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Axis Business Cycles Fund Direct Growth
+16.59%
3Y annualised
+0.64% 1D
NAV: 20 Mar '26
₹15.68
Min. for SIP
₹100
Fund size
₹2,145.11 Cr
Expense ratio
0.97%
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,253 | -4.98% | |
| 6 months | ₹30,000 | ₹27,928 | -6.91% | |
| 1 year | ₹60,000 | ₹56,421 | -5.96% | |
| 3 years | ₹1,80,000 | ₹1,92,720 | +7.07% |
Holdings (76)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 7.32% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.65% |
| HDFC Bank Ltd. | Financial | Equity | 3.58% |
| State Bank of India | Financial | Equity | 3.26% |
| Reliance Industries Ltd. | Energy | Equity | 2.98% |
| Ultratech Cement Ltd. | Construction | Equity | 2.91% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.72% |
| Axis Bank Ltd. | Financial | Equity | 2.37% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 2.33% |
| GE Vernova T&D India Ltd | Capital Goods | Equity | 2.16% |
| Infosys Ltd. | Technology | Equity | 2.05% |
| Bharti Airtel Ltd. | Communication | Equity | 1.95% |
| One97 Communications Ltd. | Services | Equity | 1.86% |
| Hindustan Unilever Ltd. | Consumer Staples | Equity | 1.84% |
| Indusind Bank Ltd. | Financial | Equity | 1.73% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 1.70% |
| Aether Industries Ltd. | Chemicals | Equity | 1.61% |
| Cummins India Ltd. | Capital Goods | Equity | 1.60% |
| Shriram Finance Ltd | Financial | Equity | 1.55% |
| PTC Industries Ltd. | Metals & Mining | Equity | 1.53% |
| BSE Ltd. | Services | Equity | 1.42% |
| Jyoti CNC Automation Ltd. | Capital Goods | Equity | 1.39% |
| CreditAccess Grameen Ltd. | Financial | Equity | 1.39% |
| Vishal Mega Mart Ltd. | Services | Equity | 1.33% |
| Sona BLW Precision Forgings Ltd. | Automobile | Equity | 1.33% |
| Mankind Pharma Ltd. | Healthcare | Equity | 1.32% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 1.32% |
| Hyundai Motor India Ltd. | Automobile | Equity | 1.21% |
| Endurance Technologies Ltd. | Automobile | Equity | 1.21% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 1.20% |
| Delhivery Ltd. | Services | Equity | 1.17% |
| Ashok Leyland Ltd. | Automobile | Equity | 1.16% |
| Solar Industries India Ltd. | Chemicals | Equity | 1.13% |
| Jindal Steel Ltd. | Metals & Mining | Equity | 1.13% |
| City Union Bank Ltd. | Financial | Equity | 1.06% |
| Torrent Pharmaceuticals Ltd. | Healthcare | Equity | 1.05% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.04% |
| RHI Magnesita India Ltd. | Construction | Equity | 1.02% |
| ITC Ltd. | Consumer Staples | Equity | 1.02% |
| NTPC Ltd. | Energy | Equity | 1.01% |
| Tata Steel Ltd. | Metals & Mining | Equity | 0.98% |
| Indus Towers Ltd. | Communication | Equity | 0.95% |
| Aarti Industries Ltd. | Chemicals | Equity | 0.94% |
| Ambuja Cements Ltd. | Construction | Equity | 0.94% |
| RBL Bank Ltd. | Financial | Equity | 0.94% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.88% |
| Tata Consultancy Services Ltd. | Technology | Equity | 0.86% |
| Tenneco Clean Air India Ltd | Automobile | Equity | 0.83% |
| Trent Ltd. | Services | Equity | 0.83% |
| Jubilant FoodWorks Ltd. | Services | Equity | 0.82% |
| PI Industries Ltd. | Chemicals | Equity | 0.81% |
| L&T Finance Ltd. | Financial | Equity | 0.81% |
| Brigade Enterprises Ltd. | Construction | Equity | 0.80% |
| Hindustan Copper Ltd. | Metals & Mining | Equity | 0.80% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 0.79% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 0.77% |
| Titagarh Rail Systems Ltd. | Automobile | Equity | 0.76% |
| Tube Investments Of India Ltd. | Automobile | Equity | 0.70% |
| Jubilant Ingrevia Ltd. | Chemicals | Equity | 0.68% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | Equity | 0.64% |
| Anthem Biosciences Ltd. | Healthcare | Equity | 0.62% |
| K.P.R. Mill Ltd. | Textiles | Equity | 0.61% |
| Gujarat Fluorochemicals Ltd. | Chemicals | Equity | 0.61% |
| Eternal Ltd. | Services | Equity | 0.61% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.60% |
| CORONA Remedies Ltd. | Healthcare | Equity | 0.58% |
| JK Cement Ltd. | Construction | Equity | 0.56% |
| Gabriel India Ltd. | Automobile | Equity | 0.55% |
| Pine Labs Ltd. | Financial | Equity | 0.55% |
| Healthcare Global Enterprises Ltd. | Healthcare | Equity | 0.50% |
| Reserve Bank of India | Financial | T-Bills | 0.47% |
| Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.43% |
| Aditya Birla Real Estate Ltd. | Consumer Staples | Equity | 0.35% |
| Jyothy Labs Ltd. | Consumer Staples | Equity | 0.32% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 0.14% |
| 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 | 6M | 1Y | 3Y | All |
|---|---|---|---|---|
| Fund returns | -10.2% | +2.4% | +16.6% | +15.8% |
| Category average (Equity Thematic) | -1.0% | -0.6% | +16.8% | -- |
| Rank (Equity Thematic) | -- | 8 | 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
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 ₹3,66,904 Cr and the Latest NAV as of 20 Mar 2026 is ₹15.68.
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₹3,66,904.00 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,