Bandhan Business Cycle Fund Direct-IDCW
Unrated
NAV as of Oct 20, 2025
10.370.78%
(Earn upto 1.51% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic-Business Cycle
Expense Ratio:
0.55%(0.74% Category
average)Fund Size:
Rs. 1,601.78 Cr(3.91% of Investment in Category)
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Bandhan Business Cycle Fund Direct-IDCW
Unrated
NAV as of Oct 20, 2025
10.370.78%
Expense Ratio:
0.55%
Fund Size:
Rs. 1,601.78 Cr
Fund Category:
Equity: Thematic-Business Cycle
Bandhan Business Cycle Fund Direct-IDCW Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Bandhan Business Cycle Fund - Direct Plan as of Oct 20, 2025 is Rs 10.37 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 2.46% (1yr) and 2.44% (since launch). Whereas, Category returns for the same time duration are: -2.34% (1yr), 18.84% (3yr) and 24.29% (5yr).
3. Fund Size: The Bandhan Business Cycle Fund - Direct Plan currently holds Assets under Management worth of Rs 1601.78 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.55% for Direct plan as on Oct 08, 2025.
5. Exit Load: Bandhan Business Cycle Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.50%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Bandhan Business Cycle Fund - Direct Plan as of Oct 20, 2025 is Rs 10.37 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 2.46% (1yr) and 2.44% (since launch). Whereas, Category returns for the same time duration are: -2.34% (1yr), 18.84% (3yr) and 24.29% (5yr).
3. Fund Size: The Bandhan Business Cycle Fund - Direct Plan currently holds Assets under Management worth of Rs 1601.78 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.55% for Direct plan as on Oct 08, 2025.
5. Exit Load: Bandhan Business Cycle Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.50%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Bandhan Business Cycle Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.14 1.72 10.12 4.13 - - Category Avg 0.06 1.54 10.20 -0.77 19.18 24.71 Rank within Category 11 12 11 5 - - No. of funds within Category 18 18 18 16 6 1 - Loading...
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Return Comparison
- This Fund
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Bandhan Business Cycle Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
| Fund House | Bandhan Mutual Fund |
| Launch Date | Sep 30, 2024 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 3.51% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Bandhan Business Cycle Fund Direct-IDCW Investment Details
| Minimum Investment (Rs.) | 1,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load Exit load of 0.50%, if redeemed within 30 days. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| SEP 2025 | JUL 2025 | JUN 2025 | MAY 2025 | APR 2025 | MAR 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 95 | 96 | 97 | 96 | 105 | 101 |
| Top 5 Company Holdings | 18.5% | 17.99% | 17.9% | 17.73% | 17.5% | 16.88% |
| Top 10 Company Holdings | 29.83% | 28.78% | 28.71% | 28.14% | 27.75% | 27.79% |
| Company with Highest Exposure | HDFC Bank (5.55%) | HDFC Bank (5.81%) | HDFC Bank (5.5%) | HDFC Bank (5.25%) | HDFC Bank (5.38%) | HDFC Bank (5.23%) |
| Number of Sectors | 16 | 15 | 15 | 15 | 15 | 15 |
| Top 3 Sector Holdings | 50.48% | 50.35% | 49.74% | 49.03% | 50.38% | 49.34% |
| Top 5 Sector Holdings | 66.0% | 66.34% | 66.04% | 65.39% | 66.23% | 65.52% |
| Sector with Highest Exposure | Financial (31.44%) | Financial (30.76%) | Financial (31.58%) | Financial (31.3%) | Financial (32.67%) | Financial (31.23%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.55 21.62 47.10 16.07 Axis Bank Financial 4.22 15.14 83.76 6.50 Infosys Technology 3.04 22.78 67.70 -21.40 Bajaj Finance Financial 2.97 38.88 28.00 55.30 Bharti Airtel Communication 2.72 34.78 57.99 21.22 Larsen & Toubro Construction 2.4 34.28 115.36 12.53 NTPC Energy 2.3 13.94 24.71 -16.20 Wockhardt Healthcare 2.28 -180.22 -7.57 27.97 One97 Communications Services 2.26 274.71 4.74 75.57 Kotak Mahindra Bank Financial 2.09 23.23 96.30 24.28
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Business Cycle Fund Direct-IDCW 10.37 Unrated 1,601.78 0.14 4.13 - - Aditya Birla Sun Life Business Cycle Fund Direct-IDCW 15.21 Unrated 1,716.83 1.74 0.61 16.14 - Kotak Business Cycle Fund Direct - IDCW 17.52 Unrated 2,948.83 -0.74 6.39 20.18 - HDFC Business Cycle Fund Direct - IDCW 15.72 Unrated 2,902.22 -0.20 2.57 - - Axis Business Cycles Fund Direct-IDCW 17.36 Unrated 2,256.00 -0.52 1.87 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
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Fund Manager
- H.J.Harshal JoshiSince Sep 202415 schemes
- V.B.Vishal BiraiaSince Sep 20243 schemes
- R.B.Ritika BeheraSince Sep 20241 schemes
Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Mr. Biraia has done B.E and CFA Prior to joining Bandhan Mutual Fund, he has worked with Max Life Insurance Company Ltd, Aviva India, Antique Stock Broking Ltd, Emkay Global Financial Services Ltd and Batlivala & Karani Securities India Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Infrastructure Fund Direct Plan-IDCW Thematic-Infrastructure 48.57 1,614.68 -7.43 Bandhan Balanced Advantage Fund Direct-IDCW Dynamic Asset Allocation 17.16 2,263.32 5.69 Bandhan Retirement Fund Direct-IDCW Aggressive Hybrid 13.23 Unrated 182.16 5.53 Ms. Behera has done B.Com and MBA (Finance) Prior to Bandhan AMC Limited, she was associated with Ocean Dial Asset Management, Elara Securities Pvt Ltd. and Batlivala & Karani Securities Pvt Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan US specific Equity Active FoF Direct-IDCW International 18.94 Unrated 366.06 23.79
More Bandhan Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bandhan Corporate Bond Fund Direct-Growth | 15,925.42 | 0.00 | 0.79 | 4.70 | 8.50 | 7.52 | |
| Bandhan Liquid Fund Direct Plan-Growth | 14,391.30 | 0.47 | 1.46 | 3.31 | 6.96 | 7.06 | |
| Bandhan Small Cap Fund Direct-Growth | 14,062.19 | -0.50 | 0.12 | 18.52 | -2.56 | 30.03 | |
| Bandhan Banking and PSU Fund Direct-Growth | 13,392.39 | 0.10 | 0.88 | 4.40 | 8.08 | 7.46 | |
| Bandhan Money Market Fund Direct-Growth | 12,476.18 | 0.43 | 1.60 | 4.21 | 8.01 | 7.57 | |
| Bandhan Bond Fund Short Term Plan Direct-Growth | 10,944.08 | -0.24 | 0.65 | 4.54 | 8.48 | 7.75 | |
| Bandhan Large & Mid Cap Fund Direct-Growth | 9,996.58 | 0.98 | 1.51 | 15.20 | -1.84 | 24.66 | |
| Bandhan Value Fund Direct-Growth | 9,964.69 | 0.22 | 0.07 | 10.13 | -5.81 | 17.96 | |
| Bandhan Arbitrage Fund Direct-Growth | 8,879.74 | 0.38 | 1.54 | 3.56 | 7.33 | 7.71 | |
| Bandhan Flexi Cap Fund Direct-Growth | 7,446.94 | 0.75 | 1.41 | 13.85 | -0.79 | 15.12 |
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About Bandhan Business Cycle Fund Direct-IDCW
1. Bandhan Business Cycle Fund - Direct Plan is Open-ended Thematic-Business Cycle Equity scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Sep 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.31% in equities, 0.01% in debts and 1.68% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 29.83% of the assets, the top 3 sectors constitute around 50.48% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bandhan Business Cycle Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Bandhan Business Cycle Fund - Direct Plan is Open-ended Thematic-Business Cycle Equity scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Sep 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.31% in equities, 0.01% in debts and 1.68% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 29.83% of the assets, the top 3 sectors constitute around 50.48% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bandhan Business Cycle Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Bandhan Business Cycle Fund Direct-IDCW
- Is it safe to invest in Bandhan Business Cycle Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Business Cycle Fund - Direct Plan comes under Very High risk category.
- What is the category of Bandhan Business Cycle Fund - Direct Plan?Bandhan Business Cycle Fund - Direct Plan belongs to the Equity : Thematic-Business Cycle category of funds.
- How Long should I Invest in Bandhan Business Cycle Fund - Direct Plan?The suggested investment horizon of investing into Bandhan Business Cycle Fund - Direct Plan is null. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Business Cycle Fund - Direct Plan?The Bandhan Business Cycle Fund - Direct Plan is managed by Harshal Joshi (Since Sep 10, 2024) , Vishal Biraia (Since Sep 10, 2024) and Ritika Behera (Since Sep 10, 2024).
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