Axis Balanced Advantage Fund
Axis Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹23.3600 | — | — | — | — | — | — |
| Regular Growth | ₹20.7600 | -0.43% | -3.35% | -3.76% | +0.05% | +12.22% | +10.38% |
| Direct IDCW | ₹13.6200 | — | — | — | — | — | — |
| Regular IDCW | ₹12.5000 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
152
Top 5 Weight
24.34%
Top 10 Weight
37.05%
Active Share
—
Large Cap
58.69%
Gini
0.580
What Changed2026-03-31 → 2026-04-30
Holdings: 157 → 153+10 added−14 removed32 weight shifts ≥ 0.1%
| 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
Banks18.4%
CRISIL AAA7.6%
Sovereign7.3%
Petroleum Products5.5%
IT - Software5.1%
Automobiles4.5%
CRISIL AA+3.8%
Pharmaceuticals & Biotechnology3.2%
Finance2.9%
Construction2.8%
Top 10 sectors by % to NAV. Excludes derivatives.