Axis Business Cycles Fund Regular Growth
EquityEquity - OtherVery High Risk
Regular
NAV (18-Jun-25)
₹16.20-0.25%1D
Returns (Since Inception)
23.13%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹2,404 Cr
Expense Ratio
1.99%
ISIN
INF846K019N8
Minimum SIP
₹100
Exit Load
1.00%
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, 3 months and 28 days, having been launched on 22-Feb-23.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹16.20, Assets Under Management (AUM) of 2404.24 Crores, and an expense ratio of 1.99%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹16.20, Assets Under Management (AUM) of 2404.24 Crores, and an expense ratio of 1.99%.
- Axis Business Cycles Fund Regular Growth has given a CAGR return of 23.13% since inception.
- The fund's asset allocation comprises around 97.20% in equities, 0.00% in debts, and 2.80% 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
+2.60%
— (Cat Avg.)
Since Inception
+23.13%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹2,336.97 Cr | 97.20% |
| Others | ₹67.27 Cr | 2.80% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹161.87 Cr | 6.73% |
| ICICI Bank Ltd | Equity | ₹152.13 Cr | 6.33% |
| Reliance Industries Ltd | Equity | ₹98.17 Cr | 4.08% |
| Bharti Airtel Ltd | Equity | ₹76.97 Cr | 3.20% |
| UltraTech Cement Ltd | Equity | ₹69.13 Cr | 2.88% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹68.84 Cr | 2.86% |
| Larsen & Toubro Ltd | Equity | ₹61.68 Cr | 2.57% |
| InterGlobe Aviation Ltd | Equity | ₹50.85 Cr | 2.11% |
| Mahindra & Mahindra Ltd | Equity | ₹49.65 Cr | 2.07% |
| Jyoti CNC Automation Ltd | Equity | ₹47.11 Cr | 1.96% |
| Tata Consultancy Services Ltd | Equity | ₹45.58 Cr | 1.90% |
| GE Vernova T&D India Ltd | Equity | ₹44.83 Cr | 1.86% |
| Infosys Ltd | Equity | ₹43.36 Cr | 1.80% |
| Kotak Mahindra Bank Ltd | Equity | ₹43.06 Cr | 1.79% |
| State Bank of India | Equity | ₹40.59 Cr | 1.69% |
| RHI Magnesita India Ltd | Equity | ₹39.39 Cr | 1.64% |
| REC Ltd | Equity | ₹37.4 Cr | 1.56% |
| HDFC Life Insurance Co Ltd | Equity | ₹36.54 Cr | 1.52% |
| Hindustan Unilever Ltd | Equity | ₹36.36 Cr | 1.51% |
| Delhivery Ltd | Equity | ₹34.81 Cr | 1.45% |
| Bharat Electronics Ltd | Equity | ₹33.77 Cr | 1.40% |
| DLF Ltd | Equity | ₹32.03 Cr | 1.33% |
| ITC Ltd | Equity | ₹31.93 Cr | 1.33% |
| Mankind Pharma Ltd | Equity | ₹31.05 Cr | 1.29% |
| Apar Industries Ltd | Equity | ₹30.11 Cr | 1.25% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹28.08 Cr | 1.17% |
| Larsen & Toubro Limited June 2025 Future | Equity - Future | ₹27.42 Cr | 1.14% |
| Brigade Enterprises Ltd | Equity | ₹27.18 Cr | 1.13% |
| Vishal Mega Mart Ltd | Equity | ₹26.9 Cr | 1.12% |
| Aether Industries Ltd | Equity | ₹26.87 Cr | 1.12% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-26.34 Cr | 1.10% |
| Sona BLW Precision Forgings Ltd | Equity | ₹25.54 Cr | 1.06% |
| Minda Corp Ltd | Equity | ₹25.39 Cr | 1.06% |
| K.P.R. Mill Ltd | Equity | ₹25.3 Cr | 1.05% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.77 Cr | 1.03% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹24.36 Cr | 1.01% |
| Solar Industries India Ltd | Equity | ₹23.38 Cr | 0.97% |
| Tata Power Co Ltd | Equity | ₹22.52 Cr | 0.94% |
| Ambuja Cements Ltd | Equity | ₹22.38 Cr | 0.93% |
| Eternal Ltd | Equity | ₹21.92 Cr | 0.91% |
| Emcure Pharmaceuticals Ltd | Equity | ₹21.89 Cr | 0.91% |
| KEI Industries Ltd | Equity | ₹20.8 Cr | 0.87% |
| Titagarh Rail Systems Ltd | Equity | ₹20.78 Cr | 0.86% |
| TVS Motor Co Ltd | Equity | ₹20.39 Cr | 0.85% |
| LTIMindtree Ltd | Equity | ₹20.28 Cr | 0.84% |
| Hindalco Industries Ltd | Equity | ₹20.21 Cr | 0.84% |
| BSE Ltd | Equity | ₹20.06 Cr | 0.83% |
| Indian Bank | Equity | ₹19.09 Cr | 0.79% |
| OneSource Specialty Pharma Ltd | Equity | ₹18.83 Cr | 0.78% |
| CG Power & Industrial Solutions Ltd | Equity | ₹18.76 Cr | 0.78% |
| Godrej Agrovet Ltd Ordinary Shares | Equity | ₹17.85 Cr | 0.74% |
| Sudarshan Chemical Industries Ltd | Equity | ₹17.73 Cr | 0.74% |
| Varun Beverages Ltd | Equity | ₹17.61 Cr | 0.73% |
| Tata Technologies Ltd | Equity | ₹17.55 Cr | 0.73% |
| Swiggy Ltd | Equity | ₹17.1 Cr | 0.71% |
| Samvardhana Motherson International Ltd | Equity | ₹16.63 Cr | 0.69% |
| Premier Energies Ltd | Equity | ₹16.48 Cr | 0.69% |
| Fortis Healthcare Ltd | Equity | ₹16.34 Cr | 0.68% |
| NTPC Ltd | Equity | ₹16.18 Cr | 0.67% |
| Life Insurance Corporation of India | Equity | ₹16.08 Cr | 0.67% |
| Cipla Ltd | Equity | ₹15.5 Cr | 0.64% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹14.9 Cr | 0.62% |
| Trent Ltd | Equity | ₹14.47 Cr | 0.60% |
| Coal India Ltd | Equity | ₹13.91 Cr | 0.58% |
| Bharat Petroleum Corp Ltd | Equity | ₹13.77 Cr | 0.57% |
| Karur Vysya Bank Ltd | Equity | ₹13.65 Cr | 0.57% |
| Kaynes Technology India Ltd | Equity | ₹13.42 Cr | 0.56% |
| Shriram Finance Ltd | Equity | ₹13.17 Cr | 0.55% |
| Vijaya Diagnostic Centre Ltd | Equity | ₹13.11 Cr | 0.55% |
| Aditya Birla Real Estate Ltd | Equity | ₹12.73 Cr | 0.53% |
| Titan Co Ltd | Equity | ₹12.51 Cr | 0.52% |
| Arvind Fashions Ltd | Equity | ₹12.21 Cr | 0.51% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹11.98 Cr | 0.50% |
| Britannia Industries Ltd | Equity | ₹11.76 Cr | 0.49% |
| PTC Industries Ltd | Equity | ₹11.6 Cr | 0.48% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹10.77 Cr | 0.45% |
| Adani Energy Solutions Ltd | Equity | ₹10.66 Cr | 0.44% |
| Infosys Limited June 2025 Future | Equity - Future | ₹10.35 Cr | 0.43% |
| Ajax Engineering Ltd | Equity | ₹10.35 Cr | 0.43% |
| Graphite India Ltd | Equity | ₹9.66 Cr | 0.40% |
| Jyothy Labs Ltd | Equity | ₹9.49 Cr | 0.39% |
| Aarti Industries Ltd | Equity | ₹9.39 Cr | 0.39% |
| Dhanuka Agritech Ltd | Equity | ₹9.14 Cr | 0.38% |
| City Union Bank Ltd | Equity | ₹8.72 Cr | 0.36% |
| Kotak Mahindra Bank Limited June 2025 Future | Equity - Future | ₹-8.35 Cr | 0.35% |
| Havells India Ltd | Equity | ₹8.32 Cr | 0.35% |
| PG Electroplast Ltd | Equity | ₹7.62 Cr | 0.32% |
| P N Gadgil Jewellers Ltd | Equity | ₹5.49 Cr | 0.23% |
| Ceigall India Ltd | Equity | ₹3.99 Cr | 0.17% |
| Nifty 25000 Put June 2025 Option | Equity Index - Option (Put) | ₹1.77 Cr | 0.07% |
| Tata Motors Limited 680 Call June 2025 Option | Equity | ₹1.36 Cr | 0.06% |
| Hcl Technologies Limited 1600 Call June 2025 Option | Equity | ₹1.15 Cr | 0.05% |
| Grasim Industries Ltd | Equity | ₹1 Cr | 0.04% |
| Jsw Steel Limited 1020 Call June 2025 Option | Equity | ₹0.47 Cr | 0.02% |
| Power Grid Corporation Of India Limited 295 Call June 2025 Option | Equity | ₹0.36 Cr | 0.02% |
| Ntpc Limited 345 Call June 2025 Option | Equity | ₹0.32 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
61.94%
Mid Cap Stocks
12.71%
Small Cap Stocks
19.89%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹613.61 Cr | 25.52% |
| Industrials | ₹460.22 Cr | 19.14% |
| Consumer Cyclical | ₹284.26 Cr | 11.82% |
| Basic Materials | ₹211.95 Cr | 8.82% |
| Technology | ₹150.87 Cr | 6.28% |
| Healthcare | ₹144.8 Cr | 6.02% |
| Energy | ₹125.85 Cr | 5.23% |
| Consumer Defensive | ₹125 Cr | 5.20% |
| Communication Services | ₹76.97 Cr | 3.20% |
| Real Estate | ₹59.21 Cr | 2.46% |
| Utilities | ₹49.37 Cr | 2.05% |
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
Since February 2023
Additional Scheme Detailsas of 31st May 2025
ISIN | INF846K019N8 | Expense Ratio | 1.99% | Exit Load | 1.00% | Fund Size | ₹2,404 Cr | Age | 2 years 3 months | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Motilal Oswal Nifty India Tourism ETF Very High Risk | - | - | - | - |
| Motilal Oswal Nifty India Manufacturing ETF Very High Risk | - | - | ₹5.27 Cr | - |
| Motilal Oswal Services Fund Direct Growth Very High Risk | - | 1.0% | - | - |
| Motilal Oswal Services Fund Regular Growth Very High Risk | - | 1.0% | - | - |
| ICICI Prudential Quality Fund Direct Growth Very High Risk | - | 1.0% | ₹1801.45 Cr | - |
| ICICI Prudential Quality Fund Regular Growth Very High Risk | - | 1.0% | ₹1801.45 Cr | - |
| Motilal Oswal Nifty Capital Market ETF Very High Risk | 0.3% | - | ₹4.63 Cr | - |
| Mirae Asset BSE Select IPO ETF Very High Risk | 0.2% | - | ₹18.06 Cr | - |
| Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth Very High Risk | 0.9% | 0.0% | ₹9.66 Cr | - |
| Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk | 0.2% | 0.0% | ₹9.66 Cr | - |
About the AMC
Total AUM
₹3,22,563 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of Axis Business Cycles Fund Regular Growth?
The NAV of Axis Business Cycles Fund Regular Growth, as of 18-Jun-2025, is ₹16.20.
What is the portfolio composition of Axis Business Cycles Fund Regular Growth?
The fund's allocation of assets is distributed as 97.20% in equities, 0.00% in bonds, and 2.80% in cash and cash equivalents.
Who manages the Axis Business Cycles Fund Regular Growth?
The fund managers responsible for Axis Business Cycles Fund Regular Growth are:-
- Ashish Naik
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.