Axis Business Cycles Fund
Equity, % of fund95.7%Rest 4.3%: debt, money market, cash, REIT/InvIT units and other assets, not itemised here
Top 10 stocks, % of fund28.8%as the AMC's file prints % of NAV
New4stocks, by share count
Added11stocks, by share count
Trimmed12stocks, by share count
Exited2stocks, by share count
Stocks held by month, last 12 months collected. Source: Axis Mutual Fund monthly portfolios.
| Stock | Change | Shares before | Shares now | Difference | Value |
|---|---|---|---|---|---|
| CANBK | New | — | 16.67 lakh | +16.67 lakh | ₹21.2 cr |
| SHRIPISTON | New | — | 27,560 | +27,560 | ₹12.7 cr |
| JSL | New | — | 87,397 | +87,397 | ₹6.1 cr |
| DHOOTTRANS | New | — | 25,411 | +25,411 | ₹3.7 cr |
| KOTAKBANK | Added | 12.65 lakh | 12.80 lakh | +14,817 | ₹53.7 cr |
| PTCIL | Added | 18,643 | 20,421 | +1,778 | ₹45.2 cr |
| VMM | Added | 24.31 lakh | 27.20 lakh | +2.88 lakh | ₹30.1 cr |
| HINDZINC | Added | 3.06 lakh | 3.75 lakh | +69,441 | ₹22.3 cr |
| AMBER | Added | 23,227 | 29,168 | +5,941 | ₹22.2 cr |
| HINDCOPPER | Added | 3.02 lakh | 4.21 lakh | +1.19 lakh | ₹22.1 cr |
| ABB | Added | 16,997 | 28,349 | +11,352 | ₹21.7 cr |
| DELHIVERY | Added | 4.44 lakh | 4.63 lakh | +18,250 | ₹21.1 cr |
| BHARATFORG | Added | 66,949 | 97,298 | +30,349 | ₹20.5 cr |
| SWIGGY | Added | 6.75 lakh | 6.78 lakh | +3,199 | ₹19.1 cr |
| SAPPHIRE | Added | 6.79 lakh | 7.46 lakh | +67,316 | ₹17.5 cr |
| AETHER | Trimmed | 3.15 lakh | 3.10 lakh | −5,066 | ₹52.5 cr |
| M&M | Trimmed | 1.69 lakh | 1.50 lakh | −19,557 | ₹49.2 cr |
| RELIANCE | Trimmed | 3.25 lakh | 3.17 lakh | −7,219 | ₹40.5 cr |
| ETERNAL | Trimmed | 14.78 lakh | 10.94 lakh | −3.85 lakh | ₹35.9 cr |
| BAJFINANCE | Trimmed | 4.72 lakh | 3.16 lakh | −1.57 lakh | ₹33.4 cr |
| SONACOMS | Trimmed | 4.05 lakh | 3.72 lakh | −33,518 | ₹30.2 cr |
| JYOTICNC | Trimmed | 3.64 lakh | 2.82 lakh | −81,744 | ₹28.0 cr |
| MAXHEALTH | Trimmed | 2.06 lakh | 1.67 lakh | −38,951 | ₹17.4 cr |
| AARTIIND | Trimmed | 6.31 lakh | 3.02 lakh | −3.28 lakh | ₹15.9 cr |
| WELCORP | Trimmed | 84,958 | 56,890 | −28,068 | ₹13.6 cr |
| ANTHEM | Trimmed | 2.57 lakh | 1.52 lakh | −1.05 lakh | ₹13.6 cr |
| ONGC | Trimmed | 7.36 lakh | 5.56 lakh | −1.80 lakh | ₹12.9 cr |
| BSE | Exited | 88,976 | — | −88,976 | ₹32.4 cr |
| CORONA | Exited | 35,673 | — | −35,673 | ₹7.5 cr |
| TDPOWERSYS | ISIN changed | 1.76 lakh | 3.52 lakh | — | ₹27.3 cr |
Value: this month's market value in the AMC's file (an exit: last month's). "ISIN changed" = a split or bonus between the months; share counts are not comparable across it. Source: Axis Mutual Fund monthly portfolios.
| Sector | ||||
|---|---|---|---|---|
| LT Larsen & Toubro Limited | Construction | 2.06 lakh | ₹83.2 cr | 3.84% |
| ICICIBANK ICICI Bank Limited | Financial Services | 5.54 lakh | ₹80.6 cr | 3.72% |
| AXISBANK Axis Bank Limited | Financial Services | 5.99 lakh | ₹77.9 cr | 3.59% |
| HDFCBANK HDFC Bank Limited | Financial Services | 9.03 lakh | ₹64.1 cr | 2.95% |
| GRASIM Grasim Industries Limited | Construction Materials | 1.78 lakh | ₹59.9 cr | 2.76% |
| KOTAKBANK Kotak Mahindra Bank Limited | Financial Services | 12.80 lakh | ₹53.7 cr | 2.48% |
| AETHER Aether Industries Limited | Chemicals | 3.10 lakh | ₹52.5 cr | 2.42% |
| BHARTIARTL Bharti Airtel Limited | Telecommunication | 2.86 lakh | ₹51.9 cr | 2.39% |
| INDUSINDBK IndusInd Bank Limited | Financial Services | 5.00 lakh | ₹50.8 cr | 2.34% |
| M&M Mahindra & Mahindra Limited | Automobile and Auto Components | 1.50 lakh | ₹49.2 cr | 2.27% |
| PAYTM One 97 Communications Limited | Financial Services | 2.78 lakh | ₹47.7 cr | 2.20% |
| PTCIL PTC Industries Limited | Capital Goods | 20,421 | ₹45.2 cr | 2.08% |
| HCLTECH HCL Technologies Limited | Information Technology | 3.22 lakh | ₹42.3 cr | 1.95% |
| RELIANCE Reliance Industries Limited | Oil, Gas & Consumable Fuels | 3.17 lakh | ₹40.5 cr | 1.87% |
| ETERNAL ETERNAL LIMITED | Consumer Services | 10.94 lakh | ₹35.9 cr | 1.65% |
| JINDALSTEL JINDAL STEEL LIMITED | Metals & Mining | 2.81 lakh | ₹33.5 cr | 1.55% |
| BAJFINANCE Bajaj Finance Limited | Financial Services | 3.16 lakh | ₹33.4 cr | 1.54% |
| SOLARINDS Solar Industries India Limited | Chemicals | 15,674 | ₹31.5 cr | 1.45% |
| CREDITACC CREDITACCESS GRAMEEN LIMITED | Financial Services | 2.31 lakh | ₹31.5 cr | 1.45% |
| MANKIND Mankind Pharma Limited | Healthcare | 1.26 lakh | ₹30.4 cr | 1.40% |
| SONACOMS Sona BLW Precision Forgings Limited | Automobile and Auto Components | 3.72 lakh | ₹30.2 cr | 1.39% |
| VMM Vishal Mega Mart Limited | Consumer Services | 27.20 lakh | ₹30.1 cr | 1.39% |
| TMCV Tata Motors Limited | Capital Goods | 6.09 lakh | ₹28.7 cr | 1.32% |
| JYOTICNC Jyoti CNC Automation Limited | Capital Goods | 2.82 lakh | ₹28.0 cr | 1.29% |
| NTPC NTPC Limited | Power | 8.54 lakh | ₹28.0 cr | 1.29% |
| BOSCHLTD Bosch Limited | Automobile and Auto Components | 5,502 | ₹27.5 cr | 1.27% |
| TDPOWERSYS TD Power Systems Limited | Capital Goods | 3.52 lakh | ₹27.3 cr | 1.26% |
| HYUNDAI Hyundai Motor India Limited | Automobile and Auto Components | 1.19 lakh | ₹26.3 cr | 1.22% |
| ASIANPAINT Asian Paints Limited | Consumer Durables | 93,285 | ₹24.8 cr | 1.14% |
| ENDURANCE Endurance Technologies Limited | Automobile and Auto Components | 80,803 | ₹23.2 cr | 1.07% |
| TITAGARH TITAGARH RAIL SYSTEMS LIMITED | Capital Goods | 2.80 lakh | ₹22.9 cr | 1.05% |
| BAJAJFINSV Bajaj Finserv Limited | Financial Services | 1.12 lakh | ₹22.6 cr | 1.04% |
| HINDZINC Hindustan Zinc Limited | Metals & Mining | 3.75 lakh | ₹22.3 cr | 1.03% |
| AMBER Amber Enterprises India Limited | Consumer Durables | 29,168 | ₹22.2 cr | 1.03% |
| PNBHOUSING PNB Housing Finance Limited | Financial Services | 1.93 lakh | ₹22.2 cr | 1.02% |
| HINDCOPPER Hindustan Copper Limited | Metals & Mining | 4.21 lakh | ₹22.1 cr | 1.02% |
| COFORGE Coforge Limited | Information Technology | 1.10 lakh | ₹21.8 cr | 1.00% |
| BRIGADE Brigade Enterprises Limited | Realty | 3.31 lakh | ₹21.7 cr | 1.00% |
| ABB ABB India Limited | Capital Goods | 28,349 | ₹21.7 cr | 1.00% |
| CANBK Canara Bank | Financial Services | 16.67 lakh | ₹21.2 cr | 0.98% |
| DELHIVERY Delhivery Limited | Services | 4.63 lakh | ₹21.1 cr | 0.97% |
| NAUKRI Info Edge (India) Limited | Consumer Services | 1.58 lakh | ₹20.7 cr | 0.96% |
| BHARATFORG Bharat Forge Limited | Automobile and Auto Components | 97,298 | ₹20.5 cr | 0.94% |
| AMBUJACEM Ambuja Cements Limited | Construction Materials | 5.04 lakh | ₹20.2 cr | 0.93% |
| VAML Vedanta Aluminium Metal Limited | Metals & Mining | 4.53 lakh | ₹19.7 cr | 0.91% |
| RBLBANK RBL Bank Limited | Financial Services | 5.12 lakh | ₹19.5 cr | 0.90% |
| SWIGGY Swiggy Limited | Consumer Services | 6.78 lakh | ₹19.1 cr | 0.88% |
| PINELABS Pine Labs Limited | Financial Services | 11.47 lakh | ₹18.8 cr | 0.87% |
| RHIM RHI MAGNESITA INDIA LIMITED | Capital Goods | 5.04 lakh | ₹18.7 cr | 0.86% |
| CUMMINSIND Cummins India Limited | Capital Goods | 36,144 | ₹18.5 cr | 0.85% |
| FLUOROCHEM Gujarat Fluorochemicals Limited | Chemicals | 37,562 | ₹17.6 cr | 0.81% |
| SAPPHIRE Sapphire Foods India Limited | Consumer Services | 7.46 lakh | ₹17.5 cr | 0.81% |
| MAXHEALTH Max Healthcare Institute Limited | Healthcare | 1.67 lakh | ₹17.4 cr | 0.80% |
| JUBLFOOD Jubilant Foodworks Limited | Consumer Services | 3.42 lakh | ₹17.0 cr | 0.78% |
| JUBLINGREA Jubilant Ingrevia Limited | Chemicals | 2.50 lakh | ₹16.9 cr | 0.78% |
| HCG Healthcare Global Enterprises Limited | Healthcare | 2.26 lakh | ₹16.6 cr | 0.76% |
| MINDACORP Minda Corporation Limited | Automobile and Auto Components | 2.28 lakh | ₹16.2 cr | 0.75% |
| AARTIIND Aarti Industries Limited | Chemicals | 3.02 lakh | ₹15.9 cr | 0.73% |
| UNITDSPR United Spirits Limited | Fast Moving Consumer Goods | 1.06 lakh | ₹15.8 cr | 0.73% |
| MPHASIS MphasiS Limited | Information Technology | 64,081 | ₹15.6 cr | 0.72% |
| CHALET Chalet Hotels Limited | Consumer Services | 1.65 lakh | ₹14.9 cr | 0.69% |
| HAL Hindustan Aeronautics Limited | Capital Goods | 30,296 | ₹14.5 cr | 0.67% |
| CUB City Union Bank Limited | Financial Services | 6.27 lakh | ₹14.4 cr | 0.66% |
| WELCORP Welspun Corp Limited | Capital Goods | 56,890 | ₹13.6 cr | 0.63% |
| PAGEIND Page Industries Limited | Textiles | 3,799 | ₹13.6 cr | 0.63% |
| ANTHEM Anthem Biosciences Limited | Healthcare | 1.52 lakh | ₹13.6 cr | 0.63% |
| HINDUNILVR Hindustan Unilever Limited | Fast Moving Consumer Goods | 67,676 | ₹13.3 cr | 0.61% |
| TIINDIA Tube Investments of India Limited | Automobile and Auto Components | 47,783 | ₹13.3 cr | 0.61% |
| PIIND PI Industries Limited | Chemicals | 55,882 | ₹13.2 cr | 0.61% |
| ONGC Oil & Natural Gas Corporation Limited | Oil, Gas & Consumable Fuels | 5.56 lakh | ₹12.9 cr | 0.59% |
| ALKEM Alkem Laboratories Limited | Healthcare | 24,158 | ₹12.9 cr | 0.59% |
| SHRIPISTON SPR Auto Technologies Limited | Automobile and Auto Components | 27,560 | ₹12.7 cr | 0.59% |
| 360ONE 360 ONE WAM LIMITED | Financial Services | 1.06 lakh | ₹12.5 cr | 0.58% |
| SJS S.J.S. Enterprises Limited | Automobile and Auto Components | 44,349 | ₹11.0 cr | 0.51% |
| TECHM Tech Mahindra Limited | Information Technology | 64,136 | ₹10.4 cr | 0.48% |
| SBILIFE SBI Life Insurance Company Limited | Financial Services | 46,205 | ₹8.0 cr | 0.37% |
| ABREL Aditya Birla Real Estate Limited | Realty | 58,447 | ₹7.9 cr | 0.37% |
| JSL Jindal Stainless Limited | Metals & Mining | 87,397 | ₹6.1 cr | 0.28% |
| DHOOTTRANS Dhoot Transmission Limited | Automobile and Auto Components | 25,411 | ₹3.7 cr | 0.17% |
Equity rows as disclosed, Aug 2026. Source: Axis Mutual Fund monthly portfolio.
- Financial Services27.9%
- Capital Goods11.5%
- Automobile and Auto Components11.3%
- Consumer Services7.5%
- Chemicals7.1%
- Metals & Mining5.0%
- Healthcare4.4%
- Information Technology4.3%
- Construction4.0%
- Construction Materials3.9%
- Oil, Gas & Consumable Fuels2.6%
- Telecommunication2.5%
- Consumer Durables2.3%
- Realty1.4%
- Fast Moving Consumer Goods1.4%
- Power1.3%
- Services1.0%
- Textiles0.7%
AMFI's 22 sectors; one sector per stock, from the fund houses' industry labels. Source: Axis Mutual Fund monthly portfolio; AMFI.
- Large Cap50.6%
- Small Cap24.0%
- Mid Cap23.9%
- Not in AMFI's list1.5%
AMFI's list of Jun 2026. Source: Axis Mutual Fund monthly portfolio; AMFI.
| Period | Return | From | To |
|---|---|---|---|
| 1 year | +4.23 % in total | 25 Sep 2025 · NAV ₹17.0400 | 25 Sep 2026 · NAV ₹17.7600 |
| 3 years | +13.60 % a year, compounded | 25 Sep 2023 · NAV ₹12.1100 | 25 Sep 2026 · NAV ₹17.7600 |
| Since first NAV | +17.35 % a year, compounded | 27 Feb 2023 · NAV ₹10.0200 | 25 Sep 2026 · NAV ₹17.7600 |
Past performance may not be sustained in future.
Point-to-point change in the plan's NAV between the two dates shown, as AMFI publishes it; over a year, compounded a year. A period is shown only when a NAV exists within 7 days before its start date. Source: AMFI NAV files (plan code 151368).
Other schemes of Axis Mutual Fund (51)
A to ZAxis Aggressive Hybrid FundAxis Arbitrage FundAxis BSE India Sector Leaders Index FundAxis BSE Sensex ETFAxis BSE Sensex Index FundAxis Balanced Advantage FundAxis Children's FundAxis Conservative Hybrid FundAxis Consumption FundAxis ELSS- Tax Saver FundAxis ESG Integration Strategy FundAxis Equity Savings FundAxis Flexi Cap FundAxis Focused FundAxis India Manufacturing FundAxis Innovation FundAxis Large & Mid Cap FundAxis Large Cap FundAxis Midcap FundAxis Momentum FundAxis Multi Asset Allocation FundAxis Multicap FundAxis NIFTY Bank ETFAxis NIFTY Healthcare ETFAxis NIFTY IT ETFAxis NIFTY India Consumption ETFAxis Nifty 100 Index FundAxis Nifty 50 ETFAxis Nifty 50 Index FundAxis Nifty 500 Index FundAxis Nifty Bank Index FundAxis Nifty Capital Markets Index FundAxis Nifty Energy ETFAxis Nifty Energy Index FundAxis Nifty IT Index FundAxis Nifty India Defence Index FundAxis Nifty Midcap 50 Index FundAxis Nifty Next 50 Index FundAxis Nifty Smallcap 50 Index FundAxis Nifty50 Equal Weight Index FundAxis Nifty500 Momentum 50 Index FundAxis Nifty500 Quality 50 Index FundAxis Nifty500 Value 50 ETFAxis Nifty500 Value 50 Index FundAxis Quant FundAxis Retirement Fund - Aggressive PlanAxis Retirement Fund - Conservative PlanAxis Retirement Fund - Dynamic PlanAxis Services Opportunities FundAxis Small Cap FundAxis Value Fund