Aditya Birla Sun Life Business Cycle Fund vs Axis Momentum Fund
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life Business Cycle Fund is a Thematic fund and Axis Momentum Fund is a Thematic fund. In the year to 30-10-2026, Aditya Birla Sun Life Business Cycle Fund (Direct) returned 0.1% and Axis Momentum Fund (Direct) returned −8.6%. Aditya Birla Sun Life Business Cycle Fund charges 1.56% a year and Axis Momentum Fund 2.23% (Direct plans). Their portfolios overlap 28.0%: they hold 16 of the same securities.
Aditya Birla Sun Life Business Cycle Fund
Thematic
- 1 year return
- 0.1%
- Expense ratio
- 1.56%
- NAV
- ₹16.54
Which is better, Aditya Birla Sun Life Business Cycle or Axis Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Business Cycle returned more over 1 year: 0.1% against −8.6%.
- Aditya Birla Sun Life Business Cycle costs less: 1.56% a year against 2.23% (Direct plans).
- Aditya Birla Sun Life Business Cycle fell less in its worst fall since 18-12-2024: −13.8% against −21.5%.
- Aditya Birla Sun Life Business Cycle holds 1.3% of the fund in foreign stocks; Axis Momentum 0.0%.
- Aditya Birla Sun Life Business Cycle is the larger fund: ₹1,725 Cr against ₹841 Cr.
- Their portfolios overlap 28.0%: 16 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Business Cycle Fund | Axis Momentum Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,725 Cr (30-09-2026) | ₹841 Cr (30-09-2026) |
| NAV | ₹16.54 (Direct) | ₹8.64 (Direct) |
| Expense ratio (Direct) | 1.56% | 2.23% |
| Expense ratio (Regular) | 2.52% | 3.61% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 03-12-2021 | 12-12-2024 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Harish Krishnan, Pavas Pethia | Nandik Mallik |
| Exit load | Exit load of 1%, if redeemed within 30 days. | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months |
Aditya Birla Sun Life Business Cycle vs Axis Momentum: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Business Cycle Fund (Direct) | −0.42% | −2.71% | +4.16% | +0.12% | +13.11% | -- | -- |
| Axis Momentum Fund (Direct) | −1.82% | −4.32% | −4.95% | −8.57% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life Business Cycle vs Axis Momentum: Year-wise Returns
| Year | Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle | Axis MomentumAxis Momentum |
|---|---|---|
| 2026to date | +0.85% | −9.05% |
| 2025 | +5.67% | −3.16% |
| 2024 | +19.75% | -- |
| 2023 | +20.78% | -- |
| 2022 | +6.77% | -- |
Aditya Birla Sun Life Business Cycle vs Axis Momentum: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Aditya Birla Sun Life Business Cycle Fund
Rolling returns
Every 1-year holding period, 213 of them, one for each trading day from 18-12-2025 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Axis Momentum Fund (Direct)
BSE 500 TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Business Cycle | 8.0 | 32.4 | 34.7 | 21.6 | 3.3 | 0.0 | 0.0 | 6.4% | 6.2% | −3.3% | 16.1% | 86% |
| Axis Momentum | 51.2 | 26.5 | 11.2 | 9.8 | 1.4 | 0.0 | 0.0 | 1.0% | −0.2% | −12.0% | 16.9% | 28% |
| BSE 500 TRI | 31.9 | 30.5 | 25.4 | 10.3 | 1.9 | 0.0 | 0.0 | 3.2% | 2.4% | −9.2% | 15.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 18-12-2024. Past returns do not promise future returns.
Aditya Birla Sun Life Business Cycle vs Axis Momentum: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-12-2024 to 29-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle Fund (Direct) | ₹2,30,000 | ₹2,42,009 | ₹12,009 | 5.2% |
| Axis MomentumAxis Momentum Fund (Direct) | ₹2,30,000 | ₹2,20,061 | −₹9,939 | −4.4% |
Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle Fund (Direct)
Axis MomentumAxis Momentum Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Business Cycle vs Axis Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Business Cycle Fund (Direct) | Axis Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.12% | −8.57% |
| Standard deviation | 14.24% | 16.60% |
| Sharpe ratio | -0.36 | -0.83 |
| Sortino ratio | -0.49 | -1.12 |
| Maximum drawdown | −13.2% (30-03-2026) | −15.9% (23-03-2026) |
| Beta | 0.95 | 1.06 |
| Alpha | +7.25% | −0.43% |
From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Business Cycle Fund (Direct) | Axis Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.64% | −7.09% |
| Standard deviation | 13.71% | 16.97% |
| Sharpe ratio | 0.35 | -0.75 |
| Sortino ratio | 0.48 | -0.99 |
| Maximum drawdown | −17.8% (03-03-2025) | −21.5% (04-03-2025) |
| Beta | 0.94 | 1.10 |
| Alpha | +1.88% | −4.92% |
From daily NAVs, 08-12-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Axis Momentum Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Business Cycle Fund (Direct) | −13.8% | 18-12-2024 | 03-03-2025 | 09-06-2025 | 3 months | −6.5% |
| Axis Momentum Fund (Direct) | −21.5% | 02-01-2025 | 04-03-2025 | Not yet | -- | −13.5% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 18-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Axis Momentum Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Business Cycle Fund (Direct) | 106% | 87% | 3.98% |
| Axis Momentum Fund (Direct) | 106% | 136% | 7.21% |
From month-end values since 18-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Business Cycle vs Axis Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Business Cycle Fund, September 2026; Axis Momentum Fund, September 2026
Holdings in common
- Overlap
- 28.0%
- Held by both
- 16
- Only in Aditya Birla Sun Life Business Cycle
- 41
- Only in Axis Momentum
- 30
| Security | % of Aditya Birla Sun Life Business Cycle | % of Axis Momentum |
|---|---|---|
| The Federal Bank Ltd. | 3.28% | 3.40% |
| R R Kabel Ltd. | 2.76% | 2.69% |
| Sai Life Sciences Ltd. | 2.57% | 4.08% |
| Craftsman Automation Ltd. | 2.54% | 3.24% |
| Karur Vysya Bank Ltd. | 2.49% | 2.41% |
| Ather Energy Ltd. | 2.07% | 2.37% |
| Syrma SGS Technology Ltd. | 2.05% | 2.65% |
| CG Power and Industrial Solutions Ltd. | 1.81% | 2.23% |
| ICICI Bank Ltd. | 4.04% | 1.57% |
| Shriram Finance Ltd. | 1.57% | 2.63% |
| Eternal Ltd. | 1.36% | 2.26% |
| GMR Airports Ltd. | 1.10% | 3.00% |
| L&T Finance Ltd. | 0.92% | 1.26% |
| Thyrocare Technologies Ltd. | 2.18% | 0.76% |
| Sobha Ltd. | 0.71% | 0.92% |
| FSN E-Commerce Ventures Ltd. | 2.04% | 0.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.0% means 28.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Business Cycle Fund
| Security | % of fund |
|---|---|
| Shivalik Bimetal Controls Ltd. | 2.92% |
| Birlasoft Ltd. | 2.63% |
| Shaily Engineering Plastics Ltd. | 2.59% |
| S.J.S. Enterprises Ltd. | 2.50% |
| TVS Motor Company Ltd. | 2.39% |
Largest holdings only in Axis Momentum Fund
| Security | % of fund |
|---|---|
| RBL Bank Limited | 5.06% |
| P N Gadgil Jewellers Limited | 4.98% |
| Laurus Labs Limited | 4.74% |
| Navin Fluorine International Limited | 4.36% |
| Radico Khaitan Limited | 3.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Business Cycle | Axis Momentum |
|---|---|---|
| Equity | 99.1% | 90.0% |
| Debt | 0.0% | 2.4% |
| Cash and others | 0.9% | 7.7% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Business Cycle | Axis Momentum |
|---|---|---|
| Large Cap | 32.6% | 24.7% |
| Mid Cap | 25.0% | 27.2% |
| Small Cap | 40.1% | 38.1% |
| Foreign stocks | 1.3% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Business Cycle | Axis Momentum |
|---|---|---|
| Banks | 12.9% | 14.7% |
| Industrial Products | 7.0% | 10.5% |
| IT - Software | 9.7% | 0.0% |
| Pharmaceuticals & Biotechnology | 8.0% | 9.4% |
| Finance | 7.4% | 8.0% |
| Auto Components | 6.1% | 5.3% |
| Consumer Durables | 2.6% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Business Cycle vs Axis Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Business Cycle Fund | Axis Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.56% | 2.23% |
| Base expense ratio (Direct) | 0.95% | 0.78% |
| Total expense ratio (Regular) | 2.52% | 3.61% |
| Base expense ratio (Regular) | 1.79% | 2.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Aditya Birla Sun Life Business Cycle Fund vs Axis Momentum Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Business Cycle Fund and Axis Momentum Fund?
Aditya Birla Sun Life Business Cycle Fund is a Thematic fund, Axis Momentum Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund and Axis Mutual Fund. Their portfolios overlap 28.0%. Aditya Birla Sun Life Business Cycle Fund charges 1.56% a year and Axis Momentum Fund 2.23%.
Which has given higher returns, Aditya Birla Sun Life Business Cycle Fund or Axis Momentum Fund?
Over 1 year: Aditya Birla Sun Life Business Cycle Fund +0.12%, Axis Momentum Fund −8.57%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Business Cycle Fund or Axis Momentum Fund?
Aditya Birla Sun Life Business Cycle Fund charges less: 1.56% a year against 2.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Business Cycle Fund and Axis Momentum Fund overlap?
28.0%. They hold 16 of the same securities, the largest shared ones being FEDERALBNK, RRKABEL, SAILIFE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Business Cycle Fund or Axis Momentum Fund?
On SEBI's riskometer, Aditya Birla Sun Life Business Cycle Fund is rated Very High and Axis Momentum Fund Very High. Over 1 years, the standard deviation of daily returns was 14.24% and 16.60% a year.
Can I invest in both Aditya Birla Sun Life Business Cycle Fund and Axis Momentum Fund?
Yes. 28.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Business Cycle Fund and Axis Momentum Fund?
Aditya Birla Sun Life Business Cycle Fund: Harish Krishnan, Pavas Pethia. Axis Momentum Fund: Nandik Mallik.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.