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Axis Business Cycles Fund Direct-growth
Large Cap
Very High Risk
Latest AUM
₹ 2,088.6 Cr.
NAV as on 03 aug, 2026
₹ 18.11
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Axis Business Cycles Fund Direct-growth
Inception Date
22 Feb 2023
Lock In
No Lock-in
SIP Minimum Investment amount
₹100
SWP Minimum Investment amount
₹1000
STP Minimum Investment amount
₹1000
Risk
Principal at very high risk
Portfolio Composition Analysis
Equity
97.29%
Debt
1.30%
Cash
1.41%
Portfolio Updated on: 10 Jul, 2026
Sector Allocations
Equity
Debt
Financial
Industrials
Materials
Technology
Consumer Discretionary
Consumer Staples
Healthcare
Energy & Utilities
Real Estate
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 7.32% |
| ICICI Bank Ltd | Financial | Equity | 7.19% |
| ICICI Bank Ltd | Financial | Equity | 6.47% |
| ICICI Bank Ltd | Financial | Equity | 6.56% |
| ICICI Bank Ltd | Financial | Equity | 6.29% |
| ICICI Bank Ltd | Financial | Equity | 6.16% |
| ICICI Bank Ltd | Financial | Equity | 6.16% |
| ICICI Bank Ltd | Financial | Equity | 6.25% |
| ICICI Bank Ltd | Financial | Equity | 6.25% |
| HDFC Bank Ltd | Financial | Equity | 4.88% |
Debt & Credit Risk Analysis
| Alpha | 2.21% |
| Beta | 1.01% |
| R2 | 0.96% |
| Sharpe Ratio | 0.57% |
| Standard Deviation | 15.76% |
| Sortino Ratio | 0.69% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 7.35% | NA | NA |
| 6 Months | 5.41% | NA | NA |
| 9 Months | 3.72% | NA | NA |
| 1 Year | 7.25% | 7.25% | NA |
| 2 Years | 8.24% | 4.04% | NA |
| 3 Years | 54.48% | 15.60% | NA |
Launched on 22 Feb 2023, the fund aims Capital appreciation over long term. An equity scheme investing in equity & equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. It manages assets worth ₹2,088.6 crore as on Tue Jun 30, 2026. The expense ratio stands at 1.61%.
Ashish Naik has experience Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund Direct-growth | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund-growth | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| ICICI Prudential Business Cycle Fund-idcw | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| HSBC Business Cycles Fund Direct-growth | 1,182.7 | +1.48% | +4.44% | +7.31% | +3.11% | +17.09% | +16.29% |
| HSBC Business Cycles Fund Direct-idcw | 1,182.7 | +1.48% | +4.44% | +7.31% | +3.11% | +17.09% | +16.29% |
| HSBC Business Cycles Fund Regular-growth | 1,182.7 | +1.38% | +4.12% | +6.67% | +1.90% | +15.79% | +15.01% |
| HSBC Business Cycles Fund Regular-idcw | 1,182.7 | +1.38% | +4.12% | +6.67% | +1.90% | +15.79% | +15.01% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Axis Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Axis Business Cycles Fund Regular-growth | 2,088.6 | +3.04% | +7.05% | +4.85% | +6.03% | +14.13% | — |
| Axis Business Cycles Fund Regular-idcw | 2,088.6 | +3.04% | +7.05% | +4.85% | +6.03% | +14.13% | — |
| Axis Business Cycles Fund Direct-idcw | 2,088.6 | +3.13% | +7.35% | +5.41% | +7.25% | +15.60% | — |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund Direct-growth | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund-growth | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund-idcw | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| Kotak Business Cycle Fund Direct-growth | 3,302.3 | +2.18% | +10.52% | +8.72% | +10.22% | +17.83% | — |
| Kotak Business Cycle Fund Regular-growth | 3,302.3 | +2.07% | +10.14% | +8.02% | +8.77% | +16.16% | — |
| Kotak Business Cycle Fund Direct-idcw | 3,302.3 | +2.18% | +10.52% | +8.72% | +10.22% | +17.83% | — |
| Kotak Business Cycle Fund Regular-idcw | 3,302.3 | +2.07% | +10.14% | +8.02% | +8.77% | +16.16% | — |
| HDFC Business Cycle Fund Regular-growth | 2,703.4 | +1.53% | +8.80% | +6.30% | +5.53% | +11.70% | — |
| HDFC Business Cycle Fund Direct-growth | 2,703.4 | +1.62% | +9.09% | +6.83% | +6.66% | +13.01% | — |
Top funds are based on Fund AUM
Top Funds
| Fund name | ||||
|---|---|---|---|---|
| Icici Prudential Business Cycle Fund Direct-growth | ₹26.59 | +16.71% | +17.76% | — |
| Icici Prudential Business Cycle Fund Direct-idcw | ₹19.36 | +16.71% | +17.76% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.93 | +15.58% | +16.45% | — |
| Icici Prudential Business Cycle Fund-idcw | ₹17.82 | +15.58% | +16.45% | — |
| Hsbc Business Cycles Fund Direct-growth | ₹48.44 | +17.09% | +16.29% | — |
| Hsbc Business Cycles Fund Direct-idcw | ₹27.92 | +17.09% | +16.29% | — |
| Hsbc Business Cycles Fund Regular-growth | ₹43.48 | +15.79% | +15.01% | — |
| Hsbc Business Cycles Fund Regular-idcw | ₹25.20 | +15.79% | +15.01% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹18.11 |
| 31 Jul 2026 | ₹17.81 |
| 30 Jul 2026 | ₹17.71 |
| 29 Jul 2026 | ₹17.69 |
| 28 Jul 2026 | ₹17.55 |
| 27 Jul 2026 | ₹17.54 |
| 24 Jul 2026 | ₹17.32 |
| 23 Jul 2026 | ₹17.39 |
| 22 Jul 2026 | ₹17.51 |
| 21 Jul 2026 | ₹17.71 |
| 20 Jul 2026 | ₹17.65 |
| 17 Jul 2026 | ₹17.65 |
| 16 Jul 2026 | ₹17.61 |
| 15 Jul 2026 | ₹17.62 |
| 14 Jul 2026 | ₹17.55 |
| 13 Jul 2026 | ₹17.70 |
| 10 Jul 2026 | ₹17.72 |
| 09 Jul 2026 | ₹17.49 |
| 08 Jul 2026 | ₹17.30 |
| 07 Jul 2026 | ₹17.62 |
| 06 Jul 2026 | ₹17.68 |
| 03 Jul 2026 | ₹17.56 |
| 02 Jul 2026 | ₹17.56 |
| 01 Jul 2026 | ₹17.42 |
| 30 Jun 2026 | ₹17.29 |
| 29 Jun 2026 | ₹17.24 |
| 25 Jun 2026 | ₹17.32 |
| 24 Jun 2026 | ₹17.37 |
| 23 Jun 2026 | ₹17.24 |
| 22 Jun 2026 | ₹17.42 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹2,088.6 Cr
Since Launch
This Fund
Category Average
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Axis Business Cycles Fund Direct-growth Returns Comparison
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Axis Business Cycles Fund Direct-growth FAQ'S
- Sharpe Ratio: 0.57%
- Standard Deviation: 15.76%
- Beta: 1.01%
- Alpha: 2.21%
- R-squared: 0.96%
- Information Ratio: 0.73%
- Sortino Ratio: 0.69%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Axis Business Cycles Fund Direct-growth stand at approximately ₹ 2,088.6 crore.
The Axis Business Cycles Fund Direct-growth has delivered the following short-term performance:
- 3 Months Return: 7.35%
- 6 Months Return: 5.41%
The historical growth of the Axis Business Cycles Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 15.60%
- Return Since Launch: 18.80%
The portfolio of Axis Business Cycles Fund Direct-growth is distributed across different asset classes as follows:
- Equity: 97.29%
- Debt Instruments: 1.30%
- Other Assets: 1.41%
The Axis Business Cycles Fund Direct-growth is managed by Ashish Naik, representing Axis Mutual Fund.
The Axis Business Cycles Fund Direct-growth investments are allocated across market caps in the following manner:
- Large Cap Stocks: 55.14%
- Mid Cap Stocks: 21.11%
- Small Cap Stocks: 23.76%
Top stock holdings of Axis Business Cycles Fund Direct-growth include:
- ICICI Bank Ltd – represents 7.32% of the portfolio
- ICICI Bank Ltd – represents 7.19% of the portfolio
- ICICI Bank Ltd – represents 6.47% of the portfolio
- ICICI Bank Ltd – represents 6.56% of the portfolio
- ICICI Bank Ltd – represents 6.29% of the portfolio
- ICICI Bank Ltd – represents 6.16% of the portfolio
- ICICI Bank Ltd – represents 6.16% of the portfolio
- ICICI Bank Ltd – represents 6.25% of the portfolio
- ICICI Bank Ltd – represents 6.25% of the portfolio
- HDFC Bank Ltd – represents 4.88% of the portfolio
Major sector exposures in Axis Business Cycles Fund Direct-growth are:
- Financial – accounts for 305.61% of the portfolio
- Industrials – accounts for 188.56% of the portfolio
- Materials – accounts for 142.04% of the portfolio
- Technology – accounts for 107.48% of the portfolio
- Consumer Discretionary – accounts for 69.02% of the portfolio
