Investment Objective and Approach

The scheme seeks 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.

The fund's performance is primarily benchmarked against the NIFTY 500 TRI with NIFTY 50 TRI serving as an addition. The investment approach involves identifying and capitalizing on different phases of business cycles across various sectors and companies.

Key Investment Features:

- Launched on 22nd February 2023

- AUM of ₹2,295.36 Cr as of May 8, 2025

- Expense ratio of 0.70% for direct plan as of May 8, 2025

- Rated as Very High risk fund

- Minimum SIP investment of ₹100 and minimum lumpsum investment of ₹100

Fund Managers

Ashish Naik (Primary Fund Manager)

Ashish Naik is a PGDBM in Finance and Marketing from XLRI, Jamshedpur. He is also a Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM). Mr. Naik also holds a degree in Bachelor in Computer Engineering from the University of Mumbai.

Mr. Naik joined Axis Mutual Fund in 2009 as a Research Analyst and was elevated to the post of a Fund Manager in June 2016. He previously worked at Goldman Sachs as a Sell-side Equity Research Analyst and performed various duties like creating financial models for Korean and Malaysian banks.

Hitesh Das (Co-Fund Manager for Foreign Securities)

Mr. Hitesh Das has done PGDM, M.Tech, and B.Tech. Before joining Axis Mutual Fund, he worked with Credit Suisse Securities (India) Pvt. Ltd., Barclays Securities India Pvt. Ltd., Yes Bank, Ebusinessware (India) Pvt. Ltd.

Ashish Naik, Hitesh Das, Mayank Hyanki are the current fund managers with extensive experience of 15 years while managing equity & related investments.

About the Fund House (AMC)

Axis Asset Management Company Limited was established in October 2009 after registering with SEBI or the Securities and Exchange Board of India. Axis Asset Management Company Ltd. is the mutual fund investment wing of Axis Bank, the 3rd largest private bank in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.

Key AMC Details:

- Axis Bank holds 75% of the share in the asset management company while Schroder Singapore holds the remaining 25%. Axis Mutual Fund has Axis Bank Limited as the sponsor and Axis Mutual Fund Trustee Limited as the trustee

- Total number of schemes: 157

- Address: Axis Asset Management Company Ltd., Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, Maharashtra, 400 025

Should I Invest in Axis Business Cycles Fund?

This fund is suitable for investors who:

Ideal for:

- Seek long-term capital appreciation through equity investments

- Have a high-risk tolerance given the "Very High risk" rating

- Want exposure to business cycle-based investment strategy

- Can invest for a horizon of at least 5-7 years

- Understand the cyclical nature of different sectors and businesses

Investment Considerations:

- Exit Load: 1% will be charged for redemption within 12 months for units in excess of 10% of the investment

- The fund focuses on dynamic allocation across sectors based on business cycles

- The fund has given a CAGR return of 23.50% since inception

- Being a relatively new fund (launched in 2023), track record is limited

Tax Implications:

- If mutual fund units are sold after 1 year from investment, gains up to Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at 12.5%

- If units are sold within 1 year from investment, entire amount of gain is taxed at 20%

FAQs

What is today's NAV of Axis Business Cycles Fund?

The latest NAV for Axis Business Cycles Fund is ₹15.84. NAV is updated daily and varies based on market movements.

What is the AUM of Axis Business Cycles Fund?

The AUM (assets under management) of Axis Business Cycles Fund is ₹2,295.36 Cr as of May 8, 2025.

What is the expense ratio of Axis Business Cycles Fund?

The expense ratio of Axis Business Cycles Fund is 0.70% for the direct plan as of May 8, 2025.

What are the returns of Axis Business Cycles Fund since inception?

Axis Business Cycles Fund has given a CAGR return of 23.50% since inception. Returns may vary based on market conditions.

What is the minimum SIP amount to invest in Axis Business Cycles Fund?

The minimum SIP investment is ₹100, making it accessible for small investors to start their investment journey.

How do I invest in Axis Business Cycles Fund?

You can invest through Allvest platform, Axis Mutual Fund website, or other registered mutual fund distributors. Complete KYC and choose between SIP or lumpsum investment options.

How to start a SIP in Axis Business Cycles Fund?

Visit Allvest platform, complete registration and KYC, select Axis Business Cycles Fund, choose SIP option, set amount (minimum ₹100) and frequency, then submit the application.

How do I automate an SIP in Axis Business Cycles Fund?

Set up auto-debit mandate with your bank account through Allvest platform. This will automatically deduct the SIP amount on specified dates without manual intervention.

How can I withdraw/redeem my investment in Axis Business Cycles Fund?

Submit redemption request through Allvest platform or Axis Mutual Fund website. Remember that exit load of 1% applies for redemptions within 12 months for units exceeding 10% of investment.