Axis Equity Savings Fund
The fund maintains a defensive posture within the equity-savings category, anchored by heavyweight positions in banking and sovereign debt—a combination designed to balance yield with stability. The recent spike in net receivables and exit from BoB debt suggests the manager is optimizing cash management and liquidity positioning, while two fresh small-cap additions hint at selective value-hunting in a buoyant market. The concentrated top-10 weighting at over 80 percent reflects conviction in large-cap quality rather than broad diversification, signaling confidence in defensive blue chips over broader market exposure.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹25.5900 | — | — | — | — |
| Regular Growth | ₹22.3800 | -0.04% | +2.10% | +8.98% | +8.06% |
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 |
|---|---|
| Minda Corporation Limited | 0.30% |
| CG Power and Industrial Solutions Limited | 0.18% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) | 36.41% |
| 2 | Reliance Industries Limited INE002A01018 | 9.73% |
| 3 | HDFC Bank Limited INE040A01034 | 7.22% |
| 4 | ICICI Bank Limited INE090A01021 | 6.09% |
| 5 | 7.18% Government of India (14/08/2033) IN0020230085 | 4.67% |
| 6 | 7.1% Government of India (08/04/2034) IN0020240019 | 4.06% |
| 7 | Clearing Corporation of India Ltd | 3.58% |
| 8 | Tata Steel Limited INE081A01020 | 3.19% |
| 9 | Axis Money Market Fund - Direct Plan - Growth Option INF846K01Q62 | 2.95% |
| 10 | Kotak Mahindra Bank Limited INE237A01036 | 2.90% |
| 11 | Bank Nifty Index May 2026 Future | 2.77%(der) |
| 12 | Bharti Airtel Limited INE397D01024 | 2.37% |
| 13 | Mahindra & Mahindra Limited INE101A01026 | 2.26% |
| 14 | Larsen & Toubro Limited INE018A01030 | 1.98% |
| 15 | Eternal Limited INE758T01015 | 1.90% |
| 16 | 8.52% Muthoot Finance Limited (07/04/2028) ** INE414G07JN3 | 1.74% |
| 17 | Hindustan Aeronautics Limited INE066F01020 | 1.61% |
| 18 | SBI Life Insurance Company Limited INE123W01016 | 1.39% |
| 19 | State Bank of India INE062A01020 | 1.34% |
| 20 | 5% GMR Airports Limited (13/02/2027) ** INE776C08083 | 1.20% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Equity Savings Fund hold?
Axis Equity Savings Fund holds 117 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.77% of NAV.
What is the largest holding in Axis Equity Savings Fund?
The largest position in Axis Equity Savings Fund is Net Receivables / (Payables), accounting for 36.41% of NAV.
Is Axis Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.646, Axis Equity Savings Fund is moderately concentrated. The HHI concentration index is 31,731 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.77% of the portfolio.
What is the market cap allocation of Axis Equity Savings Fund?
Based on SEBI's AMFI classification, Axis Equity Savings Fund's equity portfolio is split as: Large Cap: 54.02%, Mid Cap: 6.90%, Small Cap: 6.82%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Equity Savings Fund invest in most?
Axis Equity Savings Fund has the highest allocation to Banks (22.21%), Sovereign (10.72%), Petroleum Products (9.76%). The fund is invested across 39 sectors in total.
How actively managed is Axis Equity Savings Fund compared to other Equity Savings funds?
Axis Equity Savings Fund has an Active Share of 56.61%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Equity Savings Fund added 2 new stocks (including Minda Corporation Limited) and exited 2 stocks (including HDFC Life Insurance Company Limited). Total holding count remained at 118 stocks.