Funds/Flexi Cap Fund/Axis Flexi Cap Fund

Axis Flexi Cap Fund

Axis Mutual Fund·Flexi Cap Fund·vs Nifty 500 TRI

The fund maintains a fortress-like conviction in financial services, where banks alone command nearly one-fifth of assets alongside concentrated bets in select quality names like CCIL and Bajaj Finance. The manager is subtly rebalancing within this core theme—trimming CCIL despite its dominance while adding to SBI, signaling confidence in cyclical banking strength—while the entry into Bharat Forge and modest cash buffer suggest selective opportunism in industrials ahead. This is a quality-biased, financials-tilted portfolio betting on India's domestic growth rather than broad market participation.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹28.4000	—	—	—	—	—	—
Regular Growth	₹25.5100	+0.28%	-3.88%	-6.01%	-0.66%	+12.60%	+10.51%
Regular IDCW	₹15.9400	—	—	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

27.74%

Top 10 Weight

44.25%

Active Share

—

Large Cap

61.06%

Gini

0.481

What Changed2026-03-31 → 2026-04-30

Holdings: 63 → 62+1 added−2 removed24 weight shifts ≥ 0.1%

Stock	Sector	Weight
Bharat Forge Limited	Auto Components	0.49%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Clearing Corporation of India Ltd		CASH_EQUIVALENT	7.73%
2	ICICI Bank Limited INE090A01021	Banks	EQUITY	7.58%
3	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	4.46%
4	Bharat Electronics Limited INE263A01024	Aerospace & Defense	EQUITY	4.05%
5	Bajaj Finance Limited INE296A01032	Finance	EQUITY	3.92%
6	Eternal Limited INE758T01015	Retailing	EQUITY	3.68%
7	State Bank of India INE062A01020	Banks	EQUITY	3.58%
8	Axis Bank Limited INE238A01034	Banks	EQUITY	3.35%
9	UltraTech Cement Limited INE481G01011	Cement & Cement Products	EQUITY	2.95%
10	Apar Industries Limited INE372A01015	Electrical Equipment	EQUITY	2.95%
11	Krishna Institute Of Medical Sciences Limited INE967H01025	Healthcare Services	EQUITY	2.89%
12	Infosys Limited INE009A01021	IT - Software	EQUITY	2.84%
13	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	2.69%
14	HDFC Bank Limited INE040A01034	Banks	EQUITY	2.56%
15	CG Power and Industrial Solutions Limited INE067A01029	Electrical Equipment	EQUITY	2.19%
16	PB Fintech Limited INE417T01026	Financial Technology (Fintech)	EQUITY	2.09%
17	Cholamandalam Investment and Finance Company Ltd INE121A01024	Finance	EQUITY	2.02%
18	Mankind Pharma Limited INE634S01028	Pharmaceuticals & Biotechnology	EQUITY	1.93%
19	GE Vernova T&D India Limited INE200A01026	Electrical Equipment	EQUITY	1.93%
20	InterGlobe Aviation Limited INE646L01027	Transport Services	EQUITY	1.90%

Sector Allocation

Banks19.4%

Electrical Equipment7.7%

Finance7.6%

Retailing6.3%

Pharmaceuticals & Biotechnology5.5%

Aerospace & Defense5.1%

Telecom - Services4.5%

Automobiles4.1%

Chemicals & Petrochemicals3.8%

Healthcare Services3.7%

Top 10 sectors by % to NAV. Excludes derivatives.