Axis Business Cycles Fund holds 81 instruments (97.27% equity), led by Larsen & Toubro Limited (4.08%), ICICI Bank Limited (3.65%) and Axis Bank Limited (3.64%), as of its 30 June 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Axis Business Cycles Fund, managed by Axis Mutual Fund, based on its monthly portfolio disclosure dated 30 June 2026. The fund holds 81 instruments with an equity allocation of 97.27%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Axis Business Cycles Fund's top 10 holdings account for 29.49% of its portfolio, more diversified than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 28.64% of net assets, spread across 13 sectors in total. Since its 31 May 2026 disclosure, the fund added 5 new positions and exited 4 positions, with NTPC Limited seeing the largest move (-0.69pp to 1.3%).
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| Pine Labs Limited | 0.43% → 0.86% | ▲ +0.43 |
| Aether Industries Limited | 1.89% → 2.3% | ▲ +0.41 |
| Jyoti CNC Automation Limited | 1.05% → 1.35% | ▲ +0.3 |
| Tata Motors Limited | 0.94% → 1.23% | ▲ +0.29 |
| ICICI Bank Limited | 3.38% → 3.65% | ▲ +0.27 |
| CREDITACCESS GRAMEEN LIMITED | 1.39% → 1.65% | ▲ +0.26 |
| S.J.S. Enterprises Limited | 0.27% → 0.47% | ▲ +0.2 |
| Sapphire Foods India Limited | 0.4% → 0.59% | ▲ +0.19 |
| HDFC Bank Limited | 3.08% → 3.26% | ▲ +0.18 |
| Max Healthcare Institute Limited | 1.11% → 1.28% | ▲ +0.17 |
| Stock | Weight | Change |
|---|---|---|
| NTPC Limited | 1.99% → 1.3% | ▼ -0.69 |
| Bharat Heavy Electricals Limited | 1.75% → 1.12% | ▼ -0.63 |
| Anthem Biosciences Limited | 1.19% → 0.65% | ▼ -0.54 |
| GE Vernova T&D India Limited | 1.02% → 0.66% | ▼ -0.36 |
| Reliance Industries Limited | 2.27% → 2.01% | ▼ -0.26 |
| JINDAL STEEL LIMITED | 1.65% → 1.43% | ▼ -0.22 |
| BSE Limited | 2.27% → 2.09% | ▼ -0.18 |
| Hindustan Zinc Limited | 0.94% → 0.78% | ▼ -0.16 |
| RHI MAGNESITA INDIA LIMITED | 1% → 0.89% | ▼ -0.11 |
| Cummins India Limited | 2% → 1.9% | ▼ -0.1 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Jan – Jun 2026).
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: Axis Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 June 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.