Axis Small Cap Fund
The fund has placed a dominant conviction bet on Clearing Corporation of India, now commanding over 10 percent of the portfolio, signaling confidence in financial infrastructure plays. The manager is broadly diversified across chemicals, finance, and industrials, but this outsized single position suggests tactical conviction rather than benchmark-tracking, supported by the sharp one-month outperformance. Recent exits from auto and energy stocks coupled with new additions in banking and utilities indicate a subtle pivot toward defensive financials and stable earnings generators.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹123.6500 | +6.10% | — | — | — | — | — |
| Regular Growth | ₹106.1100 | +6.00% | +3.49% | -1.46% | +5.37% | +17.20% | +17.80% |
| Direct IDCW | ₹49.8800 | +6.11% | — | — | — | — | — |
| Regular IDCW | ₹42.2600 | +5.99% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| RBL Bank Limited | 0.33% |
| Power Grid Corporation of India Limited | 0.22% |
| Piramal Finance Limited | 0.18% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Clearing Corporation of India Ltd | 10.36% |
| 2 | CCL Products (India) Limited INE421D01022 | 2.79% |
| 3 | NIFTY May 2026 Future | 2.74%(der) |
| 4 | Krishna Institute Of Medical Sciences Limited INE967H01025 | 2.47% |
| 5 | Multi Commodity Exchange of India Limited INE745G01043 | 2.23% |
| 6 | JB Chemicals & Pharmaceuticals Limited INE572A01036 | 2.23% |
| 7 | City Union Bank Limited INE491A01021 | 1.94% |
| 8 | Brigade Enterprises Limited INE791I01019 | 1.78% |
| 9 | Bank Nifty Index May 2026 Future | 1.76%(der) |
| 10 | Blue Star Limited INE472A01039 | 1.61% |
| 11 | Cholamandalam Financial Holdings Limited INE149A01033 | 1.57% |
| 12 | Sai Life Sciences Limited INE570L01029 | 1.47% |
| 13 | Can Fin Homes Limited INE477A01020 | 1.35% |
| 14 | Vesuvius India Limited INE386A01023 | 1.31% |
| 15 | Navin Fluorine International Limited INE048G01026 | 1.30% |
| 16 | Karur Vysya Bank Limited INE036D01028 | 1.30% |
| 17 | Craftsman Automation Limited INE00LO01017 | 1.26% |
| 18 | Minda Corporation Limited INE842C01021 | 1.10% |
| 19 | The Phoenix Mills Limited INE211B01039 | 1.08% |
| 20 | PB Fintech Limited INE417T01026 | 1.08% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.