August 22, 2024
mayank
Bandhan Business Cycle Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bandhan Business Cycle Fund Open Date, Close Date?
NFO opens on September 10, 2024
NFO will close on September 24, 2024
What is the Investment Strategy?
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.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 10 September 2024 |
| Issue Close | 24 September 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(₹) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index of Bandhan Business Cycle Fund?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.53 | 21.11 | 37.94 | 21.07 | 11.26 |
| Total Return | 3.62 | 21.86 | 39.28 | 22.35 | 12.98 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.70 | 18.67 | 22.37 |
| Beta (NIFTY 50) | 1.03 | 0.96 | 0.93 |
| Correlation (NIFTY 50) | 0.95 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.1 | 4.55 | 1.02 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.38 |
| Reliance Industries Ltd. | 5.34 |
| ICICI Bank Ltd. | 4.48 |
| Infosys Ltd. | 3.54 |
| ITC Ltd. | 2.40 |
| Larsen & Toubro Ltd. | 2.34 |
| Tata Consultancy Services Ltd. | 2.33 |
| Bharti Airtel Ltd. | 2.09 |
| State Bank of India | 1.76 |
| Axis Bank Ltd. | 1.74 |
Performance Review of the Fund Managers of Bandhan Business Cycle Fund?
1) Vishal Biraia
Education: Mr. Biraia has done B.E and CFA
Experience: 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.
Past Performance of his Schemes
| Fund | Bandhan Retirement Fund | It’s Benchmark |
| 1 Year | — | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 22-08-2024
2) Harshal Joshi
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Past Performance of his Schemes
| Fund | Bandhan Equity Savings Fund | It’s Benchmark | Bandhan Hybrid Equity Fund | It’s Benchmark |
| 1 Year | 10.50 | 17.24 | 29.55 | 26.83 |
| 3 Year | 7.05 | 10.19 | 14.01 | 14.81 |
| 5 Year | 8.53 | 10.64 | 17.67 | 17.27 |
| 7 Year | 6.87 | 9.55 | 11.87 | 14.29 |
| 10 Year | 6.77 | 9.29 | — | — |
As on 22-08-2024
3) Ritika Behera
Education: Ms. Behera has done B.Com and MBA (Finance)
Experience: Prior to Bandhan AMC Limited, she was associated with Ocean Dial Asset Management, Elara Securities Pvt Ltd. and Batlivala & Karani Securities Pvt Ltd.
Past Performance of his Schemes
| Fund | Bandhan US Equity FoF | It’s Benchmark |
| 1 Year | 39.47 | 39.62 |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 22-08-2024
Which Company Owns Bandhan Business Cycle Fund?
Bandhan Asset Management Company Limited
Address: One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai – 400013
Website: https://bandhanmutual.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Bandhan Business Cycle Fund NFO?
Guidance for Bandhan Business Cycle Fund by Paresh Gordhandas, C.A., Research Analyst.
The latest NFO from Bandhan Mutual Fund- Bandhan Business Cycle Fund- competes with existing schemes like the ICICI Prudential Business Cycle Fund, Edelweiss Business Cycle Fund, Quant Business Cycle Fund , Tata Business Cycle Fund, Axis Business Cycle Fund and a few others.
From these, the ICICI Business Cycle Fund is 3 years old and its 1 year return is 42.55% and three years return is 24.37%.
Investing in a business cycle fund can earn great returns provided that the stock picking is on spot. This is where the Fund Managers come into play. This fund is being managed by three Fund Managers.
Mr. Vishal Biraria has been working with Bandhan Mutual Fund since just a little more than a year. This is his first time working with a Fund House. A sample study done of the other Funds managed by the other Fund Manager, Mr. Harshal Joshi does not inspire much confidence. Not much data is available about the funds managed by Ms. Ritika.
Hence, on the whole, we recommend an avoid on the Bandhan Business Cycle Fund.
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