Axis Business Cycles Fund
Monthly portfolio · 24 months through Aug-2026
compared to Jul-2026 · as on August 31, 2026
Holdings
80
Scheme AUM
₹2,168 cr
New
6
Exited
4
Increased
11
Reduced
12
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Larsen & Toubro Limited INE018A01030 | Construction | 2,05,760 | — | 3.84% | +0.03pp | ₹83.23 cr |
| — | ICICI Bank Limited INE090A01021 | Banks | 5,54,096 | — | 3.72% | -0.02pp | ₹80.57 cr |
| — | Axis Bank Limited INE238A01034 | Banks | 5,99,057 | — | 3.59% | +0.13pp | ₹77.88 cr |
| — | HDFC Bank Limited INE040A01034 | Banks | 9,03,407 | — | 2.95% | -0.23pp | ₹64.05 cr |
| — | Grasim Industries Limited INE047A01021 | Cement & Cement Products | 1,77,798 | — | 2.76% | +0.17pp | ₹59.94 cr |
| Increased | Kotak Mahindra Bank Limited INE237A01036 | Banks | 12,79,994 | +14,817 | 2.48% | +0.16pp | ₹53.68 cr |
| Reduced | Aether Industries Limited INE0BWX01014 | Chemicals & Petrochemicals | 3,10,206 | -5,066 | 2.42% | +0.14pp | ₹52.47 cr |
| — | Bharti Airtel Limited INE397D01024 | Telecom - Services | 2,86,337 | — | 2.39% | -0.27pp | ₹51.88 cr |
| — | IndusInd Bank Limited INE095A01012 | Banks | 5,00,032 | — | 2.34% | -0.04pp | ₹50.83 cr |
| Reduced | Mahindra & Mahindra Limited INE101A01026 | Automobiles | 1,49,925 | -19,557 | 2.27% | -0.44pp | ₹49.21 cr |
| — | One 97 Communications Limited INE982J01020 | Financial Technology (Fintech) | 2,77,769 | — | 2.20% | +0.45pp | ₹47.7 cr |
| Increased | PTC Industries Limited INE596F01018 | Industrial Products | 20,421 | +1,778 | 2.08% | +0.52pp | ₹45.16 cr |
| — | HCL Technologies Limited INE860A01027 | IT - Software | 3,22,294 | — | 1.95% | -0.09pp | ₹42.29 cr |
| Reduced | Reliance Industries Limited INE002A01018 | Petroleum Products | 3,17,393 | -7,219 | 1.87% | -0.13pp | ₹40.53 cr |
| Reduced | Eternal Limited INE758T01015 | Retailing | 10,93,564 | -3,84,781 | 1.65% | -0.45pp | ₹35.88 cr |
| — | Jindal Steel Limited INE749A01030 | Ferrous Metals | 2,80,912 | — | 1.55% | +0.09pp | ₹33.51 cr |
| Reduced | Bajaj Finance Limited INE296A01032 | Finance | 3,15,724 | -1,56,776 | 1.54% | -1.00pp | ₹33.37 cr |
| — | Solar Industries India Limited INE343H01029 | Chemicals & Petrochemicals | 15,674 | — | 1.45% | +0.09pp | ₹31.52 cr |
| — | CreditAccess Grameen Limited INE741K01010 | Finance | 2,30,683 | — | 1.45% | -0.28pp | ₹31.45 cr |
| — | Mankind Pharma Limited INE634S01028 | Pharmaceuticals & Biotechnology | 1,25,812 | — | 1.40% | -0.06pp | ₹30.44 cr |
| Reduced | Sona BLW Precision Forgings Limited INE073K01018 | Auto Components | 3,71,826 | -33,518 | 1.39% | -0.08pp | ₹30.23 cr |
| Increased | Vishal Mega Mart Limited INE01EA01019 | Retailing | 27,19,671 | +2,88,240 | 1.39% | +0.17pp | ₹30.09 cr |
| — | Tata Motors Ltd INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 6,08,695 | — | 1.32% | +0.07pp | ₹28.68 cr |
| Reduced | Jyoti CNC Automation Ltd INE980O01024 | Industrial Manufacturing | 2,81,856 | -81,744 | 1.29% | -0.09pp | ₹28.04 cr |
| — | NTPC Limited INE733E01010 | Power | 8,53,969 | — | 1.29% | -0.10pp | ₹27.96 cr |
| — | Bosch Limited INE323A01026 | Auto Components | 5,502 | — | 1.27% | +0.21pp | ₹27.51 cr |
| New | TD Power Systems Limited INE419M01035 | Electrical Equipment | 3,51,944 | — | 1.26% | — | ₹27.35 cr |
| — | Hyundai Motor India Ltd INE0V6F01027 | Automobiles | 1,19,495 | — | 1.22% | -0.01pp | ₹26.35 cr |
| — | Asian Paints Limited INE021A01026 | Consumer Durables | 93,285 | — | 1.14% | -0.07pp | ₹24.75 cr |
| — | Endurance Technologies Limited INE913H01037 | Auto Components | 80,803 | — | 1.07% | +0.02pp | ₹23.2 cr |
| — | Titagarh Rail Systems Limited INE615H01020 | Industrial Manufacturing | 2,79,529 | — | 1.05% | -0.04pp | ₹22.87 cr |
| — | Bajaj Finserv Limited INE918I01026 | Finance | 1,11,744 | — | 1.04% | -0.03pp | ₹22.58 cr |
| Increased | Hindustan Zinc Limited INE267A01025 | Non - Ferrous Metals | 3,75,037 | +69,441 | 1.03% | +0.25pp | ₹22.33 cr |
| Increased | Amber Enterprises India Limited INE371P01015 | Consumer Durables | 29,168 | +5,941 | 1.03% | +0.22pp | ₹22.23 cr |
| — | PNB Housing Finance Limited INE572E01012 | Finance | 1,93,422 | — | 1.02% | +0.06pp | ₹22.22 cr |
| Increased | Hindustan Copper Limited INE531E01026 | Non - Ferrous Metals | 4,21,211 | +1,19,270 | 1.02% | +0.32pp | ₹22.13 cr |
| — | Coforge Limited INE591G01025 | IT - Software | 1,09,730 | — | 1.00% | +0.11pp | ₹21.78 cr |
| — | Brigade Enterprises Limited INE791I01019 | Realty | 3,31,153 | — | 1.00% | +0.10pp | ₹21.72 cr |
| Increased | ABB India Limited INE117A01022 | Electrical Equipment | 28,349 | +11,352 | 1.00% | +0.42pp | ₹21.65 cr |
| New | Canara Bank INE476A01022 | Banks | 16,67,158 | — | 0.98% | — | ₹21.16 cr |
| Increased | Delhivery Limited INE148O01028 | Transport Services | 4,62,746 | +18,250 | 0.97% | -0.04pp | ₹21.11 cr |
| — | Info Edge (India) Limited INE663F01032 | Retailing | 1,57,833 | — | 0.96% | +0.05pp | ₹20.72 cr |
| Increased | Bharat Forge Limited INE465A01025 | Auto Components | 97,298 | +30,349 | 0.94% | +0.25pp | ₹20.48 cr |
| — | Ambuja Cements Limited INE079A01024 | Cement & Cement Products | 5,03,710 | — | 0.93% | -0.09pp | ₹20.21 cr |
| — | Vedanta Aluminium Metal Limited INE1CDF01017 | Non - Ferrous Metals | 4,52,772 | — | 0.91% | -0.06pp | ₹19.7 cr |
| — | RBL Bank Limited INE976G01028 | Banks | 5,11,841 | — | 0.90% | — | ₹19.47 cr |
| Increased | Swiggy Limited INE00H001014 | Retailing | 6,78,352 | +3,199 | 0.88% | -0.02pp | ₹19.12 cr |
| — | Pine Labs Limited INE15B701018 | Financial Technology (Fintech) | 11,46,717 | — | 0.87% | +0.12pp | ₹18.81 cr |
| — | RHI Magnesita India Limited INE743M01012 | Industrial Products | 5,03,678 | — | 0.86% | -0.06pp | ₹18.72 cr |
| — | Cummins India Limited INE298A01020 | Industrial Products | 36,144 | — | 0.85% | -0.09pp | ₹18.45 cr |
| — | Gujarat Fluorochemicals Limited INE09N301011 | Chemicals & Petrochemicals | 37,562 | — | 0.81% | +0.04pp | ₹17.63 cr |
| Increased | Sapphire Foods India Limited INE806T01020 | Leisure Services | 7,46,459 | +67,316 | 0.81% | +0.22pp | ₹17.5 cr |
| Reduced | Max Healthcare Institute Limited INE027H01010 | Healthcare Services | 1,66,678 | -38,951 | 0.80% | -0.26pp | ₹17.37 cr |
| — | Jubilant Foodworks Limited INE797F01020 | Leisure Services | 3,42,345 | — | 0.78% | +0.07pp | ₹16.98 cr |
| — | Jubilant Ingrevia Limited INE0BY001018 | Chemicals & Petrochemicals | 2,50,000 | — | 0.78% | -0.09pp | ₹16.87 cr |
| — | Healthcare Global Enterprises Limited INE075I01017 | Healthcare Services | 2,25,921 | — | 0.76% | +0.05pp | ₹16.57 cr |
| — | Minda Corporation Limited INE842C01021 | Auto Components | 2,27,954 | — | 0.75% | — | ₹16.24 cr |
| Reduced | Aarti Industries Limited INE769A01020 | Chemicals & Petrochemicals | 3,02,489 | -3,28,036 | 0.73% | -0.72pp | ₹15.86 cr |
| — | United Spirits Limited INE854D01024 | Beverages | 1,06,271 | — | 0.73% | -0.03pp | ₹15.83 cr |
| — | Mphasis Limited INE356A01018 | IT - Software | 64,081 | — | 0.72% | +0.01pp | ₹15.56 cr |
| — | Chalet Hotels Limited INE427F01016 | Leisure Services | 1,65,024 | — | 0.69% | +0.06pp | ₹14.92 cr |
| — | Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 30,296 | — | 0.67% | +0.01pp | ₹14.55 cr |
| — | City Union Bank Limited INE491A01021 | Banks | 6,27,137 | — | 0.66% | +0.05pp | ₹14.37 cr |
| Reduced | Welspun Corp Limited INE191B01025 | Industrial Products | 56,890 | -28,068 | 0.63% | -0.03pp | ₹13.6 cr |
| — | Page Industries Limited INE761H01022 | Textiles & Apparels | 3,799 | — | 0.63% | -0.09pp | ₹13.6 cr |
| Reduced | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 1,52,096 | -1,04,751 | 0.63% | -0.35pp | ₹13.58 cr |
| — | Hindustan Unilever Limited INE030A01027 | Diversified FMCG | 67,676 | — | 0.61% | -0.06pp | ₹13.31 cr |
| — | Tube Investments of India Limited INE974X01010 | Auto Components | 47,783 | — | 0.61% | -0.01pp | ₹13.28 cr |
| — | PI Industries Limited INE603J01030 | Fertilizers & Agrochemicals | 55,882 | — | 0.61% | -0.11pp | ₹13.24 cr |
| Reduced | Oil & Natural Gas Corporation Limited INE213A01029 | Oil | 5,56,410 | -1,79,921 | 0.59% | -0.25pp | ₹12.9 cr |
| — | Alkem Laboratories Limited INE540L01014 | Pharmaceuticals & Biotechnology | 24,158 | — | 0.59% | -0.06pp | ₹12.88 cr |
| New | SPR Auto Technologies Ltd INE526E01018 | Auto Components | 27,560 | — | 0.59% | — | ₹12.7 cr |
| — | 360 One WAM Limited INE466L01038 | Capital Markets | 1,06,456 | — | 0.58% | +0.01pp | ₹12.51 cr |
| — | S.J.S. Enterprises Limited INE284S01014 | Auto Components | 44,349 | — | 0.51% | +0.01pp | ₹11.04 cr |
| — | Tech Mahindra Limited INE669C01036 | IT - Software | 64,136 | — | 0.48% | -0.02pp | ₹10.44 cr |
| New | 91 Days Tbill (MD 12/11/2026) IN002026X198 | Sovereign | 10,00,000 | — | 0.46% | — | ₹9.9 cr |
| — | SBI Life Insurance Company Limited INE123W01016 | Insurance | 46,205 | — | 0.37% | -0.04pp | ₹8.04 cr |
| — | Aditya Birla Real Estate Limited INE055A01016 | Realty | 58,447 | — | 0.37% | -0.02pp | ₹7.92 cr |
| New | Jindal Stainless Limited INE220G01021 | Ferrous Metals | 87,397 | — | 0.28% | — | ₹6.14 cr |
| New | Dhoot Transmission Ltd INE01NH01023 | Auto Components | 25,411 | — | 0.17% | — | ₹3.75 cr |
| Exited | BSE Limited INE118H01025 | Capital Markets | — | -88,976 | — | -1.53pp | — |
| Exited | TD Power Systems Limited INE419M01027 | Electrical Equipment | — | -1,75,972 | — | -0.94pp | — |
| Exited | Corona Remedies Limited INE02ZQ01018 | Pharmaceuticals & Biotechnology | — | -35,673 | — | -0.35pp | — |
| Exited | 91 Days Tbill (MD 20/08/2026) IN002026X073 | Sovereign | — | -10,00,000 | — | -0.47pp | — |
Cash & other
| NIFTY 24200 Call September 2026 Option | 0.04% | ₹0.81 cr |
| Clearing Corporation of India Ltd | 2.44% | ₹52.99 cr |
| Net Receivables / (Payables) | 1.30% | ₹28.31 cr |