What stocks does Axis Midcap Fund hold?

Axis Midcap Fund holds a portfolio of Indian equity stocks disclosed monthly by Axis Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Axis Midcap Fund?

Axis Midcap Fund is managed by Axis Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Axis Midcap Fund?

Axis Midcap Fund is classified as a Mid Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is Axis Midcap Fund portfolio data updated?

Portfolio holdings for Axis Midcap Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Axis Mutual Fund

Axis Midcap Fund - Direct Plan - Growth

Mid Cap Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹30,050.74 Cr

Equity only, excl. debt & cash

Top 5 Weight

15.7%

Diversified

Top 10 Weight

26.3%

Diversified

Changes

3 new · 4 exits

Top Sector

Electrical Equipment

11.7% of portfolio

📋 What Happened This Month Axis Midcap Fund made 3 new additions and exited 4 stocks this month. The biggest new buy was Ather Energy Limited (Automobiles) at 0.53% weight. ICICI Prudential Life Insurance Company Limited was the biggest exit (Insurance), which was held at 0.15%. Among existing holdings, Radico Khaitan Limited saw the biggest increase — now at 0.96% of the portfolio. Ashok Leyland Limited was trimmed the most, now at 0.42%. The Federal Bank Limited remains the top holding with Electrical Equipment the dominant sector at 11.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Axis Midcap Fund - Direct Plan - Growth

+2.02%

+14.34%

+6.30%

+6.06%

Latest NAV

₹140.31

24 Jun 2026

52W High

₹141.08

-1% from High

52W Low

₹109.20

+28% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+2.0%

2024

+31.4%

2023

+31.0%

2022

-3.9%

2021

+41.8%

2020

+27.8%

2019

+12.8%

2018

+4.6%

2017

+43.6%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

20.7%

+ve in 91% windows

80.3% / -14.5%

3Y Rolling Avg

20.1% p.a.

+ve in 100% windows

33.0% / 6.1%

5Y Rolling Avg

21.4% p.a.

+ve in 100% windows

29.6% / 14.9%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-19.4%

Rec: May 2026 (1yr 9mo)

COVID-19 Crash

-29.4%

Rec: Aug 2020 (7 mo)

2022 Rate Hike

-18.7%

Rec: May 2023 (1yr 4mo)

2018 IL&FS

-16.3%

Rec: Sep 2019 (1yr 4mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.89

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.25

Penalises downside volatility only.

Std Deviation (3Y)

14.7%

Lower = more consistent returns.

NAV Chart ₹140.31 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Axis Midcap Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹140.31

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Electrical Equipment	9.3%	10.4%	▲ +1.1%
Auto Components	8.4%	8.8%	▲ +0.4%
Pharmaceuticals & Biotechnology	7.5%	6.8%	▼ -0.7%
Banks	6.7%	6.6%	▼ -0.1%
Capital Markets	5.0%	5.9%	▲ +0.9%
Retailing	4.8%	5.1%	▲ +0.3%
Finance	4.2%	4.5%	▲ +0.3%
Industrial Products	4.4%	4.4%	● +0.0%
IT - Software	3.6%	3.7%	● +0.0%
Chemicals & Petrochemicals	3.5%	3.6%	▲ +0.1%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Electrical Equipment	10.4%	11.7%	▲ +1.3%
Auto Components	8.8%	9.3%	▲ +0.5%
Pharmaceuticals & Biotechnology	6.8%	6.7%	▼ -0.1%
Banks	6.6%	6.6%	● +0.0%
Capital Markets	5.9%	5.8%	▼ -0.1%
Retailing	5.1%	5.6%	▲ +0.6%
Industrial Products	4.4%	4.7%	▲ +0.2%
Finance	4.5%	4.3%	▼ -0.1%
Chemicals & Petrochemicals	3.6%	4.0%	▲ +0.3%
Healthcare Services	3.6%	3.5%	● 0.0%

🟢

Biggest New Buy

Ather Energy Limited

0.53% weight · Automobiles

🔴

Biggest Exit

ICICI Prudential Life Insurance Company Limited

0.15% was held · Insurance

↑

Biggest Add

Radico Khaitan Limited

+0.69% · now 0.96%

↓

Biggest Trim

Ashok Leyland Limited

-0.55% · now 0.42%

🤝 Other funds also bought this month

Marico Limited 26 funds

IndusInd Bank Limited 24 funds

Ather Energy Limited 21 funds

👋 Other funds also exited

Dixon Technologies (India) Limited 12 funds

Container Corporation of India Limited 7 funds

KPIT Technologies Limited 7 funds

ICICI Prudential Life Insurance Company Limited 6 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 3 New Entries 🔴 4 Exits ↑ 33 Increased ↓ 45 Decreased

#	Stock	Sector	Weight (May 2026)
1	Ather Energy Limited ₹174.44 Cr	Automobiles	0.53%
2	Marico Limited ₹167.47 Cr	Agricultural Food & other Products	0.51%
3	IndusInd Bank Limited ₹92.25 Cr	Banks	0.28%

#	Stock	Sector	Last Weight (Apr 2026)
1	ICICI Prudential Life Insurance Company Limited ₹47.34 Cr	Insurance	0.15%
2	Dixon Technologies (India) Limited ₹47.16 Cr	Consumer Durables	0.15%
3	Container Corporation of India Limited ₹41.27 Cr	Transport Services	0.13%
4	KPIT Technologies Limited ₹32.09 Cr	IT - Software	0.10%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Radico Khaitan Limited ₹313.85 Cr	Beverages	0.27%	0.96%	+0.69%
2	PB Fintech Limited ₹521.18 Cr	Financial Technology (Fintech)	1.09%	1.59%	+0.50%
3	Lenskart Solutions Limited ₹161.50 Cr	Retailing	0.08%	0.49%	+0.41%
4	Sona BLW Precision Forgings Limited ₹620.43 Cr	Auto Components	1.54%	1.89%	+0.35%
5	Apar Industries Limited ₹685.75 Cr	Electrical Equipment	1.76%	2.09%	+0.33%
6	GE Vernova T&D India Limited ₹952.58 Cr	Electrical Equipment	2.59%	2.90%	+0.31%
7	Page Industries Limited ₹262.68 Cr	Textiles & Apparels	0.50%	0.80%	+0.30%
8	Solar Industries India Limited ₹679.35 Cr	Chemicals & Petrochemicals	1.78%	2.07%	+0.29%
9	BSE Limited ₹786.22 Cr	Capital Markets	2.14%	2.39%	+0.25%
10	Bharat Heavy Electricals Limited ₹605.62 Cr	Electrical Equipment	1.59%	1.84%	+0.25%
11	Bharat Forge Limited ₹580.48 Cr	Auto Components	1.53%	1.77%	+0.24%
12	Hitachi Energy India Limited ₹638.31 Cr	Electrical Equipment	1.73%	1.94%	+0.21%
13	Cummins India Limited ₹691.80 Cr	Industrial Products	1.92%	2.11%	+0.19%
14	Tata Communications Limited ₹130.58 Cr	Telecom - Services	0.21%	0.40%	+0.19%
15	FSN E-Commerce Ventures Limited ₹313.00 Cr	Retailing	0.79%	0.95%	+0.16%
16	CG Power and Industrial Solutions Limited ₹413.81 Cr	Electrical Equipment	1.14%	1.26%	+0.12%
17	SRF Limited ₹407.42 Cr	Chemicals & Petrochemicals	1.17%	1.24%	+0.07%
18	KEI Industries Limited ₹336.90 Cr	Industrial Products	0.96%	1.03%	+0.07%
19	Vishal Mega Mart Limited ₹467.30 Cr	Retailing	1.37%	1.42%	+0.05%
20	Abbott India Limited ₹437.33 Cr	Pharmaceuticals & Biotechnology	1.28%	1.33%	+0.05%
21	Premier Energies Limited ₹549.82 Cr	Electrical Equipment	1.63%	1.67%	+0.04%
22	Tube Investments of India Limited ₹283.45 Cr	Auto Components	0.82%	0.86%	+0.04%
23	The Indian Hotels Company Limited ₹675.49 Cr	Leisure Services	2.03%	2.06%	+0.03%
24	Hindustan Petroleum Corporation Limited ₹312.91 Cr	Petroleum Products	0.92%	0.95%	+0.03%
25	JB Chemicals & Pharmaceuticals Limited ₹213.46 Cr	Pharmaceuticals & Biotechnology	0.62%	0.65%	+0.03%
26	Coforge Limited ₹354.64 Cr	IT - Software	1.06%	1.08%	+0.02%
27	Indus Towers Limited ₹87.42 Cr	Telecom - Services	0.25%	0.27%	+0.02%
28	K.P.R. Mill Limited ₹265.40 Cr	Textiles & Apparels	0.80%	0.81%	+0.01%
29	L&T Finance Limited ₹248.26 Cr	Finance	0.75%	0.76%	+0.01%
30	Trent Limited ₹244.76 Cr	Retailing	0.74%	0.75%	+0.01%
31	Astral Limited ₹140.59 Cr	Industrial Products	0.42%	0.43%	+0.01%
32	Mankind Pharma Limited ₹121.91 Cr	Pharmaceuticals & Biotechnology	0.36%	0.37%	+0.01%
33	Balkrishna Industries Limited ₹103.60 Cr	Auto Components	0.31%	0.32%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Ashok Leyland Limited ₹136.65 Cr	Agricultural, Commercial & Construction Vehicles	0.97%	0.42%	-0.55%
2	Multi Commodity Exchange of India Limited ₹997.83 Cr	Capital Markets	3.43%	3.04%	-0.39%
3	Jubilant Foodworks Limited ₹54.34 Cr	Leisure Services	0.54%	0.17%	-0.37%
4	Torrent Power Limited ₹438.33 Cr	Power	1.66%	1.33%	-0.33%
5	Coromandel International Limited ₹523.68 Cr	Fertilizers & Agrochemicals	1.83%	1.59%	-0.24%
6	PI Industries Limited ₹258.38 Cr	Fertilizers & Agrochemicals	0.98%	0.79%	-0.19%
7	Persistent Systems Limited ₹341.96 Cr	IT - Software	1.21%	1.04%	-0.17%
8	Indian Bank ₹352.04 Cr	Banks	1.21%	1.07%	-0.14%
9	Blue Star Limited ₹329.29 Cr	Consumer Durables	1.14%	1.00%	-0.14%
10	L&T Technology Services Limited ₹52.04 Cr	IT - Services	0.30%	0.16%	-0.14%
11	Glenmark Pharmaceuticals Limited ₹130.67 Cr	Pharmaceuticals & Biotechnology	0.53%	0.40%	-0.13%
12	Voltas Limited ₹218.66 Cr	Consumer Durables	0.78%	0.67%	-0.11%
13	Oracle Financial Services Software Limited ₹152.41 Cr	IT - Software	0.56%	0.46%	-0.10%
14	Jyoti CNC Automation Ltd ₹63.63 Cr	Industrial Manufacturing	0.29%	0.19%	-0.10%
15	TVS Motor Company Limited ₹408.02 Cr	Automobiles	1.32%	1.24%	-0.08%
16	Sundaram Finance Limited ₹210.44 Cr	Finance	0.71%	0.64%	-0.07%
17	Bharat Electronics Limited ₹283.22 Cr	Aerospace & Defense	0.92%	0.86%	-0.06%
18	JK Cement Limited ₹458.98 Cr	Cement & Cement Products	1.45%	1.40%	-0.05%
19	AU Small Finance Bank Limited ₹328.11 Cr	Banks	1.05%	1.00%	-0.05%
20	The Federal Bank Limited ₹1,257.98 Cr	Banks	3.87%	3.83%	-0.04%
21	IPCA Laboratories Limited ₹610.59 Cr	Pharmaceuticals & Biotechnology	1.90%	1.86%	-0.04%
22	UNO Minda Limited ₹474.07 Cr	Auto Components	1.48%	1.44%	-0.04%
23	Bharti Hexacom Limited ₹400.82 Cr	Telecom - Services	1.26%	1.22%	-0.04%
24	Supreme Industries Limited ₹361.46 Cr	Industrial Products	1.14%	1.10%	-0.04%
25	Bajaj Finance Limited ₹231.52 Cr	Finance	0.74%	0.70%	-0.04%
26	Swiggy Limited ₹198.26 Cr	Retailing	0.64%	0.60%	-0.04%
27	ITC Hotels Limited ₹159.17 Cr	Leisure Services	0.52%	0.48%	-0.04%
28	Endurance Technologies Limited ₹117.89 Cr	Auto Components	0.40%	0.36%	-0.04%
29	Schaeffler India Limited ₹728.08 Cr	Auto Components	2.25%	2.22%	-0.03%
30	The Phoenix Mills Limited ₹634.17 Cr	Realty	1.96%	1.93%	-0.03%
31	Jindal Steel Limited ₹314.78 Cr	Ferrous Metals	0.99%	0.96%	-0.03%
32	Lupin Limited ₹287.33 Cr	Pharmaceuticals & Biotechnology	0.90%	0.87%	-0.03%
33	Mphasis Limited ₹232.89 Cr	IT - Software	0.74%	0.71%	-0.03%
34	Prestige Estates Projects Limited ₹156.01 Cr	Realty	0.50%	0.47%	-0.03%
35	Fortis Healthcare Limited ₹1,162.64 Cr	Healthcare Services	3.56%	3.54%	-0.02%
36	Cholamandalam Investment and Finance Company Ltd ₹213.03 Cr	Finance	0.67%	0.65%	-0.02%
37	LG Electronics India Ltd ₹137.15 Cr	Consumer Durables	0.44%	0.42%	-0.02%
38	ICICI Lombard General Insurance Company Limited ₹392.52 Cr	Insurance	1.20%	1.19%	-0.01%
39	Shriram Finance Limited ₹256.81 Cr	Finance	0.79%	0.78%	-0.01%
40	3M India Limited ₹185.78 Cr	Diversified	0.58%	0.57%	-0.01%
41	ZF Commercial Vehicle Control Systems India Limited ₹157.50 Cr	Auto Components	0.49%	0.48%	-0.01%
42	ICICI Bank Limited ₹150.19 Cr	Banks	0.47%	0.46%	-0.01%
43	Fine Organic Industries Limited ₹140.88 Cr	Chemicals & Petrochemicals	0.44%	0.43%	-0.01%
44	Anthem Biosciences Limited ₹118.81 Cr	Pharmaceuticals & Biotechnology	0.37%	0.36%	-0.01%
45	Linde India Limited ₹68.58 Cr	Chemicals & Petrochemicals	0.22%	0.21%	-0.01%

What Stocks Does This Fund Hold?

86 stocks — May 2026

#	Stock	Sector	Weight & Value
1	The Federal Bank Limited ₹1,257.98 Cr	Banks	3.83%
2	Fortis Healthcare Limited ₹1,162.64 Cr	Healthcare Services	3.54%
3	Multi Commodity Exchange of India Limited ₹997.83 Cr	Capital Markets	3.04%
4	GE Vernova T&D India Limited ₹952.58 Cr	Electrical Equipment	2.90%
5	BSE Limited ₹786.22 Cr	Capital Markets	2.39%
6	Schaeffler India Limited ₹728.08 Cr	Auto Components	2.22%
7	Cummins India Limited ₹691.80 Cr	Industrial Products	2.11%
8	Apar Industries Limited ₹685.75 Cr	Electrical Equipment	2.09%
9	Solar Industries India Limited ₹679.35 Cr	Chemicals & Petrochemicals	2.07%
10	The Indian Hotels Company Limited ₹675.49 Cr	Leisure Services	2.06%
11	Hitachi Energy India Limited ₹638.31 Cr	Electrical Equipment	1.94%
12	The Phoenix Mills Limited ₹634.17 Cr	Realty	1.93%
13	Sona BLW Precision Forgings Limited ₹620.43 Cr	Auto Components	1.89%
14	IPCA Laboratories Limited ₹610.59 Cr	Pharmaceuticals & Biotechnology	1.86%
15	Bharat Heavy Electricals Limited ₹605.62 Cr	Electrical Equipment	1.84%
16	Bharat Forge Limited ₹580.48 Cr	Auto Components	1.77%
17	Premier Energies Limited ₹549.82 Cr	Electrical Equipment	1.67%
18	Coromandel International Limited ₹523.68 Cr	Fertilizers & Agrochemicals	1.59%
19	PB Fintech Limited ₹521.18 Cr	Financial Technology (Fintech)	1.59%
20	UNO Minda Limited ₹474.07 Cr	Auto Components	1.44%
21	Vishal Mega Mart Limited ₹467.30 Cr	Retailing	1.42%
22	JK Cement Limited ₹458.98 Cr	Cement & Cement Products	1.40%
23	Torrent Power Limited ₹438.33 Cr	Power	1.33%
24	Abbott India Limited ₹437.33 Cr	Pharmaceuticals & Biotechnology	1.33%
25	CG Power and Industrial Solutions Limited ₹413.81 Cr	Electrical Equipment	1.26%
26	TVS Motor Company Limited ₹408.02 Cr	Automobiles	1.24%
27	SRF Limited ₹407.42 Cr	Chemicals & Petrochemicals	1.24%
28	Bharti Hexacom Limited ₹400.82 Cr	Telecom - Services	1.22%
29	ICICI Lombard General Insurance Company Limited ₹392.52 Cr	Insurance	1.19%
30	Supreme Industries Limited ₹361.46 Cr	Industrial Products	1.10%
31	Coforge Limited ₹354.64 Cr	IT - Software	1.08%
32	Indian Bank ₹352.04 Cr	Banks	1.07%
33	Persistent Systems Limited ₹341.96 Cr	IT - Software	1.04%
34	KEI Industries Limited ₹336.90 Cr	Industrial Products	1.03%
35	Blue Star Limited ₹329.29 Cr	Consumer Durables	1.00%
36	AU Small Finance Bank Limited ₹328.11 Cr	Banks	1.00%
37	Jindal Steel Limited ₹314.78 Cr	Ferrous Metals	0.96%
38	Radico Khaitan Limited ₹313.85 Cr	Beverages	0.96%
39	FSN E-Commerce Ventures Limited ₹313.00 Cr	Retailing	0.95%
40	Hindustan Petroleum Corporation Limited ₹312.91 Cr	Petroleum Products	0.95%
41	Lupin Limited ₹287.33 Cr	Pharmaceuticals & Biotechnology	0.87%
42	Alkem Laboratories Limited ₹285.54 Cr	Pharmaceuticals & Biotechnology	0.87%
43	Bharat Electronics Limited ₹283.22 Cr	Aerospace & Defense	0.86%
44	Tube Investments of India Limited ₹283.45 Cr	Auto Components	0.86%
45	K.P.R. Mill Limited ₹265.40 Cr	Textiles & Apparels	0.81%
46	Page Industries Limited ₹262.68 Cr	Textiles & Apparels	0.80%
47	Cholamandalam Financial Holdings Limited ₹259.77 Cr	Finance	0.79%
48	PI Industries Limited ₹258.38 Cr	Fertilizers & Agrochemicals	0.79%
49	Shriram Finance Limited ₹256.81 Cr	Finance	0.78%
50	L&T Finance Limited ₹248.26 Cr	Finance	0.76%
51	Trent Limited ₹244.76 Cr	Retailing	0.75%
52	Eternal Limited ₹242.75 Cr	Retailing	0.74%
53	Mphasis Limited ₹232.89 Cr	IT - Software	0.71%
54	Bajaj Finance Limited ₹231.52 Cr	Finance	0.70%
55	Info Edge (India) Limited ₹227.28 Cr	Retailing	0.69%
56	Voltas Limited ₹218.66 Cr	Consumer Durables	0.67%
57	JB Chemicals & Pharmaceuticals Limited ₹213.46 Cr	Pharmaceuticals & Biotechnology	0.65%
58	Cholamandalam Investment and Finance Company Ltd ₹213.03 Cr	Finance	0.65%
59	Sundaram Finance Limited ₹210.44 Cr	Finance	0.64%
60	Swiggy Limited ₹198.26 Cr	Retailing	0.60%
61	3M India Limited ₹185.78 Cr	Diversified	0.57%
62	Ather Energy Limited ₹174.44 Cr	Automobiles	0.53%
63	Marico Limited ₹167.47 Cr	Agricultural Food & other Products	0.51%
64	Lenskart Solutions Limited ₹161.50 Cr	Retailing	0.49%
65	ITC Hotels Limited ₹159.17 Cr	Leisure Services	0.48%
66	ZF Commercial Vehicle Control Systems India Limited ₹157.50 Cr	Auto Components	0.48%
67	Prestige Estates Projects Limited ₹156.01 Cr	Realty	0.47%
68	Oracle Financial Services Software Limited ₹152.41 Cr	IT - Software	0.46%
69	ICICI Bank Limited ₹150.19 Cr	Banks	0.46%
70	Fine Organic Industries Limited ₹140.88 Cr	Chemicals & Petrochemicals	0.43%
71	Astral Limited ₹140.59 Cr	Industrial Products	0.43%
72	LG Electronics India Ltd ₹137.15 Cr	Consumer Durables	0.42%
73	Ashok Leyland Limited ₹136.65 Cr	Agricultural, Commercial & Construction Vehicles	0.42%
74	Glenmark Pharmaceuticals Limited ₹130.67 Cr	Pharmaceuticals & Biotechnology	0.40%
75	Tata Communications Limited ₹130.58 Cr	Telecom - Services	0.40%
76	Mankind Pharma Limited ₹121.91 Cr	Pharmaceuticals & Biotechnology	0.37%
77	Anthem Biosciences Limited ₹118.81 Cr	Pharmaceuticals & Biotechnology	0.36%
78	Endurance Technologies Limited ₹117.89 Cr	Auto Components	0.36%
79	Billionbrains Garage Ventures Ltd ₹105.84 Cr	Capital Markets	0.32%
80	Balkrishna Industries Limited ₹103.60 Cr	Auto Components	0.32%
81	IndusInd Bank Limited ₹92.25 Cr	Banks	0.28%
82	Indus Towers Limited ₹87.42 Cr	Telecom - Services	0.27%
83	Linde India Limited ₹68.58 Cr	Chemicals & Petrochemicals	0.21%
84	Jyoti CNC Automation Ltd ₹63.63 Cr	Industrial Manufacturing	0.19%
85	Jubilant Foodworks Limited ₹54.34 Cr	Leisure Services	0.17%
86	L&T Technology Services Limited ₹52.04 Cr	IT - Services	0.16%