Bandhan Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹15.23+0.54%1 day
- Return since launch
- 13.4%
- 52-week range
- ₹12.83 — ₹15.57
- AUM
- ₹1,046 Cr
Bandhan Financial Services Fund is a Sectoral-Banking equity fund from Bandhan Mutual Fund with ₹1,046 Cr under management, launched in 2023. Over three years it has returned 7.4% a year, against 12.3% for its category. The expense ratio is 2.50% and the SEBI riskometer reading is Very High.
Performance
Bandhan Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.3% against +2.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.5% | +3.3 pts | 2.2% | 6.9% |
| 2Y | 5.5% | −1.6 pts | 7.1% | 7.4% |
| 3Y | 7.4% | −4.9 pts | 12.3% | 8.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.1% | −1.0 pts | 7.1% | 7.0% |
| 3M | 0.6% | −0.5 pts | 1.1% | 2.1% |
| 6M | 5.6% | −0.5 pts | 6.1% | 6.7% |
| 1Y | 0.4% | −1.9 pts | 2.2% | 2.0% |
| 2Y | 5.3% | −2.0 pts | 7.3% | 6.9% |
| 3Y | 13.5% | +1.1 pts | 12.3% | 11.3% |
Since launch (10 Jul 2023): 13.4%
Calendar-year returns
Category average18.4%
11.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 11.7% | −6.8 pts | 18.6% |
| 2024 | 18.4% | +6.5 pts | 12.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.46%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.90%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.48%
- Exit load
- Exit load of 0.5%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 2.10 | 4.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.99 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.37 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.51 | 0.64 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.82 | 17.05 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Financial Services Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.6%
- Debt0.0%
- Other1.4%
Market cap split
- Large59.8%
- Mid18.8%
- Small21.4%
- P/E
- 17.10
- P/B
- 2.17
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 14.35% | ₹150 Cr | +13.97% | +14.28% | +13.77% |
| HDFC Bank Ltd. | Financial | 11.98% | ₹125 Cr | +12.97% | +15.74% | +19.64% |
| Kotak Mahindra Bank Ltd. | Financial | 5.76% | ₹60.32 Cr | +5.09% | +5.01% | +4.23% |
| Axis Bank Ltd. | Financial | 4.76% | ₹49.83 Cr | +4.96% | +4.52% | +6.60% |
| Bajaj Finance Ltd. | Financial | 4.46% | ₹46.68 Cr | +4.08% | +3.36% | +4.05% |
| State Bank of India | Financial | 3.94% | ₹41.20 Cr | +4.45% | +3.97% | +2.29% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.07% | ₹32.17 Cr | +2.77% | +2.26% | +3.80% |
| One 97 Communications Ltd. | Services | 2.27% | ₹23.72 Cr | +2.03% | +2.15% | +1.95% |
| Shriram Finance Ltd | Financial | 2.12% | ₹22.15 Cr | +2.22% | +2.50% | +0.91% |
| Max Financial Services Ltd. | Financial | 2.07% | ₹21.70 Cr | +2.23% | +2.47% | +2.97% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.91% | ₹19.96 Cr | +1.47% | +1.19% | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.87% | ₹19.61 Cr | +1.69% | +1.53% | +1.28% |
| City Union Bank Ltd. | Financial | 1.83% | ₹19.10 Cr | +1.76% | +1.45% | +1.26% |
| IDFC First Bank Ltd. | Financial | 1.67% | ₹17.48 Cr | +1.54% | +1.38% | +1.51% |
| LIC Housing Finance Ltd. | Financial | 1.60% | ₹16.78 Cr | +1.95% | +1.98% | +1.87% |
| HDFC Asset Management Company Ltd. | Financial | 1.49% | ₹15.57 Cr | +1.05% | +0.93% | — |
| Others | Others | 1.42% | ₹15.00 Cr | +0.90% | +1.05% | +0.95% |
| Aavas Financiers Ltd. | Financial | 1.42% | ₹14.84 Cr | +1.36% | +1.00% | — |
| RBL Bank Ltd. | Financial | 1.40% | ₹14.61 Cr | +1.68% | +1.60% | +1.89% |
| Poonawalla Fincorp Ltd. | Financial | 1.32% | ₹13.80 Cr | +1.34% | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 1.31% | ₹13.67 Cr | +1.33% | +1.20% | +1.40% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.30% | ₹13.58 Cr | +1.25% | +1.32% | +1.40% |
| DCB Bank Ltd. | Financial | 1.27% | ₹13.27 Cr | +1.05% | +0.88% | +0.76% |
| Angel One Ltd. | Financial | 1.22% | ₹12.73 Cr | +1.33% | +1.14% | +0.65% |
| Muthoot Finance Ltd. | Financial | 1.20% | ₹12.52 Cr | +1.16% | +0.93% | +0.73% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.13% | ₹11.79 Cr | +0.74% | +1.73% | +0.96% |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.12% | ₹11.67 Cr | +1.13% | +1.01% | — |
| Yes Bank Ltd. | Financial | 1.11% | ₹11.65 Cr | — | — | — |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.09% | ₹11.44 Cr | +0.85% | — | — |
| Can Fin Homes Ltd. | Financial | 1.07% | ₹11.22 Cr | +1.15% | +1.37% | +1.31% |
| Fusion Finance Ltd. | Financial | 1.07% | ₹11.16 Cr | +1.06% | +0.99% | +1.10% |
| Piramal Finance Ltd. | Financial | 1.06% | ₹11.11 Cr | — | — | — |
| Nuvama Wealth Management Ltd. | Financial | 1.05% | ₹10.99 Cr | +0.94% | +0.78% | +0.61% |
| ICICI Life Insurance Ltd. | Insurance | 0.99% | ₹10.31 Cr | +1.02% | +1.22% | +1.31% |
| Life Insurance Corporation of India | Insurance | 0.94% | ₹9.88 Cr | — | — | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 0.92% | ₹9.62 Cr | +0.66% | +1.02% | — |
| Aadhar Housing Finance Ltd | Financial | 0.86% | ₹8.95 Cr | +0.93% | +0.91% | +1.21% |
| The Karnataka Bank Ltd. | Financial | 0.84% | ₹8.83 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 0.81% | ₹8.48 Cr | +0.87% | +1.12% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.72% | ₹7.54 Cr | +0.88% | +0.76% | +0.98% |
| Bajaj Finserv Ltd. | Financial | 0.71% | ₹7.47 Cr | +0.53% | +0.49% | +0.69% |
| BSE Ltd. | Services | 0.70% | ₹7.36 Cr | +1.09% | +0.93% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.70% | ₹7.37 Cr | +0.50% | +1.00% | — |
| 360 One Wam Ltd. | Financial | 0.69% | ₹7.27 Cr | +0.41% | — | — |
| HDB Financial Services Ltd. | Financial | 0.60% | ₹6.23 Cr | — | — | +1.27% |
| SBI Life Insurance Company Ltd. | Insurance | 0.55% | ₹5.77 Cr | +0.54% | +1.22% | +1.51% |
| IIFL Finance Ltd. | Financial | 0.49% | ₹5.08 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 0.46% | ₹4.81 Cr | — | — | — |
| UTI Asset Management Company Ltd. | Financial | 0.46% | ₹4.85 Cr | — | — | +0.96% |
| Pine Labs Ltd. | Financial | 0.44% | ₹4.63 Cr | +0.47% | +0.84% | — |
| Five-Star Business Finance Ltd. | Financial | 0.41% | ₹4.34 Cr | +0.43% | — | — |
| PB Fintech Ltd. | Services | 0.38% | ₹3.97 Cr | +0.74% | +0.90% | +2.05% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 0.37% | ₹3.87 Cr | +1.18% | +1.24% | +1.19% |
| L&T Finance Ltd. | Financial | 0.29% | ₹3.05 Cr | +0.47% | +0.54% | — |
| Karur Vysya Bank Ltd. | Financial | 0.25% | ₹2.59 Cr | — | — | — |
| MAS Financial Services Ltd. | Financial | 0.22% | ₹2.29 Cr | — | — | — |
| SBI Cards And Payment Services Ltd. | Financial | 0.22% | ₹2.31 Cr | +0.73% | +0.85% | +0.94% |
| Turtlemint Fintech Solutions Ltd. | Financial | 0.18% | ₹1.86 Cr | +0.49% | — | — |
| Spandana Sphoorty Financial Ltd. | Financial | 0.07% | ₹0.71 Cr | +0.34% | — | — |
| CreditAccess Grameen Ltd. | Financial | 0.02% | ₹0.16 Cr | — | +0.42% | +0.81% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 10.23% | 11.98% | +1.75% |
| OnEMI Technology Solutions Ltd. | 0.78% | 0.00% | -0.78% |
| Aditya Birla Capital Ltd. | 0.62% | 0.00% | -0.62% |
| IIFL Finance Ltd. | 0.00% | 0.49% | +0.49% |
| PB Fintech Ltd. | 0.76% | 0.38% | -0.38% |
| ICICI Bank Ltd. | 14.72% | 14.35% | -0.37% |
| Spandana Sphoorty Financial Ltd. | 0.39% | 0.07% | -0.32% |
| L&T Finance Ltd. | 0.00% | 0.29% | +0.29% |
| SBI Cards And Payment Services Ltd. | 0.00% | 0.22% | +0.22% |
| LIC Housing Finance Ltd. | 1.82% | 1.60% | -0.22% |
| Aavas Financiers Ltd. | 1.21% | 1.42% | +0.21% |
| BSE Ltd. | 0.90% | 0.70% | -0.20% |
| Max Financial Services Ltd. | 2.24% | 2.07% | -0.17% |
| RBL Bank Ltd. | 1.57% | 1.40% | -0.17% |
| Star Health and Allied Insurance Company Ltd. | 0.54% | 0.37% | -0.17% |
| Kotak Mahindra Bank Ltd. | 5.59% | 5.76% | +0.17% |
| 360 One Wam Ltd. | 0.55% | 0.69% | +0.14% |
| Ujjivan Small Finance Bank Ltd. | 0.99% | 1.13% | +0.14% |
| Turtlemint Fintech Solutions Ltd. | 0.31% | 0.18% | -0.13% |
| Bajaj Finance Ltd. | 4.33% | 4.46% | +0.13% |
| One 97 Communications Ltd. | 2.39% | 2.27% | -0.12% |
| ICICI Lombard General Insurance Company Ltd. | 1.19% | 1.30% | +0.11% |
| Shriram Finance Ltd | 2.23% | 2.12% | -0.11% |
| Karur Vysya Bank Ltd. | 0.15% | 0.25% | +0.10% |
| Muthoot Finance Ltd. | 1.10% | 1.20% | +0.10% |
| Pine Labs Ltd. | 0.53% | 0.44% | -0.09% |
| The Karnataka Bank Ltd. | 0.75% | 0.84% | +0.09% |
| Cholamandalam Investment and Finance Company Ltd. | 3.15% | 3.07% | -0.08% |
| ICICI Life Insurance Ltd. | 1.07% | 0.99% | -0.08% |
| ICICI Prudential Asset Management Company Ltd. | 0.84% | 0.92% | +0.08% |
| HDB Financial Services Ltd. | 0.52% | 0.60% | +0.08% |
| Multi Commodity Exchange Of India Ltd. | 1.83% | 1.91% | +0.08% |
| Prudent Corporate Advisory Services Ltd. | 1.20% | 1.12% | -0.08% |
| Bajaj Finserv Ltd. | 0.78% | 0.71% | -0.07% |
| Piramal Finance Ltd. | 1.01% | 1.06% | +0.05% |
| Axis Bank Ltd. | 4.72% | 4.76% | +0.04% |
| Can Fin Homes Ltd. | 1.11% | 1.07% | -0.04% |
| HDFC Life Insurance Co Ltd. | 1.27% | 1.31% | +0.04% |
| Poonawalla Fincorp Ltd. | 1.28% | 1.32% | +0.04% |
| The Jammu & Kashmir Bank Ltd. | 1.05% | 1.09% | +0.04% |
| KFin Technologies Ltd. | 0.50% | 0.46% | -0.04% |
| Indusind Bank Ltd. | 0.85% | 0.81% | -0.04% |
| Mahindra & Mahindra Financial Services Ltd. | 1.91% | 1.87% | -0.04% |
| Angel One Ltd. | 1.19% | 1.22% | +0.03% |
| IDFC First Bank Ltd. | 1.64% | 1.67% | +0.03% |
| Nuvama Wealth Management Ltd. | 1.02% | 1.05% | +0.03% |
| UTI Asset Management Company Ltd. | 0.43% | 0.46% | +0.03% |
| State Bank of India | 3.91% | 3.94% | +0.03% |
| City Union Bank Ltd. | 1.81% | 1.83% | +0.02% |
| HDFC Asset Management Company Ltd. | 1.51% | 1.49% | -0.02% |
| SBI Life Insurance Company Ltd. | 0.53% | 0.55% | +0.02% |
| CreditAccess Grameen Ltd. | 0.00% | 0.02% | +0.02% |
| Five-Star Business Finance Ltd. | 0.39% | 0.41% | +0.02% |
| Yes Bank Ltd. | 1.13% | 1.11% | -0.02% |
| Billionbrains Garage Ventures Ltd. | 0.69% | 0.70% | +0.01% |
| Fusion Finance Ltd. | 1.06% | 1.07% | +0.01% |
| Others | 0.18% | 0.19% | +0.01% |
| Life Insurance Corporation of India | 0.93% | 0.94% | +0.01% |
| Aadhar Housing Finance Ltd | 0.86% | 0.86% | 0.00% |
| Cholamandalam Financial Holdings Ltd. | 0.72% | 0.72% | 0.00% |
| DCB Bank Ltd. | 1.27% | 1.27% | 0.00% |
| MAS Financial Services Ltd. | 0.22% | 0.22% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,911 Cr | 2.17% | 5.8% | 10.5% | 13.5% |
 SBI Banking & Financial Services Fund | ₹10,420 Cr | 2.16% | 5.4% | 10.2% | 13.6% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.0% | 10.6% | 14.8% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 8.7% | 9.5% | 12.2% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 7.0% | 12.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 1.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services
Fund managers
- Harshal JoshiMr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, MumbaiPrior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
- Harshvardhan AgrawalMr. Agrawal has done BE, MBA and CFAPrior to joining Bandhan Mutual Fund, he has worked with Infina Finance Private Ltd, iAlpha Enterprises, Motilal Oswal Financial Services and Aranca India Pvt Ltd.
- Ritu ModiMs. Modi has done B.com and MMS(Finance).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.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.62% absolute | ₹60,000 | ₹63,372 | 5.62% | |
| 1 year0.36% annualised | ₹1,20,000 | ₹1,20,234 | 0.20% | |
| 3 years13.47% annualised | ₹3,60,000 | ₹4,45,556 | 23.77% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Bandhan Financial Services Fund?
The NAV of Bandhan Financial Services Fund is ₹15.23 as on 9 Nov 2026.
What is the expense ratio of Bandhan Financial Services Fund?
The expense ratio of Bandhan Financial Services Fund is 2.50% per year.
What is the minimum SIP amount for Bandhan Financial Services Fund?
You can start a SIP in Bandhan Financial Services Fund with ₹3,000 a month.
Is there a lock-in or exit load on Bandhan Financial Services Fund?
Lock-in: None. Exit load: Exit load of 0.5%, if redeemed within 30 days..
How risky is Bandhan Financial Services Fund?
Bandhan Financial Services Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages Bandhan Financial Services Fund?
Bandhan Financial Services Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,19,896 Cr under management.