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
|Axis Business Cycle Fund
|NFO Opening Date
|2nd February 2023
|NFO Closing Date
|16th February 2023
|Within 5 business days from date of allotment
|Type of Fund
|Mr Ashish NaikMr Hitesh Das (for Foreign Securities)
|Minimum Investment Amount
|Minimum Additional Purchase Amount
|Very High Risk
|Nifty 500 TRI
|Plans and Options
|Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option
- 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
- Axis Long Term Equity Fund
- Axis Small Cap Fund
- Axis Midcap Fund
- Axis Growth Opportunities Fund
- Axis Focused 25 Fund
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
- Axis Saver Fund
- Axis Triple Advantage Fund
- Axis Equity Hybrid Fund
- Axis Children s Gift Lock in fund
|Equity & Equity Related Instruments Selected on the Basis of Business Cycle
|Other Equity & Equity Related Instruments
|Debt and Money Market Instruments
|Low to Moderate
|Units issued by REITs and InvITs
|Moderate to High
Similar Mutual Funds
- ICICI Prudential Business Cycle Fund
- Aditya Birla Sun Life Business Cycle Fund
- Kotak Business Cycle Fund
- HSBC Business Cycles fund
Frequently Asked Questions
You can invest in the Axis Business Cycle Fund through any of the following methods:
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.
Axis Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
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.
No, Axis Business Cycle Fund has no lock-in period.
The Axis Business Cycle Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.