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.

What Devang Shah's schemes hold^{(Aug 2014 – Sept 2026)}

What Devang Shah's schemes hold in Sept 2026. Tick up to 2 to plot them.
Plot	248 companies ·	₹ Cr
	ICICI Bank	967
	HDFC Bank	925
	Reliance Industries	824
	State Bank of India	518
	Bharti Airtel Limited	493
	Kotak Mahindra Bank Limited	386
	Axis Bank	306
	Bajaj Finance Limited	280
	Bharat Heavy Electricals	275
	Infosys	268
	Tata Steel Limited	262
	Larsen and Toubro	224
	Mahindra and Mahindra Limited	202
	Cholamandalam DBS Finance	200
	Divi s Laboratories Limited	192
	Apollo Hospitals Enterprise Limited	184
	NTPC	180
	Cummins India	159
	Hindustan Unilever	153
	Bharat Electronics	152
	Canara Bank	146
	Hindustan Aeronautics Limited	144
	Bharti Infratel	142
	Adani Enterprises	136
	Hindalco Industries	132
	UltraTech Cement Limited	131
	Coal India	121
	Idea Cellular	119
	ITC	119
	Varun Beverages Limited	118
	Eternal Limited	118
	Indian Hotels Co	117
	HDFC Life Insurance Co Ltd	116
	Sun Pharmaceutical Ind Ltd	112
	Jio Financial Services Limited	109
	Bharat Highways Invit	108
	JSW Steel	106
	Adani Power Limited	103
	Glenmark Pharmaceuticals	96.7
	PNB Housing Finance Limited	95.4
	United Spirits	93
	Federal Bank	92.2
	Manappuram Finance Limited	88.6
	Punjab National Bank	84.6
	STEEL AUTHORITY INDIA LTD	81
	Biocon	79.7
	Embassy Office Parks Reit	79.2
	Sona Blw Precision Forgings	78.8
	Titan Co Ltd	78.2
	SBI Life Insurance Co Ltd	77.9

ICICI Bank
HDFC Bank

Market value of each ticked company across the schemes Devang Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	HDFC Bank
Sept 2025	₹572 Cr	₹792 Cr
Oct 2025	₹537 Cr	₹784 Cr
Nov 2025	₹570 Cr	₹895 Cr
Dec 2025	₹628 Cr	₹896 Cr
Jan 2026	₹851 Cr	₹1,127 Cr
Feb 2026	₹840 Cr	₹1,136 Cr
Mar 2026	₹756 Cr	₹1,038 Cr
Apr 2026	₹816 Cr	₹1,002 Cr
May 2026	₹961 Cr	₹1,000 Cr
Jun 2026	₹892 Cr	₹950 Cr
Jul 2026	₹939 Cr	₹897 Cr
Aug 2026	₹993 Cr	₹863 Cr
Sept 2026	₹967 Cr	₹925 Cr

Fig. 1.Market value of each ticked company across the schemes Devang Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of AUM
Large Cap	91	8.89

Mid Cap	89	2.00

Small Cap	58	0.99

REIT / InvIT	5	0.20

Unlisted	3	0.036

Other equity	2	0.24

Cash & others		87.65

Sectors

Companies

Fig. 2.What the schemes this manager runs hold, all together, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

What Devang Shah bought and sold^{(Oct 2025 – Sept 2026)}

What Devang Shah bought and sold. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.