Bandhan Financial Services Fund Direct Growth
NAV as on 11-04-2025
₹ 13.74
▲1.5%
1D
Inception Returns
20.5%
/yr
Historical NAV & Returns
Absolute
▲
▼
414 people have invested ₹ 32.8L in Bandhan Financial Services Fund Direct Growth in the last three months
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 Harshal Joshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Financial Services Fund Direct Growth has ₹901 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Bandhan Financial Services Fund Direct Growth has given a CAGR return of 20.46% since inception. Over the last 1 year the fund has given a CAGR return of 10.07%.
Holdings
Bandhan Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, Bajaj Finance 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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.
Bandhan Financial Services Fund Direct Growth Overview
| Expense ratio | 0.67% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹901 Cr |
| Inception Date | 31 July, 2023 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 90.52% |
| STCG | Selling mutual fund 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 (11-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
68%
Mid cap
13.2%
Small cap
8.1%
Sector Allocation
Financial Services
97.7%
Tech
1.9%
Health
0.4%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.77% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.48% in Mar'25
- AUM of the fund stands at 901.3 Cr as of Feb'25
- AUM decreased by 56.5 Cr between Feb'25 and Jan'25
Mid Cap allocation has gone down from 16.4% to 15.8%
Large Cap allocation has gone up from 59.4% to 67.4%
Small Cap allocation has gone down from 16.7% to 9.8%
Cash allocation has gone down from 7.5% to 7%
Top 3 Sectors in February were Financial Services, Tech & Health
Feb'25
Financial Services
98%
Tech
2%
Jan'25
Financial Services
95%
Tech
4%
Health
1%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 19.66% | 17.9% | |
 ICICI Bank Ltd | 15.46% | 0% | |
 Axis Bank Ltd | 9.42% | 15.8% | |
 Kotak Mahindra Bank Ltd | 4.75% | 0% | |
 Bajaj Finance Ltd | 4.39% | 52.7% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Bandhan Financial Services Fund Direct Growth | 10.07% | - | - | 20.46% |
 Tata Banking & Financial Services Fund Direct Growth | 11.8% | 17.6% | 23% | 17.7% |
 SBI Banking & Financial Services Direct Growth | 11.71% | 16.61% | 23.99% | 15.26% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 9.75% | 15.93% | - | 17.09% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 4.7% |
 ICICI Bank Ltd | 4.5% |
 Axis Bank Ltd | 3.5% |
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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
₹1.63L Cr
as on 31-Mar-2025
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 20.46% since inception which is more than its category average return of 12.57%
Fund Allocations
This fund has an allocation of 89.99% in Equity, 0% in Debt and 10.01% in Cash related instruments
AUM size ₹901 Cr
This fund has AUM of ₹901 Cr which is less than its category average of ₹ 1885 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.28%
More funds from Bandhan
5Y CAGR
▲ 36.67
5Y CAGR
▲ 37.69
5Y CAGR
▲ 30.02
3Y CAGR
▲ 15.51
3Y CAGR
▲ 14.98
Frequently Asked Questions for Bandhan Financial Services Fund Direct Growth
The current NAV of Bandhan Financial Services Fund Direct Growth is ₹13.74 as on 11-Apr-2025.
Existing (Absolute + CAGR) as on 11-Apr-2025.
Bandhan Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.69% | 5.69% |
6 Month Returns | -3.25% | -3.25% |
1 Year Returns | 10.07% | 10.07% |
3 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.
0.67% as on March 2025
₹901 Cr as on March 2025
HDFC Bank Ltd(19.66%), ICICI Bank Ltd(15.46%), Axis Bank Ltd(9.42%), Kotak Mahindra Bank Ltd(4.75%), Bajaj Finance Ltd(4.39%) as on March 2025
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 | -3.98 | - | - |
As on March 2025
The alpha for Bandhan Financial Services Fund Direct Growth is calculated against Nifty Financial Services 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 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 | 1.06 | - | - |
As on March 2025
The Beta for Bandhan Financial Services Fund Direct Growth is calculated with Nifty Financial Services 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 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 | 0.64 | - | - |
As on March 2025
The sharpe ratio for Bandhan Financial Services Fund Direct Growth is calculated with Nifty Financial Services 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 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 | 15.12 | - | - |
As on March 2025
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.
Harshal Joshi is the fund manager of Bandhan Financial Services Fund Direct Growth
The Exit load of Bandhan Financial Services Fund Direct Growth is 0.5%