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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹51.6862 | +0.94% | — | — | — |
| Regular Growth | ₹44.1711 | +0.84% | +12.86% | +14.10% | +11.15% |
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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Axis Multi Asset Allocation Fund hold?
Axis Multi Asset Allocation Fund holds 112 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.74% of NAV.
What is the largest holding in Axis Multi Asset Allocation Fund?
The largest position in Axis Multi Asset Allocation Fund is Axis Gold ETF, accounting for 12.11% of NAV.
Is Axis Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.544, Axis Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 31,181 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.74% of the portfolio.
What is the market cap allocation of Axis Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Axis Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 50.14%, Mid Cap: 9.28%, Small Cap: 6.28%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Multi Asset Allocation Fund invest in most?
Axis Multi Asset Allocation Fund has the highest allocation to Banks (16.39%), CRISIL AAA (4.84%), Finance (3.78%). The fund is invested across 48 sectors in total.
How actively managed is Axis Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Axis Multi Asset Allocation Fund has an Active Share of 60.84%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Multi Asset Allocation Fund added 30 new stocks (including Pidilite Industries Limited) and exited 17 stocks (including GOLD .999 1KG BAR). Total holding count increased from 100 to 113 stocks.