What stocks does Bandhan Business Cycle Fund hold?

Bandhan Business Cycle Fund holds a portfolio of Indian equity stocks disclosed monthly by Bandhan Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Bandhan Business Cycle Fund?

Bandhan Business Cycle Fund is managed by Bandhan Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Bandhan Business Cycle Fund?

Bandhan Business Cycle Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Bandhan Business Cycle Fund portfolio data updated?

Portfolio holdings for Bandhan Business Cycle Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Bandhan Mutual Fund

Bandhan Business Cycle Fund - Direct Plan - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹1,187.17 Cr

Equity only, excl. debt & cash

Top 5 Weight

20.3%

Diversified

Top 10 Weight

34.7%

Diversified

Changes

10 new · 7 exits

Top Sector

Banks

21.2% of portfolio

📋 What Happened This Month Bandhan Business Cycle Fund made 10 new additions and exited 7 stocks this month. The biggest new buy was United Spirits Limited (Beverages) at 0.45% weight. ITC Limited was the biggest exit (Diversified FMCG), which was held at 0.42%. Among existing holdings, Reliance Industries Limited saw the biggest increase — now at 3.99% of the portfolio. Infosys Limited was trimmed the most, now at 2.81%. Axis Bank Limited remains the top holding with Banks the dominant sector at 21.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

1 year history · Bandhan Business Cycle Fund - Direct Plan - Growth

-2.96%

+1.21%

-7.01%

-2.24%

Latest NAV

₹9.66

04 Jun 2026

52W High

₹10.53

-8% from High

52W Low

₹8.56

+13% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+6.2%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

5.1%

+ve in 87% windows

14.0% / -6.3%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-16.1%

Rec: Jun 2025 (6 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹9.66 04 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Bandhan Business Cycle Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹9.66

Sector Shift Industry allocation month-over-month

Earlier shift unavailable

Needs 3 months of holdings data.

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	20.9%	21.2%	▲ +0.3%
Finance	8.2%	8.7%	▲ +0.4%
Power	7.7%	7.6%	▼ -0.2%
IT - Software	8.0%	6.7%	▼ -1.4%
Construction	6.4%	6.6%	▲ +0.2%
Pharmaceuticals & Biotechnology	5.1%	4.3%	▼ -0.8%
Petroleum Products	3.1%	4.0%	▲ +0.9%
Telecom - Services	3.7%	3.5%	▼ -0.2%
Financial Technology (Fintech)	3.3%	3.4%	● +0.0%
Transport Infrastructure	2.1%	2.8%	▲ +0.7%

🟢

Biggest New Buy

United Spirits Limited

0.45% weight · Beverages

🔴

Biggest Exit

ITC Limited

0.42% was held · Diversified FMCG

↑

Biggest Add

Reliance Industries Limited

+0.93% · now 3.99%

↓

Biggest Trim

Infosys Limited

-0.57% · now 2.81%

🤝 Other funds also bought this month

Talwandi Sabo Power Limited 183 funds

Vedanta Aluminium Metal Limited 183 funds

Vedanta Iron And Steel Limited 183 funds

Malco Energy Limited 176 funds

Titan Company Limited 67 funds

FSN E-Commerce Ventures Limited 43 funds

👋 Other funds also exited

BSE Limited 18 funds

ITC Limited 16 funds

Multi Commodity Exchange of India Limited 13 funds

Punjab National Bank 11 funds

GAIL (India) Limited 7 funds

Arvind Limited 2 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 10 New Entries 🔴 7 Exits ↑ 38 Increased ↓ 42 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	United Spirits Limited ₹5.53 Cr	Beverages	0.45%
2	FSN E-Commerce Ventures Limited ₹3.13 Cr	Retailing	0.25%
3	Titan Company Limited ₹3.06 Cr	Consumer Durables	0.25%
4	Union Bank of India ₹2.82 Cr	Banks	0.23%
5	Talwandi Sabo Power Limited ₹1.48 Cr	Power	0.12%
6	Vedanta Aluminium Metal Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
7	Malco Energy Limited ₹1.48 Cr	Power	0.12%
8	Vedanta Iron And Steel Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
9	SBFC Finance Limited ₹35.98 L	Finance	0.03%
10	Orchid Pharma Limited ₹20.16 L	Pharmaceuticals & Biotechnology	0.02%

#	Stock	Sector	Last Weight (Mar 2026)
1	ITC Limited ₹4.62 Cr	Diversified FMCG	0.42%
2	BSE Limited ₹2.77 Cr	Capital Markets	0.25%
3	GAIL (India) Limited ₹2.65 Cr	Gas	0.24%
4	Multi Commodity Exchange of India Limited ₹1.60 Cr	Capital Markets	0.14%
5	Arvind Limited ₹38.71 L	Textiles & Apparels	0.03%
6	Jubilant Pharmova Limited ₹33.56 L	Pharmaceuticals & Biotechnology	0.03%
7	Punjab National Bank ₹3.39 L	Banks	0.00%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Reliance Industries Limited ₹48.96 Cr	Petroleum Products	3.06%	3.99%	+0.93%
2	GMR Airports Limited ₹14.99 Cr	Transport Infrastructure	0.71%	1.22%	+0.51%
3	ICICI Bank Limited ₹34.00 Cr	Banks	2.43%	2.77%	+0.34%
4	IIFL Finance Limited ₹12.26 Cr	Finance	0.71%	1.00%	+0.29%
5	Bharat Electronics Limited ₹12.79 Cr	Aerospace & Defense	0.77%	1.04%	+0.27%
6	HDFC Life Insurance Company Limited ₹6.28 Cr	Insurance	0.24%	0.51%	+0.27%
7	Power Mech Projects Limited ₹13.95 Cr	Construction	0.89%	1.14%	+0.25%
8	Meghmani Finechem Limited ₹10.31 Cr	Chemicals & Petrochemicals	0.63%	0.84%	+0.21%
9	Kotak Mahindra Bank Limited ₹22.62 Cr	Banks	1.64%	1.84%	+0.20%
10	PTC India Financial Services Limited ₹14.73 Cr	Finance	1.02%	1.20%	+0.18%
11	Larsen & Toubro Limited ₹39.24 Cr	Construction	3.03%	3.20%	+0.17%
12	Adani Ports and Special Economic Zone Limited ₹18.82 Cr	Transport Infrastructure	1.36%	1.53%	+0.17%
13	Fusion Finance Ltd ₹12.79 Cr	Finance	0.90%	1.04%	+0.14%
14	Bajaj Finance Limited ₹37.16 Cr	Finance	2.90%	3.03%	+0.13%
15	Torrent Power Limited ₹9.51 Cr	Power	0.67%	0.78%	+0.11%
16	Sundaram Clayton Limited ₹19.85 Cr	Auto Components	1.52%	1.62%	+0.10%
17	Godrej Properties Limited ₹12.37 Cr	Realty	0.91%	1.01%	+0.10%
18	Lodha Developers Limited ₹6.94 Cr	Realty	0.49%	0.57%	+0.08%
19	State Bank of India ₹30.38 Cr	Banks	2.41%	2.48%	+0.07%
20	CG Power and Industrial Solutions Limited ₹7.92 Cr	Electrical Equipment	0.58%	0.65%	+0.07%
21	Fortis Healthcare Limited ₹19.79 Cr	Healthcare Services	1.55%	1.61%	+0.06%
22	Thirumalai Chemicals Ltd ₹7.37 Cr	Chemicals & Petrochemicals	0.54%	0.60%	+0.06%
23	Kirloskar Brothers Limited ₹5.79 Cr	Industrial Products	0.41%	0.47%	+0.06%
24	One 97 Communications Limited ₹31.94 Cr	Financial Technology (Fintech)	2.55%	2.60%	+0.05%
25	Tata Power Company Limited ₹12.64 Cr	Power	0.98%	1.03%	+0.05%
26	The Phoenix Mills Limited ₹8.53 Cr	Realty	0.65%	0.70%	+0.05%
27	Excelsoft Technologies Limited ₹3.71 Cr	IT - Services	0.25%	0.30%	+0.05%
28	NTPC Green Energy Limited ₹9.50 Cr	Power	0.73%	0.77%	+0.04%
29	Jindal Saw Limited ₹5.23 Cr	Industrial Products	0.39%	0.43%	+0.04%
30	Life Insurance Corporation Of India ₹3.57 Cr	Insurance	0.25%	0.29%	+0.04%
31	Dalmia Bharat Limited ₹1.72 Cr	Cement & Cement Products	0.10%	0.14%	+0.04%
32	Cohance Lifesciences Limited ₹1.56 Cr	Pharmaceuticals & Biotechnology	0.09%	0.13%	+0.04%
33	Hindustan Zinc Limited ₹4.57 Cr	Non - Ferrous Metals	0.34%	0.37%	+0.03%
34	Cummins India Limited ₹6.06 Cr	Industrial Products	0.47%	0.49%	+0.02%
35	GPT Infraprojects Limited ₹4.61 Cr	Construction	0.36%	0.38%	+0.02%
36	City Union Bank Limited ₹20.50 Cr	Banks	1.66%	1.67%	+0.01%
37	Tata Technologies Limited ₹6.64 Cr	IT - Services	0.53%	0.54%	+0.01%
38	Tata Consumer Products Limited ₹4.86 Cr	Agricultural Food & other Products	0.39%	0.40%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Infosys Limited ₹34.46 Cr	IT - Software	3.38%	2.81%	-0.57%
2	Hero MotoCorp Limited ₹12.38 Cr	Automobiles	1.58%	1.01%	-0.57%
3	Cipla Limited ₹10.40 Cr	Pharmaceuticals & Biotechnology	1.42%	0.85%	-0.57%
4	Vedanta Limited ₹3.33 Cr	Diversified Metals	0.73%	0.27%	-0.46%
5	Wipro Limited ₹14.15 Cr	IT - Software	1.51%	1.15%	-0.36%
6	Coromandel International Limited ₹19.26 Cr	Fertilizers & Agrochemicals	1.90%	1.57%	-0.33%
7	Acme Solar Holdings Ltd ₹14.27 Cr	Power	1.46%	1.16%	-0.30%
8	HDFC Bank Limited ₹58.46 Cr	Banks	5.05%	4.77%	-0.28%
9	Can Fin Homes Limited ₹10.18 Cr	Finance	1.10%	0.83%	-0.27%
10	InterGlobe Aviation Limited ₹18.28 Cr	Transport Services	1.73%	1.49%	-0.24%
11	Tata Consultancy Services Limited ₹17.49 Cr	IT - Software	1.66%	1.43%	-0.23%
12	Bharti Airtel Limited ₹42.56 Cr	Telecom - Services	3.67%	3.47%	-0.20%
13	PNC Infratech Limited ₹5.42 Cr	Construction	0.64%	0.44%	-0.20%
14	Mphasis Limited ₹15.78 Cr	IT - Software	1.48%	1.29%	-0.19%
15	UPL Limited ₹12.88 Cr	Fertilizers & Agrochemicals	1.24%	1.05%	-0.19%
16	IDFC First Bank Limited ₹15.24 Cr	Banks	1.41%	1.24%	-0.17%
17	JSW Energy Limited ₹4.73 Cr	Power	0.56%	0.39%	-0.17%
18	Aurobindo Pharma Limited ₹10.66 Cr	Pharmaceuticals & Biotechnology	1.02%	0.87%	-0.15%
19	Bharat Heavy Electricals Limited ₹3.02 Cr	Electrical Equipment	0.38%	0.25%	-0.13%
20	NTPC Limited ₹38.96 Cr	Power	3.30%	3.18%	-0.12%
21	Wockhardt Limited ₹22.71 Cr	Pharmaceuticals & Biotechnology	1.97%	1.85%	-0.12%
22	Maruti Suzuki India Limited ₹12.00 Cr	Automobiles	1.10%	0.98%	-0.12%
23	Axis Bank Limited ₹59.58 Cr	Banks	4.97%	4.86%	-0.11%
24	Tega Industries Limited ₹12.51 Cr	Industrial Manufacturing	1.13%	1.02%	-0.11%
25	Siemens Limited ₹1.89 Cr	Electrical Equipment	0.26%	0.15%	-0.11%
26	Chalet Hotels Limited ₹1.85 Cr	Leisure Services	0.25%	0.15%	-0.10%
27	Swiggy Limited ₹10.57 Cr	Retailing	0.93%	0.86%	-0.07%
28	SBI Life Insurance Company Limited ₹8.26 Cr	Insurance	0.73%	0.67%	-0.06%
29	Ambuja Cements Limited ₹3.97 Cr	Cement & Cement Products	0.38%	0.32%	-0.06%
30	Shriram Finance Limited ₹15.93 Cr	Finance	1.35%	1.30%	-0.05%
31	UltraTech Cement Limited ₹15.73 Cr	Cement & Cement Products	1.33%	1.28%	-0.05%
32	IndusInd Bank Limited ₹10.52 Cr	Banks	0.89%	0.86%	-0.03%
33	PB Fintech Limited ₹9.34 Cr	Financial Technology (Fintech)	0.79%	0.76%	-0.03%
34	KEC International Limited ₹13.33 Cr	Construction	1.11%	1.09%	-0.02%
35	Varun Beverages Limited ₹9.19 Cr	Beverages	0.77%	0.75%	-0.02%
36	Garware Technical Fibres Limited ₹4.25 Cr	Textiles & Apparels	0.37%	0.35%	-0.02%
37	Angel One Limited ₹4.14 Cr	Capital Markets	0.36%	0.34%	-0.02%
38	Metropolis Healthcare Limited ₹9.89 Cr	Healthcare Services	0.82%	0.81%	-0.01%
39	Arvind Fashions Limited ₹8.70 Cr	Retailing	0.72%	0.71%	-0.01%
40	Divi's Laboratories Limited ₹7.06 Cr	Pharmaceuticals & Biotechnology	0.59%	0.58%	-0.01%
41	TeamLease Services Limited ₹4.73 Cr	Commercial Services & Supplies	0.40%	0.39%	-0.01%
42	Jio Financial Services Limited ₹2.96 Cr	Finance	0.25%	0.24%	-0.01%

Full Portfolio

92 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	Axis Bank Limited ₹59.58 Cr	Banks	4.86%
2	HDFC Bank Limited ₹58.46 Cr	Banks	4.77%
3	Reliance Industries Limited ₹48.96 Cr	Petroleum Products	3.99%
4	Bharti Airtel Limited ₹42.56 Cr	Telecom - Services	3.47%
5	Larsen & Toubro Limited ₹39.24 Cr	Construction	3.20%
6	NTPC Limited ₹38.96 Cr	Power	3.18%
7	Bajaj Finance Limited ₹37.16 Cr	Finance	3.03%
8	Infosys Limited ₹34.46 Cr	IT - Software	2.81%
9	ICICI Bank Limited ₹34.00 Cr	Banks	2.77%
10	One 97 Communications Limited ₹31.94 Cr	Financial Technology (Fintech)	2.60%
11	State Bank of India ₹30.38 Cr	Banks	2.48%
12	Wockhardt Limited ₹22.71 Cr	Pharmaceuticals & Biotechnology	1.85%
13	Kotak Mahindra Bank Limited ₹22.62 Cr	Banks	1.84%
14	City Union Bank Limited ₹20.50 Cr	Banks	1.67%
15	Sundaram Clayton Limited ₹19.85 Cr	Auto Components	1.62%
16	Fortis Healthcare Limited ₹19.79 Cr	Healthcare Services	1.61%
17	Coromandel International Limited ₹19.26 Cr	Fertilizers & Agrochemicals	1.57%
18	Adani Ports and Special Economic Zone Limited ₹18.82 Cr	Transport Infrastructure	1.53%
19	InterGlobe Aviation Limited ₹18.28 Cr	Transport Services	1.49%
20	Tata Consultancy Services Limited ₹17.49 Cr	IT - Software	1.43%
21	Shriram Finance Limited ₹15.93 Cr	Finance	1.30%
22	Mphasis Limited ₹15.78 Cr	IT - Software	1.29%
23	UltraTech Cement Limited ₹15.73 Cr	Cement & Cement Products	1.28%
24	IDFC First Bank Limited ₹15.24 Cr	Banks	1.24%
25	GMR Airports Limited ₹14.99 Cr	Transport Infrastructure	1.22%
26	PTC India Financial Services Limited ₹14.73 Cr	Finance	1.20%
27	Acme Solar Holdings Ltd ₹14.27 Cr	Power	1.16%
28	Wipro Limited ₹14.15 Cr	IT - Software	1.15%
29	Power Mech Projects Limited ₹13.95 Cr	Construction	1.14%
30	KEC International Limited ₹13.33 Cr	Construction	1.09%
31	UPL Limited ₹12.88 Cr	Fertilizers & Agrochemicals	1.05%
32	Fusion Finance Ltd ₹12.79 Cr	Finance	1.04%
33	Bharat Electronics Limited ₹12.79 Cr	Aerospace & Defense	1.04%
34	Tata Power Company Limited ₹12.64 Cr	Power	1.03%
35	Tega Industries Limited ₹12.51 Cr	Industrial Manufacturing	1.02%
36	Godrej Properties Limited ₹12.37 Cr	Realty	1.01%
37	Hero MotoCorp Limited ₹12.38 Cr	Automobiles	1.01%
38	IIFL Finance Limited ₹12.26 Cr	Finance	1.00%
39	Maruti Suzuki India Limited ₹12.00 Cr	Automobiles	0.98%
40	Aurobindo Pharma Limited ₹10.66 Cr	Pharmaceuticals & Biotechnology	0.87%
41	Swiggy Limited ₹10.57 Cr	Retailing	0.86%
42	IndusInd Bank Limited ₹10.52 Cr	Banks	0.86%
43	Cipla Limited ₹10.40 Cr	Pharmaceuticals & Biotechnology	0.85%
44	Meghmani Finechem Limited ₹10.31 Cr	Chemicals & Petrochemicals	0.84%
45	Can Fin Homes Limited ₹10.18 Cr	Finance	0.83%
46	Metropolis Healthcare Limited ₹9.89 Cr	Healthcare Services	0.81%
47	Torrent Power Limited ₹9.51 Cr	Power	0.78%
48	NTPC Green Energy Limited ₹9.50 Cr	Power	0.77%
49	PB Fintech Limited ₹9.34 Cr	Financial Technology (Fintech)	0.76%
50	Varun Beverages Limited ₹9.19 Cr	Beverages	0.75%
51	Arvind Fashions Limited ₹8.70 Cr	Retailing	0.71%
52	The Phoenix Mills Limited ₹8.53 Cr	Realty	0.70%
53	SBI Life Insurance Company Limited ₹8.26 Cr	Insurance	0.67%
54	CG Power and Industrial Solutions Limited ₹7.92 Cr	Electrical Equipment	0.65%
55	Thirumalai Chemicals Ltd ₹7.37 Cr	Chemicals & Petrochemicals	0.60%
56	Divi's Laboratories Limited ₹7.06 Cr	Pharmaceuticals & Biotechnology	0.58%
57	Lodha Developers Limited ₹6.94 Cr	Realty	0.57%
58	Tata Technologies Limited ₹6.64 Cr	IT - Services	0.54%
59	HDFC Life Insurance Company Limited ₹6.28 Cr	Insurance	0.51%
60	Cummins India Limited ₹6.06 Cr	Industrial Products	0.49%
61	Ujjivan Small Finance Bank Limited ₹5.94 Cr	Banks	0.48%
62	Kirloskar Brothers Limited ₹5.79 Cr	Industrial Products	0.47%
63	United Spirits Limited ₹5.53 Cr	Beverages	0.45%
64	PNC Infratech Limited ₹5.42 Cr	Construction	0.44%
65	Jindal Saw Limited ₹5.23 Cr	Industrial Products	0.43%
66	Tata Consumer Products Limited ₹4.86 Cr	Agricultural Food & other Products	0.40%
67	KNR Constructions Limited ₹4.78 Cr	Construction	0.39%
68	JSW Energy Limited ₹4.73 Cr	Power	0.39%
69	TeamLease Services Limited ₹4.73 Cr	Commercial Services & Supplies	0.39%
70	GPT Infraprojects Limited ₹4.61 Cr	Construction	0.38%
71	Hindustan Zinc Limited ₹4.57 Cr	Non - Ferrous Metals	0.37%
72	Garware Technical Fibres Limited ₹4.25 Cr	Textiles & Apparels	0.35%
73	Angel One Limited ₹4.14 Cr	Capital Markets	0.34%
74	Ambuja Cements Limited ₹3.97 Cr	Cement & Cement Products	0.32%
75	Excelsoft Technologies Limited ₹3.71 Cr	IT - Services	0.30%
76	Life Insurance Corporation Of India ₹3.57 Cr	Insurance	0.29%
77	Vedanta Limited ₹3.33 Cr	Diversified Metals	0.27%
78	FSN E-Commerce Ventures Limited ₹3.13 Cr	Retailing	0.25%
79	Titan Company Limited ₹3.06 Cr	Consumer Durables	0.25%
80	Bharat Heavy Electricals Limited ₹3.02 Cr	Electrical Equipment	0.25%
81	Jio Financial Services Limited ₹2.96 Cr	Finance	0.24%
82	Union Bank of India ₹2.82 Cr	Banks	0.23%
83	Siemens Limited ₹1.89 Cr	Electrical Equipment	0.15%
84	Chalet Hotels Limited ₹1.85 Cr	Leisure Services	0.15%
85	Dalmia Bharat Limited ₹1.72 Cr	Cement & Cement Products	0.14%
86	Cohance Lifesciences Limited ₹1.56 Cr	Pharmaceuticals & Biotechnology	0.13%
87	Talwandi Sabo Power Limited ₹1.48 Cr	Power	0.12%
88	Vedanta Aluminium Metal Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
89	Malco Energy Limited ₹1.48 Cr	Power	0.12%
90	Vedanta Iron And Steel Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
91	SBFC Finance Limited ₹35.98 L	Finance	0.03%
92	Orchid Pharma Limited ₹20.16 L	Pharmaceuticals & Biotechnology	0.02%