Bandhan Business Cycle Fund
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.
Growthvine rating: 3/5 — ranked #85 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹9.30 (as of 2026-10-01) |
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| AUM | ₹1,100 Cr |
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| Expense ratio | 1.90% |
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| Riskometer | Very High |
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| Fund manager | Vishal Biraia |
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| Exit load | 0.5% for redemption within 30 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −18.07% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 98.9% of Nifty 500's upside and 105.5% of its downside.
Market cap allocation
| Large cap | 55.8% |
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| Mid cap | 22.8% |
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| Small cap | 21.4% |
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Concentration
| Top 5 holdings | 22.3% |
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| Top 10 holdings | 38.5% |
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| Total holdings | 84 |
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Top holdings
- AXIS Bank Ltd. — 5.3%
- HDFC Bank Ltd. — 4.6%
- Reliance Industries Ltd — 4.4%
- ICICI Bank Ltd. — 4.3%
- One 97 Communications Limited — 3.7%
- Bajaj Finance Limited — 3.7%
- Bharti Airtel Ltd. — 3.5%
- Larsen & Toubro Limited — 3.2%
- NTPC Limited — 3.1%
- Infosys Ltd — 2.8%
Top sectors
- Banking & Financial — 26.1%
- Finance & Investments — 9.1%
- Construction — 8.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −8.8% | Q4 (Bottom) | #132 of 167 |
| 2025 | 4.6% | Q2 | #60 of 132 |