Axis Midcap Fund vs SBI MIDCAP FUND
Axis Midcap Fund and SBI MIDCAP FUND are both Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +17.37% vs +10.13%, 5-year CAGR +12.51% vs +11.53%, volatility 16.25% vs 16.18%, maximum drawdown −29.36% vs −43.05%. Their portfolios overlap by 25.1% (22 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 | SBI MIDCAP | |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹142.5300 | ₹261.2443 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 2 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹33,528 Cr | ₹23,282 Cr |
| Securities held | 85 | 58 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| 1 month | +2.44% | −1.43% |
| 3 months | −0.60% | −5.30% |
| 6 months | +3.13% | −3.95% |
| 1 year | +6.03% | −0.47% |
| 3 years (CAGR) | +17.37% | +10.13% |
| 5 years (CAGR) | +12.51% | +11.53% |
| 7 years (CAGR) | +18.92% | +19.56% |
| 10 years (CAGR) | +17.76% | +13.69% |
| Since launch (CAGR) | +18.40% | +17.51% |
| SIP return (XIRR, 5 years) ⓘ | +14.48% | +9.57% |
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 | SBI MIDCAP | |
|---|---|---|
| 2026 (year to date) | +7.92% | −1.62% |
| 2025 | +2.04% | +1.20% |
| 2024 | +31.39% | +21.41% |
| 2023 | +31.00% | +35.67% |
| 2022 | −3.86% | +3.95% |
| 2021 | +41.78% | +53.63% |
Risk
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.25% | 16.18% |
| Downside volatility ⓘ | 11.05% | 11.55% |
| Sharpe ratio ⓘ | 0.67 | 0.23 |
| Sortino ratio ⓘ | 0.99 | 0.32 |
| Maximum drawdown ⓘ | −29.36% | −43.05% |
| Recovery from that fall | 5 months | 8 months |
| Current fall from peak | −2.32% | −6.50% |
| Rolling 1-year return: worst | −15.48% | −31.74% |
| Rolling 1-year return: median | +16.36% | +15.35% |
| Rolling 1-year return: best | +102.67% | +117.47% |
| Share of 1-year periods with a loss | 12.75% | 16.88% |
Against each fund's benchmark
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| Beta ⓘ | 0.85 | 0.85 |
| Alpha (Jensen's, annualised) ⓘ | +2.23% | −4.37% |
| R² ⓘ | 90.26 | 91.65 |
| Upside capture | 91.32% | 77.82% |
| Downside capture | 78.36% | 90.72% |
| Tracking error | 5.82% | 5.45% |
| Information ratio | 0.24 | -1.09 |
| Treynor ratio | 11.33 | 2.75 |
Portfolio
Asset mix
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| Equity | 90.23% | 97.04% |
| Cash & equivalents | 2.36% | 2.19% |
| Mutual Fund Units | 0.93% | 0.00% |
| Debt | 0.00% | 0.77% |
Market-cap split (share of fund assets)
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| Large Cap | 17.21% | 12.37% |
| Mid Cap | 65.35% | 67.09% |
| Small Cap | 5.33% | 17.58% |
| Unclassified | 2.34% | 0.00% |
Concentration
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| Top 10 holdings | 25.78% | 28.27% |
| Effective number of stocks ⓘ | 68.8 | 50.2 |
| Securities held | 85 | 58 |
Portfolio overlap: 25.1%
22 companies are held by both funds; by weight, 25.1% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Axis Midcap | SBI MIDCAP |
|---|---|---|
| The Federal Bank Limited | 3.98% | 2.45% |
| Bharat Heavy Electricals Limited | 1.94% | 2.68% |
| Bharat Forge Limited | 1.88% | 2.23% |
| FSN E-Commerce Ventures Limited | 1.68% | 2.47% |
| The Phoenix Mills Limited | 2.29% | 1.66% |
| Multi Commodity Exchange of India Limited | 1.62% | 3.12% |
| Solar Industries India Limited | 1.86% | 1.52% |
| Schaeffler India Ltd. | 1.52% | 1.51% |
| Torrent Power Ltd. | 1.18% | 3.48% |
| JK Cement Limited | 1.10% | 1.09% |
| ICICI Lombard General Insurance Company Limited | 1.04% | 2.73% |
| SRF Ltd. | 1.03% | 2.87% |
| One 97 Communications Limited | 1.01% | 0.99% |
| Supreme Industries Limited | 0.97% | 2.96% |
| Page Industries Limited | 0.91% | 1.65% |
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%
SBI MIDCAP
- Torrent Power Ltd.3.48%
- Multi Commodity Exchange of India Limited3.12%
- Supreme Industries Limited2.96%
- CRISIL Limited2.87%
- SRF Ltd.2.87%
- ICICI Lombard General Insurance Company Limited2.73%
- Bharat Heavy Electricals Limited2.68%
- Sundaram Finance Limited2.61%
- Biocon Ltd.2.48%
- FSN E-Commerce Ventures Limited2.47%
Sector exposure
| Axis Midcap | SBI MIDCAP | |
|---|---|---|
| Auto Components | 10.08% | 7.49% |
| Electrical Equipment | 9.65% | 5.87% |
| Retailing | 9.49% | 6.75% |
| Pharmaceuticals & Biotechnology | 7.22% | 9.48% |
| Finance | 3.89% | 8.44% |
| Industrial Products | 2.96% | 7.85% |
| Banks | 7.70% | 2.45% |
| Power | 1.18% | 6.18% |
| Insurance | 1.04% | 6.09% |
| Capital Markets | 3.34% | 5.81% |
| Cement & Cement Products | 1.10% | 5.43% |
| Chemicals & Petrochemicals | 3.71% | 4.39% |
| Realty | 2.29% | 3.71% |
| Healthcare Services | 3.34% | 0.84% |
Questions people ask
What is the difference between Axis Midcap and SBI MIDCAP returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +6.03% vs −0.47%; 3-year CAGR +17.37% vs +10.13%; 5-year CAGR +12.51% vs +11.53%; 10-year CAGR +17.76% vs +13.69%. Past returns do not indicate future returns.
How do Axis Midcap and SBI MIDCAP compare on risk?
Volatility (36 monthly returns, annualised) 16.25% vs 16.18%; Sharpe ratio 0.67 vs 0.23; Sortino ratio 0.99 vs 0.32; maximum drawdown −29.36% vs −43.05%; beta 0.85 vs 0.85.
How much do Axis Midcap and SBI MIDCAP overlap?
By weight, 25.1% of the two portfolios is invested in the same companies; 22 stocks are held by both, the largest shared positions being The Federal Bank Limited, Bharat Heavy Electricals Limited, Bharat Forge 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 SBI MIDCAP?
Axis Midcap: large cap 17.2%, mid cap 65.4%, small cap 5.3%. SBI MIDCAP: large cap 12.4%, mid cap 67.1%, small cap 17.6% (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.
More comparisons
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.