April 1, 2026
RA Jainee
Bandhan Innovation Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 11.99 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 11.25 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,994 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.65% |
| 1 Year Return (%) | 3.68 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 9.98% |
⚖️ Sahifund Review – Bandhan Innovation Fund ✔
PLUS: Good start, broad innovation basket, SIP-friendly theme
✓ Bandhan Innovation Fund has made a promising early start, delivering 3.68% 1-year return, which is comfortably ahead of both benchmark and category average.
✓ The fund is well diversified across 71 stocks, which is a positive for a thematic strategy and reduces single-stock dependency.
✓ Portfolio mix across large-cap, mid-cap and small-cap gives it a broader innovation exposure rather than a narrow tech-only approach.
✓ Expense ratio at 0.65% is reasonable for an actively managed thematic fund, making it more suitable for small SIP-based participation.
✓ Bandhan Mutual Fund and an experienced multi-manager setup add some credibility to a category where stock selection matters heavily.
MINUS: Very new fund, high turnover, rich valuation risk
⚖️ The biggest limitation is that the fund is still very new, with less than 2 years of history, so there is no meaningful long-term consistency data yet.
⚖️ Turnover is very high at 90%, which suggests aggressive churn and raises execution risk in a volatile thematic portfolio.
⚖️ The portfolio also looks expensive with P/E of 38.23 and P/B of 5.01, which means returns can be very sensitive to growth disappointments.
⚖️ Since this is an innovation theme fund, volatility risk is naturally high and it should not be treated as a core diversified equity holding.
Sahifund View (Decisive Line):
Bandhan Innovation Fund is an interesting high-risk thematic SIP candidate, but investors should treat it only as a satellite allocation and not as a core portfolio fund.
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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?
Innovation funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on innovation theme 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 seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
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) Prateek Poddar
Education: Mr. Poddar is a B.Com, CFA, CA
Experience: Prior joining Bandhan Mutual Fund he has worked with Nippon India Mutual Fund, ICICI Prudential Asset Management Co. – Investment Analyst Equity, Kotak Mahindra Capital Company – Analyst – Investment Banking.
3) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
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) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details of Bandhan Innovation Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 30-Apr-24 |
| Return Since Launch | 9.98% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | 1,994 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.65% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 90.00% |
Bandhan Innovation Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Innovation Dir | -12.06 | -2.20 | -9.74 | -12.06 | -9.07 | 3.68 | — | — | — | — |
| BSE 500 TRI | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | -3.11 | — | — | — | — |
| Equity: Thematic-Innovation | -14.05 | -2.30 | -8.59 | -14.05 | -12.18 | -1.31 | — | — | — | — |
| Rank within category | 3 | 5 | 11 | 3 | 3 | 2 | — | — | — | — |
| Number of funds in category | 11 | 12 | 12 | 11 | 11 | 10 | 1 | 1 | 0 | 0 |
Peer Comparison of Bandhan Innovation 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 Innovation Dir | Unrated | 3.68 | — | — | 0.65 | 1,994 | 9.98 | 0.50 (30) | 1Y 11M | 90.00 |
| ICICI Pru Innovation Dir | Unrated | 0.06 | — | — | 0.74 | 7,487 | 20.12 | 1.00 (365) | 2Y 11M | 123.00 |
| SBI Innovative Opportunities Dir | Unrated | -5.77 | — | — | 0.90 | 4,969 | -11.09 | 1.00 (30) | 1Y 7M | 37.00 |
| Kotak Pioneer Dir | Unrated | 7.53 | 20.12 | 15.51 | 0.48 | 3,318 | 19.86 | 0.50 (90) | 6Y 5M | 10.52 |
| Nippon India Innovation Dir | Unrated | -1.96 | — | — | 0.66 | 2,755 | 9.49 | 1.00 (365) | 2Y 7M | 47.00 |
Bandhan Innovation Fund Portfolio
| No. of Stocks | 71 |
| Top 10 Stocks | 31.84% |
| Top 5 Stocks | 19.79% |
| Top 3 Sectors | 49.33% |
| Portfolio P/B Ratio | 5.01 |
| Portfolio P/E Ratio | 38.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 63,765 | 76,772 |
| Giant (%) | — | — |
| Large (%) | 37.91 | 34.29 |
| Mid (%) | 22.32 | 28.97 |
| Small (%) | 39.77 | 36.73 |
| 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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