Axis Business Cycles Fund

Sectoral / ThematicEquity SEBI-regulated

NAV (Direct-Growth)

₹17.4200

As of 1 Jul 2026 · AMFI

AUM

₹2.1K Cr

Expense ratio

0.91%

1Y returns

+2.45%

3Y CAGR

+15.56%

5Y CAGR

—

Std deviation 3Y

+15.85%

In plain English

Axis Business Cycles Fund is a Sectoral / Thematic scheme from Axis. The portfolio is ~97% in equities. 3-year CAGR: about 15.6%. Volatility is typical for equity — 20–30 % drawdowns happen during market stress. Worst historical drawdown: -19% in Feb 2025 — ongoing. Wrong fit if you need this money in less than 7 years.

Auto-generated from holdings, returns and risk data. No paid placement, no copy-pasted boilerplate.

NAV history

NAV (Direct-Growth)

₹17.4200

Last 1Y

+1.34%

Jul 25Min ₹15.10 · Max ₹17.57 · 250 ptsJul 26

Drawdown stories

The crashes you should know about — and how long the fund took to recover.

Feb 2025 — ongoing

-19.3%

Peak ₹17.66 on 24 Sept 2024 → trough ₹14.26 on 28 Feb 2025 (5 months down).

Not yet recovered

Computed from the full NAV history. We show drawdowns deeper than 10%, sorted by depth.

Honesty score

A 1–5 grade on the dimensions other sites won't surface — expense bloat, AUM bloat, concentration, mandate compliance.

Honesty score

5 / 5

Solid scheme on the dimensions we check. No red flags.

Expense ratio
0.91% — typical for category.
AUM size
₹2.1K Cr.
Sector concentration
Top 3 sectors = 55.2% — diversified across sectors.

Computed from expense ratio, AUM, sector concentration and SEBI mandate compliance. No paid review.

Performance

Returns for various periods, with category average and peer rank.

Period	Returns	Category avg	Rank
1W	+0.47%	+0.61%n=443	66/ 147
1M	+4.84%	+7.16%n=443	49/ 138
3M	+1.80%	+8.51%n=430	80/ 135
6M	-2.41%	+0.25%n=421	74/ 131
YTD	-1.73%	+0.78%n=428	69/ 135
1Y	+7.59%	+7.70%n=397	70/ 118
2Y	+6.71%	+6.68%n=322	44/ 73
3Y	+15.56%	+18.41%n=248	37/ 56

Portfolio composition

Asset allocation

Equity96.70%
Cash3.30%

By market cap

Large cap50.57%
Mid cap23.28%
Small cap19.56%
Others6.59%

Concentration

Holdings

Avg market cap

₹1.22 L Cr

Top 10 stocks

29.16%

Top 5 stocks

16.83%

Top 3 sectors

55.23%

Top holdings

Top 15 positions by weight, latest disclosure.

#InstrumentSectorWeight

1
ICICI Bank Ltd
—4.09%
1
ICICI Bank Ltd
—4.09%
2
Larsen & Toubro Ltd
—3.57%
2
Larsen & Toubro Ltd
—3.57%
3
Axis Bank Ltd
—3.52%
3
Axis Bank Ltd
—3.52%
4
UltraTech Cement Ltd
—2.83%
4
UltraTech Cement Ltd
—2.83%
5
HDFC Bank Ltd
—2.82%
5
HDFC Bank Ltd
—2.82%
6
Net Receivables / (Payables)
—2.70%
6
Net Receivables / (Payables)
—2.70%
7
Kotak Mahindra Bank Ltd
—2.66%
7
Kotak Mahindra Bank Ltd
—2.66%
8
Reliance Industries Ltd
—2.55%

Fundamentals (vs category)

Portfolio-weighted ratios, compared with the category average.

MetricFundCategory avgDiff

P/E ratio30.0528.47+1.58
P/B ratio3.404.25-0.85
Price / Sales3.343.21+0.13
Price / Cash Flow19.7219.97-0.25
Dividend yield0.79%1.23%-0.44
Return on equity (ROE)14.93%18.47%-3.54

Risk metrics

Standard deviation, Sharpe, Sortino, Beta — all vs category average.

Metric1Y3Y5YCat 1YCat 3YCat 5Y

Standard deviation
Volatility — lower means steadier returns.
16.2815.85————
Sharpe ratio
Risk-adjusted return — higher is better.
-0.200.57————
Sortino ratio
Like Sharpe but only counts downside volatility.
-0.280.84————
Beta
1 = moves with the market. <1 = less volatile.
——————

Peers in Sectoral / Thematic

Other schemes in the same SEBI category, ranked by AUM.

Peer fundAUM1Y3Y CAGRExpense

Peers in same SEBI category, ranked by AUM. Compare any →

Available plans & options

PlanOptionFull nameISIN

DirectGrowthAxis Business Cycles Fund - Direct Plan - GrowthINF846K016N4
DirectIDCW ReinvestmentAxis Business Cycles Fund - Direct Plan - IDCWINF846K017N2
RegularGrowthAxis Business Cycles Fund - Regular Plan - GrowthINF846K019N8
RegularIDCW ReinvestmentAxis Business Cycles Fund - Regular Plan - IDCWINF846K010O5

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