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

What Hardik Shah's schemes hold^{(Jan 2022 – Sept 2026)}

What Hardik Shah's schemes hold in Sept 2026. Tick up to 2 to plot them.
Plot	196 companies ·	₹ Cr
	ICICI Bank	506
	HDFC Bank	445
	Reliance Industries	371
	Bharti Airtel Limited	226
	State Bank of India	219
	Kotak Mahindra Bank Limited	192
	Larsen and Toubro	188
	Mahindra and Mahindra Limited	168
	Axis Bank	147
	Infosys	124
	NTPC	111
	Bajaj Finance Limited	111
	Sun Pharmaceutical Ind Ltd	97.4
	Apollo Hospitals Enterprise Limited	96.5
	Eternal Limited	95.7
	Hindustan Aeronautics Limited	82.1
	Bharat Highways Invit	81
	Embassy Office Parks Reit	73.4
	Tata Steel Limited	72
	SBI Life Insurance Co Ltd	71.6
	PNB Housing Finance Limited	67.5
	Titan Co Ltd	67.4
	United Spirits	66.7
	Sona Blw Precision Forgings	66.6
	Indian Hotels Co	65.1
	Interglobe Aviation Limited	57.9
	Cube Highways Trust InvIT Fund	57.1
	Cholamandalam DBS Finance	56.4
	Phoenix Mills Limited	53.1
	Doms Industries Limited	51.8
	Tech Mahindra	50.6
	Britannia Industries	50.6
	Shriram Finance Limited	49.3
	Tata Consultancy Services	48.5
	UltraTech Cement Limited	48.3
	Knowledge Realty Trust	47
	Motherson Sumi Systems	46.3
	Divi s Laboratories Limited	44.4
	Minda Corporation Limited	43.5
	Tata Consumer Products Limited	42.8
	Fortis Healthcare Limited	39.4
	CG Power and Industrial Solutions Limited	38.8
	Amber Enterprises India Limited	38.5
	Pidilite Industries	38.4
	Coforge Limited	38
	Tata Power Co	37.1
	ITC	36.3
	HDFC Life Insurance Co Ltd	35.6
	Varun Beverages Limited	35.3
	Ratnakar Bank Limited	34.8

ICICI Bank
HDFC Bank

Market value of each ticked company across the schemes Hardik Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	HDFC Bank
Sept 2025	₹303 Cr	₹472 Cr
Oct 2025	₹301 Cr	₹481 Cr
Nov 2025	₹316 Cr	₹491 Cr
Dec 2025	₹367 Cr	₹497 Cr
Jan 2026	₹433 Cr	₹559 Cr
Feb 2026	₹457 Cr	₹564 Cr
Mar 2026	₹403 Cr	₹524 Cr
Apr 2026	₹433 Cr	₹499 Cr
May 2026	₹488 Cr	₹477 Cr
Jun 2026	₹538 Cr	₹474 Cr
Jul 2026	₹554 Cr	₹454 Cr
Aug 2026	₹549 Cr	₹429 Cr
Sept 2026	₹506 Cr	₹445 Cr

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

Allocation^{(Sept 2026)}

Market cap

		% of AUM
Large Cap	76	11.75

Mid Cap	60	2.63

Small Cap	52	1.82

REIT / InvIT	4	0.39

Unlisted	3	0.11

Other equity	1	0.19

Cash & others		83.11

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

What Hardik 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.