GMP IPO Watch
Axis Business Cycles Fund
Regular Plan · IDCW Option · Axis Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.71% | +3.52% | 140 of 255 |
| 1M | +1.32% | +1.97% | 167 of 255 |
| 3M | -3.52% | -3.45% | 117 of 252 |
| 6M | -5.65% | +2.92% | 124 of 251 |
| YTD | -8.02% | +1.21% | 124 of 255 |
| 1Y | -8.36% | +1.11% | 121 of 232 |
| 2Y | -2.05% | +2.39% | 98 of 187 |
| 3Y | +8.63% | +12.36% | 78 of 142 |
| INCEPTION | +12.29% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +3.46% | +17.20% | -15.59% | 65% | 26% |
| 6M | +6.69% | +26.23% | -16.91% | 66% | 27% |
| 1Y | +13.42% | +44.31% | -13.45% | 76% | 32% |
| 2Y | +10.56% | +24.04% | -5.95% | 81% | 35% |
| 3Y | +12.25% | +17.90% | +7.22% | 100% | 44% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity95.60%
- Debt0.49%
- Cash3.85%
- Other0.06%
Market Cap Split
- Large Cap47.87%
- Mid Cap23.46%
- Small Cap24.27%
- Others4.40%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 27.27 | 28.09 |
| P/B | 3.30 | 4.63 |
| Price / Sales | 3.29 | 3.31 |
| Price / Cash Flow | 19.78 | 21.08 |
| Dividend Yield (%) | 0.83 | 1.16 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Larsen & Toubro | Construction | 3.79% | -0.05% |
| Axis Bank | Banks | 3.60% | +0.01% |
| ICICI Bank | Banks | 3.59% | -0.13% |
| HDFC Bank | Banks | 3.34% | +0.39% |
| Clearing Corporation of India Ltd | Net Current Assets | 3.09% | — |
| Kotak Bank | Banks | 2.72% | +0.24% |
| Grasim Industries | Cement & Cement Products | 2.67% | -0.09% |
| Aether Industries | Chemicals & Petrochemicals | 2.58% | +0.16% |
| Bharti Airtel | Telecom - Services | 2.47% | +0.08% |
| PTC Industries | Industrial Products | 2.22% | +0.14% |
| Indusind Bank | Banks | 2.21% | -0.13% |
| Reliance Industries | Petroleum Products | 2.17% | +0.30% |
| One 97 Communications | Financial Technology (Fintech) | 1.96% | -0.24% |
| HCL Technologies | IT - Software | 1.94% | -0.01% |
| Jindal Steel | Ferrous Metals | 1.56% | +0.01% |
View all 88 holdings
| Eternal | Retailing | 1.56% | -0.09% |
| Solar Industries | Chemicals & Petrochemicals | 1.51% | +0.06% |
| Sona BLW Precision Forgings | Auto Components | 1.51% | +0.12% |
| Mahindra & Mahindra | Automobiles | 1.50% | -0.77% |
| Bajaj Finance | Finance | 1.49% | -0.05% |
| Credit Access Grameen | Finance | 1.44% | -0.01% |
| NTPC | Power | 1.35% | +0.06% |
| Vishal Mega Mart | Retailing | 1.35% | -0.04% |
| Bosch | Auto Components | 1.27% | +0.00% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 1.26% | -0.06% |
| TD Power Systems | Electrical Equipment | 1.19% | -0.07% |
| Hyundai Motor India | Automobiles | 1.19% | -0.03% |
| PNB Housing Finance | Finance | 1.16% | +0.14% |
| Titagarh Rail Systems | Industrial Manufacturing | 1.12% | +0.07% |
| Asian Paints | Consumer Durables | 1.10% | -0.04% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 1.09% | — |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 1.08% | -0.32% |
| Endurance Technologies | Auto Components | 1.05% | -0.02% |
| Hindustan Zinc | Non - Ferrous Metals | 1.04% | +0.01% |
| RBL Bank | Banks | 1.01% | +0.11% |
| Canara Bank | Banks | 0.98% | +0.00% |
| Hindustan Copper | Non - Ferrous Metals | 0.98% | -0.04% |
| Pine Labs | Financial Technology (Fintech) | 0.97% | +0.10% |
| Amber Enterprises | Consumer Durables | 0.95% | -0.08% |
| Delhivery | Transport Services | 0.95% | -0.02% |
| RHI Magnesita | Industrial Products | 0.95% | +0.09% |
| Bajaj Finserv | Finance | 0.95% | -0.09% |
| ABB | Electrical Equipment | 0.94% | -0.06% |
| Brigade Enterprises | Realty | 0.93% | -0.07% |
| Ambuja Cements | Cement & Cement Products | 0.92% | -0.01% |
| Bharat Forge | Auto Components | 0.92% | -0.02% |
| Vedanta Aluminium Metal | Non - Ferrous Metals | 0.92% | +0.01% |
| PI Industries | Fertilizers & Agrochemicals | 0.87% | +0.26% |
| Cummins | Industrial Products | 0.84% | -0.01% |
| Swiggy | Retailing | 0.83% | -0.05% |
| Gujarat Fluorochemicals | Chemicals & Petrochemicals | 0.81% | +0.00% |
| Jubilant Ingrevia | Chemicals & Petrochemicals | 0.80% | +0.02% |
| Minda Corporation | Auto Components | 0.77% | +0.02% |
| Neogen Chemicals | Chemicals & Petrochemicals | 0.76% | — |
| Welspun Corp | Industrial Products | 0.76% | +0.13% |
| Net Receivables / (Payables) | Net Current Assets | 0.76% | — |
| Healthcare Global Enterprises | Equity | 0.74% | -0.02% |
| United Spirits | Beverages | 0.71% | -0.02% |
| Sapphire Foods | Leisure Services | 0.70% | -0.11% |
| Hindustan Aeronautics | Aerospace & Defense | 0.69% | +0.02% |
| Jindal Stainless | Ferrous Metals | 0.69% | +0.41% |
| Chalet Hotels | Leisure Services | 0.68% | -0.01% |
| Page Industries | Textiles & Apparels | 0.68% | +0.05% |
| Max Healthcare Institute | Equity | 0.68% | -0.12% |
| Mphasis | IT - Software | 0.68% | -0.04% |
| SPR Auto Technologies | Auto Components | 0.64% | +0.05% |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 0.64% | +0.01% |
| Oil & Natural Gas Corporation | Oil | 0.62% | +0.03% |
| Alkem Laboratories | Pharmaceuticals & Biotechnology | 0.61% | +0.02% |
| Marico | Agricultural Food & other Products | 0.57% | — |
| Tube Investment | Auto Components | 0.56% | -0.05% |
| 360 One WAM | Capital Markets | 0.54% | -0.04% |
| Coforge | IT - Software | 0.53% | -0.47% |
| Gland Pharma | Pharmaceuticals & Biotechnology | 0.51% | — |
| SJS Enterprises | Auto Components | 0.49% | -0.02% |
| 91TB121126 | Money Market | 0.49% | +0.03% |
| Aarti Industries | Chemicals & Petrochemicals | 0.48% | -0.25% |
| Tech Mahindra | IT - Software | 0.48% | +0.00% |
| Jubilant FoodWorks | Leisure Services | 0.45% | -0.33% |
| Info Edge | Retailing | 0.44% | -0.52% |
| SBI Life Insurance | Insurance | 0.38% | +0.01% |
| Aditya Birla Real Estate | Realty | 0.32% | -0.05% |
| OnEMI Technology Solutions | Finance | 0.32% | — |
| Interglobe Aviation | Transport Services | 0.30% | — |
| Jyoti CNC Automation | Industrial Manufacturing | 0.22% | -1.07% |
| Dr Reddys Laboratories | Pharmaceuticals & Biotechnology | 0.20% | — |
| Cyient DLM | Aerospace & Defense | 0.10% | — |
| Syngene International | Equity | 0.06% | — |
Sector Allocation · Sep 2026
View all 33 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 17.05 | 16.32 | High Volatility |
| 3Y | 15.49 | 16.10 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.84 | -0.32 | Below Average |
| 3Y | 0.21 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.54 | 0.19 | Below Average |
| 3Y | 0.82 | 1.14 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
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 However, there can be no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Equity & Equity related instruments selected on the basis of business cycle : 80% to 100%, Other Equity & Equity Related: 0% to 20%, Debt and Money Market Instruments: 0% to 20%, Units issued by InvITs: 0% to 10%
Exit Load
If redeemed / switched-out within 12 months from the date of allotment - ? For 10% of investment: Nil; For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil
Fund Managers
Mr. Ashish Naik
Mr. Ashish Naik - Primary/Domestic Equities
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.