Bandhan Innovation Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Generated +16.0% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 2.25% is lower than category median (2.52%).
- Limited historical track record under 3 years; long-term cycle performance is still evolving.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +4.47% | +6.32% | -1.85% |
| 3 Months | +1.97% | -0.20% | +2.17% |
| 6 Months | +16.06% | +5.98% | +10.08% |
| 1 Year | +17.78% | +3.90% | +13.88% |
| Since Inception | +19.63% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +19.07% | +4.03% | +15.04% |
| 2025 | +3.25% | +1.43% | +1.82% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -0.18% | +12.00% | +12.28% | +28.15% | 99.2% | 89.7% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2025-01-02 | 2025-02-28 | -19.9% | 2 months | 6 months |
| 2025-10-29 | 2026-03-31 | -14.9% | 5 months | 1 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & equity related instruments following innovation theme | 80% -100% Equity & Equity related securities other than above: 0% - 20% Money Market and other liquid instruments# : 0% - 20% Units issued by InvITs: 0% - 20% Mutual Fund Units (Overnight Fund, Money Market Fund & Liquid Fund): 0% - 20% |
Investment Objective & Strategy
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 3,469 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as stretched relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Invesco India Manufacturing Fund | 7.2 | - | 2.53% | 89.5% | Rs 766 cr | Compare → |
| Invesco India Business Cycle Fund | 7.7 | - | 2.26% | 99.5% | Rs 1,551 cr | Compare → |
| Motilal Oswal Special Opportunities Fund | 8.7 | - | - | 64.3% | Rs 131 cr | Compare → |
| HDFC INNOVATION FUND | 8.5 | - | 2.08% | 68.4% | Rs 3,384 cr | Compare → |
| Baroda BNP Paribas Health and Wellness Fund | 7.2 | - | 2.70% | 45.9% | Rs 495 cr | Compare → |
Frequently Asked Questions about Bandhan Innovation Fund
What is the expense ratio of Bandhan Innovation Fund?
Bandhan Innovation Fund has a total expense ratio (TER) of 2.25% with a base expense ratio of 1.65%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Bandhan Innovation Fund?
Bandhan Innovation Fund is managed by Manish Gunwani (tenure: 2.4 years since 2024-06-07).
What are the historical returns of Bandhan Innovation Fund?
Bandhan Innovation Fund has a 1-year return of +17.78%.
How large is Bandhan Innovation Fund?
Bandhan Innovation Fund manages assets of Rs 3,469 cr, placing it in the 'stretched' size band relative to Sectoral / Thematic peers.
How is Bandhan Innovation Fund scored on MFIQ?
Bandhan Innovation Fund holds an MFIQ Score of 7.9/10 (Good), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Bandhan Innovation Fund?
Bandhan Innovation Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.55% with a maximum historical drawdown of -19.88%.