Bandhan Nifty Alpha 50 Index Fund vs Edelweiss Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Alpha 50 Index Fund is an Index fund and Edelweiss Business Cycle Fund is a Thematic fund. In the year to 30-10-2026, Bandhan Nifty Alpha 50 Index Fund (Direct) returned 1.2% and Edelweiss Business Cycle Fund (Direct) returned −1.8%. Bandhan Nifty Alpha 50 Index Fund charges 0.74% a year and Edelweiss Business Cycle Fund 1.28% (Direct plans). Their portfolios overlap 44.8%: they hold 33 of the same securities.
Bandhan Nifty Alpha 50 Index Fund
Index
- 1 year return
- 1.2%
- Expense ratio
- 0.74%
- NAV
- ₹13.69
Edelweiss Business Cycle Fund
Thematic
- 1 year return
- −1.8%
- Expense ratio
- 1.28%
- NAV
- ₹9.00
Which is better, Bandhan Nifty Alpha 50 Index or Edelweiss 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 Nifty Alpha 50 Index returned more over 1 year: 1.2% against −1.8%.
- Bandhan Nifty Alpha 50 Index costs less: 0.74% a year against 1.28% (Direct plans).
- Edelweiss Business Cycle fell less in its worst fall since 31-07-2024: −26.4% against −31.8%.
- Edelweiss Business Cycle is the larger fund: ₹1,344 Cr against ₹629 Cr.
- Their portfolios overlap 44.8%: 33 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 Nifty Alpha 50 Index Fund | Edelweiss Business Cycle Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Edelweiss Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹629 Cr (31-08-2026) | ₹1,344 Cr (30-09-2026) |
| NAV | ₹13.69 (Direct) | ₹9.00 (Direct) |
| Expense ratio (Direct) | 0.74% | 1.28% |
| Expense ratio (Regular) | 1.38% | 2.74% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Alpha 50 TRI | Nifty 500 TRI |
| Launch date | 09-11-2023 | 29-07-2024 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Bhavesh Jain, Bharat Lahoti, Amit Vora |
| Exit load | Nil | Exit load of 1%, if redeemed within 90 days. |
Bandhan Nifty Alpha 50 Index vs Edelweiss 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 Nifty Alpha 50 Index Fund (Direct) | −3.35% | −2.98% | +2.26% | +1.24% | -- | -- | -- |
| Edelweiss Business Cycle Fund (Direct) | −0.88% | −1.26% | +0.76% | −1.78% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bandhan Nifty Alpha 50 Index vs Edelweiss Business Cycle: Year-wise Returns
| Year | Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index | Edelweiss Business CycleEdelweiss Business Cycle |
|---|---|---|
| 2026to date | +3.21% | −2.78% |
| 2025 | −11.00% | −2.18% |
| 2024 | +31.05% | -- |
Bandhan Nifty Alpha 50 Index vs Edelweiss Business Cycle: Rolling Returns
Every holding period of both funds, against Nifty Alpha 50 TRI, the benchmark of Bandhan Nifty Alpha 50 Index Fund
Rolling returns
Every 1-year holding period, 311 of them, one for each trading day from 31-07-2025 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 Nifty Alpha 50 Index Fund (Direct)
Edelweiss Business Cycle Fund (Direct)
Nifty Alpha 50 TRI
to
Sept 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 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 Nifty Alpha 50 Index | 47.6 | 19.3 | 17.0 | 14.1 | 1.9 | 0.0 | 0.0 | −1.0% | 0.4% | −19.7% | 19.1% | 0% |
| Edelweiss Business Cycle | 45.1 | 25.8 | 18.0 | 5.9 | 4.9 | 0.3 | 0.0 | 0.9% | 0.9% | −14.6% | 21.0% | 59% |
| Nifty Alpha 50 TRI | 43.7 | 19.9 | 18.0 | 14.5 | 3.5 | 0.3 | 0.0 | −0.0% | 1.2% | −18.9% | 20.3% | -- |
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 Alpha 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 31-07-2024. Past returns do not promise future returns.
Bandhan Nifty Alpha 50 Index vs Edelweiss 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 01-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index Fund (Direct) | ₹2,80,000 | ₹2,79,737 | −₹263 | −0.1% |
| Edelweiss Business CycleEdelweiss Business Cycle Fund (Direct) | ₹2,80,000 | ₹2,78,392 | −₹1,608 | −0.5% |
Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index Fund (Direct)
Edelweiss Business CycleEdelweiss 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 Nifty Alpha 50 Index vs Edelweiss Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty Alpha 50 Index Fund (Direct) | Edelweiss Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.24% | −1.78% |
| Standard deviation | 20.20% | 16.39% |
| Sharpe ratio | -0.20 | -0.43 |
| Sortino ratio | -0.27 | -0.58 |
| Maximum drawdown | −15.3% (31-03-2026) | −13.4% (23-03-2026) |
| Beta | 1.00 | 1.06 |
| Alpha | −1.74% | +6.27% |
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 Nifty Alpha 50 Index Fund (Direct) | Edelweiss Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.92% | −4.77% |
| Standard deviation | 22.22% | 16.66% |
| Sharpe ratio | 0.22 | -0.63 |
| Sortino ratio | 0.29 | -0.83 |
| Maximum drawdown | −31.8% (03-03-2025) | −26.4% (28-02-2025) |
| Beta | 1.00 | 1.10 |
| Alpha | −1.87% | −1.77% |
From daily NAVs, 10-11-2023 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.
Bandhan Nifty Alpha 50 Index Fund (Direct)
Edelweiss Business Cycle Fund (Direct)
Nifty Alpha 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty Alpha 50 Index Fund (Direct) | −31.8% | 24-09-2024 | 03-03-2025 | Not yet | -- | −16.6% |
| Edelweiss Business Cycle Fund (Direct) | −26.4% | 24-09-2024 | 28-02-2025 | Not yet | -- | −12.8% |
| Nifty Alpha 50 TRI | −31.3% | 24-09-2024 | 03-03-2025 | Not yet | -- | −13.9% |
From daily values since 31-07-2024, 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 Nifty Alpha 50 Index Fund (Direct)
Edelweiss Business Cycle Fund (Direct)
Nifty Alpha 50 TRI
Against Nifty Alpha 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty Alpha 50 Index Fund (Direct) | 97% | 102% | 0.55% |
| Edelweiss Business Cycle Fund (Direct) | 74% | 77% | 7.66% |
From month-end values since 31-07-2024. 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 Nifty Alpha 50 Index vs Edelweiss Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Alpha 50 Index Fund, August 2026; Edelweiss Business Cycle Fund, September 2026
Holdings in common
- Overlap
- 44.8%
- Held by both
- 33
- Only in Bandhan Nifty Alpha 50 Index
- 17
- Only in Edelweiss Business Cycle
- 42
| Security | % of Bandhan Nifty Alpha 50 Index | % of Edelweiss Business Cycle |
|---|---|---|
| Laurus Labs Limited | 4.01% | 3.09% |
| Cummins India Limited | 2.09% | 2.83% |
| GE Vernova T&D India Limited | 2.75% | 2.03% |
| Steel Authority of India Limited | 2.09% | 1.99% |
| Hindalco Industries Limited | 2.31% | 1.96% |
| Apar Industries Limited | 2.13% | 1.95% |
| Hitachi Energy India Limited | 2.57% | 1.94% |
| Glenmark Pharmaceuticals Limited | 1.92% | 2.17% |
| Ather Energy Limited | 7.12% | 1.76% |
| Multi Commodity Exchange of India Limited | 3.83% | 1.68% |
| The Federal Bank Limited | 1.55% | 2.58% |
| Bharat Heavy Electricals Limited | 2.16% | 1.52% |
| AU Small Finance Bank Limited | 1.49% | 1.96% |
| Polycab India Limited | 1.85% | 1.46% |
| Radico Khaitan Limited | 1.45% | 2.90% |
| Shriram Finance Limited | 2.03% | 1.28% |
| FSN E-Commerce Ventures Limited | 1.25% | 2.54% |
| Bharat Forge Limited | 1.92% | 1.24% |
| Navin Fluorine International Limited | 2.21% | 1.21% |
| TVS Motor Company Limited | 1.17% | 1.48% |
| Karur Vysya Bank Limited | 2.20% | 1.15% |
| National Aluminium Company Limited | 3.48% | 1.14% |
| Indian Bank | 1.46% | 1.08% |
| Fortis Healthcare Limited | 1.04% | 1.15% |
| Acutaas Chemicals Limited | 3.57% | 0.99% |
| Union Bank of India | 0.89% | 1.03% |
| Ashok Leyland Limited | 1.58% | 0.87% |
| State Bank of India | 0.83% | 0.99% |
| Vodafone Idea Limited | 2.87% | 0.73% |
| Solar Industries India Limited | 0.69% | 0.62% |
| Aditya Birla Capital Limited | 2.19% | 0.50% |
| Eicher Motors Limited | 1.38% | 0.49% |
| L&T Finance Limited | 2.40% | 0.45% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.8% means 44.8% 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 Nifty Alpha 50 Index Fund
| Security | % of fund |
|---|---|
| Hindustan Copper Limited | 3.36% |
| Vedanta Limited | 2.91% |
| Adani Power Limited | 2.66% |
| Anand Rathi Wealth Limited | 2.52% |
| Adani Energy Solutions Limited | 2.25% |
Largest holdings only in Edelweiss Business Cycle Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 2.75% |
| Grasim Industries Ltd. | 1.97% |
| Bajaj Auto Ltd. | 1.94% |
| Bajaj Finserv Ltd. | 1.89% |
| Divi's Laboratories Ltd. | 1.73% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Alpha 50 Index | Edelweiss Business Cycle |
|---|---|---|
| Equity | 100.1% | 98.3% |
| Debt | 0.0% | 0.2% |
| Cash and others | -0.1% | 1.5% |
Market cap of stocks
| Market cap | Bandhan Nifty Alpha 50 Index | Edelweiss Business Cycle |
|---|---|---|
| Large Cap | 34.9% | 42.9% |
| Mid Cap | 41.6% | 42.2% |
| Small Cap | 23.6% | 8.4% |
| Not on AMFI's list | 0.0% | 4.8% |
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 Nifty Alpha 50 Index | Edelweiss Business Cycle |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.5% | 14.8% |
| Banks | 11.9% | 11.5% |
| Finance | 10.5% | 6.0% |
| Automobiles | 9.7% | 5.7% |
| Electrical Equipment | 9.6% | 9.1% |
| Non - Ferrous Metals | 9.2% | 3.1% |
| IT - Software | 0.0% | 7.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Alpha 50 Index vs Edelweiss Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Alpha 50 Index Fund | Edelweiss Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.74% | 1.28% |
| Base expense ratio (Direct) | 0.30% | 0.58% |
| Total expense ratio (Regular) | 1.38% | 2.74% |
| Base expense ratio (Regular) | 0.86% | 1.84% |
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
Compare Edelweiss Business Cycle with
Bandhan Nifty Alpha 50 Index Fund vs Edelweiss Business Cycle Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Alpha 50 Index Fund and Edelweiss Business Cycle Fund?
Bandhan Nifty Alpha 50 Index Fund is an Index fund, Edelweiss Business Cycle Fund is a Thematic fund, run by Bandhan Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 44.8%. Bandhan Nifty Alpha 50 Index Fund charges 0.74% a year and Edelweiss Business Cycle Fund 1.28%.
Which has given higher returns, Bandhan Nifty Alpha 50 Index Fund or Edelweiss Business Cycle Fund?
Over 1 year: Bandhan Nifty Alpha 50 Index Fund +1.24%, Edelweiss Business Cycle Fund −1.78%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty Alpha 50 Index Fund or Edelweiss Business Cycle Fund?
Bandhan Nifty Alpha 50 Index Fund charges less: 0.74% a year against 1.28%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Alpha 50 Index Fund and Edelweiss Business Cycle Fund overlap?
44.8%. They hold 33 of the same securities, the largest shared ones being LAURUSLABS, CUMMINSIND, GVT&D. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Alpha 50 Index Fund or Edelweiss Business Cycle Fund?
On SEBI's riskometer, Bandhan Nifty Alpha 50 Index Fund is rated Very High and Edelweiss Business Cycle Fund Very High. Over 1 years, the standard deviation of daily returns was 20.20% and 16.39% a year.
Can I invest in both Bandhan Nifty Alpha 50 Index Fund and Edelweiss Business Cycle Fund?
Yes. 44.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty Alpha 50 Index Fund and Edelweiss Business Cycle Fund?
Bandhan Nifty Alpha 50 Index Fund: Abhishek Jain. Edelweiss Business Cycle Fund: Bhavesh Jain, Bharat Lahoti, Amit Vora.
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.