What stocks does Axis Multi Asset Allocation Fund hold?

Axis Multi Asset Allocation Fund holds a portfolio of Indian equity stocks disclosed monthly by Axis Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Axis Multi Asset Allocation Fund?

Axis Multi Asset Allocation Fund is managed by Axis Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Axis Multi Asset Allocation Fund?

Axis Multi Asset Allocation Fund is classified as a Multi Asset mutual fund under SEBI's mutual fund categorisation framework.

How often is Axis Multi Asset Allocation Fund portfolio data updated?

Portfolio holdings for Axis Multi Asset Allocation Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Axis Mutual Fund

Axis Multi Asset Allocation Fund - Direct Plan - Growth Option

Multi Asset Data as of May 2026 Comparing Apr 2026 → May 2026

Share: WhatsApp X

Stocks Held

May 2026

Equity Holdings

₹1,528.96 Cr

Equity only, excl. debt & cash

Top 5 Weight

20.6%

Diversified

Top 10 Weight

28.9%

Diversified

Changes

9 new · 13 exits

Top Sector

Banks

17.8% of portfolio

📋 What Happened This Month Axis Multi Asset Allocation Fund made 9 new additions and exited 13 stocks this month. The biggest new buy was Vishal Mega Mart Limited (Retailing) at 0.71% weight. Infosys Limited was the biggest exit (IT - Software), which was held at 0.88%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 6.20% of the portfolio. Bharti Airtel Limited was trimmed the most, now at 1.40%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 17.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Axis Multi Asset Allocation Fund - Direct Plan - Growth Option

+0.08%

+5.67%

-0.08%

+11.84%

Latest NAV

₹51.68

24 Jun 2026

52W High

₹54.51

-5% from High

52W Low

₹41.46

+25% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+16.5%

2024

+16.5%

2023

+14.4%

2022

-4.3%

2021

+24.9%

2020

+19.7%

2019

+16.6%

2018

+2.9%

2017

+17.6%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

13.3%

+ve in 89% windows

59.7% / -12.4%

3Y Rolling Avg

12.9% p.a.

+ve in 100% windows

24.4% / 0.7%

5Y Rolling Avg

13.8% p.a.

+ve in 100% windows

20.5% / 9.9%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-9.8%

Rec: Jun 2025 (5 mo)

COVID-19 Crash

-27.2%

Rec: Oct 2020 (9 mo)

2022 Rate Hike

-17.4%

Rec: Sep 2023 (1yr 9mo)

2018 IL&FS

-12.5%

Rec: May 2019 (10 mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.81

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.12

Penalises downside volatility only.

Std Deviation (3Y)

10.5%

Lower = more consistent returns.

NAV Chart ₹51.68 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Axis Multi Asset Allocation Fund - Direct Plan - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹51.68

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	19.6%	16.4%	▼ -3.2%
Pharmaceuticals & Biotechnology	2.9%	3.5%	▲ +0.6%
Petroleum Products	3.3%	3.3%	● 0.0%
Automobiles	2.1%	3.1%	▲ +1.0%
Construction	2.1%	3.0%	▲ +0.9%
Finance	2.7%	3.0%	▲ +0.3%
Telecom - Services	2.7%	2.9%	▲ +0.2%
Chemicals & Petrochemicals	0.5%	2.3%	▲ +1.7%
Diversified FMCG	2.4%	2.2%	▼ -0.3%
Beverages	1.3%	2.0%	▲ +0.7%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	16.4%	17.8%	▲ +1.4%
Automobiles	3.1%	3.7%	▲ +0.6%
Petroleum Products	3.3%	3.4%	▲ +0.1%
Pharmaceuticals & Biotechnology	3.5%	3.2%	▼ -0.4%
Finance	3.0%	3.1%	▲ +0.1%
Construction	3.0%	3.0%	● 0.0%
Retailing	1.3%	2.6%	▲ +1.3%
Industrial Products	1.9%	2.1%	▲ +0.3%
Diversified FMCG	2.2%	2.0%	▼ -0.2%
Chemicals & Petrochemicals	2.3%	1.9%	▼ -0.4%

🟢

Biggest New Buy

Vishal Mega Mart Limited

0.71% weight · Retailing

🔴

Biggest Exit

Infosys Limited

0.88% was held · IT - Software

↑

Biggest Add

ICICI Bank Limited

+2.12% · now 6.20%

↓

Biggest Trim

Bharti Airtel Limited

-1.10% · now 1.40%

🤝 Other funds also bought this month

Lenskart Solutions Limited 40 funds

Tech Mahindra Limited 32 funds

Godrej Consumer Products Limited 25 funds

Ather Energy Limited 21 funds

Sona BLW Precision Forgings Limited 17 funds

Minda Corporation Limited 9 funds

👋 Other funds also exited

Infosys Limited 19 funds

Tata Motors Ltd 19 funds

Jubilant Foodworks Limited 18 funds

NTPC Limited 15 funds

Tata Consumer Products Limited 10 funds

Indus Towers Limited 9 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 9 New Entries 🔴 13 Exits ↑ 25 Increased ↓ 36 Decreased

#	Stock	Sector	Weight (May 2026)
1	Vishal Mega Mart Limited ₹16.23 Cr	Retailing	0.71%
2	Minda Corporation Limited ₹14.50 Cr	Auto Components	0.63%
3	Sona BLW Precision Forgings Limited ₹13.97 Cr	Auto Components	0.61%
4	Aavas Financiers Limited ₹13.06 Cr	Finance	0.57%
5	Tech Mahindra Limited ₹11.67 Cr	IT - Software	0.51%
6	Godrej Consumer Products Limited ₹11.64 Cr	Personal Products	0.51%
7	Lenskart Solutions Limited ₹11.06 Cr	Retailing	0.48%
8	Chalet Hotels Limited ₹10.47 Cr	Leisure Services	0.46%
9	Ather Energy Limited ₹7.72 Cr	Automobiles	0.34%

#	Stock	Sector	Last Weight (Apr 2026)
1	Infosys Limited ₹19.67 Cr	IT - Software	0.88%
2	HDFC Asset Management Company Limited ₹19.40 Cr	Capital Markets	0.87%
3	Tata Motors Ltd ₹16.35 Cr	Agricultural, Commercial & Construction Vehicles	0.73%
4	Varun Beverages Limited ₹13.01 Cr	Beverages	0.58%
5	Healthcare Global Enterprises Limited ₹11.18 Cr	Healthcare Services	0.50%
6	Cholamandalam Investment and Finance Company Ltd ₹10.96 Cr	Finance	0.49%
7	NTPC Limited ₹10.86 Cr	Power	0.49%
8	IndusInd Bank Limited ₹10.44 Cr	Banks	0.47%
9	Indus Towers Limited ₹9.80 Cr	Telecom - Services	0.44%
10	Jubilant Foodworks Limited ₹9.02 Cr	Leisure Services	0.40%
11	Gabriel India Limited ₹8.83 Cr	Auto Components	0.40%
12	Tata Consumer Products Limited ₹7.25 Cr	Agricultural Food & other Products	0.33%
13	Deepak Nitrite Limited ₹1.61 Cr	Chemicals & Petrochemicals	0.07%

#	Stock	Sector	Apr 2026	May 2026	Change
1	ICICI Bank Limited ₹142.20 Cr	Banks	4.08%	6.20%	+2.12%
2	Axis Bank Limited ₹50.11 Cr	Banks	1.67%	2.19%	+0.52%
3	TVS Motor Company Limited ₹18.26 Cr	Automobiles	0.46%	0.80%	+0.34%
4	Welspun Corp Limited ₹18.00 Cr	Industrial Products	0.49%	0.79%	+0.30%
5	Cipla Limited ₹26.16 Cr	Pharmaceuticals & Biotechnology	0.86%	1.14%	+0.28%
6	360 One WAM Limited ₹14.49 Cr	Capital Markets	0.37%	0.63%	+0.26%
7	Page Industries Limited ₹14.63 Cr	Textiles & Apparels	0.40%	0.64%	+0.24%
8	Aadhar Housing Finance Limited ₹11.13 Cr	Finance	0.27%	0.49%	+0.22%
9	Max Healthcare Institute Limited ₹22.60 Cr	Healthcare Services	0.79%	0.99%	+0.20%
10	Bharat Heavy Electricals Limited ₹32.43 Cr	Electrical Equipment	1.23%	1.41%	+0.18%
11	Power Grid Corporation of India Limited ₹10.71 Cr	Power	0.30%	0.47%	+0.17%
12	InterGlobe Aviation Limited ₹18.58 Cr	Transport Services	0.66%	0.81%	+0.15%
13	Swiggy Limited ₹14.47 Cr	Retailing	0.48%	0.63%	+0.15%
14	Sapphire Foods India Limited ₹9.70 Cr	Leisure Services	0.28%	0.42%	+0.14%
15	Reliance Industries Limited ₹77.63 Cr	Petroleum Products	3.26%	3.39%	+0.13%
16	Billionbrains Garage Ventures Ltd ₹16.42 Cr	Capital Markets	0.62%	0.72%	+0.10%
17	Coforge Limited ₹15.06 Cr	IT - Software	0.57%	0.66%	+0.09%
18	Delhivery Limited ₹15.86 Cr	Transport Services	0.61%	0.69%	+0.08%
19	Oil & Natural Gas Corporation Limited ₹20.98 Cr	Oil	0.84%	0.91%	+0.07%
20	Vedanta Limited ₹7.63 Cr	Diversified Metals	0.26%	0.33%	+0.07%
21	Cummins India Limited ₹13.47 Cr	Industrial Products	0.54%	0.59%	+0.05%
22	SRF Limited ₹14.86 Cr	Chemicals & Petrochemicals	0.62%	0.65%	+0.03%
23	Hyundai Motor India Ltd ₹13.28 Cr	Automobiles	0.56%	0.58%	+0.02%
24	JB Chemicals & Pharmaceuticals Limited ₹13.09 Cr	Pharmaceuticals & Biotechnology	0.55%	0.57%	+0.02%
25	Torrent Pharmaceuticals Limited ₹10.92 Cr	Pharmaceuticals & Biotechnology	0.47%	0.48%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Bharti Airtel Limited ₹32.08 Cr	Telecom - Services	2.50%	1.40%	-1.10%
2	Divi's Laboratories Limited ₹6.10 Cr	Pharmaceuticals & Biotechnology	0.91%	0.27%	-0.64%
3	State Bank of India ₹67.17 Cr	Banks	3.34%	2.93%	-0.41%
4	HDFC Bank Limited ₹116.59 Cr	Banks	5.42%	5.08%	-0.34%
5	Pidilite Industries Limited ₹15.92 Cr	Chemicals & Petrochemicals	0.98%	0.69%	-0.29%
6	UltraTech Cement Limited ₹15.42 Cr	Cement & Cement Products	0.87%	0.67%	-0.20%
7	Bajaj Finance Limited ₹17.39 Cr	Finance	0.94%	0.76%	-0.18%
8	PI Industries Limited ₹15.16 Cr	Fertilizers & Agrochemicals	0.84%	0.66%	-0.18%
9	ITC Limited ₹29.56 Cr	Diversified FMCG	1.46%	1.29%	-0.17%
10	Titan Company Limited ₹24.48 Cr	Consumer Durables	1.18%	1.07%	-0.11%
11	Mahindra & Mahindra Limited ₹44.72 Cr	Automobiles	2.04%	1.95%	-0.09%
12	Supreme Industries Limited ₹16.73 Cr	Industrial Products	0.82%	0.73%	-0.09%
13	Britannia Industries Limited ₹12.64 Cr	Food Products	0.62%	0.55%	-0.07%
14	United Spirits Limited ₹17.74 Cr	Beverages	0.83%	0.77%	-0.06%
15	Hindustan Unilever Limited ₹15.19 Cr	Diversified FMCG	0.71%	0.66%	-0.05%
16	Tenneco Clean Air India Limited ₹13.06 Cr	Auto Components	0.62%	0.57%	-0.05%
17	Aarti Industries Limited ₹12.16 Cr	Chemicals & Petrochemicals	0.58%	0.53%	-0.05%
18	Tata Consultancy Services Limited ₹8.96 Cr	IT - Software	0.44%	0.39%	-0.05%
19	Larsen & Toubro Limited ₹67.91 Cr	Construction	3.00%	2.96%	-0.04%
20	Sagility Limited ₹20.78 Cr	IT - Services	0.95%	0.91%	-0.04%
21	SBI Life Insurance Company Limited ₹31.77 Cr	Insurance	1.42%	1.39%	-0.03%
22	Kotak Mahindra Bank Limited ₹19.38 Cr	Banks	0.87%	0.85%	-0.02%
23	Sun Pharmaceutical Industries Limited ₹12.67 Cr	Pharmaceuticals & Biotechnology	0.57%	0.55%	-0.02%
24	Jindal Steel Limited ₹12.63 Cr	Ferrous Metals	0.57%	0.55%	-0.02%
25	Hindustan Aeronautics Limited ₹12.41 Cr	Aerospace & Defense	0.56%	0.54%	-0.02%
26	Tata Steel Limited ₹9.20 Cr	Ferrous Metals	0.42%	0.40%	-0.02%
27	Tata Power Company Limited ₹5.18 Cr	Power	0.25%	0.23%	-0.02%
28	Bajaj Finserv Limited ₹21.36 Cr	Finance	0.94%	0.93%	-0.01%
29	Eternal Limited ₹17.87 Cr	Retailing	0.79%	0.78%	-0.01%
30	DLF Limited ₹11.08 Cr	Realty	0.49%	0.48%	-0.01%
31	Shriram Finance Limited ₹7.78 Cr	Finance	0.35%	0.34%	-0.01%
32	Midwest Limited ₹6.08 Cr	Consumer Durables	0.28%	0.27%	-0.01%
33	Vedanta Iron And Steel Limited ₹2.62 Cr	Metals & Minerals Trading	0.12%	0.11%	-0.01%
34	Vedanta Aluminium Metal Limited ₹2.62 Cr	Metals & Minerals Trading	0.12%	0.11%	-0.01%
35	Malco Energy Limited ₹2.62 Cr	Power	0.12%	0.11%	-0.01%
36	Talwandi Sabo Power Limited ₹2.62 Cr	Power	0.12%	0.11%	-0.01%

What Stocks Does This Fund Hold?

75 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹142.20 Cr	Banks	6.20%
2	HDFC Bank Limited ₹116.59 Cr	Banks	5.08%
3	Reliance Industries Limited ₹77.63 Cr	Petroleum Products	3.39%
4	Larsen & Toubro Limited ₹67.91 Cr	Construction	2.96%
5	State Bank of India ₹67.17 Cr	Banks	2.93%
6	Axis Bank Limited ₹50.11 Cr	Banks	2.19%
7	Mahindra & Mahindra Limited ₹44.72 Cr	Automobiles	1.95%
8	Bharat Heavy Electricals Limited ₹32.43 Cr	Electrical Equipment	1.41%
9	Bharti Airtel Limited ₹32.08 Cr	Telecom - Services	1.40%
10	SBI Life Insurance Company Limited ₹31.77 Cr	Insurance	1.39%
11	ITC Limited ₹29.56 Cr	Diversified FMCG	1.29%
12	Cipla Limited ₹26.16 Cr	Pharmaceuticals & Biotechnology	1.14%
13	Titan Company Limited ₹24.48 Cr	Consumer Durables	1.07%
14	Max Healthcare Institute Limited ₹22.60 Cr	Healthcare Services	0.99%
15	Bajaj Finserv Limited ₹21.36 Cr	Finance	0.93%
16	Oil & Natural Gas Corporation Limited ₹20.98 Cr	Oil	0.91%
17	Sagility Limited ₹20.78 Cr	IT - Services	0.91%
18	Kotak Mahindra Bank Limited ₹19.38 Cr	Banks	0.85%
19	InterGlobe Aviation Limited ₹18.58 Cr	Transport Services	0.81%
20	TVS Motor Company Limited ₹18.26 Cr	Automobiles	0.80%
21	Welspun Corp Limited ₹18.00 Cr	Industrial Products	0.79%
22	Eternal Limited ₹17.87 Cr	Retailing	0.78%
23	United Spirits Limited ₹17.74 Cr	Beverages	0.77%
24	Bajaj Finance Limited ₹17.39 Cr	Finance	0.76%
25	Supreme Industries Limited ₹16.73 Cr	Industrial Products	0.73%
26	Billionbrains Garage Ventures Ltd ₹16.42 Cr	Capital Markets	0.72%
27	Vishal Mega Mart Limited ₹16.23 Cr	Retailing	0.71%
28	Pidilite Industries Limited ₹15.92 Cr	Chemicals & Petrochemicals	0.69%
29	Delhivery Limited ₹15.86 Cr	Transport Services	0.69%
30	UltraTech Cement Limited ₹15.42 Cr	Cement & Cement Products	0.67%
31	Hindustan Unilever Limited ₹15.19 Cr	Diversified FMCG	0.66%
32	PI Industries Limited ₹15.16 Cr	Fertilizers & Agrochemicals	0.66%
33	Coforge Limited ₹15.06 Cr	IT - Software	0.66%
34	SRF Limited ₹14.86 Cr	Chemicals & Petrochemicals	0.65%
35	Page Industries Limited ₹14.63 Cr	Textiles & Apparels	0.64%
36	Swiggy Limited ₹14.47 Cr	Retailing	0.63%
37	Minda Corporation Limited ₹14.50 Cr	Auto Components	0.63%
38	360 One WAM Limited ₹14.49 Cr	Capital Markets	0.63%
39	Radico Khaitan Limited ₹14.13 Cr	Beverages	0.62%
40	Sona BLW Precision Forgings Limited ₹13.97 Cr	Auto Components	0.61%
41	Cummins India Limited ₹13.47 Cr	Industrial Products	0.59%
42	Hyundai Motor India Ltd ₹13.28 Cr	Automobiles	0.58%
43	JB Chemicals & Pharmaceuticals Limited ₹13.09 Cr	Pharmaceuticals & Biotechnology	0.57%
44	Aavas Financiers Limited ₹13.06 Cr	Finance	0.57%
45	Tenneco Clean Air India Limited ₹13.06 Cr	Auto Components	0.57%
46	Jindal Steel Limited ₹12.63 Cr	Ferrous Metals	0.55%
47	Britannia Industries Limited ₹12.64 Cr	Food Products	0.55%
48	Sun Pharmaceutical Industries Limited ₹12.67 Cr	Pharmaceuticals & Biotechnology	0.55%
49	Hindustan Aeronautics Limited ₹12.41 Cr	Aerospace & Defense	0.54%
50	RBL Bank Limited ₹12.31 Cr	Banks	0.54%
51	Aarti Industries Limited ₹12.16 Cr	Chemicals & Petrochemicals	0.53%
52	Tech Mahindra Limited ₹11.67 Cr	IT - Software	0.51%
53	Godrej Consumer Products Limited ₹11.64 Cr	Personal Products	0.51%
54	Aadhar Housing Finance Limited ₹11.13 Cr	Finance	0.49%
55	Torrent Pharmaceuticals Limited ₹10.92 Cr	Pharmaceuticals & Biotechnology	0.48%
56	Lenskart Solutions Limited ₹11.06 Cr	Retailing	0.48%
57	DLF Limited ₹11.08 Cr	Realty	0.48%
58	Power Grid Corporation of India Limited ₹10.71 Cr	Power	0.47%
59	Chalet Hotels Limited ₹10.47 Cr	Leisure Services	0.46%
60	The Indian Hotels Company Limited ₹9.75 Cr	Leisure Services	0.43%
61	Sapphire Foods India Limited ₹9.70 Cr	Leisure Services	0.42%
62	Tata Steel Limited ₹9.20 Cr	Ferrous Metals	0.40%
63	Tata Consultancy Services Limited ₹8.96 Cr	IT - Software	0.39%
64	HDFC Life Insurance Company Limited ₹8.84 Cr	Insurance	0.39%
65	Ather Energy Limited ₹7.72 Cr	Automobiles	0.34%
66	Shriram Finance Limited ₹7.78 Cr	Finance	0.34%
67	Vedanta Limited ₹7.63 Cr	Diversified Metals	0.33%
68	Divi's Laboratories Limited ₹6.10 Cr	Pharmaceuticals & Biotechnology	0.27%
69	Midwest Limited ₹6.08 Cr	Consumer Durables	0.27%
70	Tata Power Company Limited ₹5.18 Cr	Power	0.23%
71	Sudeep Pharma Limited ₹3.31 Cr	Pharmaceuticals & Biotechnology	0.14%
72	Vedanta Iron And Steel Limited ₹2.62 Cr	Metals & Minerals Trading	0.11%
73	Vedanta Aluminium Metal Limited ₹2.62 Cr	Metals & Minerals Trading	0.11%
74	Malco Energy Limited ₹2.62 Cr	Power	0.11%
75	Talwandi Sabo Power Limited ₹2.62 Cr	Power	0.11%