Bandhan Business Cycle Fund

Direct Plan · Growth · Sectoral / Thematic · Scheme code 152878

NAV₹9.8430as on 25 Sep 2026

Fund houseBandhan Mutual Fund

CategorySectoral / Thematic

Plan & optionDirect · Growth

History2.0 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	-2.21	-0.94	9.51	-4.18	—	—	—	—	-0.54
Nifty 500 benchmark	0.87	4.31	2.15	5.20	12.49	11.41	—	—	15.49
Sectoral / Thematic category median	—	—	—	5.00	14.36	12.50	—	14.88	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	15.2%	-0.46	-0.64	1.08	-0.32%	-17.6%	97.48
Nifty 500 benchmark	17.2%	0.35	0.47	—	—	-37.3%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 22 months this scheme and its benchmark share.

Growth of ₹100 since launch

Drawdown from peak (%)

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
49	-4.9%	3.0%	15.4%	31%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up capture	Down capture	Correlation	Tracking error	Information ratio	Treynor
103%	105%	0.99	3.1%	-0.20	-3.89

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 22 months this scheme and Nifty 500 share.

Bandhan Business Cycle Fund

Direct Plan · Growth

Allocation

By asset

Cash & Equivalents	100.00%

By market cap

Concentration

Number of stocks	89
Top 5 stocks	—
Top 10 stocks	—
Top 20 stocks	—
Lines in the filing	89

Largest holding	—
Largest sector	— —
Effective stocks	—
Sectors held	0
Cash	0.00%

Effective stocks is what the concentration works out to: a fund holding 89 names but most of its money in a few behaves like a fund of —. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks	25.55%
Finance	9.15%
Power	7.94%
IT - Software	5.98%
Construction	5.71%
Petroleum Products	4.42%
Financial Technology (Fintech)	3.74%
Pharmaceuticals & Biotechnology	3.48%
Telecom - Services	3.45%
Fertilizers & Agrochemicals	2.64%
Healthcare Services	2.61%
Cement & Cement Products	2.51%
Insurance	2.31%
Transport Infrastructure	2.26%
Retailing	2.20%
Automobiles	1.99%
Transport Services	1.98%
Auto Components	1.85%
Aerospace & Defense	1.49%
Beverages	1.43%

Bandhan Business Cycle Fund

Direct Plan · Growth · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	Axis Bank Limited	Banks	445,233	58	5.26%
2	HDFC Bank Limited	Banks	707,620	50	4.56%
3	Reliance Industries Limited	Petroleum Products	380,856	49	4.42%
4	ICICI Bank Limited	Banks	323,682	47	4.28%
5	One 97 Communications Limited	Financial Technology (Fintech)	239,394	41	3.74%
6	Bajaj Finance Limited	Finance	379,389	40	3.65%
7	Bharti Airtel Limited	Telecom - Services	209,226	38	3.45%
8	Larsen & Toubro Limited	Construction	87,518	35	3.22%
9	NTPC Limited	Power	1,034,714	34	3.08%
10	Infosys Limited	IT - Software	271,819	31	2.80%
11	Kotak Mahindra Bank Limited	Banks	685,747	29	2.61%
12	State Bank of India	Banks	266,035	28	2.56%
13	UltraTech Cement Limited	Cement & Cement Products	19,214	22	2.00%
14	IDFC First Bank Limited	Banks	2,534,977	22	1.98%
15	City Union Bank Limited	Banks	874,557	20	1.82%
16	Acme Solar Holdings Ltd	Power	474,175	19	1.73%
17	Fortis Healthcare Limited	Healthcare Services	204,900	19	1.69%
18	Sundaram Clayton Limited	Auto Components	131,966	17	1.57%
19	InterGlobe Aviation Limited	Transport Services	31,593	17	1.50%
20	Adani Ports and Special Economic Zone Limited	Transport Infrastructure	99,548	16	1.44%
21	Tata Consultancy Services Limited	IT - Software	66,084	16	1.44%
22	Mphasis Limited	IT - Software	63,697	15	1.41%
23	Piramal Finance Limited	Finance	59,242	14	1.24%
24	Fusion Finance Limited	Finance	654,295	13	1.19%
25	PTC India Financial Services Limited	Finance	4,678,137	13	1.15%
26	Coromandel International Limited	Fertilizers & Agrochemicals	65,952	13	1.14%
27	Tata Power Company Limited	Power	359,413	12	1.13%
28	Aurobindo Pharma Limited	Pharmaceuticals & Biotechnology	69,124	12	1.08%
29	Tega Industries Limited	Industrial Manufacturing	74,473	12	1.07%
30	Maruti Suzuki India Limited	Automobiles	8,487	12	1.05%

Bandhan Business Cycle Fund

Direct Plan · Growth · where the money sits

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 26 Sep 2026.