Should I invest in Axis Business Cycles Fund?

We don't give personal investment advice. Axis Business Cycles Fund - Direct Plan - IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

Axis

Axis Business Cycles Fund - Direct Plan - IDCW

Latest NAV

₹16.2700

As of

17 Jul 2026

839 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.18%	-0.04%	+0.22	101 / 249	Q2
1W	-0.37%	-0.15%	-0.21	163 / 249	Q3
2W	-7.29%	-0.61%	-6.68	247 / 251	Q4
1M	-5.68%	+1.14%	-6.82	247 / 251	Q4
3M	-3.67%	+3.90%	-7.57	239 / 251	Q4
6M	-5.24%	+2.59%	-7.83	207 / 243	Q4
YTD	-6.22%	+0.68%	-6.91	198 / 241	Q4
1Y	-5.13%	+2.39%	-7.52	188 / 229	Q4
2Y	-1.27%	+0.44%	-1.71	108 / 186	Q3
3Y	+11.62%	+11.53%	+0.09	88 / 151	Q3
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+15.39%	+10.06%	+5.33	58 / 251	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-6.22%	+1.51%	-7.73	196 / 237
2025	+4.03%	+1.49%	+2.54	74 / 204
2024	+21.07%	+20.10%	+0.97	67 / 158
2023	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+18.03%

30 windows

min -5.1% · max 45.3%

93% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+15.41%

5 windows

min 11.6% · max 18.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

14.29%

3-year · annualised

Sharpe ratio

0.38

vs risk-free 6.5%

Sortino ratio

0.60

Downside-only deviation

Max drawdown

-19.26%

Sep 2024 → Feb 2025

% positive months

61.1%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Sectoral/Thematic Fund

Scheme	Fund house	NAV	As of
HDFC Banking & Financial Services Fund - IDCW Option - Direct Plan	HDFC	₹17.4480	17 Jul 2026
NIPPON INDIA - JAPAN EQUITY FUND - DIRECT Plan - IDCW Option	Nippon India	₹30.5463	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹12.5864	17 Jul 2026
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW	ICICI Prudential	₹70.0600	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - IDCW	Invesco	₹14.5200	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - IDCW	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - IDCW Option - Direct Plan	Quant	₹22.0968	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹32.1000	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-IDCW	Motilal Oswal	₹13.5239	17 Jul 2026
Franklin India Multi-Factor Fund- Direct- IDCW	Franklin India	₹9.6426	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹16.2700
16 Jul 2026	₹16.2400
15 Jul 2026	₹16.2500
14 Jul 2026	₹16.1800
13 Jul 2026	₹16.3100
10 Jul 2026	₹16.3300
9 Jul 2026	₹16.1300
8 Jul 2026	₹15.9500
7 Jul 2026	₹16.2500
6 Jul 2026	₹16.2900

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Axis Business Cycles Fund - Direct Plan - IDCW is ₹16.2700. It's a Sectoral/Thematic Fund from Axis, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Axis Business Cycles Fund - Direct Plan - IDCW has NAV history starting from 27 Feb 2023, a track record of about 3 years 4 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Axis Business Cycles Fund - Direct Plan - IDCW is managed by Axis. It's classified by AMFI under the 'Sectoral/Thematic Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Axis Business Cycles Fund - Direct Plan - IDCW has delivered a absolute return of -5.13% — -7.52 pp behind the Sectoral/Thematic Fund category average of 2.39%. The fund ranks #188 of 229 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Axis Business Cycles Fund - Direct Plan - IDCW has delivered a CAGR of 11.62% — +0.09 pp ahead of the Sectoral/Thematic Fund category average of 11.53%. The fund ranks #88 of 151 in its category — the third (Q3) quartile.

Axis Business Cycles Fund - Direct Plan - IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Axis Business Cycles Fund - Direct Plan - IDCW exactly 3 years ago would be worth approximately ₹139,060 today — a multiplier of 1.39×, based on the 3-year CAGR of 11.62%. The category average over the same window would have grown ₹1 lakh to ₹138,715.

A ₹10,000 monthly SIP in Axis Business Cycles Fund - Direct Plan - IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹381,423 today. That's an XIRR (money-weighted annualised return) of 3.79%.

Axis Business Cycles Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹381,423 — XIRR 3.79%.

On a 3-year basis, Axis Business Cycles Fund - Direct Plan - IDCW ranks #88 out of 151 funds in the Sectoral/Thematic Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 11.53%; this fund delivered 11.62%.

The worst peak-to-trough decline Axis Business Cycles Fund - Direct Plan - IDCW has experienced over the last 3-year window is 19.26% — its NAV fell from a high on 24 Sep 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Axis Business Cycles Fund - Direct Plan - IDCW averaged 15.41% (best 18.31%, worst 11.62%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.38 — weak risk-adjusted performance.

In calendar year 2025, Axis Business Cycles Fund - Direct Plan - IDCW returned 4.03% — beating the Sectoral/Thematic Fund category average of 1.49% by 2.54 pp. It ranked #74 of 204 in its category that year.

Axis Business Cycles Fund - Direct Plan - IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Axis Business Cycles Fund - Direct Plan - IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.