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 Jul 2026 Comparing Jun 2026 → Jul 2026

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Stocks Held

Jul 2026

Equity Holdings

₹1,157.64 Cr

Equity only, excl. debt & cash

AAUM

₹1,205.65 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

22.1%

Diversified

Top 10 Weight

37.8%

Diversified

Changes

5 new · 4 exits

Top Sector

Banks

24.5% 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 5 new additions and exited 4 stocks this month. The biggest new buy was Bank of India (Banks) at 0.61% weight. Samvardhana Motherson International Limited was the biggest exit (Auto Components), which was held at 0.59%. Among existing holdings, Bajaj Finance Limited saw the biggest increase — now at 3.77% of the portfolio. IIFL Finance Limited was trimmed the most, now at 0.00%. Axis Bank Limited remains the top holding with Banks the dominant sector at 24.5%. ↓ 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

+2.12%

+3.99%

+1.17%

+0.77%

Latest NAV

₹10.18

24 Aug 2026

52W High

₹10.53

-3% from High

52W Low

₹8.67

+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

3.7%

+ve in 74% 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 ₹10.18 24 Aug 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: ₹10.18

Sector Shift Industry allocation month-over-month

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	22.2%	24.4%	▲ +2.2%
Finance	8.7%	8.5%	▼ -0.2%
Power	7.5%	7.8%	▲ +0.2%
Construction	6.3%	6.5%	▲ +0.2%
IT - Software	5.9%	5.8%	▼ -0.1%
Petroleum Products	3.9%	4.2%	▲ +0.3%
Telecom - Services	3.4%	3.4%	● +0.0%
Financial Technology (Fintech)	3.4%	3.2%	▼ -0.1%
Pharmaceuticals & Biotechnology	4.6%	3.2%	▼ -1.4%
Fertilizers & Agrochemicals	3.0%	3.1%	▲ +0.1%

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%

🟢

Biggest New Buy

Bank of India

0.61% weight · Banks

🔴

Biggest Exit

Samvardhana Motherson International Limited

0.59% was held · Auto Components

↑

Biggest Add

Bajaj Finance Limited

+0.49% · now 3.77%

↓

Biggest Trim

IIFL Finance Limited

-0.71% · now 0.00%

🤝 Other funds also bought this month

Adani Enterprises Limited 73 funds

ICICI Lombard General Insurance Company Limited 18 funds

Bank of India 15 funds

Ideaforge Technology Limited 11 funds

Aditya Birla Sun Life AMC Limited 4 funds

👋 Other funds also exited

Samvardhana Motherson International Limited 28 funds

Tata Consumer Products Limited 26 funds

Jio Financial Services Limited 24 funds

Sona BLW Precision Forgings Limited 18 funds

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

🟢 5 New Entries 🔴 4 Exits ↑ 39 Increased ↓ 44 Decreased

#	Stock	Sector	Weight (Jul 2026)
1	Bank of India ₹7.13 Cr	Banks	0.61%
2	Ideaforge Technology Limited ₹5.50 Cr	Aerospace & Defense	0.47%
3	Adani Enterprises Limited ₹5.22 Cr	Metals & Minerals Trading	0.45%
4	ICICI Lombard General Insurance Company Limited ₹4.06 Cr	Insurance	0.35%
5	Aditya Birla Sun Life AMC Limited ₹2.98 Cr	Capital Markets	0.26%

#	Stock	Sector	Last Weight (Jun 2026)
1	Samvardhana Motherson International Limited ₹7.14 Cr	Auto Components	0.59%
2	Sona BLW Precision Forgings Limited ₹4.67 Cr	Auto Components	0.39%
3	Jio Financial Services Limited ₹2.82 Cr	Finance	0.23%
4	Tata Consumer Products Limited ₹2.29 Cr	Agricultural Food & other Products	0.19%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Bajaj Finance Limited ₹43.92 Cr	Finance	3.28%	3.77%	+0.49%
2	One 97 Communications Limited ₹37.41 Cr	Financial Technology (Fintech)	2.75%	3.21%	+0.46%
3	Infosys Limited ₹31.68 Cr	IT - Software	2.40%	2.72%	+0.32%
4	IDFC First Bank Limited ₹22.35 Cr	Banks	1.60%	1.92%	+0.32%
5	Tata Power Company Limited ₹13.68 Cr	Power	0.91%	1.17%	+0.26%
6	Bharti Airtel Limited ₹42.95 Cr	Telecom - Services	3.44%	3.68%	+0.24%
7	ICICI Bank Limited ₹52.06 Cr	Banks	4.25%	4.47%	+0.22%
8	Tata Consultancy Services Limited ₹16.15 Cr	IT - Software	1.18%	1.39%	+0.21%
9	Reliance Industries Limited ₹50.93 Cr	Petroleum Products	4.17%	4.37%	+0.20%
10	NTPC Limited ₹35.93 Cr	Power	2.88%	3.08%	+0.20%
11	Fusion Finance Ltd ₹13.87 Cr	Finance	1.07%	1.19%	+0.12%
12	Hero MotoCorp Limited ₹11.79 Cr	Automobiles	0.89%	1.01%	+0.12%
13	Mphasis Limited ₹15.38 Cr	IT - Software	1.23%	1.32%	+0.09%
14	Metropolis Healthcare Limited ₹11.26 Cr	Healthcare Services	0.88%	0.97%	+0.09%
15	United Spirits Limited ₹7.57 Cr	Beverages	0.57%	0.65%	+0.08%
16	Kotak Mahindra Bank Limited ₹27.29 Cr	Banks	2.27%	2.34%	+0.07%
17	Tata Technologies Limited ₹8.32 Cr	IT - Services	0.64%	0.71%	+0.07%
18	SBI Life Insurance Company Limited ₹8.35 Cr	Insurance	0.66%	0.72%	+0.06%
19	FSN E-Commerce Ventures Limited ₹8.18 Cr	Retailing	0.65%	0.70%	+0.05%
20	Thirumalai Chemicals Ltd ₹6.29 Cr	Chemicals & Petrochemicals	0.50%	0.54%	+0.04%
21	PNC Infratech Limited ₹6.11 Cr	Construction	0.48%	0.52%	+0.04%
22	Torrent Power Limited ₹8.95 Cr	Power	0.74%	0.77%	+0.03%
23	Titan Company Limited ₹3.29 Cr	Consumer Durables	0.25%	0.28%	+0.03%
24	Amara Raja Energy & Mobility Ltd ₹3.29 Cr	Auto Components	0.25%	0.28%	+0.03%
25	State Bank of India ₹28.21 Cr	Banks	2.40%	2.42%	+0.02%
26	Aurobindo Pharma Limited ₹11.20 Cr	Pharmaceuticals & Biotechnology	0.94%	0.96%	+0.02%
27	Meghmani Finechem Limited ₹9.09 Cr	Chemicals & Petrochemicals	0.76%	0.78%	+0.02%
28	Glenmark Pharmaceuticals Limited ₹5.69 Cr	Pharmaceuticals & Biotechnology	0.47%	0.49%	+0.02%
29	Bajaj Finserv Limited ₹2.49 Cr	Finance	0.19%	0.21%	+0.02%
30	United Breweries Limited ₹2.08 Cr	Beverages	0.16%	0.18%	+0.02%
31	SBFC Finance Limited ₹57.31 L	Finance	0.03%	0.05%	+0.02%
32	Fortis Healthcare Limited ₹19.46 Cr	Healthcare Services	1.66%	1.67%	+0.01%
33	Maruti Suzuki India Limited ₹12.39 Cr	Automobiles	1.05%	1.06%	+0.01%
34	Shriram Finance Limited ₹12.04 Cr	Finance	1.02%	1.03%	+0.01%
35	Wipro Limited ₹11.41 Cr	IT - Software	0.97%	0.98%	+0.01%
36	IndusInd Bank Limited ₹7.40 Cr	Banks	0.62%	0.63%	+0.01%
37	Ambuja Cements Limited ₹3.77 Cr	Cement & Cement Products	0.31%	0.32%	+0.01%
38	Excelsoft Technologies Limited ₹2.96 Cr	IT - Services	0.24%	0.25%	+0.01%
39	Dalmia Bharat Limited ₹2.14 Cr	Cement & Cement Products	0.17%	0.18%	+0.01%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	IIFL Finance Limited ₹0.05 L	Finance	0.71%	0.00%	-0.71%
2	Axis Bank Limited ₹55.76 Cr	Banks	5.20%	4.78%	-0.42%
3	Divi's Laboratories Limited ₹4.39 Cr	Pharmaceuticals & Biotechnology	0.71%	0.38%	-0.33%
4	HDFC Bank Limited ₹54.72 Cr	Banks	4.98%	4.69%	-0.29%
5	Coromandel International Limited ₹15.24 Cr	Fertilizers & Agrochemicals	1.60%	1.31%	-0.29%
6	Godrej Properties Limited ₹6.06 Cr	Realty	0.80%	0.52%	-0.28%
7	Ujjivan Small Finance Bank Limited ₹10.97 Cr	Banks	1.21%	0.94%	-0.27%
8	Cipla Limited ₹8.35 Cr	Pharmaceuticals & Biotechnology	0.96%	0.72%	-0.24%
9	City Union Bank Limited ₹19.48 Cr	Banks	1.87%	1.67%	-0.20%
10	Adani Ports and Special Economic Zone Limited ₹17.49 Cr	Transport Infrastructure	1.69%	1.50%	-0.19%
11	GMR Airports Limited ₹10.27 Cr	Transport Infrastructure	1.04%	0.88%	-0.16%
12	Larsen & Toubro Limited ₹34.82 Cr	Construction	3.12%	2.99%	-0.13%
13	InterGlobe Aviation Limited ₹17.00 Cr	Transport Services	1.59%	1.46%	-0.13%
14	PTC India Financial Services Limited ₹12.97 Cr	Finance	1.23%	1.11%	-0.12%
15	General Insurance Corporation of India ₹10.40 Cr	Insurance	1.01%	0.89%	-0.12%
16	Power Mech Projects Limited ₹9.96 Cr	Construction	0.97%	0.85%	-0.12%
17	NTPC Green Energy Limited ₹6.65 Cr	Power	0.68%	0.57%	-0.11%
18	Sundaram Clayton Limited ₹17.05 Cr	Auto Components	1.56%	1.46%	-0.10%
19	Tega Industries Limited ₹11.17 Cr	Industrial Manufacturing	1.06%	0.96%	-0.10%
20	KEC International Limited ₹10.77 Cr	Construction	1.02%	0.92%	-0.10%
21	TeamLease Services Limited ₹4.15 Cr	Commercial Services & Supplies	0.46%	0.36%	-0.10%
22	PB Fintech Limited ₹4.76 Cr	Financial Technology (Fintech)	0.49%	0.41%	-0.08%
23	Arvind Fashions Limited ₹8.08 Cr	Retailing	0.76%	0.69%	-0.07%
24	Acme Solar Holdings Ltd ₹20.24 Cr	Power	1.79%	1.74%	-0.05%
25	Bharat Electronics Limited ₹11.10 Cr	Aerospace & Defense	1.00%	0.95%	-0.05%
26	Can Fin Homes Limited ₹8.40 Cr	Finance	0.77%	0.72%	-0.05%
27	GPT Infraprojects Limited ₹4.82 Cr	Construction	0.45%	0.41%	-0.04%
28	CG Power and Industrial Solutions Limited ₹4.69 Cr	Electrical Equipment	0.44%	0.40%	-0.04%
29	Talwandi Sabo Power Limited ₹3.80 Cr	Power	0.37%	0.33%	-0.04%
30	Varun Beverages Limited ₹9.52 Cr	Beverages	0.85%	0.82%	-0.03%
31	Swiggy Limited ₹8.58 Cr	Retailing	0.77%	0.74%	-0.03%
32	KNR Constructions Limited ₹4.54 Cr	Construction	0.42%	0.39%	-0.03%
33	Angel One Limited ₹3.60 Cr	Capital Markets	0.34%	0.31%	-0.03%
34	UPL Limited ₹12.02 Cr	Fertilizers & Agrochemicals	1.04%	1.03%	-0.01%
35	HDFC Life Insurance Company Limited ₹8.61 Cr	Insurance	0.75%	0.74%	-0.01%
36	The Phoenix Mills Limited ₹8.36 Cr	Realty	0.73%	0.72%	-0.01%
37	Jindal Saw Limited ₹5.86 Cr	Industrial Products	0.51%	0.50%	-0.01%
38	Cummins India Limited ₹5.64 Cr	Industrial Products	0.49%	0.48%	-0.01%
39	Garware Technical Fibres Limited ₹5.07 Cr	Textiles & Apparels	0.44%	0.43%	-0.01%
40	SHARDA CROPCHEM LIMITED ₹4.96 Cr	Fertilizers & Agrochemicals	0.44%	0.43%	-0.01%
41	JSW Energy Limited ₹4.56 Cr	Power	0.40%	0.39%	-0.01%
42	Vedanta Limited ₹3.13 Cr	Diversified Metals	0.28%	0.27%	-0.01%
43	Kirloskar Brothers Limited ₹1.76 Cr	Industrial Products	0.16%	0.15%	-0.01%
44	Cohance Lifesciences Limited ₹1.75 Cr	Pharmaceuticals & Biotechnology	0.16%	0.15%	-0.01%

What Stocks Does This Fund Hold?

92 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	Axis Bank Limited ₹55.76 Cr	Banks	4.78%
2	HDFC Bank Limited ₹54.72 Cr	Banks	4.69%
3	ICICI Bank Limited ₹52.06 Cr	Banks	4.47%
4	Reliance Industries Limited ₹50.93 Cr	Petroleum Products	4.37%
5	Bajaj Finance Limited ₹43.92 Cr	Finance	3.77%
6	Bharti Airtel Limited ₹42.95 Cr	Telecom - Services	3.68%
7	One 97 Communications Limited ₹37.41 Cr	Financial Technology (Fintech)	3.21%
8	NTPC Limited ₹35.93 Cr	Power	3.08%
9	Larsen & Toubro Limited ₹34.82 Cr	Construction	2.99%
10	Infosys Limited ₹31.68 Cr	IT - Software	2.72%
11	State Bank of India ₹28.21 Cr	Banks	2.42%
12	Kotak Mahindra Bank Limited ₹27.29 Cr	Banks	2.34%
13	IDFC First Bank Limited ₹22.35 Cr	Banks	1.92%
14	Acme Solar Holdings Ltd ₹20.24 Cr	Power	1.74%
15	City Union Bank Limited ₹19.48 Cr	Banks	1.67%
16	Fortis Healthcare Limited ₹19.46 Cr	Healthcare Services	1.67%
17	Adani Ports and Special Economic Zone Limited ₹17.49 Cr	Transport Infrastructure	1.50%
18	InterGlobe Aviation Limited ₹17.00 Cr	Transport Services	1.46%
19	Sundaram Clayton Limited ₹17.05 Cr	Auto Components	1.46%
20	UltraTech Cement Limited ₹16.90 Cr	Cement & Cement Products	1.45%
21	Tata Consultancy Services Limited ₹16.15 Cr	IT - Software	1.39%
22	Mphasis Limited ₹15.38 Cr	IT - Software	1.32%
23	Coromandel International Limited ₹15.24 Cr	Fertilizers & Agrochemicals	1.31%
24	Fusion Finance Ltd ₹13.87 Cr	Finance	1.19%
25	Tata Power Company Limited ₹13.68 Cr	Power	1.17%
26	PTC India Financial Services Limited ₹12.97 Cr	Finance	1.11%
27	Maruti Suzuki India Limited ₹12.39 Cr	Automobiles	1.06%
28	Shriram Finance Limited ₹12.04 Cr	Finance	1.03%
29	UPL Limited ₹12.02 Cr	Fertilizers & Agrochemicals	1.03%
30	Hero MotoCorp Limited ₹11.79 Cr	Automobiles	1.01%
31	Wipro Limited ₹11.41 Cr	IT - Software	0.98%
32	Metropolis Healthcare Limited ₹11.26 Cr	Healthcare Services	0.97%
33	Aurobindo Pharma Limited ₹11.20 Cr	Pharmaceuticals & Biotechnology	0.96%
34	Tega Industries Limited ₹11.17 Cr	Industrial Manufacturing	0.96%
35	Bharat Electronics Limited ₹11.10 Cr	Aerospace & Defense	0.95%
36	Ujjivan Small Finance Bank Limited ₹10.97 Cr	Banks	0.94%
37	KEC International Limited ₹10.77 Cr	Construction	0.92%
38	General Insurance Corporation of India ₹10.40 Cr	Insurance	0.89%
39	GMR Airports Limited ₹10.27 Cr	Transport Infrastructure	0.88%
40	Power Mech Projects Limited ₹9.96 Cr	Construction	0.85%
41	Varun Beverages Limited ₹9.52 Cr	Beverages	0.82%
42	Meghmani Finechem Limited ₹9.09 Cr	Chemicals & Petrochemicals	0.78%
43	Torrent Power Limited ₹8.95 Cr	Power	0.77%
44	HDFC Life Insurance Company Limited ₹8.61 Cr	Insurance	0.74%
45	Swiggy Limited ₹8.58 Cr	Retailing	0.74%
46	Cipla Limited ₹8.35 Cr	Pharmaceuticals & Biotechnology	0.72%
47	SBI Life Insurance Company Limited ₹8.35 Cr	Insurance	0.72%
48	The Phoenix Mills Limited ₹8.36 Cr	Realty	0.72%
49	Can Fin Homes Limited ₹8.40 Cr	Finance	0.72%
50	Tata Technologies Limited ₹8.32 Cr	IT - Services	0.71%
51	FSN E-Commerce Ventures Limited ₹8.18 Cr	Retailing	0.70%
52	Arvind Fashions Limited ₹8.08 Cr	Retailing	0.69%
53	United Spirits Limited ₹7.57 Cr	Beverages	0.65%
54	IndusInd Bank Limited ₹7.40 Cr	Banks	0.63%
55	Bank of India ₹7.13 Cr	Banks	0.61%
56	NTPC Green Energy Limited ₹6.65 Cr	Power	0.57%
57	Thirumalai Chemicals Ltd ₹6.29 Cr	Chemicals & Petrochemicals	0.54%
58	Godrej Properties Limited ₹6.06 Cr	Realty	0.52%
59	PNC Infratech Limited ₹6.11 Cr	Construction	0.52%
60	Jindal Saw Limited ₹5.86 Cr	Industrial Products	0.50%
61	Glenmark Pharmaceuticals Limited ₹5.69 Cr	Pharmaceuticals & Biotechnology	0.49%
62	Cummins India Limited ₹5.64 Cr	Industrial Products	0.48%
63	Ideaforge Technology Limited ₹5.50 Cr	Aerospace & Defense	0.47%
64	Adani Enterprises Limited ₹5.22 Cr	Metals & Minerals Trading	0.45%
65	SHARDA CROPCHEM LIMITED ₹4.96 Cr	Fertilizers & Agrochemicals	0.43%
66	Garware Technical Fibres Limited ₹5.07 Cr	Textiles & Apparels	0.43%
67	GPT Infraprojects Limited ₹4.82 Cr	Construction	0.41%
68	PB Fintech Limited ₹4.76 Cr	Financial Technology (Fintech)	0.41%
69	CG Power and Industrial Solutions Limited ₹4.69 Cr	Electrical Equipment	0.40%
70	KNR Constructions Limited ₹4.54 Cr	Construction	0.39%
71	JSW Energy Limited ₹4.56 Cr	Power	0.39%
72	Divi's Laboratories Limited ₹4.39 Cr	Pharmaceuticals & Biotechnology	0.38%
73	TeamLease Services Limited ₹4.15 Cr	Commercial Services & Supplies	0.36%
74	ICICI Lombard General Insurance Company Limited ₹4.06 Cr	Insurance	0.35%
75	Talwandi Sabo Power Limited ₹3.80 Cr	Power	0.33%
76	Life Insurance Corporation Of India ₹3.69 Cr	Insurance	0.32%
77	Ambuja Cements Limited ₹3.77 Cr	Cement & Cement Products	0.32%
78	Angel One Limited ₹3.60 Cr	Capital Markets	0.31%
79	Titan Company Limited ₹3.29 Cr	Consumer Durables	0.28%
80	Amara Raja Energy & Mobility Ltd ₹3.29 Cr	Auto Components	0.28%
81	Vedanta Limited ₹3.13 Cr	Diversified Metals	0.27%
82	Aditya Birla Sun Life AMC Limited ₹2.98 Cr	Capital Markets	0.26%
83	Excelsoft Technologies Limited ₹2.96 Cr	IT - Services	0.25%
84	Hindustan Zinc Limited ₹2.68 Cr	Non - Ferrous Metals	0.23%
85	Bajaj Finserv Limited ₹2.49 Cr	Finance	0.21%
86	Dalmia Bharat Limited ₹2.14 Cr	Cement & Cement Products	0.18%
87	United Breweries Limited ₹2.08 Cr	Beverages	0.18%
88	Cohance Lifesciences Limited ₹1.75 Cr	Pharmaceuticals & Biotechnology	0.15%
89	Kirloskar Brothers Limited ₹1.76 Cr	Industrial Products	0.15%
90	SBFC Finance Limited ₹57.31 L	Finance	0.05%
91	Cholamandalam Financial Holdings Limited ₹4.17 L	Finance	0.00%
92	IIFL Finance Limited ₹0.05 L	Finance	0.00%