Axis Nifty Midcap 50 Index Fund
Mid Cap IndexVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹20.69+0.57%1 day
- Return since launch
- 16.9%
- 52-week range
- ₹17.67 — ₹21.77
- AUM
- ₹722 Cr
Axis Nifty Midcap 50 Index Fund is a Mid Cap Index equity fund from Axis Mutual Fund with ₹722 Cr under management, launched in 2022. Over three years it has returned 7.4% a year, against 12.3% for its category. The expense ratio is 1.16% 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 +1.8% against -1.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.7% | +2.9 pts | 0.8% | 1.7% |
| 2Y | 6.6% | +2.9 pts | 3.7% | 3.8% |
| 3Y | 7.4% | −4.9 pts | 12.3% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.5% | +1.0 pts | 3.5% | 4.0% |
| 3M | -4.0% | −0.1 pts | -3.9% | -4.3% |
| 6M | 0.5% | +0.7 pts | -0.3% | -0.2% |
| 1Y | 2.4% | +1.6 pts | 0.8% | -0.6% |
| 2Y | 5.9% | +3.9 pts | 1.9% | 2.6% |
| 3Y | 14.2% | +1.9 pts | 12.3% | 13.2% |
Since launch (10 Mar 2022): 16.9%
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
1.15%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.89%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.24%
- 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 | 0.13 | -0.64 | 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 | 0.47 | 0.44 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.66 | 0.60 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.96 | 18.56 | 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 30 Sep 2026
Asset allocation
- Equity100.1%
- Debt1.1%
Market cap split
- Large5.0%
- Mid95.0%
- P/E
- 28.92
- P/B
- 3.42
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | Services | 3.92% | ₹28.67 Cr | +3.23% | +3.18% | — |
| The Federal Bank Ltd. | Financial | 3.65% | ₹26.70 Cr | +3.63% | +3.33% | +2.45% |
| Laurus Labs Ltd. | Healthcare | 3.59% | ₹26.26 Cr | +2.63% | +2.01% | — |
| One 97 Communications Ltd. | Services | 3.36% | ₹24.61 Cr | +2.14% | +2.10% | +2.14% |
| Hero Motocorp Ltd. | Automobile | 3.17% | ₹23.17 Cr | +2.78% | +3.43% | +3.62% |
| The Indian Hotels Company Ltd. | Services | 2.98% | ₹21.79 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.82% | ₹20.62 Cr | +2.69% | +1.86% | +1.59% |
| Indusind Bank Ltd. | Financial | 2.76% | ₹20.22 Cr | +2.72% | +2.58% | +2.50% |
| AU Small Finance Bank Ltd. | Financial | 2.73% | ₹20.01 Cr | +2.62% | +2.49% | +2.13% |
| Persistent Systems Ltd. | Technology | 2.67% | ₹19.56 Cr | +2.10% | +2.77% | +2.68% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.54% | ₹18.58 Cr | +2.21% | +2.08% | +3.46% |
| IDFC First Bank Ltd. | Financial | 2.52% | ₹18.42 Cr | +2.35% | +2.03% | +2.39% |
| Bharat Forge Ltd. | Automobile | 2.49% | ₹18.23 Cr | +2.55% | +2.33% | +1.67% |
| GE Vernova T&D India Ltd | Capital Goods | 2.42% | ₹17.73 Cr | — | — | — |
| Lupin Ltd. | Healthcare | 2.30% | ₹16.80 Cr | +2.62% | +2.93% | +2.39% |
| Suzlon Energy Ltd. | Capital Goods | 2.24% | ₹16.36 Cr | +3.20% | +2.50% | +3.44% |
| Indus Towers Ltd. | Communication | 2.24% | ₹16.36 Cr | +2.25% | +2.82% | +2.35% |
| Info Edge (India) Ltd. | Services | 2.20% | ₹16.09 Cr | +1.67% | +1.93% | — |
| Aurobindo Pharma Ltd. | Healthcare | 2.15% | ₹15.74 Cr | +1.95% | +1.90% | +1.57% |
| Ashok Leyland Ltd. | Automobile | 2.05% | ₹15.03 Cr | +2.01% | +2.30% | +2.11% |
| FSN E-Commerce Ventures Ltd. | Services | 2.04% | ₹14.92 Cr | +1.90% | +1.68% | — |
| Marico Ltd. | Consumer Staples | 1.94% | ₹14.19 Cr | +1.97% | +2.02% | +1.91% |
| Fortis Healthcare Ltd. | Healthcare | 1.87% | ₹13.66 Cr | +2.22% | +2.16% | +2.60% |
| United Spirits Ltd. | Consumer Staples | 1.86% | ₹13.62 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.86% | ₹13.58 Cr | +1.45% | +1.83% | +1.57% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.80% | ₹13.19 Cr | +1.89% | +2.16% | — |
| PB Fintech Ltd. | Services | 1.76% | ₹12.86 Cr | +2.51% | +2.54% | +2.97% |
| Swiggy Ltd. | Services | 1.75% | ₹12.80 Cr | +1.52% | +1.86% | — |
| REC Ltd. | Financial | 1.74% | ₹12.72 Cr | — | — | — |
| Yes Bank Ltd. | Financial | 1.71% | ₹12.53 Cr | +1.89% | +1.57% | +2.17% |
| Max Financial Services Ltd. | Financial | 1.70% | ₹12.41 Cr | +1.87% | +2.06% | +2.14% |
| The Phoenix Mills Ltd. | Construction | 1.68% | ₹12.31 Cr | +1.62% | +1.46% | +1.50% |
| SRF Ltd. | Chemicals | 1.67% | ₹12.23 Cr | +1.77% | +1.84% | +2.12% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.64% | ₹11.97 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.57% | ₹11.46 Cr | +1.69% | +1.67% | +2.20% |
| GMR Airports Ltd. | Construction | 1.54% | ₹11.25 Cr | +1.78% | +1.57% | +1.61% |
| National Aluminium Company Ltd. | Metals & Mining | 1.42% | ₹10.41 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 1.41% | ₹10.33 Cr | — | — | — |
| UPL Ltd. | Chemicals | 1.41% | ₹10.31 Cr | +1.43% | +1.66% | +1.92% |
| Mankind Pharma Ltd. | Healthcare | 1.32% | ₹9.66 Cr | +1.29% | +1.18% | +1.42% |
| Vishal Mega Mart Ltd. | Services | 1.32% | ₹9.64 Cr | — | — | — |
| NHPC Ltd. | Energy | 1.28% | ₹9.35 Cr | +1.37% | +1.21% | +1.41% |
| NMDC Ltd. | Metals & Mining | 1.23% | ₹9.01 Cr | +1.31% | +1.37% | +1.37% |
| Havells India Ltd. | Capital Goods | 1.19% | ₹8.72 Cr | +1.30% | +1.57% | — |
| Tube Investments Of India Ltd. | Automobile | 1.18% | ₹8.63 Cr | +1.44% | +1.40% | +1.71% |
| Prestige Estates Projects Ltd. | Construction | 1.16% | ₹8.51 Cr | +1.18% | +0.99% | +1.32% |
| Oil India Ltd. | Energy | 1.14% | ₹8.33 Cr | +1.01% | +1.35% | +1.17% |
| Waaree Energies Ltd. | Energy | 1.06% | ₹7.76 Cr | +1.26% | +1.55% | — |
| Dabur India Ltd. | Consumer Staples | 1.04% | ₹7.64 Cr | +1.11% | +1.26% | +1.49% |
| Godrej Properties Ltd. | Construction | 1.03% | ₹7.50 Cr | +1.13% | +1.14% | +1.53% |
| Others | Others | -0.13% | ₹-0.92 Cr | +0.59% | +1.63% | +1.10% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| BSE Ltd. | 5.67% | 0.00% | -5.67% |
| The Indian Hotels Company Ltd. | 0.00% | 2.98% | +2.98% |
| Coforge Ltd. | 2.92% | 0.00% | -2.92% |
| GE Vernova T&D India Ltd | 0.00% | 2.42% | +2.42% |
| Polycab India Ltd. | 2.13% | 0.00% | -2.13% |
| United Spirits Ltd. | 0.00% | 1.86% | +1.86% |
| REC Ltd. | 0.00% | 1.74% | +1.74% |
| Glenmark Pharmaceuticals Ltd. | 0.00% | 1.64% | +1.64% |
| National Aluminium Company Ltd. | 0.00% | 1.42% | +1.42% |
| JSW Energy Ltd. | 0.00% | 1.41% | +1.41% |
| Mphasis Ltd. | 1.36% | 0.00% | -1.36% |
| Vishal Mega Mart Ltd. | 0.00% | 1.32% | +1.32% |
| Alkem Laboratories Ltd. | 1.32% | 0.00% | -1.32% |
| Colgate-Palmolive (India) Ltd. | 1.06% | 0.00% | -1.06% |
| PB Fintech Ltd. | 2.74% | 1.76% | -0.98% |
| Supreme Industries Ltd. | 0.97% | 0.00% | -0.97% |
| Others | 0.21% | 1.13% | +0.92% |
| SBI Cards And Payment Services Ltd. | 0.81% | 0.00% | -0.81% |
| Laurus Labs Ltd. | 3.15% | 3.59% | +0.44% |
| One 97 Communications Ltd. | 3.06% | 3.36% | +0.31% |
| Multi Commodity Exchange Of India Ltd. | 3.67% | 3.92% | +0.25% |
| Suzlon Energy Ltd. | 2.44% | 2.24% | -0.21% |
| ICICI Lombard General Insurance Company Ltd. | 1.61% | 1.80% | +0.19% |
| The Phoenix Mills Ltd. | 1.50% | 1.68% | +0.18% |
| Hero Motocorp Ltd. | 2.99% | 3.17% | +0.18% |
| Mankind Pharma Ltd. | 1.16% | 1.32% | +0.16% |
| APL Apollo Tubes Ltd. | 1.71% | 1.86% | +0.15% |
| Aurobindo Pharma Ltd. | 2.01% | 2.15% | +0.14% |
| AU Small Finance Bank Ltd. | 2.60% | 2.73% | +0.14% |
| Havells India Ltd. | 1.32% | 1.19% | -0.13% |
| Fortis Healthcare Ltd. | 2.00% | 1.87% | -0.13% |
| GMR Airports Ltd. | 1.41% | 1.54% | +0.13% |
| Godrej Properties Ltd. | 1.15% | 1.03% | -0.13% |
| Bharat Forge Ltd. | 2.37% | 2.49% | +0.12% |
| Indus Towers Ltd. | 2.12% | 2.24% | +0.12% |
| IDFC First Bank Ltd. | 2.41% | 2.52% | +0.11% |
| Marico Ltd. | 1.83% | 1.94% | +0.11% |
| Persistent Systems Ltd. | 2.57% | 2.67% | +0.10% |
| SRF Ltd. | 1.57% | 1.67% | +0.10% |
| Dabur India Ltd. | 0.95% | 1.04% | +0.09% |
| Bharat Heavy Electricals Ltd. | 2.73% | 2.82% | +0.09% |
| Hindustan Petroleum Corporation Ltd. | 1.48% | 1.57% | +0.08% |
| UPL Ltd. | 1.33% | 1.41% | +0.08% |
| Info Edge (India) Ltd. | 2.12% | 2.20% | +0.08% |
| Tube Investments Of India Ltd. | 1.26% | 1.18% | -0.08% |
| Ashok Leyland Ltd. | 2.12% | 2.05% | -0.07% |
| Max Financial Services Ltd. | 1.76% | 1.70% | -0.07% |
| The Federal Bank Ltd. | 3.72% | 3.65% | -0.07% |
| Indusind Bank Ltd. | 2.83% | 2.76% | -0.07% |
| Dixon Technologies (India) Ltd. | 2.60% | 2.54% | -0.06% |
| Swiggy Ltd. | 1.69% | 1.75% | +0.06% |
| NMDC Ltd. | 1.29% | 1.23% | -0.06% |
| NHPC Ltd. | 1.22% | 1.28% | +0.06% |
| Lupin Ltd. | 2.25% | 2.30% | +0.05% |
| Oil India Ltd. | 1.11% | 1.14% | +0.03% |
| Yes Bank Ltd. | 1.69% | 1.71% | +0.02% |
| FSN E-Commerce Ventures Ltd. | 2.02% | 2.04% | +0.02% |
| Waaree Energies Ltd. | 1.05% | 1.06% | +0.01% |
| Prestige Estates Projects Ltd. | 1.16% | 1.16% | 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 | ₹2,086 Cr | 1.00% | 2.0% | 6.0% | 13.3% |
 Motilal Oswal Nifty Midcap 150 Index Fund | ₹3,995 Cr | 1.12% | 1.9% | 5.9% | 13.3% |
 Nippon India Nifty Midcap 150 Index Fund | ₹2,675 Cr | 0.93% | 2.1% | 6.1% | 13.4% |
 SBI Nifty Midcap 150 Index Fund | ₹1,225 Cr | 0.91% | 2.2% | 6.1% | — |
 Aditya Birla Sun Life Nifty Midcap 150 Index Fund | ₹450 Cr | 1.03% | 1.9% | 5.9% | 13.3% |
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 months0.48% absolute | ₹60,000 | ₹60,288 | 0.48% | |
| 1 year2.37% annualised | ₹1,20,000 | ₹1,21,552 | 1.29% | |
| 3 years14.19% annualised | ₹3,60,000 | ₹4,50,802 | 25.22% |
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 ₹20.69 as on 9 Nov 2026.
What is the expense ratio of Axis Nifty Midcap 50 Index Fund?
The expense ratio of Axis Nifty Midcap 50 Index Fund is 1.16% 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 ₹3,91,554 Cr under management.