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 Aug 2026 Comparing Jul 2026 → Aug 2026

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Stocks Held

Aug 2026

Equity Holdings

₹1,098.79 Cr

Equity only, excl. debt & cash

AAUM

₹1,205.65 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

22.3%

Diversified

Top 10 Weight

38.5%

Diversified

Changes

4 new · 10 exits

Top Sector

Banks

25.6% of portfolio

Launch Date

10 Sep 2024

2 years old

AAUM (Average Assets Under Management) of ₹1,205.65 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Bandhan Business Cycle Fund made 4 new additions and exited 10 stocks this month. The biggest new buy was Piramal Finance Ltd (Finance) at 1.24% weight. Godrej Properties Limited was the biggest exit (Realty), which was held at 0.52%. Among existing holdings, UltraTech Cement Limited saw the biggest increase — now at 2.00% of the portfolio. Wipro Limited was trimmed the most, now at 0.33%. Axis Bank Limited remains the top holding with Banks the dominant sector at 25.6%. ↓ 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

-5.41%

-5.76%

+5.20%

-5.55%

Latest NAV

₹9.59

01 Oct 2026

52W High

₹10.53

-9% from High

52W Low

₹8.68

+10% 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

3.3%

+ve in 73% 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 ₹9.59 01 Oct 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: ₹9.59

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	24.4%	24.5%	● +0.1%
Finance	8.5%	8.1%	▼ -0.5%
Power	7.8%	8.1%	▲ +0.3%
IT - Software	5.8%	6.4%	▲ +0.6%
Construction	6.5%	6.1%	▼ -0.4%
Petroleum Products	4.2%	4.4%	▲ +0.2%
Telecom - Services	3.4%	3.7%	▲ +0.2%
Financial Technology (Fintech)	3.2%	3.6%	▲ +0.4%
Insurance	2.7%	3.0%	▲ +0.3%
Fertilizers & Agrochemicals	3.1%	2.8%	▼ -0.3%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	24.5%	25.6%	▲ +1.1%
Finance	8.1%	9.2%	▲ +1.1%
Power	8.1%	7.9%	▼ -0.1%
IT - Software	6.4%	6.0%	▼ -0.4%
Construction	6.1%	5.7%	▼ -0.4%
Petroleum Products	4.4%	4.4%	● +0.1%
Financial Technology (Fintech)	3.6%	3.7%	▲ +0.1%
Pharmaceuticals & Biotechnology	2.7%	3.5%	▲ +0.8%
Telecom - Services	3.7%	3.5%	▼ -0.2%
Fertilizers & Agrochemicals	2.8%	2.6%	▼ -0.1%

🟢

Biggest New Buy

Piramal Finance Ltd

1.24% weight · Finance

🔴

Biggest Exit

Godrej Properties Limited

0.52% was held · Realty

↑

Biggest Add

UltraTech Cement Limited

+0.55% · now 2.00%

↓

Biggest Trim

Wipro Limited

-0.65% · now 0.33%

🤝 Other funds also bought this month

Shiprocket Limited 52 funds

Piramal Finance Ltd 42 funds

Sequent Scientific Limited 14 funds

Brigade Enterprises Limited 13 funds

👋 Other funds also exited

Titan Company Limited 33 funds

Cummins India Limited 29 funds

PB Fintech Limited 23 funds

Adani Enterprises Limited 16 funds

Godrej Properties Limited 11 funds

Hindustan Zinc Limited 7 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 4 New Entries 🔴 10 Exits ↑ 42 Increased ↓ 29 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	Piramal Finance Ltd ₹13.63 Cr	Finance	1.24%
2	Sequent Scientific Limited ₹5.60 Cr	Pharmaceuticals & Biotechnology	0.51%
3	Shiprocket Limited ₹5.27 Cr	Transport Services	0.48%
4	Brigade Enterprises Limited ₹1.06 Cr	Realty	0.10%

#	Stock	Sector	Last Weight (Jul 2026)
1	Godrej Properties Limited ₹6.06 Cr	Realty	0.52%
2	Cummins India Limited ₹5.64 Cr	Industrial Products	0.48%
3	Adani Enterprises Limited ₹5.22 Cr	Metals & Minerals Trading	0.45%
4	PB Fintech Limited ₹4.76 Cr	Financial Technology (Fintech)	0.41%
5	Life Insurance Corporation Of India ₹3.69 Cr	Insurance	0.32%
6	Titan Company Limited ₹3.29 Cr	Consumer Durables	0.28%
7	Hindustan Zinc Limited ₹2.68 Cr	Non - Ferrous Metals	0.23%
8	United Breweries Limited ₹2.08 Cr	Beverages	0.18%
9	Kirloskar Brothers Limited ₹1.76 Cr	Industrial Products	0.15%
10	SBFC Finance Limited ₹57.31 L	Finance	0.05%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	UltraTech Cement Limited ₹22.00 Cr	Cement & Cement Products	1.45%	2.00%	+0.55%
2	One 97 Communications Limited ₹41.11 Cr	Financial Technology (Fintech)	3.21%	3.74%	+0.53%
3	Axis Bank Limited ₹57.88 Cr	Banks	4.78%	5.26%	+0.48%
4	Kotak Mahindra Bank Limited ₹28.76 Cr	Banks	2.34%	2.61%	+0.27%
5	Bank of India ₹9.66 Cr	Banks	0.61%	0.88%	+0.27%
6	Vedanta Limited ₹5.99 Cr	Diversified Metals	0.27%	0.54%	+0.27%
7	Larsen & Toubro Limited ₹35.40 Cr	Construction	2.99%	3.22%	+0.23%
8	City Union Bank Limited ₹20.04 Cr	Banks	1.67%	1.82%	+0.15%
9	State Bank of India ₹28.20 Cr	Banks	2.42%	2.56%	+0.14%
10	Aurobindo Pharma Limited ₹11.87 Cr	Pharmaceuticals & Biotechnology	0.96%	1.08%	+0.12%
11	Jindal Saw Limited ₹6.85 Cr	Industrial Products	0.50%	0.62%	+0.12%
12	Sundaram Clayton Limited ₹17.23 Cr	Auto Components	1.46%	1.57%	+0.11%
13	Tega Industries Limited ₹11.81 Cr	Industrial Manufacturing	0.96%	1.07%	+0.11%
14	Meghmani Finechem Limited ₹9.80 Cr	Chemicals & Petrochemicals	0.78%	0.89%	+0.11%
15	Tata Technologies Limited ₹8.98 Cr	IT - Services	0.71%	0.82%	+0.11%
16	Mphasis Limited ₹15.46 Cr	IT - Software	1.32%	1.41%	+0.09%
17	Bharat Electronics Limited ₹11.45 Cr	Aerospace & Defense	0.95%	1.04%	+0.09%
18	The Phoenix Mills Limited ₹8.96 Cr	Realty	0.72%	0.81%	+0.09%
19	Infosys Limited ₹30.82 Cr	IT - Software	2.72%	2.80%	+0.08%
20	Glenmark Pharmaceuticals Limited ₹6.32 Cr	Pharmaceuticals & Biotechnology	0.49%	0.57%	+0.08%
21	Garware Technical Fibres Limited ₹5.54 Cr	Textiles & Apparels	0.43%	0.50%	+0.07%
22	Divi's Laboratories Limited ₹4.96 Cr	Pharmaceuticals & Biotechnology	0.38%	0.45%	+0.07%
23	IDFC First Bank Limited ₹21.79 Cr	Banks	1.92%	1.98%	+0.06%
24	SHARDA CROPCHEM LIMITED ₹5.38 Cr	Fertilizers & Agrochemicals	0.43%	0.49%	+0.06%
25	Reliance Industries Limited ₹48.64 Cr	Petroleum Products	4.37%	4.42%	+0.05%
26	Tata Consultancy Services Limited ₹15.86 Cr	IT - Software	1.39%	1.44%	+0.05%
27	FSN E-Commerce Ventures Limited ₹8.24 Cr	Retailing	0.70%	0.75%	+0.05%
28	InterGlobe Aviation Limited ₹16.54 Cr	Transport Services	1.46%	1.50%	+0.04%
29	PTC India Financial Services Limited ₹12.64 Cr	Finance	1.11%	1.15%	+0.04%
30	HDFC Life Insurance Company Limited ₹8.53 Cr	Insurance	0.74%	0.78%	+0.04%
31	CG Power and Industrial Solutions Limited ₹4.80 Cr	Electrical Equipment	0.40%	0.44%	+0.04%
32	Fortis Healthcare Limited ₹18.58 Cr	Healthcare Services	1.67%	1.69%	+0.02%
33	Arvind Fashions Limited ₹7.81 Cr	Retailing	0.69%	0.71%	+0.02%
34	IndusInd Bank Limited ₹7.14 Cr	Banks	0.63%	0.65%	+0.02%
35	NTPC Green Energy Limited ₹6.45 Cr	Power	0.57%	0.59%	+0.02%
36	TeamLease Services Limited ₹4.15 Cr	Commercial Services & Supplies	0.36%	0.38%	+0.02%
37	Aditya Birla Sun Life AMC Limited ₹3.06 Cr	Capital Markets	0.26%	0.28%	+0.02%
38	Dalmia Bharat Limited ₹2.20 Cr	Cement & Cement Products	0.18%	0.20%	+0.02%
39	Cohance Lifesciences Limited ₹1.88 Cr	Pharmaceuticals & Biotechnology	0.15%	0.17%	+0.02%
40	Ujjivan Small Finance Bank Limited ₹10.46 Cr	Banks	0.94%	0.95%	+0.01%
41	KNR Constructions Limited ₹4.44 Cr	Construction	0.39%	0.40%	+0.01%
42	Talwandi Sabo Power Limited ₹3.77 Cr	Power	0.33%	0.34%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Wipro Limited ₹3.63 Cr	IT - Software	0.98%	0.33%	-0.65%
2	Power Mech Projects Limited ₹4.60 Cr	Construction	0.85%	0.42%	-0.43%
3	General Insurance Corporation of India ₹5.29 Cr	Insurance	0.89%	0.48%	-0.41%
4	Thirumalai Chemicals Ltd ₹2.57 Cr	Chemicals & Petrochemicals	0.54%	0.23%	-0.31%
5	Bharti Airtel Limited ₹37.91 Cr	Telecom - Services	3.68%	3.45%	-0.23%
6	ICICI Bank Limited ₹47.06 Cr	Banks	4.47%	4.28%	-0.19%
7	Coromandel International Limited ₹12.57 Cr	Fertilizers & Agrochemicals	1.31%	1.14%	-0.17%
8	HDFC Bank Limited ₹50.17 Cr	Banks	4.69%	4.56%	-0.13%
9	Bajaj Finance Limited ₹40.10 Cr	Finance	3.77%	3.65%	-0.12%
10	PNC Infratech Limited ₹4.60 Cr	Construction	0.52%	0.42%	-0.10%
11	KEC International Limited ₹9.19 Cr	Construction	0.92%	0.84%	-0.08%
12	Torrent Power Limited ₹7.58 Cr	Power	0.77%	0.69%	-0.08%
13	Hero MotoCorp Limited ₹10.39 Cr	Automobiles	1.01%	0.94%	-0.07%
14	Adani Ports and Special Economic Zone Limited ₹15.86 Cr	Transport Infrastructure	1.50%	1.44%	-0.06%
15	GMR Airports Limited ₹9.02 Cr	Transport Infrastructure	0.88%	0.82%	-0.06%
16	Metropolis Healthcare Limited ₹10.13 Cr	Healthcare Services	0.97%	0.92%	-0.05%
17	Tata Power Company Limited ₹12.47 Cr	Power	1.17%	1.13%	-0.04%
18	Varun Beverages Limited ₹8.62 Cr	Beverages	0.82%	0.78%	-0.04%
19	Excelsoft Technologies Limited ₹2.30 Cr	IT - Services	0.25%	0.21%	-0.04%
20	Shriram Finance Limited ₹11.16 Cr	Finance	1.03%	1.01%	-0.02%
21	UPL Limited ₹11.07 Cr	Fertilizers & Agrochemicals	1.03%	1.01%	-0.02%
22	Cipla Limited ₹7.67 Cr	Pharmaceuticals & Biotechnology	0.72%	0.70%	-0.02%
23	SBI Life Insurance Company Limited ₹7.65 Cr	Insurance	0.72%	0.70%	-0.02%
24	Ideaforge Technology Limited ₹4.98 Cr	Aerospace & Defense	0.47%	0.45%	-0.02%
25	Bajaj Finserv Limited ₹2.04 Cr	Finance	0.21%	0.19%	-0.02%
26	Acme Solar Holdings Ltd ₹19.06 Cr	Power	1.74%	1.73%	-0.01%
27	Maruti Suzuki India Limited ₹11.50 Cr	Automobiles	1.06%	1.05%	-0.01%
28	JSW Energy Limited ₹4.19 Cr	Power	0.39%	0.38%	-0.01%
29	Ambuja Cements Limited ₹3.43 Cr	Cement & Cement Products	0.32%	0.31%	-0.01%

What Stocks Does This Fund Hold?

86 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	Axis Bank Limited ₹57.88 Cr	Banks	5.26%
2	HDFC Bank Limited ₹50.17 Cr	Banks	4.56%
3	Reliance Industries Limited ₹48.64 Cr	Petroleum Products	4.42%
4	ICICI Bank Limited ₹47.06 Cr	Banks	4.28%
5	One 97 Communications Limited ₹41.11 Cr	Financial Technology (Fintech)	3.74%
6	Bajaj Finance Limited ₹40.10 Cr	Finance	3.65%
7	Bharti Airtel Limited ₹37.91 Cr	Telecom - Services	3.45%
8	Larsen & Toubro Limited ₹35.40 Cr	Construction	3.22%
9	NTPC Limited ₹33.88 Cr	Power	3.08%
10	Infosys Limited ₹30.82 Cr	IT - Software	2.80%
11	Kotak Mahindra Bank Limited ₹28.76 Cr	Banks	2.61%
12	State Bank of India ₹28.20 Cr	Banks	2.56%
13	UltraTech Cement Limited ₹22.00 Cr	Cement & Cement Products	2.00%
14	IDFC First Bank Limited ₹21.79 Cr	Banks	1.98%
15	City Union Bank Limited ₹20.04 Cr	Banks	1.82%
16	Acme Solar Holdings Ltd ₹19.06 Cr	Power	1.73%
17	Fortis Healthcare Limited ₹18.58 Cr	Healthcare Services	1.69%
18	Sundaram Clayton Limited ₹17.23 Cr	Auto Components	1.57%
19	InterGlobe Aviation Limited ₹16.54 Cr	Transport Services	1.50%
20	Tata Consultancy Services Limited ₹15.86 Cr	IT - Software	1.44%
21	Adani Ports and Special Economic Zone Limited ₹15.86 Cr	Transport Infrastructure	1.44%
22	Mphasis Limited ₹15.46 Cr	IT - Software	1.41%
23	Piramal Finance Ltd ₹13.63 Cr	Finance	1.24%
24	Fusion Finance Ltd ₹13.11 Cr	Finance	1.19%
25	PTC India Financial Services Limited ₹12.64 Cr	Finance	1.15%
26	Coromandel International Limited ₹12.57 Cr	Fertilizers & Agrochemicals	1.14%
27	Tata Power Company Limited ₹12.47 Cr	Power	1.13%
28	Aurobindo Pharma Limited ₹11.87 Cr	Pharmaceuticals & Biotechnology	1.08%
29	Tega Industries Limited ₹11.81 Cr	Industrial Manufacturing	1.07%
30	Maruti Suzuki India Limited ₹11.50 Cr	Automobiles	1.05%
31	Bharat Electronics Limited ₹11.45 Cr	Aerospace & Defense	1.04%
32	UPL Limited ₹11.07 Cr	Fertilizers & Agrochemicals	1.01%
33	Shriram Finance Limited ₹11.16 Cr	Finance	1.01%
34	Ujjivan Small Finance Bank Limited ₹10.46 Cr	Banks	0.95%
35	Hero MotoCorp Limited ₹10.39 Cr	Automobiles	0.94%
36	Metropolis Healthcare Limited ₹10.13 Cr	Healthcare Services	0.92%
37	Meghmani Finechem Limited ₹9.80 Cr	Chemicals & Petrochemicals	0.89%
38	Bank of India ₹9.66 Cr	Banks	0.88%
39	KEC International Limited ₹9.19 Cr	Construction	0.84%
40	Tata Technologies Limited ₹8.98 Cr	IT - Services	0.82%
41	GMR Airports Limited ₹9.02 Cr	Transport Infrastructure	0.82%
42	The Phoenix Mills Limited ₹8.96 Cr	Realty	0.81%
43	HDFC Life Insurance Company Limited ₹8.53 Cr	Insurance	0.78%
44	Varun Beverages Limited ₹8.62 Cr	Beverages	0.78%
45	FSN E-Commerce Ventures Limited ₹8.24 Cr	Retailing	0.75%
46	Swiggy Limited ₹8.16 Cr	Retailing	0.74%
47	Can Fin Homes Limited ₹7.90 Cr	Finance	0.72%
48	Arvind Fashions Limited ₹7.81 Cr	Retailing	0.71%
49	SBI Life Insurance Company Limited ₹7.65 Cr	Insurance	0.70%
50	Cipla Limited ₹7.67 Cr	Pharmaceuticals & Biotechnology	0.70%
51	Torrent Power Limited ₹7.58 Cr	Power	0.69%
52	IndusInd Bank Limited ₹7.14 Cr	Banks	0.65%
53	United Spirits Limited ₹7.15 Cr	Beverages	0.65%
54	Jindal Saw Limited ₹6.85 Cr	Industrial Products	0.62%
55	NTPC Green Energy Limited ₹6.45 Cr	Power	0.59%
56	Glenmark Pharmaceuticals Limited ₹6.32 Cr	Pharmaceuticals & Biotechnology	0.57%
57	Vedanta Limited ₹5.99 Cr	Diversified Metals	0.54%
58	Sequent Scientific Limited ₹5.60 Cr	Pharmaceuticals & Biotechnology	0.51%
59	Garware Technical Fibres Limited ₹5.54 Cr	Textiles & Apparels	0.50%
60	SHARDA CROPCHEM LIMITED ₹5.38 Cr	Fertilizers & Agrochemicals	0.49%
61	Shiprocket Limited ₹5.27 Cr	Transport Services	0.48%
62	General Insurance Corporation of India ₹5.29 Cr	Insurance	0.48%
63	Divi's Laboratories Limited ₹4.96 Cr	Pharmaceuticals & Biotechnology	0.45%
64	Ideaforge Technology Limited ₹4.98 Cr	Aerospace & Defense	0.45%
65	CG Power and Industrial Solutions Limited ₹4.80 Cr	Electrical Equipment	0.44%
66	PNC Infratech Limited ₹4.60 Cr	Construction	0.42%
67	Power Mech Projects Limited ₹4.60 Cr	Construction	0.42%
68	GPT Infraprojects Limited ₹4.47 Cr	Construction	0.41%
69	KNR Constructions Limited ₹4.44 Cr	Construction	0.40%
70	TeamLease Services Limited ₹4.15 Cr	Commercial Services & Supplies	0.38%
71	JSW Energy Limited ₹4.19 Cr	Power	0.38%
72	ICICI Lombard General Insurance Company Limited ₹3.82 Cr	Insurance	0.35%
73	Talwandi Sabo Power Limited ₹3.77 Cr	Power	0.34%
74	Wipro Limited ₹3.63 Cr	IT - Software	0.33%
75	Angel One Limited ₹3.38 Cr	Capital Markets	0.31%
76	Ambuja Cements Limited ₹3.43 Cr	Cement & Cement Products	0.31%
77	Aditya Birla Sun Life AMC Limited ₹3.06 Cr	Capital Markets	0.28%
78	Amara Raja Energy & Mobility Ltd ₹3.10 Cr	Auto Components	0.28%
79	Thirumalai Chemicals Ltd ₹2.57 Cr	Chemicals & Petrochemicals	0.23%
80	Excelsoft Technologies Limited ₹2.30 Cr	IT - Services	0.21%
81	Dalmia Bharat Limited ₹2.20 Cr	Cement & Cement Products	0.20%
82	Bajaj Finserv Limited ₹2.04 Cr	Finance	0.19%
83	Cohance Lifesciences Limited ₹1.88 Cr	Pharmaceuticals & Biotechnology	0.17%
84	Brigade Enterprises Limited ₹1.06 Cr	Realty	0.10%
85	IIFL Finance Limited ₹0.05 L	Finance	0.00%
86	Cholamandalam Financial Holdings Limited ₹3.92 L	Finance	0.00%