Bandhan Business Cycle Fund
NAV
₹10.22
as of 21 Aug 2026
Bandhan Business Cycle Fund is an open-ended Sectoral/ Thematic scheme from Bandhan Mutual Fund managing ₹1,209 crore (as of 30 Jun 2026). Its Direct-plan NAV is ₹10.22 as of 21 Aug 2026. The expense ratio is 0.56% a year. Managed by Harshal Joshi. This page is factual data only — it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.56% / yr
- as of 30 Jun 2026
- Fund size
- ₹1,209 crore
- as of 30 Jun 2026
- Exit load
- 0.5%
- SIP available
- Yes
- Launched
- 30 Sept 2024
- ISIN
- INF194KB1IQ6
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from NYVO’s own NAV data.
Rebased to 100data to 20 Aug 2026Benchmark: Nifty 500 TRI
Bandhan Business Cycle Fund
₹102
+2% on ₹100 over 1.9 yrs
Sectoral/ Thematic average
₹103
+3% on ₹100 over 1.9 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 5.64% | – | – |
| 6 months | 1.09% | – | – |
| 1 year | 0.56% | – | – |
No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible — read that number first.
1-year holding periods
- Worst
- -2.9%
- Median
- 3.7%
- Best
- 13.8%
12 windows over the last 23 months, stepped monthly; 67% ended positive. Worst window began 1 Apr 2025. Windows overlap — this is the range of past start dates, not a probability of anything.
Distance below its own peak
Every dip below 0 is the fund trading under a previous high — how deep and for how long is what a drawdown feels like.
Right now
-3.3% below peak
Where the money actually is
Equity
99.7%
Cash
0.3%
Whole-portfolio split, as of 30 Jun 2026.
What it owns
96 positions · top 10 = 36.5%
Market-cap mix
Large 56.7%Mid 21.4%Small 21.5%Other 0.3%
as of 30 Jun 2026
Holdings by sector
Financial Services(5 in top 10)36.5%
- Axis Bank Ltd5.20%
- HDFC Bank Ltd4.98%
- ICICI Bank Ltd4.25%
- Bajaj Finance Ltd3.28%
- State Bank of India2.40%
Industrials(1 in top 10)16.2%
- Larsen & Toubro Ltd3.12%
Technology(1 in top 10)9.4%
- One97 Communications Ltd2.75%
Utilities(1 in top 10)7.8%
- NTPC Ltd2.88%
- Basic Materials7.3%
- Consumer Cyclical5.8%
- Healthcare5.8%
Energy(1 in top 10)4.2%
- Reliance Industries Ltd4.17%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 30 Jun 2026. Portfolio turnover 13.4% a year.
Other top holdings
- Bharti Airtel Ltd3.44%
The businesses it owns
- P/E (trailing)
- 21.5
- P/B
- 2.6
- Dividend yield
- 1.2%
- Net margin
- 17.1%
- Earnings growth
- 12.1%
- Avg market cap
- ₹1.37 lakh crore
Money in, money out
- Net flow, 12 months
- −₹459 cr
- Net flow, 3 months
- −₹59 cr
as of 30 Jun 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Bandhan Business Cycle Fund?
- ₹10.22 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Bandhan Business Cycle Fund?
- 0.56% a year for the Direct plan, as of 30 Jun 2026.
- How large is Bandhan Business Cycle Fund?
- ₹1,209 crore under management as of 30 Jun 2026, in the Sectoral/ Thematic category.
- How risky is Bandhan Business Cycle Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- Who manages Bandhan Business Cycle Fund?
- Harshal Joshi, managing this fund for 1.8 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund — growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,299 crore
- ICICI Prudential Business Cycle Fund₹16,123 crore
- BANDHAN INNOVATION FUND₹2,392 crore
- BANDHAN Infrastructure Fund₹1,545 crore
- HSBC India Export Opportunities Fund₹1,233 crore
- Aditya Birla Sun Life Infrastructure Fund₹1,231 crore
- SBI COMMA FUND₹1,185 crore
- HSBC Business Cycles Fund₹1,182 crore
Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.