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Axis Business Cycles Fund - Direct Plan - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026
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Stocks Held
76
Apr 2026
Equity Holdings
₹1,982.26 Cr
Equity only, excl. debt & cash
Top 5 Weight
16.8%
Diversified
Top 10 Weight
29.1%
Diversified
Changes
85
11 new · 11 exits
Top Sector
Banks
17.5% of portfolio
📋 What Happened This Month Axis Business Cycles Fund made 11 new additions and exited 11 stocks this month. The biggest new buy was HDFC Asset Management Company Limited (Capital Markets) at 1.01% weight. Torrent Pharmaceuticals Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 1.18%. Among existing holdings, Eternal Limited saw the biggest increase — now at 1.29% of the portfolio. GE Vernova T&D India Limited was trimmed the most, now at 1.13%. 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
Feb 2026 Mar 2026
Sector Prev Curr Delta
Banks 23.0% 16.9% -6.1%
Chemicals & Petrochemicals 5.0% 5.9% +1.0%
Pharmaceuticals & Biotechnology 4.9% 5.0% +0.0%
Auto Components 4.6% 4.7% +0.1%
Electrical Equipment 4.3% 4.7% +0.4%
Finance 4.8% 4.6% -0.2%
Cement & Cement Products 4.4% 4.1% -0.3%
Industrial Products 4.2% 4.1% -0.1%
Automobiles 3.5% 3.7% +0.1%
Construction 3.7% 3.6% -0.1%
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%
🟢
Biggest New Buy
HDFC Asset Management Company Limited
1.01% weight · Capital Markets
🔴
Biggest Exit
Torrent Pharmaceuticals Limited
1.18% was held · Pharmaceuticals & Biotechnology
Biggest Add
Eternal Limited
+0.64% · now 1.29%
Biggest Trim
GE Vernova T&D India Limited
-1.06% · now 1.13%
🤝 Other funds also bought this month
Hindustan Aeronautics Limited 47 funds
Hindustan Aeronautics Limited
Axis Nifty India Defence Index Fund
Invesco India PSU Equity Fund
ICICI Prudential Nifty200 Quality 30 Index Fund - Direct Plan - Growth + more
HDFC Asset Management Company Limited 44 funds
HDFC Asset Management Company Limited
Tata Banking And Financial Services Fund-Direct Plan-Growth
ICICI Prudential Nifty200 Quality 30 Index Fund - Direct Plan - Growth
Motilal Oswal Flexi cap Fund Direct Plan-Growth Option + more
Coforge Limited 42 funds
Coforge Limited
ICICI Prudential Nifty IT ETF
Mirae Asset Nifty IT ETF
ICICI Prudential BSE Midcap Select ETF + more
360 One WAM Limited 37 funds
360 One WAM Limited
Tata Banking And Financial Services Fund-Direct Plan-Growth
ICICI Prudential Innovation Fund - Direct Plan - Growth
ICICI Prudential Long Term Wealth Enhancement Fund + more
Bandhan Bank Limited 28 funds
Bandhan Bank Limited
UNION EQUITY SAVINGS FUND
HDFC Banking & Financial Services Fund
UTI Nifty Private Bank Index Fund - Direct Plan - Growth Option + more
Bosch Limited 28 funds
Bosch Limited
HDFC Transportation and Logistics Fund
Mirae Asset Nifty EV and New Age Automotive ETF
ICICI Prudential Nifty EV & New Age Automotive ETF + more
👋 Other funds also exited
Bajaj Auto Limited 23 funds
Bajaj Auto Limited
ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth
quant Large Cap Fund - Growth Option - Direct Plan
quant ELSS Tax Saver Fund - Growth Option - Direct Plan + more
ICICI Prudential Asset Management Company Limited 21 funds
ICICI Prudential Asset Management Company Limited
Tata Banking And Financial Services Fund-Direct Plan-Growth
JM Large & Mid Cap Fund (Direct) - Growth Option
Union Large & Midcap Fund - Direct Plan - Growth Option + more
Trent Limited 21 funds
Trent Limited
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
ICICI Prudential Long Term Bond Fund - Direct Plan - Growth + more
Britannia Industries Limited 18 funds
Britannia Industries Limited
quant ELSS Tax Saver Fund - Growth Option - Direct Plan
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth
Bajaj Finserv Nifty Next 50 Index Fund - Direct - Growth + more
Torrent Pharmaceuticals Limited 17 funds
Torrent Pharmaceuticals Limited
ICICI Prudential BSE Midcap Select ETF
ICICI Prudential Quant Fund Direct Plan Growth
JM Large & Mid Cap Fund (Direct) - Growth Option + more
Divi's Laboratories Limited 15 funds
Divi's Laboratories Limited
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF + more

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 Apr 2026
🟢 11 New Entries 🔴 11 Exits ↑ 36 Increased ↓ 27 Decreased
#StockSectorWeight (Apr 2026)
1
HDFC Asset Management Company Limited
₹20.86 Cr
Capital Markets 1.01%
2
PNB Housing Finance Limited
₹20.23 Cr
Finance 0.98%
3
Bosch Limited
₹19.80 Cr
Auto Components 0.96%
4
Coforge Limited
₹19.23 Cr
IT - Software 0.93%
5
Bandhan Bank Limited
₹14.81 Cr
Banks 0.72%
6
Page Industries Limited
₹13.97 Cr
Textiles & Apparels 0.68%
7
Welspun Corp Limited
₹12.97 Cr
Industrial Products 0.63%
8
Hindustan Aeronautics Limited
₹7.53 Cr
Aerospace & Defense 0.36%
9
Sapphire Foods India Limited
₹5.92 Cr
Leisure Services 0.29%
10
360 One WAM Limited
₹5.32 Cr
Capital Markets 0.26%
#StockSectorLast Weight (Mar 2026)
1
Torrent Pharmaceuticals Limited
₹21.98 Cr
Pharmaceuticals & Biotechnology 1.18%
2
Varun Beverages Limited
₹16.08 Cr
Beverages 0.86%
3
Tenneco Clean Air India Limited
₹15.87 Cr
Auto Components 0.85%
4
Trent Limited
₹15.04 Cr
Retailing 0.81%
5
Britannia Industries Limited
₹12.79 Cr
Food Products 0.69%
6
Divi's Laboratories Limited
₹12.03 Cr
Pharmaceuticals & Biotechnology 0.64%
7
JK Cement Limited
₹7.93 Cr
Cement & Cement Products 0.42%
8
Bajaj Auto Limited
₹3.77 Cr
Automobiles 0.20%
9
ICICI Prudential Asset Management Company Limited
₹2.76 Cr
Capital Markets 0.15%
10
Ashok Leyland Limited
₹1.12 Cr
Agricultural, Commercial & Construction Vehicles 0.06%
#StockSectorMar 2026Apr 2026Change
1
Eternal Limited
₹26.54 Cr
Retailing 0.65% 1.29% +0.64%
2
Larsen & Toubro Limited
₹82.59 Cr
Construction 3.57% 4.00% +0.43%
3
BSE Limited
₹41.03 Cr
Capital Markets 1.62% 1.99% +0.37%
4
HDFC Bank Limited
₹65.75 Cr
Banks 2.82% 3.18% +0.36%
5
Bharat Heavy Electricals Limited
₹30.47 Cr
Electrical Equipment 1.14% 1.48% +0.34%
6
Mahindra & Mahindra Limited
₹52.50 Cr
Automobiles 2.33% 2.54% +0.21%
7
IndusInd Bank Limited
₹45.81 Cr
Banks 2.02% 2.22% +0.20%
8
Aarti Industries Limited
₹32.00 Cr
Chemicals & Petrochemicals 1.35% 1.55% +0.20%
9
Solar Industries India Limited
₹27.74 Cr
Chemicals & Petrochemicals 1.16% 1.34% +0.18%
10
Titagarh Rail Systems Limited
₹17.91 Cr
Industrial Manufacturing 0.72% 0.87% +0.15%
#StockSectorMar 2026Apr 2026Change
1
GE Vernova T&D India Limited
₹23.40 Cr
Electrical Equipment 2.19% 1.13% -1.06%
2
ICICI Bank Limited
₹70.00 Cr
Banks 4.09% 3.39% -0.70%
3
HCL Technologies Limited
₹17.98 Cr
IT - Software 1.53% 0.87% -0.66%
4
Shriram Finance Limited
₹19.48 Cr
Finance 1.44% 0.94% -0.50%
5
NTPC Limited
₹46.38 Cr
Power 2.47% 2.25% -0.22%
6
Jindal Steel Limited
₹34.36 Cr
Ferrous Metals 1.84% 1.66% -0.18%
7
Infosys Limited
₹17.70 Cr
IT - Software 1.00% 0.86% -0.14%
8
Indus Towers Limited
₹18.34 Cr
Telecom - Services 1.00% 0.89% -0.11%
9
Reliance Industries Limited
₹50.57 Cr
Petroleum Products 2.55% 2.45% -0.10%
10
Jyoti CNC Automation Ltd
₹27.27 Cr
Industrial Manufacturing 1.41% 1.32% -0.09%

Full Portfolio

76 stocks — Apr 2026

# Stock Sector Cap Weight & Value
1
₹82.59 Cr
Construction
4.00%
2
₹71.73 Cr
Banks
3.47%
3
₹70.00 Cr
Banks
3.39%
4
₹65.75 Cr
Banks
3.18%
5
₹56.98 Cr
Cement & Cement Products
2.76%
6
₹53.86 Cr
Banks
2.61%
7
₹52.50 Cr
Automobiles
2.54%
8
₹50.57 Cr
Petroleum Products
2.45%
9
₹49.94 Cr
Telecom - Services
2.42%
10
₹46.38 Cr
Power
2.25%
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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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