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Axis Business Cycles Fund Direct Growth
Equity
Thematic
Very High Risk
NAV: 16 Jan '26
₹17.18
Min. SIP amount
₹100
Fund size
₹2,212.89 Cr
Expense ratio
0.92%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹62,461 | +4.10% |
Holdings (90)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 6.56% |
| HDFC Bank Ltd. | Financial | Equity | 4.03% |
| Infosys Ltd. | Technology | Equity | 3.50% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.38% |
| Ultratech Cement Ltd. | Construction | Equity | 3.18% |
| Bharti Airtel Ltd. | Communication | Equity | 2.65% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.61% |
| State Bank of India | Financial | Equity | 2.58% |
| Shriram Finance Ltd | Financial | Equity | 2.48% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 2.24% |
| GE Vernova T&D India Ltd | Capital Goods | Equity | 1.97% |
| Hindustan Unilever Ltd. | Consumer Staples | Equity | 1.77% |
| Vedanta Ltd. | Metals & Mining | Equity | 1.65% |
| Jyoti CNC Automation Ltd. | Capital Goods | Equity | 1.63% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 1.59% |
| Tata Consultancy Services Ltd. | Technology | Equity | 1.59% |
| Hindustan Copper Ltd. | Metals & Mining | Equity | 1.55% |
| PTC Industries Ltd. | Metals & Mining | Equity | 1.54% |
| RHI Magnesita India Ltd. | Construction | Equity | 1.51% |
| Vishal Mega Mart Ltd. | Services | Equity | 1.50% |
| Cummins India Ltd. | Capital Goods | Equity | 1.40% |
| Aether Industries Ltd. | Chemicals | Equity | 1.40% |
| BSE Ltd. | Services | Equity | 1.34% |
| One97 Communications Ltd. | Services | Equity | 1.31% |
| Mankind Pharma Ltd. | Healthcare | Equity | 1.25% |
| Hyundai Motor India Ltd. | Automobile | Equity | 1.24% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 1.23% |
| REC Ltd. | Financial | Equity | 1.16% |
| Endurance Technologies Ltd. | Automobile | Equity | 1.14% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 1.12% |
| City Union Bank Ltd. | Financial | Equity | 1.06% |
| Delhivery Ltd. | Services | Equity | 1.06% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.03% |
| Trent Ltd. | Services | Equity | 1.02% |
| Ambuja Cements Ltd. | Construction | Equity | 1.02% |
| Solar Industries India Ltd. | Chemicals | Equity | 0.99% |
| Brigade Enterprises Ltd. | Construction | Equity | 0.99% |
| Interglobe Aviation Ltd. | Services | Equity | 0.98% |
| Info Edge (India) Ltd. | Services | Equity | 0.96% |
| Eternal Ltd. | Services | Equity | 0.96% |
| Titagarh Rail Systems Ltd. | Automobile | Equity | 0.94% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.93% |
| Torrent Pharmaceuticals Ltd. | Healthcare | Equity | 0.91% |
| RBL Bank Ltd. | Financial | Equity | 0.90% |
| Sona BLW Precision Forgings Ltd. | Automobile | Equity | 0.89% |
| Ashok Leyland Ltd. | Automobile | Equity | 0.88% |
| Jindal Steel Ltd. | Metals & Mining | Equity | 0.88% |
| L&T Finance Ltd. | Financial | Equity | 0.87% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 0.86% |
| K.P.R. Mill Ltd. | Textiles | Equity | 0.84% |
| CreditAccess Grameen Ltd. | Financial | Equity | 0.84% |
| TVS Motor Company Ltd. | Automobile | Equity | 0.83% |
| Jubilant Ingrevia Ltd. | Chemicals | Equity | 0.79% |
| Tech Mahindra Ltd. | Technology | Equity | 0.77% |
| Tenneco Clean Air India Ltd | Automobile | Equity | 0.71% |
| Pine Labs Ltd. | Financial | Equity | 0.67% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | Equity | 0.66% |
| Gujarat Fluorochemicals Ltd. | Chemicals | Equity | 0.62% |
| Samvardhana Motherson International Ltd. | Automobile | Equity | 0.62% |
| Arvind Fashions Ltd. | Textiles | Equity | 0.60% |
| National Securities Depository Ltd | Financial | Equity | 0.57% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.57% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 0.55% |
| Anant Raj Ltd. | Construction | Equity | 0.55% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 0.54% |
| Gabriel India Ltd. | Automobile | Equity | 0.54% |
| JK Cement Ltd. | Construction | Equity | 0.53% |
| Anthem Biosciences Ltd. | Healthcare | Equity | 0.53% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 0.51% |
| Reliance Industries Ltd. | Energy | Equity | 0.51% |
| CORONA Remedies Ltd. | Healthcare | Equity | 0.49% |
| PI Industries Ltd. | Chemicals | Equity | 0.47% |
| Tata Capital Ltd. | Financial | Equity | 0.47% |
| Reserve Bank of India | Financial | T-Bills | 0.45% |
| Aditya Birla Real Estate Ltd. | Consumer Staples | Equity | 0.44% |
| Tata Communications Ltd. | Communication | Equity | 0.40% |
| Jyothy Labs Ltd. | Consumer Staples | Equity | 0.35% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.35% |
| Bharat Petroleum Corporation Ltd. | Energy | Equity | 0.27% |
| Ceigall India Ltd. | Construction | Equity | 0.19% |
| Havells India Ltd. | Capital Goods | Equity | 0.14% |
| Tata Power Company Ltd. | Energy | Equity | 0.14% |
| Siemens Energy India Ltd. | Energy | Equity | 0.12% |
| Tata Technologies Ltd | Services | Equity | 0.10% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 0.09% |
| P N Gadgil Jewellers Ltd. | Consumer Discretionary | Equity | 0.08% |
| LG Electronics India Ltd. | Consumer Discretionary | Equity | 0.06% |
| Tube Investments Of India Ltd. | Automobile | Equity | 0.05% |
| Kwality Walls India Ltd. | Consumer Staples | Equity | 0.03% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | Pref. Shares | 0.01% |
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 | 3M | 6M | 1Y | All |
|---|---|---|---|---|
| Fund returns | -0.8% | +0.1% | +7.4% | +71.8% |
| Category average (Equity Thematic) | -- | -- | -0.6% | -- |
| Rank (Equity Thematic) | 8 | 8 | 8 | -- |
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
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
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 ₹3,54,746 Cr and the Latest NAV as of 16 Jan 2026 is ₹17.18.
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.
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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₹3,54,746.32 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,