Bandhan Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹216.23+1.62%1 day
- Return since launch
- 15.7%
- 52-week range
- ₹186.79 — ₹217.35
- AUM
- ₹7,115 Cr
Bandhan Flexi Cap Fund is a Flexi Cap equity fund from Bandhan Mutual Fund with ₹7,115 Cr under management, launched in 2005. Over three years it has returned 6.5% a year, against 12.4% for its category. The expense ratio is 2.20% 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 +1.9% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.1% | +5.7 pts | 2.4% | 5.7% |
| 2Y | 6.1% | −0.1 pts | 6.2% | 3.8% |
| 3Y | 6.5% | −5.9 pts | 12.4% | 4.6% |
| 5Y | 10.1% | +0.3 pts | 9.8% | 9.3% |
| 7Y | 12.2% | −1.2 pts | 13.3% | 11.8% |
| 10Y | 11.5% | −1.9 pts | 13.3% | 11.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.3% | +3.3 pts | 4.1% | 5.3% |
| 3M | 0.8% | +1.7 pts | -0.9% | -1.2% |
| 6M | 4.0% | +0.2 pts | 3.8% | 4.8% |
| 1Y | 1.9% | −0.5 pts | 2.4% | -0.9% |
| 2Y | 3.6% | +1.1 pts | 2.5% | 1.3% |
| 3Y | 11.9% | −0.5 pts | 12.4% | 10.8% |
| 5Y | 8.9% | −0.8 pts | 9.8% | 8.6% |
| 7Y | 12.5% | −2.0 pts | 14.5% | 12.5% |
| 10Y | 10.8% | −2.5 pts | 13.3% | 11.5% |
Since launch (5 Sep 2005): 15.7%
Calendar-year returns
Category average9.8%
32.2%
-1.4%
24.5%
14.8%
9.2%
Show 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
2.18%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.53%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.52%
- 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.
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 | 0.63 | 5.44 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.88 | 1.01 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.37 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.96 | 17.12 | 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 30 Sep 2026
Asset allocation
- Equity96.0%
- Debt0.7%
- Other3.3%
Market cap split
- Large77.3%
- Mid9.1%
- Small13.6%
- P/E
- 19.41
- P/B
- 2.72
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 9.46% | ₹673 Cr | +8.71% | +7.86% | +7.26% |
| ICICI Bank Ltd. | Financial | 7.67% | ₹546 Cr | +7.83% | -0.26% | +6.75% |
| Reliance Industries Ltd. | Energy | 5.67% | ₹404 Cr | +4.19% | +2.73% | +4.34% |
| Bharti Airtel Ltd. | Communication | 4.10% | ₹292 Cr | +3.50% | +1.00% | +0.95% |
| Maruti Suzuki India Ltd. | Automobile | 3.95% | ₹281 Cr | +2.76% | +1.67% | +1.63% |
| Axis Bank Ltd. | Financial | 3.88% | ₹276 Cr | +2.76% | +3.27% | +1.78% |
| Infosys Ltd. | Technology | 3.84% | ₹273 Cr | +3.81% | +3.29% | +4.88% |
| Kotak Mahindra Bank Ltd. | Financial | 3.40% | ₹242 Cr | +3.86% | +3.45% | +3.10% |
| ITC Ltd. | Consumer Staples | 3.32% | ₹236 Cr | +2.90% | +3.14% | +0.60% |
| Others | Others | 3.27% | ₹231 Cr | +0.10% | +13.35% | +0.15% |
| Tata Consultancy Services Ltd. | Technology | 2.81% | ₹200 Cr | +3.09% | +2.22% | +3.79% |
| Bajaj Finserv Ltd. | Financial | 2.55% | ₹182 Cr | +3.12% | +2.11% | +1.63% |
| HDFC Life Insurance Co Ltd. | Insurance | 2.05% | ₹146 Cr | +1.82% | +1.79% | +1.54% |
| Larsen & Toubro Ltd. | Construction | 1.85% | ₹132 Cr | +2.07% | +2.48% | +2.23% |
| Eternal Ltd. | Services | 1.71% | ₹122 Cr | +2.14% | +1.55% | +1.21% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.71% | ₹122 Cr | +1.43% | +0.11% | — |
| Coal India Ltd. | Materials | 1.55% | ₹111 Cr | +0.62% | +1.69% | +0.53% |
| Cipla Ltd. | Healthcare | 1.47% | ₹104 Cr | +1.38% | +1.29% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.45% | ₹103 Cr | +0.12% | — | — |
| Life Insurance Corporation of India | Insurance | 1.44% | ₹103 Cr | +0.81% | +0.16% | — |
| ICICI Life Insurance Ltd. | Insurance | 1.43% | ₹102 Cr | +1.15% | +1.34% | +1.13% |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.40% | ₹99.81 Cr | +1.61% | +1.42% | +0.41% |
| Titan Company Ltd. | Consumer Discretionary | 1.35% | ₹96.33 Cr | +2.08% | +1.93% | +1.71% |
| Varun Beverages Ltd. | Consumer Staples | 1.34% | ₹95.04 Cr | — | +1.21% | +1.41% |
| SBI Life Insurance Company Ltd. | Insurance | 1.31% | ₹93.30 Cr | +1.19% | — | +0.65% |
| V-Mart Retail Ltd. | Services | 1.25% | ₹89.10 Cr | +1.25% | +0.86% | +1.10% |
| Sterlite Technologies Ltd. | Communication | 1.21% | ₹86.44 Cr | +1.89% | +1.39% | +1.07% |
| Hindustan Unilever Ltd. | Consumer Staples | 1.19% | ₹84.56 Cr | +1.29% | +0.70% | — |
| NTPC Ltd. | Energy | 1.13% | ₹80.69 Cr | +0.38% | +0.45% | +2.31% |
| Hero Motocorp Ltd. | Automobile | 1.10% | ₹78.62 Cr | +1.13% | — | — |
| Emami Ltd. | Consumer Staples | 1.05% | ₹74.57 Cr | +0.93% | +0.92% | +0.80% |
| Shree Cement Ltd. | Materials | 1.04% | ₹73.74 Cr | +0.92% | +0.93% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.02% | ₹72.66 Cr | +0.75% | +0.66% | +2.70% |
| Power Grid Corporation Of India Ltd. | Energy | 0.99% | ₹70.34 Cr | +0.66% | +0.78% | +0.68% |
| Trent Ltd. | Services | 0.96% | ₹68.16 Cr | +0.89% | +1.73% | +1.46% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.81% | ₹57.81 Cr | +0.73% | — | — |
| Bayer CropScience Ltd. | Chemicals | 0.80% | ₹56.96 Cr | +0.48% | +0.59% | +0.19% |
| Jindal Steel Ltd. | Metals & Mining | 0.80% | ₹56.75 Cr | +0.71% | +1.26% | +0.54% |
| Dalmia Bharat Ltd. | Materials | 0.76% | ₹54.09 Cr | +0.57% | +0.38% | — |
| JK Lakshmi Cement Ltd. | Materials | 0.71% | ₹50.41 Cr | +0.55% | +0.25% | — |
| Reserve Bank of India | Financial | 0.69% | ₹49.03 Cr | +0.65% | +0.72% | — |
| LTM Limited | Technology | 0.68% | ₹48.54 Cr | +0.62% | — | — |
| Mahanagar Gas Ltd. | Energy | 0.68% | ₹48.67 Cr | +0.11% | — | — |
| Syngene International Ltd. | Healthcare | 0.67% | ₹47.49 Cr | +0.53% | +0.44% | — |
| Cera Sanitaryware Ltd. | Materials | 0.57% | ₹40.70 Cr | +0.70% | +0.55% | +0.26% |
| Rainbow Children's Medicare Ltd. | Healthcare | 0.57% | ₹40.48 Cr | +0.59% | +0.56% | — |
| Swiggy Ltd. | Services | 0.53% | ₹37.52 Cr | +0.10% | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.52% | ₹36.99 Cr | +0.55% | +1.04% | +0.75% |
| Info Edge (India) Ltd. | Services | 0.51% | ₹36.59 Cr | +1.29% | -0.64% | +2.04% |
| Poonawalla Fincorp Ltd. | Financial | 0.51% | ₹36.59 Cr | +0.96% | +0.02% | — |
| Atul Ltd. | Chemicals | 0.50% | ₹35.49 Cr | +0.31% | +0.51% | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.49% | ₹34.76 Cr | — | +0.03% | — |
| Havells India Ltd. | Capital Goods | 0.43% | ₹30.48 Cr | +0.39% | -0.54% | — |
| KEC International Ltd. | Capital Goods | 0.42% | ₹30.18 Cr | +0.51% | +0.55% | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.38% | ₹27.13 Cr | — | +0.71% | +0.49% |
| Greenpanel Industries Ltd. | Materials | 0.36% | ₹25.33 Cr | +0.41% | +0.41% | +0.55% |
| Petronet LNG Ltd. | Energy | 0.34% | ₹24.18 Cr | +0.55% | +0.45% | — |
| Tata Chemicals Ltd. | Chemicals | 0.34% | ₹24.46 Cr | +0.44% | +0.37% | — |
| Rallis India Ltd. | Chemicals | 0.29% | ₹20.71 Cr | — | — | — |
| Indraprastha Gas Ltd. | Energy | 0.27% | ₹18.93 Cr | +0.07% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.23% | ₹16.33 Cr | +1.70% | +1.73% | +0.40% |
| Sanofi India Ltd. | Healthcare | 0.23% | ₹16.46 Cr | +0.03% | — | — |
| RHI Magnesita India Ltd. | Capital Goods | 0.22% | ₹15.39 Cr | — | — | — |
| Pfizer Ltd. | Healthcare | 0.20% | ₹14.06 Cr | +0.15% | — | — |
| MAS Financial Services Ltd. | Financial | 0.16% | ₹11.68 Cr | +0.50% | +0.59% | +0.57% |
| Vinati Organics Ltd. | Chemicals | 0.13% | ₹9.00 Cr | +0.18% | — | — |
| Finolex Industries Ltd. | Materials | 0.12% | ₹8.33 Cr | — | — | — |
| Abbott India Ltd. | Healthcare | 0.08% | ₹5.43 Cr | — | +0.19% | — |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 0.08% | ₹5.54 Cr | +0.13% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hyundai Motor India Ltd. | 1.17% | 0.00% | -1.17% |
| Maruti Suzuki India Ltd. | 2.89% | 3.95% | +1.06% |
| HDFC Bank Ltd. | 8.50% | 9.46% | +0.96% |
| Vedanta Ltd. | 0.63% | 0.00% | -0.63% |
| Bharti Airtel Ltd. | 3.50% | 4.10% | +0.60% |
| Poonawalla Fincorp Ltd. | 1.00% | 0.51% | -0.49% |
| Kotak Mahindra Bank Ltd. | 3.85% | 3.40% | -0.45% |
| The Great Eastern Shipping Company Ltd. | 0.45% | 0.00% | -0.45% |
| ITC Ltd. | 2.89% | 3.32% | +0.43% |
| Reliance Industries Ltd. | 5.27% | 5.67% | +0.40% |
| Infosys Ltd. | 3.47% | 3.84% | +0.37% |
| HDFC Life Insurance Co Ltd. | 1.70% | 2.05% | +0.35% |
| ICICI Bank Ltd. | 8.00% | 7.67% | -0.33% |
| ICICI Lombard General Insurance Company Ltd. | 1.15% | 1.45% | +0.30% |
| Crompton Greaves Consumer Electricals Ltd. | 0.08% | 0.38% | +0.30% |
| Power Grid Corporation Of India Ltd. | 0.70% | 0.99% | +0.29% |
| Coal India Ltd. | 1.28% | 1.55% | +0.27% |
| Life Insurance Corporation of India | 1.17% | 1.44% | +0.27% |
| Trent Ltd. | 0.69% | 0.96% | +0.27% |
| Eternal Ltd. | 1.97% | 1.71% | -0.26% |
| Lupin Ltd. | 0.26% | 0.00% | -0.26% |
| Petronet LNG Ltd. | 0.60% | 0.34% | -0.26% |
| Varun Beverages Ltd. | 1.09% | 1.34% | +0.25% |
| JK Cement Ltd. | 0.24% | 0.00% | -0.24% |
| Apollo Hospitals Enterprise Ltd. | 0.47% | 0.23% | -0.24% |
| Havells India Ltd. | 0.66% | 0.43% | -0.23% |
| Blue Star Ltd. | 0.23% | 0.00% | -0.23% |
| Mahindra & Mahindra Ltd. | 0.22% | 0.00% | -0.22% |
| RHI Magnesita India Ltd. | 0.00% | 0.22% | +0.22% |
| ICICI Life Insurance Ltd. | 1.21% | 1.43% | +0.22% |
| Mahanagar Gas Ltd. | 0.48% | 0.68% | +0.20% |
| Muthoot Finance Ltd. | 0.20% | 0.00% | -0.20% |
| DLF Ltd. | 0.18% | 0.00% | -0.18% |
| Info Edge (India) Ltd. | 0.68% | 0.51% | -0.17% |
| Swiggy Ltd. | 0.36% | 0.53% | +0.17% |
| Tata Chemicals Ltd. | 0.51% | 0.34% | -0.17% |
| Oil And Natural Gas Corporation Ltd. | 1.54% | 1.71% | +0.17% |
| Rallis India Ltd. | 0.14% | 0.29% | +0.15% |
| Bayer CropScience Ltd. | 0.67% | 0.80% | +0.13% |
| Bajaj Finserv Ltd. | 2.42% | 2.55% | +0.13% |
| Hero Motocorp Ltd. | 1.23% | 1.10% | -0.13% |
| Godrej Consumer Products Ltd. | 0.12% | 0.00% | -0.12% |
| LTM Limited | 0.56% | 0.68% | +0.12% |
| Brigade Enterprises Ltd. | 0.11% | 0.00% | -0.11% |
| Cipla Ltd. | 1.36% | 1.47% | +0.11% |
| Emami Ltd. | 0.95% | 1.05% | +0.10% |
| Tata Consultancy Services Ltd. | 2.71% | 2.81% | +0.10% |
| MAS Financial Services Ltd. | 0.26% | 0.16% | -0.10% |
| Vinati Organics Ltd. | 0.23% | 0.13% | -0.10% |
| V-Mart Retail Ltd. | 1.34% | 1.25% | -0.09% |
| Motherson Sumi Wiring India Ltd. | 0.41% | 0.49% | +0.08% |
| Titan Company Ltd. | 1.43% | 1.35% | -0.08% |
| JK Lakshmi Cement Ltd. | 0.64% | 0.71% | +0.07% |
| Dalmia Bharat Ltd. | 0.70% | 0.76% | +0.06% |
| Dr. Reddy's Laboratories Ltd. | 0.46% | 0.52% | +0.06% |
| Abbott India Ltd. | 0.03% | 0.08% | +0.05% |
| Cera Sanitaryware Ltd. | 0.61% | 0.57% | -0.04% |
| Sun Pharmaceutical Industries Ltd. | 1.06% | 1.02% | -0.04% |
| Finolex Industries Ltd. | 0.08% | 0.12% | +0.04% |
| Reserve Bank of India | 0.65% | 0.69% | +0.04% |
| Larsen & Toubro Ltd. | 1.89% | 1.85% | -0.04% |
| NTPC Ltd. | 1.09% | 1.13% | +0.04% |
| Indraprastha Gas Ltd. | 0.24% | 0.27% | +0.03% |
| SBI Life Insurance Company Ltd. | 1.28% | 1.31% | +0.03% |
| Pfizer Ltd. | 0.23% | 0.20% | -0.03% |
| Greenpanel Industries Ltd. | 0.33% | 0.36% | +0.03% |
| Axis Bank Ltd. | 3.90% | 3.88% | -0.02% |
| Cholamandalam Financial Holdings Ltd. | 1.42% | 1.40% | -0.02% |
| KEC International Ltd. | 0.44% | 0.42% | -0.02% |
| Atul Ltd. | 0.51% | 0.50% | -0.01% |
| Hindustan Unilever Ltd. | 1.18% | 1.19% | +0.01% |
| Jindal Steel Ltd. | 0.79% | 0.80% | +0.01% |
| Others | 0.16% | 0.17% | +0.01% |
| Rainbow Children's Medicare Ltd. | 0.58% | 0.57% | -0.01% |
| Sanofi India Ltd. | 0.22% | 0.23% | +0.01% |
| Shree Cement Ltd. | 1.05% | 1.04% | -0.01% |
| Sterlite Technologies Ltd. | 1.20% | 1.21% | +0.01% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.08% | 0.08% | 0.00% |
| Syngene International Ltd. | 0.67% | 0.67% | 0.00% |
| Vedanta Aluminium Metal Ltd. | 0.81% | 0.81% | 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 | ₹26,433 Cr | 2.01% | 14.5% | 9.9% | 14.9% |
 HDFC Flexi Cap Fund | ₹1,08,547 Cr | 1.36% | 10.5% | 9.5% | 15.1% |
 Motilal Oswal Flexi Cap Fund | ₹13,446 Cr | 1.97% | 14.7% | 9.0% | 14.6% |
 Invesco India Flexi Cap Fund | ₹5,488 Cr | 2.08% | 15.4% | 9.7% | — |
 Bank of India Flexi Cap Fund | ₹3,098 Cr | 2.29% | 11.9% | 9.1% | 15.0% |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.33% | 20.0% | 12.2% | — |
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 months3.97% absolute | ₹60,000 | ₹62,382 | 3.97% | |
| 1 year1.90% annualised | ₹1,20,000 | ₹1,21,242 | 1.04% | |
| 3 years11.87% annualised | ₹3,60,000 | ₹4,34,164 | 20.60% | |
| 5 years8.94% annualised | ₹6,00,000 | ₹7,58,665 | 26.44% |
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 Flexi Cap Fund?
The NAV of Bandhan Flexi Cap Fund is ₹216.23 as on 6 Nov 2026.
What is the expense ratio of Bandhan Flexi Cap Fund?
The expense ratio of Bandhan Flexi Cap Fund is 2.20% per year.
What is the minimum SIP amount for Bandhan Flexi Cap Fund?
You can start a SIP in Bandhan Flexi Cap Fund with ₹3,000 a month.
What returns has Bandhan Flexi Cap Fund given?
Bandhan Flexi Cap Fund has returned 8.1% over 1 year, 6.5% over 3 years and 10.1% over 5 years (annualised).
Is there a lock-in or exit load on Bandhan Flexi Cap Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
How risky is Bandhan Flexi Cap Fund?
Bandhan Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages Bandhan Flexi Cap Fund?
Bandhan Flexi Cap Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,19,896 Cr under management.