Bandhan Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 12.32 as on 15-05-2024
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 Harshal Joshi, Manish Gunwani, Sumit Agrawal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Financial Services Fund Direct Growth has ₹802 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Fund Performance
311 people have invested ₹ 8.4L in Bandhan Financial Services Fund Direct Growth in the last three months
Overview
 | 0.59% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹802 Cr |
 | 31 July, 2023 |
 | ₹1000/₹100 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 0% |
Bandhan Financial Services Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
59.1%
Small cap
20.6%
Mid cap
19.8%
Sector Allocation
Financial Services
97.6%
Tech
1.5%
Health
0.9%
Top Holdings of Bandhan Financial Services Fund Direct Growth as on (30-Apr-24)
Equity Holdings42
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 9.91% | 0% | |
 HDFC Bank Ltd | 9.85% | 0% | |
 Kotak Mahindra Bank Ltd | 8.78% | 0% | |
 Axis Bank Ltd | 5.03% | 2.6% | |
 State Bank of India | 5.02% | 0.4% |
See all
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 7% |
 State Bank of India | 6.8% |
 ICICI Bank Ltd | 4.6% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 5.89% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
- This fund outperformed Nifty 500 by 3.43% in Apr'24
AUM Change
- AUM of the fund stands at 748.7 Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Harshal Joshi
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
Sumit Agrawal
Fund Manager of Bandhan Financial Services Fund Direct Growth, since 31 July 2023
Top funds managed
Bandhan Financial Services 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 returns of 22.61% since inception (31nd Jul 2023)
Fund Allocations
This fund has an allocation of 99.37% in Equity, 0% in Debt and 0.63% in Cash related instruments
AUM size ₹802 Cr
This fund has AUM of ₹802 Cr which is less than its category average of ₹ 1625 Cr
Expense Ratio 0.59%
This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Bandhan Financial Services Fund Direct Growth is ₹12.32 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Bandhan Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1% | -1% |
6 Month Returns | 16.19% | 16.19% |
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.
0.59% as on April 2024
₹802 Cr as on April 2024
ICICI Bank Ltd(9.91%), HDFC Bank Ltd(9.85%), Kotak Mahindra Bank Ltd(8.78%), Axis Bank Ltd(5.03%), State Bank of India(5.02%) as on April 2024
Financial Services(96.96%), Tech(1.46%), Health(0.94%) as on April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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, Manish Gunwani, 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%