Equity
Direct
Sector - Financial Services
NAV as on 03-12-2024
₹ 14.36
▲0.2%
1D
Inception Returns
30%
/yr
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.
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%.
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
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.62% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹951 Cr |
Inception Date | 31 July, 2023 |
Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.5% |
Lock In | No Lock-in |
TurnOver | 90.52% |
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 |
as on (03-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Tech & Health
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Financial Services Fund Direct Growth | 11.53 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Financial Services Fund Direct Growth | 0.66 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Financial Services Fund Direct Growth | 1.56 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Financial Services Fund Direct Growth | 12.9 | - | - |