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Sectoral / Thematic · Axis Mutual Fund · AMFI code 148631Axis Innovation Fund
Disclosed for 6 months, Jan 2026 to Sep 2026.
Portfolio value
₹1,345 Cr
down ₹17.3 Cr vs Aug 2026
- Stocks held
- 76
- up 2 vs Aug 2026
- Top 10 weight
- 29.6%
- of the portfolio in its ten largest
- Cash & debt
- 6.8%
- cash, money market and debt
- Moves this month
- 3 in · 1 out
- added to 10, trimmed 43
Axis Innovation Fund is an active equity fund in the Sectoral / Thematic category from Axis Mutual Fund. In September 2026 it disclosed 76 stocks worth ₹1,345 Cr, down ₹17.3 Cr from Aug 2026. Its largest positions were Eternal Limited (5.0%), One 97 Communications Limited (3.6%), Ather Energy Limited (3.2%); the ten largest together made up 29.6% of the portfolio, and Retailing was the biggest sector at 19.2% of its equity. Cash and debt stood at 6.8%. Compared with Aug 2026 the fund entered 3 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
7%
Top-10 weight is higher than 7% of peers
Breadth
95%
Holds more stocks than 95% of peers
Cash
86%
Holds more cash than 86% 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.
| Cash, TREPS & receivables | 6.43% | up 4.63 pts | ₹86.5 Cr | up ₹62 Cr | Added |
| Eternal Limited | 4.97% | down 0.31 pts | ₹66.9 Cr | down ₹5.1 Cr | Trimmed |
| One 97 Communications Limited | 3.63% | down 0.50 pts | ₹48.8 Cr | down ₹7.5 Cr | Trimmed |
| Ather Energy Limited | 3.18% | down 0.60 pts | ₹42.8 Cr | down ₹8.8 Cr | Trimmed |
| Lenskart Solutions Limited | 3.07% | up 0.14 pts | ₹41.3 Cr | up ₹1.4 Cr | Added |
| FSN E-Commerce Ventures Limited | 2.83% | down 0.22 pts | ₹38 Cr | down ₹3.5 Cr | Trimmed |
| Aether Industries Ltd. | 2.72% | up 0.05 pts | ₹36.6 Cr | up ₹17 L | Held |
| Meesho Ltd | 2.40% | up 0.26 pts | ₹32.3 Cr | up ₹3.2 Cr | Added |
| Billionbrains Garage Ventures Ltd | 2.32% | down 1.10 pts | ₹31.2 Cr | down ₹15.4 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 2.29% | up 0.08 pts | ₹30.9 Cr | up ₹63 L | Added |
| Industries Limited | 2.23% | up 0.04 pts | ₹30 Cr | up ₹10 L | Held |
| INDO-MIM Ltd. | 2.11% | up 0.64 pts | ₹28.4 Cr | up ₹8.4 Cr | Added |
| Affle (India) Limited | 1.97% | down 0.09 pts | ₹26.4 Cr | down ₹1.5 Cr | Trimmed |
| Black Buck Ltd | 1.95% | up 0.07 pts | ₹26.3 Cr | up ₹61 L | Added |
| Siemens Limited | 1.94% | down 0.13 pts | ₹26.1 Cr | down ₹2.1 Cr | Trimmed |
| Neogen Chemicals Ltd. | 1.90% | up 0.72 pts | ₹25.6 Cr | up ₹9.5 Cr | Added |
| Sai Life Sciences Limited | 1.87% | down 0.06 pts | ₹25.2 Cr | down ₹1.1 Cr | Trimmed |
| Capillary Technologies India Ltd. | 1.74% | up 0.23 pts | ₹23.5 Cr | up ₹2.8 Cr | Added |
| Divi's Laboratories Limited | 1.72% | down 0.51 pts | ₹23.1 Cr | down ₹7.3 Cr | Trimmed |
| Wakefit Innovations Limited | 1.68% | down 0.01 pts | ₹22.5 Cr | down ₹46 L | Trimmed |
| PI Industries Limited | 1.66% | up 0.09 pts | ₹22.3 Cr | up ₹88 L | Added |
| Urban Company Ltd. | 1.60% | down 0.08 pts | ₹21.6 Cr | down ₹1.3 Cr | Trimmed |
| Bajaj Finserv Limited | 1.60% | down 0.24 pts | ₹21.5 Cr | down ₹3.6 Cr | Trimmed |
| Pidilite Industries Limited | 1.55% | down 0.21 pts | ₹20.8 Cr | down ₹3.2 Cr | Trimmed |
| Jain Resource Recycling Limited | 1.53% | up 0.10 pts | ₹20.6 Cr | up ₹1.1 Cr | Added |
| Nvidia Corp Nvidia Corp Com · history in this fund | 1.50% | up 0.08 pts | ₹20.2 Cr | up ₹78 L | Added |
| Info Edge (India) Limited | 1.43% | down 1.16 pts | ₹19.3 Cr | down ₹16.1 Cr | Trimmed |
| PB Fintech Limited | 1.42% | down 1.05 pts | ₹19.1 Cr | down ₹14.6 Cr | Trimmed |
| Delhivery Limited | 1.42% | down 0.09 pts | ₹19.1 Cr | down ₹1.5 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.38% | down 0.06 pts | ₹18.5 Cr | down ₹1.1 Cr | Trimmed |
| Linde India Limited | 1.37% | up <0.01 pts | ₹18.4 Cr | down ₹18 L | Trimmed |
| Kusumgar Limited | 1.35% | up 0.06 pts | ₹18.2 Cr | up ₹59 L | Added |
| Bharat Electronics Limited | 1.34% | down 0.07 pts | ₹18 Cr | down ₹1.2 Cr | Trimmed |
| Sagility Limited | 1.33% | down 0.12 pts | ₹17.9 Cr | down ₹1.9 Cr | Trimmed |
| Swiggy Limited | 1.33% | down 0.15 pts | ₹17.9 Cr | down ₹2.3 Cr | Trimmed |
| Pine Labs Limited | 1.31% | up 0.08 pts | ₹17.7 Cr | up ₹80 L | Added |
| Bank Nifty Index October 2026 Future Derivative | 1.23% | up 1.23 pts | ₹16.5 Cr | up ₹16.5 Cr | New |
| Taiwan Semiconductor Taiwan Semiconductor-Sp Adr · history in this fund | 1.19% | up 0.13 pts | ₹16 Cr | up ₹1.5 Cr | Added |
| TBO Tek Limited | 1.19% | down 0.03 pts | ₹16 Cr | down ₹57 L | Trimmed |
| Siemens Energy India Limited | 1.07% | up <0.01 pts | ₹14.4 Cr | down ₹13 L | Trimmed |
| Microsoft Corp | 1.05% | up 0.03 pts | ₹14.1 Cr | up ₹23 L | Added |
| Bosch Limited | 0.95% | down 0.05 pts | ₹12.8 Cr | down ₹79 L | Trimmed |
| Alphabet Inc. | 0.93% | up 0.03 pts | ₹12.5 Cr | up ₹24 L | Added |
| Dhoot Transmission Ltd | 0.89% | up 0.23 pts | ₹12 Cr | up ₹2.9 Cr | Added |
| Rubicon Research Limited | 0.88% | up 0.18 pts | ₹11.8 Cr | up ₹2.3 Cr | Added |
| Honeywell Automation India Limited | 0.82% | down 0.04 pts | ₹11 Cr | down ₹68 L | Trimmed |
| Amazon Com Inc | 0.79% | down 0.02 pts | ₹10.7 Cr | down ₹39 L | Trimmed |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 0.77% | up 0.17 pts | ₹10.3 Cr | up ₹2.2 Cr | Added |
| Ellenbarrie Industrial Gases Limited | 0.72% | up 0.08 pts | ₹9.7 Cr | up ₹94 L | Added |
| Dixon Technologies (India) Limited | 0.71% | down 0.08 pts | ₹9.6 Cr | down ₹1.3 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (3)
- Onemi Technology Solutions Limited0.6% · ₹8.5 Cr
- Cyient Dlm Ltd0.2% · ₹2.1 Cr
- Syngene International Limited0.1% · ₹1.3 Cr
Exited Exited (1)
- Mahindra & Mahindra Limitedwas 1.2% · ₹16.6 Cr
Added Biggest additions
- Neogen Chemicals Ltd.up ₹9.5 Cr (+0.72% pts)
- INDO-MIM Ltd.up ₹8.4 Cr (+0.64% pts)
- Meesho Ltdup ₹3.2 Cr (+0.26% pts)
- Dhoot Transmission Ltdup ₹2.9 Cr (+0.23% pts)
- Capillary Technologies India Ltd.up ₹2.8 Cr (+0.23% pts)
- Rubicon Research Limitedup ₹2.3 Cr (+0.18% pts)
- Meta Platformsup ₹2.2 Cr (+0.17% pts)
- Taiwan Semiconductorup ₹1.5 Cr (+0.13% pts)
- Lenskart Solutions Limitedup ₹1.4 Cr (+0.14% pts)
- Advanced Micro Devices Incup ₹1.3 Cr (+0.10% pts)
Trimmed Biggest reductions
- Info Edge (India) Limiteddown ₹16.1 Cr (−1.16% pts)
- Billionbrains Garage Ventures Ltddown ₹15.4 Cr (−1.10% pts)
- PB Fintech Limiteddown ₹14.6 Cr (−1.05% pts)
- Jyoti CNC Automation Ltddown ₹10.8 Cr (−0.79% pts)
- Ather Energy Limiteddown ₹8.8 Cr (−0.60% pts)
- One 97 Communications Limiteddown ₹7.5 Cr (−0.50% pts)
- Divi's Laboratories Limiteddown ₹7.3 Cr (−0.51% pts)
- Eternal Limiteddown ₹5.1 Cr (−0.31% pts)
- Bajaj Finserv Limiteddown ₹3.6 Cr (−0.24% pts)
- FSN E-Commerce Ventures Limiteddown ₹3.5 Cr (−0.22% 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 Chemicals & Petrochemicals (+1.1 pts) and Finance (+0.5 pts), and fell most in Automobiles (−1.7 pts) and Financial Technology (fintech) (−1.2 pts).
- Chemicals & Petrochemicals7.9% → 9.0%+1.1 pts
- Finance1.9% → 2.4%+0.5 pts
- Auto Components4.8% → 5.3%+0.5 pts
- IT - Software3.6% → 4.1%+0.5 pts
- IT - Hardware3.1% → 3.6%+0.4 pts
- Industrial Products3.4% → 3.7%+0.3 pts
- Automobiles5.2% → 3.5%−1.7 pts
- Financial Technology (fintech)8.1% → 6.9%−1.2 pts
- Capital Markets3.6% → 2.5%−1.0 pts
- Retailing19.9% → 19.2%−0.7 pts
- Pharmaceuticals & Biotechnology5.7% → 5.5%−0.2 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 | Mar 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Retailing | 18.9% | 18.9% | 19.9% | 19.2% |
| Chemicals & Petrochemicals | 8.8% | 8.8% | 7.9% | 9.0% |
| Financial Technology (fintech) | 7.1% | 7.1% | 8.1% | 6.9% |
| Pharmaceuticals & Biotechnology | 5.1% | 5.1% | 5.7% | 5.5% |
| Auto Components | 3.2% | 3.2% | 4.8% | 5.3% |
| Electrical Equipment | 5.0% | 5.0% | 4.8% | 4.8% |
| IT - Software | 3.7% | 3.7% | 3.6% | 4.1% |
| Transport Services | 4.8% | 4.8% | 3.7% | 3.8% |
| Industrial Products | 3.8% | 3.8% | 3.4% | 3.7% |
| IT - Services | 4.2% | 4.2% | 3.6% | 3.6% |
Allocation in Sep 2026change vs Aug 2026
- Retailing (7)19.2%▼ 0.7 pts
- Chemicals & Petrochemicals (5)9.0%▲ 1.1 pts
- Financial Technology (fintech) (3)6.9%▼ 1.2 pts
- Pharmaceuticals & Biotechnology (4)5.5%▼ 0.2 pts
- Auto Components (4)5.3%▲ 0.5 pts
- Electrical Equipment (3)4.8%
- IT - Software (3)4.1%▲ 0.5 pts
- Transport Services (3)3.8%▲ 0.2 pts
- Industrial Products (3)3.7%▲ 0.3 pts
- IT - Services (2)3.6%
- Industrial Manufacturing (3)3.6%
- IT - Hardware (3)3.6%▲ 0.4 pts
- Automobiles (1)3.5%▼ 1.7 pts
- Consumer Durables (2)2.6%
- Capital Markets (1)2.5%▼ 1.0 pts
- Finance (2)2.4%▲ 0.5 pts
- Fertilizers & Agrochemicals (1)1.8%▲ 0.2 pts
- Leisure Services (2)1.8%
- Diversified Metals (1)1.7%▲ 0.2 pts
- Aerospace & Defense (2)1.6%▲ 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
6.8%
▲ 4.6 pts vs Aug 2026
- Cash alone
- 6.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.9% – 6.8%
- lowest to highest · record 6.8% in Sep 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.