Axis Multi Asset Allocation Fund
The fund maintains a defensive multi-asset stance with substantial precious metals allocation (16.8% combined) providing inflation hedging alongside a concentrated equity core tilted toward banking and financial stocks. The month's activity signals active rebalancing rather than conviction shifts—the manager trimmed net receivables and banking positions while modestly increasing precious metals, suggesting tactical profit-taking in equities. New pharma and specialty chemical entries hint at cautious diversification within the equity sleeve while preserving the core defensive character through stable gold and silver holdings.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹51.2908 | +1.65% | — | — | — | — | — |
| Regular Growth | ₹43.8344 | +1.55% | -3.17% | +1.40% | +13.07% | +13.73% | +10.98% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Pidilite Industries Limited | 0.98% |
| HDFC Asset Management Company Limited | 0.87% |
| Cipla Limited | 0.86% |
| SRF Limited | 0.62% |
| Radico Khaitan Limited | 0.62% |
| Aarti Industries Limited | 0.58% |
| Coforge Limited | 0.57% |
| Hindustan Aeronautics Limited | 0.56% |
| Cummins India Limited | 0.54% |
| DLF Limited | 0.49% |
| Cholamandalam Investment and Finance Company Ltd | 0.49% |
| Welspun Corp Limited | 0.49% |
| IndusInd Bank Limited | 0.47% |
| TVS Motor Company Limited | 0.46% |
| Page Industries Limited | 0.40% |
| 360 One WAM Limited | 0.37% |
| Power Grid Corporation of India Limited | 0.30% |
| Sapphire Foods India Limited | 0.28% |
| Aadhar Housing Finance Limited | 0.27% |
| Tata Power Company Limited | 0.25% |
| Malco Energy Limited | 0.12% |
| Vedanta Iron And Steel Limited | 0.12% |
| Vedanta Aluminium Metal Limited | 0.12% |
| Talwandi Sabo Power Limited | 0.12% |
| Deepak Nitrite Limited | 0.07% |
| NIFTY 23600 Put May 2026 Option | 0.04% |
| NIFTY 24500 Call May 2026 Option | 0.02% |
| Bank Nifty Index 54000 Put May 2026 Option | 0.01% |
| NIFTY 23500 Put May 2026 Option | 0.01% |
| 91 Days Tbill (MD 11/06/2026) | 0.45% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Axis Gold ETF INF846K01W80 | 12.11% |
| 2 | HDFC Bank Limited INE040A01034 | 5.42% |
| 3 | Axis Silver ETF INF846K011K1 | 4.65% |
| 4 | ICICI Bank Limited INE090A01021 | 4.08% |
| 5 | Clearing Corporation of India Ltd | 3.48% |
| 6 | State Bank of India INE062A01020 | 3.34% |
| 7 | Reliance Industries Limited INE002A01018 | 3.26% |
| 8 | Larsen & Toubro Limited INE018A01030 | 3.00% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.50% |
| 10 | Net Receivables / (Payables) | 2.30% |
| 11 | 7.48% National Bank For Agriculture and Rural Development (15/09/2028) INE261F08EO7 | 2.23% |
| 12 | Mahindra & Mahindra Limited INE101A01026 | 2.04% |
| 13 | Axis Bank Limited INE238A01034 | 1.67% |
| 14 | ITC Limited INE154A01025 | 1.46% |
| 15 | SBI Life Insurance Company Limited INE123W01016 | 1.42% |
| 16 | 8.55% Shriram Finance Limited (28/04/2028) ** INE721A07SP0 | 1.37% |
| 17 | Bharat Heavy Electricals Limited INE257A01026 | 1.23% |
| 18 | Titan Company Limited INE280A01028 | 1.18% |
| 19 | Pidilite Industries Limited INE318A01026 | 0.98% |
| 20 | Sagility Limited INE0W2G01015 | 0.95% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.