Solution OrientedRetirement FundRegularGrowthHigh

Bandhan Retirement Fund

Q: What is the NAV of Bandhan Retirement Fund?

As of 05 Oct 2026, the NAV of Bandhan Retirement Fund is ₹12.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Retirement Fund delivered?

Bandhan Retirement Fund has returned -3.93% over 1 year, +6.68% per year over 3 years and +6.68% 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 Retirement Fund?

Bandhan Retirement Fund charges an expense ratio of 2.62% 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 Retirement Fund?

Bandhan Retirement Fund's largest holdings are 7.3% GOI (MD 19/06/2053) (21.3%), Bharti Airtel Limited (5.5%), Reliance Industries Limited (5.1%), ICICI Bank Limited (4.8%) and HDFC Bank Limited (4.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Retirement Fund?

Bandhan Retirement Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.3% and its worst peak-to-trough fall in our sample was -10.1%. 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 0.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Retirement Fund's 0.02 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Bandhan Retirement Fund?

Bandhan Retirement Fund is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Retirement Fund?

Bandhan Retirement Fund is managed by Vishal Biraia, Viraj Kulkarni and Gautam Kaul at Bandhan.

Q: How is Bandhan Retirement Fund taxed?

Bandhan Retirement 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 Retirement Mutual Funds

NAV

₹12.10

+0.26% 1D

as of 05 Oct 2026

This is the Regular plan of Bandhan Retirement 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

-4.29%absolute

52-week rangePrev NAV ₹12.07

Latest ₹12.10

Low ₹11.6733rd percentile of its 52-week rangeHigh ₹12.98

Scorecard

★★☆☆☆2/5 vs 27 of 28 Retirement 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 Retirement Fund (same plan and option). 27 of the 28 Retirement Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +6.68% · ranks 16 of 27 Retirement Funds

RiskModerate

Volatility 8.3% vs 9.1% category avg

CostHigh

2.6% expense vs 2.2% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

Stronger risk-adjusted returns — Sharpe 0.02 vs 0.01 Retirement Fund average

Concerns

Trails the Retirement Fund average on 3M/6M/1Y — 1Y by 3.48pp
3-year return (+6.68%) trails the Retirement Fund average (+8.14%)
Ranks #25 of 29 on 1-year return in its Retirement Fund cohort
High expense ratio (2.62%) vs the Retirement Fund average of 2.20%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.62%

Category 2.20%▲0.42%

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

21.28

Category —

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

0.02

Category 0.01▲0.01

Scheme Info

Definitions

Plan

Regular · Growth

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

5 yrs

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

₹1,000

CRISIL Hybrid 50+50 - Moderate 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 Oct 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.40%

Absolute return over the last 3 months (not annualized)

-4.19%

Absolute return over the last 6 months (not annualized)

+2.75%

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

-6.09%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.93%

3-year annualized return (CAGR)

+6.68%

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.

+6.68%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.34%

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

0.02

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

0.03

Largest peak-to-trough decline over full history

-10.11%

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

-1.87%

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

0.58

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

95.8%

Excess return per unit of beta (market risk)

1.58

Active return over the benchmark per unit of tracking error

-0.53

Annualized std dev of fund-minus-benchmark returns

6.90%

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

61.8%

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

58.6%

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 (Retirement Fund)

Period	Fund	Category avg.	Diff
1M abs	-3.40%	-3.56%	+0.16%
3M abs	-4.19%	-2.88%	-1.31%
6M abs	+2.75%	+5.70%	-2.95%
1Y CAGR	-3.93%	-0.45%	-3.48%
3Y CAGR	+6.68%	+8.14%	-1.46%
5Y CAGR	—	+7.26%	—

Category average across peers in Retirement Fund (up to 28 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 28 peers in Retirement Fund

1Y return

-3.93%

Beats 14.3% · rank #25

3Y return

+6.68%

Beats 42.3% · rank #16

5Y return

—

Sharpe

0.02

Beats 46.2% · rank #15

Sortino

0.03

Beats 46.2% · rank #15

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

₹1.20L

Current value

₹1.16L

Absolute

-3.34%

XIRR

-7.18%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Bandhan Retirement 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	-6.09%	-7.18%	+1.09%
2025	+6.62%	+7.94%	-1.32%
2024	+12.76%	+16.43%	-3.67%
2023part	+7.27%	—	—

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio up: 2.55% → 2.62%
05 Oct 2026

History points

737

Expense ratio

2.62%

AUM

₹181.34Cr

Exit load

Nil

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

P/E ratio

21.3

P/B ratio

4.4

Avg market cap

₹5,25,802Cr

P/E & P/B are portfolio-weighted harmonic means across 48 of 54 equity holdings (67% 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 · Retirement Fund

Compare all


Bandhan Retirement FundThis fund Bandhan · Regular · Growth	★★☆☆☆	-3.93%	+6.68%	—	—	2.62%	₹181.34Cr
ICICI Prudential Retirement Fund Pure Equity ICICI Prudential · Regular · Growth	★★★★★	+2.28%	+17.39%	+16.08%	—	2.14%	₹1,884Cr
ICICI Prudential Retirement Fund Hybrid Aggressive ICICI Prudential · Regular · Growth	★★★★★	+2.31%	+15.25%	+12.47%	—	2.48%	₹1,173Cr
Aditya Birla Sun Life Retirement Fund-The 30s Aditya Birla Sun Life · Regular · Growth	★★★☆☆	+9.65%	+13.94%	+9.91%	—	2.64%	₹434.17Cr
Union Retirement Fund Union · Regular · Growth	★★★★☆	+0.57%	+10.51%	—	—	2.68%	₹197.16Cr
Tata Retirement Savings Fund-Progressive Tata · Regular · Growth	★★★★☆	+1.60%	+10.12%	+7.83%	—	2.18%	₹2,087Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap78.1%
Mid cap16.3%
Small cap5.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity72.06%
Debt21.31%
Cash & Equivalents7.23%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Franklin India NSE Nifty 50 Index Fund Franklin Templeton · Index Funds	55.8%	★★★☆☆	0.31%	+5.88%
Taurus Nifty 50 Index Fund Taurus · Index Funds	55.8%	★★☆☆☆	0.86%	+5.15%
Aditya Birla Sun Life Nifty 50 Index Fund Aditya Birla Sun Life · Index Funds	55.8%	★★★☆☆	0.23%	+5.88%
ICICI Prudential Nifty 50 Index Fund ICICI Prudential · Index Funds	55.8%	★★★☆☆	0.24%	+5.84%
DSP Nifty 50 Index Fund DSP · Index Funds	55.8%	★★★☆☆	0.22%	+5.92%
Mirae Asset Nifty 50 Index Fund Mirae Asset · Index Funds	55.8%	★★☆☆☆	0.24%	—
Angel One Nifty 50 Index Fund Angel One · Index Funds	55.8%	★★☆☆☆	0.25%	—
Angel One Nifty 50 ETF Angel One · Other ETFs	55.8%	—	0.18%	—

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.

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.

-10.1%02 Jan 2026 → 30 Mar 2026
Still below that high — 3 months down, and no recovery yet.
-10.0%26 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 17 Sep 2025 — 7 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

₹181.34Cr

April - June 2026

-1%

since January - March 2026

+₹3.79Cr

est. net flow, last quarter

At or near its largest, ₹182.88Cr 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.

Launched

19 Dec 1999

Total AUM

₹2,04,046Cr+4.5% QoQ

Avg AUM · April - June 2026

Website

bandhanmutual.com

Fund Managers

VBVishal BiraiaManaging since 28 Jan 2023

Role

Vice President Bachelor - Fund Management, Equities

Experience

Mr. Vishal Biraia joined Bandhan AMC Limited in June, 2023 in Fund Bandhan Management. He was earlier associated with Max Business Cycle Fund - Equity Life Insurance (June 2021 to May 2023) and Aviva Life Insurance (July 2018 – November 2021) as Research analyst and assistant fund manager. Prior to that, he was associated with Antique Stock Broking (January 2015 to July 2018) with primary responsibility of research and marketing Indian equities to FII’s and with Batlivala & Karani Securities (June 2007 to July 2014) as Research Analyst. (Total Experience -17 years.)

Funds managed (3)

All schemes Vishal Biraia runs →

VKViraj KulkarniManaging since 02 Dec 2024

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 →

GKGautam KaulManaging since 28 Jul 2023

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 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

Vishal Biraia Viraj Kulkarni Gautam Kaul

Top holdings

Bharti Airtel Limited Reliance Industries Limited ICICI Bank Limited HDFC Bank Limited Titan Company Limited Larsen & Toubro Limited Kotak Mahindra Bank Limited Hitachi Energy India Limited State Bank of India Axis Bank Limited Maruti Suzuki India Limited Info Edge (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.

Frequently asked questions

What is the NAV of Bandhan Retirement Fund?

As of 05 Oct 2026, the NAV of Bandhan Retirement Fund is ₹12.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Retirement Fund delivered?

Bandhan Retirement Fund has returned -3.93% over 1 year, +6.68% per year over 3 years and +6.68% 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 Retirement Fund?

Bandhan Retirement Fund charges an expense ratio of 2.62% 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 Retirement Fund?

Bandhan Retirement Fund's largest holdings are 7.3% GOI (MD 19/06/2053) (21.3%), Bharti Airtel Limited (5.5%), Reliance Industries Limited (5.1%), ICICI Bank Limited (4.8%) and HDFC Bank Limited (4.1%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Retirement Fund?

Bandhan Retirement Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.3% and its worst peak-to-trough fall in our sample was -10.1%. 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 0.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Retirement Fund's 0.02 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Bandhan Retirement Fund?

Bandhan Retirement Fund is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Retirement Fund?

Bandhan Retirement Fund is managed by Vishal Biraia, Viraj Kulkarni and Gautam Kaul at Bandhan.

How is Bandhan Retirement Fund taxed?

Bandhan Retirement 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.