Axis Multi Asset Allocation Fund

Multi AssetDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

Axis Multi Asset Allocation Fund is a Multi Asset fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹2,616 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 13.6% a year and its Regular plan returned 12.4% a year.

NAV (Direct plan): ₹50.91; ▲ 0.38%29-10-2026
NAV (Regular plan): ₹43.30; ▲ 0.38%29-10-2026
Expense ratio: 1.20%Direct2.27%Regular; 1.20%; A year
Riskometer: Very High; Set by the fund house
3 year return: 13.6%Direct12.4%Regular; 13.6%; A year

Axis Multi Asset Allocation Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹50.91 (up 0.38% that day); Regular Plan Growth ₹43.30 (up 0.38% that day).

This fund (Direct plan)

₹50.9139

Axis Multi Asset Allocation Fund Returns vs Multi Asset Funds

Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−1.00%	−2.70%	−0.28%	+2.01%	+13.55%	+8.22%	+11.23%
This fund (Regular)	−1.09%	−2.96%	−0.80%	+0.93%	+12.40%	+6.95%	+9.86%
Multi Asset average	−1.71%	−3.33%	−1.78%	+2.00%	+14.20%	+12.56%	+12.92%
Best in Multi Asset	+0.22%	+1.02%	+3.21%	+8.36%	+21.56%	+18.33%	+18.26%
Worst in Multi Asset	−3.85%	−5.28%	−5.92%	−3.66%	+7.53%	+8.22%	+10.69%
Rank in Multi Asset	8/37	8/36	6/34	18/31	9/15	8/8	4/6

Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price o. Returns of that index are not available to us, so the category average is the comparison.

Axis Multi Asset Allocation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	−0.94%	−1.81%
2025	+16.47%	+15.28%
2024	+16.48%	+15.40%
2023	+14.36%	+12.93%
2022	−4.31%	−5.75%
2021	+24.87%	+22.80%

Axis Multi Asset Allocation Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,674 periods, one for each trading day from 04-01-2016 to 29-10-2026.

−5%0%5%10%15%20%25%30%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

Axis Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,162	11.1%	−13.2%	61.9%	10%	12.0%	33%
2 years	2,920	10.5%	−4.6%	38.1%	1%	12.7%	33%
3 years	2,674	11.0%	0.3%	24.1%	0%	14.1%	30%
5 years	2,181	11.9%	2.4%	19.7%	0%	12.6%	36%
7 years	1,692	12.0%	5.2%	16.0%	0%	12.5%	19%
10 years	949	11.5%	9.7%	13.6%	0%	13.2%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	11.0%	−26.3%	46.8%	12%	12.3%	41%
2 years	142	11.1%	−10.2%	34.0%	3%	12.3%	32%
3 years	130	10.6%	−4.7%	27.2%	1%	13.6%	33%
5 years	106	12.3%	0.7%	19.6%	0%	15.1%	37%
7 years	82	12.9%	3.3%	16.3%	0%	14.5%	33%
10 years	46	12.4%	10.1%	14.0%	0%	15.0%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Axis Multi Asset Allocation Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Axis Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+2.01%	+2.25%
Standard deviation	12.66%	10.59%
Sharpe ratio	-0.25	-0.28
Sortino ratio	-0.34	-0.38
Maximum drawdown	−12.1% (23-03-2026)	−10.3% (23-03-2026)

From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+13.55%	+14.48%
Standard deviation	10.70%	8.81%
Sharpe ratio	0.70	0.96
Sortino ratio	0.94	1.30
Maximum drawdown	−12.1% (23-03-2026)	−10.3% (23-03-2026)

From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+8.22%	+12.42%
Standard deviation	10.73%	8.63%
Sharpe ratio	0.23	0.77
Sortino ratio	0.30	1.04
Maximum drawdown	−17.4% (17-06-2022)	−10.3% (23-03-2026)

From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+11.23%	+12.83%
Standard deviation	11.27%	9.19%
Sharpe ratio	0.52	0.81
Sortino ratio	0.70	1.08
Maximum drawdown	−27.4% (23-03-2020)	−25.9% (23-03-2020)

From daily NAVs, 28-10-2016 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+10.55%	+12.21%
Standard deviation	10.28%	8.34%
Sharpe ratio	0.44	0.74
Sortino ratio	0.59	0.99
Maximum drawdown	−27.4% (23-03-2020)	−25.9% (23-03-2020)

From daily NAVs, 02-01-2013 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−30%−25%−20%−15%−10%−5%0%

2014201620182020202220242026

Axis Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Axis Multi Asset Allocation Fund (Direct)	−27.4%	13-02-2020	23-03-2020	09-10-2020	7 months	−6.6%
Category average	−25.9%	20-02-2020	23-03-2020	31-07-2020	4 months	−6.1%

From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Axis Multi Asset Allocation Fund vs Other Multi Asset Funds

The five Multi Asset funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Quant Multi Asset Allocation Fund	1/15	6,608	1.13%	+8.36%	+21.56%	--	--	1.37	1.95	Compare
Nippon India Multi Asset Allocation Fund	2/15	18,044	0.48%	+3.05%	+17.96%	--	--	1.19	1.63	Compare
DSP Multi Asset Allocation Fund	3/15	10,820	0.62%	+4.15%	+17.30%	--	--	1.32	1.84	Compare
Kotak Multi Asset Allocation Fund	4/15	15,236	0.63%	+4.34%	+16.23%	--	--	0.83	1.11	Compare
WhiteOak Capital Multi Asset Allocation Fund	5/15	9,111	0.65%	+6.03%	+16.11%	--	--	1.76	2.50	Compare
Axis Multi Asset Allocation Fund	9/15	2,616	1.20%	+2.01%	+13.55%	--	--	0.70	0.94

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Axis Multi Asset Allocation Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Multi Asset median	Cost rank (1 = cheapest)
Direct	0.65%	0.15%	0.00%	0.40%	1.20%	0.85%	32/37
Regular	1.57%	0.15%	0.00%	0.55%	2.27%	2.15%	24/37

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Multi Asset funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	0.93%	2.01%	1.08%	₹1,00,930	₹1,02,010
3 years	12.40%	13.55%	1.15% a year	₹1,42,003	₹1,46,407
5 years	6.95%	8.22%	1.27% a year	₹1,39,928	₹1,48,435
10 years	9.86%	11.23%	1.37% a year	₹2,56,092	₹2,89,881

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Axis Multi Asset Allocation Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-01-2013 to 29-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planAxis Multi Asset Allocation Fund (Direct)	₹16,60,000	₹38,59,987	₹21,99,987	11.4%
Regular planAxis Multi Asset Allocation Fund (Regular)	₹16,60,000	₹34,83,643	₹18,23,643	10.1%
Category averageCategory average, 37 Multi Asset funds	₹16,60,000	₹44,06,615	₹27,46,615	13.1%

₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L₹50.0 L

2014201620182020202220242026

Direct planAxis Multi Asset Allocation Fund (Direct)Regular planAxis Multi Asset Allocation Fund (Regular)Category averageCategory average, 37 Multi Asset fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Axis Multi Asset Allocation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

66.8%Equity

Asset	Fund	Category
Equity	66.8%	58.2%
Cash and others	22.7%	25.6%
Debt	10.5%	16.2%

Market cap of stocks

Market cap	Fund	Category
Large Cap	43.6%	35.1%
Mid Cap	12.6%	11.8%
Small Cap	8.7%	9.3%
Not on AMFI's list	1.9%	1.1%

Share of the whole fund. Category: the average of the Multi Asset funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 37 Multi Asset funds.

Rating	Fund	Category
Sovereign	2.1%	5.3%
AAA and A1+	3.0%	8.2%
AA	5.3%	2.4%
A and below	0.2%	0.0%

Axis Multi Asset Allocation Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks17.1%
Pharmaceuticals & Biotechnology4.0%
Finance3.7%
IT - Software3.5%
Telecom - Services2.8%
Automobiles2.6%
Retailing2.6%
Petroleum Products2.5%
Construction2.1%
Consumer Durables2.0%

The ten largest of 36 sectors. The other 26 add up to 23.9%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	16.7%	16.6%	17.1%	+0.4%
Pharmaceuticals & Biotechnology	3.7%	2.5%	4.0%	+0.3%
Finance	3.3%	2.7%	3.7%	+0.4%
IT - Software	2.3%	3.5%	3.5%	+1.2%
Telecom - Services	2.5%	2.2%	2.8%	+0.3%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Axis Multi Asset Allocation Fund Portfolio Holdings

As on 30-09-2026 · 113 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
Axis Gold ETF		11.78%
ICICI Bank Limited	Banks	5.57%	+5.4%
HDFC Bank Limited	Banks	4.23%	+16.2%
Axis Silver ETF		3.34%
Bharti Airtel Limited	Telecom - Services	2.79%	+32.7%
Axis Bank Limited	Banks	2.60%	+23.5%
Reliance Industries Limited	Petroleum Products	2.48%	+27.7%
Larsen & Toubro Limited	Construction	2.13%	−8.6%
State Bank of India	Banks	2.08%	+10.5%
Mahindra & Mahindra Limited	Automobiles	1.55%	0.0%
Kotak Mahindra Bank Limited	Banks	1.40%	+16.1%
Tata Consultancy Services Limited	IT - Software	1.19%	0.0%
Cube Highways Trust-InvIT Fund	Transport Infrastructure	1.17%
8.55% Shriram Finance Limited (28/04/2028) · Bond	CRISIL AAA	1.16%
Bajaj Finance Limited	Finance	1.14%	0.0%
8.45% Adani Airport Holdings Limited (12/02/2029) · Bond	CRISIL AA-	1.13%
SBI Life Insurance Company Limited	Insurance	1.13%	0.0%
Embassy Office Parks REIT	Realty	1.10%
UltraTech Cement Limited	Cement & Cement Products	1.06%	+46.5%
Titan Company Limited	Consumer Durables	1.05%	0.0%
Knowledge Realty Trust	Realty	1.02%
Tech Mahindra Limited	IT - Software	1.01%	+34.2%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	0.98%	+101.5%
Canara Bank	Banks	0.98%	0.0%
NTPC Limited	Power	0.98%	0.0%
Indo-MIM Limited	Industrial Manufacturing	0.96%	0.0%
Swiggy Limited	Retailing	0.95%	0.0%
9% Aditya Birla Digital Fashion Ventures Limited (20/07/2029) · Bond	CRISIL AA-	0.95%
5% GMR Airports Limited (13/02/2027) · Bond	CRISIL AA-	0.89%
Aurobindo Pharma Limited	Pharmaceuticals & Biotechnology	0.85%	New
Sagility Limited	IT - Services	0.82%	0.0%
Tata Steel Limited	Ferrous Metals	0.80%	+58.6%
7.18% Government of India (14/08/2033) · Government security	Sovereign	0.77%
Tata Consumer Products Limited	Agricultural Food & other Products	0.77%	+22.5%
TD Power Systems Limited	Electrical Equipment	0.77%	−30.0%
Marico Limited	Agricultural Food & other Products	0.76%	+12.3%
PNB Housing Finance Limited	Finance	0.76%	+297.2%
One 97 Communications Limited	Financial Technology (Fintech)	0.75%	−26.4%
Canara Bank (12/03/2027) · Certificate of deposit	CRISIL A1+	0.74%
United Spirits Limited	Beverages	0.72%	0.0%
JSW Infrastructure Ltd	Transport Infrastructure	0.71%	0.0%
Amber Enterprises India Limited	Consumer Durables	0.70%	0.0%
Vishal Mega Mart Limited	Retailing	0.69%	0.0%
Sona BLW Precision Forgings Limited	Auto Components	0.68%	0.0%
Cholamandalam Investment and Finance Company Ltd	Finance	0.66%	New
Vedanta Aluminium Metal Limited	Non - Ferrous Metals	0.66%	0.0%
HCL Technologies Limited	IT - Software	0.63%	+33.4%
Minda Corporation Limited	Auto Components	0.62%	0.0%
Hindustan Aeronautics Limited	Aerospace & Defense	0.60%	0.0%
Sapphire Foods India Limited	Leisure Services	0.60%	−22.1%
Cummins India Limited	Industrial Products	0.58%	0.0%
Doms Industries Limited	Household Products	0.58%	0.0%
7.1% Government of India (08/04/2034) · Government security	Sovereign	0.57%
Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) · Bond	ICRA AA+	0.57%
Coforge Limited	IT - Software	0.57%	0.0%
Alkem Laboratories Limited	Pharmaceuticals & Biotechnology	0.56%	0.0%
The Indian Hotels Company Limited	Leisure Services	0.55%	0.0%
Ather Energy Limited	Automobiles	0.55%	0.0%
Lenskart Solutions Limited	Retailing	0.55%	0.0%
Hyundai Motor India Ltd	Automobiles	0.54%	0.0%
Page Industries Limited	Textiles & Apparels	0.53%	0.0%
Aadhar Housing Finance Limited	Finance	0.53%	0.0%
ABB India Limited	Electrical Equipment	0.52%	0.0%
360 One WAM Limited	Capital Markets	0.52%	0.0%
JK Cement Limited	Cement & Cement Products	0.52%	+27.2%
GE Vernova T&D India Limited	Electrical Equipment	0.51%	0.0%
SPR Auto Technologies Ltd	Auto Components	0.50%	+1.7%
Torrent Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.50%	−41.8%
Fortis Healthcare Limited	Healthcare Services	0.49%	0.0%
Delhivery Limited	Transport Services	0.48%	+10.9%
Oil & Natural Gas Corporation Limited	Oil	0.48%	0.0%
Emcure Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.46%	0.0%
Britannia Industries Limited	Food Products	0.45%	0.0%
Hindustan Zinc Limited	Non - Ferrous Metals	0.45%	0.0%
Gland Pharma Limited	Pharmaceuticals & Biotechnology	0.44%	New
Krishna Institute Of Medical Sciences Limited	Healthcare Services	0.44%	0.0%
Chalet Hotels Limited	Leisure Services	0.43%	0.0%
CreditAccess Grameen Limited	Finance	0.42%	0.0%
Jindal Stainless Limited	Ferrous Metals	0.41%	New
Godrej Consumer Products Limited	Personal Products	0.40%	0.0%
Indus Infra Trust	Transport Infrastructure	0.39%
182 Days Tbill (MD 19/11/2026) · Treasury bill	Sovereign	0.38%
7.69% REC Limited (31/03/2033) · Bond	CRISIL AAA	0.38%
8.8% Aditya Birla Digital Fashion Ventures Limited (26/08/2027) · Bond	CRISIL AA-	0.38%
Muthoot Finance Limited (26/07/2029) (FRN) · Bond	CRISIL AA+	0.38%
Coromandel International Limited	Fertilizers & Agrochemicals	0.37%	0.0%
Tata Motors Ltd	Agricultural, Commercial & Construction Vehicles	0.35%	0.0%
Eternal Limited	Retailing	0.35%	−37.2%
Midwest Limited	Consumer Durables	0.29%	0.0%
PI Industries Limited	Fertilizers & Agrochemicals	0.26%	0.0%
InterGlobe Aviation Limited	Transport Services	0.26%	New
Max Healthcare Institute Limited	Healthcare Services	0.24%	−33.4%
Bajaj Finserv Limited	Finance	0.21%	0.0%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	0.20%	New
7.81% Uttar Pradesh State Development Loans (19/10/2034) · State government security	Sovereign	0.19%
The Federal Bank Limited	Banks	0.19%	−62.4%
7.68% Tata Capital Limited (07/09/2027) · Bond	CRISIL AAA	0.19%
7.66% Bajaj Housing Finance Limited (20/03/2028) · Bond	CRISIL AAA	0.19%
9% Bharti Telecom Limited (04/12/2028) · Bond	CRISIL AAA	0.19%
8.4% Muthoot Finance Limited (28/08/2028) · Bond	CRISIL AA+	0.19%
8.9% Muthoot Finance Limited (07/10/2027) · Bond	CRISIL AA+	0.19%
8.11% Pilani Investment and Industries Corporation Limited (24/04/2029) · Bond	CRISIL AA+	0.19%
Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028) · Bond	ICRA A+(CE)	0.19%
8.20% Adani Power Limited (25/01/2029) · Bond	CRISIL AA	0.19%
6.19% Government of India (16/09/2034) · Government security	Sovereign	0.18%
9.4% IKF Finance Limited (12/08/2027) · Bond	CARE AA-	0.13%
Dhoot Transmission Ltd	Auto Components	0.12%	−60.6%
9.41% India Infrastructure Fin Co Ltd (27/07/2037) · Bond	CRISIL AAA	0.11%
Infosys Limited	IT - Software	0.09%	0.0%
9.40% Vedanta Aluminium Metal Limited (20/02/2027) · Bond	ICRA AA+	0.08%
Syngene International Limited	Healthcare Services	0.07%	New
Info Edge (India) Limited	Retailing	0.04%	New
Ashok Leyland Limited	Agricultural, Commercial & Construction Vehicles	0.02%	New

Axis Multi Asset Allocation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

ICICI Bank Limited	Added	+5.4%	5.57%
HDFC Bank Limited	Added	+16.2%	4.23%
Bharti Airtel Limited	Added	+32.7%	2.79%
Axis Bank Limited	Added	+23.5%	2.60%
Larsen & Toubro Limited	Reduced	−8.6%	2.13%
Reliance Industries Limited	Added	+27.7%	2.48%
State Bank of India	Added	+10.5%	2.08%
Kotak Mahindra Bank Limited	Added	+16.1%	1.40%
TD Power Systems Limited	Reduced	−30.0%	0.77%
UltraTech Cement Limited	Added	+46.5%	1.06%
One 97 Communications Limited	Reduced	−26.4%	0.75%
Tech Mahindra Limited	Added	+34.2%	1.01%
Sun Pharmaceutical Industries Limited	Added	+101.5%	0.98%
Torrent Pharmaceuticals Limited	Reduced	−41.8%	0.50%
Sapphire Foods India Limited	Reduced	−22.1%	0.60%
Aurobindo Pharma Limited	New	New	0.85%
Tata Steel Limited	Added	+58.6%	0.80%
Tata Consumer Products Limited	Added	+22.5%	0.77%
Marico Limited	Added	+12.3%	0.76%
PNB Housing Finance Limited	Added	+297.2%	0.76%
TVS Motor Company Limited	Sold out	−100%	was 0.68%
Cholamandalam Investment and Finance Company Ltd	New	New	0.66%
HCL Technologies Limited	Added	+33.4%	0.63%
The Federal Bank Limited	Reduced	−62.4%	0.19%
Eternal Limited	Reduced	−37.2%	0.35%
JK Cement Limited	Added	+27.2%	0.52%
SPR Auto Technologies Ltd	Added	+1.7%	0.50%
Welspun Corp Limited	Sold out	−100%	was 0.50%
Delhivery Limited	Added	+10.9%	0.48%
Gland Pharma Limited	New	New	0.44%
Jindal Stainless Limited	New	New	0.41%
Max Healthcare Institute Limited	Reduced	−33.4%	0.24%
Dhoot Transmission Ltd	Reduced	−60.6%	0.12%
InterGlobe Aviation Limited	New	New	0.26%
Dr. Reddy's Laboratories Limited	New	New	0.20%
Tata Power Company Limited	Sold out	−100%	was 0.16%
Syngene International Limited	New	New	0.07%
Info Edge (India) Limited	New	New	0.04%
Ashok Leyland Limited	New	New	0.02%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Axis Multi Asset Allocation Fund bought and sold

Axis Multi Asset Allocation Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Axis ELSS- Tax Saver FundELSS · Axis	45.8%	48	Compare
Kotak MSCI India ETFETF · Kotak Mahindra	43.2%	54	Compare
Aditya Birla Sun Life Msci India ETFETF · Aditya Birla Sun Life	43.2%	54	Compare
Groww NIFTY 200 ETFETF · Groww	43.2%	56	Compare
DSP MSCI India ETFETF · DSP	43.1%	54	Compare
Axis Business Cycles FundThematic · Axis	42.9%	52	Compare
Axis Balanced Advantage FundBalanced Advantage · Axis	42.8%	58	Compare
360 ONE MSCI India ETFETF · 360 ONE	42.7%	54	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Axis Multi Asset Allocation Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.20%
Expense ratio (Regular): 2.27%
Category: Multi Asset
Risk: Very High
Launch date: 23-08-2010
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹2,616.47 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 120524
ISIN (Direct): INF846K01EV4
Scheme code (Regular): 113064
ISIN (Regular): INF846K01768
NAV history: From 02-01-2013, 13.8 years

Benchmark: Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price o
Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.

Tax on Axis Multi Asset Allocation Fund returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹50.9139	29-10-2026
direct	Monthly IDCW	₹26.0814	29-10-2026
regular	Growth	₹43.3048	29-10-2026
regular	Monthly IDCW	₹18.3971	29-10-2026

About Axis Multi Asset Allocation Fund

Axis Multi Asset Allocation Fund is a mutual fund from Axis Mutual Fund. Its category is Multi Asset. It was launched on 23-08-2010. Its benchmark is Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price o. At the end of September 2026 it held 113 securities.

Fund Manager

Ashish Naik
Fund manager of Axis Multi Asset Allocation Fund
Devang Shah
Fund manager of Axis Multi Asset Allocation Fund
Hardik Shah
Fund manager of Axis Multi Asset Allocation Fund
Aditya Pagaria
Fund manager of Axis Multi Asset Allocation Fund
Pratik Tibrewal
Fund manager of Axis Multi Asset Allocation Fund
Krishnaa N
Fund manager of Axis Multi Asset Allocation Fund
Akhil Thakker
Fund manager of Axis Multi Asset Allocation Fund

See all funds of Axis Mutual Fund

AUM change

September 2026: ₹2,616.47 Cr; +0.20% from August 2026
August 2026: ₹2,611.13 Cr; +4.47% from July 2026
July 2026: ₹2,499.50 Cr; +4.84% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Axis Multi Asset Allocation Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Axis Multi Asset Allocation vs Quant Multi Asset AllocationMulti Asset
Axis Multi Asset Allocation vs Nippon India Multi Asset AllocationMulti Asset
Axis Multi Asset Allocation vs DSP Multi Asset AllocationMulti Asset
Axis Multi Asset Allocation vs Kotak Multi Asset AllocationMulti Asset
Axis Multi Asset Allocation vs WhiteOak Capital Multi Asset AllocationMulti Asset
Axis Multi Asset Allocation vs Axis ELSS- Tax Saver45.8% overlap
Axis Multi Asset Allocation vs Kotak MSCI India ETF43.2% overlap
Axis Multi Asset Allocation vs Aditya Birla Sun Life Msci India ETF43.2% overlap

Compare with any other fund

Frequently Asked Questions for Axis Multi Asset Allocation Fund

What is the current NAV of Axis Multi Asset Allocation Fund?

The Direct plan NAV is ₹50.9139. The Regular plan NAV is ₹43.3048, as on 29-10-2026.

What are the returns of Axis Multi Asset Allocation Fund?

The Direct plan returned +2.01% in 1 year, +13.55% a year over 3 years, +8.22% a year over 5 years. The Regular plan returned +0.93% in 1 year, +12.40% a year over 3 years, +6.95% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of Axis Multi Asset Allocation Fund?

The Direct plan charges 1.20% a year. The Regular plan charges 2.27% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Axis Multi Asset Allocation Fund?

Axis Multi Asset Allocation Fund managed ₹2,616.47 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Axis Multi Asset Allocation Fund?

At the end of September 2026 the largest holdings were GOLDAXIS (11.78%), ICICIBANK (5.57%), HDFCBANK (4.23%), SILVERAXIS (3.34%), BHARTIARTL (2.79%). The fund held 113 securities in all.

What did Axis Multi Asset Allocation Fund buy and sell in September 2026?

It bought 9 new stocks: Gland Pharma Limited, Dr. Reddy's Laboratories Limited, Cholamandalam Investment and Finance Company Ltd, Ashok Leyland Limited, Jindal Stainless Limited. It sold out of 3: Welspun Corp Limited, Tata Power Company Limited, TVS Motor Company Limited. It added shares in 18. It reduced 9.

How do I invest in Axis Multi Asset Allocation Fund?

Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of Axis Multi Asset Allocation Fund?

Ashish Naik, Devang Shah, Hardik Shah, Aditya Pagaria, Pratik Tibrewal, Krishnaa N, Akhil Thakker.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.