mutual funds axis nifty india defence index fund directgrowth

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Axis Nifty India Defence Index Fund Direct-Growth

Equity: Thematic-Other - Growth (Open ended)

Axis Nifty India Defence Index Fund Direct-GrowthNAV: 10.82 as on 06 Sep, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Equity: Thematic-OtherBenchmark: Nifty India Defence Total Return IndexCheck Portfolio Overlap →

NAV: ₹10.82+0.47%

07 Sept 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Axis Nifty India Defence Index Fund Direct-Growth.

Asset Allocation

As on 31 Jul 2026

Equity

100.05%

Debt

0.25%

Market Cap Distribution

Large Cap (52.2%)

Mid Cap (25.9%)

Small Cap (21.9%)

Historical Asset Allocation

Asset	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026
Equity	100.05%	100.21%	99.82%	99.82%
Debt	0.25%	0.71%	0.86%	1.76%
Others (incl. cash)	-0.30%	-0.92%	-0.68%	-1.58%
Commodities	0.00%	0.00%	0.00%	0.00%
Real Estate	0.00%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

P/E Ratio

47.97

P/B Ratio

9.72

Top Holding %

21.57%

Top 5 Holdings %

72.01%

Top 10 Holdings %

88.69%

AUM

₹305 Cr

Expense Ratio

0.69%

Since Inception

8.17%

Max Drawdown

-0.07%

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
Hindustan Aeronautics Ltd.	Capital Goods	1,41,455	65.73	21.57%	1.60%↑
Bharat Electronics Ltd.	Capital Goods	14,94,382	57.96	19.03%	-0.80%↓
Bharat Forge Ltd.	Automobile	2,09,889	46.17	15.16%	0.65%↑
Solar Industries India Ltd.	Chemicals	19,182	35.28	11.58%	0.02%↑
Mazagon Dock Shipbuilders Ltd.	Capital Goods	59,823	14.25	4.68%	-0.14%↓
Astra Microwave Products Ltd.	Communication	66,641	12.41	4.07%	0.29%↑
Data Patterns (India) Ltd.	Capital Goods	23,742	10.16	3.34%	-0.11%↓
MTAR Technologies Ltd.	Capital Goods	16,859	9.65	3.17%	-0.98%↓
Cochin Shipyard Ltd.	Capital Goods	66,651	9.48	3.11%	-0.13%↓
Bharat Dynamics Ltd.	Capital Goods	72,575	9.09	2.99%	-0.21%↓
Garden Reach Shipbuilders & Engineers Ltd.	Capital Goods	23,066	6	1.97%	-0.06%↓
Zen Technologies Ltd.	Technology	36,311	5.9	1.94%	-0.14%↓
BEML Ltd.	Capital Goods	30,112	5.27	1.73%	0.02%↑
Apollo Micro Systems Ltd.	Capital Goods	1,27,255	4.96	1.63%	-0.11%↓
Paras Defence And Space Technologies Ltd.	Capital Goods	27,965	3.51	1.15%	-0.01%↓
Dynamatic Technologies Ltd.	Automobile	3,090	3.19	1.05%	0.01%↑
Axiscades Technologies Ltd.	Technology	14,088	2.19	0.72%	-0.05%↓
Aequs Ltd.	Technology	90,547	2.07	0.68%	-0.00%↓
Mishra Dhatu Nigam Ltd.	Metals & Mining	38,462	1.52	0.50%	-0.02%↓

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	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026
Capital Goods	64.36%	65.28%	62.99%	65.64%
Automobile	16.20%	15.54%	16.33%	16.03%
Chemicals	11.58%	11.56%	12.85%	11.03%
Communication	4.07%	3.78%	3.43%	2.79%
Technology	3.34%	3.53%	3.63%	3.76%
Metals & Mining	0.50%	0.52%	0.59%	0.56%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

Score not available.

Price Momentum score

Score not available.

Quality score

Score not available.

QVM score

Score not available.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Solar Industries India Ltd.	-1.01
Data Patterns (India) Ltd.	-1.4

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): Zen Technologies Ltd.

Negative cash flow from operations

Following companies have not generated positive operating cash flow for 2 consecutive financial years: Apollo Micro Systems Ltd., Cochin Shipyard Ltd.

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Aequs Ltd.	3.98

Frequently Asked Questions

What are the top holdings of Axis Nifty India Defence Index Fund Direct-Growth?

The top holdings of Axis Nifty India Defence Index Fund Direct-Growth as of 31 Jul 2026 are Hindustan Aeronautics Ltd. (21.57%), Bharat Electronics Ltd. (19.03%), Bharat Forge Ltd. (15.16%), Solar Industries India Ltd. (11.58%), Mazagon Dock Shipbuilders Ltd. (4.68%). These top 5 stocks together account for 72.01% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does Axis Nifty India Defence Index Fund Direct-Growth hold in its portfolio?

Axis Nifty India Defence Index Fund Direct-Growth holds 20 stocks in its portfolio as of 31 Jul 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of Axis Nifty India Defence Index Fund Direct-Growth?

As of 31 Jul 2026, Axis Nifty India Defence Index Fund Direct-Growth's top sector allocations are Capital Goods (64.36%), Automobile (16.20%), Chemicals (11.58%). You can find detailed sector allocation above.

What is the equity and debt allocation of Axis Nifty India Defence Index Fund Direct-Growth?

As of 31 Jul 2026, Axis Nifty India Defence Index Fund Direct-Growth has 100.05% allocated to equity, and 0.25% to debt. You can also check the historical trends above.

What is the market cap allocation of Axis Nifty India Defence Index Fund Direct-Growth?

As of 31 Jul 2026, Axis Nifty India Defence Index Fund Direct-Growth's market cap allocation is 52.15% in large caps, 25.92% in mid caps, and 21.93% in small caps.

What is the PE ratio of Axis Nifty India Defence Index Fund Direct-Growth's portfolio?

The portfolio PE ratio of Axis Nifty India Defence Index Fund Direct-Growth is 47.97 as of 31 Jul 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of Axis Nifty India Defence Index Fund Direct-Growth?

A credit rating breakdown is not available for Axis Nifty India Defence Index Fund Direct-Growth — its non-equity allocation was 0.25% as of the latest disclosure. This is common when a fund's non-equity holdings are mostly cash or short-term money market instruments, which aren't assigned a credit rating the way bonds are.

When is the latest portfolio disclosure for Axis Nifty India Defence Index Fund Direct-Growth?

The latest portfolio disclosure for Axis Nifty India Defence Index Fund Direct-Growth is as of 31 Jul 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.

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Asset

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

Equity

100.05%

100.21%

99.82%

Debt

0.25%

0.71%

0.86%

1.76%

Others (incl. cash)

-0.30%

-0.92%

-0.68%

-1.58%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

Hindustan Aeronautics Ltd.

Capital Goods

1,41,455

65.73

21.57%

1.60%↑

Bharat Electronics Ltd.

Capital Goods

14,94,382

57.96

19.03%

-0.80%↓

Bharat Forge Ltd.

Automobile

2,09,889

46.17

15.16%

0.65%↑

Solar Industries India Ltd.

Chemicals

19,182

35.28

11.58%

0.02%↑

Mazagon Dock Shipbuilders Ltd.

Capital Goods

59,823

14.25

4.68%

-0.14%↓

Astra Microwave Products Ltd.

Communication

66,641

12.41

4.07%

0.29%↑

Data Patterns (India) Ltd.

Capital Goods

23,742

10.16

3.34%

-0.11%↓

MTAR Technologies Ltd.

Capital Goods

16,859

9.65

3.17%

-0.98%↓

Cochin Shipyard Ltd.

Capital Goods

66,651

9.48

3.11%

-0.13%↓

Bharat Dynamics Ltd.

Capital Goods

72,575

9.09

2.99%

-0.21%↓

Garden Reach Shipbuilders & Engineers Ltd.

Capital Goods

23,066

1.97%

-0.06%↓

Zen Technologies Ltd.

Technology

36,311

5.9

1.94%

-0.14%↓

BEML Ltd.

Capital Goods

30,112

5.27

1.73%

0.02%↑

Apollo Micro Systems Ltd.

Capital Goods

1,27,255

4.96

1.63%

-0.11%↓

Paras Defence And Space Technologies Ltd.

Capital Goods

27,965

3.51

1.15%

-0.01%↓

Dynamatic Technologies Ltd.

Automobile

3,090

3.19

1.05%

0.01%↑

Axiscades Technologies Ltd.

Technology

14,088

2.19

0.72%

-0.05%↓

Aequs Ltd.

Technology

90,547

2.07

0.68%

-0.00%↓

Mishra Dhatu Nigam Ltd.

Metals & Mining

38,462

1.52

0.50%

-0.02%↓

Sector

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

Capital Goods

64.36%

65.28%

62.99%

65.64%

Automobile

16.20%

15.54%

16.33%

16.03%

Chemicals

11.58%

11.56%

12.85%

11.03%

Communication

4.07%

3.78%

3.43%

2.79%

Technology

3.34%

3.53%

3.63%

3.76%

Metals & Mining

0.50%

0.52%

0.59%

0.56%

Name

Value

Solar Industries India Ltd.

-1.01

Data Patterns (India) Ltd.

-1.4

Name

Value

Aequs Ltd.

3.98