Bandhan Innovation Fund Direct Growth

Equity
Direct
Equity - Other
Bandhan Innovation Fund Direct Growth

About the Fund

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 ₹855 Cr worth of assets under management (AUM) as on Jun 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 15.32% since inception.

Holdings

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

Fund Performance
zero opening, trading, fund transfer fee
1053 people have invested ₹ 1.4Cr in Bandhan Innovation Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.57%
Benchmark
Nifty 500 TRI
AUM₹855 Cr
Inception Date30 April, 2024
Min Lumpsum/SIP₹1000/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.2%

  • Debt & Cash 1.8%

Small cap
35.7%
Large cap
32.8%
Mid cap
27.8%
Sector Allocation

Jun'24

May'24

Apr'24

Industrial
18.8%
Health
17.5%
Consumer Cyclical
17.2%
Financial Services
14.2%
Tech
11%
Communication
8.9%
Basic Materials
6.3%
Consumer Defensive
2.5%
Energy
2.1%
Real Estate
1.5%

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Zomato Ltd
Zomato Ltd
3.59%
11.7%
AstraZeneca Pharma India Ltd
AstraZeneca Pharma India Ltd
3.57%
8.9%
Bharti Airtel Ltd (Partly Paid Rs.1.25)
Bharti Airtel Ltd (Partly Paid Rs.1.25)
3.36%
8.1%
InterGlobe Aviation Ltd
InterGlobe Aviation Ltd
2.64%
0.8%
Info Edge (India) Ltd
Info Edge (India) Ltd
2.46%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Bandhan Innovation Fund Direct Growth
Bandhan Innovation Fund Direct Growth
-
-
-
15.3%
Aditya Birla Sun Life PSU Equity Fund Direct Growth
Aditya Birla Sun Life PSU Equity Fund Direct Growth
87.1%
43%
-
34.6%
Invesco India PSU Equity Fund Direct Plan Growth
Invesco India PSU Equity Fund Direct Plan Growth
86.8%
41.2%
33.3%
19.3%
Nippon India Power & Infra Fund - Direct Plan - Growth
Nippon India Power & Infra Fund - Direct Plan - Growth
73%
38.7%
31.8%
17.8%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings Ltd
16.7%
Zomato Ltd
Zomato Ltd
9.6%
Praj Industries Ltd
Praj Industries Ltd
3.1%

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 15.32% since inception (30nd Apr 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 98.17% in Equity, 0% in Debt and 1.83% in Cash related instruments
AUM size ₹855 Cr

AUM size ₹855 Cr

This fund has AUM of ₹855 Cr which is less than its category average of ₹ 2178 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of Bandhan Innovation Fund Direct Growth is ₹11.56 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Bandhan Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.89%
5.89%
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.
0.57% as on June 2024
₹855 Cr as on June 2024
Zomato Ltd(3.59%), AstraZeneca Pharma India Ltd(3.57%), Bharti Airtel Ltd (Partly Paid Rs.1.25)(3.36%), InterGlobe Aviation Ltd(2.64%), Info Edge (India) Ltd(2.46%) as on June 2024
Industrial(18.48%), Health(17.22%), Consumer Cyclical(16.89%) as on June 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 June 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 June 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 June 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 June 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%