Bandhan ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-10-2024
₹ 172.71
1D
Inception Returns
19.1%
/yr
About Bandhan ELSS Tax saver Fund Direct Growth
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
- Bandhan ELSS Tax saver Fund Direct Growth has ₹7235 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Bandhan ELSS Tax saver Fund Direct Growth has given a CAGR return of 19.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.14%, 17.44% and 25.16% respectively.
Holdings
Bandhan ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Consumer Defensive, Basic Materials, Health, Energy, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries 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 benefitDividends 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
Historical NAV & Returns
Annualised
▲
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10121 people have invested ₹ 3.3Cr in Bandhan ELSS Tax saver Fund Direct Growth in the last three months
INDmoney Rank for Bandhan ELSS Tax saver Fund Direct Growth
Powered by IND quant engine
10
/23
51% Performance
32% Risk Management
80% Cost
10 out of 23 among elss (tax savings)
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of Recovering losses quickly
Bandhan ELSS Tax saver Fund Direct Growth Overview
| Expense ratio | 0.64% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹7235 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 29.77% |
| 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 (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
65.8%
Mid cap
15.9%
Small cap
15.1%
Sector Allocation
Financial Services
26.1%
Consumer Cyclical
11.7%
Tech
11.2%
Industrial
9.7%
Health
9.7%
Basic Materials
9%
Consumer Defensive
8.9%
Energy
5.8%
Communication
3.5%
Utilities
2.9%
Real Estate
1.6%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 1.72% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund underperformed Nifty 500 by 0.32% in Sep'24
- AUM of the fund stands at 7.2K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Large Cap allocation has gone up from 64.7% to 66%
Small Cap allocation has gone up from 13.8% to 15.6%
Mid Cap allocation has gone down from 19.3% to 16.2%
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Tech
Sep'24
Financial Services
26%
Consumer Cyclical
12%
Tech
11%
Aug'24
Financial Services
26%
Consumer Cyclical
12%
Tech
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.89% | 2.1% | |
 ICICI Bank Ltd | 5.19% | 0% | |
 Reliance Industries Ltd | 5.02% | 2.2% | |
 Axis Bank Ltd | 4.19% | 0% | |
 Infosys Ltd | 3.57% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 CG Power & Industrial Solutions Ltd | 5.8% |
 Bosch Ltd | 0.9% |
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Daylynn Pinto
Fund Manager of Bandhan ELSS Tax saver Fund Direct Growth, since 20 October 2016
Top funds managed
Fund House
Bandhan Asset Management Company Limited
Total Schemes
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
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 69% return, outperforming this fund by 37.86%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 27.38% return, outperforming this fund by 9.95% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.64% which is lower than the category average expense ratio of 1.26%.
Over the last 6 months, this fund has increased expense ratio by 20.8% moving from 0.53 to 0.64.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.62% return, outperforming this fund by 10.46% per annum.
Bandhan ELSS Tax saver 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 19.1% since inception which is more than its category average return of 16.38%
Fund Allocations
This fund has an allocation of 96.83% in Equity, 0% in Debt and 3.17% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4217 Cr
Expense Ratio 0.64%
This fund has an expense ratio of 0.64% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for Bandhan ELSS Tax saver Fund Direct Growth
The current NAV of Bandhan ELSS Tax saver Fund Direct Growth is ₹172.71 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
Bandhan ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.97% | -3.97% |
6 Month Returns | 12.64% | 12.64% |
1 Year Returns | 31.14% | 31.14% |
3 Years Returns | 61.97% | 17.44% |
5 Years Returns | 207.17% | 25.16% |
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0.64% as on September 2024
₹7235 Cr as on September 2024
HDFC Bank Ltd(5.89%), ICICI Bank Ltd(5.19%), Reliance Industries Ltd(5.02%), Axis Bank Ltd(4.19%), Infosys Ltd(3.57%) as on September 2024
Financial Services(26.5%), Consumer Cyclical(11.23%), Tech(10.34%) as on September 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 | -0.74 | 2.82 | 2.24 |
As on September 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 | 0.88 | 0.93 | 1.08 |
As on September 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 | 2.43 | 1.11 | 0.98 |
As on September 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 | 10.08 | 12.62 | 20.95 |
As on September 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 1.95 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.57 as on September 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%