March 24, 2026
RA Jainee
Bandhan Multi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.78 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 15.78 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 2,851 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.58% |
| 1 Year Return (%) | 2.83 |
| 3 Year Return (%) | 16.88 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 12.80% |
⚖️ Sahifund Review – Bandhan Multi Cap Fund ✔
PLUS: Stability, track record, cost efficiency
Bandhan Multi Cap Fund stands out as a balanced and reasonably diversified multi-cap option for investors who want one fund to capture large-cap stability along with mid- and small-cap growth. The biggest positive here is its low expense ratio of 0.58%, which is attractive for a multi-cap fund and helps long-term compounding. The portfolio is spread across 105 stocks, reducing stock-specific risk and making the scheme suitable for SIP-based investing. Its 3-year return of 16.88% is respectable and slightly ahead of the benchmark, showing that the fund has delivered decent market participation. The fund also maintains a healthy mix across market caps, which supports diversified wealth creation over a full cycle.
MINUS: Large AUM, large-cap bias, momentum lag
That said, the fund is still not among the top-performing multi-cap schemes in the category and appears to be more of a steady performer than a standout alpha creator. Its 1-year return of 2.83% is only average and still trails stronger peers like Kotak and Nippon India Multi Cap. The portfolio has a relatively high large-cap tilt at 46.86%, which may reduce upside in a strong mid- and small-cap bull phase. Since the fund is still relatively young, it does not yet carry a long 5- or 10-year performance history, which matters for investors seeking proven long-cycle consistency. In short, this is a safer multi-cap choice, but not a category leader at this stage.
Sahifund View (Decisive Line):
A sensible SIP-friendly multi-cap fund for conservative equity investors, but aggressive return-seekers may find stronger alternatives in the category.
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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?
Multi-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 seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap, small cap stocks.
Fund Manager:
1) Daylynn Gerard Paul Pinto
Education: Mr. Pinto is a B.Com (H) and PGDM.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with UTI AMC (Jul 2006-Sep 2016) as fund manager.
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 Multi Cap Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 02-Dec-21 |
| Return Since Launch | 12.80% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,851 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.58% |
| (As on 28-Feb-2026) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 47.00% |
Bandhan Multi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Multi Cap Dir | -10.11 | 0.52 | -8.32 | -9.40 | -9.26 | 2.83 | 16.88 | — | — | — |
| VR Multicap TRI | -11.37 | -2.99 | -8.59 | -10.65 | -11.33 | 1.80 | 16.32 | — | — | — |
| Equity: Multi Cap | -9.66 | 0.42 | -8.03 | -9.20 | -9.99 | 2.97 | 18.63 | — | — | — |
| Rank within category | 24 | 15 | 21 | 23 | 13 | 20 | 13 | — | — | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 35 | 19 | 8 | 0 | 0 |
Peer Comparison of Bandhan Multi Cap 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 Multi Cap Dir | 3 star | 2.83 | 16.88 | — | 0.58 | 2,851 | 12.80 | 1.00 (365) | 4Y 3M | 47.00 |
| Nippon India Multi Cap Dir | 5 star | 4.59 | 20.95 | 20.48 | 0.71 | 50,820 | 15.56 | 1.00 (365) | 13Y 2M | 26.00 |
| Kotak Multicap Dir | 5 star | 9.73 | 23.51 | — | 0.45 | 23,886 | 15.97 | 1.00 (365) | 4Y 5M | 50.35 |
| HDFC Multi Cap Dir | 4 star | 1.66 | 18.48 | — | 0.79 | 19,528 | 14.72 | 1.00 (365) | 4Y 3M | 35.32 |
| ICICI Pru Multicap Dir | 4 star | 3.19 | 19.43 | 16.54 | 0.94 | 16,315 | 15.50 | 1.00 (365) | 13Y 2M | 94.00 |
Bandhan Multi Cap Fund Portfolio
| No. of Stocks | 105 |
| Top 10 Stocks | 25.97% |
| Top 5 Stocks | 17.49% |
| Top 3 Sectors | 53.52% |
| Portfolio P/B Ratio | 3.28 |
| Portfolio P/E Ratio | 28.27 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,01,444 | 92,813 |
| Giant (%) | — | — |
| Large (%) | 46.86 | 42.29 |
| Mid (%) | 26.67 | 28.30 |
| Small (%) | 26.47 | 29.41 |
| 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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