How to Invest in Axis Nifty Midcap 50 Index Fund Direct Growth?

You can easily invest in Axis Nifty Midcap 50 Index Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Axis Nifty Midcap 50 Index Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Axis Nifty Midcap 50 Index Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Nifty Midcap 50 Index Fund Direct Growth provide?

The Axis Nifty Midcap 50 Index Fund Direct Growth has been there from 28 Mar 2022 and the average annual returns provided by this fund is 38.09% since its inception.

How much expense ratio is charged by Axis Nifty Midcap 50 Index Fund Direct Growth?

The term Expense Ratio used for Axis Nifty Midcap 50 Index Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Axis Nifty Midcap 50 Index Fund Direct Growth is 0.23% as of 04 Dec 2023...

What is the AUM of Axis Nifty Midcap 50 Index Fund Direct Growth?

The AUM, short for Assets Under Management of Axis Nifty Midcap 50 Index Fund Direct Growth is ₹136.75Cr as of 04 Dec 2023.

How to Redeem Axis Nifty Midcap 50 Index Fund Direct Growth?

If you want to sell your Axis Nifty Midcap 50 Index Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Nifty Midcap 50 Index Fund Direct Growth?

You can select either SIP or Lumpsum investment of Axis Nifty Midcap 50 Index Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Axis Nifty Midcap 50 Index Fund Direct Growth?

The NAV of Axis Nifty Midcap 50 Index Fund Direct Growth is ₹14.95 as of 01 Dec 2023.

What is the PE and PB ratio of Axis Nifty Midcap 50 Index Fund Direct Growth?

The PE ratio ratio of Axis Nifty Midcap 50 Index Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Axis Nifty Midcap 50 Index Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

<img alt="Axis Nifty Midcap 50 Index Fund Direct   Growth" srcSet="https://assets-netstorage.groww.in/mf-assets/logos/axis_groww.png 1x, https://assets-netstorage.groww.in/mf-assets/logos/axis_groww.png 2x" src="png/axis_groww.png" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="companyLogo_companyImage__bT0On absolute-center mfh239Logo" loading="lazy"/>
Axis Nifty Midcap 50 Index Fund Direct Growth
Other
Index
Very High Risk
1M
6M
1Y
All
 NAV: 01 Dec 2023₹14.95
Min. SIP amount₹100
RatingNA
Fund size₹136.75Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Other Index
Absolute returns
3M6M1YAll
Fund returns7.3%28.9%37.9%44.9%
Category averageNANA29.2%NA
Rank with in category1272NA
Understand terms
Holdings (50)NameSectorInstrumentAssets
Power Finance Corporation Ltd.
FinancialEquity3.7%
REC Ltd.
FinancialEquity3.6%
The Indian Hotels Company Ltd.
ServicesEquity3.5%
The Federal Bank Ltd.
FinancialEquity3.4%
AU Small Finance Bank Ltd.
FinancialEquity3.3%
Persistent Systems Ltd.
TechnologyEquity3.2%
Coforge Ltd.
TechnologyEquity3.1%
HDFC Asset Management Company Ltd.
FinancialEquity2.8%
Lupin Ltd.
HealthcareEquity2.8%
IDFC First Bank Ltd.
FinancialEquity2.7%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
23 Nov 2023 - Present
0.23%
22 Nov 2023 - 23 Nov 2023
0.23%
21 Nov 2023 - 22 Nov 2023
0.23%
20 Nov 2023 - 21 Nov 2023
0.23%
19 Nov 2023 - 20 Nov 2023
0.23%
18 Nov 2023 - 19 Nov 2023
0.23%
17 Nov 2023 - 18 Nov 2023
0.23%
16 Nov 2023 - 17 Nov 2023
0.23%
15 Nov 2023 - 16 Nov 2023
0.23%
14 Nov 2023 - 15 Nov 2023
0.23%
13 Nov 2023 - 14 Nov 2023
0.23%
12 Nov 2023 - 13 Nov 2023
0.23%
11 Nov 2023 - 12 Nov 2023
0.23%
10 Nov 2023 - 11 Nov 2023
0.23%
09 Nov 2023 - 10 Nov 2023
0.23%
08 Nov 2023 - 09 Nov 2023
0.23%
07 Nov 2023 - 08 Nov 2023
0.23%
06 Nov 2023 - 07 Nov 2023
0.23%
05 Nov 2023 - 06 Nov 2023
0.23%
04 Nov 2023 - 05 Nov 2023
0.23%
03 Nov 2023 - 04 Nov 2023
0.23%
02 Nov 2023 - 03 Nov 2023
0.23%
01 Nov 2023 - 02 Nov 2023
0.23%
31 Oct 2023 - 01 Nov 2023
0.23%
30 Oct 2023 - 31 Oct 2023
0.23%
29 Oct 2023 - 30 Oct 2023
0.23%
28 Oct 2023 - 29 Oct 2023
0.23%
27 Oct 2023 - 28 Oct 2023
0.23%
26 Oct 2023 - 27 Oct 2023
0.23%
25 Oct 2023 - 26 Oct 2023
0.23%
24 Oct 2023 - 25 Oct 2023
0.23%
23 Oct 2023 - 24 Oct 2023
0.23%
22 Oct 2023 - 23 Oct 2023
0.23%
21 Oct 2023 - 22 Oct 2023
0.23%
20 Oct 2023 - 21 Oct 2023
0.23%
19 Oct 2023 - 20 Oct 2023
0.23%
18 Oct 2023 - 19 Oct 2023
0.23%
17 Oct 2023 - 18 Oct 2023
0.23%
16 Oct 2023 - 17 Oct 2023
0.23%
15 Oct 2023 - 16 Oct 2023
0.23%
14 Oct 2023 - 15 Oct 2023
0.23%
13 Oct 2023 - 14 Oct 2023
0.23%
12 Oct 2023 - 13 Oct 2023
0.23%
11 Oct 2023 - 12 Oct 2023
0.23%
10 Oct 2023 - 11 Oct 2023
0.23%
09 Oct 2023 - 10 Oct 2023
0.23%
08 Oct 2023 - 09 Oct 2023
0.23%
07 Oct 2023 - 08 Oct 2023
0.23%
06 Oct 2023 - 07 Oct 2023
0.23%
05 Oct 2023 - 06 Oct 2023
0.23%
04 Oct 2023 - 05 Oct 2023
0.23%
03 Oct 2023 - 04 Oct 2023
0.23%
02 Oct 2023 - 03 Oct 2023
0.23%
01 Oct 2023 - 02 Oct 2023
0.23%
30 Sep 2023 - 01 Oct 2023
0.23%
29 Sep 2023 - 30 Sep 2023
0.23%
28 Sep 2023 - 29 Sep 2023
0.23%
27 Sep 2023 - 28 Sep 2023
0.23%
26 Sep 2023 - 27 Sep 2023
0.23%
25 Sep 2023 - 26 Sep 2023
0.23%
24 Sep 2023 - 25 Sep 2023
0.23%
23 Sep 2023 - 24 Sep 2023
0.23%
22 Sep 2023 - 23 Sep 2023
0.23%
21 Sep 2023 - 22 Sep 2023
0.23%
20 Sep 2023 - 21 Sep 2023
0.23%
19 Sep 2023 - 20 Sep 2023
0.23%
18 Sep 2023 - 19 Sep 2023
0.23%
17 Sep 2023 - 18 Sep 2023
0.23%
16 Sep 2023 - 17 Sep 2023
0.23%
15 Sep 2023 - 16 Sep 2023
0.23%
14 Sep 2023 - 15 Sep 2023
0.23%
13 Sep 2023 - 14 Sep 2023
0.23%
12 Sep 2023 - 13 Sep 2023
0.23%
11 Sep 2023 - 12 Sep 2023
0.23%
10 Sep 2023 - 11 Sep 2023
0.23%
09 Sep 2023 - 10 Sep 2023
0.23%
08 Sep 2023 - 09 Sep 2023
0.23%
07 Sep 2023 - 08 Sep 2023
0.23%
06 Sep 2023 - 07 Sep 2023
0.23%
05 Sep 2023 - 06 Sep 2023
0.23%
04 Sep 2023 - 05 Sep 2023
0.23%
03 Sep 2023 - 04 Sep 2023
0.23%
02 Sep 2023 - 03 Sep 2023
0.23%
01 Sep 2023 - 02 Sep 2023
0.23%
31 Aug 2023 - 01 Sep 2023
0.23%
31 Jul 2023 - 31 Aug 2023
0.23%
30 Jun 2023 - 31 Jul 2023
0.23%
31 May 2023 - 30 Jun 2023
0.23%
30 Apr 2023 - 31 May 2023
0.23%
31 Mar 2023 - 30 Apr 2023
0.23%
28 Feb 2023 - 31 Mar 2023
0.23%
31 Jan 2023 - 28 Feb 2023
0.23%
31 Dec 2022 - 31 Jan 2023
0.23%
30 Nov 2022 - 31 Dec 2022
0.23%
30 Nov 2022 - 30 Nov 2022
0.23%
31 Oct 2022 - 30 Nov 2022
0.23%
31 Oct 2022 - 31 Oct 2022
0.23%
31 Oct 2022 - 31 Oct 2022
0.23%
30 Sep 2022 - 31 Oct 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
31 Aug 2022 - 30 Sep 2022
0.23%
31 Aug 2022 - 31 Aug 2022
0.23%
31 Jul 2022 - 31 Aug 2022
0.25%
31 Jul 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 30 Jun 2022
0.25%
31 May 2022 - 30 Jun 2022
0.25%
31 May 2022 - 31 May 2022
0.25%
30 Apr 2022 - 31 May 2022
0.25%
30 Apr 2022 - 30 Apr 2022
0.25%
31 Mar 2022 - 30 Apr 2022
0.25%
31 Mar 2022 - 31 Mar 2022
0.25%
Expense ratio, exit load and taxExpense ratio: 0.23%Inclusive of GST
Exit loadExit load of 0.25% if redeemed within 7 days.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund managementShreyash Devalkar
Aug 2023 - Present
View details
Education
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience
Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Also manages these schemes
Axis Bluechip Fund Direct Plan Growth
Axis Focused 25 Direct Plan Growth
Axis Long Term Equity Direct Plan Growth
Axis Midcap Direct Plan Growth
Axis Small Cap Fund Direct Growth
Axis Equity Advantage Fund Series 1 Direct Growth
Axis Flexi Cap Fund Direct Growth
Axis Growth Opportunities Fund Direct Growth
Axis ESG Equity Fund Direct Growth
Axis Nifty 50 Index Fund Direct Growth
Axis Multicap Fund Direct Growth
Axis Nifty Next 50 Index Fund Direct Growth
Axis Equity ETFs FoF Direct Growth
Axis Nifty Smallcap 50 Index Fund Direct Growth
Axis Nifty Midcap 50 Index Fund Direct Growth
Karthik Kumar
Aug 2023 - Present
View details
Education
Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience
Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Also manages these schemes
Axis Arbitrage Fund Direct Growth
Axis Nifty 100 Index Fund Direct Growth
Axis Quant Fund Direct Growth
Axis Nifty 50 Index Fund Direct Growth
Axis Nifty Next 50 Index Fund Direct Growth
Axis Equity ETFs FoF Direct Growth
Axis Nifty Smallcap 50 Index Fund Direct Growth
Axis Nifty Midcap 50 Index Fund Direct Growth
Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,53,477.47Cr
Date of Incorporation04 Sep 2009
 Axis Nifty Midcap 50 Index Fund Direct Growth is a Other Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Jinesh Gopani is the Current Fund Manager of Axis Nifty Midcap 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,53,477 Cr and the Latest NAV as of 01 Dec 2023 is ₹14.95.
The Axis Nifty Midcap 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 0.25% if redeemed within 7 days.
;
Investment ObjectiveThe scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors.
;
Fund benchmarkNIFTY Midcap 50 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Website
www.axismf.com
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Axis Nifty Midcap 50 Index Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	7.3%	28.9%	37.9%	44.9%
Category average	NA	NA	29.2%	NA
Rank with in category	12	7	2	NA

Name	Sector	Instrument	Assets
Power Finance Corporation Ltd.	Financial	Equity	3.7%
REC Ltd.	Financial	Equity	3.6%
The Indian Hotels Company Ltd.	Services	Equity	3.5%
The Federal Bank Ltd.	Financial	Equity	3.4%
AU Small Finance Bank Ltd.	Financial	Equity	3.3%
Persistent Systems Ltd.	Technology	Equity	3.2%
Coforge Ltd.	Technology	Equity	3.1%
HDFC Asset Management Company Ltd.	Financial	Equity	2.8%
Lupin Ltd.	Healthcare	Equity	2.8%
IDFC First Bank Ltd.	Financial	Equity	2.7%

Rank (total assets)	#7 in India
Total AUM	₹2,53,477.47Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	NIFTY Midcap 50 Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsIPOMutual FundsCreditBill Payments
GROWW
About UsPricingBlogMedia & PressCareersHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemap
ⓒ 2016-2023 Groww. All rights reserved, Built with ♥in India

Min. for 1st investment	₹100
Min. for 2nd investment onwards	₹100

Rating	NA
Fund size	₹136.75Cr

Axis Nifty Midcap 50 Index Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (50)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.23%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Shreyash DevalkarAug 2023 - PresentView details

Karthik KumarAug 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Shreyash Devalkar
Aug 2023 - Present
View details

Karthik Kumar
Aug 2023 - Present
View details