{"id":221978,"date":"2026-08-28T11:23:48","date_gmt":"2026-08-28T05:53:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=221978"},"modified":"2026-08-28T11:23:49","modified_gmt":"2026-08-28T05:53:49","slug":"axis-midcap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/","title":{"rendered":"Axis Midcap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/axis-midcap-fund-g-direct-plan\">Axis Midcap Fund Direct Growth Plan<\/a> has a NAV of \u20b9145.25 as of 27 August 2026 and a scheme AUM of \u20b934,403 Cr. Its 1-year, 3-year and 5-year returns are 10.18%, 18.16% and 14.85%, and the fund sits in the High Risk category.<\/p>\n<p>Our view is that this is a mid-cap-heavy equity fund that has compounded reasonably well over longer periods, but its recent return profile is more moderate than some active mid-cap peers. The portfolio tilt toward mid-caps and banking and retailing means it can suit investors who can accept sharper swings in return for growth potential.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Axis_Midcap\" title=\"Should you BUY or HOLD Axis Midcap?\">Should you BUY or HOLD Axis Midcap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Axis_Midcap_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Axis Midcap Fund Direct Growth Plan?\">What is the current NAV of Axis Midcap Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#What_are_the_1-year_3-year_and_5-year_returns\" title=\"What are the 1-year, 3-year and 5-year returns?\">What are the 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_its_benchmark\" title=\"How does the fund compare with its benchmark?\">How does the fund compare with its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_mid-cap_funds_on_available_return_data\" title=\"How does it compare with peer mid-cap funds on available return data?\">How does it compare with peer mid-cap funds on available return data?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_its_risk_profile\" title=\"Who manages the fund and what is its risk profile?\">Who manages the fund and what is its risk profile?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/axis-midcap-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b9145.25<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b934,403 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.55%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty Mid Cap<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil for 10% of investments and 1% for remaining investments on or before 12M; nil after 12M<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Shreyash Devalkar, Nitin Arora, Krishnaa N<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Shreyash Devalkar, Nitin Arora and Krishnaa N.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>3.18%<\/td>\n<td>2.52%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>6.59%<\/td>\n<td>4.15%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>10.18%<\/td>\n<td>10.41%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>18.16%<\/td>\n<td>15.29%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>14.85%<\/td>\n<td>16.99%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The near-term return pattern is better than the benchmark over 1 month and 3 months, which tells us the fund has held up well in the latest stretch. Over 1 year, it is close to the benchmark but slightly behind, so the recent picture is steady rather than strikingly ahead.<\/p>\n<p>The longer record is more supportive. The 3-year return is comfortably above the benchmark, which suggests the fund has added value through a full market cycle rather than only in a brief run-up.<\/p>\n<p>The 5-year number is lower than the benchmark, so the longer compounding path has not consistently beaten the index. That gap matters because mid-cap funds can move sharply across market phases, and this one has shown that pattern.<\/p>\n<p>Read alongside the monthly and quarterly movement in the fund\u2019s return path, our view is that the scheme has had recovery phases, but it has not delivered in a straight line. For investors, that means the fund looks capable of participating in rallies, yet the consistency of outperformance has varied across holding periods.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Axis_Midcap\"><\/span>Should you BUY or HOLD Axis Midcap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Axis Midcap? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-midcap-fund-g-direct-plan\">Axis Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>10.18%<\/td>\n<td>18.16%<\/td>\n<td>14.85%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-midcap-fund-g-direct-plan\">HSBC Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>24.87%<\/td>\n<td>26.42%<\/td>\n<td>20.53%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/woc-mid-cap-fund-g-direct-plan\">WOC Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>18.38%<\/td>\n<td>24.13%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/helios-mid-cap-fund-g-direct-plan\">Helios Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>17.40%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-mid-cap-fund-g-direct-plan\">ITI Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>16.76%<\/td>\n<td>23.07%<\/td>\n<td>18.24%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-mid-cap-fund-g-direct-plan\">Mahindra Manulife Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>16.34%<\/td>\n<td>21.37%<\/td>\n<td>20.14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the latest 1-year figures, the fund trails several peers that have posted much stronger gains. That suggests its short-term momentum has been softer than the stronger names in the peer set.<\/p>\n<p>The 3-year result is better placed versus the peers with available data, although some peers still sit ahead on that measure. The 5-year result is more mixed because one peer with a longer history has done better, while some peers have missing long-term data and cannot be compared on that horizon.<\/p>\n<p>The short-term and longer-term readings therefore do not tell exactly the same story. Recent numbers look subdued relative to the strongest peers, but the 3-year record is more competitive, which points to a fund that has been capable of solid medium-term compounding even if the latest year has not been standout.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Market-cap bucket<\/th>\n<th>Allocation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Large cap<\/td>\n<td>17.17%<\/td>\n<\/tr>\n<tr>\n<td>Mid cap<\/td>\n<td>67.35%<\/td>\n<\/tr>\n<tr>\n<td>Small cap<\/td>\n<td>4.61%<\/td>\n<\/tr>\n<tr>\n<td>Other<\/td>\n<td>10.88%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<th>Key holdings<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>BANK<\/td>\n<td>22.43%<\/td>\n<td>CITY UNION BANK LIMITED (16.99%), THE FEDERAL BANK LIMITED (2.08%)<\/td>\n<\/tr>\n<tr>\n<td>RETAILING<\/td>\n<td>15.46%<\/td>\n<td>TRENT LIMITED (13.97%), ETERNAL LIMITED (0.64%)<\/td>\n<\/tr>\n<tr>\n<td>AUTOMOBILE &amp; ANCILLARIES<\/td>\n<td>12.66%<\/td>\n<td>WABCO INDIA LIMITED (4.11%), ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED (1.37%)<\/td>\n<\/tr>\n<tr>\n<td>FINANCE<\/td>\n<td>11.04%<\/td>\n<td>MULTI COMMODITY EXCHANGE OF INDIA LIMITED (5.63%), HDFC ASSET MANAGEMENT COMPANY LIMITED (1.04%)<\/td>\n<\/tr>\n<tr>\n<td>HEALTHCARE<\/td>\n<td>5.39%<\/td>\n<td>FORTIS HEALTHCARE LIMITED (2.03%), IPCA LABORATORIES LIMITED (0.85%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The portfolio is clearly mid-cap led, with 67.35% in mid-caps and 17.17% in large caps. That mix suggests the fund is built for growth-oriented investors who can tolerate volatility, while still retaining a meaningful large-cap buffer.<\/p>\n<p>Banking is the largest sector at 22.43%, and it is materially above retailing at 15.46% and automobile &amp; ancillarys at 12.66%. That means sector outcomes in banking may have a greater influence on how the portfolio behaves than any single smaller sector.<\/p>\n<p>Within sectors, CITY UNION BANK LIMITED and TRENT LIMITED stand out by weight, while the rest of the holdings are much smaller. Our view is that the sector shape is moderately concentrated, but not extreme, and the mid-cap core remains the main driver of the fund\u2019s style.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund suits investors who are comfortable with High Risk equity exposure and can stay invested for a longer horizon. The 3-year result is stronger than the 1-year result, while the 5-year return is softer than the benchmark, so the fund\u2019s path has not been uniformly smooth.<\/p>\n<p>The main trade-off is between mid-cap growth potential and higher interim volatility. The 67.35% mid-cap allocation suggests stronger upside participation in favourable phases, but it also means the portfolio can move more sharply than a diversified large-cap fund. Investors who want stability first may find that uncomfortable.<\/p>\n<p>As a result, the fund is better suited to patient investors who can tolerate uneven periods and judge it over full market cycles rather than short stretches.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: Nil for 10% of investments and 1% for the remaining investments if units are sold on or before 12 months; nil after 12 months.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Axis_Midcap_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Axis Midcap Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b9145.25 as of 27 August 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_1-year_3-year_and_5-year_returns\"><\/span>What are the 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s 1-year, 3-year and 5-year returns are 10.18%, 18.16% and 14.85%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_its_benchmark\"><\/span>How does the fund compare with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is slightly behind the benchmark over 1 year, ahead over 3 years and behind over 5 years.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_mid-cap_funds_on_available_return_data\"><\/span>How does it compare with peer mid-cap funds on available return data?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is lower than the stronger peer numbers, while its 3-year return is more competitive. The 5-year comparison is mixed because some peers do not have a usable long-term figure.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9100.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_its_risk_profile\"><\/span>Who manages the fund and what is its risk profile?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Shreyash Devalkar, Nitin Arora and Krishnaa N, and it is classified as High Risk. Its portfolio is heavily tilted toward mid-caps, with banking as the largest sector.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Axis Midcap Fund Direct Growth Plan has shown a mixed but usable return pattern: the recent 1-year number is modest, the 3-year record is stronger, and the 5-year result is less impressive than the benchmark. Against peers, the latest year looks softer, while the medium-term record is more competitive. The portfolio is dominated by mid-caps, and banking is the largest sector, so the fund\u2019s behaviour is likely to reflect that growth-oriented but uneven profile. It suits investors who can accept High Risk and hold through cycles.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 28 August 2026 at 10:32 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Axis Midcap Fund Direct Growth Plan\",\"identifier\":\"axis-midcap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":145.25,\"valueReference\":\"as of 27 Aug 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"34403 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.55\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty Mid Cap\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":10.1788},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":18.1556},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":14.8469},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Shreyash Devalkar, Nitin Arora, Krishnaa N\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Axis Midcap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b9145.25 as of 27 August 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year, 3-year and 5-year returns are 10.18%, 18.16% and 14.85%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is slightly behind the benchmark over 1 year, ahead over 3 years and behind over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer mid-cap funds on available return data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is lower than the stronger peer numbers, while its 3-year return is more competitive. The 5-year comparison is mixed because some peers do not have a usable long-term figure.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is its risk profile?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Shreyash Devalkar, Nitin Arora and Krishnaa N, and it is classified as High Risk. Its portfolio is heavily tilted toward mid-caps, with banking as the largest sector.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\"},\"description\":\"Uniapps Investment Adviser Pvt. Ltd. \u2014 SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Axis Midcap Fund Direct Growth Plan has a NAV of \u20b9145.25 as of 27 August 2026, AUM of \u20b934,403 Cr and 1Y\/3Y\/5Y returns of 10.18%\/18.16%\/14.85%.<\/p>\n","protected":false},"author":29,"featured_media":221977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-221978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["221977"],"rank_math_title":["Axis Midcap Fund Direct Growth Review 2026"],"rank_math_description":["Axis Midcap Fund Direct Growth Plan NAV \u20b9145.25; 1Y return 10.18%. 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