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Mid Cap · Axis Mutual Fund · AMFI code 114564Axis Midcap Fund
Disclosed for 8 months, Jan 2026 to Sep 2026.
Portfolio value
₹33,528 Cr
down ₹1,897 Cr vs Aug 2026
- Stocks held
- 84
- down 4 vs Aug 2026
- Top 10 weight
- 25.8%
- of the portfolio in its ten largest
- Cash & debt
- 8.8%
- cash, money market and debt
- Moves this month
- 2 in · 6 out
- added to 10, trimmed 62
Axis Midcap Fund is an active equity fund in the Mid Cap category from Axis Mutual Fund. In September 2026 it disclosed 84 stocks worth ₹33,528 Cr, down ₹1,897 Cr from Aug 2026. Its largest positions were The Federal Bank Limited (4.0%), Apar Industries Limited (2.8%), Sona BLW Precision Forgings Limited (2.7%); the ten largest together made up 25.8% of the portfolio, and Electrical Equipment was the biggest sector at 10.7% of its equity. Cash and debt stood at 8.8%. Compared with Aug 2026 the fund entered 2 new stocks and exited 6.
Against 32 other Mid Cap funds
Concentration
41%
Top-10 weight is higher than 41% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
94%
Holds more cash than 94% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 8.81%
- Δ weight
- up 2.50 pts
- Value
- ₹2,955 Cr
- Δ value
- up ₹717 Cr
- Status
- Added
- Weight
- 3.98%
- Δ weight
- down 0.42 pts
- Value
- ₹1,334 Cr
- Δ value
- down ₹226 Cr
- Status
- Trimmed
- Weight
- 2.84%
- Δ weight
- up 0.10 pts
- Value
- ₹951 Cr
- Δ value
- down ₹17.4 Cr
- Status
- Trimmed
- Weight
- 2.69%
- Δ weight
- down 0.02 pts
- Value
- ₹902 Cr
- Δ value
- down ₹58 Cr
- Status
- Trimmed
- Weight
- 2.61%
- Δ weight
- down 0.59 pts
- Value
- ₹876 Cr
- Δ value
- down ₹260 Cr
- Status
- Trimmed
- Weight
- 2.41%
- Δ weight
- up 0.06 pts
- Value
- ₹807 Cr
- Δ value
- down ₹25.5 Cr
- Status
- Trimmed
- Weight
- 2.38%
- Δ weight
- up 0.10 pts
- Value
- ₹798 Cr
- Δ value
- down ₹10.1 Cr
- Status
- Trimmed
- Weight
- 2.30%
- Δ weight
- up 0.07 pts
- Value
- ₹772 Cr
- Δ value
- down ₹19.2 Cr
- Status
- Trimmed
- Weight
- 2.29%
- Δ weight
- up 0.16 pts
- Value
- ₹769 Cr
- Δ value
- up ₹13.9 Cr
- Status
- Added
- Weight
- 2.22%
- Δ weight
- up 0.19 pts
- Value
- ₹745 Cr
- Δ value
- up ₹24.6 Cr
- Status
- Added
- Weight
- 2.06%
- Δ weight
- up 0.06 pts
- Value
- ₹691 Cr
- Δ value
- down ₹17.5 Cr
- Status
- Trimmed
- Weight
- 1.94%
- Δ weight
- down 0.02 pts
- Value
- ₹650 Cr
- Δ value
- down ₹42.5 Cr
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- down 0.06 pts
- Value
- ₹631 Cr
- Δ value
- down ₹58.6 Cr
- Status
- Trimmed
- Weight
- 1.86%
- Δ weight
- up 0.06 pts
- Value
- ₹622 Cr
- Δ value
- down ₹12.9 Cr
- Status
- Trimmed
- Weight
- 1.79%
- Δ weight
- up 0.08 pts
- Value
- ₹600 Cr
- Δ value
- down ₹5.7 Cr
- Status
- Trimmed
- Weight
- 1.71%
- Δ weight
- down 0.07 pts
- Value
- ₹575 Cr
- Δ value
- down ₹57.6 Cr
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- down 0.06 pts
- Value
- ₹565 Cr
- Δ value
- down ₹52.2 Cr
- Status
- Trimmed
- Weight
- 1.67%
- Δ weight
- down 0.03 pts
- Value
- ₹560 Cr
- Δ value
- down ₹40.6 Cr
- Status
- Trimmed
- Weight
- 1.62%
- Δ weight
- up 0.36 pts
- Value
- ₹544 Cr
- Δ value
- up ₹95.4 Cr
- Status
- Added
- Weight
- 1.58%
- Δ weight
- up 0.22 pts
- Value
- ₹531 Cr
- Δ value
- up ₹47 Cr
- Status
- Added
- Weight
- 1.57%
- Δ weight
- up 0.04 pts
- Value
- ₹525 Cr
- Δ value
- down ₹14.8 Cr
- Status
- Trimmed
- Weight
- 1.55%
- Δ weight
- down 0.05 pts
- Value
- ₹518 Cr
- Δ value
- down ₹47 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- up 0.10 pts
- Value
- ₹511 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 1.52%
- Δ weight
- up 0.04 pts
- Value
- ₹509 Cr
- Δ value
- down ₹15.4 Cr
- Status
- Trimmed
- Weight
- 1.44%
- Δ weight
- down 0.89 pts
- Value
- ₹481 Cr
- Δ value
- down ₹342 Cr
- Status
- Trimmed
- Weight
- 1.37%
- Δ weight
- up 0.03 pts
- Value
- ₹461 Cr
- Δ value
- down ₹14.8 Cr
- Status
- Trimmed
- Weight
- 1.35%
- Δ weight
- down 0.03 pts
- Value
- ₹454 Cr
- Δ value
- down ₹35.7 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- down 0.17 pts
- Value
- ₹451 Cr
- Δ value
- down ₹86.1 Cr
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- up 0.01 pts
- Value
- ₹413 Cr
- Δ value
- down ₹18.7 Cr
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- up 0.41 pts
- Value
- ₹412 Cr
- Δ value
- up ₹122 Cr
- Status
- Added
- Weight
- 1.18%
- Δ weight
- up 0.09 pts
- Value
- ₹395 Cr
- Δ value
- up ₹9.8 Cr
- Status
- Added
- Weight
- 1.13%
- Δ weight
- down 0.16 pts
- Value
- ₹380 Cr
- Δ value
- down ₹78 Cr
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- down 0.02 pts
- Value
- ₹376 Cr
- Δ value
- down ₹28.9 Cr
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- up 0.11 pts
- Value
- ₹370 Cr
- Δ value
- up ₹17.4 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.17 pts
- Value
- ₹370 Cr
- Δ value
- down ₹81.1 Cr
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- down 0.19 pts
- Value
- ₹357 Cr
- Δ value
- down ₹87.1 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- down 0.04 pts
- Value
- ₹348 Cr
- Δ value
- down ₹33.3 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 0.07 pts
- Value
- ₹348 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.11 pts
- Value
- ₹345 Cr
- Δ value
- up ₹19.1 Cr
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.02 pts
- Value
- ₹344 Cr
- Δ value
- down ₹12.2 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.16 pts
- Value
- ₹339 Cr
- Δ value
- down ₹74.8 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.15 pts
- Value
- ₹334 Cr
- Δ value
- up ₹34.2 Cr
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.11 pts
- Value
- ₹326 Cr
- Δ value
- down ₹58.5 Cr
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- up 0.02 pts
- Value
- ₹325 Cr
- Δ value
- down ₹10.2 Cr
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.01 pts
- Value
- ₹319 Cr
- Δ value
- down ₹21.5 Cr
- Status
- Trimmed
- Axis Money Market Fund - Direct Plan - Growth OptionFund units
- Weight
- 0.93%
- Δ weight
- up 0.05 pts
- Value
- ₹313 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 0.91%
- Δ weight
- up 0.06 pts
- Value
- ₹305 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 0.91%
- Δ weight
- down 0.02 pts
- Value
- ₹304 Cr
- Δ value
- down ₹25.8 Cr
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.01 pts
- Value
- ₹293 Cr
- Δ value
- down ₹21.2 Cr
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- up 0.05 pts
- Value
- ₹289 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 0.78%
- Δ weight
- up 0.69 pts
- Value
- ₹261 Cr
- Δ value
- up ₹229 Cr
- Status
- Added
- Weight
- 0.77%
- Δ weight
- down 0.03 pts
- Value
- ₹257 Cr
- Δ value
- down ₹24.5 Cr
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- up 0.13 pts
- Value
- ₹242 Cr
- Δ value
- up ₹31.4 Cr
- Status
- Added
- Weight
- 0.72%
- Δ weight
- up <0.01 pts
- Value
- ₹241 Cr
- Δ value
- down ₹13.4 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- down 0.26 pts
- Value
- ₹237 Cr
- Δ value
- down ₹107 Cr
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- up 0.01 pts
- Value
- ₹233 Cr
- Δ value
- down ₹10.3 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- down 0.04 pts
- Value
- ₹221 Cr
- Δ value
- down ₹28 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- up 0.01 pts
- Value
- ₹219 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- up <0.01 pts
- Value
- ₹214 Cr
- Δ value
- down ₹10.4 Cr
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- up 0.01 pts
- Value
- ₹182 Cr
- Δ value
- down ₹6.6 Cr
- Status
- Trimmed
- Weight
- 0.53%
- Δ weight
- up 0.05 pts
- Value
- ₹177 Cr
- Δ value
- up ₹6.3 Cr
- Status
- Added
- Weight
- 0.50%
- Δ weight
- up 0.01 pts
- Value
- ₹167 Cr
- Δ value
- down ₹4.3 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- down 0.04 pts
- Value
- ₹164 Cr
- Δ value
- down ₹24 Cr
- Status
- Trimmed
- Weight
- 0.48%
- Δ weight
- up 0.13 pts
- Value
- ₹162 Cr
- Δ value
- up ₹37.8 Cr
- Status
- Added
- Weight
- 0.47%
- Δ weight
- down 0.01 pts
- Value
- ₹159 Cr
- Δ value
- down ₹13.4 Cr
- Status
- Trimmed
- Weight
- 0.47%
- Δ weight
- up 0.01 pts
- Value
- ₹159 Cr
- Δ value
- down ₹6.4 Cr
- Status
- Trimmed
- Weight
- 0.46%
- Δ weight
- up 0.03 pts
- Value
- ₹155 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 0.44%
- Δ weight
- up 0.01 pts
- Value
- ₹147 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- down 0.11 pts
- Value
- ₹142 Cr
- Δ value
- down ₹45.7 Cr
- Status
- Trimmed
- Weight
- 0.38%
- Δ weight
- down 0.15 pts
- Value
- ₹129 Cr
- Δ value
- down ₹61.5 Cr
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- down 0.12 pts
- Value
- ₹124 Cr
- Δ value
- down ₹50.8 Cr
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- up 0.16 pts
- Value
- ₹121 Cr
- Δ value
- up ₹49.4 Cr
- Status
- Added
- Weight
- 0.32%
- Δ weight
- down 0.03 pts
- Value
- ₹108 Cr
- Δ value
- down ₹17.6 Cr
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- down 0.13 pts
- Value
- ₹97.2 Cr
- Δ value
- down ₹51 Cr
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- down 0.10 pts
- Value
- ₹95.2 Cr
- Δ value
- down ₹40.1 Cr
- Status
- Trimmed
- Weight
- 0.27%
- Δ weight
- down 0.02 pts
- Value
- ₹91.8 Cr
- Δ value
- down ₹13.6 Cr
- Status
- Trimmed
- Weight
- 0.27%
- Δ weight
- down 0.20 pts
- Value
- ₹89.3 Cr
- Δ value
- down ₹74.9 Cr
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- up 0.01 pts
- Value
- ₹86.2 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- up 0.02 pts
- Value
- ₹83.2 Cr
- Δ value
- up ₹96 L
- Status
- Added
- Weight
- 0.23%
- Δ weight
- down 0.02 pts
- Value
- ₹77.2 Cr
- Δ value
- down ₹9.8 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.23 pts
- Value
- ₹74.7 Cr
- Δ value
- down ₹85.7 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.02 pts
- Value
- ₹72.2 Cr
- Δ value
- down ₹10.2 Cr
- Status
- Trimmed
- Weight
- 0.17%
- Δ weight
- up 0.17 pts
- Value
- ₹56.9 Cr
- Δ value
- up ₹56.9 Cr
- Status
- New
- DDB DEWAN HSG FINANCE CORPORATION LTDPiramal Finance Limited · history in this fund
- Weight
- 0.15%
- Δ weight
- up <0.01 pts
- Value
- ₹49.5 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.11%
- Δ weight
- up 0.11 pts
- Value
- ₹37.5 Cr
- Δ value
- up ₹37.5 Cr
- Status
- New
- Weight
- 0.02%
- Δ weight
- down 0.02 pts
- Value
- ₹5.8 Cr
- Δ value
- down ₹8.4 Cr
- Status
- Trimmed
What changed, Aug 2026 to Sep 2026
New New positions (2)
- Aditya Infotech Limited0.2% · ₹56.9 Cr
- RBL Bank Limited0.1% · ₹37.5 Cr
Exited Exited (6)
- Shriram Transport Finance Company Limitedwas 1.0% · ₹338 Cr
- KEI Industries Limitedwas 0.4% · ₹139 Cr
- Bharat Electronics Limitedwas 0.4% · ₹135 Cr
- Tata Communications Limitedwas 0.2% · ₹87.5 Cr
- Ashok Leyland Limitedwas 0.1% · ₹24.5 Cr
- Prestige Estates Projects Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Pharmaceuticals & Biotechnology (+1.3 pts) and Industrial Manufacturing (+0.7 pts), and fell most in Finance (−1.5 pts) and Financial Technology (fintech) (−1.1 pts).
- Pharmaceuticals & Biotechnology6.7% → 8.0%+1.3 pts
- Industrial Manufacturing0.9% → 1.5%+0.7 pts
- Capital Markets3.1% → 3.7%+0.6 pts
- Chemicals & Petrochemicals3.7% → 4.1%+0.4 pts
- Agricultural Food & Other Products1.5% → 1.8%+0.3 pts
- Electrical Equipment10.4% → 10.7%+0.3 pts
- Finance5.8% → 4.3%−1.5 pts
- Financial Technology (fintech)3.8% → 2.7%−1.1 pts
- Healthcare Services4.2% → 3.7%−0.5 pts
- Banks9.0% → 8.5%−0.5 pts
- Aerospace & Defense0.4% → 0.0%exited−0.4 pts
- Industrial Products5.7% → 5.4%−0.4 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Electrical Equipment | 10.7% | 12.0% | 10.4% | 10.7% |
| Retailing | 5.5% | 6.6% | 10.3% | 10.5% |
| Auto Components | 8.0% | 8.8% | 8.9% | 9.1% |
| Banks | 7.7% | 8.0% | 9.0% | 8.5% |
| Pharmaceuticals & Biotechnology | 8.6% | 7.4% | 6.7% | 8.0% |
| Industrial Products | 6.7% | 7.1% | 5.7% | 5.4% |
| Finance | 4.8% | 4.8% | 5.8% | 4.3% |
| Chemicals & Petrochemicals | 4.0% | 4.4% | 3.7% | 4.1% |
| Healthcare Services | 3.9% | 4.1% | 4.2% | 3.7% |
| Capital Markets | 5.7% | 4.4% | 3.1% | 3.7% |
Allocation in Sep 2026change vs Aug 2026
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
8.8%
▲ 2.5 pts vs Aug 2026
- Cash alone
- 8.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.1% – 12.8%
- lowest to highest · record 12.8% in Jan 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.