Axis Business Cycles Fund Direct-Growth
Equity: Thematic-Business Cycle - Growth (Open ended) Factsheet
SEBI Riskometer -Very HighCategory -Equity: Thematic-Business CycleBenchmark -NIFTY 500 Total Return Index
NAV: ₹17.56+0.80%
02 Jul 2026
Holdings Analysis
Equity, debt and cash allocation snapshot with market cap distribution for Axis Business Cycles Fund Direct-Growth.
Market Cap Distribution
Large Cap (52.4%)
Mid Cap (24.1%)
Small Cap (23.5%)
Historical Asset Allocation
| Asset | 31 May 2026 | 30 Apr 2026 | 31 Mar 2026 | 28 Feb 2026 | 31 Jan 2026 | 31 Dec 2025 |
|---|---|---|---|---|---|---|
| Equity | 96.69% | 96.10% | 95.14% | 98.21% | 98.41% | 97.83% |
| Debt | 3.29% | 1.41% | 2.16% | 1.42% | 0.79% | 2.46% |
| Others (incl. cash) | 0.01% | 2.50% | 2.70% | 0.37% | 0.79% | -0.30% |
| Commodities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Portfolio Snapshot
No. of Securities
80
P/E Ratio
32.38
P/B Ratio
3.56
Top Holding %
4.08%
Top 5 Holdings %
16.77%
Top 10 Holdings %
28.92%
AUM
₹2,058 Cr
Expense Ratio
1.44%
Since Inception
18.25%
Max Drawdown
-0.19%
Alpha
2.14%
Sharpe Ratio
0.60
Top Portfolio Holdings by Weight
Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.
| Instrument | Sector | No. of Shares | Value (Rs. Cr) | Weight | Change |
|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | Construction | 2,05,760 | 83.88 | 4.08% | 0.08%↑ |
| Axis Bank Ltd. | Financial | 5,65,542 | 72.76 | 3.54% | 0.06%↑ |
| ICICI Bank Ltd. | Financial | 5,54,096 | 69.62 | 3.38% | -0.01%↓ |
| HDFC Bank Ltd. | Financial | 8,52,010 | 63.44 | 3.08% | -0.10%↓ |
| Grasim Industries Ltd. | Materials | 1,77,798 | 55.52 | 2.70% | - |
| Kotak Mahindra Bank Ltd. | Financial | 14,05,049 | 53.98 | 2.62% | 0.01%↑ |
| Mahindra & Mahindra Ltd. | Automobile | 1,69,482 | 51.62 | 2.51% | -0.03%↓ |
| Bharti Airtel Ltd. | Communication | 2,64,664 | 48.41 | 2.35% | -0.07%↓ |
| Eternal Ltd. | Services | 19,23,025 | 48.19 | 2.34% | 1.06%↑ |
| BSE Ltd. | Services | 1,12,715 | 46.73 | 2.27% | 0.28%↑ |
| Reliance Industries Ltd. | Energy | 3,53,445 | 46.7 | 2.27% | -0.18%↓ |
| Indusind Bank Ltd. | Financial | 5,00,032 | 45.72 | 2.22% | 0.00%↑ |
| Cummins India Ltd. | Capital Goods | 70,038 | 41.19 | 2.00% | 0.22%↑ |
| NTPC Ltd. | Energy | 10,57,341 | 40.91 | 1.99% | -0.26%↓ |
| Aether Industries Ltd. | Chemicals | 3,53,903 | 38.86 | 1.89% | -0.12%↓ |
| One97 Communications Ltd. | Services | 3,24,705 | 36.33 | 1.77% | 0.04%↑ |
| Bharat Heavy Electricals Ltd. | Capital Goods | 8,64,538 | 36.03 | 1.75% | 0.28%↑ |
| Jindal Steel Ltd. | Metals & Mining | 2,80,912 | 33.91 | 1.65% | -0.02%↓ |
| Solar Industries India Ltd. | Chemicals | 17,966 | 32.78 | 1.59% | 0.25%↑ |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 3,38,960 | 31.1 | 1.51% | 0.18%↑ |
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Sector-wise Portfolio Allocation
Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.
| Sector | 31 May 2026 | 30 Apr 2026 | 31 Mar 2026 | 28 Feb 2026 | 31 Jan 2026 | 31 Dec 2025 |
|---|---|---|---|---|---|---|
| Financial | 22.99% | 24.50% | 22.08% | 28.30% | 29.99% | 26.39% |
| Services | 11.05% | 8.83% | 8.16% | 8.05% | 7.57% | 9.23% |
| Automobile | 10.98% | 9.41% | 9.17% | 10.09% | 9.65% | 10.08% |
| Capital Goods | 8.96% | 8.40% | 8.70% | 8.27% | 7.57% | 8.43% |
| Chemicals | 7.14% | 7.32% | 6.74% | 5.79% | 4.57% | 4.28% |
| Metals & Mining | 5.64% | 5.38% | 4.87% | 4.87% | 5.85% | 6.12% |
| Energy | 5.37% | 5.95% | 6.34% | 3.99% | 2.95% | 1.05% |
| Healthcare | 5.08% | 5.17% | 7.02% | 7.28% | 6.19% | 6.38% |
| Construction | 4.86% | 4.95% | 4.44% | 4.46% | 4.43% | 5.12% |
| Materials | 4.79% | 4.45% | 4.93% | 4.41% | 4.42% | 4.73% |
| Technology | 3.53% | 3.37% | 3.25% | 2.91% | 5.73% | 5.85% |
| Consumer Staples | 2.88% | 4.01% | 5.58% | 4.42% | 3.49% | 3.52% |
| Communication | 2.35% | 3.31% | 3.33% | 2.90% | 3.28% | 3.04% |
| Textiles | 0.70% | 0.68% | - | 0.61% | 0.60% | 1.44% |
| Insurance | 0.36% | 0.35% | 0.36% | 1.70% | 1.60% | 1.68% |
| Consumer Discretionary | 0.00% | 0.00% | 0.00% | - | 0.39% | 0.49% |
Equity Insights
A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.
Style Analysis
Value score
38.3 / 100
Weighted average Value score is 38.3. This indicates that portfolio is relatively reasonably valued using composite of value measures.
Price Momentum score
62.3 / 100
Weighted average Price Momentum score is 62.3. This indicates that portfolio has average momentum using composite of momentum measures.
Quality score
72.9 / 100
Weighted average Quality score is 72.9. This indicates that portfolio has average quality using composite of quality measures.
QVM score
64.2 / 100
Weighted average QVM score is 64.2. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.
Red Flags
Frequently Asked Questions
What are the top holdings of Axis Business Cycles Fund Direct-Growth?
The top holdings of Axis Business Cycles Fund Direct-Growth sorted by portfolio weight are listed in the Top Portfolio Holdings section of the Holdings tab.
How many stocks does Axis Business Cycles Fund Direct-Growth hold in its portfolio?
Axis Business Cycles Fund Direct-Growth holds 80 securities in its portfolio. The top 5 holdings account for 16.77% of the portfolio and the top 10 for 28.92%.
What is the sector allocation of Axis Business Cycles Fund Direct-Growth?
The sector allocation of Axis Business Cycles Fund Direct-Growth is in the Sector Allocation section, showing each industry's weight in the portfolio.
What is the equity and debt allocation of Axis Business Cycles Fund Direct-Growth?
As of 31 May 2026, Axis Business Cycles Fund Direct-Growth has 96.69% in equity, 3.29% in debt and 0.01% in cash/others. This asset mix determines the fund's overall risk-return profile.
What is the market cap allocation of Axis Business Cycles Fund Direct-Growth?
Axis Business Cycles Fund Direct-Growth's equity portfolio — Large Cap: 52.40%, Mid Cap: 24.12%, Small Cap: 23.49%. Market cap allocation determines the fund's risk profile — large cap offers stability while mid and small cap offer higher growth potential with higher volatility.
Is Axis Business Cycles Fund Direct-Growth a concentrated or diversified fund?
Axis Business Cycles Fund Direct-Growth holds 80 securities, with the top 10 accounting for 28.92% of the portfolio and the top 5 for 16.77%. This is a moderately diversified fund balancing conviction positions with risk spread.
What is the credit quality of Axis Business Cycles Fund Direct-Growth?
The credit quality breakdown of Axis Business Cycles Fund Direct-Growth's debt portfolio is in the Credit Rating section. For equity-oriented funds, this section may not be applicable.
How often does Axis Business Cycles Fund Direct-Growth change its portfolio?
The portfolio currently holds 80 securities with the top 10 accounting for 28.92% as of 31 May 2026. Portfolio turnover reflects how actively the fund manager trades. A high turnover increases transaction costs while a low turnover reflects a buy-and-hold approach. Historical asset allocation snapshots across multiple dates are in the Holdings Analysis section.
What is the PE ratio of Axis Business Cycles Fund Direct-Growth's portfolio?
The weighted average PE ratio of Axis Business Cycles Fund Direct-Growth's portfolio is 32.38 and the PB ratio is 3.56. These metrics reflect the overall valuation and interest rate sensitivity of the portfolio.
When is the latest portfolio disclosure for Axis Business Cycles Fund Direct-Growth?
The latest portfolio disclosure for Axis Business Cycles Fund Direct-Growth is as of 31 May 2026. Mutual funds and ETFs in India are required to disclose their full portfolio monthly, within 10 business days of month-end. You can switch between historical disclosure dates using the date selector in the Top Portfolio Holdings section.