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Axis Business Cycles Fund - Direct Plan - Growth

Equity Data as of Aug 2026 Comparing Jul 2026 → Aug 2026
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Stocks Held
79
Aug 2026
Equity Holdings
₹2,076.38 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
28.8%
Diversified
Changes
80
5 new · 3 exits
Top Sector
Banks
17.6% 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 5 new additions and exited 3 stocks this month. The biggest new buy was TD Power Systems Limited (Electrical Equipment) at 1.26% weight. BSE Limited was the biggest exit (Capital Markets), which was held at 1.53%. Among existing holdings, PTC Industries Limited saw the biggest increase — now at 2.08% of the portfolio. Bajaj Finance Limited was trimmed the most, now at 1.54%. Larsen & Toubro Limited remains the top holding with Banks the dominant sector at 17.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
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%
Jul 2026 Aug 2026
Sector Prev Curr Delta
Banks 16.6% 17.6% +1.0%
Auto Components 6.1% 7.1% +1.0%
Chemicals & Petrochemicals 6.7% 6.2% -0.5%
Finance 6.3% 5.1% -1.3%
Retailing 5.1% 4.9% -0.3%
Industrial Products 4.1% 4.4% +0.3%
IT - Software 4.1% 4.2% +0.0%
Construction 3.8% 3.8% +0.0%
Cement & Cement Products 3.6% 3.7% +0.1%
Automobiles 3.9% 3.5% -0.5%
🟢
Biggest New Buy
TD Power Systems Limited
1.26% weight · Electrical Equipment
🔴
Biggest Exit
BSE Limited
1.53% was held · Capital Markets
Biggest Add
PTC Industries Limited
+0.52% · now 2.08%
Biggest Trim
Bajaj Finance Limited
-1.00% · now 1.54%
🤝 Other funds also bought this month
TD Power Systems Limited 89 funds
TD Power Systems Limited
Groww Small Cap Fund-Direct-Growth
Sundaram Business Cycle Fund Direct Plan Growth
Groww Multicap Fund - Direct - Growth + more
Dhoot Transmission Ltd 66 funds
Dhoot Transmission Ltd
SBI Automotive Opportunities Fund - Direct Plan - Growth
Invesco India Manufacturing Fund - Direct Plan - Growth
Invesco India Consumption Fund + more
Shriram Pistons & Rings Limited 25 funds
Shriram Pistons & Rings Limited
ICICI Prudential Active Momentum Fund - Direct Plan - Growth
Edelweiss Business Cycle Fund - Direct Plan - Growth
SBI Automotive Opportunities Fund - Direct Plan - Growth + more
Canara Bank 17 funds
Canara Bank
SBI BSE PSU BANK INDEX FUND- Direct Plan- Growth
Mirae Asset Nifty Bank ETF
Bandhan Nifty 500 Value 50 Index Fund + more
Jindal Stainless Limited 10 funds
Jindal Stainless Limited
Abakkus Large & Mid cap Fund
NJ Value Fund
Bank of India Aggressive Hybrid Fund + more
👋 Other funds also exited
TD Power Systems Limited 79 funds
TD Power Systems Limited
Sundaram Business Cycle Fund Direct Plan Growth
Sundaram Large and Midcap Fund Direct Plan - Growth
Groww Small Cap Fund-Direct-Growth + more
BSE Limited 53 funds
BSE Limited
Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth option
KOTAK NIFTY MIDCAP 50 INDEX FUND-DIRECT PLAN- GROWTH
Kotak Nifty Midcap 50 ETF + more
Corona Remedies Limited 8 funds
Corona Remedies Limited
Kotak Healthcare Fund - Direct Plan - Growth Option
WhiteOak Capital Special Opportunities Fund - Direct Growth
Kotak Business Cycle - Direct Plan - Growth + more

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 Aug 2026
🟢 5 New Entries 🔴 3 Exits ↑ 33 Increased ↓ 39 Decreased
#StockSectorWeight (Aug 2026)
1
TD Power Systems Limited
₹27.35 Cr
Electrical Equipment 1.26%
2
Canara Bank
₹21.16 Cr
Banks 0.98%
3
Shriram Pistons & Rings Limited
₹12.70 Cr
Auto Components 0.59%
4
Jindal Stainless Limited
₹6.14 Cr
Ferrous Metals 0.28%
5
Dhoot Transmission Ltd
₹3.75 Cr
Automobile and Auto Components 0.17%
#StockSectorLast Weight (Jul 2026)
1
BSE Limited
₹32.44 Cr
Capital Markets 1.53%
2
TD Power Systems Limited
₹19.90 Cr
Electrical Equipment 0.94%
3
Corona Remedies Limited
₹7.49 Cr
Pharmaceuticals & Biotechnology 0.35%
#StockSectorJul 2026Aug 2026Change
1
PTC Industries Limited
₹45.16 Cr
Industrial Products 1.56% 2.08% +0.52%
2
One 97 Communications Limited
₹47.70 Cr
Financial Technology (Fintech) 1.75% 2.20% +0.45%
3
ABB India Limited
₹21.65 Cr
Electrical Equipment 0.58% 1.00% +0.42%
4
Hindustan Copper Limited
₹22.13 Cr
Non - Ferrous Metals 0.70% 1.02% +0.32%
5
Hindustan Zinc Limited
₹22.33 Cr
Non - Ferrous Metals 0.78% 1.03% +0.25%
6
Bharat Forge Limited
₹20.48 Cr
Auto Components 0.69% 0.94% +0.25%
7
Amber Enterprises India Limited
₹22.23 Cr
Consumer Durables 0.81% 1.03% +0.22%
8
Sapphire Foods India Limited
₹17.50 Cr
Leisure Services 0.59% 0.81% +0.22%
9
Bosch Limited
₹27.51 Cr
Auto Components 1.06% 1.27% +0.21%
10
Grasim Industries Limited
₹59.94 Cr
Cement & Cement Products 2.59% 2.76% +0.17%
#StockSectorJul 2026Aug 2026Change
1
Bajaj Finance Limited
₹33.37 Cr
Finance 2.54% 1.54% -1.00%
2
Aarti Industries Limited
₹15.86 Cr
Chemicals & Petrochemicals 1.45% 0.73% -0.72%
3
Eternal Limited
₹35.88 Cr
Retailing 2.10% 1.65% -0.45%
4
Mahindra & Mahindra Limited
₹49.21 Cr
Automobiles 2.71% 2.27% -0.44%
5
Anthem Biosciences Limited
₹13.58 Cr
Pharmaceuticals & Biotechnology 0.98% 0.63% -0.35%
6
CreditAccess Grameen Limited
₹31.45 Cr
Finance 1.73% 1.45% -0.28%
7
Bharti Airtel Limited
₹51.88 Cr
Telecom - Services 2.66% 2.39% -0.27%
8
Max Healthcare Institute Limited
₹17.37 Cr
Healthcare Services 1.06% 0.80% -0.26%
9
Oil & Natural Gas Corporation Limited
₹12.90 Cr
Oil 0.84% 0.59% -0.25%
10
HDFC Bank Limited
₹64.05 Cr
Banks 3.18% 2.95% -0.23%

What Stocks Does This Fund Hold?

79 stocks — Aug 2026

# Stock Sector Cap Weight & Value
1
₹83.23 Cr
Construction
3.84%
2
₹80.57 Cr
Banks
3.72%
3
₹77.88 Cr
Banks
3.59%
4
₹64.05 Cr
Banks
2.95%
5
₹59.94 Cr
Cement & Cement Products
2.76%
6
₹53.68 Cr
Banks
2.48%
7
₹52.47 Cr
Chemicals & Petrochemicals
2.42%
8
₹51.88 Cr
Telecom - Services
2.39%
9
₹50.83 Cr
Banks
2.34%
10
₹49.21 Cr
Automobiles
2.27%
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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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