Bandhan Innovation Fund Direct-Growth
Unrated
NAV as of Jun 18, 2025
12.710.06%
- Growth - Direct
(Earn upto 1.55% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.52%(0.72% Category
average)Fund Size:
Rs. 1,512.00 Cr(0.68% of Investment in Category)
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Bandhan Innovation Fund Direct-Growth
Unrated
NAV as of Jun 18, 2025
12.710.06%
Expense Ratio:
0.52%
Fund Size:
Rs. 1,512.00 Cr
Fund Category:
Equity: Thematic
Bandhan Innovation Fund Direct-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Bandhan Innovation Fund - Direct Plan as of Jun 18, 2025 is Rs 12.71 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 18.85% (1yr) and 24.45% (since launch). Whereas, Category returns for the same time duration are: -0.89% (1yr), 22.82% (3yr) and 25.62% (5yr).
3. Fund Size: The Bandhan Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 1512.0 crore as on May 31, 2025.
4. Expense ratio: The expense ratio of the fund is 0.52% for Direct plan as on Jun 12, 2025.
5. Exit Load: Bandhan Innovation Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.50%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the Bandhan Innovation Fund - Direct Plan as of Jun 18, 2025 is Rs 12.71 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 18.85% (1yr) and 24.45% (since launch). Whereas, Category returns for the same time duration are: -0.89% (1yr), 22.82% (3yr) and 25.62% (5yr).
3. Fund Size: The Bandhan Innovation Fund - Direct Plan currently holds Assets under Management worth of Rs 1512.0 crore as on May 31, 2025.
4. Expense ratio: The expense ratio of the fund is 0.52% for Direct plan as on Jun 12, 2025.
5. Exit Load: Bandhan Innovation Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.50%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Bandhan Innovation Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 3.32 13.42 -3.19 17.12 - - Category Avg 1.23 13.60 -1.75 -2.37 24.07 25.48 Rank within Category 16 26 53 2 - - No. of funds within Category 129 124 107 69 30 15 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 500 Total Return Index
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Bandhan Innovation Fund Direct-Growth Fund Details
Investment Objective - The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
| Fund House | Bandhan Mutual Fund |
| Launch Date | Apr 30, 2024 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 23.55% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Bandhan Innovation Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 1,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load Exit load of 0.50%, if redeemed within 30 days. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| MAY 2025 | APR 2025 | MAR 2025 | FEB 2025 | JAN 2025 | DEC 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 76 | 72 | 71 | 71 | 72 | 79 |
| Top 5 Company Holdings | 17.28% | 19.05% | 18.0% | 17.84% | 16.27% | 15.4% |
| Top 10 Company Holdings | 28.29% | 32.56% | 32.25% | 32.29% | 29.55% | 27.48% |
| Company with Highest Exposure | Eternal (4.1%) | Eternal (4.12%) | Astrazeneca Pharma India (4.04%) | Eternal (3.96%) | Eternal (3.49%) | One97 Communications (3.5%) |
| Number of Sectors | 17 | 17 | 17 | 18 | 18 | 18 |
| Top 3 Sector Holdings | 51.86% | 53.04% | 50.43% | 49.74% | 48.06% | 48.12% |
| Top 5 Sector Holdings | 66.35% | 66.66% | 65.04% | 65.06% | 64.25% | 65.33% |
| Sector with Highest Exposure | Services (19.8%) | Services (20.81%) | Services (19.23%) | Services (19.93%) | Healthcare (19.04%) | Services (19.65%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Astrazeneca Pharma India Healthcare 3.91 210.26 46.30 52.59 Eternal Services 3.23 - - - Bajaj Finance Financial 3.11 17.16 53.55 27.04 Bharti Airtel Ltd. - (Partly Paid up Equity Shares (Rights Issue)) Communication 3.01 - - - Info Edge (India) Services 2.34 98.83 14.85 17.56 Syngene International Healthcare 2.31 52.29 12.33 -9.35 Varun Beverages Consumer Staples 2.0 57.02 8.23 -27.70 Aster DM Healthcare Healthcare 2.0 - - - Praj Industries Capital Goods 1.97 54.37 8.98 -28.64 Stove Kraft Consumer Discretionary 1.87 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Innovation Fund Direct-Growth 12.71 Unrated 1,512.00 3.32 17.12 - - Samco Special Opportunities Fund Direct - Growth 8.62 Unrated 161.74 3.36 -17.75 - - SBI Equity Minimum Variance Fund Direct - Growth 24.05 Unrated 216.00 -1.11 0.59 18.93 20.43 Groww Nifty EV & New Age Automotive ETF FoF Direct-Growth 8.87 Unrated 139.42 -1.48 - - - ICICI Prudential Housing Opportunities Fund Direct - Growth 17.72 Unrated 2,452.83 0.45 4.30 23.88 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Bandhan Mutual Fund News
- Indian stock market outperforms global market indices: Bandhan Mutual Fund
- Fund Consistency: 29 equity mutual funds offer more than 25% CAGR over 3 and 5 years
- Bandhan AMC commences GIFT City operations, launches three India focused funds
- NFO Update: Bandhan Mutual Fund launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Fund Manager
- M.G.Manish GunwaniSince Apr 20246 schemes
- B.S.Brijesh ShahSince Apr 20247 schemes
- P.P.Prateek PoddarSince Jun 20242 schemes
Mr. Gunwani is a B.Tech. and PGDM. Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he has worked with Nippon India Mutual Fund, ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Large & Mid Cap Fund Direct-Growth Large & MidCap 152.58 9,106.59 7.60 Bandhan Small Cap Fund Direct-Growth Small Cap 50.39 11,743.70 15.94 Bandhan Focused Fund Direct-Growth Flexi Cap 101.19 1,838.84 10.33 Bandhan Large Cap Fund Direct-Growth Large Cap 86.70 1,862.19 6.16 Bandhan Flexi Cap Fund Direct-Growth Flexi Cap 225.70 7,356.66 5.92 Bandhan Balanced Advantage Fund Direct-Growth Dynamic Asset Allocation 27.68 2,263.27 7.30 Mr. Shah is a Post Graduate Diploma in Finance. Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Overnight Fund Direct-Growth Overnight 1,378.70 800.62 6.45 Bandhan Floating Rate Fund Direct-Growth Floater 13.20 311.97 9.99 Bandhan Liquid Fund Direct Plan-Growth Liquid 3,178.46 13,625.91 7.26 Bandhan Money Manager Fund Direct-Growth Money Market 43.66 10,885.31 8.31 Bandhan Balanced Advantage Fund Direct-Growth Dynamic Asset Allocation 27.68 2,263.27 7.30 Bandhan CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Fund Direct - Growth Target Maturity 10.46 Unrated 10.57 - Bandhan US Treasury Bond 0-1 year FoF Direct-Growth Others 11.62 Unrated 132.79 8.08 Mr. Poddar is a B.Com, CFA, CA Prior joining Bandhan Mutual Fund he has worked with Nippon India Mutual Fund, ICICI Prudential Asset Management Co. - Investment Analyst Equity, Kotak Mahindra Capital Company - Analyst - Investment Banking.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Large Cap Fund Direct-Growth Large Cap 86.70 1,862.19 6.16 Bandhan Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 28.62 903.65 12.83
More Bandhan Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bandhan Corporate Bond Fund Direct-Growth | 15,004.50 | 1.07 | 3.56 | 5.43 | 9.99 | 7.72 | |
| Bandhan Banking & PSU Debt Fund Direct-Growth | 13,560.19 | 0.97 | 3.24 | 5.09 | 9.35 | 7.55 | |
| Bandhan Liquid Fund Direct Plan-Growth | 13,495.68 | 0.51 | 1.77 | 3.58 | 7.32 | 6.96 | |
| Bandhan Money Manager Fund Direct-Growth | 11,254.78 | 0.67 | 2.39 | 4.20 | 8.19 | 7.42 | |
| Bandhan Small Cap Fund Direct-Growth | 10,244.10 | 6.43 | 12.81 | 0.78 | 18.43 | 33.96 | |
| Bandhan Bond Fund Short Term Plan Direct-Growth | 9,815.71 | 1.04 | 3.51 | 5.56 | 10.15 | 8.07 | |
| Bandhan Sterling Value Fund Direct Plan-Growth | 9,773.98 | 4.92 | 8.59 | 2.40 | 7.03 | 22.57 | |
| Bandhan Arbitrage Fund Direct-Growth | 8,656.28 | 0.47 | 1.88 | 3.72 | 7.86 | 7.43 | |
| Bandhan Core Equity Fund Direct-Growth | 8,408.32 | 4.49 | 9.67 | 3.96 | 11.99 | 29.32 | |
| Bandhan Flexi Cap Fund Direct-Growth | 7,178.75 | 5.53 | 9.08 | 5.51 | 10.51 | 20.63 |
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About Bandhan Innovation Fund Direct-Growth
1. Bandhan Innovation Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Apr 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.94% in equities, 0.01% in debts and 1.05% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 24.57% of the assets, the top 3 sectors constitute around 51.86% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bandhan Innovation Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Bandhan Innovation Fund - Direct Plan is Open-ended Thematic Equity scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Apr 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.94% in equities, 0.01% in debts and 1.05% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 24.57% of the assets, the top 3 sectors constitute around 51.86% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bandhan Innovation Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Bandhan Innovation Fund Direct-Growth
- Is it safe to invest in Bandhan Innovation Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Innovation Fund - Direct Plan comes under Very High risk category.
- What is the category of Bandhan Innovation Fund - Direct Plan?Bandhan Innovation Fund - Direct Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Bandhan Innovation Fund - Direct Plan?The suggested investment horizon of investing into Bandhan Innovation Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Innovation Fund - Direct Plan?The Bandhan Innovation Fund - Direct Plan is managed by Manish Gunwani (Since Apr 10, 2024) , Brijesh Shah (Since Apr 10, 2024) and Prateek Poddar (Since Jun 07, 2024).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
