Axis Value Fund

Axis Mutual FundEquityPortfolio as of 30 June 2026

Axis Value Fund holds 89 instruments (97.29% equity), led by HDFC Bank Limited (6.06%), ICICI Bank Limited (5.47%) and Reliance Industries Limited (3.87%), as of its 30 June 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

97.29%

AMC

Axis Mutual Fund

Portfolio Analysis

Axis Value Fund's top 10 holdings account for 33.09% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 35.52% of net assets, spread across 13 sectors in total. Since its 31 May 2026 disclosure, the fund added 1 new position and exited 5 positions, with HDFC Bank Limited seeing the largest move (+1.88pp to 6.06%).

Top 10 Equity Holdings

HDFC Bank Limited · 6.06%ICICI Bank Limited · 5.47%Reliance Industries Limited · 3.87%Shriram Finance Limited · 3.03%Bharti Airtel Limited · 2.8%NTPC Limited · 2.68%State Bank of India · 2.59%Larsen & Toubro Limited · 2.48%Bharat Heavy Electricals Limited · 2.15%Minda Corporation Limited · 1.96%

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.

1 new entry5 exits10 increased10 reduced

New Entries

InterGlobe Aviation Limited · 0.5%

Complete Exits

Vedanta Limited · was 0.5%Brigade Enterprises Limited · was 0.23%Vedanta Iron and Steel Limited · was 0.17%Vedanta Power Limited · was 0.17%Vedanta Oil and Gas Limited · was 0.17%

Biggest Weight Increases

Stock	Weight	Change
HDFC Bank Limited	4.18% → 6.06%	▲ +1.88
Bajaj Finance Limited	0.49% → 1.22%	▲ +0.73
Vedanta Aluminium Metal Limited	0.17% → 0.79%	▲ +0.62
Axis Bank Limited	1.08% → 1.67%	▲ +0.59
ETERNAL LIMITED	0.96% → 1.47%	▲ +0.51
ICICI Bank Limited	5.07% → 5.47%	▲ +0.4
Shriram Finance Limited	2.7% → 3.03%	▲ +0.33
TD Power Systems Limited	0.25% → 0.47%	▲ +0.22
Ather Energy Limited	0.62% → 0.81%	▲ +0.19
TVS Motor Company Limited	0.51% → 0.7%	▲ +0.19

Biggest Weight Reductions

Stock	Weight	Change
Infosys Limited	2.34% → 1.91%	▼ -0.43
GE Vernova T&D India Limited	1.29% → 0.89%	▼ -0.4
NTPC Limited	3.05% → 2.68%	▼ -0.37
Tech Mahindra Limited	1.66% → 1.32%	▼ -0.34
Tata Consultancy Services Limited	0.74% → 0.46%	▼ -0.28
ITC Limited	0.44% → 0.23%	▼ -0.21
Hindalco Industries Limited	0.52% → 0.33%	▼ -0.19
The Phoenix Mills Limited	0.77% → 0.59%	▼ -0.18
Apar Industries Limited	1.64% → 1.46%	▼ -0.18
Indus Towers Limited	1.02% → 0.86%	▼ -0.16

Top Holdings — Weight Trend

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

HDFC Bank Limited

6.06%

ICICI Bank Limited

5.47%

Reliance Industries Limited

3.87%

Shriram Finance Limited

3.03%

Bharti Airtel Limited

2.8%

Full Portfolio (89 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	6.06%
2	ICICI Bank Limited	Financial Services	5.47%
3	Reliance Industries Limited	Energy	3.87%
4	Shriram Finance Limited	Financial Services	3.03%
5	Clearing Corporation of India Ltdother	—	2.86%
6	Bharti Airtel Limited	Telecommunication	2.8%
7	NTPC Limited	Utilities	2.68%
8	State Bank of India	Financial Services	2.59%
9	Larsen & Toubro Limited	Industrials	2.48%
10	Bharat Heavy Electricals Limited	Industrials	2.15%
11	Minda Corporation Limited	Consumer Discretionary	1.96%
12	Infosys Limited	Information Technology	1.91%
13	Sun Pharmaceutical Industries Limited	Healthcare	1.9%
14	Mahindra & Mahindra Limited	Consumer Discretionary	1.9%
15	Sona BLW Precision Forgings Limited	Consumer Discretionary	1.89%
16	Apollo Hospitals Enterprise Limited	Healthcare	1.81%
17	Axis Bank Limited	Financial Services	1.67%
18	Welspun Corp Limited	Industrials	1.57%
19	Bharat Electronics Limited	Industrials	1.48%
20	ETERNAL LIMITED	Consumer Discretionary	1.47%
21	Apar Industries Limited	Industrials	1.46%
22	Premier Energies Limited	Industrials	1.46%
23	Varun Beverages Limited	Consumer Staples	1.45%
24	PNB Housing Finance Limited	Financial Services	1.44%
25	Tech Mahindra Limited	Information Technology	1.32%
26	Multi Commodity Exchange of India Limited	Financial Services	1.26%
27	RBL Bank Limited	Financial Services	1.26%
28	Kotak Mahindra Bank Limited	Financial Services	1.23%
29	Bajaj Finance Limited	Financial Services	1.22%
30	Fortis Healthcare Limited	Healthcare	1.2%
31	IndusInd Bank Limited	Financial Services	1.16%
32	The Federal Bank Limited	Financial Services	1.12%
33	Samvardhana Motherson International Limited	Consumer Discretionary	1.1%
34	City Union Bank Limited	Financial Services	1.03%
35	UltraTech Cement Limited	Materials	1.02%
36	Torrent Pharmaceuticals Limited	Healthcare	1%
37	Karur Vysya Bank Limited	Financial Services	0.95%
38	Bharat Petroleum Corporation Limited	Energy	0.94%
39	PB Fintech Limited	Financial Services	0.9%
40	JB Chemicals & Pharmaceuticals Limited	Healthcare	0.9%
41	GE Vernova T&D India Limited	Industrials	0.89%
42	Vijaya Diagnostic Centre Limited	Healthcare	0.88%
43	United Spirits Limited	Consumer Staples	0.88%
44	Indus Towers Limited	Telecommunication	0.86%
45	Hindustan Aeronautics Limited	Industrials	0.85%
46	Cholamandalam Investment and Finance Company Limited	Financial Services	0.85%
47	HDFC Life Insurance Company Limited	Financial Services	0.81%
48	Ather Energy Limited	Consumer Discretionary	0.81%
49	Radico Khaitan Limited	Consumer Staples	0.8%
50	Amber Enterprises India Limited	Consumer Discretionary	0.79%
51	Vedanta Aluminium Metal Limited	Diversified	0.79%
52	Craftsman Automation Limited	Consumer Discretionary	0.79%
53	Marico Limited	Consumer Staples	0.78%
54	Sansera Engineering Limited	Consumer Discretionary	0.78%
55	JINDAL STEEL LIMITED	Materials	0.75%
56	Hyundai Motor India Limited	Consumer Discretionary	0.75%
57	SBI Life Insurance Company Limited	Financial Services	0.71%
58	TVS Motor Company Limited	Consumer Discretionary	0.7%
59	Laurus Labs Limited	Healthcare	0.67%
60	Bajaj Finserv Limited	Financial Services	0.65%
61	Ujjivan Small Finance Bank Limited	Financial Services	0.65%
62	The Phoenix Mills Limited	Real Estate	0.59%
63	Blue Star Limited	Consumer Discretionary	0.51%
64	InterGlobe Aviation Limited	Services	0.5%
65	Bandhan Bank Limited	Financial Services	0.48%
66	TD Power Systems Limited	Industrials	0.47%
67	Tata Consultancy Services Limited	Information Technology	0.46%
68	India Shelter Finance Corporation Limited	Financial Services	0.45%
69	Triveni Turbine Limited	Industrials	0.45%
70	Bajaj Auto Limited	Consumer Discretionary	0.45%
71	Healthcare Global Enterprises Limited	Healthcare	0.41%
72	Oil & Natural Gas Corporation Limited	Energy	0.41%
73	Coforge Limited	Information Technology	0.39%
74	CG Power and Industrial Solutions Limited	Industrials	0.34%
75	Hindalco Industries Limited	Materials	0.33%
76	Krishna Institute of Medical Sciences Limited	Healthcare	0.32%
77	Cholamandalam Financial Holdings Limited	Financial Services	0.32%
78	Tata Steel Limited	Materials	0.29%
79	Mtar Technologies Limited	Industrials	0.23%
80	Firstsource Solutions Limited	Industrials	0.23%
81	ITC Limited	Consumer Staples	0.23%
82	BIRLASOFT LIMITED	Information Technology	0.22%
83	Indian Bank	Financial Services	0.21%
84	Cipla Limited	Healthcare	0.18%
85	Maruti Suzuki India Limited	Consumer Discretionary	0.16%
86	Dixon Technologies (India) Limited	Consumer Discretionary	0.07%
87	Berger Paints (I) Limited	Consumer Discretionary	0.04%
88	TVS Motor Company Ltd 6.00% (Cumulative Non-Convertible Redeemable Preference Share)bond	—	0.01%
89	Net Receivables / (Payables)other	—	-0.14%

Frequently Asked Questions

Yes. As of its 30 June 2026 disclosure, HDFC Bank Limited is 6.06% of Axis Value Fund's net assets — its number 1 holding.

Yes. As of its 30 June 2026 disclosure, ICICI Bank Limited is 5.47% of Axis Value Fund's net assets — its number 2 holding.

Yes. As of its 30 June 2026 disclosure, Reliance Industries Limited is 3.87% of Axis Value Fund's net assets — its number 3 holding.

Yes. As of its 30 June 2026 disclosure, Shriram Finance Limited is 3.03% of Axis Value Fund's net assets — its number 4 holding.

Yes. As of its 30 June 2026 disclosure, Bharti Airtel Limited is 2.8% of Axis Value 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.