Sharpe ratio
0.77Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+4.25%1Y Absolute Return
-0.38%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Axis Business Cycles Fund - Direct Plan - GrowthFund 3Y annualised return · 5Y history unavailable | ₹10,32,911 | ₹7,32,612 | ₹3,00,299 | +13.85% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.17
₹1 Lakh since launch₹1.17 Lakh
Fund age3.7 yrs
Fund information
Scheme code151368
ISININF846K016N4
BenchmarkNIFTY 500 TRI
CategoryEquity Scheme - Sectoral/ Thematic
Expense ratio1.56%
Exit loadExit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Minimum SIP₹100 SIP
Return comparison
404th / 932 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +84.37% | — | — |
| 3M | -0.88% | — | — |
| 6M | +16.21% | — | — |
| 1Y | +4.25% | — | +4.16% |
| 3Y | +13.85% | — | +12.54% |
| Since Launch | +17.39% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
1.07Return earned while limiting downside risk.
Good
Good downside protection with strong returns.
Standard deviation
15.65%How much the fund’s returns fluctuate over time.
High volatility
Returns can swing significantly.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
0.90How well the fund rewarded investors relative to its biggest decline.
Good
Good return relative to the drawdowns experienced.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Equity97.29%
Cash1.41%
Debt1.30%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 81 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| Larsen & Toubro Ltd | Industrials | Equity | 4.0819% |
| ICICI Bank Ltd | Financial | Equity | 3.6483% |
| Axis Bank Ltd | Financial | Equity | 3.6438% |
| HDFC Bank Ltd | Financial | Equity | 3.2551% |
| Grasim Industries Ltd | Materials | Equity | 2.639% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 2.6388% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 2.4902% |
| Zomato Ltd | Technology | Equity | 2.4362% |
| Bharti Airtel Ltd | Technology | Equity | 2.3468% |
| Aether Industries Ltd | Materials | Equity | 2.3029% |
Fund management
AS
Ashish Naik
Since 2023 · Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Compare similar funds
No comparable category funds are available yet.
Summary
A very high-risk equity scheme - sectoral/ thematic fund. Ahead of its category average over 3Y by 1.3 points. Ranks 404 of 932 in its category over 1 year.
Strengths
- Ahead of its category average over 3Y by 1.3 points.
- Losses and swings stayed contained — worst fall -19.2%, volatility 15.7%.
- Well spread out — top 10 holdings are only 29% of the portfolio.
Weaknesses
- None
Ideal investor
- Needs a 5–7+ years horizon to ride out its very high risk level.
- Good fit for SIPs — spreading purchases smooths out 15.7% volatility.
Risk drivers
- None