April 21, 2026
RA Jainee
Bandhan Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 9.81 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 9.81 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,108 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.71% |
| 1 Year Return (%) | 4.16 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -1.21% |
⚖️ Sahifund Review – Bandhan Business Cycle Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Business Cycle funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on riding business cycles for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s 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.
Fund Manager:
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.
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.
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.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details of Bandhan Business Cycle Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 30-Sep-24 |
| Return Since Launch | -1.21% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,108 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.71% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 44.00% |
Bandhan Business Cycle Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Business Cycle Dir | -5.64 | -0.05 | 8.22 | -1.94 | -5.38 | 4.16 | — | — | — | — |
| BSE 500 TRI | -4.23 | -0.02 | 7.18 | -0.36 | -3.51 | 6.08 | — | — | — | — |
| Equity: Thematic-Business Cycle | -2.44 | -0.01 | 8.21 | 1.46 | -3.09 | 7.46 | — | — | — | — |
| Rank within category | 16 | 14 | 11 | 17 | 15 | 15 | — | — | — | — |
| Number of funds in category | 18 | 19 | 19 | 18 | 18 | 18 | 8 | 2 | 1 | 1 |
Peer Comparison of Bandhan Business Cycle Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bandhan Business Cycle Dir | Unrated | 4.16 | — | — | 0.71 | 1,108 | -1.21 | 0.50 (30) | 1Y 6M | 44.00 |
| ICICI Pru Business Cycle Dir | Unrated | 10.26 | 22.70 | 20.58 | 0.75 | 14,359 | 20.24 | 1.00 (30) | 5Y 3M | 32.00 |
| Kotak Business Cycle Dir | Unrated | 11.19 | 19.72 | — | 0.63 | 2,741 | 16.09 | 0.50 (90) | 3Y 6M | 23.10 |
| Tata Business Cycle Dir | Unrated | 5.31 | 19.19 | — | 0.59 | 2,366 | 15.74 | 0.50 (30) | 4Y 8M | 58.01 |
| HDFC Business Cycle Dir | Unrated | 5.02 | 14.05 | — | 1.10 | 2,334 | 12.09 | 1.00 (365) | 3Y 4M | 61.10 |
Bandhan Business Cycle Fund Portfolio
| No. of Stocks | 89 |
| Top 10 Stocks | 34.34% |
| Top 5 Stocks | 20.37% |
| Top 3 Sectors | 61.14% |
| Portfolio P/B Ratio | 2.60 |
| Portfolio P/E Ratio | 20.57 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,19,624 | 1,17,708 |
| Giant (%) | — | — |
| Large (%) | 59.07 | 53.03 |
| Mid (%) | 19.29 | 25.08 |
| Small (%) | 21.64 | 21.89 |
| Tiny (%) | — | — |
Apply Online: https://bandhanmutual.com/mutual-funds OR
https://partners.bandhanmutual.com/partners OR https://partners.bandhanmutual.com/investor/quick-transact
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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