Axis Business Cycles Fund Direct Growth

Fund Overview

Fund Size

₹2,540 Cr

Expense Ratio

0.66%

ISIN

INF846K016N4

Minimum SIP

₹100

Exit Load

1.00%

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 1 years, 10 months and 29 days, having been launched on 22-Feb-23.
As of 17-Jan-25, it has a Net Asset Value (NAV) of ₹15.95, Assets Under Management (AUM) of 2540.13 Crores, and an expense ratio of 0.66%.

Axis Business Cycles Fund Direct Growth has given a CAGR return of 27.81% 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 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

+17.11%

— (Cat Avg.)

Since Inception

+27.81%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2024

Equity	₹2,469.02 Cr	97.20%
Others	₹71.11 Cr	2.80%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹146.09 Cr	5.75%
ICICI Bank Ltd	Equity	₹140.3 Cr	5.52%
Larsen & Toubro Ltd	Equity	₹74.89 Cr	2.95%
Bharti Airtel Ltd	Equity	₹71.85 Cr	2.83%
UltraTech Cement Ltd	Equity	₹70.46 Cr	2.77%
InterGlobe Aviation Ltd	Equity	₹64.99 Cr	2.56%
Infosys Ltd	Equity	₹58.08 Cr	2.29%
Tata Consultancy Services Ltd	Equity	₹57.99 Cr	2.28%
Reliance Industries Ltd	Equity	₹54.18 Cr	2.13%
Mahindra & Mahindra Ltd	Equity	₹51.02 Cr	2.01%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹50.28 Cr	1.98%
Jyoti CNC Automation Ltd	Equity	₹49.11 Cr	1.93%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹45.34 Cr	1.78%
RHI Magnesita India Ltd	Equity	₹42.98 Cr	1.69%
GE Vernova T&D India Ltd	Equity	₹41.52 Cr	1.63%
Hindustan Unilever Ltd	Equity	₹41.49 Cr	1.63%
REC Ltd	Equity	₹39.22 Cr	1.54%
State Bank of India	Equity	₹38.47 Cr	1.51%
ITC Ltd	Equity	₹36.94 Cr	1.45%
Mankind Pharma Ltd	Equity	₹36.24 Cr	1.43%
Kaynes Technology India Ltd	Equity	₹36.22 Cr	1.43%
Apar Industries Ltd	Equity	₹35.97 Cr	1.42%
HDFC Life Insurance Co Ltd	Equity	₹35.84 Cr	1.41%
Delhivery Ltd	Equity	₹33.66 Cr	1.33%
DLF Ltd	Equity	₹33.11 Cr	1.30%
Brigade Enterprises Ltd	Equity	₹33.05 Cr	1.30%
Aether Industries Ltd	Equity	₹31.98 Cr	1.26%
Sun Pharmaceuticals Industries Ltd	Equity	₹29.24 Cr	1.15%
Fortis Healthcare Ltd	Equity	₹28.88 Cr	1.14%
Net Receivables / (Payables)	Cash	₹-28.78 Cr	1.13%
Bharat Electronics Ltd	Equity	₹28.66 Cr	1.13%
Swiggy Ltd	Equity	₹27.76 Cr	1.09%
Sona BLW Precision Forgings Ltd	Equity	₹27.03 Cr	1.06%
Godrej Agrovet Ltd Ordinary Shares	Equity	₹26.2 Cr	1.03%
Jindal Stainless Ltd	Equity	₹25.95 Cr	1.02%
Zomato Ltd	Equity	₹25.58 Cr	1.01%
KEI Industries Ltd	Equity	₹25.56 Cr	1.01%
91 DTB 03012025	Bond - Gov't/Treasury	₹24.99 Cr	0.98%
91 DTB 28032025	Bond - Gov't/Treasury	₹24.63 Cr	0.97%
Minda Corp Ltd	Equity	₹24.39 Cr	0.96%
Cholamandalam Financial Holdings Ltd	Equity	₹23.97 Cr	0.94%
Emcure Pharmaceuticals Ltd	Equity	₹23.81 Cr	0.94%
Varun Beverages Ltd	Equity	₹23.62 Cr	0.93%
K.P.R. Mill Ltd	Equity	₹23.44 Cr	0.92%
Hindalco Industries Ltd	Equity	₹23.19 Cr	0.91%
Tata Power Co Ltd	Equity	₹22.5 Cr	0.89%
Cipla Ltd	Equity	₹22.44 Cr	0.88%
LTIMindtree Ltd	Equity	₹22.34 Cr	0.88%
Dabur India Ltd	Equity	₹22.11 Cr	0.87%
Ambuja Cements Ltd	Equity	₹21.67 Cr	0.85%
Trent Ltd	Equity	₹21.37 Cr	0.84%
Eicher Motors Ltd	Equity	₹20.96 Cr	0.83%
Solar Industries India Ltd	Equity	₹20.66 Cr	0.81%
Tech Mahindra Ltd	Equity	₹20.52 Cr	0.81%
Tata Technologies Ltd	Equity	₹20.23 Cr	0.80%
Karur Vysya Bank Ltd	Equity	₹19.78 Cr	0.78%
Titagarh Rail Systems Ltd	Equity	₹19.67 Cr	0.77%
Kotak Mahindra Bank Ltd	Equity	₹19.21 Cr	0.76%
Bharat Petroleum Corp Ltd	Equity	₹18.37 Cr	0.72%
TVS Motor Co Ltd	Equity	₹17.37 Cr	0.68%
Sudarshan Chemical Industries Ltd	Equity	₹17.18 Cr	0.68%
United Spirits Ltd	Equity	₹17.07 Cr	0.67%
Premier Energies Ltd	Equity	₹16.77 Cr	0.66%
Indian Bank	Equity	₹16.41 Cr	0.65%
Onesource Specialty Pharma Limited **	Equity	₹15.72 Cr	0.62%
Aditya Birla Real Estate Ltd	Equity	₹15.06 Cr	0.59%
Life Insurance Corporation of India	Equity	₹15.03 Cr	0.59%
ICICI Prudential Life Insurance Co Ltd	Equity	₹14.73 Cr	0.58%
Vijaya Diagnostic Centre Ltd	Equity	₹14.49 Cr	0.57%
Gujarat Fluorochemicals Ltd Ordinary Shares	Equity	₹14.26 Cr	0.56%
Arvind Fashions Ltd	Equity	₹13.63 Cr	0.54%
JSW Steel Ltd	Equity	₹13.52 Cr	0.53%
Coal India Ltd	Equity	₹13.45 Cr	0.53%
Strides Pharma Science Ltd	Equity	₹12.92 Cr	0.51%
Chalet Hotels Ltd	Equity	₹12.29 Cr	0.48%
Marico Ltd	Equity	₹12.22 Cr	0.48%
Crompton Greaves Consumer Electricals Ltd	Equity	₹12.08 Cr	0.48%
Schaeffler India Ltd	Equity	₹12.03 Cr	0.47%
City Union Bank Ltd	Equity	₹11.19 Cr	0.44%
Samvardhana Motherson International Ltd	Equity	₹11.1 Cr	0.44%
Jyothy Labs Ltd	Equity	₹10.92 Cr	0.43%
Britannia Industries Ltd	Equity	₹10.17 Cr	0.40%
Adani Energy Solutions Ltd	Equity	₹9.91 Cr	0.39%
PG Electroplast Ltd	Equity	₹9.69 Cr	0.38%
Havells India Ltd	Equity	₹9.13 Cr	0.36%
Dhanuka Agritech Ltd	Equity	₹8.18 Cr	0.32%
Graphite India Ltd	Equity	₹7.55 Cr	0.30%
P N Gadgil Jewellers Ltd	Equity	₹6.65 Cr	0.26%
Vishal Mega Mart Ltd	Equity	₹5.56 Cr	0.22%
Ceigall India Ltd	Equity	₹5.42 Cr	0.21%
Premier Energies Limited	Equity	₹3.72 Cr	0.15%
Mrs Bectors Food Specialities Ltd Ordinary Shares	Equity	₹2.87 Cr	0.11%
Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.1)	Equity	₹0.61 Cr	0.02%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹565.59 Cr	22.27%
Industrials	₹475.33 Cr	18.71%
Consumer Cyclical	₹312.26 Cr	12.29%
Basic Materials	₹262.72 Cr	10.34%
Technology	₹205.62 Cr	8.10%
Consumer Defensive	₹203.62 Cr	8.02%
Healthcare	₹168.02 Cr	6.61%
Energy	₹86 Cr	3.39%
Communication Services	₹71.85 Cr	2.83%
Real Estate	₹66.17 Cr	2.60%
Utilities	₹32.41 Cr	1.28%

Risk & Performance Ratios

Fund Managers

Ashish Naik

Since February 2023

Mayank Hyanki

Since April 2024

Additional Scheme Detailsas of 31st December 2024

ISIN

INF846K016N4

Expense Ratio

0.66%

Exit Load

1.00%

Fund Size

₹2,540 Cr

Age

1 year 10 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:

Dividend Taxation:

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
SBI Equity Minimum Variance Fund Direct Growth Very High Risk	0.4%	0.0%	₹212.14 Cr	7.6%
SBI Equity Minimum Variance Fund Regular Growth Very High Risk	0.8%	0.0%	₹212.14 Cr	7.2%
Bandhan Transportation and Logistics Fund Direct Growth Very High Risk	0.9%	0.0%	₹534.00 Cr	17.4%
Bandhan Transportation and Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹534.00 Cr	15.6%
ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk	0.8%	1.0%	₹3101.23 Cr	24.8%
ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk	1.9%	1.0%	₹3101.23 Cr	23.4%
HDFC NIFTY200 Momentum 30 ETF Very High Risk	0.3%	-	₹11.35 Cr	63.0%
HDFC NIFTY100 Low Volatility 30 ETF Very High Risk	0.3%	-	₹5.95 Cr	34.7%
ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk	0.3%	-	₹414.11 Cr	11.1%
DSP Nifty Midcap 150 Quality 50 ETF Very High Risk	0.3%	-	₹98.49 Cr	14.2%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹3,16,614 Cr

Address

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

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹61.84 Cr	4.9%
Axis India Manufacturing Fund Direct Growth Very High Risk	0.4%	1.0%	₹5958.01 Cr	29.7%
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%	₹91.86 Cr	7.7%
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 to Moderate Risk	-	0.0%	₹76.11 Cr	7.6%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹75.75 Cr	8.1%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹12915.80 Cr	7.8%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹823.87 Cr	27.0%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹459.80 Cr	16.9%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹7034.33 Cr	18.7%
Axis Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹15463.84 Cr	7.9%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.1%	1.0%	₹1576.01 Cr	15.1%
Axis Special Situations Fund Direct Growth Very High Risk	1.3%	1.0%	₹1221.86 Cr	25.6%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹6047.62 Cr	8.6%
Axis ESG Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹1300.08 Cr	14.0%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹5913.10 Cr	8.0%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.5%	1.0%	₹331.22 Cr	22.6%
Axis Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹807.64 Cr	24.6%
Axis All Seasons Debt Fund of Funds Direct Growth Moderate Risk	0.2%	0.0%	₹137.40 Cr	8.6%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹933.76 Cr	9.7%
Axis Bluechip Fund Direct Growth Very High Risk	0.7%	1.0%	₹33126.83 Cr	11.7%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1411.83 Cr	8.4%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹706.42 Cr	26.6%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹13068.33 Cr	12.0%
Axis Regular Saver Fund Direct Growth Very High Risk	1.0%	1.0%	₹291.55 Cr	8.7%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.5%	1.0%	₹1986.47 Cr	9.2%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹35953.73 Cr	15.3%
Axis Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹8878.51 Cr	8.4%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹30917.01 Cr	7.5%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.0%	1.0%	₹1273.24 Cr	16.3%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹30828.75 Cr	24.8%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5843.40 Cr	7.9%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.0%	1.0%	₹994.42 Cr	10.7%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹2633.81 Cr	17.0%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.3%	0.0%	₹422.57 Cr	14.5%
Axis Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹141.21 Cr	16.1%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹32.16 Cr	8.1%
Axis Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹414.72 Cr	8.8%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5996.43 Cr	7.8%
Axis Multicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹7034.33 Cr	26.6%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹73.51 Cr	8.3%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹276.34 Cr	6.7%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.2%	0.0%	₹63.61 Cr	26.0%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹299.81 Cr	20.3%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹456.51 Cr	7.5%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹527.44 Cr	10.3%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹579.13 Cr	8.7%

Risk Level

Your principal amount will be at Very High Risk

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

The NAV of Axis Business Cycles Fund Direct Growth, as of 17-Jan-2025, is ₹15.95.

What is the portfolio composition of Axis Business Cycles Fund Direct 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 Direct Growth?

The fund managers responsible for Axis Business Cycles Fund Direct Growth are:-

Ashish Naik
Mayank Hyanki

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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Fund Overview

Fund Size

₹2,540 Cr

Expense Ratio

0.66%

ISIN

INF846K016N4

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

22 Feb 2023

Risk Level

Your principal amount will be at Very High Risk