360 ONE ELSS Tax Saver Nifty 50 Index Fund vs Bandhan Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE ELSS Tax Saver Nifty 50 Index Fund is an Index fund and Bandhan Business Cycle Fund is a Thematic fund. In the year to 30-10-2026, 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) returned −10.2% and Bandhan Business Cycle Fund (Direct) returned −8.9%. 360 ONE ELSS Tax Saver Nifty 50 Index Fund charges 0.37% a year and Bandhan Business Cycle Fund 1.02% (Direct plans). Their portfolios overlap 45.9%: they hold 23 of the same securities.
360 ONE ELSS Tax Saver Nifty 50 Index Fund
Index
- 1 year return
- −10.2%
- Expense ratio
- 0.37%
- NAV
- ₹13.11
Bandhan Business Cycle Fund
Thematic
- 1 year return
- −8.9%
- Expense ratio
- 1.02%
- NAV
- ₹9.54
Which is better, 360 ONE ELSS Tax Saver Nifty 50 Index or Bandhan Business Cycle? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Business Cycle returned more over 1 year: −8.9% against −10.2%.
- 360 ONE ELSS Tax Saver Nifty 50 Index costs less: 0.37% a year against 1.02% (Direct plans).
- 360 ONE ELSS Tax Saver Nifty 50 Index fell less in its worst fall since 01-10-2024: −15.0% against −17.6%.
- 360 ONE ELSS Tax Saver Nifty 50 Index holds more in large companies: 98.3% of the fund in large caps against 55.7%.
- Bandhan Business Cycle is the larger fund: ₹1,100 Cr against ₹65 Cr.
- Their portfolios overlap 45.9%: 23 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | 360 ONE ELSS Tax Saver Nifty 50 Index Fund | Bandhan Business Cycle Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Bandhan Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹65 Cr (30-09-2026) | ₹1,100 Cr (31-08-2026) |
| NAV | ₹13.11 (Direct) | ₹9.54 (Direct) |
| Expense ratio (Direct) | 0.37% | 1.02% |
| Expense ratio (Regular) | 0.62% | 2.47% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 500 TRI |
| Launch date | 28-12-2022 | 30-09-2024 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Viral Mehta, Pranav Mise | Vishal Biraia, Ritika Behera, Harshal Joshi, Brijesh Shah, Gaurav Satra |
| Exit load | Nil | Exit load of 0.50%, if redeemed within 30 days. |
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | +1.84% | −5.10% | −3.32% | −10.18% | +7.32% | -- | -- |
| Bandhan Business Cycle Fund (Direct) | −1.32% | −5.24% | −1.79% | −8.94% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: Year-wise Returns
| Year | 360 ONE ELSS Tax Saver Nifty 50 Index360 ONE ELSS Tax Saver Nifty 50 Index | Bandhan Business CycleBandhan Business Cycle |
|---|---|---|
| 2026to date | −11.05% | −8.28% |
| 2025 | +11.53% | +6.22% |
| 2024 | +9.78% | -- |
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of 360 ONE ELSS Tax Saver Nifty 50 Index Fund
Rolling returns
Every 1-year holding period, 264 of them, one for each trading day from 01-10-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct)
Bandhan Business Cycle Fund (Direct)
Nifty 50 TRI
to
Nov 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index | 46.2 | 14.0 | 21.2 | 18.6 | 0.0 | 0.0 | 0.0 | 2.0% | 0.7% | −11.9% | 14.0% | 0% |
| Bandhan Business Cycle | 34.7 | 29.9 | 27.2 | 7.5 | 0.7 | 0.0 | 0.0 | 2.6% | 2.5% | −10.1% | 16.0% | 58% |
| Nifty 50 TRI | 45.8 | 13.6 | 20.5 | 20.1 | 0.0 | 0.0 | 0.0 | 2.2% | 0.8% | −11.8% | 14.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 50 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 01-10-2024. Past returns do not promise future returns.
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | ₹2,50,000 | ₹2,39,586 | −₹10,414 | −3.9% |
| Bandhan Business CycleBandhan Business Cycle Fund (Direct) | ₹2,50,000 | ₹2,43,726 | −₹6,274 | −2.3% |
360 ONE ELSS Tax Saver Nifty 50 Index360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct)
Bandhan Business CycleBandhan Business Cycle Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | Bandhan Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.18% | −8.94% |
| Standard deviation | 13.55% | 15.54% |
| Sharpe ratio | -1.14 | -0.91 |
| Sortino ratio | -1.52 | -1.23 |
| Maximum drawdown | −15.0% (31-03-2026) | −17.6% (30-03-2026) |
| Beta | 0.99 | 1.06 |
| Alpha | −0.27% | −0.88% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | Bandhan Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.25% | −2.32% |
| Standard deviation | 12.42% | 15.22% |
| Sharpe ratio | 0.09 | -0.53 |
| Sortino ratio | 0.12 | -0.71 |
| Maximum drawdown | −15.4% (04-03-2025) | −17.6% (30-03-2026) |
| Beta | 0.99 | 1.04 |
| Alpha | −0.36% | +1.99% |
From daily NAVs, 02-01-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct)
Bandhan Business Cycle Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −11.7% |
| Bandhan Business Cycle Fund (Direct) | −17.6% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 01-10-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct)
Bandhan Business Cycle Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | 98% | 100% | 0.15% |
| Bandhan Business Cycle Fund (Direct) | 109% | 105% | 6.85% |
From month-end values since 01-10-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE ELSS Tax Saver Nifty 50 Index Fund, September 2026; Bandhan Business Cycle Fund, August 2026
Holdings in common
- Overlap
- 45.9%
- Held by both
- 23
- Only in 360 ONE ELSS Tax Saver Nifty 50 Index
- 27
- Only in Bandhan Business Cycle
- 61
| Security | % of 360 ONE ELSS Tax Saver Nifty 50 Index | % of Bandhan Business Cycle |
|---|---|---|
| HDFC Bank Limited | 10.47% | 4.56% |
| Reliance Industries Limited | 7.74% | 4.42% |
| ICICI Bank Limited | 9.12% | 4.28% |
| Bharti Airtel Limited | 5.08% | 3.45% |
| Axis Bank Limited | 3.40% | 5.26% |
| Larsen & Toubro Limited | 4.25% | 3.22% |
| Infosys Limited | 3.36% | 2.80% |
| Kotak Mahindra Bank Limited | 2.96% | 2.61% |
| State Bank of India | 3.83% | 2.56% |
| Bajaj Finance Limited | 2.48% | 3.65% |
| NTPC Limited | 1.48% | 3.08% |
| Tata Consultancy Services Limited | 2.02% | 1.44% |
| Adani Ports and Special Economic Zone Limited | 1.27% | 1.44% |
| UltraTech Cement Limited | 1.25% | 2.00% |
| InterGlobe Aviation Limited | 1.09% | 1.50% |
| Maruti Suzuki India Limited | 1.51% | 1.05% |
| Bharat Electronics Limited | 1.34% | 1.04% |
| Shriram Finance Limited | 1.33% | 1.01% |
| SBI Life Insurance Company Limited | 0.74% | 0.70% |
| Cipla Limited | 0.73% | 0.70% |
| HDFC Life Insurance Company Limited | 0.54% | 0.78% |
| Wipro Limited | 0.41% | 0.33% |
| Bajaj Finserv Limited | 0.96% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.9% means 45.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in 360 ONE ELSS Tax Saver Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.54% |
| ITC Limited | 2.44% |
| Eternal Limited | 2.22% |
| Sun Pharmaceutical Industries Limited | 1.86% |
| Titan Company Limited | 1.83% |
Largest holdings only in Bandhan Business Cycle Fund
| Security | % of fund |
|---|---|
| One 97 Communications Limited | 3.74% |
| IDFC First Bank Limited | 1.98% |
| City Union Bank Limited | 1.82% |
| Acme Solar Holdings Ltd | 1.73% |
| Fortis Healthcare Limited | 1.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE ELSS Tax Saver Nifty 50 Index | Bandhan Business Cycle |
|---|---|---|
| Equity | 99.7% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 0.1% |
Market cap of stocks
| Market cap | 360 ONE ELSS Tax Saver Nifty 50 Index | Bandhan Business Cycle |
|---|---|---|
| Large Cap | 98.3% | 55.7% |
| Mid Cap | 1.4% | 22.8% |
| Small Cap | 0.0% | 20.9% |
| Not on AMFI's list | 0.0% | 0.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | 360 ONE ELSS Tax Saver Nifty 50 Index | Bandhan Business Cycle |
|---|---|---|
| Banks | 29.8% | 25.6% |
| Finance | 5.5% | 9.2% |
| IT - Software | 8.0% | 6.0% |
| Power | 2.6% | 7.9% |
| Petroleum Products | 7.7% | 4.4% |
| Automobiles | 6.7% | 2.0% |
| Construction | 4.3% | 5.7% |
| Telecom - Services | 5.1% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE ELSS Tax Saver Nifty 50 Index vs Bandhan Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE ELSS Tax Saver Nifty 50 Index Fund | Bandhan Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 1.02% |
| Base expense ratio (Direct) | 0.31% | 0.67% |
| Total expense ratio (Regular) | 0.62% | 2.47% |
| Base expense ratio (Regular) | 0.52% | 1.93% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
360 ONE ELSS Tax Saver Nifty 50 Index Fund vs Bandhan Business Cycle Fund: Frequently Asked Questions
What is the difference between 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Bandhan Business Cycle Fund?
360 ONE ELSS Tax Saver Nifty 50 Index Fund is an Index fund, Bandhan Business Cycle Fund is a Thematic fund, run by 360 ONE Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 45.9%. 360 ONE ELSS Tax Saver Nifty 50 Index Fund charges 0.37% a year and Bandhan Business Cycle Fund 1.02%.
Which has given higher returns, 360 ONE ELSS Tax Saver Nifty 50 Index Fund or Bandhan Business Cycle Fund?
Over 1 year: 360 ONE ELSS Tax Saver Nifty 50 Index Fund −10.18%, Bandhan Business Cycle Fund −8.94%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, 360 ONE ELSS Tax Saver Nifty 50 Index Fund or Bandhan Business Cycle Fund?
360 ONE ELSS Tax Saver Nifty 50 Index Fund charges less: 0.37% a year against 1.02%. These are the Direct plans' total expense ratios reported to AMFI.
How much do 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Bandhan Business Cycle Fund overlap?
45.9%. They hold 23 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE ELSS Tax Saver Nifty 50 Index Fund or Bandhan Business Cycle Fund?
On SEBI's riskometer, 360 ONE ELSS Tax Saver Nifty 50 Index Fund is rated Very High and Bandhan Business Cycle Fund Very High. Over 1 years, the standard deviation of daily returns was 13.55% and 15.54% a year.
Can I invest in both 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Bandhan Business Cycle Fund?
Yes. 45.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Bandhan Business Cycle Fund?
360 ONE ELSS Tax Saver Nifty 50 Index Fund: Viral Mehta, Pranav Mise. Bandhan Business Cycle Fund: Vishal Biraia, Ritika Behera, Harshal Joshi, Brijesh Shah, Gaurav Satra.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.