Bandhan Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 20-12-2024
₹ 14.05
1D
Inception Returns
29.4%
/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 Harshal Joshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Financial Services Fund Direct Growth has ₹957 Cr worth of assets under management (AUM) as on Nov 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 29.37% since inception. Over the last 1 year the fund has given a CAGR return of 21.60%.
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
Bandhan Financial Services Fund Direct Growth Overview
| Expense ratio | 0.63% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹957 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.14% in Nov'24
- AUM of the fund stands at 957.4 Cr as of Nov'24
- AUM decreased by 18.9 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Tech & Health
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 25.4% |
 One 97 Communications Ltd | 23.9% |
 HDFC Bank Ltd | 3.9% |
Bandhan Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹957 Cr
Expense Ratio 0.63%
Frequently Asked Questions for Bandhan Financial Services Fund Direct Growth
Bandhan Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.68% | 3.68% |
6 Month Returns | 8.46% | 8.46% |
1 Year Returns | 21.6% | 21.6% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Financial Services Fund Direct Growth | 11.53 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Financial Services Fund Direct Growth | 0.66 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Financial Services Fund Direct Growth | 1.56 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Financial Services Fund Direct Growth | 12.9 | - | - |