This equity mid-cap fund gave 20% returns in 3 years: Should you invest? The funds portfolio size has expanded from 35-40 stocks 3-4 years ago to over 100 now. This is partly for better risk mitigation and also due to wider participation from mid-sized businesses in the earnings uptick
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} AXIS MIDCAP
BASIC FACTS
DATE OF LAUNCH
18 FEBRUARY 2011
CATEGORY
EQUITY
TYPE
MID-CAP
AUM*
Rs.30,143.58 crore
BENCHMARK
BSE 150 MIDCAP TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.105.75
IDCW
Rs.42.97
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNTRs.100
EXPENSE RATIO# (%)1.57
EXIT LOAD
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days.
*AS ON 30 JUN 2024
**AS ON 6 AUG 2024
#AS ON 30 JUN 2024
FUND MANAGER
SHREYASH DEVALKAR
7 YEARS, 8 MONTHS
Recent portfolio changes
New entrants
Aadhar Housing Finance, Go Digit General Insurance, Petronet LNG, REC, Suzlon Energy, Zydus Lifesciences (May). Aarti Industries, Colgate-Palmolive (India), Container Corporation of India, Godrej Properties, Indus Towers, Tech Mahindra, United Breweries, V-Guard Industries (June).
Complete exits
Bata India, Tata Chemicals (June).
Should You Buy?
This mid-cap fund is known to retain a heavy presence in large-cap names as part of its emphasis on quality businesses. The fund prefers companies that either have a leadership position within emerging arenas or are challengers in established businesses. The fund’s portfolio size has expanded from 35-40 stocks 3-4 years ago to over 100 now. This is partly for better risk mitigation and also due to wider participation from mid-sized businesses in the earnings uptick. The fund has endured a sharp deterioration in performance in recent years amid the market shift towards value segment. It is likely to get back on its feet when the market rotation starts favouring growth and quality.
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This story originally appeared on: India Times - Author:Faqs of Insurances
