Axis Nifty Smallcap 50 Index 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.

Equity Holding : 99.93% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.93%

No of Stocks : 50 (Category Avg - 54.20) | Large Cap Investments : 1.78%| Mid Cap Investments : 17.76% | Small Cap Investments : 51.94% | Other : 28.46%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	50	76.28
Top 5 Stock Weight	21.12%	37.21%
Top 10 Stock Weight	34.51%	54.41%
Top 3 Sector Weight	28.9%	34.22%

Category - Index Funds/ETFs

Particulars	This Scheme	Category
Average mcap (Cr)	5613.03	113148.29
Holdings in large cap stocks	1.78%	50.9%
Holdings in mid cap stocks	17.76%	15.68%
Holdings in small cap stocks	51.94%	8.49%

Category - Index Funds/ETFs

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	343	6.15%	0.69%	6.48% (Jun 2025)	4.41% (Nov 2024)	37.11 k	-0.42 k
Laurus Labs Ltd.	Pharmaceuticals	269.4	4.83%	0.34%	5.23% (Aug 2025)	3.12% (Nov 2024)	2.83 L	-3.18 k
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	205.6	3.69%	0.12%	4.54% (Jun 2025)	3.49% (Feb 2025)	1.30 L	-1.47 k
Delhivery Ltd.	Logistics solution provider	181.2	3.25%	-0.06%	3.76% (Aug 2025)	0% (Nov 2024)	3.89 L	-4.43 k
Radico Khaitan Ltd.	Breweries & distilleries	178.2	3.20%	0.09%	3.48% (Aug 2025)	2.66% (Jan 2025)	56.90 k	-0.64 k
Karur Vysya Bank Ltd	Private sector bank	167	2.99%	0.26%	2.99% (Oct 2025)	0% (Nov 2024)	6.87 L	-7.00 k
Kaynes Technology India Private Ltd.	Industrial products	152.3	2.73%	-0.29%	3.03% (Sep 2025)	0% (Nov 2024)	22.71 k	-0.25 k
Navin Flourine International Ltd.	Commodity chemicals	152.1	2.73%	0.39%	2.73% (Oct 2025)	1.59% (Dec 2024)	26.74 k	-0.30 k
Cholamandalam Financial Holdings Ltd.	Investment company	137.8	2.47%	-0.09%	2.56% (Sep 2025)	0% (Nov 2024)	72.03 k	-0.74 k
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	137.6	2.47%	-0.01%	3.4% (Dec 2024)	2.47% (Oct 2025)	34.90 k	-0.39 k

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

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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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
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	7.59	343	6.15%	0.69%	6.48% (Jun 2025)	4.41% (Nov 2024)	37.11 k	-0.42 k	Small Cap	51.94
Laurus Labs Ltd.	Pharmaceuticals	14.39	269.4	4.83%	0.34%	5.23% (Aug 2025)	3.12% (Nov 2024)	2.83 L	-3.18 k	Other	28.46
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	6.16	205.6	3.69%	0.12%	4.54% (Jun 2025)	3.49% (Feb 2025)	1.30 L	-1.47 k	Small Cap	51.94
Delhivery Ltd.	Logistics solution provider	3.25	181.2	3.25%	-0.06%	3.76% (Aug 2025)	0% (Nov 2024)	3.89 L	-4.43 k	Other	28.46
Radico Khaitan Ltd.	Breweries & distilleries	3.2	178.2	3.20%	0.09%	3.48% (Aug 2025)	2.66% (Jan 2025)	56.90 k	-0.64 k	Small Cap	51.94
Karur Vysya Bank Ltd	Private sector bank	4.77	167	2.99%	0.26%	2.99% (Oct 2025)	0% (Nov 2024)	6.87 L	-7.00 k	Small Cap	51.94
Kaynes Technology India Private Ltd.	Industrial products	2.73	152.3	2.73%	-0.29%	3.03% (Sep 2025)	0% (Nov 2024)	22.71 k	-0.25 k	Other	28.46
Navin Flourine International Ltd.	Commodity chemicals	4.54	152.1	2.73%	0.39%	2.73% (Oct 2025)	1.59% (Dec 2024)	26.74 k	-0.30 k	Small Cap	51.94
Cholamandalam Financial Holdings Ltd.	Investment company	2.47	137.8	2.47%	-0.09%	2.56% (Sep 2025)	0% (Nov 2024)	72.03 k	-0.74 k	Small Cap	51.94
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	6.16	137.6	2.47%	-0.01%	3.4% (Dec 2024)	2.47% (Oct 2025)	34.90 k	-0.39 k	Other	28.46
Crompton Greaves Consumer Electricals Ltd.	Household appliances	4.6	132.1	2.37%	-0.20%	3.83% (Mar 2025)	2.37% (Oct 2025)	4.67 L	-5.23 k	Mid Cap	17.76
PNB Housing Finance Ltd.	Housing finance company	2.28	126.9	2.28%	0.05%	2.65% (Apr 2025)	1.27% (Nov 2024)	1.37 L	-1.50 k	Mid Cap	17.76
Amber Enterprises India Ltd.	Household appliances	4.6	124.2	2.23%	-0.13%	2.48% (Mar 2025)	0% (Nov 2024)	15.45 k	-0.18 k	Small Cap	51.94
Angel One Ltd.	Stockbroking & allied	2.09	116.5	2.09%	0.21%	2.68% (May 2025)	1.88% (Sep 2025)	46.75 k	-0.52 k	Other	28.46
Gland Pharma Ltd.	Pharmaceuticals	14.39	111.7	2.00%	-0.17%	2.17% (Sep 2025)	0% (Nov 2024)	57.88 k	-0.58 k	Other	28.46
Aster DM Healthcare Ltd.	Hospital	3.55	111.5	2.00%	0.05%	2.11% (Aug 2025)	0% (Nov 2024)	1.64 L	-1.83 k	Small Cap	51.94
Redington Ltd.	Trading & distributors	1.96	109.3	1.96%	-0.35%	2.36% (Feb 2025)	0% (Nov 2024)	4.31 L	-5.72 k	Small Cap	51.94
Inox Wind Ltd.	Heavy electrical equipment	3.33	108.8	1.95%	0.09%	2.08% (Aug 2025)	0% (Nov 2024)	7.01 L	-7.65 k	Small Cap	51.94
Manappuram Finance Ltd.	Non banking financial company (nbfc)	6.92	107.2	1.92%	-0.19%	2.11% (Sep 2025)	0% (Nov 2024)	3.98 L	-4.08 k	Mid Cap	17.76
KFIN Technologies Ltd.	Financial technology (fintech)	1.9	106.1	1.90%	0.03%	2.26% (Apr 2025)	0% (Nov 2024)	96.59 k	1.10 k	Other	28.46
Neuland Laboratories Ltd.	Pharmaceuticals	14.39	102.4	1.84%	0.12%	1.84% (Oct 2025)	0% (Nov 2024)	6.22 k	-85.00	Small Cap	51.94
Tata Chemicals Ltd.	Commodity chemicals	4.54	101.1	1.81%	-0.17%	2.29% (Jul 2025)	0% (Nov 2024)	1.13 L	-1.69 k	Mid Cap	17.76
Magma Fincorp Ltd.	Non banking financial company (nbfc)	6.92	100.3	1.80%	-0.16%	1.96% (Sep 2025)	0% (Nov 2024)	2.08 L	-3.08 k	Small Cap	51.94
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	14.39	99.2	1.78%	-0.13%	1.91% (Sep 2025)	0% (Nov 2024)	58.99 k	-0.81 k	Other	28.46
Bandhan Bank Ltd.	Private sector bank	4.77	99.1	1.78%	-0.16%	1.94% (Sep 2025)	0% (Nov 2024)	6.33 L	-7.12 k	Large Cap	1.78
Reliance Power Ltd.	Power generation	1.73	96.4	1.73%	-0.02%	2.78% (Jun 2025)	0% (Nov 2024)	20.77 L	-0.30 L	Small Cap	51.94
The Ramco Cements Ltd.	Cement & cement products	1.72	96	1.72%	0.01%	2.21% (Jul 2025)	1.71% (Sep 2025)	91.88 k	-1.05 k	Mid Cap	17.76
Welspun Corp Ltd.	Iron & steel products	1.65	91.9	1.65%	0.11%	1.65% (Oct 2025)	0% (Nov 2024)	95.19 k	-1.06 k	Small Cap	51.94
IIFL Finance Ltd.	Non banking financial company (nbfc)	6.92	90	1.61%	0.17%	1.65% (Jul 2025)	1.23% (Feb 2025)	1.68 L	-2.40 k	Small Cap	51.94
Piramal Pharma Ltd.	Pharmaceuticals	14.39	89.5	1.61%	-0.02%	2.33% (Mar 2025)	1.61% (Oct 2025)	4.48 L	-6.15 k	Other	28.46
Amara Raja Batteries Limited	Auto components & equipments	1.6	89.2	1.60%	-0.06%	2.19% (Nov 2024)	1.6% (Oct 2025)	88.81 k	-1.26 k	Mid Cap	17.76
Affle India Ltd.	It enabled services	4.33	88.6	1.59%	-0.10%	1.88% (Aug 2025)	0% (Nov 2024)	45.91 k	-0.65 k	Other	28.46
Five-Star Business Finance Ltd.	Non banking financial company (nbfc)	6.92	88.5	1.59%	0.21%	2.27% (Mar 2025)	0% (Nov 2024)	1.36 L	-1.57 k	Other	28.46
NBCC (India) Ltd.	Civil construction	1.58	88.2	1.58%	0.06%	1.94% (May 2025)	1.33% (Feb 2025)	7.51 L	-0.10 L	Mid Cap	17.76
DR. LAL PATHLABS Ltd.	Healthcare service provider	1.56	86.8	1.56%	-0.08%	1.93% (Aug 2025)	0% (Nov 2024)	27.70 k	-0.39 k	Small Cap	51.94
Narayana Hrudayalaya Ltd.	Hospital	3.55	86.5	1.55%	-0.01%	1.73% (Feb 2025)	0% (Nov 2024)	49.25 k	1.02 k	Small Cap	51.94
Himadri Speciality Chemical Ltd.	Specialty chemicals	2.49	82.1	1.47%	0.05%	1.72% (Jun 2025)	0% (Nov 2024)	1.70 L	-2.34 k	Small Cap	51.94
Firstsource Solutions Ltd.	It enabled services	4.33	81.5	1.46%	0.03%	1.81% (Mar 2025)	0% (Nov 2024)	2.30 L	-3.19 k	Small Cap	51.94
Indian Energy Exchange Ltd.	Exchange and data platform	7.59	80.2	1.44%	-0.08%	2.37% (Apr 2025)	1.44% (Oct 2025)	5.77 L	-7.87 k	Small Cap	51.94
Cesc Ltd.	Integrated power utilities	1.43	79.9	1.43%	0.03%	1.64% (Dec 2024)	1.4% (Jan 2025)	4.44 L	-0.20 L	Other	28.46
KEC International Ltd.	Heavy electrical equipment	3.33	77	1.38%	-0.18%	1.69% (Mar 2025)	0% (Nov 2024)	94.11 k	-1.35 k	Small Cap	51.94
Wockhardt Ltd.	Pharmaceuticals	14.39	76.7	1.38%	-0.34%	1.72% (Sep 2025)	0% (Nov 2024)	59.86 k	-0.81 k	Small Cap	51.94
Cyient Ltd.	It enabled services	4.33	71.5	1.28%	-0.05%	2.19% (Nov 2024)	1.28% (Oct 2025)	61.51 k	-0.73 k	Small Cap	51.94
Aditya Birla Real Estate Ltd.	Paper & paper products	1.28	71.4	1.28%	0.07%	2.01% (Nov 2024)	1.21% (Sep 2025)	38.04 k	-0.43 k	Mid Cap	17.76
Castrol (india) Ltd.	Lubricants	1.23	68.6	1.23%	-0.10%	1.82% (Feb 2025)	1.23% (Oct 2025)	3.52 L	-3.99 k	Mid Cap	17.76
Aegis Logistics Ltd.	Trading - gas	1.23	68.5	1.23%	-0.09%	1.72% (Mar 2025)	0% (Nov 2024)	91.32 k	-1.09 k	Small Cap	51.94
PG Electroplast Ltd.	Consumer electronics	1.19	66.4	1.19%	0.13%	1.19% (Oct 2025)	0% (Nov 2024)	1.16 L	2.80 k	Other	28.46
Zensar Technologies Ltd.	Computers - software & consulting	1.19	66.4	1.19%	-0.01%	1.55% (Jan 2025)	1.19% (Oct 2025)	83.30 k	-0.93 k	Small Cap	51.94
Aarti Industries Ltd.	Specialty chemicals	2.49	56.7	1.02%	-0.04%	1.46% (May 2025)	1.02% (Oct 2025)	1.49 L	-1.61 k	Mid Cap	17.76
NATCO Pharma Ltd.	Pharmaceuticals	14.39	53.1	0.95%	-0.03%	1.74% (Dec 2024)	0.95% (Oct 2025)	64.76 k	-1.14 k	Mid Cap	17.76

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

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Multi Commodity Exchange Of India Ltd.	6.15%	5.46%	5.88%	5.84%	6.48%	5.12%	5.13%	4.56%	4.50%	4.56%	4.45%	4.41%	4.70%
Laurus Labs Ltd.	4.83%	4.49%	5.23%	5.09%	4.03%	3.62%	3.87%	4.04%	3.67%	3.59%	3.33%	3.12%	2.74%
Central Depository Services (India) Ltd.	3.69%	3.57%	3.95%	3.93%	4.54%	4.14%	3.86%	3.66%	3.49%	3.64%	4.39%	4.08%	3.89%
Blue Star Ltd.	-	-	-	-	-	-	-	-	4.41%	3.69%	3.89%	3.36%	3.43%
Glenmark Pharmaceuticals Ltd.	-	-	-	-	-	-	-	-	3.41%	3.42%	3.40%	3.22%	3.61%
Crompton Greaves Consumer Electricals Ltd.	2.37%	2.57%	3.31%	3.09%	3.24%	3.44%	3.55%	3.83%	3.66%	3.45%	3.57%	3.69%	3.56%
360 ONE WAM Ltd.	-	-	-	-	-	-	-	-	3.44%	3.06%	3.42%	3.02%	2.14%
Radico Khaitan Ltd.	3.20%	3.10%	3.48%	3.18%	2.90%	3.01%	3.15%	3.20%	2.87%	2.66%	2.86%	2.69%	2.62%
Delhivery Ltd.	3.25%	3.31%	3.76%	3.27%	2.79%	2.79%	2.57%	2.18%	-	-	-	-	-
Computer Age Management Services Pvt Ltd.	2.47%	2.48%	2.77%	2.67%	2.92%	2.89%	3.07%	3.00%	2.66%	2.70%	3.40%	3.29%	3.00%
National Aluminium Co. Ltd.	-	-	-	-	-	-	-	-	2.82%	2.83%	2.66%	3.03%	2.88%
Karur Vysya Bank Ltd	2.99%	2.73%	-	-	-	-	-	-	2.80%	2.92%	2.39%	2.59%	2.51%
Kaynes Technology India Private Ltd.	2.73%	3.03%	2.59%	2.49%	2.35%	2.46%	2.56%	2.15%	-	-	-	-	-
Cholamandalam Financial Holdings Ltd.	2.47%	2.56%	-	-	-	-	-	-	-	-	-	-	-
Brigade Enterprises Ltd.	-	-	2.00%	2.08%	2.18%	2.30%	2.33%	2.27%	2.31%	2.53%	2.41%	2.39%	2.30%