HomeOur StoryMethodologyLearnFAQs

Bandhan Innovation Fund

Thematic-InnovationVery HighOPEN-ENDED
Invest Now
NAV as on 9 Nov 2026
₹15.66+0.71%1 day
Return since launch
18.8%
52-week range
₹11.65 — ₹15.78
AUM
₹3,085 Cr

Bandhan Innovation Fund is a Thematic-Innovation equity fund from Bandhan Mutual Fund with ₹3,085 Cr under management, launched in 2024. The expense ratio is 2.26% 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
1Y26.4%+18.3 pts8.2%14.0%
2Y19.3%+8.4 pts10.9%10.1%

Fund against category

1Y
Fund26.4%
Category8.2%

Since launch (10 Apr 2024): 18.8%

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

2.26%

Expense ratio as on 5 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
1.66%
Brokerage
0.11%
Transaction charges
0.01%
Statutory levies
0.48%
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 30 Sep 2026

Asset allocation

  • Equity98.5%
  • Debt0.0%
  • Other1.4%

Market cap split

  • Large33.7%
  • Mid23.0%
  • Small43.4%
P/E
47.74
P/B
5.15

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Eternal Ltd.Services5.67%₹175 Cr+5.07%+5.77%+5.18%
One 97 Communications Ltd.Services4.80%₹148 Cr+4.23%+4.31%+5.08%
Bajaj Finserv Ltd.Financial3.46%₹107 Cr+3.69%+3.46%+3.33%
ICICI Bank Ltd.Financial2.90%₹89.36 Cr+3.70%+3.85%+1.49%
Meesho Ltd.Services2.80%₹86.53 Cr+2.11%+0.88%—
Sterlite Technologies Ltd.Communication2.44%₹75.35 Cr+1.78%+0.20%—
Astrazeneca Pharma India Ltd.Healthcare2.41%₹74.29 Cr+3.47%+3.85%+3.79%
Coforge Ltd.Technology2.16%₹66.64 Cr+2.17%+2.09%+2.09%
Mahindra & Mahindra Ltd.Automobile2.02%₹62.44 Cr+2.37%+1.87%+2.04%
Reliance Industries Ltd.Energy1.98%₹61.19 Cr+2.35%+2.62%+2.32%

Sectors

  • Services27.6%
  • Financial13.0%
  • Healthcare12.9%
  • Capital Goods8.8%
  • Technology7.3%
  • Automobile7.0%
  • Consumer Staples4.9%
  • Consumer Discretionary4.2%

Instruments

  • Reverse Repo2.0%
  • Cash Margin0.1%
  • Cash0.0%
  • Margin Money0.0%

Recent changes

HoldingFromToWeight
Hitachi Energy India Ltd.0.00%1.21%+1.21%
Shadowfax Technologies Ltd.0.00%1.16%+1.16%
Rentomojo Ltd.0.00%1.01%+1.01%
GE Vernova T&D India Ltd1.51%0.74%-0.77%
Eternal Ltd.6.43%5.67%-0.76%
Thangamayil Jewellery Ltd.0.79%0.07%-0.72%
Infosys Ltd.0.70%0.00%-0.70%
BlueStone Jewellery and Lifestyle Ltd.0.95%1.57%+0.62%
HEG Advanced Materials Ltd.0.83%0.26%-0.57%
Cyient Ltd.0.00%0.54%+0.54%
HEG Graphite Ltd.0.00%0.51%+0.51%
Nephrocare Health Services Ltd.0.29%0.78%+0.49%
Sterlite Technologies Ltd.2.00%2.44%+0.44%
PB Fintech Ltd.0.00%0.39%+0.39%
Honasa Consumer Ltd.2.28%1.91%-0.37%
Manipal Health Enterprises Ltd.0.60%0.25%-0.35%
Astrazeneca Pharma India Ltd.2.72%2.41%-0.31%
Mahindra & Mahindra Ltd.2.33%2.02%-0.31%
Lalithaa Jewellery Mart Ltd.0.87%1.18%+0.31%
Max Financial Services Ltd.0.78%0.50%-0.28%
Bajaj Finserv Ltd.3.72%3.46%-0.26%
ICICI Bank Ltd.3.16%2.90%-0.26%
Amber Enterprises India Ltd.1.56%1.31%-0.25%
Coforge Ltd.2.41%2.16%-0.25%
Reliance Industries Ltd.2.23%1.98%-0.25%
MTAR Technologies Ltd.1.66%1.90%+0.24%
One 97 Communications Ltd.5.02%4.80%-0.22%
Info Edge (India) Ltd.1.37%1.58%+0.21%
Tube Investments Of India Ltd.0.19%0.00%-0.19%
Tega Industries Ltd.0.64%0.81%+0.17%
Electronics Mart India Ltd.0.51%0.65%+0.14%
Billionbrains Garage Ventures Ltd.1.58%1.45%-0.13%
Trent Ltd.1.08%0.95%-0.13%
Ather Energy Ltd.0.64%0.51%-0.13%
Cohance Lifesciences Ltd.0.55%0.68%+0.13%
KFin Technologies Ltd.0.78%0.65%-0.13%
Physicswallah Ltd.0.90%1.03%+0.13%
BlackBuck Ltd.0.41%0.53%+0.12%
Fortis Healthcare Ltd.0.78%0.90%+0.12%
Eicher Motors Ltd.0.80%0.69%-0.11%
HDFC Bank Ltd.0.85%0.96%+0.11%
Divi's Laboratories Ltd.1.79%1.69%-0.10%
Jubilant FoodWorks Ltd.0.39%0.29%-0.10%
Glenmark Pharmaceuticals Ltd.1.03%0.93%-0.10%
Dr. Agarwal's Health Care Ltd.1.51%1.42%-0.09%
Jubilant Ingrevia Ltd.1.79%1.70%-0.09%
Craftsman Automation Ltd.1.00%0.91%-0.09%
Godrej Properties Ltd.0.87%0.78%-0.09%
Jubilant Pharmova Ltd.0.79%0.88%+0.09%
Tilaknagar Industries Ltd.1.18%1.09%-0.09%
Tech Mahindra Ltd.0.90%0.82%-0.08%
Vintage Coffee & Beverages Ltd.1.04%0.96%-0.08%
Shiprocket Ltd.0.31%0.23%-0.08%
Amagi Media Labs Ltd.0.85%0.92%+0.07%
KRN Heat Exchanger And Refrigeration Ltd.0.45%0.38%-0.07%
Ethos Ltd.0.65%0.59%-0.06%
NTPC Ltd.1.06%1.00%-0.06%
Prestige Estates Projects Ltd.1.07%1.01%-0.06%
Vedanta Power Ltd0.46%0.52%+0.06%
Canara HSBC Life Insurance Company Ltd.0.83%0.77%-0.06%
Multi Commodity Exchange Of India Ltd.0.83%0.77%-0.06%
Adani Ports and Special Economic Zone Ltd.0.94%0.99%+0.05%
ideaForge Technology Ltd.0.49%0.44%-0.05%
3M India Ltd.0.57%0.52%-0.05%
Afcom Holdings Ltd.0.63%0.59%-0.04%
Sai Life Sciences Ltd.0.78%0.74%-0.04%
The Indian Hotels Company Ltd.0.89%0.93%+0.04%
Vedanta Aluminium Metal Ltd.0.84%0.88%+0.04%
Varun Beverages Ltd.1.34%1.38%+0.04%
Bharat Electronics Ltd.1.70%1.73%+0.03%
E2E Networks Ltd.1.70%1.73%+0.03%
Power Mech Projects Ltd.0.43%0.46%+0.03%
TD Power Systems Ltd.1.03%1.06%+0.03%
Torrent Pharmaceuticals Ltd.0.90%0.93%+0.03%
Cholamandalam Investment and Finance Company Ltd.1.17%1.15%-0.02%
Poonawalla Fincorp Ltd.1.88%1.90%+0.02%
Saregama India Ltd.1.08%1.10%+0.02%
Sona BLW Precision Forgings Ltd.0.81%0.79%-0.02%
ZF Commercial Vehicle Control Systems India Ltd.1.01%0.99%-0.02%
Optiemus Infracom Ltd.0.10%0.12%+0.02%
Rashi Peripherals Ltd.0.70%0.68%-0.02%
Affle 3I Ltd.0.86%0.85%-0.01%
Biocon Ltd.0.79%0.78%-0.01%
Kusumgar Ltd.0.59%0.58%-0.01%
Others0.07%0.06%-0.01%
Stove Kraft Ltd.0.10%0.09%-0.01%
Meesho Ltd.2.80%2.80%0.00%
Suraksha Diagnostic Ltd.0.51%0.51%0.00%
TVS Motor Company Ltd.1.13%1.13%0.00%
Usha Martin Ltd.0.51%0.51%0.00%

Compare

Similar funds

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

FundAUMExpense1Y3Y5Y
Category average₹3,455 Cr2.15%14.2%10.7%15.2%
ICICI Prudential Innovation Fund₹7,434 Cr2.16%5.1%7.8%—
Kotak Pioneer Fund₹4,295 Cr1.90%11.4%11.5%15.6%
Nippon India Innovation Fund₹2,923 Cr2.10%5.8%5.8%—
Axis Innovation Fund₹1,315 Cr2.27%24.9%14.3%14.9%
Union Innovation & Opportunities Fund₹1,307 Cr2.31%23.9%14.2%—
See all Sectoral and Thematic funds

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 months14.77% absolute₹60,000₹68,86214.77%
1 year16.88% annualised₹1,20,000₹1,31,5589.63%

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 ₹15.66 as on 9 Nov 2026.
What is the expense ratio of Bandhan Innovation Fund?
The expense ratio of Bandhan Innovation Fund is 2.26% 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 ₹2,19,896 Cr under management.