EquityContra FundDirectIDCWVery High

Bandhan Contra Fund

Q: What is the NAV of Bandhan Contra Fund?

As of 01 Oct 2026, the NAV of Bandhan Contra Fund is ₹9.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Contra Fund delivered?

Bandhan Contra Fund has returned -3.95% 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 Contra Fund?

Bandhan Contra Fund charges an expense ratio of 2.35% 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 Contra Fund?

Bandhan Contra Fund's largest holdings are HDFC Bank Limited (2.5%), Reliance Industries Limited (2.2%), Sun Pharmaceutical Industries Limited (2.1%), State Bank of India (1.9%) and ICICI Bank Limited (1.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Contra Fund?

Bandhan Contra Fund is rated very high on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -4.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Bandhan Contra Fund?

Bandhan Contra Fund is managed by Harshal Joshi, Gaurav Satra, Ritika Behera, Manish Gunwani and Prateek Poddar at Bandhan.

Q: How is Bandhan Contra Fund taxed?

Bandhan Contra 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 Contra Mutual Funds

NAV

₹9.55

-0.65% 1D

as of 01 Oct 2026

This is the Direct plan of Bandhan Contra Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed once a year, which is why this NAV sits below the growth plan of the same fund.

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Performance

-3.95%absolute

52-week rangePrev NAV ₹9.61

Latest ₹9.55

Low ₹9.550th percentile of its 52-week rangeHigh ₹9.97

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.35%

Category —

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

17.56

Category —

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

—

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.

02 Sep 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.95%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

-3.95%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

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.

-3.95%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

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

—

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

—

Largest peak-to-trough decline over full history

-4.28%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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 (Contra Fund)

Period	Fund	Category avg.	Diff
1M abs	-3.95%	—	—
3M abs	—	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Contra Fund, 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

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into Bandhan Contra Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Recent changes

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

Expense ratio down: 5.60% → 2.35%
05 Oct 2026

History points

Expense ratio

2.35%

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

P/E ratio

17.6

P/B ratio

4.0

Avg market cap

₹4,94,384Cr

P/E & P/B are portfolio-weighted harmonic means across 28 of 32 equity holdings (26% 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 · Contra Fund

Compare all


Bandhan Contra FundThis fund Bandhan · Direct · Annual IDCW	—	—	—	—	—	2.35%	—
Kotak Contra Fund Kotak Mahindra · Direct · IDCW	—	-2.42%	+13.53%	+13.29%	—	—	—
SBI Contra Fund SBI · Direct · IDCW	—	-4.60%	+9.47%	+13.88%	—	0.88%	₹45,949Cr
Invesco India Contra Fund Invesco · Direct · IDCW	—	-13.62%	+8.61%	+7.95%	—	0.76%	₹19,492Cr
Motilal Oswal Contra Fund Motilal Oswal · Direct · IDCW	—	—	—	—	—	2.18%	₹98.62Cr
Motilal Oswal Contra Fund Motilal Oswal · Direct · IDCW	—	—	—	—	33.20	2.18%	₹98.62Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap80.6%
Mid cap11.3%
Small cap8.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents78.38%
Equity27.78%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bandhan Large Cap Fund Bandhan · Large Cap Fund	46.5%	★★★☆☆	1.08%	+11.46%
Bandhan Aggressive Hybrid Fund Bandhan · Aggressive Hybrid Fund	44.5% of 80% equity	★★★☆☆	0.86%	+13.38%
Mahindra Manulife Focused Fund Mahindra Manulife · Focused Fund	43.3%	★★★★☆	0.91%	+11.10%
ICICI Prudential Aggressive Hybrid Fund ICICI Prudential · Aggressive Hybrid Fund	41.1% of 74% equity	★★★★★	1.07%	+11.95%
Baroda BNP Paribas Large Cap Fund Baroda BNP Paribas · Large Cap Fund	40.3%	★★★★☆	0.88%	+10.03%
Nippon India Index Fund - BSE Sensex Nippon India · Index Funds	40.0%	★★☆☆☆	0.21%	+3.92%
HDFC BSE Sensex Index Fund HDFC · Index Funds	40.0%	★★☆☆☆	0.22%	+3.91%
Tata BSE Sensex Index Fund Tata · Index Funds	40.0%	★★☆☆☆	0.33%	+3.81%

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)

1 holding — 0.30% 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.

Milky Mist Dairy Food LimitedLong-term · Stage IV0.30%

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.

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

HJHarshal JoshiStart date not disclosed

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 →

GSGaurav SatraStart date not disclosed

Role

Deputy Manager – Accountant, Fund Management – Equity

Education

Chartered B.Com

Experience

Mr. Gaurav Satra joined the Bandhan US Equity Fund of Equity Fund Management Fund team of Bandhan AMC in having provision for investment June 2022 and was in overseas securities in equity co-managed designated as the Equity segment. Dealer.Prior to the same, he was associated with various Consultancy Firms as a CA from December 2016 to May 2022. (Total experience – 8.5 years)

Funds managed (21)

All schemes Gaurav Satra runs →

RBRitika BeheraStart date not disclosed

Role

Vice President MBA -Equities

Education

(Finance), Bcom

Experience

Ms. Ritika Behera has joined Bandhan AMC Limited as Vice President – Equity Equities on August 10, 2023 in Equity Investments team. In her role she will be US Equity responsible for research and analysis. Prior to Bandhan AMC Limited, she was associated with Ocean Dial Asset Equity portion management from April 2021 to July 2023 as Analyst. Earlier to this, she was and all other schemes associated with Elara Securities Pvt having Limited from January 2017 to March 2021 and Batlivala & Karani Securities Pvt Ltd from August 2013 to January 2017. (Total experience – 14 years)

Funds managed (21)

All schemes Ritika Behera runs →

MGManish GunwaniStart date not disclosed

Role

Chief Investment Officer- Equity

Education

Post Graduate Diploma in Management IIM, Bangalore B-Tech - IIT, Madras

Experience

Mr. Manish Gunwani joined Bandhan AMC in January 2023 as Head - Equities. - He was earlier associated with Nippon Life India Asset Management Limited as Chief Investment (Equities) from September 2017 to December 2022 and had the overall responsibility of all equity schemes of Nippon Mutual Fund. Prior Innovation Fund - to that, he was associated with ICICI Prudential Asset Management Company Limited from June 2010 to August 2017 as Deputy Chief Investment Officer (Equities) and was the Fund Manager of two flagship equity schemes of ICICI Prudential Mutual Fund. (Total experience – 24 years).

Funds managed (7)

All schemes Manish Gunwani runs →

PPPrateek PoddarStart date not disclosed

Role

Vice President Chartered - Equity

Education

Chartered Accountant, CFA

Experience

Mr. Prateek Poddar joined Bandhan AMC Limited in May 2024 in the Equity Fund Management team. He has a total experience of 13 years in asset management companies. He was earlier associated with Nippon Life India Asset Management as Investment Analyst & Co- Fund Manager from Sept 2018 to April 2024 and with ICICI Prudential AMC from November 2012 to August 2018 as Investment Analyst. (Total experience – 13 years)

Funds managed (3)

All schemes Prateek Poddar runs →

Fund manager, benchmark and dealing terms from 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.

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Fund managers

Harshal Joshi Gaurav Satra Ritika Behera Manish Gunwani Prateek Poddar

Top holdings

HDFC Bank Limited Reliance Industries Limited Sun Pharmaceutical Industries Limited State Bank of India ICICI Bank Limited Grasim Industries Limited Eternal Limited The Indian Hotels Company Limited NTPC Limited Tech Mahindra Limited JSW Steel Limited Bharat Electronics 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.

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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.

About Contra funds

Contra funds take contrarian bets — buying out-of-favour stocks or sectors the market has written off, wagering on a turnaround. The approach can be early and needs time to play out.

Frequently asked questions

What is the NAV of Bandhan Contra Fund?

As of 01 Oct 2026, the NAV of Bandhan Contra Fund is ₹9.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Contra Fund delivered?

Bandhan Contra Fund has returned -3.95% 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 Contra Fund?

Bandhan Contra Fund charges an expense ratio of 2.35% 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 Contra Fund?

Bandhan Contra Fund's largest holdings are HDFC Bank Limited (2.5%), Reliance Industries Limited (2.2%), Sun Pharmaceutical Industries Limited (2.1%), State Bank of India (1.9%) and ICICI Bank Limited (1.7%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Contra Fund?

Bandhan Contra Fund is rated very high on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -4.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Bandhan Contra Fund?

Bandhan Contra Fund is managed by Harshal Joshi, Gaurav Satra, Ritika Behera, Manish Gunwani and Prateek Poddar at Bandhan.

How is Bandhan Contra Fund taxed?

Bandhan Contra 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.