New Delhi: Investors of Axis Mutual Fund’s equity schemes are enjoying superior returns for over last two years in a row now. The performance of Axis Mutual Fund’s equity mutual funds got far more attention as it was the time when most other equity schemes have had a poor show.
Though, some of those schemes have recovered from their lows now. Axis Midcap Fund, the topper in the mid cap equity mutual funds category has grown by 13.67% annualised in the last five years and by 12.67% annualised in the last three years, for investors who have been investing through a monthly SIP.
Suppose an investor started a monthly SIP of ₹5,000 in Axis Midcap Fund since October 2015, i.e., a period of five years, he would have made ₹4,27,000 as on today. Total investments through monthly mode were ₹3 lakh in these five years.Shreyash Devalkar has been managing Axis Midcap Fund since November 2016. The scheme holds assets worth ₹6,732 crore.
Axis Midcap Fund has secured its place in the top quartile since 2018. Year-to-date, the scheme has maintained its position among the toppers as well. The scheme has remarkably outperformed the category average in the last five years. According to Morningstar data, 5-year returns of Axis Midcap Fund stood at 12.43%, while the category on an average has generated around 5%.
Axis Midcap fund has given over 10% returns in the last one year and 11.40% in the last three years. Here’s how a lumpsum amount of ₹10,000 invested in Axis Midcap Fund has grown till date, vs its category average and index.
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