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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹1,748.88 Cr

Equity only, excl. debt & cash

AAUM

₹1,980.66 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

17.7%

Diversified

Top 10 Weight

26.0%

Diversified

Changes

9 new · 3 exits

Top Sector

Banks

17.1% of portfolio

Launch Date

30 Jun 2010

10+ year track record

AAUM (Average Assets Under Management) of ₹1,980.66 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Axis Multi Asset Allocation Fund made 9 new additions and exited 3 stocks this month. The biggest new buy was Aurobindo Pharma Limited (Pharmaceuticals & Biotechnology) at 0.85% weight. TVS Motor Company Limited was the biggest exit (Automobiles), which was held at 0.68%. Among existing holdings, Bharti Airtel Limited saw the biggest increase — now at 2.79% of the portfolio. Torrent Pharmaceuticals Limited was trimmed the most, now at 0.50%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 17.1%. ↓ 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

-4.78%

-3.98%

-2.15%

+0.74%

Latest NAV

₹49.96

23 Oct 2026

52W High

₹54.51

-8% from High

52W Low

₹44.13

+13% 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 90% windows

59.7% / -12.4%

3Y Rolling Avg

13.0% p.a.

+ve in 100% windows

24.4% / 0.7%

5Y Rolling Avg

13.6% p.a.

+ve in 100% windows

20.5% / 8.1%

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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.51

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.70

Penalises downside volatility only.

Std Deviation (3Y)

10.7%

Lower = more consistent returns.

NAV Chart ₹49.96 23 Oct 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: ₹49.96

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	16.7%	16.7%	● -0.1%
Automobiles	4.7%	3.7%	▼ -1.0%
IT - Software	2.3%	3.5%	▲ +1.2%
Retailing	2.7%	2.9%	▲ +0.2%
Finance	3.3%	2.7%	▼ -0.6%
Construction	2.6%	2.5%	● 0.0%
Pharmaceuticals & Biotechnology	3.7%	2.5%	▼ -1.2%
Consumer Durables	2.2%	2.3%	▲ +0.1%
Electrical Equipment	1.7%	2.2%	▲ +0.5%
Telecom - Services	2.5%	2.2%	▼ -0.3%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	16.7%	17.1%	▲ +0.4%
Pharmaceuticals & Biotechnology	2.5%	4.0%	▲ +1.5%
Finance	2.7%	3.7%	▲ +1.0%
IT - Software	3.5%	3.5%	● +0.0%
Telecom - Services	2.2%	2.8%	▲ +0.6%
Automobiles	3.7%	2.6%	▼ -1.0%
Retailing	2.9%	2.6%	▼ -0.4%
Petroleum Products	2.1%	2.5%	▲ +0.4%
Construction	2.5%	2.1%	▼ -0.4%
Consumer Durables	2.3%	2.0%	▼ -0.3%

🟢

Biggest New Buy

Aurobindo Pharma Limited

0.85% weight · Pharmaceuticals & Biotechnology

🔴

Biggest Exit

TVS Motor Company Limited

0.68% was held · Automobiles

↑

Biggest Add

Bharti Airtel Limited

+0.61% · now 2.79%

↓

Biggest Trim

Torrent Pharmaceuticals Limited

-0.40% · now 0.50%

🤝 Other funds also bought this month

Gland Pharma Limited 34 funds

Dr. Reddy's Laboratories Limited 33 funds

InterGlobe Aviation Limited 28 funds

Aurobindo Pharma Limited 23 funds

Info Edge (India) Limited 22 funds

Cholamandalam Investment and Finance Company Ltd 20 funds

👋 Other funds also exited

TVS Motor Company Limited 24 funds

Welspun Corp Limited 19 funds

Tata Power Company Limited 18 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 9 New Entries 🔴 3 Exits ↑ 20 Increased ↓ 51 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Aurobindo Pharma Limited ₹22.24 Cr	Pharmaceuticals & Biotechnology	0.85%
2	Cholamandalam Investment and Finance Company Ltd ₹17.26 Cr	Finance	0.66%
3	Gland Pharma Limited ₹11.42 Cr	Pharmaceuticals & Biotechnology	0.44%
4	Jindal Stainless Limited ₹10.69 Cr	Ferrous Metals	0.41%
5	InterGlobe Aviation Limited ₹6.75 Cr	Transport Services	0.26%
6	Dr. Reddy's Laboratories Limited ₹5.16 Cr	Pharmaceuticals & Biotechnology	0.20%
7	Syngene International Limited ₹1.91 Cr	Healthcare Services	0.07%
8	Info Edge (India) Limited ₹1.01 Cr	Retailing	0.04%
9	Ashok Leyland Limited ₹61.68 L	Agricultural, Commercial & Construction Vehicles	0.02%

#	Stock	Sector	Last Weight (Aug 2026)
1	TVS Motor Company Limited ₹17.64 Cr	Automobiles	0.68%
2	Welspun Corp Limited ₹12.99 Cr	Industrial Products	0.50%
3	Tata Power Company Limited ₹4.28 Cr	Power	0.16%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Bharti Airtel Limited ₹73.10 Cr	Telecom - Services	2.18%	2.79%	+0.61%
2	HDFC Bank Limited ₹110.78 Cr	Banks	3.65%	4.23%	+0.58%
3	PNB Housing Finance Limited ₹19.86 Cr	Finance	0.20%	0.76%	+0.56%
4	Sun Pharmaceutical Industries Limited ₹25.77 Cr	Pharmaceuticals & Biotechnology	0.54%	0.98%	+0.44%
5	Reliance Industries Limited ₹64.90 Cr	Petroleum Products	2.09%	2.48%	+0.39%
6	Axis Bank Limited ₹68.12 Cr	Banks	2.24%	2.60%	+0.36%
7	UltraTech Cement Limited ₹27.81 Cr	Cement & Cement Products	0.76%	1.06%	+0.30%
8	Tata Steel Limited ₹20.97 Cr	Ferrous Metals	0.51%	0.80%	+0.29%
9	Indo-MIM Limited ₹25.11 Cr	Industrial Manufacturing	0.68%	0.96%	+0.28%
10	Tech Mahindra Limited ₹26.54 Cr	IT - Software	0.81%	1.01%	+0.20%
11	Kotak Mahindra Bank Limited ₹36.70 Cr	Banks	1.22%	1.40%	+0.18%
12	HCL Technologies Limited ₹16.51 Cr	IT - Software	0.51%	0.63%	+0.12%
13	JK Cement Limited ₹13.65 Cr	Cement & Cement Products	0.42%	0.52%	+0.10%
14	Tata Consumer Products Limited ₹20.16 Cr	Agricultural Food & other Products	0.69%	0.77%	+0.08%
15	Marico Limited ₹19.90 Cr	Agricultural Food & other Products	0.71%	0.76%	+0.05%
16	JSW Infrastructure Ltd ₹18.46 Cr	Transport Infrastructure	0.67%	0.71%	+0.04%
17	Emcure Pharmaceuticals Limited ₹11.99 Cr	Pharmaceuticals & Biotechnology	0.44%	0.46%	+0.02%
18	Sona BLW Precision Forgings Limited ₹17.76 Cr	Auto Components	0.67%	0.68%	+0.01%
19	Lenskart Solutions Limited ₹14.47 Cr	Retailing	0.54%	0.55%	+0.01%
20	Shriram Pistons & Rings Limited ₹13.04 Cr	Auto Components	0.49%	0.50%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Torrent Pharmaceuticals Limited ₹12.98 Cr	Pharmaceuticals & Biotechnology	0.90%	0.50%	-0.40%
2	The Federal Bank Limited ₹5.08 Cr	Banks	0.58%	0.19%	-0.39%
3	Larsen & Toubro Limited ₹55.64 Cr	Construction	2.51%	2.13%	-0.38%
4	TD Power Systems Limited ₹20.14 Cr	Electrical Equipment	1.09%	0.77%	-0.32%
5	One 97 Communications Limited ₹19.53 Cr	Financial Technology (Fintech)	1.04%	0.75%	-0.29%
6	Sapphire Foods India Limited ₹15.75 Cr	Leisure Services	0.86%	0.60%	-0.26%
7	ICICI Bank Limited ₹145.61 Cr	Banks	5.82%	5.57%	-0.25%
8	Eternal Limited ₹9.16 Cr	Retailing	0.57%	0.35%	-0.22%
9	Tata Consultancy Services Limited ₹31.16 Cr	IT - Software	1.40%	1.19%	-0.21%
10	Dhoot Transmission Ltd ₹3.08 Cr	Automobile and Auto Components	0.30%	0.12%	-0.18%
11	Mahindra & Mahindra Limited ₹40.48 Cr	Automobiles	1.72%	1.55%	-0.17%
12	Max Healthcare Institute Limited ₹6.20 Cr	Healthcare Services	0.40%	0.24%	-0.16%
13	Bajaj Finance Limited ₹29.83 Cr	Finance	1.26%	1.14%	-0.12%
14	Titan Company Limited ₹27.55 Cr	Consumer Durables	1.17%	1.05%	-0.12%
15	Swiggy Limited ₹24.84 Cr	Retailing	1.07%	0.95%	-0.12%
16	Ather Energy Limited ₹14.49 Cr	Automobiles	0.67%	0.55%	-0.12%
17	Amber Enterprises India Limited ₹18.37 Cr	Consumer Durables	0.80%	0.70%	-0.10%
18	Fortis Healthcare Limited ₹12.89 Cr	Healthcare Services	0.58%	0.49%	-0.09%
19	Sagility Limited ₹21.56 Cr	IT - Services	0.91%	0.82%	-0.09%
20	Coforge Limited ₹14.92 Cr	IT - Software	0.65%	0.57%	-0.08%
21	United Spirits Limited ₹18.91 Cr	Beverages	0.80%	0.72%	-0.08%
22	Canara Bank ₹25.72 Cr	Banks	1.05%	0.98%	-0.07%
23	360 One WAM Limited ₹13.51 Cr	Capital Markets	0.59%	0.52%	-0.07%
24	Vishal Mega Mart Limited ₹18.15 Cr	Retailing	0.76%	0.69%	-0.07%
25	Midwest Limited ₹7.68 Cr	Consumer Durables	0.36%	0.29%	-0.07%
26	ABB India Limited ₹13.54 Cr	Electrical Equipment	0.58%	0.52%	-0.06%
27	Britannia Industries Limited ₹11.73 Cr	Food Products	0.49%	0.45%	-0.04%
28	Cummins India Limited ₹15.10 Cr	Industrial Products	0.62%	0.58%	-0.04%
29	Hyundai Motor India Ltd ₹14.02 Cr	Automobiles	0.58%	0.54%	-0.04%
30	Aadhar Housing Finance Limited ₹13.83 Cr	Finance	0.57%	0.53%	-0.04%
31	Tata Motors Ltd ₹9.15 Cr	Agricultural, Commercial & Construction Vehicles	0.39%	0.35%	-0.04%
32	Vedanta Aluminium Metal Limited ₹17.30 Cr	Metals & Minerals Trading	0.70%	0.66%	-0.04%
33	Bajaj Finserv Limited ₹5.47 Cr	Finance	0.24%	0.21%	-0.03%
34	SBI Life Insurance Company Limited ₹29.45 Cr	Insurance	1.16%	1.13%	-0.03%
35	GE Vernova T&D India Limited ₹13.31 Cr	Electrical Equipment	0.54%	0.51%	-0.03%
36	Coromandel International Limited ₹9.63 Cr	Fertilizers & Agrochemicals	0.40%	0.37%	-0.03%
37	Hindustan Zinc Limited ₹11.89 Cr	Non - Ferrous Metals	0.48%	0.45%	-0.03%
38	CreditAccess Grameen Limited ₹11.04 Cr	Finance	0.45%	0.42%	-0.03%
39	Chalet Hotels Limited ₹11.27 Cr	Leisure Services	0.46%	0.43%	-0.03%
40	Doms Industries Limited ₹15.10 Cr	Household Products	0.61%	0.58%	-0.03%
41	NTPC Limited ₹25.76 Cr	Power	1.00%	0.98%	-0.02%
42	Hindustan Aeronautics Limited ₹15.70 Cr	Aerospace & Defense	0.62%	0.60%	-0.02%
43	Godrej Consumer Products Limited ₹10.41 Cr	Personal Products	0.42%	0.40%	-0.02%
44	Alkem Laboratories Limited ₹14.55 Cr	Pharmaceuticals & Biotechnology	0.58%	0.56%	-0.02%
45	Infosys Limited ₹2.35 Cr	IT - Software	0.10%	0.09%	-0.01%
46	State Bank of India ₹54.52 Cr	Banks	2.09%	2.08%	-0.01%
47	Oil & Natural Gas Corporation Limited ₹12.55 Cr	Oil	0.49%	0.48%	-0.01%
48	The Indian Hotels Company Limited ₹14.36 Cr	Leisure Services	0.56%	0.55%	-0.01%
49	PI Industries Limited ₹6.83 Cr	Fertilizers & Agrochemicals	0.27%	0.26%	-0.01%
50	Krishna Institute Of Medical Sciences Limited ₹11.64 Cr	Healthcare Services	0.45%	0.44%	-0.01%
51	Minda Corporation Limited ₹16.09 Cr	Auto Components	0.63%	0.62%	-0.01%

What Stocks Does This Fund Hold?

82 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹145.61 Cr	Banks	5.57%
2	HDFC Bank Limited ₹110.78 Cr	Banks	4.23%
3	Bharti Airtel Limited ₹73.10 Cr	Telecom - Services	2.79%
4	Axis Bank Limited ₹68.12 Cr	Banks	2.60%
5	Reliance Industries Limited ₹64.90 Cr	Petroleum Products	2.48%
6	Larsen & Toubro Limited ₹55.64 Cr	Construction	2.13%
7	State Bank of India ₹54.52 Cr	Banks	2.08%
8	Mahindra & Mahindra Limited ₹40.48 Cr	Automobiles	1.55%
9	Kotak Mahindra Bank Limited ₹36.70 Cr	Banks	1.40%
10	Tata Consultancy Services Limited ₹31.16 Cr	IT - Software	1.19%
11	Bajaj Finance Limited ₹29.83 Cr	Finance	1.14%
12	SBI Life Insurance Company Limited ₹29.45 Cr	Insurance	1.13%
13	UltraTech Cement Limited ₹27.81 Cr	Cement & Cement Products	1.06%
14	Titan Company Limited ₹27.55 Cr	Consumer Durables	1.05%
15	Tech Mahindra Limited ₹26.54 Cr	IT - Software	1.01%
16	Sun Pharmaceutical Industries Limited ₹25.77 Cr	Pharmaceuticals & Biotechnology	0.98%
17	NTPC Limited ₹25.76 Cr	Power	0.98%
18	Canara Bank ₹25.72 Cr	Banks	0.98%
19	Indo-MIM Limited ₹25.11 Cr	Industrial Manufacturing	0.96%
20	Swiggy Limited ₹24.84 Cr	Retailing	0.95%
21	Aurobindo Pharma Limited ₹22.24 Cr	Pharmaceuticals & Biotechnology	0.85%
22	Sagility Limited ₹21.56 Cr	IT - Services	0.82%
23	Tata Steel Limited ₹20.97 Cr	Ferrous Metals	0.80%
24	TD Power Systems Limited ₹20.14 Cr	Electrical Equipment	0.77%
25	Tata Consumer Products Limited ₹20.16 Cr	Agricultural Food & other Products	0.77%
26	PNB Housing Finance Limited ₹19.86 Cr	Finance	0.76%
27	Marico Limited ₹19.90 Cr	Agricultural Food & other Products	0.76%
28	One 97 Communications Limited ₹19.53 Cr	Financial Technology (Fintech)	0.75%
29	United Spirits Limited ₹18.91 Cr	Beverages	0.72%
30	JSW Infrastructure Ltd ₹18.46 Cr	Transport Infrastructure	0.71%
31	Amber Enterprises India Limited ₹18.37 Cr	Consumer Durables	0.70%
32	Vishal Mega Mart Limited ₹18.15 Cr	Retailing	0.69%
33	Sona BLW Precision Forgings Limited ₹17.76 Cr	Auto Components	0.68%
34	Cholamandalam Investment and Finance Company Ltd ₹17.26 Cr	Finance	0.66%
35	Vedanta Aluminium Metal Limited ₹17.30 Cr	Metals & Minerals Trading	0.66%
36	HCL Technologies Limited ₹16.51 Cr	IT - Software	0.63%
37	Minda Corporation Limited ₹16.09 Cr	Auto Components	0.62%
38	Hindustan Aeronautics Limited ₹15.70 Cr	Aerospace & Defense	0.60%
39	Sapphire Foods India Limited ₹15.75 Cr	Leisure Services	0.60%
40	Cummins India Limited ₹15.10 Cr	Industrial Products	0.58%
41	Doms Industries Limited ₹15.10 Cr	Household Products	0.58%
42	Coforge Limited ₹14.92 Cr	IT - Software	0.57%
43	Alkem Laboratories Limited ₹14.55 Cr	Pharmaceuticals & Biotechnology	0.56%
44	Lenskart Solutions Limited ₹14.47 Cr	Retailing	0.55%
45	Ather Energy Limited ₹14.49 Cr	Automobiles	0.55%
46	The Indian Hotels Company Limited ₹14.36 Cr	Leisure Services	0.55%
47	Hyundai Motor India Ltd ₹14.02 Cr	Automobiles	0.54%
48	Page Industries Limited ₹13.94 Cr	Textiles & Apparels	0.53%
49	Aadhar Housing Finance Limited ₹13.83 Cr	Finance	0.53%
50	ABB India Limited ₹13.54 Cr	Electrical Equipment	0.52%
51	360 One WAM Limited ₹13.51 Cr	Capital Markets	0.52%
52	JK Cement Limited ₹13.65 Cr	Cement & Cement Products	0.52%
53	GE Vernova T&D India Limited ₹13.31 Cr	Electrical Equipment	0.51%
54	Torrent Pharmaceuticals Limited ₹12.98 Cr	Pharmaceuticals & Biotechnology	0.50%
55	Shriram Pistons & Rings Limited ₹13.04 Cr	Auto Components	0.50%
56	Fortis Healthcare Limited ₹12.89 Cr	Healthcare Services	0.49%
57	Oil & Natural Gas Corporation Limited ₹12.55 Cr	Oil	0.48%
58	Delhivery Limited ₹12.46 Cr	Transport Services	0.48%
59	Emcure Pharmaceuticals Limited ₹11.99 Cr	Pharmaceuticals & Biotechnology	0.46%
60	Hindustan Zinc Limited ₹11.89 Cr	Non - Ferrous Metals	0.45%
61	Britannia Industries Limited ₹11.73 Cr	Food Products	0.45%
62	Krishna Institute Of Medical Sciences Limited ₹11.64 Cr	Healthcare Services	0.44%
63	Gland Pharma Limited ₹11.42 Cr	Pharmaceuticals & Biotechnology	0.44%
64	Chalet Hotels Limited ₹11.27 Cr	Leisure Services	0.43%
65	CreditAccess Grameen Limited ₹11.04 Cr	Finance	0.42%
66	Jindal Stainless Limited ₹10.69 Cr	Ferrous Metals	0.41%
67	Godrej Consumer Products Limited ₹10.41 Cr	Personal Products	0.40%
68	Coromandel International Limited ₹9.63 Cr	Fertilizers & Agrochemicals	0.37%
69	Tata Motors Ltd ₹9.15 Cr	Agricultural, Commercial & Construction Vehicles	0.35%
70	Eternal Limited ₹9.16 Cr	Retailing	0.35%
71	Midwest Limited ₹7.68 Cr	Consumer Durables	0.29%
72	PI Industries Limited ₹6.83 Cr	Fertilizers & Agrochemicals	0.26%
73	InterGlobe Aviation Limited ₹6.75 Cr	Transport Services	0.26%
74	Max Healthcare Institute Limited ₹6.20 Cr	Healthcare Services	0.24%
75	Bajaj Finserv Limited ₹5.47 Cr	Finance	0.21%
76	Dr. Reddy's Laboratories Limited ₹5.16 Cr	Pharmaceuticals & Biotechnology	0.20%
77	The Federal Bank Limited ₹5.08 Cr	Banks	0.19%
78	Dhoot Transmission Ltd ₹3.08 Cr	Automobile and Auto Components	0.12%
79	Infosys Limited ₹2.35 Cr	IT - Software	0.09%
80	Syngene International Limited ₹1.91 Cr	Healthcare Services	0.07%
81	Info Edge (India) Limited ₹1.01 Cr	Retailing	0.04%
82	Ashok Leyland Limited ₹61.68 L	Agricultural, Commercial & Construction Vehicles	0.02%