MonitorDirect · GrowthWatch before adding
Axis Midcap Fund
Axis Mutual FundEquity Scheme - Mid Cap Fund13.8 years
The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
- NAV
- 136.47
- 30 Oct 2026
- 1Y
- +1.3%
- Trailing CAGR
- AUM
- ₹33,527.8 Cr
- 30 Sept 2026
- Volatility
- Medium
- 14.9% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Baroda BNP Paribas Mid Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.80% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -29.4%. Ask whether you can hold through a similar fall.
Vs category
Watch
41% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Krishnaa Narayan · 2.7 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 ≈ 31.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 29%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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+1.3%
- 3Y+16.1%
- 5Y+11.9%
- 10Y+16.9%
- SI+18.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.1%
- 3Y+7.7%
- 5Y+13.1%
- 10Y+17.1%
- Since inception
- +18.0%
- Calendar-day CAGR
- Excess 1Y
- +4.3%
- Category median, same plan and option
- 3Y win rate
- +41%
- Windows beating the median
- 3Y percentile
- 82
- Vs comparable share classes
- SIP 3Y XIRR
- +7.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.9%
- 2662 daily-ending windows
- Median rolling 3Y
- +19.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2169 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -29.4%
- Worst peak-to-trough
- Current
- -6.5%
- Below last peak
- Current spell
- 60 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 16 days
- 176 recovered episodes
- Longest recovery
- 432 days
- Trough to prior peak
20 Feb 2020 – 26 Aug 2020
Trough 23 Mar 2020 · recovered in 156 days
-29.4%
5 Aug 2015 – 30 Mar 2017
Trough 26 Feb 2016 · recovered in 398 days
-25.0%
15 Jan 2013 – 24 Dec 2013
Trough 3 Sept 2013 · recovered in 112 days
-22.0%
18 Oct 2021 – 6 Jun 2023
Trough 20 Jun 2022 · recovered in 351 days
-20.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
82
Vs category
77
Consistency
45
Risk-adjusted
66
Drawdown
27
Mean
59
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 87 holdings · top 10 are 31.7%.
- Top 5
- 20.1%
- Top 10
- 31.7%
- Largest holding
- 8.0%
- Effective holdings
- 47.8
Others CBLO
Unspecified
8.0%
The Federal Bank Ltd
Financial
4.0%
Apar Industries Ltd
Diversified
2.8%
Sona BLW Precision Forgings Ltd
Consumer Discretionary
2.7%
Fortis Healthcare Ltd
Healthcare
2.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas Mid Cap Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +0.8%
- 3Y
- +15.3%
- Vol
- 14.5%
- Max DD
- -18.6%
- Sharpe
- 0.70
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
ITI Mid Cap Fund
ITI Mutual Fund
- 1Y
- -1.3%
- 3Y
- +17.7%
- Vol
- 16.4%
- Max DD
- -22.7%
- Sharpe
- 0.67
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Edelweiss Mid Cap Fund
Edelweiss Mutual Fund
- 1Y
- -2.0%
- 3Y
- +19.0%
- Vol
- 17.1%
- Max DD
- -39.2%
- Sharpe
- 0.78
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
LIC MF Mid Cap Fund
LIC Mutual Fund
- 1Y
- -3.9%
- 3Y
- +13.7%
- Vol
- 16.5%
- Max DD
- -21.5%
- Sharpe
- 0.51
- 3Y win
- +78%
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns
Sundaram Mid Cap Fund
Sundaram Mutual Fund
- 1Y
- -4.6%
- 3Y
- +16.4%
- Vol
- 16.5%
- Max DD
- -44.3%
- Sharpe
- 0.70
- 3Y win
- +56%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER