Axis Services Opportunities Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Axis Services Opportunities Fund is a Thematic fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹1,308 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −7.9% and its Regular plan returned −9.2%. Its benchmark, Nifty Services Sector TRI, returned −6.8% over the same year.

NAV (Direct plan): ₹9.46; ▲ 0.32%30-10-2026
NAV (Regular plan): ₹9.29; ▲ 0.22%30-10-2026
Expense ratio: 0.96%Direct2.22%Regular; 0.96%; A year
Riskometer: Very High; Set by the fund house
1 year return: −7.9%Direct−9.2%Regular; −7.9%; Total

Axis Services Opportunities Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹9.46 (up 0.32% that day); Regular Plan Growth ₹9.29 (up 0.22% that day).

This fund (Direct plan)

₹9.46

Axis Services Opportunities Fund Returns vs Nifty Services Sector TRI

Returns as on 30-10-2026. 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)	+1.18%	−5.87%	+2.27%	−7.89%	--	--	--
This fund (Regular)	+0.98%	−6.26%	+1.53%	−9.19%	--	--	--
Nifty Services Sector TRI	+6.49%	−0.77%	+3.00%	−6.81%	+9.49%	+5.81%	+12.20%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	15/235	133/232	82/232	156/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Axis Services Opportunities Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Services Sector TRI
2026to date	−5.02%	−6.16%	−7.27%

Axis Services Opportunities 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 1-year holding period, plotted on the day it ended. There are 62 periods, one for each trading day from 30-07-2026 to 30-10-2026.

−15%−10%−5%0%5%

Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026

Axis Services Opportunities Fund (Direct)Nifty Services Sector TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	62	−1.1%	−10.8%	4.1%	63%	−6.5%	89%

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 benchmark" counts the periods in which the fund did better than Nifty Services Sector TRI over the same days. Past returns do not promise future returns.

Axis Services Opportunities Fund Risk

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

Risk and return

Measure	Axis Services Opportunities Fund (Direct)This fund	Nifty Services Sector TRI
Return (CAGR)	−7.89%	−6.81%
Standard deviation	15.22%	14.70%
Sharpe ratio	-0.86	-0.82
Sortino ratio	-1.16	-1.13
Maximum drawdown	−18.0% (30-03-2026)	−16.7% (30-03-2026)
Beta	0.93	1.00
Alpha	−1.87%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. 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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Axis Services Opportunities Fund (Direct)This fund	Nifty Services Sector TRI
Return (CAGR)	−4.03%	−3.65%
Standard deviation	14.26%	13.74%
Sharpe ratio	-0.65	-0.65
Sortino ratio	-0.89	-0.90
Maximum drawdown	−18.4% (30-03-2026)	−16.7% (30-03-2026)
Beta	0.93	1.00
Alpha	−0.97%	0.00%

From daily NAVs, 30-07-2025 to 30-10-2026. 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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−20%−15%−10%−5%0%

2026

Axis Services Opportunities Fund (Direct)Nifty Services Sector TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Axis Services Opportunities Fund (Direct)	−18.4%	27-10-2025	30-03-2026	Not yet	--	−8.3%
Nifty Services Sector TRI	−16.7%	27-11-2025	30-03-2026	Not yet	--	−8.5%

From the Direct plan's daily NAV since 30-07-2025, adjusted for unit splits, and Nifty Services Sector TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Axis Services Opportunities Fund vs Other Thematic Funds

The five Thematic 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
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Axis Services Opportunities Fund	156/215	1,308	0.96%	−7.89%	--	--	--	--	--

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 Services Opportunities 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	Thematic median	Cost rank (1 = cheapest)
Direct	0.77%	0.02%	0.00%	0.17%	0.96%	1.18%	46/235
Regular	1.85%	0.02%	0.00%	0.35%	2.22%	2.41%	74/235

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 Thematic 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	−9.19%	−7.89%	1.30%	₹90,810	₹92,110

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 Services Opportunities 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 30-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planAxis Services Opportunities Fund (Direct)	₹1,60,000	₹1,56,159	−₹3,841	−3.4%
Regular planAxis Services Opportunities Fund (Regular)	₹1,60,000	₹1,54,581	−₹5,419	−4.8%
Nifty Services Sector TRI	₹1,60,000	₹1,57,988	−₹2,012	−1.8%
Category averageCategory average, 235 Thematic funds	₹1,60,000	₹1,60,453	₹453	0.4%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planAxis Services Opportunities Fund (Direct)Regular planAxis Services Opportunities Fund (Regular)Nifty Services Sector TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI 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 Services Opportunities Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

99.6%Equity

Asset	Fund	Category
Equity	99.6%	94.5%
Cash and others	0.4%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	55.0%	45.7%
Mid Cap	26.6%	19.6%
Small Cap	16.7%	24.1%
Not on AMFI's list	1.3%	2.3%

Share of the whole fund. Category: the average of the Thematic 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.

Axis Services Opportunities Fund Sector Allocation

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

Largest sectors

Healthcare Services17.5%
Banks16.5%
Retailing16.5%
Finance11.0%
Leisure Services8.4%
Capital Markets7.0%
Financial Technology (Fintech)5.3%
Telecom - Services4.7%
Insurance4.3%
Transport Services4.2%

The ten largest of 13 sectors. The other 3 add up to 4.0%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Healthcare Services	17.8%	16.9%	17.5%	−0.3%
Banks	17.4%	16.5%	16.5%	−0.9%
Retailing	13.1%	13.7%	16.5%	+3.4%
Finance	11.8%	12.0%	11.0%	−0.8%
Leisure Services	7.0%	8.0%	8.4%	+1.5%

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 Services Opportunities Fund Portfolio Holdings

As on 30-09-2026 · 37 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Eternal Limited	Retailing	9.28%	0.0%
ICICI Bank Limited	Banks	9.01%	0.0%
Bajaj Finance Limited	Finance	5.09%	0.0%
Apollo Hospitals Enterprise Limited	Healthcare Services	5.03%	0.0%
Bharti Airtel Limited	Telecom - Services	4.70%	0.0%
HDFC Bank Limited	Banks	4.46%	−14.9%
The Indian Hotels Company Limited	Leisure Services	4.43%	−6.3%
Fortis Healthcare Limited	Healthcare Services	4.41%	0.0%
InterGlobe Aviation Limited	Transport Services	4.22%	0.0%
Cholamandalam Investment and Finance Company Ltd	Finance	3.94%	0.0%
Krishna Institute Of Medical Sciences Limited	Healthcare Services	3.32%	0.0%
PB Fintech Limited	Financial Technology (Fintech)	3.26%	0.0%
The Federal Bank Limited	Banks	3.07%	−4.5%
HDFC Asset Management Company Limited	Capital Markets	3.03%	0.0%
BSE Limited	Capital Markets	2.75%	−26.7%
Go Digit General Insurance Limited	Insurance	2.49%	0.0%
Chalet Hotels Limited	Leisure Services	2.36%	0.0%
FSN E-Commerce Ventures Limited	Retailing	2.22%	0.0%
One 97 Communications Limited	Financial Technology (Fintech)	2.06%	0.0%
L&T Finance Limited	Finance	1.97%	−32.4%
Infosys Limited	IT - Software	1.97%	0.0%
Max Healthcare Institute Limited	Healthcare Services	1.88%	0.0%
TBO Tek Limited	Leisure Services	1.66%	0.0%
Avenue Supermarts Limited	Retailing	1.53%	0.0%
Rainbow Childrens Medicare Limited	Healthcare Services	1.43%	0.0%
SS Retail Limited	Retailing	1.34%	New
Central Depository Services (India) Limited	Capital Markets	1.27%	0.0%
Meesho Ltd	Retailing	1.20%	0.0%
ICICI Lombard General Insurance Company Limited	Insurance	1.14%	0.0%
Global Health Limited	Healthcare Services	1.00%	0.0%
Firstsource Solutions Limited	Commercial Services & Supplies	0.93%	0.0%
Capillary Technologies India Limited	IT - Software	0.74%	0.0%
Vishal Mega Mart Limited	Retailing	0.73%	0.0%
Niva Bupa Health Insurance Company Limited	Insurance	0.70%	0.0%
Healthcare Global Enterprises Limited	Healthcare Services	0.43%	0.0%
Wakefit Innovations Limited	Consumer Durables	0.36%	0.0%
Info Edge (India) Limited	Retailing	0.19%	0.0%

Axis Services Opportunities Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HDFC Bank Limited	Reduced	−14.9%	4.46%
The Indian Hotels Company Limited	Reduced	−6.3%	4.43%
BSE Limited	Reduced	−26.7%	2.75%
The Federal Bank Limited	Reduced	−4.5%	3.07%
L&T Finance Limited	Reduced	−32.4%	1.97%
SS Retail Limited	New	New	1.34%

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 Services Opportunities Fund bought and sold

Axis Services Opportunities Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Axis Focused FundFocused · Axis	44.6%	11	Compare
Axis Large Cap FundLarge Cap · Axis	39.1%	12	Compare
Motilal Oswal Nifty Services Sector ETFETF · Motilal Oswal	38.4%	12	Compare
Invesco India Large cap FundLarge Cap · Invesco	37.6%	14	Compare
Canara Robeco Focused FundFocused · Canara Robeco	37.5%	13	Compare
Invesco India ESG Integration Strategy FundThematic · Invesco	37.4%	11	Compare
Axis Flexi Cap FundFlexi Cap · Axis	37.3%	17	Compare
Nippon India Quant FundThematic · Nippon India	37.0%	12	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 Services Opportunities Fund Overview

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

Expense ratio (Direct): 0.96%
Expense ratio (Regular): 2.22%
Category: Thematic
Risk: Very High
Benchmark: Nifty Services Sector TRI
Launch date: 24-07-2025
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹1,308.23 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153624
ISIN (Direct): INF846KA1168
Scheme code (Regular): 153621
ISIN (Regular): INF846KA1135
NAV history: From 30-07-2025, 1.3 years

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 Services Opportunities Fund returns

Axis Services Opportunities Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
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	₹9.46	30-10-2026
direct	IDCW	₹9.46	30-10-2026
regular	Growth	₹9.29	30-10-2026
regular	IDCW	₹9.29	30-10-2026

About Axis Services Opportunities Fund

Axis Services Opportunities Fund is a mutual fund from Axis Mutual Fund. Its category is Thematic. It was launched on 24-07-2025. Its benchmark is Nifty Services Sector TRI. At the end of September 2026 it held 37 securities.

Fund Manager

Sachin Relekar
Fund manager of Axis Services Opportunities Fund, since 24-07-2025
Krishnaa Narayan
Fund manager of Axis Services Opportunities Fund, since 24-07-2025

See all funds of Axis Mutual Fund

AUM change

September 2026: ₹1,308.23 Cr; −12.05% from August 2026
August 2026: ₹1,487.49 Cr; −7.20% from July 2026
July 2026: ₹1,602.88 Cr; −1.36% from June 2026

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

Compare Axis Services Opportunities Fund with Other Funds

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

Axis Services Opportunities vs Nippon India Taiwan EquityThematic
Axis Services Opportunities vs HDFC DefenceThematic
Axis Services Opportunities vs HDFC Pharma and HealthcareThematic
Axis Services Opportunities vs SBI Healthcare OpportunitiesThematic
Axis Services Opportunities vs Aditya Birla Sun Life International EquityThematic
Axis Services Opportunities vs Axis Focused44.6% overlap
Axis Services Opportunities vs Axis Large Cap39.1% overlap
Axis Services Opportunities vs Motilal Oswal Nifty Services Sector ETF38.4% overlap

Compare with any other fund

Frequently Asked Questions for Axis Services Opportunities Fund

What is the current NAV of Axis Services Opportunities Fund?

The Direct plan NAV is ₹9.46. The Regular plan NAV is ₹9.29, as on 30-10-2026.

What are the returns of Axis Services Opportunities Fund?

The Direct plan returned −7.89% in 1 year. The Regular plan returned −9.19% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Axis Services Opportunities Fund?

The Direct plan charges 0.96% a year. The Regular plan charges 2.22% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Axis Services Opportunities Fund?

Axis Services Opportunities Fund managed ₹1,308.23 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Axis Services Opportunities Fund?

At the end of September 2026 the largest holdings were ETERNAL (9.28%), ICICIBANK (9.01%), BAJFINANCE (5.09%), APOLLOHOSP (5.03%), BHARTIARTL (4.70%). The fund held 37 securities in all.

What did Axis Services Opportunities Fund buy and sell in September 2026?

It bought 1 new stock: SS Retail Limited. It reduced 5.

How do I invest in Axis Services Opportunities 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 Services Opportunities Fund?

Sachin Relekar (since 24-07-2025), Krishnaa Narayan (since 24-07-2025).

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.