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Sectoral / Thematic · Bandhan Mutual Fund · AMFI code 152880Bandhan Business Cycle Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹1,100 Cr
down ₹65.4 Cr vs Jul 2026
- Stocks held
- 86
- down 6 vs Jul 2026
- Top 10 weight
- 38.5%
- of the portfolio in its ten largest
- Cash & debt
- 0.1%
- cash, money market and debt
- Moves this month
- 4 in · 10 out
- added to 10, trimmed 53
Bandhan Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Bandhan Mutual Fund. In August 2026 it disclosed 86 stocks worth ₹1,100 Cr, down ₹65.4 Cr from Jul 2026. Its largest positions were Axis Bank Limited (5.3%), HDFC Bank Limited (4.6%), Reliance Industries Limited (4.4%); the ten largest together made up 38.5% of the portfolio, and Banks was the biggest sector at 25.6% of its equity. Cash and debt stood at 0.1%. Compared with Jul 2026 the fund entered 4 new stocks and exited 10.
Against 229 other Sectoral / Thematic funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
98%
Holds more stocks than 98% of peers
Cash
1%
Holds more cash than 1% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Axis Bank Limited | 5.26% | up 0.48 pts | ₹57.9 Cr | up ₹2.1 Cr | Added |
| HDFC Bank Limited | 4.56% | down 0.13 pts | ₹50.2 Cr | down ₹4.5 Cr | Trimmed |
| Reliance Industries Limited | 4.42% | up 0.05 pts | ₹48.6 Cr | down ₹2.3 Cr | Trimmed |
| ICICI Bank Limited | 4.28% | down 0.19 pts | ₹47.1 Cr | down ₹5 Cr | Trimmed |
| One 97 Communications Limited | 3.74% | up 0.53 pts | ₹41.1 Cr | up ₹3.7 Cr | Added |
| Bajaj Finance Limited | 3.65% | down 0.12 pts | ₹40.1 Cr | down ₹3.8 Cr | Trimmed |
| Bharti Airtel Limited | 3.45% | down 0.24 pts | ₹37.9 Cr | down ₹5 Cr | Trimmed |
| Larsen & Toubro Limited | 3.22% | up 0.23 pts | ₹35.4 Cr | up ₹58 L | Added |
| NTPC Limited | 3.08% | down <0.01 pts | ₹33.9 Cr | down ₹2.1 Cr | Trimmed |
| Infosys Limited | 2.80% | up 0.08 pts | ₹30.8 Cr | down ₹87 L | Trimmed |
| Kotak Mahindra Bank Limited | 2.61% | up 0.27 pts | ₹28.8 Cr | up ₹1.5 Cr | Added |
| State Bank of India | 2.56% | up 0.14 pts | ₹28.2 Cr | down ₹1 L | Held |
| UltraTech Cement Limited | 2.00% | up 0.55 pts | ₹22 Cr | up ₹5.1 Cr | Added |
| IDFC First Bank Limited | 1.98% | up 0.06 pts | ₹21.8 Cr | down ₹55 L | Trimmed |
| City Union Bank Limited | 1.82% | up 0.15 pts | ₹20 Cr | up ₹56 L | Added |
| Acme Solar Holdings Ltd | 1.73% | down <0.01 pts | ₹19.1 Cr | down ₹1.2 Cr | Trimmed |
| Fortis Healthcare Limited | 1.69% | up 0.02 pts | ₹18.6 Cr | down ₹88 L | Trimmed |
| Sundaram Clayton Limited | 1.57% | up 0.10 pts | ₹17.2 Cr | up ₹18 L | Added |
| InterGlobe Aviation Limited | 1.50% | up 0.04 pts | ₹16.5 Cr | down ₹47 L | Trimmed |
| Adani Ports and Special Economic Zone Limited | 1.44% | down 0.06 pts | ₹15.9 Cr | down ₹1.6 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.44% | up 0.06 pts | ₹15.9 Cr | down ₹29 L | Trimmed |
| MphasiS Limited | 1.41% | up 0.09 pts | ₹15.5 Cr | up ₹9 L | Added |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.24% | up 1.24 pts | ₹13.6 Cr | up ₹13.6 Cr | New |
| Fusion Finance Limited | 1.19% | up <0.01 pts | ₹13.1 Cr | down ₹77 L | Trimmed |
| India Financial Services Ltd | 1.15% | up 0.04 pts | ₹12.6 Cr | down ₹33 L | Trimmed |
| Coromandel International Limited | 1.14% | down 0.17 pts | ₹12.6 Cr | down ₹2.7 Cr | Trimmed |
| Tata Power Company Limited | 1.13% | down 0.04 pts | ₹12.5 Cr | down ₹1.2 Cr | Trimmed |
| Aurobindo Pharma Limited | 1.08% | up 0.12 pts | ₹11.9 Cr | up ₹67 L | Added |
| Tega Industries Limited | 1.07% | up 0.12 pts | ₹11.8 Cr | up ₹64 L | Added |
| Maruti Suzuki India Limited | 1.05% | down 0.02 pts | ₹11.5 Cr | down ₹89 L | Trimmed |
| Bharat Electronics Limited | 1.04% | up 0.09 pts | ₹11.5 Cr | up ₹35 L | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.01% | down 0.02 pts | ₹11.2 Cr | down ₹89 L | Trimmed |
| UPL Limited | 1.01% | down 0.02 pts | ₹11.1 Cr | down ₹95 L | Trimmed |
| Ujjivan Small Finance Bank Limited | 0.95% | up 0.01 pts | ₹10.5 Cr | down ₹51 L | Trimmed |
| Hero MotoCorp Limited | 0.94% | down 0.07 pts | ₹10.4 Cr | down ₹1.4 Cr | Trimmed |
| Metropolis Healthcare Limited | 0.92% | down 0.05 pts | ₹10.1 Cr | down ₹1.1 Cr | Trimmed |
| Epigral Limited | 0.89% | up 0.11 pts | ₹9.8 Cr | up ₹71 L | Added |
| Bank of India | 0.88% | up 0.27 pts | ₹9.7 Cr | up ₹2.5 Cr | Added |
| KEC International Limited | 0.84% | down 0.09 pts | ₹9.2 Cr | down ₹1.6 Cr | Trimmed |
| GMR Airports Limited | 0.82% | down 0.06 pts | ₹9 Cr | down ₹1.3 Cr | Trimmed |
| Tata Technologies Limited | 0.82% | up 0.10 pts | ₹9 Cr | up ₹65 L | Added |
| The Phoenix Mills Limited | 0.81% | up 0.10 pts | ₹9 Cr | up ₹60 L | Added |
| Varun Beverages Limited | 0.78% | down 0.03 pts | ₹8.6 Cr | down ₹90 L | Trimmed |
| HDFC Life Insurance Company Limited | 0.78% | up 0.04 pts | ₹8.5 Cr | down ₹8 L | Trimmed |
| FSN E-Commerce Ventures Limited | 0.75% | up 0.05 pts | ₹8.2 Cr | up ₹6 L | Added |
| Swiggy Limited | 0.74% | up 0.01 pts | ₹8.2 Cr | down ₹42 L | Trimmed |
| Can Fin Homes Limited | 0.72% | down <0.01 pts | ₹7.9 Cr | down ₹50 L | Trimmed |
| Arvind Fashions Limited | 0.71% | up 0.02 pts | ₹7.8 Cr | down ₹27 L | Trimmed |
| Cipla Limited | 0.70% | down 0.02 pts | ₹7.7 Cr | down ₹68 L | Trimmed |
| SBI Life Insurance Company Limited | 0.70% | down 0.02 pts | ₹7.7 Cr | down ₹70 L | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (4)
- DDB DEWAN HSG FINANCE CORPORATION LTD1.2% · ₹13.6 Cr
- Sequent Scientific Limited0.5% · ₹5.6 Cr
- Shiprocket Limited0.5% · ₹5.3 Cr
- Brigade Enterprises Limited0.1% · ₹1.1 Cr
Exited Exited (10)
- Godrej Properties Limitedwas 0.5% · ₹6.1 Cr
- Cummins India Limitedwas 0.5% · ₹5.6 Cr
- Adani Enterprises Limitedwas 0.4% · ₹5.2 Cr
- PB Fintech Limitedwas 0.4% · ₹4.8 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Finance (+1.0 pts) and Banks (+0.9 pts), and fell most in Insurance (−0.7 pts) and Industrial Products (−0.5 pts).
- Finance8.1% → 9.2%+1.0 pts
- Banks24.6% → 25.6%+0.9 pts
- Pharmaceuticals & Biotechnology2.7% → 3.5%+0.8 pts
- Cement & Cement Products2.0% → 2.5%+0.5 pts
- Transport Services1.5% → 2.0%+0.5 pts
- Diversified Metals0.3% → 0.5%+0.3 pts
- Insurance3.0% → 2.3%−0.7 pts
- Industrial Products1.1% → 0.6%−0.5 pts
- IT - Software6.4% → 6.0%−0.5 pts
- Metals & Minerals Trading0.5% → 0.0%exited−0.5 pts
- Construction6.1% → 5.7%−0.4 pts
- Realty1.2% → 0.9%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jul 2026 | Aug 2026 |
|---|---|---|
| Banks | 24.6% | 25.6% |
| Finance | 8.1% | 9.2% |
| Power | 8.1% | 8.0% |
| IT - Software | 6.4% | 6.0% |
| Construction | 6.1% | 5.7% |
| Petroleum Products | 4.4% | 4.4% |
| Financial Technology (fintech) | 3.6% | 3.7% |
| Pharmaceuticals & Biotechnology | 2.7% | 3.5% |
| Telecom - Services | 3.7% | 3.5% |
| Fertilizers & Agrochemicals | 2.8% | 2.6% |
Allocation in Aug 2026change vs Jul 2026
- Banks (10)25.6%▲ 0.9 pts
- Finance (9)9.2%▲ 1.0 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Aug 2026
0.1%
▼ 0.6 pts vs Jul 2026
- Cash alone
- 0.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.1% – 0.7%
- lowest to highest · record 0.7% in Jul 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.