Bandhan Equity Savings Fund Direct IDCW NAV today
AMFI: 118476ISIN: INF194K01Z10MUTF_IN: BAND_EQUI_SAVI_1VBJPZLBandhan Mutual FundEquity Savings funds
Formerly IDFC Equity Savings Fund
NAV ₹11.3680
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹394 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.63%14 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 18.930 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- LowAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 6430 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 9 Jun 2008
Bandhan Equity Savings Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −0.23% | – | – | – | – |
| 1 month | −0.48% | – | 2 of 24 | −1.81% | −2.4% to −1.4% |
| 3 months | −0.26% | – | 5 of 24 | −1.00% | −1.3% to −0.4% |
| 6 months | +1.68% | – | 5 of 24 | +0.36% | −0.2% to +1.6% |
| 1 year | +2.85% | +2.69%to 30 Sep 2026 | 6 of 24 | +1.29% | −0.1% to +2.6% |
| 3 years | +6.95% | +7.45%to 30 Sep 2026 | 17 of 21 | +7.97% | +7.1% to +9.0% |
| 5 years | +6.53% | +7.11%to 30 Sep 2026 | 16 of 21 | +7.32% | +6.5% to +7.9% |
| 10 years | +7.12% | +9.26%to 30 Sep 2026 | 13 of 14 | +8.54% | +7.5% to +9.5% |
₹10,000 put in on 1 Jan 2014 is ₹24,739 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: CRISIL Equity Savings Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Equity Savings funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +3.54% | +2.69% |
| 3 years | +6.86% | +7.45% |
| 5 years | +6.56% | +7.11% |
| 10 years | +7.15% | +9.26% |
| Since launch | +7.34% | +9.58% |
Benchmark: CRISIL Equity Savings Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2021, +11.3%; lowest year to Dec 2022, +3.5%
Bandhan Equity Savings Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,21,591₹1,21,585 after stamp duty | +2.58% | +2.57% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,88,169₹3,88,149 after stamp duty | +5.03% | +5.02% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,04,993₹7,04,958 after stamp duty | +6.44% | +6.44% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹17,47,045₹17,46,998 after stamp duty | +7.32% | +7.32% | ₹38 | |
| Since Jan 2014154 instalments | ₹15,40,000 | ₹25,02,741₹25,02,694 after stamp duty | +7.27% | +7.27% | ₹38 |
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 1 Jan 2014 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year2,919 windows−11.5%+7.6%+34.2%97.9%
3 years2,427 windows−0.6%+7.6%+14.7%99.9%
5 years1,935 windows+2.4%+7.5%+12.8%100.0%
10 years703 windows+7.1%+7.6%+7.8%100.0%
Every 5 and 10-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Bandhan Equity Savings Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.91 ptsA year, on 14 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.64%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.55%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.53%, Nov 2020.Direct plan lowest 0.17%, May 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.15% | 0.93% |
| Brokerage | 0.08% | 0.08% |
| Transaction costs | 0.02% | 0.02% |
| Statutory levies | 0.38% | 0.51% |
Per cent of assets a year, filed for 14 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
Entry Load: Nil Exit Load: If redeemed/switched out within 7 days from the date of allotment: - For 10% of investment: Nil . For remaining investment: 0.25% of applicable NAV. If redeemed/switched out after 7 days from the date of allotment: Nil.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Monthly - Investor may choose any day of the month from 1st to 31st as the date of the instalment and Quarterly -Investor may choose any day of the month from 1st to 31st as the date of the instalment
As listed for this plan on 24 Oct 2026.
Bandhan Equity Savings Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹401 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 36.4%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹860 Cr, quarter to Mar 2017.
Assets at each month end
Highest ₹414 Cr, Feb 2026.Lowest ₹50 Cr, Jul 2020.
Bandhan Equity Savings Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|---|
| Bandhan Money Market Fund | Fund units | 7.29% | 28.67 | 60,51,463 | – | Aug 2024or earlier | |
| HDFC Bank LimitedCARE A1+, repaid 15 Feb 2027 | Bonds and bills | 6.20% | 24.38 | 25,00,000 | 6.79% | Sep 2026 | |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 3.97% | 15.60 | 3,74,089 | – | Jan 2026 |
| HDFC BankBanks | Shares | Large cap2nd | 3.83% | 15.05 | 2,12,421 | – | May 2018 |
| Axis BankBanks | Shares | Large cap15th | 3.80% | 14.94 | 1,21,875 | – | Jun 2018 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 3.17% | 12.47 | 1,05,054 | – | May 2018 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.96% | 11.64 | 66,221 | – | Apr 2019 |
| Larsen & ToubroConstruction | Shares | Large cap8th | 2.91% | 11.45 | 30,454 | – | May 2018 |
| Canara BankBanks | Shares | Large cap80th | 2.87% | 11.29 | 9,45,000 | – | Jun 2026 |
| Pidilite IndustriesChemicals & Petrochemicals | Shares | Large cap57th | 2.67% | 10.49 | 71,598 | – | Mar 2021or earlier |
| 7.53% Bajaj Housing Finance LimitedCRISIL AAA, repaid 28 Sep 2029 | Bonds and bills | 2.50% | 9.82 | 10,00,000 | 8.25% | Sep 2026 | |
| 6.54% GOI (MD 17/01/2032)SOVEREIGN, 6.54% coupon, repaid 17 Jan 2032 | Bonds and bills | 2.49% | 9.79 | 10,00,000 | 7.15% | Nov 2024 | |
| ITCDiversified FMCG | Shares | Large cap17th | 2.31% | 9.10 | 3,46,349 | – | Mar 2023or earlier |
| ICICI BankBanks | Shares | Large cap5th | 2.28% | 8.97 | 67,836 | – | Jun 2018 |
| State Bank of IndiaBanks | Shares | Large cap4th | 2.22% | 8.72 | 90,888 | – | Jun 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore. 27 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Axis Bank Limited October 2026 Future | −3.80% | −14.96 | −1,21,875 |
| Kotak Mahindra Bank Limited October 2026 Future | −3.20% | −12.59 | −3,02,000 |
| HDFC Bank Limited October 2026 Future | −3.16% | −12.42 | −1,73,550 |
| Canara Bank October 2026 Future | −2.90% | −11.39 | −9,45,000 |
| Reliance Industries Limited October 2026 Future | −2.49% | −9.77 | −82,000 |
| Larsen & Toubro Limited October 2026 Future | −2.33% | −9.15 | −24,325 |
| Bharti Airtel Limited October 2026 Future | −2.22% | −8.73 | −49,400 |
| Pidilite Industries Limited October 2026 Future | −2.07% | −8.14 | −55,000 |
| Grasim Industries Limited October 2026 Future | −1.81% | −7.13 | −23,250 |
| ITC Limited October 2026 Future | −1.61% | −6.32 | −2,39,775 |
| State Bank of India October 2026 Future | −1.57% | −6.17 | −63,750 |
| ICICI Bank Limited October 2026 Future | −1.44% | −5.67 | −42,700 |
| Aurobindo Pharma Limited October 2026 Future | −1.36% | −5.35 | −31,900 |
| Punjab National Bank October 2026 Future | −1.27% | −5.01 | −4,40,000 |
| CG Power and Industrial Solutions Limited October 2026 Future | −1.17% | −4.61 | −53,550 |
Weight is per cent of the fund's net assets; value in ₹ crore. 27 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo TRP_011026 | 3.01% | 11.84 |
| Cash Margin - Derivatives | 0.46% | 1.80 |
| Net Receivables/Payables | −0.01% | 0.07 |
| Cash / Bank Balance | – | 0.01 |
| Cash Margin - CCIL | – | 0.00 |
Weight is per cent of the fund's net assets; value in ₹ crore. 27 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 7.29%Bandhan Money Market Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 25.09%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 39.67%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 30.77%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 36.1Taken over 96.54% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares65.66%
- Bonds and bills23.59%
- Units of other funds7.29%
- Cash and receivables3.46%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.−45.00%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.45.00%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap94.56%Category 78.12%
- Mid cap5.44%Category 13.78%
- Small capNoneCategory 7.50%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 24 Equity Savings funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.12sectors
- Financial Services4.37%Category 10.24%
- Healthcare3.59%Category 3.27%
- Fast Moving Consumer Goods2.82%Category 1.84%
- Information Technology2.50%Category 1.75%
- Automobile And Auto Components1.42%Category 2.63%
- Consumer Durables1.34%Category 0.98%
- Construction Materials1.26%Category 0.57%
- Power0.79%Category 1.16%
- Telecommunication0.74%Category 1.27%
- Oil Gas & Consumable Fuels0.68%Category 1.94%
- Chemicals0.60%Category 0.65%
- Construction0.58%Category 0.82%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Equity Savings funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Equity Savings funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services11 companies | 4.37% | 4.22% | 4.42% | 4.32% | 4.25% | 4.31% | 4.40% | 4.50% | 4.35% | 3.75% | 2.04% | 2.04% | |
| Healthcare7 companies | 3.59% | 3.44% | 3.64% | 3.60% | 3.55% | 3.45% | 3.87% | 3.54% | 3.30% | 3.40% | 1.91% | 1.87% | |
| Fast Moving Consumer Goods6 companies | 2.82% | 2.77% | 2.94% | 2.90% | 2.98% | 3.12% | 3.09% | 3.02% | 2.97% | 3.04% | 1.72% | 1.74% | |
| Information Technology4 companies | 2.50% | 2.70% | 2.75% | 1.89% | 2.04% | 2.15% | 2.05% | 1.93% | 2.32% | 2.72% | 1.45% | 1.42% | |
| Automobile And Auto Components3 companies | 1.42% | 1.43% | 1.44% | 2.15% | 2.12% | 2.05% | 1.87% | 1.95% | 1.92% | 1.77% | 0.95% | 0.98% | |
| Consumer Durables2 companies | 1.34% | 1.33% | 1.36% | 1.55% | 1.49% | 1.46% | 1.48% | 1.39% | 1.36% | 1.63% | 0.91% | 0.85% | |
| Construction Materials3 companies | 1.26% | 1.19% | 1.30% | 1.44% | 1.49% | 1.42% | 1.39% | 1.37% | 1.36% | 1.18% | 0.67% | 0.71% | |
| Power2 companies | 0.79% | 0.70% | 0.77% | −0.01% | −0.01% | −0.01% | 0.00% | −0.01% | 0.00% | −0.01% | −0.01% | −0.01% | |
| Telecommunication1 company | 0.74% | 0.64% | 0.77% | 0.71% | 0.69% | 0.73% | 0.67% | 0.61% | 0.63% | 0.75% | 0.40% | 0.41% | |
| Oil Gas & Consumable Fuels1 company | 0.68% | 0.61% | 0.71% | 0.57% | 0.60% | 0.72% | 0.70% | 0.64% | 0.65% | 0.80% | 0.41% | 0.41% | |
| Chemicals1 company | 0.60% | 0.70% | 0.62% | 0.71% | 0.67% | 0.59% | 0.64% | 0.65% | 0.62% | 0.59% | 0.32% | 0.32% | |
| Construction1 company | 0.58% | 0.54% | 0.54% | 0.76% | 0.73% | 0.75% | 0.64% | 0.69% | 0.61% | 0.66% | 0.37% | 0.37% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.45%Lines stating a yield: 88.68% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.80%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal.
- 202days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates.
- 192days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid.
- 234days
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign8.60%
- AAA8.79%
Loans of under a year
- A1+6.20%
Other
- Overnight lending3.01%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month3.01%
- 1 to 3 monthsNone
- 3 to 6 months6.20%
- 6 to 12 monthsNone
- 1 to 3 years11.70%
- 3 to 5 years1.93%
- 5 to 10 years2.49%
- Over 10 years1.27%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 6.20%HDFC Bank Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 13.74%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 14.99%
Per cent of the fund's net assets. Lent outside the government: 14.99% of the fund, to 6 borrowers; the borrower is named for 100.00% of it, its group for 16.88%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 5849.49% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 5453.17% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 28
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 3
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 35
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 49.49%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 54.50%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| HDFC Bank Limited | New | 6.20% | 0.00% | +6.20 pts | +25,00,000 |
| 7.48% National Bank For Agriculture and Rural Development | Sold out | – | 4.38% | −4.38 pts | −18,00,000 |
| 7.53% Bajaj Housing Finance Limited | New | 2.50% | 0.00% | +2.50 pts | +10,00,000 |
| 8.1% Bajaj Housing Finance Limited | Sold out | – | 2.45% | −2.45 pts | −10,00,000 |
| 7.1% Bajaj Housing Finance Limited | Sold out | – | 2.41% | −2.41 pts | −10,00,000 |
| 7.7% REC Limited | Sold out | – | 1.23% | −1.23 pts | −5,00,000 |
| Pidilite Industries | Added | 2.67% | 2.91% | −0.24 pts | +927 |
| Kotak Mahindra Bank | Added | 3.97% | 3.76% | +0.21 pts | +6,636 |
| HDFC Bank | Added | 3.83% | 3.66% | +0.17 pts | +1,149 |
| ITC | Added | 2.31% | 2.15% | +0.16 pts | +2,068 |
| Nestle India | Added | 1.75% | 1.89% | −0.14 pts | +661 |
| Bajaj Finserv | Added | 1.76% | 1.89% | −0.13 pts | +1,645 |
| Maruti Suzuki India | Added | 1.72% | 1.82% | −0.10 pts | +148 |
| Dr. Reddy's Laboratories | Added | 0.63% | 0.54% | +0.09 pts | +878 |
| NTPC | Added | 0.79% | 0.71% | +0.08 pts | +7,144 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 108 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Money Market Fund | 7.58% | 7.24% | 6.84% | 6.85% | 6.66% | 7.06% | 7.15% | 7.15% | 7.03% | 7.09% | 6.97% | 7.29% |
| HDFC Bank Limited | – | – | – | – | – | – | – | – | – | – | – | 6.20%Bought |
 Kotak Mahindra Bank | – | – | – | 3.66%Bought again | 3.64%Added | 3.31%Added | 3.66%Added | 3.66%Cut | 3.64%Added | 3.61%Cut | 3.76%Cut | 3.97%Added |
 HDFC Bank | 4.18%Added | 4.07%Added | 4.65%Added | 4.86%Added | 4.54%Added | 4.02%Added | 4.34%Added | 4.19%Added | 4.38%Added | 4.04%Cut | 3.66%Cut | 3.83%Added |
 Axis Bank | 2.42%Cut | 2.39% | 3.24%Added | 4.28%Added | 4.18% | 3.70% | 3.97%Cut | 4.02% | 4.09% | 3.75% | 3.87% | 3.80% |
 Reliance Industries | 3.85%Added | 3.87%Added | 4.04%Added | 3.53%Cut | 3.41%Added | 3.52%Added | 3.78% | 3.40%Cut | 3.24%Added | 3.41%Added | 3.22%Cut | 3.17%Added |
 Bharti Airtel | 1.32%Added | 1.28%Added | 1.58%Added | 1.40%Cut | 1.33%Added | 2.15%Added | 2.30%Added | 2.22%Cut | 3.00%Added | 3.23%Added | 2.90%Added | 2.96%Added |
 Larsen & Toubro | 3.00%Added | 2.89%Added | 4.06%Added | 4.65%Added | 4.92%Added | 4.30%Added | 3.27%Cut | 3.31%Cut | 3.29%Added | 2.96%Cut | 2.95%Cut | 2.91%Added |
 Canara Bank | – | – | – | – | – | – | – | – | 2.96%Bought again | 2.95% | 2.93% | 2.87% |
 Pidilite Industries | 2.56%Added | 2.49%Added | 2.64%Added | 2.59%Added | 2.64%Added | 2.44%Added | 2.55%Cut | 2.77%Added | 2.90%Added | 2.85%Cut | 2.91%Cut | 2.67%Added |
| 7.53% Bajaj Housing Finance Limited | – | – | – | – | – | – | – | – | – | – | – | 2.50%Bought |
| 6.54% GOI (MD 17/01/2032) | 2.82% | 2.67% | 2.50% | 2.49% | 2.42% | 2.50% | 2.52% | 2.52% | 2.49% | 2.50% | 2.43% | 2.49% |
 ITC | 3.34%Added | 3.07%Added | 3.29%Added | 2.66%Added | 2.53%Added | 2.52%Added | 2.69%Cut | 2.45%Cut | 2.41%Added | 2.41%Added | 2.15%Added | 2.31%Added |
 ICICI Bank | 5.40%Added | 5.32%Added | 0.81%Cut | 1.39%Added | 1.40%Added | 1.35%Added | 1.27%Cut | 1.29%Added | 1.37%Cut | 1.38%Cut | 2.34%Added | 2.28%Added |
 State Bank of India | 3.72%Added | 3.70%Added | 3.88%Added | 1.66%Cut | 2.23%Added | 2.52%Added | 2.45%Cut | 2.24%Added | 2.32%Cut | 2.31%Cut | 2.30%Cut | 2.22%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 72.0% in Sep 2018
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Equity Savings funds (21 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.2.79%
2.70%Lowest5.09%Average8.26%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.1.46%
1.26%Lowest2.84%Average5.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.28
0.07Lowest0.41Average1.11Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.38
0.10Lowest0.60Average1.77Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −2.24% | 26 Feb 2026 | 30 Mar 2026 | 10 Jun 2026 |
| 5 years | −3.34% | 17 Jan 2022 | 17 Jun 2022 | 1 Aug 2022 |
| 10 years and since Jan 2014 | −17.29% | 24 Jan 2020 | 23 Mar 2020 | 4 Aug 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Jan 2025 to Aug 202620 months | Low | ModerateCRISIL Equity Savings Index |
| Jun 2024 to Dec 20247 months | Low to Moderate | ModerateCRISIL Equity Savings Index |
| May 20241 month | Low to Moderate | Moderately HighCRISIL Equity Savings Index |
| Mar 2024 to Apr 20242 months | Moderate | Moderately HighCRISIL Equity Savings Index |
| Apr 2022 to Feb 202423 months | Low to Moderate | Moderately HighCRISIL Equity Savings Index |
| Nov 2021 to Mar 20225 months | Low to Moderate | CRISIL Equity Savings Index |
| Oct 20211 month | Low to Moderate | ModerateCRISIL Liquid Debt Index(70.00), NIFTY 50 TRI(30.00) |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Bandhan Equity Savings Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Kapil KankonkarComanage - Debt Portion | Jun 2025 | +4.06%a year | – | – | 22.6% | 18.7% | 3 | ₹11,804 Cr |
| Viraj KulkarniComanage - Debt Portion | Jul 2022 | +7.80%a year | – | – | 11.0% | 7.4% | 4 | ₹8,021 Cr |
| Harshal JoshiComanage - Foreign/overseas investment: | Oct 2016 | +7.16%a year | – | – | – | – | 20 | ₹55,832 Cr₹13,143 Cr alone |
| Ritika Behera(Equity Portion) | Oct 2023 | +6.96%a year | – | – | 24.7% | 22.8% | 6 | ₹13,512 Cr |
| Gaurav Satra(Equity Portion) | Jun 2024 | +5.57%a year | – | – | 25.5% | 11.2% | 5 | ₹12,509 Cr |
| Brijesh Shah(Debt Portion) | Jun 2024 | +5.57%a year | – | – | 25.5% | 11.2% | 13 | ₹50,002 Cr₹1,998 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Bandhan Arbitrage FundKapil Kankonkar | Jun 2025 | +6.43%a year | – | – | ₹7,734 Cr |
| Bandhan Multi Asset Allocation FundKapil Kankonkar | Jun 2025 | +11.68%a year | – | – | ₹3,676 Cr |
| Bandhan Flexi Cap FundViraj Kulkarni | Jan 2024 | +7.81%a year | – | – | ₹7,120 Cr |
| Bandhan Healthcare FundViraj Kulkarni | – | – | – | ₹333 Cr | |
| Bandhan Retirement FundViraj Kulkarni | Dec 2024 | +2.21%a year | – | – | ₹175 Cr |
| Bandhan Liquid FundHarshal Joshi | Sep 2015 | +6.22%a year | – | – | ₹15,011 Cr |
| Bandhan Arbitrage FundHarshal Joshi | Oct 2016 | +6.33%a year | – | – | ₹7,734 Cr |
| Bandhan Ultra Short to Short Term FundHarshal Joshi | Jul 2021 | +6.26%a year | – | – | ₹6,362 Cr |
| Bandhan Crisil IBX Gilt June 2027 Index FundHarshal Joshi | Jul 2021 | +6.06%a year | – | – | ₹5,184 Cr |
| Bandhan Ultra Short Term FundHarshal Joshi | Jul 2018 | +6.41%a year | – | – | ₹4,261 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| UTI Equity Savings FundUTI Mutual Fund | 39.79% | 28 |
| ICICI Prudential Equity Savings FundICICI Prudential Mutual Fund | 36.82% | 38 |
| DSP Equity Savings FundDSP Mutual Fund | 34.62% | 23 |
| HDFC Equity Savings FundHDFC Mutual Fund | 33.75% | 29 |
| Baroda BNP Paribas Equity Savings FundBaroda BNP Paribas Mutual Fund | 33.28% | 24 |
| Nippon India Equity Savings FundNippon India Mutual Fund | 32.94% | 25 |
| Mirae Asset Equity Savings FundMirae Asset Mutual Fund | 31.53% | 40 |
| Sundaram Equity Savings FundSundaram Mutual Fund | 31.11% | 19 |
| Franklin India Equity Savings FundFranklin Templeton Mutual Fund | 29.76% | 27 |
| Axis Equity Savings FundAxis Mutual Fund | 29.04% | 33 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Bandhan Aggressive Hybrid FundBandhan Mutual Fund | 36.19% |
| Bandhan Arbitrage FundBandhan Mutual Fund | 33.49% |
| Bandhan Balanced Advantage FundBandhan Mutual Fund | 33.29% |
| Bandhan Multi Asset Allocation FundBandhan Mutual Fund | 29.90% |
| Bandhan Conservative Hybrid FundBandhan Mutual Fund | 7.66% |
As the fund house states it, for Sep 2026.
Bandhan Equity Savings Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹4.937 a unit, Jan 2025.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 29 Sep 2026 | ₹0.057 | 0.50% | ₹11.3960 | ₹11.3380 |
| 28 Aug 2026 | ₹0.058 | 0.50% | ₹11.5890 | ₹11.5490 |
| 30 Jul 2026 | ₹0.058 | 0.50% | ₹11.6380 | ₹11.5850 |
| 29 Jun 2026 | ₹0.058 | 0.50% | ₹11.5410 | ₹11.4800 |
| 27 May 2026 | ₹0.057 | 0.50% | ₹11.4900 | ₹11.4010 |
| 29 Apr 2026 | ₹0.058 | 0.50% | ₹11.5160 | ₹11.4420 |
| 24 Mar 2026 | ₹0.058 | 0.51% | ₹11.3870 | ₹11.3780 |
| 26 Feb 2026 | ₹0.058 | 0.50% | ₹11.6780 | ₹11.5920 |
| 28 Jan 2026 | ₹0.058 | 0.50% | ₹11.6490 | ₹11.5770 |
| 30 Dec 2025 | ₹0.059 | 0.50% | ₹11.7270 | ₹11.6930 |
| 27 Nov 2025 | ₹0.059 | 0.50% | ₹11.7520 | ₹11.6930 |
| 30 Oct 2025 | ₹0.059 | 0.50% | ₹11.7400 | ₹11.6680 |
All 71 payouts since 26 Apr 2018.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2021
- 31 DecBenchmarkBenchmark: CRISIL Liquid Debt Index(70.00), NIFTY 50 TRI(30.00) to CRISIL Equity Savings Index
Fund details
Objective
The Scheme seek to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments.
Asset allocation
- Equities & Equity related instruments (including derivatives), 65% - 80%, within which- Net Equity Arbitrage Exposure - 20%-60%, Net Long Equity Exposure (un-hedged) - 10% - 45%, Debt & Money Market instruments (including Government securities, Securitised debt, Margin money/FD) and Units issued by InvITs, - 20% - 35%, within which Units issued by InvITs - 0%-10%
Type of scheme
An open ended scheme investing in equity, arbitrage and debt
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- CRISIL Equity Savings Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderate
- New fund offer
- 5 May 2008 to 16 May 2008
- Units first allotted
- 9 Jun 2008
- Open for sale again
- 14 Jun 2008
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹10,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 118477 | INF194K01Z02 | BAND_EQUI_SAVI_RC7WQP | 1 Jan 2014 | |
| Regular Growth | 108995 | INF194K01581 | BAND_EQUI_SAVI_164EQ0T | 10 Jun 2008 | |
| Direct IDCW | 118476 | INF194K01Z10 | INF194K01Z28 | BAND_EQUI_SAVI_1VBJPZL | 15 Oct 2013 |
| Regular IDCW | 108992 | INF194K01599 | INF194K01607 | BAND_EQUI_SAVI_1G2L1DB | 10 Jun 2008 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- October 2026 (opens in a new tab)Bandhan Mutual Fund, Sep 2026
Statement of additional information
- SAI Bandhan Mutual Fund (opens in a new tab)Bandhan Mutual Fund, Oct 2026
Annual report
- Abridged Annual Report - Set 1 - Debt Schemes (opens in a new tab)Bandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 2 - Equity Schemes (opens in a new tab)Bandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 3 - Fixed Term Plans (opens in a new tab)Bandhan Mutual Fund, Mar 2026
- Abridged Annual Report - Set 4 - Fund of Funds Schemes (opens in a new tab)Bandhan Mutual Fund, Mar 2026
Riskometer disclosure
- Annual changes in Risk-o-meter (opens in a new tab)Bandhan Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - 30-Sep-2026 (opens in a new tab)Bandhan Mutual Fund, Sep 2026