Bandhan Innovation Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-11-2024
₹ 12.09
▲0.8%
1D
Inception Returns
21.9%
/yr
About Bandhan Innovation Fund Direct Growth
Bandhan Innovation Fund Direct Growth is an equity fund. This fund was started on 30 April, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Innovation Fund Direct Growth has ₹1285 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 Innovation Fund Direct Growth has given a CAGR return of 21.90% since inception.
Holdings
Bandhan Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Cyclical, Financial Services, Industrial, Tech, Communication, Basic Materials, Consumer Defensive, Utilities, Energy, Real Estate. Its top holdings are AstraZeneca Pharma India Ltd, Zomato Ltd, Bharti Airtel Ltd (Partly Paid Rs.1.25), Bajaj Finance Ltd, Varun Beverages Ltd
Taxation
As it is a equity - other 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 Innovation Fund Direct Growth
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Innovation Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
1119 people have invested ₹ 1.2Cr in Bandhan Innovation Fund Direct Growth in the last three months
Bandhan Innovation Fund Direct Growth Overview
| Expense ratio | 0.58% |
Benchmark | Nifty 500 TRI |
| AUM | ₹1285 Cr |
| Inception Date | 30 April, 2024 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 0% |
| 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Small cap
45.7%
Large cap
28.7%
Mid cap
21.9%
Sector Allocation
Health
19.5%
Consumer Cyclical
16.4%
Financial Services
14.3%
Industrial
12.5%
Tech
12.2%
Communication
7.8%
Basic Materials
7.5%
Consumer Defensive
4.7%
Utilities
2.5%
Energy
1.5%
Real Estate
1.1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.95% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.57% in Oct'24
- AUM of the fund stands at 1.3K Cr as of Oct'24
- AUM increased by 116.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
One97 Communications Ltd's allocation increased from 1.45% to 2.37%
Angel One Ltd Ordinary Shares's allocation increased from 0.09% to 0.87%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.75% to 2.39%
Top Stocks sold last month
Zomato Ltd's allocation decreased from 3.06 % to 2.95 %
Bharti Airtel Ltd (Partly Paid Rs.1.25)'s allocation decreased from 3.08 % to 2.83 %
Praj Industries Ltd's allocation decreased from 2.02 % to 1.74 %
Mid Cap allocation has gone down from 23.4% to 21.9%
Large Cap allocation has gone down from 30% to 28.7%
Small Cap allocation has gone up from 38.6% to 45.7%
Cash allocation has gone down from 3.7% to 1.8%
Top 3 Sectors in October were Consumer Cyclical, Health & Industrial
Oct'24
Health
20%
Consumer Cyclical
16%
Financial Services
14%
Sep'24
Consumer Cyclical
17%
Health
17%
Industrial
13%
Top Growth Drivers | 1M Return |
|---|---|
 Prudent Corporate Advisory Services Ltd | 11.6% |
Loading...
We are taking more time than usual
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 Innovation 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 returns of 21.90% since inception (30th April 2024)
Fund Allocations
This fund has an allocation of 98.2% in Equity, 0% in Debt and 1.8% in Cash related instruments
AUM size ₹1285 Cr
This fund has AUM of ₹1285 Cr which is less than its category average of ₹ 2245 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.21%
Frequently Asked Questions for Bandhan Innovation Fund Direct Growth
The current NAV of Bandhan Innovation Fund Direct Growth is ₹12.09 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Bandhan Innovation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.04% | -5.04% |
6 Month Returns | 19.36% | 19.36% |
1 Year Returns | 0% | 0% |
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.
0.58% as on October 2024
₹1285 Cr as on October 2024
AstraZeneca Pharma India Ltd(3.77%), Zomato Ltd(2.95%), Bharti Airtel Ltd (Partly Paid Rs.1.25)(2.83%), Bajaj Finance Ltd(2.79%), Varun Beverages Ltd(2.63%) as on October 2024
Health(19.15%), Consumer Cyclical(16.11%), Financial Services(14.03%) as on October 2024
The alpha ratio for the Bandhan Innovation Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Innovation Fund Direct Growth | - | - | - |
As on October 2024
The alpha for Bandhan Innovation Fund Direct Growth is calculated against Nifty 500 TRI. 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 Innovation Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Innovation Fund Direct Growth | - | - | - |
As on October 2024
The Beta for Bandhan Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 Innovation Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Innovation Fund Direct Growth | - | - | - |
As on October 2024
The sharpe ratio for Bandhan Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 Innovation Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Innovation Fund Direct Growth | - | - | - |
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.
The Exit load of Bandhan Innovation Fund Direct Growth is 0.5%