Bandhan ELSS Tax saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Bandhan ELSS Tax saver Fund Direct Growth

About the Fund

Bandhan ELSS Tax saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Daylynn Pinto. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bandhan ELSS Tax saver Fund Direct Growth has ₹6856 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bandhan ELSS Tax saver Fund Direct Growth has given a CAGR return of 19.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.11%, 21.77% and 24.35% respectively.

Holdings

Bandhan ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Consumer Defensive, Energy, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Axis Bank Ltd, Infosys Ltd

Taxation

As it is a elss (tax savings) 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 ELSS Tax saver Fund Direct Growth

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Bandhan ELSS Tax saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
10217 people have invested ₹ 3.7Cr in Bandhan ELSS Tax saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
10
/23
54% Performance
35% Risk Management
82% Cost
10 out of 23 among elss (tax savings)
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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Poor track record of Recovering losses quickly

Fund Overview

Expense ratio0.63%
Benchmark
S&P BSE 200 India TR INR
AUM₹6856 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
13.23%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Large cap
65%

Mid cap
18.6%

Small cap
13.9%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
27.5%
Consumer Cyclical
12.1%
Industrial
11.1%
Tech
9.6%
Health
8.8%
Basic Materials
8.4%
Consumer Defensive
8.1%
Energy
6.4%
Communication
3.3%
Utilities
3.1%
Real Estate
1.6%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Infosys Ltd
Infosys Ltd
15.2%
HDFC Bank Ltd
HDFC Bank Ltd
0.7%

Daylynn Pinto
Daylynn Pinto
Fund Manager of Bandhan ELSS Tax saver Fund Direct Growth, since 20 October 2016

Mutual Fund Insights

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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.24% return, outperforming this fund by 11.9% per annum.
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Over the last 6 months, this fund has experienced a 19.3% growth in AUM moving from 5.74K Cr to 6.85K Cr.
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Over the last 3 months, this fund has increased expense ratio by 18.9% moving from 0.53 to 0.63.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 59.5% return, outperforming this fund by 24.39%.
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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.28%.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.78% return, outperforming this fund by 7.02% per annum.

Bandhan ELSS Tax saver 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 19.53% since inception which is more than its category average return of 16.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.5% in Equity, 0% in Debt and 2.5% in Cash related instruments
AUM size ₹6856 Cr

AUM size ₹6856 Cr

This fund has AUM of ₹6856 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Bandhan ELSS Tax saver Fund Direct Growth is ₹174.95 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Bandhan ELSS Tax saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.9%
3.9%
6 Month Returns
18.38%
18.38%
1 Year Returns
35.11%
35.11%
3 Years Returns
80.55%
21.77%
5 Years Returns
197.28%
24.35%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.63% as on June 2024
₹6856 Cr as on June 2024
HDFC Bank Ltd(5.89%), Reliance Industries Ltd(5.25%), ICICI Bank Ltd(5.25%), Axis Bank Ltd(4.24%), Infosys Ltd(3.2%) as on June 2024
Financial Services(26.78%), Consumer Cyclical(11.76%), Industrial(10.82%) as on June 2024
The alpha ratio for the Bandhan ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bandhan ELSS Tax saver Fund Direct Growth
1.58
3.03
1.51
As on June 2024
The alpha for Bandhan ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bandhan ELSS Tax saver Fund Direct Growth
0.86
0.89
1.09
As on June 2024
The Beta for Bandhan ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bandhan ELSS Tax saver Fund Direct Growth
2.37
1.2
0.83
As on June 2024
The sharpe ratio for Bandhan ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bandhan ELSS Tax saver Fund Direct Growth
10.28
12.63
21.6
As on June 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 2.11 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.37 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Daylynn Pinto is the fund manager of Bandhan ELSS Tax saver Fund Direct Growth
The Exit load of Bandhan ELSS Tax saver Fund Direct Growth is 0%