We, at MySIPonline, find various investors who cannot decide upon the type of fund or the scheme they should buy for their portfolio. Yes, it is difficult indeed, and that is why we are willingly making every effort to sort out this concern. Wealth creation is one of the biggest goals of almost every investor and achieving the same requires a lot of efforts. The schemes like Axis Mid Cap Fund are often recommended to the investors who wish to create wealth in the long-term period, but is it really worthwhile to add this to the portfolio. Let’s explain you the same right here!
The mid-cap mutual funds have the special charm in all the categories of the equity class. The reason being is that it invests in the rising companies with superior management aim to deliver fascinating returns which help in creating wealth. Among the other equity funds like large-cap and small-cap funds, the mid-cap schemes are moderately risky due to which the returns generated are risk adjusted. Axis Mid Cap Fund holds inherent risk but is among the top performers in its category due to which it is highly recommended by the experts. Let’s take a view of its performance and the portfolio to understand its potential.
Performance Track of Axis Mid Cap Fund (G)
Being ranked among the top-five funds in Small & Mid Cap category by CRISIL, this fund holds a significant position among its peers in the market. The absolute as well as the annualised returns of the scheme prove its efficiency of yielding exceptional profits for wealth generation. The absolute returns for the past five years have been positive and reached up to 75.8% in the year 2014. The annualised returns of the scheme are outperforming the set benchmark and making many investors rich daily. This is evidenced by the returns of 9.3% and 20.1%, respectively for three- and five-year investments. Moving further towards the SIP returns of the scheme, we can evaluate that they have been exceptionally higher. If you would have started investing Rs.1000 per month three years back in 2015, you would have made a total investment worth of Rs.45,488 which is almost 23% on an average.
Portfolio Analysis of Axis Mid Cap Fund
Once we are sure that the asset allocation of the scheme is perfect, it becomes easier for us to select the fund for our investment goals. This mid-cap fund from Axis Mutual Fund holds a strong portfolio with the majority of the capital being invested in the equity and equity-related securities of the mid-cap companies. The sector allocation of the fund showcases majority of the capital investment in financial, automobile, chemicals, services, consumer durables, FMCG, and textiles. The top holdings of Axis Midcap Fund are Gruh Finance, Sundaram Finance, Page Industries, P&G Hygiene & Health Care, City Union Bank, and Supreme Industries, which have a superior management team and potential to grow extremely higher with the market rise.
So now you must have understood that Axis Mid Cap Fund holds a high-yielding portfolio and has the potential to create wealth over time. You too must buy this scheme for your portfolio to fulfil your goals successfully.
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