April 28, 2026
RA Jainee
Bandhan Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 15.02 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 13.1 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 956 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.70% |
| 1 Year Return (%) | 2.09 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 16.00% |
⚖️ Sahifund Review – Bandhan Financial Services Fund ✔
PLUS:
• Decent since-launch return (~16%) indicating good early positioning
• Focused exposure to financial sector – a core pillar of Indian economy
• Reasonable expense ratio (~0.70%) compared to peers
• Diversified within sector (~49 stocks) reducing single-stock risk
• Balanced mix of large, mid & small financial companies
• Suitable for SIP investors looking to ride long-term BFSI growth
• Backed by evolving but credible Bandhan Mutual Fund
• Banking & financial services remain structurally strong long-term theme
MINUS:
• Weak recent performance with ~2.09% 1-year return, lagging category
• Short track record (~2.5 years) limits long-term reliability
• High sector concentration (~96%) – extremely limited diversification
• Underperformance vs top peers like SBI, Mirae & Invesco funds
• High portfolio concentration (Top 10 ~56%) increases risk
• Elevated turnover (~55%) may impact consistency
• Performance highly dependent on interest rate and credit cycles
• Not suitable for conservative investors due to sector volatility
Sahifund View (Decisive Line):
A high-risk sectoral bet on financials—only suitable for tactical allocation, while long-term investors should prefer diversified equity funds.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:
• They have a narrow focus on only financial services companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
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) Harshvardhan Agrawal
Education: Mr. Agrawal has done BE, MBA and CFA
Experience: Prior to joining Bandhan Mutual Fund, he has worked with Infina Finance Private Ltd, iAlpha Enterprises, Motilal Oswal Financial Services and Aranca India Pvt Ltd.
2) Ritu Modi
Education: Ms. Modi has done B.com and MMS(Finance).
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), she has worked with IIFL Mutual Fund, LIC Mutual Fund, she has worked with Ambit Capital as Research Analyst.
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 of Bandhan Financial Services Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 28-Jul-23 |
| Return Since Launch | 16.00% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 956 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.70% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 55.00% |
Bandhan Financial Services Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Financial Services Dir | -6.13 | -0.56 | 8.02 | -2.89 | -4.43 | 2.09 | — | — | — | — |
| BSE Bankex TRI | -4.93 | -1.46 | 9.75 | -3.64 | -3.25 | 1.32 | — | — | — | — |
| Equity: Sectoral-Banking | -3.96 | -0.51 | 7.90 | -1.61 | -1.49 | 6.07 | — | — | — | — |
| Rank within category | 35 | 30 | 17 | 28 | 32 | 31 | — | — | — | — |
| Number of funds in category | 40 | 45 | 44 | 40 | 39 | 37 | 19 | 13 | 11 | 11 |
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 | 2.09 | — | — | 0.70 | 956 | 16.00 | 0.50 (30) | 2Y 8M | 55.00 |
| SBI Banking & Financial Services Dir | 4 star | 8.10 | 20.19 | 16.14 | 0.74 | 9,380 | 15.27 | 0.50 (30) | 11Y 1M | 89.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 3.41 | 17.59 | 18.73 | 0.97 | 6,721 | 13.90 | 1.00 (30) | 13Y 3M | 24.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 7.74 | 18.00 | 16.52 | 0.61 | 1,975 | 16.75 | 1.00 (365) | 5Y 4M | 38.00 |
| Invesco India Financial Services Dir | 5 star | 10.35 | 22.01 | 18.64 | 0.81 | 1,480 | 15.86 | 1.00 (365) | 13Y 3M | 26.00 |
Bandhan Financial Services Fund Portfolio
| No. of Stocks | 49 |
| Top 10 Stocks | 56.26% |
| Top 5 Stocks | 43.52% |
| Top 3 Sectors | 96.42% |
| Portfolio P/B Ratio | 2.15 |
| Portfolio P/E Ratio | 17.18 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,72,071 | 2,58,648 |
| Giant (%) | — | — |
| Large (%) | 62.03 | 72.76 |
| Mid (%) | 18.32 | 20.08 |
| Small (%) | 19.65 | 10.33 |
| Tiny (%) | — | — |
Apply Online: https://bandhanmutual.com/mutual-funds OR
https://partners.bandhanmutual.com/partners OR https://partners.bandhanmutual.com/investor/quick-transact
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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