December 30, 2025
RA Jainee
Bandhan Small Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 50.92 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 37.74 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 250 SmallCap TRI |
| AUM Rs. | 18,174 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.42% |
| 1 Year Return (%) | 0.65 |
| 3 Year Return (%) | 32.12 |
| 5 Year Return (%) | 27.76 |
| 10 Year Return (%) | — |
| Return Since Launch | 32.16% |
⚖️ Sahifund Review – Bandhan Small Cap Fund (✓)
✓ PLUS: Stability, track record, cost efficiency
Bandhan Small Cap Fund has delivered exceptional long-term performance, with 3-year and 5-year returns among the best in the small-cap category. Low expense ratio of 0.42% significantly enhances compounding over long holding periods. The fund follows a value-oriented, bottom-up approach, which has worked well across cycles. Highly diversified portfolio with 230+ stocks reduces single-stock risk. Fund managers have shown strong stock-picking capability in small and emerging businesses. SIP investors benefit from disciplined exposure to the small-cap universe.
⚖️ MINUS: Large AUM, higher volatility, near-term momentum lag
With AUM above Rs. 18,000 Cr, agility in micro and small-cap names could be constrained going forward. Short-term returns (1 year) have been muted, reflecting small-cap consolidation. Portfolio volatility remains very high, unsuitable for impatient investors. Returns can underperform sharply during market corrections. Not ideal for lump-sum investors timing market peaks.
Sahifund Verdict:
A top-tier small-cap SIP fund for investors with strong risk appetite and 7+ year horizon—stick through cycles to unlock its full potential.
👉 Apply Online | Ask Us MF Queries |
| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in smaller companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap segment.
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.
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 | 1% for redemption within 365 days |
Basic Details of Bandhan Small Cap Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 25-Feb-20 |
| Return Since Launch | 32.16% |
| Benchmark | BSE 250 SmallCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 18,174 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.42% |
| (As on 30-Nov-2025) | |
| Risk Grade | Above Average |
| Return Grade | High |
| Turnover | 25.00% |
Trailing Returns (%) of Bandhan Small Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Small Cap Dir | 0.21 | -0.24 | -1.72 | 1.27 | -0.10 | 0.65 | 32.12 | 27.76 | — | — |
| BSE 250 SmallCap TRI | -5.42 | -0.30 | -1.48 | -0.24 | -4.49 | -4.95 | 21.28 | 22.94 | — | — |
| Equity: Small Cap | -4.56 | -0.26 | -1.84 | 0.20 | -2.82 | -4.33 | 21.77 | 24.62 | — | — |
| Rank within category | 5 | 30 | 29 | 16 | 9 | 6 | 1 | 3 | — | — |
| Number of funds in category | 43 | 52 | 49 | 49 | 46 | 43 | 31 | 24 | 16 | 12 |
Peer Comparison of Bandhan Small 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 Small Cap Dir | 5 star | 0.65 | 32.12 | 27.76 | 0.42 | 18,174 | 32.16 | 1.00 (365) | 5Y 10M | 25.00 |
| Nippon India Small Cap Dir | 4 star | -4.03 | 23.20 | 28.67 | 0.63 | 68,572 | 24.34 | 1.00 (365) | 12Y 11M | 12.00 |
| HDFC Small Cap Dir | 4 star | 0.65 | 22.34 | 26.15 | 0.67 | 38,020 | 19.31 | 1.00 (365) | 12Y 11M | 9.49 |
| Quant Small Cap Dir | 4 star | -1.74 | 22.94 | 31.16 | 0.75 | 30,170 | 17.41 | 1.00 (365) | 12Y 11M | 151.00 |
| Franklin India Small Cap Dir | 4 star | -6.99 | 21.60 | 24.38 | 0.92 | 13,529 | 20.18 | 1.00 (365) | 12Y 11M | 25.46 |
Portfolio Analysis of Bandhan Small Cap Fund
| No. of Stocks | 232 |
| Top 10 Stocks | 18.79% |
| Top 5 Stocks | 11.93% |
| Top 3 Sectors | 46.24% |
| Portfolio P/B Ratio | 2.25 |
| Portfolio P/E Ratio | 18.53 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 14,956 | 19,653 |
| Giant (%) | 4.11 | 6.73 |
| Large (%) | 8.18 | 6.19 |
| Mid (%) | 39.07 | 64.67 |
| Small (%) | 48.45 | 29.82 |
| Tiny (%) | 0.19 | 0.33 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://bandhanmutual.com/mutual-funds OR
https://partners.bandhanmutual.com/partners OR https://partners.bandhanmutual.com/investor/quick-transact
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