Fund manager · Axis

Devang Shah

Runs 23 schemes worth ₹1,20,091 Cr.

Fund house
AxisThey run their schemes at Axis.
AUM they run
₹1,20,091 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
23 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.
Experience
Not publishedTheir fund house's documents give no figure for it yet.

Profile

About

Their fund house's documents give no profile for them yet.

Schemes now23

Axis Liquid Fund₹53,459 Cr
Axis Money Market Fund₹19,004 Cr
Axis Arbitrage Fund₹10,143 Cr
Axis Corporate Bond Fund₹7,450 Cr
Axis Short Term Fund₹7,420 Cr
Axis Ultra Short to Short Term Fund₹4,561 Cr
and 17 more, all below

AUM they run^{(Feb 2019 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	1,20,091	−10.3%
Aug 2026	1,33,868	+6.6%
Jul 2026	1,25,592	+11.7%
Jun 2026	1,12,447	−9.8%
May 2026	1,24,636	+0.8%
Apr 2026	1,23,662	+24.9%
Mar 2026	99,019	−18.9%
Feb 2026	1,22,046	+4.9%
Jan 2026	1,16,330	+4.2%
Dec 2025	1,11,625	−4.2%
Nov 2025	1,16,523	+3.4%
Oct 2025	1,12,638	+13.9%

AUM at month end, Sept 2026

₹1,20,091

+6.6% since Oct 2025

Fig. 1.The AUM of the schemes Devang Shah ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time^{(Nov 2012 – now)}

Axis2013201520172019202120232025

Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes^{(Nov 2012 – now)}

Axis

23 now · since Nov 2012

Axis Liquid Fund
Co-manager, debtNov 2012—14y₹53,459 CrLiquidTER 0.13%
Axis Multi Asset Omni FoF
Co-managerDec 2025—11m₹1,320 CrFund of FundsTER 0.16%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance^{(23 schemes)}

Growth · Direct plans, Regular before 2013

Return as manager: +6.81%
Beat peers: 10 of 21
vs peers: −0.02 pt
Longest run: 13.9 years
Beat benchmark: Upcoming

Each scheme Devang Shah ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

Axis Medium Term Fund	Nov '12–now · 13.9y	+7.74%	+7.52%	+0.22 pt	–	–
Axis Liquid Fund	Nov '12–now · 13.9y	+6.81%	+6.76%	+0.05 pt	–	–
Axis Short Term Fund	Nov '12–now · 13.9y	+7.31%	+7.16%	+0.15 pt	–	–
Axis Dynamic Term Fund	Nov '12–now · 13.9y	+7.52%	+7.05%	+0.47 pt	–	–
Axis Gilt Fund	Nov '12–now · 13.9y	+6.86%	+7.12%	−0.26 pt	–	–
Axis Credit Risk Fund	Jul '14–now · 12.2y	+8.23%	+8.47%	−0.23 pt	–	–
Axis Arbitrage Fund	Aug '14–now · 12.1y	+6.70%	+6.62%	+0.08 pt	–	–
Axis Ultra Short to Short Term Fund	Jun '16–now · 10.4y	+7.08%	+6.85%	+0.24 pt	–	–
Axis Conservative Hybrid Fund	Jun '16–now · 10.4y	+7.33%	+8.47%	−1.13 pt	–	–
Axis Corporate Bond Fund	Jul '17–now · 9.2y	+7.38%	+7.06%	+0.32 pt	–	–
Axis Money Market Fund	Aug '19–now · 7.2y	+6.46%	+6.36%	+0.10 pt	–	–
Axis Long Term Fund	Dec '22–now · 3.8y	+5.85%	+6.27%	−0.42 pt	–	–
Axis Income Plus Arbitrage Omni FoF	Feb '23–now · 3.7y	+7.54%	+15.12%	−7.58 pt	–	–
Axis Retirement Fund Dynamic Plan	Apr '24–now · 2.5y	+4.95%	+5.40%	−0.45 pt	–	–
Axis Aggressive Hybrid Fund	Apr '24–now · 2.5y	+6.18%	+6.05%	+0.13 pt	–	–
Axis Retirement Fund Aggressive Plan	Apr '24–now · 2.5y	+4.57%	+5.40%	−0.83 pt	–	–
Axis Multi Asset Allocation Fund	Apr '24–now · 2.5y	+11.12%	+12.07%	−0.95 pt	–	–
Axis Childrens Fund	Apr '24–now · 2.5y	+5.92%	+5.94%	−0.02 pt	–	–
Axis Balanced Advantage Fund	Apr '24–now · 2.5y	+6.64%	+5.32%	+1.31 pt	–	–
Axis Equity Savings Fund	Apr '24–now · 2.5y	+6.30%	+6.35%	−0.05 pt	–	–
Axis Retirement Fund Conservative Plan	Apr '24–now · 2.5y	+3.03%	+5.40%	−2.37 pt	–	–
Axis Income Plus Arbitrage Passive FoF	Nov '25–now · 0.9y	+5.60%	+4.32%	+1.28 pt	–	–
Axis Multi Asset Omni FoF	Dec '25–now · 0.8y	+5.19%	+4.21%	+0.98 pt	–	–

Fig. 1.Each scheme Devang Shah ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(10 now)}

Hardik ShahCorporate Bond Fund · Balanced Advantage Fund · Multi Asset Allocation Fund · Income Plus Arbitrage Omni FoF · Dynamic Term Fund · Childrens Fund · Equity Savings Fund · Retirement Fund Aggressive Plan · Retirement Fund Dynamic Plan · Long Term Fund · Retirement Fund Conservative Plan11 schemes
Aditya PagariaLiquid Fund · Money Market Fund · Short Term Fund · Ultra Short to Short Term Fund · Multi Asset Allocation Fund · Aggressive Hybrid Fund · Multi Asset Omni FoF · Income Plus Arbitrage Passive FoF8 schemes
Jayesh SundarBalanced Advantage Fund · Aggressive Hybrid Fund · Childrens Fund · Retirement Fund Aggressive Plan · Retirement Fund Dynamic Plan · Conservative Hybrid Fund · Retirement Fund Conservative Plan7 schemes
Sachin JainLiquid Fund · Money Market Fund · Arbitrage Fund · Medium Term Fund · Gilt Fund · Conservative Hybrid Fund6 schemes
Akhil ThakkerMulti Asset Allocation Fund · Medium Term Fund · Credit Risk Fund3 schemes
Mayank HyankiMulti Asset Omni FoF · Equity Savings Fund2 schemes
Anagha DaradeIncome Plus Arbitrage Omni FoF1 scheme
Ashish NaikMulti Asset Allocation Fund1 scheme