Bandhan ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 168.32
1D
Inception Returns
18.4%
/yr
About Bandhan ELSS Tax saver Fund Direct Growth
Bandhan ELSS Tax saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Daylynn Pinto. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan ELSS Tax saver Fund Direct Growth has ₹6900 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Bandhan ELSS Tax saver Fund Direct Growth has given a CAGR return of 18.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.71%, 15.44% and 23.11% respectively.
Holdings
Bandhan ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Basic Materials, Health, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Axis Bank Ltd, Infosys Ltd
Taxation
As it is a elss (tax savings) 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 ELSS Tax saver Fund Direct Growth
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Bandhan ELSS Tax saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
9760 people have invested ₹ 3.3Cr in Bandhan ELSS Tax saver Fund Direct Growth in the last three months
INDmoney Rank for Bandhan ELSS Tax saver Fund Direct Growth
Powered by IND quant engine
15
/23
50% Performance
30% Risk Management
78% Cost
15 out of 23 among elss (tax savings)
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of Recovering losses quickly
Bandhan ELSS Tax saver Fund Direct Growth Overview
| Expense ratio | 0.64% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹6900 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 29.77% |
| 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
66.6%
Small cap
15.1%
Mid cap
14.3%
Sector Allocation
Financial Services
28.2%
Tech
10.5%
Consumer Cyclical
10.2%
Industrial
9.5%
Basic Materials
9.3%
Health
9.1%
Consumer Defensive
8.7%
Energy
5.8%
Utilities
3.7%
Communication
3.5%
Real Estate
1.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.33% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.19% in Oct'24
- AUM of the fund stands at 7.4K Cr as of Oct'24
- AUM increased by 119 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.54% to 6.29%
ICICI Bank Ltd's allocation increased from 5.1% to 5.62%
Axis Bank Ltd's allocation increased from 3.74% to 4.2%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 3.76 % to 3.57 %
Bharti Airtel Ltd's allocation decreased from 2.64 % to 2.57 %
Jindal Steel & Power Ltd's allocation decreased from 2.01 % to 2 %
Mid Cap allocation has gone down from 16.2% to 14.3%
Large Cap allocation has gone up from 66% to 66.6%
Small Cap allocation has gone down from 15.6% to 15.1%
Cash allocation has gone up from 2.2% to 4.1%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech
Oct'24
Financial Services
28%
Tech
10%
Consumer Cyclical
10%
Sep'24
Financial Services
26%
Consumer Cyclical
12%
Tech
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.29% | 0% | |
 ICICI Bank Ltd | 5.62% | 0% | |
 Reliance Industries Ltd | 5.02% | 4% | |
 Axis Bank Ltd | 4.2% | 0% | |
 Infosys Ltd | 3.57% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
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Daylynn Pinto
Fund Manager of Bandhan ELSS Tax saver Fund Direct Growth, since 20 October 2016
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 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 8.31% per annum.
Over the last 1 month, this fund has experienced a 4.6% drop in AUM moving from 7.23K Cr to 6.90K Cr.
Over the last 6 months, this fund has increased expense ratio by 20.8% moving from 0.53 to 0.64.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.68% return, outperforming this fund by 29.97%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.77% return, outperforming this fund by 9.33% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.64% which is lower than the category average expense ratio of 1.29%.
Bandhan ELSS Tax saver 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 18.36% since inception which is more than its category average return of 15.51%
Fund Allocations
This fund has an allocation of 95.95% in Equity, 0% in Debt and 4.05% in Cash related instruments
AUM size ₹6900 Cr
This fund has AUM of ₹6900 Cr which is more than its category average of ₹ 3983 Cr
Expense Ratio 0.64%
This fund has an expense ratio of 0.64% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Bandhan ELSS Tax saver Fund Direct Growth
The current NAV of Bandhan ELSS Tax saver Fund Direct Growth is ₹168.32 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Bandhan ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.81% | -5.81% |
6 Month Returns | 2.58% | 2.58% |
1 Year Returns | 21.71% | 21.71% |
3 Years Returns | 53.83% | 15.44% |
5 Years Returns | 182.74% | 23.11% |
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0.64% as on October 2024
₹6900 Cr as on October 2024
HDFC Bank Ltd(6.29%), ICICI Bank Ltd(5.62%), Reliance Industries Ltd(5.02%), Axis Bank Ltd(4.2%), Infosys Ltd(3.57%) as on October 2024
Financial Services(27.09%), Tech(10.03%), Consumer Cyclical(9.81%) as on October 2024
The alpha ratio for the Bandhan ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan ELSS Tax saver Fund Direct Growth | -1.34 | 1.68 | 2.81 |
As on October 2024
The alpha for Bandhan ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan ELSS Tax saver Fund Direct Growth | 0.9 | 0.94 | 1.08 |
As on October 2024
The Beta for Bandhan ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan ELSS Tax saver Fund Direct Growth | 1.72 | 0.8 | 0.89 |
As on October 2024
The sharpe ratio for Bandhan ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan ELSS Tax saver Fund Direct Growth | 12.38 | 13.4 | 21.29 |
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 1.31 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.34 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Daylynn Pinto is the fund manager of Bandhan ELSS Tax saver Fund Direct Growth
The Exit load of Bandhan ELSS Tax saver Fund Direct Growth is 0%