Bandhan Low Duration Fund Direct Growth

Debt
Direct
Low Duration
Bandhan Low Duration Fund Direct Growth

About the Fund

Bandhan Low Duration Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Harshal Joshi. This fund is suitable to keep your money safe.

Key Parameters

  1. Bandhan Low Duration Fund Direct Growth has ₹5064 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Bandhan Low Duration Fund Direct Growth has given a CAGR return of 7.49% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.30%, 5.77% and 6.04% respectively.

Holdings

Bandhan Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Basic Materials, Financial Services, Government, Consumer Defensive, Cash Equivalent. Its top holdings are Bajaj Housing Finance Limited, Small Industries Development Bank Of India, 182 DTB 05122024, Union Bank of India, National Bank For Agriculture And Rural Development

Taxation

As it is a low duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Bandhan Low Duration Fund Direct Growth

The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
612 people have invested ₹ 15.8L in Bandhan Low Duration Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.33%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹5064 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
419.13%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
98.8%

AA
1.2%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
69.9%
Government
18%
Cash Equivalent
12.2%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
5.74%
18.9%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.56%
11.1%
182 DTB 05122024
182 DTB 05122024
4.45%
0%
Union Bank of India
Union Bank of India
4.35%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.2%
15.2%

Harshal Joshi
Harshal Joshi
Fund Manager of Bandhan Low Duration Fund Direct Growth, since 28 July 2021

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.67%.
Insights icon
Over the last 3 months, this fund has experienced a 4.2% drop in AUM moving from 5.28K Cr to 5.06K Cr.
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Over the last 1 month, this fund has increased expense ratio by 3.1% moving from 0.32 to 0.33.
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In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.89% return, outperforming this fund by 0.58%.
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In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.23% return, outperforming this fund by 1.19% per annum.
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In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.65% return, outperforming this fund by 1.88% per annum.

Bandhan Low Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.49% since inception which is more than its category average return of 4.99%
AUM size ₹5064 Cr

AUM size ₹5064 Cr

This fund has AUM of ₹5064 Cr which is more than its category average of ₹ 3863 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.63%

Frequently Asked Questions

The current NAV of Bandhan Low Duration Fund Direct Growth is ₹36.7 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Bandhan Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
3.78%
3.78%
1 Year Returns
7.3%
7.3%
3 Years Returns
18.34%
5.77%
5 Years Returns
34.07%
6.04%
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.
0.33% as on June 2024
₹5064 Cr as on June 2024
Bajaj Housing Finance Limited(5.74%), Small Industries Development Bank Of India(4.56%), 182 DTB 05122024(4.45%), Union Bank of India(4.35%), National Bank For Agriculture And Rural Development(4.2%) as on June 2024
Corporate(71.03%), Government(22.58%), Cash Equivalent(6.39%) as on June 2024
Yield to Maturity is 7.61 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.89 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
98.78
AA
1.22
Harshal Joshi is the fund manager of Bandhan Low Duration Fund Direct Growth
The Exit load of Bandhan Low Duration Fund Direct Growth is 0%