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Sectoral / Thematic · Axis Mutual Fund · AMFI code 151366Axis Business Cycles Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹2,168 Cr
up ₹42.4 Cr vs Jul 2026
- Stocks held
- 79
- up 2 vs Jul 2026
- Top 10 weight
- 28.8%
- of the portfolio in its ten largest
- Cash & debt
- 4.2%
- cash, money market and debt
- Moves this month
- 4 in · 2 out
- added to 10, trimmed 34
Axis Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from Axis Mutual Fund. In August 2026 it disclosed 79 stocks worth ₹2,168 Cr, up ₹42.4 Cr from Jul 2026. Its largest positions were Larsen & Toubro Limited (3.8%), ICICI Bank Limited (3.7%), Axis Bank Limited (3.6%); the ten largest together made up 28.8% of the portfolio, and Banks was the biggest sector at 18.4% of its equity. Cash and debt stood at 4.2%. Compared with Jul 2026 the fund entered 4 new stocks and exited 2.
Against 226 other Sectoral / Thematic funds
Concentration
6%
Top-10 weight is higher than 6% of peers
Breadth
96%
Holds more stocks than 96% of peers
Cash
63%
Holds more cash than 63% of peers
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 3.84%
- Δ weight
- up 0.03 pts
- Value
- ₹83.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 3.75%
- Δ weight
- up 0.73 pts
- Value
- ₹81.3 Cr
- Δ value
- up ₹17.2 Cr
- Status
- Added
- Weight
- 3.72%
- Δ weight
- down 0.03 pts
- Value
- ₹80.6 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 3.59%
- Δ weight
- up 0.13 pts
- Value
- ₹77.9 Cr
- Δ value
- up ₹4.2 Cr
- Status
- Added
- Weight
- 2.95%
- Δ weight
- down 0.23 pts
- Value
- ₹64.1 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 2.76%
- Δ weight
- up 0.17 pts
- Value
- ₹59.9 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 2.48%
- Δ weight
- up 0.15 pts
- Value
- ₹53.7 Cr
- Δ value
- up ₹4.3 Cr
- Status
- Added
- Weight
- 2.42%
- Δ weight
- up 0.14 pts
- Value
- ₹52.5 Cr
- Δ value
- up ₹3.9 Cr
- Status
- Added
- Weight
- 2.39%
- Δ weight
- down 0.26 pts
- Value
- ₹51.9 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
- Weight
- 2.34%
- Δ weight
- down 0.04 pts
- Value
- ₹50.8 Cr
- Δ value
- up ₹21 L
- Status
- Held
- Weight
- 2.27%
- Δ weight
- down 0.44 pts
- Value
- ₹49.2 Cr
- Δ value
- down ₹8.4 Cr
- Status
- Trimmed
- Weight
- 2.20%
- Δ weight
- up 0.44 pts
- Value
- ₹47.7 Cr
- Δ value
- up ₹10.4 Cr
- Status
- Added
- Weight
- 2.08%
- Δ weight
- up 0.53 pts
- Value
- ₹45.2 Cr
- Δ value
- up ₹12.1 Cr
- Status
- Added
- Weight
- 1.95%
- Δ weight
- down 0.09 pts
- Value
- ₹42.3 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- down 0.13 pts
- Value
- ₹40.5 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 1.65%
- Δ weight
- down 0.45 pts
- Value
- ₹35.9 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 1.55%
- Δ weight
- up 0.09 pts
- Value
- ₹33.5 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.54%
- Δ weight
- down 1.00 pts
- Value
- ₹33.4 Cr
- Δ value
- down ₹20.5 Cr
- Status
- Trimmed
- Weight
- 1.45%
- Δ weight
- up 0.10 pts
- Value
- ₹31.5 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 1.45%
- Δ weight
- down 0.28 pts
- Value
- ₹31.5 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- down 0.06 pts
- Value
- ₹30.4 Cr
- Δ value
- down ₹63 L
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- down 0.07 pts
- Value
- ₹30.2 Cr
- Δ value
- down ₹96 L
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- up 0.16 pts
- Value
- ₹30.1 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 1.32%
- Δ weight
- up 0.07 pts
- Value
- ₹28.7 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.09 pts
- Value
- ₹28 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- down 0.11 pts
- Value
- ₹28 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.21 pts
- Value
- ₹27.5 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 1.26%
- Δ weight
- up 0.32 pts
- Value
- ₹27.3 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Weight
- 1.22%
- Δ weight
- down 0.01 pts
- Value
- ₹26.3 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.14%
- Δ weight
- down 0.06 pts
- Value
- ₹24.8 Cr
- Δ value
- down ₹87 L
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- up 0.02 pts
- Value
- ₹23.2 Cr
- Δ value
- up ₹91 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- down 0.03 pts
- Value
- ₹22.9 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- down 0.03 pts
- Value
- ₹22.6 Cr
- Δ value
- down ₹9 L
- Status
- Held
- Weight
- 1.03%
- Δ weight
- up 0.25 pts
- Value
- ₹22.3 Cr
- Δ value
- up ₹5.9 Cr
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.21 pts
- Value
- ₹22.2 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.07 pts
- Value
- ₹22.2 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.32 pts
- Value
- ₹22.1 Cr
- Δ value
- up ₹7.3 Cr
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.12 pts
- Value
- ₹21.8 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.10 pts
- Value
- ₹21.7 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.42 pts
- Value
- ₹21.7 Cr
- Δ value
- up ₹9.3 Cr
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.98 pts
- Value
- ₹21.2 Cr
- Δ value
- up ₹21.2 Cr
- Status
- New
- Weight
- 0.97%
- Δ weight
- down 0.03 pts
- Value
- ₹21.1 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up 0.05 pts
- Value
- ₹20.7 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 0.94%
- Δ weight
- up 0.25 pts
- Value
- ₹20.5 Cr
- Δ value
- up ₹5.8 Cr
- Status
- Added
- Weight
- 0.93%
- Δ weight
- down 0.09 pts
- Value
- ₹20.2 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.06 pts
- Value
- ₹19.7 Cr
- Δ value
- down ₹86 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.01 pts
- Value
- ₹19.5 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 0.88%
- Δ weight
- down 0.02 pts
- Value
- ₹19.1 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- up 0.12 pts
- Value
- ₹18.8 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 0.86%
- Δ weight
- down 0.06 pts
- Value
- ₹18.7 Cr
- Δ value
- down ₹85 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.09 pts
- Value
- ₹18.5 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.81%
- Δ weight
- up 0.04 pts
- Value
- ₹17.6 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 0.81%
- Δ weight
- up 0.22 pts
- Value
- ₹17.5 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 0.80%
- Δ weight
- down 0.26 pts
- Value
- ₹17.4 Cr
- Δ value
- down ₹5.2 Cr
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- up 0.08 pts
- Value
- ₹17 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 0.78%
- Δ weight
- down 0.09 pts
- Value
- ₹16.9 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.76%
- Δ weight
- up 0.05 pts
- Value
- ₹16.6 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 0.75%
- Δ weight
- down <0.01 pts
- Value
- ₹16.2 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 0.73%
- Δ weight
- down 0.72 pts
- Value
- ₹15.9 Cr
- Δ value
- down ₹15 Cr
- Status
- Trimmed
- Weight
- 0.73%
- Δ weight
- down 0.03 pts
- Value
- ₹15.8 Cr
- Δ value
- down ₹28 L
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- up 0.01 pts
- Value
- ₹15.6 Cr
- Δ value
- up ₹55 L
- Status
- Added
- Weight
- 0.69%
- Δ weight
- up 0.06 pts
- Value
- ₹14.9 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 0.67%
- Δ weight
- up 0.01 pts
- Value
- ₹14.5 Cr
- Δ value
- up ₹47 L
- Status
- Added
- Weight
- 0.66%
- Δ weight
- up 0.05 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 0.63%
- Δ weight
- down 0.03 pts
- Value
- ₹13.6 Cr
- Δ value
- down ₹42 L
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- down 0.09 pts
- Value
- ₹13.6 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- down 0.35 pts
- Value
- ₹13.6 Cr
- Δ value
- down ₹7.2 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- down 0.05 pts
- Value
- ₹13.3 Cr
- Δ value
- down ₹91 L
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- down 0.01 pts
- Value
- ₹13.3 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 0.61%
- Δ weight
- down 0.11 pts
- Value
- ₹13.2 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- down 0.25 pts
- Value
- ₹12.9 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- down 0.06 pts
- Value
- ₹12.9 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- up 0.59 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹12.7 Cr
- Status
- New
- Weight
- 0.58%
- Δ weight
- up 0.01 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹42 L
- Status
- Added
- Weight
- 0.51%
- Δ weight
- up 0.01 pts
- Value
- ₹11 Cr
- Δ value
- up ₹43 L
- Status
- Added
- Weight
- 0.48%
- Δ weight
- down 0.02 pts
- Value
- ₹10.4 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- 91 DAY T-BILLDebt
- Weight
- 0.46%
- Δ weight
- up 0.46 pts
- Value
- ₹9.9 Cr
- Δ value
- up ₹9.9 Cr
- Status
- New
- Weight
- 0.37%
- Δ weight
- down 0.04 pts
- Value
- ₹8 Cr
- Δ value
- down ₹65 L
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- down 0.02 pts
- Value
- ₹7.9 Cr
- Δ value
- down ₹37 L
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- up 0.28 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹6.1 Cr
- Status
- New
- Weight
- 0.17%
- Δ weight
- up 0.17 pts
- Value
- ₹3.7 Cr
- Δ value
- up ₹3.7 Cr
- Status
- New
- NIFTY 24200 Call September 2026 OptionDerivative
- Weight
- 0.04%
- Δ weight
- up 0.04 pts
- Value
- ₹81 L
- Δ value
- up ₹81 L
- Status
- New
What changed, Jul 2026 to Aug 2026
New New positions (4)
- Canara Bank1.0% · ₹21.2 Cr
- Shriram Pistons & Rings Limited0.6% · ₹12.7 Cr
- Jindal Stainless Limited0.3% · ₹6.1 Cr
- Dhoot Transmission Ltd0.2% · ₹3.7 Cr
Exited Exited (2)
- BSE Limitedwas 1.5% · ₹32.4 Cr
- Corona Remedies Limitedwas 0.4% · ₹7.5 Cr
Added Biggest additions
- Industries Limited ₹12.1 Cr (+0.53% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Banks (+1.2 pts) and Auto Components (+1.0 pts), and fell most in Capital Markets (−1.6 pts) and Finance (−1.2 pts).
- Banks17.2% → 18.4%+1.2 pts
- Auto Components5.6% → 6.6%+1.0 pts
- Electrical Equipment1.6% → 2.4%+0.8 pts
- Industrial Products4.9% → 5.6%+0.7 pts
- Financial Technology (fintech)2.6% → 3.2%+0.6 pts
- Non - Ferrous Metals2.5% → 3.1%+0.6 pts
- Capital Markets2.2% → 0.6%−1.6 pts
- Finance6.5% → 5.3%−1.2 pts
- Pharmaceuticals & Biotechnology3.6% → 2.7%−0.8 pts
- Chemicals & Petrochemicals7.0% → 6.5%−0.5 pts
- Automobiles4.1% → 3.6%−0.4 pts
- Telecom - Services2.8% → 2.5%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Feb 2026 | Mar 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|
| Banks | 23.4% | 17.8% | 17.2% | 18.4% |
| Auto Components | 4.7% | 4.3% | 5.6% | 6.6% |
| Chemicals & Petrochemicals | 5.1% | 6.2% | 7.0% | 6.5% |
| Industrial Products | 4.2% | 4.9% | 4.9% | 5.6% |
| Finance | 4.9% | 4.8% | 6.5% | 5.3% |
| Retailing | 2.8% | 3.0% | 5.3% | 5.1% |
| IT - Software | 3.0% | 3.4% | 4.3% | 4.3% |
| Construction | 3.7% | 3.8% | 4.0% | 4.0% |
| Cement & Cement Products | 4.5% | 4.3% | 3.7% | 3.9% |
| Automobiles | 3.6% | 3.9% | 4.1% | 3.6% |
Allocation in Aug 2026change vs Jul 2026
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Aug 2026
4.2%
▲ 0.7 pts vs Jul 2026
- Cash alone
- 3.7%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.6% – 4.9%
- lowest to highest · record 4.9% in Mar 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.