Axis Conservative Hybrid 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 : 19.59% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 19.59%

No of Stocks : 33 (Category Avg - 35.72) | Large Cap Investments : 14.37%| Mid Cap Investments : 1.16% | Small Cap Investments : 0% | Other : 4.05%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	33	35.72
Top 5 Stock Weight	8.1%	8.04%
Top 10 Stock Weight	12.42%	12.06%
Top 3 Sector Weight	8.4%	8.38%

Category - Conservative Hybrid Fund

Particulars	This Scheme	Category
Average mcap (Cr)	39412.45	27444.65
Holdings in large cap stocks	14.37%	11.22%
Holdings in mid cap stocks	1.16%	2.1%
Holdings in small cap stocks	0%	1.89%

Category - Conservative Hybrid Fund

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
HDFC Bank Ltd.	Private sector bank	61.2	2.24%	0.07%	2.24% (Oct 2025)	1.87% (Nov 2024)	61.95 k
Reliance Industries Ltd.	Refineries & marketing	48	1.76%	0.13%	1.76% (Oct 2025)	1.35% (Dec 2024)	32.28 k
State Bank Of India	Public sector bank	39	1.43%	0.09%	1.43% (Oct 2025)	0.6% (Feb 2025)	41.59 k
Infosys Ltd.	Computers - software & consulting	37.2	1.36%	0.03%	1.84% (Jan 2025)	1.29% (Apr 2025)	25.06 k
ICICI Bank Ltd.	Private sector bank	35.8	1.31%	-0.01%	1.86% (May 2025)	1.31% (Oct 2025)	26.57 k
Larsen & Toubro Ltd.	Civil construction	30.4	1.12%	0.10%	1.12% (Oct 2025)	0.57% (Apr 2025)	7.55 k
Cipla Ltd.	Pharmaceuticals	24.5	0.90%	-0.01%	0.94% (Oct 2025)	0.49% (Dec 2024)	16.33 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	23.4	0.86%	0.07%	0.86% (Oct 2025)	0.55% (Nov 2024)	11.41 k
National Thermal Power Corporation Ltd.	Power generation	20.7	0.76%	-0.01%	0.77% (Sep 2025)	0.19% (Feb 2025)	61.47 k
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	18.5	0.68%	0.03%	0.68% (Oct 2025)	0.44% (Dec 2024)	10.89 k

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

View complete holding

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

None
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
HDFC Bank Ltd.	Private sector bank	4.19	61.2	2.24%	0.07%	2.24% (Oct 2025)	1.87% (Nov 2024)	61.95 k	0.00	Other	4.05
Reliance Industries Ltd.	Refineries & marketing	2.09	48	1.76%	0.13%	1.76% (Oct 2025)	1.35% (Dec 2024)	32.28 k	0.00	Large Cap	14.37
State Bank Of India	Public sector bank	2.07	39	1.43%	0.09%	1.43% (Oct 2025)	0.6% (Feb 2025)	41.59 k	0.00	Large Cap	14.37
Infosys Ltd.	Computers - software & consulting	2.12	37.2	1.36%	0.03%	1.84% (Jan 2025)	1.29% (Apr 2025)	25.06 k	0.00	Large Cap	14.37
ICICI Bank Ltd.	Private sector bank	4.19	35.8	1.31%	-0.01%	1.86% (May 2025)	1.31% (Oct 2025)	26.57 k	0.00	Large Cap	14.37
Larsen & Toubro Ltd.	Civil construction	1.12	30.4	1.12%	0.10%	1.12% (Oct 2025)	0.57% (Apr 2025)	7.55 k	0.00	Large Cap	14.37
Cipla Ltd.	Pharmaceuticals	1.5	24.5	0.90%	-0.01%	0.94% (Oct 2025)	0.49% (Dec 2024)	16.33 k	0.00	Large Cap	14.37
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	0.86	23.4	0.86%	0.07%	0.86% (Oct 2025)	0.55% (Nov 2024)	11.41 k	0.00	Large Cap	14.37
National Thermal Power Corporation Ltd.	Power generation	0.76	20.7	0.76%	-0.01%	0.77% (Sep 2025)	0.19% (Feb 2025)	61.47 k	0.00	Large Cap	14.37
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	1.2	18.5	0.68%	0.03%	0.68% (Oct 2025)	0.44% (Dec 2024)	10.89 k	0.00	Other	4.05
Bank Of Baroda	Public sector bank	2.07	17.5	0.64%	0.04%	1.09% (Dec 2024)	0.53% (May 2025)	62.94 k	0.00	Large Cap	14.37
Kotak Mahindra Bank Ltd.	Private sector bank	4.19	17.5	0.64%	0.03%	0.67% (Apr 2025)	0.45% (Nov 2024)	8.31 k	0.00	Large Cap	14.37
- Pi Industries Ltd.	Pesticides & agrochemicals	0.9	16.8	0.61%	0.01%	0.71% (Jul 2025)	0.53% (Feb 2025)	4.69 k	0.00	Mid Cap	1.16
- Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	0.57	15.1	0.55%	0.01%	1.48% (Jan 2025)	0.55% (Sep 2025)	4.33 k	0.00	Large Cap	14.37
HDFC Life Insurance Company Ltd.	Life insurance	0.67	15	0.55%	-0.02%	0.58% (Oct 2025)	0.4% (Dec 2024)	20.52 k	0.00	Large Cap	14.37
LTIMindtree Ltd.	Computers - software & consulting	2.12	13.3	0.49%	0.04%	0.53% (Dec 2024)	0.37% (Apr 2025)	2.34 k	0.00	Mid Cap	1.16
Bajaj Finance Ltd.	Non banking financial company (nbfc)	1.2	12.6	0.46%	0.02%	2.2% (Feb 2025)	0.44% (Sep 2025)	12.03 k	0.00	Other	4.05
ITC Limited	Diversified fmcg	0.54	10.4	0.38%	0.01%	0.38% (Oct 2025)	0% (Nov 2024)	24.75 k	0.00	Large Cap	14.37
Divis Laboratories Ltd.	Pharmaceuticals	1.5	10	0.37%	0.05%	0.37% (Oct 2025)	0.29% (Dec 2024)	1.48 k	0.00	Large Cap	14.37
Titan Company Ltd.	Gems, jewellery and watches	0.34	9.4	0.34%	0.03%	0.34% (Oct 2025)	0% (Nov 2024)	2.50 k	0.00	Large Cap	14.37
Bharat Petroleum Corporation Ltd.	Refineries & marketing	2.09	9.1	0.33%	0.01%	0.53% (Jul 2025)	0.23% (Nov 2024)	25.38 k	0.00	Large Cap	14.37
Sumitomo Chemical India Private Ltd.	Pesticides & agrochemicals	0.9	7.9	0.29%	-0.02%	0.67% (Jul 2025)	0.29% (Oct 2025)	15.63 k	0.00	Other	4.05
Tata Consultancy Services Ltd.	Computers - software & consulting	2.12	7.2	0.27%	0.01%	0.65% (Dec 2024)	0.25% (Sep 2025)	2.37 k	0.00	Large Cap	14.37
- Britannia Industries Ltd.	Packaged foods	0.31	7.2	0.27%	-0.01%	0.28% (Sep 2025)	0.2% (Dec 2024)	1.24 k	0.00	Large Cap	14.37
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1.5	6.4	0.23%	0.01%	0.86% (Jan 2025)	0.22% (Aug 2025)	3.77 k	0.00	Large Cap	14.37
Sona BLW Precision Forgings Ltd.	Auto components & equipments	0.33	4.6	0.17%	0.02%	0.22% (Nov 2024)	0.15% (Sep 2025)	9.73 k	0.00	Other	4.05
Sansera Engineering Ltd.	Auto components & equipments	0.33	4.5	0.16%	0.01%	0.56% (Nov 2024)	0.12% (Apr 2025)	2.96 k	0.00	Other	4.05
Hindustan Unilever Ltd.	Diversified fmcg	0.54	4.4	0.16%	0.00%	0.5% (Jan 2025)	0.14% (Jun 2025)	1.78 k	0.00	Large Cap	14.37
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.67	3.4	0.12%	0.00%	0.6% (Jan 2025)	0.12% (Oct 2025)	5.77 k	0.00	Large Cap	14.37
- Sundaram Finance Limited	Non banking financial company (nbfc)	1.2	1.6	0.06%	0.00%	0.07% (Apr 2025)	0.05% (Dec 2024)	353.00	0.00	Mid Cap	1.16
- Nestle India Ltd.	Packaged foods	0.31	1.1	0.04%	0.00%	0.3% (Nov 2024)	0.03% (Aug 2025)	884.00	0.00	Other	4.05
Tata Motors Ltd.	Passenger cars & utility vehicles	0.57	0.6	0.02%	-0.01%	0.34% (Jan 2025)	0.02% (Oct 2025)	1.38 k	0.00	Large Cap	14.37
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.01	0.4	0.01%	0.01%	0.01% (Oct 2025)	0% (Nov 2024)	1.38 k	1.38 k	Other	4.05

- 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
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.4	0.01%	0.01%	0.01% (Oct 2025)	0% (Nov 2024)	1.38 k	1378

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
HDFC Bank Ltd.	2.24%	2.18%	2.13%	2.21%	2.15%	2.13%	2.17%	2.08%	2.01%	1.97%	1.88%	1.87%	1.80%
ICICI Bank Ltd.	1.31%	1.32%	1.34%	1.39%	1.58%	1.82%	1.85%	1.76%	1.60%	1.67%	1.66%	1.66%	1.64%
Reliance Industries Ltd.	1.76%	1.63%	1.59%	1.59%	1.68%	1.62%	1.65%	1.51%	1.45%	1.53%	1.35%	1.40%	1.44%
Infosys Ltd.	1.36%	1.34%	1.33%	1.34%	1.39%	1.39%	1.37%	1.45%	1.58%	1.76%	1.62%	1.57%	1.47%
Bajaj Finance Ltd.	0.46%	0.44%	0.56%	0.55%	1.49%	1.49%	1.45%	1.97%	2.20%	2.04%	1.61%	1.53%	1.59%
Mahindra & Mahindra Ltd.	0.55%	0.55%	0.68%	0.66%	1.14%	1.09%	1.10%	1.06%	1.20%	1.48%	1.36%	1.32%	1.21%
State Bank Of India	1.43%	1.34%	1.21%	1.17%	0.66%	0.66%	0.66%	0.66%	0.60%	0.67%	0.63%	0.65%	0.63%
Larsen & Toubro Ltd.	1.12%	1.02%	0.98%	0.97%	0.96%	0.98%	0.59%	0.63%	0.58%	0.65%	0.60%	0.61%	0.44%
Bank Of Baroda	0.64%	0.60%	0.53%	0.53%	0.54%	0.56%	0.91%	0.84%	0.74%	1.01%	1.04%	1.04%	1.06%
Bharti Airtel Ltd.	0.86%	0.79%	0.78%	0.77%	0.79%	0.75%	0.77%	0.73%	0.67%	0.70%	0.62%	0.55%	0.44%
National Thermal Power Corporation Ltd.	0.76%	0.77%	0.73%	0.73%	0.71%	0.73%	0.67%	0.68%	0.19%	-	-	-	-
Cipla Ltd.	0.90%	0.91%	0.94%	0.90%	0.53%	0.52%	0.57%	0.54%	0.53%	0.56%	0.53%	0.52%	0.53%
Pi Industries Ltd.	0.61%	0.61%	0.63%	0.71%	0.67%	0.63%	0.62%	0.59%	0.53%	0.61%	0.59%	0.64%	0.70%
Cholamandalam Investment & Finance Co. Ltd.	0.68%	0.65%	0.56%	0.56%	0.61%	0.62%	0.59%	0.61%	0.57%	0.52%	0.44%	0.51%	0.53%
Kotak Mahindra Bank Ltd.	0.64%	0.61%	0.59%	0.58%	0.62%	0.61%	0.67%	0.66%	0.54%	0.54%	0.47%	0.45%	0.44%

No of Debt Holding 20 (Category Avg - 40.89) | Modified Duration 4.50 Years (Category Avg - 4.39)| Yield to Maturity 7.05% (Category Avg - 7.00%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	41.81%	35.08%
CD	0.00%	0.52%
T-Bills	0.00%	0.12%
NCD & Bonds	30.04%	33.30%
PTC	0.00%	0.97%

Category - Conservative Hybrid Fund

Security Type	% Weight	Category Average
Government Backed	41.81%	35.21%
Low Risk	23.85%	33.08%
Moderate Risk	5.54%	1.67%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.65%	0.04%

Category - Conservative Hybrid Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			362.90	13.30%	35.00 L
Bond - Govt of India	GOI	Other			304.07	11.15%	30.00 L
Bond - Govt of India	GOI	Other			245.10	8.99%	25.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	154.50	5.66%	1.50 k
Bond - Govt of India	GOI	Other			103.22	3.78%	10.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	101.93	3.74%	1.00 k
Bond - Samvardhana Motherson International Ltd.	NCD & Bonds	Auto components & equipments	INDAAA	FITCH	100.27	3.68%	1.00 k
Bond - Govt of India	GOI	Other			92.37	3.39%	9.00 L
Bond - Bamboo Hotel And Global Centre (Delhi) Private Ltd.	NCD & Bonds	Hotels & resorts	LA+	ICRA	50.80	1.86%	500.00
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	50.51	1.85%	500.00
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	AA	FITCH	50.25	1.84%	500.00
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	50.10	1.84%	500.00
Bond - Indian Bank	NCD & Bonds	Public sector bank	AA+	CRISIL	50.05	1.83%	50.00
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	49.95	1.83%	50.00
Bond - Aptus Value Housing Finance India Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	49.88	1.83%	500.00
Bond - IKF Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	49.79	1.83%	500.00
Bond - Aptus Finance India Private Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	43.75	1.60%	500.00
Bond - Govt of India	GOI	Other			30.89	1.13%	3.00 L
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	U	NA	17.84	0.65%	150.00
Bond - Govt of India	GOI	Other			1.94	0.07%	20.00 k