Bandhan Equity Savings Fund Direct Growth

Bandhan Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2014. The fund is managed by Sachin Relekar, Harshal Joshi, Viraj Kulkarni. This fund gives you the benefit of diversification.

1. Bandhan Equity Savings Fund Direct Growth has ₹194 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
2. The fund has an expense ratio 0.2.
   

Bandhan Equity Savings Fund Direct Growth has given a CAGR return of 7.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.62%, 7.57% and 9.03% respectively.

Bandhan Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Government, Tech, Basic Materials, Consumer Defensive, Health, Consumer Cyclical, Industrial, Energy, Utilities, Communication.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Equity Savings Fund Direct Growth has no lock in period.