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 Oct 2026 Comparing Sep 2026 → Oct 2026

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Stocks Held

Oct 2026

Equity Holdings

₹960.18 Cr

Equity only, excl. debt & cash

AAUM

₹1,123.88 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

23.6%

Diversified

Top 10 Weight

39.8%

Diversified

Changes

11 new · 4 exits

Top Sector

Banks

26.2% of portfolio

Launch Date

10 Sep 2024

2 years old

AAUM (Average Assets Under Management) of ₹1,123.88 Cr for Jul-Sep 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 11 new additions and exited 4 stocks this month. The biggest new buy was Zydus Lifesciences Limited (Pharmaceuticals & Biotechnology) at 0.53% weight. NTPC Green Energy Limited was the biggest exit (Power), which was held at 0.65%. Among existing holdings, Infosys Limited saw the biggest increase — now at 3.18% of the portfolio. City Union Bank Limited was trimmed the most, now at 1.03%. Axis Bank Limited remains the top holding with Banks the dominant sector at 26.2%. ↓ 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

+6.45%

+1.87%

+8.65%

+0.07%

Latest NAV

₹10.39

13 Nov 2026

52W High

₹10.53

-1% from High

52W Low

₹8.68

+20% 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

2.4%

+ve in 66% windows

14.0% / -9.4%

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 ₹10.39 13 Nov 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: ₹10.39

Sector Shift Industry allocation month-over-month

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	25.6%	26.3%	▲ +0.8%
Finance	9.2%	9.2%	● +0.1%
Power	7.9%	8.7%	▲ +0.8%
IT - Software	6.0%	5.3%	▼ -0.7%
Construction	5.7%	5.2%	▼ -0.6%
Petroleum Products	4.4%	4.5%	● +0.1%
Pharmaceuticals & Biotechnology	3.5%	4.1%	▲ +0.6%
Telecom - Services	3.5%	3.6%	▲ +0.2%
Financial Technology (Fintech)	3.7%	3.4%	▼ -0.4%
Fertilizers & Agrochemicals	2.6%	2.7%	● +0.0%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	26.3%	26.2%	▼ -0.2%
Finance	9.2%	8.3%	▼ -0.9%
Power	8.7%	7.9%	▼ -0.9%
IT - Software	5.3%	6.3%	▲ +1.0%
Pharmaceuticals & Biotechnology	4.1%	5.0%	▲ +0.9%
Construction	5.2%	4.7%	▼ -0.4%
Petroleum Products	4.5%	4.5%	● +0.0%
Telecom - Services	3.6%	4.1%	▲ +0.5%
Financial Technology (Fintech)	3.4%	3.1%	▼ -0.2%
Transport Infrastructure	2.6%	2.6%	● 0.0%

🟢

Biggest New Buy

Zydus Lifesciences Limited

0.53% weight · Pharmaceuticals & Biotechnology

🔴

Biggest Exit

NTPC Green Energy Limited

0.65% was held · Power

↑

Biggest Add

Infosys Limited

+0.54% · now 3.18%

↓

Biggest Trim

City Union Bank Limited

-0.73% · now 1.03%

🤝 Other funds also bought this month

Zydus Lifesciences Limited 38 funds

Coal India Limited 29 funds

Eicher Motors Limited 26 funds

The Federal Bank Limited 24 funds

Premier Energies Limited 19 funds

Indian Bank 17 funds

👋 Other funds also exited

Angel One Limited 13 funds

Gokaldas Exports Limited 12 funds

Amara Raja Energy & Mobility Ltd 8 funds

NTPC Green Energy Limited 8 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 11 New Entries 🔴 4 Exits ↑ 22 Increased ↓ 50 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	Zydus Lifesciences Limited ₹5.14 Cr	Pharmaceuticals & Biotechnology	0.53%
2	The Federal Bank Limited ₹3.96 Cr	Banks	0.41%
3	V-Guard Industries Limited ₹3.50 Cr	Consumer Durables	0.36%
4	Bharat Forge Limited ₹3.04 Cr	Auto Components	0.31%
5	Coal India Limited ₹2.91 Cr	Consumable Fuels	0.30%
6	Eicher Motors Limited ₹2.58 Cr	Automobiles	0.26%
7	Sapphire Foods India Limited ₹1.46 Cr	Leisure Services	0.15%
8	Star Health And Allied Insurance Company Limited ₹1.16 Cr	Insurance	0.12%
9	Indian Bank ₹1.12 Cr	Banks	0.11%
10	Premier Energies Limited ₹72.38 L	Electrical Equipment	0.07%
11	Wockhardt Limited ₹34.70 L	Pharmaceuticals & Biotechnology	0.04%

#	Stock	Sector	Last Weight (Sep 2026)
1	NTPC Green Energy Limited ₹6.56 Cr	Power	0.65%
2	Angel One Limited ₹2.60 Cr	Capital Markets	0.26%
3	Amara Raja Energy & Mobility Ltd ₹2.59 Cr	Auto Components	0.26%
4	Gokaldas Exports Limited ₹85.98 L	Textiles & Apparels	0.09%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Infosys Limited ₹31.10 Cr	IT - Software	2.64%	3.18%	+0.54%
2	Bharti Airtel Limited ₹40.13 Cr	Telecom - Services	3.63%	4.11%	+0.48%
3	Dr. Reddy's Laboratories Limited ₹5.51 Cr	Pharmaceuticals & Biotechnology	0.25%	0.56%	+0.31%
4	Tata Consultancy Services Limited ₹15.55 Cr	IT - Software	1.32%	1.59%	+0.27%
5	Orient Cables India Limited ₹11.39 Cr	Industrial Products	0.90%	1.17%	+0.27%
6	ICICI Lombard General Insurance Company Limited ₹7.47 Cr	Insurance	0.51%	0.76%	+0.25%
7	ICICI Bank Limited ₹42.86 Cr	Banks	4.16%	4.39%	+0.23%
8	Kotak Mahindra Bank Limited ₹28.69 Cr	Banks	2.71%	2.94%	+0.23%
9	Page Industries Limited ₹2.19 Cr	Textiles & Apparels	0.04%	0.22%	+0.18%
10	Mphasis Limited ₹14.51 Cr	IT - Software	1.33%	1.49%	+0.16%
11	FSN E-Commerce Ventures Limited ₹7.92 Cr	Retailing	0.73%	0.81%	+0.08%
12	Adani Ports and Special Economic Zone Limited ₹17.40 Cr	Transport Infrastructure	1.72%	1.78%	+0.06%
13	Bank of India ₹9.52 Cr	Banks	0.92%	0.97%	+0.05%
14	Cipla Limited ₹7.31 Cr	Pharmaceuticals & Biotechnology	0.71%	0.75%	+0.04%
15	Larsen & Toubro Limited ₹29.87 Cr	Construction	3.03%	3.06%	+0.03%
16	State Bank of India ₹24.74 Cr	Banks	2.50%	2.53%	+0.03%
17	HDFC Life Insurance Company Limited ₹8.59 Cr	Insurance	0.85%	0.88%	+0.03%
18	Divi's Laboratories Limited ₹5.02 Cr	Pharmaceuticals & Biotechnology	0.48%	0.51%	+0.03%
19	Fortis Healthcare Limited ₹15.55 Cr	Healthcare Services	1.56%	1.59%	+0.03%
20	Aurobindo Pharma Limited ₹11.27 Cr	Pharmaceuticals & Biotechnology	1.13%	1.15%	+0.02%
21	Reliance Industries Limited ₹44.19 Cr	Petroleum Products	4.51%	4.52%	+0.01%
22	Cohance Lifesciences Limited ₹3.56 Cr	Pharmaceuticals & Biotechnology	0.35%	0.36%	+0.01%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	City Union Bank Limited ₹10.04 Cr	Banks	1.76%	1.03%	-0.73%
2	Swiggy Limited ₹3.76 Cr	Retailing	0.71%	0.38%	-0.33%
3	Fusion Finance Ltd ₹8.46 Cr	Finance	1.14%	0.87%	-0.27%
4	InterGlobe Aviation Limited ₹12.47 Cr	Transport Services	1.54%	1.28%	-0.26%
5	Sundaram Clayton Limited ₹13.07 Cr	Auto Components	1.60%	1.34%	-0.26%
6	Power Mech Projects Limited ₹1.35 Cr	Construction	0.39%	0.14%	-0.25%
7	PTC India Financial Services Limited ₹10.94 Cr	Finance	1.36%	1.12%	-0.24%
8	One 97 Communications Limited ₹30.50 Cr	Financial Technology (Fintech)	3.35%	3.12%	-0.23%
9	Meghmani Finechem Limited ₹5.66 Cr	Chemicals & Petrochemicals	0.81%	0.58%	-0.23%
10	Coromandel International Limited ₹8.68 Cr	Fertilizers & Agrochemicals	1.11%	0.89%	-0.22%
11	Hero MotoCorp Limited ₹2.93 Cr	Automobiles	0.50%	0.30%	-0.20%
12	Ujjivan Small Finance Bank Limited ₹7.55 Cr	Banks	0.97%	0.77%	-0.20%
13	IDFC First Bank Limited ₹17.86 Cr	Banks	2.02%	1.83%	-0.19%
14	Jindal Saw Limited ₹4.07 Cr	Industrial Products	0.60%	0.42%	-0.18%
15	Shriram Finance Limited ₹7.74 Cr	Finance	0.96%	0.79%	-0.17%
16	Whirlpool of India Limited ₹2.72 Cr	Consumer Durables	0.43%	0.28%	-0.15%
17	Varun Beverages Limited ₹7.47 Cr	Beverages	0.90%	0.76%	-0.14%
18	UPL Limited ₹8.90 Cr	Fertilizers & Agrochemicals	1.04%	0.91%	-0.13%
19	KEC International Limited ₹6.94 Cr	Construction	0.83%	0.71%	-0.12%
20	Piramal Finance Ltd ₹10.34 Cr	Finance	1.18%	1.06%	-0.12%
21	Acme Solar Holdings Ltd ₹18.81 Cr	Power	2.03%	1.93%	-0.10%
22	Tata Technologies Limited ₹6.38 Cr	IT - Services	0.74%	0.65%	-0.09%
23	Metropolis Healthcare Limited ₹6.75 Cr	Healthcare Services	0.78%	0.69%	-0.09%
24	UltraTech Cement Limited ₹19.44 Cr	Cement & Cement Products	2.07%	1.99%	-0.08%
25	GMR Airports Limited ₹7.98 Cr	Transport Infrastructure	0.90%	0.82%	-0.08%
26	Can Fin Homes Limited ₹5.97 Cr	Finance	0.69%	0.61%	-0.08%
27	HDFC Bank Limited ₹50.88 Cr	Banks	5.28%	5.21%	-0.07%
28	Ideaforge Technology Limited ₹3.75 Cr	Aerospace & Defense	0.45%	0.38%	-0.07%
29	Vedanta Limited ₹5.97 Cr	Diversified Metals	0.67%	0.61%	-0.06%
30	Arvind Fashions Limited ₹4.38 Cr	Retailing	0.51%	0.45%	-0.06%
31	KNR Constructions Limited ₹3.48 Cr	Construction	0.42%	0.36%	-0.06%
32	Sequent Scientific Limited ₹4.27 Cr	Pharmaceuticals & Biotechnology	0.50%	0.44%	-0.06%
33	Tata Power Company Limited ₹11.95 Cr	Power	1.27%	1.22%	-0.05%
34	NTPC Limited ₹31.70 Cr	Power	3.28%	3.24%	-0.04%
35	Bharat Electronics Limited ₹9.79 Cr	Aerospace & Defense	1.04%	1.00%	-0.04%
36	United Spirits Limited ₹5.75 Cr	Beverages	0.63%	0.59%	-0.04%
37	CG Power and Industrial Solutions Limited ₹3.87 Cr	Electrical Equipment	0.44%	0.40%	-0.04%
38	Torrent Power Limited ₹7.16 Cr	Power	0.77%	0.73%	-0.04%
39	Dalmia Bharat Limited ₹1.55 Cr	Cement & Cement Products	0.20%	0.16%	-0.04%
40	Maruti Suzuki India Limited ₹9.39 Cr	Automobiles	0.99%	0.96%	-0.03%
41	IndusInd Bank Limited ₹6.33 Cr	Banks	0.68%	0.65%	-0.03%
42	SHARDA CROPCHEM LIMITED ₹4.66 Cr	Fertilizers & Agrochemicals	0.51%	0.48%	-0.03%
43	Axis Bank Limited ₹52.00 Cr	Banks	5.34%	5.32%	-0.02%
44	Ambuja Cements Limited ₹2.93 Cr	Cement & Cement Products	0.32%	0.30%	-0.02%
45	The Phoenix Mills Limited ₹8.74 Cr	Realty	0.91%	0.89%	-0.02%
46	SBI Cards and Payment Services Limited ₹2.61 Cr	Finance	0.29%	0.27%	-0.02%
47	TeamLease Services Limited ₹3.29 Cr	Commercial Services & Supplies	0.36%	0.34%	-0.02%
48	Garware Technical Fibres Limited ₹4.92 Cr	Textiles & Apparels	0.52%	0.50%	-0.02%
49	GPT Infraprojects Limited ₹4.53 Cr	Construction	0.48%	0.46%	-0.02%
50	SBI Life Insurance Company Limited ₹7.57 Cr	Insurance	0.78%	0.77%	-0.01%

What Stocks Does This Fund Hold?

88 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	Axis Bank Limited ₹52.00 Cr	Banks	5.32%
2	HDFC Bank Limited ₹50.88 Cr	Banks	5.21%
3	Reliance Industries Limited ₹44.19 Cr	Petroleum Products	4.52%
4	ICICI Bank Limited ₹42.86 Cr	Banks	4.39%
5	Bharti Airtel Limited ₹40.13 Cr	Telecom - Services	4.11%
6	Bajaj Finance Limited ₹35.31 Cr	Finance	3.61%
7	NTPC Limited ₹31.70 Cr	Power	3.24%
8	Infosys Limited ₹31.10 Cr	IT - Software	3.18%
9	One 97 Communications Limited ₹30.50 Cr	Financial Technology (Fintech)	3.12%
10	Larsen & Toubro Limited ₹29.87 Cr	Construction	3.06%
11	Kotak Mahindra Bank Limited ₹28.69 Cr	Banks	2.94%
12	State Bank of India ₹24.74 Cr	Banks	2.53%
13	UltraTech Cement Limited ₹19.44 Cr	Cement & Cement Products	1.99%
14	Acme Solar Holdings Ltd ₹18.81 Cr	Power	1.93%
15	IDFC First Bank Limited ₹17.86 Cr	Banks	1.83%
16	Adani Ports and Special Economic Zone Limited ₹17.40 Cr	Transport Infrastructure	1.78%
17	Tata Consultancy Services Limited ₹15.55 Cr	IT - Software	1.59%
18	Fortis Healthcare Limited ₹15.55 Cr	Healthcare Services	1.59%
19	Mphasis Limited ₹14.51 Cr	IT - Software	1.49%
20	Sundaram Clayton Limited ₹13.07 Cr	Auto Components	1.34%
21	InterGlobe Aviation Limited ₹12.47 Cr	Transport Services	1.28%
22	Tata Power Company Limited ₹11.95 Cr	Power	1.22%
23	Orient Cables India Limited ₹11.39 Cr	Industrial Products	1.17%
24	Aurobindo Pharma Limited ₹11.27 Cr	Pharmaceuticals & Biotechnology	1.15%
25	PTC India Financial Services Limited ₹10.94 Cr	Finance	1.12%
26	Piramal Finance Ltd ₹10.34 Cr	Finance	1.06%
27	City Union Bank Limited ₹10.04 Cr	Banks	1.03%
28	Bharat Electronics Limited ₹9.79 Cr	Aerospace & Defense	1.00%
29	Bank of India ₹9.52 Cr	Banks	0.97%
30	Maruti Suzuki India Limited ₹9.39 Cr	Automobiles	0.96%
31	UPL Limited ₹8.90 Cr	Fertilizers & Agrochemicals	0.91%
32	Coromandel International Limited ₹8.68 Cr	Fertilizers & Agrochemicals	0.89%
33	The Phoenix Mills Limited ₹8.74 Cr	Realty	0.89%
34	HDFC Life Insurance Company Limited ₹8.59 Cr	Insurance	0.88%
35	Fusion Finance Ltd ₹8.46 Cr	Finance	0.87%
36	GMR Airports Limited ₹7.98 Cr	Transport Infrastructure	0.82%
37	FSN E-Commerce Ventures Limited ₹7.92 Cr	Retailing	0.81%
38	Shriram Finance Limited ₹7.74 Cr	Finance	0.79%
39	SBI Life Insurance Company Limited ₹7.57 Cr	Insurance	0.77%
40	Ujjivan Small Finance Bank Limited ₹7.55 Cr	Banks	0.77%
41	Varun Beverages Limited ₹7.47 Cr	Beverages	0.76%
42	ICICI Lombard General Insurance Company Limited ₹7.47 Cr	Insurance	0.76%
43	Cipla Limited ₹7.31 Cr	Pharmaceuticals & Biotechnology	0.75%
44	Torrent Power Limited ₹7.16 Cr	Power	0.73%
45	KEC International Limited ₹6.94 Cr	Construction	0.71%
46	Metropolis Healthcare Limited ₹6.75 Cr	Healthcare Services	0.69%
47	Glenmark Pharmaceuticals Limited ₹6.70 Cr	Pharmaceuticals & Biotechnology	0.69%
48	IndusInd Bank Limited ₹6.33 Cr	Banks	0.65%
49	Tata Technologies Limited ₹6.38 Cr	IT - Services	0.65%
50	Can Fin Homes Limited ₹5.97 Cr	Finance	0.61%
51	Vedanta Limited ₹5.97 Cr	Diversified Metals	0.61%
52	United Spirits Limited ₹5.75 Cr	Beverages	0.59%
53	Meghmani Finechem Limited ₹5.66 Cr	Chemicals & Petrochemicals	0.58%
54	Dr. Reddy's Laboratories Limited ₹5.51 Cr	Pharmaceuticals & Biotechnology	0.56%
55	Zydus Lifesciences Limited ₹5.14 Cr	Pharmaceuticals & Biotechnology	0.53%
56	Divi's Laboratories Limited ₹5.02 Cr	Pharmaceuticals & Biotechnology	0.51%
57	Garware Technical Fibres Limited ₹4.92 Cr	Textiles & Apparels	0.50%
58	SHARDA CROPCHEM LIMITED ₹4.66 Cr	Fertilizers & Agrochemicals	0.48%
59	GPT Infraprojects Limited ₹4.53 Cr	Construction	0.46%
60	Arvind Fashions Limited ₹4.38 Cr	Retailing	0.45%
61	Sequent Scientific Limited ₹4.27 Cr	Pharmaceuticals & Biotechnology	0.44%
62	Jindal Saw Limited ₹4.07 Cr	Industrial Products	0.42%
63	The Federal Bank Limited ₹3.96 Cr	Banks	0.41%
64	CG Power and Industrial Solutions Limited ₹3.87 Cr	Electrical Equipment	0.40%
65	JSW Energy Limited ₹3.85 Cr	Power	0.39%
66	Swiggy Limited ₹3.76 Cr	Retailing	0.38%
67	Ideaforge Technology Limited ₹3.75 Cr	Aerospace & Defense	0.38%
68	V-Guard Industries Limited ₹3.50 Cr	Consumer Durables	0.36%
69	KNR Constructions Limited ₹3.48 Cr	Construction	0.36%
70	Cohance Lifesciences Limited ₹3.56 Cr	Pharmaceuticals & Biotechnology	0.36%
71	Talwandi Sabo Power Limited ₹3.38 Cr	Power	0.35%
72	TeamLease Services Limited ₹3.29 Cr	Commercial Services & Supplies	0.34%
73	Bharat Forge Limited ₹3.04 Cr	Auto Components	0.31%
74	Hero MotoCorp Limited ₹2.93 Cr	Automobiles	0.30%
75	Ambuja Cements Limited ₹2.93 Cr	Cement & Cement Products	0.30%
76	Coal India Limited ₹2.91 Cr	Consumable Fuels	0.30%
77	Whirlpool of India Limited ₹2.72 Cr	Consumer Durables	0.28%
78	SBI Cards and Payment Services Limited ₹2.61 Cr	Finance	0.27%
79	Eicher Motors Limited ₹2.58 Cr	Automobiles	0.26%
80	Shiprocket Limited ₹2.40 Cr	Transport Services	0.25%
81	Page Industries Limited ₹2.19 Cr	Textiles & Apparels	0.22%
82	Dalmia Bharat Limited ₹1.55 Cr	Cement & Cement Products	0.16%
83	Sapphire Foods India Limited ₹1.46 Cr	Leisure Services	0.15%
84	Power Mech Projects Limited ₹1.35 Cr	Construction	0.14%
85	Star Health And Allied Insurance Company Limited ₹1.16 Cr	Insurance	0.12%
86	Indian Bank ₹1.12 Cr	Banks	0.11%
87	Premier Energies Limited ₹72.38 L	Electrical Equipment	0.07%
88	Wockhardt Limited ₹34.70 L	Pharmaceuticals & Biotechnology	0.04%