Should I invest in Axis Midcap Fund?

We don't give personal investment advice. Axis Midcap Fund - Direct Plan - IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 28.5%. 5-year CAGR: 5.57%.

Axis

Axis Midcap Fund - Direct Plan - IDCW

Latest NAV

₹52.2400

As of

3 Jun 2026

3,309 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.33%	+0.14%	+0.19	9 / 31	Q2
1W	-2.01%	-1.87%	-0.14	18 / 31	Q3
2W	-0.50%	-0.11%	-0.38	22 / 31	Q3
1M	-0.04%	+0.51%	-0.55	22 / 31	Q3
3M	+2.37%	+3.44%	-1.07	18 / 31	Q3
6M	-7.85%	-2.01%	-5.84	25 / 30	Q4
YTD	-6.78%	-1.58%	-5.20	25 / 30	Q4
1Y	-3.79%	+2.35%	-6.14	26 / 29	Q4
2Y	-2.10%	+3.03%	-5.14	24 / 28	Q4
3Y	+8.54%	+16.24%	-7.70	28 / 28	Q4
4Y	+7.75%	+15.16%	-7.40	22 / 22	Q4
5Y	+5.57%	+13.25%	-7.68	20 / 21	Q4
7Y	+8.64%	+14.99%	-6.34	17 / 19	Q4
10Y	+8.18%	+11.74%	-3.56	14 / 16	Q4
Inception	+10.45%	+14.53%	-4.08	26 / 31	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-6.78%	-1.58%	-5.20	25 / 30
2025	-6.58%	-0.94%	-5.64	26 / 28
2024	+21.45%	+26.10%	-4.65	20 / 28
2023	+17.69%	+33.37%	-15.68	27 / 27
2022	-12.50%	-0.01%	-12.49	20 / 21
2021	+28.44%	+39.11%	-10.67	17 / 20
2020	+17.36%	+21.28%	-3.92	11 / 19
2019	+3.69%	-0.12%	+3.81	3 / 18
2018	+5.08%	-14.35%	+19.43	1 / 17
2017	+31.08%	+34.26%	-3.17	12 / 17
2016	-9.80%	-0.52%	-9.28	16 / 16

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+14.81%

152 windows

min -20.7% · max 102.6%

67% positive

3-Year rolling

+10.55%

127 windows

min -2.9% · max 32.0%

98% positive

5-Year rolling

+10.52%

103 windows

min -2.5% · max 21.7%

98% positive

7-Year rolling

+10.16%

79 windows

min 4.9% · max 15.8%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

19.17%

3-year · annualised

Sharpe ratio

0.19

vs risk-free 6.5%

Sortino ratio

0.25

Downside-only deviation

Max drawdown

-26.23%

Sep 2024 → Feb 2025

% positive months

69.4%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Mid Cap Fund - IDCW Option - Direct Plan	HDFC	₹77.7900	3 Jun 2026
SBI Midcap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹148.2267	3 Jun 2026
ICICI Prudential MidCap Fund - Direct Plan - IDCW	ICICI Prudential	₹69.4100	3 Jun 2026
Invesco India Midcap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹76.9100	3 Jun 2026
BANDHAN MIDCAP FUND - IDCW - DIRECT PLAN	Bandhan	₹18.8330	3 Jun 2026
quant Mid Cap Fund - IDCW Option - Direct Plan	Quant	₹86.2856	3 Jun 2026
Aditya Birla Sun Life Midcap Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹95.7500	3 Jun 2026
Motilal Oswal Midcap Fund-Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹42.4667	3 Jun 2026
Franklin India Mid Cap Fund - Direct - IDCW	Franklin India	₹108.9957	3 Jun 2026
Mirae Asset Midcap Fund Direct IDCW	Mirae Asset	₹26.9280	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹52.2400
2 Jun 2026	₹52.2400
1 Jun 2026	₹52.0700
31 May 2026	₹52.8200
29 May 2026	₹52.8200
27 May 2026	₹53.6000
26 May 2026	₹53.3100
25 May 2026	₹53.2000
22 May 2026	₹52.8200
21 May 2026	₹52.8400

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Axis Midcap Fund - Direct Plan - IDCW is ₹52.2400. It's a Mid Cap Fund from Axis, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Axis Midcap Fund - Direct Plan - IDCW has NAV history starting from 02 Jan 2013, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Axis Midcap Fund - Direct Plan - IDCW is managed by Axis. It's classified by AMFI under the 'Mid Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Axis Midcap Fund - Direct Plan - IDCW has delivered a absolute return of -3.79% — -6.14 pp behind the Mid Cap Fund category average of 2.35%. The fund ranks #26 of 29 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Axis Midcap Fund - Direct Plan - IDCW has delivered a CAGR of 8.54% — -7.7 pp behind the Mid Cap Fund category average of 16.24%. The fund ranks #28 of 28 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Axis Midcap Fund - Direct Plan - IDCW has delivered a CAGR of 5.57% — -7.68 pp behind the Mid Cap Fund category average of 13.25%. The fund ranks #20 of 21 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Axis Midcap Fund - Direct Plan - IDCW exactly 10 years ago would be worth approximately ₹219,589 today — a multiplier of 2.20×, based on the 10-year CAGR of 8.18%. The category average over the same window would have grown ₹1 lakh to ₹303,545.

A ₹10,000 monthly SIP in Axis Midcap Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹663,433 today. That's an XIRR (money-weighted annualised return) of 3.97%.

A ₹10,000 monthly SIP for 10 years in Axis Midcap Fund - Direct Plan - IDCW = ₹1,200,000 invested. It would currently be worth ₹1,769,774 (multiplier 1.47×). XIRR: 7.54%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Axis Midcap Fund - Direct Plan - IDCW ranks #20 out of 21 funds in the Mid Cap Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 13.25%; this fund delivered 5.57%.

The worst peak-to-trough decline Axis Midcap Fund - Direct Plan - IDCW has experienced over the last 5-year window is 28.46% — its NAV fell from a high on 18 Oct 2021 to a low on 28 Mar 2023. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Axis Midcap Fund - Direct Plan - IDCW averaged 10.52% (best 21.65%, worst -2.50%). 98% of rolling windows ended positive. The 5-year Sharpe ratio is 0.05 — weak risk-adjusted performance.

In calendar year 2025, Axis Midcap Fund - Direct Plan - IDCW returned -6.58% — lagging the Mid Cap Fund category average of -0.94% by 5.64 pp. It ranked #26 of 28 in its category that year.

Axis Midcap Fund - Direct Plan - IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Axis Midcap Fund - Direct Plan - IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 28.5%. 5-year CAGR: 5.57%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.