Side by side
Direct plans, growth option. Returns are annualised, to 09 Oct 2026.
| Axis Midcap | SBI Midcap | |
|---|---|---|
| Category | Mid Cap | Mid Cap |
| Return over 1 year | 3.4% | 1.0% |
| Return over 3 years | 15.7% | 9.6% |
| Return over 5 years | 11.7% | 11.9% |
| Rank in category, 1 year | 13 of 30 | 23 of 30 |
| Rank in category, 3 years | 16 of 28 | 28 of 28 |
| Rank in category, 5 years | 16 of 21 | 15 of 21 |
| Against an index fund, 5 years | 1.6% behind | 1.5% behind |
| Regular plan return, 5 years | 10.5% | 10.9% |
| What the regular plan costs | 1.22% a year | 0.96% a year |
| Expense ratio, direct plan | 0.84% a year | 1.02% a year |
| Fund size | ₹33,528 crore | ₹23,282 crore |
SBI Midcap Fund returned 11.9% a year and Axis Midcap Fund 11.7%. It was ahead in 1 of the 3 periods compared.
They share 25% of their holdings
From their latest disclosed portfolios, 25% of each fund sits in the same shares, across 22 companies, led by Federal Bank, B H E L, Bharat Forge, FSN E-Commerce. That is a moderate overlap: the two funds differ enough to behave differently, but they are not independent.
What the numbers do not settle
The fund that was ahead over the last 5 years is not reliably the one ahead over the next. Look at whether a lead holds across periods, what each fund would cost you to enter and leave, and which fits the rest of what you own.
Check your whole portfolio
Add everything you hold to see which funds overlap, what you pay in commissions and where the portfolio is lopsided.
Check your portfolioTalk it through first
Which fund suits you depends on your goals, your tax position and what else you own. An advisor will go through it with you on a free call.
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Questions
Which has given higher returns, Axis Midcap Fund or SBI Midcap Fund?
Over the 5 years to 09 Oct 2026, SBI Midcap Fund returned 11.9% a year and Axis Midcap Fund returned 11.7%, measured by their direct plans. SBI Midcap was ahead in 1 of the 3 periods compared. Past returns do not tell you which will lead next.
Are Axis Midcap Fund and SBI Midcap Fund in the same category?
Yes. Both are mid cap funds, so they invest in the same part of the market and are likely to hold many of the same shares.
How much do Axis Midcap Fund and SBI Midcap Fund overlap?
About 25% of each fund is invested in the same shares, across 22 companies, going by their latest disclosed portfolios.
Should I switch from one to the other?
Not on past returns alone. A switch can mean an exit load and tax on your gains, and leadership between funds changes over time. Whether either fund suits you depends on your goals and the rest of your portfolio, which is a question for an advisor.
This page is information, not a recommendation to buy, sell or hold any fund. Returns are annualised, for the growth option, from NAVs published by AMFI. A ranking by past return says nothing certain about the future, and the right fund for you depends on your goals and the rest of your portfolio.
Invsify Technologies Private Limited is a SEBI Registered Investment Adviser, Registration No. INA000020572. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future results.