Bandhan ELSS Tax saver Fund - Direct Plan - Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 155.67 as on 18-04-2024
Fund Performance
11000 people have invested ₹ 4.9Cr in Bandhan ELSS Tax saver Fund - Direct Plan - Growth in the last three months
Mutual Fund Insights
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.86% return, outperforming this fund by 22.79%.
Over the last 6 months, this fund has experienced a 21.2% growth in AUM moving from 5.16K Cr to 6.25K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.3% return, outperforming this fund by 12.56% per annum.
Over the last 1 year, this fund has decreased expense ratio by 29.3% moving from 0.75 to 0.53.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.91% return, outperforming this fund by 9.21% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.53% which is lower than the category average expense ratio of 1.3%.
INDmoney Rank of Bandhan ELSS Tax saver Fund - Direct Plan - Growth
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6
/23
64% Performance
37% Risk Management
100% Cost
6 out of 23 among elss (tax savings)
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
Poor track record of Recovering losses quickly
About the Bandhan ELSS Tax saver Fund - Direct Plan - Growth
Bandhan ELSS Tax saver Fund - Direct Plan - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Daylynn Pinto. The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan ELSS Tax saver Fund - Direct Plan - Growth has ₹6253 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Bandhan ELSS Tax saver Fund - Direct Plan - Growth Overview
 | 0.53% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹6253 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 13.23% |
Bandhan ELSS Tax saver Fund - Direct Plan - Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
67.9%
Mid cap
13.8%
Small cap
12.9%
Sector Allocation
Financial Services
27.8%
Consumer Cyclical
13.8%
Industrial
10.2%
Health
9.2%
Consumer Defensive
8.6%
Tech
8.6%
Basic Materials
8.2%
Energy
6.4%
Communication
3.3%
Utilities
3.1%
Real Estate
0.8%
Top Holdings of Bandhan ELSS Tax saver Fund - Direct Plan - Growth as on (31-Mar-24)
Equity Holdings64
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.94% | 0% | |
 HDFC Bank Ltd | 5.44% | 0% | |
 Reliance Industries Ltd | 5.23% | 0% | |
 Axis Bank Ltd | 3.68% | 0% | |
 Infosys Ltd | 3.35% | 0% |
See all
Bandhan ELSS Tax saver Fund - Direct Plan - Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.68% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.15% in Mar'24
AUM Change
- AUM of the fund stands at 6.1K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Bandhan ELSS Tax saver Fund - Direct Plan - Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Avenue Supermarts Ltd | 20.1% |
 CG Power & Industrial Solutions Ltd | 7.1% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Greenpanel Industries Ltd | -2.7% |
 Axis Bank Ltd | -0.6% |
Peer Analysis
Bandhan ELSS Tax saver Fund - Direct Plan - Growth Fund Manager
Daylynn Pinto
Fund Manager of Bandhan ELSS Tax saver Fund - Direct Plan - Growth, since 20 October 2016
Top funds managed
Bandhan ELSS Tax saver Fund - Direct Plan - 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 18.82% since inception which is more than its category average return of 15.54%
Fund Allocations
This fund has an allocation of 94.67% in Equity, 0% in Debt and 5.33% in Cash related instruments
AUM size ₹6253 Cr
This fund has AUM of ₹6253 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 0.53%
This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Bandhan ELSS Tax saver Fund - Direct Plan - Growth is ₹155.67 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Bandhan ELSS Tax saver Fund - Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.42% | 2.42% |
6 Month Returns | 15.75% | 15.75% |
1 Year Returns | 39.07% | 39.07% |
3 Years Returns | 89.25% | 23.69% |
5 Years Returns | 156.62% | 20.74% |
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.
0.53% as on March 2024
₹6253 Cr as on March 2024
ICICI Bank Ltd(5.94%), HDFC Bank Ltd(5.44%), Reliance Industries Ltd(5.23%), Axis Bank Ltd(3.68%), Infosys Ltd(3.35%) as on March 2024
Financial Services(26.29%), Consumer Cyclical(13.05%), Industrial(9.7%) as on March 2024
The alpha ratio for the Bandhan ELSS Tax saver Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan ELSS Tax saver Fund - Direct Plan - Growth | 5 | 5.24 | 2.16 |
As on March 2024
The alpha for Bandhan ELSS Tax saver Fund - Direct Plan - Growth is calculated against S&P BSE 200 India 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 ELSS Tax saver Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan ELSS Tax saver Fund - Direct Plan - Growth | 0.84 | 0.9 | 1.1 |
As on March 2024
The Beta for Bandhan ELSS Tax saver Fund - Direct Plan - Growth is calculated with S&P BSE 200 India 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 ELSS Tax saver Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan ELSS Tax saver Fund - Direct Plan - Growth | 2.97 | 1.34 | 0.76 |
As on March 2024
The sharpe ratio for Bandhan ELSS Tax saver Fund - Direct Plan - Growth is calculated with S&P BSE 200 India 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 ELSS Tax saver Fund - Direct Plan - Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan ELSS Tax saver Fund - Direct Plan - Growth | 9.57 | 12.83 | 21.54 |
As on March 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.
Sortino ratio is 2.42 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.9 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Daylynn Pinto is the fund manager of Bandhan ELSS Tax saver Fund - Direct Plan - Growth
The Exit load of Bandhan ELSS Tax saver Fund - Direct Plan - Growth is 0%