Axis Business Cycles Fund
Monthly portfolio · 24 months through Sep-2026
compared to Aug-2026 · as on September 30, 2026
Holdings
86
Scheme AUM
₹2,039 cr
New
9
Exited
3
Increased
8
Reduced
12
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Larsen & Toubro Limited INE018A01030 | Construction | 2,05,760 | — | 3.79% | -0.05pp | ₹77.37 cr |
| — | Axis Bank Limited INE238A01034 | Banks | 5,99,057 | — | 3.60% | +0.01pp | ₹73.44 cr |
| — | ICICI Bank Limited INE090A01021 | Banks | 5,54,096 | — | 3.59% | -0.13pp | ₹73.23 cr |
| Increased | HDFC Bank Limited INE040A01034 | Banks | 9,60,108 | +56,701 | 3.34% | +0.39pp | ₹68.04 cr |
| Increased | Kotak Mahindra Bank Limited INE237A01036 | Banks | 13,30,462 | +50,468 | 2.72% | +0.24pp | ₹55.48 cr |
| — | Grasim Industries Limited INE047A01021 | Cement & Cement Products | 1,77,798 | — | 2.67% | -0.09pp | ₹54.44 cr |
| — | Aether Industries Limited INE0BWX01014 | Chemicals & Petrochemicals | 3,10,206 | — | 2.58% | +0.16pp | ₹52.71 cr |
| — | Bharti Airtel Limited INE397D01024 | Telecom - Services | 2,86,337 | — | 2.47% | +0.08pp | ₹50.31 cr |
| — | PTC Industries Limited INE596F01018 | Industrial Products | 20,421 | — | 2.22% | +0.14pp | ₹45.31 cr |
| — | IndusInd Bank Limited INE095A01012 | Banks | 5,00,032 | — | 2.21% | -0.13pp | ₹45.07 cr |
| Increased | Reliance Industries Limited INE002A01018 | Petroleum Products | 3,72,573 | +55,180 | 2.17% | +0.30pp | ₹44.22 cr |
| Reduced | One 97 Communications Limited INE982J01020 | Financial Technology (Fintech) | 2,37,741 | -40,028 | 1.96% | -0.24pp | ₹39.89 cr |
| — | HCL Technologies Limited INE860A01027 | IT - Software | 3,22,294 | — | 1.94% | -0.01pp | ₹39.64 cr |
| — | Jindal Steel Limited INE749A01030 | Ferrous Metals | 2,80,912 | — | 1.56% | +0.01pp | ₹31.88 cr |
| Reduced | Eternal Limited INE758T01015 | Retailing | 9,95,219 | -98,345 | 1.56% | -0.09pp | ₹31.85 cr |
| — | Solar Industries India Limited INE343H01029 | Chemicals & Petrochemicals | 15,674 | — | 1.51% | +0.06pp | ₹30.88 cr |
| — | Sona BLW Precision Forgings Limited INE073K01018 | Auto Components | 3,71,826 | — | 1.51% | +0.12pp | ₹30.86 cr |
| Reduced | Mahindra & Mahindra Limited INE101A01026 | Automobiles | 1,03,596 | -46,329 | 1.50% | -0.77pp | ₹30.56 cr |
| — | Bajaj Finance Limited INE296A01032 | Finance | 3,15,724 | — | 1.49% | -0.05pp | ₹30.29 cr |
| — | CreditAccess Grameen Limited INE741K01010 | Finance | 2,30,683 | — | 1.44% | -0.01pp | ₹29.34 cr |
| — | NTPC Limited INE733E01010 | Power | 8,53,969 | — | 1.35% | +0.06pp | ₹27.56 cr |
| — | Vishal Mega Mart Limited INE01EA01019 | Retailing | 27,19,671 | — | 1.35% | -0.04pp | ₹27.47 cr |
| — | Bosch Limited INE323A01026 | Auto Components | 5,502 | — | 1.27% | — | ₹25.91 cr |
| — | Tata Motors Ltd INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 6,08,695 | — | 1.26% | -0.06pp | ₹25.67 cr |
| Reduced | TD Power Systems Limited INE419M01035 | Electrical Equipment | 3,08,910 | -43,034 | 1.19% | -0.07pp | ₹24.28 cr |
| — | Hyundai Motor India Ltd INE0V6F01027 | Automobiles | 1,19,495 | — | 1.19% | -0.03pp | ₹24.27 cr |
| Increased | PNB Housing Finance Limited INE572E01012 | Finance | 2,11,886 | +18,464 | 1.16% | +0.14pp | ₹23.73 cr |
| — | Titagarh Rail Systems Limited INE615H01020 | Industrial Manufacturing | 2,79,529 | — | 1.12% | +0.07pp | ₹22.87 cr |
| — | Asian Paints Limited INE021A01026 | Consumer Durables | 93,285 | — | 1.10% | -0.04pp | ₹22.41 cr |
| New | Aurobindo Pharma Limited INE406A01037 | Pharmaceuticals & Biotechnology | 1,33,106 | — | 1.09% | — | ₹22.26 cr |
| Reduced | Mankind Pharma Limited INE634S01028 | Pharmaceuticals & Biotechnology | 87,844 | -37,968 | 1.08% | -0.32pp | ₹21.99 cr |
| — | Endurance Technologies Limited INE913H01037 | Auto Components | 80,803 | — | 1.05% | -0.02pp | ₹21.47 cr |
| — | Hindustan Zinc Limited INE267A01025 | Non - Ferrous Metals | 3,75,037 | — | 1.04% | +0.01pp | ₹21.23 cr |
| — | RBL Bank Limited INE976G01028 | Banks | 5,11,841 | — | 1.01% | +0.11pp | ₹20.65 cr |
| — | Canara Bank INE476A01022 | Banks | 16,67,158 | — | 0.98% | — | ₹19.91 cr |
| — | Hindustan Copper Limited INE531E01026 | Non - Ferrous Metals | 4,21,211 | — | 0.98% | -0.04pp | ₹19.91 cr |
| — | Pine Labs Limited INE15B701018 | Financial Technology (Fintech) | 11,46,717 | — | 0.97% | +0.10pp | ₹19.7 cr |
| — | Amber Enterprises India Limited INE371P01015 | Consumer Durables | 29,168 | — | 0.95% | -0.08pp | ₹19.46 cr |
| Increased | Delhivery Limited INE148O01028 | Transport Services | 4,74,341 | +11,595 | 0.95% | -0.02pp | ₹19.43 cr |
| — | RHI Magnesita India Limited INE743M01012 | Industrial Products | 5,03,678 | — | 0.95% | +0.09pp | ₹19.38 cr |
| — | Bajaj Finserv Limited INE918I01026 | Finance | 1,11,744 | — | 0.95% | -0.09pp | ₹19.34 cr |
| — | ABB India Limited INE117A01022 | Electrical Equipment | 28,349 | — | 0.94% | -0.06pp | ₹19.21 cr |
| — | Brigade Enterprises Limited INE791I01019 | Realty | 3,31,153 | — | 0.93% | -0.07pp | ₹19.05 cr |
| — | Ambuja Cements Limited INE079A01024 | Cement & Cement Products | 5,03,710 | — | 0.92% | -0.01pp | ₹18.84 cr |
| — | Bharat Forge Limited INE465A01025 | Auto Components | 97,298 | — | 0.92% | -0.02pp | ₹18.74 cr |
| — | Vedanta Aluminium Metal Limited INE1CDF01017 | Non - Ferrous Metals | 4,52,772 | — | 0.92% | +0.01pp | ₹18.69 cr |
| Increased | PI Industries Limited INE603J01030 | Fertilizers & Agrochemicals | 76,713 | +20,831 | 0.87% | +0.26pp | ₹17.72 cr |
| — | Cummins India Limited INE298A01020 | Industrial Products | 36,144 | — | 0.84% | -0.01pp | ₹17.2 cr |
| — | Swiggy Limited INE00H001014 | Retailing | 6,78,352 | — | 0.83% | -0.05pp | ₹16.97 cr |
| — | Gujarat Fluorochemicals Limited INE09N301011 | Chemicals & Petrochemicals | 37,562 | — | 0.81% | — | ₹16.55 cr |
| — | Jubilant Ingrevia Limited INE0BY001018 | Chemicals & Petrochemicals | 2,50,000 | — | 0.80% | +0.02pp | ₹16.33 cr |
| — | Minda Corporation Limited INE842C01021 | Auto Components | 2,27,954 | — | 0.77% | +0.02pp | ₹15.79 cr |
| New | Neogen Chemicals Limited INE136S01016 | Chemicals & Petrochemicals | 63,079 | — | 0.76% | — | ₹15.46 cr |
| — | Welspun Corp Limited INE191B01025 | Industrial Products | 56,890 | — | 0.76% | +0.13pp | ₹15.46 cr |
| — | Healthcare Global Enterprises Limited INE075I01017 | Healthcare Services | 2,25,921 | — | 0.74% | -0.02pp | ₹15.05 cr |
| — | United Spirits Limited INE854D01024 | Beverages | 1,06,271 | — | 0.71% | -0.02pp | ₹14.39 cr |
| Reduced | Sapphire Foods India Limited INE806T01020 | Leisure Services | 6,68,342 | -78,117 | 0.70% | -0.11pp | ₹14.17 cr |
| — | Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 30,296 | — | 0.69% | +0.02pp | ₹14.14 cr |
| Increased | Jindal Stainless Limited INE220G01021 | Ferrous Metals | 1,87,070 | +99,673 | 0.69% | +0.41pp | ₹13.98 cr |
| — | Chalet Hotels Limited INE427F01016 | Leisure Services | 1,65,024 | — | 0.68% | -0.01pp | ₹13.95 cr |
| — | Page Industries Limited INE761H01022 | Textiles & Apparels | 3,799 | — | 0.68% | +0.05pp | ₹13.82 cr |
| Reduced | Max Healthcare Institute Limited INE027H01010 | Healthcare Services | 1,48,640 | -18,038 | 0.68% | -0.12pp | ₹13.82 cr |
| — | Mphasis Limited INE356A01018 | IT - Software | 64,081 | — | 0.68% | -0.04pp | ₹13.81 cr |
| Increased | SPR Auto Technologies Ltd INE526E01018 | Auto Components | 28,143 | +583 | 0.64% | +0.05pp | ₹13.1 cr |
| — | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 1,52,096 | — | 0.64% | +0.01pp | ₹13.06 cr |
| — | Oil & Natural Gas Corporation Limited INE213A01029 | Oil | 5,56,410 | — | 0.62% | +0.03pp | ₹12.56 cr |
| — | Alkem Laboratories Limited INE540L01014 | Pharmaceuticals & Biotechnology | 24,158 | — | 0.61% | +0.02pp | ₹12.47 cr |
| New | Marico Limited INE196A01026 | Agricultural Food & other Products | 1,46,642 | — | 0.57% | — | ₹11.53 cr |
| — | Tube Investments of India Limited INE974X01010 | Auto Components | 47,783 | — | 0.56% | -0.05pp | ₹11.35 cr |
| — | 360 One WAM Limited INE466L01038 | Capital Markets | 1,06,456 | — | 0.54% | -0.04pp | ₹10.96 cr |
| Reduced | Coforge Limited INE591G01025 | IT - Software | 62,311 | -47,419 | 0.53% | -0.47pp | ₹10.9 cr |
| New | Gland Pharma Limited INE068V01023 | Pharmaceuticals & Biotechnology | 36,168 | — | 0.51% | — | ₹10.49 cr |
| — | S.J.S. Enterprises Limited INE284S01014 | Auto Components | 44,349 | — | 0.49% | -0.02pp | ₹10.01 cr |
| — | 91 Days Tbill (MD 12/11/2026) IN002026X198 | Sovereign | 10,00,000 | — | 0.49% | +0.03pp | ₹9.94 cr |
| Reduced | Aarti Industries Limited INE769A01020 | Chemicals & Petrochemicals | 2,07,047 | -95,442 | 0.48% | -0.25pp | ₹9.85 cr |
| — | Tech Mahindra Limited INE669C01036 | IT - Software | 64,136 | — | 0.48% | — | ₹9.77 cr |
| Reduced | Jubilant Foodworks Limited INE797F01020 | Leisure Services | 1,99,466 | -1,42,879 | 0.45% | -0.33pp | ₹9.11 cr |
| Reduced | Info Edge (India) Limited INE663F01032 | Retailing | 73,162 | -84,671 | 0.44% | -0.52pp | ₹8.92 cr |
| — | SBI Life Insurance Company Limited INE123W01016 | Insurance | 46,205 | — | 0.38% | +0.01pp | ₹7.84 cr |
| — | Aditya Birla Real Estate Limited INE055A01016 | Realty | 58,447 | — | 0.32% | -0.05pp | ₹6.61 cr |
| New | Onemi Technology Solutions Limited INE12F801023 | Finance | 1,78,412 | — | 0.32% | — | ₹6.59 cr |
| New | InterGlobe Aviation Limited INE646L01027 | Transport Services | 12,111 | — | 0.30% | — | ₹6.04 cr |
| Reduced | Jyoti CNC Automation Ltd INE980O01024 | Industrial Manufacturing | 43,383 | -2,38,473 | 0.22% | -1.07pp | ₹4.51 cr |
| New | Dr. Reddy's Laboratories Limited INE089A01031 | Pharmaceuticals & Biotechnology | 32,488 | — | 0.20% | — | ₹4.01 cr |
| New | Cyient Dlm Ltd INE055S01018 | Aerospace & Defense | 22,069 | — | 0.10% | — | ₹2.02 cr |
| New | Syngene International Limited INE398R01022 | Healthcare Services | 34,285 | — | 0.06% | — | ₹1.25 cr |
| Exited | City Union Bank Limited INE491A01021 | Banks | — | -6,27,137 | — | -0.66pp | — |
| Exited | Hindustan Unilever Limited INE030A01027 | Diversified FMCG | — | -67,676 | — | -0.61pp | — |
| Exited | Dhoot Transmission Ltd INE01NH01023 | Auto Components | — | -25,411 | — | -0.17pp | — |
Cash & other
| Bank Nifty Index 54800 Call October 2026 Option | 0.04% | ₹0.86 cr |
| Clearing Corporation of India Ltd | 3.09% | ₹63.06 cr |
| Net Receivables / (Payables) | 0.76% | ₹15.5 cr |