Axis Midcap Fund

The Axis Mid Cap fund stands out on many counts. The portfolio manager’s ability to execute the strategy in a consistent manner has yielded positive results. Shreyas Devalkar has been associated with the AMC since 2016 and has been managing the Axis Midcap Fund since November 2016. Devalkar’s experience of working as a credit analyst, sell-side broking analyst, and equity analyst covering multiple sectors is a positive. Shreyas Devalkar’s portfolio is a high-conviction one where he invests in high quality stocks with long-term sustainable growth prospects. The manager evaluates firms based on their fundamentals, growth trajectory, corporate governance, financials, and so on. He places a lot of focus on corporate governance, which could lead him away from some firms despite their higher growth trajectory. The manager chooses stocks based on the PEG ratio as opposed to...