Axis Midcap Fund vs Helios Mid Cap Fund
Axis Midcap Fund and Helios Mid Cap Fund are both Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +17.37% vs —, 5-year CAGR +12.51% vs —, volatility 16.25% vs 18.67%, maximum drawdown −29.36% vs −16.74%. Their portfolios overlap by 33.9% (27 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Fund house | Axis Mutual Fund | Helios Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹142.5300 | ₹14.0300 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 17 Mar 2025 |
| Track record | 13.8 yrs | 1.6 yrs |
| Fund size (AUM) | ₹33,528 Cr | ₹2,348 Cr |
| Securities held | 85 | 75 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| 1 month | +2.44% | +2.11% |
| 3 months | −0.60% | −0.57% |
| 6 months | +3.13% | +6.05% |
| 1 year | +6.03% | +7.43% |
| 3 years (CAGR) | +17.37% | — |
| 5 years (CAGR) | +12.51% | — |
| 7 years (CAGR) | +18.92% | — |
| 10 years (CAGR) | +17.76% | — |
| Since launch (CAGR) | +18.40% | +22.53% |
| SIP return (XIRR, 5 years) ⓘ | +14.48% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| 2026 (year to date) | +7.92% | +9.01% |
| 2025 | +2.04% | — |
| 2024 | +31.39% | — |
| 2023 | +31.00% | — |
| 2022 | −3.86% | — |
| 2021 | +41.78% | — |
Risk
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.25% | 18.67% |
| Downside volatility ⓘ | 11.05% | 11.13% |
| Sharpe ratio ⓘ | 0.67 | 0.86 |
| Sortino ratio ⓘ | 0.99 | 1.44 |
| Maximum drawdown ⓘ | −29.36% | −16.74% |
| Recovery from that fall | 5 months | 1 months |
| Current fall from peak | −2.32% | −2.70% |
| Rolling 1-year return: worst | −15.48% | −1.63% |
| Rolling 1-year return: median | +16.36% | +14.96% |
| Rolling 1-year return: best | +102.67% | +24.58% |
| Share of 1-year periods with a loss | 12.75% | 1.26% |
Against each fund's benchmark
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Beta ⓘ | 0.85 | 0.98 |
| Alpha (Jensen's, annualised) ⓘ | +2.23% | +7.25% |
| R² ⓘ | 90.26 | 87.05 |
| Upside capture | 91.32% | 118.58% |
| Downside capture | 78.36% | 89.23% |
| Tracking error | 5.82% | 6.77% |
| Information ratio | 0.24 | 1.16 |
| Treynor ratio | 11.33 | 10.40 |
Portfolio
Asset mix
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Equity | 90.23% | 97.86% |
| Cash & equivalents | 2.36% | 2.14% |
| Mutual Fund Units | 0.93% | 0.00% |
Market-cap split (share of fund assets)
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Large Cap | 17.21% | 3.13% |
| Mid Cap | 65.35% | 63.96% |
| Small Cap | 5.33% | 28.06% |
| Unclassified | 2.34% | 2.71% |
Concentration
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Top 10 holdings | 25.78% | 24.49% |
| Effective number of stocks ⓘ | 68.8 | 62.6 |
| Securities held | 85 | 75 |
Portfolio overlap: 33.9%
27 companies are held by both funds; by weight, 33.9% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Axis Midcap | Helios Mid Cap |
|---|---|---|
| Apar Industries Limited | 2.84% | 2.75% |
| Sona BLW Precision Forgings Limited | 2.69% | 2.38% |
| The Phoenix Mills Limited | 2.29% | 2.58% |
| Fortis Healthcare Limited | 2.61% | 1.96% |
| The Indian Hotels Company Limited | 2.38% | 1.73% |
| Multi Commodity Exchange of India Limited | 1.62% | 1.94% |
| Marico Limited | 1.58% | 1.85% |
| Radico Khaitan Limited | 1.79% | 1.57% |
| UNO Minda Limited | 1.55% | 2.00% |
| Schaeffler India Ltd. | 1.52% | 1.91% |
| Coforge Limited | 1.52% | 2.68% |
| GE Vernova T&D India Limited | 2.41% | 1.42% |
| Ather Energy Limited | 1.13% | 1.65% |
| PB Fintech Limited | 1.44% | 1.06% |
| Vishal Mega Mart Limited | 1.04% | 1.06% |
Top 10 holdings
Axis Midcap
- The Federal Bank Limited3.98%
- Apar Industries Limited2.84%
- Sona BLW Precision Forgings Limited2.69%
- Fortis Healthcare Limited2.61%
- GE Vernova T&D India Limited2.41%
- The Indian Hotels Company Limited2.38%
- IPCA Laboratories Limited2.30%
- The Phoenix Mills Limited2.29%
- Lenskart Solutions Limited2.22%
- Eternal Limited2.06%
Helios Mid Cap
- One 97 Communications Limited3.45%
- Apar Industries Limited2.75%
- Coforge Limited2.68%
- The Phoenix Mills Limited2.58%
- Sona BLW Precision Forgings Limited2.38%
- Motilal Oswal Financial Services Ltd.2.20%
- Piramal Finance Limited2.19%
- Nippon Life India Asset Management Limited2.13%
- Aditya Birla Capital Limited2.13%
- UNO Minda Limited2.00%
Sector exposure
| Axis Midcap | Helios Mid Cap | |
|---|---|---|
| Auto Components | 10.08% | 11.01% |
| Capital Markets | 3.34% | 9.93% |
| Electrical Equipment | 9.65% | 5.97% |
| Retailing | 9.49% | 5.52% |
| Finance | 3.89% | 8.84% |
| Banks | 7.70% | 3.31% |
| Pharmaceuticals & Biotechnology | 7.22% | 6.45% |
| Financial Technology (Fintech) | 2.45% | 5.64% |
| Textiles & Apparels | 1.86% | 4.43% |
| Healthcare Services | 3.34% | 4.37% |
| Realty | 2.29% | 3.79% |
| Chemicals & Petrochemicals | 3.71% | 0.00% |
| Consumer Durables | 3.20% | 1.55% |
| Leisure Services | 2.38% | 2.98% |
Questions people ask
What is the difference between Axis Midcap and Helios Mid Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +6.03% vs +7.43%; 3-year CAGR +17.37% vs —; 5-year CAGR +12.51% vs —; 10-year CAGR +17.76% vs —. Past returns do not indicate future returns.
How do Axis Midcap and Helios Mid Cap compare on risk?
Volatility (36 monthly returns, annualised) 16.25% vs 18.67%; Sharpe ratio 0.67 vs 0.86; Sortino ratio 0.99 vs 1.44; maximum drawdown −29.36% vs −16.74%; beta 0.85 vs 0.98.
How much do Axis Midcap and Helios Mid Cap overlap?
By weight, 33.9% of the two portfolios is invested in the same companies; 27 stocks are held by both, the largest shared positions being Apar Industries Limited, Sona BLW Precision Forgings Limited, The Phoenix Mills Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Midcap and Helios Mid Cap?
Axis Midcap: large cap 17.2%, mid cap 65.4%, small cap 5.3%. Helios Mid Cap: large cap 3.1%, mid cap 64.0%, small cap 28.1% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Axis Midcap vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.