Is it good to invest in Axis Midcap Fund?

Is it good to invest in Axis Midcap Fund?

Axis Midcap Fund (Growth) is recommended for investment within mid cap mutual funds. Mid cap funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Which Axis Equity Fund is best?

List of Axis Mutual Funds in India

Fund Name Category 1Y Returns
Axis Focused 25 Fund Equity 25.7\%
Axis Liquid Direct Fund Debt 3.3\%
Axis Flexi Cap Fund Equity 43.1\%
Axis Flexi Cap Fund Equity 30.5\%

Is Axis Mid Cap Fund is ELSS?

Investing in Axis MF ELSS Funds provides you returns by way of capital appreciation and regular dividends. To boost returns, an aggressive investor may consider adding a few small-cap / mid-cap funds to the overall portfolio.

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Which mutual fund is best for midcap?

List of Mid Cap Mutual Funds in India

Fund Name Category 1Y Returns
Axis Midcap Fund Equity 43.8\%
Edelweiss Mid Cap Fund Equity 52.1\%
Kotak Emerging Equity Fund Equity 50.6\%
Nippon India Growth Fund Equity 48.8\%

Is Axis Midcap a tax benefit?

Tax benefits of investing in Axis Midcap Fund A short-term capital gain tax of 15\% is applicable if sold within a year from the date of allotment, whereas long-term capital gains, in excess of Rs 1 lakh, will be taxed at 10\% if sold after one year.

How do I redeem my Axis Midcap Fund?

A unit of a mutual funds can be redeemed on any business day. In the physical mode, investors need to fill in the requisite transaction slip, which can be download from the fund house website or detach from the bottom of your account statement.

Is ELSS an equity fund?

ELSS is one of the most popular tax-saving investments under Section 80C of Income Tax Act, 1961. An ELSS is an equity-oriented fund that invests at least 65\% of its portfolio in shares. On the other hand, SIP or a systematic investment plan is the best way to invest in a mutual fund.

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What is midcap fund?

A mid-cap fund is a pooled investment, such as a mutual fund, that focuses on companies with a market capitalization in the middle range of listed stocks. Mid-cap stocks tend to offer investors greater growth potential than large cap stocks, but with less volatility and risk than small cap stocks.

Who is the current manager of Axis MidCap direct plan – growth?

Axis Midcap Direct Plan – Growth is a Equity mutual fund scheme from Axis Mutual Fund. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Shreyash Devalkar.

What are mid cap mutual funds?

These mutual funds select stocks for investment from the mid cap category – stocks ranked between 100 to 250 by size (market capitalization).Larger stocks are expected to be less risky whereas smaller stocks may have higher potential to grow . Click on the category name to view all funds »

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What is the meaning of Alpha in mutual funds?

Alpha indicates how fund generated additional returns compared to a benchmark. Let’s say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1\%, so the higher the alpha, the better.

What is the difference between regular and direct options of funds?

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options.