Bandhan Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹14.55-2.64%1 day
- Return since launch
- 13.5%
- 52-week range
- ₹12.83 — ₹15.57
- AUM
- ₹1,122 Cr
Bandhan Financial Services Fund is a Sectoral-Banking equity fund from Bandhan Mutual Fund with ₹1,122 Cr under management, launched in 2023. Over three years it has returned 5.5% a year, against 10.7% for its category. The expense ratio is 2.47% 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 -0.1% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.6% | −5.6 pts | 2.0% | -5.0% |
| 2Y | 1.1% | −0.9 pts | 2.0% | 1.5% |
| 3Y | 5.5% | −5.2 pts | 10.7% | 4.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | +0.4 pts | -4.6% | -4.0% |
| 3M | -2.9% | +1.2 pts | -4.1% | -4.1% |
| 6M | 7.0% | +2.4 pts | 4.5% | 4.4% |
| 1Y | -0.1% | −2.1 pts | 2.0% | 0.7% |
| 2Y | -0.2% | −1.8 pts | 1.6% | 0.9% |
| 3Y | 12.8% | +2.1 pts | 10.7% | 9.2% |
Since launch (10 Jul 2023): 13.5%
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
2.49%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.90%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.49%
- 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 | 4.09 | 7.17 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.62 | 0.78 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.82 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.07 | 16.40 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Bandhan Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.3%
- Debt0.0%
- Other1.7%
Market cap split
- Large58.4%
- Mid19.3%
- Small22.3%
- P/E
- 18.37
- P/B
- 2.30
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 14.72% | ₹165 Cr | +13.48% | +14.02% | +14.60% |
| HDFC Bank Ltd. | Financial | 10.23% | ₹115 Cr | +12.76% | +16.37% | +20.10% |
| Kotak Mahindra Bank Ltd. | Financial | 5.59% | ₹62.76 Cr | +4.96% | +4.96% | +3.97% |
| Axis Bank Ltd. | Financial | 4.72% | ₹52.97 Cr | +4.91% | +4.57% | +7.15% |
| Bajaj Finance Ltd. | Financial | 4.33% | ₹48.58 Cr | +3.70% | +3.38% | +3.73% |
| State Bank of India | Financial | 3.91% | ₹43.92 Cr | +4.45% | +4.02% | +2.15% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.15% | ₹35.30 Cr | +2.60% | +2.26% | +3.43% |
| One97 Communications Ltd. | Services | 2.39% | ₹26.85 Cr | +2.14% | +2.11% | +2.14% |
| Max Financial Services Ltd. | Financial | 2.24% | ₹25.18 Cr | +2.53% | +2.58% | +3.09% |
| Shriram Finance Ltd | Financial | 2.23% | ₹25.02 Cr | +2.38% | +2.63% | +0.97% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.91% | ₹21.40 Cr | +1.68% | +1.66% | +1.09% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.83% | ₹20.56 Cr | +1.61% | +1.05% | — |
| LIC Housing Finance Ltd. | Financial | 1.82% | ₹20.43 Cr | +1.94% | +1.84% | +1.88% |
| City Union Bank Ltd. | Financial | 1.81% | ₹20.28 Cr | +1.89% | +1.32% | +1.18% |
| Others | Others | 1.71% | ₹19.68 Cr | +0.95% | +0.90% | +0.95% |
| IDFC First Bank Ltd. | Financial | 1.64% | ₹18.41 Cr | +1.35% | +1.42% | +1.50% |
| RBL Bank Ltd. | Financial | 1.57% | ₹17.58 Cr | +1.73% | +1.62% | +2.02% |
| HDFC Asset Management Company Ltd. | Financial | 1.51% | ₹16.98 Cr | +1.02% | +0.97% | — |
| Poonawalla Fincorp Ltd. | Financial | 1.28% | ₹14.42 Cr | +1.26% | +0.14% | — |
| DCB Bank Ltd. | Financial | 1.27% | ₹14.22 Cr | +1.05% | +0.99% | +0.73% |
| HDFC Life Insurance Co Ltd. | Insurance | 1.27% | ₹14.25 Cr | +1.31% | +1.25% | +1.46% |
| Aavas Financiers Ltd. | Financial | 1.21% | ₹13.55 Cr | +1.13% | +1.02% | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.20% | ₹13.41 Cr | +1.12% | +0.89% | — |
| Angel One Ltd. | Financial | 1.19% | ₹13.32 Cr | +1.44% | +1.00% | +0.69% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.19% | ₹13.38 Cr | +1.35% | +1.33% | +1.39% |
| Yes Bank Ltd. | Financial | 1.13% | ₹12.70 Cr | +0.49% | — | — |
| Can Fin Homes Ltd. | Financial | 1.11% | ₹12.41 Cr | +1.13% | +1.21% | +1.26% |
| Muthoot Finance Ltd. | Financial | 1.10% | ₹12.30 Cr | +1.31% | +0.84% | +0.64% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.07% | ₹12.02 Cr | +1.12% | +1.50% | +1.35% |
| Fusion Finance Ltd. | Financial | 1.06% | ₹11.92 Cr | +1.00% | +1.04% | +1.00% |
| The Jammu & Kashmir Bank Ltd. | Financial | 1.05% | ₹11.81 Cr | — | — | — |
| Nuvama Wealth Management Ltd. | Financial | 1.02% | ₹11.40 Cr | +0.92% | +0.72% | +0.63% |
| Piramal Finance Ltd. | Financial | 1.01% | ₹11.29 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.99% | ₹11.14 Cr | +0.76% | +1.66% | +0.90% |
| company:5765 | Insurance | 0.93% | ₹10.45 Cr | — | — | — |
| BSE Ltd. | Services | 0.90% | ₹10.10 Cr | +1.31% | +0.97% | — |
| Aadhar Housing Finance Ltd | Financial | 0.86% | ₹9.61 Cr | +1.00% | +0.80% | +1.22% |
| Indusind Bank Ltd. | Financial | 0.85% | ₹9.56 Cr | +1.01% | +1.22% | — |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 0.84% | ₹9.40 Cr | +1.00% | +1.19% | — |
| Bajaj Finserv Ltd. | Financial | 0.78% | ₹8.72 Cr | +0.49% | +0.65% | +0.67% |
| OnEMI Technology Solutions Ltd. | Financial | 0.78% | ₹8.75 Cr | +0.83% | — | — |
| PB Fintech Ltd. | Services | 0.76% | ₹8.50 Cr | +0.95% | +0.80% | +1.98% |
| company:4721 | Financial | 0.75% | ₹8.39 Cr | — | — | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.72% | ₹8.08 Cr | +0.80% | +0.77% | +0.80% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.69% | ₹7.70 Cr | +0.71% | +1.47% | — |
| Aditya Birla Capital Ltd. | Financial | 0.62% | ₹6.96 Cr | +0.26% | — | — |
| 360 One Wam Ltd. | Financial | 0.55% | ₹6.13 Cr | +0.44% | — | — |
| Star Health and Allied Insurance Company Ltd. | Insurance | 0.54% | ₹6.10 Cr | +1.28% | +1.18% | +1.22% |
| Pine Labs Ltd. | Financial | 0.53% | ₹5.89 Cr | — | +0.88% | — |
| SBI Life Insurance Company Ltd. | Insurance | 0.53% | ₹5.92 Cr | +0.52% | +1.34% | +1.06% |
| company:11622 | Financial | 0.52% | ₹5.82 Cr | — | — | +1.11% |
| company:17868 | Financial | 0.50% | ₹5.56 Cr | — | — | — |
| UTI Asset Management Company Ltd. | Financial | 0.43% | ₹4.79 Cr | — | — | +0.97% |
| Five-Star Business Finance Ltd. | Financial | 0.39% | ₹4.38 Cr | +0.02% | — | — |
| Spandana Sphoorty Financial Ltd. | Financial | 0.39% | ₹4.34 Cr | +0.29% | — | — |
| Turtlemint Fintech Solutions Ltd. | Financial | 0.31% | ₹3.51 Cr | — | — | — |
| company:12439 | Financial | 0.22% | ₹2.47 Cr | — | — | — |
| company:4726 | Financial | 0.15% | ₹1.74 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 12.22% | 10.23% | -1.99% |
| General Insurance Corporation of India | 0.94% | 0.00% | -0.94% |
| company:5765 | 0.00% | 0.93% | +0.93% |
| State Bank of India | 2.99% | 3.91% | +0.92% |
| Yes Bank Ltd. | 0.31% | 1.13% | +0.82% |
| SBI Cards And Payment Services Ltd. | 0.78% | 0.00% | -0.78% |
| company:4721 | 0.00% | 0.75% | +0.75% |
| Star Health and Allied Insurance Company Ltd. | 1.15% | 0.54% | -0.61% |
| company:11622 | 0.00% | 0.52% | +0.52% |
| company:17868 | 0.00% | 0.50% | +0.50% |
| Crisil Ltd. | 0.46% | 0.00% | -0.46% |
| One97 Communications Ltd. | 1.97% | 2.39% | +0.42% |
| Bajaj Finance Ltd. | 4.71% | 4.33% | -0.38% |
| Multi Commodity Exchange Of India Ltd. | 1.48% | 1.83% | +0.35% |
| Axis Bank Ltd. | 4.40% | 4.72% | +0.32% |
| HDFC Asset Management Company Ltd. | 1.20% | 1.51% | +0.31% |
| SBI Funds Management Ltd. | 0.30% | 0.00% | -0.30% |
| Medi Assist Healthcare Services Ltd. | 0.26% | 0.00% | -0.26% |
| Kotak Mahindra Bank Ltd. | 5.33% | 5.59% | +0.26% |
| PNB Housing Finance Ltd. | 0.24% | 0.00% | -0.24% |
| Aditya Birla Sun Life AMC Ltd. | 0.23% | 0.00% | -0.23% |
| Billionbrains Garage Ventures Ltd. | 0.46% | 0.69% | +0.23% |
| company:12439 | 0.00% | 0.22% | +0.22% |
| City Union Bank Ltd. | 1.64% | 1.81% | +0.17% |
| 360 One Wam Ltd. | 0.38% | 0.55% | +0.17% |
| company:4726 | 0.00% | 0.15% | +0.15% |
| DCB Bank Ltd. | 1.13% | 1.27% | +0.14% |
| Turtlemint Fintech Solutions Ltd. | 0.45% | 0.31% | -0.14% |
| ICICI Prudential Asset Management Company Ltd. | 0.72% | 0.84% | +0.12% |
| Nuvama Wealth Management Ltd. | 0.93% | 1.02% | +0.09% |
| ICICI Bank Ltd. | 14.63% | 14.72% | +0.09% |
| Mahindra & Mahindra Financial Services Ltd. | 1.99% | 1.91% | -0.08% |
| Piramal Finance Ltd. | 0.93% | 1.01% | +0.08% |
| Cholamandalam Financial Holdings Ltd. | 0.79% | 0.72% | -0.07% |
| Prudent Corporate Advisory Services Ltd. | 1.13% | 1.20% | +0.07% |
| The Jammu & Kashmir Bank Ltd. | 1.12% | 1.05% | -0.07% |
| Cholamandalam Investment and Finance Company Ltd. | 3.08% | 3.15% | +0.07% |
| Angel One Ltd. | 1.24% | 1.19% | -0.05% |
| ICICI Lombard General Insurance Company Ltd. | 1.24% | 1.19% | -0.05% |
| Ujjivan Small Finance Bank Ltd. | 1.04% | 0.99% | -0.05% |
| Muthoot Finance Ltd. | 1.15% | 1.10% | -0.05% |
| Fusion Finance Ltd. | 1.10% | 1.06% | -0.04% |
| LIC Housing Finance Ltd. | 1.78% | 1.82% | +0.04% |
| PB Fintech Ltd. | 0.72% | 0.76% | +0.04% |
| Pine Labs Ltd. | 0.49% | 0.53% | +0.04% |
| SBI Life Insurance Company Ltd. | 0.57% | 0.53% | -0.04% |
| Aadhar Housing Finance Ltd | 0.89% | 0.86% | -0.03% |
| Aavas Financiers Ltd. | 1.24% | 1.21% | -0.03% |
| BSE Ltd. | 0.92% | 0.90% | -0.02% |
| HDFC Life Insurance Co Ltd. | 1.29% | 1.27% | -0.02% |
| Shriram Finance Ltd | 2.21% | 2.23% | +0.02% |
| UTI Asset Management Company Ltd. | 0.45% | 0.43% | -0.02% |
| Max Financial Services Ltd. | 2.23% | 2.24% | +0.01% |
| Bajaj Finserv Ltd. | 0.79% | 0.78% | -0.01% |
| Five-Star Business Finance Ltd. | 0.40% | 0.39% | -0.01% |
| IDFC First Bank Ltd. | 1.63% | 1.64% | +0.01% |
| OnEMI Technology Solutions Ltd. | 0.79% | 0.78% | -0.01% |
| Poonawalla Fincorp Ltd. | 1.29% | 1.28% | -0.01% |
| RBL Bank Ltd. | 1.56% | 1.57% | +0.01% |
| Aditya Birla Capital Ltd. | 0.62% | 0.62% | 0.00% |
| Can Fin Homes Ltd. | 1.11% | 1.11% | 0.00% |
| ICICI Prudential Life Insurance Company Ltd. | 1.07% | 1.07% | 0.00% |
| Indusind Bank Ltd. | 0.85% | 0.85% | 0.00% |
| Others | 0.18% | 0.18% | 0.00% |
| Spandana Sphoorty Financial Ltd. | 0.39% | 0.39% | 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 | ₹3,447 Cr | 2.16% | -0.9% | 9.7% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -8.4% | 6.6% | 11.5% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.18% | -3.4% | 8.0% | 13.3% |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 13.7% | 15.4% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -5.5% | 8.6% | — |
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 months6.95% absolute | ₹60,000 | ₹64,170 | 6.95% | |
| 1 year−0.14% annualised | ₹1,20,000 | ₹1,19,909 | −0.08% | |
| 3 years12.79% annualised | ₹3,60,000 | ₹4,40,670 | 22.41% |
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 ₹14.55 as on 24 Sep 2026.
What is the expense ratio of Bandhan Financial Services Fund?
The expense ratio of Bandhan Financial Services Fund is 2.47% 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 ₹2,06,009 Cr under management.