Bandhan Focused Fund
Bandhan Mutual Fund · Focused · Regular plan, growth option
NAV (₹), 1 Oct 2026
87.8430
1-day change
-0.96%
1Y return
1.3%
3Y CAGR
13.6%
5Y CAGR
10.7%
Max drawdown, 5Y
−20.7%
NAV history month-end NAV, ₹ · 2 Jun 2008 to 1 Oct 2026
Returns vs Focused median (28 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -0.7% | -5.8% |
| 3 months | -0.5% | -3.7% |
| 6 months | 11.0% | 9.5% |
| Year to date | 0.0% | -4.9% |
| 1 year | 1.3% | -1.1% |
| 3 years (CAGR) | 13.6% | 9.4% |
| 5 years (CAGR) | 10.7% | 9.5% |
| 7 years (CAGR) | 13.9% | 13.9% |
| 10 years (CAGR) | 12.2% | 11.8% |
| Since first NAV (CAGR) | 10.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 10.4% | 10.6% |
| 3Y rolling median | 12.8% | 14.6% |
| 3Y rolling worst | -4.7% | 4.2% |
| 3Y periods positive | 95% | 100% |
| 3Y periods ahead of benchmark | 51% | 49% |
| 5Y rolling median | 11.3% | 14.8% |
| 5Y rolling worst | -1.9% | 2.6% |
| 5Y periods ahead of benchmark | 21% | 42% |
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.) | 16.5% | 15.4% |
| Sharpe ratio | 0.48 | 0.28 |
| Sortino ratio | 0.77 | 0.40 |
| Beta | 0.94 | 0.94 |
| Alpha (ann.) | 4.8% | 1.0% |
| Upside capture | 109.10 | 99.87 |
| Downside capture | 88.57 | 95.37 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −39.2% | −34.9% |
| Maximum drawdown, last 10Y | −39.2% | −37.5% |
| Maximum drawdown, last 5Y | −20.7% | −20.4% |
| Current drawdown | −5.1% | −8.3% |
| Recovery time of worst fall | 240 days | – |
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 market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 8% of days since 2021 (median 24.0)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% 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 2.24% a year and the Direct plan's 0.98%, a gap of 1.26%; over the last 3 years the Direct plan returned 1.48 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 ₹28,46,526.
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
- 28 Sep 2026: TER increased from 2.22% to 2.24% (AMFI TER disclosure)
- 21 Sep 2026: TER reduced from 2.24% to 2.22% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 2.22% to 2.24% (AMFI TER disclosure)
- 8 Sep 2026: TER reduced from 2.24% to 2.22% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Manish Gunwani | 2 Dec 2024 | |
| Kirthi Jain | 2 Dec 2024 | |
| Rahul Agarwal | 2 Dec 2024 |
Objective: The investment objective of the Scheme is seek to generate capital appreciation by investing in a concentrated portfolio of equity and equity related instruments up to 30 companies. There is no assurance or guarantee that the objectives of the scheme will be realized.
Stated asset allocation: Equities & Equity related instruments - 65%-100%, Debt & Money Market instruments - 0%-35%, Securitised debt instruments - 0%-35%
Benchmark (tier 1): BSE 500 TRI
Exit load: Entry Load: Nil. Exit Load (w.e.f 08-May-2020) If redeemed / Switched Out within 365 days from the date of allotment - Up to 10% of Investment Nil & For remaining Investment: 1.00%. If redeemed / switched out after 365 days from the date of allotment: Nil
Minimum application: Rs.1000
Allotment date: 16 Mar 2006
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), Regular plan | 2.24% | 2.21% |
| AUM, whole scheme (₹ crore) | 2,096 | 2,407 |
| 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) | 3.1% | -2.3% TRI |
| Return, 3 years (AMFI) | 14.0% | 9.2% TRI |
| Return, 5 years (AMFI) | 10.8% | 8.9% TRI |
| Month-ends above category median (3Y CAGR) | 39% | 48% median |
| Month-ends in category top quartile (3Y) | 21% | 13% median |
| 7Y rolling CAGR, median (monthly windows) | 11.0% | 12.5% median |
Official benchmark: BSE 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Focused Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 0.0% | -7.8% | +7.8% |
| 2025 | -1.6% | 7.7% | −9.3% |
| 2024 | 30.3% | 15.6% | +14.7% |
| 2023 | 31.3% | 26.5% | +4.8% |
| 2022 | -5.0% | 3.8% | −8.8% |
| 2021 | 24.6% | 30.6% | −6.0% |
| 2020 | 14.9% | 17.2% | −2.3% |
| 2019 | 8.9% | n/a | – |
| 2018 | -12.7% | n/a | – |
| 2017 | 54.4% | n/a | – |
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 | ₹1,21,493 | 2.3% |
| 3 years | ₹3,60,000 | ₹3,95,524 | 6.2% |
| 5 years | ₹6,00,000 | ₹7,90,190 | 11.0% |
| 10 years | ₹12,00,000 | ₹22,32,319 | 11.9% |
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: Focused
Plan / option: Regular · Growth
AMFI scheme code: 108592
ISIN: INF194K01466
First NAV in MFIC data: 2 Jun 2008
History: 18.3 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 |
|---|---|---|---|
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.94 | n/a |
| Bank of India Business Cycle Fund | Sectoral/Thematic | 0.94 | n/a |
| Franklin India Multi Cap Fund | Multi Cap | 0.93 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.93 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.93 | n/a |
| BANDHAN LARGE CAP FUND | Large Cap | 0.93 | 10.2% |
Questions about Bandhan Focused Fund
- What is the latest NAV of Bandhan Focused Fund?
- The NAV of the Regular plan (growth option) was ₹87.8430 on 1 Oct 2026, as published by AMFI.
- Which category is Bandhan Focused Fund in?
- It is classified as Focused in AMFI's daily NAV file; a Focused scheme holds at most 30 stocks. MFIC compares it with 28 Focused schemes (Regular plans).
- What returns has Bandhan Focused Fund delivered?
- Over one year the NAV changed by 1.3%. The 3-year CAGR is 13.6% (category median 9.4%) and the 5-year CAGR is 10.7% (category median 9.5%). 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 12.8%, the lowest was -4.7%, and 95% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 51% of those periods.
- What was the largest fall in Bandhan Focused Fund's NAV?
- The largest peak-to-trough fall in its available history was 39.2%; within the last five years it was 20.7% (category median 20.4%).
- How volatile is Bandhan Focused Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.5%, which is above the Focused category median of 15.4%.
- What would a monthly SIP in Bandhan Focused Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,90,190 on 1 Oct 2026, an annualised return (XIRR) of 11.0%. This uses the Regular 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 Focused Fund?
- The total expense ratio of the Regular plan is 2.24% a year, as disclosed to AMFI (median of Focused Regular plans: 2.21%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Bandhan Focused Fund?
- Assets under management of the whole scheme were ₹2,096 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Bandhan Focused 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 Focused Fund and how has it compared?
- Its official benchmark is the BSE 500 TRI. Over 3 years AMFI reports a return of 14.0% for this plan against 9.2% for the benchmark total return index; over 5 years 10.8% against 8.9%. Past performance does not indicate future results.
- How often has Bandhan Focused Fund beaten its category?
- At 39% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Focused schemes (Regular plans); it was in the top quarter at 21% of them. A typical scheme would show about 50%.
- Who manages Bandhan Focused Fund?
- According to its Scheme Summary Document, Bandhan Focused Fund is managed by Manish Gunwani (since 2 Dec 2024), Kirthi Jain (since 2 Dec 2024), Rahul Agarwal (since 2 Dec 2024).
- What is the exit load of Bandhan Focused Fund?
- As stated in its scheme documents: Entry Load: Nil. Exit Load (w.e.f 08-May-2020) If redeemed / Switched Out within 365 days from the date of allotment - Up to 10% of Investment Nil & For remaining Investment: 1.00%. If redeemed / switched out after 365 days from the date of allotment: Nil Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Bandhan Focused Fund?
- The minimum application amount is Rs.1000. SIP details: SIP - Rs.100 SWP - Rs.200 STP - Rs.500/- and any amount thereafter (for Fixed amount / Fixed Percentage option).
- 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 2.6% and the Regular plan's by 1.3%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular 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.