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mutual funds
axis business cycles fund direct growth
Axis Business Cycles Fund Direct Growth

Axis Business Cycles Fund Direct Growth

  • Very High Risk
  • Equity
  • Equity - Other
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NAV as on Jul 4, 2025
i
Price per unit of the scheme.
₹ 17.14000.35%1 Day Change
2.39%
Minimum Investment₹5000
Expense Ratio0.52%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
*Morningstar Rating Methodologyi
i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

bt_logoFUND PERFORMANCE

As On Jan 01, 2023
Compare fund’s performance against category average across different time periods


No Data Found.
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
Axis Business Cycles Fund Direct Growth
VS
Equity: Equity - Other Average NAV
    Topper in Equity: Equity - Other
    WhiteOak Capital Special Opportunities Fund Direct Growth
    All Fund


    No Data Found.
    *For the other fund, rescaled NAVs are used
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    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    Axis Business Cycles Fund Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Return
      ₹0
    • Current Value
      ₹0

    bt_logoFUND SUMMARY

    Benchmark
    NIFTY 500 TR INR
    Expense Ratio
    0.52%
    Category Avg Expense Ratio
    0.93%
    Minimum Investment (Lumpsum/SIP)
    ₹ 5000 /₹ 1000
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 2,404.24 Cr(As on May, 2025)
    Inception Date
    Feb 22, 2023
    Turnover
    - %
    Exit Load
    If redeemed / switched-out within 12 months from the date of allotment - For 10% of investment - Nil, for remaining investment - 1%. If redeemed/switched out after 12 months from the date of allotment - Nil

    bt_logoABOUT THE FUND

    Objective: 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 However, there can be no assurance that the investment objective of the Scheme will be achieved.

    Axis Business Cycles Fund Direct Growth is an Equity - Equity - Other fund. The fund was launched inFeb 22, 2023. Its risk level is . The NAV of the fund as onJul 04, 2025 is ₹17.14. Its expense ratio is 0.52 %. The fund has an AUM of ₹2,404.24 Cr.The fund is managed byAshish Naik,Vinayak Jayanath,Mayank Hyanki.
    The minimum initial investment is  ₹5000 in Lumpsum mode.

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    bt_logoFUND MANAGER

    Ashish Naik
    Ashish Naik
    i
    Lead Fund Manager.
    Feb 22, 2023 - Present
    • Schemes managed14
    • Total AUM₹ 90,386.32 Cr
    • Highest Return In 1 Yr8.59 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Axis Business Cycles Fund Direct Growth
    --
    ₹ 17.14
    2.39%
    -%
    Very High Risk
    ₹2,404.24Cr
    Axis Nifty 100 Index Fund Direct Growth
    --
    ₹ 23.13
    3.45%
    -%
    Very High Risk
    ₹1,882.91Cr
    Axis Arbitrage Direct Growth
    --
    ₹ 20.33
    0.65%
    0.57%
    Low Risk
    ₹6,767.43Cr
    Axis Business Cycles Fund Direct Growth
    Very High Risk--
    • NAV₹ 17.14
    • Fund Size₹2,404.24Cr
    Fund Return2.39%
    Category Return--
    Axis Nifty 100 Index Fund Direct Growth
    Very High Risk--
    • NAV₹ 23.13
    • Fund Size₹1,882.91Cr
    Fund Return3.45%
    Category Return--
    Axis Arbitrage Direct Growth
    Low Risk--
    • NAV₹ 20.33
    • Fund Size₹6,767.43Cr
    Fund Return0.65%
    Category Return0.57%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Vinayak Jayanath
    Vinayak Jayanath
    i
    Lead Fund Manager.
    Feb 22, 2023 - Present
    • Schemes managed19
    • Total AUM₹ 1,38,809.23 Cr
    • Highest Return In 1 Yr19.36 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Axis Global Innovation Fund of Fund Direct Growth
    --
    ₹ 14.95
    5.06%
    -%
    Very High Risk
    ₹518.62Cr
    Axis Business Cycles Fund Direct Growth
    --
    ₹ 17.14
    2.39%
    -%
    Very High Risk
    ₹2,404.24Cr
    Axis Growth Opportunities Fund Direct Growth
    ₹ 36.21
    2.93%
    3.38%
    Very High Risk
    ₹14,349.24Cr
    Axis Global Innovation Fund of Fund Direct Growth
    Very High Risk--
    • NAV₹ 14.95
    • Fund Size₹518.62Cr
    Fund Return5.06%
    Category Return--
    Axis Business Cycles Fund Direct Growth
    Very High Risk--
    • NAV₹ 17.14
    • Fund Size₹2,404.24Cr
    Fund Return2.39%
    Category Return--
    Axis Growth Opportunities Fund Direct Growth
    Very High Risk
    • NAV₹ 36.21
    • Fund Size₹14,349.24Cr
    Fund Return2.93%
    Category Return3.38%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Mayank Hyanki
    Mayank Hyanki
    i
    Lead Fund Manager.
    Apr 5, 2024 - Present
    • Schemes managed6
    • Total AUM₹ 30,521.30 Cr
    • Highest Return In 1 Yr7.63 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Axis Small Cap Fund Direct Growth
    ₹ 125.87
    4.28%
    3.87%
    Very High Risk
    ₹25,062.36Cr
    Axis Special Situations Fund Direct Growth
    --
    ₹ 19.78
    2.17%
    -%
    Very High Risk
    ₹1,174.87Cr
    Axis Business Cycles Fund Direct Growth
    --
    ₹ 17.14
    2.39%
    -%
    Very High Risk
    ₹2,404.24Cr
    Axis Small Cap Fund Direct Growth
    Very High Risk
    • NAV₹ 125.87
    • Fund Size₹25,062.36Cr
    Fund Return4.28%
    Category Return3.87%
    Axis Special Situations Fund Direct Growth
    Very High Risk--
    • NAV₹ 19.78
    • Fund Size₹1,174.87Cr
    Fund Return2.17%
    Category Return--
    Axis Business Cycles Fund Direct Growth
    Very High Risk--
    • NAV₹ 17.14
    • Fund Size₹2,404.24Cr
    Fund Return2.39%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on May, 2025
    EQUITY (97.20%)
    DEBT (-%)
    CASH (2.80%)
    Allocation by Market Cap
    Large Cap(61.94%)
    Mid Cap(12.71%)
    Small Cap(19.89%)
    Industry Holdings
    • Banks Regional19.07%
    • Information Technology Services5.51%
    • Oil Gas Refining Marketing4.86%
    • Diversified Industrials4.58%
    • Drug Manufacturers Specialty Generic4.19%
    • Building Materials4.02%
    Stock Holdings
    • HDFC Bank Ltd6.73%
    • ICICI Bank Ltd6.33%
    • Reliance Industries Ltd4.08%
    • Bharti Airtel Ltd3.20%
    • UltraTech Cement Ltd2.88%
    • Larsen & Toubro Ltd2.57%

    bt_logoPERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making. Study period is 3 years.
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
      ----
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
      ----
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
      ----
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
      ----
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
      ----
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
      ----

    bt_logoHISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      --
      This Fund
      VS
      --
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      --
      This Fund
      VS
      --
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      --
      This Fund
      VS
      --
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      --
      This Fund
      VS
      --
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      --
      This Fund
      VS
      --
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      --
      This Fund
      VS
      --
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Axis Nifty IT Index Fund Direct GrowthAxis Nifty IT Index Fund Direct Growth
    --
    ₹ 13.49
    5.97%
    --
    Very High Risk
    ₹ 131.37 Cr
    Axis Silver Fund of Funds Direct GrowthAxis Silver Fund of Funds Direct Growth
    --
    ₹ 18.80
    5.63%
    2.13%
    Very High Risk
    ₹ 107.01 Cr
    Axis Nifty Smallcap 50 Index Fund Direct GrowthAxis Nifty Smallcap 50 Index Fund Direct Growth
    --
    ₹ 19.51
    5.13%
    --
    Very High Risk
    ₹ 487.48 Cr
    Axis Global Innovation Fund of Fund Direct GrowthAxis Global Innovation Fund of Fund Direct Growth
    --
    ₹ 14.95
    5.06%
    --
    Very High Risk
    ₹ 518.62 Cr
    Axis Global Equity Alpha Fund of Fund Direct GrowthAxis Global Equity Alpha Fund of Fund Direct Growth
    --
    ₹ 20.60
    4.78%
    --
    Very High Risk
    ₹ 897.59 Cr
    Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth
    ₹ 125.87
    4.28%
    3.87%
    Very High Risk
    ₹ 25,062.36 Cr
    Axis Nifty IT Index Fund Direct Growth
    Very High Risk--
    • NAV₹ 13.49
    • Fund Size₹ 131.37 Cr
    1 Month Return5.97%
    Category Return--
    Axis Silver Fund of Funds Direct Growth
    Very High Risk--
    • NAV₹ 18.80
    • Fund Size₹ 107.01 Cr
    1 Month Return5.63%
    Category Return2.13%
    Axis Nifty Smallcap 50 Index Fund Direct Growth
    Very High Risk--
    • NAV₹ 19.51
    • Fund Size₹ 487.48 Cr
    1 Month Return5.13%
    Category Return--
    Axis Global Innovation Fund of Fund Direct Growth
    Very High Risk--
    • NAV₹ 14.95
    • Fund Size₹ 518.62 Cr
    1 Month Return5.06%
    Category Return--
    Axis Global Equity Alpha Fund of Fund Direct Growth
    Very High Risk--
    • NAV₹ 20.60
    • Fund Size₹ 897.59 Cr
    1 Month Return4.78%
    Category Return--
    Axis Small Cap Fund Direct Growth
    Very High Risk
    • NAV₹ 125.87
    • Fund Size₹ 25,062.36 Cr
    1 Month Return4.28%
    Category Return3.87%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    Axis Asset Management Company Limited
    Axis Asset Management Company Limited manages assets worth ₹ 3,36,158.60 crores. It’s current offering of mutual fund schemes includes 33 equity, 30 debt and 12 hybrid schemes.
    phone icon
    Phone
    +91 22 43255161
    mail icon
    Email
    customerservice@axismf.com
    aum
    AUM
    ₹ 3,36,158.60 Cr (
    As on May 31, 2025
    )
    location
    Address
    Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai,400 025

    bt_logoFAQ's

    What is the category of Axis Business Cycles Fund Direct Growth ?
    The category of Axis Business Cycles Fund Direct Growth is Equity - Equity - Other
    What is the current NAV of Axis Business Cycles Fund Direct Growth ?
    The current NAV of Axis Business Cycles Fund Direct Growth as on Jul 04, 2025 is ₹17.14
    How safe is Axis Business Cycles Fund Direct Growth ?
    The risk level of Axis Business Cycles Fund Direct Growth is Very High.
    What are short term returns given by Axis Business Cycles Fund Direct Growth ?
    The return given by Axis Business Cycles Fund Direct Growth in 1 month is 2.39%, 3 months is 13.59%, 6 months is 2.27%, and 1 year is 3.63%
    What are the long term returns given by Axis Business Cycles Fund Direct Growth ?
    The return given by Axis Business Cycles Fund Direct Growth in 3 years is -- and 5 years is --.
    What is the expense ratio of Axis Business Cycles Fund Direct Growth ?
    The expense ratio of Axis Business Cycles Fund Direct Growth is 0.52%
    What is the AUM of Axis Business Cycles Fund Direct Growth ?
    The assets under Management (AUM) of Axis Business Cycles Fund Direct Growth is Rs 2,404.24 crores.
    What is the minimum investment in Axis Business Cycles Fund Direct Growth ?
    The minimum Lumpsum investment in Axis Business Cycles Fund Direct Growth is ₹5,000.00 and the minimum SIP investment in Axis Business Cycles Fund Direct Growth is ₹1,000.00
    What is the asset allocation of Axis Business Cycles Fund Direct Growth?
    Axis Business Cycles Fund Direct Growth has an exposure of 97.20% in Equity and 2.80% in Cash & Money Market Securities

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