Bandhan Multi-Factor Fund Direct Growth NAV today
AMFI: 153722ISIN: INF194KB1JX0MUTF_IN: BAND_MULT_DIR_8K4UVLBandhan Mutual FundSectoral / Thematic funds
NAV ₹8.9430up ₹0.08 (0.93%)
NAV for 29 Oct 2026, against 27 Oct 2026. Declared once a day.
Other plans: Direct IDCW ₹8.9430 · Regular Growth ₹8.7700, 0.92% · Regular IDCW ₹8.7700
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹592 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 2.76%22 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- 0.50%if sold within 30 days
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 19.930 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 4230 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 30 Jul 2025
Bandhan Multi-Factor Fund returns
Direct Growth plan
Over each window to 29 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | +0.93% | +0.90% | – | – | – | – |
| 1 month | −3.80% | −3.91% | – | 213 of 254 | −1.85% | −3.3% to −0.9% |
| 3 months | −11.45% | −11.79% | – | 250 of 250 | −4.99% | −6.5% to −2.1% |
| 6 months | −12.00% | −12.68% | – | 247 of 250 | −0.82% | −3.7% to +6.2% |
| 1 year | −11.90% | −13.26% | −3.72%to 30 Sep 2026 | 223 of 231 | −3.20% | −8.1% to +3.8% |
| 3 years | Needs 3 years | – | – | – | +13.29% | +9.5% to +18.4% |
| 5 years | Needs 5 years | – | – | – | +11.34% | +8.8% to +15.7% |
| 10 years | Needs 10 years | – | – | – | +14.17% | +11.9% to +15.8% |
₹10,000 put in on 1 Aug 2025 is ₹9,076 at the NAV of 29 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: BSE 200 TRI, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 29 Oct 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | −5.33% | −3.72% |
| Since launch | −6.50% | −3.88% |
Benchmark: BSE 200 TRI. Both as the fund house states them for the month.
Bandhan Multi-Factor Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 29 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,06,616₹1,06,610 after stamp duty | −20.21% | −20.22% | ₹6 | |
| Since Aug 202515 instalments | ₹1,50,000 | ₹1,33,930₹1,33,924 after stamp duty | −16.06% | −16.07% | ₹8 |
3 years: Launched 30 Jul 2025, needs 3 years of history.
A SIP that rises every year: Step-up SIP calculator
Bandhan Multi-Factor Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 1.50 ptsA year, on 22 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 2.70%Over the last 30 days filed
- Regular, 30-day average
- 4.21%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 3.27%, Jun 2026.Direct plan lowest 0.71%, Feb 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.77% | 2.08% |
| Brokerage | 0.41% | 0.41% |
| Transaction costs | 0.04% | 0.04% |
| Statutory levies | 1.54% | 1.73% |
Per cent of assets a year, filed for 22 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
• If redeemed/switched out on or within 30 days from the date of allotment: 0.50% of the applicable NAV • If redeemed/switched out after 30 days from date of allotment – Nil
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP dates
- Monthly - Investor may choose any day of the month from 1st to 31st as the date of the instalment and Quarterly -Investor may choose any day of the month from 1st to 31st as the date of the instalment
As listed for this plan on 30 Oct 2026.
How Bandhan Multi-Factor Fund is taxed
Taxed as an equity fund where it keeps 65% or more in shares of listed Indian companies: gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year, and gains on units held 12 months or less at 20%. Otherwise, gains on units held over 24 months are taxed at 12.5%, and gains on units held 24 months or less at the income tax slab rate.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
Bandhan Multi-Factor Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹656 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 4.8%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹672 Cr, quarter to Jun 2026.
Assets at each month end
Highest ₹687 Cr, Jul 2026.Lowest ₹527 Cr, Sep 2025.
Bandhan Multi-Factor Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|---|
| Adani Ports and Special Economic ZoneTransport Infrastructure | Large cap21st | 2.64% | 15.51 | 86,257 | Sep 2026 |
| Zydus LifesciencesPharmaceuticals & Biotechnology | Mid cap114th | 2.63% | 15.49 | 1,33,300 | Sep 2026 |
| Aurobindo PharmaPharmaceuticals & Biotechnology | Mid cap138th | 2.57% | 15.10 | 90,291 | Sep 2026 |
| Samvardhana Motherson InternationalAuto Components | Large cap77th | 2.57% | 15.11 | 9,25,573 | Sep 2026 |
| Coal IndiaConsumable Fuels | Large cap30th | 2.53% | 14.86 | 3,49,746 | Oct 2025 |
| Bharat Heavy ElectricalsElectrical Equipment | Large cap98th | 2.52% | 14.80 | 3,56,157 | Sep 2026 |
| Tata SteelFerrous Metals | Large cap36th | 2.52% | 14.82 | 8,04,045 | Feb 2026 |
| Bharat ForgeAuto Components | Mid cap127th | 2.51% | 14.78 | 76,741 | Sep 2026 |
| GMR AirportsTransport Infrastructure | Mid cap106th | 2.51% | 14.77 | 15,52,258 | Sep 2026 |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | Large cap13th | 2.50% | 14.69 | 80,868 | Sep 2026 |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | Large cap61st | 2.50% | 14.69 | 30,594 | Sep 2026 |
| LupinPharmaceuticals & Biotechnology | Mid cap105th | 2.49% | 14.65 | 72,173 | Jun 2026 |
| MaricoAgricultural Food & other Products | Mid cap110th | 2.48% | 14.61 | 1,85,898 | Aug 2026 |
| Adani PowerPower | Large cap23rd | 2.47% | 14.51 | 7,11,294 | Sep 2026 |
| JSW SteelFerrous Metals | Large cap26th | 2.47% | 14.56 | 1,16,140 | Aug 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore. 1 line filed with no weight is listed without one.
Cash and receivables on 30 Sep 2026
| Triparty Repo TRP_011026 | 4.03% | 23.69 |
| Net Receivables/Payables | −0.43% | −2.45 |
| Cash Margin - Derivatives | 0.17% | 1.00 |
| Cash Margin - CCIL | 0.03% | 0.15 |
| Cash / Bank Balance | – | 0.02 |
Weight is per cent of the fund's net assets; value in ₹ crore. 1 line filed with no weight is listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 2.64%Adani Ports and Special Economic Zone
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 12.94%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 25.50%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 40.4Taken over 96.20% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares96.20%
- Cash and receivables3.80%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap56.98%Category 49.50%
- Mid cap43.02%Category 21.62%
- Small capNoneCategory 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 249 Sectoral / Thematic funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary11sectors
- Financial Services21.34%Category 21.68%
- Healthcare17.62%Category 12.70%
- Capital Goods9.73%Category 9.90%
- Metals & Mining9.68%Category 2.47%
- Automobile And Auto Components7.47%Category 9.16%
- Oil Gas & Consumable Fuels7.37%Category 3.38%
- Fast Moving Consumer Goods7.34%Category 4.73%
- Power5.71%Category 2.77%
- Services5.15%Category 2.61%
- Consumer Services2.42%Category 5.61%
- Consumer Durables2.37%Category 3.48%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services10 companies | 21.34% | 25.56% | 26.73% | 26.90% | 24.75% | 25.44% | 20.83% | 20.03% | 15.73% | 16.27% | 15.83% | 13.83% | |
| Healthcare8 companies | 17.62% | 3.95% | 10.99% | 10.69% | 10.31% | 8.27% | 10.78% | 9.74% | 5.71% | 4.47% | 8.02% | 7.11% | |
| Capital Goods4 companies | 9.73% | 13.88% | 6.43% | 6.96% | 9.76% | 5.84% | 3.26% | 7.81% | 0.00% | 3.92% | 3.05% | 3.60% | |
| Metals & Mining4 companies | 9.68% | 8.02% | 11.28% | 11.31% | 10.34% | 12.21% | 11.16% | 13.32% | 7.60% | 13.71% | 13.70% | 4.49% | |
| Automobile And Auto Components3 companies | 7.47% | 11.17% | 13.58% | 12.82% | 14.03% | 6.14% | 13.16% | 15.87% | 15.31% | 12.60% | 12.21% | 16.55% | |
| Oil Gas & Consumable Fuels3 companies | 7.37% | 3.18% | 11.17% | 11.29% | 12.94% | 13.58% | 8.42% | 13.22% | 16.18% | 13.70% | 15.06% | 11.43% | |
| Fast Moving Consumer Goods3 companies | 7.34% | 8.66% | 3.85% | 3.63% | 3.50% | 3.69% | 7.78% | 1.50% | 3.46% | 3.58% | 3.52% | 2.55% | |
| Power3 companies | 5.71% | 4.01% | 3.77% | 3.92% | 4.47% | 1.66% | 8.02% | 3.82% | 4.02% | 6.28% | 5.14% | 0.00% | |
| Services2 companies | 5.15% | 0.00% | 3.65% | 3.94% | 0.00% | 0.00% | 0.00% | 2.69% | 0.90% | 9.19% | 5.43% | 1.16% | |
| Consumer Services1 company | 2.42% | 1.51% | 4.24% | 4.00% | 1.83% | 2.01% | 1.97% | 0.49% | 0.00% | 0.00% | 0.00% | 1.01% | |
| Consumer Durables1 company | 2.37% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Information Technology | 0.00% | 4.84% | 1.56% | 1.34% | 2.20% | 10.69% | 6.12% | 2.50% | 17.85% | 9.73% | 9.64% | 17.22% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 3271.74% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 2464.00% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 10
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 0
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 64.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 74.11%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Axis Bank | Sold out | – | 4.33% | −4.33 pts | −2,15,325 |
| Polycab India | Sold out | – | 4.09% | −4.09 pts | −28,033 |
| Suzlon Energy | Sold out | – | 4.07% | −4.07 pts | −55,44,030 |
| Power Grid Corporation of India | Sold out | – | 4.01% | −4.01 pts | −9,83,847 |
| UltraTech Cement | Sold out | – | 3.99% | −3.99 pts | −22,554 |
| Hero MotoCorp | Sold out | – | 3.83% | −3.83 pts | −45,469 |
| Bajaj Auto | Sold out | – | 3.82% | −3.82 pts | −20,374 |
| Bharti Airtel | Sold out | – | 3.70% | −3.70 pts | −1,31,999 |
| HDFC Asset Management Company | Sold out | – | 3.38% | −3.38 pts | −83,274 |
| PB Fintech | Sold out | – | 2.79% | −2.79 pts | −96,191 |
| Adani Ports and Special Economic Zone | New | 2.64% | 0.00% | +2.64 pts | +86,257 |
| Zydus Lifesciences | New | 2.63% | 0.00% | +2.63 pts | +1,33,300 |
| Aurobindo Pharma | New | 2.57% | 0.00% | +2.57 pts | +90,291 |
| Samvardhana Motherson International | New | 2.57% | 0.00% | +2.57 pts | +9,25,573 |
| Oracle Financial Services Software | Sold out | – | 2.56% | −2.56 pts | −13,178 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Adani Ports and Special Economic Zone | – | – | 2.85%Bought | Sold out | 1.02%Bought again | Sold out | – | – | – | – | – | 2.64%Bought again |
 Zydus Lifesciences | – | 0.80%Bought again | 0.79%Added | 0.79%Added | 0.66%Cut | 0.85%Added | 0.80%Added | 0.94%Cut | Sold out | – | – | 2.63%Bought again |
 Aurobindo Pharma | 0.92%Bought again | Sold out | – | 1.29%Bought again | 3.76%Added | 0.21%Cut | 3.55%Added | 3.04%Cut | 3.96%Added | 3.91% | Sold out | 2.57%Bought again |
 Samvardhana Motherson International | – | 1.75%Bought again | Sold out | – | 2.07%Bought again | Sold out | – | – | – | – | – | 2.57%Bought again |
 Coal India | 3.02%Bought again | 2.82%Cut | 2.94%Added | 3.57%Added | 3.40%Added | 4.05%Added | 3.87%Added | 3.54%Cut | 3.85%Added | 3.59% | 3.18%Cut | 2.53%Cut |
 Bharat Heavy Electricals | – | – | – | – | – | – | – | – | – | – | – | 2.52%Bought again |
 Tata Steel | – | 3.89%Bought | 3.75%Cut | Sold out | 3.98%Bought again | 4.06%Added | 1.79%Cut | 3.81%Added | 3.87%Added | 3.86% | 4.07%Added | 2.52%Cut |
 Bharat Forge | – | – | – | – | – | – | – | 2.85%Bought again | 4.01%Added | 4.07% | Sold out | 2.51%Bought again |
 GMR Airports | – | 3.70%Bought | 2.49%Cut | Sold out | 1.67%Bought again | Sold out | – | – | 3.94%Bought again | 3.65% | Sold out | 2.51%Bought again |
 Sun Pharmaceutical Industries | – | – | – | – | – | 3.99%Bought | Sold out | – | – | – | – | 2.50%Bought again |
 Torrent Pharmaceuticals | – | – | – | – | 1.56%Bought | 1.75%Added | Sold out | 0.48%Bought again | 1.78%Added | 1.95% | Sold out | 2.50%Bought again |
 Lupin | 1.95%Added | 3.51%Added | 1.97%Cut | 2.65%Added | 2.50%Cut | 3.98%Added | 3.92%Added | Sold out | 3.68%Bought again | 3.63% | 3.95%Added | 2.49%Cut |
 Marico | – | – | – | – | – | 2.27%Bought again | Sold out | – | – | – | 3.15%Bought again | 2.48%Cut |
 Adani Power | – | – | – | – | – | – | – | – | – | – | – | 2.47%Bought |
 JSW Steel | – | – | 2.43%Bought | Sold out | – | – | – | – | – | – | 3.95%Bought again | 2.47%Cut |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 492.0% in Mar 2026
Risk ratios
NAV to 29 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Sectoral / Thematic funds (227 funds) over the same 1 year; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary16.30%
12.44%Lowest20.07%Average46.96%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary13.96%
4.39%Lowest13.32%Average21.46%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary−0.58
−1.29Lowest0.07Average1.84Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary−0.64
−1.42Lowest0.20Average4.31Highest
Against BSE 200 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary0.82
0.55Lowest0.97Average of 218 funds1.47Highest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary81.5
27.0Lowest89.5Average of 218 funds99.3Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.90
0.52Lowest0.94Average of 218 funds1.00Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary66.9%
59.0%Lowest107.5%Average of 185 funds182.4%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossary76.1%
15.4%Lowest79.7%Average of 118 funds119.3%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house. Information ratio in the glossaryTo 30 Sep 2026−0.28
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year and since Aug 2025 | −19.76% | 11 Feb 2026 | 23 Oct 2026 | Not yet |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Aug 2025 to Aug 202613 months | Very High | Very HighBSE 200 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Bandhan Multi-Factor Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Rishi Sharma(equity portion) | – | – | – | – | – | 1 | ₹592 Cr | |
| Nilesh Saha(equity portion) | Mar 2026 | −8.97%over 221 days | – | – | 51.3% | 52.5% | 1 | ₹592 Cr |
| Brijesh Shah(debt portion) | – | – | – | – | – | 13 | ₹50,002 Cr₹1,998 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Bandhan Liquid FundBrijesh Shah | Dec 2021 | +6.44%a year | – | – | ₹15,011 Cr |
| Bandhan Money Market FundBrijesh Shah | Jul 2021 | +6.53%a year | – | – | ₹13,581 Cr |
| Bandhan Arbitrage FundBrijesh Shah | Jun 2024 | +6.87%a year | +7.07% | −0.19 pts | ₹7,734 Cr |
| Bandhan Multi Asset Allocation FundBrijesh Shah | Jan 2024 | +13.25%a year | – | – | ₹3,676 Cr |
| Bandhan Innovation FundBrijesh Shah | Apr 2024 | +17.91%a year | +2.05% | +15.86 pts | ₹3,079 Cr |
| Bandhan Balanced Advantage FundBrijesh Shah | Jul 2022 | +10.06%a year | – | – | ₹2,233 Cr |
| Bandhan Overnight FundBrijesh Shah | Feb 2019 | +5.15%a year | +5.19% | −0.04 pts | ₹1,998 Cr |
| Bandhan Business Cycle FundBrijesh Shah | – | – | – | ₹1,003 Cr | |
| Bandhan Equity Savings FundBrijesh Shah | Jun 2024 | +5.40%a year | – | – | ₹394 Cr |
| Bandhan Healthcare FundBrijesh Shah | – | – | – | ₹333 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Aditya Birla Sun Life Quant FundAditya Birla Sun Life Mutual Fund | 35.81% | 19 |
| NJ Momentum FundNJ Mutual Fund | 33.77% | 18 |
| Edelweiss Business Cycle FundEdelweiss Mutual Fund | 30.53% | 25 |
| DSP Quant FundDSP Mutual Fund | 30.32% | 13 |
| Franklin India Multi-Factor FundFranklin Templeton Mutual Fund | 27.69% | 24 |
| 360 ONE Quant Fund360 One Mutual Fund | 26.65% | 12 |
| Kotak Active Momentum FundKotak Mahindra Mutual Fund | 25.97% | 13 |
| Axis India Manufacturing FundAxis Mutual Fund | 24.40% | 13 |
| Sundaram Multi-Factor FundSundaram Mutual Fund | 24.30% | 16 |
| SBI Equity Minimum Variance FundSBI Mutual Fund | 23.48% | 16 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Bandhan Large Cap FundBandhan Mutual Fund | 17.20% |
| Bandhan Large & Mid Cap FundBandhan Mutual Fund | 16.72% |
| Bandhan Business Cycle FundBandhan Mutual Fund | 16.53% |
| Bandhan Healthcare FundBandhan Mutual Fund | 15.04% |
| Bandhan Infrastructure FundBandhan Mutual Fund | 14.01% |
| Bandhan Contra FundBandhan Mutual Fund | 13.96% |
| Bandhan ELSS - Tax Saver FundBandhan Mutual Fund | 10.76% |
| Bandhan Flexi Cap FundBandhan Mutual Fund | 9.39% |
| Bandhan Value FundBandhan Mutual Fund | 8.97% |
| Bandhan Midcap FundBandhan Mutual Fund | 8.84% |
As the fund house states it, for Sep 2026.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The scheme seeks to generate medium to long term capital appreciation by investing predominantly in equity and equity related instruments selected based on a multi-factor quantitative model. Disclaimer: There is no assurance or guarantee that the investment objective of the scheme will be realised.
Asset allocation
- Equity & equity related instruments selected based on the Multi-Factor quantitative model theme - 80%-100%, Other equities & equity related securities - 0% - 20%
- Debt Securities and Money Market Instruments (including Government securities, Securitised debt) - 0% - 20%
- Units issued by InvITs - 0% - 10%
Type of scheme
An open ended equity scheme investing based on an adaptive and evolving multi-factor quantitative model theme
- Stated category
- Thematic Fund
- Benchmark
- BSE 200 TRI
- Risk level at launch
- Very High
- New fund offer
- 10 Jul 2025 to 24 Jul 2025
- Units first allotted
- 30 Jul 2025
- Open for sale again
- 1 Aug 2025
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 153722 | INF194KB1JX0 | BAND_MULT_DIR_8K4UVL | 1 Aug 2025 | |
| Regular Growth | 153721 | INF194KB1JU6 | BAND_MULT_REG_1IRDJ6K | 1 Aug 2025 | |
| Direct IDCW | 153720 | INF194KB1JY8 | INF194KB1JZ5 | BAND_MULT_DIR_TZ0J8G | 1 Aug 2025 |
| Regular IDCW | 153723 | INF194KB1JV4 | INF194KB1JW2 | BAND_MULT_REG_FWSAVC | 1 Aug 2025 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- October 2026Bandhan Mutual Fund, Sep 2026
Statement of additional information
- SAI Bandhan Mutual FundBandhan Mutual Fund, Oct 2026
Annual report
- Abridged Annual Report - Set 1 - Debt SchemesBandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 2 - Equity SchemesBandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 3 - Fixed Term PlansBandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 4 - Fund of Funds SchemesBandhan Mutual Fund, Mar 2026
Riskometer disclosure
- Annual changes in Risk-o-meterBandhan Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - 30-Sep-2026Bandhan Mutual Fund, Sep 2026