Bandhan Core Equity Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 22-11-2024
₹ 146.99
1D
Inception Returns
16.8%
/yr
About Bandhan Core Equity Fund Direct Growth
Bandhan Core Equity Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Manish Gunwani. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Core Equity Fund Direct Growth has ₹6917 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Bandhan Core Equity Fund Direct Growth has given a CAGR return of 16.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.51%, 22.61% and 24.12% respectively.
Holdings
Bandhan Core Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Basic Materials, Consumer Defensive, Energy, Communication, Real Estate, Utilities. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd
Taxation
As it is a large & mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Bandhan Core Equity Fund Direct Growth
The Scheme seeks to generate long-term capital growth by investing predominantly in large cap and mid cap stocks.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Core Equity Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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10555 people have invested ₹ 7.9Cr in Bandhan Core Equity Fund Direct Growth in the last three months
INDmoney Rank for Bandhan Core Equity Fund Direct Growth
Powered by IND quant engine
2
/21
91% Performance
39% Risk Management
76% Cost
2 out of 21 among large & mid-cap
Generated Consistent Returns
Outperformed benchmarks during bull run
5Y returns in the top 25% of the category
Poor track record of protecting capital in bear phase
Poor track record of Recovering losses quickly
Bandhan Core Equity Fund Direct Growth Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹6917 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 160.27% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
40.7%
Mid cap
35.5%
Small cap
17%
Sector Allocation
Financial Services
25.3%
Industrial
12.4%
Consumer Cyclical
11.1%
Health
10.7%
Tech
10.5%
Basic Materials
8.9%
Consumer Defensive
5.7%
Energy
5.5%
Communication
4.5%
Real Estate
3%
Utilities
2.2%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.58% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
- This fund underperformed NIFTY 500 by 0.06% in Oct'24
- AUM of the fund stands at 7K Cr as of Oct'24
- AUM increased by 429.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 2.31% to 3.7%
Ecos (India) Mobility & Hospitality Ltd's allocation increased from 0.15% to 1.04%
Varun Beverages Ltd's allocation increased from 0.49% to 1.36%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 2.82 % to 2.44 %
ITC Ltd's allocation decreased from 2.07 % to 2.02 %
Zomato Ltd's allocation decreased from 1.99 % to 1.54 %
Mid Cap allocation has gone down from 36.5% to 35.5%
Large Cap allocation has gone down from 40.8% to 40.7%
Small Cap allocation has gone down from 17.6% to 17%
Cash allocation has gone up from 4.6% to 5.4%
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Oct'24
Financial Services
25%
Industrial
12%
Consumer Cyclical
11%
Sep'24
Financial Services
25%
Industrial
14%
Consumer Cyclical
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
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Manish Gunwani
Fund Manager of Bandhan Core Equity Fund Direct Growth, since 28 January 2023
Top funds managed
Fund House
Bandhan Asset Management Company Limited
Total Schemes
Total AUM
₹1.6L Cr
as on 31-Oct-2024
Address
Bandhan Asset Management Company Limited,6th Floor, 841, One World Center,Jupiter Mill, Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
022-66289999
Website
investormf@bandhanamc.com
Mutual Fund Insights
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 25.27% return, outperforming this fund by 2.65% per annum.
Over the last 6 months, this fund has decreased expense ratio by 17.6% moving from 0.74 to 0.61.
In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 27% return, outperforming this fund by 2.88% per annum.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 48.07% return, outperforming this fund by 10.57%.
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.2%.
Over the last 6 months, this fund has experienced a 57.4% growth in AUM moving from 4.39K Cr to 6.91K Cr.
Bandhan Core Equity Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.82% since inception which is more than its category average return of 15.83%
Fund Allocations
This fund has an allocation of 94.58% in Equity, 0% in Debt and 5.42% in Cash related instruments
AUM size ₹6917 Cr
This fund has AUM of ₹6917 Cr which is less than its category average of ₹ 7239 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for Bandhan Core Equity Fund Direct Growth
The current NAV of Bandhan Core Equity Fund Direct Growth is ₹146.99 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Bandhan Core Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.55% | -5.55% |
6 Month Returns | 7.01% | 7.01% |
1 Year Returns | 37.51% | 37.51% |
3 Years Returns | 84.32% | 22.61% |
5 Years Returns | 194.53% | 24.12% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.61% as on October 2024
₹6917 Cr as on October 2024
ICICI Bank Ltd(3.7%), HDFC Bank Ltd(3.38%), Reliance Industries Ltd(3.12%), Infosys Ltd(2.44%), Bharti Airtel Ltd(2.26%) as on October 2024
Financial Services(23.96%), Industrial(11.76%), Consumer Cyclical(10.54%) as on October 2024
The alpha ratio for the Bandhan Core Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Core Equity Fund Direct Growth | 9.46 | 5.39 | 2.29 |
As on October 2024
The alpha for Bandhan Core Equity Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Bandhan Core Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Core Equity Fund Direct Growth | 0.99 | 0.97 | 0.98 |
As on October 2024
The Beta for Bandhan Core Equity Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Bandhan Core Equity Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Core Equity Fund Direct Growth | 2.54 | 1.2 | 0.98 |
As on October 2024
The sharpe ratio for Bandhan Core Equity Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Bandhan Core Equity Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Core Equity Fund Direct Growth | 14.36 | 14.24 | 19.87 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.2 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.56 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Gunwani is the fund manager of Bandhan Core Equity Fund Direct Growth
The Exit load of Bandhan Core Equity Fund Direct Growth is 1%