Axis Business Cycle Fund NFO Review, Offer Details

Axis Business Cycle Fund New Fund Offer Review

Updated on 17 Oct, 2023

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Axis Mutual Fund is launching a new equity fund that invests based on the business cycles theme, Axis Business Cycle Fund. The fund offers a theme-based diversified portfolio by investing across market caps.
The New Fund Offer (NFO) period for the Axis Business Cycle Fund is from 2nd February 2023, to 16th February 2023. The scheme re-opens for continuous repurchases and sale within 5 business days from the date of allotment.

Investment Objective: The scheme aims to generate capital appreciation by investing predominantly in equity and equity-related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

Axis Business Cycle Fund NFO Details

Fund Name	Axis Business Cycle Fund
NFO Opening Date	2nd February 2023
NFO Closing Date	16th February 2023
Re-open Date	Within 5 business days from date of allotment
Type of Fund	Thematic Fund
Fund Manager	Mr Ashish NaikMr Hitesh Das (for Foreign Securities)
Minimum Investment Amount	INR 5,000
Minimum Additional Purchase Amount	INR 1,000
Exit Load	0-1%
Suitability	Very High Risk
Benchmark	Nifty 500 TRI
Plans and Options	Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option

NOTE:

All additional investment amounts should be multiple of INR 1
Minimum SIP/SWP for Monthly frequency is INR 1,000.

Who Can Invest in Axis Business Cycle Fund NFO?

Axis Business Cycle Fund is a thematic equity mutual fund and best suits investors looking to invest in a theme. The scheme focuses on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

A business cycle is defined as a period of expansion and contraction. During the expansion period, the economy experiences growth due to high economic activity. On the other hand, during the contraction period, economic activity slows down.

The fund has a hybrid approach of top-down & bottom-up approaches. Furthermore, it invests in sectors that benefit from prevalent economic cycles.

Thus, investors who prefer theme-based investments can consider Axis Business Cycle Fund. Since it is a thematic fund, it has higher risk compared to other diversified equity mutual funds. Investing in Axis Business Cycle Fund requires a long-term investment horizon of a minimum of 5 years or more as it helps in long-term wealth creation.

Popular Funds by Axis Mutual Funds

Fund Manager

Mr Ashish Naik

Mr Ashish joined Axis AMC in 2009 and is currently the Equity Fund Manager. Before joining Axis mutual fund, he was associated with Goldman Sachs India. He holds a BE in Computers from K. J. Somaiya College of Engineering, PGDBM from XLRI, Jamshedpur in 2007, FRM certification from GARP in 2007, and is a CFA, USA.

Mr Vinayak Jayanth

Mr Vinayak joined Axis Mutual Fund in 2017 and is currently the Fund Manager – Foreign Securities. He has expertise in Foreign Securities. Prior to joining Axis AMC, Mr Vinayak was with Kotak Life Insurance. He holds a B.Com (Banking and Insurance) degree from HR College (Mumbai University) and an MBA from NMIMS.

Other Funds Managed

Asset Allocation

Instruments	Minimum Allocation	Maximum Allocation	Risk Profile
Equity & Equity Related Instruments Selected on the Basis of Business Cycle	80%	100%	Very High
Other Equity & Equity Related Instruments	0%	20%	Very High
Debt and Money Market Instruments	0%	20%	Low to Moderate
Units issued by REITs and InvITs	0%	10%	Moderate to High

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Frequently Asked Questions

How Can I Invest in the Axis Business Cycle Fund?

You can invest in the Axis Business Cycle Fund through any of the following methods:
Offline:
By filling out the Axis NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Axis mutual fund office.
Online:
Axis Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent

Is Axis Business Cycle Fund risky?

Yes, it is a high-risk investment based on the riskometer. Axis Business Cycle Fund is a pure equity mutual fund that invests in securities based on the business cycle theme. Thus, the thematic fund falls under the very high-risk category.

Is there a lock-in period for Axis Business Cycle Fund?

No, Axis Business Cycle Fund has no lock-in period.

When will the scheme open for ongoing subscriptions, switches and redemptions?

The Axis Business Cycle Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.