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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹133.4700 | +2.94% | — | — | — | — | — |
| Regular Growth | ₹113.8700 | +2.84% | +0.92% | -0.78% | +6.01% | +18.11% | +15.60% |
| Direct IDCW | ₹51.7300 | +2.92% | — | — | — | — | — |
| Regular IDCW | ₹38.8200 | +2.83% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.