Axis Consumption Fund
The fund remains heavily weighted toward discretionary consumption, with automobiles and retailing anchoring over a third of the portfolio, positioning it for sustained demand from India's aspirational consumer class. The manager trimmed concentration in defensive plays like HDFC Life and HDFC Bank while adding smaller consumption bets like Radico Khaitan, signaling conviction that growth momentum justifies a tilt toward quality cyclicals over financial safety. With nearly half the portfolio in ten names, this is a focused bet on consumption mega-trends rather than diversified stability.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹8.8400 | +0.68% | -5.05% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Voltas Limited | 0.54% |
| TBO Tek Limited | 0.38% |
| Radico Khaitan Limited | 0.23% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharti Airtel Limited INE397D01024 | 8.65% |
| 2 | Mahindra & Mahindra Limited INE101A01026 | 6.55% |
| 3 | Titan Company Limited INE280A01028 | 6.17% |
| 4 | Eternal Limited INE758T01015 | 5.66% |
| 5 | Hindustan Unilever Limited INE030A01027 | 5.10% |
| 6 | Maruti Suzuki India Limited INE585B01010 | 4.51% |
| 7 | Varun Beverages Limited INE200M01039 | 3.31% |
| 8 | Asian Paints Limited INE021A01026 | 3.17% |
| 9 | Nestle India Limited INE239A01024 | 3.07% |
| 10 | InterGlobe Aviation Limited INE646L01027 | 3.06% |
| 11 | Eicher Motors Limited INE066A01021 | 3.00% |
| 12 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.90% |
| 13 | TVS Motor Company Limited INE494B01023 | 2.90% |
| 14 | Avenue Supermarts Limited INE192R01011 | 2.50% |
| 15 | Tata Consumer Products Limited INE192A01025 | 2.30% |
| 16 | ITC Limited INE154A01025 | 2.20% |
| 17 | Britannia Industries Limited INE216A01030 | 2.13% |
| 18 | Trent Limited INE849A01020 | 2.04% |
| 19 | Tata Power Company Limited INE245A01021 | 1.86% |
| 20 | Bajaj Auto Limited INE917I01010 | 1.61% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Consumption Fund hold?
Axis Consumption Fund holds 62 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 32.13% of NAV.
What is the largest holding in Axis Consumption Fund?
The largest position in Axis Consumption Fund is Bharti Airtel Limited, accounting for 8.65% of NAV in the Telecom - Services sector.
Is Axis Consumption Fund a concentrated or diversified fund?
With a Gini coefficient of 0.523, Axis Consumption Fund is moderately concentrated. The HHI concentration index is 35,471 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 32.13% of the portfolio.
What is the market cap allocation of Axis Consumption Fund?
Based on SEBI's AMFI classification, Axis Consumption Fund's equity portfolio is split as: Large Cap: 81.67%, Mid Cap: 9.85%, Small Cap: 7.75%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Consumption Fund invest in most?
Axis Consumption Fund has the highest allocation to Automobiles (20.38%), Retailing (13.19%), Consumer Durables (11.27%). The fund is invested across 23 sectors in total.
How actively managed is Axis Consumption Fund compared to other Sectoral / Thematic funds?
Axis Consumption Fund has an Active Share of 77.24%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Axis Consumption Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Consumption Fund added 3 new stocks (including Voltas Limited) and exited 5 stocks (including HDFC Life Insurance Company Limited). Total holding count decreased from 65 to 63 stocks.