Axis Arbitrage Fund

Axis Mutual FundHybridPortfolio as of 30 June 2026

Axis Arbitrage Fund holds 334 instruments (69.48% equity), led by HDFC Bank Limited (3.87%), Reliance Industries Limited (3.13%) and ICICI Bank Limited (2.66%), as of its 30 June 2026 SEBI-mandated monthly disclosure.

Holdings
334
Equity Allocation
69.48%
AMC
Axis Mutual Fund
Category
Hybrid

This page shows the complete disclosed portfolio of Axis Arbitrage Fund, managed by Axis Mutual Fund, based on its monthly portfolio disclosure dated 30 June 2026. The fund holds 334 instruments with an equity allocation of 69.48%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

Axis Arbitrage Fund's top 10 holdings account for 22.27% of its portfolio, more diversified than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 22.07% of net assets, spread across 12 sectors in total. Since its 31 May 2026 disclosure, the fund added 12 new positions and exited 9 positions, with ICICI Bank Limited seeing the largest move (-1.44pp to 2.66%).

Top 10 Equity Holdings

What Changed: May 2026 → June 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

12 new entries9 exits10 increased10 reduced

Biggest Weight Increases

StockWeightChange
Bharat Electronics Limited1.56% → 2.47%▲ +0.91
Maruti Suzuki India Limited0.69% → 1.19%▲ +0.5
ETERNAL LIMITED1.61% → 2.06%▲ +0.45
Hindustan Unilever Limited0.07% → 0.5%▲ +0.43
Kalyan Jewellers India Limited0.08% → 0.49%▲ +0.41
Hindalco Industries Limited0.15% → 0.54%▲ +0.39
Mahindra & Mahindra Limited0.44% → 0.79%▲ +0.35
Shriram Finance Limited0.54% → 0.88%▲ +0.34
Indus Towers Limited0.45% → 0.77%▲ +0.32
Bajaj Finserv Limited0.26% → 0.54%▲ +0.28

Biggest Weight Reductions

StockWeightChange
ICICI Bank Limited4.1% → 2.66%▼ -1.44
Axis Bank Limited1.37% → 0.6%▼ -0.77
HDFC Bank Limited4.63% → 3.87%▼ -0.76
State Bank of India1.79% → 1.26%▼ -0.53
Sun Pharmaceutical Industries Limited0.71% → 0.27%▼ -0.44
Bharti Airtel Limited1.68% → 1.25%▼ -0.43
LIC Housing Finance Limited0.55% → 0.2%▼ -0.35
ITC Limited1.26% → 0.93%▼ -0.33
InterGlobe Aviation Limited0.43% → 0.12%▼ -0.31
Container Corporation of India Limited0.83% → 0.59%▼ -0.24

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Jan – Jun 2026).

Jan: 5.48%, Feb: 5.27%, Mar: 4.92%, Apr: 4.41%, May: 4.63%, Jun: 3.87%
3.87%
Jan: 3.26%, Feb: 2.42%, Mar: 2.16%, Apr: 2.91%, May: 2.87%, Jun: 3.13%
3.13%
Jan: 3.92%, Feb: 3.33%, Mar: 3.16%, Apr: 3.19%, May: 4.1%, Jun: 2.66%
2.66%
Jan: 1.3%, Feb: 1.14%, Mar: 1.28%, Apr: 1.56%, May: 1.56%, Jun: 2.47%
2.47%
Jan: 0.06%, Feb: 0.94%, Mar: 0.96%, Apr: 1.98%, May: 2.45%, Jun: 2.37%
2.37%

Full Portfolio (334 holdings)

#HoldingSector% to NAV
1Net Receivables / (Payables)other68.12%
2Axis Money Market Fund - Direct Plan - Growth Optionmf15.6%
3HDFC Bank LimitedFinancial Services3.87%
4Reliance Industries LimitedEnergy3.13%
5National Bank For Agriculture and Rural Developmentbond2.83%
6ICICI Bank LimitedFinancial Services2.66%
7Bharat Electronics LimitedIndustrials2.47%
8Bharat Heavy Electricals LimitedIndustrials2.37%
9Union Bank of India (MD )bond2.31%
10ETERNAL LIMITEDConsumer Discretionary2.06%
11Clearing Corporation of India Ltdother1.71%
12Adani Enterprises LimitedMaterials1.62%
13Cholamandalam Investment and Finance Company LimitedFinancial Services1.4%
14Kotak Mahindra Bank LimitedFinancial Services1.38%
15Mahindra & Mahindra Financial Services Limitedbond1.38%
16Small Industries Development Bank of Indiabond1.34%
17Vodafone Idea LimitedTelecommunication1.31%
18UltraTech Cement LimitedMaterials1.28%
19State Bank of IndiaFinancial Services1.26%
20Bharti Airtel LimitedTelecommunication1.25%
21TVS Motor Company LimitedConsumer Discretionary1.19%
22Maruti Suzuki India LimitedConsumer Discretionary1.19%
23Tata Steel LimitedMaterials1.04%
24Steel Authority of India LimitedMaterials1.01%
25Adani Energy Solutions LimitedUtilities0.98%
26Bajaj Finance LimitedFinancial Services0.96%
27Grasim Industries LimitedMaterials0.95%
28NMDC LimitedMaterials0.94%
29Jio Financial Services LimitedFinancial Services0.94%
30Glenmark Pharmaceuticals LimitedHealthcare0.94%
31Small Industries Development Bank Of Indiabond0.94%
32ITC LimitedConsumer Staples0.93%
33JSW Steel LimitedMaterials0.93%
34Canara BankFinancial Services0.93%
35CANARA BANK - CDbond0.93%
36SMALL INDUSTRIES DEVELOPMENT BANK OF INDIAbond0.92%
37Shriram Finance LimitedFinancial Services0.88%
38Coal India LimitedEnergy0.81%
39HDFC Life Insurance Company LimitedFinancial Services0.79%
40Mahindra & Mahindra LimitedConsumer Discretionary0.79%
41Indus Towers LimitedTelecommunication0.77%
42Punjab National BankFinancial Services0.7%
43BANK OF BARODA - CDbond0.7%
44Punjab National Bank^bond0.69%
45Manappuram Finance LimitedFinancial Services0.67%
46Biocon LimitedHealthcare0.66%
47Apollo Hospitals Enterprise LimitedHealthcare0.63%
48Bandhan Bank LimitedFinancial Services0.62%
49DLF LimitedReal Estate0.61%
50Axis Bank LimitedFinancial Services0.6%
51Container Corporation of India LimitedServices0.59%
52Yes Bank LimitedFinancial Services0.58%
53Eicher Motors LimitedConsumer Discretionary0.57%
54Info Edge (India) LimitedConsumer Discretionary0.57%
55Adani Power LimitedUtilities0.56%
56Bajaj Finserv LimitedFinancial Services0.54%
57Hindalco Industries LimitedMaterials0.54%
58NBCC (India) LimitedIndustrials0.51%
59Hindustan Unilever LimitedConsumer Staples0.5%
60Varun Beverages LimitedConsumer Staples0.5%
61Kalyan Jewellers India LimitedConsumer Discretionary0.49%
62NTPC LimitedUtilities0.46%
63HDFC Bank Limited 2027bond0.46%
64Kotak Mahindra Bank Ltd. (MD )bond0.46%
65Small Industries Development Bank of India (MD )bond0.46%
66HDFC Bank Limited^bond0.46%
67Canara Bankbond0.46%
68ICICI Securities Limitedbond0.46%
69Tata Power Company LimitedUtilities0.44%
70Divi's Laboratories LimitedHealthcare0.43%
71Marico LimitedConsumer Staples0.43%
72Laurus Labs LimitedHealthcare0.42%
73Delhivery LimitedServices0.41%
74Indian Energy Exchange LimitedFinancial Services0.35%
75Ambuja Cements LimitedMaterials0.34%
76Bank of IndiaFinancial Services0.34%
77Oil & Natural Gas Corporation LimitedEnergy0.34%
78Amber Enterprises India LimitedConsumer Discretionary0.34%
79Crompton Greaves Consumer Electricals LimitedConsumer Discretionary0.33%
80FSN E-Commerce Ventures LimitedConsumer Discretionary0.33%
81GMR AIRPORTS LIMITEDServices0.32%
82Adani Green Energy LimitedUtilities0.31%
83UNO Minda LimitedConsumer Discretionary0.31%
84Ashok Leyland LimitedIndustrials0.3%
85APL Apollo Tubes LimitedIndustrials0.3%
86Titan Company LimitedConsumer Discretionary0.3%
87Adani Ports and Special Economic Zone LimitedServices0.3%
88TATA CONSUMER PRODUCTS LIMITEDConsumer Staples0.3%
89Exide Industries LimitedConsumer Discretionary0.28%
90Sun Pharmaceutical Industries LimitedHealthcare0.27%
91HDFC Asset Management Company LimitedFinancial Services0.27%
92AU Small Finance Bank LimitedFinancial Services0.25%
93Cummins India LimitedIndustrials0.25%
94UPL LimitedMaterials0.23%
95Godrej Consumer Products LimitedConsumer Staples0.22%
96Godrej Properties LimitedReal Estate0.21%
97Bank of BarodaFinancial Services0.21%
98PNB Housing Finance LimitedFinancial Services0.21%
99LIC Housing Finance LimitedFinancial Services0.2%
100Cipla LimitedHealthcare0.2%
101One 97 Communications LimitedFinancial Services0.2%
102Aurobindo Pharma LimitedHealthcare0.2%
103Hitachi Energy India LimitedIndustrials0.2%
104Power Grid Corporation of India LimitedUtilities0.19%
105Havells India LimitedConsumer Discretionary0.19%
106The Federal Bank LimitedFinancial Services0.19%
107IndusInd Bank LimitedFinancial Services0.19%
108Hindustan Zinc LimitedMaterials0.19%
109The Phoenix Mills LimitedReal Estate0.19%
110Bosch LimitedConsumer Discretionary0.18%
111Pidilite Industries LimitedMaterials0.18%
112Hindustan Petroleum Corporation LimitedEnergy0.18%
113Hindustan Aeronautics LimitedIndustrials0.18%
114Prestige Estates Projects LimitedReal Estate0.16%
115Hero MotoCorp LimitedConsumer Discretionary0.15%
116Solar Industries India LimitedMaterials0.15%
117Dabur India LimitedConsumer Staples0.14%
118Inox Wind LimitedIndustrials0.14%
119National Bank for Agriculture and Rural Developmentbond0.14%
120The Indian Hotels Company LimitedConsumer Discretionary0.13%
121Fortis Healthcare LimitedHealthcare0.13%
122Max Financial Services LimitedFinancial Services0.13%
123InterGlobe Aviation LimitedServices0.12%
124BSE LimitedFinancial Services0.12%
125Zydus Lifesciences LimitedHealthcare0.12%
126Avenue Supermarts LimitedConsumer Discretionary0.11%
127ICICI Lombard General Insurance Company LimitedFinancial Services0.1%
128Hyundai Motor India LimitedConsumer Discretionary0.1%
129360 ONE WAM LIMITEDFinancial Services0.1%
130Indian Oil Corporation LimitedEnergy0.1%
131Supreme Industries LimitedIndustrials0.09%
132Union Bank of IndiaFinancial Services0.09%
133Swiggy LimitedConsumer Discretionary0.08%
134JINDAL STEEL LIMITEDMaterials0.07%
135Bharat Petroleum Corporation LimitedEnergy0.07%
136Polycab India LimitedIndustrials0.07%
137ICICI Prudential Life Insurance Company LimitedFinancial Services0.07%
138IDFC First Bank LimitedFinancial Services0.06%
139Petronet LNG LimitedUtilities0.06%
140SBI Life Insurance Company LimitedFinancial Services0.05%
141CG Power and Industrial Solutions LimitedIndustrials0.05%
142Nestle India LimitedConsumer Staples0.05%
143Asian Paints LimitedConsumer Discretionary0.04%
144United Spirits LimitedConsumer Staples0.04%
145Britannia Industries LimitedConsumer Staples0.04%
146Bajaj Holdings & Investment LimitedFinancial Services0.04%
147REC LimitedFinancial Services0.03%
148Waaree Energies LimitedIndustrials0.03%
149Sona BLW Precision Forgings LimitedConsumer Discretionary0.03%
150Larsen & Toubro LimitedIndustrials0.02%
151Kfin Technologies LimitedFinancial Services0.02%
152Dalmia Bharat LimitedMaterials0.02%
153Suzlon Energy LimitedIndustrials0.02%
154Multi Commodity Exchange of India LimitedFinancial Services0.02%
155Computer Age Management Services LimitedFinancial Services0.02%
156Tata Motors Passenger Vehicles LimitedConsumer Discretionary0.02%
157Torrent Pharmaceuticals LimitedHealthcare0.02%
158GAIL (India) LimitedUtilities0.02%
159Lodha Developers LimitedReal Estate0.02%
160National Aluminium Company LimitedMaterials0.01%
161Motilal Oswal Financial Services LimitedFinancial Services0.01%
162Aditya Birla Capital LimitedFinancial Services0.01%
163SRF LimitedMaterials0.01%
164RBL Bank LimitedFinancial Services0.01%
165Oil India LimitedEnergy0.01%
166JSW Energy LimitedUtilities0.01%
167NHPC LimitedUtilities0.01%
168Colgate Palmolive (India) LimitedConsumer Staples0.01%
169Tata Consultancy Services LimitedInformation Technology0%
170Nippon Life India Asset Management LimitedFinancial Services0%
1717.68% Indian Railway Finance Corporation Limitedbond0%
172Tube Investments of India LimitedConsumer Discretionary0%
173Radico Khaitan LimitedConsumer Staples0%
174Vishal Mega Mart LimitedConsumer Discretionary0%
175Max Healthcare Institute LimitedHealthcare0%
176Angel One LimitedFinancial Services0%
177Angel One Limited Futureother0%
178Max Healthcare Institute Limited Futureother0%
179Vishal Mega Mart Limited Futureother0%
180Radico Khaitan Limited Futureother0%
181Tube Investments of India Limited Futureother0%
182Nippon Life India Asset Management Limited Futureother0%
183Tata Consultancy Services Limited Futureother0%
184Colgate Palmolive (India) Limited Futureother-0.01%
185NHPC Limited Futureother-0.01%
186JSW Energy Limited Futureother-0.01%
187Oil India Limited Futureother-0.01%
188RBL Bank Limited Futureother-0.01%
189SRF Limited Futureother-0.01%
190Aditya Birla Capital Limited Futureother-0.01%
191Motilal Oswal Financial Services Limited Futureother-0.01%
192National Aluminium Company Limited Futureother-0.01%
193Lodha Developers Limited Futureother-0.02%
194GAIL (India) Limited Futureother-0.02%
195Torrent Pharmaceuticals Limited Futureother-0.02%
196Tata Motors Passenger Vehicles Limited Futureother-0.02%
197Computer Age Management Services Limited Futureother-0.02%
198Multi Commodity Exchange of India Limited Futureother-0.02%
199Suzlon Energy Limited Futureother-0.02%
200Dalmia Bharat Limited Futureother-0.02%
201KFin Technologies Limited Futureother-0.02%
202Larsen & Toubro Limited Futureother-0.02%
203Waaree Energies Limited Futureother-0.03%
204Sona BLW Precision Forgings Limited Futureother-0.03%
205REC Limited Futureother-0.03%
206Bajaj Holdings & Investment Limited Futureother-0.04%
207Britannia Industries Limited Futureother-0.04%
208United Spirits Limited Futureother-0.04%
209Asian Paints Limited Futureother-0.04%
210Nestle India Limited Futureother-0.05%
211CG Power and Industrial Solutions Limited Futureother-0.05%
212SBI Life Insurance Company Limited Futureother-0.05%
213Petronet LNG Limited Futureother-0.06%
214UPL Limited Futureother-0.06%
215IDFC First Bank Limited Futureother-0.06%
216Polycab India Limited Futureother-0.07%
217ICICI Prudential Life Insurance Company Limited Futureother-0.07%
218Bharat Petroleum Corporation Limited Futureother-0.07%
219Jindal Steel Limited Futureother-0.08%
220Swiggy Limited Futureother-0.08%
221Union Bank of India Futureother-0.09%
222Supreme Industries Limited Futureother-0.09%
223Indian Oil Corporation Limited Futureother-0.1%
224360 One WAM Limited Futureother-0.1%
225Hyundai Motor India Ltd Futureother-0.1%
226ICICI Lombard General Insurance Company Limited Futureother-0.1%
227Avenue Supermarts Limited Futureother-0.11%
228Zydus Lifesciences Limited Futureother-0.12%
229BSE Limited Futureother-0.12%
230InterGlobe Aviation Limited Futureother-0.12%
231Max Financial Services Limited Futureother-0.13%
232Fortis Healthcare Limited Futureother-0.13%
233The Indian Hotels Company Limited Futureother-0.14%
234Inox Wind Limited Futureother-0.14%
235Dabur India Limited Futureother-0.14%
236Solar Industries India Limited Futureother-0.15%
237Hero MotoCorp Limited Futureother-0.15%
238Prestige Estates Projects Limited Futureother-0.16%
239UPL Limited Futureother-0.17%
240Hindustan Aeronautics Limited Futureother-0.18%
241Hindustan Petroleum Corporation Limited Futureother-0.18%
242Pidilite Industries Limited Futureother-0.18%
243Bosch Limited Futureother-0.19%
244The Phoenix Mills Limited Futureother-0.19%
245Hindustan Zinc Limited Futureother-0.19%
246The Federal Bank Limited Futureother-0.19%
247IndusInd Bank Limited Futureother-0.19%
248Havells India Limited Futureother-0.19%
249Power Grid Corporation of India Limited Futureother-0.19%
250Hitachi Energy India Limited Futureother-0.2%
251Aurobindo Pharma Limited Futureother-0.2%
252One 97 Communications Limited Futureother-0.2%
253Cipla Limited Futureother-0.2%
254LIC Housing Finance Limited Futureother-0.21%
255PNB Housing Finance Limited Futureother-0.21%
256Bank of Baroda Futureother-0.21%
257Godrej Properties Limited Futureother-0.21%
258Godrej Consumer Products Limited Futureother-0.22%
259Cummins India Limited Futureother-0.25%
260AU Small Finance Bank Limited Futureother-0.25%
261HDFC Asset Management Company Limited Futureother-0.27%
262Sun Pharmaceutical Industries Limited Futureother-0.27%
263Exide Industries Limited Futureother-0.28%
264Tata Consumer Products Limited Futureother-0.3%
265Adani Ports and Special Economic Zone Limited Futureother-0.3%
266Titan Company Limited Futureother-0.3%
267APL Apollo Tubes Limited Futureother-0.31%
268Ashok Leyland Limited Futureother-0.31%
269UNO Minda Limited Futureother-0.31%
270Adani Green Energy Limited Futureother-0.31%
271GMR Airports Limited Futureother-0.32%
272FSN E-Commerce Ventures Limited Futureother-0.33%
273Crompton Greaves Consumer Electricals Limited Futureother-0.33%
274Amber Enterprises India Limited Futureother-0.34%
275Oil & Natural Gas Corporation Limited Futureother-0.34%
276Bank of India Futureother-0.34%
277Ambuja Cements Limited Futureother-0.35%
278Indian Energy Exchange Limited Futureother-0.35%
279Delhivery Limited Futureother-0.41%
280Laurus Labs Limited Futureother-0.42%
281Divi's Laboratories Limited Futureother-0.43%
282Marico Limited Futureother-0.43%
283Tata Power Company Limited Futureother-0.45%
284NTPC Limited Futureother-0.47%
285Kalyan Jewellers India Limited Futureother-0.5%
286Varun Beverages Limited Futureother-0.5%
287Hindustan Unilever Limited Futureother-0.51%
288NBCC (India) Limited Futureother-0.52%
289Hindalco Industries Limited Futureother-0.54%
290Bajaj Finserv Limited Futureother-0.54%
291Adani Power Limited Futureother-0.56%
292Info Edge (India) Limited Futureother-0.57%
293Eicher Motors Limited Futureother-0.58%
294Yes Bank Limited Futureother-0.59%
295Container Corporation of India Limited Futureother-0.59%
296Axis Bank Limited Futureother-0.61%
297DLF Limited Futureother-0.61%
298Bandhan Bank Limited Futureother-0.62%
299Apollo Hospitals Enterprise Limited Futureother-0.63%
300Biocon Limited Futureother-0.67%
301Manappuram Finance Limited Futureother-0.67%
302Punjab National Bank Futureother-0.71%
303Indus Towers Limited Futureother-0.78%
304Mahindra & Mahindra Limited Futureother-0.79%
305HDFC Life Insurance Company Limited Futureother-0.79%
306Coal India Limited Futureother-0.82%
307Shriram Finance Limited Futureother-0.88%
308JSW Steel Limited Futureother-0.93%
309Canara Bank Futureother-0.94%
310ITC Limited Futureother-0.94%
311Glenmark Pharmaceuticals Limited Futureother-0.94%
312Jio Financial Services Limited Futureother-0.94%
313NMDC Limited Futureother-0.95%
314Grasim Industries Limited Futureother-0.95%
315Bajaj Finance Limited Futureother-0.97%
316Adani Energy Solutions Limited Futureother-0.99%
317Steel Authority of India Limited Futureother-1.02%
318Tata Steel Limited Futureother-1.05%
319ICICI Bank Limited Futureother-1.06%
320Maruti Suzuki India Limited Futureother-1.19%
321TVS Motor Company Limited Futureother-1.2%
322Bharti Airtel Limited Futureother-1.25%
323State Bank of India Futureother-1.27%
324UltraTech Cement Limited Futureother-1.29%
325Vodafone Idea Limited Futureother-1.32%
326Kotak Mahindra Bank Limited Futureother-1.39%
327Cholamandalam Investment and Finance Company Ltd Futureother-1.41%
328ICICI Bank Limited Futureother-1.61%
329Adani Enterprises Limited Futureother-1.63%
330Eternal Limited Futureother-2.07%
331Bharat Heavy Electricals Limited Futureother-2.39%
332Bharat Electronics Limited Futureother-2.48%
333Reliance Industries Limited Futureother-3.15%
334HDFC Bank Limited Futureother-3.89%

Frequently Asked Questions

Yes. As of its 30 June 2026 disclosure, HDFC Bank Limited is 3.87% of Axis Arbitrage Fund's net assets — its number 1 holding.
Yes. As of its 30 June 2026 disclosure, Reliance Industries Limited is 3.13% of Axis Arbitrage Fund's net assets — its number 2 holding.
Yes. As of its 30 June 2026 disclosure, ICICI Bank Limited is 2.66% of Axis Arbitrage Fund's net assets — its number 3 holding.
Yes. As of its 30 June 2026 disclosure, Bharat Electronics Limited is 2.47% of Axis Arbitrage Fund's net assets — its number 4 holding.
Yes. As of its 30 June 2026 disclosure, Bharat Heavy Electricals Limited is 2.37% of Axis Arbitrage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Axis Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 June 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.