Direct
NAV (05-Sep-24)
₹12.550.48%1D
Returns (Since Inception)
25.50%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,005 Cr
Expense Ratio
0.54%
ISIN
INF194KB1IE2
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
30 Apr 2024
About this fund
This fund has been in existence for 4 months and 8 days, having been launched on 30-Apr-24.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹12.55, Assets Under Management (AUM) of 1004.77 Crores, and an expense ratio of 0.54%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹12.55, Assets Under Management (AUM) of 1004.77 Crores, and an expense ratio of 0.54%.
- Bandhan Innovation Fund Direct Growth has given a CAGR return of 25.50% since inception.
- The fund's asset allocation comprises around 96.72% in equities, 0.00% in debts, and 3.28% in cash & cash equivalents.
- You can start investing in Bandhan Innovation Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
Since Inception
+25.50%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹971.81 Cr | 96.72% |
| Others | ₹32.96 Cr | 3.28% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triparty Repo Trp_010824 | Cash - Repurchase Agreement | ₹79.33 Cr | 7.90% |
| AstraZeneca Pharma India Ltd | Equity | ₹38.39 Cr | 3.82% |
| Cash Offset For Derivatives | Cash - General Offset | ₹-32.44 Cr | 3.23% |
| Zomato Ltd | Equity | ₹31.8 Cr | 3.17% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹27.57 Cr | 2.74% |
| Net Receivables/Payables | Cash - Collateral | ₹-24.13 Cr | 2.40% |
| InterGlobe Aviation Ltd | Equity | ₹23.9 Cr | 2.38% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50) | Equity | ₹23.35 Cr | 2.32% |
| Aster DM Healthcare Ltd Ordinary Shares | Equity | ₹22.81 Cr | 2.27% |
| Varun Beverages Ltd | Equity | ₹22.07 Cr | 2.20% |
| Info Edge (India) Ltd | Equity | ₹21.78 Cr | 2.17% |
| Future on Syngene International Ltd | Equity - Future | ₹21.64 Cr | 2.15% |
| Praj Industries Ltd | Equity | ₹20.07 Cr | 2.00% |
| Bajaj Finserv Ltd | Equity | ₹19.2 Cr | 1.91% |
| Protean eGov Technologies Ltd | Equity | ₹19.01 Cr | 1.89% |
| Alkem Laboratories Ltd | Equity | ₹18.33 Cr | 1.82% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹17.98 Cr | 1.79% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹16.74 Cr | 1.67% |
| Persistent Systems Ltd | Equity | ₹16.4 Cr | 1.63% |
| Reliance Industries Ltd | Equity | ₹16.37 Cr | 1.63% |
| Stove Kraft Ltd Ordinary Shares | Equity | ₹15.57 Cr | 1.55% |
| Bharat Electronics Ltd | Equity | ₹15.38 Cr | 1.53% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹15.38 Cr | 1.53% |
| Affle India Ltd | Equity | ₹14.55 Cr | 1.45% |
| CG Power & Industrial Solutions Ltd | Equity | ₹14.49 Cr | 1.44% |
| Sumitomo Chemical India Ltd Ordinary Shares | Equity | ₹14.48 Cr | 1.44% |
| Siemens Ltd | Equity | ₹14.27 Cr | 1.42% |
| Tata Motors Ltd | Equity | ₹13.88 Cr | 1.38% |
| 3M India Ltd | Equity | ₹13.82 Cr | 1.38% |
| Sapphire Foods India Ltd | Equity | ₹13.81 Cr | 1.37% |
| Godawari Power & Ispat Ltd | Equity | ₹13.62 Cr | 1.36% |
| Yatharth Hospital and Trauma Care Services Ltd | Equity | ₹13.59 Cr | 1.35% |
| One97 Communications Ltd | Equity | ₹13.57 Cr | 1.35% |
| Sona BLW Precision Forgings Ltd | Equity | ₹13.47 Cr | 1.34% |
| Jubilant Ingrevia Ltd Ordinary Shares | Equity | ₹13.29 Cr | 1.32% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹13.05 Cr | 1.30% |
| Electronics Mart India Ltd | Equity | ₹12.56 Cr | 1.25% |
| Deepak Nitrite Ltd | Equity | ₹12.31 Cr | 1.23% |
| Saregama India Ltd | Equity | ₹12.29 Cr | 1.22% |
| Max Financial Services Ltd | Equity | ₹12.09 Cr | 1.20% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹12.08 Cr | 1.20% |
| L&T Technology Services Ltd | Equity | ₹12 Cr | 1.19% |
| Rashi Peripherals Ltd | Equity | ₹11.83 Cr | 1.18% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹11.7 Cr | 1.16% |
| Archean Chemical Industries Ltd | Equity | ₹11.54 Cr | 1.15% |
| REC Ltd | Equity | ₹11.44 Cr | 1.14% |
| KFin Technologies Ltd | Equity | ₹11.42 Cr | 1.14% |
| Shilpa Medicare Ltd | Equity | ₹11.17 Cr | 1.11% |
| Vedant Fashions Ltd | Equity | ₹11.09 Cr | 1.10% |
| Polycab India Ltd | Equity | ₹11.08 Cr | 1.10% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹11.07 Cr | 1.10% |
| Future on SBI Cards and Payment Services Ltd Ordinary Shares | Equity - Future | ₹10.81 Cr | 1.08% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹10.21 Cr | 1.02% |
| NTPC Ltd | Equity | ₹10.04 Cr | 1.00% |
| AU Small Finance Bank Ltd | Equity | ₹9.82 Cr | 0.98% |
| KPIT Technologies Ltd | Equity | ₹9.74 Cr | 0.97% |
| Power Mech Projects Ltd | Equity | ₹9.61 Cr | 0.96% |
| Piramal Pharma Ltd | Equity | ₹9.59 Cr | 0.95% |
| Titan Co Ltd | Equity | ₹9.44 Cr | 0.94% |
| Bharat Heavy Electricals Ltd | Equity | ₹8.94 Cr | 0.89% |
| Neuland Laboratories Limited | Equity | ₹8.76 Cr | 0.87% |
| Centum Electronics Ltd | Equity | ₹8.52 Cr | 0.85% |
| Vedanta Ltd | Equity | ₹8.15 Cr | 0.81% |
| Honeywell Automation India Ltd | Equity | ₹8.13 Cr | 0.81% |
| Cash Margin - Derivatives | Cash - Collateral | ₹8 Cr | 0.80% |
| Bharat Forge Ltd | Equity | ₹7.87 Cr | 0.78% |
| JM Financial Ltd | Equity | ₹7.7 Cr | 0.77% |
| Restaurant Brands Asia Ltd Ordinary Shares | Equity | ₹7.56 Cr | 0.75% |
| Devyani International Ltd | Equity | ₹7.17 Cr | 0.71% |
| ZF Commercial Vehicle Control Systems India Ltd | Equity | ₹7.12 Cr | 0.71% |
| Mankind Pharma Ltd | Equity | ₹6.7 Cr | 0.67% |
| Signatureglobal (India) Ltd | Equity | ₹6.41 Cr | 0.64% |
| Sobha Ltd | Equity | ₹4.72 Cr | 0.47% |
| Oil & Natural Gas Corp Ltd | Equity | ₹4.65 Cr | 0.46% |
| Century Textiles & Industries Ltd | Equity | ₹3.06 Cr | 0.30% |
| Aether Industries Ltd | Equity | ₹2.49 Cr | 0.25% |
| Tata Technologies Ltd | Equity | ₹2.22 Cr | 0.22% |
| Tega Industries Ltd | Equity | ₹2.17 Cr | 0.22% |
| Cash / Bank Balance | Cash - Collateral | ₹1.74 Cr | 0.17% |
| Angel One Ltd Ordinary Shares | Equity | ₹0.92 Cr | 0.09% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.46 Cr | 0.05% |
Allocation By Market Cap (Equity)
Large Cap Stocks
31.94%
Mid Cap Stocks
26.78%
Small Cap Stocks
35.95%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹151.36 Cr | 15.06% |
| Healthcare | ₹147.03 Cr | 14.63% |
| Industrials | ₹141.87 Cr | 14.12% |
| Financial Services | ₹121.02 Cr | 12.04% |
| Technology | ₹114.91 Cr | 11.44% |
| Basic Materials | ₹102.29 Cr | 10.18% |
| Communication Services | ₹87.88 Cr | 8.75% |
| Consumer Defensive | ₹22.07 Cr | 2.20% |
| Energy | ₹21.02 Cr | 2.09% |
| Real Estate | ₹11.12 Cr | 1.11% |
| Utilities | ₹10.04 Cr | 1.00% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Manish Gunwani
Since April 2024
BS
Brijesh Shah
Since April 2024
PP
Prateek Poddar
Since June 2024
RB
Ritika Behera
Since April 2024
GS
Gaurav Satra
Since June 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF194KB1IE2 | Expense Ratio | 0.54% | Exit Load | No Charges | Fund Size | ₹1,005 Cr | Age | 30 Apr 2024 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TRI |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹228.86 Cr | 35.0% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹228.86 Cr | 34.5% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹593.72 Cr | 56.2% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹593.72 Cr | 53.7% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹3254.35 Cr | 58.1% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3254.35 Cr | 56.2% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹268.02 Cr | 63.2% |
| DSP Nifty Midcap 150 Quality 50 ETF Low Risk | 0.3% | - | ₹101.33 Cr | 34.2% |
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Bandhan Innovation Fund Direct Growth?
The NAV of Bandhan Innovation Fund Direct Growth, as of 05-Sep-2024, is ₹12.55.
What is the portfolio composition of Bandhan Innovation Fund Direct Growth?
The fund's allocation of assets is distributed as 96.72% in equities, 0.00% in bonds, and 3.28% in cash and cash equivalents.
Who manages the Bandhan Innovation Fund Direct Growth?
The fund managers responsible for Bandhan Innovation Fund Direct Growth are:-
- Manish Gunwani
- Brijesh Shah
- Prateek Poddar
- Ritika Behera
- Gaurav Satra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.