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Sectoral / Thematic · Axis Mutual Fund · AMFI code 153624Axis Services Opportunities Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹1,308 Cr
down ₹179 Cr vs Aug 2026
- Stocks held
- 37
- up 1 vs Aug 2026
- Top 10 weight
- 54.6%
- of the portfolio in its ten largest
- Cash & debt
- 0.4%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 4, trimmed 32
Axis Services Opportunities Fund is an active equity fund in the Sectoral / Thematic category from Axis Mutual Fund. In September 2026 it disclosed 37 stocks worth ₹1,308 Cr, down ₹179 Cr from Aug 2026. Its largest positions were Eternal Limited (9.3%), ICICI Bank Limited (9.0%), Bajaj Finance Limited (5.1%); the ten largest together made up 54.6% of the portfolio, and Healthcare Services was the biggest sector at 17.6% of its equity. Cash and debt stood at 0.4%. Compared with Aug 2026 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
71%
Top-10 weight is higher than 71% of peers
Breadth
34%
Holds more stocks than 34% of peers
Cash
5%
Holds more cash than 5% 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.
| Eternal Limited | 9.28% | up 0.91 pts | ₹121 Cr | down ₹3.1 Cr | Trimmed |
| ICICI Bank Limited | 9.01% | up 0.29 pts | ₹118 Cr | down ₹11.8 Cr | Trimmed |
| Bajaj Finance Limited | 5.09% | up 0.16 pts | ₹66.5 Cr | down ₹6.8 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 5.03% | up 0.21 pts | ₹65.7 Cr | down ₹5.9 Cr | Trimmed |
| Bharti Airtel Limited | 4.70% | up 0.44 pts | ₹61.5 Cr | down ₹1.9 Cr | Trimmed |
| HDFC Bank Limited | 4.46% | down 0.15 pts | ₹58.4 Cr | down ₹10.3 Cr | Trimmed |
| The Indian Hotels Company Limited | 4.43% | up 0.22 pts | ₹58 Cr | down ₹4.7 Cr | Trimmed |
| Fortis Healthcare Limited | 4.41% | down 0.16 pts | ₹57.7 Cr | down ₹10.3 Cr | Trimmed |
| InterGlobe Aviation Limited | 4.22% | up 0.32 pts | ₹55.2 Cr | down ₹2.8 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 3.94% | down 0.03 pts | ₹51.5 Cr | down ₹7.5 Cr | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 3.32% | up 0.36 pts | ₹43.5 Cr | down ₹53 L | Trimmed |
| PB Fintech Limited | 3.26% | down 1.79 pts | ₹42.6 Cr | down ₹32.5 Cr | Trimmed |
| The Federal Bank Limited | 3.07% | down 0.11 pts | ₹40.2 Cr | down ₹7.1 Cr | Trimmed |
| HDFC Asset Management Company Limited | 3.03% | down 0.03 pts | ₹39.6 Cr | down ₹5.9 Cr | Trimmed |
| BSE Limited | 2.75% | down 0.75 pts | ₹36 Cr | down ₹16.1 Cr | Trimmed |
| Go Digit General Insurance Ltd | 2.49% | up 0.32 pts | ₹32.6 Cr | up ₹33 L | Added |
| Chalet Hotels Limited | 2.36% | up 0.14 pts | ₹30.9 Cr | down ₹2.1 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 2.22% | up 0.09 pts | ₹29 Cr | down ₹2.7 Cr | Trimmed |
| One 97 Communications Limited | 2.06% | up 0.21 pts | ₹27 Cr | down ₹63 L | Trimmed |
| L&T Finance Limited | 1.97% | down 1.13 pts | ₹25.8 Cr | down ₹20.4 Cr | Trimmed |
| Infosys Limited | 1.97% | down 0.01 pts | ₹25.7 Cr | down ₹3.6 Cr | Trimmed |
| Max Healthcare Institute Limited | 1.88% | up 0.03 pts | ₹24.6 Cr | down ₹3 Cr | Trimmed |
| TBO Tek Limited | 1.66% | up 0.15 pts | ₹21.8 Cr | down ₹77 L | Trimmed |
| Avenue Supermarts Limited | 1.53% | up 0.15 pts | ₹20 Cr | down ₹52 L | Trimmed |
| Rainbow Childrens Medicare Limited | 1.43% | up 0.08 pts | ₹18.8 Cr | down ₹1.4 Cr | Trimmed |
| SS Retail Limited | 1.34% | up 1.34 pts | ₹17.5 Cr | up ₹17.5 Cr | New |
| Central Depository Services (India) Limited | 1.27% | up 0.03 pts | ₹16.6 Cr | down ₹1.8 Cr | Trimmed |
| Meesho Ltd | 1.20% | up 0.25 pts | ₹15.7 Cr | up ₹1.5 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.14% | up 0.15 pts | ₹14.9 Cr | up ₹22 L | Added |
| Global Health Limited | 1.00% | up 0.05 pts | ₹13.1 Cr | down ₹1.1 Cr | Trimmed |
| Firstsource Solutions Limited | 0.93% | up 0.08 pts | ₹12.2 Cr | down ₹43 L | Trimmed |
| Capillary Technologies India Ltd. | 0.74% | up 0.17 pts | ₹9.7 Cr | up ₹1.2 Cr | Added |
| Vishal Mega Mart Limited | 0.73% | up 0.03 pts | ₹9.6 Cr | down ₹92 L | Trimmed |
| Niva Bupa Health Insurance Company Limited | 0.70% | up 0.03 pts | ₹9.1 Cr | down ₹78 L | Trimmed |
| Healthcare Global Enterprises Limited | 0.43% | up 0.01 pts | ₹5.7 Cr | down ₹57 L | Trimmed |
| Cash, TREPS & receivables | 0.39% | down 2.09 pts | ₹5.1 Cr | down ₹31.8 Cr | Trimmed |
| Wakefit Innovations Limited | 0.36% | up 0.04 pts | ₹4.6 Cr | down ₹10 L | Trimmed |
| Info Edge (India) Limited | 0.19% | up 0.01 pts | ₹2.5 Cr | down ₹19 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (1)
- SS Retail Limited1.3% · ₹17.5 Cr
Exited Exited (0)
None.
Added Biggest additions
- Meesho Ltdup ₹1.5 Cr (+0.25% pts)
- Capillary Technologies India Ltd.up ₹1.2 Cr (+0.17% pts)
- Go Digit General Insurance Ltdup ₹33 L (+0.32% pts)
- ICICI Lombard General Insurance Company Limitedup ₹22 L (+0.15% pts)
Trimmed Biggest reductions
- PB Fintech Limiteddown ₹32.5 Cr (−1.79% pts)
- L&T Finance Limiteddown ₹20.4 Cr (−1.13% pts)
- BSE Limiteddown ₹16.1 Cr (−0.75% pts)
- ICICI Bank Limiteddown ₹11.8 Cr (+0.29% pts)
- Fortis Healthcare Limiteddown ₹10.3 Cr (−0.16% pts)
- HDFC Bank Limiteddown ₹10.3 Cr (−0.15% pts)
- Cholamandalam Investment and Finance Company Limiteddown ₹7.5 Cr (−0.03% pts)
- The Federal Bank Limiteddown ₹7.1 Cr (−0.11% pts)
- Bajaj Finance Limiteddown ₹6.8 Cr (+0.16% pts)
- HDFC Asset Management Company Limiteddown ₹5.9 Cr (−0.03% 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 Retailing (+2.5 pts) and Insurance (+0.4 pts), and fell most in Financial Technology (fintech) (−1.7 pts) and Finance (−1.3 pts).
- Retailing14.1% → 16.6%+2.5 pts
- Insurance3.9% → 4.3%+0.4 pts
- Telecom - Services4.4% → 4.7%+0.3 pts
- Leisure Services8.2% → 8.5%+0.3 pts
- Transport Services4.0% → 4.2%+0.2 pts
- Healthcare Services17.4% → 17.6%+0.2 pts
- Financial Technology (fintech)7.1% → 5.3%−1.7 pts
- Finance12.3% → 11.0%−1.3 pts
- Capital Markets8.0% → 7.1%−0.9 pts
- Banks16.9% → 16.6%−0.3 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 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Healthcare Services | 16.8% | 17.7% | 17.4% | 17.6% |
| Banks | 17.8% | 17.4% | 16.9% | 16.6% |
| Retailing | 12.1% | 12.2% | 14.1% | 16.6% |
| Finance | 9.7% | 11.1% | 12.3% | 11.0% |
| Leisure Services | 6.4% | 6.8% | 8.2% | 8.5% |
| Capital Markets | 8.0% | 9.1% | 8.0% | 7.1% |
| Financial Technology (fintech) | 5.3% | 5.2% | 7.1% | 5.3% |
| Telecom - Services | 8.2% | 6.4% | 4.4% | 4.7% |
| Insurance | 5.6% | 5.0% | 3.9% | 4.3% |
| Transport Services | 3.2% | 3.7% | 4.0% | 4.2% |
Allocation in Sep 2026change vs Aug 2026
- Healthcare Services (7)17.6%▲ 0.2 pts
- Banks (3)16.6%▼ 0.3 pts
- Retailing (7)16.6%▲ 2.5 pts
- Finance (3)11.0%▼ 1.3 pts
- Leisure Services (3)8.5%▲ 0.3 pts
- Capital Markets (3)7.1%▼ 0.9 pts
- Financial Technology (fintech) (2)5.3%▼ 1.7 pts
- Telecom - Services (1)4.7%▲ 0.3 pts
- Insurance (3)4.3%▲ 0.4 pts
- Transport Services (1)4.2%▲ 0.2 pts
- IT - Software (2)2.7%▲ 0.1 pts
- Commercial Services & Supplies (1)0.9%▲ 0.1 pts
- Consumer Durables (1)0.4%
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
0.4%
▼ 2.1 pts vs Aug 2026
- Cash alone
- 0.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.4% – 4.2%
- lowest to highest · record 4.2% in Mar 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 | ₹1,308 Cr | 37 | 1 | 0 | 0.4% | 0.4% | 1% |
| Aug 2026 | ₹1,487 Cr | 36 | 0 | 2 | 2.5% | 2.5% | 0% |
| Jul 2026 | ₹1,603 Cr | 38 | 0 | 0 | 1.1% | 1.1% | 0% |
| Jun 2026 | ₹1,625 Cr | 38 | 0 | 0 | 2.0% | 2.0% | 0% |
| Mar 2026 | ₹1,443 Cr | 38 | 0 | 0 | 4.2% | 4.2% | — |
| Feb 2026 | ₹1,678 Cr | 38 | 0 | 0 | 4.1% | 4.1% | — |
| Jan 2026 | ₹1,725 Cr | 38 | 2.7% | 2.7% | — |