NAV Growth

Growth of each fund's NAV over the selected period, rebased to 0%

Growth of each fund's NAV over the selected period, rebased to 0%

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Fund Details

Fund Details	Mahindra Manulife Business Cycle Fund - Dir (G)	AXIS Business Cycles Fund - Direct (G)
Fund Type	Equity	Equity
Risk	Very High	Very High
Min SIP Amount	₹500	₹100
Min Lumpsum	₹1,000	₹100
Expense Ratio	0.94%	1.65%
NAV	₹16.30 (11 Nov 2026)	₹18.14 (11 Nov 2026)
Fund Size	₹1,224.22 Cr	₹1,962.17 Cr
Fund Started	11 Sept 2023	22 Feb 2023
Lock-in Period	No lock-in	No lock-in
Exit Load	1%If Units are redeemed/switched-out upto 3 Months from the date of allotment NilIf Units are redeemed/switched-out after 3 Months from the date of allotment	If redeemed / switched-out within 12 months - For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil.

Returns	Mahindra Manulife Business Cycle Fund - Dir (G)	AXIS Business Cycles Fund - Direct (G)
1M	5.42%	4.60%
3M	-3.51%	-1.05%
6M	-0.71%	3.88%
1Y	3.58%	4.48%
3Y	17.57%	13.62%
5Y	—	—
Since Inception	16.44%	17.07%

Trailing risk-adjusted performance measures

Risk Ratio	Mahindra Manulife Business Cycle Fund - Dir (G)	AXIS Business Cycles Fund - Direct (G)
Alpha	4.85	1.77
Beta	1.04	1.02
Sharpe	0.60	0.43
Standard Deviation	4.91	4.71

Holding Analysis	Mahindra Manulife Business Cycle Fund - Dir (G)	AXIS Business Cycles Fund - Direct (G)
Top 5 Holdings	16.79%	18.25%
Top 10 Holdings	29.00%	30.88%
Portfolio Turnover	0.91	1.08
Equity	99.20%	96.92%
Debt	0.16%	2.22%
Cash	—	—

Name	Assets
Reliance Industries...Equity	3.99%
ICICI Bank LtdEquity	3.43%
Grasim Industries LtdEquity	3.29%
JSW Energy LtdEquity	3.25%
Axis Bank LtdEquity	2.83%
Tech Mahindra LtdEquity	2.73%
IndusInd Bank LtdEquity	2.46%
Divis Laboratories LtdEquity	2.40%
Adani Enterprises LtdEquity	2.32%
Bandhan Bank LtdEquity	2.30%

Name	Assets
Larsen & Toubro LtdEquity

Fund Manager	Mahindra Manulife Business Cycle Fund - Dir (G)	AXIS Business Cycles Fund - Direct (G)
Name	, ,

About	Mahindra Manulife Business Cycle Fund - Dir (G)	AXIS Business Cycles Fund - Direct (G)
AMC	Mahindra Manulife Mutual Fund	Axis Mutual Fund
Scheme Category	Thematic Fund	Thematic Fund
Benchmark	Nifty 500 TRI	Nifty 500 TRI
Launch Date	21 Aug 2023	02 Feb 2023