|
Fund Name
|
Ratings
|
Risk
|
1Y Returns
|
AUM
|
|
|---|---|---|---|---|---|
|
Bandhan Tax Advantage (ELSS) Growth Fund |
5 |
High |
25% |
₹1,00,900 cr. |
Invest |
|
Bandhan Banking & PSU Debt Growth Fund |
2.5 |
Low |
45% |
₹1,00,350 cr. |
Invest |
|
Bandhan Cash Growth Fund |
5 |
Medium |
55% |
₹1,01,250 cr. |
Invest |
|
Bandhan Sterling Value Growth Fund |
4 |
High |
65% |
₹1,10,120 cr. |
Invest |
|
Bandhan Core Equity Growth Fund |
3.5 |
High |
75% |
₹1,30,800 cr. |
Invest |
|
Bandhan Flexi Cap Growth Fund |
3.5 |
High |
57% |
₹1,20,800 cr. |
Invest |
|
Bandhan Ultra Short Term Growth Fund |
3 |
Low |
76% |
₹1,00,400 cr. |
Invest |
|
Bandhan Arbitrage Growth Fund |
3 |
Low |
77% |
₹1,10,800 cr. |
Invest |
|
Bandhan Low Duration Growth Fund |
3 |
Low |
77% |
₹1,10,800 cr. |
Invest |
|
Bandhan Hybrid Equity Growth Fund |
2.5 |
High |
77% |
₹1,10,800 cr. |
Invest |
About Bandhan Mutual Funds
Before being named Bandhan Mutual Funds, the mutual fund house was named IDFC Mutual Funds and its parent company was IDFC Ltd.
Established in 2000, IDFC Mutual Fund was one of the largest Mutual Fund houses in India. By AUM or Assets Under Management, it was in the list of the 5 largest players in the sector - with more than Rs. 1,21,032.15 Crore as AUM as of March 2022. The corporation had been growing to cover most of the domestic market with regional headquarters across the Central and Eastern parts of India, where the economic growth rate is higher and more investment is needed.
However, in April 2022, a consortium including Bandhan Financial Holding (60%), ChrysCapital (20%), and Singapore's sovereign fund GIC (20%) began the process of acquiring IDFC Asset Management Company, after which IDFC Mutual Fund was rebranded as Bandhan Mutual Fund (in March 2023).
The fund house has 68 primary mutual fund schemes of which, 44 are debt schemes, 13 are equity schemes, 6 are hybrid schemes, and 5 from other categories.The Bandhan AMC holds roughly 3.03% of the industry AUM as of 31st May 2020.
Bandhan Mutual Fund Asset Management Company Key Information
| AMC Founding Date (of IDFC Mutual Fund) | 13th March 2000 |
| AMC Incorporation Date (of IDFC Mutual Fund) | 20th December 1999 |
| Trustee Company | Bandhan Mutual Fund Trustee Ltd. |
| MD and CEO | Mr. Vishal Kapoor |
| Compliance Officer | Additi Bharadwaj |
Bandhan Mutual Fund Manager
HJ
Mr. Harshal Joshi
Mr. Harshal Joshi was Associate VP - Fund Management at IDFC Asset Management Company Limited. Mr. Joshi has 9 years of experience in Mutual Funds and has been associated with IDFC AMC since December 2008 with the company’s Fixed Income Investment team. Before that he worked at ICAP India Pvt. Ltd. (2006 to 2007). He has a PGDBM degree from N.L.Dalmia Institute of Management Studies and Research.
GK
Mr. Gautam Kaul
SC
Mr. Suyash Choudhary
MG
Mr. Manish Gunwani
BS
Mr. Brijesh Shah
How to Invest in Bandhan Mutual Fund?
Investing in the Bandhan Mutual Fund is a hassle-free process when done through your Angel One account. You just have to follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validating the OTP. Enter your MPIN thereafter in order to finish the login.
Note:In case you do not have an account with Angel One already, you can open a demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Assess which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to do at this stage are:
- Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
- Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests in. You can also calculate the potential returns using the calculator.
- Evaluate the fund’s level of risk and weigh it against your risk tolerance.
- Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
- Consider the fund’s expense ratio to get an idea about the cost of investing in it.
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
- Decide whether your want to invest in a lump sum or via monthly SIP.
- Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
- After placing the order, in case of the SIP route of investment, you can create a mandate to make hassle-free future instalments.
Top 5 Bandhan Mutual Funds to Invest in
| Name of the Bandhan Mutual Fund | Category of fund | Minimum SIP amount | AUM | 3 year return annualised | 5 year return annualised |
| Bandhan Sterling Value Fund Direct Plan Growth | Equity | Rs.100 | Rs. 5145.24 cr | 41.63% | 12.01% |
| Bandhan Infrastructure Fund Direct Plan Growth | Equity | Rs. 100 | Rs. 615.41 cr | 38.08% | 8.18% |
| Bandhan Tax Advantage (ELSS) Fund Direct Plan Growth | Equity | Rs. 500 | Rs. 4024 cr | 37.07% | 12.96% |
| Bandhan Core Equity Fund Direct Plan Growth | Equity | Rs. 100 | Rs. 2390 cr | 29.62% | 11.34% |
| Bandhan Nifty 50 Index Fund Direct Plan IDCW Reinvestment | Index Fund | Rs. 100 | Rs. 644.34 cr | 26.21% | 11.93% |
Disclaimer: The above-mentioned top funds are for informational purposes only and are not recommendations. The funds are based on 5-yr CAGR dated 20th March 2023, which is subject to change frequently. Check out real-time data in the Mutual Funds section on Angel One.
Bandhan Sterling Value Fund Direct Plan Growth
It is an equity fund that is fairly diversified both in terms of sector and companies, given its biggest asset is the ICICI Bank Ltd stock that comprises only around 4.8% and the top 5 stocks covering only around 17% of the total fund. Most of its holdings are in large cap stocks (around 43%).
Bandhan Infrastructure Fund Direct Plan Growth
L&T, Ultratech Cement and Transport Corporation of India are its top 3 stocks. Nearly 50% of its holdings are in large cap stocks.
Bandhan Tax Advantage (ELSS) Fund Direct Plan Growth
It is a fairly diversified fund with the top 5 stocks comprising around 25% of the total AUM. ICICI Bank has the highest share (at over 8%) with Infosys and SBI coming a distant second (4.9%) and third (4.5%) respectively.
Bandhan Nifty 50 Index Fund Direct Plan IDCW Reinvestment
Following the Nifty 50, its top two stocks (Reliance Industries and HDFC Bank) together hold nearly 20% of the fund. A lot of its top holdings are in private sector banks.
Bandhan Core Equity Fund Direct Plan Growth
Its top three stocks are ICICI Bank, HDFC Bank Ltd. and Infosys. It is a fairly diversified fund with the top 10 stocks constituting only about 36% of the portfolio.
FAQs
Generally, investors look at the returns of the mutual fund scheme. However, past returns are not indicative of future performance. Therefore, you should also evaluate funds based on other factors such as risk, volatility, the fund manager’s experience, and your own return expectations and risk tolerance in order to choose the best fund suited for your terms.
https://www.angelone.in/mutual-funds, the Angel One App or the AMC’s official website.
https://www.angelone.in/mutual-funds. Alternatively, you can get the statement by visiting the AMC’s official website.
Fund Category
Large Cap
Mid Cap
Small Cap
Tax Saver
Multi Cap
