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Axis Business Cycles Fund - Direct Plan - Growth

Equity Data as of Jul 2026 Comparing Jun 2026 → Jul 2026
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Stocks Held
77
Jul 2026
Equity Holdings
₹2,051.65 Cr
Equity only, excl. debt & cash
AAUM
₹2,049.44 Cr
Apr-Jun 2026 · Direct + Regular
Top 5 Weight
16.9%
Diversified
Top 10 Weight
29.4%
Diversified
Changes
76
4 new · 5 exits
Top Sector
Banks
16.6% of portfolio
Launch Date
02 Feb 2023
3 years old

AAUM (Average Assets Under Management) of ₹2,049.44 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Axis Business Cycles Fund made 4 new additions and exited 5 stocks this month. The biggest new buy was TD Power Systems Limited (Electrical Equipment) at 0.94% weight. CG Power and Industrial Solutions Limited was the biggest exit (Electrical Equipment), which was held at 1.55%. Among existing holdings, HCL Technologies Limited saw the biggest increase — now at 2.04% of the portfolio. Cummins India Limited was trimmed the most, now at 0.94%. Larsen & Toubro Limited remains the top holding with Banks the dominant sector at 16.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
May 2026 Jun 2026
Sector Prev Curr Delta
Banks 17.5% 18.1% +0.7%
Chemicals & Petrochemicals 6.4% 6.7% +0.4%
Auto Components 5.5% 5.9% +0.4%
Industrial Products 5.3% 5.2% -0.1%
Finance 3.6% 4.9% +1.3%
Retailing 4.0% 4.4% +0.4%
Construction 4.1% 4.1% 0.0%
Cement & Cement Products 3.6% 3.7% +0.1%
Automobiles 3.6% 3.6% -0.1%
Electrical Equipment 4.3% 3.3% -1.0%
Jun 2026 Jul 2026
Sector Prev Curr Delta
Banks 18.1% 16.6% -1.5%
Chemicals & Petrochemicals 6.7% 6.7% 0.0%
Finance 4.9% 6.3% +1.4%
Auto Components 5.9% 6.1% +0.3%
Retailing 4.4% 5.1% +0.7%
IT - Software 3.0% 4.1% +1.2%
Industrial Products 5.2% 4.1% -1.1%
Automobiles 3.6% 3.9% +0.4%
Construction 4.1% 3.8% -0.3%
Cement & Cement Products 3.7% 3.6% -0.1%
🟢
Biggest New Buy
TD Power Systems Limited
0.94% weight · Electrical Equipment
🔴
Biggest Exit
CG Power and Industrial Solutions Limited
1.55% was held · Electrical Equipment
Biggest Add
HCL Technologies Limited
+1.27% · now 2.04%
Biggest Trim
Cummins India Limited
-0.96% · now 0.94%
🤝 Other funds also bought this month
Alkem Laboratories Limited 23 funds
Alkem Laboratories Limited
DSP Nifty Midcap 150 Qlty 50 Index Fund
ADITYA BIRLA SUN LIFE PHARMA & HEALTHCARE FUND
DSP Mid Cap Fund + more
ABB India Limited 13 funds
ABB India Limited
Edelweiss Nifty 100 Quality 30 Index Fnd
Motilal Oswal Asset Management Company Limited
Baroda BNP Paribas ESG Best-in-Class Strategy Fund + more
TD Power Systems Limited 9 funds
TD Power Systems Limited
Mirae Asset Infrastructure Fund - Direct Plan - Growth
ITI Small Cap Fund - Direct Plan - Growth Option
Axis Multi Asset Allocation Fund - Direct Plan - Growth Option + more
Amber Enterprises India Limited 7 funds
Amber Enterprises India Limited
JM Multi Asset Allocation Fund
Navi Nifty SmallCap250 Momentum Qlty 100
Bandhan Large & Mid Cap Fund - Direct Plan - Growth + more
👋 Other funds also exited
InterGlobe Aviation Limited 55 funds
InterGlobe Aviation Limited
Invesco India Large & Mid Cap Fund - Direct Plan - Growth
Invesco India - Invesco Pan European Equity Fund of Fund - Direct Plan - Growth Option
Invesco India Consumption Fund - Direct Plan - Growth + more
GE Vernova T&D India Limited 32 funds
GE Vernova T&D India Limited
Groww BSE Power ETF FOF
Groww Nifty 500 Momentum 50 ETF FOF
Motilal Oswal Nifty Midcap150 Momentum 50 ETF + more
CG Power and Industrial Solutions Limited 31 funds
CG Power and Industrial Solutions Limited
Groww BSE Power ETF FOF
Motilal Oswal Manufacturing Fund - Direct Plan- Growth
Motilal Oswal Infrastructure Fund-Direct-Growth + more
Bandhan Bank Limited 26 funds
Bandhan Bank Limited
Groww Nifty Smallcap250 ETF
Invesco India Transportation and Logistics Fund
ITI Balanced Advantage Fund - Direct Plan - Growth Option + more
Bharat Heavy Electricals Limited 26 funds
Bharat Heavy Electricals Limited
Groww BSE Power ETF FOF
Groww Nifty PSE ETF FOF
Motilal Oswal Nifty Midcap150 Momentum 50 ETF + more

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 Jul 2026
🟢 4 New Entries 🔴 5 Exits ↑ 37 Increased ↓ 30 Decreased
#StockSectorWeight (Jul 2026)
1
TD Power Systems Limited
₹19.90 Cr
Electrical Equipment 0.94%
2
Amber Enterprises India Limited
₹17.28 Cr
Consumer Durables 0.81%
3
Alkem Laboratories Limited
₹13.89 Cr
Pharmaceuticals & Biotechnology 0.65%
4
ABB India Limited
₹12.38 Cr
Electrical Equipment 0.58%
#StockSectorLast Weight (Jun 2026)
1
CG Power and Industrial Solutions Limited
₹32.27 Cr
Electrical Equipment 1.55%
2
Bharat Heavy Electricals Limited
₹23.45 Cr
Electrical Equipment 1.12%
3
Bandhan Bank Limited
₹15.14 Cr
Banks 0.73%
4
InterGlobe Aviation Limited
₹14.39 Cr
Transport Services 0.69%
5
GE Vernova T&D India Limited
₹13.86 Cr
Electrical Equipment 0.66%
#StockSectorJun 2026Jul 2026Change
1
HCL Technologies Limited
₹43.41 Cr
IT - Software 0.77% 2.04% +1.27%
2
Bajaj Finance Limited
₹53.92 Cr
Finance 1.37% 2.54% +1.17%
3
Swiggy Limited
₹19.23 Cr
Retailing 0.20% 0.90% +0.70%
4
Info Edge (India) Limited
₹19.35 Cr
Retailing 0.39% 0.91% +0.52%
5
Anthem Biosciences Limited
₹20.78 Cr
Pharmaceuticals & Biotechnology 0.65% 0.98% +0.33%
6
Bharti Airtel Limited
₹56.47 Cr
Telecom - Services 2.35% 2.66% +0.31%
7
Sona BLW Precision Forgings Limited
₹31.19 Cr
Auto Components 1.20% 1.47% +0.27%
8
Mahindra & Mahindra Limited
₹57.60 Cr
Automobiles 2.49% 2.71% +0.22%
9
IndusInd Bank Limited
₹50.63 Cr
Banks 2.21% 2.38% +0.17%
10
Hyundai Motor India Ltd
₹26.06 Cr
Automobiles 1.09% 1.23% +0.14%
#StockSectorJun 2026Jul 2026Change
1
Cummins India Limited
₹19.95 Cr
Industrial Products 1.90% 0.94% -0.96%
2
BSE Limited
₹32.44 Cr
Capital Markets 2.09% 1.53% -0.56%
3
Eternal Limited
₹44.71 Cr
Retailing 2.44% 2.10% -0.34%
4
Kotak Mahindra Bank Limited
₹49.38 Cr
Banks 2.64% 2.32% -0.32%
5
Delhivery Limited
₹21.42 Cr
Transport Services 1.31% 1.01% -0.30%
6
Larsen & Toubro Limited
₹81.05 Cr
Construction 4.08% 3.81% -0.27%
7
Corona Remedies Limited
₹7.49 Cr
Pharmaceuticals & Biotechnology 0.62% 0.35% -0.27%
8
Solar Industries India Limited
₹28.83 Cr
Chemicals & Petrochemicals 1.61% 1.36% -0.25%
9
City Union Bank Limited
₹12.95 Cr
Banks 0.86% 0.61% -0.25%
10
Max Healthcare Institute Limited
₹22.59 Cr
Healthcare Services 1.28% 1.06% -0.22%

What Stocks Does This Fund Hold?

77 stocks — Jul 2026

# Stock Sector Cap Weight & Value
1
₹81.05 Cr
Construction
3.81%
2
₹79.53 Cr
Banks
3.74%
3
₹73.65 Cr
Banks
3.46%
4
₹67.59 Cr
Banks
3.18%
5
₹57.60 Cr
Automobiles
2.71%
6
₹56.47 Cr
Telecom - Services
2.66%
7
₹55.13 Cr
Cement & Cement Products
2.59%
8
₹53.92 Cr
Finance
2.54%
9
₹50.63 Cr
Banks
2.38%
10
₹49.38 Cr
Banks
2.32%
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🏦 Axis Mutual Fund — Portfolio & Holdings
See all funds managed by Axis Mutual Fund — conviction stocks, monthly entries & exits

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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