Bank of India Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹9.57-2.05%1 day
- Return since launch
- -1.2%
- 52-week range
- ₹8.01 — ₹9.85
- AUM
- ₹463 Cr
Bank of India Business Cycle Fund is a Equity Opportunities equity fund from Bank of India Mutual Fund with ₹463 Cr under management, launched in 2024. The expense ratio is 2.64% and the SEBI riskometer reading is Very High.
Performance
Bank of India Business Cycle Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.2% against -1.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 9.7% | +5.2 pts | 4.5% | 0.6% |
| 2Y | 4.7% | −0.9 pts | 5.5% | 0.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | −0.7 pts | -2.1% | -2.9% |
| 3M | 2.6% | +0.7 pts | 1.8% | 0.5% |
| 6M | 14.6% | +0.7 pts | 13.9% | 10.5% |
| 1Y | 3.2% | −1.3 pts | 4.5% | -1.6% |
| 2Y | -2.7% | −1.9 pts | -0.8% | -4.2% |
Since launch (9 Aug 2024): -1.2%
Calendar-year returns
Category average-8.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -8.6% | −11.8 pts | 3.2% |
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
2.64%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.48%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months.
- 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
Bank of India Business Cycle Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.6%
- Debt0.1%
- Other3.3%
Market cap split
- Large47.5%
- Mid18.3%
- Small34.2%
- P/E
- 27.38
- P/B
- 4.08
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.62% | ₹26.03 Cr | +4.23% | +4.57% | +4.89% |
| State Bank of India | Financial | 5.29% | ₹24.49 Cr | +4.11% | -2.73% | +6.00% |
| NTPC Ltd. | Energy | 3.99% | ₹18.47 Cr | +4.77% | +4.63% | +3.40% |
| Bharti Airtel Ltd. | Communication | 3.68% | ₹17.03 Cr | +3.76% | +3.80% | +3.03% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 3.46% | ₹16.02 Cr | +3.22% | +2.35% | +1.40% |
| Others | Others | 3.33% | ₹15.58 Cr | +1.20% | +9.34% | +0.04% |
| Quality Power Electrical Equipments Ltd. | Capital Goods | 3.29% | ₹15.22 Cr | +2.46% | +2.61% | +2.53% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 3.21% | ₹14.88 Cr | +2.98% | +2.76% | +2.13% |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 2.86% | ₹13.24 Cr | +3.23% | +2.96% | +2.23% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.82% | ₹13.07 Cr | +2.56% | +2.63% | — |
| Power Grid Corporation Of India Ltd. | Energy | 2.69% | ₹12.46 Cr | +3.00% | +3.04% | +2.40% |
| SJS Enterprises Ltd. | Automobile | 2.67% | ₹12.37 Cr | +2.29% | +1.88% | +1.60% |
| Computer Age Management Services Ltd. | Services | 2.53% | ₹11.73 Cr | +2.59% | +1.84% | +1.39% |
| Britannia Industries Ltd. | Consumer Staples | 2.49% | ₹11.55 Cr | +2.50% | +3.36% | — |
| Tata Motors Ltd. | Automobile | 2.39% | ₹11.07 Cr | +1.95% | +2.99% | — |
| Reliance Industries Ltd. | Energy | 2.32% | ₹10.73 Cr | +2.43% | +2.52% | +1.22% |
| company:20813 | Consumer Discretionary | 2.22% | ₹10.26 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 2.14% | ₹9.93 Cr | +3.91% | +4.58% | +4.21% |
| Aequs Ltd. | Technology | 2.13% | ₹9.85 Cr | +1.69% | +1.23% | — |
| PB Fintech Ltd. | Services | 2.06% | ₹9.56 Cr | +1.90% | +1.63% | +2.48% |
| Mahindra & Mahindra Ltd. | Automobile | 2.05% | ₹9.52 Cr | +1.60% | — | +1.18% |
| Tinna Rubber And Infrastructure Ltd. | Chemicals | 1.96% | ₹9.07 Cr | +1.55% | +1.39% | +1.34% |
| Eternal Ltd. | Services | 1.95% | ₹9.02 Cr | +1.29% | +0.91% | +0.58% |
| TD Power Systems Ltd. | Capital Goods | 1.77% | ₹8.18 Cr | +1.78% | +1.20% | +1.54% |
| company:976 | Consumer Staples | 1.73% | ₹7.99 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.72% | ₹7.97 Cr | +1.64% | +1.36% | +0.98% |
| K.P.R. Mill Ltd. | Textiles | 1.55% | ₹7.18 Cr | +1.29% | +1.18% | +1.11% |
| Asian Paints Ltd. | Materials | 1.52% | ₹7.06 Cr | +1.83% | +1.60% | — |
| Century Plyboards (India) Ltd. | Materials | 1.48% | ₹6.83 Cr | +1.53% | +1.43% | +0.46% |
| Sterlite Technologies Ltd. | Communication | 1.44% | ₹6.69 Cr | — | — | — |
| Gufic Biosciences Ltd. | Healthcare | 1.32% | ₹6.10 Cr | +1.07% | +0.87% | +0.96% |
| Ganesha Ecosphere Ltd. | Textiles | 1.31% | ₹6.05 Cr | +1.19% | +0.98% | +1.25% |
| Bajaj Auto Ltd. | Automobile | 1.26% | ₹5.82 Cr | +1.10% | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.25% | ₹5.79 Cr | +0.81% | — | +1.35% |
| Nuvama Wealth Management Ltd. | Financial | 1.25% | ₹5.79 Cr | +1.12% | +0.27% | +1.49% |
| Ethos Ltd. | Services | 1.24% | ₹5.72 Cr | +1.03% | +1.03% | +0.82% |
| United Spirits Ltd. | Consumer Staples | 1.13% | ₹5.22 Cr | — | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.10% | ₹5.08 Cr | — | — | +1.65% |
| company:1511 | Metals & Mining | 1.10% | ₹5.10 Cr | — | — | — |
| Tata Power Company Ltd. | Energy | 1.05% | ₹4.86 Cr | +1.29% | +1.14% | +1.47% |
| Oil India Ltd. | Energy | 1.03% | ₹4.78 Cr | +1.03% | +1.03% | — |
| Ultratech Cement Ltd. | Materials | 0.99% | ₹4.58 Cr | — | — | — |
| Siemens Energy India Ltd. | Energy | 0.98% | ₹4.52 Cr | +1.99% | +0.76% | +2.92% |
| Zaggle Prepaid Ocean Services Ltd. | Technology | 0.97% | ₹4.51 Cr | +1.12% | +1.20% | +1.77% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.94% | ₹4.35 Cr | +1.97% | — | — |
| ITC Ltd. | Consumer Staples | 0.91% | ₹4.21 Cr | +1.57% | +2.97% | +3.32% |
| CMR Green Technologies Ltd. | Metals & Mining | 0.77% | ₹3.56 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 0.70% | ₹3.22 Cr | +1.68% | +0.37% | +1.30% |
| Torrent Power Ltd. | Energy | 0.66% | ₹3.04 Cr | +0.78% | +0.84% | +0.95% |
| MRF Ltd. | Automobile | 0.58% | ₹2.67 Cr | +0.54% | +0.61% | — |
| Vidya Wires Ltd. | Capital Goods | 0.54% | ₹2.50 Cr | +1.73% | +1.10% | — |
| SBI Life Insurance Company Ltd. | Insurance | 0.45% | ₹2.09 Cr | +0.48% | +0.53% | — |
| Arvind Fashions Ltd. | Textiles | 0.06% | ₹0.30 Cr | +0.07% | +0.06% | +0.91% |
| Reserve Bank of India | Financial | 0.05% | ₹0.25 Cr | +0.05% | +0.85% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20813 | 0.00% | 2.22% | +2.22% |
| company:976 | 0.00% | 1.73% | +1.73% |
| Prudent Corporate Advisory Services Ltd. | 1.44% | 0.00% | -1.44% |
| company:1511 | 0.00% | 1.10% | +1.10% |
| Siemens Ltd. | 1.63% | 0.70% | -0.93% |
| Quality Power Electrical Equipments Ltd. | 2.61% | 3.29% | +0.68% |
| Siemens Energy India Ltd. | 1.65% | 0.98% | -0.67% |
| TD Power Systems Ltd. | 1.29% | 1.77% | +0.48% |
| Sky Gold And Diamonds Ltd. | 3.27% | 2.86% | -0.41% |
| Asian Paints Ltd. | 1.87% | 1.52% | -0.35% |
| Bharti Airtel Ltd. | 4.02% | 3.68% | -0.34% |
| Sterlite Technologies Ltd. | 1.11% | 1.44% | +0.33% |
| LG Electronics India Ltd. | 2.49% | 2.82% | +0.33% |
| Glenmark Pharmaceuticals Ltd. | 2.91% | 3.21% | +0.30% |
| PB Fintech Ltd. | 1.77% | 2.06% | +0.29% |
| NTPC Ltd. | 4.25% | 3.99% | -0.26% |
| Tinna Rubber And Infrastructure Ltd. | 2.20% | 1.96% | -0.24% |
| Power Grid Corporation Of India Ltd. | 2.92% | 2.69% | -0.23% |
| Ganesha Ecosphere Ltd. | 1.52% | 1.31% | -0.21% |
| Others | 0.02% | -0.16% | -0.18% |
| Dixon Technologies (India) Ltd. | 1.43% | 1.25% | -0.18% |
| K.P.R. Mill Ltd. | 1.39% | 1.55% | +0.16% |
| Tata Motors Ltd. | 2.23% | 2.39% | +0.16% |
| Eternal Ltd. | 1.80% | 1.95% | +0.15% |
| Ethos Ltd. | 1.10% | 1.24% | +0.14% |
| State Bank of India | 5.15% | 5.29% | +0.14% |
| Aequs Ltd. | 2.00% | 2.13% | +0.13% |
| HDFC Bank Ltd. | 2.27% | 2.14% | -0.13% |
| Zaggle Prepaid Ocean Services Ltd. | 1.08% | 0.97% | -0.11% |
| Shakti Pumps (India) Ltd. | 0.11% | 0.00% | -0.11% |
| Torrent Power Ltd. | 0.77% | 0.66% | -0.11% |
| Tata Power Company Ltd. | 1.16% | 1.05% | -0.11% |
| United Spirits Ltd. | 1.02% | 1.13% | +0.11% |
| Mahindra & Mahindra Ltd. | 2.14% | 2.05% | -0.09% |
| ITC Ltd. | 1.00% | 0.91% | -0.09% |
| Britannia Industries Ltd. | 2.58% | 2.49% | -0.09% |
| SJS Enterprises Ltd. | 2.58% | 2.67% | +0.09% |
| Century Plyboards (India) Ltd. | 1.56% | 1.48% | -0.08% |
| Gufic Biosciences Ltd. | 1.24% | 1.32% | +0.08% |
| Vidya Wires Ltd. | 0.62% | 0.54% | -0.08% |
| Bajaj Auto Ltd. | 1.20% | 1.26% | +0.06% |
| Computer Age Management Services Ltd. | 2.59% | 2.53% | -0.06% |
| Reliance Industries Ltd. | 2.38% | 2.32% | -0.06% |
| Oil India Ltd. | 0.98% | 1.03% | +0.05% |
| ICICI Bank Ltd. | 5.57% | 5.62% | +0.05% |
| Apollo Hospitals Enterprise Ltd. | 3.50% | 3.46% | -0.04% |
| CMR Green Technologies Ltd. | 0.73% | 0.77% | +0.04% |
| Nuvama Wealth Management Ltd. | 1.29% | 1.25% | -0.04% |
| Ultratech Cement Ltd. | 1.03% | 0.99% | -0.04% |
| Vedanta Aluminium Metal Ltd. | 0.98% | 0.94% | -0.04% |
| SBI Life Insurance Company Ltd. | 0.49% | 0.45% | -0.04% |
| Nippon Life India Asset Management Ltd. | 1.71% | 1.72% | +0.01% |
| Arvind Fashions Ltd. | 0.06% | 0.06% | 0.00% |
| Dr. Reddy's Laboratories Ltd. | 1.10% | 1.10% | 0.00% |
| MRF Ltd. | 0.58% | 0.58% | 0.00% |
| Reserve Bank of India | 0.05% | 0.05% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,420 Cr | 2.23% | 8.8% | 10.0% | 16.3% |
 Franklin India Opportunities Fund | ₹9,717 Cr | 2.08% | 10.4% | 11.0% | 19.2% |
 Kotak Business Cycle Fund | ₹3,509 Cr | 2.05% | 11.2% | 10.8% | — |
 Mahindra Manulife Business Cycle Fund | ₹1,364 Cr | 2.41% | 1.2% | 7.2% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,279 Cr | 2.30% | 13.9% | 13.9% | 15.9% |
 HSBC Business Cycles Fund | ₹1,229 Cr | 2.31% | 7.2% | 7.3% | 13.6% |
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 securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Fund managers
- Alok SinghMr. Singh is a CFA and PGDBA from ICFAI Business School.Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
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 past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months14.61% absolute | ₹60,000 | ₹68,766 | 14.61% | |
| 1 year3.24% annualised | ₹1,20,000 | ₹1,22,127 | 1.77% |
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 Bank of India Business Cycle Fund?
The NAV of Bank of India Business Cycle Fund is ₹9.57 as on 24 Sep 2026.
What is the expense ratio of Bank of India Business Cycle Fund?
The expense ratio of Bank of India Business Cycle Fund is 2.64% per year.
What is the minimum SIP amount for Bank of India Business Cycle Fund?
You can start a SIP in Bank of India Business Cycle Fund with ₹3,000 a month.
Is there a lock-in or exit load on Bank of India Business Cycle Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months..
How risky is Bank of India Business Cycle Fund?
Bank of India Business Cycle Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages Bank of India Business Cycle Fund?
Bank of India Business Cycle Fund is managed by Bank of India Mutual Fund, which runs 23 schemes with ₹15,446 Cr under management.