Axis Business Cycles Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 19-12-2024
₹ 16.56
1D
Inception Returns
33%
/yr
About Axis Business Cycles Fund Direct Growth
Axis Business Cycles Fund Direct Growth is an equity fund. This fund was started on 22 February, 2023. The fund is managed by Ashish Naik. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Business Cycles Fund Direct Growth has ₹2612 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Axis Business Cycles Fund Direct Growth has given a CAGR return of 33.04% since inception. Over the last 1 year the fund has given a CAGR return of 25.32%.
Holdings
Axis Business Cycles Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Tech, Health, Energy, Communication, Real Estate, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Bharti Airtel Ltd, UltraTech Cement Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Axis Business Cycles Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Business Cycles Fund Direct Growth has no lock in period.
Historical NAV & Returns
Axis Business Cycles Fund Direct Growth Overview
| Expense ratio | 0.68% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹2612 Cr |
| Inception Date | 22 February, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 108.94% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.03% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.63% in Nov'24
- AUM of the fund stands at 2.6K Cr as of Nov'24
- AUM decreased by 181.7 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Industrial & Basic Materials
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.67% | -5.1% | |
 ICICI Bank Ltd | 5.45% | 0% | |
 Larsen & Toubro Ltd | 2.96% | 0% | |
 Bharti Airtel Ltd | 2.82% | 0% | |
 UltraTech Cement Ltd | 2.64% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Jyoti CNC Automation Ltd | 21% |
 Interglobe Aviation Ltd | 8.5% |
 HDFC Bank Ltd | 3.9% |
Axis Business Cycles Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2612 Cr
Expense Ratio 0.68%
Frequently Asked Questions for Axis Business Cycles Fund Direct Growth
Axis Business Cycles Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.6% | 4.6% |
6 Month Returns | 5.32% | 5.32% |
1 Year Returns | 25.32% | 25.32% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Business Cycles Fund Direct Growth | 4.66 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Business Cycles Fund Direct Growth | 0.92 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Business Cycles Fund Direct Growth | 1.82 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Business Cycles Fund Direct Growth | 11.86 | - | - |