Axis Midcap Fund
The fund maintains a growth-oriented midcap stance with notable conviction in financial infrastructure, evidenced by a dominant 8.78% position in Clearing Corporation of India—a dramatic 710 basis point surge signaling strong conviction in the payment systems boom. The portfolio tilts heavily toward electrical equipment and auto components, betting on industrial capex and electrification tailwinds, while the recent exit from Honeywell and HDFC AMC suggests the manager is rotating away from mature consumption plays toward cyclical, capital-intensive opportunities. With 32.5% in the top ten holdings and nearly 90% in equities, the fund trades liquidity for concentrated conviction in structural growth themes.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹134.9000 | +1.88% | — | — | — |
| Regular Growth | ₹115.1000 | +1.80% | +5.54% | +18.35% | +15.85% |
| Direct IDCW | ₹52.2900 | +1.89% | — | — | — |
| Regular IDCW | ₹39.2400 | +1.79% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Radico Khaitan Limited | 0.27% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Clearing Corporation of India Ltd | 8.78% |
| 2 | NIFTY May 2026 Future | 5.64%(der) |
| 3 | The Federal Bank Limited INE171A01029 | 3.87% |
| 4 | Fortis Healthcare Limited INE061F01013 | 3.56% |
| 5 | Multi Commodity Exchange of India Limited INE745G01043 | 3.43% |
| 6 | GE Vernova T&D India Limited INE200A01026 | 2.59% |
| 7 | Schaeffler India Limited INE513A01022 | 2.25% |
| 8 | BSE Limited INE118H01025 | 2.14% |
| 9 | The Indian Hotels Company Limited INE053A01029 | 2.03% |
| 10 | The Phoenix Mills Limited INE211B01039 | 1.96% |
| 11 | Cummins India Limited INE298A01020 | 1.92% |
| 12 | IPCA Laboratories Limited INE571A01038 | 1.90% |
| 13 | Coromandel International Limited INE169A01031 | 1.83% |
| 14 | Solar Industries India Limited INE343H01029 | 1.78% |
| 15 | Apar Industries Limited INE372A01015 | 1.76% |
| 16 | Hitachi Energy India Limited INE07Y701011 | 1.73% |
| 17 | Torrent Power Limited INE813H01021 | 1.66% |
| 18 | Premier Energies Limited INE0BS701011 | 1.63% |
| 19 | Bharat Heavy Electricals Limited INE257A01026 | 1.59% |
| 20 | Sona BLW Precision Forgings Limited INE073K01018 | 1.54% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Midcap Fund hold?
Axis Midcap Fund holds 89 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 22.23% of NAV.
What is the largest holding in Axis Midcap Fund?
The largest position in Axis Midcap Fund is Clearing Corporation of India Ltd, accounting for 8.78% of NAV.
Is Axis Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.415, Axis Midcap Fund is well-diversified. The HHI concentration index is 21,840 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 22.23% of the portfolio.
What is the market cap allocation of Axis Midcap Fund?
Based on SEBI's AMFI classification, Axis Midcap Fund's equity portfolio is split as: Large Cap: 13.70%, Mid Cap: 68.88%, Small Cap: 3.48%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Midcap Fund invest in most?
Axis Midcap Fund has the highest allocation to Electrical Equipment (10.44%), Auto Components (8.82%), Pharmaceuticals & Biotechnology (6.83%). The fund is invested across 32 sectors in total.
How actively managed is Axis Midcap Fund compared to other Mid Cap Fund funds?
Axis Midcap Fund has an Active Share of 43.06%, classifying it as "Balanced Approach" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Midcap Fund added 1 new stock (including Radico Khaitan Limited) and exited 2 stocks (including Honeywell Automation India Limited). Total holding count decreased from 93 to 90 stocks.