Bandhan Flexi Cap Fund
- NAV as on 25 Sep 2026
- ₹204.15+0.09%1 day
- Return since launch
- 15.5%
- 52-week range
- ₹186.79 — ₹217.35
- AUM
- ₹7,508 Cr
Bandhan Flexi Cap Fund is a Flexi Cap equity fund from Bandhan Mutual Fund with ₹7,508 Cr under management, launched in 2005. Over three years it has returned 3.3% a year, against 11.5% for its category. The expense ratio is 2.22% and the SEBI riskometer reading is Very High.
Performance
Bandhan Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.7% against -0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.4% | −6.2 pts | 2.8% | 0.4% |
| 2Y | 0.1% | −3.2 pts | 3.3% | 1.1% |
| 3Y | 3.3% | −8.2 pts | 11.5% | 3.7% |
| 5Y | 8.4% | −1.4 pts | 9.8% | 9.1% |
| 7Y | 11.2% | −2.0 pts | 13.2% | 11.8% |
| 10Y | 10.7% | −2.1 pts | 12.8% | 11.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.0% | −0.7 pts | -3.3% | -3.2% |
| 3M | -1.9% | −2.7 pts | 0.8% | 0.5% |
| 6M | 7.0% | −5.1 pts | 12.0% | 11.1% |
| 1Y | -0.7% | −3.5 pts | 2.8% | -0.2% |
| 2Y | -3.4% | −1.7 pts | -1.6% | -3.2% |
| 3Y | 9.7% | −1.8 pts | 11.5% | 9.9% |
| 5Y | 8.5% | −1.3 pts | 9.8% | 8.7% |
| 7Y | 11.6% | −2.8 pts | 14.4% | 12.4% |
| 10Y | 10.1% | −2.7 pts | 12.8% | 10.9% |
Since launch (5 Sep 2005): 15.5%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 9.2% | +5.0 pts | 4.2% |
| 2024 | 14.8% | −7.0 pts | 21.8% |
| 2023 | 24.5% | −5.2 pts | 29.7% |
| 2022 | -1.4% | −3.0 pts | 1.7% |
| 2021 | 32.2% | −2.2 pts | 34.4% |
| 2020 | 9.8% | −9.2 pts | 19.0% |
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
2.21%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.54%
- Brokerage
- 0.13%
- Transaction charges
- 0.01%
- Statutory levies
- 0.53%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 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.
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 | -0.02 | 5.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.89 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.44 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.59 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.72 | 17.32 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Flexi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity94.7%
- Debt0.7%
- Other4.6%
Market cap split
- Large76.0%
- Mid10.5%
- Small13.5%
- P/E
- 20.26
- P/B
- 2.87
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 8.50% | ₹638 Cr | +8.11% | +9.02% | +7.29% |
| ICICI Bank Ltd. | Financial | 8.00% | ₹601 Cr | +7.32% | +7.69% | +6.36% |
| Reliance Industries Ltd. | Energy | 5.27% | ₹396 Cr | +4.37% | +2.63% | +4.33% |
| Others | Others | 4.63% | ₹343 Cr | +0.10% | +13.31% | +0.15% |
| Axis Bank Ltd. | Financial | 3.90% | ₹293 Cr | +3.63% | +1.58% | +2.57% |
| Kotak Mahindra Bank Ltd. | Financial | 3.85% | ₹289 Cr | +3.55% | +3.35% | +3.06% |
| Bharti Airtel Ltd. | Communication | 3.50% | ₹263 Cr | +3.53% | +0.95% | +0.96% |
| Infosys Ltd. | Technology | 3.47% | ₹261 Cr | +3.68% | +0.03% | +4.79% |
| ITC Ltd. | Consumer Staples | 2.89% | ₹217 Cr | +2.87% | +2.41% | +0.61% |
| Maruti Suzuki India Ltd. | Automobile | 2.89% | ₹217 Cr | +2.62% | +1.05% | +2.41% |
| Tata Consultancy Services Ltd. | Technology | 2.71% | ₹204 Cr | +3.11% | +0.03% | +3.86% |
| Bajaj Finserv Ltd. | Financial | 2.42% | ₹182 Cr | +2.70% | +1.34% | +1.56% |
| Eternal Ltd. | Services | 1.97% | ₹148 Cr | +1.93% | -0.65% | +1.62% |
| Larsen & Toubro Ltd. | Construction | 1.89% | ₹142 Cr | +2.19% | +1.21% | +2.20% |
| HDFC Life Insurance Co Ltd. | Insurance | 1.70% | ₹128 Cr | +1.93% | +1.83% | +1.57% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.54% | ₹116 Cr | +1.55% | +0.38% | — |
| Titan Company Ltd. | Consumer Discretionary | 1.43% | ₹107 Cr | +1.74% | +2.01% | +1.53% |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.42% | ₹107 Cr | +1.57% | +1.32% | +0.24% |
| Cipla Ltd. | Healthcare | 1.36% | ₹102 Cr | +1.35% | +1.09% | — |
| V-Mart Retail Ltd. | Services | 1.34% | ₹100 Cr | +1.11% | +0.90% | +1.16% |
| Coal India Ltd. | Materials | 1.28% | ₹96.42 Cr | +0.66% | +1.54% | +0.51% |
| SBI Life Insurance Company Ltd. | Insurance | 1.28% | ₹95.73 Cr | +0.88% | — | +0.78% |
| Hero Motocorp Ltd. | Automobile | 1.23% | ₹92.65 Cr | +0.88% | — | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.21% | ₹90.48 Cr | +1.22% | +1.28% | +1.14% |
| Sterlite Technologies Ltd. | Communication | 1.20% | ₹90.40 Cr | +1.97% | +1.33% | +1.08% |
| Hindustan Unilever Ltd. | Consumer Staples | 1.18% | ₹88.53 Cr | +1.34% | +0.94% | — |
| Hyundai Motor India Ltd. | Automobile | 1.17% | ₹88.20 Cr | +0.79% | +1.60% | +0.16% |
| Life Insurance Corporation of India | Insurance | 1.17% | ₹87.78 Cr | +0.74% | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.15% | ₹86.18 Cr | — | — | — |
| NTPC Ltd. | Energy | 1.09% | ₹81.85 Cr | +0.43% | +0.51% | +2.22% |
| Varun Beverages Ltd. | Consumer Staples | 1.09% | ₹82.09 Cr | +0.36% | +1.49% | +1.19% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.06% | ₹79.39 Cr | +0.74% | +0.70% | +2.71% |
| Shree Cement Ltd. | Materials | 1.05% | ₹78.88 Cr | +0.94% | +0.53% | — |
| Poonawalla Fincorp Ltd. | Financial | 1.00% | ₹75.16 Cr | +0.85% | — | — |
| Emami Ltd. | Consumer Staples | 0.95% | ₹71.60 Cr | +0.88% | +0.93% | +0.71% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.81% | ₹60.92 Cr | +0.17% | — | — |
| Jindal Steel Ltd. | Metals & Mining | 0.79% | ₹59.65 Cr | +0.83% | +1.42% | +0.48% |
| Dalmia Bharat Ltd. | Materials | 0.70% | ₹52.90 Cr | +0.39% | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 0.70% | ₹52.71 Cr | +0.56% | +1.12% | +0.37% |
| Trent Ltd. | Services | 0.69% | ₹51.84 Cr | +0.70% | +1.78% | +1.15% |
| Info Edge (India) Ltd. | Services | 0.68% | ₹51.21 Cr | +1.34% | -1.22% | +1.60% |
| Bayer CropScience Ltd. | Chemicals | 0.67% | ₹50.52 Cr | +0.53% | +0.53% | — |
| Syngene International Ltd. | Healthcare | 0.67% | ₹50.09 Cr | +0.49% | +0.23% | — |
| Havells India Ltd. | Capital Goods | 0.66% | ₹49.76 Cr | +0.16% | +0.94% | — |
| Reserve Bank of India | Financial | 0.65% | ₹48.83 Cr | +0.66% | — | — |
| JK Lakshmi Cement Ltd. | Materials | 0.64% | ₹47.78 Cr | +0.25% | +0.25% | — |
| company:3403 | Metals & Mining | 0.63% | ₹47.29 Cr | +0.49% | +0.80% | +1.26% |
| Cera Sanitaryware Ltd. | Materials | 0.61% | ₹45.84 Cr | +0.61% | +0.53% | +0.11% |
| Petronet LNG Ltd. | Energy | 0.60% | ₹45.09 Cr | +0.50% | +0.48% | — |
| Rainbow Children's Medicare Ltd. | Healthcare | 0.58% | ₹43.57 Cr | +0.61% | +0.48% | — |
| LTM Limited | Technology | 0.56% | ₹42.21 Cr | — | +0.66% | +0.43% |
| Atul Ltd. | Chemicals | 0.51% | ₹38.35 Cr | +0.45% | +0.48% | — |
| Tata Chemicals Ltd. | Chemicals | 0.51% | ₹38.58 Cr | +0.44% | +0.16% | — |
| Mahanagar Gas Ltd. | Energy | 0.48% | ₹36.36 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.47% | ₹35.59 Cr | +1.63% | +1.63% | +0.41% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.46% | ₹34.63 Cr | +0.54% | +1.13% | +0.77% |
| The Great Eastern Shipping Company Ltd. | Energy | 0.45% | ₹33.85 Cr | +0.51% | +0.99% | +0.67% |
| KEC International Ltd. | Capital Goods | 0.44% | ₹33.32 Cr | +0.50% | +0.47% | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.41% | ₹31.09 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.36% | ₹26.78 Cr | — | — | — |
| Greenpanel Industries Ltd. | Materials | 0.33% | ₹24.74 Cr | +0.40% | +0.44% | +0.56% |
| MAS Financial Services Ltd. | Financial | 0.26% | ₹19.53 Cr | +0.60% | +0.61% | +0.59% |
| company:2167 | Healthcare | 0.26% | ₹19.70 Cr | — | — | +0.39% |
| Indraprastha Gas Ltd. | Energy | 0.24% | ₹18.06 Cr | — | — | — |
| JK Cement Ltd. | Materials | 0.24% | ₹17.95 Cr | — | — | — |
| Pfizer Ltd. | Healthcare | 0.23% | ₹17.00 Cr | +0.07% | — | — |
| Vinati Organics Ltd. | Chemicals | 0.23% | ₹17.29 Cr | +0.14% | — | — |
| company:570 | Consumer Discretionary | 0.23% | ₹17.57 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 0.22% | ₹16.41 Cr | +0.34% | +0.82% | +1.95% |
| Sanofi India Ltd. | Healthcare | 0.22% | ₹16.82 Cr | — | — | — |
| company:7944 | Financial | 0.20% | ₹14.89 Cr | — | — | — |
| DLF Ltd. | Construction | 0.18% | ₹13.82 Cr | +0.08% | — | — |
| company:3077 | Chemicals | 0.14% | ₹10.19 Cr | — | — | — |
| company:5932 | Consumer Staples | 0.12% | ₹9.01 Cr | — | — | — |
| Brigade Enterprises Ltd. | Construction | 0.11% | ₹8.11 Cr | — | — | — |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 0.08% | ₹6.10 Cr | — | — | — |
| company:1120 | Materials | 0.08% | ₹6.31 Cr | — | — | — |
| company:14243 | Consumer Discretionary | 0.08% | ₹5.90 Cr | +0.12% | +0.73% | +0.45% |
| company:2035 | Healthcare | 0.03% | ₹2.59 Cr | +0.22% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Finserv Ltd. | -0.52% | 2.42% | +2.94% |
| Tata Consultancy Services Ltd. | 0.04% | 2.71% | +2.67% |
| Axis Bank Ltd. | 2.99% | 3.90% | +0.91% |
| State Bank of India | 0.88% | 0.00% | -0.88% |
| Info Edge (India) Ltd. | 1.38% | 0.68% | -0.70% |
| company:3403 | 0.00% | 0.63% | +0.63% |
| Others | 0.79% | 0.16% | -0.63% |
| Infosys Ltd. | 4.03% | 3.47% | -0.56% |
| Titan Company Ltd. | 1.93% | 1.43% | -0.50% |
| DLF Ltd. | 0.68% | 0.18% | -0.50% |
| Apollo Hospitals Enterprise Ltd. | 0.95% | 0.47% | -0.48% |
| Varun Beverages Ltd. | 0.67% | 1.09% | +0.42% |
| Sterlite Technologies Ltd. | 1.60% | 1.20% | -0.40% |
| Ajanta Pharma Ltd. | 0.39% | 0.00% | -0.39% |
| Life Insurance Corporation of India | 0.78% | 1.17% | +0.39% |
| Coal India Ltd. | 0.93% | 1.28% | +0.35% |
| Shree Cement Ltd. | 0.72% | 1.05% | +0.33% |
| Eternal Ltd. | 2.30% | 1.97% | -0.33% |
| ICICI Bank Ltd. | 7.71% | 8.00% | +0.29% |
| Sun Pharmaceutical Industries Ltd. | 0.79% | 1.06% | +0.27% |
| ITC Ltd. | 3.15% | 2.89% | -0.26% |
| company:2167 | 0.00% | 0.26% | +0.26% |
| Mahindra & Mahindra Ltd. | 0.47% | 0.22% | -0.25% |
| Hyundai Motor India Ltd. | 1.41% | 1.17% | -0.24% |
| company:570 | 0.00% | 0.23% | +0.23% |
| NMDC Ltd. | 0.22% | 0.00% | -0.22% |
| NTPC Ltd. | 0.87% | 1.09% | +0.22% |
| company:7944 | 0.00% | 0.20% | +0.20% |
| LTM Limited | 0.75% | 0.56% | -0.19% |
| Kotak Mahindra Bank Ltd. | 4.02% | 3.85% | -0.17% |
| Bayer CropScience Ltd. | 0.50% | 0.67% | +0.17% |
| Maruti Suzuki India Ltd. | 2.72% | 2.89% | +0.17% |
| Tube Investments Of India Ltd. | 0.15% | 0.00% | -0.15% |
| Reliance Industries Ltd. | 5.13% | 5.27% | +0.14% |
| company:3077 | 0.00% | 0.14% | +0.14% |
| Syngene International Ltd. | 0.53% | 0.67% | +0.14% |
| MAS Financial Services Ltd. | 0.39% | 0.26% | -0.13% |
| Swiggy Ltd. | 0.23% | 0.36% | +0.13% |
| Atul Ltd. | 0.39% | 0.51% | +0.12% |
| Hero Motocorp Ltd. | 1.35% | 1.23% | -0.12% |
| company:5932 | 0.00% | 0.12% | +0.12% |
| JK Lakshmi Cement Ltd. | 0.52% | 0.64% | +0.12% |
| Motherson Sumi Wiring India Ltd. | 0.29% | 0.41% | +0.12% |
| V-Mart Retail Ltd. | 1.23% | 1.34% | +0.11% |
| HDFC Bank Ltd. | 8.39% | 8.50% | +0.11% |
| Vedanta Aluminium Metal Ltd. | 0.72% | 0.81% | +0.09% |
| SBI Life Insurance Company Ltd. | 1.37% | 1.28% | -0.09% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.00% | 0.08% | +0.08% |
| company:1120 | 0.00% | 0.08% | +0.08% |
| company:14243 | 0.00% | 0.08% | +0.08% |
| Greenpanel Industries Ltd. | 0.40% | 0.33% | -0.07% |
| Larsen & Toubro Ltd. | 1.82% | 1.89% | +0.07% |
| Hindustan Unilever Ltd. | 1.25% | 1.18% | -0.07% |
| Jindal Steel Ltd. | 0.73% | 0.79% | +0.06% |
| Power Grid Corporation Of India Ltd. | 0.64% | 0.70% | +0.06% |
| Oil And Natural Gas Corporation Ltd. | 1.60% | 1.54% | -0.06% |
| Brigade Enterprises Ltd. | 0.17% | 0.11% | -0.06% |
| Emami Ltd. | 0.89% | 0.95% | +0.06% |
| JK Cement Ltd. | 0.18% | 0.24% | +0.06% |
| Dalmia Bharat Ltd. | 0.65% | 0.70% | +0.05% |
| Tata Chemicals Ltd. | 0.46% | 0.51% | +0.05% |
| Petronet LNG Ltd. | 0.56% | 0.60% | +0.04% |
| Rainbow Children's Medicare Ltd. | 0.62% | 0.58% | -0.04% |
| Cholamandalam Financial Holdings Ltd. | 1.46% | 1.42% | -0.04% |
| Cera Sanitaryware Ltd. | 0.65% | 0.61% | -0.04% |
| Mahanagar Gas Ltd. | 0.44% | 0.48% | +0.04% |
| Vinati Organics Ltd. | 0.20% | 0.23% | +0.03% |
| company:2035 | 0.00% | 0.03% | +0.03% |
| ICICI Lombard General Insurance Company Ltd. | 1.18% | 1.15% | -0.03% |
| Trent Ltd. | 0.71% | 0.69% | -0.02% |
| ICICI Prudential Life Insurance Company Ltd. | 1.19% | 1.21% | +0.02% |
| Indraprastha Gas Ltd. | 0.22% | 0.24% | +0.02% |
| Sanofi India Ltd. | 0.24% | 0.22% | -0.02% |
| Bharti Airtel Ltd. | 3.51% | 3.50% | -0.01% |
| The Great Eastern Shipping Company Ltd. | 0.46% | 0.45% | -0.01% |
| Poonawalla Fincorp Ltd. | 0.99% | 1.00% | +0.01% |
| Reserve Bank of India | 0.64% | 0.65% | +0.01% |
| KEC International Ltd. | 0.45% | 0.44% | -0.01% |
| Havells India Ltd. | 0.67% | 0.66% | -0.01% |
| Dr. Reddy's Laboratories Ltd. | 0.45% | 0.46% | +0.01% |
| HDFC Life Insurance Co Ltd. | 1.70% | 1.70% | 0.00% |
| Cipla Ltd. | 1.36% | 1.36% | 0.00% |
| Pfizer Ltd. | 0.23% | 0.23% | 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 | ₹5,332 Cr | 2.22% | 12.8% | 9.8% | 15.4% |
| ₹14,160 Cr | 2.05% | 12.8% | 9.3% | 14.8% | |
| ₹5,709 Cr | 2.07% | 5.7% | 7.8% | — | |
| ₹2,953 Cr | 2.25% | 14.0% | 10.6% | 16.0% | |
| ₹2,250 Cr | 2.38% | 15.0% | 10.0% | — | |
| ₹1,588 Cr | 2.34% | 16.8% | 11.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. It would invest in small and medium size businesses with good long term potential, which are available at cheap valuations.
Fund managers
- Manish GunwaniMr. Gunwani is a B.Tech. and PGDM.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.
- Viraj KulkarniMr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance).Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).
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−0.71% annualised | ₹1,20,000 | ₹1,19,539 | −0.38% | |
| 3 years9.66% annualised | ₹3,60,000 | ₹4,19,012 | 16.39% | |
| 5 years8.46% annualised | ₹6,00,000 | ₹7,48,889 | 24.81% |
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.