Axis Mid Cap fund has given a return of 17.89% in the last year and significantly outperformed its competitors. The table below shows some of the top performers in the mid cap category.
Fund Name | 1 Year Return |
Axis Midcap | 17.89% |
DSP Blackrock Midcap | 3.53% |
HDFC Midcap Opportunities | 5.66% |
Kotak Emerging Equity | 3.33% |
L&T Midcap | 2.69% |
Shreyash Devalkar was appointed the fund manager in late 2016, taking over from Ashish Naik. His changes to the fund holdings have resulted in a significant outperformance versus the peers. Few of his picks which have given returns of approximately 50-120% over the last year are Jubiliant Foodworks Ltd, Astral Polytechnic Ltd, Divi’s Laboratory Ltd, Bata India Ltd, Mphasis Ltd.
Shreyash Devalkar also manages the Axis Bluechip fund, which has also outperformed its competitors giving a return of 23.22% in the last year.
We have put this fund on our watchlist to see if it consistently outperforms its peers over time.