Fund Facts
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Name of Fund:Axis Business Cycle Fund
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Opening:2nd February 2023
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Closing:16th February 2023
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Scheme Type:Open Ended Equity Sectoral/ Thematic
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Minimum Investment:Rs. 5,000 and in multiples of Re. 1/- thereafter
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Plan:Regular and Direct
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Options:Growth and IDCW
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Entry Load:Not Applicable
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Exit Road:1% of NAV if redeemed/switched out in excess of 10% of investment within 1 year.
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Thereafter:Nil
Fund Stats
To provide long term 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
Benchmark:
NIFTY 500
Fund Manager:
Ashish Naik, Hitesh Das
Asset Allocation
Comparable existing schemes
| Tata Business Cycle Fund | 4.86(6M) | 8.82(1Y) |
| Baroda BNP Paribas Business Cycle | -0.06(6M) | 7.44(1Y) |
Fund Prognosis
Business cycles affect every business. So buying into quality companies when their industry is going through a downturn will make a lot of sense. The fund intends to invest in such companies.
Fund House AAUM:
Rs.24892935.25 Lakhs (as on 31st December 2022)
Fund Manager:
Combined experience of above 14 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
Business cycles are very difficult to predict and their upside and downsides don’t happen together. These are extremely varied. Leading to massive difficulties in making money for the investors. I am not one bit convinced with the segment. I will not buy.