Axis Value Fund
Axis Value Fund remains heavily anchored in financial services, with banks dominating at nearly 23% alongside complementary finance holdings, reflecting conviction in a resilient lending cycle. The manager's recent portfolio churn—trimming retail and discretionary plays while adding diversified value plays across power, appliances, and spirits—signals a tactical shift away from consumer cyclicality toward more defensive, cash-generative sectors. The modest cash buffer and concentrated top-10 weighting suggest confidence in these core holdings to deliver compounding returns despite macro uncertainty.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹19.8400 | — | — | — | — | — | — |
| Regular Growth | ₹18.5800 | +1.25% | -3.23% | -3.88% | +5.09% | +19.82% | — |
| Direct IDCW | ₹16.6800 | — | — | — | — | — | — |
| Regular IDCW | ₹15.6300 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Amber Enterprises India Limited | 0.69% |
| Radico Khaitan Limited | 0.60% |
| Blue Star Limited | 0.43% |
| Malco Energy Limited | 0.18% |
| Talwandi Sabo Power Limited | 0.18% |
| Vedanta Aluminium Metal Limited | 0.18% |
| Vedanta Iron And Steel Limited | 0.18% |
| Triveni Turbine Limited | 0.14% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Clearing Corporation of India Ltd | 6.04% |
| 2 | ICICI Bank Limited INE090A01021 | 5.31% |
| 3 | HDFC Bank Limited INE040A01034 | 4.62% |
| 4 | Reliance Industries Limited INE002A01018 | 4.30% |
| 5 | State Bank of India INE062A01020 | 3.39% |
| 6 | NTPC Limited INE733E01010 | 3.28% |
| 7 | Bharti Airtel Limited INE397D01024 | 2.91% |
| 8 | Shriram Finance Limited INE721A01047 | 2.59% |
| 9 | Larsen & Toubro Limited INE018A01030 | 2.53% |
| 10 | Infosys Limited INE009A01021 | 2.48% |
| 11 | Mahindra & Mahindra Limited INE101A01026 | 2.00% |
| 12 | Sona BLW Precision Forgings Limited INE073K01018 | 1.85% |
| 13 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.82% |
| 14 | Bharat Heavy Electricals Limited INE257A01026 | 1.81% |
| 15 | Tech Mahindra Limited INE669C01036 | 1.71% |
| 16 | Multi Commodity Exchange of India Limited INE745G01043 | 1.65% |
| 17 | Varun Beverages Limited INE200M01039 | 1.61% |
| 18 | Bharat Electronics Limited INE263A01024 | 1.59% |
| 19 | PNB Housing Finance Limited INE572E01012 | 1.49% |
| 20 | Apar Industries Limited INE372A01015 | 1.42% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.