Funds/Sectoral / Thematic/Axis Consumption Fund

Axis Consumption Fund

Axis Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

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	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹8.7300	+0.92%	-6.43%	-10.09%	-5.01%	—	—

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

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

32.13%

Top 10 Weight

49.25%

Active Share

—

Large Cap

81.67%

Gini

0.523

What Changed2026-03-31 → 2026-04-30

Holdings: 65 → 63+3 added−5 removed32 weight shifts ≥ 0.1%

Stock	Sector	Weight
Voltas Limited	Consumer Durables	0.54%
TBO Tek Limited	Leisure Services	0.38%
Radico Khaitan Limited	Beverages	0.23%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	8.65%
2	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	6.55%
3	Titan Company Limited INE280A01028	Consumer Durables	EQUITY	6.17%
4	Eternal Limited INE758T01015	Retailing	EQUITY	5.66%
5	Hindustan Unilever Limited INE030A01027	Diversified FMCG	EQUITY	5.10%
6	Maruti Suzuki India Limited INE585B01010	Automobiles	EQUITY	4.51%
7	Varun Beverages Limited INE200M01039	Beverages	EQUITY	3.31%
8	Asian Paints Limited INE021A01026	Consumer Durables	EQUITY	3.17%
9	Nestle India Limited INE239A01024	Food Products	EQUITY	3.07%
10	InterGlobe Aviation Limited INE646L01027	Transport Services	EQUITY	3.06%
11	Eicher Motors Limited INE066A01021	Automobiles	EQUITY	3.00%
12	Apollo Hospitals Enterprise Limited INE437A01024	Healthcare Services	EQUITY	2.90%
13	TVS Motor Company Limited INE494B01023	Automobiles	EQUITY	2.90%
14	Avenue Supermarts Limited INE192R01011	Retailing	EQUITY	2.50%
15	Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	EQUITY	2.30%
16	ITC Limited INE154A01025	Diversified FMCG	EQUITY	2.20%
17	Britannia Industries Limited INE216A01030	Food Products	EQUITY	2.13%
18	Trent Limited INE849A01020	Retailing	EQUITY	2.04%
19	Tata Power Company Limited INE245A01021	Power	EQUITY	1.86%
20	Bajaj Auto Limited INE917I01010	Automobiles	EQUITY	1.61%

Sector Allocation

Automobiles20.4%

Retailing13.2%

Consumer Durables11.3%

Telecom - Services9.2%

Diversified FMCG7.3%

Healthcare Services5.9%

Food Products5.2%

Beverages4.9%

Leisure Services4.4%

Transport Services3.8%

Top 10 sectors by % to NAV. Excludes derivatives.