Multi Asset Allocation · Hybrid

Axis Multi Asset Allocation Fund

Axis Asset Management Co. Ltd.

Benchmark

Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price of Physical Silver (7.5%)

Riskometer

High

Size

₹2,637 cr

Allotted

23 Aug 2010

Holdings as of

30 Sep 2026

Axis Multi Asset Allocation Fund is a multi asset allocation fund of Axis Asset Management Co. Ltd. with ₹2,637 cr under management. Its direct plan charges 1.20% a year. Ashish Naik has managed it for 10.3 years.

Has Axis Multi Asset Allocation Fund beaten its benchmark?

+2.54% over the last year on the direct plan.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−1.17%	−1.30%	—
3 months	−1.10%	−4.28%	—
6 months	+0.57%	−1.46%	—
1 year	+2.54%	−4.25%	+6.79 pts
3 years	+12.98%	+9.50%	+3.48 pts
5 years	+7.85%	+8.14%	−0.29 pts
10 years	+11.50%	+12.76%	−1.26 pts
Since start from 2 Jan 2013	+10.68%	—	—

Valarth price history to 15 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 14 Oct 2026

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+2.57%	+1.49%	—	—	🔒
3y	+12.78%	+11.64%	—	—	🔒
5y	+7.76%	+6.49%	—	—	🔒
10y	+11.45%	+10.08%	—	—	🔒

Ahead in points a year · its rank among Multi Asset Allocation funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 15 Oct 2026

Fund 293Nifty 500 TRI 329

₹100 put in at the start of Oct 2016 would be ₹293 on 15 Oct 2026, against ₹329 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Axis Multi Asset Allocation Fund cost?

1.20% a year on the direct plan, 2.28% on the regular plan; 14 of 18 funds in its category charge less.

Direct plan

1.20% a year

Category median 0.93%

Regular plan

2.28% a year

Category median 2.21%

Gap

1.08 points

for the same holdings

14 of 18 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Schemes - Multi Asset Allocation Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Axis Multi Asset Allocation Fund?

Ashish Naik, since 22 Jun 2016; Devang Shah, since 22 Jun 2016; Hardik Shah, since 22 Jun 2016.

Ashish Naik

10.3 years

since 22 Jun 2016

Devang Shah

10.3 years

since 22 Jun 2016

Hardik Shah

10.3 years

since 22 Jun 2016

And 4 more; every manager, the other funds each runs and the changes over time are in the app.

Benchmark as filedNifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price of Physical Silver (7.5%)

Exit load

emed/switch out within 12 months from the date of allotment- For 10% of investment : Nil- For remaining investment : 1% If redeemed/switch out after 12 months from the date of allotment: Nil

From 8 Scheme Summary Documents filed with NSE, first on 24 Feb 2026; as on 11 Oct 2026

What does Axis Multi Asset Allocation Fund hold?

129 holdings as of 30 Sep 2026; the ten largest are 38.5% of the fund, the largest ICICI Bank Limited at 5.6%.

Mix

Holdings as of 30 Sep 2026

Equity79.9%Debt1.1%Cash8.1%Other10.9%

Holdings

129

109 shares

Top ten

38.5%

of the fund

Effective holdings

52.1

spread, as if equal-weighted

Matched to our table

88%

of the equity

Five largest

% of fund

ICICI Bank Limited5.57%

HDFC Bank Limited4.23%

Bharti Airtel Limited2.79%

Axis Bank Limited2.60%

Reliance Industries Limited2.48%

Five largest industries

% of fund

Banks21.3%

Pharmaceuticals & Biotechnology5.00%

Finance4.70%

IT - Software4.40%

CRISIL AA-4.20%

By company size

% of equity · SEBI size lists

Large Cap61.9%Mid Cap22.3%Small Cap15.8%

How does Axis Multi Asset Allocation Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Axis Multi Asset Allocation Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker

Nearest to the Nifty 50: 55% of it differs from the index (an active fund is usually above 60%).

Active share 54.7%60%

Funds that hold much the same

% of holdings in common

Axis ELSS- Tax Saver Fund55.0% the same

48 shared holdings

CANARA ROBECO LARGE CAP FUND51.1% the same

36 shared holdings

Axis Business Cycles Fund49.9% the same

52 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Axis Multi Asset Allocation Fund?

Ashish Naik (manager) since 22 Jun 2016; Devang Shah (manager) since 22 Jun 2016; Hardik Shah (manager) since 22 Jun 2016; Aditya Pagaria (manager) since 22 Jun 2016; Pratik Tibrewal (manager) since 22 Jun 2016; Krishnaa N (For Foreign Securities) since 22 Jun 2016; Akhil Thakker (manager) since None.

What is the expense ratio of Axis Multi Asset Allocation Fund?

1.20% a year on the direct plan and 2.28% on the regular plan (expense report, Oct 2026).

How has Axis Multi Asset Allocation Fund done?

Its direct plan returned +12.78% a year over 3 years against None for its benchmark, Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price of Physical Silver (7.5%), as of 14 Oct 2026.