EquityMid Cap FundRegularGrowthVery High

Bandhan Mid Cap Fund

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

As of 05 Oct 2026, the NAV of Bandhan Mid Cap Fund is ₹18.54 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Mid Cap Fund delivered?

Bandhan Mid Cap Fund has returned +6.44% over 1 year, +15.44% per year over 3 years and +16.10% 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 Mid Cap Fund?

Bandhan Mid Cap Fund charges an expense ratio of 2.13% 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 Mid Cap Fund?

Bandhan Mid Cap Fund's largest holdings are Apar Industries Limited (4.0%), The Federal Bank Limited (3.3%), GE Vernova T&D India Limited (3.3%), IPCA Laboratories Limited (2.7%) and Fortis Healthcare Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Mid Cap Fund?

Bandhan Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.7% and its worst peak-to-trough fall in our sample was -23.3%. 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 0.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Mid Cap Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.

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

Bandhan Mid Cap Fund is benchmarked against the BSE 150 Midcap Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Mid Cap Fund?

Bandhan Mid Cap Fund is managed by Ritu Modi and Harshal Joshi at Bandhan.

Q: How is Bandhan Mid Cap Fund taxed?

Bandhan 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 Mid Cap Mutual Funds

NAV

₹18.54

+0.52% 1D

as of 05 Oct 2026

This is the Regular plan of Bandhan Mid 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

+5.37%absolute

52-week rangePrev NAV ₹18.44

Latest ₹18.54

Low ₹15.4573rd percentile of its 52-week rangeHigh ₹19.66

Scorecard

★★★☆☆3/5 vs 29 of 33 Mid 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 Mid Cap Fund (same plan and option). 29 of the 33 Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +15.44% · ranks 11 of 29 Mid Cap Funds

RiskModerate

Volatility 16.7% vs 16.1% category avg

CostAverage

2.1% expense vs 2.2% 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

Ahead of the Mid Cap Fund average on 1M/3M/6M/1Y — 1Y by 3.12pp
3-year return (+15.44%) beats the Mid Cap Fund average (+14.40%)
Ranks #4 of 31 on 1-year return in its Mid Cap Fund cohort
Stronger risk-adjusted returns — Sharpe 0.54 vs 0.48 Mid Cap Fund average
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.13%

Category 2.20%▼0.07%

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

44.88

Category —

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

0.54

Category 0.48▲0.06

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Entry Load: Nil. 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

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

BSE 150 Midcap Index

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.

19 Aug 2022

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.44%

Absolute return over the last 3 months (not annualized)

-0.10%

Absolute return over the last 6 months (not annualized)

+18.01%

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

+7.09%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.44%

3-year annualized return (CAGR)

+15.44%

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.

+16.10%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.71%

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

0.54

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

0.73

Largest peak-to-trough decline over full history

-23.32%

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

1.67%

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

0.96

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

88.4%

Excess return per unit of beta (market risk)

9.21

Active return over the benchmark per unit of tracking error

0.22

Annualized std dev of fund-minus-benchmark returns

6.52%

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

100.5%

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

94.5%

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 (Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.44%	-5.33%	+0.89%
3M abs	-0.10%	-2.84%	+2.74%
6M abs	+18.01%	+12.95%	+5.06%
1Y CAGR	+6.44%	+3.32%	+3.12%
3Y CAGR	+15.44%	+14.40%	+1.04%
5Y CAGR	—	+12.96%	—

Category average across peers in Mid Cap Fund (up to 33 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 33 peers in Mid Cap Fund

1Y return

+6.44%

Beats 90% · rank #4

3Y return

+15.44%

Beats 64.3% · rank #11

5Y return

—

Sharpe

0.54

Beats 60.7% · rank #12

Sortino

0.73

Beats 60.7% · rank #12

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

₹4.09L

Absolute

+13.50%

XIRR

+8.86%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Bandhan 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	+7.09%	-1.81%	+8.90%
2025	-3.01%	+6.24%	-9.25%
2024	+32.01%	+24.74%	+7.27%
2023	+37.38%	+45.27%	-7.89%
2022part	-1.69%	—	—

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

1,024

Expense ratio

2.13%

AUM

₹2,155Cr

Exit load

Entry Load: Nil. 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

44.9

P/B ratio

8.3

Avg market cap

₹88,035Cr

P/E & P/B are portfolio-weighted harmonic means across 68 of 85 equity holdings (86% 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 · Mid Cap Fund

Compare all


Bandhan Mid Cap FundThis fund Bandhan · Regular · Growth	★★★☆☆	+6.44%	+15.44%	—	—	2.13%	—
HSBC Midcap Fund HSBC · Regular · Growth	★★★★☆	+15.31%	+21.44%	—	—	2.16%	₹13,701Cr
Invesco India Mid Cap Fund Invesco · Regular · Growth	★★★★☆	+5.29%	+20.56%	+16.59%	—	1.86%	—
WhiteOak Capital Mid Cap Fund WhiteOak Capital · Regular · Growth	★★★★★	+9.17%	+18.84%	—	—	2.24%	₹5,514Cr
ICICI Prudential Mid Cap Fund ICICI Prudential · Regular · Growth	★★★☆☆	+8.48%	+18.79%	+14.49%	—	1.84%	—
Edelweiss Mid Cap Fund Edelweiss · Regular · Growth	★★★★★	+3.04%	+18.11%	+15.30%	—	1.87%	₹16,310Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap21.8%
Mid cap67.3%
Small cap10.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.86%
Cash & Equivalents1.93%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Midcap Fund Axis · Mid Cap Fund	58.7%	★★★☆☆	0.83%	+15.74%
PGIM India Midcap Fund PGIM India · Mid Cap Fund	49.0%	★★☆☆☆	0.72%	+10.84%
Union Midcap Fund Union · Mid Cap Fund	48.3%	★★★☆☆	1.09%	+15.82%
Edelweiss Mid Cap Fund Edelweiss · Mid Cap Fund	48.1%	★★★★★	0.68%	+19.66%
Kotak Mid Cap Fund Kotak Mahindra · Mid Cap Fund	42.9%	★★★★☆	0.54%	+16.00%
Aditya Birla Sun Life Midcap Fund Aditya Birla Sun Life · Mid Cap Fund	42.8%	★★☆☆☆	1.23%	+13.78%
Canara Robeco Mid Cap Fund Canara Robeco · Mid Cap Fund	41.7%	★★★☆☆	0.88%	+16.29%
Nippon India Growth Mid Cap Fund Nippon India · Mid Cap Fund	40.6%	★★★☆☆	0.80%	+17.13%

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 — 3.26% 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 I2.15%
Sterlite Technologies LimitedLong-term · Stage IV0.71%
Welspun Corp LimitedLong-term · Stage I0.40%

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.

-23.3%24 Sep 2024 → 07 Apr 2025
Fell over 6 months, back to the old high on 19 Jun 2026 — 14 months under water after the low.
-7.5%01 Nov 2022 → 28 Mar 2023
Fell over 5 months, back to the old high on 09 May 2023 — 42 days under water after the low.
-6.7%11 Sep 2023 → 26 Oct 2023
Fell over 1 months, back to the old high on 16 Nov 2023 — 21 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.

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

RMRitu ModiManaging since 16 Nov 2022

Role

Vice President MMS – Equity

Experience

Ms. Ritu Modi joined the Equity - Fund Management team of Bandhan AMC - November 7, 2022 as Vice President – Equity. Financial She was earlier associated with IIFL Asset Management Ltd. as Equity Research Analyst from October-21 to October-22 and was covering Consumption sector. Prior to this, she was also associated with LIC Mutual Fund Asset Management Company Ltd. as Fund Manager from November-19 to October-21 and was managing various schemes of LIC Mutual Fund. Further, from January-18 to October-19, she was an Equity Research Analyst covering Consumption and Automobile sectors. Her prior associations also include Ambit Capital Pvt Ltd where she was working as Research Associate (Equity) from March-11 to September-17. (Total experience – 14 years) Managed/Co-managed

Funds managed (1)

BANDHAN FINANCIAL SERVICES FUND

All schemes Ritu Modi runs →

HJHarshal JoshiManaging since 18 Aug 2022

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

Ritu Modi Harshal Joshi

Top holdings

Apar Industries Limited The Federal Bank Limited GE Vernova T&D India Limited IPCA Laboratories Limited Fortis Healthcare Limited L&T Finance Limited Persistent Systems Limited Vishal Mega Mart Limited PB Fintech Limited KEI Industries Limited Prestige Estates Projects Limited Multi Commodity Exchange of India 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 Mid Cap funds

Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.

Frequently asked questions

What is the NAV of Bandhan Mid Cap Fund?

As of 05 Oct 2026, the NAV of Bandhan Mid Cap Fund is ₹18.54 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Mid Cap Fund delivered?

Bandhan Mid Cap Fund has returned +6.44% over 1 year, +15.44% per year over 3 years and +16.10% 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 Mid Cap Fund?

Bandhan Mid Cap Fund charges an expense ratio of 2.13% 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 Mid Cap Fund?

Bandhan Mid Cap Fund's largest holdings are Apar Industries Limited (4.0%), The Federal Bank Limited (3.3%), GE Vernova T&D India Limited (3.3%), IPCA Laboratories Limited (2.7%) and Fortis Healthcare Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Mid Cap Fund?

Bandhan Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.7% and its worst peak-to-trough fall in our sample was -23.3%. 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 0.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Mid Cap Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Bandhan Mid Cap Fund?

Bandhan Mid Cap Fund is benchmarked against the BSE 150 Midcap Index. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Mid Cap Fund?

Bandhan Mid Cap Fund is managed by Ritu Modi and Harshal Joshi at Bandhan.

How is Bandhan Mid Cap Fund taxed?

Bandhan 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.