Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Axis Business Cycles Fund Direct Growth
+16.96%
3Y annualised
-0.67% 1D
NAV: 09 Apr '26
₹16.25
Min. for SIP
₹100
Fund size (AUM)
₹1,866.24 Cr
Expense ratio
0.98%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,953 | -0.31% | |
| 6 months | ₹30,000 | ₹29,035 | -3.22% | |
| 1 year | ₹60,000 | ₹58,140 | -3.10% | |
| 3 years | ₹1,80,000 | ₹1,97,113 | +9.51% |
Holdings (78)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 4.09% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.57% |
| Axis Bank Ltd. | Financial | Equity | 3.52% |
| Ultratech Cement Ltd. | Construction | Equity | 2.83% |
| HDFC Bank Ltd. | Financial | Equity | 2.82% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.66% |
| Reliance Industries Ltd. | Energy | Equity | 2.55% |
| NTPC Ltd. | Energy | Equity | 2.47% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 2.33% |
| Bharti Airtel Ltd. | Communication | Equity | 2.32% |
| GE Vernova T&D India Ltd | Capital Goods | Equity | 2.19% |
| Aether Industries Ltd. | Chemicals | Equity | 2.08% |
| Indusind Bank Ltd. | Financial | Equity | 2.02% |
| Hindustan Unilever Ltd. | Consumer Staples | Equity | 1.86% |
| Jindal Steel Ltd. | Metals & Mining | Equity | 1.84% |
| Cummins India Ltd. | Capital Goods | Equity | 1.69% |
| One97 Communications Ltd. | Services | Equity | 1.67% |
| BSE Ltd. | Services | Equity | 1.62% |
| HCL Technologies Ltd. | Technology | Equity | 1.53% |
| PTC Industries Ltd. | Metals & Mining | Equity | 1.47% |
| Shriram Finance Ltd | Financial | Equity | 1.44% |
| Jyoti CNC Automation Ltd. | Capital Goods | Equity | 1.41% |
| Vishal Mega Mart Ltd. | Services | Equity | 1.37% |
| CreditAccess Grameen Ltd. | Financial | Equity | 1.37% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 1.37% |
| Mankind Pharma Ltd. | Healthcare | Equity | 1.35% |
| Aarti Industries Ltd. | Chemicals | Equity | 1.35% |
| Oil And Natural Gas Corporation Ltd. | Energy | Equity | 1.31% |
| Delhivery Ltd. | Services | Equity | 1.29% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 1.22% |
| Torrent Pharmaceuticals Ltd. | Healthcare | Equity | 1.18% |
| Solar Industries India Ltd. | Chemicals | Equity | 1.16% |
| Anthem Biosciences Ltd. | Healthcare | Equity | 1.15% |
| Hyundai Motor India Ltd. | Automobile | Equity | 1.14% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 1.14% |
| ITC Ltd. | Consumer Staples | Equity | 1.07% |
| Sona BLW Precision Forgings Ltd. | Automobile | Equity | 1.05% |
| Infosys Ltd. | Technology | Equity | 1.00% |
| Indus Towers Ltd. | Communication | Equity | 1.00% |
| Bajaj Finserv Ltd. | Financial | Equity | 0.98% |
| RBL Bank Ltd. | Financial | Equity | 0.98% |
| Endurance Technologies Ltd. | Automobile | Equity | 0.96% |
| RHI Magnesita India Ltd. | Construction | Equity | 0.91% |
| Ambuja Cements Ltd. | Construction | Equity | 0.87% |
| Brigade Enterprises Ltd. | Construction | Equity | 0.87% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.86% |
| Tenneco Clean Air India Ltd | Automobile | Equity | 0.85% |
| City Union Bank Ltd. | Financial | Equity | 0.83% |
| Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.82% |
| Healthcare Global Enterprises Ltd. | Healthcare | Equity | 0.82% |
| PI Industries Ltd. | Chemicals | Equity | 0.81% |
| Trent Ltd. | Services | Equity | 0.81% |
| Asian Paints Ltd. | Chemicals | Equity | 0.80% |
| L&T Finance Ltd. | Financial | Equity | 0.78% |
| Jubilant FoodWorks Ltd. | Services | Equity | 0.74% |
| Tube Investments Of India Ltd. | Automobile | Equity | 0.74% |
| Hindustan Copper Ltd. | Metals & Mining | Equity | 0.73% |
| Jubilant Ingrevia Ltd. | Chemicals | Equity | 0.73% |
| Titagarh Rail Systems Ltd. | Automobile | Equity | 0.72% |
| Mphasis Ltd. | Technology | Equity | 0.70% |
| United Spirits Ltd. | Consumer Staples | Equity | 0.69% |
| Britannia Industries Ltd. | Consumer Staples | Equity | 0.69% |
| CORONA Remedies Ltd. | Healthcare | Equity | 0.65% |
| Eternal Ltd. | Services | Equity | 0.65% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.64% |
| Gujarat Fluorochemicals Ltd. | Chemicals | Equity | 0.61% |
| Bharat Forge Ltd. | Automobile | Equity | 0.60% |
| Reserve Bank of India | Financial | T-Bills | 0.53% |
| Gabriel India Ltd. | Automobile | Equity | 0.52% |
| Pine Labs Ltd. | Financial | Equity | 0.52% |
| JK Cement Ltd. | Construction | Equity | 0.42% |
| SBI Life Insurance Company Ltd. | Insurance | Equity | 0.36% |
| Aditya Birla Real Estate Ltd. | Consumer Staples | Equity | 0.35% |
| Bajaj Auto Ltd. | Automobile | Equity | 0.20% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 0.15% |
| Ashok Leyland Ltd. | Automobile | Equity | 0.06% |
| Jyothy Labs Ltd. | Consumer Staples | Equity | 0.04% |
| Nifty Bank | Financial | ID | 0.03% |
See All
Minimum investments
Min. for 1st investment
₹100
Min. for 2nd investment
₹100
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 6M | 1Y | 3Y | All |
|---|---|---|---|---|
| Fund returns | -5.4% | +10.2% | +17.0% | +16.8% |
| Category average (Equity Thematic) | -1.0% | -0.6% | +16.8% | -- |
| Rank (Equity Thematic) | -- | 6 | 4 | -- |
Exit load, stamp duty and tax
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
Fund management
ANAshish NaikFeb 2023 - PresentView details
AN
Ashish Naik
Feb 2023 - Present
View details
About Axis Business Cycles Fund Direct Growth
Axis Business Cycles Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Ashish Naik is the Current Fund Manager of Axis Business Cycles Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,66,904 Cr and the Latest NAV as of 09 Apr 2026 is ₹16.25.
The Axis Business Cycles Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
;
Investment Objective
The scheme seeks 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.
Fund benchmarkNIFTY 500 Total Return Index
Fund house
Rank (total assets)#7 in India
Total AUM₹3,66,904.00 Cr
Date of Incorporation04 Sep 2009
Launch Date04 Sep 2009
Address23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,