Axis Mutual Fund · Direct Growth · SEBI Category: Equity
Axis Business Cycles Fund applies Devalkar's quality-growth philosophy to the business cycle framework — a distinctive combination that prioritises quality execution within the cyclical sector rotation approach. Unlike funds that chase the cheapest cyclicals, Axis Business Cycles targets quality businesses that will survive and thrive across multiple economic cycles — not just short-term recovery plays.
The quality filter within business cycle investing means the fund may lag pure cyclical funds during the most aggressive early-cycle recovery phases when the cheapest, most distressed cyclicals outperform. But it should provide better downside protection when cycle turns or when specific cyclical sectors face unexpected headwinds. The fund reflects Axis MF's consistent quality-first investment culture.
Shreyash Devalkar co-manages Axis Business Cycles Fund alongside Hitesh Das — applying the same quality-growth philosophy Devalkar uses across Axis MF's equity lineup to the business cycle investing framework. In business cycle investing, his quality filter means that even in aggressive early-cycle phases, the fund targets quality cyclical businesses — cement companies with strong balance sheets, quality metal companies with low cost curves — rather than purely the cheapest cyclical plays.
For current co-manager details and full biography, refer to the latest Axis Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view - not judgements or recommendations.
Calculated from 808 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y - simple point-to-point return · 3Y / 5Y / 10Y - CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point - not CAGR.
Rolling returns show performance across every possible investment start date - not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV - what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
When NAV is above 200 DMA the fund is in an uptrend. When below, it signals caution. Calculated from NAV data in DB.
Calculated from 3 years of daily NAV - industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes - from official AMC disclosures.
See how Axis Business Cycles Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM - side by side.
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