Bandhan Business Cycle Fund

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

The Bandhan Business Cycle Fund is a 1 yrs 4 m old fund and has delivered average annual returns of -2.78% since inception. Bandhan Business Cycle Fund Returns 1-Year Since Inception 5.09% -2.78%

Q: How much does this mutual fund charge as expense ratio?

The Bandhan Business Cycle Fund has an expense ratio of 2.1% , 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.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹9.641-1.59% 1 day change	-2.78% p.a.	App exclusive #NA View Ranked Funds	₹1,450 Cr

Historical NAV & returns

NAV: ₹9.641 as on Feb 02, 2026

This fund Category average

Bandhan Business Cycle Fund overview

AUM (Fund size)	₹1,450 Cr
Exit load	0.5% Exit load of 0.50%, if redeemed within 30 days.!
Lock-in Period	Nil
Age	1 yrs 4 m since Sep 10, 2024
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Expense ratio	2.1% as on Feb 02, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	-6.52%	-8.79%
3 Months	-6.33%	-8.32%
6 Months	-2.41%	-5.01%
1 Year	5.09%	0.77%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 55.43%

Mid Cap 19.76%

Small Cap 22.83%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.16%

Axis Bank Ltd.5.03%

Bharti Airtel Ltd.3.53%

Larsen & Toubro Ltd.3.26%

Top sectors

Financial 32.49999999999999%

Services 9.16%

Construction 9.099999999999998%

Healthcare 8.429999999999998%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 0.01%

Allocation by Instruments

Reverse Repo 2.05%

Cash Margin 0.14%

Margin Money 0.01%

Cash 7.5187E-4%

Other Holdings

Others 2.05%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bandhan Business Cycle Fund	-6.52%	-2.41%	5.09%	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	-3.02%	5.18%	11.87%	22.83%	24.41%	13.86%
ICICI Prudential Value Fund	-3.55%	3.69%	11.27%	19.95%	20.57%	16.67%
ICICI Prudential Dividend Yield Equity Fund	-3.71%	3.15%	10.38%	22.01%	23.15%	17.4%
ICICI Prudential Diversified Equity All Cap Omni FoF	-4.85%	1.14%	8.2%	20.31%	19.81%	11.98%
SBI Contra Fund	-3.77%	1.88%	6.55%	19.59%	21.15%	17.19%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bandhan Business Cycle Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential India Opportunities Fund	11.3	0.83	1.35	2.2
ICICI Prudential Value Fund	11.09	0.81	1.18	2.0
ICICI Prudential Dividend Yield Equity Fund	11.93	0.87	1.26	1.98
ICICI Prudential Diversified Equity All Cap Omni FoF	11.66	0.89	1.16	1.79
SBI Contra Fund	12.07	0.91	1.07	1.65

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Bandhan Business Cycle Fund	N.A.	1,450 Cr	1 yrs 4 m	2.1%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	7 yrs 1 m	1.57%
ICICI Prudential Value Fund	N.A.	61,272 Cr	21 yrs 6 m	1.48%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	11 yrs 9 m	1.8%
ICICI Prudential Diversified Equity All Cap Omni FoF	N.A.	258 Cr	5 yrs 11 m	1.02%
SBI Contra Fund	N.A.	49,967 Cr	20 yrs 8 m	1.5%

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 is a Strategy mutual fund scheme from Bandhan Mutual Fund. This fund has been in existence for 1 yrs 4 m, having been launched on 10/09/2024. Bandhan Business Cycle Fund has ₹1,450 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Bandhan Business Cycle Fund as of 02/02/2026 is ₹9.64. The fund has an expense ratio of 2.1%, which is higher than what most other Strategy funds charge.

Bandhan Business Cycle Fund returns of last 1-year are 4.00%. Since launch, it has delivered -2.69% average annual returns.
The fund has the majority of its money invested in Financial, Services, Construction, Healthcare, 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., Larsen & Toubro Ltd., Bajaj Finance Ltd..

...

Fund AUM	1,450 Cr as on Dec 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	1,99,722 Cr as on Dec 31, 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 Small Cap Fund	N.A.	18,990 Cr	3.83%	23.1%
Bandhan Infrastructure Fund	N.A.	1,522 Cr	-0.83%	22.36%
Bandhan Value Fund	N.A.	10,463 Cr	4.98%	19.66%
Bandhan Large & Mid Cap Fund	N.A.	13,636 Cr	9.42%	19.21%
Bandhan ELSS Tax Saver Fund	N.A.	7,333 Cr	7.49%	16.26%
Bandhan Transportation and Logistics Fund	N.A.	685 Cr	16.77%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Bandhan Business Cycle Fund?

The current Net Asset Value (NAV) of the Bandhan Business Cycle Fund plan is approximately ₹9.641 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Bandhan Business Cycle Fund is a 1 yrs 4 m old fund and has delivered average annual returns of -2.78% since inception.

Bandhan Business Cycle Fund Returns

1-Year	Since Inception
5.09%	-2.78%

How much does this mutual fund charge as expense ratio?

The Bandhan Business Cycle Fund has an expense ratio of 2.1%, 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 1,450 Cr as on Dec 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.	6.16%
Axis Bank Ltd.	5.03%
Bharti Airtel Ltd.	3.53%
Larsen & Toubro Ltd.	3.26%
Bajaj Finance Ltd.	3.25%
Infosys Ltd.	3.16%
One97 Communications Ltd.	2.93%
State Bank of India	2.5%
NTPC Ltd.	2.37%
Reliance Industries Ltd.	2.35%

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	32.49999999999999%
Services	9.16%
Construction	9.099999999999998%
Healthcare	8.429999999999998%
Technology	8.11%
Energy	7.49%
Capital Goods	4.449999999999999%
Chemicals	4.39%
Communication	3.53%
Automobile	3.49%

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 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.