The scheme seeks to achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.
The scheme aims to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Mid Cap companies.
Fund Manager
Shreyash Devalkar, Nitin Arora, Krishnaa Narayan
Dhruv Bhatia, Trideep Bhattacharya, Mehul Dalmia
AMC
Axis Mutual Fund
Edelweiss Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
51.4%
Moderate overlap
common holdings
51.4% of the combined portfolio weight is common between Axis Midcap Direct Plan-Growth and Edelweiss Mid Cap Direct Plan-Growth.
54 stocks appear in both portfolios.
The largest shared holding is The Federal Bank Ltd., at 4.25% of Axis Midcap Direct Plan-Growth and 3.87% of Edelweiss Mid Cap Direct Plan-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
The Federal Bank Ltd.Fortis Healthcare Ltd.BSE Ltd.Solar Industries India Ltd.GE Vernova T&D India LtdMulti Commodity Exchange Of India Ltd.Ipca Laboratories Ltd.Bharat Heavy Electricals Ltd.
Edelweiss Mid Cap Direct Plan-Growth has delivered the higher 3-year CAGR (23.76% vs 18.49%). Edelweiss Mid Cap Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.72% against 0.86%. Axis Midcap Direct Plan-Growth manages the larger corpus at ₹33.80k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Edelweiss Mid Cap Direct Plan-Growth returned 11.36% against 9.57% for Axis Midcap Direct Plan-Growth; and over 3 years, Edelweiss Mid Cap Direct Plan-Growth leads with a 23.76% CAGR versus 18.49%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Edelweiss Mid Cap Direct Plan-Growth has the lower expense ratio at 0.72%, compared with 0.86% for Axis Midcap Direct Plan-Growth — a difference of 0.14% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Axis Midcap Direct Plan-Growth and Edelweiss Mid Cap Direct Plan-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 51.4%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Mid Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Axis Midcap Direct Plan-Growth has a NAV of ₹143.60 and an AUM of ₹33.80k Cr, and was launched on 31 Dec 2012. Edelweiss Mid Cap Direct Plan-Growth has a NAV of ₹129.60 and an AUM of ₹17.75k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
