MF Gyan
sectorHigh risk2 years old

Bandhan Business Cycle Fund - Direct Plan - IDCW

Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings. From Bandhan Mutual Fund. It's been running since 1 Oct 2024.

This fund is under 3 years old — its short track record makes comparing to peers or judging consistency less reliable.
Latest price per unit
₹10.138
▲ 0.24% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.01 L
▲ ₹1.4k gain · 1.4% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹60.0k
Value today₹61.0k
Gain / loss+₹1.0k
XIRR (annualised)3.69%
Looking forward · hypothetical
You would invest₹60.0k
Would become*₹61.2k
Projected gain*+₹1.2k
*at this fund's historical rate of 3.69% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 109 other funds in Equity Schemes - Thematic Fund

Same plan
1-year return
1.36%median 6.58% (-5.22%)
Rank #59 of 110Beats 39% of peers
Bumpiness (3Y)
15.36%median 15.81% (-0.45%)
Rank #42 of 110Less risky than 60% of peers
Worst-ever drop
-17.58%median -22.78% (+5.20%)
Rank #79 of 110Less risky than 28% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 1 of last 3 years were positive.

-2%
2024
+6%
2025
-3%
2026
Best year
2025 · 5.77%
Worst year
2026 · -2.86%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
15.4%

The value swings roughly 15% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-17.58%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of Bandhan Business Cycle Fund - Direct Plan - IDCW against other sector funds.

Technical details (for the pros)
CAGR — 1 year1.36%
CAGR — 3 years—
CAGR — 5 years—
CAGR — since launch0.64%
Volatility — 1 year (annualised)15.01%
Volatility — 3 years (annualised)15.36%
Max drawdown — 1 year-17.58%
Max drawdown — 3 years-17.58%
Sharpe ratio — 1 year (rf=6%)-0.31
Sharpe ratio — 3 years (rf=6%)-0.35

Fund info

Fund house
Bandhan Mutual Fund
Category
Equity Schemes - Thematic Fund
Plan
Direct
Option
IDCW
ISIN (Growth)
INF194KB1IL7
ISIN (Div re-invest)
INF194KB1IM5
Fund code
152879
First price on record
1 Oct 2024 · 483 daily prices

About Bandhan Business Cycle Fund - Direct Plan - IDCW

Bandhan Business Cycle Fund - Direct Plan - IDCW is a Equity Schemes - Thematic Fund offered by Bandhan Mutual Fund under the Direct plan with the IDCW option. It has approximately 2 years of NAV track record. The fund falls in the sector category — Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

The current NAV of Bandhan Business Cycle Fund - Direct Plan - IDCW is ₹10.1380 (as of 4 Sep 2026). Historically, it has delivered 1.36% over the last year. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 15.4% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 17.6%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of Bandhan Business Cycle Fund - Direct Plan - IDCW?+

The latest NAV of Bandhan Business Cycle Fund - Direct Plan - IDCW is ₹10.1380 as of 4 Sep 2026, up 0.24% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Bandhan Business Cycle Fund - Direct Plan - IDCW?+

Bandhan Business Cycle Fund - Direct Plan - IDCW has delivered 1-year return 1.36%, since-inception CAGR 0.64%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Bandhan Business Cycle Fund - Direct Plan - IDCW belong to?+

Bandhan Business Cycle Fund - Direct Plan - IDCW is categorised as Equity Schemes - Thematic Fund. Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

How risky is Bandhan Business Cycle Fund - Direct Plan - IDCW?+

Based on its 3-year annualised volatility of 15.4%, Bandhan Business Cycle Fund - Direct Plan - IDCW sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Bandhan Business Cycle Fund - Direct Plan - IDCW a direct plan?+

Bandhan Business Cycle Fund - Direct Plan - IDCW is a Direct plan (no distributor commission — lower expense ratio) with the IDCW option (periodic distributions, taxable at your slab rate).

How old is Bandhan Business Cycle Fund - Direct Plan - IDCW?+

Bandhan Business Cycle Fund - Direct Plan - IDCW has NAV history available from 1 Oct 2024 — approximately 2 years of track record and 483 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.