February 14, 2024
mayank
Bandhan Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 30.8240
Yearly NAV IDCW: Rs 14.2940
NAV IDCW Quarterly: Rs 13.1530
Monthly NAV IDCW: Rs 15.9680
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Schemes assets in equity and equity related instruments.
Fund Manager:
1) Nemish Sheth
Education: Mr. Sheth is a B.Com, PGDM(FINANCE)
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he has worked with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd.
2) Viraj Kulkarni
Education: Mr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance).
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).
3) Harshal Joshi
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
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, 0.25% will be charged for redemption Within 7 days |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.63% |
| Benchmark | CRISIL Equity Saving |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 98 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.38% |
| (As on 31-Jan-2024) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 24.00% |
Trailing Returns (%) of Bandhan Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Equity Savings Dir | 0.91 | 0.14 | 0.36 | 3.65 | 5.20 | 11.35 | 7.64 | 8.88 | 7.57 | 7.59 |
| VR MIP TRI | 0.99 | 0.25 | 0.51 | 6.67 | 7.61 | 14.30 | 8.63 | 9.71 | 9.20 | 9.64 |
| Hybrid: Equity Savings | 1.31 | 0.19 | 0.49 | 5.40 | 7.85 | 15.82 | 9.70 | 10.52 | 9.32 | 9.92 |
| Rank within category | 18 | 18 | 13 | 18 | 20 | 20 | 20 | 18 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 19 | 14 | 1 |
Peer Comparison of Bandhan Equity Savings Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bandhan Equity Savings Dir | 3 star | 11.35 | 7.64 | 8.88 | 0.38 | 98 | 7.63 | 0.25 (7) | 11Y 1M | 24.00 |
| ICICI Pru Equity Savings Dir | 5 star | 11.12 | 8.46 | 9.27 | 0.50 | 8,774 | 8.62 | 0.25 (7) | 9Y 2M | 49.00 |
| Kotak Equity Savings Dir | 5 star | 19.05 | 12.14 | 11.87 | 0.77 | 4,330 | 10.29 | 1.00 (90) | 9Y 4M | 498.16 |
| SBI Equity Savings Dir | 4 star | 19.93 | 10.28 | 11.66 | 0.67 | 3,897 | 10.04 | 0.10 (15) | 8Y 8M | 475.00 |
| Mirae Asset Equity Savings Dir | 4 star | 17.16 | 10.87 | 12.95 | 0.33 | 868 | 12.59 | 1.00 (365) | 5Y 1M | 511.00 |
Portfolio Analysis of Bandhan Equity Savings Fund
| Number of Stocks | 55 |
| Number of Bonds | 6 |
| Average Maturity (yrs) | 1.23 |
| Top 10 Holdings | 51.47% |
| Portfolio P/B Ratio | 4.36 |
| Portfolio P/E Ratio | 28.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,92,664 | 2,06,377 |
| Giant (%) | 64.27 | 59.72 |
| Large (%) | 35.65 | 22.89 |
| Mid (%) | 0.09 | 12.45 |
| Small (%) | — | 5.72 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 80 | 98 |
| Macaulay Duration (yrs) | 1.15 | 2.09 |
| Average Maturity (yrs) | 1.23 | 2.78 |
| Yield to Maturity (%) | 7.58 | 7.31 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Bandhan Equity Savings Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Equity Savings Fund
Apply Online: https://bandhanmutual.com/mutual-funds
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