Bandhan Innovation Fund Direct Growth

Bandhan Innovation Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 07-11-2024

₹ 12.66

2%

1D

Inception Returns

27.7%

/yr

About Bandhan Innovation Fund Direct Growth

Bandhan Innovation Fund Direct Growth is an equity fund. This fund was started on 30 April, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bandhan Innovation Fund Direct Growth has ₹1252 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Bandhan Innovation Fund Direct Growth has given a CAGR return of 27.67% since inception.

Holdings

Bandhan Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Cyclical, Financial Services, Industrial, Tech, Basic Materials, Communication, Consumer Defensive, Utilities, Energy, Real Estate. Its top holdings are AstraZeneca Pharma India Ltd, Zomato Ltd, Bajaj Finance Ltd, Bharti Airtel Ltd (Partly Paid Rs.1.25), Info Edge (India) Ltd

Taxation

As it is a equity - other 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 Innovation Fund Direct Growth

The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1102 people have invested ₹ 1.5Cr in Bandhan Innovation Fund Direct Growth in the last three months

Bandhan Innovation Fund Direct Growth Overview

Expense ratio0.55%
Benchmark
Nifty 500 TRI
AUM₹1252 Cr
Inception Date30 April, 2024
Min Lumpsum/SIP₹1000/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
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 (07-Nov-24)

Period
Bandhan Innovation Fund Direct Growth
Nifty 500
equity - other
1M
0.8%
-1.6%
-
3M
11.2%
-0.2%
-
6M
27.9%
10.5%
-

Fund Distribution

as on (30-Sep-24)

  • Equity 97.8%

  • Debt & Cash 2.2%

Small cap
45.1%

Large cap
28%

Mid cap
23.7%

Sector Allocation

Sep'24

Aug'24

Jul'24

Consumer Cyclical
16.7%
Health
16.5%
Industrial
13.4%
Tech
12.6%
Financial Services
12.5%
Basic Materials
10%
Communication
9.5%
Utilities
2.7%
Energy
2.5%
Consumer Defensive
2.4%
Real Estate
1%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
4.67%
4.96%
8.04%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 4.67% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund outperformed Nifty 500 by 2.63% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1K Cr
  • AUM of the fund stands at 1.1K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks sold last month
Sapphire Foods India Ltd's allocation decreased from 1.37 % to 1.31 %
Sapphire Foods India Ltd's allocation decreased from 1.37 % to 1.31 %
Mid Cap allocation has gone up from 22.4% to 23.4%
Mid Cap allocation has gone up from 22.4% to 23.4%
Large Cap allocation has gone down from 32.2% to 30%
Large Cap allocation has gone down from 32.2% to 30%
Small Cap allocation has gone up from 36.3% to 38.6%
Small Cap allocation has gone up from 36.3% to 38.6%

Top 3 Sectors in September were Consumer Cyclical, Health & Industrial

Sep'24
Consumer Cyclical
17%
Health
17%
Industrial
13%
Aug'24
Consumer Cyclical
17%
Health
17%
Industrial
13%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
83
83
81
Top 5 Company Concentration
13.8%
13.8%
14.4%
Company having highest exposure
AstraZeneca Pharma India Ltd (3.3%)
AstraZeneca Pharma India Ltd (3.3%)
AstraZeneca Pharma India Ltd (3.8%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
71.8%
71.8%
72.7%
Sector having highest exposure
Consumer Cyclical (16.7%)
Consumer Cyclical (16.7%)
Consumer Cyclical (16.3%)
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Fund House
Bandhan Asset Management Company Limited
Total AUM
₹1.57L Cr
as on 30-Sep-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 Innovation 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 returns of 27.67% since inception (30th April 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 97.81% in Equity, 0% in Debt and 2.19% in Cash related instruments
AUM size ₹1252 Cr

AUM size ₹1252 Cr

This fund has AUM of ₹1252 Cr which is less than its category average of ₹ 2417 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions for Bandhan Innovation Fund Direct Growth

The current NAV of Bandhan Innovation Fund Direct Growth is ₹12.66 as on 07-Nov-2024.
Existing (Absolute + CAGR) as on 07-Nov-2024.
Bandhan Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.82%
0.82%
6 Month Returns
27.9%
27.9%
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.
0.55% as on October 2024
₹1252 Cr as on October 2024
AstraZeneca Pharma India Ltd(3.91%), Zomato Ltd(3.23%), Bajaj Finance Ltd(3.11%), Bharti Airtel Ltd (Partly Paid Rs.1.25)(3.01%), Info Edge (India) Ltd(2.34%) as on October 2024
Health(18.54%), Consumer Cyclical(16.54%), Financial Services(14.47%) as on October 2024
The alpha ratio for the Bandhan Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bandhan Innovation Fund Direct Growth
-
-
-
As on October 2024
The alpha for Bandhan Innovation Fund Direct Growth is calculated against Nifty 500 TRI. 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 Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bandhan Innovation Fund Direct Growth
-
-
-
As on October 2024
The Beta for Bandhan Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bandhan Innovation Fund Direct Growth
-
-
-
As on October 2024
The sharpe ratio for Bandhan Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bandhan Innovation Fund Direct Growth
-
-
-
As on October 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.
The Exit load of Bandhan Innovation Fund Direct Growth is 0.5%