This mid-cap equity fund returned 20% in 3 years: should you invest?

ET Wealth collaborates with Value Research to analyze top mutual funds. We examine the key fundamentals of the fund, its portfolio and its performance to help you make an informed investment decision.

MEDIUM CAPITAL AXIS

BASIC DATA
RELEASE DATE
February 18, 2011
CATEGORY
EQUITY
GUY
MIDDLE CAPITALIZATION COMPANY
AUM*
30,143.58 crores
BENCHMARK
BSE 150 TOTAL MEDIUM CAPITAL
RETURN INDEX

HOW MUCH DOES IT COST?
NAV**
GROWTH OPTION
105.75 rupees
IDCW
42.97 rupees
MINIMUM INVESTMENT
100 rupees

MINIMUM SIP AMOUNT
100 rupees

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EXPENSE RATIO# (%)
1.57
LOAD OUTPUT
For units exceeding 10% of the investment, 1% will be charged for redemption within 365 days.

*AS OF JUNE 30, 2024
**AS OF AUGUST 6, 2024
#AS JUNE 30, 2024

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FUND MANAGER
SHREYASH DEVALKAR
7 YEARS, 8 MONTHS

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Recent changes in the portfolio
New participants
Aadhar Housing Finance, Go Digit General Insurance, Petronet LNG, REC, Suzlon Energy, Zydus Life Sciences (Can). Aarti IndustriesColgate-Palmolive (India), Container Corporation of India, Godrej Properties, Indus Towers, Mahindra Technology, United Breweries, V-Guard Industries (June).
Full outputs
Indian brickTata Chemicals (June).

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Should you buy it?
This mid-cap fund is known for maintaining a strong presence in large-cap companies as part of its emphasis on quality companies. The fund prefers companies that hold a leadership position in emerging areas or are rivals in established companies. The fund’s portfolio size has expanded from 35-40 stocks 3-4 years ago to over 100 today. This is partly due to better risk mitigation and also due to a greater share of mid-cap companies in the earnings rally. The fund has seen a marked deterioration in performance in recent years amid the market’s shift towards the value segment. It is likely to recover when the market rotation starts favouring growth and quality.

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