Axis Medium Term Fund
Medium DurationModerately HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹30.30+0.14%1 day
- Return since launch
- 7.8%
- 52-week range
- ₹28.73 — ₹30.26
- AUM
- ₹1,939 Cr
Axis Medium Term Fund is a Medium Duration debt fund from Axis Mutual Fund with ₹1,939 Cr under management, launched in 2012. Over three years it has returned 6.8% a year, against 7.1% for its category. The expense ratio is 1.32% and the SEBI riskometer reading is Moderately High.
Performance
Axis Medium Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.3% against +4.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.4% | +0.9 pts | 4.6% | 5.1% |
| 2Y | 6.1% | +0.7 pts | 5.4% | 5.6% |
| 3Y | 6.8% | −0.3 pts | 7.1% | 6.2% |
| 5Y | 7.1% | +0.9 pts | 6.2% | 6.4% |
| 7Y | 6.9% | +0.3 pts | 6.6% | 6.2% |
| 10Y | 7.0% | +0.9 pts | 6.1% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.8% | +0.1 pts | 0.7% | 0.8% |
| 3M | 0.5% | +0.4 pts | 0.1% | 0.6% |
| 6M | 3.2% | +0.4 pts | 2.8% | 3.2% |
| 1Y | 5.3% | +0.8 pts | 4.6% | 4.8% |
| 2Y | 7.0% | +0.6 pts | 6.4% | 6.3% |
| 3Y | 7.7% | +0.6 pts | 7.1% | 7.0% |
| 5Y | 6.6% | +0.4 pts | 6.2% | 5.9% |
| 7Y | 7.1% | +1.0 pts | 6.1% | 6.2% |
| 10Y | 7.0% | +0.9 pts | 6.1% | 6.3% |
Since launch (9 Mar 2012): 7.8%
Calendar-year returns
Category average10.5%
5.2%
3.8%
7.3%
8.6%
8.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.2% | −0.2 pts | 8.5% |
| 2024 | 8.6% | −0.1 pts | 8.7% |
| 2023 | 7.3% | −0.2 pts | 7.4% |
| 2022 | 3.8% | −1.0 pts | 4.8% |
| 2021 | 5.2% | −1.0 pts | 6.2% |
| 2020 | 10.5% | +3.4 pts | 7.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.32%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.12%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit load of 1%, if redeemed within 15 Days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Medium Duration Debt Index A-III
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.03 | 1.04 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.57 | 1.71 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.62 | 1.77 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Medium Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt94.6%
- Other5.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Aadhar Housing Finance Ltd | Financial | 5.09% | ₹100 Cr | +4.75% | +4.83% | +5.56% |
| Jubilant Beverages Ltd. | Consumer Staples | 3.69% | ₹72.80 Cr | +3.40% | +3.37% | +3.56% |
| GMR Hyderabad International Airport Ltd. | Services | 3.29% | ₹64.86 Cr | +3.17% | +3.18% | +3.43% |
| Aditya Birla Digital Fashion Ventures Ltd. | Services | 3.28% | ₹64.66 Cr | +5.17% | +5.25% | +5.80% |
| Tamilnadu State | Others | 3.14% | ₹61.89 Cr | +2.97% | +1.18% | — |
| Jubilant Bevco Ltd. | Consumer Staples | 3.14% | ₹61.86 Cr | +2.88% | +2.86% | +1.65% |
| Adani Power Ltd. | Energy | 3.03% | ₹59.75 Cr | +2.83% | +2.86% | — |
| Delhi International Airport Ltd. | Services | 2.84% | ₹56.04 Cr | +2.69% | +2.68% | +3.47% |
| Hiranandani Financial Services Pvt. Ltd. | Financial | 2.61% | ₹51.48 Cr | +2.44% | +2.47% | — |
| IKF Finance Ltd. | Financial | 2.53% | ₹49.94 Cr | +3.54% | +4.30% | +4.69% |
| Adani Airport Holdings Ltd. | Services | 2.51% | ₹49.49 Cr | — | — | — |
| JSW Kalinga Steel Ltd. | Metals & Mining | 2.37% | ₹46.81 Cr | +2.18% | +2.17% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.28% | ₹45.01 Cr | — | — | — |
| Vedanta Ltd. | Metals & Mining | 2.19% | ₹43.12 Cr | +2.84% | +2.89% | +3.16% |
| Lodha Developers Ltd. | Construction | 2.13% | ₹42.03 Cr | +1.99% | +2.01% | — |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | Services | 2.03% | ₹40.13 Cr | +1.90% | +1.93% | +2.13% |
| Navi Finserv Private Ltd. | Financial | 2.03% | ₹39.98 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 2.02% | ₹39.81 Cr | +1.89% | +1.91% | — |
| Kogta Financial India Ltd. | Financial | 2.01% | ₹39.66 Cr | +1.88% | +1.89% | — |
| GMR Airports Ltd. | Construction | 1.79% | ₹35.38 Cr | +0.75% | +0.99% | +1.06% |
| Indostar Capital Finance Ltd. | Financial | 1.78% | ₹35.04 Cr | +1.66% | +0.96% | +1.06% |
| Aditya Birla Renewables Ltd. | Energy | 1.77% | ₹35.00 Cr | +1.66% | +1.68% | +1.86% |
| Aptus Finance India Pvt. Ltd. | Financial | 1.59% | ₹31.28 Cr | +1.62% | +1.80% | +2.29% |
| JTPM Metal Traders Ltd. | Metals & Mining | 1.37% | ₹26.98 Cr | +1.77% | +1.74% | +1.84% |
| Others | Others | 1.32% | ₹26.04 Cr | +0.57% | +0.57% | +0.59% |
| Tata Projects Ltd. | Construction | 1.26% | ₹24.88 Cr | +1.18% | +1.20% | +1.33% |
| Godrej Industries Ltd. | Consumer Staples | 1.25% | ₹24.75 Cr | +1.19% | +1.20% | +1.33% |
| Power Grid Corporation Of India Ltd. | Energy | 1.20% | ₹23.72 Cr | +1.15% | +1.15% | +1.30% |
| Keystone Realtors Ltd | Construction | 1.20% | ₹23.72 Cr | +1.60% | +1.90% | +2.10% |
| IndiGrid Infrastructure Trust | Capital Goods | 1.12% | ₹22.03 Cr | +1.07% | +1.02% | — |
| Raajmarg Infra Investment Trust | Construction | 1.08% | ₹21.27 Cr | +0.95% | +0.94% | — |
| Embassy Office Parks REIT | Construction | 1.07% | ₹21.08 Cr | +0.16% | +0.16% | +0.17% |
| Capital Infra Trust | Construction | 1.03% | ₹20.24 Cr | +0.91% | +0.86% | — |
| Veritas Finance Ltd. | Financial | 1.00% | ₹19.63 Cr | +0.24% | +0.24% | +0.26% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.98% | ₹19.27 Cr | +0.93% | +0.93% | +1.04% |
| Siddhivinayak Securitisation Trust | Others | 0.92% | ₹18.15 Cr | +0.88% | +0.90% | +1.00% |
| Shivshakti Securitisation Trust | Others | 0.92% | ₹18.13 Cr | +0.88% | +0.90% | +1.00% |
| TVS Holdings Ltd. | Automobile | 0.76% | ₹15.03 Cr | +0.71% | +0.72% | +0.80% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.75% | ₹14.81 Cr | +0.71% | — | — |
| Mahanagar Telephone Nigam Ltd. | Communication | 0.75% | ₹14.78 Cr | +0.70% | +0.71% | +1.49% |
| Radhakrishna Securitisation Trust | Others | 0.58% | ₹11.44 Cr | +0.55% | +0.56% | +0.63% |
| Jharkhand State | Others | 0.51% | ₹10.03 Cr | +0.48% | +0.49% | +0.54% |
| National Bank For Agriculture & Rural Development | Financial | 0.50% | ₹9.77 Cr | +0.71% | +0.71% | +0.80% |
| Altius Telecom Infrastructure Trust | Construction | 0.49% | ₹9.69 Cr | +0.47% | +0.47% | +0.53% |
| Aptus Value Housing Finance India Ltd. | Financial | 0.33% | ₹6.42 Cr | +0.30% | +0.31% | +0.42% |
| Maharashtra State | Others | 0.32% | ₹6.32 Cr | +0.30% | +0.31% | +2.51% |
| Knowledge Realty Trust | Construction | 0.25% | ₹4.88 Cr | +0.23% | +0.23% | +0.58% |
| Citius TransNet Investment Trust | Construction | 0.13% | ₹2.60 Cr | +0.11% | — | — |
| Karnataka State | Others | 0.09% | ₹1.78 Cr | +0.09% | +0.09% | +0.10% |
| National Highways Authority of India Ltd. | Services | 0.06% | ₹1.23 Cr | +0.06% | +0.06% | +0.07% |
| Cube Highways Trust | Services | 0.04% | ₹0.78 Cr | +0.04% | — | — |
| GOI | Sovereign | 0.03% | ₹0.53 Cr | +2.33% | +0.01% | +0.05% |
| Indus Infra Trust | Construction | 0.02% | ₹0.32 Cr | +0.01% | +0.09% | — |
| Barclays Bank | Financial | -0.01% | ₹-0.17 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | -0.01% | ₹-0.21 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:2595 | 2.37% | 0.00% | -2.37% |
| Navi Finserv Private Ltd. | 0.00% | 2.03% | +2.03% |
| company:6435 | 1.19% | 0.00% | -1.19% |
| GMR Airports Ltd. | 0.76% | 1.79% | +1.04% |
| Veritas Finance Ltd. | 0.24% | 1.00% | +0.76% |
| Vedanta Ltd. | 2.85% | 2.19% | -0.66% |
| JTPM Metal Traders Ltd. | 1.79% | 1.37% | -0.42% |
| Jubilant Beverages Ltd. | 3.43% | 3.69% | +0.26% |
| Jubilant Bevco Ltd. | 2.91% | 3.14% | +0.23% |
| Adani Power Ltd. | 2.82% | 3.03% | +0.21% |
| National Bank For Agriculture & Rural Development | 0.70% | 0.50% | -0.20% |
| Aadhar Housing Finance Ltd | 2.35% | 2.54% | +0.19% |
| Delhi International Airport Ltd. | 2.66% | 2.84% | +0.18% |
| Keystone Realtors Ltd | 1.38% | 1.20% | -0.17% |
| JSW Kalinga Steel Ltd. | 2.20% | 2.37% | +0.17% |
| Hiranandani Financial Services Pvt. Ltd. | 2.44% | 2.61% | +0.17% |
| Adani Airport Holdings Ltd. | 2.34% | 2.51% | +0.17% |
| Tamilnadu State | 2.97% | 3.14% | +0.17% |
| Cholamandalam Investment and Finance Company Ltd. | 2.13% | 2.28% | +0.16% |
| GMR Hyderabad International Airport Ltd. | 3.13% | 3.29% | +0.16% |
| Lodha Developers Ltd. | 1.99% | 2.13% | +0.14% |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | 1.90% | 2.03% | +0.13% |
| 360 ONE Wealth Ltd. | 1.89% | 2.02% | +0.13% |
| Kogta Financial India Ltd. | 1.88% | 2.01% | +0.13% |
| Indostar Capital Finance Ltd. | 1.66% | 1.78% | +0.12% |
| Aditya Birla Renewables Ltd. | 1.66% | 1.77% | +0.12% |
| Tata Projects Ltd. | 1.18% | 1.26% | +0.08% |
| Godrej Industries Ltd. | 1.18% | 1.25% | +0.08% |
| Capital Infra Trust | 0.96% | 1.03% | +0.07% |
| IKF Finance Ltd. | 0.94% | 1.01% | +0.07% |
| Raajmarg Infra Investment Trust | 1.01% | 1.08% | +0.07% |
| Power Grid Corporation Of India Ltd. | 1.14% | 1.20% | +0.06% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.93% | 0.98% | +0.05% |
| Mahanagar Telephone Nigam Ltd. | 0.70% | 0.75% | +0.05% |
| TVS Holdings Ltd. | 0.71% | 0.76% | +0.05% |
| Pilani Investment And Industries Corporation Ltd. | 0.70% | 0.75% | +0.05% |
| IndiGrid Infrastructure Trust | 1.07% | 1.12% | +0.05% |
| Shivshakti Securitisation Trust | 0.87% | 0.92% | +0.05% |
| Aptus Finance India Pvt. Ltd. | 1.63% | 1.59% | -0.04% |
| Siddhivinayak Securitisation Trust | 0.88% | 0.92% | +0.04% |
| Aditya Birla Digital Fashion Ventures Ltd. | 0.47% | 0.50% | +0.03% |
| Radhakrishna Securitisation Trust | 0.55% | 0.58% | +0.03% |
| Altius Telecom Infrastructure Trust | 0.46% | 0.49% | +0.03% |
| Jharkhand State | 0.48% | 0.51% | +0.03% |
| Knowledge Realty Trust | 0.22% | 0.25% | +0.02% |
| Others | 0.30% | 0.32% | +0.02% |
| Aptus Value Housing Finance India Ltd. | 0.30% | 0.33% | +0.02% |
| Maharashtra State | 0.30% | 0.32% | +0.02% |
| Citius TransNet Investment Trust | 0.12% | 0.13% | +0.01% |
| IDFC First Bank Ltd. | 0.00% | -0.01% | -0.01% |
| Barclays Bank | 0.00% | -0.01% | -0.01% |
| Karnataka State | 0.09% | 0.09% | 0.00% |
| National Highways Authority of India Ltd. | 0.06% | 0.06% | 0.00% |
| Embassy Office Parks REIT | 0.05% | 0.06% | 0.00% |
| Cube Highways Trust | 0.04% | 0.04% | 0.00% |
| Indus Infra Trust | 0.02% | 0.02% | 0.00% |
| GOI | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹4,609 Cr | 1.36% | 5.6% | 7.3% | 7.7% |
 SBI Medium Term Fund | ₹6,319 Cr | 1.22% | 5.2% | 6.4% | 6.7% |
 ICICI Prudential Medium Term Fund | ₹5,260 Cr | 1.36% | 5.7% | 7.2% | 7.3% |
 HDFC Medium Term Fund | ₹3,514 Cr | 1.30% | 5.3% | 6.5% | 6.6% |
 Aditya Birla Sun Life Medium Term Fund | ₹3,343 Cr | 1.55% | 6.1% | 9.1% | 10.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
Fund managers
- Akhil Bipin ThakkerMr. Thakker has done MBA in Finance from K J Somaiya Institute of ManagementPrior to joining Axis Mutual Fund, he has worked with CRISIL Ltd and Credit Analysis & Research Ltd.
- Devang ShahMr. Shah is B.Com and ACA.Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
- Sachin JainMr. Jain is a B.Tech, AGMP (Management)Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.20% absolute | ₹60,000 | ₹61,920 | 3.20% | |
| 1 year5.33% annualised | ₹1,20,000 | ₹1,23,522 | 2.93% | |
| 3 years7.65% annualised | ₹3,60,000 | ₹4,05,794 | 12.72% | |
| 5 years6.62% annualised | ₹6,00,000 | ₹7,12,842 | 18.81% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Medium Term Fund?
The NAV of Axis Medium Term Fund is ₹30.30 as on 9 Nov 2026.
What is the expense ratio of Axis Medium Term Fund?
The expense ratio of Axis Medium Term Fund is 1.32% per year.
What is the minimum SIP amount for Axis Medium Term Fund?
You can start a SIP in Axis Medium Term Fund with ₹3,000 a month.
What returns has Axis Medium Term Fund given?
Axis Medium Term Fund has returned 5.4% over 1 year, 6.8% over 3 years and 7.1% over 5 years (annualised).
Is there a lock-in or exit load on Axis Medium Term Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 15 Days..
How risky is Axis Medium Term Fund?
Axis Medium Term Fund is rated Moderately High on the SEBI riskometer and belongs to the Medium Duration category.
Which fund house manages Axis Medium Term Fund?
Axis Medium Term Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,91,554 Cr under management.