mutual funds axis arbitrage fund directgrowth

holdings

Axis Arbitrage Fund Direct-Growth

Hybrid: Arbitrage - Growth (Open ended)

Axis Arbitrage Fund Direct-GrowthNAV: 21.66 as on 01 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer -LowCategory -Hybrid: ArbitrageBenchmark -NIFTY 50 Arbitrage Total Return Index

NAV: ₹21.66+0.04%

02 Jul 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Axis Arbitrage Fund Direct-Growth.

Asset Allocation

As on 31 May 2026

Others

68.09%

Debt

32.54%

Market Cap Distribution

Large Cap (69.9%)

Mid Cap (23.5%)

Small Cap (6.6%)

Historical Asset Allocation

Asset	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Equity	-0.63%	-0.33%	-0.25%	-0.37%	-0.28%	-0.47%
Debt	32.54%	34.51%	38.56%	29.94%	25.82%	24.37%
Others (incl. cash)	68.09%	65.82%	61.69%	70.43%	74.46%	76.11%
Commodities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Real Estate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

174

P/E Ratio

25.28

P/B Ratio

2.96

Top Holding %

68.12%

Top 5 Holdings %

95.55%

Top 10 Holdings %

106.22%

Modified Duration

0.64 yrs

Avg. Maturity

0.66 yrs

Yield to Maturity

7.02%

AUM

₹9,781 Cr

Expense Ratio

1.43%

Since Inception

6.72%

Max Drawdown

-0.01%

Sharpe Ratio

2.74

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
HDFC Bank Ltd.	Financial	60,77,600	452.51	4.63%	0.22%↑
ICICI Bank Ltd.	Financial	31,91,300	400.95	4.10%	0.91%↑
Reliance Industries Ltd.	Energy	21,24,000	280.62	2.87%	-0.04%↓
Bharat Heavy Electricals Ltd.	Capital Goods	57,54,000	239.8	2.45%	0.48%↑
State Bank of India	Financial	18,18,750	175.4	1.79%	0.24%↑
Bharti Airtel Ltd.	Communication	8,97,750	164.2	1.68%	-0.86%↓
Adani Enterprises Ltd.	Services	5,57,436	163.74	1.67%	0.37%↑
Eternal Ltd.	Services	63,02,575	157.93	1.61%	0.23%↑
Bharat Electronics Ltd.	Capital Goods	37,22,100	152.89	1.56%	-0.00%↓
Kotak Mahindra Bank Ltd.	Financial	37,40,000	143.69	1.47%	-0.98%↓
Cholamandalam Investment and Finance Company Ltd.	Financial	9,30,000	143.01	1.46%	-0.07%↓
Axis Bank Ltd.	Financial	10,42,500	134.13	1.37%	0.58%↑
Vodafone Idea Ltd.	Communication	9,37,75,200	131.19	1.34%	0.31%↑
Ultratech Cement Ltd.	Materials	1,08,150	124.18	1.27%	0.06%↑
ITC Ltd.	Consumer Staples	42,82,100	122.85	1.26%	-0.27%↓
Steel Authority Of India Ltd.	Metals & Mining	57,43,400	117.38	1.20%	0.31%↑
Grasim Industries Ltd.	Materials	3,65,500	114.12	1.17%	0.03%↑
Adani Energy Solutions Ltd.	Energy	7,04,700	106.64	1.09%	0.49%↑
JSW Steel Ltd.	Metals & Mining	8,13,375	103.95	1.06%	-0.02%↓
NMDC Ltd.	Metals & Mining	1,15,62,750	101.74	1.04%	0.15%↑

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	30 Apr 2026	31 Mar 2026	31 Jul 2025	30 Jun 2025	31 May 2025	31 Jan 2025
Technology	0.00%	-	-	-	-	-
Textiles	-	0.00%	-	-	-	-
Consumer Staples	-	-	0.00%	-	-	0.08%
Insurance	-	-	-	0.00%	-	-
Automobile	-	-	-	-	0.00%	-
Healthcare	-	-	-	-	-	0.52%
Services	-	-	-	-	-	0.23%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
Cash & Call Money	70.59%	27.44%
A1+	28.25%	16.12%
SOV	1.73%	4.54%
Others	0.05%	0.07%
AAA	0.00%	1.42%
AA	-	0.18%
AA+	-	0.29%
AA-	-	0.01%
Cash	-	50.45%
Term Deposits	-	0.07%

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
Union Bank of India	Certificate of Deposit	0.00%	02/03/2027	ICRA A1+	2.41%
Others	CBLO	0.00%	0	-	2.07%
Bank Of Baroda	Certificate of Deposit	0.00%	05/02/2027	CARE A1+	1.94%
Mahindra & Mahindra Financial Services Ltd.	Commercial Paper	0.00%	365-D 18/02/2027	CRISIL A1+	1.45%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	04/02/2027	CARE A1+	1.45%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	27/10/2026	CARE A1+	0.99%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	18/02/2027	CARE A1+	0.97%
Kotak Mahindra Prime Ltd.	Commercial Paper	0.00%	364-D 09/12/2026	CRISIL A1+	0.74%
Canara Bank	Certificate of Deposit	0.00%	15/09/2026	ICRA A1+	0.50%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	22/01/2027	CRISIL A1+	0.49%
Kotak Mahindra Bank Ltd.	Certificate of Deposit	0.00%	29/01/2027	CRISIL A1+	0.49%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	14/12/2026	CARE A1+	0.49%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	28/01/2027	CARE A1+	0.49%
Canara Bank	Certificate of Deposit	0.00%	25/03/2027	CRISIL A1+	0.48%
Kotak Mahindra Securities Ltd.	Commercial Paper	0.00%	365-D 12/02/2027	ICRA A1+	0.48%
ICICI Securities Ltd.	Commercial Paper	0.00%	365-D 12/02/2027	CRISIL A1+	0.48%
Karnataka State	State Development Loan	7.22%	26/10/2026	SOV	0.26%
Punjab National Bank	Certificate of Deposit	0.00%	15/09/2026	CARE A1+	0.25%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	13/10/2026	CARE A1+	0.25%
Indian Railway Finance Corporation Ltd.	Debenture	7.68%	24/11/2026	CRISIL AAA	0.00%

Frequently Asked Questions

What are the top holdings of Axis Arbitrage Fund Direct-Growth?

The top holdings of Axis Arbitrage Fund Direct-Growth sorted by portfolio weight are listed in the Top Portfolio Holdings section of the Holdings tab.

How many stocks does Axis Arbitrage Fund Direct-Growth hold in its portfolio?

Axis Arbitrage Fund Direct-Growth holds 174 securities in its portfolio. The top 5 holdings account for 95.55% of the portfolio and the top 10 for 106.22% — a well-diversified portfolio that minimises stock-specific risk.

What is the sector allocation of Axis Arbitrage Fund Direct-Growth?

The sector allocation of Axis Arbitrage Fund Direct-Growth is in the Sector Allocation section, showing each industry's weight in the portfolio.

What is the equity and debt allocation of Axis Arbitrage Fund Direct-Growth?

As of 31 May 2026, Axis Arbitrage Fund Direct-Growth has -0.63% in equity, 32.54% in debt and 68.09% in cash/others. This asset mix determines the fund's overall risk-return profile. The debt portfolio has a yield to maturity (YTM) of 7.02%.

What is the market cap allocation of Axis Arbitrage Fund Direct-Growth?

Axis Arbitrage Fund Direct-Growth's equity portfolio — Large Cap: 69.90%, Mid Cap: 23.51%, Small Cap: 6.59%. Market cap allocation determines the fund's risk profile — large cap offers stability while mid and small cap offer higher growth potential with higher volatility.

Is Axis Arbitrage Fund Direct-Growth a concentrated or diversified fund?

Axis Arbitrage Fund Direct-Growth holds 174 securities, with the top 10 accounting for 106.22% of the portfolio and the top 5 for 95.55%. With 174 holdings, this is a well-diversified fund — stock-specific risk is limited.

What is the credit quality of Axis Arbitrage Fund Direct-Growth?

The debt holdings of Axis Arbitrage Fund Direct-Growth are rated as follows — Cash & Call Money: 70.59%, A1+: 28.25%, SOV: 1.73%, Others: 0.05%, and others. Higher allocation to AAA and sovereign instruments means lower credit risk. The full rating profile compared to the category average is in the Credit Rating section.

How often does Axis Arbitrage Fund Direct-Growth change its portfolio?

The portfolio currently holds 174 securities with the top 10 accounting for 106.22% as of 31 May 2026. Portfolio turnover reflects how actively the fund manager trades. A high turnover increases transaction costs while a low turnover reflects a buy-and-hold approach. Historical asset allocation snapshots across multiple dates are in the Holdings Analysis section.

What is the PE ratio of Axis Arbitrage Fund Direct-Growth's portfolio?

The weighted average PE ratio of Axis Arbitrage Fund Direct-Growth's portfolio is 25.28 and the PB ratio is 2.96. The debt portfolio has a modified duration of 0.64 years and an average maturity of 0.66 years. These metrics reflect the overall valuation and interest rate sensitivity of the portfolio.

When is the latest portfolio disclosure for Axis Arbitrage Fund Direct-Growth?

The latest portfolio disclosure for Axis Arbitrage Fund Direct-Growth is as of 31 May 2026. Mutual funds and ETFs in India are required to disclose their full portfolio monthly, within 10 business days of month-end. You can switch between historical disclosure dates using the date selector in the Top Portfolio Holdings section.

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Asset

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

31 Jan 2026

31 Dec 2025

Equity

-0.63%

-0.33%

-0.25%

-0.37%

-0.28%

-0.47%

Debt

32.54%

34.51%

38.56%

29.94%

25.82%

24.37%

Others (incl. cash)

68.09%

65.82%

61.69%

70.43%

74.46%

76.11%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

HDFC Bank Ltd.

Financial

60,77,600

452.51

4.63%

0.22%↑

ICICI Bank Ltd.

Financial

31,91,300

400.95

4.10%

0.91%↑

Reliance Industries Ltd.

Energy

21,24,000

280.62

2.87%

-0.04%↓

Bharat Heavy Electricals Ltd.

Capital Goods

57,54,000

239.8

2.45%

0.48%↑

State Bank of India

Financial

18,18,750

175.4

1.79%

0.24%↑

Bharti Airtel Ltd.

Communication

8,97,750

164.2

1.68%

-0.86%↓

Adani Enterprises Ltd.

Services

5,57,436

163.74

1.67%

0.37%↑

Eternal Ltd.

Services

63,02,575

157.93

1.61%

0.23%↑

Bharat Electronics Ltd.

Capital Goods

37,22,100

152.89

1.56%

-0.00%↓

Kotak Mahindra Bank Ltd.

Financial

37,40,000

143.69

1.47%

-0.98%↓

Cholamandalam Investment and Finance Company Ltd.

Financial

9,30,000

143.01

1.46%

-0.07%↓

Axis Bank Ltd.

Financial

10,42,500

134.13

1.37%

0.58%↑

Vodafone Idea Ltd.

Communication

9,37,75,200

131.19

1.34%

0.31%↑

Ultratech Cement Ltd.

Materials

1,08,150

124.18

1.27%

0.06%↑

ITC Ltd.

Consumer Staples

42,82,100

122.85

1.26%

-0.27%↓

Steel Authority Of India Ltd.

Metals & Mining

57,43,400

117.38

1.20%

0.31%↑

Grasim Industries Ltd.

Materials

3,65,500

114.12

1.17%

0.03%↑

Adani Energy Solutions Ltd.

Energy

7,04,700

106.64

1.09%

0.49%↑

JSW Steel Ltd.

Metals & Mining

8,13,375

103.95

1.06%

-0.02%↓

NMDC Ltd.

Metals & Mining

1,15,62,750

101.74

1.04%

0.15%↑

Sector

30 Apr 2026

31 Mar 2026

31 Jul 2025

30 Jun 2025

31 May 2025

31 Jan 2025

Technology

0.00%

Textiles

0.00%

Consumer Staples

0.00%

0.08%

Insurance

0.00%

Automobile

0.00%

Healthcare

0.52%

Services

0.23%

Rating

Fund