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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹1,177.00 Cr

Equity only, excl. debt & cash

Top 5 Weight

20.5%

Diversified

Top 10 Weight

35.2%

Diversified

Changes

6 new · 4 exits

Top Sector

Banks

22.2% of portfolio

📋 What Happened This Month Bandhan Business Cycle Fund made 6 new additions and exited 4 stocks this month. The biggest new buy was Samvardhana Motherson International Limited (Auto Components) at 0.59% weight. Lodha Developers Limited was the biggest exit (Realty), which was held at 0.57%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 3.44% of the portfolio. Wipro Limited was trimmed the most, now at 0.43%. Axis Bank Limited remains the top holding with Banks the dominant sector at 22.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

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

+2.51%

+12.00%

-3.83%

-1.25%

Latest NAV

₹10.00

24 Jun 2026

52W High

₹10.53

-5% from High

52W Low

₹8.56

+17% 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

4.6%

+ve in 81% 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 ₹10.00 24 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: ₹10.00

Sector Shift Industry allocation month-over-month

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%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	21.2%	22.2%	▲ +1.0%
Finance	8.7%	8.7%	● +0.0%
Power	7.6%	7.5%	● 0.0%
Construction	6.6%	6.3%	▼ -0.4%
IT - Software	6.7%	5.9%	▼ -0.8%
Pharmaceuticals & Biotechnology	4.3%	4.6%	▲ +0.3%
Petroleum Products	4.0%	3.9%	▼ -0.1%
Telecom - Services	3.5%	3.4%	● 0.0%
Financial Technology (Fintech)	3.4%	3.4%	● +0.0%
Fertilizers & Agrochemicals	2.6%	3.0%	▲ +0.3%

🟢

Biggest New Buy

Samvardhana Motherson International Limited

0.59% weight · Auto Components

🔴

Biggest Exit

Lodha Developers Limited

0.57% was held · Realty

↑

Biggest Add

ICICI Bank Limited

+0.67% · now 3.44%

↓

Biggest Trim

Wipro Limited

-0.72% · now 0.43%

🤝 Other funds also bought this month

Bajaj Finserv Limited 23 funds

Samvardhana Motherson International Limited 23 funds

Glenmark Pharmaceuticals Limited 22 funds

Sona BLW Precision Forgings Limited 17 funds

United Breweries Limited 9 funds

SHARDA CROPCHEM LIMITED 3 funds

👋 Other funds also exited

Bharat Heavy Electricals Limited 9 funds

Lodha Developers Limited 4 funds

Siemens Limited 4 funds

Chalet Hotels Limited 3 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 6 New Entries 🔴 4 Exits ↑ 42 Increased ↓ 37 Decreased

#	Stock	Sector	Weight (May 2026)
1	Samvardhana Motherson International Limited ₹7.06 Cr	Auto Components	0.59%
2	SHARDA CROPCHEM LIMITED ₹5.43 Cr	Fertilizers & Agrochemicals	0.45%
3	Glenmark Pharmaceuticals Limited ₹2.97 Cr	Pharmaceuticals & Biotechnology	0.25%
4	Bajaj Finserv Limited ₹2.26 Cr	Finance	0.19%
5	United Breweries Limited ₹1.96 Cr	Beverages	0.16%
6	Sona BLW Precision Forgings Limited ₹1.53 Cr	Auto Components	0.13%

#	Stock	Sector	Last Weight (Apr 2026)
1	Lodha Developers Limited ₹6.94 Cr	Realty	0.57%
2	Bharat Heavy Electricals Limited ₹3.02 Cr	Electrical Equipment	0.25%
3	Siemens Limited ₹1.89 Cr	Electrical Equipment	0.15%
4	Chalet Hotels Limited ₹1.85 Cr	Leisure Services	0.15%

#	Stock	Sector	Apr 2026	May 2026	Change
1	ICICI Bank Limited ₹41.35 Cr	Banks	2.77%	3.44%	+0.67%
2	FSN E-Commerce Ventures Limited ₹6.67 Cr	Retailing	0.25%	0.55%	+0.30%
3	HDFC Life Insurance Company Limited ₹9.33 Cr	Insurance	0.51%	0.78%	+0.27%
4	Union Bank of India ₹5.37 Cr	Banks	0.23%	0.45%	+0.22%
5	UltraTech Cement Limited ₹17.93 Cr	Cement & Cement Products	1.28%	1.49%	+0.21%
6	IDFC First Bank Limited ₹17.48 Cr	Banks	1.24%	1.45%	+0.21%
7	Ujjivan Small Finance Bank Limited ₹8.32 Cr	Banks	0.48%	0.69%	+0.21%
8	Axis Bank Limited ₹60.44 Cr	Banks	4.86%	5.03%	+0.17%
9	Adani Ports and Special Economic Zone Limited ₹20.49 Cr	Transport Infrastructure	1.53%	1.70%	+0.17%
10	Metropolis Healthcare Limited ₹11.53 Cr	Healthcare Services	0.81%	0.96%	+0.15%
11	Tata Technologies Limited ₹8.05 Cr	IT - Services	0.54%	0.67%	+0.13%
12	One 97 Communications Limited ₹32.61 Cr	Financial Technology (Fintech)	2.60%	2.71%	+0.11%
13	Acme Solar Holdings Ltd ₹15.26 Cr	Power	1.16%	1.27%	+0.11%
14	United Spirits Limited ₹6.57 Cr	Beverages	0.45%	0.55%	+0.10%
15	Vedanta Limited ₹4.32 Cr	Diversified Metals	0.27%	0.36%	+0.09%
16	Tega Industries Limited ₹13.28 Cr	Industrial Manufacturing	1.02%	1.10%	+0.08%
17	Cipla Limited ₹11.12 Cr	Pharmaceuticals & Biotechnology	0.85%	0.92%	+0.07%
18	Cummins India Limited ₹6.77 Cr	Industrial Products	0.49%	0.56%	+0.07%
19	Kotak Mahindra Bank Limited ₹22.68 Cr	Banks	1.84%	1.89%	+0.05%
20	Fortis Healthcare Limited ₹19.90 Cr	Healthcare Services	1.61%	1.66%	+0.05%
21	Jindal Saw Limited ₹5.80 Cr	Industrial Products	0.43%	0.48%	+0.05%
22	TeamLease Services Limited ₹5.31 Cr	Commercial Services & Supplies	0.39%	0.44%	+0.05%
23	Wockhardt Limited ₹22.76 Cr	Pharmaceuticals & Biotechnology	1.85%	1.89%	+0.04%
24	Shriram Finance Limited ₹16.10 Cr	Finance	1.30%	1.34%	+0.04%
25	Arvind Fashions Limited ₹9.06 Cr	Retailing	0.71%	0.75%	+0.04%
26	Angel One Limited ₹4.52 Cr	Capital Markets	0.34%	0.38%	+0.04%
27	UPL Limited ₹12.94 Cr	Fertilizers & Agrochemicals	1.05%	1.08%	+0.03%
28	JSW Energy Limited ₹5.02 Cr	Power	0.39%	0.42%	+0.03%
29	Hindustan Zinc Limited ₹4.85 Cr	Non - Ferrous Metals	0.37%	0.40%	+0.03%
30	Garware Technical Fibres Limited ₹4.56 Cr	Textiles & Apparels	0.35%	0.38%	+0.03%
31	Mphasis Limited ₹15.75 Cr	IT - Software	1.29%	1.31%	+0.02%
32	SBI Life Insurance Company Limited ₹8.31 Cr	Insurance	0.67%	0.69%	+0.02%
33	Thirumalai Chemicals Ltd ₹7.41 Cr	Chemicals & Petrochemicals	0.60%	0.62%	+0.02%
34	Divi's Laboratories Limited ₹7.24 Cr	Pharmaceuticals & Biotechnology	0.58%	0.60%	+0.02%
35	Tata Consumer Products Limited ₹5.01 Cr	Agricultural Food & other Products	0.40%	0.42%	+0.02%
36	Life Insurance Corporation Of India ₹3.68 Cr	Insurance	0.29%	0.31%	+0.02%
37	Infosys Limited ₹33.85 Cr	IT - Software	2.81%	2.82%	+0.01%
38	PTC India Financial Services Limited ₹14.50 Cr	Finance	1.20%	1.21%	+0.01%
39	The Phoenix Mills Limited ₹8.56 Cr	Realty	0.70%	0.71%	+0.01%
40	KNR Constructions Limited ₹4.84 Cr	Construction	0.39%	0.40%	+0.01%
41	GPT Infraprojects Limited ₹4.69 Cr	Construction	0.38%	0.39%	+0.01%
42	Ambuja Cements Limited ₹4.00 Cr	Cement & Cement Products	0.32%	0.33%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Wipro Limited ₹5.22 Cr	IT - Software	1.15%	0.43%	-0.72%
2	GMR Airports Limited ₹10.57 Cr	Transport Infrastructure	1.22%	0.88%	-0.34%
3	CG Power and Industrial Solutions Limited ₹5.16 Cr	Electrical Equipment	0.65%	0.43%	-0.22%
4	State Bank of India ₹27.42 Cr	Banks	2.48%	2.28%	-0.20%
5	IndusInd Bank Limited ₹8.21 Cr	Banks	0.86%	0.68%	-0.18%
6	Power Mech Projects Limited ₹11.69 Cr	Construction	1.14%	0.97%	-0.17%
7	Coromandel International Limited ₹17.04 Cr	Fertilizers & Agrochemicals	1.57%	1.42%	-0.15%
8	InterGlobe Aviation Limited ₹16.32 Cr	Transport Services	1.49%	1.36%	-0.13%
9	Reliance Industries Limited ₹46.53 Cr	Petroleum Products	3.99%	3.87%	-0.12%
10	IIFL Finance Limited ₹10.61 Cr	Finance	1.00%	0.88%	-0.12%
11	Larsen & Toubro Limited ₹37.33 Cr	Construction	3.20%	3.10%	-0.10%
12	Tata Consultancy Services Limited ₹15.97 Cr	IT - Software	1.43%	1.33%	-0.10%
13	KEC International Limited ₹11.88 Cr	Construction	1.09%	0.99%	-0.10%
14	PB Fintech Limited ₹7.98 Cr	Financial Technology (Fintech)	0.76%	0.66%	-0.10%
15	Sundaram Clayton Limited ₹18.39 Cr	Auto Components	1.62%	1.53%	-0.09%
16	HDFC Bank Limited ₹56.40 Cr	Banks	4.77%	4.69%	-0.08%
17	Varun Beverages Limited ₹8.12 Cr	Beverages	0.75%	0.68%	-0.07%
18	City Union Bank Limited ₹19.39 Cr	Banks	1.67%	1.61%	-0.06%
19	Torrent Power Limited ₹8.63 Cr	Power	0.78%	0.72%	-0.06%
20	Dalmia Bharat Limited ₹1.13 Cr	Cement & Cement Products	0.14%	0.09%	-0.05%
21	Bharti Airtel Limited ₹41.26 Cr	Telecom - Services	3.47%	3.43%	-0.04%
22	NTPC Limited ₹37.76 Cr	Power	3.18%	3.14%	-0.04%
23	Hero MotoCorp Limited ₹11.64 Cr	Automobiles	1.01%	0.97%	-0.04%
24	Bajaj Finance Limited ₹36.02 Cr	Finance	3.03%	3.00%	-0.03%
25	Fusion Finance Ltd ₹12.19 Cr	Finance	1.04%	1.01%	-0.03%
26	Bharat Electronics Limited ₹12.18 Cr	Aerospace & Defense	1.04%	1.01%	-0.03%
27	Tata Power Company Limited ₹11.96 Cr	Power	1.03%	1.00%	-0.03%
28	NTPC Green Energy Limited ₹8.95 Cr	Power	0.77%	0.74%	-0.03%
29	Swiggy Limited ₹10.08 Cr	Retailing	0.86%	0.84%	-0.02%
30	Meghmani Finechem Limited ₹9.84 Cr	Chemicals & Petrochemicals	0.84%	0.82%	-0.02%
31	Can Fin Homes Limited ₹9.76 Cr	Finance	0.83%	0.81%	-0.02%
32	Kirloskar Brothers Limited ₹5.47 Cr	Industrial Products	0.47%	0.45%	-0.02%
33	Orchid Pharma Limited ₹4.07 L	Pharmaceuticals & Biotechnology	0.02%	0.00%	-0.02%
34	Aurobindo Pharma Limited ₹10.29 Cr	Pharmaceuticals & Biotechnology	0.87%	0.86%	-0.01%
35	PNC Infratech Limited ₹5.19 Cr	Construction	0.44%	0.43%	-0.01%
36	Titan Company Limited ₹2.85 Cr	Consumer Durables	0.25%	0.24%	-0.01%
37	Cohance Lifesciences Limited ₹1.40 Cr	Pharmaceuticals & Biotechnology	0.13%	0.12%	-0.01%

What Stocks Does This Fund Hold?

94 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Axis Bank Limited ₹60.44 Cr	Banks	5.03%
2	HDFC Bank Limited ₹56.40 Cr	Banks	4.69%
3	Reliance Industries Limited ₹46.53 Cr	Petroleum Products	3.87%
4	ICICI Bank Limited ₹41.35 Cr	Banks	3.44%
5	Bharti Airtel Limited ₹41.26 Cr	Telecom - Services	3.43%
6	NTPC Limited ₹37.76 Cr	Power	3.14%
7	Larsen & Toubro Limited ₹37.33 Cr	Construction	3.10%
8	Bajaj Finance Limited ₹36.02 Cr	Finance	3.00%
9	Infosys Limited ₹33.85 Cr	IT - Software	2.82%
10	One 97 Communications Limited ₹32.61 Cr	Financial Technology (Fintech)	2.71%
11	State Bank of India ₹27.42 Cr	Banks	2.28%
12	Wockhardt Limited ₹22.76 Cr	Pharmaceuticals & Biotechnology	1.89%
13	Kotak Mahindra Bank Limited ₹22.68 Cr	Banks	1.89%
14	Adani Ports and Special Economic Zone Limited ₹20.49 Cr	Transport Infrastructure	1.70%
15	Fortis Healthcare Limited ₹19.90 Cr	Healthcare Services	1.66%
16	City Union Bank Limited ₹19.39 Cr	Banks	1.61%
17	Sundaram Clayton Limited ₹18.39 Cr	Auto Components	1.53%
18	UltraTech Cement Limited ₹17.93 Cr	Cement & Cement Products	1.49%
19	IDFC First Bank Limited ₹17.48 Cr	Banks	1.45%
20	Coromandel International Limited ₹17.04 Cr	Fertilizers & Agrochemicals	1.42%
21	InterGlobe Aviation Limited ₹16.32 Cr	Transport Services	1.36%
22	Shriram Finance Limited ₹16.10 Cr	Finance	1.34%
23	Tata Consultancy Services Limited ₹15.97 Cr	IT - Software	1.33%
24	Mphasis Limited ₹15.75 Cr	IT - Software	1.31%
25	Acme Solar Holdings Ltd ₹15.26 Cr	Power	1.27%
26	PTC India Financial Services Limited ₹14.50 Cr	Finance	1.21%
27	Tega Industries Limited ₹13.28 Cr	Industrial Manufacturing	1.10%
28	UPL Limited ₹12.94 Cr	Fertilizers & Agrochemicals	1.08%
29	Fusion Finance Ltd ₹12.19 Cr	Finance	1.01%
30	Bharat Electronics Limited ₹12.18 Cr	Aerospace & Defense	1.01%
31	Godrej Properties Limited ₹12.15 Cr	Realty	1.01%
32	Tata Power Company Limited ₹11.96 Cr	Power	1.00%
33	KEC International Limited ₹11.88 Cr	Construction	0.99%
34	Maruti Suzuki India Limited ₹11.83 Cr	Automobiles	0.98%
35	Power Mech Projects Limited ₹11.69 Cr	Construction	0.97%
36	Hero MotoCorp Limited ₹11.64 Cr	Automobiles	0.97%
37	Metropolis Healthcare Limited ₹11.53 Cr	Healthcare Services	0.96%
38	Cipla Limited ₹11.12 Cr	Pharmaceuticals & Biotechnology	0.92%
39	IIFL Finance Limited ₹10.61 Cr	Finance	0.88%
40	GMR Airports Limited ₹10.57 Cr	Transport Infrastructure	0.88%
41	Aurobindo Pharma Limited ₹10.29 Cr	Pharmaceuticals & Biotechnology	0.86%
42	Swiggy Limited ₹10.08 Cr	Retailing	0.84%
43	Meghmani Finechem Limited ₹9.84 Cr	Chemicals & Petrochemicals	0.82%
44	Can Fin Homes Limited ₹9.76 Cr	Finance	0.81%
45	HDFC Life Insurance Company Limited ₹9.33 Cr	Insurance	0.78%
46	Arvind Fashions Limited ₹9.06 Cr	Retailing	0.75%
47	NTPC Green Energy Limited ₹8.95 Cr	Power	0.74%
48	Torrent Power Limited ₹8.63 Cr	Power	0.72%
49	The Phoenix Mills Limited ₹8.56 Cr	Realty	0.71%
50	Ujjivan Small Finance Bank Limited ₹8.32 Cr	Banks	0.69%
51	SBI Life Insurance Company Limited ₹8.31 Cr	Insurance	0.69%
52	IndusInd Bank Limited ₹8.21 Cr	Banks	0.68%
53	Varun Beverages Limited ₹8.12 Cr	Beverages	0.68%
54	Tata Technologies Limited ₹8.05 Cr	IT - Services	0.67%
55	PB Fintech Limited ₹7.98 Cr	Financial Technology (Fintech)	0.66%
56	Thirumalai Chemicals Ltd ₹7.41 Cr	Chemicals & Petrochemicals	0.62%
57	Divi's Laboratories Limited ₹7.24 Cr	Pharmaceuticals & Biotechnology	0.60%
58	Samvardhana Motherson International Limited ₹7.06 Cr	Auto Components	0.59%
59	Cummins India Limited ₹6.77 Cr	Industrial Products	0.56%
60	FSN E-Commerce Ventures Limited ₹6.67 Cr	Retailing	0.55%
61	United Spirits Limited ₹6.57 Cr	Beverages	0.55%
62	Jindal Saw Limited ₹5.80 Cr	Industrial Products	0.48%
63	Kirloskar Brothers Limited ₹5.47 Cr	Industrial Products	0.45%
64	SHARDA CROPCHEM LIMITED ₹5.43 Cr	Fertilizers & Agrochemicals	0.45%
65	Union Bank of India ₹5.37 Cr	Banks	0.45%
66	TeamLease Services Limited ₹5.31 Cr	Commercial Services & Supplies	0.44%
67	Wipro Limited ₹5.22 Cr	IT - Software	0.43%
68	PNC Infratech Limited ₹5.19 Cr	Construction	0.43%
69	CG Power and Industrial Solutions Limited ₹5.16 Cr	Electrical Equipment	0.43%
70	JSW Energy Limited ₹5.02 Cr	Power	0.42%
71	Tata Consumer Products Limited ₹5.01 Cr	Agricultural Food & other Products	0.42%
72	Hindustan Zinc Limited ₹4.85 Cr	Non - Ferrous Metals	0.40%
73	KNR Constructions Limited ₹4.84 Cr	Construction	0.40%
74	GPT Infraprojects Limited ₹4.69 Cr	Construction	0.39%
75	Garware Technical Fibres Limited ₹4.56 Cr	Textiles & Apparels	0.38%
76	Angel One Limited ₹4.52 Cr	Capital Markets	0.38%
77	Vedanta Limited ₹4.32 Cr	Diversified Metals	0.36%
78	Ambuja Cements Limited ₹4.00 Cr	Cement & Cement Products	0.33%
79	Life Insurance Corporation Of India ₹3.68 Cr	Insurance	0.31%
80	Excelsoft Technologies Limited ₹3.56 Cr	IT - Services	0.30%
81	Glenmark Pharmaceuticals Limited ₹2.97 Cr	Pharmaceuticals & Biotechnology	0.25%
82	Jio Financial Services Limited ₹2.87 Cr	Finance	0.24%
83	Titan Company Limited ₹2.85 Cr	Consumer Durables	0.24%
84	Bajaj Finserv Limited ₹2.26 Cr	Finance	0.19%
85	United Breweries Limited ₹1.96 Cr	Beverages	0.16%
86	Sona BLW Precision Forgings Limited ₹1.53 Cr	Auto Components	0.13%
87	Cohance Lifesciences Limited ₹1.40 Cr	Pharmaceuticals & Biotechnology	0.12%
88	Talwandi Sabo Power Limited ₹1.48 Cr	Power	0.12%
89	Vedanta Aluminium Metal Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
90	Malco Energy Limited ₹1.48 Cr	Power	0.12%
91	Vedanta Iron And Steel Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
92	Dalmia Bharat Limited ₹1.13 Cr	Cement & Cement Products	0.09%
93	SBFC Finance Limited ₹36.75 L	Finance	0.03%
94	Orchid Pharma Limited ₹4.07 L	Pharmaceuticals & Biotechnology	0.00%