Asset Sadhu
Funds/Conservative Hybrid Fund/Axis Conservative Hybrid Fund

Axis Conservative Hybrid Fund

Axis Mutual Fund·Conservative Hybrid Fund·vs Peer Median

Axis Conservative Hybrid has constructed a heavily government securities-focused portfolio, with sovereigns comprising nearly 47 percent of holdings, reflecting a defensive stance suited for stable, predictable returns. The fund's concentrated structure—top five holdings representing half the portfolio—signals conviction in high-quality credit, with recent shifts toward NABARD entry and reduced exposure to clearing corporation suggesting modest rebalancing within safety parameters. Month-on-month flatness masks the fund's positioning for modest accrual from quality debt in a potentially volatile equity environment.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M3M6M1Y3Y CAGR5Y CAGR
Direct Growth₹35.3212-0.29%—————
Regular Growth₹29.9158-0.37%-1.82%-1.81%-0.02%+5.92%+5.79%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
55
Top 5 Weight
49.82%
Top 10 Weight
63.21%
Active Share
—
Large Cap
18.37%
Gini
0.646

What Changed2026-03-31 → 2026-04-30

Holdings: 55 → 56+1 added−0 removed6 weight shifts ≥ 0.1%
StockWeight
7.44% National Bank For Agriculture and Rural Development (17/07/2029)2.28%

Full Holdings

#Holding% to NAV
1
7.18% Government of India (14/08/2033)
IN0020230085
16.24%
2
6.79% Government of India (07/10/2034)
IN0020240126
11.74%
3
6.68% Government of India (07/07/2040)
IN0020250042
10.82%
4
7.64% Power Finance Corporation Limited (22/02/2033) **
INE134E08MA1
6.87%
5
7.18% Government of India (24/07/2037)
IN0020230077
4.15%
6
Clearing Corporation of India Ltd
4.09%
7
5% GMR Airports Limited (13/02/2027) **
INE776C08083
2.39%
8
Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028) **
INE755L07015
2.31%
9
8.50% Aadhar Housing Finance Limited (26/05/2026) **
INE883F07306
2.30%
10
7.1% Government of India (08/04/2034)
IN0020240019
2.30%
11
6.72% IndiGrid Infrastructure Trust (14/09/2026) **
INE219X07306
2.29%
12
9.4% IKF Finance Limited (12/08/2027) **
INE859C07246
2.29%
13
7.44% National Bank For Agriculture and Rural Development (17/07/2029)
INE261F08EU4
2.28%
14
9.01% Hiranandani Financial Services Private Limited (30/03/2029) **
INE07UF07034
2.26%
15
Reliance Industries Limited
INE002A01018
2.12%
16
8.75% Aptus Value Housing Finance India Limited (11/03/2030) **
INE852O07154
1.84%
17
8.95% Aptus Finance India Private Limited (06/03/2029) **
INE04MH07059
1.72%
18
HDFC Bank Limited
INE040A01034
1.64%
19
ICICI Bank Limited
INE090A01021
1.60%
20
7.23% Government of India (15/04/2039)
IN0020240027
1.38%

Sector Allocation

Sovereign46.7%
CRISIL AAA11.4%
Banks5.6%
CARE A+4.5%
CARE AA3.6%
CRISIL A+2.4%
IT - Software2.4%
ICRA A+(CE)2.3%
IND AA2.3%
Petroleum Products2.2%

Top 10 sectors by % to NAV. Excludes derivatives.