HealthyDirect · GrowthFit for a long SIP
Axis Medium Term Fund
Axis Mutual FundIncome/Debt Oriented Schemes - Medium Term Fund13.8 years
The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
- NAV
- 33.2627
- 29 Oct 2026
- 1Y
- +5.3%
- Trailing CAGR
- AUM
- ₹2,112.31 Cr
- 31 Aug 2026
- Volatility
- Low
- 2.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.71% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -7.3%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Akhil Bipin Thakker · 3.7 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 36.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.3%
- 3Y+8.1%
- 5Y+7.2%
- 10Y+7.7%
- SI+8.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.9%
- 3Y+7.1%
- 5Y+7.5%
- 10Y+7.6%
- Since inception
- +8.4%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 82
- Vs comparable share classes
- SIP 3Y XIRR
- +7.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.0%
- 2608 daily-ending windows
- Median rolling 3Y
- +8.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2126 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -7.3%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 50 days
- Days below latest peak
- Time below peak
- +54%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 359 recovered episodes
- Longest recovery
- 154 days
- Trough to prior peak
27 May 2013 – 20 Jan 2014
Trough 19 Aug 2013 · recovered in 154 days
-7.3%
9 Mar 2020 – 20 Apr 2020
Trough 23 Mar 2020 · recovered in 28 days
-2.5%
3 Jun 2019 – 7 Aug 2019
Trough 10 Jun 2019 · recovered in 58 days
-2.4%
24 Nov 2016 – 7 Feb 2017
Trough 28 Dec 2016 · recovered in 41 days
-1.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
82
Vs category
53
Consistency
92
Risk-adjusted
77
Drawdown
82
Mean
77
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 79 holdings · top 10 are 36.8%.
- Top 5
- 23.4%
- Top 10
- 36.8%
- Largest holding
- 11.0%
- Effective holdings
- 34.3
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
11.0%
JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC
Consumer Staples
3.4%
GMR HYDERABAD INTERNATIONAL AIRPORT LTD RR NCD 28MR34 FVRS1LAC
Industrials
3.1%
STATE DEVELOPMENT LOAN 36777 TN 03DC33 7.18 FV RS 100
Unspecified
3.0%
JUBILANT BEVCO LIMITED NCD 31MY28 FVRS1LAC
Consumer Staples
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bandhan Medium Term Fund
Bandhan Mutual Fund
- 1Y
- +5.2%
- 3Y
- +7.5%
- Vol
- 2.0%
- Max DD
- -3.6%
- Sharpe
- 0.83
- 3Y win
- +29%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
HDFC Medium Term Fund
HDFC Mutual Fund
- 1Y
- +5.3%
- 3Y
- +7.7%
- Vol
- 1.7%
- Max DD
- -3.5%
- Sharpe
- 1.24
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
HSBC Medium Term Fund
HSBC Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.5%
- Vol
- 1.2%
- Max DD
- -1.0%
- Sharpe
- 1.25
- 3Y win
- +87%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Invesco India Medium Term Fund
Invesco Mutual Fund
- 1Y
- +3.6%
- 3Y
- +6.9%
- Vol
- 1.5%
- Max DD
- -2.3%
- Sharpe
- -0.00
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
ICICI Prudential Medium Term Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.6%
- 3Y
- +8.1%
- Vol
- 1.9%
- Max DD
- -5.1%
- Sharpe
- 1.29
- 3Y win
- +80%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns