Fund manager · Axis

Hardik Shah

Fund Manager – Fixed Income at Axis. Runs 16 schemes worth ₹38,904 Cr.

Fund house
AxisThey run their schemes at Axis.
AUM they run
₹38,904 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
16 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.
Experience
14 yearsOver 14 years

Profile^{(Axis's SAI, 30 Jun 2026)}

About

Role: Fund Manager – Fixed Income
Studied: MBA (Finance), B.E (I.T)
Age: 40 years
Experience: Over 14 years

Schemes now16

Axis Banking and PSU Debt Fund₹11,954 Cr
Axis Corporate Bond Fund₹7,450 Cr
Axis Ultra Short Term fund₹4,994 Cr
Axis Balanced Advantage Fund₹3,654 Cr
Axis Multi Asset Allocation Fund₹2,615 Cr
Axis Income Plus Arbitrage Omni FoF₹2,219 Cr
and 10 more, all below

AUM they run^{(Jan 2022 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	38,904	−4.5%
Aug 2026	40,721	−0.1%
Jul 2026	40,768	+2.0%
Jun 2026	39,986	−3.4%
May 2026	41,395	−0.9%
Apr 2026	41,773	+8.3%
Mar 2026	38,564	−7.7%
Feb 2026	41,792	−0.2%
Jan 2026	41,860	−2.3%
Dec 2025	42,860	−4.8%
Nov 2025	45,032	+2.9%
Oct 2025	43,774	+7.7%

AUM at month end, Sept 2026

₹38,904

−11.1% since Oct 2025

Fig. 1.The AUM of the schemes Hardik 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^{(Jan 2022 – now)}

Axis2023202420252026

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^{(Jan 2022 – now)}

Axis

16 now · since Jan 2022

Axis Banking and PSU Debt Fund
Co-manager, debtJul 2023—3y 4m₹11,954 CrBanking & PSUTER 0.36%
Axis CRISIL IBX50 50 Gilt Plus SDL June 2028 Index Fund
Fund managerJan 2023—3y 10m₹337 CrIndex FundsTER 0.19%

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

Performance^{(16 schemes)}

Growth · Direct plans

Return as manager: +7.11%
Beat peers: 6 of 16
vs peers: −0.41 pt
Longest run: 4.8 years
Beat benchmark: Upcoming

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

Axis Balanced Advantage Fund	Jan '22–now · 4.8y	+9.22%	+8.67%	+0.55 pt	–	–
Axis Corporate Bond Fund	Jan '22–now · 4.8y	+6.86%	+6.24%	+0.62 pt	–	–
Axis Floating Interest Rates Fund	Jan '22–now · 4.8y	+7.32%	+6.89%	+0.44 pt	–	–
Axis CRISIL IBX SDL May 2027 Index Fund	Feb '22–now · 4.6y	+6.40%	+9.95%	−3.54 pt	–	–
Axis Long Term Fund	Dec '22–now · 3.8y	+5.85%	+6.27%	−0.42 pt	–	–
Axis CRISIL IBX50 50 Gilt Plus SDL June 2028 Index Fund	Jan '23–now · 3.7y	+7.34%	+7.75%	−0.41 pt	–	–
Axis Equity Savings Fund	Feb '23–now · 3.7y	+9.79%	+9.54%	+0.25 pt	–	–
Axis Childrens Fund	Feb '23–now · 3.7y	+9.09%	+12.49%	−3.39 pt	–	–
Axis Banking and PSU Debt Fund	Jul '23–now · 3.3y	+6.77%	+6.84%	−0.07 pt	–	–
Axis Dynamic Term Fund	Apr '24–now · 2.5y	+7.00%	+5.81%	+1.19 pt	–	–
Axis Income Plus Arbitrage Omni FoF	Apr '24–now · 2.5y	+7.46%	+9.61%	−2.15 pt	–	–
Axis Retirement Fund Dynamic Plan	Apr '24–now · 2.5y	+4.95%	+5.40%	−0.45 pt	–	–
Axis Retirement Fund Conservative Plan	Apr '24–now · 2.5y	+3.03%	+5.40%	−2.37 pt	–	–
Axis Multi Asset Allocation Fund	Apr '24–now · 2.5y	+11.12%	+12.07%	−0.95 pt	–	–
Axis Retirement Fund Aggressive Plan	Apr '24–now · 2.5y	+4.57%	+5.40%	−0.83 pt	–	–
Axis Ultra Short Term fund	Nov '24–now · 1.9y	+7.23%	+7.02%	+0.21 pt	–	–

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

Works with^{(8 now)}

Devang 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
Jayesh SundarBalanced Advantage Fund · Childrens Fund · Retirement Fund Aggressive Plan · Retirement Fund Dynamic Plan · Retirement Fund Conservative Plan5 schemes
Aditya PagariaBanking and PSU Debt Fund · Multi Asset Allocation Fund · CRISIL IBX SDL May 2027 Index Fund · Floating Interest Rates Fund4 schemes
Akhil ThakkerMulti Asset Allocation Fund1 scheme
Anagha DaradeIncome Plus Arbitrage Omni FoF1 scheme
Ashish NaikMulti Asset Allocation Fund1 scheme
Mayank HyankiEquity Savings Fund1 scheme
Sachin JainUltra Short Term fund1 scheme

Career^{(Jan 2022 – now)}

January 20, Axis Asset

Position not stated
Jan 2022—4y 10m

Source.Axis's Statement of Additional Information, as of 30 Jun 2026.