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AX
Axis Business Cycles Fund Direct Growth
INF846K016N4 Axis Asset Management Co. LTd Equity Growth
Latest NAV
₹17.2100
+1.65% 1Y
as of 01 Oct 2026
Sign In to Add to Portfolio Benchmark: Nifty 500 TRI
Expense ratio
1.62%
AUM
₹2,168 Cr
Min SIP
₹100
Min lump sum
₹100
1Y
+1.65%
3Y (ann.)
+12.24%
5Y (ann.)
+0.00%
Launched
Feb 2023
Where the NAV sits & how risky it is
₹17.21
52-week range at 64%
₹17.21
Low 30 Mar 2026₹15.10
High 26 Aug 2026₹18.42
Risk level Very High
Low
Very high
NAV history
27 Feb 2023 Since inception 01 Oct 2026
Returns by period
1W
-2.71%
1M
-5.80%
3M
-1.21%
6M
+11.68%
1Y
+1.65%
3Y
+12.24%
5Y
+0.00%

3Y and 5Y returns are annualised.

Return calculator
You invest
—
Est. gain
—
Est. value
—
Invested Gain
Invested Projected value min SIP ₹100

Estimate only. It assumes the selected past return repeats every year; 3Y and 5Y figures are taken as annualised. Actual returns vary and are not guaranteed.

Where your money goes AS OF 31 MAY 2026
Equity 96.52% Cash & other 3.48%
Sector split
Financial Services 25.04%
Industrials 17.44%
Basic Materials 16.09%
Consumer Cyclical 15.76%
Technology 5.72%
Healthcare 5.08%
Energy 3.37%
Consumer Defensive 2.53%
Communication Services 2.35%
Utilities 1.99%
Real Estate 1.14%
NA 0.00%
Country split
India 96.52%
Top 5 hold 16.8% Top 10 hold 28.9% 83 equity holdings
Equity holdings (top 30)
#HoldingSector CountryWeight YTD
1 Larsen & Toubro
INE018A01030
 Industrials
Engineering & Construction
 India
4.08%
+4.19%
2 Axis Bank
INE238A01034
 Financial Services
Banks - Regional
 India
3.54%
+8.49%
3 ICICI Bank
INE090A01021
 Financial Services
Banks - Regional
 India
3.38%
+3.32%
4 HDFC Bank
INE040A01034
 Financial Services
Banks - Regional
 India
3.08%
-18.35%
5 Grasim Industries
INE047A01021
 Basic Materials
Building Materials
 India
2.70%
+10.52%
6 Kotak Bank
INE237A01036
 Financial Services
Banks - Regional
 India
2.62%
-7.09%
7 Mahindra & Mahindra
INE101A01026
 Consumer Cyclical
Auto Manufacturers
 India
2.51%
-14.21%
8 Bharti Airtel
INE397D01024
 Communication Services
Telecom Services
 India
2.35%
-12.11%
9 Eternal
INE758T01015
 Consumer Cyclical
Internet Retail
 India
2.34%
-8.24%
10 BSE
INE118H01025
 Financial Services
Financial Data & Stock Exchanges
 India
2.27%
+47.11%
11 Reliance Industries
INE002A01018
 Energy
Oil & Gas Refining & Marketing
 India
2.27%
-15.68%
12 Indusind Bank
INE095A01012
 Financial Services
Banks - Regional
 India
2.22%
+6.51%
13 Cummins
INE298A01020
 Industrials
Specialty Industrial Machinery
 India
2.00%
+27.68%
14 NTPC
INE733E01010
 Utilities
Utilities - Regulated Electric
 India
1.99%
+7.66%
15 Aether Industries
INE0BWX01014
 Basic Materials
Specialty Chemicals
 India
1.89%
+54.06%
16 One 97 Communications
INE982J01020
 Technology
Software - Infrastructure
 India
1.77%
-13.40%
17 Bharat Heavy Electricals
INE257A01026
 Industrials
Specialty Industrial Machinery
 India
1.75%
+40.09%
18 Jindal Steel
INE749A01030
 Basic Materials
Steel
 India
1.65%
+0.54%
19 Solar Industries
INE343H01029
 Basic Materials
Specialty Chemicals
 India
1.59%
+42.25%
20 CG Power & Industrial Solutions
INE067A01029
 Industrials
Electrical Equipment & Parts
 India
1.51%
+45.61%
21 PTC Industries
INE596F01018
 Industrials
Metal Fabrication
 India
1.47%
-6.05%
22 Aarti Industries
INE769A01020
 Basic Materials
Specialty Chemicals
 India
1.46%
+24.65%
23 Mankind Pharma
INE634S01028
 Healthcare
Drug Manufacturers - Specialty & Generic
 India
1.45%
+12.10%
24 Vishal Mega Mart
INE01EA01019
 Consumer Cyclical
Department Stores
 India
1.44%
-14.65%
25 Credit Access Grameen
INE741K01010
 Financial Services
Credit Services
 India
1.39%
+14.82%
26 Delhivery
INE148O01028
 Industrials
Integrated Freight & Logistics
 India
1.27%
+15.09%
27 Asian Paints
INE021A01026
 Basic Materials
Specialty Chemicals
 India
1.21%
-3.66%
28 Sona BLW Precision Forgings
INE073K01018
 Consumer Cyclical
Auto Parts
 India
1.20%
+29.88%
29 Anthem Biosciences
INE0CZ201020
 Healthcare
Biotechnology
 India
1.19%
+17.22%
30 Hyundai Motor India
INE0V6F01027
 Consumer Cyclical
Auto Manufacturers
 India
1.12%
-14.30%
About this scheme

To provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund manager(s): Ashish Naik

Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.

Scheme snapshot
VR Rating
MS Rating
Plan
Growth
Type
DIRECT
Inception
22 Feb 2023
Lump-sum min
₹100
SIP Purchase Switch STP SWP
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