GMP IPO Watch
Debt Scheme - Medium Duration Fund
Axis Medium Term Fund
Direct Plan · Quarterly IDCW Option · Axis Mutual Fund
Risk: Moderately High Risk
52W Low ₹10.23 23 Oct 2026
52W High ₹10.61 26 Dec 2025
₹10.3062
NAV as of 4 Nov 2026
+0.22% day change
Other Plans of This Fund
ISININF846K01DW4
Scheme Code120476
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹6.14 Cr
Expense Ratio (as of 3 Nov 2026)0.71%
Min. Investment5000/- & in multiple of Re. 1/- thereafter
Inception Date9 Mar 2012
BenchmarkNIFTY Medium Duration Debt Index A-III
Portfolio Turnover262.48%
NFO Period09 Mar 2012 – 21 Mar 2012
Returns
1Y
-2.07%
3Y
+0.24%
5Y
-0.29%
7Y
-0.47%
10Y
-0.82%
Since Inception
-0.04%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.61% | +0.63% | 9 of 13 |
| 1M | +0.31% | +0.20% | 4 of 13 |
| 3M | -1.42% | +0.02% | 4 of 13 |
| 6M | -0.61% | +2.19% | 6 of 13 |
| YTD | -1.08% | +2.62% | 4 of 13 |
| 1Y | -2.07% | +3.14% | 4 of 13 |
| 2Y | -0.40% | +4.79% | 6 of 13 |
| 3Y | +0.24% | +5.41% | 6 of 13 |
| 5Y | -0.29% | +4.83% | 4 of 12 |
| 7Y | -0.47% | +4.87% | 4 of 11 |
| 10Y | -0.82% | +4.60% | 5 of 11 |
| INCEPTION | -0.04% | — | — |
Ranked among: Debt Scheme - Medium Duration Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +0.02% | +5.50% | -8.78% | 49% | 19% |
| 6M | +0.02% | +6.79% | -6.46% | 47% | 19% |
| 1Y | +0.16% | +9.30% | -5.85% | 48% | 19% |
| 2Y | +0.02% | +6.37% | -3.87% | 49% | 19% |
| 3Y | -0.18% | +4.75% | -2.55% | 35% | 14% |
| 5Y | -0.46% | +2.17% | -2.10% | 18% | 7% |
| 7Y | -0.48% | +1.48% | -1.57% | 20% | 8% |
| 10Y | -0.29% | +0.59% | -0.89% | 15% | 6% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity3.73%
- Debt95.26%
- Cash1.01%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.31%
- Small Cap3.42%
- Others96.27%
Holdings78
Top 5 Stocks3.61%
Top 10 Stocks3.73%
Top 3 Sectors3.42%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| GOI LOAN 6.94% 2036 | Debt | 8.85% | -2.15% |
| Jubilant Beverages Limited (31/05/2028) (ZCB) ** | Debt | 3.69% | +0.26% |
| 8.58% GMR Hyderabad International Airport Limited (28/03/2034) ** | Debt | 3.29% | +0.16% |
| SDL TN 7.18% 2033 | Debt | 3.14% | +0.17% |
| Jubilant Bevco Limited (31/05/2028) (ZCB) | Debt | 3.14% | +0.23% |
| 8% Adani Power Limited (27/01/2028) ** | Debt | 3.03% | +0.21% |
| 9.5% Delhi International Airport Limited (22/03/2034) ** | Debt | 2.84% | +0.18% |
| 8.8% Aditya Birla Digital Fashion Ventures Limited (26/08/2027) ** | Debt | 2.78% | +0.18% |
| 9.01% Hiranandani Financial Services Private Limited (30/03/2029) ** | Debt | 2.61% | +0.17% |
| 8.65% Aadhar Housing Finance Limited (20/08/2027) ** | Debt | 2.55% | +0.17% |
| Aadhar Housing Fin FRN 3MTBIL+2.5% Aadhar Housing Finance Limited (03/08/2029) (FRN) ** | Debt | 2.54% | +0.19% |
| 8.45% Adani Airport Holdings Limited (12/02/2029) ** | Debt | 2.51% | +0.17% |
| JSW Kalinga Steel Limited (23/03/2029) (ZCB) | Debt | 2.37% | +0.17% |
| CIFCL MARKET LKD 2029 | Debt | 2.28% | +0.15% |
| 9.40% Vedanta Aluminium Metal Limited (20/02/2027) | Debt | 2.19% | -0.66% |
View all 79 holdings
| 5% GMR Airports Limited (13/02/2027) ** | Debt | 2.15% | +0.15% |
| 7.96% Lodha Developers Limited (07/07/2028) ** | Debt | 2.13% | +0.14% |
| Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028) ** | Debt | 2.03% | +0.13% |
| 10.5% Navi Finserv Limited (01/06/2028) ** | Debt | 2.03% | — |
| 8.8% 360 One Prime Limited (22/06/2028) ** | Debt | 2.02% | +0.13% |
| 9.5% Kogta Financial (India) Limited (30/10/2027) ** | Debt | 2.01% | +0.13% |
| 690GOI65 | Debt | 1.96% | +0.11% |
| 5% GMR Airports Limited (13/08/2028) ** | Debt | 1.79% | +1.03% |
| 9.4% IndoStar Capital Finance Limited (18/06/2027) ** | Debt | 1.78% | +0.12% |
| 8.60% Aditya Birla Renewables Limited (24/09/2027) ** | Debt | 1.77% | +0.11% |
| 8.95% Aptus Finance India Private Limited (06/03/2029) ** | Debt | 1.59% | -0.04% |
| 9.4% IKF Finance Limited (12/08/2027) ** | Debt | 1.52% | +0.10% |
| JTPM Metal Traders Limited (29/09/2028) (ZCB) ** | Debt | 1.37% | -0.42% |
| 71GOI2034 | Debt | 1.37% | +0.07% |
| 8.3% Tata Projects Limited (07/01/2028) ** | Debt | 1.26% | +0.08% |
| 8.15% Godrej Industries Limited (22/11/2029) ** | Debt | 1.25% | +0.07% |
| GOI LOAN 6.28% 2032 | Debt | 1.22% | +0.06% |
| 6.94% Power Grid Corporation of India Limited (15/04/2035) ** | Debt | 1.20% | +0.06% |
| 9.5% Keystone Realtors Limited (29/09/2028) ** | Debt | 1.20% | -0.18% |
| GOI LOAN 6.68% 2040 | Debt | 1.20% | +0.06% |
| IndiGrid Infrastructure Trust | Power | 1.12% | +0.05% |
| Raajmarg Infra Investment Trust | Transport Infrastructure | 1.08% | +0.07% |
| Capital Infra Trust | Construction | 1.03% | +0.07% |
| 771GOI2066 | Debt | 1.01% | +0.05% |
| 9% IKF Finance Limited (12/09/2028) ** | Debt | 1.01% | +0.07% |
| 7.73% Embassy Office Parks REIT (14/12/2029) ** | Debt | 1.01% | +0.07% |
| Net Receivables / (Payables) | Net Current Assets | 1.01% | — |
| 8.85% Veritas Finance Private Limited (19/09/2029) ** | Debt | 1.00% | — |
| 7.55% L&T Metro Rail (Hyderabad) Limited (28/04/2035) ** | Debt | 0.98% | +0.05% |
| SST-7.80%-28-9-30-PTC | Debt | 0.92% | +0.04% |
| SST-7.73%-28-9-29-PTC | Debt | 0.92% | +0.05% |
| 8.65% TVS Holdings Limited (07/06/2029) ** | Debt | 0.76% | +0.05% |
| 8.11% Pilani Investment and Industries Corporation Limited (24/04/2029) ** | Debt | 0.75% | +0.05% |
| 7.80% Mahanagar Telephone Nigam Limited (07/11/2033) ** | Debt | 0.75% | +0.05% |
| RKST-7.66%-28-9-28-PTC | Debt | 0.58% | +0.03% |
| 9.31% Vedanta Limited (03/12/2027) ** | Debt | 0.51% | +0.03% |
| 726GOI2033 | Debt | 0.51% | +0.02% |
| SDL JH 7.86% 2034 | Debt | 0.51% | +0.03% |
| 9% Aditya Birla Digital Fashion Ventures Limited (20/07/2029) ** | Debt | 0.50% | +0.03% |
| NABARD-7.20%-21-10-31-PVT | Debt | 0.50% | -0.20% |
| 7.45% Altius Telecom Infrastructure Trust (20/04/2035) ** | Debt | 0.49% | +0.03% |
| 8.75% Aptus Value Housing Finance India Limited (11/03/2030) ** | Debt | 0.33% | +0.03% |
| SDL MH 7.44% 2034 | Debt | 0.32% | +0.02% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Debt | 0.32% | +0.02% |
| Knowledge Realty Trust | Realty | 0.25% | +0.03% |
| 757GOI2033 | Debt | 0.16% | +0.01% |
| GOI LOAN 6.48% 2035 | Debt | 0.15% | +0.01% |
| 734GOI2064 | Debt | 0.14% | +0.00% |
| Citius Transnet Investment Trust | Transport Infrastructure | 0.13% | +0.01% |
| 726GOI2032 | Debt | 0.10% | +0.00% |
| SDL KA 7.46% 2038 | Debt | 0.09% | +0.00% |
| 788CG2030 | Debt | 0.08% | +0.01% |
| Embassy Office Parks REIT | Realty | 0.06% | +0.01% |
| 8.49% National Highways Authority Of India (05/02/2029) ** | Debt | 0.06% | +0.00% |
| 71GOI2029 | Debt | 0.05% | +0.00% |
| 723GS2039 | Debt | 0.05% | +0.00% |
| Cube Highways Trust | Transport Infrastructure | 0.04% | +0.00% |
| 726GOI2029 | Debt | 0.03% | +0.01% |
| Indus Infra Trust | Transport Infrastructure | 0.02% | +0.00% |
| 579GOI2030 | Debt | 0.02% | +0.00% |
| 860GOI2028 | Debt | 0.02% | +0.00% |
| GOI LOAN 6.79% 2034 | Debt | 0.02% | +0.00% |
| 7.35% Embassy Office Parks REIT (05/04/2027) ** | Debt | 0.01% | — |
| 815GOI2026 | Debt | 0.00% | — |
Sector Allocation · Sep 2026
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 4.11 | 2.13 | High Volatility |
| 3Y | 4.03 | 2.15 | High Volatility |
| 5Y | 4.00 | 2.57 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -2.21 | -1.76 | Below Average |
| 3Y | -1.58 | -0.34 | Below Average |
| 5Y | -1.68 | -0.51 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.52 | 3.76 | Below Average |
| 3Y | 0.09 | 7.78 | Below Average |
| 5Y | -0.06 | 5.79 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.78 | 0.80 | Good Risk Adjusted Returns |
| 3Y | 0.80 | 0.85 | Good Risk Adjusted Returns |
| 5Y | 0.73 | 0.85 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Aditya Birla Sun Life Medium Term Fund
Regular Plan · GROWTH
|
+7.09% | +9.69% | +11.82% | +8.76% |
|
ICICI Prudential Medium Term Fund
Regular Plan · Growth
|
+5.46% | +7.58% | +6.61% | +7.58% |
|
Kotak Medium Term Fund
Direct Plan · Growth
|
+5.42% | +8.66% | +7.29% | +8.34% |
|
HDFC Medium Term Fund
Regular Plan · Growth Option
|
+4.99% | +7.06% | +6.03% | +7.88% |
|
SBI MEDIUM TERM FUND
Regular Plan · Growth
|
+4.97% | +7.00% | +6.17% | +7.53% |
|
HSBC Medium Term Fund
Direct Plan · Growth
|
+4.77% | +7.65% | — | +7.55% |
|
Nippon India Medium Term Fund (Existing Number of Segregated Portfolios - 1)
Regular Plan · Growth Option
|
+4.67% | +7.75% | +6.27% | +4.32% |
|
UTI Medium Term Fund
Regular Plan · Monthly IDCW
|
+3.12% | +6.02% | +5.19% | +2.82% |
|
Bandhan Medium Term Fund
Regular Plan · Monthly IDCW
|
-0.02% | +0.04% | +0.03% | +0.11% |
|
Sundaram Medium Term Fund (Formerly Known as Sundaram Medium Duration Fund)
Regular Plan · IDCW (Income Distribution CUM Capital Withdrawal)
|
-0.98% | +1.73% | +1.36% | +1.28% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.
Stated Asset Allocation
Debt and Money Market instruments - (100%),Units issued by InvITs - (0%-10%)
Exit Load
NIL
Fund Managers
Mr. Devang Shah, Mr. Akhil Thakker, Mr. Sachin Jain
Mr. Devang Shah - Comanage/Fixed Income, Mr. Akhil Thakker - Comanage/Fixed Income, Mr. Sachin Jain - Comanage/Fixed Income
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.