Thematic FundAxis Asset Management Co. Ltd.

Axis Business Cycles Fund - Direct Plan - Growth

Benchmark: Nifty 500 TRI · Riskometer: Very High

₹18.36

NAV (2026-08-31)

₹2,171.333 Cr

AUM (2026-08-31)

1.62%

EXPENSE RATIO (DIRECT)

2023-02-02

INCEPTION

CQuality · 51.9/100

CSafety · 50.6/100

CCompound · 59.2/100

Punji Fund Health Score - percentile-within-category. See methodology.

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Rolling CAGR by holding period - min, median, max

Each group is one holding-period length. Full range of outcomes across every overlapping window in the fund's history, not one trailing number.

Min rolling CAGRMedian rolling CAGRMax rolling CAGR

Category RankRisk MetricsHoldingsSimilar FundsPunji Analytics

Metric	Value	Percentile	Category median
3Y Rolling CAGR	15.8%	25^th	18.2%
3Y Sharpe Ratio	0.60	40.74^th	0.68
3Y Alpha	2.4%	55.56^th	2.2%
3Y Std Deviation	14.4%	66.67^th (lower is better)	15.1%

0.6033

0.8842

2.4305

0.9833

14.3918

-19.2525

101.48

94.9953

5.8497

Tracking Error (%)

0.8088

Calmar Ratio

3-year window vs. Nifty 500 TRI.

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Top sector holdings

Share of portfolio (% to NAV) in each of the top sectors.

Banks 16.59%Chemicals & Petrochemicals 6.73%Finance 6.3%Auto Components 6.14%Retailing 5.13%IT - Software 4.14%Industrial Products 4.08%Automobiles 3.94%Construction 3.81%Cement & Cement Products 3.61%Other 3.48%Pharmaceuticals & Biotechnology 3.44%Telecom - Services 2.66%Financial Technology (Fintech) 2.5%Industrial Manufacturing 2.47%Non - Ferrous Metals 2.45%Capital Markets 2.1%Consumer Durables 2.02%Petroleum Products 2%Leisure Services 1.93%Healthcare Services 1.77%Electrical Equipment 1.52%Ferrous Metals 1.46%Power 1.39%Realty 1.29%Agricultural, Commercial & Construction Vehicles 1.25%Transport Services 1.01%Oil 0.84%Beverages 0.76%Textiles & Apparels 0.72%Fertilizers & Agrochemicals 0.72%Diversified FMCG 0.67%Aerospace & Defense 0.66%Insurance 0.41%

TOP HOLDINGS

Larsen & Toubro Limited (Construction)3.81%

ICICI Bank Limited (Banks)3.74%

Axis Bank Limited (Banks)3.46%

HDFC Bank Limited (Banks)3.18%

Mahindra & Mahindra Limited (Automobiles)2.71%

Bharti Airtel Limited (Telecom - Services)2.66%

Grasim Industries Limited (Cement & Cement Products)2.59%

Bajaj Finance Limited (Finance)2.54%

IndusInd Bank Limited (Banks)2.38%

Kotak Mahindra Bank Limited (Banks)2.32%

Funds that behave most similarly (beta, capture ratios, volatility - not holdings overlap). Pick up to 2 to compare alongside this fund:

27.2419

P/E Ratio

6.8147

P/B Ratio

0.7654

Dividend Yield (%)

1.13

Portfolio Turnover - Total (%)

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Asset Allocation

As of Jul-2026

Equity 96.51%Debt 0.47%Cash 3.01%

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Market Cap Split

As of Jul-2026

Large 51.03%Mid 22.04%Small 23.45%

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Credit Quality

As of Jul-2026

AAA 0%AA 0%Sovereign 0.47%Other 0%

Portfolio analytics as of Jul-2026.

Data as of 2026-09-02. Source: AMFI disclosures via Punji. Not investment advice.