Bandhan Financial Services Fund Direct Growth

Bandhan Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

NAV as on 03-12-2024

₹ 14.36

0.2%

1D

Inception Returns

30%

/yr

About Bandhan Financial Services Fund Direct Growth

Bandhan Financial Services Fund Direct Growth is an equity fund. This fund was started on 31 July, 2023. The fund is managed by Harshal Joshi, Sumit Agrawal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bandhan Financial Services Fund Direct Growth has ₹951 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bandhan Financial Services Fund Direct Growth has given a CAGR return of 30.01% since inception. Over the last 1 year the fund has given a CAGR return of 29.39%.

Holdings

Bandhan Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, Cholamandalam Investment and Finance Co Ltd

Taxation

As it is a sector - financial services 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 Financial Services Fund Direct Growth

The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
394 people have invested ₹ 29.7L in Bandhan Financial Services Fund Direct Growth in the last three months

Bandhan Financial Services Fund Direct Growth Overview

Expense ratio0.62%
Benchmark
S&P BSE BANKEX INR
AUM₹951 Cr
Inception Date31 July, 2023
Min Lumpsum/SIP₹1000/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
90.52%
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 (03-Dec-24)

Period
Bandhan Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
0.7%
0.9%
0.5%
3M
1.6%
-3.2%
-0.3%
6M
14.9%
5.6%
6.3%
1Y
29.4%
27.1%
16.9%

Fund Distribution

as on (31-Oct-24)

  • Equity 95.6%

  • Debt & Cash 4.5%

Large cap
60.7%

Mid cap
17.5%

Small cap
16.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
95.8%
Tech
3.1%
Health
1.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-3.52%
5.04%
3.13%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -3.52% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 3.00% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 976.3 Cr
₹ 925.8 Cr
₹ 925.8 Cr
  • AUM of the fund stands at 976.3 Cr as of Oct'24
  • AUM increased by 50.5 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Axis Bank Ltd's allocation increased from 7.93% to 8.9%
Axis Bank Ltd's allocation increased from 7.93% to 8.9%
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 0.79% to 1.68%
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 0.79% to 1.68%
BSE Ltd's allocation increased from 1.13% to 1.74%
BSE Ltd's allocation increased from 1.13% to 1.74%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 14.93 % to 14.84 %
ICICI Bank Ltd's allocation decreased from 14.93 % to 14.84 %
Kotak Mahindra Bank Ltd's allocation decreased from 5.55 % to 5.25 %
Kotak Mahindra Bank Ltd's allocation decreased from 5.55 % to 5.25 %
Cholamandalam Investment and Finance Co Ltd's allocation decreased from 4.09 % to 3.41 %
Cholamandalam Investment and Finance Co Ltd's allocation decreased from 4.09 % to 3.41 %
Small Cap allocation has gone down from 18.1% to 16.3%
Small Cap allocation has gone down from 18.1% to 16.3%
Mid Cap allocation has gone down from 18.4% to 17.5%
Mid Cap allocation has gone down from 18.4% to 17.5%
Large Cap allocation has gone down from 61.5% to 60.7%
Large Cap allocation has gone down from 61.5% to 60.7%
Cash allocation has gone up from 2% to 4.4%
Cash allocation has gone up from 2% to 4.4%

Top 3 Sectors in October were Financial Services, Tech & Health

Oct'24
Financial Services
96%
Tech
3%
Health
1%
Sep'24
Financial Services
96%
Tech
3%
Health
1%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
47
52
52
Top 5 Company Concentration
46.9%
46.6%
46.6%
Company having highest exposure
ICICI Bank Ltd (14.8%)
ICICI Bank Ltd (14.9%)
ICICI Bank Ltd (14.9%)
No of Sectors
3
3
3
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (95.8%)
Financial Services (96%)
Financial Services (96%)
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Harshal Joshi
Harshal Joshi
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Sumit Agrawal
Sumit Agrawal
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
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

Bandhan Financial Services 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 30.01% since inception which is more than its category average return of 15.57%
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 ₹951 Cr

AUM size ₹951 Cr

This fund has AUM of ₹951 Cr which is less than its category average of ₹ 1738 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 1.38%

Frequently Asked Questions for Bandhan Financial Services Fund Direct Growth

The current NAV of Bandhan Financial Services Fund Direct Growth is ₹14.36 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Bandhan Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.69%
0.69%
6 Month Returns
14.94%
14.94%
1 Year Returns
29.39%
29.39%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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 November 2024
₹951 Cr as on November 2024
ICICI Bank Ltd(14.84%), HDFC Bank Ltd(14.55%), Axis Bank Ltd(8.9%), Kotak Mahindra Bank Ltd(5.25%), Cholamandalam Investment and Finance Co Ltd(3.41%) as on November 2024
Financial Services(91.5%), Tech(3%), Health(1.05%) as on November 2024
The alpha ratio for the Bandhan Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bandhan Financial Services Fund Direct Growth
11.53
-
-
As on November 2024
The alpha for Bandhan Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bandhan Financial Services Fund Direct Growth
0.66
-
-
As on November 2024
The Beta for Bandhan Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bandhan Financial Services Fund Direct Growth
1.56
-
-
As on November 2024
The sharpe ratio for Bandhan Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bandhan Financial Services Fund Direct Growth
12.9
-
-
As on November 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.
Harshal Joshi, Sumit Agrawal are the fund managers of Bandhan Financial Services Fund Direct Growth
The Exit load of Bandhan Financial Services Fund Direct Growth is 0.5%