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Small Cap · Axis Mutual Fund · AMFI code 125350Axis Small Cap Fund
Disclosed for 9 months, Jan 2026 to Oct 2026.
Portfolio value
₹29,231 Cr
down ₹1,446 Cr vs Sep 2026
- Stocks held
- 129
- up 2 vs Sep 2026
- Top 10 weight
- 18.4%
- of the portfolio in its ten largest
- Cash & debt
- 9.5%
- cash, money market and debt
- Moves this month
- 4 in · 2 out
- added to 10, trimmed 93
Holdings as of the end of October 2026, from Axis Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
Axis Small Cap Fund is an active equity fund in the Small Cap category from Axis Mutual Fund. In October 2026 it disclosed 129 stocks worth ₹29,231 Cr, down ₹1,446 Cr from Sep 2026. Its largest positions were Torrent Pharmaceuticals Limited (2.3%), Krishna Institute Of Medical Sciences Limited (2.3%), CCL Products (India) Limited (2.1%); the ten largest together made up 18.4% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 9.3% of its equity. Cash and debt stood at 9.5%. Compared with Sep 2026 the fund entered 4 new stocks and exited 2.
Against 35 other Small Cap funds
Concentration
3%
Top-10 weight is higher than 3% of peers
Breadth
94%
Holds more stocks than 94% of peers
Cash
89%
Holds more cash than 89% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 8.99% | down 0.20 pts | ₹2,628 Cr | down ₹192 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 2.34% | up 0.02 pts | ₹683 Cr | down ₹27.6 Cr | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 2.28% | down 0.18 pts | ₹666 Cr | down ₹89.7 Cr | Trimmed |
| CCL Products (India) Limited | 2.13% | down 0.11 pts | ₹622 Cr | down ₹63.9 Cr | Trimmed |
| Sai Life Sciences Limited | 1.97% | up 0.13 pts | ₹577 Cr | up ₹12.2 Cr | Added |
| City Union Bank Limited | 1.93% | down 0.01 pts | ₹563 Cr | down ₹31.1 Cr | Trimmed |
| Sansera Engineering Limited | 1.77% | down 0.09 pts | ₹518 Cr | down ₹53.7 Cr | Trimmed |
| Navin Fluorine International Limited | 1.55% | up 0.15 pts | ₹454 Cr | up ₹22.7 Cr | Added |
| Brigade Enterprises Limited | 1.48% | down 0.06 pts | ₹433 Cr | down ₹39.5 Cr | Trimmed |
| Karur Vysya Bank Limited | 1.48% | up 0.19 pts | ₹432 Cr | up ₹38 Cr | Added |
| PNB Housing Finance Limited | 1.45% | up 0.22 pts | ₹425 Cr | up ₹46.2 Cr | Added |
| Avalon Technologies Limited | 1.42% | down 0.10 pts | ₹414 Cr | down ₹49.7 Cr | Trimmed |
| Syrma SGS Technology Limited | 1.38% | down 0.06 pts | ₹404 Cr | down ₹39.2 Cr | Trimmed |
| Craftsman Automation Limited | 1.38% | up 0.05 pts | ₹403 Cr | down ₹5.7 Cr | Trimmed |
| Welspun Corp Limited | 1.37% | down 0.14 pts | ₹400 Cr | down ₹64.1 Cr | Trimmed |
| Gland Pharma Limited | 1.36% | up 0.15 pts | ₹399 Cr | up ₹25.3 Cr | Added |
| Blue Star Limited | 1.35% | up 0.15 pts | ₹395 Cr | up ₹26.7 Cr | Added |
| HDFC Bank Limited | 1.29% | up 0.03 pts | ₹378 Cr | down ₹8.7 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 1.28% | up 0.03 pts | ₹374 Cr | down ₹9.7 Cr | Trimmed |
| Minda Corporation Limited | 1.25% | down 0.05 pts | ₹365 Cr | down ₹34.8 Cr | Trimmed |
| Kalpataru Projects International Limited | 1.17% | up 0.02 pts | ₹341 Cr | down ₹10.9 Cr | Trimmed |
| The Phoenix Mills Limited | 1.13% | up 0.07 pts | ₹329 Cr | up ₹3.7 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.10% | down 0.06 pts | ₹321 Cr | down ₹35.3 Cr | Trimmed |
| Fine Organic Industries Limited | 1.09% | up 0.04 pts | ₹320 Cr | down ₹4.8 Cr | Trimmed |
| Kirloskar Oil Engines Limited | 1.06% | down 0.24 pts | ₹309 Cr | down ₹87.5 Cr | Trimmed |
| TBO Tek Limited | 1.05% | down 0.05 pts | ₹306 Cr | down ₹30.6 Cr | Trimmed |
| Vijaya Diagnostic Centre Limited | 1.02% | up 0.05 pts | ₹298 Cr | up ₹1.6 Cr | Added |
| Galaxy Surfactants Limited | 1.02% | down 0.05 pts | ₹297 Cr | down ₹30.5 Cr | Trimmed |
| Aditya Infotech Limited | 0.98% | up 0.04 pts | ₹287 Cr | down ₹2.6 Cr | Trimmed |
| Narayana Hrudayalaya Limited | 0.98% | up 0.01 pts | ₹286 Cr | down ₹11.8 Cr | Trimmed |
| SJS Enterprises Pvt Limited | 0.98% | down 0.04 pts | ₹286 Cr | down ₹25.1 Cr | Trimmed |
| Cyient Limited | 0.97% | up 0.07 pts | ₹284 Cr | up ₹8.6 Cr | Added |
| RBL Bank Limited | 0.94% | down 0.09 pts | ₹275 Cr | down ₹40.9 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 0.85% | down 0.10 pts | ₹249 Cr | down ₹44.1 Cr | Trimmed |
| Can Fin Homes Limited | 0.82% | up 0.04 pts | ₹240 Cr | up ₹13 L | Held |
| Coforge Limited | 0.79% | up 0.15 pts | ₹231 Cr | up ₹33.4 Cr | Added |
| Union Bank of India | 0.78% | up 0.10 pts | ₹229 Cr | up ₹18.5 Cr | Added |
| Radico Khaitan Limited | 0.78% | down 0.01 pts | ₹227 Cr | down ₹15.5 Cr | Trimmed |
| Rategain Travel Technologies Limited | 0.76% | down 0.01 pts | ₹221 Cr | down ₹14.5 Cr | Trimmed |
| Sagility Limited | 0.74% | up 0.03 pts | ₹217 Cr | down ₹2.6 Cr | Trimmed |
| Laurus Labs Limited | 0.74% | up 0.16 pts | ₹216 Cr | up ₹38.3 Cr | Added |
| Doms Industries Limited | 0.74% | down 0.07 pts | ₹215 Cr | down ₹33.4 Cr | Trimmed |
| Sudeep Pharma Limited | 0.73% | down 0.06 pts | ₹214 Cr | down ₹27.5 Cr | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 0.73% | down 0.05 pts | ₹213 Cr | down ₹26.6 Cr | Trimmed |
| Data Patterns (India) Limited | 0.72% | down 0.05 pts | ₹211 Cr | down ₹27.1 Cr | Trimmed |
| KFin Technologies Limited | 0.70% | up 0.04 pts | ₹205 Cr | up ₹2.6 Cr | Added |
| Ujjivan Small Finance Bank Limited | 0.70% | down 0.15 pts | ₹205 Cr | down ₹55.6 Cr | Trimmed |
| Delhivery Limited | 0.69% | up 0.26 pts | ₹202 Cr | up ₹70.5 Cr | Added |
| Gujarat Fluorochemicals Limited | 0.68% | up 0.01 pts | ₹199 Cr | down ₹7.4 Cr | Trimmed |
| Neogen Chemicals Ltd. | 0.68% | down 0.05 pts | ₹199 Cr | down ₹25.6 Cr | Trimmed |
What changed, Sep 2026 to Oct 2026
New New positions (4)
- Piramal Pharma Limited0.5% · ₹148 Cr
- Onemi Technology Solutions Limited0.4% · ₹106 Cr
- Bonfiglioli Transmissions Limited0.1% · ₹34.6 Cr
- Industries Limited<0.1% · ₹5.3 Cr
Exited Exited (2)
- Bharat Dynamics Limitedwas 0.2% · ₹55.6 Cr
- SBFC Finance Limitedwas 0.1% · ₹39.4 Cr
Added Biggest additions
- Ather Energy Limitedup ₹77.1 Cr (+0.27% pts)
- Delhivery Limitedup ₹70.5 Cr (+0.26% pts)
- PNB Housing Finance Limitedup ₹46.2 Cr (+0.22% pts)
- CESC Limitedup ₹45.6 Cr (+0.17% pts)
- Laurus Labs Limitedup ₹38.3 Cr (+0.16% pts)
- Karur Vysya Bank Limitedup ₹38 Cr (+0.19% pts)
- Coforge Limitedup ₹33.4 Cr (+0.15% pts)
- Shriram Pistons & Rings Limitedup ₹29.8 Cr (+0.11% pts)
- Blue Star Limitedup ₹26.7 Cr (+0.15% pts)
- Gland Pharma Limitedup ₹25.3 Cr (+0.15% pts)
Trimmed Biggest reductions
- Krishna Institute Of Medical Sciences Limiteddown ₹89.7 Cr (−0.18% pts)
- Kirloskar Oil Engines Limiteddown ₹87.5 Cr (−0.24% pts)
- Welspun Corp Limiteddown ₹64.1 Cr (−0.14% pts)
- CCL Products (India) Limiteddown ₹63.9 Cr (−0.11% pts)
- Tenneco Clean Air India Limiteddown ₹58.1 Cr (−0.18% pts)
- Ujjivan Small Finance Bank Limiteddown ₹55.6 Cr (−0.15% pts)
- Sansera Engineering Limiteddown ₹53.7 Cr (−0.09% pts)
- Avalon Technologies Limiteddown ₹49.7 Cr (−0.10% pts)
- Vesuvius India Limiteddown ₹44.1 Cr (−0.10% pts)
- R R Kabel Limiteddown ₹43.6 Cr (−0.11% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Sep 2026, the weight rose most in Pharmaceuticals & Biotechnology (+1.2 pts) and Finance (+0.3 pts), and fell most in Industrial Products (−1.0 pts) and Electrical Equipment (−0.3 pts).
- Pharmaceuticals & Biotechnology8.1% → 9.3%+1.2 pts
- Finance6.6% → 7.0%+0.3 pts
- IT - Software2.4% → 2.7%+0.3 pts
- Consumer Durables4.1% → 4.4%+0.3 pts
- Automobiles0.2% → 0.5%+0.3 pts
- Transport Services0.5% → 0.8%+0.3 pts
- Industrial Products9.1% → 8.1%−1.0 pts
- Electrical Equipment3.0% → 2.7%−0.3 pts
- Auto Components8.8% → 8.5%−0.3 pts
- Aerospace & Defense1.1% → 0.8%−0.3 pts
- Chemicals & Petrochemicals9.4% → 9.2%−0.2 pts
- Healthcare Services6.2% → 5.9%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 7.3% | 8.1% | 8.1% | 9.3% |
| Chemicals & Petrochemicals | 8.7% | 8.6% | 9.4% | 9.2% |
| Auto Components | 7.6% | 7.6% | 8.8% | 8.5% |
| Banks | 6.7% | 8.5% | 8.5% | 8.4% |
| Industrial Products | 6.8% | 8.3% | 9.1% | 8.1% |
| Finance | 7.0% | 7.2% | 6.6% | 7.0% |
| Healthcare Services | 6.2% | 6.6% | 6.2% | 5.9% |
| Consumer Durables | 5.0% | 5.0% | 4.1% | 4.4% |
| Industrial Manufacturing | 3.1% | 3.5% | 3.9% | 3.9% |
| Realty | 4.1% | 4.1% | 4.0% | 3.8% |
Allocation in Oct 2026change vs Sep 2026
- Pharmaceuticals & Biotechnology (8)9.3%▲ 1.2 pts
- Chemicals & Petrochemicals (12)9.2%▼ 0.2 pts
- Auto Components (12)8.5%▼ 0.3 pts
- Banks (7)8.4%▼ 0.1 pts
- Industrial Products (11)8.1%▼ 1.0 pts
- Finance (9)7.0%▲ 0.3 pts
- Healthcare Services (5)5.9%▼ 0.2 pts
- Consumer Durables (7)4.4%▲ 0.3 pts
- Industrial Manufacturing (6)3.9%
- Realty (4)3.8%▼ 0.2 pts
- Agricultural Food & Other Products (3)3.4%▼ 0.1 pts
- IT - Services (4)3.2%▲ 0.1 pts
- Capital Markets (4)3.1%
- IT - Software (4)2.7%▲ 0.3 pts
- Electrical Equipment (3)2.7%▼ 0.3 pts
- Leisure Services (4)2.4%▼ 0.1 pts
- Construction (4)2.3%
- Financial Technology (fintech) (2)1.4%▼ 0.1 pts
- Cement & Cement Products (2)0.9%▼ 0.1 pts
- Retailing (2)0.9%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Oct 2026
9.5%
▼ 0.2 pts vs Sep 2026
- Cash alone
- 9.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 5.3% – 10.2%
- lowest to highest · record 10.2% in Mar 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
All 9 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Oct 2026 | ₹29,231 Cr | 129 | 4 | 2 | 9.0% | 9.5% | 1% |
| Sep 2026 | ₹30,678 Cr | 127 | 1 | 2 | 9.2% | 9.7% | 1% |
| Aug 2026 | ₹31,448 Cr | 128 | 3 | 2 | 7.2% | 7.6% | 2% |
| Jul 2026 | ₹30,089 Cr | 127 | 2 | 4 | 7.0% | 7.5% | 3% |
| Jun 2026 | ₹29,394 Cr | 129 | 2 | 6 | 4.8% | 5.3% | 6% |
| May 2026 | ₹27,840 Cr | 133 | 3 | 7 | 8.0% | 9.1% | 4% |
| Mar 2026 | ₹23,919 Cr | 137 | 1 | 0 | 9.6% | 10.2% | — |
| Feb 2026 | ₹26,008 Cr | 136 | 0 | 3 | 7.1% | 8.9% | — |
| Jan 2026 | ₹25,517 Cr | 139 | 7.8% | 9.5% | — |