Axis Multicap Fund
The fund is anchored in financials—particularly banks and capital markets infrastructure—positioning for steady earnings amid India's credit cycle, while selective exposure to auto components and electricals captures cyclical recovery. The manager is signaling conviction in quality midcaps by trimming defensive plays like HDFC Life and pharmaceuticals, adding momentum-driven picks like Tata Consultancy Services and Kaynes Technology. The significant reduction in Clearing Corporation suggests tactical profit-taking rather than thematic repositioning, keeping the portfolio balanced for both growth and stability.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹18.7200 | — | — | — | — |
| Regular Growth | ₹17.7000 | +1.14% | +2.55% | +20.01% | — |
| Direct IDCW | ₹18.7200 | — | — | — | — |
| Regular IDCW | ₹17.7000 | — | — | — | — |
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 |
|---|---|
| Tata Consultancy Services Limited | 0.90% |
| Kaynes Technology India Limited | 0.67% |
| Amber Enterprises India Limited | 0.61% |
| Rategain Travel Technologies Limited | 0.42% |
| Radico Khaitan Limited | 0.42% |
| Maruti Suzuki India Limited | 0.21% |
| 91 Days Tbill (MD 23/07/2026) | 0.36% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 3.84% |
| 2 | ICICI Bank Limited INE090A01021 | 3.59% |
| 3 | State Bank of India INE062A01020 | 2.71% |
| 4 | Shriram Finance Limited INE721A01047 | 2.39% |
| 5 | Multi Commodity Exchange of India Limited INE745G01043 | 2.20% |
| 6 | Larsen & Toubro Limited INE018A01030 | 2.03% |
| 7 | Reliance Industries Limited INE002A01018 | 1.93% |
| 8 | Fortis Healthcare Limited INE061F01013 | 1.88% |
| 9 | Clearing Corporation of India Ltd | 1.86% |
| 10 | Bharti Airtel Limited INE397D01024 | 1.86% |
| 11 | Sona BLW Precision Forgings Limited INE073K01018 | 1.77% |
| 12 | RBL Bank Limited INE976G01028 | 1.57% |
| 13 | GE Vernova T&D India Limited INE200A01026 | 1.56% |
| 14 | Mahindra & Mahindra Limited INE101A01026 | 1.55% |
| 15 | Minda Corporation Limited INE842C01021 | 1.55% |
| 16 | Apar Industries Limited INE372A01015 | 1.55% |
| 17 | Welspun Corp Limited INE191B01025 | 1.36% |
| 18 | Craftsman Automation Limited INE00LO01017 | 1.35% |
| 19 | NTPC Limited INE733E01010 | 1.33% |
| 20 | Sansera Engineering Limited INE953O01021 | 1.29% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Multicap Fund hold?
Axis Multicap Fund holds 118 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.73% of NAV.
What is the largest holding in Axis Multicap Fund?
The largest position in Axis Multicap Fund is HDFC Bank Limited, accounting for 3.84% of NAV in the Banks sector.
Is Axis Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.369, Axis Multicap Fund is well-diversified. The HHI concentration index is 13,149 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.73% of the portfolio.
What is the market cap allocation of Axis Multicap Fund?
Based on SEBI's AMFI classification, Axis Multicap Fund's equity portfolio is split as: Large Cap: 42.81%, Mid Cap: 24.48%, Small Cap: 26.78%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Multicap Fund invest in most?
Axis Multicap Fund has the highest allocation to Banks (19.15%), Auto Components (7.74%), Electrical Equipment (6.88%). The fund is invested across 39 sectors in total.
How actively managed is Axis Multicap Fund compared to other Multi Cap Fund funds?
Axis Multicap Fund has an Active Share of 52.79%, classifying it as "Active Stock Picker" among 30 Multi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Multicap Fund added 7 new stocks (including Tata Consultancy Services Limited) and exited 9 stocks (including HDFC Life Insurance Company Limited). Total holding count decreased from 121 to 119 stocks.