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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹1,205.20 Cr

Equity only, excl. debt & cash

Top 5 Weight

22.0%

Diversified

Top 10 Weight

36.5%

Diversified

Changes

3 new · 6 exits

Top Sector

Banks

24.4% of portfolio

📋 What Happened This Month Bandhan Business Cycle Fund made 3 new additions and exited 6 stocks this month. The biggest new buy was General Insurance Corporation of India (Insurance) at 1.01% weight. Wockhardt Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 1.89%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 4.25% of the portfolio. Infosys Limited was trimmed the most, now at 2.40%. Axis Bank Limited remains the top holding with Banks the dominant sector at 24.4%. ↓ 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

+2.72%

+4.52%

-0.76%

-0.90%

Latest NAV

₹10.17

15 Jul 2026

52W High

₹10.53

-3% from High

52W Low

₹8.56

+19% 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

4.2%

+ve in 76% 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 ₹10.17 15 Jul 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: ₹10.17

Sector Shift Industry allocation month-over-month

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%

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%

🟢

Biggest New Buy

General Insurance Corporation of India

1.01% weight · Insurance

🔴

Biggest Exit

Wockhardt Limited

1.89% was held · Pharmaceuticals & Biotechnology

↑

Biggest Add

ICICI Bank Limited

+0.81% · now 4.25%

↓

Biggest Trim

Infosys Limited

-0.42% · now 2.40%

🤝 Other funds also bought this month

Amara Raja Energy & Mobility Ltd 7 funds

Cholamandalam Financial Holdings Limited 6 funds

General Insurance Corporation of India 5 funds

👋 Other funds also exited

Malco Energy Limited 167 funds

Vedanta Iron And Steel Limited 166 funds

Vedanta Aluminium Metal Limited 95 funds

Union Bank of India 15 funds

Wockhardt Limited 5 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 3 New Entries 🔴 6 Exits ↑ 46 Increased ↓ 36 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	General Insurance Corporation of India ₹12.17 Cr	Insurance	1.01%
2	Amara Raja Energy & Mobility Ltd ₹3.07 Cr	Auto Components	0.25%
3	Cholamandalam Financial Holdings Limited ₹4.61 L	Finance	0.00%

#	Stock	Sector	Last Weight (May 2026)
1	Wockhardt Limited ₹22.76 Cr	Pharmaceuticals & Biotechnology	1.89%
2	Union Bank of India ₹5.37 Cr	Banks	0.45%
3	Vedanta Aluminium Metal Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
4	Malco Energy Limited ₹1.48 Cr	Power	0.12%
5	Vedanta Iron And Steel Limited ₹1.48 Cr	Metals & Minerals Trading	0.12%
6	Orchid Pharma Limited ₹4.07 L	Pharmaceuticals & Biotechnology	0.00%

#	Stock	Sector	May 2026	Jun 2026	Change
1	ICICI Bank Limited ₹51.40 Cr	Banks	3.44%	4.25%	+0.81%
2	Wipro Limited ₹11.77 Cr	IT - Software	0.43%	0.97%	+0.54%
3	Acme Solar Holdings Ltd ₹21.67 Cr	Power	1.27%	1.79%	+0.52%
4	Ujjivan Small Finance Bank Limited ₹14.63 Cr	Banks	0.69%	1.21%	+0.52%
5	Kotak Mahindra Bank Limited ₹27.42 Cr	Banks	1.89%	2.27%	+0.38%
6	Reliance Industries Limited ₹50.39 Cr	Petroleum Products	3.87%	4.17%	+0.30%
7	HDFC Bank Limited ₹60.14 Cr	Banks	4.69%	4.98%	+0.29%
8	Bajaj Finance Limited ₹39.65 Cr	Finance	3.00%	3.28%	+0.28%
9	City Union Bank Limited ₹22.57 Cr	Banks	1.61%	1.87%	+0.26%
10	Sona BLW Precision Forgings Limited ₹4.67 Cr	Auto Components	0.13%	0.39%	+0.26%
11	Talwandi Sabo Power Limited ₹4.52 Cr	Power	0.12%	0.37%	+0.25%
12	InterGlobe Aviation Limited ₹19.28 Cr	Transport Services	1.36%	1.59%	+0.23%
13	Glenmark Pharmaceuticals Limited ₹5.73 Cr	Pharmaceuticals & Biotechnology	0.25%	0.47%	+0.22%
14	Coromandel International Limited ₹19.39 Cr	Fertilizers & Agrochemicals	1.42%	1.60%	+0.18%
15	Axis Bank Limited ₹62.90 Cr	Banks	5.03%	5.20%	+0.17%
16	Varun Beverages Limited ₹10.29 Cr	Beverages	0.68%	0.85%	+0.17%
17	GMR Airports Limited ₹12.51 Cr	Transport Infrastructure	0.88%	1.04%	+0.16%
18	IDFC First Bank Limited ₹19.39 Cr	Banks	1.45%	1.60%	+0.15%
19	State Bank of India ₹29.06 Cr	Banks	2.28%	2.40%	+0.12%
20	Divi's Laboratories Limited ₹8.55 Cr	Pharmaceuticals & Biotechnology	0.60%	0.71%	+0.11%
21	FSN E-Commerce Ventures Limited ₹7.86 Cr	Retailing	0.55%	0.65%	+0.10%
22	Aurobindo Pharma Limited ₹11.34 Cr	Pharmaceuticals & Biotechnology	0.86%	0.94%	+0.08%
23	Dalmia Bharat Limited ₹2.02 Cr	Cement & Cement Products	0.09%	0.17%	+0.08%
24	Maruti Suzuki India Limited ₹12.66 Cr	Automobiles	0.98%	1.05%	+0.07%
25	Fusion Finance Ltd ₹12.99 Cr	Finance	1.01%	1.07%	+0.06%
26	GPT Infraprojects Limited ₹5.42 Cr	Construction	0.39%	0.45%	+0.06%
27	Garware Technical Fibres Limited ₹5.29 Cr	Textiles & Apparels	0.38%	0.44%	+0.06%
28	PNC Infratech Limited ₹5.78 Cr	Construction	0.43%	0.48%	+0.05%
29	One 97 Communications Limited ₹33.27 Cr	Financial Technology (Fintech)	2.71%	2.75%	+0.04%
30	Cipla Limited ₹11.58 Cr	Pharmaceuticals & Biotechnology	0.92%	0.96%	+0.04%
31	Cohance Lifesciences Limited ₹1.90 Cr	Pharmaceuticals & Biotechnology	0.12%	0.16%	+0.04%
32	Sundaram Clayton Limited ₹18.84 Cr	Auto Components	1.53%	1.56%	+0.03%
33	KEC International Limited ₹12.34 Cr	Construction	0.99%	1.02%	+0.03%
34	Jindal Saw Limited ₹6.14 Cr	Industrial Products	0.48%	0.51%	+0.03%
35	Larsen & Toubro Limited ₹37.75 Cr	Construction	3.10%	3.12%	+0.02%
36	PTC India Financial Services Limited ₹14.81 Cr	Finance	1.21%	1.23%	+0.02%
37	Torrent Power Limited ₹8.96 Cr	Power	0.72%	0.74%	+0.02%
38	The Phoenix Mills Limited ₹8.86 Cr	Realty	0.71%	0.73%	+0.02%
39	United Spirits Limited ₹6.95 Cr	Beverages	0.55%	0.57%	+0.02%
40	TeamLease Services Limited ₹5.55 Cr	Commercial Services & Supplies	0.44%	0.46%	+0.02%
41	KNR Constructions Limited ₹5.04 Cr	Construction	0.40%	0.42%	+0.02%
42	Bharti Airtel Limited ₹41.57 Cr	Telecom - Services	3.43%	3.44%	+0.01%
43	Arvind Fashions Limited ₹9.20 Cr	Retailing	0.75%	0.76%	+0.01%
44	CG Power and Industrial Solutions Limited ₹5.33 Cr	Electrical Equipment	0.43%	0.44%	+0.01%
45	Life Insurance Corporation Of India ₹3.86 Cr	Insurance	0.31%	0.32%	+0.01%
46	Titan Company Limited ₹3.06 Cr	Consumer Durables	0.24%	0.25%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Infosys Limited ₹29.02 Cr	IT - Software	2.82%	2.40%	-0.42%
2	Shriram Finance Limited ₹12.36 Cr	Finance	1.34%	1.02%	-0.32%
3	Kirloskar Brothers Limited ₹1.93 Cr	Industrial Products	0.45%	0.16%	-0.29%
4	NTPC Limited ₹34.81 Cr	Power	3.14%	2.88%	-0.26%
5	Tata Consumer Products Limited ₹2.29 Cr	Agricultural Food & other Products	0.42%	0.19%	-0.23%
6	Godrej Properties Limited ₹9.72 Cr	Realty	1.01%	0.80%	-0.21%
7	IIFL Finance Limited ₹8.59 Cr	Finance	0.88%	0.71%	-0.17%
8	PB Fintech Limited ₹5.97 Cr	Financial Technology (Fintech)	0.66%	0.49%	-0.17%
9	Hindustan Zinc Limited ₹2.73 Cr	Non - Ferrous Metals	0.40%	0.23%	-0.17%
10	Tata Consultancy Services Limited ₹14.29 Cr	IT - Software	1.33%	1.18%	-0.15%
11	Thirumalai Chemicals Ltd ₹6.02 Cr	Chemicals & Petrochemicals	0.62%	0.50%	-0.12%
12	Tata Power Company Limited ₹10.96 Cr	Power	1.00%	0.91%	-0.09%
13	Mphasis Limited ₹14.91 Cr	IT - Software	1.31%	1.23%	-0.08%
14	Hero MotoCorp Limited ₹10.81 Cr	Automobiles	0.97%	0.89%	-0.08%
15	Metropolis Healthcare Limited ₹10.66 Cr	Healthcare Services	0.96%	0.88%	-0.08%
16	Vedanta Limited ₹3.42 Cr	Diversified Metals	0.36%	0.28%	-0.08%
17	Swiggy Limited ₹9.31 Cr	Retailing	0.84%	0.77%	-0.07%
18	Cummins India Limited ₹5.96 Cr	Industrial Products	0.56%	0.49%	-0.07%
19	Meghmani Finechem Limited ₹9.15 Cr	Chemicals & Petrochemicals	0.82%	0.76%	-0.06%
20	NTPC Green Energy Limited ₹8.26 Cr	Power	0.74%	0.68%	-0.06%
21	IndusInd Bank Limited ₹7.52 Cr	Banks	0.68%	0.62%	-0.06%
22	Excelsoft Technologies Limited ₹2.94 Cr	IT - Services	0.30%	0.24%	-0.06%
23	UltraTech Cement Limited ₹17.48 Cr	Cement & Cement Products	1.49%	1.45%	-0.04%
24	Tega Industries Limited ₹12.76 Cr	Industrial Manufacturing	1.10%	1.06%	-0.04%
25	UPL Limited ₹12.62 Cr	Fertilizers & Agrochemicals	1.08%	1.04%	-0.04%
26	Can Fin Homes Limited ₹9.27 Cr	Finance	0.81%	0.77%	-0.04%
27	Angel One Limited ₹4.08 Cr	Capital Markets	0.38%	0.34%	-0.04%
28	HDFC Life Insurance Company Limited ₹9.04 Cr	Insurance	0.78%	0.75%	-0.03%
29	SBI Life Insurance Company Limited ₹8.00 Cr	Insurance	0.69%	0.66%	-0.03%
30	Tata Technologies Limited ₹7.77 Cr	IT - Services	0.67%	0.64%	-0.03%
31	JSW Energy Limited ₹4.89 Cr	Power	0.42%	0.40%	-0.02%
32	Ambuja Cements Limited ₹3.75 Cr	Cement & Cement Products	0.33%	0.31%	-0.02%
33	Adani Ports and Special Economic Zone Limited ₹20.45 Cr	Transport Infrastructure	1.70%	1.69%	-0.01%
34	Bharat Electronics Limited ₹12.15 Cr	Aerospace & Defense	1.01%	1.00%	-0.01%
35	SHARDA CROPCHEM LIMITED ₹5.28 Cr	Fertilizers & Agrochemicals	0.45%	0.44%	-0.01%
36	Jio Financial Services Limited ₹2.82 Cr	Finance	0.24%	0.23%	-0.01%

What Stocks Does This Fund Hold?

91 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	Axis Bank Limited ₹62.90 Cr	Banks	5.20%
2	HDFC Bank Limited ₹60.14 Cr	Banks	4.98%
3	ICICI Bank Limited ₹51.40 Cr	Banks	4.25%
4	Reliance Industries Limited ₹50.39 Cr	Petroleum Products	4.17%
5	Bharti Airtel Limited ₹41.57 Cr	Telecom - Services	3.44%
6	Bajaj Finance Limited ₹39.65 Cr	Finance	3.28%
7	Larsen & Toubro Limited ₹37.75 Cr	Construction	3.12%
8	NTPC Limited ₹34.81 Cr	Power	2.88%
9	One 97 Communications Limited ₹33.27 Cr	Financial Technology (Fintech)	2.75%
10	State Bank of India ₹29.06 Cr	Banks	2.40%
11	Infosys Limited ₹29.02 Cr	IT - Software	2.40%
12	Kotak Mahindra Bank Limited ₹27.42 Cr	Banks	2.27%
13	City Union Bank Limited ₹22.57 Cr	Banks	1.87%
14	Acme Solar Holdings Ltd ₹21.67 Cr	Power	1.79%
15	Adani Ports and Special Economic Zone Limited ₹20.45 Cr	Transport Infrastructure	1.69%
16	Fortis Healthcare Limited ₹20.11 Cr	Healthcare Services	1.66%
17	Coromandel International Limited ₹19.39 Cr	Fertilizers & Agrochemicals	1.60%
18	IDFC First Bank Limited ₹19.39 Cr	Banks	1.60%
19	InterGlobe Aviation Limited ₹19.28 Cr	Transport Services	1.59%
20	Sundaram Clayton Limited ₹18.84 Cr	Auto Components	1.56%
21	UltraTech Cement Limited ₹17.48 Cr	Cement & Cement Products	1.45%
22	Mphasis Limited ₹14.91 Cr	IT - Software	1.23%
23	PTC India Financial Services Limited ₹14.81 Cr	Finance	1.23%
24	Ujjivan Small Finance Bank Limited ₹14.63 Cr	Banks	1.21%
25	Tata Consultancy Services Limited ₹14.29 Cr	IT - Software	1.18%
26	Fusion Finance Ltd ₹12.99 Cr	Finance	1.07%
27	Tega Industries Limited ₹12.76 Cr	Industrial Manufacturing	1.06%
28	Maruti Suzuki India Limited ₹12.66 Cr	Automobiles	1.05%
29	UPL Limited ₹12.62 Cr	Fertilizers & Agrochemicals	1.04%
30	GMR Airports Limited ₹12.51 Cr	Transport Infrastructure	1.04%
31	Shriram Finance Limited ₹12.36 Cr	Finance	1.02%
32	KEC International Limited ₹12.34 Cr	Construction	1.02%
33	General Insurance Corporation of India ₹12.17 Cr	Insurance	1.01%
34	Bharat Electronics Limited ₹12.15 Cr	Aerospace & Defense	1.00%
35	Power Mech Projects Limited ₹11.77 Cr	Construction	0.97%
36	Wipro Limited ₹11.77 Cr	IT - Software	0.97%
37	Cipla Limited ₹11.58 Cr	Pharmaceuticals & Biotechnology	0.96%
38	Aurobindo Pharma Limited ₹11.34 Cr	Pharmaceuticals & Biotechnology	0.94%
39	Tata Power Company Limited ₹10.96 Cr	Power	0.91%
40	Hero MotoCorp Limited ₹10.81 Cr	Automobiles	0.89%
41	Metropolis Healthcare Limited ₹10.66 Cr	Healthcare Services	0.88%
42	Varun Beverages Limited ₹10.29 Cr	Beverages	0.85%
43	Godrej Properties Limited ₹9.72 Cr	Realty	0.80%
44	Swiggy Limited ₹9.31 Cr	Retailing	0.77%
45	Can Fin Homes Limited ₹9.27 Cr	Finance	0.77%
46	Arvind Fashions Limited ₹9.20 Cr	Retailing	0.76%
47	Meghmani Finechem Limited ₹9.15 Cr	Chemicals & Petrochemicals	0.76%
48	HDFC Life Insurance Company Limited ₹9.04 Cr	Insurance	0.75%
49	Torrent Power Limited ₹8.96 Cr	Power	0.74%
50	The Phoenix Mills Limited ₹8.86 Cr	Realty	0.73%
51	IIFL Finance Limited ₹8.59 Cr	Finance	0.71%
52	Divi's Laboratories Limited ₹8.55 Cr	Pharmaceuticals & Biotechnology	0.71%
53	NTPC Green Energy Limited ₹8.26 Cr	Power	0.68%
54	SBI Life Insurance Company Limited ₹8.00 Cr	Insurance	0.66%
55	FSN E-Commerce Ventures Limited ₹7.86 Cr	Retailing	0.65%
56	Tata Technologies Limited ₹7.77 Cr	IT - Services	0.64%
57	IndusInd Bank Limited ₹7.52 Cr	Banks	0.62%
58	Samvardhana Motherson International Limited ₹7.14 Cr	Auto Components	0.59%
59	United Spirits Limited ₹6.95 Cr	Beverages	0.57%
60	Jindal Saw Limited ₹6.14 Cr	Industrial Products	0.51%
61	Thirumalai Chemicals Ltd ₹6.02 Cr	Chemicals & Petrochemicals	0.50%
62	PB Fintech Limited ₹5.97 Cr	Financial Technology (Fintech)	0.49%
63	Cummins India Limited ₹5.96 Cr	Industrial Products	0.49%
64	PNC Infratech Limited ₹5.78 Cr	Construction	0.48%
65	Glenmark Pharmaceuticals Limited ₹5.73 Cr	Pharmaceuticals & Biotechnology	0.47%
66	TeamLease Services Limited ₹5.55 Cr	Commercial Services & Supplies	0.46%
67	GPT Infraprojects Limited ₹5.42 Cr	Construction	0.45%
68	SHARDA CROPCHEM LIMITED ₹5.28 Cr	Fertilizers & Agrochemicals	0.44%
69	Garware Technical Fibres Limited ₹5.29 Cr	Textiles & Apparels	0.44%
70	CG Power and Industrial Solutions Limited ₹5.33 Cr	Electrical Equipment	0.44%
71	KNR Constructions Limited ₹5.04 Cr	Construction	0.42%
72	JSW Energy Limited ₹4.89 Cr	Power	0.40%
73	Sona BLW Precision Forgings Limited ₹4.67 Cr	Auto Components	0.39%
74	Talwandi Sabo Power Limited ₹4.52 Cr	Power	0.37%
75	Angel One Limited ₹4.08 Cr	Capital Markets	0.34%
76	Life Insurance Corporation Of India ₹3.86 Cr	Insurance	0.32%
77	Ambuja Cements Limited ₹3.75 Cr	Cement & Cement Products	0.31%
78	Vedanta Limited ₹3.42 Cr	Diversified Metals	0.28%
79	Amara Raja Energy & Mobility Ltd ₹3.07 Cr	Auto Components	0.25%
80	Titan Company Limited ₹3.06 Cr	Consumer Durables	0.25%
81	Excelsoft Technologies Limited ₹2.94 Cr	IT - Services	0.24%
82	Jio Financial Services Limited ₹2.82 Cr	Finance	0.23%
83	Hindustan Zinc Limited ₹2.73 Cr	Non - Ferrous Metals	0.23%
84	Tata Consumer Products Limited ₹2.29 Cr	Agricultural Food & other Products	0.19%
85	Bajaj Finserv Limited ₹2.25 Cr	Finance	0.19%
86	Dalmia Bharat Limited ₹2.02 Cr	Cement & Cement Products	0.17%
87	United Breweries Limited ₹1.98 Cr	Beverages	0.16%
88	Kirloskar Brothers Limited ₹1.93 Cr	Industrial Products	0.16%
89	Cohance Lifesciences Limited ₹1.90 Cr	Pharmaceuticals & Biotechnology	0.16%
90	SBFC Finance Limited ₹35.20 L	Finance	0.03%
91	Cholamandalam Financial Holdings Limited ₹4.61 L	Finance	0.00%