Bandhan Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 15.5 as on 15-05-2024
About the Fund
Bandhan Midcap Fund Direct Growth is an equity fund. This fund was started on 18 August, 2022. The fund is managed by Harshal Joshi, Sachin Relekar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Midcap Fund Direct Growth has ₹1181 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
343 people have invested ₹ 9.1L in Bandhan Midcap Fund Direct Growth in the last three months
Overview
 | 0.62% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹1181 Cr |
 | 18 August, 2022 |
 | ₹1000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 2.75% |
Bandhan Midcap Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Mid cap
65.2%
Large cap
15.9%
Small cap
14.2%
Sector Allocation
Industrial
27.6%
Consumer Cyclical
26.6%
Financial Services
10.7%
Tech
9.8%
Basic Materials
9.7%
Health
5.2%
Consumer Defensive
2.9%
Utilities
2.4%
Real Estate
2.2%
Communication
2.1%
Energy
0.9%
Top Holdings of Bandhan Midcap Fund Direct Growth as on (30-Apr-24)
Equity Holdings79
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Supreme Industries Ltd | 28.3% |
 Schaeffler India Ltd | 18.8% |
 Trent Ltd | 14.4% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 5.72% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
- This fund outperformed Nifty Midcap 150 by 1.25% in Apr'24
AUM Change
- AUM of the fund stands at 1.1K 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 Midcap Fund Direct Growth, since 18 August 2022
Top funds managed
Sachin Relekar
Fund Manager of Bandhan Midcap Fund Direct Growth, since 18 August 2022
Top funds managed
Bandhan Midcap 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 an average annual returns of 27.85% since inception which is more than its category average return of 19%
Fund Allocations
This fund has an allocation of 95.4% in Equity, 0% in Debt and 4.6% in Cash related instruments
AUM size ₹1181 Cr
This fund has AUM of ₹1181 Cr which is less than its category average of ₹ 7818 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Bandhan Midcap Fund Direct Growth is ₹15.5 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Bandhan Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.21% | 3.21% |
6 Month Returns | 22.65% | 22.65% |
1 Year Returns | 48.64% | 48.64% |
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.
0.62% as on April 2024
₹1181 Cr as on April 2024
Trent Ltd(4.04%), Cummins India Ltd(3.99%), CG Power & Industrial Solutions Ltd(2.8%), Indian Hotels Co Ltd(2.59%), Astral Ltd(2.38%) as on April 2024
Industrial(26.34%), Consumer Cyclical(25.33%), Financial Services(10.17%) as on April 2024
The alpha ratio for the Bandhan Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Midcap Fund Direct Growth | -1.01 | - | - |
As on April 2024
The alpha for Bandhan Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Midcap Fund Direct Growth | 0.81 | - | - |
As on April 2024
The Beta for Bandhan Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Midcap Fund Direct Growth | 2.88 | - | - |
As on April 2024
The sharpe ratio for Bandhan Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Midcap Fund Direct Growth | 12.61 | - | - |
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, Sachin Relekar are the fund managers of Bandhan Midcap Fund Direct Growth
The Exit load of Bandhan Midcap Fund Direct Growth is 1%