EquityMulti Cap FundRegularGrowthVery High

Bandhan Multi Cap Fund

Q: What is the NAV of Bandhan Multi Cap Fund?

As of 05 Oct 2026, the NAV of Bandhan Multi Cap Fund is ₹16.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Multi Cap Fund delivered?

Bandhan Multi Cap Fund has returned -2.25% over 1 year, +10.05% per year over 3 years and +11.26% 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 Cap Fund?

Bandhan Multi 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 Multi Cap Fund?

Bandhan Multi Cap Fund's largest holdings are HDFC Bank Limited (5.9%), Kotak Mahindra Bank Limited (4.0%), Reliance Industries Limited (4.0%), ICICI Bank Limited (3.3%) and Tata Consultancy Services Limited (2.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Multi Cap Fund?

Bandhan Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -18.8%. 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 0.26 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Multi Cap Fund's 0.26 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Bandhan Multi Cap Fund?

Bandhan Multi Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Multi Cap Fund?

Bandhan Multi Cap Fund is managed by Daylynn Pinto and Harshal Joshi at Bandhan.

Q: How is Bandhan Multi Cap Fund taxed?

Bandhan Multi 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 Multi Cap Mutual Funds

NAV

₹16.77

+0.35% 1D

as of 05 Oct 2026

This is the Regular plan of Bandhan Multi Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-2.66%absolute

52-week rangePrev NAV ₹16.71

Latest ₹16.77

Low ₹15.0560th percentile of its 52-week rangeHigh ₹17.91

Scorecard

★★★☆☆3/5 vs 22 of 32 Multi Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Cap Fund (same plan and option). 22 of the 32 Multi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +10.05% · ranks 19 of 22 Multi Cap Funds

RiskModerate

Volatility 13.6% vs 14.9% category avg

CostAverage

2.3% expense vs 2.4% category avg

ConsistencyHigh

100% 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 100% of rolling 3-year windows

Concerns

Trails the Multi Cap Fund average on 3M/6M/1Y — 1Y by 5.15pp
3-year return (+10.05%) trails the Multi Cap Fund average (+12.62%)
Ranks #26 of 32 on 1-year return in its Multi Cap Fund cohort
Weaker risk-adjusted returns — Sharpe 0.26 below the Multi Cap Fund average of 0.40

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.27%

Category 2.40%▼0.13%

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

20.78

Category —

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

0.26

Category 0.40▼0.14

Scheme Info

Definitions

Plan

Regular · Growth

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

None

If redeemed/switched out within 1 year from the date of allotment -1% of applicable NAV; If redeemed/switched out after 1 year 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 500 Multicap 50:25:25 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.

03 Dec 2021

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.38%

Absolute return over the last 3 months (not annualized)

-4.62%

Absolute return over the last 6 months (not annualized)

+9.01%

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

-4.34%

Annualized returns (≥1Y — CAGR)

Definitions

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

-2.25%

3-year annualized return (CAGR)

+10.05%

5-year annualized return (CAGR)

—

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.

+11.26%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.62%

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

0.26

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

0.35

Largest peak-to-trough decline over full history

-18.79%

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

0.34%

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

0.99

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

96.8%

Excess return per unit of beta (market risk)

3.56

Active return over the benchmark per unit of tracking error

0.11

Annualized std dev of fund-minus-benchmark returns

2.86%

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

98.0%

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

95.2%

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 (Multi Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.38%	-4.32%	-0.06%
3M abs	-4.62%	-1.64%	-2.98%
6M abs	+9.01%	+13.63%	-4.62%
1Y CAGR	-2.25%	+2.90%	-5.15%
3Y CAGR	+10.05%	+12.62%	-2.57%
5Y CAGR	—	+11.64%	—

Category average across peers in Multi Cap Fund (up to 32 funds with data), 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.

Category rank

Vs 32 peers in Multi Cap Fund

1Y return

-2.25%

Beats 19.4% · rank #26

3Y return

+10.05%

Beats 14.3% · rank #19

5Y return

—

Sharpe

0.26

Beats 19% · rank #18

Sortino

0.35

Beats 19% · rank #18

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

₹3.60L

Current value

₹3.72L

Absolute

+3.46%

XIRR

+2.34%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Bandhan Multi 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 500 TRI	Diff
2026part	-4.34%	-7.18%	+2.84%
2025	+4.99%	+7.94%	-2.95%
2024	+19.48%	+16.43%	+3.05%
2023	+29.61%	+27.43%	+2.18%
2022	+6.87%	+4.34%	+2.53%
2021part	+0.80%	—	—

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

1,201

Expense ratio

2.27%

AUM

₹2,886Cr

Exit load

If redeemed/switched out within 1 year from the date of allotment -1% of applicable NAV; If redeemed/switched out after 1 year from the date of allotment –Nil

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

P/E ratio

20.8

P/B ratio

3.7

Avg market cap

₹3,22,766Cr

P/E & P/B are portfolio-weighted harmonic means across 92 of 108 equity holdings (85% 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 · Multi Cap Fund

Compare all


Bandhan Multi Cap FundThis fund Bandhan · Regular · Growth	★★★☆☆	-2.25%	+10.05%	—	—	2.27%	₹2,886Cr
Axis Multicap Fund Axis · Regular · Growth	★★★★★	+6.56%	+17.24%	—	—	1.98%	₹9,775Cr
HSBC Multi Cap Fund HSBC · Regular · Growth	★★★★★	+5.42%	+15.84%	—	—	2.03%	₹5,538Cr
WhiteOak Capital Multi Cap Fund WhiteOak Capital · Regular · Growth	★★★★☆	+3.03%	+15.71%	—	—	2.21%	₹3,513Cr
Bank of India Multi Cap Fund Bank of India · Regular · Growth	★★★☆☆	+8.28%	+15.36%	—	—	2.48%	₹1,091Cr
LIC MF Multi Cap Fund LIC · Regular · Growth	★★★★☆	+3.98%	+15.19%	—	—	2.14%	₹1,895Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap46.0%
Mid cap28.4%
Small cap25.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.02%
Cash & Equivalents4.15%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

HDFC Bank Limited

5.88%

Kotak Mahindra Bank Limited

3.96%

Reliance Industries Limited

3.95%

ICICI Bank Limited

3.31%

Tata Consultancy Services Limited

2.73%

Axis Bank Limited

2.11%

Infosys Limited

2.03%

Maruti Suzuki India Limited

1.85%

Mahindra & Mahindra Financial Services Limited

1.82%

ICICI Lombard General Insurance Company Limited

1.53%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bandhan Value Fund Bandhan · Value Fund	67.5%	★★★☆☆	0.95%	+9.61%
Bandhan Multi Asset Allocation Fund Bandhan · Multi Asset Allocation	64.0% of 66% equity	★★★★★	0.79%	—
BANDHAN ELSS - Tax Saver Fund Bandhan · ELSS	63.2%	★★★☆☆	0.93%	+8.82%
Bandhan Flexi Cap Fund Bandhan · Flexi Cap Fund	57.7%	★★☆☆☆	1.52%	+9.66%
HDFC Multi Asset Allocation Fund HDFC · Multi Asset Allocation	44.4% of 67% equity	★★★☆☆	0.99%	+11.32%
ICICI Prudential Large Cap Fund ICICI Prudential · Large Cap Fund	43.9%	★★★★★	1.01%	+9.67%
ICICI Prudential Multi Asset Allocation Fund ICICI Prudential · Multi Asset Allocation	43.4% of 69% equity	★★★☆☆	0.85%	+13.14%
Bandhan Large & Mid Cap Fund Bandhan · Large & Mid Cap Fund	43.3%	★★★★★	1.15%	+16.67%

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 — 2.61% 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.

Sterlite Technologies LimitedLong-term · Stage IV1.48%
PB Fintech LimitedShort-term · Stage I0.61%
Whirlpool of India LimitedShort-term · Stage I0.52%

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.

-18.8%26 Sep 2024 → 03 Mar 2025
Still below that high — 5 months down, and no recovery yet.
-15.6%08 Apr 2022 → 20 Jun 2022
Fell over 2 months, back to the old high on 17 Aug 2022 — 2 months under water after the low.
-11.7%17 Jan 2022 → 07 Mar 2022
Fell over 2 months, back to the old high on 08 Apr 2022 — 32 days 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

₹2,886Cr

April - June 2026

+3%

since January - March 2026

+₹121.71Cr

est. net flow, last quarter

At or near its largest, ₹2,886Cr 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

₹2,04,046Cr+4.5% QoQ

Avg AUM · April - June 2026

Website

bandhanmutual.com

Fund Managers

DPDaylynn PintoManaging since 02 Dec 2021

Role

Senior Fund Manager – Equity

Education

PGDM, B.Com.

Experience

He is associated with Bandhan AMC since October 2016 and responsible for investments and equity fund management. He also undertakes equity research. Prior to joining Bandhan AMC, he was associated with UTI Asset Logistics Management Co. Ltd. as Fund Manager, responsible for fund management. He also undertook Equity research. (July 2006 September 2016). (Total experience – 19 years)

Funds managed (4)

All schemes Daylynn Pinto runs →

HJHarshal JoshiManaging since 02 Dec 2021

Role

Senior Vice President - Fund Management

Education

PGDBM Senior Vice President – Fixed Income

Experience

He has been associated with Bandhan Multi Cap Fund - Debt portion, Bandhan AMC since December 2008 with Fixed Income Investment team. Prior to the same he was associated with ICAP India Pvt. Ltd. (2006 to 2007). Managing the Fund since September 15, 2015. (Total Experience – years)

Funds managed (25)

All schemes Harshal Joshi 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

Daylynn Pinto Harshal Joshi

Top holdings

HDFC Bank Limited Kotak Mahindra Bank Limited Reliance Industries Limited ICICI Bank Limited Tata Consultancy Services Limited Axis Bank Limited Infosys Limited Maruti Suzuki India Limited Mahindra & Mahindra Financial Services Limited ICICI Lombard General Insurance Company Limited V-Mart Retail Limited Larsen & Toubro 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 Multi Cap funds

Multi cap funds must hold at least 25% each in large, mid and small-cap stocks at all times. The fixed minimums give more mid- and small-cap exposure than a flexi cap, and usually more volatility.

Frequently asked questions

What is the NAV of Bandhan Multi Cap Fund?

As of 05 Oct 2026, the NAV of Bandhan Multi Cap Fund is ₹16.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Multi Cap Fund delivered?

Bandhan Multi Cap Fund has returned -2.25% over 1 year, +10.05% per year over 3 years and +11.26% 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 Cap Fund?

Bandhan Multi 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 Multi Cap Fund?

Bandhan Multi Cap Fund's largest holdings are HDFC Bank Limited (5.9%), Kotak Mahindra Bank Limited (4.0%), Reliance Industries Limited (4.0%), ICICI Bank Limited (3.3%) and Tata Consultancy Services Limited (2.7%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Multi Cap Fund?

Bandhan Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -18.8%. 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 0.26 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Multi Cap Fund's 0.26 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Bandhan Multi Cap Fund?

Bandhan Multi Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Multi Cap Fund?

Bandhan Multi Cap Fund is managed by Daylynn Pinto and Harshal Joshi at Bandhan.

How is Bandhan Multi Cap Fund taxed?

Bandhan Multi 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.