Axis Business Cycles Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 14.88 as on 24-04-2024
Fund Performance
255 people have invested ₹ 27.1L in Axis Business Cycles Fund Direct Growth in the last three months
About the 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 ₹2645 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Axis Business Cycles Fund Direct Growth Overview
 | 0.58% |
 Benchmark | NIFTY 500 TR INR |
 | ₹2645 Cr |
 | 22 February, 2023 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
Axis Business Cycles Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
62%
Small cap
19.1%
Mid cap
16.1%
Sector Allocation
Financial Services
25.3%
Consumer Cyclical
14.8%
Basic Materials
14.6%
Industrial
14.3%
Energy
9.5%
Tech
8.6%
Utilities
3.8%
Real Estate
3.8%
Consumer Defensive
3.2%
Communication
2%
Health
0.1%
Top Holdings of Axis Business Cycles Fund Direct Growth as on (31-Mar-24)
Equity Holdings66
Debt Holdings1
Axis Business Cycles Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.20% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.66% in Mar'24
AUM Change
- AUM of the fund stands at 2.7K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Axis Business Cycles Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Interglobe Aviation Ltd | 18.7% |
 Solar Industries India Ltd | 16.1% |
 Bharti Airtel Ltd | 4.9% |
Peer Analysis
Axis Business Cycles Fund Direct Growth Fund Manager
Ashish Naik
Fund Manager of Axis Business Cycles Fund Direct Growth, since 22 February 2023
Top funds managed
Axis Business Cycles Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 40.03% since inception which is more than its category average return of 22.61%
Fund Allocations
This fund has an allocation of 98.64% in Equity, 0% in Debt and 1.36% in Cash related instruments
AUM size ₹2645 Cr
This fund has AUM of ₹2645 Cr which is more than its category average of ₹ 1778 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of Axis Business Cycles Fund Direct Growth is ₹14.88 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Axis Business Cycles Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.37% | 4.37% |
6 Month Returns | 24.98% | 24.98% |
1 Year Returns | 45.05% | 45.05% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.58% as on March 2024
₹2645 Cr as on March 2024
Reliance Industries Ltd(5.3%), HDFC Bank Ltd(5.02%), ICICI Bank Ltd(4.94%), State Bank of India(4.1%), Tata Consultancy Services Ltd(3.36%) as on March 2024
Financial Services(24.98%), Consumer Cyclical(14.64%), Basic Materials(14.36%) as on March 2024
The alpha ratio for the Axis Business Cycles Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Business Cycles Fund Direct Growth | - | - | - |
As on March 2024
The alpha for Axis Business Cycles Fund Direct Growth is calculated against NIFTY 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Business Cycles Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Business Cycles Fund Direct Growth | - | - | - |
As on March 2024
The Beta for Axis Business Cycles Fund Direct Growth is calculated with NIFTY 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Business Cycles Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Business Cycles Fund Direct Growth | 3.22 | - | - |
As on March 2024
The sharpe ratio for Axis Business Cycles Fund Direct Growth is calculated with NIFTY 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Business Cycles Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Business Cycles Fund Direct Growth | 9.4 | - | - |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Ashish Naik is the fund manager of Axis Business Cycles Fund Direct Growth
The Exit load of Axis Business Cycles Fund Direct Growth is 1%