Bandhan Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 03-12-2024
₹ 18.54
▲1.2%
1D
Inception Returns
30.5%
/yr
About Bandhan Midcap Fund Direct Growth
Bandhan Midcap Fund Direct Growth is an equity fund. This fund was started on 18 August, 2022. The fund is managed by Harshal Joshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Midcap Fund Direct Growth has ₹1494 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 Midcap Fund Direct Growth has given a CAGR return of 30.47% since inception. Over the last 1 year the fund has given a CAGR return of 37.56%.
Holdings
Bandhan Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Tech, Health, Financial Services, Basic Materials, Real Estate, Communication, Utilities, Consumer Defensive, Energy. Its top holdings are Trent Ltd, Cummins India Ltd, Persistent Systems Ltd, Prestige Estates Projects Ltd, Dixon Technologies (India) Ltd
Taxation
As it is a mid-cap 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 Midcap Fund Direct Growth
The Fund seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of mid cap segment.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
658 people have invested ₹ 35.6L in Bandhan Midcap Fund Direct Growth in the last three months
Bandhan Midcap Fund Direct Growth Overview
| Expense ratio | 0.6% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹1494 Cr |
| Inception Date | 18 August, 2022 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 48.3% |
| 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 (03-Dec-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
66.1%
Small cap
13.8%
Large cap
12.8%
Sector Allocation
Industrial
26%
Consumer Cyclical
23.8%
Tech
12.5%
Health
8.8%
Financial Services
8.7%
Basic Materials
8%
Real Estate
4.4%
Communication
2.7%
Utilities
2.3%
Consumer Defensive
2.2%
Energy
0.5%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.65% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 1.07% in Oct'24
- AUM of the fund stands at 1.5K Cr as of Oct'24
- AUM increased by 38.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Ajanta Pharma Ltd's allocation increased from 0.01% to 0.74%
Ipca Laboratories Ltd's allocation increased from 0.3% to 0.89%
Prestige Estates Projects Ltd's allocation increased from 2.23% to 2.71%
Top Stocks sold last month
Trent Ltd's allocation decreased from 4.69 % to 4.51 %
Cummins India Ltd's allocation decreased from 3.47 % to 3.12 %
UNO Minda Ltd's allocation decreased from 2.69 % to 2.28 %
Mid Cap allocation has gone up from 65.7% to 66.1%
Large Cap allocation has gone down from 13.7% to 12.8%
Small Cap allocation has gone down from 15.6% to 13.8%
Cash allocation has gone up from 3.2% to 4.2%
Top 3 Sectors in October were Consumer Cyclical, Industrial & Tech
Oct'24
Industrial
26%
Consumer Cyclical
24%
Tech
12%
Sep'24
Consumer Cyclical
27%
Industrial
26%
Tech
11%
Top Growth Drivers | 1M Return |
|---|---|
 Indian Hotels Co Ltd | 20.2% |
 Dixon Technologies (India) Ltd | 16.1% |
 Persistent Systems Ltd | 10.7% |
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Harshal Joshi
Fund Manager of Bandhan Midcap Fund Direct Growth, since 18 August 2022
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 Midcap 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 30.47% since inception which is more than its category average return of 19.58%
Fund Allocations
This fund has an allocation of 95.83% in Equity, 0% in Debt and 4.17% in Cash related instruments
AUM size ₹1494 Cr
This fund has AUM of ₹1494 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 0.6%
This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for Bandhan Midcap Fund Direct Growth
The current NAV of Bandhan Midcap Fund Direct Growth is ₹18.54 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Bandhan Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.05% | 3.05% |
6 Month Returns | 16.41% | 16.41% |
1 Year Returns | 37.56% | 37.56% |
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.
0.6% as on November 2024
₹1494 Cr as on November 2024
Trent Ltd(4.51%), Cummins India Ltd(3.12%), Persistent Systems Ltd(3.07%), Prestige Estates Projects Ltd(2.71%), Dixon Technologies (India) Ltd(2.66%) as on November 2024
Industrial(24.94%), Consumer Cyclical(22.86%), Tech(11.97%) as on November 2024
The alpha ratio for the Bandhan Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Midcap Fund Direct Growth | 7 | - | - |
As on November 2024
The alpha for Bandhan Midcap Fund Direct Growth is calculated against S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Midcap Fund Direct Growth | 0.72 | - | - |
As on November 2024
The Beta for Bandhan Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Midcap Fund Direct Growth | 1.97 | - | - |
As on November 2024
The sharpe ratio for Bandhan Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Midcap Fund Direct Growth | 12.7 | - | - |
As on November 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.
Harshal Joshi is the fund manager of Bandhan Midcap Fund Direct Growth
The Exit load of Bandhan Midcap Fund Direct Growth is 1%