Bandhan Balanced Advantage Fund vs Bandhan Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Balanced Advantage Fund is a Balanced Advantage fund and Bandhan Business Cycle Fund is a Thematic fund. In the year to 30-10-2026, Bandhan Balanced Advantage Fund (Direct) returned 0.6% and Bandhan Business Cycle Fund (Direct) returned −8.9%. Bandhan Balanced Advantage Fund charges 1.07% a year and Bandhan Business Cycle Fund 1.02% (Direct plans). Their portfolios overlap 50.2%: they hold 58 of the same securities.
Bandhan Balanced Advantage Fund
Balanced Advantage
- 1 year return
- 0.6%
- Expense ratio
- 1.07%
- NAV
- ₹28.91
Bandhan Business Cycle Fund
Thematic
- 1 year return
- −8.9%
- Expense ratio
- 1.02%
- NAV
- ₹9.54
Which is better, Bandhan Balanced Advantage 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 Balanced Advantage returned more over 1 year: 0.6% against −8.9%.
- Bandhan Business Cycle costs less: 1.02% a year against 1.07% (Direct plans).
- Bandhan Balanced Advantage fell less in its worst fall since 01-10-2024: −8.3% against −17.6%.
- Bandhan Balanced Advantage is the larger fund: ₹2,286 Cr against ₹1,100 Cr.
- Their portfolios overlap 50.2%: 58 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 | Bandhan Balanced Advantage Fund | Bandhan Business Cycle Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Balanced Advantage | Thematic |
| AUM | ₹2,286 Cr (31-08-2026) | ₹1,100 Cr (31-08-2026) |
| NAV | ₹28.91 (Direct) | ₹9.54 (Direct) |
| Expense ratio (Direct) | 1.07% | 1.02% |
| Expense ratio (Regular) | 2.32% | 2.47% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 500 TRI |
| Launch date | 10-10-2014 | 30-09-2024 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra | Vishal Biraia, Ritika Behera, Harshal Joshi, Brijesh Shah, Gaurav Satra |
| Exit load | Exit load of 0.50%, if redeemed within 90 days. | Exit load of 0.50%, if redeemed within 30 days. |
Bandhan Balanced Advantage 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | −0.67% | −2.07% | +0.95% | +0.64% | +9.42% | +7.66% | +9.67% |
| Bandhan Business Cycle Fund (Direct) | −1.32% | −5.24% | −1.79% | −8.94% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 235 Thematic funds, same plan type.
Bandhan Balanced Advantage vs Bandhan Business Cycle: Year-wise Returns
| Year | Balanced AdvantageBandhan Balanced Advantage | Business CycleBandhan Business Cycle |
|---|---|---|
| 2026to date | −0.37% | −8.28% |
| 2025 | +6.45% | +6.22% |
| 2024 | +16.06% | -- |
| 2023 | +16.45% | -- |
| 2022 | −0.44% | -- |
| 2021 | +17.25% | -- |
Bandhan Balanced Advantage vs Bandhan Business Cycle: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Bandhan Business Cycle Fund
Rolling returns
Every 1-year holding period, 268 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.
Bandhan Balanced Advantage Fund (Direct)
Bandhan Business Cycle Fund (Direct)
Nifty 500 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage | 0.4 | 38.1 | 56.0 | 5.6 | 0.0 | 0.0 | 0.0 | 5.8% | 5.8% | −0.2% | 12.3% | 71% |
| 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% | 13% |
| Nifty 500 TRI | 25.4 | 31.7 | 31.7 | 8.6 | 2.6 | 0.0 | 0.0 | 3.7% | 3.3% | −9.0% | 17.6% | -- |
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 500 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.
Bandhan Balanced Advantage 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 |
|---|---|---|---|---|
| Bandhan Balanced AdvantageBandhan Balanced Advantage Fund (Direct) | ₹2,50,000 | ₹2,58,756 | ₹8,756 | 3.2% |
| Bandhan Business CycleBandhan Business Cycle Fund (Direct) | ₹2,50,000 | ₹2,43,726 | −₹6,274 | −2.3% |
Bandhan Balanced AdvantageBandhan Balanced Advantage 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.
Bandhan Balanced Advantage vs Bandhan Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Balanced Advantage Fund (Direct) | Bandhan Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.64% | −8.94% |
| Standard deviation | 8.27% | 15.54% |
| Sharpe ratio | -0.56 | -0.91 |
| Sortino ratio | -0.77 | -1.23 |
| Maximum drawdown | −8.3% (30-03-2026) | −17.6% (30-03-2026) |
| Beta | -- | 1.06 |
| Alpha | -- | −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 | Bandhan Balanced Advantage Fund (Direct) | Bandhan Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.19% | −2.32% |
| Standard deviation | 8.51% | 15.22% |
| Sharpe ratio | 0.41 | -0.53 |
| Sortino ratio | 0.55 | -0.71 |
| Maximum drawdown | −25.9% (23-03-2020) | −17.6% (30-03-2026) |
| Beta | -- | 1.04 |
| Alpha | -- | +1.99% |
From daily NAVs, 13-10-2014 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.
Bandhan Balanced Advantage Fund (Direct)
Bandhan Business Cycle Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | −8.3% | 02-01-2026 | 30-03-2026 | 22-06-2026 | 3 months | −3.5% |
| Bandhan Business Cycle Fund (Direct) | −17.6% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
| Nifty 500 TRI | −17.8% | 01-10-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.4% |
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.
Bandhan Balanced Advantage Fund (Direct)
Bandhan Business Cycle Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Balanced Advantage Fund (Direct) | 69% | 49% | 7.17% |
| Bandhan Business Cycle Fund (Direct) | 103% | 104% | 3.03% |
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.
Bandhan Balanced Advantage vs Bandhan Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Balanced Advantage Fund, August 2026; Bandhan Business Cycle Fund, August 2026
Holdings in common
- Overlap
- 50.2%
- Held by both
- 58
- Only in Bandhan Balanced Advantage
- 84
- Only in Bandhan Business Cycle
- 26
| Security | % of Bandhan Balanced Advantage | % of Bandhan Business Cycle |
|---|---|---|
| ICICI Bank Limited | 4.27% | 4.28% |
| Reliance Industries Limited | 3.91% | 4.42% |
| Bajaj Finance Limited | 3.58% | 3.65% |
| Bharti Airtel Limited | 3.63% | 3.45% |
| HDFC Bank Limited | 3.14% | 4.56% |
| Larsen & Toubro Limited | 2.16% | 3.22% |
| One 97 Communications Limited | 1.97% | 3.74% |
| UltraTech Cement Limited | 1.96% | 2.00% |
| Axis Bank Limited | 1.93% | 5.26% |
| State Bank of India | 1.83% | 2.56% |
| Kotak Mahindra Bank Limited | 1.82% | 2.61% |
| Infosys Limited | 1.18% | 2.80% |
| InterGlobe Aviation Limited | 1.15% | 1.50% |
| Tata Power Company Limited | 0.87% | 1.13% |
| Varun Beverages Limited | 0.95% | 0.78% |
| IDFC First Bank Limited | 0.74% | 1.98% |
| Tata Consultancy Services Limited | 0.71% | 1.44% |
| Shriram Finance Limited | 0.70% | 1.01% |
| NTPC Limited | 0.67% | 3.08% |
| IndusInd Bank Limited | 0.79% | 0.65% |
| United Spirits Limited | 0.70% | 0.65% |
| HDFC Life Insurance Company Limited | 0.65% | 0.78% |
| Piramal Finance Limited | 0.60% | 1.24% |
| The Phoenix Mills Limited | 0.58% | 0.81% |
| Tega Industries Limited | 0.53% | 1.07% |
| Aurobindo Pharma Limited | 0.52% | 1.08% |
| Glenmark Pharmaceuticals Limited | 0.52% | 0.57% |
| Garware Technical Fibres Limited | 0.61% | 0.50% |
| City Union Bank Limited | 0.50% | 1.82% |
| UPL Limited | 0.49% | 1.01% |
| Adani Ports and Special Economic Zone Limited | 0.48% | 1.44% |
| Divi's Laboratories Limited | 0.55% | 0.45% |
| Fortis Healthcare Limited | 0.44% | 1.69% |
| Vedanta Limited | 0.42% | 0.54% |
| Mphasis Limited | 0.41% | 1.41% |
| Sharda Cropchem Limited | 0.40% | 0.49% |
| FSN E-Commerce Ventures Limited | 0.40% | 0.75% |
| Bharat Electronics Limited | 0.39% | 1.04% |
| Torrent Power Limited | 0.38% | 0.69% |
| SBI Life Insurance Company Limited | 0.36% | 0.70% |
| Wipro Limited | 0.45% | 0.33% |
| Ambuja Cements Limited | 0.32% | 0.31% |
| ICICI Lombard General Insurance Company Limited | 0.29% | 0.35% |
| Viyash Scientific Limited | 0.25% | 0.51% |
| Thirumalai Chemicals Limited | 0.25% | 0.23% |
| Dalmia Bharat Limited | 0.28% | 0.20% |
| Angel One Limited | 0.19% | 0.31% |
| Cohance Lifesciences Limited | 0.25% | 0.17% |
| Fusion Finance Limited | 0.17% | 1.19% |
| Vedanta Power Ltd | 0.15% | 0.34% |
| CG Power and Industrial Solutions Limited | 0.14% | 0.44% |
| KEC International Limited | 0.14% | 0.84% |
| Hero MotoCorp Limited | 0.12% | 0.94% |
| Cipla Limited | 0.11% | 0.70% |
| Excelsoft Technologies Limited | 0.10% | 0.21% |
| Bajaj Finserv Limited | 0.07% | 0.19% |
| Brigade Enterprises Limited | 0.05% | 0.10% |
| Maruti Suzuki India Limited | 0.03% | 1.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.2% means 50.2% 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 Bandhan Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Axis Bank Limited | 4.23% |
| 7.53% Bajaj Housing Finance Limited | 2.16% |
| Bank of Baroda | 2.15% |
| Small Industries Dev Bank of India | 2.12% |
| Sundaram Finance Limited | 2.12% |
Largest holdings only in Bandhan Business Cycle Fund
| Security | % of fund |
|---|---|
| Acme Solar Holdings Ltd | 1.73% |
| Sundaram Clayton Limited | 1.57% |
| PTC India Financial Services Limited | 1.15% |
| Coromandel International Limited | 1.14% |
| Ujjivan Small Finance Bank Limited | 0.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Balanced Advantage | Bandhan Business Cycle |
|---|---|---|
| Equity | 69.7% | 99.9% |
| Debt | 28.5% | 0.0% |
| Cash and others | 1.8% | 0.1% |
Market cap of stocks
| Market cap | Bandhan Balanced Advantage | Bandhan Business Cycle |
|---|---|---|
| Large Cap | 47.8% | 55.7% |
| Mid Cap | 13.0% | 22.8% |
| Small Cap | 8.3% | 20.9% |
| Not on AMFI's list | 0.5% | 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 | Bandhan Balanced Advantage | Bandhan Business Cycle |
|---|---|---|
| Banks | 15.2% | 25.6% |
| Finance | 6.7% | 9.2% |
| Power | 2.5% | 7.9% |
| IT - Software | 3.7% | 6.0% |
| Construction | 2.6% | 5.7% |
| Petroleum Products | 3.9% | 4.4% |
| Telecom - Services | 3.8% | 3.5% |
| Pharmaceuticals & Biotechnology | 3.5% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Balanced Advantage vs Bandhan Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Balanced Advantage Fund | Bandhan Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 1.02% |
| Base expense ratio (Direct) | 0.67% | 0.67% |
| Total expense ratio (Regular) | 2.32% | 2.47% |
| Base expense ratio (Regular) | 1.74% | 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
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Bandhan Balanced Advantage Fund vs Bandhan Business Cycle Fund: Frequently Asked Questions
What is the difference between Bandhan Balanced Advantage Fund and Bandhan Business Cycle Fund?
Bandhan Balanced Advantage Fund is a Balanced Advantage fund, Bandhan Business Cycle Fund is a Thematic fund, run by Bandhan Mutual Fund. Their portfolios overlap 50.2%. Bandhan Balanced Advantage Fund charges 1.07% a year and Bandhan Business Cycle Fund 1.02%.
Which has given higher returns, Bandhan Balanced Advantage Fund or Bandhan Business Cycle Fund?
Over 1 year: Bandhan Balanced Advantage Fund +0.64%, Bandhan Business Cycle Fund −8.94%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Balanced Advantage Fund or Bandhan Business Cycle Fund?
Bandhan Business Cycle Fund charges less: 1.02% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Balanced Advantage Fund and Bandhan Business Cycle Fund overlap?
50.2%. They hold 58 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, BAJFINANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Balanced Advantage Fund or Bandhan Business Cycle Fund?
On SEBI's riskometer, Bandhan Balanced Advantage Fund is rated Very High and Bandhan Business Cycle Fund Very High. Over 1 years, the standard deviation of daily returns was 8.27% and 15.54% a year.
Can I invest in both Bandhan Balanced Advantage Fund and Bandhan Business Cycle Fund?
Yes. 50.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Balanced Advantage Fund and Bandhan Business Cycle Fund?
Bandhan Balanced Advantage Fund: Manish Gunwani, Brijesh Shah, Vishal Biraia, Ritika Behera, Gaurav Satra. 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.