Primarily market-linked growth exposure
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.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
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%
- SEBI category
- Thematic Fund
- Fund type
- An open ended equity scheme following business cycles based investing theme
- Primary benchmark
- Nifty 500 TRI
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Ashish Naik
- Manager tenure on this scheme
- Since Mr. Ashish Naik - 22nd February
- Role / co-management
- Mr. Ashish Naik - Primary/Domestic Equities
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Axis Business Cycles Fund - Direct Plan - Growth Option | ₹18.2600 | 04 Sep 2026 |
| Axis Business Cycles Fund - Direct Plan - IDCW Option | ₹16.8300 | 04 Sep 2026 |
| Axis Business Cycles Fund - Regular Plan - Growth Option | ₹17.4400 | 04 Sep 2026 |
| Axis Business Cycles Fund - Regular Plan - IDCW Option | ₹16.0900 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 2.26%, Direct 1.59%
- 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
- Minimum application
- 100 · multiples of 1
- SIP frequency
- SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
- Minimum SIP amount
- SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00
- Minimum instalments
- SIP Daily -6, Weekly - 6, Monthly - 6/ Yearly -3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.