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Fund Overview

Fund Size

Fund Size

₹2,213 Cr

Expense Ratio

Expense Ratio

2.05%

ISIN

ISIN

INF846K019N8

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 Regular Growth is a Equity - Other mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 2 years, 11 months and 8 days, having been launched on 22-Feb-23.
As of 29-Jan-26, it has a Net Asset Value (NAV) of ₹16.33, Assets Under Management (AUM) of 2212.89 Crores, and an expense ratio of 2.05%.
  • Axis Business Cycles Fund Regular Growth has given a CAGR return of 18.19% since inception.
  • The fund's asset allocation comprises around 97.82% in equities, 0.00% in debts, and 2.17% in cash & cash equivalents.
  • You can start investing in Axis Business Cycles Fund Regular 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

+7.93%

(Cat Avg.)

Since Inception

+18.19%

(Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity2,164.61 Cr97.82%
Others47.98 Cr2.17%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity145.25 Cr6.56%
HDFC Bank LtdEquity89.24 Cr4.03%
Infosys LtdEquity77.38 Cr3.50%
Larsen & Toubro LtdEquity74.77 Cr3.38%
UltraTech Cement LtdEquity70.44 Cr3.18%
Bharti Airtel LtdEquity58.57 Cr2.65%
Kotak Mahindra Bank LtdEquity57.86 Cr2.61%
State Bank of IndiaEquity57.1 Cr2.58%
Shriram Finance LtdEquity54.95 Cr2.48%
Mahindra & Mahindra LtdEquity49.46 Cr2.24%
Clearing Corporation Of India LtdCash - Repurchase Agreement44.61 Cr2.02%
GE Vernova T&D India LtdEquity43.66 Cr1.97%
Hindustan Unilever LtdEquity39.18 Cr1.77%
Vedanta LtdEquity36.41 Cr1.65%
Jyoti CNC Automation LtdEquity35.97 Cr1.63%
HDFC Life Insurance Co LtdEquity35.27 Cr1.59%
Tata Consultancy Services LtdEquity35.11 Cr1.59%
Hindustan Copper LtdEquity34.31 Cr1.55%
PTC Industries LtdEquity34.04 Cr1.54%
RHI Magnesita India LtdEquity33.46 Cr1.51%
Vishal Mega Mart LtdEquity33.16 Cr1.50%
Cummins India LtdEquity31.06 Cr1.40%
Aether Industries LtdEquity31.01 Cr1.40%
BSE LtdEquity29.67 Cr1.34%
One97 Communications LtdEquity29.04 Cr1.31%
Mankind Pharma LtdEquity27.63 Cr1.25%
Hyundai Motor India LtdEquity27.46 Cr1.24%
CG Power & Industrial Solutions LtdEquity27.26 Cr1.23%
REC LtdEquity25.6 Cr1.16%
Endurance Technologies LtdEquity25.16 Cr1.14%
Max Healthcare Institute Ltd Ordinary SharesEquity24.71 Cr1.12%
City Union Bank LtdEquity23.42 Cr1.06%
Delhivery LtdEquity23.42 Cr1.06%
Bajaj Finserv LtdEquity22.79 Cr1.03%
Trent LtdEquity22.53 Cr1.02%
Ambuja Cements LtdEquity22.5 Cr1.02%
Solar Industries India LtdEquity22.01 Cr0.99%
Brigade Enterprises LtdEquity21.98 Cr0.99%
InterGlobe Aviation LtdEquity21.76 Cr0.98%
Info Edge (India) LtdEquity21.32 Cr0.96%
Eternal LtdEquity21.3 Cr0.96%
Titagarh Rail Systems LtdEquity20.79 Cr0.94%
Varun Beverages LtdEquity20.5 Cr0.93%
Torrent Pharmaceuticals LtdEquity20.05 Cr0.91%
RBL Bank LtdEquity19.86 Cr0.90%
Sona BLW Precision Forgings LtdEquity19.59 Cr0.89%
Ashok Leyland LtdEquity19.54 Cr0.88%
Jindal Steel LtdEquity19.37 Cr0.88%
L&T Finance LtdEquity19.23 Cr0.87%
Sun Pharmaceuticals Industries LtdEquity19.01 Cr0.86%
K.P.R. Mill LtdEquity18.56 Cr0.84%
CreditAccess Grameen Ltd Ordinary SharesEquity18.55 Cr0.84%
TVS Motor Co LtdEquity18.44 Cr0.83%
Jubilant Ingrevia Ltd Ordinary SharesEquity17.59 Cr0.79%
Tech Mahindra LtdEquity17.08 Cr0.77%
Tenneco Clean Air India LtdEquity15.65 Cr0.71%
Pine Labs LtdEquity14.77 Cr0.67%
Vijaya Diagnostic Centre LtdEquity14.55 Cr0.66%
Gujarat Fluorochemicals Ltd Ordinary SharesEquity13.77 Cr0.62%
Samvardhana Motherson International LtdEquity13.67 Cr0.62%
Arvind Fashions LtdEquity13.24 Cr0.60%
National Securities Depository LtdEquity12.68 Cr0.57%
Divi's Laboratories LtdEquity12.58 Cr0.57%
Cholamandalam Investment and Finance Co LtdEquity12.26 Cr0.55%
Anant Raj LtdEquity12.22 Cr0.55%
Bharat Heavy Electricals LtdEquity11.99 Cr0.54%
Gabriel India LtdEquity11.93 Cr0.54%
JK Cement LtdEquity11.82 Cr0.53%
Anthem Biosciences LtdEquity11.79 Cr0.53%
Hindalco Industries LtdEquity11.32 Cr0.51%
Reliance Industries LtdEquity11.3 Cr0.51%
Corona Remedies LtdEquity10.81 Cr0.49%
PI Industries LtdEquity10.42 Cr0.47%
Tata Capital LtdEquity10.32 Cr0.47%
TbillBond - Gov't/Treasury9.9 Cr0.45%
Aditya Birla Real Estate LtdEquity9.79 Cr0.44%
Tata Communications LtdEquity8.74 Cr0.40%
Jyothy Labs LtdEquity7.77 Cr0.35%
Crompton Greaves Consumer Electricals LtdEquity7.7 Cr0.35%
Net Receivables / (Payables)Cash - Collateral-6.53 Cr0.30%
Bharat Petroleum Corp LtdEquity6.07 Cr0.27%
Ceigall India LtdEquity4.29 Cr0.19%
Havells India LtdEquity3.11 Cr0.14%
Tata Power Co LtdEquity3.09 Cr0.14%
Siemens Energy India LtdEquity2.72 Cr0.12%
Tata Technologies LtdEquity2.11 Cr0.10%
ICICI Prudential Life Insurance Co LtdEquity1.93 Cr0.09%
P N Gadgil Jewellers LtdEquity1.73 Cr0.08%
LG Electronics India LtdEquity1.36 Cr0.06%
Tube Investments of India Ltd Ordinary SharesEquity1.02 Cr0.05%
Kwality Walls (India) LimitedEquity0.68 Cr0.03%
Tvs Motor Company LimitedPreferred Stock0.3 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

58.94%

Mid Cap Stocks

17.47%

Small Cap Stocks

21.39%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services636 Cr28.74%
Industrials386.15 Cr17.45%
Basic Materials300.97 Cr13.60%
Consumer Cyclical299.58 Cr13.54%
Technology176.84 Cr7.99%
Healthcare141.13 Cr6.38%
Communication Services88.63 Cr4.01%
Consumer Defensive67.46 Cr3.05%
Real Estate43.99 Cr1.99%
Energy17.37 Cr0.78%
Utilities5.81 Cr0.26%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

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 December 2025

ISIN
INF846K019N8
Expense Ratio
2.05%
Exit Load
1.00%
Fund Size
₹2,213 Cr
Age
2 years 11 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
Motilal Oswal Nifty MNC ETF

----
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

-0.0%--
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

-0.0%--
Groww Nifty PSE ETF

----
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

-1.0%--
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth

Very High Risk

-1.0%--
Mahindra Manulife Innovation Opportunities Fund Direct Growth

Very High Risk

-0.0%--
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

-0.0%--
Groww Nifty Chemicals ETF

Very High Risk

----
Diviniti Equity Long Short Fund Direct Growth

Very High Risk

-0.0%₹288.91 Cr-
Diviniti Equity Long Short Fund Regular Growth

Very High Risk

-0.0%₹288.91 Cr-
DSP MSCI INDIA ETF

Very High Risk

0.4%-₹7.77 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.3%0.0%₹907.29 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.9%0.0%₹907.29 Cr-
Altiva Hybrid Long-Short Fund Direct Growth

Low to Moderate Risk

-0.0%₹1306.26 Cr-
Magnum Hybrid Long Short Fund Regular Growth

Low to Moderate Risk

-0.0%₹2118.93 Cr-
Altiva Hybrid Long-Short Fund Regular Growth

Low to Moderate Risk

-0.0%₹1306.26 Cr-
Magnum Hybrid Long Short Fund Direct Growth

Low to Moderate Risk

-0.0%₹2118.93 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.3%1.0%₹877.10 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.2%1.0%₹877.10 Cr-
qsif Equity Long-Short Fund Direct Growth

Very High Risk

-1.0%--
qsif Equity Long-Short Fund Regular Growth

Very High Risk

-1.0%--
The Wealth Company Ethical Fund Direct Growth

Very High Risk

0.8%0.0%₹39.72 Cr-
The Wealth Company Ethical Fund Regular Growth

Very High Risk

2.3%0.0%₹39.72 Cr-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth

Very High Risk

0.6%1.0%₹769.73 Cr-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth

Very High Risk

2.3%1.0%₹769.73 Cr-
Motilal Oswal Nifty Alpha 50 ETF

Very High Risk

0.5%-₹5.64 Cr-
Kotak Active Momentum Fund Direct Growth

Very High Risk

0.8%0.0%₹1391.80 Cr-
Kotak Active Momentum Fund Regular Growth

Very High Risk

2.1%0.0%₹1391.80 Cr-
Motilal Oswal Special Opportunities Fund Direct Growth

Very High Risk

2.5%1.0%₹68.91 Cr-
Motilal Oswal Special Opportunities Fund Regular Growth

Very High Risk

2.6%1.0%₹68.91 Cr-
Bandhan Multi-Factor Fund Regular Growth

Very High Risk

2.4%0.0%₹588.87 Cr-
Bandhan Multi-Factor Fund Direct Growth

Very High Risk

0.8%0.0%₹588.87 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

0.9%1.0%₹1438.36 Cr-
ICICI Prudential Active Momentum Fund Regular Growth

Moderate Risk

2.1%1.0%₹1438.36 Cr-
Axis Services Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹1859.16 Cr-
Axis Services Opportunities Fund Regular Growth

Very High Risk

2.1%1.0%₹1859.16 Cr-
Nippon India MNC Fund Direct Growth

Very High Risk

1.2%1.0%₹440.65 Cr-
Nippon India MNC Fund Regular Growth

Very High Risk

2.5%1.0%₹440.65 Cr-
HDFC Innovation Fund Direct Growth

Very High Risk

0.7%1.0%₹2707.09 Cr-
HDFC Innovation Fund Regular Growth

Very High Risk

2.0%1.0%₹2707.09 Cr-
Mirae Asset Nifty India Internet ETF

Very High Risk

0.2%-₹18.35 Cr-
Motilal Oswal Nifty India Tourism ETF

Very High Risk

0.5%-₹4.71 Cr-
Motilal Oswal Nifty India Manufacturing ETF

Very High Risk

0.5%-₹1.92 Cr-
Motilal Oswal Services Fund Direct Growth

Very High Risk

1.5%1.0%₹97.55 Cr-
Motilal Oswal Services Fund Regular Growth

Very High Risk

2.5%1.0%₹97.55 Cr-
ICICI Prudential Quality Fund Direct Growth

Very High Risk

0.8%1.0%₹2316.38 Cr-
ICICI Prudential Quality Fund Regular Growth

Very High Risk

2.0%1.0%₹2316.38 Cr-
Motilal Oswal Nifty Capital Market ETF

Very High Risk

0.5%-₹108.91 Cr-
Axis Nifty500 Momentum 50 ETF

Very High Risk

----

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,67,109 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 BSE India Sector Leaders Index Fund Direct Growth

Very High Risk

-0.0%--
Axis Gold and Silver Passive FoF Direct Growth

Very High Risk

0.2%0.0%₹197.30 Cr-
Axis Multi-Asset Active FoF Direct Growth

Very High Risk

0.1%1.0%₹1359.75 Cr-
Axis Income Plus Arbitrage Passive Fund of Funds Direct Growth

Low to Moderate Risk

0.0%0.0%₹137.34 Cr-
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹304.87 Cr-
Axis Nifty500 Quality 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹73.44 Cr-
Axis Services Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹1859.16 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%₹121.68 Cr-
Axis CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹54.80 Cr7.9%
Axis Momentum Fund Direct Growth

Very High Risk

0.6%1.0%₹1198.15 Cr6.0%
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹22.52 Cr7.9%
Axis Nifty500 Value 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹112.92 Cr28.2%
Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1879.29 Cr8.0%
Axis Consumption Fund Direct Growth

Very High Risk

0.6%1.0%₹3497.59 Cr2.9%
Axis Nifty 500 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹312.93 Cr9.9%
Axis Nifty Bank Index Fund Direct Growth

Very High Risk

0.2%0.0%₹149.48 Cr22.7%
Axis CRISIL IBX SDL June 2034 Debt Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹8.30 Cr5.2%
Axis S&P BSE Sensex Index Fund Direct Growth

Very High Risk

0.1%0.0%₹46.30 Cr9.1%
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%₹37.44 Cr13.5%
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.5%1.0%₹5128.31 Cr10.9%
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 Cr7.4%
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 Cr6.9%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹67.89 Cr7.4%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13573.62 Cr7.0%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.8%1.0%₹1440.53 Cr27.1%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹549.76 Cr3.4%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹13025.69 Cr7.1%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹20781.21 Cr7.3%
Axis Equity Hybrid Fund Direct Growth

High Risk

1.1%1.0%₹1549.57 Cr8.0%
Axis Special Situations Fund Direct Growth

Very High Risk

1.3%1.0%₹1196.33 Cr8.5%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹9435.82 Cr7.7%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹1204.47 Cr5.4%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹8400.40 Cr6.9%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.5%1.0%₹1841.16 Cr56.4%
Axis Value Fund Direct Growth

Very High Risk

0.7%1.0%₹1372.33 Cr12.3%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderate Risk

0.1%0.0%₹2268.28 Cr7.5%
Axis Quant Fund Direct Growth

Very High Risk

0.7%1.0%₹914.38 Cr7.6%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹686.47 Cr4.8%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹33555.82 Cr7.9%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1174.68 Cr6.5%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹2166.98 Cr115.7%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹11971.70 Cr5.4%
Axis Regular Saver Fund Direct Growth

Very High Risk

1.1%1.0%₹234.68 Cr7.0%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.7%1.0%₹2058.74 Cr8.3%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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The NAV of Axis Business Cycles Fund Regular Growth, as of 29-Jan-2026, is ₹16.33.
The fund's allocation of assets is distributed as 97.82% in equities, 0.00% in bonds, and 2.17% in cash and cash equivalents.
The fund managers responsible for Axis Business Cycles Fund Regular Growth are:-
  1. Ashish Naik
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