Bandhan Financial Services Fund Direct IDCW Reinvestment

Equity
Direct
Sector - Financial Services
Bandhan Financial Services Fund Direct IDCW Reinvestment

About the Fund

Bandhan Financial Services Fund Direct IDCW Reinvestment 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

  1. Bandhan Financial Services Fund Direct IDCW Reinvestment has ₹796 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bandhan Financial Services Fund Direct IDCW Reinvestment has given a CAGR return of 32.14% since inception.

Holdings

Bandhan Financial Services Fund Direct IDCW Reinvestment 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, IndusInd Bank Ltd, Kotak Mahindra Bank 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 IDCW Reinvestment

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 0.00 and for SIP is INR 0.00. Bandhan Financial Services Fund Direct IDCW Reinvestment has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
4 people have invested ₹ 2.4K in Bandhan Financial Services Fund Direct IDCW Reinvestment in the last three months

Fund Overview

Expense ratio0.59%
Benchmark
S&P BSE BANKEX INR
AUM₹796 Cr
Inception Date31 July, 2023
Min Lumpsum/SIP--/--
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 89.3%

  • Debt & Cash 10.7%

Large cap
56.3%

Small cap
16.6%

Mid cap
15.4%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
97.6%
Tech
1.5%
Health
0.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Harshal Joshi
Harshal Joshi
Fund Manager of Bandhan Financial Services Fund Direct IDCW Reinvestment, since 31 July 2023
Manish Gunwani
Manish Gunwani
Fund Manager of Bandhan Financial Services Fund Direct IDCW Reinvestment, since 31 July 2023
Sumit Agrawal
Sumit Agrawal
Fund Manager of Bandhan Financial Services Fund Direct IDCW Reinvestment, since 31 July 2023

Bandhan Financial Services Fund Direct IDCW Reinvestment 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 returns of 32.14% since inception (31nd Jul 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 89.33% in Equity, 0% in Debt and 10.67% in Cash related instruments
AUM size ₹796 Cr

AUM size ₹796 Cr

This fund has AUM of ₹796 Cr which is less than its category average of ₹ 1523 Cr
Expense Ratio 0.59%

Expense Ratio 0.59%

This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of Bandhan Financial Services Fund Direct IDCW Reinvestment is ₹13.21 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
Bandhan Financial Services Fund Direct IDCW Reinvestment
Absolute Returns
CAGR Returns
1 Month Returns
5.96%
5.96%
6 Month Returns
14.85%
14.85%
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 May 2024
₹796 Cr as on May 2024
ICICI Bank Ltd(10.09%), HDFC Bank Ltd(10%), Axis Bank Ltd(5.06%), IndusInd Bank Ltd(5.02%), Kotak Mahindra Bank Ltd(4.99%) as on May 2024
Financial Services(86.29%), Tech(2.04%), Health(1%) as on May 2024
The alpha ratio for the Bandhan Financial Services Fund Direct IDCW Reinvestment for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bandhan Financial Services Fund Direct IDCW Reinvestment
-
-
-
As on May 2024
The alpha for Bandhan Financial Services Fund Direct IDCW Reinvestment 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 IDCW Reinvestment for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bandhan Financial Services Fund Direct IDCW Reinvestment
-
-
-
As on May 2024
The Beta for Bandhan Financial Services Fund Direct IDCW Reinvestment 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 IDCW Reinvestment 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 IDCW Reinvestment
-
-
-
As on May 2024
The sharpe ratio for Bandhan Financial Services Fund Direct IDCW Reinvestment 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 IDCW Reinvestment 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 IDCW Reinvestment
-
-
-
As on May 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 IDCW Reinvestment
The Exit load of Bandhan Financial Services Fund Direct IDCW Reinvestment is 0.5%