Fundalysisby DARKHORSESTOCKS

Fund house

Axis

Its schemes hold 622 companies worth ₹2,03,506 Cr in Sept 2026.

  • AUM

    ₹3,85,919 CrAxis's AUM averaged over Sept 2026, as AMFI reports it. Down 0.6% on Aug 2026, ₹3,88,231 Cr.

  • Largest holding

    ICICI BankICICI Bank is 2.6% of Axis's AUM.

  • Largest sector

    BanksCompanies in Banks make up 9.0% of Axis's AUM.

  • Top 10 holdings

    13.3% of AUMThe 10 largest holdings together make up 13.3% of Axis's AUM.

AUM(Mar 2014 – Sept 2026)

Average AUM each month, and its change on the month before
12 months₹ CrChange
Sept 20263,85,919−0.6%
Aug 20263,88,231+3.6%
Jul 20263,74,844+0.7%
Jun 20263,72,201−0.9%
May 20263,75,439+4.5%
Apr 20263,59,237+3.3%
Mar 20263,47,752−6.2%
Feb 20263,70,689+2.6%
Jan 20263,61,436−0.4%
Dec 20253,62,8130.0%
Nov 20253,62,764+1.8%
Oct 20253,56,217+1.9%
Average AUM, Sept 2026
₹3,85,919 Cr
+8.3% since Oct 2025
Fig. 1.Axis's average AUM each month since Mar 2014, ₹ crore. Source: AMFI.

Asset classes(Sept 2026)

Average AUM by asset class in Sept 2026, ₹ crore, and each one's share of the total
10 classes₹ CrShare
Equity1,98,99151.6%
Liquid95,37324.7%
Debt41,57910.8%
Hybrid19,2565.0%
Index funds11,8413.1%
Overseas FoFs7,6372.0%
Gold ETFs5,6411.5%
Silver ETFs2,0780.5%
Solution-oriented1,8940.5%
ETFs1,6280.4%
Domestic FoFs8,783
Average AUM, Sept 2026
Fig. 2.Average AUM by asset class, as AMFI classes it since SEBI's Aug 2026 categories. Source: AMFI.

States(Sept 2026)

Average AUM by state in Sept 2026, ₹ crore, its share of the total and its change over the year
36 states₹ CrShare
Maharashtra1.36L35.2%
Delhi59.8K15.5%
Gujarat30.2K7.8%
Karnataka28.2K7.3%
West Bengal20.6K5.3%
Tamil Nadu18.3K4.7%
Uttar Pradesh11.9K3.1%
Telangana10.2K2.6%
Rajasthan7.61K2.0%
Madhya Pradesh7.54K2.0%
Punjab5.11K1.3%
Kerala4.74K1.2%
Odisha4K1.0%
Andhra Pradesh3.77K1.0%
Haryana3.73K1.0%
Jharkhand3.7K1.0%
Bihar3.46K0.9%
Chhattisgarh2.97K0.8%
Uttarakhand2.12K0.6%
Assam1.63K0.4%
Goa1.49K0.4%
Chandigarh1.22K0.3%
Himachal Pradesh7820.2%
Jammu & Kashmir5020.1%
Dadra & Nagar Haveli and Daman & Diu242<0.1%
Puducherry185<0.1%
Tripura147<0.1%
Sikkim129<0.1%
Nagaland124<0.1%
Meghalaya114<0.1%
Arunachal Pradesh113<0.1%
Manipur104<0.1%
Mizoram50.2<0.1%
Andaman & Nicobar27.9<0.1%
Ladakh14.8<0.1%
Lakshadweep0.97<0.1%
Others15.3K4.0%
All states and union territories, Sept 2026
₹3,70,613 Cr
36 states and union territories
1364301.36K4.3K13.6K43K

Average AUM, ₹ crore

Fig. 3.Axis's average AUM by the state its investors live in, and its change over the year. Source: AMFI.

Market share(Mar 2014 – Sept 2026)

Share of industry AUM each month, and its change on the month before
12 monthsShareChange
Sept 202619.44%+15.05 pt
Aug 20264.40%+0.05 pt
Jul 20264.34%−0.08 pt
Jun 20264.42%−0.08 pt
May 20264.50%+0.11 pt
Apr 20264.38%+0.01 pt
Mar 20264.38%−0.07 pt
Feb 20264.44%+0.04 pt
Jan 20264.41%−0.02 pt
Dec 20254.42%−0.04 pt
Nov 20254.46%0.00 pt
Oct 20254.46%−0.03 pt
Share of industry AUM, Sept 2026
19.44%
+14.98 pt since Oct 2025
Fig. 4.Axis's average AUM as a share of every fund house's, each month since Mar 2014; changes in points. Source: AMFI.