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OmniAsset › Mutual funds › Axis Business Cycles Fund

Axis Business Cycles Fund

Sectoral / Thematic fund benchmarked to Nifty 500 TRI. Every figure below is read from one dated snapshot; what the snapshot cannot prove is left out, never estimated.

Latest NAV2 Sep 202618.15
CategorySectoral / Thematic
PlanDirect · Growth
Launched2 Feb 2023
Risk labelthe scheme's own riskometerVery High
Legal benchmarkSEBI Tier-1Nifty 500 TRI
Expense ratiodirect plan, a year1.59%
AUM₹94.1 Cr
Growth of ₹10,000₹18,11427 Feb 2023 to 2 Sep 2026
₹18,363₹16,229₹14,096₹11,963₹9,830Feb 2023Jan 2024Dec 2024Oct 2025Sep 2026
₹18,114 (+18.4% a year) Axis Business Cycles Fund

Performance (trailing, annualised)

1Y annualised7.47%
3Y annualised14.39%

Point-to-point from the fund's own published NAV; a period the history does not span is left out.

SIP returns

SIP 1Y (₹10,000 a month)invested ₹1,20,000 → worth ₹1,27,89412.37%
SIP 3Y (₹10,000 a month)invested ₹3,60,000 → worth ₹4,16,9599.77%

₹10,000 on the first of every month, valued at the latest NAV, as an annualised rate (XIRR).

Calendar years

Calendar 202421.14%
Calendar 20254.47%

Rolling returns

Rolling 1Y · average130 windows since 28 Feb 202416.81%
Rolling 1Y · median8.41%
Rolling 1Y · worst window-3.78%
Rolling 1Y · best window45.98%
Rolling 1Y · windows positive91%
Rolling 3Y · average27 windows since 27 Feb 202616.04%
Rolling 3Y · median15.69%
Rolling 3Y · worst window13.93%
Rolling 3Y · best window19.52%
Rolling 3Y · windows positive100%

Every window of that length in the published history, so one lucky start date cannot flatter the fund.

Risk

Volatility (3Y)14.89%
Downside deviation (3Y)10.88%
Maximum drawdown-19.25%

Management

Fund managerMr. Ashish Naik
Managing since2 Sep 2026

What it holds

SecurityWeight
Larsen & Toubro Ltd4.1%
ICICI Bank Ltd3.6%
Axis Bank Ltd3.6%
HDFC Bank Ltd3.3%
Grasim Industries Ltd2.6%
Kotak Mahindra Bank Ltd2.6%
Mahindra & Mahindra Ltd2.5%
Zomato Ltd2.4%
Bharti Airtel Ltd2.3%
Aether Industries Ltd2.3%
SectorWeight
Financial26.5%
Materials19.8%
Industrials17.3%
Consumer Discretionary12.1%
Technology9.2%

Portfolio disclosed: 97.8% by weight.

Related

Source: the OmniAsset signed reference snapshot, as of 4 Sep 2026. Figures are deterministic; missing data is withheld, never estimated. See methodology and data sources. Not investment advice.

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