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Axis Multi Asset Allocation Fund Direct Growth
HybridMulti Asset AllocationVery High Risk
Direct
NAV (18-Mar-26)
₹50.800.70%1D
Returns (Since Inception)
11.08%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹2,175 Cr
Expense Ratio
0.86%
ISIN
INF846K01EV4
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
01 Jan 2013
About this fund
Axis Multi Asset Allocation Fund Direct Growth is a Multi Asset Allocation mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 13 years, 2 months and 19 days, having been launched on 01-Jan-13.
As of 18-Mar-26, it has a Net Asset Value (NAV) of ₹50.80, Assets Under Management (AUM) of 2175.19 Crores, and an expense ratio of 0.86%.
As of 18-Mar-26, it has a Net Asset Value (NAV) of ₹50.80, Assets Under Management (AUM) of 2175.19 Crores, and an expense ratio of 0.86%.
- Axis Multi Asset Allocation Fund Direct Growth has given a CAGR return of 11.08% since inception.
- The fund's asset allocation comprises around 58.61% in equities, 11.21% in debts, and 14.36% in cash & cash equivalents.
- You can start investing in Axis Multi Asset Allocation Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+18.73%
— (Cat Avg.)
3 Years
+17.32%
— (Cat Avg.)
5 Years
+12.71%
— (Cat Avg.)
10 Years
+12.53%
— (Cat Avg.)
Since Inception
+11.08%
— (Cat Avg.)
Portfolio Summaryas of 28th February 2026
| Equity | ₹1,274.9 Cr | 58.61% |
| Debt | ₹243.85 Cr | 11.21% |
| Others | ₹656.3 Cr | 30.17% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Gold ETF | Mutual Fund - ETF | ₹289.51 Cr | 13.31% |
| Net Receivables / (Payables) | Cash - Collateral | ₹207.29 Cr | 9.53% |
| HDFC Bank Ltd | Equity | ₹169.53 Cr | 7.79% |
| Future on BANK Index | Equity Index - Future | ₹-121.56 Cr | 5.59% |
| ICICI Bank Ltd | Equity | ₹109.68 Cr | 5.04% |
| State Bank of India | Equity | ₹86.05 Cr | 3.96% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹79.61 Cr | 3.66% |
| Reliance Industries Ltd | Equity | ₹71.36 Cr | 3.28% |
| Axis Silver ETF | Mutual Fund - ETF | ₹60.45 Cr | 2.78% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.44 Cr | 2.32% |
| Infosys Ltd | Equity | ₹43.54 Cr | 2.00% |
| Axis Bank Ltd | Equity | ₹40.59 Cr | 1.87% |
| Gold .995 1kg Bar | Commodity | ₹39.77 Cr | 1.83% |
| Larsen & Toubro Ltd | Equity | ₹39.37 Cr | 1.81% |
| Bharti Airtel Ltd | Equity | ₹38.08 Cr | 1.75% |
| ITC Ltd | Equity | ₹32.31 Cr | 1.49% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹30.62 Cr | 1.41% |
| Kotak Mahindra Bank Ltd | Equity | ₹28.23 Cr | 1.30% |
| Titan Co Ltd | Equity | ₹25.99 Cr | 1.20% |
| Mahindra & Mahindra Ltd | Equity | ₹24.04 Cr | 1.11% |
| Goldm March 2026 Future | Commodity - Future | ₹-23.95 Cr | 1.10% |
| Sona BLW Precision Forgings Ltd | Equity | ₹23.91 Cr | 1.10% |
| Bajaj Finserv Ltd | Equity | ₹23.87 Cr | 1.10% |
| Jubilant Foodworks Ltd | Equity | ₹22.9 Cr | 1.05% |
| Hindustan Unilever Ltd | Equity | ₹22.7 Cr | 1.04% |
| UltraTech Cement Ltd | Equity | ₹21.1 Cr | 0.97% |
| Jindal Steel Ltd | Equity | ₹21.02 Cr | 0.97% |
| 7.18% Gs 2033 | Bond - Gov't/Treasury | ₹20.64 Cr | 0.95% |
| 7.10% Gs 2034 | Bond - Gov't/Treasury | ₹20.55 Cr | 0.94% |
| Supreme Industries Ltd | Equity | ₹20.1 Cr | 0.92% |
| Divi's Laboratories Ltd | Equity | ₹20.05 Cr | 0.92% |
| Sagility Ltd | Equity | ₹20.03 Cr | 0.92% |
| Tata Steel Ltd | Equity | ₹19.46 Cr | 0.89% |
| PI Industries Ltd | Equity | ₹19.19 Cr | 0.88% |
| Bharat Forge Ltd | Equity | ₹18.34 Cr | 0.84% |
| Ashok Leyland Ltd | Equity | ₹17.93 Cr | 0.82% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹17.9 Cr | 0.82% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹17.84 Cr | 0.82% |
| Torrent Pharmaceuticals Ltd | Equity | ₹17.65 Cr | 0.81% |
| One97 Communications Ltd | Equity | ₹17.48 Cr | 0.80% |
| HDFC Life Insurance Co Ltd | Equity | ₹16.88 Cr | 0.78% |
| Tata Consultancy Services Ltd | Equity | ₹16.57 Cr | 0.76% |
| Future on Gold | Commodity - Future | ₹-16.21 Cr | 0.75% |
| The Federal Bank Ltd | Equity | ₹16.05 Cr | 0.74% |
| Hyundai Motor India Ltd | Equity | ₹14.94 Cr | 0.69% |
| Trent Ltd | Equity | ₹14.83 Cr | 0.68% |
| Sudeep Pharma Ltd | Equity | ₹14.71 Cr | 0.68% |
| Nestle India Ltd | Equity | ₹14.53 Cr | 0.67% |
| PTC Industries Ltd | Equity | ₹14.49 Cr | 0.67% |
| REC Ltd | Equity | ₹13.34 Cr | 0.61% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹13.21 Cr | 0.61% |
| Endurance Technologies Ltd | Equity | ₹13.01 Cr | 0.60% |
| GE Vernova T&D India Ltd | Equity | ₹12.97 Cr | 0.60% |
| Tenneco Clean Air India Ltd | Equity | ₹12.9 Cr | 0.59% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹12.4 Cr | 0.57% |
| Aether Industries Ltd | Equity | ₹12.2 Cr | 0.56% |
| Swiggy Ltd | Equity | ₹12.04 Cr | 0.55% |
| Varun Beverages Ltd | Equity | ₹11.43 Cr | 0.53% |
| State Bank of India Future Mar 26 | Equity - Future | ₹-11.33 Cr | 0.52% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹10.88 Cr | 0.50% |
| Billionbrains Garage Ventures Ltd | Equity | ₹10.56 Cr | 0.49% |
| GMR Airports Limited | Bond - Corporate Bond | ₹10.36 Cr | 0.48% |
| Rec Limited | Bond - Corporate Bond | ₹10.21 Cr | 0.47% |
| Tata Consultancy Services Limited March 2026 Future | Equity - Future | ₹-10.17 Cr | 0.47% |
| Bharat Heavy Electricals Ltd | Equity | ₹10.07 Cr | 0.46% |
| Vedanta Limited | Bond - Corporate Bond | ₹10.05 Cr | 0.46% |
| Aditya Birla Digital Fashion Ventures Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.46% |
| Torrent Pharmaceuticals Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.46% |
| Indian Hotels Co Ltd | Equity | ₹9.94 Cr | 0.46% |
| Tbill | Bond - Gov't/Treasury | ₹9.92 Cr | 0.46% |
| Eternal Ltd | Equity | ₹9.77 Cr | 0.45% |
| Knowledge Realty Trust Units | Equity - REIT | ₹9.66 Cr | 0.44% |
| Godrej Consumer Products Ltd | Equity | ₹9.41 Cr | 0.43% |
| LG Electronics India Ltd | Equity | ₹9.27 Cr | 0.43% |
| Navin Fluorine International Ltd | Equity | ₹9.25 Cr | 0.43% |
| Gabriel India Ltd | Equity | ₹8.6 Cr | 0.40% |
| Blue Star Ltd | Equity | ₹8.51 Cr | 0.39% |
| Reliance Industries Limited March 2026 Future | Equity - Future | ₹-7.92 Cr | 0.36% |
| JK Cement Ltd | Equity | ₹7.75 Cr | 0.36% |
| Tata Consumer Products Ltd | Equity | ₹7.23 Cr | 0.33% |
| SBI Life Insurance Co Ltd | Equity | ₹6.66 Cr | 0.31% |
| Midwest Ltd | Equity | ₹6.6 Cr | 0.30% |
| RBL Bank Ltd | Equity | ₹5.66 Cr | 0.26% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.18 Cr | 0.24% |
| 7.81% Uttarpradesh Sgs 2034 | Bond - Gov't/Treasury | ₹5.12 Cr | 0.24% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.08 Cr | 0.23% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.23% |
| Bamboo Hotel And Global Centre (Delhi) Private Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.23% |
| Tata Capital Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.23% |
| 08.21 RJ UDAY 2026 | Bond - Gov't Agency Debt | ₹5.01 Cr | 0.23% |
| Adani Power Ltd | Bond - Corporate Bond | ₹4.99 Cr | 0.23% |
| IKF Finance Limited | Bond - Corporate Bond | ₹4.99 Cr | 0.23% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹4.98 Cr | 0.23% |
| Indian Bank | Cash - CD/Time Deposit | ₹4.91 Cr | 0.23% |
| 6.19% Gs 2034 | Bond - Gov't/Treasury | ₹4.85 Cr | 0.22% |
| Jyothy Labs Ltd | Equity | ₹4.44 Cr | 0.20% |
| Bharat Petroleum Corp Ltd | Equity | ₹4.43 Cr | 0.20% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹4.28 Cr | 0.20% |
| India Infrastructure Finance Company Limited | Bond - Corporate Bond | ₹2.86 Cr | 0.13% |
| Indus Infra Trust Unit | Equity | ₹2.56 Cr | 0.12% |
| Ellenbarrie Industrial Gases Ltd | Equity | ₹1.46 Cr | 0.07% |
| Tvs Motor Company Limited | Preferred Stock | ₹0.14 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
45.94%
Mid Cap Stocks
11.59%
Small Cap Stocks
6.94%
Allocation By Credit Quality (Debt)
AAA
AA
A
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹529.65 Cr | 24.35% |
| Consumer Cyclical | ₹215.5 Cr | 9.91% |
| Industrials | ₹123.44 Cr | 5.67% |
| Basic Materials | ₹118.03 Cr | 5.43% |
| Healthcare | ₹115.95 Cr | 5.33% |
| Consumer Defensive | ₹102.05 Cr | 4.69% |
| Technology | ₹86.86 Cr | 3.99% |
| Energy | ₹75.79 Cr | 3.48% |
| Communication Services | ₹48.96 Cr | 2.25% |
Risk & Performance Ratios
Standard Deviation
This fund
7.60%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
1.42
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Devang Shah
Since April 2024
AP
Aditya Pagaria
Since June 2024
Ashish Naik
Since June 2016
Hardik Shah
Since April 2024
PT
Pratik Tibrewal
Since February 2025
KN
Krishnaa N
Since December 2024
Additional Scheme Detailsas of 28th February 2026
ISIN INF846K01EV4 | Expense Ratio 0.86% | Exit Load 1.00% | Fund Size ₹2,175 Cr | Age 13 years 2 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark Domestic Price of Gold |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Multi Asset Allocation Funds
About the AMC
Axis Mutual Fund
Total AUM
₹3,66,160 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Axis Multi Asset Allocation Fund Direct Growth?
The NAV of Axis Multi Asset Allocation Fund Direct Growth, as of 18-Mar-2026, is ₹50.80.
What are the returns of Axis Multi Asset Allocation Fund Direct Growth?
The fund has generated 18.73% over the last 1 year and 17.32% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Axis Multi Asset Allocation Fund Direct Growth?
The fund's allocation of assets is distributed as 58.61% in equities, 11.21% in bonds, and 14.36% in cash and cash equivalents.
Who manages the Axis Multi Asset Allocation Fund Direct Growth?
The fund managers responsible for Axis Multi Asset Allocation Fund Direct Growth are:-
- Devang Shah
- Aditya Pagaria
- Ashish Naik
- Hardik Shah
- Pratik Tibrewal
- Krishnaa N
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
