Axis Mutual Fund · Direct Growth · SEBI Category: Mid Cap
Axis Midcap Fund is managed by Shreyash Devalkar, who applies the same quality-first investment framework used in Axis Flexi Cap but focused exclusively on the mid cap segment. The fund seeks businesses with strong and predictable earnings growth, high return on equity and clean governance — filtering out cyclical, commodity and highly leveraged companies.
This quality bias in the mid cap space has delivered strong performance during periods when quality companies are in favour. The fund can underperform when the market rotates toward value and cyclical stocks — sectors the fund deliberately avoids. Portfolio concentration is relatively high (30 to 45 stocks) reflecting the high-conviction nature of the strategy.
Shreyash Devalkar manages Axis Midcap Fund with the same quality-growth philosophy he applies across Axis MF's equity lineup. In the mid cap space, this means focusing on mid-sized businesses with strong competitive positions, high returns on capital and management teams with proven execution track records — companies he believes can compound earnings for 5 to 10 years.
For current co-manager details and full biography, refer to the latest Axis Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view - not judgements or recommendations.
Calculated from 2,573 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y - simple point-to-point return · 3Y / 5Y / 10Y - CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point - not CAGR.
Rolling returns show performance across every possible investment start date - not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV - what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
When NAV is above 200 DMA the fund is in an uptrend. When below, it signals caution. Calculated from NAV data in DB.
Calculated from 3 years of daily NAV - industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes - from official AMC disclosures.
See how Axis Midcap Fund ranks against other Mid Cap funds on returns, drawdown, Sharpe ratio and AAUM - side by side.
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