Bandhan Business Cycle Fund
Bandhan Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.5540 | — | — | — | — | — | — |
| Regular Growth | ₹9.3200 | +0.44% | -5.27% | -8.66% | -2.44% | — | — |
| Direct IDCW | ₹9.5540 | — | — | — | — | — | — |
| Regular IDCW | ₹9.3200 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
92
Top 5 Weight
20.29%
Top 10 Weight
34.68%
Active Share
—
Large Cap
54.39%
Gini
0.467
What Changed2026-03-31 → 2026-04-30
Holdings: 90 → 94+11 added−7 removed42 weight shifts ≥ 0.1%
| 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
Banks21.2%
Finance8.7%
Power7.4%
IT - Software6.7%
Construction6.6%
Pharmaceuticals & Biotechnology4.3%
Petroleum Products4.0%
Telecom - Services3.5%
Financial Technology (Fintech)3.4%
Transport Infrastructure2.8%
Top 10 sectors by % to NAV. Excludes derivatives.