Synopsis: Axis Mutual Fund made fresh investments worth approximately Rs 378 crore in December 2025, spanning BFSI, e-commerce, and aerospace & defence stocks. These investments align with themes of financial sector growth, digital consumption, strategic manufacturing, an expanding capital markets ecosystem, and India’s ongoing industrial capex upcycle.
Axis Mutual Fund continued its portfolio reshuffling in December 2025 by adding five new stocks across sectors such as BFSI, e-commerce, and aerospace & defence. During the same month, the fund house also exited one consumer durables stock. Read on to find out which stocks were added or sold, how much Axis Mutual Fund invested in each, and what their profit and loss statements indicate about their financial performance.
ICICI Prudential Asset Management Company Ltd.
Axis Mutual Fund added ICICI Prudential Asset Management Company Ltd. to its portfolio in December 2025, with an investment valued at Rs 163.12 crore. The fund acquired a total of 6,12,968 shares, making it the largest new addition by market value during the period.
Incorporated in 1993, ICICI Prudential Asset Management Company is a leading asset management firm offering a comprehensive suite of investment solutions across mutual funds, portfolio management services (PMS), alternative investment funds (AIFs), and offshore advisory services.
In the latest half, the company saw a YoY revenue growth of 20 percent, going from Rs 2458 Cr in H1FY25 to Rs 2949 Cr in H1FY26. The YoY net profits growth was at 22 percent, increasing from Rs 1327 Cr in H1FY25 to Rs 1618 Cr in H1FY26.
Meesho Ltd. was newly added to Axis Mutual Fund’s portfolio in December 2025, with a market value of Rs 123.52 crore. The fund picked up 68,53,867 shares, indicating a sizeable exposure to the e-commerce-focused company.
The Company operates an app-based online marketplace under the Meesho brand, connecting sellers directly with end consumers. Its platform offers a diverse product portfolio across categories such as fashion and accessories, electronics, home and kitchen products, health and fitness equipment, and office supplies, catering to a wide mass-market customer base across India.
In the latest half, the company saw a YoY revenue growth of 29 percent, going from Rs 4311 Cr in H1FY25 to Rs 5577 Cr in H1FY26. The YoY net loss reduced from Rs 2512 Cr in H1FY25 to Rs 700 Cr in H1FY26.
Wakefit Innovations Ltd.
Axis Mutual Fund introduced Wakefit Innovations Ltd. into its holdings in December 2025, investing Rs 43.26 crore. The fund accumulated 23,45,267 shares, reflecting a strategic allocation to the consumer and home solutions segment.
Incorporated in 2016, Wakefit Innovations Limited is an Indian direct-to-consumer (D2C) home and sleep solutions company, offering a wide range of mattresses, furniture, and sleep-focused products through its digital-first platform.
In 6MFY26 , the company saw a revenue of Rs 724 Cr, which is 56 percent of the FY25’s total revenue of Rs 1273 Crore, in FY25 the company saw its revenue rise by 29 percent from FY24’s Rs 986 Crore. The net profit for 6MFY26 stood at Rs 35 Crore, which is a growth from FY25’s loss of Rs 35 Crore.
BlackBuck Ltd. was added to Axis Mutual Fund’s portfolio in December 2025 with an investment worth Rs 26.42 crore. The fund purchased 3,88,726 shares, signaling interest in the digital logistics and trucking platform.
Incorporated in 2015, BlackBuck Ltd. operates as a technology-driven digital trucking platform offering integrated solutions across fleet payments, telematics, load marketplace services, and vehicle financing, enabling efficient operations and improved cash flow management for India’s commercial transport ecosystem.
In the latest quarter, the company saw a strong YoY revenue growth of 52 percent, going from Rs 98 Cr in Q2FY25 to Rs 149 Cr in Q2FY26, while the QoQ revenue grew by 5.6 percent from Rs 141 Cr in Q1FY26 . The company had made a net loss of Rs 270 Crore in Q2FY25 but in Q2FY26 the company made a profit of Rs 31 Crore. In QoQ basis this value had dropped by 11 percent as the net profit in Q1FY26 was Rs 35 Crore
Aequs Ltd.
Axis Mutual Fund invested Rs 22.39 crore in Aequs Ltd. during December 2025, acquiring 16,28,588 shares. The addition highlights the fund’s selective exposure to smaller-cap opportunities.
Founded in 2000, Aequs specializes in high-precision, high-complexity components and assemblies, serving global OEMs and Tier-1 suppliers, with a strong focus on the civil aviation and aerospace manufacturing segment.
In the latest half, the company saw a strong YoY revenue growth of 17 percent, going from Rs 459 Cr in H1FY25 to Rs 537 Cr in H1FY26. The YoY net loss reduced from Rs 72 Cr in H1FY25 to Rs 17 Cr in H1FY26.
Apart from entering into 5 new stocks Axis Mutual Fund also completely exited from Bluestone Jewellery and Lifestyle Ltd. in November 2025. The exit involved shares worth Rs 5.27 crore, with a total of 94,478 shares sold, marking a full withdrawal from the company.
BlueStone Jewellery and Lifestyle Limited is engaged in the manufacturing and retail of diamond, gold, platinum, and studded jewellery, offering a wide portfolio of contemporary and traditional designs across its omnichannel platform.
In the latest quarter, the company saw a strong YoY revenue growth of 37 percent, going from Rs 373 Cr in Q2FY25 to Rs 513 Cr in Q2FY26, while the QoQ revenue grew by 4 percent from Rs 493 Cr in Q1FY26 . The company saw its net loss reduce from Rs 84 Cr in Q2FY25 to Rs 52 Cr in Q2FY26, while QoQ net loss increased from Rs 35 Cr in Q1FY26.
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