Axis Business Cycles Fund Direct-IDCW
NAV as of Aug 29, 2024
16.96-0.18%
(Earn upto 1.30% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.64%(0.64% Category
average)Fund Size:
Rs. 2,919.99 Cr(1.68% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Business Cycles Fund Direct-IDCW
NAV as of Aug 29, 2024
16.96-0.18%
Expense Ratio:
0.64%
Fund Size:
Rs. 2,919.99 Cr
Fund Category:
Equity: Thematic
1. Current NAV: The Current Net Asset Value of the Axis Business Cycles Fund - Direct Plan as of Aug 29, 2024 is Rs 16.96 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 42.5% (1yr) and 41.94% (since launch). Whereas, Category returns for the same time duration are: 48.27% (1yr), 21.79% (3yr) and 24.35% (5yr).
3. Fund Size: The Axis Business Cycles Fund - Direct Plan currently holds Assets under Management worth of Rs 2919.99 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.64% for Direct plan as on Aug 23, 2024.
5. Exit Load: Axis Business Cycles Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Business Cycles Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.47 11.21 19.51 41.53 - - Category Avg 0.57 11.65 21.71 47.46 21.74 24.55 Rank within Category 54 45 43 36 - - No. of funds within Category 104 90 78 67 31 19 - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkNIFTY 500 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Axis Business Cycles Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks 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.
Fund House | Axis Mutual Fund |
Launch Date | Feb 22, 2023 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 41.69% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Axis Business Cycles Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 75 | 71 | 73 | 70 | 69 | 66 |
Top 5 Company Holdings | 20.25% | 22.38% | 21.13% | 22.51% | 22.72% | 20.96% |
Top 10 Company Holdings | 31.89% | 33.1% | 32.91% | 33.82% | 35.45% | 34.14% |
Company with Highest Exposure | HDFC Bank (5.41%) | HDFC Bank (6.08%) | HDFC Bank (5.22%) | HDFC Bank (5.13%) | Reliance Industries (5.3%) | Reliance Industries (4.7%) |
Number of Sectors | 17 | 16 | 17 | 17 | 17 | 16 |
Top 3 Sector Holdings | 40.22% | 43.6% | 44.58% | 43.91% | 44.12% | 43.09% |
Top 5 Sector Holdings | 55.3% | 60.21% | 60.45% | 59.96% | 61.28% | 61.66% |
Sector with Highest Exposure | Financial (22.24%) | Financial (23.29%) | Financial (22.93%) | Financial (23.59%) | Financial (22.59%) | Financial (21.06%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.41 18.27 89.60 3.03 ICICI Bank Financial 5.16 18.65 65.91 26.26 Reliance Industries Energy 3.58 29.72 101.60 25.68 Infosys Technology 3.2 30.28 64.20 36.38 State Bank of India Financial 2.9 10.55 77.28 41.69 Bharti Airtel Communication 2.62 96.53 16.46 83.10 Tata Consultancy Technology 2.42 35.15 129.55 33.64 CreditAccess Grameen Financial 2.33 13.02 93.79 -14.38 REC Financial 2.14 11.15 55.59 156.29 Sona BLW Precision Forgings Automobile 2.13 - - -
![Discover Mutual Funds](/https/economictimes.indiatimes.com/photo/msid-100097201,quality-100/discover-mf.jpg)
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Business Cycles Fund Direct-IDCW 16.96 Unrated 2,919.99 0.71 42.10 - - Aditya Birla Sun Life Transportation and Logistics Fund Direct-IDCW 15.45 Unrated 1,612.99 1.37 - - - Taurus Ethical Fund Direct- IDCW 104.38 Unrated 223.67 1.64 46.84 20.05 24.50 Mahindra Manulife Manufacturing Fund Direct - IDCW 10.22 Unrated 896.28 -1.68 - - - Aditya Birla Sun Life Special Opportunities Fund Direct-IDCW 21.41 Unrated 792.08 1.96 45.40 19.13 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Axis Mutual Fund News
Fund Manager
- A.N.Ashish NaikSince Feb 20239 schemes
- M.H.Mayank HyankiSince Apr 20245 schemes
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Balanced Advantage Fund Direct-IDCW Dynamic Asset Allocation 15.15 2,466.12 31.78 Axis Nifty 100 Index Fund Direct-IDCW Large Cap 23.12 1,650.89 36.71 Axis ELSS Tax Saver Direct Plan-IDCW ELSS 59.34 38,278.40 37.49 Axis Bluechip Fund Direct Plan-IDCW Large Cap 28.68 35,013.27 34.41 Axis Equity Hybrid Fund Direct-IDCW Aggressive Hybrid 15.84 1,682.75 28.63 Axis Nifty Bank Index Fund Direct-IDCW Sectoral-Banking 10.47 Unrated 123.11 - Axis BSE Sensex Index Fund Direct-IDCW Large Cap 11.33 Unrated 44.94 - Axis Quant Fund Direct-IDCW Thematic 18.27 Unrated 1,166.82 42.18 Axis Innovation Fund Direct-IDCW Thematic 19.35 Unrated 1,277.08 39.31 Mr. Hyanki has done B.Tech and PGDM, Finance Prior to joining Axis Mutual Fund, he has worked with Reliance, Birla Sun Life Asset Management Company Ltd and ING Investment Management (I) Pvt Ltd
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Small Cap Fund Direct-IDCW Small Cap 57.92 23,399.15 40.03 Axis Equity Saver Fund Direct-IDCW Equity Savings 14.20 982.84 20.81 Axis Nifty Midcap 50 Index Fund Direct-IDCW Mid Cap 20.01 Unrated 392.20 48.41 Axis Innovation Fund Direct-IDCW Thematic 19.35 Unrated 1,277.08 39.31 Axis Nifty Smallcap 50 Index Fund Direct-IDCW Small Cap 19.37 Unrated 397.63 63.81
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis Liquid Direct Fund-Growth | 36,518.03 | 0.61 | 1.88 | 3.78 | 7.38 | 5.81 | |
Axis ELSS Tax Saver Direct Plan-Growth | 34,895.64 | 5.88 | 12.94 | 16.49 | 28.53 | 12.29 | |
Axis Bluechip Fund Direct Plan-Growth | 32,707.97 | 5.07 | 9.84 | 14.88 | 29.15 | 12.76 | |
Axis Midcap Direct Plan-Growth | 27,747.62 | 9.28 | 24.82 | 28.54 | 47.94 | 23.49 | |
Axis Small Cap Fund Direct-Growth | 20,504.37 | 7.47 | 19.86 | 18.00 | 40.03 | 27.49 | |
Axis Banking & PSU Debt Direct Plan-Growth | 13,660.32 | 0.59 | 1.79 | 3.66 | 6.78 | 5.48 | |
Axis Focused Direct Plan-Growth | 13,341.11 | 6.47 | 11.45 | 14.90 | 25.08 | 9.58 | |
Axis Growth Opportunities Fund Direct-Growth | 12,424.49 | 8.81 | 15.61 | 23.14 | 39.92 | 21.13 | |
Axis Flexi Cap Fund Direct-Growth | 12,011.72 | 7.54 | 17.00 | 19.90 | 35.02 | 15.80 | |
Axis Overnight Fund Direct-Growth | 9,383.44 | 0.56 | 1.67 | 3.37 | 6.84 | 5.45 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Axis Mutual Fund
- Mirae Asset Mutual Fund
- Edelweiss Mutual Fund
- DSP Mutual Fund
- Tata Mutual Fund
- Bandhan Mutual Fund
- HSBC Mutual Fund
- Franklin Templeton Mutual Fund
1. Axis Business Cycles Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Feb 22, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 97.94% in equities, 2.22% in debts and -0.16% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.89% of the assets, the top 3 sectors constitute around 40.22% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Business Cycles Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Axis Business Cycles Fund Direct-IDCW
- Is it safe to invest in Axis Business Cycles Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Business Cycles Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis Business Cycles Fund - Direct Plan?Axis Business Cycles Fund - Direct Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Axis Business Cycles Fund - Direct Plan?The suggested investment horizon of investing into Axis Business Cycles Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Business Cycles Fund - Direct Plan?The Axis Business Cycles Fund - Direct Plan is managed by Ashish Naik (Since Feb 02, 2023) and Mayank Hyanki (Since Apr 05, 2024).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.