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Flexi Cap · Axis Mutual Fund · AMFI code 141925Axis Flexi Cap Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹13,242 Cr
down ₹701 Cr vs Aug 2026
- Stocks held
- 66
- unchanged
- Top 10 weight
- 38.6%
- of the portfolio in its ten largest
- Cash & debt
- 9.7%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 49
Axis Flexi Cap Fund is an active equity fund in the Flexi Cap category from Axis Mutual Fund. In September 2026 it disclosed 66 stocks worth ₹13,242 Cr, down ₹701 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (7.5%), Eternal Limited (4.6%), Apar Industries Limited (4.2%); the ten largest together made up 38.6% of the portfolio, and Banks was the biggest sector at 19.3% of its equity. Cash and debt stood at 9.7%. Compared with Aug 2026 the fund entered 2 new stocks and exited 2.
Against 43 other Flexi Cap funds
Concentration
70%
Top-10 weight is higher than 70% of peers
Breadth
49%
Holds more stocks than 49% of peers
Cash
93%
Holds more cash than 93% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 7.52% | down 0.34 pts | ₹995 Cr | down ₹99.6 Cr | Trimmed |
| Cash, TREPS & receivables | 6.83% | down 2.15 pts | ₹904 Cr | down ₹348 Cr | Trimmed |
| Eternal Limited | 4.56% | up 0.12 pts | ₹604 Cr | down ₹15.3 Cr | Trimmed |
| Apar Industries Limited | 4.19% | up 0.14 pts | ₹555 Cr | down ₹10.2 Cr | Trimmed |
| Bajaj Finance Limited | 4.08% | down 0.19 pts | ₹540 Cr | down ₹54.9 Cr | Trimmed |
| Bharat Electronics Limited | 3.46% | down 0.05 pts | ₹458 Cr | down ₹30.8 Cr | Trimmed |
| Axis Bank Limited | 3.07% | down 0.02 pts | ₹406 Cr | down ₹24.5 Cr | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 3.05% | up 0.11 pts | ₹404 Cr | down ₹6 Cr | Trimmed |
| State Bank of India | 3.04% | down 0.15 pts | ₹403 Cr | down ₹42.2 Cr | Trimmed |
| 91 DAY T-BILL Debt | 2.91% | up 2.91 pts | ₹385 Cr | up ₹385 Cr | New |
| Sansera Engineering Limited | 2.73% | up 0.43 pts | ₹361 Cr | up ₹41.4 Cr | Added |
| Mahindra & Mahindra Limited | 2.42% | down 0.14 pts | ₹321 Cr | down ₹36.1 Cr | Trimmed |
| InterGlobe Aviation Limited | 2.39% | up 0.01 pts | ₹316 Cr | down ₹15.9 Cr | Trimmed |
| TVS Motor Company Limited | 2.38% | down 0.01 pts | ₹315 Cr | down ₹18.1 Cr | Trimmed |
| HDFC Bank Limited | 2.23% | up 0.11 pts | ₹295 Cr | down ₹13 L | Held |
| Bharti Airtel Limited | 2.14% | up 0.04 pts | ₹284 Cr | down ₹8.9 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.98% | down 0.18 pts | ₹262 Cr | down ₹38.4 Cr | Trimmed |
| One 97 Communications Limited | 1.82% | up 0.05 pts | ₹241 Cr | down ₹5.6 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.66% | up 0.01 pts | ₹220 Cr | down ₹10 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.57% | up 0.06 pts | ₹208 Cr | down ₹2.6 Cr | Trimmed |
| Navin Fluorine International Limited | 1.56% | up <0.01 pts | ₹206 Cr | down ₹10.8 Cr | Trimmed |
| Titan Company Limited | 1.56% | down 0.09 pts | ₹206 Cr | down ₹23.2 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.55% | down 0.01 pts | ₹205 Cr | down ₹11.9 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 1.54% | down 0.03 pts | ₹204 Cr | down ₹14.8 Cr | Trimmed |
| Infosys Limited | 1.54% | down 0.13 pts | ₹204 Cr | down ₹28.7 Cr | Trimmed |
| Welspun Corp Limited | 1.43% | up 0.24 pts | ₹190 Cr | up ₹22.8 Cr | Added |
| Solar Industries India Limited | 1.41% | up 0.04 pts | ₹187 Cr | down ₹3.9 Cr | Trimmed |
| PB Fintech Limited | 1.34% | down 0.83 pts | ₹177 Cr | down ₹125 Cr | Trimmed |
| Sai Life Sciences Limited | 1.29% | up 0.12 pts | ₹171 Cr | up ₹7.3 Cr | Added |
| Torrent Power Limited | 1.24% | up 0.09 pts | ₹164 Cr | up ₹4.1 Cr | Added |
| Cummins India Limited | 1.23% | down 0.02 pts | ₹163 Cr | down ₹11.8 Cr | Trimmed |
| IPCA Laboratories Limited | 1.21% | up 0.03 pts | ₹161 Cr | down ₹4 Cr | Trimmed |
| Bharat Forge Limited | 1.18% | up 0.20 pts | ₹156 Cr | up ₹20 Cr | Added |
| Fine Organic Industries Limited | 1.17% | up 0.02 pts | ₹155 Cr | down ₹4.8 Cr | Trimmed |
| Hindustan Aeronautics Limited | 1.08% | up 0.03 pts | ₹143 Cr | down ₹4.1 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 0.98% | down 0.04 pts | ₹130 Cr | down ₹12 Cr | Trimmed |
| L&T Finance Limited | 0.89% | down 0.13 pts | ₹118 Cr | down ₹25 Cr | Trimmed |
| Ujjivan Small Finance Bank Limited | 0.86% | up 0.02 pts | ₹114 Cr | down ₹2.7 Cr | Trimmed |
| Healthcare Global Enterprises Limited | 0.80% | down 0.04 pts | ₹106 Cr | down ₹10.7 Cr | Trimmed |
| Anthem Biosciences Limited | 0.78% | up 0.01 pts | ₹103 Cr | down ₹4.1 Cr | Trimmed |
| Azad Engineering Ltd | 0.76% | up 0.06 pts | ₹101 Cr | up ₹3.5 Cr | Added |
| The Federal Bank Limited | 0.75% | down 0.05 pts | ₹99.2 Cr | down ₹12.3 Cr | Trimmed |
| Onesource Specialty Pharma Limited | 0.69% | up 0.04 pts | ₹91.5 Cr | up ₹15 L | Held |
| KEI Industries Limited | 0.65% | down 0.15 pts | ₹86 Cr | down ₹24.8 Cr | Trimmed |
| Trent Limited | 0.64% | down 0.03 pts | ₹84.3 Cr | down ₹8.3 Cr | Trimmed |
| Sterlite Technologies Limited | 0.57% | up 0.14 pts | ₹75.5 Cr | up ₹15 Cr | Added |
| Kaynes Technology India Limited | 0.56% | up <0.01 pts | ₹74.7 Cr | down ₹3.9 Cr | Trimmed |
| TD Power Systems Limited | 0.54% | up 0.03 pts | ₹70.9 Cr | up ₹82 L | Added |
| Oil & Natural Gas Corporation Limited | 0.52% | down 0.09 pts | ₹69.2 Cr | down ₹16.7 Cr | Trimmed |
| Gokaldas Exports Limited | 0.50% | down 0.04 pts | ₹66.2 Cr | down ₹9 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (2)
- Aditya Infotech Limited0.2% · ₹22.2 Cr
- Sedemac Mechatronics Limited0.1% · ₹15.9 Cr
Exited Exited (2)
- Sobha Limitedwas <0.1% · ₹4.5 Cr
- Meesho Ltdwas <0.1% · ₹2.2 Cr
Added Biggest additions
- Sansera Engineering Limitedup ₹41.4 Cr (+0.43% pts)
- Welspun Corp Limitedup ₹22.8 Cr (+0.24% pts)
- Bharat Forge Limitedup ₹20 Cr (+0.20% pts)
- Sterlite Technologies Limitedup ₹15 Cr (+0.14% pts)
- Sai Life Sciences Limitedup ₹7.3 Cr (+0.12% pts)
- Cyient Dlm Ltdup ₹6.4 Cr (+0.06% pts)
- Neogen Chemicals Ltd.up ₹4.9 Cr (+0.05% pts)
- Torrent Power Limitedup ₹4.1 Cr (+0.09% pts)
- INDO-MIM Ltd.up ₹3.8 Cr (+0.03% pts)
- Azad Engineering Ltdup ₹3.5 Cr (+0.06% pts)
Trimmed Biggest reductions
- PB Fintech Limiteddown ₹125 Cr (−0.83% pts)
- ICICI Bank Limiteddown ₹99.6 Cr (−0.34% pts)
- UltraTech Cement Limiteddown ₹59.9 Cr (−0.41% pts)
- Bajaj Finance Limiteddown ₹54.9 Cr (−0.19% pts)
- State Bank of Indiadown ₹42.2 Cr (−0.15% pts)
- Cholamandalam Investment and Finance Company Limiteddown ₹38.4 Cr (−0.18% pts)
- Mahindra & Mahindra Limiteddown ₹36.1 Cr (−0.14% pts)
- Bharat Electronics Limiteddown ₹30.8 Cr (−0.05% pts)
- Infosys Limiteddown ₹28.7 Cr (−0.13% pts)
- L&T Finance Limiteddown ₹25 Cr (−0.13% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Auto Components (+0.7 pts) and Industrial Products (+0.3 pts), and fell most in Financial Technology (fintech) (−0.8 pts) and Finance (−0.5 pts).
- Auto Components4.5% → 5.1%+0.7 pts
- Industrial Products4.6% → 5.0%+0.3 pts
- Electrical Equipment9.2% → 9.5%+0.3 pts
- Industrial Manufacturing0.7% → 0.9%+0.2 pts
- Pharmaceuticals & Biotechnology4.9% → 5.1%+0.2 pts
- Chemicals & Petrochemicals5.3% → 5.5%+0.2 pts
- Financial Technology (fintech)4.3% → 3.5%−0.8 pts
- Finance8.2% → 7.7%−0.5 pts
- Cement & Cement Products0.8% → 0.3%−0.5 pts
- Banks19.7% → 19.3%−0.3 pts
- IT - Software1.8% → 1.7%−0.1 pts
- Automobiles5.4% → 5.3%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2026 | May 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Banks | 21.6% | 19.7% | 19.7% | 19.3% |
| Electrical Equipment | 6.6% | 8.9% | 9.2% | 9.5% |
| Finance | 8.0% | 8.2% | 8.2% | 7.7% |
| Retailing | 6.6% | 7.0% | 7.1% | 7.2% |
| Chemicals & Petrochemicals | 3.8% | 4.4% | 5.3% | 5.5% |
| Aerospace & Defense | 5.7% | 5.3% | 5.3% | 5.4% |
| Automobiles | 4.4% | 4.8% | 5.4% | 5.3% |
| Auto Components | 3.0% | 3.7% | 4.5% | 5.1% |
| Pharmaceuticals & Biotechnology | 6.2% | 6.4% | 4.9% | 5.1% |
| Industrial Products | 2.3% | 4.6% | 4.6% | 5.0% |
Allocation in Sep 2026change vs Aug 2026
- Banks (6)19.3%▼ 0.3 pts
- Electrical Equipment (5)9.5%▲ 0.3 pts
- Finance (3)7.7%▼ 0.5 pts
- Retailing (4)7.2%▲ 0.1 pts
- Chemicals & Petrochemicals (5)5.5%▲ 0.2 pts
- Aerospace & Defense (3)5.4%▲ 0.1 pts
- Automobiles (2)5.3%▼ 0.1 pts
- Auto Components (4)5.1%▲ 0.7 pts
- Pharmaceuticals & Biotechnology (6)5.1%▲ 0.2 pts
- Industrial Products (4)5.0%▲ 0.3 pts
- Healthcare Services (2)4.3%▲ 0.1 pts
- Financial Technology (fintech) (2)3.5%▼ 0.8 pts
- Transport Services (1)2.6%
- Telecom - Services (1)2.4%▲ 0.1 pts
- Leisure Services (2)2.0%▲ 0.1 pts
- Consumer Durables (2)1.8%▼ 0.1 pts
- IT - Software (1)1.7%▼ 0.1 pts
- Power (1)1.4%▲ 0.1 pts
- Industrial Manufacturing (3)0.9%▲ 0.2 pts
- Telecom - Equipment & Accessories (1)0.6%▲ 0.2 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
9.7%
▲ 0.8 pts vs Aug 2026
- Cash alone
- 6.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 7.9% – 10.8%
- lowest to highest · record 10.8% in Jan 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
All 7 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹13,242 Cr | 66 | 2 | 2 | 6.8% | 9.7% | 1% |
| Aug 2026 | ₹13,943 Cr | 66 | 5 | 1 | 9.0% | 9.0% | 3% |
| Jul 2026 | ₹13,478 Cr | 62 | 3 | 4 | 7.9% | 7.9% | 2% |
| May 2026 | ₹12,625 Cr | 63 | 6 | 3 | 8.6% | 8.6% | 5% |
| Mar 2026 | ₹11,413 Cr | 60 | 2 | 0 | 10.2% | 10.2% | — |
| Feb 2026 | ₹12,871 Cr | 58 | 1 | 2 | 9.7% | 9.7% | — |
| Jan 2026 | ₹12,639 Cr | 59 | 10.8% | 10.8% | — |