February 14, 2024
mayank
Bandhan Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.0030
NAV IDCW: Rs 12.0010
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services
Fund Manager:
1) Manish Gunwani
Education: Mr. Gunwani is a B.Tech. and PGDM.
Experience: 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.
2) Sumit Agrawal
Education: Mr.Agrawal is a B.Com, ACS, CFA (USA)and PGDM (Finance).
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he was associated with Mirae Asset Mutual Fund (Nov 2010-Sep 2016) as Fund Manager-Equities, Axis Capital (erstwhile ENAM Securities) (Feb 2008-Nov 2010) as VP-Research Analyst and JP Morgan India Services Pvt. Ltd. (Jun 2006-Feb 2008) as TL-Investment Banking.
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) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption Within 30 days |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 28-Jul-23 |
| Return Since Launch | 20.03% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 725 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.59% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Bandhan Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Financial Services Dir | 2.65 | 1.06 | 1.27 | 13.56 | 21.30 | — | — | — | — | — |
| S&P BSE Bankex TRI | -4.90 | 1.44 | -3.87 | 4.15 | 4.25 | — | — | — | — | — |
| Equity: Sectoral-Banking | -1.17 | 1.13 | -2.05 | 7.88 | 11.74 | — | — | — | — | — |
| Rank within category | 2 | 17 | 2 | 2 | 3 | — | — | — | — | — |
| Number of funds in category | 23 | 25 | 23 | 22 | 21 | 18 | 13 | 11 | 11 | 8 |
Peer Comparison of Bandhan Financial Services 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 Financial Services Dir | Unrated | — | — | — | 0.59 | 725 | 20.03 | 0.50 (30) | 6M | — |
| Nippon India Banking & Financial Srvices Dir | 4 star | 28.70 | 18.59 | 15.93 | 1.13 | 5,177 | 14.25 | 1.00 (30) | 11Y 1M | 27.00 |
| Tata Banking & Fin Srvcs Dir | 4 star | 23.53 | 12.51 | 16.85 | 0.51 | 1,949 | 18.05 | 0.25 (30) | 8Y 1M | 22.68 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 25.91 | 13.66 | — | 0.60 | 1,599 | 18.61 | 1.00 (365) | 3Y 2M | 26.00 |
| Sundaram Fin Srvices Opp Dir | 5 star | 36.27 | 17.28 | 19.92 | 0.79 | 1,142 | 14.37 | 1.00 (365) | 11Y 1M | 75.00 |
Portfolio Analysis of Bandhan Financial Services Fund
| No. of Stocks | 40 |
| Top 10 Stocks | 56.14% |
| Top 5 Stocks | 38.37% |
| Top 3 Sectors | 96.69% |
| Portfolio P/B Ratio | 2.48 |
| Portfolio P/E Ratio | 15.49 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,18,937 | 2,79,566 |
| Giant (%) | 47.07 | 63.03 |
| Large (%) | 20.81 | 21.38 |
| Mid (%) | 21.45 | 12.44 |
| Small (%) | 10.67 | 6.31 |
| Tiny (%) | — | — |
How to Invest in Bandhan Financial Services Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://bandhanmutual.com/mutual-funds
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-banking-financial-services-fund/