Axis Small Cap Fund

Axis Mutual FundEquityPortfolio as of 30 September 2026

Axis Small Cap Fund holds 130 instruments (90.32% equity), led by Krishna Institute of Medical Sciences Limited (2.46%), Torrent Pharmaceuticals Limited (2.32%) and CCL Products (India) Limited (2.24%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

130

Equity Allocation

90.32%

AMC

Axis Mutual Fund

Portfolio Analysis

Axis Small Cap Fund's top 10 holdings account for 18.67% of its portfolio, more diversified than the Equity category average of 37%. Financial Services is its largest sector exposure at 18.41% of net assets, spread across 11 sectors in total. Since its 31 August 2026 disclosure, the fund added 1 new position and exited 2 positions, with PB Fintech Limited seeing the largest move (-0.44pp to 0.62%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services

18.41%

Industrials

17.65%

Consumer Discretionary

15.56%

Healthcare

13.19%

Other

9.68%

Materials

9.37%

Consumer Staples

5.49%

Information Technology

5.01%

Real Estate

3.71%

Energy

1.08%

Services

0.43%

Utilities

0.42%

Top 10 Equity Holdings

Krishna Institute of Medical Sciences Limited · 2.46%Torrent Pharmaceuticals Limited · 2.32%CCL Products (India) Limited · 2.24%City Union Bank Limited · 1.94%Sansera Engineering Limited · 1.86%Sai Life Sciences Limited · 1.84%Brigade Enterprises Limited · 1.54%Welspun Corp Limited · 1.51%Avalon Technologies Limited · 1.51%Syrma SGS Technology Limited · 1.45%

What Changed: August 2026 → September 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.

1 new entry2 exits8 increased7 reduced

New Entries

SEDEMAC Mechatronics Limited · 0.12%

Complete Exits

Jyoti CNC Automation Limited · was 0.34%Jain Resource Recycling Limited · was 0.04%

Biggest Weight Increases

Stock	Weight	Change
Gland Pharma Limited	0.87% → 1.22%	▲ +0.35
Syrma SGS Technology Limited	1.14% → 1.45%	▲ +0.31
Aditya Infotech Limited	0.71% → 0.94%	▲ +0.23
Welspun Corp Limited	1.3% → 1.51%	▲ +0.21
Sansera Engineering Limited	1.66% → 1.86%	▲ +0.2
Neogen Chemicals Limited	0.57% → 0.73%	▲ +0.16
Kirloskar Oil Engines Limited	1.15% → 1.29%	▲ +0.14
Carborundum Universal Limited	0.64% → 0.74%	▲ +0.1

Biggest Weight Reductions

Stock	Weight	Change
PB Fintech Limited	1.06% → 0.62%	▼ -0.44
Brigade Enterprises Limited	1.71% → 1.54%	▼ -0.17
Bharat Dynamics Limited	0.35% → 0.18%	▼ -0.17
Laurus Labs Limited	0.7% → 0.58%	▼ -0.12
Aptus Value Housing Finance India Limited	0.44% → 0.33%	▼ -0.11
R R Kabel Limited	0.88% → 0.77%	▼ -0.11
Happy Forgings Limited	0.79% → 0.69%	▼ -0.1

Top Holdings — Weight Trend

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

Krishna Institute of Medical Sciences Limited

2.46%

Torrent Pharmaceuticals Limited

2.32%

CCL Products (India) Limited

2.24%

City Union Bank Limited

1.94%

Sansera Engineering Limited

1.86%

Full Portfolio (130 holdings)

#	Holding	Sector	% to NAV
1	Clearing Corporation of India Ltdother	—	8.69%
2	Krishna Institute of Medical Sciences Limited	Healthcare	2.46%
3	Torrent Pharmaceuticals Limited	Healthcare	2.32%
4	CCL Products (India) Limited	Consumer Staples	2.24%
5	City Union Bank Limited	Financial Services	1.94%
6	Sansera Engineering Limited	Consumer Discretionary	1.86%
7	Sai Life Sciences Limited	Healthcare	1.84%
8	Brigade Enterprises Limited	Real Estate	1.54%
9	Welspun Corp Limited	Industrials	1.51%
10	Avalon Technologies Limited	Industrials	1.51%
11	Syrma SGS Technology Limited	Industrials	1.45%
12	Navin Fluorine International Limited	Materials	1.4%
13	Craftsman Automation Limited	Consumer Discretionary	1.33%
14	Minda Corporation Limited	Consumer Discretionary	1.3%
15	Kirloskar Oil Engines Limited	Industrials	1.29%
16	Karur Vysya Bank Limited	Financial Services	1.28%
17	HDFC Bank Limited	Financial Services	1.26%
18	Cholamandalam Financial Holdings Limited	Financial Services	1.25%
19	PNB Housing Finance Limited	Financial Services	1.24%
20	Gland Pharma Limited	Healthcare	1.22%
21	Blue Star Limited	Consumer Discretionary	1.2%
22	Multi Commodity Exchange of India Limited	Financial Services	1.16%
23	Kalpataru Projects International Limited	Industrials	1.15%
24	TBO Tek Limited	Consumer Discretionary	1.1%
25	Galaxy Surfactants Limited	Materials	1.07%
26	The Phoenix Mills Limited	Real Estate	1.06%
27	Fine Organic Industries Limited	Materials	1.06%
28	RBL Bank Limited	Financial Services	1.03%
29	S.J.S. Enterprises Limited	Consumer Discretionary	1.01%
30	Narayana Hrudayalaya Ltd.	Healthcare	0.97%
31	Vijaya Diagnostic Centre Limited	Healthcare	0.97%
32	Vesuvius India Limited	Industrials	0.95%
33	Aditya Infotech Limited	Industrials	0.94%
34	Cyient Limited	Information Technology	0.9%
35	Ujjivan Small Finance Bank Limited	Financial Services	0.85%
36	DOMS Industries Limited	Consumer Staples	0.81%
37	Radico Khaitan Limited	Consumer Staples	0.79%
38	Sudeep Pharma Limited	Materials	0.79%
39	Can Fin Homes Limited	Financial Services	0.78%
40	Piramal Finance Limited	Financial Services	0.78%
41	Data Patterns (India) Limited	Industrials	0.78%
42	R R Kabel Limited	Industrials	0.77%
43	Rategain Travel Technologies Limited	Information Technology	0.77%
44	Sudarshan Chemical Industries Limited	Materials	0.76%
45	Carborundum Universal Limited	Industrials	0.74%
46	Neogen Chemicals Limited	Materials	0.73%
47	SAGILITY LIMITED	Information Technology	0.72%
48	Healthcare Global Enterprises Limited	Healthcare	0.71%
49	CREDITACCESS GRAMEEN LIMITED	Financial Services	0.71%
50	Kaynes Technology India Limited	Industrials	0.69%
51	Happy Forgings Limited	Industrials	0.69%
52	JK Lakshmi Cement Limited	Materials	0.69%
53	Union Bank of India	Financial Services	0.69%
54	Mrs. Bectors Food Specialities Limited	Consumer Staples	0.68%
55	Pine Labs Limited	Financial Services	0.68%
56	Gujarat Fluorochemicals Limited	Materials	0.67%
57	Azad Engineering Limited	Industrials	0.66%
58	Jubilant Ingrevia Limited	Materials	0.66%
59	Kfin Technologies Limited	Financial Services	0.66%
60	Coforge Limited	Information Technology	0.64%
61	Balrampur Chini Mills Limited	Consumer Staples	0.63%
62	Affle 3i Limited	Information Technology	0.63%
63	Timken India Limited	Industrials	0.63%
64	Niva Bupa Health Insurance Company Limited	Financial Services	0.63%
65	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.63%
66	Reliance Industries Limited	Energy	0.62%
67	PB Fintech Limited	Financial Services	0.62%
68	Equitas Small Finance Bank Limited	Financial Services	0.6%
69	PG Electroplast Limited	Consumer Discretionary	0.6%
70	Inventurus Knowledge Solutions Limited	Information Technology	0.59%
71	Grindwell Norton Limited	Industrials	0.58%
72	Laurus Labs Limited	Healthcare	0.58%
73	Computer Age Management Services Limited	Financial Services	0.58%
74	Apar Industries Limited	Industrials	0.58%
75	Ahluwalia Contracts (India) Limited	Industrials	0.57%
76	Emcure Pharmaceuticals Limited	Healthcare	0.55%
77	RHI MAGNESITA INDIA LIMITED	Industrials	0.55%
78	Rolex Rings Limited	Consumer Discretionary	0.54%
79	Amber Enterprises India Limited	Consumer Discretionary	0.54%
80	Anant Raj Limited	Real Estate	0.52%
81	Chalet Hotels Limited	Consumer Discretionary	0.51%
82	Mahindra Lifespace Developers Limited	Real Estate	0.5%
83	India Shelter Finance Corporation Limited	Financial Services	0.5%
84	Net Receivables / (Payables)other	—	0.5%
85	364 Days Treasury Billstbill	—	0.49%
86	Devyani International Limited	Consumer Discretionary	0.48%
87	Time Technoplast Limited	Industrials	0.47%
88	Aditya Vision Limited	Consumer Discretionary	0.47%
89	Tech Mahindra Limited	Information Technology	0.46%
90	Coal India Limited	Energy	0.46%
91	Gokaldas Exports Limited	Consumer Discretionary	0.46%
92	Rainbow Childrens Medicare Limited	Healthcare	0.46%
93	Onesource Specialty Pharma Limited	Healthcare	0.45%
94	CIE Automotive India Limited	Consumer Discretionary	0.44%
95	Central Depository Services (India) Limited	Financial Services	0.43%
96	Delhivery Limited	Services	0.43%
97	Deepak Fertilizers and Petrochemicals Corporation Limited	Materials	0.42%
98	Tenneco Clean Air India Limited	Consumer Discretionary	0.4%
99	Alembic Pharmaceuticals Limited	Healthcare	0.39%
100	Arvind Fashions Limited	Consumer Discretionary	0.37%
101	Chemplast Sanmar Limited	Materials	0.35%
102	Orient Electric Limited	Consumer Discretionary	0.35%
103	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.34%
104	Aptus Value Housing Finance India Limited	Financial Services	0.33%
105	Aarti Industries Limited	Materials	0.31%
106	DHOOT TRANSMISSION LTD	Consumer Discretionary	0.31%
107	BIRLASOFT LIMITED	Information Technology	0.3%
108	Alicon Castalloy Limited	Consumer Discretionary	0.29%
109	Aadhar Housing Finance Limited	Financial Services	0.28%
110	Ellenbarrie Industrial Gases Limited	Materials	0.27%
111	Strides Pharma Science Limited	Healthcare	0.27%
112	CESC Limited	Utilities	0.26%
113	TITAGARH RAIL SYSTEMS LIMITED	Industrials	0.25%
114	Suprajit Engineering Limited	Consumer Discretionary	0.22%
115	Havells India Limited	Consumer Discretionary	0.21%
116	Engineers India Limited	Industrials	0.21%
117	Ather Energy Limited	Consumer Discretionary	0.2%
118	HeidelbergCement India Limited	Materials	0.19%
119	Firstsource Solutions Limited	Industrials	0.18%
120	Bharat Dynamics Limited	Industrials	0.18%
121	Travel Food Services Limited	Consumer Discretionary	0.18%
122	Midwest Limited	Consumer Discretionary	0.17%
123	PNC Infratech Limited	Industrials	0.17%
124	PDS Limited	Consumer Discretionary	0.16%
125	Power Grid Corporation of India Limited	Utilities	0.16%
126	INDO-MIM LTD	Industrials	0.15%
127	SBFC Finance Limited	Financial Services	0.13%
128	SEDEMAC Mechatronics Limited	Consumer Discretionary	0.12%
129	Shriram Pistons & Rings Limited	Consumer Discretionary	0.11%
130	Aditya Birla Real Estate Limited	Real Estate	0.09%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, Krishna Institute of Medical Sciences Limited is 2.46% of Axis Small Cap Fund's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, Torrent Pharmaceuticals Limited is 2.32% of Axis Small Cap Fund's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, CCL Products (India) Limited is 2.24% of Axis Small Cap Fund's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, City Union Bank Limited is 1.94% of Axis Small Cap Fund's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, Sansera Engineering Limited is 1.86% of Axis Small Cap 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 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.