BANDHAN FINANCIAL SERVICES FUND
Bandhan Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 1 Oct 2026
14.9260
1-day change
-0.49%
1Y return
-1.4%
3Y CAGR
13.5%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 31 Jul 2023 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Banking & financial services” median (28)
| Period | Scheme | Category median | Banking & financial services median |
|---|---|---|---|
| 1 month | -5.6% | -5.4% | -6.1% |
| 3 months | -5.3% | -2.8% | -6.4% |
| 6 months | 9.3% | 8.9% | 6.7% |
| Year to date | -6.7% | -2.0% | -5.9% |
| 1 year | -1.4% | 1.4% | 0.2% |
| 3 years (CAGR) | 13.5% | 13.0% | 11.0% |
| 5 years (CAGR) | n/a | 12.0% | 11.3% |
| 7 years (CAGR) | n/a | 17.0% | 12.3% |
| 10 years (CAGR) | n/a | 14.6% | 11.9% |
| Since first NAV (CAGR) | 13.4% | – | – |
“Banking & financial services” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 13.1% | 11.8% |
| 3Y rolling median | 16.5% | 17.5% |
| 3Y rolling worst | 13.5% | 3.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 84% |
| 5Y rolling median | n/a | 15.6% |
| 5Y rolling worst | n/a | 1.8% |
| 5Y periods ahead of benchmark | n/a | 91% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.7% | 16.7% |
| Sharpe ratio | 0.42 | 0.42 |
| Sortino ratio | 0.63 | 0.63 |
| Beta | 0.98 | 0.96 |
| Alpha (ann.) | 3.7% | 3.7% |
| Upside capture | 111.23 | 106.94 |
| Downside capture | 95.15 | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −17.3% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | n/a | −22.3% |
| Current drawdown | −7.9% | −8.3% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
54,450.75 −0.33%
NSE close, 1 Oct 2026
- P/E 12.9: higher than 3% of days since 2023 (median 14.9)
- 1Y −1.2% · 3Y +7.5% p.a. · 5Y +8.5% p.a. (index fund NAV, after costs)
- −11.5% from its 52-week high
24,556.10 −0.38%
NSE close, 1 Oct 2026
- P/E 15.1: higher than 0% of days since 2023 (median 17.1)
- 1Y −6.9% · 3Y n/a p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −13.7% from its 52-week high (proxy NAV)
26,697.25 +0.01%
NSE close, 1 Oct 2026
- P/E 16.5: higher than 38% of days since 2023 (median 17.0)
- 1Y −1.1% · 3Y n/a p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −8.5% from its 52-week high (proxy NAV)
7,937.80 −0.98%
NSE close, 1 Oct 2026
- P/E 7.2: higher than 19% of days since 2023 (median 8.0)
- 1Y +6.1% · 3Y +14.9% p.a. · 5Y +26.6% p.a. (index fund NAV, after costs)
- −19.7% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.50% a year and the Direct plan's 1.00%, a gap of 1.50%; over the last 3 years the Direct plan returned 1.81 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹33,29,582.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 30 Sep 2026: TER reduced from 1.01% to 1.00% (AMFI TER disclosure)
- 29 Sep 2026: TER increased from 1.00% to 1.01% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 0.99% to 1.00% (AMFI TER disclosure)
- 16 Sep 2026: TER reduced from 1.00% to 0.99% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 0.99% to 1.00% (AMFI TER disclosure)
- 7 Sep 2026: TER increased from 0.98% to 0.99% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Ritu Modi | 2 Dec 2024 | |
| Harshvardhan Agrawal | 7 Jun 2024 | |
| amp | 7 Jun 2024 | |
| Harshal Joshi | 28 Jul 2023 |
Objective: The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services sector.
Stated asset allocation: Securities belonging to the Equity and equity related instruments of companies engaged in financial services sector - 80%-100%, Equities & Equity related securities other than above and overseas securities* - 0% - 20% Debt Securities and Money Market Instruments (including Government securities, Securitised debt) - 0%- 20% Units issued by InvITs - 0% - 10%
Benchmark (tier 1): Nifty Financial Services TRI Index
Exit load: Nil (If redeemed/switched out within 1 year from the date of allotment - 1% of applicable NAV)
Minimum application: Rs.1000
Allotment date: 28 Jul 2023
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.00% | 1.15% |
| AUM, whole scheme (₹ crore) | 1,043 | 1,272 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 0.3% | -4.4% TRI |
| Return, 3 years (AMFI) | 13.7% | 8.6% TRI |
Official benchmark: Nifty Financial Services TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -6.7% | -7.8% | +1.0% |
| 2025 | 13.5% | 7.7% | +5.8% |
| 2024 | 20.6% | 15.6% | +4.9% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,16,566 | -5.3% |
| 3 years | ₹3,60,000 | ₹3,90,190 | 5.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Bandhan Mutual Fund
Category: Sectoral/Thematic
Plan / option: Direct · Growth
AMFI scheme code: 151816
ISIN: INF194KB1GB2
First NAV in MFIC data: 31 Jul 2023
History: 3.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Banking & Financial Services Fund | Sectoral/Thematic | 0.98 | n/a |
| Helios Financial Services Fund | Sectoral/Thematic | 0.98 | n/a |
| UTI - Banking and Financial Services Fund | Sectoral/Thematic | 0.96 | 11.6% |
| Invesco India Financial Services Fund | Sectoral/Thematic | 0.96 | 15.6% |
| Aditya Birla Sun Life Banking and Financial Services Fund | Sectoral/Thematic | 0.96 | 8.3% |
| HDFC Banking & Financial Services Fund | Sectoral/Thematic | 0.96 | 11.0% |
Questions about BANDHAN FINANCIAL SERVICES FUND
- What is the latest NAV of BANDHAN FINANCIAL SERVICES FUND?
- The NAV of the Direct plan (growth option) was ₹14.9260 on 1 Oct 2026, as published by AMFI.
- Which category is BANDHAN FINANCIAL SERVICES FUND in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 253 Sectoral/Thematic schemes (Direct plans).
- What returns has BANDHAN FINANCIAL SERVICES FUND delivered?
- Over one year the NAV changed by -1.4%. The 3-year CAGR is 13.5% (category median 13.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 16.5%, the lowest was 13.5%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in BANDHAN FINANCIAL SERVICES FUND's NAV?
- The largest peak-to-trough fall in its available history was 17.3%.
- How volatile is BANDHAN FINANCIAL SERVICES FUND?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.7%, which is below the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in BANDHAN FINANCIAL SERVICES FUND have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,90,190 on 1 Oct 2026, an annualised return (XIRR) of 5.3%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of BANDHAN FINANCIAL SERVICES FUND?
- The total expense ratio of the Direct plan is 1.00% a year, as disclosed to AMFI (median of Sectoral/Thematic Direct plans: 1.15%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is BANDHAN FINANCIAL SERVICES FUND?
- Assets under management of the whole scheme were ₹1,043 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of BANDHAN FINANCIAL SERVICES FUND?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of BANDHAN FINANCIAL SERVICES FUND and how has it compared?
- Its official benchmark is the Nifty Financial Services TRI. Over 3 years AMFI reports a return of 13.7% for this plan against 8.6% for the benchmark total return index. Past performance does not indicate future results.
- Who manages BANDHAN FINANCIAL SERVICES FUND?
- According to its Scheme Summary Document, BANDHAN FINANCIAL SERVICES FUND is managed by Ritu Modi (since 2 Dec 2024), Harshvardhan Agrawal (since 7 Jun 2024), amp (since 7 Jun 2024), Harshal Joshi (since 28 Jul 2023).
- What is the exit load of BANDHAN FINANCIAL SERVICES FUND?
- As stated in its scheme documents: Nil (If redeemed/switched out within 1 year from the date of allotment - 1% of applicable NAV) Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in BANDHAN FINANCIAL SERVICES FUND?
- The minimum application amount is Rs.1000. SIP details: SIP Details: Rs.100 , STP Details: Rs. 500/- and any amount thereafter (for Fixed amount option) / Rs. 500/- and any amount thereafter (for capital appreciation option) , SWP Details: Rs. 200/- and any amount thereafter.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -1.4% and the Regular plan's by -2.9%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
Follow BANDHAN FINANCIAL SERVICES FUND by email
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.
Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.