Bandhan Business Cycle Fund
Bandhan Business Cycle Fund is heavily tilted toward financials and cyclicals, betting on economic momentum through concentrated banking and infrastructure exposure. The manager's recent portfolio churn—adding consumer discretionary names like Titan and United Spirits while trimming defensive plays like ITC and energy stocks—signals conviction in a growth-led recovery. The modest cash position and stable top-10 concentration suggest confidence in this cyclical positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.6380 | — | — | — | — |
| Regular Growth | ₹9.4010 | -1.05% | -3.14% | — | — |
| Direct IDCW | ₹9.6380 | — | — | — | — |
| Regular IDCW | ₹9.4010 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| United Spirits Limited | 0.45% |
| FSN E-Commerce Ventures Limited | 0.25% |
| Titan Company Limited | 0.25% |
| Union Bank of India | 0.23% |
| SBFC Finance Limited | 0.03% |
| Orchid Pharma Limited | 0.02% |
| ^^Talwandi Sabo Power Limited | 0.12% |
| ^^Vedanta Aluminium Metal Limited | 0.12% |
| ^^Malco Energy Limited | 0.12% |
| ^^Vedanta Iron And Steel Limited | 0.12% |
| Triparty Repo TRP_040526 | 5.27% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo TRP_040526 | 5.27% |
| 2 | Axis Bank Limited INE238A01034 | 4.86% |
| 3 | HDFC Bank Limited INE040A01034 | 4.77% |
| 4 | Reliance Industries Limited INE002A01018 | 3.99% |
| 5 | Bharti Airtel Limited INE397D01024 | 3.47% |
| 6 | Larsen & Toubro Limited INE018A01030 | 3.20% |
| 7 | NTPC Limited INE733E01010 | 3.18% |
| 8 | Bajaj Finance Limited INE296A01032 | 3.03% |
| 9 | Infosys Limited INE009A01021 | 2.81% |
| 10 | ICICI Bank Limited INE090A01021 | 2.77% |
| 11 | One 97 Communications Limited INE982J01020 | 2.60% |
| 12 | State Bank of India INE062A01020 | 2.48% |
| 13 | Wockhardt Limited INE049B01025 | 1.85% |
| 14 | Kotak Mahindra Bank Limited INE237A01036 | 1.84% |
| 15 | City Union Bank Limited INE491A01021 | 1.67% |
| 16 | Sundaram Clayton Limited INE0Q3R01026 | 1.62% |
| 17 | Fortis Healthcare Limited INE061F01013 | 1.61% |
| 18 | Coromandel International Limited INE169A01031 | 1.57% |
| 19 | Adani Ports and Special Economic Zone Limited INE742F01042 | 1.53% |
| 20 | InterGlobe Aviation Limited INE646L01027 | 1.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Business Cycle Fund hold?
Bandhan Business Cycle Fund holds 92 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.29% of NAV.
What is the largest holding in Bandhan Business Cycle Fund?
The largest position in Bandhan Business Cycle Fund is Triparty Repo TRP_040526, accounting for 5.27% of NAV.
Is Bandhan Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.467, Bandhan Business Cycle Fund is moderately concentrated. The HHI concentration index is 19,419 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.29% of the portfolio.
What is the market cap allocation of Bandhan Business Cycle Fund?
Based on SEBI's AMFI classification, Bandhan Business Cycle Fund's equity portfolio is split as: Large Cap: 54.39%, Mid Cap: 18.67%, Small Cap: 21.08%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Business Cycle Fund invest in most?
Bandhan Business Cycle Fund has the highest allocation to Banks (21.20%), Finance (8.67%), Power (7.43%). The fund is invested across 36 sectors in total.
How actively managed is Bandhan Business Cycle Fund compared to other Sectoral / Thematic funds?
Bandhan Business Cycle Fund has an Active Share of 65.55%, classifying it as "Active Stock Picker" among 237 Sectoral / Thematic peers. This indicates a moderate level of differentiation from category peers.
What changed in Bandhan Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Business Cycle Fund added 11 new stocks (including United Spirits Limited) and exited 7 stocks (including ITC Limited). Total holding count increased from 90 to 94 stocks.