Bandhan Business Cycle Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Bandhan Business Cycle Fund Direct-Growth is a 1 yrs 3 m old fund and has delivered average annual returns of 2.72% since inception. Bandhan Business Cycle Fund Direct-Growth Returns 1-Year Since Inception 4.28% 2.72%

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.342-0.04% 1 day change	2.72% p.a.	App exclusive #NA View Ranked Funds	₹1,567 Cr

Historical NAV & returns

NAV: ₹10.342 as on Dec 04, 2025

This fund Category average

Bandhan Business Cycle Fund overview

Expense ratio	0.57% as on Nov 30, 2025
Exit load	0.5% Exit load of 0.50%, if redeemed within 30 days.!
AUM (Fund size)	₹1,567 Cr
Lock-in Period	Nil
Age	1 yrs 3 m since Sep 10, 2024
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Bandhan Business Cycle Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Dec 01, 2025

Period	This fund	Category average
1 Month	-0.49%	1.05%
3 Months	3.63%	4.0%
6 Months	6.25%	4.49%
1 Year	4.28%	1.98%

View returns in detail

Asset allocationas on Oct 31, 2025

Large Cap 53.12%

Mid Cap 21.29%

Small Cap 24.8%

Other Cap 0%

Top holdings

HDFC Bank Ltd.5.78%

Axis Bank Ltd.4.61%

Bharti Airtel Ltd.3.22%

Infosys Ltd.3.14%

Top sectors

Financial 32.09%

Services 9.74%

Healthcare 9.350000000000001%

Construction 9.120000000000001%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Reverse Repo 0.54%

Cash 0.51%

Rights 0.23%

Cash Margin 0.13%

Other Holdings

Others 0.54%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bandhan Business Cycle Fund	-0.49%	6.25%	4.28%	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	1.33%	8.1%	10.47%	23.21%	29.62%	15.09%
ICICI Prudential Dividend Yield Equity Fund	0.49%	8.44%	9.61%	23.82%	27.94%	17.44%
ICICI Prudential Value Fund	2.13%	8.22%	10.44%	21.06%	24.92%	16.65%
SBI Contra Fund	0.66%	5.63%	3.28%	20.03%	26.8%	17.44%
HDFC Focused Fund	-0.06%	7.17%	9.58%	21.58%	27.45%	15.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bandhan Business Cycle Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	11.45	0.82	1.38	2.43
ICICI Prudential Dividend Yield Equity Fund	11.97	0.85	1.36	2.11
ICICI Prudential Value Fund	10.97	0.78	1.27	2.17
SBI Contra Fund	12.16	0.9	1.09	1.72
HDFC Focused Fund	9.73	0.72	1.45	2.31

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Bandhan Business Cycle Fund	N.A.	1,567 Cr	1 yrs 3 m	0.57%
ICICI Prudential India Opportunities Fund	N.A.	32,669 Cr	6 yrs 11 m	0.65%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,232 Cr	11 yrs 7 m	0.55%
ICICI Prudential Value Fund	N.A.	57,935 Cr	12 yrs 11 m	0.96%
SBI Contra Fund	N.A.	49,218 Cr	12 yrs 11 m	0.68%
HDFC Focused Fund	N.A.	25,140 Cr	12 yrs 11 m	0.62%

View all Strategy funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Bandhan Business Cycle Fund in detail with

About this fund

About Bandhan Business Cycle Fund

Bandhan Business Cycle Fund Direct-Growth is a Strategy mutual fund scheme from Bandhan Mutual Fund. This fund has been in existence for 1 yrs 3 m, having been launched on 10/09/2024. Bandhan Business Cycle Fund Direct-Growth has ₹1,567 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Bandhan Business Cycle Fund Direct-Growth as of 04/12/2025 is ₹10.34. The fund has an expense ratio of 0.57%, which is less than what most other Strategy funds charge.

Bandhan Business Cycle Fund Direct-Growth returns of last 1-year are 2.78%. Since launch, it has delivered 2.90% average annual returns.
The fund has the majority of its money invested in Financial, Services, Healthcare, Construction, Technology sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Axis Bank Ltd., Bharti Airtel Ltd., Infosys Ltd., Bajaj Finance Ltd..

...

Fund AUM	1,567 Cr as on Oct 31, 2025
Scheme document	View Scheme Document

Fund managers

Harshal Joshi

Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.

Vishal Biraia

Mr. Biraia has done B.E and CFA Prior 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.

Ritika Behera

Ms. 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.

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.

Bandhan Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	1,87,716 Cr as on Sep 30, 2025
Address	One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai, 400013

More funds from Bandhan Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Bandhan Infrastructure Fund	N.A.	1,625 Cr	-7.6%	29.52%
Bandhan Small Cap Fund	N.A.	17,380 Cr	-0.42%	29.42%
Bandhan Value Fund	N.A.	10,302 Cr	2.77%	24.97%
Bandhan Large & Mid Cap Fund	N.A.	11,799 Cr	7.59%	24.34%
Bandhan ELSS Tax Saver Fund	N.A.	7,215 Cr	5.56%	21.86%
Bandhan Large Cap Fund	N.A.	2,016 Cr	6.83%	17.77%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Bandhan Business Cycle Fund Direct-Growth?

The current Net Asset Value (NAV) of the Bandhan Business Cycle Fund - Direct Growth plan is approximately ₹10.342 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The Bandhan Business Cycle Fund Direct-Growth is a 1 yrs 3 m old fund and has delivered average annual returns of 2.72% since inception.

Bandhan Business Cycle Fund Direct-Growth Returns

1-Year	Since Inception
4.28%	2.72%

How much does this mutual fund charge as expense ratio?

The Bandhan Business Cycle Fund - Direct Growth has an expense ratio of 0.57%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Bandhan Business Cycle Fund currently has assets under management (AUM) or fund size valued at approximately 1,567 Cr as on Oct 31, 2025.

What are the top stock holdings of Bandhan Business Cycle Fund?

The Bandhan Business Cycle Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	5.78%
Axis Bank Ltd.	4.61%
Bharti Airtel Ltd.	3.22%
Infosys Ltd.	3.14%
Bajaj Finance Ltd.	3.11%
Larsen & Toubro Ltd.	3.03%
One97 Communications Ltd.	2.63%
NTPC Ltd.	2.29%
State Bank of India	2.23%
Reliance Industries Ltd.	2.08%

What are the top sectors Bandhan Business Cycle Fund has invested in?

The Bandhan Business Cycle Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	32.09%
Services	9.74%
Healthcare	9.350000000000001%
Construction	9.120000000000001%
Technology	7.92%
Energy	7.590000000000001%
Capital Goods	4.960000000000001%
Chemicals	4.59%
Automobile	4.08%
Communication	3.22%

What is risk level of Bandhan Business Cycle Fund?

This is a Strategy fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Bandhan Business Cycle Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Bandhan Business Cycle Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Bandhan Business Cycle Fund is complete.

How can I redeem my investments in Bandhan Business Cycle Fund?

Redeeming your investments in the Bandhan Business Cycle Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Strategy

#NA

Return Outperformance: This fund has generated highest return amongst Strategy funds in the last 1 Year.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.50%, if redeemed within 30 days.