Bandhan Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 10.1 as on 21-09-2023
Fund Performance
448 people have invested ₹ 34.5L in Bandhan Financial Services Fund Direct Growth in the last three months
Fund Insights
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.02%.
About the Fund
Bandhan Financial Services Fund Direct Growth is an equity fund. This fund was started on 31 July, 2023. The fund is managed by Sumit Agrawal, Manish Gunwani, Harshal Joshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Financial Services Fund Direct Growth has ₹560 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.7.
Bandhan Financial Services Fund Direct Growth Overview
 | 0.7% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹560 Cr |
 | 31 July, 2023 |
 | ₹1000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
53.8%
Small cap
27.3%
Mid cap
17%
Sector Allocation
Financial Services
96.8%
Tech
3.2%
Top Holdings of Bandhan Financial Services Fund Direct Growth as on (31-Aug-23)
Equity Holdings45
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 11.44% | 0% | |
 HDFC Bank Ltd | 11.06% | 0% | |
 State Bank of India | 5.81% | 0% | |
 Axis Bank Ltd | 4.06% | 0% | |
 Kotak Mahindra Bank Ltd | 3.69% | 0% |
See all
Gainers & Losers in Bandhan Financial Services Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Jammu and Kashmir Bank Ltd | 29.2% |
 BSE Ltd | 26.2% |
 Angel One Ltd | 23.3% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Bandhan Financial Services Fund Direct Growth Fund Manager
Sumit Agrawal
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Top funds managed
Manish Gunwani
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Top funds managed
Harshal Joshi
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 2.17% since inception (31nd Jul 2023)
Fund Allocations
This fund has an allocation of 98.14% in Equity, 0% in Debt and 1.86% in Cash related instruments
AUM size ₹560 Cr
This fund has AUM of ₹560 Cr which is less than its category average of ₹ 1453 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Bandhan Financial Services Fund Direct Growth is ₹10.11 as on 21-Sep-2023.
Existing (Absolute + CAGR) as on 21-Sep-2023.
Bandhan Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.55% | 4.55% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
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.
0.7% as on August 2023
₹560 Cr as on August 2023
ICICI Bank Ltd(11.44%), HDFC Bank Ltd(11.06%), State Bank of India(5.81%), Axis Bank Ltd(4.06%), Kotak Mahindra Bank Ltd(3.69%) as on August 2023
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 | - | - | - |
As on August 2023
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 | - | - | - |
As on August 2023
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 | - | - | - |
As on August 2023
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 | - | - | - |
As on August 2023
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.
Sumit Agrawal, Manish Gunwani, Harshal Joshi are the fund managers of Bandhan Financial Services Fund Direct Growth
The Exit load of Bandhan Financial Services Fund Direct Growth is 1%