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Fund Overview

Fund Size

Fund Size

₹2,058 Cr

Expense Ratio

Expense Ratio

0.91%

ISIN

ISIN

INF846K016N4

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

22 Feb 2023

About this fund

Axis Business Cycles Fund Direct Growth is a Equity - Other mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 3 years, 4 months and 5 days, having been launched on 22-Feb-23.
As of 25-Jun-26, it has a Net Asset Value (NAV) of ₹17.32, Assets Under Management (AUM) of 2058.24 Crores, and an expense ratio of 0.91%.
  • Axis Business Cycles Fund Direct Growth has given a CAGR return of 17.89% since inception.
  • The fund's asset allocation comprises around 96.70% in equities, 0.00% in debts, and 3.30% in cash & cash equivalents.
  • You can start investing in Axis Business Cycles Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+1.88%

(Cat Avg.)

3 Years

+15.50%

(Cat Avg.)

Since Inception

+17.89%

(Cat Avg.)

Portfolio Summaryas of 31st May 2026

Equity1,990.26 Cr96.70%
Others67.98 Cr3.30%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Larsen & Toubro LtdEquity83.88 Cr4.08%
Axis Bank LtdEquity72.76 Cr3.54%
ICICI Bank LtdEquity69.62 Cr3.38%
HDFC Bank LtdEquity63.44 Cr3.08%
Grasim Industries LtdEquity55.52 Cr2.70%
Kotak Mahindra Bank LtdEquity53.98 Cr2.62%
Mahindra & Mahindra LtdEquity51.62 Cr2.51%
Bharti Airtel LtdEquity48.41 Cr2.35%
Eternal LtdEquity48.19 Cr2.34%
Clearing Corporation Of India LtdCash - Collateral47.82 Cr2.32%
BSE LtdEquity46.73 Cr2.27%
Reliance Industries LtdEquity46.7 Cr2.27%
IndusInd Bank LtdEquity45.72 Cr2.22%
Cummins India LtdEquity41.19 Cr2.00%
NTPC LtdEquity40.91 Cr1.99%
Aether Industries LtdEquity38.86 Cr1.89%
One97 Communications LtdEquity36.33 Cr1.77%
Bharat Heavy Electricals LtdEquity36.03 Cr1.75%
Jindal Steel LtdEquity33.91 Cr1.65%
Solar Industries India LtdEquity32.78 Cr1.59%
CG Power & Industrial Solutions LtdEquity31.1 Cr1.51%
PTC Industries LtdEquity30.18 Cr1.47%
Aarti Industries LtdEquity29.95 Cr1.46%
Mankind Pharma LtdEquity29.89 Cr1.45%
Vishal Mega Mart LtdEquity29.61 Cr1.44%
CreditAccess Grameen Ltd Ordinary SharesEquity28.61 Cr1.39%
Delhivery LtdEquity26.23 Cr1.27%
Asian Paints LtdEquity24.92 Cr1.21%
Sona BLW Precision Forgings LtdEquity24.62 Cr1.20%
Anthem Biosciences LtdEquity24.43 Cr1.19%
Hyundai Motor India LtdEquity22.99 Cr1.12%
Coforge LtdEquity22.86 Cr1.11%
Max Healthcare Institute Ltd Ordinary SharesEquity22.82 Cr1.11%
Oil & Natural Gas Corp LtdEquity22.75 Cr1.11%
Endurance Technologies LtdEquity22 Cr1.07%
RBL Bank LtdEquity21.69 Cr1.05%
Jyoti CNC Automation LtdEquity21.67 Cr1.05%
GE Vernova T&D India LtdEquity20.95 Cr1.02%
RHI Magnesita India LtdEquity20.48 Cr0.99%
Bosch LtdEquity20.15 Cr0.98%
ITC LtdEquity20.01 Cr0.97%
PNB Housing Finance LtdEquity19.93 Cr0.97%
Bajaj Finserv LtdEquity19.93 Cr0.97%
Hindustan Zinc LtdEquity19.34 Cr0.94%
Tata Motors LtdEquity19.26 Cr0.94%
Titagarh Rail Systems LtdEquity19.26 Cr0.94%
Hindustan Unilever LtdEquity18.47 Cr0.90%
Ambuja Cements LtdEquity18.11 Cr0.88%
HCL Technologies LtdEquity17.75 Cr0.86%
Infosys LtdEquity17.39 Cr0.84%
City Union Bank LtdEquity16.57 Cr0.81%
HDFC Asset Management Co LtdEquity16.55 Cr0.80%
Welspun Corp LtdEquity16.3 Cr0.79%
Hindustan Copper LtdEquity16.27 Cr0.79%
Brigade Enterprises LtdEquity16.2 Cr0.79%
Jubilant Ingrevia Ltd Ordinary SharesEquity16.16 Cr0.78%
PI Industries LtdEquity15.51 Cr0.75%
Bandhan Bank LtdEquity15.45 Cr0.75%
Tube Investments of India Ltd Ordinary SharesEquity15.01 Cr0.73%
Jubilant Foodworks LtdEquity14.64 Cr0.71%
Mphasis LtdEquity14.56 Cr0.71%
Page Industries LtdEquity14.51 Cr0.70%
HealthCare Global Enterprises LtdEquity14.4 Cr0.70%
Gujarat Fluorochemicals Ltd Ordinary SharesEquity13.63 Cr0.66%
United Spirits LtdEquity13.5 Cr0.66%
Bharat Forge LtdEquity13.1 Cr0.64%
Corona Remedies LtdEquity13.08 Cr0.64%
Hindustan Aeronautics Ltd Ordinary SharesEquity13.04 Cr0.63%
Chalet Hotels LtdEquity12.95 Cr0.63%
Minda Corp LtdEquity12.3 Cr0.60%
360 One Wam Ltd Ordinary SharesEquity11.76 Cr0.57%
India (Republic of)Bond - Short-term Government Bills10 Cr0.49%
India (Republic of)Bond - Short-term Government Bills9.88 Cr0.48%
Pine Labs LtdEquity8.92 Cr0.43%
Sapphire Foods India LtdEquity8.29 Cr0.40%
SBI Life Insurance Co LtdEquity7.35 Cr0.36%
Aditya Birla Real Estate LtdEquity7.27 Cr0.35%
SJS Enterprises LtdEquity5.57 Cr0.27%
AAVAS Financiers LtdEquity5.36 Cr0.26%
Swiggy LtdEquity4.52 Cr0.22%
Bank Nifty Index 53500 Call June 2026 OptionEquity Index - Option (Call)2.49 Cr0.12%
Nifty 24100 Put June 2026 OptionEquity Index - Option (Put)1.04 Cr0.05%
Net Receivables / (Payables)Cash - Collateral0.28 Cr0.01%
Bank Nifty Index 55100 Call June 2026 OptionEquity Index - Option (Call)0.07 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

50.57%

Mid Cap Stocks

23.28%

Small Cap Stocks

22.67%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services515.46 Cr25.04%
Industrials359.02 Cr17.44%
Basic Materials331.26 Cr16.09%
Consumer Cyclical324.3 Cr15.76%
Technology117.8 Cr5.72%
Healthcare104.61 Cr5.08%
Energy69.44 Cr3.37%
Consumer Defensive51.98 Cr2.53%
Communication Services48.41 Cr2.35%
Utilities40.91 Cr1.99%
Real Estate23.47 Cr1.14%

Risk & Performance Ratios

Standard Deviation

This fund

15.91%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

0.60

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Ashish Naik

Ashish Naik

Since February 2023

Additional Scheme Detailsas of 31st May 2026

ISIN
INF846K016N4
Expense Ratio
0.91%
Exit Load
1.00%
Fund Size
₹2,058 Cr
Age
3 years 4 months
Lumpsum Minimum
₹100
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund nameExpense RatioExit LoadFund size
1Y
Titanium Equity Long-Short Fund Regular Growth

Very High Risk

-1.0%₹207.85 Cr-
Titanium Equity Long-Short Fund Direct Growth

Very High Risk

-1.0%₹207.85 Cr-
qsif Sector Rotation Long-Short Fund Regular Growth

Very High Risk

2.5%1.0%--
qsif Sector Rotation Long-Short Fund Direct Growth

Very High Risk

0.9%1.0%--
Sapphire Equity Long-Short SIF Regular Growth

Very High Risk

2.1%1.0%--
Sapphire Equity Long-Short SIF Direct Growth

Very High Risk

0.6%1.0%--
WSIF Equity Long-Short Fund Regular Growth

Very High Risk

-0.0%₹17.18 Cr-
WSIF Equity Ex-Top 100 Long-Short Fund Regular Growth

Very High Risk

-0.0%₹16.15 Cr-
WSIF Equity Long-Short Fund Direct Growth

Very High Risk

-0.0%₹17.18 Cr-
WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

-0.0%₹16.15 Cr-
DynaSIF Active Asset Allocator Long-Short Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹130.72 Cr-
DynaSIF Active Asset Allocator Long-Short Fund Regular Growth

Low to Moderate Risk

1.6%0.0%₹130.72 Cr-
Apex Hybrid Long-Short Fund Regular Growth

Low to Moderate Risk

-0.0%₹63.25 Cr-
Apex Hybrid Long-Short Fund Direct Growth

Low to Moderate Risk

-0.0%₹63.25 Cr-
Arudha Equity Long-Short Fund Regular Growth

Very High Risk

2.4%0.0%₹80.55 Cr-
Arudha Equity Long-Short Fund Direct Growth

Very High Risk

0.9%0.0%₹80.55 Cr-
SBI Nifty Midcap 150 Momentum 50 ETF

Very High Risk

0.3%-₹9.21 Cr-
ITI Business Cycle Fund Regular Growth

Very High Risk

2.4%0.0%₹107.82 Cr-
ITI Business Cycle Fund Direct Growth

Very High Risk

0.6%0.0%₹107.82 Cr-
DynaSIF Equity Long - Short Fund Regular Growth

High Risk

2.1%0.0%₹153.58 Cr-
DynaSIF Equity Long - Short Fund Direct Growth

High Risk

0.8%0.0%₹153.58 Cr-
Mirae Asset BSE India Defence ETF

Very High Risk

0.3%-₹96.13 Cr-
Kotak Services Fund Regular Growth

Very High Risk

2.4%0.0%₹725.97 Cr-
Kotak Services Fund Direct Growth

Very High Risk

1.0%0.0%₹725.97 Cr-
SBI Quality Fund Direct Growth

Very High Risk

0.8%1.0%₹2361.00 Cr-
Mirae Asset BSE India Defence ETF FOF Direct Growth

Very High Risk

0.4%0.0%₹61.87 Cr-
Mirae Asset BSE India Defence ETF FOF Regular Growth

Very High Risk

0.8%0.0%₹61.87 Cr-
SBI Quality Fund Regular Growth

Very High Risk

2.0%1.0%₹2361.00 Cr-
Motilal Oswal Nifty MNC ETF

Very High Risk

0.5%-₹2.42 Cr-
JioBlackRock Sector Rotation Fund Direct Growth

Very High Risk

0.5%0.0%₹150.29 Cr-
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

0.5%0.0%₹11.98 Cr-
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

0.2%0.0%₹11.98 Cr-
Groww Nifty PSE ETF

Very High Risk

0.5%-₹17.69 Cr-
Mahindra Manulife Innovation Opportunities Fund Direct Growth

Very High Risk

0.5%0.0%₹194.04 Cr-
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

2.1%0.0%₹194.04 Cr-
Groww Nifty Chemicals ETF

Very High Risk

0.5%-₹11.12 Cr-
DSP MSCI INDIA ETF

Very High Risk

0.3%-₹3.26 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.4%0.0%₹795.34 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.8%0.0%₹795.34 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.0%1.0%₹818.96 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.0%1.0%₹818.96 Cr-
The Wealth Company Ethical Fund Direct Growth

Very High Risk

0.6%0.0%₹38.56 Cr-
The Wealth Company Ethical Fund Regular Growth

Very High Risk

2.0%0.0%₹38.56 Cr-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth

Very High Risk

0.7%1.0%₹666.33 Cr-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth

Very High Risk

2.0%1.0%₹666.33 Cr-
Motilal Oswal Nifty Alpha 50 ETF

Very High Risk

0.5%-₹6.62 Cr-
Kotak Active Momentum Fund Direct Growth

Very High Risk

0.8%0.0%₹1480.27 Cr-
Kotak Active Momentum Fund Regular Growth

Very High Risk

2.1%0.0%₹1480.27 Cr-
Motilal Oswal Special Opportunities Fund Direct Growth

Very High Risk

2.4%1.0%₹74.13 Cr-
Motilal Oswal Special Opportunities Fund Regular Growth

Very High Risk

2.5%1.0%₹74.13 Cr-

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,75,654 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Nifty Capital Markets Index Fund Direct Growth

Very High Risk

0.2%0.0%₹69.72 Cr-
Axis Nifty India Defence Index Fund Direct Growth

Very High Risk

0.2%0.0%₹254.41 Cr-
Axis Fixed Maturity Plan Series 130 92 Days Direct Growth

Low to Moderate Risk

-0.0%--
Axis Fixed Maturity Plan Series 129 108 Days Direct Growth

Low to Moderate Risk

-0.0%--
Axis BSE India Sector Leaders Index Fund Direct Growth

Very High Risk

0.1%0.0%₹32.19 Cr-
Axis Gold and Silver Passive FoF Direct Growth

Very High Risk

0.1%0.0%₹584.81 Cr-
Axis Multi-Asset Active FoF Direct Growth

Very High Risk

0.0%1.0%₹1375.58 Cr-
Axis Income Plus Arbitrage Passive Fund of Funds Direct Growth

Low to Moderate Risk

0.0%0.0%₹97.60 Cr-
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹271.47 Cr-
Axis Nifty500 Quality 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹79.67 Cr-
Axis Services Opportunities Fund Direct Growth

Very High Risk

0.8%1.0%₹1570.39 Cr-
Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund Direct Growth

Moderate Risk

-0.0%--
Axis Nifty500 Momentum 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹149.69 Cr-1.7%
Axis CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹20.34 Cr6.4%
Axis Momentum Fund Direct Growth

Very High Risk

0.8%1.0%₹974.52 Cr-4.8%
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹8.21 Cr6.1%
Axis Nifty500 Value 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹205.60 Cr16.8%
Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1785.19 Cr6.5%
Axis Consumption Fund Direct Growth

Very High Risk

0.7%1.0%₹2754.89 Cr-2.5%
Axis Nifty 500 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹300.49 Cr-0.1%
Axis Nifty Bank Index Fund Direct Growth

Very High Risk

0.2%0.0%₹158.62 Cr3.6%
Axis CRISIL IBX SDL June 2034 Debt Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹8.30 Cr4.3%
Axis S&P BSE Sensex Index Fund Direct Growth

Very High Risk

0.1%0.0%₹51.27 Cr-5.6%
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 119 71 Days Direct Growth

Low to Moderate Risk

----
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹39.11 Cr13.7%
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.5%1.0%₹5343.95 Cr13.1%
Axis Fixed Term Plan Series 118 100 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 113 1228 Days Direct Growth

Low to Moderate Risk

-0.0%₹92.41 Cr6.4%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 105 1128 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 112 1143 Days Direct Growth

Low Risk

-0.0%₹76.51 Cr6.0%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low Risk

0.2%0.0%₹65.46 Cr5.9%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹12219.33 Cr5.5%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.7%1.0%₹2426.90 Cr23.4%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹638.56 Cr3.0%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.8%0.0%₹12624.95 Cr2.8%
Axis Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹18185.08 Cr6.4%
Axis Equity Hybrid Fund Direct Growth

High Risk

1.1%1.0%₹1429.23 Cr1.1%
Axis Special Situations Fund Direct Growth

Very High Risk

1.3%1.0%₹1166.69 Cr4.8%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹8359.31 Cr5.9%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹1062.16 Cr-1.9%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹9781.35 Cr6.7%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.4%1.0%₹4168.37 Cr41.4%
Axis Value Fund Direct Growth

Very High Risk

0.7%1.0%₹1586.71 Cr6.3%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderate Risk

0.1%0.0%₹2109.07 Cr6.1%
Axis Quant Fund Direct Growth

Very High Risk

0.8%1.0%₹835.88 Cr2.6%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹423.60 Cr4.8%
Axis Bluechip Fund Direct Growth

Very High Risk

0.8%0.0%₹30004.62 Cr-1.6%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1026.19 Cr6.1%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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What is the current NAV of Axis Business Cycles Fund Direct Growth?

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The NAV of Axis Business Cycles Fund Direct Growth, as of 25-Jun-2026, is ₹17.32.
The fund has generated 1.88% over the last 1 year and 15.50% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 96.70% in equities, 0.00% in bonds, and 3.30% in cash and cash equivalents.
The fund managers responsible for Axis Business Cycles Fund Direct Growth are:-
  1. Ashish Naik
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