Bandhan Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 19-11-2024
₹ 13.81
▲0.5%
1D
Inception Returns
27.9%
/yr
About Bandhan Financial Services Fund Direct Growth
Bandhan Financial Services Fund Direct Growth is an equity fund. This fund was started on 31 July, 2023. The fund is managed by Sumit Agrawal, Manish Gunwani, Harshal Joshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Financial Services Fund Direct Growth has ₹951 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 Financial Services Fund Direct Growth has given a CAGR return of 27.90% since inception. Over the last 1 year the fund has given a CAGR return of 29.84%.
Holdings
Bandhan Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, Cholamandalam Investment and Finance Co Ltd
Taxation
As it is a sector - financial services 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 Financial Services Fund Direct Growth
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
382 people have invested ₹ 28.4L in Bandhan Financial Services Fund Direct Growth in the last three months
Bandhan Financial Services Fund Direct Growth Overview
| Expense ratio | 0.62% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹951 Cr |
| Inception Date | 31 July, 2023 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 90.52% |
| 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
60.7%
Mid cap
17.5%
Small cap
16.3%
Sector Allocation
Financial Services
95.8%
Tech
3.1%
Health
1.1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.52% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 3.00% in Oct'24
- AUM of the fund stands at 976.3 Cr as of Oct'24
- AUM increased by 50.5 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Axis Bank Ltd's allocation increased from 7.93% to 8.9%
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 0.79% to 1.68%
BSE Ltd's allocation increased from 1.13% to 1.74%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 14.93 % to 14.84 %
Kotak Mahindra Bank Ltd's allocation decreased from 5.55 % to 5.25 %
Cholamandalam Investment and Finance Co Ltd's allocation decreased from 4.09 % to 3.41 %
Large Cap allocation has gone down from 61.5% to 60.7%
Small Cap allocation has gone down from 18.1% to 16.3%
Mid Cap allocation has gone down from 18.4% to 17.5%
Cash allocation has gone up from 2% to 4.4%
Top 3 Sectors in October were Financial Services, Tech & Health
Oct'24
Financial Services
96%
Tech
3%
Health
1%
Sep'24
Financial Services
96%
Tech
3%
Health
1%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Prudent Corporate Advisory Services Ltd | 11.6% |
 BSE Ltd | 9.1% |
 CRISIL Ltd | 7.6% |
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Sumit Agrawal
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Top funds managed
Manish Gunwani
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Top funds managed
Harshal Joshi
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 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
Bandhan Financial Services 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 27.9% since inception which is more than its category average return of 14.51%
Fund Allocations
This fund has an allocation of 95.55% in Equity, 0% in Debt and 4.45% in Cash related instruments
AUM size ₹951 Cr
This fund has AUM of ₹951 Cr which is less than its category average of ₹ 1738 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Bandhan Financial Services Fund Direct Growth
The current NAV of Bandhan Financial Services Fund Direct Growth is ₹13.81 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Bandhan Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.57% | -3.57% |
6 Month Returns | 10.55% | 10.55% |
1 Year Returns | 29.84% | 29.84% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.62% as on October 2024
₹951 Cr as on October 2024
ICICI Bank Ltd(14.84%), HDFC Bank Ltd(14.55%), Axis Bank Ltd(8.9%), Kotak Mahindra Bank Ltd(5.25%), Cholamandalam Investment and Finance Co Ltd(3.41%) as on October 2024
Financial Services(91.5%), Tech(3%), Health(1.05%) as on October 2024
The alpha ratio for the Bandhan Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Financial Services Fund Direct Growth | 15.28 | - | - |
As on October 2024
The alpha for Bandhan Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Financial Services Fund Direct Growth | 0.71 | - | - |
As on October 2024
The Beta for Bandhan Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Financial Services Fund Direct Growth | 1.97 | - | - |
As on October 2024
The sharpe ratio for Bandhan Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Financial Services Fund Direct Growth | 13.84 | - | - |
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.
Sumit Agrawal, Manish Gunwani, Harshal Joshi are the fund managers of Bandhan Financial Services Fund Direct Growth
The Exit load of Bandhan Financial Services Fund Direct Growth is 0.5%