I have been huge fan of Axis midcap fund from the day i came to know about the portfolio.
I strongly believe the World is moving towards localization, By looking at the recently incidents that All the countries are started focusing on providing Jobs, manufacturing, pharmacy. its very important to look at the domestic business.
This fund has more than ~45 of exposure in Domestic businesses like Info Edge, D-Mart, City Union bank etc.,
In Q3, We don’t find any major exits on the portfolio. But interestingly, We found few addition along with increasing few stocks.
RBL Bank & Mindtree Ltd are the new addition
to the portfolio in Dec that is worth of ~24
& 41 Cr.
Added Tata Global Beverages Ltd & Balakrishna Industries Ltd from Nov that is worth of 42 & 23 Cr.
More detail below,
Holding following stocks consistently.
Decreased the investments in ICICI & Bandhan bank & IPCA Lab.
This fund has been managed by Mr. Shreyash Devalkar from Nov 2016, worth of ~ 4140 Cr.