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Bandhan Innovation Fund

Thematic-InnovationVery HighOPEN-ENDED
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NAV as on 24 Sep 2026
₹15.47-2.00%1 day
Return since launch
20.6%
52-week range
₹11.65 — ₹15.78
AUM
₹2,957 Cr

Bandhan Innovation Fund is a Thematic-Innovation equity fund from Bandhan Mutual Fund with ₹2,957 Cr under management, launched in 2024. The expense ratio is 2.25% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y28.5%+20.3 pts8.2%13.9%
2Y19.7%+8.7 pts10.9%9.9%

Fund against category

1Y
Fund28.5%
Category8.2%

Since launch (10 Apr 2024): 20.6%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20253.3%+0.8 pts2.4%

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

2.25%

Expense ratio as on 22 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.67%
Brokerage
0.10%
Transaction charges
0.01%
Statutory levies
0.47%
Exit load
Exit load of 0.50%, 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 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.

Portfolio

Bandhan Innovation Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity99.0%
  • Debt0.0%
  • Other1.0%

Market cap split

  • Large35.0%
  • Mid24.4%
  • Small40.6%
P/E
48.40
P/B
5.36

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Eternal Ltd.Services6.43%₹190 Cr+4.74%+4.87%+5.02%
One97 Communications Ltd.Services5.02%₹149 Cr+4.20%+3.71%+5.23%
Bajaj Finserv Ltd.Financial3.72%₹110 Cr+3.67%+3.29%+2.97%
ICICI Bank Ltd.Financial3.16%₹93.53 Cr+3.67%+4.02%+1.61%
Meesho Ltd.Services2.80%₹82.94 Cr+0.74%+0.94%—
Astrazeneca Pharma India Ltd.Healthcare2.72%₹80.52 Cr+3.74%+3.90%+3.57%
Coforge Ltd.Technology2.41%₹71.19 Cr+2.28%+1.89%+2.30%
Mahindra & Mahindra Ltd.Automobile2.33%₹68.83 Cr+2.13%+1.59%+1.73%
Honasa Consumer Ltd.Consumer Staples2.28%₹67.28 Cr+2.35%+1.38%+0.94%
Reliance Industries Ltd.Energy2.23%₹65.83 Cr+2.28%+2.46%+2.40%

Sectors

  • Services25.8%
  • Financial13.9%
  • Healthcare13.0%
  • Capital Goods8.1%
  • Automobile7.9%
  • Technology7.7%
  • Consumer Staples5.4%
  • Consumer Discretionary4.3%

Instruments

  • Reverse Repo1.5%
  • Cash Margin0.1%
  • Margin Money0.0%
  • Cash0.0%

Recent changes

HoldingFromToWeight
company:57490.00%1.13%+1.13%
Eternal Ltd.5.39%6.43%+1.04%
Bajaj Auto Ltd.0.91%0.00%-0.91%
company:208130.00%0.87%+0.87%
company:126120.00%0.83%+0.83%
One97 Communications Ltd.4.32%5.02%+0.70%
Astrazeneca Pharma India Ltd.3.36%2.72%-0.64%
Jupiter Life Line Hospitals Ltd.0.44%0.00%-0.44%
Eicher Motors Ltd.1.21%0.80%-0.41%
Jubilant Ingrevia Ltd.2.18%1.79%-0.39%
Meesho Ltd.2.41%2.80%+0.39%
Sterlite Technologies Ltd.1.62%2.00%+0.38%
Bajaj Finserv Ltd.4.07%3.72%-0.35%
ICICI Bank Ltd.3.49%3.16%-0.33%
Bharat Electronics Ltd.1.37%1.70%+0.33%
Prestige Estates Projects Ltd.1.40%1.07%-0.33%
HEG Advanced Materials Ltd.0.51%0.83%+0.32%
company:207950.00%0.31%+0.31%
Amagi Media Labs Ltd.1.16%0.85%-0.31%
Varun Beverages Ltd.1.65%1.34%-0.31%
Dr. Agarwal's Health Care Ltd.1.22%1.51%+0.29%
company:203820.00%0.29%+0.29%
Info Edge (India) Ltd.1.09%1.37%+0.28%
TD Power Systems Ltd.0.75%1.03%+0.28%
BlueStone Jewellery and Lifestyle Ltd.1.22%0.95%-0.27%
Tech Mahindra Ltd.0.64%0.90%+0.26%
Reliance Industries Ltd.2.47%2.23%-0.24%
Divi's Laboratories Ltd.1.56%1.79%+0.23%
Sai Life Sciences Ltd.1.01%0.78%-0.23%
Tilaknagar Industries Ltd.0.96%1.18%+0.22%
Mahindra & Mahindra Ltd.2.55%2.33%-0.22%
Cohance Lifesciences Ltd.0.34%0.55%+0.21%
GE Vernova T&D India Ltd1.30%1.51%+0.21%
NTPC Ltd.1.26%1.06%-0.20%
Adani Ports and Special Economic Zone Ltd.1.12%0.94%-0.18%
Tube Investments Of India Ltd.0.37%0.19%-0.18%
Amber Enterprises India Ltd.1.39%1.56%+0.17%
Kusumgar Ltd.0.76%0.59%-0.17%
HDFC Bank Ltd.1.00%0.85%-0.15%
Trent Ltd.1.23%1.08%-0.15%
Godrej Properties Ltd.1.01%0.87%-0.14%
MTAR Technologies Ltd.1.52%1.66%+0.14%
Cholamandalam Investment and Finance Company Ltd.1.30%1.17%-0.13%
Manipal Health Enterprises Ltd.0.47%0.60%+0.13%
Novartis India Ltd.0.12%0.00%-0.12%
ideaForge Technology Ltd.0.60%0.49%-0.11%
Jubilant Pharmova Ltd.0.89%0.79%-0.10%
3M India Ltd.0.66%0.57%-0.09%
Billionbrains Garage Ventures Ltd.1.49%1.58%+0.09%
Vedanta Aluminium Metal Ltd.0.93%0.84%-0.09%
Suraksha Diagnostic Ltd.0.42%0.51%+0.09%
Optiemus Infracom Ltd.0.19%0.10%-0.09%
Stove Kraft Ltd.0.19%0.10%-0.09%
KFin Technologies Ltd.0.87%0.78%-0.09%
Coforge Ltd.2.33%2.41%+0.08%
Infosys Ltd.0.78%0.70%-0.08%
Ather Energy Ltd.0.72%0.64%-0.08%
E2E Networks Ltd.1.63%1.70%+0.07%
Affle 3I Ltd.0.92%0.86%-0.06%
Fortis Healthcare Ltd.0.72%0.78%+0.06%
Honasa Consumer Ltd.2.34%2.28%-0.06%
Physicswallah Ltd.0.84%0.90%+0.06%
ZF Commercial Vehicle Control Systems India Ltd.1.07%1.01%-0.06%
Power Mech Projects Ltd.0.49%0.43%-0.06%
Saregama India Ltd.1.14%1.08%-0.06%
Craftsman Automation Ltd.0.95%1.00%+0.05%
Vedanta Power Ltd0.51%0.46%-0.05%
Biocon Ltd.0.84%0.79%-0.05%
Max Financial Services Ltd.0.83%0.78%-0.05%
Sona BLW Precision Forgings Ltd.0.86%0.81%-0.05%
Thangamayil Jewellery Ltd.0.84%0.79%-0.05%
Canara HSBC Life Insurance Company Ltd.0.87%0.83%-0.04%
Rashi Peripherals Ltd.0.74%0.70%-0.04%
Poonawalla Fincorp Ltd.1.91%1.88%-0.03%
Vintage Coffee & Beverages Ltd.1.07%1.04%-0.03%
Jubilant FoodWorks Ltd.0.42%0.39%-0.03%
Electronics Mart India Ltd.0.53%0.51%-0.02%
Usha Martin Ltd.0.49%0.51%+0.02%
Afcom Holdings Ltd.0.64%0.63%-0.01%
BlackBuck Ltd.0.42%0.41%-0.01%
Glenmark Pharmaceuticals Ltd.1.04%1.03%-0.01%
Tega Industries Ltd.0.65%0.64%-0.01%
Others0.08%0.07%-0.01%
Ethos Ltd.0.65%0.65%0.00%
KRN Heat Exchanger And Refrigeration Ltd.0.45%0.45%0.00%
The Indian Hotels Company Ltd.0.89%0.89%0.00%
Torrent Pharmaceuticals Ltd.0.90%0.90%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹3,622 Cr2.16%16.4%12.4%16.5%
ICICI Prudential Innovation Fund₹8,012 Cr2.18%4.2%9.2%—
Kotak Pioneer Fund₹4,281 Cr1.91%19.3%15.0%17.6%
Nippon India Innovation Fund₹3,108 Cr2.07%7.0%7.4%—
Axis Innovation Fund₹1,363 Cr2.28%27.4%15.6%15.4%
Union Innovation & Opportunities Fund₹1,344 Cr2.36%24.0%14.9%—

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 following innovation theme.

Fund managers

  • Brijesh ShahMr. Shah is a Post Graduate Diploma in Finance.Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
  • 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.
  • Prateek PoddarMr. Poddar is a B.Com, CFA, CAPrior joining Bandhan Mutual Fund he has worked with Nippon India Mutual Fund, ICICI Prudential Asset Management Co. - Investment Analyst Equity, Kotak Mahindra Capital Company - Analyst - Investment Banking.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months26.78% absolute₹60,000₹76,06826.78%
1 year17.71% annualised₹1,20,000₹1,32,15810.13%

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 Innovation Fund?
The NAV of Bandhan Innovation Fund is ₹15.47 as on 24 Sep 2026.
What is the expense ratio of Bandhan Innovation Fund?
The expense ratio of Bandhan Innovation Fund is 2.25% per year.
What is the minimum SIP amount for Bandhan Innovation Fund?
You can start a SIP in Bandhan Innovation Fund with ₹3,000 a month.
Is there a lock-in or exit load on Bandhan Innovation Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 30 days..
How risky is Bandhan Innovation Fund?
Bandhan Innovation Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Bandhan Innovation Fund?
Bandhan Innovation Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,06,009 Cr under management.