Axis Balanced Advantage Fund
The fund is positioned defensively with elevated cash and a heavy banking tilt, suggesting the manager anticipates near-term volatility while maintaining conviction in financial sector stability. The significant weight increase in clearing corporation signals a shift toward safer, infrastructure-linked plays, while exits from energy and IT options indicate reduced hedging appetite. These moves suggest the manager is gradually de-risking the portfolio while selectively rotating into more resilient segments.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹23.4700 | — | — | — | — |
| Regular Growth | ₹20.8600 | -1.18% | -0.24% | +12.35% | +10.49% |
| Direct IDCW | ₹13.6900 | — | — | — | — |
| Regular IDCW | ₹12.5600 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| FSN E-Commerce Ventures Limited | 0.31% |
| RBL Bank Limited | 0.23% |
| Fortis Healthcare Limited | 0.21% |
| Computer Age Management Services Limited | 0.17% |
| State Bank of India 1090 Put May 2026 Option | 0.01% |
| Bajaj Finance Limited 930 Call May 2026 Option | 0.01% |
| 7.75% Bharti Telecom Limited (29/02/2028) ** | 0.66% |
| 91 Days Tbill (MD 11/06/2026) | 0.53% |
| 364 Days Tbill (MD 23/07/2026) | 0.53% |
| 91 Days Tbill (MD 23/07/2026) | 0.26% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) | 13.35% |
| 2 | HDFC Bank Limited INE040A01034 | 5.96% |
| 3 | ICICI Bank Limited INE090A01021 | 5.25% |
| 4 | Reliance Industries Limited INE002A01018 | 5.16% |
| 5 | Clearing Corporation of India Ltd | 4.13% |
| 6 | State Bank of India INE062A01020 | 3.84% |
| 7 | Infosys Limited INE009A01021 | 3.00% |
| 8 | Larsen & Toubro Limited INE018A01030 | 2.81% |
| 9 | Mahindra & Mahindra Limited INE101A01026 | 2.51% |
| 10 | Bharti Airtel Limited INE397D01024 | 2.31% |
| 11 | Kotak Mahindra Bank Limited INE237A01036 | 2.08% |
| 12 | NTPC Limited INE733E01010 | 1.87% |
| 13 | 7.61% Government of India (09/05/2030) IN0020160019 | 1.79% |
| 14 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.68% |
| 15 | Apollo Hospitals Enterprise Limited INE437A01024 | 1.49% |
| 16 | 8.4% Muthoot Finance Limited (28/08/2028) ** INE414G07II5 | 1.33% |
| 17 | 8.75% Shriram Finance Limited (28/04/2028) ** INE721A07RL1 | 1.21% |
| 18 | 8.66% Cholamandalam Investment and Finance Company Ltd (23/02/2033) ** INE121A08PY9 | 1.19% |
| 19 | 8.52% Muthoot Finance Limited (07/04/2028) ** INE414G07JN3 | 1.12% |
| 20 | Titan Company Limited INE280A01028 | 0.99% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Balanced Advantage Fund hold?
Axis Balanced Advantage Fund holds 152 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.34% of NAV.
What is the largest holding in Axis Balanced Advantage Fund?
The largest position in Axis Balanced Advantage Fund is Net Receivables / (Payables), accounting for 13.35% of NAV.
Is Axis Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.580, Axis Balanced Advantage Fund is moderately concentrated. The HHI concentration index is 20,202 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.34% of the portfolio.
What is the market cap allocation of Axis Balanced Advantage Fund?
Based on SEBI's AMFI classification, Axis Balanced Advantage Fund's equity portfolio is split as: Large Cap: 58.69%, Mid Cap: 6.07%, Small Cap: 4.23%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Balanced Advantage Fund invest in most?
Axis Balanced Advantage Fund has the highest allocation to Banks (18.43%), CRISIL AAA (7.60%), Sovereign (7.35%). The fund is invested across 45 sectors in total.
How actively managed is Axis Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
Axis Balanced Advantage Fund has an Active Share of 51.65%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Balanced Advantage Fund added 10 new stocks (including FSN E-Commerce Ventures Limited) and exited 14 stocks (including Oil & Natural Gas Corporation Limited). Total holding count decreased from 157 to 153 stocks.