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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹123.9900 | +3.71% | — | — | — |
| Regular Growth | ₹106.4000 | +3.63% | +3.91% | +16.90% | +17.86% |
| Direct IDCW | ₹50.0200 | +3.73% | — | — | — |
| Regular IDCW | ₹42.3800 | +3.64% | — | — | — |
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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Axis Small Cap Fund hold?
Axis Small Cap Fund holds 138 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.08% of NAV.
What is the largest holding in Axis Small Cap Fund?
The largest position in Axis Small Cap Fund is Clearing Corporation of India Ltd, accounting for 10.36% of NAV.
Is Axis Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.422, Axis Small Cap Fund is well-diversified. The HHI concentration index is 19,608 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.08% of the portfolio.
What is the market cap allocation of Axis Small Cap Fund?
Based on SEBI's AMFI classification, Axis Small Cap Fund's equity portfolio is split as: Large Cap: 5.58%, Mid Cap: 11.57%, Small Cap: 68.97%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Small Cap Fund invest in most?
Axis Small Cap Fund has the highest allocation to Chemicals & Petrochemicals (8.10%), Finance (6.67%), Industrial Products (6.46%). The fund is invested across 37 sectors in total.
How actively managed is Axis Small Cap Fund compared to other Small Cap Fund funds?
Axis Small Cap Fund has an Active Share of 59.99%, classifying it as "Active Stock Picker" among 31 Small Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Small Cap Fund added 3 new stocks (including RBL Bank Limited) and exited 4 stocks (including Premier Energies Limited). Total holding count decreased from 141 to 139 stocks.