Gain Victory on Your Financial Aspiration by Investing in Axis Midcap Fund
When buying an investment, it is imperative to take some precautions. No doubt mutual funds are a great source of wealth building and can help you to achieve your goals, but all this doesn’t come very easily. You have to be very particular about your choices, and proceed with a systematic plan in order to achieve your goals.
Talking about best-performing funds, Axis Midcap Fund is one of the great choices available in the market. You can make high energy plans with this fund and can conquer big goals with a disciplined approach of investment.
Read this article to find out about the importance of Axis Midcap Fund in wealth building.
Axis Midcap Fund – The Biography
The Indian investing community is huge. There are millions of investors, particularly in the age group of 25-50 years. Thanks to the rigorous awareness programs launched by many AMCs, many people are now taking interest in making mutual funds. However, not everybody has the same requirements. Hence, diversity of options is a must to ensure a regular flow of money in the market.
Axis Midcap Fund – Regular Plan (G) was launched with an objective of providing a platform specifically designed for creating long range investments. Being a midcap fund in nature, it is most suited to aggressive investors, since the risks are slightly higher in these funds as compared to large cap funds. However, the higher risks doesn’t bar the conservative investors from investing in it. They can definitely use this option for the purpose of adding diversification to their portfolio, and make a strong financial plan to achieve their future endeavours.
The Attributes
The AUM
Axis Midcap Fund – Regular Plan (G) was launched in 2011. However, it has achieved enormous success in a short time span, which has placed it in the league of top-performing mutual funds in India. The fund accumulated an AUM of ₹2, 549 crore, thus becoming one of the fastest growing funds in the midcap segment. One of the main advantages of having such a huge AUM is that there are superb growth opportunities in the future for the investors, which can help them to attain maximum wealth creation.
The Fund Management
For a fund to be successful, it is imperative that the fund management is A-grade. Fortunately, the fund management team of Axis Midcap Fund Growth comprises of veteran fund manager Mr. Shreyash Devalkar, who is an Engineer and an MBA with over 4 years of experience in fund management. Prior to joining Axis Mutual Fund, he worked for many big asset management companies such as BNP Paribas Mutual Fund, IDFC Capital, and JP Morgan Services. Hence, you can be sure that your funds are in safe hands, and you won’t have to worry about their improper use.
The Past Score
The past performance of Axis Midcap Fund has been quite applaudable. In the last five years alone, it was able to grasp returns worth 12.46% every year. This yield is even higher than what was achieved by the benchmark and the peers, which stayed at 10.84% and 12.33%, respectively. As a result of these numbers, the fund is rated among the top midcap funds to invest in India, and stands at number 8th position in the category. Hence, it will be a great option for any investor that wants to make money through aggressive investing.
The Investment
Investing in Axis Midcap Fund is very convenient and approachable. With just ₹5000 in hand, you can subscribe to this fund and relish its benefits. The SIP plans start at ₹100, hence you can fix any budget and start an investment here to accomplish your financial goals. But make sure that you are planning for a long-term investment, as there is an exit load of 1% in case you are redeeming your funds within 365 days, in excess of 10% of the amount that you initially invested.
Axis Midcap Fund (Growth) is a superb investment option if you are looking for aggressive wealth building. Toss this fund in your portfolio and see your wealth growing to the next level. Don’t forget to keep your financial advisor posted for achieving best investment planning.