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In this video we have reviewed the Axis Midcap Fund 2020. The Axis Midcap Fund has been one of the most consistent performers till July 2020. The fund has a total AUM of Rs. 5,511 crores as on 30th June 2020. The expense ratio for a regular fund is 2.05%. The fund NAV was at Rs. 37.53. The fund was incepted in February 2011. It has delivered a return of 15.36% since inception. The 1 year returns for Axis Midcap Fund are at 10.61%, while the 5-year returns are at 7.30%. Minimum investment amount in case of a lumpsum is Rs. 5,000. For SIP investments the minimum amount is Rs. 500. There is no maximum limit on the investment. There is an exit load on redemption of units in the 1st year. The exit load is 1% for more than 10% of the units sold. There is no load on units sold after 1 year. Axis Midcap Fund is suitable for investors who have a high risk appetite and are looking to invest for the long term.
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