Axis Nifty Midcap 50 Index Fund
Axis Mutual Fund · Index Fund · Regular plan, growth option
NAV (₹), 1 Oct 2026
19.8164
1-day change
-1.11%
1Y return
4.2%
3Y CAGR
12.5%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 31 Mar 2022 to 1 Oct 2026
Returns vs Index Fund median (276 schemes) and “Mid cap index” median (19)
| Period | Scheme | Category median | Mid cap index median |
|---|---|---|---|
| 1 month | -7.8% | -6.5% | -7.0% |
| 3 months | -5.0% | -5.3% | -5.2% |
| 6 months | 9.8% | 5.2% | 8.8% |
| Year to date | -2.8% | -7.2% | -3.0% |
| 1 year | 4.2% | -3.6% | 1.7% |
| 3 years (CAGR) | 12.5% | 9.0% | 12.3% |
| 5 years (CAGR) | n/a | 6.8% | 13.4% |
| 7 years (CAGR) | n/a | 10.9% | 20.3% |
| 10 years (CAGR) | n/a | 10.5% | n/a |
| Since first NAV (CAGR) | 16.4% | – | – |
“Mid cap index” is MFIC's grouping of Index Fund schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.7% | 6.8% |
| 3Y rolling median | 23.4% | 16.2% |
| 3Y rolling worst | 12.5% | 8.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 12.9% |
| 5Y rolling worst | n/a | 5.9% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.8% | 17.6% |
| Sharpe ratio | 0.42 | 0.22 |
| Sortino ratio | 0.62 | 0.31 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −20.5% | −19.1% |
| Maximum drawdown, last 10Y | n/a | −38.1% |
| Maximum drawdown, last 5Y | n/a | −17.9% |
| Current drawdown | −9.0% | −11.5% |
| Recovery time of worst fall | 248 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.18% a year and the Direct plan's 0.37%, a gap of 0.81%; over the last 3 years the Direct plan returned 0.84 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹20,36,904.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 1.10% to 1.18% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Nandik Malik | Primary /Domestic Equities & | 6 Mar 2026 |
| Rohit Gautam | Assistant Fund Manager – Equity Passive | 6 Mar 2026 |
Objective: To provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Securities covered by Nifty Midcap 50 Index (95%-100%), Debt & Money Market Instruments (0%-5%)
Benchmark (tier 1): Nifty Midcap 50 Index TRI
Exit load: 0.25% if redeemed / switched out within 7 days from the date of allotment/ Investment w.e.f., 24/03/2022
Minimum application: ₹100
Allotment date: 28 Mar 2022
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.18% | 1.10% |
| AUM, whole scheme (₹ crore) | 732 | 159 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.3% | 7.4% TRI |
| Return, 3 years (AMFI) | 12.9% | 14.2% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 61% median |
| Month-ends in category top quartile (3Y) | 95% | 13% median |
Official benchmark: NIFTY Midcap 50 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Index Fund Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -2.8% | n/a | – |
| 2025 | 7.5% | n/a | – |
| 2024 | 20.7% | n/a | – |
| 2023 | 49.0% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,18,338 | -2.6% |
| 3 years | ₹3,60,000 | ₹3,92,079 | 5.6% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Axis Mutual Fund
Category: Index Fund
Plan / option: Regular · Growth
AMFI scheme code: 149938
ISIN: INF846K012I3
First NAV in MFIC data: 31 Mar 2022
History: 4.5 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Kotak Nifty Midcap 50 Index Fund | Index Fund | 1.00 | n/a |
| Bandhan Nifty Midcap 150 Index Fund | Index Fund | 0.99 | n/a |
| HDFC NIFTY Midcap 150 Index Fund | Index Fund | 0.99 | 12.2% |
| SBI Nifty Midcap 150 Index Fund | Index Fund | 0.98 | 12.3% |
| Nippon India Nifty Midcap 150 Index Fund | Index Fund | 0.98 | 12.3% |
| Motilal Oswal Nifty Midcap 150 Index Fund | Index Fund | 0.98 | 12.3% |
Questions about Axis Nifty Midcap 50 Index Fund
- What is the latest NAV of Axis Nifty Midcap 50 Index Fund?
- The NAV of the Regular plan (growth option) was ₹19.8164 on 1 Oct 2026, as published by AMFI.
- Which category is Axis Nifty Midcap 50 Index Fund in?
- It is classified as Index Fund in AMFI's daily NAV file; a Index Fund scheme passively tracks a stated index. MFIC compares it with 276 Index Fund schemes (Regular plans).
- What returns has Axis Nifty Midcap 50 Index Fund delivered?
- Over one year the NAV changed by 4.2%. The 3-year CAGR is 12.5% (category median 9.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 23.4%, the lowest was 12.5%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Axis Nifty Midcap 50 Index Fund's NAV?
- The largest peak-to-trough fall in its available history was 20.5%.
- How volatile is Axis Nifty Midcap 50 Index Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.8%, which is above the Index Fund category median of 17.6%.
- What would a monthly SIP in Axis Nifty Midcap 50 Index Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,92,079 on 1 Oct 2026, an annualised return (XIRR) of 5.6%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Axis Nifty Midcap 50 Index Fund?
- The total expense ratio of the Regular plan is 1.18% a year, as disclosed to AMFI (median of Index Fund Regular plans: 1.10%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Axis Nifty Midcap 50 Index Fund?
- Assets under management of the whole scheme were ₹732 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Axis Nifty Midcap 50 Index Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Axis Nifty Midcap 50 Index Fund and how has it compared?
- Its official benchmark is the NIFTY Midcap 50 TRI. Over 3 years AMFI reports a return of 12.9% for this plan against 14.2% for the benchmark total return index. Past performance does not indicate future results.
- How often has Axis Nifty Midcap 50 Index Fund beaten its category?
- At 100% of the 19 month-ends compared over the last 10 years, its 3-year return was above the median of Index Fund schemes (Regular plans); it was in the top quarter at 95% of them. A typical scheme would show about 50%.
- Who manages Axis Nifty Midcap 50 Index Fund?
- According to its Scheme Summary Document, Axis Nifty Midcap 50 Index Fund is managed by Nandik Malik (since 6 Mar 2026), Rohit Gautam (since 6 Mar 2026).
- What is the exit load of Axis Nifty Midcap 50 Index Fund?
- As stated in its scheme documents: 0.25% if redeemed / switched out within 7 days from the date of allotment/ Investment w.e.f., 24/03/2022 Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Axis Nifty Midcap 50 Index Fund?
- The minimum application amount is ₹100. SIP details: SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 5.0% and the Regular plan's by 4.2%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.