Axis Multi Asset Allocation Fund
The Scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments, Exchange Traded Commodity Derivatives / Units of Gold ETFs, Silver ETF & units of REITs/InvITs.
Growthvine rating: 3/5 — ranked #25 of 55 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹42.50 (as of 2026-10-23) |
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| AUM | ₹2,616 Cr |
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| Expense ratio | 1.57% |
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| Riskometer | Very High |
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| Fund manager | Aditya Pagaria |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 7.40% |
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| Sharpe ratio | 0.62 |
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| Standard deviation | 10.22% |
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| Max drawdown | −27.51% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 113.0% of NIFTY Multi Asset - Equity : Debt : Arbitrage : REITs/InvITs (50:20:20:10) Index's upside and 91.3% of its downside.
Market cap allocation
| Large cap | 63.3% |
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| Mid cap | 21.4% |
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| Small cap | 15.3% |
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Concentration
| Top 5 holdings | 17.7% |
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| Top 10 holdings | 26.0% |
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| Total holdings | 98 |
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Top holdings
- Axis Gold ETF — 11.8%
- ICICI Bank Ltd. — 5.6%
- Net Receivable / Payable — 4.8%
- HDFC Bank Ltd. — 4.2%
- Axis Silver ETF — 3.3%
- Clearing Corporation of India Ltd — 3.3%
- Bharti Airtel Ltd. — 2.8%
- AXIS Bank Ltd. — 2.6%
- Reliance Industries Ltd — 2.5%
- Larsen & Toubro Limited — 2.1%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −3.6% | Q3 | #25 of 44 |
| 2025 | 15.3% | Q3 | #21 of 34 |
| 2024 | 15.4% | Q3 | #14 of 23 |
| 2023 | 12.9% | Q4 (Bottom) | #17 of 17 |
| 2022 | −5.8% | Q4 (Bottom) | #14 of 14 |