March 31, 2026
RA Jainee
Bandhan Focused Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 94.13 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 30.15 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 500 TRI |
| AUM Rs. | 2,018 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.78% |
| 1 Year Return (%) | 0.45 |
| 3 Year Return (%) | 18.55 |
| 5 Year Return (%) | 13.19 |
| 10 Year Return (%) | 14.05 |
| Return Since Launch | 12.38% |
⚖️ Sahifund Review – Bandhan Focused Fund ✔
PLUS: Consistent performance, valuation comfort, diversified conviction portfolio
✓ Bandhan Focused Fund has delivered strong consistency, with 18.55% 3-year returns and 13%+ across 5–10 year periods, outperforming benchmark and category averages.
✓ The fund has also shown better downside control in recent phases, with positive 1-year return (0.45%) versus negative category and benchmark performance.
✓ Expense ratio at 0.78% is reasonable for a focused strategy, while portfolio valuations are relatively attractive with P/E of 17.06 and P/B of 2.43.
✓ With a 29-stock portfolio, the fund maintains a good balance between concentration and diversification, reducing single-stock risk.
✓ The mix across large, mid and small caps makes it a flexible focused fund suitable for long-term SIP investors seeking alpha with control.
MINUS: Not a category leader, moderate churn, momentum not dominant
⚖️ Despite good performance, the fund is not among top-tier performers, with peers like HDFC Focused and Parag Parikh Flexi Cap delivering stronger long-term alpha.
⚖️ Turnover at 54% is moderate-to-high, indicating active repositioning which may increase execution risk.
⚖️ While returns are stable, recent momentum is not aggressive, making it more of a steady compounder rather than a high-alpha play.
⚖️ Exposure to 33% small caps adds volatility, which may not suit conservative investors expecting pure large-cap focused behaviour.
Sahifund View (Decisive Line):
Bandhan Focused Fund is a well-balanced and consistent SIP-worthy option, but investors chasing top-tier alpha may still prefer stronger category leaders.
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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?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme aims to generate capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of upto 30 stocks.
Fund Manager:
1) Kirthi Jain
Education: Mr. Jain has done CA
Experience: Prior to joining Bandhan Mutual Fund, he was associated with Canara HSBC Life Insurance, Sundaram Mutual Fund and B&K Securities
2) 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.
3) Rahul Agarwal
Education: Mr. Agarwal has done B.COM (Hons) from Calcutta University and PGDM from TAPMI
Experience:Prior to joining Bandhan Mutual Fund, he has worked with HSBC Asset Management, L&T Investment Management Ltd, ICICI Prudential Life Insurance Ltd and Copal Amba
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) | 1 |
| 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 Focused Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.38% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 2,018 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.78% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 54.00% |
Bandhan Focused Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Focused Dir | -9.53 | -2.14 | -7.70 | -9.90 | -6.71 | 0.45 | 18.55 | 13.19 | 13.42 | 14.05 |
| BSE 500 TRI | -11.93 | -2.10 | -9.30 | -11.58 | -7.40 | -1.25 | 14.54 | 12.55 | 13.19 | 13.86 |
| Equity: Flexi Cap | -10.84 | -2.02 | -8.73 | -10.72 | -7.34 | -0.51 | 15.61 | 13.12 | 13.40 | 14.11 |
| Rank within category | 23 | 77 | 18 | 36 | 37 | 31 | 15 | 25 | 22 | 19 |
| Number of funds in category | 115 | 120 | 118 | 114 | 109 | 97 | 74 | 58 | 45 | 36 |
Peer Comparison of Bandhan Focused 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 Focused Dir | 3 star | 0.45 | 18.55 | 13.19 | 0.78 | 2,018 | 12.38 | 1.00 (365) | 13Y 2M | 54.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 0.00 | 18.12 | 16.98 | 0.63 | 1,34,253 | 18.28 | 2.00 (365) | 12Y 10M | 15.37 |
| HDFC Flexi Cap Dir | 5 star | 1.23 | 19.90 | 19.50 | 0.70 | 1,00,455 | 15.68 | 1.00 (365) | 13Y 2M | 9.45 |
| SBI Focused Dir | 4 star | 5.71 | 17.47 | 14.15 | 0.73 | 43,311 | 14.84 | 0.25 (30) | 13Y 2M | 33.00 |
| HDFC Focused Dir | 5 star | 0.69 | 19.66 | 21.01 | 0.63 | 27,136 | 14.57 | 1.00 (365) | 13Y 2M | 10.36 |
Bandhan Focused Fund Portfolio
| No. of Stocks | 29 |
| Top 10 Stocks | 53.60% |
| Top 5 Stocks | 33.75% |
| Top 3 Sectors | 65.91% |
| Portfolio P/B Ratio | 2.43 |
| Portfolio P/E Ratio | 17.06 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,05,243 | 1,80,281 |
| Giant (%) | — | — |
| Large (%) | 48.65 | 62.49 |
| Mid (%) | 18.02 | 21.89 |
| Small (%) | 33.33 | 15.99 |
| 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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