| NAV | ₹41.16 (25 Sep 2020) |
|---|---|
| Fund Started | 18 Feb 2011 |
| Fund Size | ₹6,307 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Ipca Laboratories Ltd. | Healthcare | Equity | 5.0% |
| PI Industries Ltd. | Chemicals | Equity | 4.5% |
| Avenue Supermarts Ltd. | Services | Equity | 3.7% |
| Tata Consumer Products Ltd. | FMCG | Equity | 3.6% |
| Voltas Ltd. | Cons Durable | Equity | 3.6% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 3.4% |
| Endurance Technologies Ltd. | Automobile | Equity | 3.2% |
| Trent Ltd. | Services | Equity | 3.1% |
| Astral Poly Technik Ltd. | Chemicals | Equity | 3.0% |
| Mphasis Ltd. | Technology | Equity | 2.8% |
Axis Midcap Fund Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 18 Feb 2011. Shreyash Devalkar is the Current Fund Manager of Axis Midcap Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹6,307 Cr and the Latest NAV as of 25 Sep 2020 is ₹41.16.
The Axis Midcap Fund 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.