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Bandhan Business Cycle Fund

Equity OpportunitiesVery HighOPEN-ENDED
Invest Now
NAV as on 6 Nov 2026
₹9.90+0.99%1 day
Return since launch
-0.5%
52-week range
₹8.48 — ₹10.33
AUM
₹1,003 Cr

Bandhan Business Cycle Fund is a Equity Opportunities equity fund from Bandhan Mutual Fund with ₹1,003 Cr under management, launched in 2024. The expense ratio is 2.47% 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
1Y4.2%+0.7 pts3.6%4.8%
2Y2.8%−2.8 pts5.5%2.8%

Fund against category

1Y
Fund4.2%
Category3.6%

Since launch (10 Sep 2024): -0.5%

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

2.44%

Expense ratio as on 5 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
1.91%
Brokerage
0.08%
Transaction charges
0.00%
Statutory levies
0.45%
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 30 Sep 2026

Asset allocation

  • Equity99.6%
  • Debt0.0%
  • Other0.4%

Market cap split

  • Large57.5%
  • Mid22.8%
  • Small19.7%
P/E
19.95
P/B
2.40

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Axis Bank Ltd.Financial5.34%₹53.50 Cr+5.20%+4.97%+4.22%
HDFC Bank Ltd.Financial5.28%₹52.94 Cr+4.98%+5.05%+5.55%
Reliance Industries Ltd.Energy4.51%₹45.21 Cr+4.17%+3.06%+1.90%
ICICI Bank Ltd.Financial4.16%₹41.72 Cr+4.25%+2.43%+0.58%
Bharti Airtel Ltd.Communication3.63%₹36.39 Cr+3.44%+3.67%+2.72%
Bajaj Finance Ltd.Financial3.61%₹36.22 Cr+3.28%+2.90%+2.97%
One 97 Communications Ltd.Services3.35%₹33.54 Cr+2.75%+2.55%+2.26%
NTPC Ltd.Energy3.28%₹32.90 Cr+2.88%+3.30%+2.30%
Larsen & Toubro Ltd.Construction3.03%₹30.42 Cr+3.12%+3.03%+2.40%
Kotak Mahindra Bank Ltd.Financial2.71%₹27.13 Cr+2.27%+1.64%+2.09%

Sectors

  • Financial37.4%
  • Energy12.5%
  • Services9.1%
  • Healthcare6.5%
  • Construction6.1%
  • Technology5.5%
  • Capital Goods4.7%
  • Communication3.6%

Instruments

  • Reverse Repo0.8%
  • Margin Money0.0%

Recent changes

HoldingFromToWeight
Tega Industries Ltd.1.07%0.00%-1.07%
Orient Cables (India) Ltd.0.00%0.90%+0.90%
HDFC Bank Ltd.4.56%5.28%+0.72%
General Insurance Corporation of India0.48%0.00%-0.48%
Hero Motocorp Ltd.0.94%0.50%-0.44%
Whirlpool Of India Ltd.0.00%0.43%+0.43%
PNC Infratech Ltd.0.42%0.00%-0.42%
One 97 Communications Ltd.3.74%3.35%-0.39%
Wipro Ltd.0.33%0.00%-0.33%
ACME Solar Holdings Ltd.1.73%2.03%+0.30%
SBI Cards And Payment Services Ltd.0.00%0.29%+0.29%
Adani Ports and Special Economic Zone Ltd.1.44%1.72%+0.28%
Aditya Birla Sun Life AMC Ltd.0.28%0.00%-0.28%
Dr. Reddy's Laboratories Ltd.0.00%0.25%+0.25%
Thirumalai Chemicals Ltd.0.23%0.00%-0.23%
Shiprocket Ltd.0.48%0.25%-0.23%
PTC India Financial Services Ltd.1.15%1.36%+0.21%
Excelsoft Technologies Ltd.0.21%0.00%-0.21%
Arvind Fashions Ltd.0.71%0.51%-0.20%
NTPC Ltd.3.08%3.28%+0.20%
Larsen & Toubro Ltd.3.22%3.03%-0.19%
Bajaj Finserv Ltd.0.19%0.00%-0.19%
Cohance Lifesciences Ltd.0.17%0.35%+0.18%
Bharti Airtel Ltd.3.45%3.63%+0.18%
ICICI Lombard General Insurance Company Ltd.0.35%0.51%+0.16%
Infosys Ltd.2.80%2.64%-0.16%
Tata Power Company Ltd.1.13%1.27%+0.14%
Metropolis Healthcare Ltd.0.92%0.78%-0.14%
Vedanta Ltd.0.54%0.67%+0.13%
Fortis Healthcare Ltd.1.69%1.56%-0.13%
ICICI Bank Ltd.4.28%4.16%-0.12%
Glenmark Pharmaceuticals Ltd.0.57%0.69%+0.12%
Varun Beverages Ltd.0.78%0.90%+0.12%
Tata Consultancy Services Ltd.1.44%1.32%-0.12%
Kotak Mahindra Bank Ltd.2.61%2.71%+0.10%
Brigade Enterprises Ltd.0.10%0.00%-0.10%
The Phoenix Mills Ltd.0.81%0.91%+0.10%
Gokaldas Exports Ltd.0.00%0.09%+0.09%
Reliance Industries Ltd.4.42%4.51%+0.09%
Axis Bank Ltd.5.26%5.34%+0.08%
GMR Airports Ltd.0.82%0.90%+0.08%
SBI Life Insurance Company Ltd.0.70%0.78%+0.08%
Torrent Power Ltd.0.69%0.77%+0.08%
Epigral Ltd.0.89%0.81%-0.08%
Tata Technologies Ltd0.82%0.74%-0.08%
Mphasis Ltd.1.41%1.33%-0.08%
GPT Infraprojects Ltd.0.41%0.48%+0.07%
HDFC Life Insurance Co Ltd.0.78%0.85%+0.07%
Ultratech Cement Ltd.2.00%2.07%+0.07%
City Union Bank Ltd.1.82%1.76%-0.06%
Maruti Suzuki India Ltd.1.05%0.99%-0.06%
NTPC Green Energy Ltd.0.59%0.65%+0.06%
Piramal Finance Ltd.1.24%1.18%-0.06%
State Bank of India2.56%2.50%-0.06%
Fusion Finance Ltd.1.19%1.14%-0.05%
Shriram Finance Ltd1.01%0.96%-0.05%
Angel One Ltd.0.31%0.26%-0.05%
Aurobindo Pharma Ltd.1.08%1.13%+0.05%
Bajaj Finance Ltd.3.65%3.61%-0.04%
Bank of India0.88%0.92%+0.04%
IDFC First Bank Ltd.1.98%2.02%+0.04%
Interglobe Aviation Ltd.1.50%1.54%+0.04%
Page Industries Ltd.0.00%0.04%+0.04%
Can Fin Homes Ltd.0.72%0.69%-0.03%
Indusind Bank Ltd.0.65%0.68%+0.03%
Sundaram - Clayton Dcd Ltd.1.57%1.60%+0.03%
Swiggy Ltd.0.74%0.71%-0.03%
UPL Ltd.1.01%1.04%+0.03%
Divi's Laboratories Ltd.0.45%0.48%+0.03%
Power Mech Projects Ltd.0.42%0.39%-0.03%
Coromandel International Ltd.1.14%1.11%-0.03%
Amara Raja Energy & Mobility Ltd0.28%0.26%-0.02%
FSN E-Commerce Ventures Ltd.0.75%0.73%-0.02%
Garware Technical Fibres Ltd.0.50%0.52%+0.02%
Jindal Saw Ltd.0.62%0.60%-0.02%
Sharda Cropchem Ltd.0.49%0.51%+0.02%
TeamLease Services Ltd.0.38%0.36%-0.02%
Ujjivan Small Finance Bank Ltd.0.95%0.97%+0.02%
United Spirits Ltd.0.65%0.63%-0.02%
KNR Constructions Ltd.0.40%0.42%+0.02%
Ambuja Cements Ltd.0.31%0.32%+0.01%
Cipla Ltd.0.70%0.71%+0.01%
JSW Energy Ltd.0.38%0.39%+0.01%
KEC International Ltd.0.84%0.83%-0.01%
Viyash Scientific Limited0.51%0.50%-0.01%
Vedanta Power Ltd0.34%0.35%+0.01%
Others0.00%0.01%+0.01%
Cholamandalam Financial Holdings Ltd.0.00%0.00%0.00%
IIFL Finance Ltd.0.00%0.00%0.00%
Bharat Electronics Ltd.1.04%1.04%0.00%
CG Power and Industrial Solutions Ltd.0.44%0.44%0.00%
Dalmia Bharat Ltd.0.20%0.20%0.00%
ideaForge Technology Ltd.0.45%0.45%0.00%

Compare

Similar funds

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

FundAUMExpense1Y3Y5Y
Category average₹6,105 Cr2.13%6.1%8.3%14.9%
ICICI Prudential Business Cycle Fund₹14,889 Cr1.86%3.5%6.8%13.3%
Franklin India Opportunities Fund₹9,577 Cr2.08%-0.7%5.4%15.7%
Kotak Business Cycle Fund₹3,414 Cr2.02%13.8%10.7%—
Aditya Birla Sun Life Special Opportunities Fund₹1,357 Cr2.26%14.0%13.2%15.6%
Mahindra Manulife Business Cycle Fund₹1,291 Cr2.42%-0.1%5.3%—

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 months1.74% absolute₹60,000₹61,0441.74%
1 year−2.51% annualised₹1,20,000₹1,18,381−1.35%

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 ₹9.90 as on 6 Nov 2026.
What is the expense ratio of Bandhan Business Cycle Fund?
The expense ratio of Bandhan Business Cycle Fund is 2.47% 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 ₹2,19,896 Cr under management.