FoFFoF DomesticDirectIDCWVery High

Bandhan Multi-Asset Passive FOF

Q: What is the NAV of Bandhan Multi-Asset Passive FOF?

As of 05 Oct 2026, the NAV of Bandhan Multi-Asset Passive FOF is ₹21.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Multi-Asset Passive FOF delivered?

Bandhan Multi-Asset Passive FOF has returned -6.36% over 1 year, +2.01% per year over 3 years, +1.43% per year over 5 years and +3.36% 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 Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF charges an expense ratio of 0.07% 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 Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF's largest holdings are Bandhan Crisil Ibx 9:1 Sdl PS Gilt APR 32 DR GR (33.1%), BANDHAN NIFTY100 LOW VOLATILITY 30 INDEX FD Gr Dr (11.9%), Bandhan Nifty 200 Quality 30 Index Fund - DR Gr (10.2%), Bandhan Nifty IT Index Fund - Direct Plan - Growth (6.8%) and Bandhan Nifty Bank Index Fund - Dr Gr (3.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.5% and its worst peak-to-trough fall in our sample was -19.8%. 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 -0.53 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Multi-Asset Passive FOF's -0.53 means it has not compensated investors for its volatility over the window. Higher is better.

Q: Who manages Bandhan Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF is managed by Viraj Kulkarni at Bandhan.

Q: How is Bandhan Multi-Asset Passive FOF taxed?

Bandhan Multi-Asset Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

Bandhan Mutual Fund · Best Domestic Fund of Funds

NAV

₹21.20

+0.37% 1D

as of 05 Oct 2026

This is the Direct plan of Bandhan Multi-Asset Passive FOF — bought from the fund house, with no distributor commission in 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 (+9.05% 3Y CAGR)

Performance

-6.73%absolute

52-week rangePrev NAV ₹21.12

Latest ₹21.20

Low ₹20.6915th percentile of its 52-week rangeHigh ₹24.02

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

Performance—

Not enough FoF Domestic peers to rank yet

Risk—

Volatility 8.5% (no category average yet)

Cost—

0.1% expense (no category average yet)

ConsistencyHigh

99% 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

Consistent — positive in 99% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.07%

Category —

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

—

Category —

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

-0.53

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

—

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Benchmark

—

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.

24 May 2017

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.43%

Absolute return over the last 3 months (not annualized)

-1.68%

Absolute return over the last 6 months (not annualized)

+1.88%

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

-7.30%

Annualized returns (≥1Y — CAGR)

Definitions

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

-6.36%

3-year annualized return (CAGR)

+2.01%

5-year annualized return (CAGR)

+1.43%

10-year annualized return (CAGR)

—

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.

+3.36%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.52%

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

-0.53

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

-0.66

Largest peak-to-trough decline over full history

-19.82%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-6.09%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.50

How much of the fund's movement Nifty 500 TRI explains

67.2%

Excess return per unit of beta (market risk)

-9.17

Active return over the benchmark per unit of tracking error

-0.82

Annualized std dev of fund-minus-benchmark returns

9.60%

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

42.2%

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

56.0%

Computed vs the Nifty 500 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-3.43%	—	—
3M abs	-1.68%	—	—
6M abs	+1.88%	—	—
1Y CAGR	-6.36%	—	—
3Y CAGR	+2.01%	—	—
5Y CAGR	+1.43%	—	—

Category average across peers in FoF Domestic, 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

₹6.07L

Absolute

+1.25%

XIRR

+0.51%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan Multi-Asset Passive FOF, 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 500 TRI	Diff
2026part	-7.30%	-6.20%	-1.10%
2025	+0.53%	+7.94%	-7.41%
2024	+7.55%	+16.43%	-8.88%
2023	+11.92%	+27.43%	-15.51%
2022	-3.96%	+4.34%	-8.30%
2021	+11.30%	+31.59%	-20.29%
2020	+4.14%	+18.33%	-14.19%
2019	+5.81%	+8.95%	-3.14%
2018	-0.48%	-2.33%	+1.85%
2017part	+3.67%	—	—

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

2,274

Expense ratio

0.07%

AUM

₹20.13Cr

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

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 · FoF Domestic

Compare all


Bandhan Multi-Asset Passive FOFThis fund Bandhan · Direct · IDCW	—	-6.36%	+2.01%	+1.43%	—	0.07%	₹20.13Cr
Axis Silver Fund of Fund Axis · Direct · IDCW	—	+51.54%	+46.04%	—	—	0.14%	₹1,235Cr
Nippon India Silver ETF FOF Nippon India · Direct · IDCW	—	+49.82%	+45.66%	—	—	0.22%	₹4,423Cr
ICICI Prudential Silver ETF FOF ICICI Prudential · Direct · IDCW	—	+50.69%	+45.04%	—	—	0.20%	₹6,311Cr
Aditya Birla Sun Life Silver ETF FOF Aditya Birla Sun Life · Direct · IDCW	—	+49.68%	+44.86%	—	—	0.32%	₹1,254Cr
Edelweiss Gold and Silver ETF FOF Edelweiss · Direct · IDCW	—	+33.74%	+38.99%	—	—	0.20%	₹3,144Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other69.79%
Cash & Equivalents30.21%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

BANDHAN NIFTY100 LOW VOLATILITY 30 INDEX FD Gr Dr

11.94%

Bandhan Nifty 200 Quality 30 Index Fund - DR Gr

10.15%

Bandhan Nifty IT Index Fund - Direct Plan - Growth

6.79%

Bandhan Nifty Bank Index Fund - Dr Gr

3.63%

Bandhan Nifty Midcap 150 Index Fund-Direct Pl-Grth

2.43%

Bandhan Nifty Next 50 Ind Fund Direct Pl Growth

1.73%

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.

-19.8%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 04 Dec 2020 — 8 months under water after the low.
-14.1%26 Sep 2024 → 30 Mar 2026
Still below that high — 1.5 years down, and no recovery yet.
-11.3%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 20 Jul 2023 — 13 months 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

₹20.13Cr

July - September 2026

-1%

since April - June 2026

−₹78.51L

est. net flow, last quarter

At or near its largest, ₹20.31Cr 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

VKViraj KulkarniStart date not disclosed

Role

Vice President B.Tech. – Equity Fund Management

Education

CFA, (Finance), B.Tech. (Electronics) Fund

Experience

He is associated with Bandhan PGDM AMC since September 2015 and is the dedicated fund manager for foreign securities since Fund - Equity portion, March 2016. He also undertakes equity research. Prior experience: Franklin Templeton Asset Management (India) Pvt. Ltd. as Management Trainee (May 2014 – September 2015). Goldman Sachs Services India as an Analyst for Wealth Management Technology (June 2010 – May 2012). (Total experience - 12 years)

Funds managed (7)

All schemes Viraj Kulkarni runs →

We don't hold this scheme's own Scheme Information Document. The managers shown are those named on it in this fund house's filings for its other schemes, so the list may be incomplete. Total AUM via AMFI.

Explore from here

Fund managers

Viraj Kulkarni

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.

Frequently asked questions

What is the NAV of Bandhan Multi-Asset Passive FOF?

As of 05 Oct 2026, the NAV of Bandhan Multi-Asset Passive FOF is ₹21.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Multi-Asset Passive FOF delivered?

Bandhan Multi-Asset Passive FOF has returned -6.36% over 1 year, +2.01% per year over 3 years, +1.43% per year over 5 years and +3.36% 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 Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF charges an expense ratio of 0.07% 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 Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF's largest holdings are Bandhan Crisil Ibx 9:1 Sdl PS Gilt APR 32 DR GR (33.1%), BANDHAN NIFTY100 LOW VOLATILITY 30 INDEX FD Gr Dr (11.9%), Bandhan Nifty 200 Quality 30 Index Fund - DR Gr (10.2%), Bandhan Nifty IT Index Fund - Direct Plan - Growth (6.8%) and Bandhan Nifty Bank Index Fund - Dr Gr (3.6%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.5% and its worst peak-to-trough fall in our sample was -19.8%. 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 -0.53 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Multi-Asset Passive FOF's -0.53 means it has not compensated investors for its volatility over the window. Higher is better.

Who manages Bandhan Multi-Asset Passive FOF?

Bandhan Multi-Asset Passive FOF is managed by Viraj Kulkarni at Bandhan.

How is Bandhan Multi-Asset Passive FOF taxed?

Bandhan Multi-Asset Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.