April 1, 2026
RA Jainee
Bandhan Midcap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.38 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 16.37 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 150 MidCap Index |
| AUM Rs. | 2,008 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.65% |
| 1 Year Return (%) | 2.36 |
| 3 Year Return (%) | 18.94 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 14.63% |
⚖️ Sahifund Review – Bandhan Midcap Fund ✔
PLUS: Balanced structure, decent consistency, SIP-friendly approach
✓ Bandhan Midcap Fund has delivered strong 3-year returns of 18.94%, broadly in line with category averages, showing decent consistency in a volatile mid-cap space.
✓ The fund has also outperformed its benchmark on 1-year basis and held relatively better during recent correction phases, indicating reasonable downside control.
✓ Expense ratio at 0.65% is fairly competitive, making it suitable for long-term SIP investing in the mid-cap segment.
✓ The portfolio is well diversified across 82 stocks, with low concentration risk (Top 10 at 27.95%), which helps manage volatility.
✓ Allocation remains largely true to mandate with ~70% mid-cap exposure, while Bandhan Mutual Fund brings stable fund management processes and credibility.
MINUS: Not a category leader, expensive portfolio, moderate momentum
⚖️ Despite decent returns, the fund is not among top-performing mid-cap funds, with peers like HDFC, Nippon India and Edelweiss Midcap delivering stronger long-term alpha.
⚖️ Recent momentum is only average — 1-year return of 2.36%, which is better than benchmark but still not strong enough to indicate leadership.
⚖️ Portfolio valuations appear stretched with P/E of 44.43 and P/B of 6.21, which increases sensitivity to earnings disappointments.
⚖️ While diversification is high, 82-stock portfolio may dilute alpha, making it more of a stable performer rather than an aggressive outperformer.
Sahifund View (Decisive Line):
Bandhan Midcap Fund is a stable and well-structured mid-cap option for SIP investors, but those seeking top-tier alpha may 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?
Mid-cap funds are suitable for investors:
1. Seeking exposure in mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 7+ year investment horizon
4. Who can withstand interim sharp declines in investment value
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of mid cap segment.
Fund Manager:
1) 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.
2) 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) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Bandhan Midcap Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 18-Aug-22 |
| Return Since Launch | 14.63% |
| Benchmark | BSE 150 MidCap Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | 2,008 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.65% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 29.00% |
Bandhan Midcap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Midcap Dir | -10.22 | -2.38 | -9.89 | -10.22 | -9.25 | 2.36 | 18.94 | — | — | — |
| BSE 150 MidCap TRI | -12.93 | -2.51 | -10.78 | -12.93 | -8.95 | -0.15 | 19.61 | — | — | — |
| Equity: Mid Cap | -12.05 | -2.44 | -10.56 | -12.05 | -8.13 | 1.08 | 19.22 | — | — | — |
| Rank within category | 12 | 21 | 13 | 12 | 42 | 22 | 26 | — | — | — |
| Number of funds in category | 57 | 59 | 58 | 57 | 54 | 51 | 40 | 27 | 22 | 19 |
Peer Comparison of Bandhan Midcap 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 Midcap Dir | 3 star | 2.36 | 18.94 | — | 0.65 | 2,008 | 14.63 | 1.00 (365) | 3Y 7M | 29.00 |
| HDFC Mid Cap Dir | 5 star | 4.56 | 22.60 | 20.49 | 0.76 | 94,257 | 19.51 | 1.00 (365) | 13Y 2M | 7.56 |
| Kotak Midcap Dir | 4 star | 4.29 | 19.25 | 17.61 | 0.38 | 61,694 | 19.10 | 1.00 (365) | 13Y 2M | 23.73 |
| Nippon India Growth Mid Cap Dir | 4 star | 3.62 | 23.32 | 20.50 | 0.72 | 43,983 | 17.31 | 1.00 (30) | 13Y 2M | 3.00 |
| Edelweiss Mid Cap Dir | 5 star | 3.77 | 23.45 | 20.18 | 0.46 | 14,355 | 20.43 | 1.00 (90) | 13Y 2M | 40.00 |
Bandhan Midcap Fund Portfolio
| No. of Stocks | 82 |
| Top 10 Stocks | 27.95% |
| Top 5 Stocks | 16.24% |
| Top 3 Sectors | 52.94% |
| Portfolio P/B Ratio | 6.21 |
| Portfolio P/E Ratio | 44.43 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 67,512 | 64,455 |
| Giant (%) | — | — |
| Large (%) | 18.14 | 11.59 |
| Mid (%) | 69.54 | 78.08 |
| Small (%) | 12.32 | 11.26 |
| 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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