Axis Nifty Midcap 50 Index Fund
Mid Cap IndexVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹20.61-2.57%1 day
- Return since launch
- 18.2%
- 52-week range
- ₹17.67 — ₹21.77
- AUM
- ₹772 Cr
Axis Nifty Midcap 50 Index Fund is a Mid Cap Index equity fund from Axis Mutual Fund with ₹772 Cr under management, launched in 2022. Over three years it has returned 8.6% a year, against 12.7% for its category. The expense ratio is 1.10% and the SEBI riskometer reading is Very High.
Performance
Axis Nifty Midcap 50 Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +7.5% against +2.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | +0.7 pts | 3.8% | 1.6% |
| 2Y | 6.7% | +2.8 pts | 3.9% | 3.8% |
| 3Y | 8.6% | −4.2 pts | 12.7% | 6.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.9% | −0.8 pts | -4.1% | -4.5% |
| 3M | -0.5% | +0.8 pts | -1.3% | -1.2% |
| 6M | 11.0% | +1.0 pts | 10.0% | 10.2% |
| 1Y | 7.5% | +3.6 pts | 3.8% | 2.8% |
| 2Y | 1.2% | +2.7 pts | -1.4% | -1.2% |
| 3Y | 14.0% | +1.3 pts | 12.7% | 13.1% |
Since launch (10 Mar 2022): 18.2%
Calendar-year returns
Category average49.0%
20.5%
7.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | +4.2 pts | 3.3% |
| 2024 | 20.5% | −3.6 pts | 24.1% |
| 2023 | 49.0% | +6.2 pts | 42.8% |
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
1.10%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.89%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit load of 0.25% if redeemed within 7 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Midcap 50 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.26 | -0.44 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.01 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.66 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.89 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.37 | 17.93 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Nifty Midcap 50 Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.0%
- Debt0.2%
Market cap split
- Large12.6%
- Mid87.4%
- P/E
- 35.88
- P/B
- 4.11
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| BSE Ltd. | Services | 5.67% | ₹43.73 Cr | +7.57% | +5.42% | +4.82% |
| The Federal Bank Ltd. | Financial | 3.72% | ₹28.66 Cr | +3.18% | +3.61% | +2.66% |
| Multi Commodity Exchange Of India Ltd. | Services | 3.67% | ₹28.28 Cr | +3.37% | — | — |
| Laurus Labs Ltd. | Healthcare | 3.15% | ₹24.29 Cr | +2.37% | — | — |
| One97 Communications Ltd. | Services | 3.06% | ₹23.57 Cr | +2.10% | +2.18% | +2.32% |
| Hero Motocorp Ltd. | Automobile | 2.99% | ₹23.07 Cr | +2.84% | +3.63% | — |
| Coforge Ltd. | Technology | 2.92% | ₹22.53 Cr | +2.21% | +1.94% | +3.24% |
| Indusind Bank Ltd. | Financial | 2.83% | ₹21.83 Cr | +2.69% | +3.08% | — |
| PB Fintech Ltd. | Services | 2.74% | ₹21.15 Cr | +2.59% | +2.47% | +3.32% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.73% | ₹21.04 Cr | +2.72% | +1.88% | +1.51% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.60% | ₹20.09 Cr | +2.13% | +2.12% | +3.67% |
| AU Small Finance Bank Ltd. | Financial | 2.60% | ₹20.05 Cr | +2.49% | +2.65% | +2.28% |
| Persistent Systems Ltd. | Technology | 2.57% | ₹19.82 Cr | +2.53% | +2.52% | +3.21% |
| Suzlon Energy Ltd. | Capital Goods | 2.44% | ₹18.84 Cr | +3.09% | +2.53% | — |
| IDFC First Bank Ltd. | Financial | 2.41% | ₹18.60 Cr | +2.11% | +2.38% | +2.54% |
| Bharat Forge Ltd. | Automobile | 2.37% | ₹18.29 Cr | +2.33% | +2.49% | +1.66% |
| Lupin Ltd. | Healthcare | 2.25% | ₹17.33 Cr | +2.46% | +2.73% | +2.59% |
| Polycab India Ltd. | Capital Goods | 2.13% | ₹16.47 Cr | +2.24% | +2.22% | +2.02% |
| Info Edge (India) Ltd. | Services | 2.12% | ₹16.39 Cr | +1.70% | — | — |
| Ashok Leyland Ltd. | Automobile | 2.12% | ₹16.39 Cr | +1.99% | +2.96% | +2.05% |
| Indus Towers Ltd. | Communication | 2.12% | ₹16.33 Cr | +2.56% | +2.88% | +2.53% |
| FSN E-Commerce Ventures Ltd. | Services | 2.02% | ₹15.59 Cr | +1.60% | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 2.01% | ₹15.50 Cr | +1.78% | +1.67% | +1.62% |
| Fortis Healthcare Ltd. | Healthcare | 2.00% | ₹15.41 Cr | +2.16% | +2.41% | — |
| Marico Ltd. | Consumer Staples | 1.83% | ₹14.15 Cr | +1.94% | +2.04% | +2.17% |
| Max Financial Services Ltd. | Financial | 1.76% | ₹13.60 Cr | +1.98% | +2.34% | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.71% | ₹13.20 Cr | +1.49% | +1.99% | — |
| Yes Bank Ltd. | Financial | 1.69% | ₹13.07 Cr | +1.82% | +1.78% | +2.03% |
| Swiggy Ltd. | Services | 1.69% | ₹13.04 Cr | +1.58% | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.61% | ₹12.42 Cr | +1.94% | — | — |
| SRF Ltd. | Chemicals | 1.57% | ₹12.12 Cr | +1.76% | +1.82% | +2.32% |
| The Phoenix Mills Ltd. | Construction | 1.50% | ₹11.56 Cr | +1.48% | +1.51% | +1.58% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.48% | ₹11.45 Cr | +1.69% | +2.07% | +2.04% |
| GMR Airports Ltd. | Construction | 1.41% | ₹10.87 Cr | +1.60% | +1.76% | +1.73% |
| Mphasis Ltd. | Technology | 1.36% | ₹10.48 Cr | +1.34% | +1.28% | +1.79% |
| UPL Ltd. | Chemicals | 1.33% | ₹10.28 Cr | +1.62% | +1.75% | — |
| Havells India Ltd. | Capital Goods | 1.32% | ₹10.22 Cr | +1.33% | — | — |
| Alkem Laboratories Ltd. | Healthcare | 1.32% | ₹10.17 Cr | +1.44% | — | +1.61% |
| NMDC Ltd. | Metals & Mining | 1.29% | ₹9.94 Cr | +1.36% | +1.38% | +1.34% |
| Tube Investments Of India Ltd. | Automobile | 1.26% | ₹9.68 Cr | +1.50% | +1.44% | +1.79% |
| NHPC Ltd. | Energy | 1.22% | ₹9.43 Cr | +1.12% | +1.16% | +1.38% |
| Prestige Estates Projects Ltd. | Construction | 1.16% | ₹8.98 Cr | +1.03% | +1.15% | +1.49% |
| Mankind Pharma Ltd. | Healthcare | 1.16% | ₹8.93 Cr | +1.20% | +1.24% | — |
| Godrej Properties Ltd. | Construction | 1.15% | ₹8.88 Cr | +1.17% | +1.26% | +1.65% |
| Oil India Ltd. | Energy | 1.11% | ₹8.59 Cr | +1.16% | +1.29% | +1.20% |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 1.06% | ₹8.15 Cr | +1.21% | +1.45% | +1.73% |
| Waaree Energies Ltd. | Energy | 1.05% | ₹8.13 Cr | +1.35% | — | — |
| Supreme Industries Ltd. | Materials | 0.97% | ₹7.47 Cr | +1.02% | +1.25% | +1.63% |
| Dabur India Ltd. | Consumer Staples | 0.95% | ₹7.33 Cr | +1.17% | +1.50% | — |
| SBI Cards And Payment Services Ltd. | Financial | 0.81% | ₹6.23 Cr | +0.84% | +1.13% | +1.36% |
| Others | Others | -0.02% | ₹-0.13 Cr | +0.62% | +0.40% | +0.50% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| BSE Ltd. | 6.41% | 5.67% | -0.75% |
| Multi Commodity Exchange Of India Ltd. | 2.96% | 3.67% | +0.71% |
| One97 Communications Ltd. | 2.43% | 3.06% | +0.62% |
| PB Fintech Ltd. | 2.39% | 2.74% | +0.36% |
| Coforge Ltd. | 2.58% | 2.92% | +0.34% |
| APL Apollo Tubes Ltd. | 1.43% | 1.71% | +0.28% |
| Lupin Ltd. | 2.52% | 2.25% | -0.28% |
| GMR Airports Ltd. | 1.61% | 1.41% | -0.20% |
| Bharat Heavy Electricals Ltd. | 2.55% | 2.73% | +0.17% |
| Bharat Forge Ltd. | 2.52% | 2.37% | -0.15% |
| Marico Ltd. | 1.98% | 1.83% | -0.15% |
| Alkem Laboratories Ltd. | 1.45% | 1.32% | -0.13% |
| Hindustan Petroleum Corporation Ltd. | 1.61% | 1.48% | -0.13% |
| UPL Ltd. | 1.46% | 1.33% | -0.13% |
| Aurobindo Pharma Ltd. | 1.88% | 2.01% | +0.13% |
| Fortis Healthcare Ltd. | 2.12% | 2.00% | -0.12% |
| Colgate-Palmolive (India) Ltd. | 1.18% | 1.06% | -0.12% |
| Dabur India Ltd. | 1.07% | 0.95% | -0.12% |
| Laurus Labs Ltd. | 3.04% | 3.15% | +0.11% |
| Info Edge (India) Ltd. | 2.02% | 2.12% | +0.10% |
| Dixon Technologies (India) Ltd. | 2.51% | 2.60% | +0.09% |
| The Federal Bank Ltd. | 3.81% | 3.72% | -0.09% |
| ICICI Lombard General Insurance Company Ltd. | 1.70% | 1.61% | -0.09% |
| Ashok Leyland Ltd. | 2.05% | 2.12% | +0.08% |
| Godrej Properties Ltd. | 1.23% | 1.15% | -0.07% |
| Suzlon Energy Ltd. | 2.51% | 2.44% | -0.07% |
| SRF Ltd. | 1.64% | 1.57% | -0.07% |
| FSN E-Commerce Ventures Ltd. | 1.96% | 2.02% | +0.06% |
| NHPC Ltd. | 1.28% | 1.22% | -0.06% |
| Indus Towers Ltd. | 2.17% | 2.12% | -0.05% |
| Max Financial Services Ltd. | 1.71% | 1.76% | +0.05% |
| Waaree Energies Ltd. | 1.10% | 1.05% | -0.05% |
| Swiggy Ltd. | 1.74% | 1.69% | -0.05% |
| AU Small Finance Bank Ltd. | 2.55% | 2.60% | +0.05% |
| Mankind Pharma Ltd. | 1.20% | 1.16% | -0.05% |
| Havells India Ltd. | 1.37% | 1.32% | -0.04% |
| Indusind Bank Ltd. | 2.87% | 2.83% | -0.04% |
| Polycab India Ltd. | 2.10% | 2.13% | +0.04% |
| Oil India Ltd. | 1.08% | 1.11% | +0.04% |
| SBI Cards And Payment Services Ltd. | 0.84% | 0.81% | -0.03% |
| Yes Bank Ltd. | 1.72% | 1.69% | -0.03% |
| Persistent Systems Ltd. | 2.60% | 2.57% | -0.03% |
| Mphasis Ltd. | 1.33% | 1.36% | +0.02% |
| NMDC Ltd. | 1.27% | 1.29% | +0.02% |
| The Phoenix Mills Ltd. | 1.52% | 1.50% | -0.02% |
| Hero Motocorp Ltd. | 3.01% | 2.99% | -0.02% |
| Tube Investments Of India Ltd. | 1.27% | 1.26% | -0.01% |
| Prestige Estates Projects Ltd. | 1.17% | 1.16% | -0.01% |
| IDFC First Bank Ltd. | 2.42% | 2.41% | -0.01% |
| Supreme Industries Ltd. | 0.96% | 0.97% | +0.01% |
| Others | 0.21% | 0.21% | 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 | ₹2,198 Cr | 0.97% | 3.1% | 7.5% | 14.6% |
 Motilal Oswal Nifty Midcap 150 Index Fund | ₹4,151 Cr | 1.09% | 3.0% | 7.5% | 14.6% |
 Nippon India Nifty Midcap 150 Index Fund | ₹2,845 Cr | 0.88% | 3.2% | 7.6% | 14.7% |
 SBI Nifty Midcap 150 Index Fund | ₹1,292 Cr | 0.89% | 3.3% | 7.6% | — |
 Aditya Birla Sun Life Nifty Midcap 150 Index Fund | ₹503 Cr | 1.00% | 3.0% | 7.5% | 14.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors.
Fund managers
- Nandik MallikMr. Mallik holds B.Tech degree and has also done PGDM (IIM Calcutta) and MS- Finance (London Business School).Prior to joining the Axis MF, he was working with Avendus Capital Public Markets Alternate Strategies LLP, ICICI Prudential Asset Management Company Ltd, Edelweiss AMC, DC India Capital, Credit-Suisse (London), BNP Paribas (London), NM Rothschild (Mumbai) and Fair Isaac (Bangalore).
- Rohit GautamB.Tech. from IIT Bombay, PGDM from IIM AhmedabadPrior to joining the Axis MF, he was associated with IndiaFirst Life Insurance, Shriram AMC, Greater Pacific Capital.
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 months11.01% absolute | ₹60,000 | ₹66,606 | 11.01% | |
| 1 year7.46% annualised | ₹1,20,000 | ₹1,24,961 | 4.13% | |
| 3 years14.03% annualised | ₹3,60,000 | ₹4,49,630 | 24.90% |
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 Nifty Midcap 50 Index Fund?
The NAV of Axis Nifty Midcap 50 Index Fund is ₹20.61 as on 24 Sep 2026.
What is the expense ratio of Axis Nifty Midcap 50 Index Fund?
The expense ratio of Axis Nifty Midcap 50 Index Fund is 1.10% per year.
What is the minimum SIP amount for Axis Nifty Midcap 50 Index Fund?
You can start a SIP in Axis Nifty Midcap 50 Index Fund with ₹3,000 a month.
Is there a lock-in or exit load on Axis Nifty Midcap 50 Index Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 7 days..
How risky is Axis Nifty Midcap 50 Index Fund?
Axis Nifty Midcap 50 Index Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap Index category.
Which fund house manages Axis Nifty Midcap 50 Index Fund?
Axis Nifty Midcap 50 Index Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,77,445 Cr under management.