EquityLarge & Mid Cap FundRegularIDCWVery High

Bandhan Large & Mid Cap Fund

Q: What is the NAV of Bandhan Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of Bandhan Large & Mid Cap Fund is ₹26.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Large & Mid Cap Fund delivered?

Bandhan Large & Mid Cap Fund has returned -9.18% over 1 year, +6.32% per year over 3 years, +6.52% per year over 5 years and +3.74% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund charges an expense ratio of 2.27% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund's largest holdings are HDFC Bank Limited (3.8%), One 97 Communications Limited (3.4%), ICICI Bank Limited (3.2%), Kotak Mahindra Bank Limited (2.5%) and Axis Bank Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.5% and its worst peak-to-trough fall in our sample was -51.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.01 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Large & Mid Cap Fund's -0.01 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund is benchmarked against the NIFTY LargeMidcap 250 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund is managed by Manish Gunwani and Rahul Agarwal at Bandhan.

Q: How is Bandhan Large & Mid Cap Fund taxed?

Bandhan Large & Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Bandhan Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹26.77

+0.48% 1D

as of 05 Oct 2026

This is the Regular plan of Bandhan Large & Mid Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+15.33% 3Y CAGR)

Performance

-9.67%absolute

52-week rangePrev NAV ₹26.64

Latest ₹26.77

Low ₹24.2738th percentile of its 52-week rangeHigh ₹30.86

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Large & Mid Cap Fund peers to rank yet

Risk—

Volatility 16.5% (no category average yet)

Cost—

2.3% expense (no category average yet)

ConsistencyModerate

78% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.27%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

19.34

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.01

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

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

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

NIFTY LargeMidcap 250 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jun 2008

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.45%

Absolute return over the last 3 months (not annualized)

-3.40%

Absolute return over the last 6 months (not annualized)

+7.89%

Absolute return since 1 Jan of this year (not annualized)

-12.28%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-9.18%

3-year annualized return (CAGR)

+6.32%

5-year annualized return (CAGR)

+6.52%

10-year annualized return (CAGR)

+6.22%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+3.74%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.53%

Excess return per unit of total volatility (rf = 6.5%)

-0.01

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.01

Largest peak-to-trough decline over full history

-51.70%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

-6.09%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

0.91

How much of the fund's movement Nifty Midcap 150 TRI explains

79.8%

Excess return per unit of beta (market risk)

-0.22

Active return over the benchmark per unit of tracking error

-0.88

Annualized std dev of fund-minus-benchmark returns

8.67%

Fund's share of benchmark gains in up months (100 = matches index)

80.6%

Fund's share of benchmark losses in down months (lower is better)

104.2%

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large & Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.45%	—	—
3M abs	-3.40%	—	—
6M abs	+7.89%	—	—
1Y CAGR	-9.18%	—	—
3Y CAGR	+6.32%	—	—
5Y CAGR	+6.52%	—	—

Category average across peers in Large & Mid Cap Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.70L

Absolute

+11.65%

XIRR

+4.50%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan Large & Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Midcap 150 TRI	Diff
2026part	-12.28%	-0.79%	-11.49%
2025	+0.02%	+6.24%	-6.22%
2024	+19.73%	+24.74%	-5.01%
2023	+28.84%	+45.27%	-16.43%
2022	+1.80%	+4.09%	-2.29%
2021	+27.41%	+48.31%	-20.90%
2020	+1.73%	+26.10%	-24.37%
2019	-2.35%	—	—
2018	-10.89%	—	—
2017	+26.50%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,521

Expense ratio

2.27%

AUM

₹20,292Cr

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

19.3

P/B ratio

3.8

Avg market cap

₹2,32,062Cr

P/E & P/B are portfolio-weighted harmonic means across 107 of 128 equity holdings (83% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Large & Mid Cap Fund

Compare all


Bandhan Large & Mid Cap FundThis fund Bandhan · Regular · IDCW	—	-9.18%	+6.32%	+6.52%	—	2.27%	₹20,292Cr
Quant Large & Mid Cap Fund quant · Regular · IDCW	—	+6.67%	+13.21%	+13.00%	—	2.42%	₹3,477Cr
UTI Large & Mid Cap Fund UTI · Regular · IDCW	—	-1.29%	+12.68%	+11.84%	—	1.95%	₹6,413Cr
Invesco India Large & Mid Cap Fund Invesco · Regular · IDCW	—	-5.51%	+12.19%	+9.96%	—	1.86%	₹12,010Cr
Motilal Oswal Large and Midcap Fund Motilal Oswal · Regular · IDCW	—	-2.70%	+11.61%	+9.02%	—	1.79%	₹19,326Cr
Edelweiss Large & Mid Cap Fund Edelweiss · Regular · IDCW	—	-0.35%	+11.46%	+8.92%	—	2.03%	₹4,806Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap42.5%
Mid cap37.4%
Small cap20.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity95.39%
Cash & Equivalents4.40%
Debt0.23%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

HDFC Bank Limited

3.78%

One 97 Communications Limited

3.36%

ICICI Bank Limited

3.18%

Kotak Mahindra Bank Limited

2.55%

Axis Bank Limited

2.43%

ICICI Lombard General Insurance Company Limited

2.02%

Multi Commodity Exchange of India Limited

1.88%

Jindal Steel Limited

1.85%

Infosys Limited

1.84%

State Bank of India

1.82%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Zerodha Life Cycle Fund 2036 Zerodha · Life Cycle Fund with Maturity of 10 Years	43.7% of 67% equity	—	1.02%	—
Zerodha Life Cycle Fund 2041 Zerodha · Life Cycle Fund with Maturity of 15 Years	43.5% of 79% equity	—	1.14%	—
ICICI Prudential Nifty LargeMidcap 250 Index Fund ICICI Prudential · Index Funds	43.4%	★★☆☆☆	0.33%	—
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Zerodha · Index Funds	43.4%	★★★☆☆	0.36%	—
HDFC Nifty LargeMidcap 250 Index Fund HDFC · Index Funds	43.4%	★★★☆☆	0.25%	—
Mirae Asset Nifty LargeMidcap 250 Index Fund Mirae Asset · Index Funds	43.4%	★★☆☆☆	0.43%	—
Edelweiss NIFTY Large Midcap 250 Index Fund Edelweiss · Index Funds	43.4%	★★★★☆	0.37%	+10.56%
Zerodha Nifty LargeMidcap 250 Index Fund Zerodha · Index Funds	43.4%	★★★☆☆	0.38%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 1.42% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.86%
GMM Pfaudler LimitedShort-term · Stage I0.53%
Whirlpool of India LimitedShort-term · Stage I0.03%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-51.7%23 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 27 May 2021 — 14 months under water after the low.
-45.7%02 Jun 2008 → 09 Mar 2009
Fell over 9 months, back to the old high on 22 Sep 2009 — 6 months under water after the low.
-44.8%04 Nov 2010 → 21 Aug 2013
Fell over 2.8 years, back to the old high on 26 Dec 2017 — 4.3 years under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹20,292Cr

July - September 2026

+43%

since January - March 2026

At or near its largest, ₹20,292Cr in July - September 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

AMC Profile

Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.

Launched

19 Dec 1999

Total AUM

₹2,17,749Cr+6.7% QoQ

Avg AUM · July - September 2026

Website

bandhanmutual.com

Fund Managers

MGManish GunwaniManaging since 28 Jan 2024

Role

Chief Investment Officer- Equity

Education

Post Graduate Diploma in Management IIM, Bangalore B-Tech - IIT, Madras

Experience

Mr. Manish Gunwani joined Bandhan AMC in January 2023 as Head - Equities. - He was earlier associated with Nippon Life India Asset Management Limited as Chief Investment (Equities) from September 2017 to December 2022 and had the overall responsibility of all equity schemes of Nippon Mutual Fund. Prior Innovation Fund - to that, he was associated with ICICI Prudential Asset Management Company Limited from June 2010 to August 2017 as Deputy Chief Investment Officer (Equities) and was the Fund Manager of two flagship equity schemes of ICICI Prudential Mutual Fund. (Total experience – 24 years).

Funds managed (7)

All schemes Manish Gunwani runs →

RARahul AgarwalManaging since 28 Aug 2024

Role

Vice President- Equity

Education

PGDM – TAPMI B.COM (Hons) – Calcutta University

Experience

Agarwal joined the Equity - Management team of Bandhan 2023 and L&T Investment 2022 as Equity Research – August 2021 as lead for research on Oil & Gas, to tap in prospective in hedge funds and global funds to sell research

All schemes Rahul Agarwal runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Manish Gunwani

Top holdings

HDFC Bank Limited One 97 Communications Limited ICICI Bank Limited Kotak Mahindra Bank Limited Axis Bank Limited ICICI Lombard General Insurance Company Limited Multi Commodity Exchange of India Limited Jindal Steel Limited Infosys Limited State Bank of India General Insurance Corporation of India LIC Housing Finance Limited

Bandhan in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Large & Mid Cap funds

Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.

Frequently asked questions

What is the NAV of Bandhan Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of Bandhan Large & Mid Cap Fund is ₹26.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Large & Mid Cap Fund delivered?

Bandhan Large & Mid Cap Fund has returned -9.18% over 1 year, +6.32% per year over 3 years, +6.52% per year over 5 years and +3.74% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund charges an expense ratio of 2.27% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund's largest holdings are HDFC Bank Limited (3.8%), One 97 Communications Limited (3.4%), ICICI Bank Limited (3.2%), Kotak Mahindra Bank Limited (2.5%) and Axis Bank Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.5% and its worst peak-to-trough fall in our sample was -51.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.01 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Large & Mid Cap Fund's -0.01 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund is benchmarked against the NIFTY LargeMidcap 250 TRI. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Large & Mid Cap Fund?

Bandhan Large & Mid Cap Fund is managed by Manish Gunwani and Rahul Agarwal at Bandhan.

How is Bandhan Large & Mid Cap Fund taxed?

Bandhan Large & Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.