Bandhan Core Equity Fund Direct Growth

Bandhan Core Equity Fund Direct Growth

Equity

Direct

Large & Mid-Cap

NAV as on 08-11-2024

₹ 149.33

-0.9%

1D

Inception Returns

17.3%

/yr

About Bandhan Core Equity Fund Direct Growth

Bandhan Core Equity Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Manish Gunwani. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bandhan Core Equity Fund Direct Growth has ₹6982 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bandhan Core Equity Fund Direct Growth has given a CAGR return of 17.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 48.40%, 23.93% and 25.26% respectively.

Holdings

Bandhan Core Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Consumer Defensive, Energy, Communication, Real Estate, Utilities. Its top holdings are Reliance Industries Ltd, HDFC Bank Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, ITC Ltd

Taxation

As it is a large & 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Bandhan Core Equity Fund Direct Growth

The Scheme seeks to generate long-term capital growth by investing predominantly in large cap and mid cap stocks.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Core Equity Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
9651 people have invested ₹ 7.5Cr in Bandhan Core Equity Fund Direct Growth in the last three months

INDmoney Rank for Bandhan Core Equity Fund Direct Growth

Powered by IND quant engine
IND ranking is not available for this fund.
img
5Y returns in the top 25% of the category
img
3Y returns in the top 25% of the category
img
Beats FD returns for both 3Y & 5Y duration
img
No bad points found for this fund.

Bandhan Core Equity Fund Direct Growth Overview

Expense ratio0.62%
Benchmark
S&P BSE 200 India TR INR
AUM₹6982 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
160.27%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (08-Nov-24)

Period
Bandhan Core Equity Fund Direct Growth
NIFTY 500
large & mid-cap
1M
-1.7%
-3.7%
-0.5%
3M
1.1%
-0.3%
1.6%
6M
16%
9.4%
14.4%
1Y
48.4%
31.2%
39.3%
3Y
23.9%
13.4%
17.9%
5Y
25.3%
18.5%
21.8%

Fund Distribution

as on (30-Sep-24)

  • Equity 95.5%

  • Debt & Cash 4.5%

Large cap
40%

Mid cap
36.6%

Small cap
17.5%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
24.5%
Industrial
14.5%
Consumer Cyclical
13.6%
Health
11.4%
Tech
8.9%
Energy
6.6%
Basic Materials
5.4%
Consumer Defensive
5%
Communication
4.8%
Real Estate
3%
Utilities
2.4%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
1.57%
3.24%
6.04%
NIFTY 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 1.57% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 2.04% as on Sep'24
  • This fund underperformed NIFTY 500 by 0.47% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 6.6K Cr
₹ 6.6K Cr
₹ 6K Cr
  • AUM of the fund stands at 6.6K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 0.6% to 1.02%
Persistent Systems Ltd's allocation increased from 0.6% to 1.02%
Mid Cap allocation has gone down from 37.6% to 36.5%
Mid Cap allocation has gone down from 37.6% to 36.5%
Large Cap allocation has gone up from 40.7% to 40.8%
Large Cap allocation has gone up from 40.7% to 40.8%
Small Cap allocation has gone up from 16.2% to 17.6%
Small Cap allocation has gone up from 16.2% to 17.6%

Top 3 Sectors in September were Financial Services, Industrial & Consumer Cyclical

Sep'24
Financial Services
25%
Industrial
14%
Consumer Cyclical
14%
Aug'24
Financial Services
25%
Industrial
14%
Consumer Cyclical
14%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
115
115
115
Top 5 Company Concentration
13.1%
13.1%
14%
Company having highest exposure
Reliance Industries Ltd (3%)
Reliance Industries Ltd (3%)
Infosys Ltd (3.3%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
72.8%
72.8%
72.4%
Sector having highest exposure
Financial Services (24.5%)
Financial Services (24.5%)
Financial Services (24.5%)
Loading...
We are taking more time than usual
Manish Gunwani
Manish Gunwani
Fund Manager of Bandhan Core Equity Fund Direct Growth, since 28 January 2023
Fund House
Bandhan Asset Management Company Limited
Total AUM
₹1.57L Cr
as on 30-Sep-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

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 73.6% growth in AUM moving from 4.02K Cr to 6.98K Cr.
Insights icon
Over the last 3 months, this fund has decreased expense ratio by 16.2% moving from 0.74 to 0.62.
Insights icon
In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 27.9% return, outperforming this fund by 2.64% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.62% which is lower than the category average expense ratio of 1.19%.
Insights icon
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 57.13% return, outperforming this fund by 8.73%.
Insights icon
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 26.82% return, outperforming this fund by 2.89% per annum.

Bandhan Core Equity Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.28% since inception which is more than its category average return of 16.71%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.55% in Equity, 0% in Debt and 4.45% in Cash related instruments
AUM size ₹6982 Cr

AUM size ₹6982 Cr

This fund has AUM of ₹6982 Cr which is less than its category average of ₹ 7479 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.34%

Frequently Asked Questions for Bandhan Core Equity Fund Direct Growth

The current NAV of Bandhan Core Equity Fund Direct Growth is ₹149.33 as on 08-Nov-2024.
Existing (Absolute + CAGR) as on 08-Nov-2024.
Bandhan Core Equity Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.69%
-1.69%
6 Month Returns
16.03%
16.03%
1 Year Returns
48.4%
48.4%
3 Years Returns
90.36%
23.93%
5 Years Returns
208.42%
25.26%
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.
0.62% as on October 2024
₹6982 Cr as on October 2024
Reliance Industries Ltd(3.13%), HDFC Bank Ltd(2.84%), ICICI Bank Ltd(2.79%), Bharti Airtel Ltd(2.13%), ITC Ltd(2.12%) as on October 2024
Financial Services(23.4%), Consumer Cyclical(11.77%), Industrial(11.74%) as on October 2024
The alpha ratio for the Bandhan Core Equity Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bandhan Core Equity Fund Direct Growth
9.46
5.39
2.29
As on October 2024
The alpha for Bandhan Core Equity Fund Direct Growth is calculated against S&P BSE 200 India 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 Core Equity Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bandhan Core Equity Fund Direct Growth
0.99
0.97
0.98
As on October 2024
The Beta for Bandhan Core Equity Fund Direct Growth is calculated with S&P BSE 200 India 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 Core Equity Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bandhan Core Equity Fund Direct Growth
2.54
1.2
0.98
As on October 2024
The sharpe ratio for Bandhan Core Equity Fund Direct Growth is calculated with S&P BSE 200 India 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 Core Equity Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bandhan Core Equity Fund Direct Growth
14.36
14.24
19.87
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.
Sortino ratio is 2.2 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.56 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Gunwani is the fund manager of Bandhan Core Equity Fund Direct Growth
The Exit load of Bandhan Core Equity Fund Direct Growth is 1%