Axis Flexi Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Portfolio Turnover Ratio : 19.00%. Category average turnover ratio is 236.92%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 89.19% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 89.19%

No of Stocks : 60 (Category Avg - 63.14) | Large Cap Investments : 33.73%| Mid Cap Investments : 15.7% | Small Cap Investments : 8.48% | Other : 31.3%

Portfolio Summary (as on 31st Jan,2026)

Particulars	This Scheme	Category
No. of Stocks	60	62.6
Top 5 Stock Weight	29.18%	24.68%
Top 10 Stock Weight	45.24%	39.65%
Top 3 Sector Weight	30.56%	31.37%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	79458.20	89828.35
Holdings in large cap stocks	33.73%	39.66%
Holdings in mid cap stocks	15.7%	12.98%
Holdings in small cap stocks	8.48%	9.39%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Private sector bank	11770.7	9.31%	0.36%	9.6% (Apr 2025)	8.39% (Oct 2025)	86.87 L	0.00
HDFC Bank Ltd.	Private sector bank	8352.9	6.61%	-1.11%	7.83% (Jul 2025)	6.61% (Jan 2026)	89.89 L	-0.12 Cr
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5840	4.62%	-0.54%	5.16% (Dec 2025)	4.41% (Feb 2025)	29.66 L	-2.26 L
Infosys Ltd.	Computers - software & consulting	5625	4.45%	0.20%	4.45% (Jan 2026)	3.15% (Oct 2025)	34.28 L	0.00
Bharat Electronics Ltd.	Aerospace & defense	5293	4.19%	0.57%	4.19% (Jan 2026)	2.61% (Feb 2025)	1.18 Cr	0.00
Eternal Ltd.	E-retail/ e-commerce	4548.8	3.60%	-0.14%	4.22% (Sep 2025)	2.21% (Mar 2025)	1.66 Cr	-8.85 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4507.4	3.57%	-0.17%	3.81% (Nov 2025)	2.56% (Mar 2025)	13.13 L	0.00
Ultratech Cement Ltd.	Cement & cement products	4048.3	3.20%	0.32%	3.2% (Jan 2026)	2.79% (Nov 2025)	3.19 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3903.5	3.09%	-0.82%	5.93% (Sep 2025)	3.09% (Jan 2026)	41.98 L	-9.57 L
Krishna Institute of Medical Sciences Ltd.	Hospital	3284.1	2.60%	-0.13%	3.57% (Jul 2025)	2.6% (Jan 2026)	54.39 L	-4.10 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Jan,2026)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
ICICI Bank Ltd.	Private sector bank	18.3	11770.7	9.31%	0.36%	9.6% (Apr 2025)	8.39% (Oct 2025)	86.87 L	0.00	Large Cap	33.73
HDFC Bank Ltd.	Private sector bank	18.3	8352.9	6.61%	-1.11%	7.83% (Jul 2025)	6.61% (Jan 2026)	89.89 L	-0.12 Cr	Other	31.3
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.62	5840	4.62%	-0.54%	5.16% (Dec 2025)	4.41% (Feb 2025)	29.66 L	-2.26 L	Large Cap	33.73
Infosys Ltd.	Computers - software & consulting	6.2	5625	4.45%	0.20%	4.45% (Jan 2026)	3.15% (Oct 2025)	34.28 L	0.00	Large Cap	33.73
Bharat Electronics Ltd.	Aerospace & defense	6.06	5293	4.19%	0.57%	4.19% (Jan 2026)	2.61% (Feb 2025)	1.18 Cr	0.00	Mid Cap	15.7
Eternal Ltd.	E-retail/ e-commerce	4.26	4548.8	3.60%	-0.14%	4.22% (Sep 2025)	2.21% (Mar 2025)	1.66 Cr	-8.85 L	Other	31.3
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.57	4507.4	3.57%	-0.17%	3.81% (Nov 2025)	2.56% (Mar 2025)	13.13 L	0.00	Large Cap	33.73
Ultratech Cement Ltd.	Cement & cement products	3.2	4048.3	3.20%	0.32%	3.2% (Jan 2026)	2.79% (Nov 2025)	3.19 L	0.00	Large Cap	33.73
Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.64	3903.5	3.09%	-0.82%	5.93% (Sep 2025)	3.09% (Jan 2026)	41.98 L	-9.57 L	Other	31.3
Krishna Institute of Medical Sciences Ltd.	Hospital	3.33	3284.1	2.60%	-0.13%	3.57% (Jul 2025)	2.6% (Jan 2026)	54.39 L	-4.10 L	Other	31.3
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	5.64	2703.5	2.14%	-0.11%	2.35% (Oct 2025)	2.04% (Jul 2025)	16.57 L	-0.61 L	Other	31.3
Prestige Estates Projects Ltd.	Residential, commercial projects	2.22	2425.2	1.92%	-0.11%	2.17% (Oct 2025)	1.46% (Mar 2025)	16.59 L	0.00	Mid Cap	15.7
Apar Industries Ltd.	Other electrical equipment	1.88	2377.7	1.88%	-0.03%	2.05% (Nov 2025)	1.35% (Apr 2025)	2.97 L	0.00	Small Cap	8.48
PB Fintech Ltd.	Financial technology (fintech)	1.89	2353.1	1.86%	-0.16%	2.02% (Dec 2025)	1.86% (Jan 2026)	14.22 L	-0.20 L	Other	31.3
Mankind Pharma Ltd.	Pharmaceuticals	2.82	2286.3	1.81%	-0.01%	2.22% (Feb 2025)	1.81% (Jan 2026)	10.76 L	0.00	Other	31.3
Tata Consultancy Services Ltd.	Computers - software & consulting	6.2	2208.6	1.75%	0.01%	2.73% (Feb 2025)	1.24% (Sep 2025)	7.07 L	0.00	Large Cap	33.73
Hindustan Aeronautics Ltd.	Aerospace & defense	6.06	2045.8	1.62%	0.13%	1.87% (May 2025)	1.24% (Feb 2025)	4.43 L	0.00	Other	31.3
Indian Hotels Company Limited	Hotels & resorts	1.76	1928.8	1.53%	-0.10%	1.72% (May 2025)	1.44% (Apr 2025)	28.61 L	0.00	Mid Cap	15.7
TVS Motor Company Ltd.	2/3 wheelers	1.52	1900.7	1.50%	0.03%	1.5% (Jan 2026)	1.03% (Feb 2025)	5.17 L	0.00	Mid Cap	15.7
InterGlobe Aviation Ltd.	Airline	1.5	1892.9	1.50%	-0.43%	3.04% (Nov 2025)	1.5% (Jan 2026)	4.12 L	-0.86 L	Large Cap	33.73
Torrent Power Ltd.	Integrated power utilities	1.46	1840	1.46%	0.13%	2.13% (Feb 2025)	1.25% (Sep 2025)	13.26 L	0.00	Mid Cap	15.7
Federal Bank Ltd.	Private sector bank	18.3	1832.1	1.45%	0.14%	1.45% (Jan 2026)	0% (Feb 2025)	63.67 L	0.00	Mid Cap	15.7
GE T&D India Ltd.	Heavy electrical equipment	1.88	1751.5	1.39%	-0.02%	1.54% (Sep 2025)	0.72% (Feb 2025)	5.42 L	-0.42 L	Small Cap	8.48
Trent Limited	Speciality retail	1.74	1729	1.37%	-0.13%	3.76% (Jun 2025)	1.37% (Jan 2026)	4.57 L	0.00	Mid Cap	15.7
L&T Finance Holdings Ltd.	Investment company	1.33	1679.4	1.33%	-0.09%	1.42% (Dec 2025)	0.7% (May 2025)	58.65 L	0.00	Mid Cap	15.7
Motherson Sumi Systems Ltd.	Auto components & equipments	2.29	1518.3	1.20%	-0.04%	1.24% (Dec 2025)	0.96% (Feb 2025)	1.34 Cr	0.00	Large Cap	33.73
Titan Company Ltd.	Gems, jewellery and watches	1.14	1437.8	1.14%	0.01%	1.14% (Jan 2026)	0.92% (Mar 2025)	3.61 L	0.00	Large Cap	33.73
Sansera Engineering Ltd.	Auto components & equipments	2.29	1381.6	1.09%	-0.09%	1.21% (Nov 2025)	0.81% (Apr 2025)	7.96 L	-1.25 L	Other	31.3
TML Commercial Vehicles Ltd.	Commercial vehicles	1.09	1380.1	1.09%	0.31%	1.09% (Jan 2026)	0% (Feb 2025)	30.10 L	5.56 L	Other	31.3
# State Bank Of India	Public sector bank	1.04	1314	1.04%	1.04%	1.7% (Mar 2025)	0% (Feb 2025)	12.20 L	12.20 L	Large Cap	33.73
Fine Organic Industries Ltd.	Specialty chemicals	1.22	1286.5	1.02%	0.06%	1.23% (Jul 2025)	0.95% (Feb 2025)	3.03 L	0.00	Small Cap	8.48
ICICI Prudential Life Insurance Co Ltd.	Life insurance	1.02	1285	1.02%	-0.02%	1.04% (Dec 2025)	0% (Feb 2025)	20.18 L	0.00	Large Cap	33.73
Navin Flourine International Ltd.	Commodity chemicals	1.01	1282.8	1.01%	0.06%	1.01% (Jan 2026)	0% (Feb 2025)	2.10 L	0.00	Small Cap	8.48
Solar Industries India Ltd.	Explosives	0.97	1219.9	0.97%	0.16%	1.14% (Jun 2025)	0.67% (Feb 2025)	90.50 k	4.50 k	Small Cap	8.48
Cummins India Ltd.	Compressors, pumps & diesel engines	0.95	1196.7	0.95%	0.07%	0.95% (Jan 2026)	0.61% (Apr 2025)	2.91 L	32.30 k	Mid Cap	15.7
# Axis Bank Ltd.	Private sector bank	18.3	1178.8	0.93%	0.93%	0.93% (Jan 2026)	0% (Feb 2025)	8.60 L	8.60 L	Large Cap	33.73
Ujjivan Small Finance Bank Ltd.	Other bank	0.75	948	0.75%	0.22%	0.75% (Jan 2026)	0% (Feb 2025)	1.45 Cr	13.78 L	Other	31.3
Sai Life Sciences Ltd.	Petrochemicals	0.74	936.6	0.74%	-0.04%	0.78% (Dec 2025)	0.01% (Feb 2025)	11.22 L	0.00	Other	31.3
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	4.26	814.8	0.64%	-0.14%	0.79% (Dec 2025)	0% (Feb 2025)	34.31 L	-4.46 L	Other	31.3
KEI Industries Ltd.	Cables - electricals	0.61	776.1	0.61%	-0.05%	0.66% (Dec 2025)	0.46% (Mar 2025)	1.93 L	0.00	Small Cap	8.48
Onesource Specialty Pharma Ltd.	Pharmaceuticals	2.82	776	0.61%	-0.29%	0.98% (Jul 2025)	0.43% (Feb 2025)	6.50 L	0.00	Other	31.3
- Healthcare Global Enterprises Ltd.	Hospital	3.33	656.1	0.52%	0.00%	0.57% (Oct 2025)	0% (Feb 2025)	11.08 L	90.75 k	Small Cap	8.48
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	1.88	613.1	0.49%	-0.04%	0.6% (Sep 2025)	0% (Feb 2025)	10.50 L	0.00	Small Cap	8.48
Tata Capital Ltd.	Non banking financial company (nbfc)	5.64	516.4	0.41%	0.01%	0.41% (Jan 2026)	0% (Feb 2025)	15.10 L	0.00	Other	31.3
Doms Industries Ltd.	Stationary	0.41	512.2	0.41%	-0.03%	0.43% (Dec 2025)	0.32% (Jul 2025)	2.15 L	0.00	Other	31.3
Arvind Fashions Ltd.	Speciality retail	1.74	469.9	0.37%	-0.01%	0.42% (Jul 2025)	0.31% (Mar 2025)	9.98 L	0.00	Other	31.3
Dixon Technologies (India) Ltd.	Consumer electronics	0.37	469.1	0.37%	-0.05%	0.96% (Feb 2025)	0.37% (Jan 2026)	44.90 k	0.00	Other	31.3
- Sobha Ltd.	Residential, commercial projects	2.22	384	0.30%	0.01%	0.32% (Jul 2025)	0.27% (Mar 2025)	2.65 L	0.00	Small Cap	8.48
Kaynes Technology India Private Ltd.	Industrial products	0.27	341.7	0.27%	-0.20%	1.84% (Sep 2025)	0.27% (Jan 2026)	98.31 k	-0.53 L	Other	31.3
Azad Engineering Ltd.	Aerospace & defense	6.06	314.6	0.25%	-0.02%	0.27% (Dec 2025)	0% (Feb 2025)	2.13 L	0.00	Other	31.3
Brigade Hotel Ventures Ltd.	Hotels & resorts	1.76	286.2	0.23%	-0.02%	0.32% (Aug 2025)	0% (Feb 2025)	47.04 L	0.00	Other	31.3
Rainbow Childrens Medicare Ltd.	Hospital	3.33	270.8	0.21%	-0.57%	0.9% (Aug 2025)	0.21% (Jan 2026)	2.38 L	-5.32 L	Other	31.3
Neogen Chemicals Ltd.	Specialty chemicals	1.22	258.9	0.20%	0.01%	0.32% (Feb 2025)	0.18% (Nov 2025)	2.13 L	0.00	Other	31.3
Suven Pharmaceuticals Ltd.	Pharmaceuticals	2.82	254.9	0.20%	-0.07%	0.45% (Sep 2025)	0% (Feb 2025)	6.68 L	0.00	Other	31.3
Neuland Laboratories Ltd.	Pharmaceuticals	2.82	253.6	0.20%	-0.02%	0.25% (Nov 2025)	0.17% (May 2025)	19.14 k	0.00	Small Cap	8.48
Gokaldas Exports Ltd.	Garments & apparels	0.09	111.1	0.09%	-0.03%	0.14% (Nov 2025)	0% (Feb 2025)	2.02 L	0.00	Small Cap	8.48
# Wakefit Innovations Ltd.	Furniture, home furnishing	0.06	78.5	0.06%	0.06%	0.06% (Jan 2026)	0% (Feb 2025)	4.31 L	4.31 L	Other	31.3
One Mobikwik Systems Ltd.	Financial technology (fintech)	1.89	41.6	0.03%	0.00%	0.1% (Mar 2025)	0.03% (Jan 2026)	2.10 L	0.00	Other	31.3
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.52	21.1	0.02%	0.00%	0% (Mar 2026)	0% (Mar 2026)	20.67 L	0.00	Other	31.3
- Meesho Ltd.	E-retail/ e-commerce	4.26	19	0.02%	0.00%	0.02% (Dec 2025)	0% (Feb 2025)	1.09 L	0.00	Other	31.3
Brigade Enterprises Ltd.	Residential, commercial projects	2.22	1182.3	0.00%	-0.91%	-	-	-	-	Small Cap	8.48
Carborundum Universal Ltd.	Abrasives & bearings		342	0.00%	-0.26%	-	-	-	-	Small Cap	8.48

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Wakefit Innovations Ltd.	Furniture, home furnishing	78.5	0.06%	0.06%	0.06% (Jan 2026)	0% (Feb 2025)	4.31 L	430920
# Axis Bank Ltd.	Private sector bank	1178.8	0.93%	0.93%	0.93% (Jan 2026)	0% (Feb 2025)	8.60 L	860203
# State Bank Of India	Public sector bank	1314	1.04%	1.04%	1.7% (Mar 2025)	0% (Feb 2025)	12.20 L	1219867

Stocks removed from Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Brigade Enterprises Ltd.	Residential, commercial projects	1182.3	0.00%	-0.91%	1.8% (Feb 2025)	0% (Feb 2025)	0.00	-1335896
Carborundum Universal Ltd.	Abrasives & bearings	342	0.00%	-0.26%	0.34% (Mar 2025)	0% (Feb 2025)	0.00	-399538

Trend in stock holdings (Top 15 Holding)

Stock	Jan 2026	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025
ICICI Bank Ltd.	9.31%	17.91%	9.09%	8.39%	8.66%	9.08%	9.41%	9.02%	9.37%	9.60%	9.31%	9.00%	8.59%
HDFC Bank Ltd.	6.61%	15.45%	7.70%	7.52%	7.46%	7.55%	7.83%	7.63%	7.70%	7.78%	7.10%	7.28%	6.55%
Bajaj Finance Ltd.	3.09%	7.81%	5.91%	5.92%	5.93%	5.15%	5.06%	5.39%	5.49%	5.26%	5.46%	5.47%	4.63%
Bharti Airtel Ltd.	4.62%	10.32%	5.05%	4.92%	4.64%	4.71%	4.67%	4.82%	4.62%	4.71%	4.49%	4.41%	4.18%
Infosys Ltd.	4.45%	8.50%	3.33%	3.15%	3.16%	3.25%	3.27%	3.41%	3.45%	3.44%	3.70%	4.30%	4.39%
Eternal Ltd.	3.60%	7.48%	3.96%	4.18%	4.22%	3.60%	3.20%	2.70%	2.53%	2.48%	4.42%	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	-	-	2.32%	2.11%
Bharat Electronics Ltd.	4.19%	7.23%	3.66%	3.77%	3.68%	3.40%	3.45%	3.73%	3.54%	3.00%	2.95%	2.61%	2.85%
Mahindra & Mahindra Ltd.	3.57%	7.48%	3.81%	3.53%	3.57%	3.37%	3.30%	2.90%	2.82%	2.75%	2.56%	2.69%	2.86%
Krishna Institute of Medical Sciences Ltd.	2.60%	5.47%	3.21%	3.37%	3.37%	3.52%	3.57%	3.17%	3.35%	3.21%	3.21%	2.83%	3.04%
Ultratech Cement Ltd.	3.20%	5.77%	2.79%	2.86%	3.01%	3.15%	2.99%	2.90%	2.79%	3.01%	3.05%	2.91%	3.02%
Trent Limited	1.37%	3.00%	1.46%	1.61%	1.65%	3.02%	2.80%	3.76%	3.54%	3.37%	3.56%	3.52%	3.82%
InterGlobe Aviation Ltd.	1.50%	3.86%	3.04%	2.89%	2.96%	3.02%	2.87%	2.85%	2.64%	2.70%	2.90%	2.75%	2.38%
Cholamandalam Investment & Finance Co. Ltd.	2.14%	4.49%	2.25%	2.35%	2.30%	2.05%	2.04%	2.26%	2.30%	2.23%	2.33%	2.33%	1.96%
Mankind Pharma Ltd.	1.81%	3.63%	1.83%	1.93%	2.03%	2.08%	2.11%	1.88%	2.07%	2.15%	2.17%	2.22%	2.16%