Bandhan Financial Services Fund
This is the Regular plan of Bandhan Financial Services 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.
Performance
Scorecard
★★★☆☆3/5 vs 142 of 255 Sectoral/ Thematic 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 Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +12.17% · ranks 71 of 142 Sectoral/ Thematic funds
Volatility 15.6% vs 15.6% category avg
2.5% expense vs 2.5% category avg
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 Sectoral/ Thematic average on 1M/3M/6M/1Y — 1Y by 4.69pp
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.74% | -4.57% | -1.17% |
| 3M abs | -6.11% | -2.60% | -3.51% |
| 6M abs | +8.87% | +11.40% | -2.53% |
| 1Y CAGR | -2.53% | +2.16% | -4.69% |
| 3Y CAGR | +12.17% | +12.50% | -0.33% |
| 5Y CAGR | — | +10.82% | — |
Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Bandhan Financial Services 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 | -7.27% | -7.18% | -0.09% | |
| 2025 | +11.72% | +7.94% | +3.78% | |
| 2024 | +18.60% | +16.43% | +2.17% | |
| 2023part | +15.92% | — | — |
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.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity98.29%
- Cash & Equivalents1.66%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,094Cr in January - March 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.
Fund Managers
RMRitu ModiManaging since 02 Dec 2024
Vice President MMS – Equity
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
HAHarshvardhan AgrawalStart date not disclosed
Vice President - BE Equity
CFA, MBA
Mr. Harshvardhan Agrawal joined Bandhan AMC Limited in October 2021 and is currently the Equity Research Analyst for the Banking and NBFC sectors. He was earlier associated with Infina Finance Private Limited from Nov 2017 to Oct 2021, iAlpha Enterprises from Feb 2016 to Nov 2017, Motilal Oswal Financial Services from Jan 2015 to Feb 2016 and with Aranca India Pvt Ltd. from May 2013 to Jan 2015 as Research Analyst. (He has a total experience of 17 years in the Financial Services segment.)
HJHarshal JoshiManaging since 28 Jul 2023
Senior Vice President - Fund Management
PGDBM Senior Vice President – Fixed Income
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)
- Bandhan 10 year Constant Maturity Gilt Fund
- Bandhan 10 year Constant Maturity Gilt Fund
- Bandhan Aggressive Hybrid Fund
- BANDHAN Arbitrage Fund
- Bandhan Business Cycle Fund
- BANDHAN CONSERVATIVE HYBRID FUND
- Bandhan Contra Fund
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEPTEMBER 2027 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2028 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX GILT JUNE 2027 INDEX FUND
- Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- BANDHAN EQUITY SAVINGS FUND
- Bandhan Income Plus Arbitrage Fund of Funds (Formerly Known as Bandhan All Seasons Bond Fund)
- Bandhan Income Plus Arbitrage Fund of Funds (Formerly Known as Bandhan All Seasons Bond Fund)
- BANDHAN LIQUID Fund
- BANDHAN LIQUID Fund
- Bandhan Mid Cap Fund
- BANDHAN MULTI CAP FUND
- BANDHAN TRANSPORTATION AND LOGISTICS FUND
- Bandhan Ultra Short Term Fund
- Bandhan Ultra Short Term Fund
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
- BANDHAN ULTRA SHORT TO SHORT TERM FUND
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
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.
Bandhan Ultra Short to Short Term Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Bandhan 10 year Constant Maturity Gilt Fund - Dir - Growth
ClearTax · 5d ago
Bandhan Mutual Fund raises EPL Ltd stake to 7.36% via open market buy
scanx.trade · 5d ago
Dalmia Bharat Refractories sells 11.1% stake in RHI Magnesita to Clarus Capital, Bandhan MF, SBI MF,...
Moneycontrol.com · 12d ago
Bandhan Small Cap Fund August portfolio: Cyient, P N Gadgil see higher holdings; 4 stocks added, 6 exited
Livemint · 18d ago
Bandhan Mutual Fund raises Mastek stake to 5.05% via open market buy
scanx.trade · 20d ago
Bandhan Mid Cap Fund - Regular Plan: Overview, Performance, Portfolio | Mutual Fund
Value Research · 26d ago
Bandhan Mutual Fund raises Cyient stake to 5.03% via open market
scanx.trade · 28d ago
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 Sectoral & Thematic funds
Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.
Frequently asked questions
What is the NAV of Bandhan Financial Services Fund?
As of 05 Oct 2026, the NAV of Bandhan Financial Services Fund is ₹14.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Bandhan Financial Services Fund delivered?
Bandhan Financial Services Fund has returned -2.53% over 1 year, +12.17% per year over 3 years and +11.76% 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 Financial Services Fund?
Bandhan Financial Services Fund charges an expense ratio of 2.48% 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 Financial Services Fund?
Bandhan Financial Services Fund's largest holdings are ICICI Bank Limited (14.7%), HDFC Bank Limited (10.2%), Kotak Mahindra Bank Limited (5.6%), Axis Bank Limited (4.7%) and Bajaj Finance Limited (4.3%). Holdings are disclosed monthly and change over time.
How risky is Bandhan Financial Services Fund?
Bandhan Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -17.6%. 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 0.36 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Financial Services Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Bandhan Financial Services Fund?
Bandhan Financial Services Fund is benchmarked against the Nifty Financial Services TRI Index. Its alpha and beta on this page are measured against that index.
Who manages Bandhan Financial Services Fund?
Bandhan Financial Services Fund is managed by Ritu Modi, Harshvardhan Agrawal and Harshal Joshi at Bandhan.
How is Bandhan Financial Services Fund taxed?
Bandhan Financial Services 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.