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Bandhan Business Cycle Fund

Equity OpportunitiesVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹9.55+0.14%1 day
Return since launch
-2.4%
52-week range
₹8.48 — ₹10.35
AUM
₹1,100 Cr

Bandhan Business Cycle Fund is a Equity Opportunities equity fund from Bandhan Mutual Fund with ₹1,100 Cr under management, launched in 2024. The expense ratio is 2.43% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y-3.7%−9.8 pts6.1%1.5%

Fund against category

1Y
Fund-3.7%
Category6.1%

Since launch (10 Sep 2024): -2.4%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20254.6%+1.4 pts3.2%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

2.46%

Expense ratio as on 24 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.92%
Brokerage
0.08%
Transaction charges
0.00%
Statutory levies
0.46%
Exit load
Exit load of 0.50%, if redeemed within 30 days.
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
NIFTY 500 TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Portfolio

Bandhan Business Cycle Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity99.9%
  • Debt0.0%
  • Other0.1%

Market cap split

  • Large55.8%
  • Mid22.8%
  • Small21.4%
P/E
21.07
P/B
2.53

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Axis Bank Ltd.Financial5.26%₹57.88 Cr+5.03%+5.08%+3.97%
HDFC Bank Ltd.Financial4.56%₹50.17 Cr+4.69%+5.78%+5.67%
Reliance Industries Ltd.Energy4.42%₹48.64 Cr+3.87%+2.29%+1.93%
ICICI Bank Ltd.Financial4.28%₹47.06 Cr+3.44%+2.38%+0.61%
One97 Communications Ltd.Services3.74%₹41.11 Cr+2.71%+2.50%+2.32%
Bajaj Finance Ltd.Financial3.65%₹40.10 Cr+3.00%+3.09%+2.76%
Bharti Airtel Ltd.Communication3.45%₹37.91 Cr+3.43%+3.32%+2.43%
Larsen & Toubro Ltd.Construction3.22%₹35.40 Cr+3.10%+3.43%+2.41%
NTPC Ltd.Energy3.08%₹33.88 Cr+3.14%+2.91%+2.26%
Infosys Ltd.Technology2.80%₹30.82 Cr+2.82%+3.01%+3.16%

Sectors

  • Financial36.9%
  • Energy11.6%
  • Services9.4%
  • Technology6.7%
  • Construction6.6%
  • Healthcare6.1%
  • Capital Goods3.8%
  • Chemicals3.8%

Instruments

  • Reverse Repo0.3%
  • Margin Money0.0%

Recent changes

HoldingFromToWeight
company:8960.00%1.24%+1.24%
Wipro Ltd.0.98%0.33%-0.65%
Ultratech Cement Ltd.1.45%2.00%+0.55%
One97 Communications Ltd.3.21%3.74%+0.53%
Godrej Properties Ltd.0.52%0.00%-0.52%
company:68320.00%0.51%+0.51%
Cummins India Ltd.0.48%0.00%-0.48%
company:207950.00%0.48%+0.48%
Axis Bank Ltd.4.78%5.26%+0.48%
Adani Enterprises Ltd.0.45%0.00%-0.45%
Power Mech Projects Ltd.0.85%0.42%-0.43%
General Insurance Corporation of India0.89%0.48%-0.41%
PB Fintech Ltd.0.41%0.00%-0.41%
Life Insurance Corporation of India0.32%0.00%-0.32%
Thirumalai Chemicals Ltd.0.54%0.23%-0.31%
Titan Company Ltd.0.28%0.00%-0.28%
Bank of India0.61%0.88%+0.27%
Kotak Mahindra Bank Ltd.2.34%2.61%+0.27%
Vedanta Ltd.0.27%0.54%+0.27%
Hindustan Zinc Ltd.0.23%0.00%-0.23%
Bharti Airtel Ltd.3.68%3.45%-0.23%
Larsen & Toubro Ltd.2.99%3.22%+0.23%
ICICI Bank Ltd.4.47%4.28%-0.19%
United Breweries Ltd.0.18%0.00%-0.18%
Coromandel International Ltd.1.31%1.14%-0.17%
City Union Bank Ltd.1.67%1.82%+0.15%
Kirloskar Brothers Ltd.0.15%0.00%-0.15%
State Bank of India2.42%2.56%+0.14%
HDFC Bank Ltd.4.69%4.56%-0.13%
Aurobindo Pharma Ltd.0.96%1.08%+0.12%
Bajaj Finance Ltd.3.77%3.65%-0.12%
Jindal Saw Ltd.0.50%0.62%+0.12%
Sundaram - Clayton Dcd Ltd.1.46%1.57%+0.11%
Tega Industries Ltd.0.96%1.07%+0.11%
Epigral Ltd.0.78%0.89%+0.11%
Tata Technologies Ltd0.71%0.82%+0.11%
PNC Infratech Ltd.0.52%0.42%-0.10%
company:91610.00%0.10%+0.10%
Bharat Electronics Ltd.0.95%1.04%+0.09%
The Phoenix Mills Ltd.0.72%0.81%+0.09%
Mphasis Ltd.1.32%1.41%+0.09%
Others0.09%0.00%-0.09%
KEC International Ltd.0.92%0.84%-0.08%
Torrent Power Ltd.0.77%0.69%-0.08%
Glenmark Pharmaceuticals Ltd.0.49%0.57%+0.08%
Infosys Ltd.2.72%2.80%+0.08%
Hero Motocorp Ltd.1.01%0.94%-0.07%
Divi's Laboratories Ltd.0.38%0.45%+0.07%
Garware Technical Fibres Ltd.0.43%0.50%+0.07%
Adani Ports and Special Economic Zone Ltd.1.50%1.44%-0.06%
GMR Airports Ltd.0.88%0.82%-0.06%
IDFC First Bank Ltd.1.92%1.98%+0.06%
Sharda Cropchem Ltd.0.43%0.49%+0.06%
FSN E-Commerce Ventures Ltd.0.70%0.75%+0.05%
Tata Consultancy Services Ltd.1.39%1.44%+0.05%
SBFC Finance Ltd.0.05%0.00%-0.05%
Metropolis Healthcare Ltd.0.97%0.92%-0.05%
Reliance Industries Ltd.4.37%4.42%+0.05%
HDFC Life Insurance Co Ltd.0.74%0.78%+0.04%
Interglobe Aviation Ltd.1.46%1.50%+0.04%
Tata Power Company Ltd.1.17%1.13%-0.04%
Excelsoft Technologies Ltd.0.25%0.21%-0.04%
CG Power and Industrial Solutions Ltd.0.40%0.44%+0.04%
Varun Beverages Ltd.0.82%0.78%-0.04%
PTC India Financial Services Ltd.1.11%1.15%+0.04%
Aditya Birla Sun Life AMC Ltd.0.26%0.28%+0.02%
Arvind Fashions Ltd.0.69%0.71%+0.02%
Cipla Ltd.0.72%0.70%-0.02%
Cohance Lifesciences Ltd.0.15%0.17%+0.02%
Dalmia Bharat Ltd.0.18%0.20%+0.02%
Fortis Healthcare Ltd.1.67%1.69%+0.02%
Indusind Bank Ltd.0.63%0.65%+0.02%
NTPC Green Energy Ltd.0.57%0.59%+0.02%
SBI Life Insurance Company Ltd.0.72%0.70%-0.02%
Shriram Finance Ltd1.03%1.01%-0.02%
TeamLease Services Ltd.0.36%0.38%+0.02%
UPL Ltd.1.03%1.01%-0.02%
Bajaj Finserv Ltd.0.21%0.19%-0.02%
ideaForge Technology Ltd.0.47%0.45%-0.02%
ACME Solar Holdings Ltd.1.74%1.73%-0.01%
Ambuja Cements Ltd.0.32%0.31%-0.01%
JSW Energy Ltd.0.39%0.38%-0.01%
KNR Constructions Ltd.0.39%0.40%+0.01%
Maruti Suzuki India Ltd.1.06%1.05%-0.01%
Ujjivan Small Finance Bank Ltd.0.94%0.95%+0.01%
Vedanta Power Ltd0.33%0.34%+0.01%
Cholamandalam Financial Holdings Ltd.0.00%0.00%0.00%
IIFL Finance Ltd.0.00%0.00%0.00%
Amara Raja Energy & Mobility Ltd0.28%0.28%0.00%
Angel One Ltd.0.31%0.31%0.00%
Can Fin Homes Ltd.0.72%0.72%0.00%
Fusion Finance Ltd.1.19%1.19%0.00%
GPT Infraprojects Ltd.0.41%0.41%0.00%
ICICI Lombard General Insurance Company Ltd.0.35%0.35%0.00%
NTPC Ltd.3.08%3.08%0.00%
Swiggy Ltd.0.74%0.74%0.00%
United Spirits Ltd.0.65%0.65%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹3,420 Cr2.23%8.6%9.7%15.9%
Franklin India Opportunities Fund₹9,717 Cr2.09%7.4%9.7%18.4%
Kotak Business Cycle Fund₹3,509 Cr2.05%11.2%10.5%—
Mahindra Manulife Business Cycle Fund₹1,364 Cr2.42%2.3%7.2%—
Aditya Birla Sun Life Special Opportunities Fund₹1,279 Cr2.29%14.1%13.7%15.8%
HSBC Business Cycles Fund₹1,229 Cr2.32%7.9%7.2%13.5%

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

Fund managers

  • Harshal JoshiMr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, MumbaiPrior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
  • Ritika BeheraMs. Behera has done B.Com and MBA (Finance)Prior to Bandhan AMC Limited, she was associated with Ocean Dial Asset Management, Elara Securities Pvt Ltd. and Batlivala & Karani Securities Pvt Ltd.
  • Vishal BiraiaMr. Biraia has done B.E and CFAPrior to joining Bandhan Mutual Fund, he has worked with Max Life Insurance Company Ltd, Aviva India, Antique Stock Broking Ltd, Emkay Global Financial Services Ltd and Batlivala & Karani Securities India Pvt. Ltd.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months9.38% absolute₹60,000₹65,6289.38%
1 year−2.66% annualised₹1,20,000₹1,18,285−1.43%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of Bandhan Business Cycle Fund?
The NAV of Bandhan Business Cycle Fund is ₹9.55 as on 25 Sep 2026.
What is the expense ratio of Bandhan Business Cycle Fund?
The expense ratio of Bandhan Business Cycle Fund is 2.43% per year.
What is the minimum SIP amount for Bandhan Business Cycle Fund?
You can start a SIP in Bandhan Business Cycle Fund with ₹3,000 a month.
Is there a lock-in or exit load on Bandhan Business Cycle Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 30 days..
How risky is Bandhan Business Cycle Fund?
Bandhan Business Cycle Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages Bandhan Business Cycle Fund?
Bandhan Business Cycle Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,06,009 Cr under management.