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Axis Business Cycles Fund - Direct Plan - Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026
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Stocks Held
77
May 2026
Equity Holdings
₹1,986.66 Cr
Equity only, excl. debt & cash
Top 5 Weight
16.8%
Diversified
Top 10 Weight
28.9%
Diversified
Changes
78
7 new · 6 exits
Top Sector
Banks
17.5% of portfolio
📋 What Happened This Month Axis Business Cycles Fund made 7 new additions and exited 6 stocks this month. The biggest new buy was Grasim Industries Limited (Cement & Cement Products) at 2.70% weight. UltraTech Cement Limited was the biggest exit (Cement & Cement Products), which was held at 2.76%. Among existing holdings, Eternal Limited saw the biggest increase — now at 2.34% of the portfolio. Hindustan Unilever Limited was trimmed the most, now at 0.90%. Larsen & Toubro Limited remains the top holding with Banks the dominant sector at 17.5%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 16.9% 17.5% +0.5%
Chemicals & Petrochemicals 5.9% 6.5% +0.6%
Finance 4.6% 5.1% +0.6%
Auto Components 4.7% 4.9% +0.2%
Industrial Products 4.1% 4.8% +0.8%
Construction 3.6% 4.0% +0.4%
Electrical Equipment 4.7% 4.0% -0.8%
Cement & Cement Products 4.1% 3.6% -0.5%
Automobiles 3.7% 3.6% -0.1%
IT - Software 3.2% 3.4% +0.1%
Apr 2026 May 2026
Sector Prev Curr Delta
Banks 17.5% 17.5% 0.0%
Chemicals & Petrochemicals 6.5% 6.4% -0.1%
Auto Components 4.9% 5.5% +0.6%
Industrial Products 4.8% 5.3% +0.4%
Electrical Equipment 4.0% 4.3% +0.3%
Construction 4.0% 4.1% +0.1%
Retailing 2.7% 4.0% +1.3%
Capital Markets 3.3% 3.6% +0.4%
Automobiles 3.6% 3.6% +0.0%
Finance 5.1% 3.6% -1.6%
🟢
Biggest New Buy
Grasim Industries Limited
2.70% weight · Cement & Cement Products
🔴
Biggest Exit
UltraTech Cement Limited
2.76% was held · Cement & Cement Products
Biggest Add
Eternal Limited
+1.05% · now 2.34%
Biggest Trim
Hindustan Unilever Limited
-0.94% · now 0.90%
🤝 Other funds also bought this month
Tata Motors Ltd 24 funds
Tata Motors Ltd
Bajaj Finserv Nifty Next 50 Index Fund - Direct - Growth
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth
UTI Nifty Next 50 Index Fund - Direct Plan - Growth Option + more
Grasim Industries Limited 23 funds
Grasim Industries Limited
SBI Nifty 200 Value 30 ETF
ICICI Prudential Nifty200 Value 30 Index Fund - Direct Plan - Growth
Bandhan Multi-Factor Fund - Direct Plan - Growth + more
Swiggy Limited 16 funds
Swiggy Limited
Aditya Birla Sun Life Digital India Fund - Growth - Direct Plan
Mirae Asset Multicap Fund - Direct Plan - Growth
Templeton India Value Fund - Direct - Growth + more
Minda Corporation Limited 9 funds
Minda Corporation Limited
Axis Multi Asset Allocation Fund - Direct Plan - Growth Option
THE WEALTH COMPANY BALANCED ADVANTAGE FUND
THE WEALTH COMPANY FLEXI CAP FUND + more
S.J.S. Enterprises Limited 9 funds
S.J.S. Enterprises Limited
BAJAJ FINSERV SMALL CAP FUND - DIRECT - GROWTH
Motilal Oswal Active Momentum Fund- Direct-Growth
Aditya Birla Sun Life Business Cycle Fund-Direct Growth + more
Chalet Hotels Limited 8 funds
Chalet Hotels Limited
CANARA ROBECO CONSERVATIVE HYBRID FUND
Aditya Birla Sun Life Business Cycle Fund-Direct Growth
Axis Multi Asset Allocation Fund - Direct Plan - Growth Option + more
👋 Other funds also exited
Shriram Finance Limited 16 funds
Shriram Finance Limited
Bandhan Nifty 500 Momentum 50 Index Fund Direct Plan-Growth
Motilal Oswal Active Momentum Fund- Direct-Growth
Union Active Momentum Fund - Direct Plan - Growth Option + more
UltraTech Cement Limited 15 funds
UltraTech Cement Limited
BAJAJ FINSERV ELSS TAX SAVER FUND - DIRECT - GROWTH
Bajaj Finserv Large and Mid Cap Fund- Direct Plan- Growth
ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth + more
Indus Towers Limited 9 funds
Indus Towers Limited
UNION EQUITY SAVINGS FUND
BAJAJ FINSERV ELSS TAX SAVER FUND - DIRECT - GROWTH
Bandhan Nifty Midcap 150 Index Fund-Direct Plan-Growth + more
L&T Finance Limited 9 funds
L&T Finance Limited
Bandhan Nifty 500 Momentum 50 Index Fund Direct Plan-Growth
Union Multicap Fund - Direct Plan - Growth Option
Bandhan Nifty Midcap 150 Index Fund-Direct Plan-Growth + more
Deepak Nitrite Limited 6 funds
Deepak Nitrite Limited
Bank of India Multi Asset Allocation Fund-Direct Plan-Growth
DSP Value Fund - Direct Plan - Growth
Bajaj Finserv Large and Mid Cap Fund- Direct Plan- Growth + more
Gabriel India Limited 6 funds
Gabriel India Limited
Motilal Oswal Infrastructure Fund-Direct-Growth
UNION RETIREMENT FUND
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth Option + more

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 May 2026
🟢 7 New Entries 🔴 6 Exits ↑ 34 Increased ↓ 31 Decreased
#StockSectorWeight (May 2026)
1
Grasim Industries Limited
₹55.52 Cr
Cement & Cement Products 2.70%
2
Tata Motors Ltd
₹19.26 Cr
Agricultural, Commercial & Construction Vehicles 0.94%
3
Chalet Hotels Limited
₹12.95 Cr
Leisure Services 0.63%
4
Minda Corporation Limited
₹12.30 Cr
Auto Components 0.60%
5
S.J.S. Enterprises Limited
₹5.57 Cr
Auto Components 0.27%
6
Aavas Financiers Limited
₹5.36 Cr
Finance 0.26%
7
Swiggy Limited
₹4.52 Cr
Retailing 0.22%
#StockSectorLast Weight (Apr 2026)
1
UltraTech Cement Limited
₹56.98 Cr
Cement & Cement Products 2.76%
2
Shriram Finance Limited
₹19.48 Cr
Finance 0.94%
3
Indus Towers Limited
₹18.34 Cr
Telecom - Services 0.89%
4
L&T Finance Limited
₹18.12 Cr
Finance 0.88%
5
Gabriel India Limited
₹12.12 Cr
Auto Components 0.59%
6
Deepak Nitrite Limited
₹1.44 Cr
Chemicals & Petrochemicals 0.07%
#StockSectorApr 2026May 2026Change
1
Eternal Limited
₹48.19 Cr
Retailing 1.29% 2.34% +1.05%
2
Asian Paints Limited
₹24.92 Cr
Consumer Durables 0.82% 1.21% +0.39%
3
360 One WAM Limited
₹11.76 Cr
Capital Markets 0.26% 0.57% +0.31%
4
BSE Limited
₹46.73 Cr
Capital Markets 1.99% 2.27% +0.28%
5
Bharat Heavy Electricals Limited
₹36.03 Cr
Electrical Equipment 1.48% 1.75% +0.27%
6
Hindustan Aeronautics Limited
₹13.04 Cr
Aerospace & Defense 0.36% 0.63% +0.27%
7
Solar Industries India Limited
₹32.78 Cr
Chemicals & Petrochemicals 1.34% 1.59% +0.25%
8
Cummins India Limited
₹41.19 Cr
Industrial Products 1.79% 2.00% +0.21%
9
Coforge Limited
₹22.86 Cr
IT - Software 0.93% 1.11% +0.18%
10
CG Power and Industrial Solutions Limited
₹31.10 Cr
Electrical Equipment 1.34% 1.51% +0.17%
#StockSectorApr 2026May 2026Change
1
Hindustan Unilever Limited
₹18.47 Cr
Diversified FMCG 1.84% 0.90% -0.94%
2
Jyoti CNC Automation Ltd
₹21.67 Cr
Industrial Manufacturing 1.32% 1.05% -0.27%
3
NTPC Limited
₹40.91 Cr
Power 2.25% 1.99% -0.26%
4
HDFC Asset Management Company Limited
₹16.55 Cr
Capital Markets 1.01% 0.80% -0.21%
5
Reliance Industries Limited
₹46.70 Cr
Petroleum Products 2.45% 2.27% -0.18%
6
Brigade Enterprises Limited
₹16.20 Cr
Realty 0.95% 0.79% -0.16%
7
Pine Labs Limited
₹8.92 Cr
Financial Technology (Fintech) 0.58% 0.43% -0.15%
8
Oil & Natural Gas Corporation Limited
₹22.75 Cr
Oil 1.24% 1.11% -0.13%
9
Aether Industries Limited
₹38.86 Cr
Chemicals & Petrochemicals 2.01% 1.89% -0.12%
10
GE Vernova T&D India Limited
₹20.95 Cr
Electrical Equipment 1.13% 1.02% -0.11%

What Stocks Does This Fund Hold?

77 stocks — May 2026

# Stock Sector Cap Weight & Value
1
₹83.88 Cr
Construction
4.08%
2
₹72.76 Cr
Banks
3.54%
3
₹69.62 Cr
Banks
3.38%
4
₹63.44 Cr
Banks
3.08%
5
₹55.52 Cr
Cement & Cement Products
2.70%
6
₹53.98 Cr
Banks
2.62%
7
₹51.62 Cr
Automobiles
2.51%
8
₹48.41 Cr
Telecom - Services
2.35%
9
₹48.19 Cr
Retailing
2.34%
10
₹46.73 Cr
Capital Markets
2.27%
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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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