Bandhan Equity Savings Fund Direct Growth

Bandhan Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 10-12-2024

₹ 33.18

0.1%

1D

Inception Returns

7.8%

/yr

About Bandhan Equity Savings Fund Direct Growth

Bandhan Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2014. The fund is managed by Harshal Joshi, Viraj Kulkarni. This fund gives you the benefit of diversification.

Key Parameters

  1. Bandhan Equity Savings Fund Direct Growth has ₹194 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Bandhan Equity Savings Fund Direct Growth has given a CAGR return of 7.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.83%, 7.75% and 9.25% respectively.

Holdings

Bandhan Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Government, Tech, Basic Materials, Consumer Defensive, Health, Consumer Cyclical, Industrial, Energy, Utilities, Communication.

Taxation

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Bandhan Equity Savings Fund Direct Growth

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.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
7 people have invested ₹ 31K in Bandhan Equity Savings Fund Direct Growth in the last three months

Bandhan Equity Savings Fund Direct Growth Overview

Expense ratio0.18%
Benchmark
Crisil Equity Savings Index TR INR
AUM₹194 Cr
Inception Date1 January, 2014
Min Lumpsum/SIP₹1000/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
53.67%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (10-Dec-24)

Period
Bandhan Equity Savings Fund Direct Growth
Equity Savings Index
1M
0.4%
1.3%
3M
0.8%
1.2%
6M
3.8%
5.4%
1Y
9.8%
13.3%
3Y
7.8%
9.4%
5Y
9.2%
10.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 67.1%

  • Debt & Cash 32.9%

Large cap
63.5%

Mid cap
3.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
35%
Basic Materials
12.2%
Consumer Defensive
9.8%
Tech
9.2%
Health
9%
Consumer Cyclical
7.4%
Utilities
6%
Communication
4.2%
Energy
4.1%
Industrial
3.2%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 161.9 Cr
₹ 141 Cr
₹ 141 Cr
  • AUM of the fund stands at 161.9 Cr as of Oct'24
  • AUM increased by 20.8 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Corporate & Basic Materials

Oct'24
Financial Services
35%
Corporate
12%
Basic Materials
12%
Sep'24
Financial Services
35%
Corporate
13%
Basic Materials
13%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
96
92
92
Top 5 Company Concentration
20.4%
21.9%
21.9%
Company having highest exposure
HDFC Bank Ltd (4.7%)
Aurobindo Pharma Ltd (4.9%)
Aurobindo Pharma Ltd (4.9%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
79.2%
79.2%
81.8%
Sector having highest exposure
Financial Services (35%)
Financial Services (35%)
Financial Services (34.5%)
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Harshal Joshi
Harshal Joshi
Fund Manager of Bandhan Equity Savings Fund Direct Growth, since 20 October 2016
Viraj Kulkarni
Viraj Kulkarni
Fund Manager of Bandhan Equity Savings Fund Direct Growth, since 1 July 2022
Fund House
Bandhan Asset Management Company Limited
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

Mutual Fund Insights

Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 14.89% return, outperforming this fund by 7.14% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.18% which is lower than the category average expense ratio of 1.05%.
Insights icon
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.98% return, outperforming this fund by 5.73% per annum.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 26.36% return, outperforming this fund by 16.53%.
Insights icon
Over the last 3 months, this fund has experienced a 42.8% growth in AUM moving from 136.0 Cr to 194.14 Cr.

Bandhan Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.76% since inception which is less than its category average return of 8.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 67.06% in Equity, 16.48% in Debt and 16.43% in Cash related instruments
AUM size ₹194 Cr

AUM size ₹194 Cr

This fund has AUM of ₹194 Cr which is less than its category average of ₹ 1705 Cr
Expense Ratio 0.18%

Expense Ratio 0.18%

This fund has an expense ratio of 0.18% which is less than its category average expense ratio of 1.13%

Frequently Asked Questions for Bandhan Equity Savings Fund Direct Growth

The current NAV of Bandhan Equity Savings Fund Direct Growth is ₹33.18 as on 10-Dec-2024.
Existing (Absolute + CAGR) as on 10-Dec-2024.
Bandhan Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.44%
0.44%
6 Month Returns
3.84%
3.84%
1 Year Returns
9.83%
9.83%
3 Years Returns
25.1%
7.75%
5 Years Returns
55.61%
9.25%
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.
0.18% as on November 2024
₹194 Cr as on November 2024
Bandhan Money Manager Dir Gr(7.81%), Bandhan Liquid Dir Gr(4.9%), HDFC Bank Ltd(3.97%), 7.18% Govt Stock 2037(3.69%), Kotak Mahindra Bank Ltd(3.63%) as on November 2024
Financial Services(22.46%), Cash Equivalent(13.82%), Corporate(9.58%) as on November 2024
AAA
100
Harshal Joshi, Viraj Kulkarni are the fund managers of Bandhan Equity Savings Fund Direct Growth
The Exit load of Bandhan Equity Savings Fund Direct Growth is 0.25%