February 13, 2024
mayank
Bandhan Bond Fund Income Plan details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 64.0644
Yearly NAV IDCW: Rs 16.6364
NAV IDCW Quarterly: Rs 12.6273
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over long term such that the Macaulay duration of the portfolio is greater than 7 years.
Fund Manager:
1) Suyash Choudhary
Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 365 days |
Basic Details of Bandhan Bond Fund Income Plan
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.86% |
| Benchmark | NIFTY Medium to Long Duration Debt Index A-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 494 Cr |
| (As on 31-Jan-2024) | |
| Expense | 1.33% |
| (As on 31-Dec-2023) | |
| Risk Grade | High |
| Return Grade | Low |
Trailing Returns (%) of Bandhan Bond Fund Income Plan
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Bond Income Dir | 1.78 | 0.07 | 1.50 | 3.50 | 4.08 | 7.86 | 4.38 | 7.02 | 6.59 | 8.10 |
| VR Bond | 1.65 | 0.02 | 1.37 | 2.95 | 4.22 | 7.87 | 5.03 | 5.83 | 5.85 | 6.80 |
| Debt: Medium to Long Duration | 1.44 | 0.10 | 1.22 | 2.99 | 3.99 | 8.22 | 5.62 | 6.89 | 6.44 | 7.83 |
| Rank within category | 1 | 13 | 2 | 1 | 5 | 10 | 13 | 8 | 8 | 7 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Peer Comparison of Bandhan Bond Fund Income Plan
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan Bond Income Dir | 1 star | 7.86 | 4.38 | 7.02 | 1.33 | 494 | 7.86 | 1.00 (365) | 11Y 1M |
| ICICI Pru Bond Dir | 4 star | 8.74 | 5.87 | 7.82 | 0.60 | 2,951 | 8.09 | — | 11Y 1M |
| SBI Magnum Income Dir | 4 star | 8.60 | 5.94 | 8.26 | 0.81 | 1,713 | 8.15 | 1.00 (365) | 11Y 1M |
| Kotak Bond Dir | 3 star | 9.06 | 5.70 | 8.06 | 0.64 | 1,800 | 7.77 | — | 11Y 1M |
| ABSL Income Dir | 3 star | 7.73 | 5.69 | 7.72 | 0.69 | 1,771 | 7.89 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 13 | 17 |
| Macaulay Duration (yrs) | 7.02 | 6.47 |
| Average Maturity (yrs) | 11.31 | 10.03 |
| Yield to Maturity (%) | 7.47 | 7.41 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Bond Fund Income Plan?
Chanakya’s Mutual Fund Guidance For Bandhan Bond Fund Income Plan
Apply Online: https://bandhanmutual.com/mutual-funds
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https://sahifund.com/category/nfos/
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-absl-income-fund/