Axis Business Cycles Fund
Monthly portfolio · 24 months through May-2026
compared to Apr-2026 · as on May 31, 2026
Holdings
79
Scheme AUM
₹2,058 cr
New
8
Exited
6
Increased
7
Reduced
6
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Larsen & Toubro Limited INE018A01030 | Construction | 2,05,760 | — | 4.08% | +0.08pp | ₹83.88 cr |
| — | Axis Bank Limited INE238A01034 | Banks | 5,65,542 | — | 3.54% | +0.07pp | ₹72.76 cr |
| — | ICICI Bank Limited INE090A01021 | Banks | 5,54,096 | — | 3.38% | -0.01pp | ₹69.62 cr |
| — | HDFC Bank Limited INE040A01034 | Banks | 8,52,010 | — | 3.08% | -0.10pp | ₹63.44 cr |
| New | Grasim Industries Limited INE047A01021 | Cement & Cement Products | 1,77,798 | — | 2.70% | — | ₹55.52 cr |
| — | Kotak Mahindra Bank Limited INE237A01036 | Banks | 14,05,049 | — | 2.62% | +0.01pp | ₹53.98 cr |
| — | Mahindra & Mahindra Limited INE101A01026 | Automobiles | 1,69,482 | — | 2.51% | -0.03pp | ₹51.62 cr |
| — | Bharti Airtel Limited INE397D01024 | Telecom - Services | 2,64,664 | — | 2.35% | -0.07pp | ₹48.41 cr |
| Increased | Eternal Limited INE758T01015 | Retailing | 19,23,025 | +8,48,750 | 2.34% | +1.05pp | ₹48.19 cr |
| — | BSE Limited INE118H01025 | Capital Markets | 1,12,715 | — | 2.27% | +0.28pp | ₹46.73 cr |
| — | Reliance Industries Limited INE002A01018 | Petroleum Products | 3,53,445 | — | 2.27% | -0.18pp | ₹46.7 cr |
| — | IndusInd Bank Limited INE095A01012 | Banks | 5,00,032 | — | 2.22% | — | ₹45.72 cr |
| — | Cummins India Limited INE298A01020 | Industrial Products | 70,038 | — | 2.00% | +0.21pp | ₹41.19 cr |
| Reduced | NTPC Limited INE733E01010 | Power | 10,57,341 | -1,04,742 | 1.99% | -0.26pp | ₹40.91 cr |
| — | Aether Industries Limited INE0BWX01014 | Chemicals & Petrochemicals | 3,53,903 | — | 1.89% | -0.12pp | ₹38.86 cr |
| — | One 97 Communications Limited INE982J01020 | Financial Technology (Fintech) | 3,24,705 | — | 1.77% | +0.05pp | ₹36.33 cr |
| — | Bharat Heavy Electricals Limited INE257A01026 | Electrical Equipment | 8,64,538 | — | 1.75% | +0.27pp | ₹36.03 cr |
| — | Jindal Steel Limited INE749A01030 | Ferrous Metals | 2,80,912 | — | 1.65% | -0.01pp | ₹33.91 cr |
| — | Solar Industries India Limited INE343H01029 | Chemicals & Petrochemicals | 17,966 | — | 1.59% | +0.25pp | ₹32.78 cr |
| — | CG Power and Industrial Solutions Limited INE067A01029 | Electrical Equipment | 3,38,960 | — | 1.51% | +0.17pp | ₹31.1 cr |
| Increased | PTC Industries Limited INE596F01018 | Industrial Products | 18,643 | +325 | 1.47% | +0.04pp | ₹30.18 cr |
| — | Aarti Industries Limited INE769A01020 | Chemicals & Petrochemicals | 6,30,525 | — | 1.46% | -0.09pp | ₹29.95 cr |
| — | Mankind Pharma Limited INE634S01028 | Pharmaceuticals & Biotechnology | 1,25,812 | — | 1.45% | +0.08pp | ₹29.89 cr |
| — | Vishal Mega Mart Limited INE01EA01019 | Retailing | 24,31,431 | — | 1.44% | — | ₹29.61 cr |
| — | CreditAccess Grameen Limited INE741K01010 | Finance | 2,20,809 | — | 1.39% | — | ₹28.61 cr |
| — | Delhivery Limited INE148O01028 | Transport Services | 5,79,958 | — | 1.27% | -0.04pp | ₹26.23 cr |
| Increased | Asian Paints Limited INE021A01026 | Consumer Durables | 93,285 | +24,348 | 1.21% | +0.39pp | ₹24.92 cr |
| — | Sona BLW Precision Forgings Limited INE073K01018 | Auto Components | 4,05,344 | — | 1.20% | +0.01pp | ₹24.62 cr |
| Reduced | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 3,21,422 | -5,920 | 1.19% | -0.01pp | ₹24.43 cr |
| — | Hyundai Motor India Ltd INE0V6F01027 | Automobiles | 1,19,495 | — | 1.12% | +0.07pp | ₹22.99 cr |
| — | Coforge Limited INE591G01025 | IT - Software | 1,60,774 | — | 1.11% | +0.18pp | ₹22.86 cr |
| — | Max Healthcare Institute Limited INE027H01010 | Healthcare Services | 2,36,443 | — | 1.11% | -0.03pp | ₹22.82 cr |
| — | Oil & Natural Gas Corporation Limited INE213A01029 | Oil | 8,57,115 | — | 1.11% | -0.13pp | ₹22.75 cr |
| — | Endurance Technologies Limited INE913H01037 | Auto Components | 80,803 | — | 1.07% | +0.16pp | ₹22 cr |
| — | RBL Bank Limited INE976G01028 | Banks | 6,28,772 | — | 1.05% | +0.03pp | ₹21.69 cr |
| — | Jyoti CNC Automation Ltd INE980O01024 | Industrial Manufacturing | 3,63,600 | — | 1.05% | -0.27pp | ₹21.67 cr |
| Reduced | GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 40,687 | -11,696 | 1.02% | -0.11pp | ₹20.95 cr |
| — | RHI Magnesita India Limited INE743M01012 | Industrial Products | 5,03,678 | — | 1.00% | +0.01pp | ₹20.48 cr |
| — | Bosch Limited INE323A01026 | Auto Components | 5,502 | — | 0.98% | +0.02pp | ₹20.15 cr |
| — | ITC Limited INE154A01025 | Diversified FMCG | 6,97,326 | — | 0.97% | -0.09pp | ₹20.01 cr |
| — | PNB Housing Finance Limited INE572E01012 | Finance | 1,93,422 | — | 0.97% | -0.01pp | ₹19.93 cr |
| — | Bajaj Finserv Limited INE918I01026 | Finance | 1,11,744 | — | 0.97% | +0.02pp | ₹19.93 cr |
| — | Hindustan Zinc Limited INE267A01025 | Non - Ferrous Metals | 3,05,596 | — | 0.94% | +0.06pp | ₹19.34 cr |
| New | Tata Motors Ltd INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 5,07,509 | — | 0.94% | — | ₹19.26 cr |
| — | Titagarh Rail Systems Limited INE615H01020 | Industrial Manufacturing | 2,33,078 | — | 0.94% | +0.07pp | ₹19.26 cr |
| Reduced | Hindustan Unilever Limited INE030A01027 | Diversified FMCG | 85,789 | -83,399 | 0.90% | -0.94pp | ₹18.47 cr |
| — | Ambuja Cements Limited INE079A01024 | Cement & Cement Products | 4,04,373 | — | 0.88% | +0.01pp | ₹18.11 cr |
| — | HCL Technologies Limited INE860A01027 | IT - Software | 1,49,966 | — | 0.86% | -0.01pp | ₹17.75 cr |
| — | Infosys Limited INE009A01021 | IT - Software | 1,49,766 | — | 0.84% | -0.02pp | ₹17.39 cr |
| — | City Union Bank Limited INE491A01021 | Banks | 6,48,814 | — | 0.81% | -0.04pp | ₹16.57 cr |
| Reduced | HDFC Asset Management Company Limited INE127D01025 | Capital Markets | 61,878 | -15,010 | 0.80% | -0.21pp | ₹16.55 cr |
| Increased | Welspun Corp Limited INE191B01025 | Industrial Products | 1,18,408 | +16,021 | 0.79% | +0.16pp | ₹16.3 cr |
| — | Hindustan Copper Limited INE531E01026 | Non - Ferrous Metals | 3,01,941 | — | 0.79% | +0.01pp | ₹16.27 cr |
| — | Brigade Enterprises Limited INE791I01019 | Realty | 2,48,365 | — | 0.79% | -0.16pp | ₹16.2 cr |
| — | Jubilant Ingrevia Limited INE0BY001018 | Chemicals & Petrochemicals | 2,50,000 | — | 0.78% | -0.08pp | ₹16.16 cr |
| — | PI Industries Limited INE603J01030 | Fertilizers & Agrochemicals | 55,882 | — | 0.75% | -0.08pp | ₹15.51 cr |
| — | Bandhan Bank Limited INE545U01014 | Banks | 7,41,679 | — | 0.75% | +0.03pp | ₹15.45 cr |
| — | Tube Investments of India Limited INE974X01010 | Auto Components | 47,783 | — | 0.73% | +0.05pp | ₹15.01 cr |
| — | Jubilant Foodworks Limited INE797F01020 | Leisure Services | 3,42,345 | — | 0.71% | -0.08pp | ₹14.64 cr |
| — | Mphasis Limited INE356A01018 | IT - Software | 64,081 | — | 0.71% | — | ₹14.56 cr |
| — | Page Industries Limited INE761H01022 | Textiles & Apparels | 3,799 | — | 0.70% | +0.02pp | ₹14.51 cr |
| Reduced | Healthcare Global Enterprises Limited INE075I01017 | Healthcare Services | 2,25,921 | -65,700 | 0.70% | -0.11pp | ₹14.4 cr |
| — | Gujarat Fluorochemicals Limited INE09N301011 | Chemicals & Petrochemicals | 37,562 | — | 0.66% | — | ₹13.63 cr |
| — | United Spirits Limited INE854D01024 | Beverages | 1,06,271 | — | 0.66% | -0.02pp | ₹13.5 cr |
| — | Bharat Forge Limited INE465A01025 | Auto Components | 66,949 | — | 0.64% | +0.03pp | ₹13.1 cr |
| — | Corona Remedies Limited INE02ZQ01018 | Pharmaceuticals & Biotechnology | 78,024 | — | 0.64% | -0.01pp | ₹13.08 cr |
| Increased | Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 30,296 | +12,945 | 0.63% | +0.27pp | ₹13.04 cr |
| New | Chalet Hotels Limited INE427F01016 | Leisure Services | 1,65,024 | — | 0.63% | — | ₹12.95 cr |
| New | Minda Corporation Limited INE842C01021 | Auto Components | 1,96,946 | — | 0.60% | — | ₹12.3 cr |
| Increased | 360 One WAM Limited INE466L01038 | Capital Markets | 1,06,456 | +55,026 | 0.57% | +0.31pp | ₹11.76 cr |
| — | 91 Days Tbill (MD 04/06/2026) IN002025X489 | Sovereign | 10,00,000 | — | 0.49% | +0.01pp | ₹10 cr |
| New | 91 Days Tbill (MD 20/08/2026) IN002026X073 | Sovereign | 10,00,000 | — | 0.48% | — | ₹9.88 cr |
| — | Pine Labs Limited INE15B701018 | Financial Technology (Fintech) | 6,17,225 | — | 0.43% | -0.15pp | ₹8.92 cr |
| Increased | Sapphire Foods India Limited INE806T01020 | Leisure Services | 4,57,990 | +1,69,987 | 0.40% | +0.11pp | ₹8.29 cr |
| — | SBI Life Insurance Company Limited INE123W01016 | Insurance | 40,186 | — | 0.36% | +0.01pp | ₹7.35 cr |
| — | Aditya Birla Real Estate Limited INE055A01016 | Realty | 58,447 | — | 0.35% | -0.07pp | ₹7.27 cr |
| New | S.J.S. Enterprises Limited INE284S01014 | Auto Components | 26,442 | — | 0.27% | — | ₹5.57 cr |
| New | Aavas Financiers Limited INE216P01012 | Finance | 39,939 | — | 0.26% | — | ₹5.36 cr |
| New | Swiggy Limited INE00H001014 | Retailing | 1,75,153 | — | 0.22% | — | ₹4.52 cr |
| Exited | UltraTech Cement Limited INE481G01011 | Cement & Cement Products | — | -49,183 | — | -2.76pp | — |
| Exited | Shriram Finance Limited INE721A01047 | Finance | — | -2,07,810 | — | -0.94pp | — |
| Exited | Indus Towers Limited INE121J01017 | Telecom - Services | — | -4,47,256 | — | -0.89pp | — |
| Exited | L&T Finance Limited INE498L01015 | Finance | — | -6,47,713 | — | -0.88pp | — |
| Exited | Gabriel India Limited INE524A01029 | Auto Components | — | -1,18,171 | — | -0.59pp | — |
| Exited | Deepak Nitrite Limited INE288B01029 | Chemicals & Petrochemicals | — | -8,281 | — | -0.07pp | — |
Cash & other
| Bank Nifty Index 53500 Call June 2026 Option | 0.12% | ₹2.49 cr |
| NIFTY 24100 Put June 2026 Option | 0.05% | ₹1.04 cr |
| Bank Nifty Index 55100 Call June 2026 Option | 0.00% | ₹0.07 cr |
| Clearing Corporation of India Ltd | 2.32% | ₹47.82 cr |
| Net Receivables / (Payables) | 0.01% | ₹0.28 cr |