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MF Analyser

Axis Business Cycles Fund

Direct Plan · IDCW Option · Sectoral / Thematic · Scheme code 151369

NAV₹16.3800as on 25 Sep 2026
Fund houseAxis Mutual Fund
CategorySectoral / Thematic
Plan & optionDirect · IDCW Option
History3.6 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme -3.45-5.861.06 -6.189.37— ——14.57
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
Sectoral / Thematic
category median		 ——— 3.5214.6711.99 —14.72—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 14.4% 0.20 0.27 1.00 0.53% -19.3% 88.46
Nifty 500
benchmark		 17.2%0.35 0.47—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 42 months this scheme and its benchmark share.

Growth of ₹100 since launch

9212215218220242026MF Analyser

Drawdown from peak (%)

0%-7%-14%-22%20242026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
128 -6.2% 8.3% 45.5% 16%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up captureDown captureCorrelation Tracking errorInformation ratioTreynor
98% 91% 0.94 5.2% 0.10 9.67

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 42 months this scheme and Nifty 500 share.

MF Analyser

Axis Business Cycles Fund

Direct Plan · IDCW Option

Allocation

By asset

Equity95.72%
Cash & Equivalents3.78%
Debt0.46%

By market cap

Large Cap48.44%
Mid Cap22.85%
Small Cap23.00%
Unclassified1.89%

Concentration

Number of stocks80
Top 5 stocks16.86%
Top 10 stocks28.76%
Top 20 stocks45.90%
Lines in the filing83
Largest holding3.84%
Largest sectorBanks 17.62%
Effective stocks61.4
Sectors held34
Cash3.78%

Effective stocks is what the concentration works out to: a fund holding 80 names but most of its money in a few behaves like a fund of 61. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 17.6%Auto Components — 7.3%Chemicals & Petrochemicals — 6.2%Finance — 5.1%Retailing — 4.9%Industrial Products — 4.4%IT - Software — 4.2%Construction — 3.8%Cash & Equivalents — 3.8%Other — 42.7%Banks17.6%Auto Components7.3%Chemicals & Petrochemicals6.2%Finance5.1%Retailing4.9%Industrial Products4.4%IT - Software4.2%Construction3.8%Cash & Equivalents3.8%Other42.7%
Banks17.62%
Auto Components7.30%
Chemicals & Petrochemicals6.19%
Finance5.05%
Retailing4.88%
Industrial Products4.42%
IT - Software4.15%
Construction3.84%
Cash & Equivalents3.78%
Cement & Cement Products3.69%
Automobiles3.49%
Financial Technology (Fintech)3.07%
Non - Ferrous Metals2.96%
Pharmaceuticals & Biotechnology2.62%
Telecom - Services2.39%
Industrial Manufacturing2.34%
Leisure Services2.28%
Electrical Equipment2.26%
Consumer Durables2.17%
Petroleum Products1.87%
MF Analyser

Axis Business Cycles Fund

Direct Plan · IDCW Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Larsen & Toubro Limited Construction 205,760 83 3.84%
2 ICICI Bank Limited Banks 554,096 81 3.72%
3 Axis Bank Limited Banks 599,057 78 3.59%
4 HDFC Bank Limited Banks 903,407 64 2.95%
5 Grasim Industries Limited Cement & Cement Products 177,798 60 2.76%
6 Kotak Mahindra Bank Limited Banks 1,279,994 54 2.48%
7 Clearing Corporation of India Ltd Unclassified — 53 2.44%
8 Aether Industries Limited Chemicals & Petrochemicals 310,206 52 2.42%
9 Bharti Airtel Limited Telecom - Services 286,337 52 2.39%
10 IndusInd Bank Limited Banks 500,032 51 2.34%
11 Mahindra & Mahindra Limited Automobiles 149,925 49 2.27%
12 One 97 Communications Limited Financial Technology (Fintech) 277,769 48 2.20%
13 PTC Industries Limited Industrial Products 20,421 45 2.08%
14 HCL Technologies Limited IT - Software 322,294 42 1.95%
15 Reliance Industries Limited Petroleum Products 317,393 41 1.87%
16 Eternal Limited Retailing 1,093,564 36 1.65%
17 Jindal Steel Limited Ferrous Metals 280,912 34 1.55%
18 Bajaj Finance Limited Finance 315,724 33 1.54%
19 Solar Industries India Limited Chemicals & Petrochemicals 15,674 32 1.45%
20 CreditAccess Grameen Limited Finance 230,683 31 1.45%
21 Mankind Pharma Limited Pharmaceuticals & Biotechnology 125,812 30 1.40%
22 Vishal Mega Mart Limited Retailing 2,719,671 30 1.39%
23 Sona BLW Precision Forgings Limited Auto Components 371,826 30 1.39%
24 Tata Motors Ltd Agricultural, Commercial & Construction Vehicles 608,695 29 1.32%
25 Net Receivables / (Payables) Unclassified — 28 1.30%
26 Jyoti CNC Automation Ltd Industrial Manufacturing 281,856 28 1.29%
27 NTPC Limited Power 853,969 28 1.29%
28 Bosch Limited Auto Components 5,502 28 1.27%
29 TD Power Systems Limited Electrical Equipment 351,944 27 1.26%
30 Hyundai Motor India Ltd Automobiles 119,495 26 1.22%
MF Analyser

Axis Business Cycles Fund

Direct Plan · IDCW Option · where the money sits

What the manager did last month

Between the filings of 31 Jul 2026 and 31 Aug 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹40 cr ₹90 cr 5 3 +3.95%
StockShares tradedShares PriceValue
₹ cr
New position
TD Power Systems Limited 351,944 entered — 27.4
Canara Bank 1,667,158 entered — 21.2
SPR Auto Technologies Ltd 27,560 entered — 12.7
Jindal Stainless Limited 87,397 entered — 6.1
Dhoot Transmission Ltd 25,411 entered — 3.8
Added to
ABB India Limited 11,352 +66.8% +4.9% 8.7
Bharat Forge Limited 30,349 +45.3% -4.3% 6.4
Hindustan Copper Limited 119,270 +39.5% +6.9% 6.3
Amber Enterprises India Limited 5,941 +25.6% +2.4% 4.5
Hindustan Zinc Limited 69,441 +22.7% +10.4% 4.1
PTC Industries Limited 1,778 +9.5% +24.7% 3.9
Vishal Mega Mart Limited 288,240 +11.9% +3.3% 3.2
Sapphire Foods India Limited 67,316 +9.9% +26.6% 1.6
Trimmed
Aarti Industries Limited 328,036 -52.0% +7.2% 17.2
Bajaj Finance Limited 156,776 -33.2% -7.4% 16.6
Eternal Limited 384,781 -26.0% +8.5% 12.6
Anthem Biosciences Limited 104,751 -40.8% +10.4% 9.4
Jyoti CNC Automation Ltd 81,744 -22.5% +23.0% 8.1
Welspun Corp Limited 28,068 -33.0% +44.9% 6.7
Mahindra & Mahindra Limited 19,557 -11.5% -3.4% 6.4
Oil & Natural Gas Corporation Limited 179,921 -24.4% -4.4% 4.2
Sold out of
BSE Limited 88,976 exited — 32.4
TD Power Systems Limited 175,972 exited — 19.9
Corona Remedies Limited 35,673 exited — 7.5
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹10 cr ₹10 cr −₹0 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 27 Sep 2026.