DebtMoney Market FundDirectIDCWLow

Bandhan Money Market Fund

Q: What is the NAV of Bandhan Money Market Fund?

As of 05 Oct 2026, the NAV of Bandhan Money Market Fund is ₹10.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Money Market Fund delivered?

Bandhan Money Market Fund has returned 0.00% over 1 year, 0.00% per year over 3 years, 0.00% per year over 5 years and +0.02% 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 Money Market Fund?

Bandhan Money Market Fund charges an expense ratio of 0.11% 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 Money Market Fund?

Bandhan Money Market Fund's largest holdings are 182 Days Tbill (MD 17/12/2026) (6.0%), HDFC Bank Limited (3.5%), HDFC Bank Limited (3.3%), National Bank For Agriculture and Rural Development (3.0%) and 364 Days Tbill (MD 10/12/2026) (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Money Market Fund?

Bandhan Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Bandhan Money Market Fund?

Bandhan Money Market Fund is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Money Market Fund?

Bandhan Money Market Fund is managed by Brijesh Shah and Gautam Kaul at Bandhan.

Q: How is Bandhan Money Market Fund taxed?

Bandhan Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Bandhan Mutual Fund · Best Money Market Mutual Funds

NAV

₹10.10

0.00% 1D

as of 05 Oct 2026

This is the Direct plan of Bandhan Money Market Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed daily, 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 (+7.41% 3Y CAGR)

NAV history

0.00%absolute

52-week rangePrev NAV ₹10.10

Latest ₹10.10

Low ₹10.0883rd percentile of its 52-week rangeHigh ₹10.10

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 Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Money Market Fund peers to rank yet

Risk—

Volatility 0.2% (no category average yet)

Cost—

0.1% expense (no category average yet)

ConsistencyLow

32% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Positive in only 32% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.11%

Category —

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Exit Load

None

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

₹100

NIFTY Money Market Index A-I

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.

03 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

0.00%

Absolute return over the last 3 months (not annualized)

+0.01%

Absolute return over the last 6 months (not annualized)

0.00%

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

0.00%

Annualized returns (≥1Y — CAGR)

Definitions

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

0.00%

3-year annualized return (CAGR)

0.00%

5-year annualized return (CAGR)

0.00%

10-year annualized return (CAGR)

+0.03%

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.

+0.02%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.18%

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

—

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

—

Largest peak-to-trough decline over full history

-1.31%

Benchmark ratios

Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	0.00%	—	—
3M abs	+0.01%	—	—
6M abs	0.00%	—	—
1Y CAGR	0.00%	—	—
3Y CAGR	0.00%	—	—
5Y CAGR	0.00%	—	—

Category average across peers in Money Market 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

₹6.00L

Absolute

0.00%

XIRR

0.00%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan Money Market 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
2026part	0.00%
2025	0.00%
2024	0.00%
2023	0.00%
2022	0.00%
2021	0.00%
2020	0.00%
2019	0.00%
2018	0.00%
2017	0.00%

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.

History points

3,328

Expense ratio

0.11%

AUM

₹14,416Cr

YTM (from holdings)

6.69%

Average maturity

162 days

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

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 · Money Market Fund

Compare all


Bandhan Money Market FundThis fund Bandhan · Direct · Daily IDCW	—	0.00%	0.00%	0.00%	—	0.11%	₹14,416Cr
Bandhan Money Market Fund Bandhan · Direct · Periodic IDCW	—	+6.66%	+7.45%	+6.75%	—	—	₹13.51L
Mirae Asset Money Market Fund Mirae Asset · Direct · IDCW	—	+6.46%	+7.39%	+6.61%	—	0.11%	₹3,539Cr
UTI - Money Market Fund UTI · Direct · Flexi IDCW	—	+6.52%	+7.38%	+6.76%	—	—	₹1.88L
UTI - Money Market Fund UTI · Direct · Half-Yearly IDCW	—	+6.52%	+7.38%	+6.77%	—	0.17%	₹1,175Cr
UTI - Money Market Fund UTI · Direct · Annual IDCW	—	+6.52%	+7.38%	+6.77%	—	0.17%	₹1,175Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt98.18%
Cash & Equivalents1.82%

Cash & cash-like: 9.18% — the 1.82% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

Fund size over time

Quarterly average AUM · AMFI

₹14,416Cr

July - September 2026

since January - March 2026

−₹699.60Cr

est. net flow, last quarter

At or near its largest, ₹15,106Cr in April - June 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.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

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

BSBrijesh ShahManaging since 12 Jul 2021

Role

Senior Vice President – Fixed Income

Education

Post Graduate Diploma in Finance

Experience

Mr Shah is associated with Bandhan AMC since August 2015 as part of the Fixed Income Team and will now be handling investments and fixed income Bandhan US Treasury Bond 0-1 year – fund management. Prior experience: · IDBI Asset Management Ltd. – Dealing in Fixed income (Jan.2013 to Aug.2015) · India Bulls Asset Management Ltd. – Dealing in Fixed income (Jun.2011 to Dec.2012) · Mata Securities - Relationship Manager, Wholesale Debt Market (Jun.2010 to Jun.2011) · Twenty First Century - Relationship Manager, Wholesale Debt Market (Jan.2009 to May2010) (Total experience – 15 years)

Funds managed (42)

All schemes Brijesh Shah runs →

GKGautam KaulStart date not disclosed

Role

Senior Fund Manager - Fixed Income

Education

MBA, B.Com

Experience

Mr. Gautam Kaul joined the Fixed Income Fund Management team Bandhan AMC on November 24, 2021 Senior Fund Manager – Fixed Income. He was earlier associated Bandhan with Edelweiss Asset Management Company Ltd. as Fund Manager from December 2016 to CRISIL IBX Gilt June 2027 Index November 2021 and was managing various schemes of Edelweiss Mutual Fund. CRISIL IBX Gilt April 2032 Index Prior to this, he was also Fund, Bandhan CRISIL IBX 90:10 associated with IDBI Asset SDL Plus Gilt– November 2026 Management Company Ltd. as Fund Manager from March 2010 November 2016 and was managing various schemes of IDBI Mutual Fund. His prior associations also include Religare Asset Management Company Ltd., Sahara Asset Management Company Ltd. and Mata Securities India Private Ltd. (Total experience – 22 years)

Funds managed (15)

All schemes Gautam Kaul runs →

Fund manager, benchmark and dealing terms from 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

Brijesh Shah Gautam Kaul

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.

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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 Money Market funds

Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.

Frequently asked questions

What is the NAV of Bandhan Money Market Fund?

As of 05 Oct 2026, the NAV of Bandhan Money Market Fund is ₹10.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Money Market Fund delivered?

Bandhan Money Market Fund has returned 0.00% over 1 year, 0.00% per year over 3 years, 0.00% per year over 5 years and +0.02% 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 Money Market Fund?

Bandhan Money Market Fund charges an expense ratio of 0.11% 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 Money Market Fund?

Bandhan Money Market Fund's largest holdings are 182 Days Tbill (MD 17/12/2026) (6.0%), HDFC Bank Limited (3.5%), HDFC Bank Limited (3.3%), National Bank For Agriculture and Rural Development (3.0%) and 364 Days Tbill (MD 10/12/2026) (2.8%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Money Market Fund?

Bandhan Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Bandhan Money Market Fund?

Bandhan Money Market Fund is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Money Market Fund?

Bandhan Money Market Fund is managed by Brijesh Shah and Gautam Kaul at Bandhan.

How is Bandhan Money Market Fund taxed?

Bandhan Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.