DebtMedium Duration FundDirectGrowthModerate

Axis Medium Term Fund

Q: What is the NAV of Axis Medium Term Fund?

As of 01 Oct 2026, the NAV of Axis Medium Term Fund is ₹33.33 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Medium Term Fund delivered?

Axis Medium Term Fund has returned +6.25% over 1 year, +8.28% per year over 3 years, +7.27% per year over 5 years and +8.51% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Axis Medium Term Fund?

Axis Medium Term Fund charges an expense ratio of 0.71% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Axis Medium Term Fund?

Axis Medium Term Fund's largest holdings are 6.94% Government of India (11/05/2036) (11.0%), Jubilant Beverages Limited (31/05/2028) (ZCB) (3.4%), 8.58% GMR Hyderabad International Airport Limited (28/03/2034) (3.1%), 7.18% Tamilnadu State Development Loans (03/12/2033) (3.0%) and Jubilant Bevco Limited (31/05/2028) (ZCB) (2.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Medium Term Fund?

Axis Medium Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -7.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.48 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Medium Term Fund's 1.48 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Axis Medium Term Fund?

Axis Medium Term Fund is benchmarked against the NIFTY Medium Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Medium Term Fund?

Axis Medium Term Fund is managed by Devang Shah, Akhil Thakker and Sachin Jain at Axis.

Q: How is Axis Medium Term Fund taxed?

Axis Medium Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Axis Mutual Fund · Best Medium Duration Mutual Funds

NAV

₹33.33

-0.06% 1D

as of 01 Oct 2026

This is the Direct plan of Axis Medium Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

NAV history

+6.39%CAGR

52-week rangePrev NAV ₹33.35

Latest ₹33.33

Low ₹31.3796th percentile of its 52-week rangeHigh ₹33.41

Scorecard

★★★★☆4/5 vs 12 Medium Duration Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Medium Duration Fund (same plan and option).

PerformanceStrong

3Y CAGR +8.28% · ranks 4 of 12 Medium Duration Funds

RiskLow

Volatility 1.2% vs 1.4% category avg

CostAverage

0.7% expense vs 0.7% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+6.25%) beats the Medium Duration Fund average (+5.52%)
3-year return (+8.28%) beats the Medium Duration Fund average (+7.72%)
Stronger risk-adjusted returns — Sharpe 1.48 vs 0.82 Medium Duration Fund average
Less volatile than its Medium Duration Fund peers (1.2% vs 1.4%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.71%

Category 0.69%▲0.02%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

1.48

Category 0.82▲0.66

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NIFTY Medium Duration Debt Index A-III

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

08 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.04%

Absolute return over the last 3 months (not annualized)

+0.69%

Absolute return over the last 6 months (not annualized)

+3.75%

Absolute return since 1 Jan of this year (not annualized)

+4.50%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.25%

3-year annualized return (CAGR)

+8.28%

5-year annualized return (CAGR)

+7.27%

10-year annualized return (CAGR)

+7.79%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.51%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.20%

Excess return per unit of total volatility (rf = 6.5%)

1.48

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

2.19

Largest peak-to-trough decline over full history

-7.33%

Benchmark ratios

Not shown for Medium Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Medium Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.04%	-0.11%	+0.15%
3M abs	+0.69%	+0.43%	+0.26%
6M abs	+3.75%	+3.44%	+0.31%
1Y CAGR	+6.25%	+5.52%	+0.73%
3Y CAGR	+8.28%	+7.72%	+0.56%
5Y CAGR	+7.27%	+6.95%	+0.32%

Category average across peers in Medium Duration Fund (up to 11 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 11 peers in Medium Duration Fund

1Y return

+6.25%

Beats 72.7% · rank #4

3Y return

+8.28%

Beats 72.7% · rank #4

5Y return

+7.27%

Beats 70% · rank #4

Sharpe

1.48

Beats 72.7% · rank #4

Sortino

2.19

Beats 72.7% · rank #4

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.26L

Absolute

+21.03%

XIRR

+7.81%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis Medium Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+4.50%
2025	+8.91%
2024	+9.39%
2023	+8.04%
2022	+4.52%
2021	+5.95%
2020	+11.28%
2019	+7.78%
2018	+7.40%
2017	+8.16%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,322

Expense ratio

0.71%

YTM (from holdings)

8.41%

Average maturity

4.44 years

Exit load

NIL

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Medium Duration Fund

Compare all


Axis Medium Term FundThis fund Axis · Direct · Growth	★★★★☆	+6.25%	+8.28%	+7.27%	—	0.71%	—
Aditya Birla Sun Life Medium Term Fund Aditya Birla Sun Life · Direct · Growth	★★★★★	+8.42%	+10.50%	+12.63%	—	0.83%	₹3,126Cr
Kotak Medium Term Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+6.26%	+8.85%	+7.32%	—	0.67%	₹1,821Cr
ICICI Prudential Medium Term Fund ICICI Prudential · Direct · Growth	★★★★★	+6.67%	+8.34%	+7.32%	—	0.73%	—
HDFC Medium Term Fund HDFC · Direct · Growth	★★★★☆	+6.17%	+7.78%	+6.71%	—	0.70%	—
SBI Medium Term Fund SBI · Direct · Growth	★★★☆☆	+6.22%	+7.66%	+6.75%	—	0.72%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt93.71%
Equity3.49%
Cash & Equivalents2.51%
Other0.30%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Jubilant Beverages Limited (31/05/2028) (ZCB)

3.43%

Jubilant Bevco Limited (31/05/2028) (ZCB)

2.91%

Aadhar Housing Fin FRN 3MTBIL+2.5% Aadhar Housing Finance Limited (03/08/2029) (FRN)

2.35%

JSW Kalinga Steel Limited (23/03/2029) (ZCB)

2.20%

Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN)

2.13%

Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028)

1.90%

JTPM Metal Traders Limited (29/09/2028) (ZCB)

1.79%

IndiGrid Infrastructure Trust

1.07%

Raajmarg Infra Investment Trust

1.01%

Capital Infra Trust

0.96%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Credit Risk Fund Axis · Credit Risk Fund	62.5% of 8% equity	★★★☆☆	0.82%	+8.71%
Axis Dynamic Term Fund Axis · Dynamic Bond	30.7% of 4% equity	★★★★★	0.34%	+7.34%
Edelweiss Nifty REITs & Realty Index Fund Edelweiss · Index Funds	7.7%	—	8.18%	—
PGIM India Equity Savings Fund PGIM India · Equity Savings	6.5% of 79% equity	★☆☆☆☆	1.11%	+6.15%
Axis Floating Interest Rates Fund Axis · Floating Interest Rates Fund	5.2% of 6% equity	★★★★☆	0.22%	+8.23%
Axis Multi Asset Allocation Fund Axis · Multi Asset Allocation	4.6% of 70% equity	★★☆☆☆	1.20%	+13.01%
Axis Equity Savings Fund Axis · Equity Savings	4.1% of 72% equity	★★★☆☆	1.56%	+8.85%
360 ONE Multi Asset Allocation Fund 360 One · Multi Asset Allocation	3.7% of 30% equity	★★★★★	0.58%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-7.3%27 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 20 Jan 2014 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

DSDevang ShahManaging since 05 Nov 2012

ATAkhil ThakkerStart date not disclosed

Experience

15 years, his last 10 years’ experience are as follows: • Axis Asset Management Company Ltd. (Credit Analyst - Fixed Income) • CRISIL Ltd. (Credit Risk Assessment) • CARE Ratings Ltd. (Credit Risk Assessment)

Funds managed (1)

Axis Credit Risk Fund

All schemes Akhil Thakker runs →

SJSachin JainStart date not disclosed

Role

Fund Manager – Fixed Income

Education

PGDM, B.TECH

Experience

Axis Asset Sep 4, 2020 Management - till date Company Ltd. (Fund Manager - Fixed Income) Axis Asset July 11, Management 2017 – Sep Company Ltd. 3, 2020 (Dealer - Fixed Income) Sundaram Asset June 3, Management 2013 – July Company Ltd. 10, 2017 (Trader – Fixed Income) ICAP Ltd. November 9, 2010 (Dealer – Fixed – Income) May 31, 2013 Sundhi Securities November 2, 2009 and Finance Ltd. – (Dealer – Fixed October 29, 2010 Income)

Funds managed (9)

All schemes Sachin Jain runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Devang Shah Sachin Jain

Top holdings

IndiGrid Infrastructure Trust Raajmarg Infra Investment Trust Capital Infra Trust Knowledge Realty Trust Citius Transnet Investment Trust Embassy Office Parks REIT Cube Highways Trust-InvIT Fund Indus Infra Trust

Axis in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Medium Duration funds

Medium duration funds run a Macaulay duration of 3 to 4 years. They carry real interest-rate sensitivity, so they suit a horizon of at least three years rather than a place to park cash.

Frequently asked questions

What is the NAV of Axis Medium Term Fund?

As of 01 Oct 2026, the NAV of Axis Medium Term Fund is ₹33.33 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Medium Term Fund delivered?

Axis Medium Term Fund has returned +6.25% over 1 year, +8.28% per year over 3 years, +7.27% per year over 5 years and +8.51% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Axis Medium Term Fund?

Axis Medium Term Fund charges an expense ratio of 0.71% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Axis Medium Term Fund?

Axis Medium Term Fund's largest holdings are 6.94% Government of India (11/05/2036) (11.0%), Jubilant Beverages Limited (31/05/2028) (ZCB) (3.4%), 8.58% GMR Hyderabad International Airport Limited (28/03/2034) (3.1%), 7.18% Tamilnadu State Development Loans (03/12/2033) (3.0%) and Jubilant Bevco Limited (31/05/2028) (ZCB) (2.9%). Holdings are disclosed monthly and change over time.

How risky is Axis Medium Term Fund?

Axis Medium Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -7.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 1.48 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Medium Term Fund's 1.48 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis Medium Term Fund?

Axis Medium Term Fund is benchmarked against the NIFTY Medium Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Who manages Axis Medium Term Fund?

Axis Medium Term Fund is managed by Devang Shah, Akhil Thakker and Sachin Jain at Axis.

How is Axis Medium Term Fund taxed?

Axis Medium Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.