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Value / Contra · Axis Mutual Fund · AMFI code 149165Axis Value Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹1,836 Cr
down ₹43.9 Cr vs Aug 2026
- Stocks held
- 86
- down 1 vs Aug 2026
- Top 10 weight
- 29.1%
- of the portfolio in its ten largest
- Cash & debt
- 7.0%
- cash, money market and debt
- Moves this month
- 1 in · 2 out
- added to 10, trimmed 68
Axis Value Fund is an active equity fund in the Value / Contra category from Axis Mutual Fund. In September 2026 it disclosed 86 stocks worth ₹1,836 Cr, down ₹43.9 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (5.3%), HDFC Bank Limited (4.5%), Reliance Industries Limited (3.2%); the ten largest together made up 29.1% of the portfolio, and Banks was the biggest sector at 23.0% of its equity. Cash and debt stood at 7.0%. Compared with Aug 2026 the fund entered 1 new stock and exited 2.
Against 26 other Value / Contra funds
Concentration
19%
Top-10 weight is higher than 19% of peers
Breadth
92%
Holds more stocks than 92% of peers
Cash
81%
Holds more cash than 81% 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 | 7.02% | up 3.60 pts | ₹129 Cr | up ₹64.6 Cr | Added |
| ICICI Bank Limited | 5.28% | up 0.14 pts | ₹96.9 Cr | up ₹37 L | Held |
| HDFC Bank Limited | 4.54% | up 0.10 pts | ₹83.4 Cr | down ₹4 L | Held |
| Reliance Industries Limited | 3.22% | down 0.16 pts | ₹59.2 Cr | down ₹4.5 Cr | Trimmed |
| Welspun Corp Limited | 2.53% | up 0.36 pts | ₹46.4 Cr | up ₹5.6 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.43% | down 0.43 pts | ₹44.6 Cr | down ₹9.2 Cr | Trimmed |
| Bharti Airtel Limited | 2.41% | down 0.02 pts | ₹44.2 Cr | down ₹1.4 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 2.29% | up 0.10 pts | ₹42 Cr | up ₹86 L | Added |
| NTPC Limited | 2.20% | up 0.02 pts | ₹40.4 Cr | down ₹58 L | Trimmed |
| State Bank of India | 2.19% | down 0.17 pts | ₹40.3 Cr | down ₹4.2 Cr | Trimmed |
| Larsen & Toubro Limited | 2.04% | down 0.10 pts | ₹37.5 Cr | down ₹2.8 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 2.00% | down 0.08 pts | ₹36.7 Cr | down ₹2.4 Cr | Trimmed |
| Infosys Limited | 1.90% | down 0.22 pts | ₹34.9 Cr | down ₹4.9 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 1.81% | down 0.06 pts | ₹33.2 Cr | down ₹1.8 Cr | Trimmed |
| Minda Corporation Limited | 1.77% | down 0.01 pts | ₹32.5 Cr | down ₹92 L | Trimmed |
| Mahindra & Mahindra Limited | 1.74% | down 0.15 pts | ₹32 Cr | down ₹3.6 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.69% | down 0.11 pts | ₹31 Cr | down ₹2.9 Cr | Trimmed |
| Tech Mahindra Limited | 1.64% | down 0.07 pts | ₹30 Cr | down ₹2 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.61% | down 0.01 pts | ₹29.6 Cr | down ₹89 L | Trimmed |
| RBL Bank Limited | 1.59% | up 0.44 pts | ₹29.2 Cr | up ₹7.6 Cr | Added |
| Eternal Limited | 1.58% | up 0.07 pts | ₹29 Cr | up ₹61 L | Added |
| Axis Bank Limited | 1.48% | up 0.05 pts | ₹27.2 Cr | up ₹27 L | Added |
| Apar Industries Limited | 1.47% | up 0.01 pts | ₹27 Cr | down ₹49 L | Trimmed |
| Bajaj Finance Limited | 1.45% | up 0.04 pts | ₹26.6 Cr | up ₹3 L | Held |
| PNB Housing Finance Limited | 1.41% | down <0.01 pts | ₹26 Cr | down ₹67 L | Trimmed |
| Apollo Hospitals Enterprise Limited | 1.35% | down 0.40 pts | ₹24.7 Cr | down ₹8.1 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.19% | up 0.02 pts | ₹21.9 Cr | down ₹13 L | Trimmed |
| Bharat Electronics Limited | 1.17% | down 0.05 pts | ₹21.5 Cr | down ₹1.5 Cr | Trimmed |
| Ather Energy Limited | 1.11% | down 0.20 pts | ₹20.5 Cr | down ₹4.2 Cr | Trimmed |
| Premier Energies Limited | 1.10% | down 0.18 pts | ₹20.1 Cr | down ₹3.8 Cr | Trimmed |
| City Union Bank Limited | 1.06% | up 0.01 pts | ₹19.4 Cr | down ₹27 L | Trimmed |
| TD Power Systems Limited | 1.05% | down 0.07 pts | ₹19.3 Cr | down ₹1.7 Cr | Trimmed |
| Hyundai Motor India Ltd | 1.01% | down 0.06 pts | ₹18.5 Cr | down ₹1.6 Cr | Trimmed |
| GE Vernova T&D India Limited | 0.97% | down 0.03 pts | ₹17.9 Cr | down ₹1 Cr | Trimmed |
| Karur Vysya Bank Limited | 0.94% | down 0.04 pts | ₹17.3 Cr | down ₹1.2 Cr | Trimmed |
| UltraTech Cement Limited | 0.91% | down 0.02 pts | ₹16.6 Cr | down ₹75 L | Trimmed |
| Samvardhana Motherson International Limited | 0.89% | down 0.02 pts | ₹16.3 Cr | down ₹74 L | Trimmed |
| The Karnataka Bank Limited | 0.88% | up 0.08 pts | ₹16.2 Cr | up ₹1.1 Cr | Added |
| Hindustan Aeronautics Limited | 0.87% | up 0.04 pts | ₹16 Cr | up ₹46 L | Added |
| TVS Motor Company Limited | 0.87% | down 0.13 pts | ₹15.9 Cr | down ₹2.9 Cr | Trimmed |
| Gland Pharma Limited | 0.85% | up 0.12 pts | ₹15.7 Cr | up ₹1.9 Cr | Added |
| Craftsman Automation Limited | 0.85% | down 0.04 pts | ₹15.6 Cr | down ₹1.2 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 0.85% | down 0.04 pts | ₹15.6 Cr | down ₹1.1 Cr | Trimmed |
| Radico Khaitan Limited | 0.85% | down <0.01 pts | ₹15.6 Cr | down ₹43 L | Trimmed |
| Fortis Healthcare Limited | 0.84% | down 0.17 pts | ₹15.4 Cr | down ₹3.5 Cr | Trimmed |
| The Federal Bank Limited | 0.83% | down 0.30 pts | ₹15.2 Cr | down ₹6 Cr | Trimmed |
| Vijaya Diagnostic Centre Limited | 0.80% | down 0.03 pts | ₹14.7 Cr | down ₹83 L | Trimmed |
| United Spirits Limited | 0.80% | down 0.06 pts | ₹14.7 Cr | down ₹1.5 Cr | Trimmed |
| Sansera Engineering Limited | 0.78% | up 0.01 pts | ₹14.4 Cr | down ₹8 L | Trimmed |
| Indus Towers Limited | 0.74% | down 0.01 pts | ₹13.6 Cr | down ₹57 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (1)
- Global Health Limited0.5% · ₹8.5 Cr
Exited Exited (2)
- PG Electroplast Limitedwas 0.5% · ₹8.9 Cr
- Tata Consultancy Services Limitedwas 0.4% · ₹7.3 Cr
Added Biggest additions
- RBL Bank Limitedup ₹7.6 Cr (+0.44% pts)
- Welspun Corp Limitedup ₹5.6 Cr (+0.36% pts)
- Gland Pharma Limitedup ₹1.9 Cr (+0.12% 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 Banks (+0.8 pts) and Industrial Products (+0.5 pts), and fell most in IT - Software (−0.6 pts) and Consumer Durables (−0.6 pts).
- Banks22.2% → 23.0%+0.8 pts
- Industrial Products2.2% → 2.7%+0.5 pts
- Auto Components6.8% → 7.1%+0.3 pts
- Aerospace & Defense3.1% → 3.3%+0.2 pts
- Power2.3% → 2.4%+0.1 pts
- Retailing2.1% → 2.2%+0.1 pts
- IT - Software5.7% → 5.1%−0.6 pts
- Consumer Durables1.8% → 1.3%−0.6 pts
- Automobiles6.3% → 5.9%−0.4 pts
- Financial Technology (fintech)1.0% → 0.6%−0.4 pts
- Finance7.9% → 7.6%−0.3 pts
- Electrical Equipment7.5% → 7.4%−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 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Banks | 26.0% | 24.5% | 22.2% | 23.0% |
| Finance | 6.7% | 8.2% | 7.9% | 7.6% |
| Electrical Equipment | 5.6% | 7.4% | 7.5% | 7.4% |
| Auto Components | 4.9% | 6.7% | 6.8% | 7.1% |
| Pharmaceuticals & Biotechnology | 6.2% | 4.8% | 5.9% | 6.0% |
| Automobiles | 4.7% | 4.9% | 6.3% | 5.9% |
| IT - Software | 7.1% | 4.4% | 5.7% | 5.1% |
| Healthcare Services | 4.0% | 4.8% | 4.6% | 4.6% |
| Petroleum Products | 6.1% | 4.9% | 4.4% | 4.4% |
| Telecom - Services | 4.1% | 3.8% | 3.3% | 3.4% |
Allocation in Sep 2026change vs Aug 2026
- Banks (13)23.0%
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
7.0%
▲ 3.6 pts vs Aug 2026
- Cash alone
- 7.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.6% – 7.1%
- lowest to highest · record 7.1% 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.