Q: What are the returns of this mutual fund scheme?

The Axis Business Cycles Fund Direct-Growth is a 2 yrs 7 m old fund and has delivered average annual returns of 22.18% since inception. Axis Business Cycles Fund Direct-Growth Returns 1-Year Since Inception -3.66% 22.18%

Question 1

What is the current NAV of Axis Business Cycles Fund Direct-Growth?

Accepted Answer

The current Net Asset Value (NAV) of the Axis Business Cycles Fund - Direct Growth plan is approximately ₹16.84 as of Sep 29, 2025.

Question 2

What are the returns of this mutual fund scheme?

Accepted Answer

The Axis Business Cycles Fund Direct-Growth is a 2 yrs 7 m old fund and has delivered average annual returns of 22.18% since inception.

Axis Business Cycles Fund Direct-Growth Returns

1-Year	Since Inception
-3.66%	22.18%

Question 3

How much does this mutual fund charge as expense ratio?

Accepted Answer

The Axis Business Cycles Fund - Direct Growth has an expense ratio of 0.74%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

Question 4

What is the AUM or fund size of this mutual fund?

Accepted Answer

The Axis Business Cycles Fund currently has assets under management (AUM) or fund size valued at approximately 2,274 Cr as on Aug 31, 2025.

Question 5

What are the top stock holdings of Axis Business Cycles Fund?

Accepted Answer

The Axis Business Cycles Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
ICICI Bank Ltd.	6.47%
HDFC Bank Ltd.	4.88%
Bharti Airtel Ltd.	3.59%
Ultratech Cement Ltd.	3.43%
Infosys Ltd.	3.17%
Larsen & Toubro Ltd.	2.67%
GE Vernova T&D India Ltd.	2.15%
Mahindra & Mahindra Ltd.	2.14%
Interglobe Aviation Ltd.	2.04%
Reliance Industries Ltd.	1.99%

Question 6

What are the top sectors Axis Business Cycles Fund has invested in?

Accepted Answer

The Axis Business Cycles Fund has primarily invested in the following sectors

Company	Percentage of Portfolio
ICICI Bank Ltd.	6.47%
HDFC Bank Ltd.	4.88%
Bharti Airtel Ltd.	3.59%
Ultratech Cement Ltd.	3.43%
Infosys Ltd.	3.17%
Larsen & Toubro Ltd.	2.67%
GE Vernova T&D India Ltd.	2.15%
Mahindra & Mahindra Ltd.	2.14%
Interglobe Aviation Ltd.	2.04%
Reliance Industries Ltd.	1.99%

Question 7

What is risk level of Axis Business Cycles Fund?

Accepted Answer

This is a Strategy fund comes with Very High risk.

Question 8

Is there any lock-in period in this mutual fund?

Accepted Answer

No, this fund does not have any lock-in period.

Question 9

How do I invest in Axis Business Cycles Fund Direct-Growth?

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Business Cycles Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Axis Business Cycles Fund is complete.

Question 10

How can I redeem my investments in Axis Business Cycles Fund?

Accepted Answer

Redeeming your investments in the Axis Business Cycles Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.74% as on Aug 31, 2025
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.!
AUM (Fund size)	₹2,274 Cr
Lock-in Period	Nil
Age	2 yrs 7 m since Feb 02, 2023
Benchmark	NIFTY 500 TRI
Min. investment	This scheme is currently not buyable
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Period	This fund	Category average
1 Month	0.54%	0.21%
3 Months	-2.15%	-2.59%
6 Months	8.86%	7.66%
1 Year	-3.66%	-5.47%
2 Years	17.58%	18.14%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Business Cycles Fund	0.54%	8.86%	-3.66%	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	0.89%	7.76%	-0.39%	24.29%	33.28%	14.4%
ICICI Prudential Dividend Yield Equity Fund	0.89%	7.8%	-1.88%	25.82%	30.58%	17.12%
ICICI Prudential Value Fund	0.11%	7.27%	-0.84%	22.68%	26.93%	16.16%
SBI Contra Fund	0.48%	4.93%	-6.29%	21.1%	30.12%	16.78%
ICICI Prudential India Equity FOF	-0.15%	6.67%	-2.49%	21.8%	26.69%	12.29%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Business Cycles Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	11.66	0.82	1.32	2.62
ICICI Prudential Dividend Yield Equity Fund	12.34	0.86	1.32	2.17
ICICI Prudential Value Fund	11.41	0.8	1.22	2.21
SBI Contra Fund	12.26	0.88	1.09	1.78
ICICI Prudential India Equity FOF	11.94	0.87	1.11	1.89

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Business Cycles Fund	N.A.	2,274 Cr	2 yrs 7 m	0.74%
ICICI Prudential India Opportunities Fund	N.A.	29,871 Cr	6 yrs 9 m	0.63%
ICICI Prudential Dividend Yield Equity Fund	N.A.	5,779 Cr	11 yrs 5 m	0.57%
ICICI Prudential Value Fund	N.A.	53,750 Cr	12 yrs 8 m	0.99%
SBI Contra Fund	N.A.	46,654 Cr	12 yrs 8 m	0.66%
ICICI Prudential India Equity FOF	N.A.	219 Cr	5 yrs 7 m	0.63%

Axis Business Cycles Fund Direct-Growth

Historical NAV & returns

Axis Business Cycles Fund overview

Axis Business Cycles Fund Returns calculator

Trailing returns as on Sep 22, 2025

Asset allocationas on Aug 31, 2025

Peer comparison

Key risk & return ratios Compared to other funds in the category

Compare Axis Business Cycles Fund in detail with

About this fund

About Axis Business Cycles Fund

Fund managers

Investment objective

Axis Mutual Fund details

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Frequently asked questions

Axis Business Cycles Fund Direct-Growth Returns

ET Money rank

Fund AUM	2,274 Cr as on Aug 31, 2025
Scheme document	View Scheme Document

No. of schemes	69 view all schemes
Total AUM	3,37,399 Cr as on Jun 30, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

Fund name	ETM Rank	AUM	1Y	5Y
Axis Small Cap Fund	N.A.	25,569 Cr	-3.95%	27.36%
Axis Large & Mid Cap Fund	N.A.	14,711 Cr	-2.75%	22.84%
Axis Midcap Fund	N.A.	31,056 Cr	-3.4%	22.76%
Axis Nifty 100 Index Fund	N.A.	1,903 Cr	-4.92%	18.34%
Axis Flexi Cap Fund	N.A.	12,796 Cr	-2.73%	18.13%
Axis Global Equity Alpha FoF	N.A.	1,045 Cr	26.12%	17.32%

Sector	Percentage of Portfolio
Financial	20.189999999999998%
Capital Goods	10.45%
Services	10.389999999999999%
Automobile	9.82%
Healthcare	8.08%
Technology	6.08%
Construction	4.89%
Consumer Staples	4.590000000000001%
Energy	4.53%
Materials	4.43%