Bandhan Innovation Fund
- 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
Bandhan Innovation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +17.7% against +6.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 28.5% | +20.3 pts | 8.2% | 13.9% |
| 2Y | 19.7% | +8.7 pts | 10.9% | 9.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.4% | +1.1 pts | -2.4% | -2.9% |
| 3M | 9.0% | +3.2 pts | 5.8% | 4.2% |
| 6M | 26.8% | +6.2 pts | 20.6% | 18.4% |
| 1Y | 17.7% | +9.5 pts | 8.2% | 6.6% |
| 2Y | 9.5% | +7.0 pts | 2.5% | 2.7% |
Since launch (10 Apr 2024): 20.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.3% | +0.8 pts | 2.4% |
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.
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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Eternal Ltd. | Services | 6.43% | ₹190 Cr | +4.74% | +4.87% | +5.02% |
| One97 Communications Ltd. | Services | 5.02% | ₹149 Cr | +4.20% | +3.71% | +5.23% |
| Bajaj Finserv Ltd. | Financial | 3.72% | ₹110 Cr | +3.67% | +3.29% | +2.97% |
| ICICI Bank Ltd. | Financial | 3.16% | ₹93.53 Cr | +3.67% | +4.02% | +1.61% |
| Meesho Ltd. | Services | 2.80% | ₹82.94 Cr | +0.74% | +0.94% | — |
| Astrazeneca Pharma India Ltd. | Healthcare | 2.72% | ₹80.52 Cr | +3.74% | +3.90% | +3.57% |
| Coforge Ltd. | Technology | 2.41% | ₹71.19 Cr | +2.28% | +1.89% | +2.30% |
| Mahindra & Mahindra Ltd. | Automobile | 2.33% | ₹68.83 Cr | +2.13% | +1.59% | +1.73% |
| Honasa Consumer Ltd. | Consumer Staples | 2.28% | ₹67.28 Cr | +2.35% | +1.38% | +0.94% |
| Reliance Industries Ltd. | Energy | 2.23% | ₹65.83 Cr | +2.28% | +2.46% | +2.40% |
| Sterlite Technologies Ltd. | Communication | 2.00% | ₹59.22 Cr | +1.64% | — | — |
| Poonawalla Fincorp Ltd. | Financial | 1.88% | ₹55.66 Cr | +1.67% | +1.77% | +1.43% |
| Divi's Laboratories Ltd. | Healthcare | 1.79% | ₹53.07 Cr | +1.40% | +1.43% | +1.32% |
| Jubilant Ingrevia Ltd. | Chemicals | 1.79% | ₹52.91 Cr | +2.30% | +2.13% | +3.01% |
| Bharat Electronics Ltd. | Capital Goods | 1.70% | ₹50.15 Cr | +1.25% | +1.14% | +0.54% |
| E2E Networks Ltd. | Technology | 1.70% | ₹50.39 Cr | +1.59% | +1.31% | +0.87% |
| MTAR Technologies Ltd. | Capital Goods | 1.66% | ₹49.22 Cr | +2.02% | +1.75% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.58% | ₹46.87 Cr | +1.54% | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.56% | ₹46.10 Cr | +1.75% | +1.84% | +2.36% |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 1.51% | ₹44.52 Cr | +1.47% | +1.21% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.51% | ₹44.80 Cr | +1.95% | +2.32% | +2.45% |
| Info Edge (India) Ltd. | Services | 1.37% | ₹40.63 Cr | +1.27% | +1.60% | +1.16% |
| Varun Beverages Ltd. | Consumer Staples | 1.34% | ₹39.57 Cr | +2.31% | +2.84% | +2.55% |
| Tilaknagar Industries Ltd. | Consumer Staples | 1.18% | ₹34.95 Cr | +1.06% | +1.09% | +1.09% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.17% | ₹34.54 Cr | +1.27% | +1.01% | +1.43% |
| company:5749 | Automobile | 1.13% | ₹33.46 Cr | — | — | — |
| Saregama India Ltd. | Services | 1.08% | ₹32.08 Cr | +1.15% | +0.84% | +0.69% |
| Trent Ltd. | Services | 1.08% | ₹32.08 Cr | +1.02% | +1.46% | — |
| Prestige Estates Projects Ltd. | Construction | 1.07% | ₹31.62 Cr | +1.37% | +0.86% | +1.09% |
| NTPC Ltd. | Energy | 1.06% | ₹31.38 Cr | +1.64% | +0.59% | — |
| Vintage Coffee & Beverages Ltd. | Services | 1.04% | ₹30.61 Cr | +1.15% | +1.16% | +1.24% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.03% | ₹30.46 Cr | +1.17% | +1.58% | +0.98% |
| TD Power Systems Ltd. | Capital Goods | 1.03% | ₹30.60 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.01% | ₹29.79 Cr | +1.30% | +1.34% | +0.99% |
| Others | Others | 1.00% | ₹28.90 Cr | +0.05% | +1.75% | +0.60% |
| Craftsman Automation Ltd. | Automobile | 1.00% | ₹29.44 Cr | — | — | — |
| BlueStone Jewellery and Lifestyle Ltd. | Consumer Discretionary | 0.95% | ₹28.12 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.94% | ₹27.91 Cr | +1.43% | — | — |
| Physicswallah Ltd. | Services | 0.90% | ₹26.60 Cr | — | — | — |
| Tech Mahindra Ltd. | Technology | 0.90% | ₹26.54 Cr | +0.54% | +0.55% | +1.43% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.90% | ₹26.51 Cr | +0.77% | +1.05% | +0.77% |
| The Indian Hotels Company Ltd. | Services | 0.89% | ₹26.40 Cr | +0.83% | +0.82% | — |
| Godrej Properties Ltd. | Construction | 0.87% | ₹25.59 Cr | +1.02% | +0.79% | +1.07% |
| company:20813 | Consumer Discretionary | 0.87% | ₹25.64 Cr | — | — | — |
| Affle 3I Ltd. | Technology | 0.86% | ₹25.38 Cr | +1.02% | +0.75% | +1.12% |
| Amagi Media Labs Ltd. | Technology | 0.85% | ₹25.11 Cr | +0.99% | +0.91% | — |
| HDFC Bank Ltd. | Financial | 0.85% | ₹25.01 Cr | +0.92% | +1.97% | +0.45% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.84% | ₹24.81 Cr | +0.33% | — | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.83% | ₹24.45 Cr | +0.94% | +0.69% | — |
| HEG Advanced Materials Ltd. | Capital Goods | 0.83% | ₹24.58 Cr | — | — | — |
| company:12612 | Services | 0.83% | ₹24.52 Cr | — | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.81% | ₹23.93 Cr | +0.81% | +0.76% | +0.75% |
| Eicher Motors Ltd. | Automobile | 0.80% | ₹23.63 Cr | +1.20% | +1.50% | — |
| Biocon Ltd. | Healthcare | 0.79% | ₹23.43 Cr | — | — | — |
| Jubilant Pharmova Ltd. | Healthcare | 0.79% | ₹23.23 Cr | +1.04% | +1.00% | +1.37% |
| Thangamayil Jewellery Ltd. | Consumer Discretionary | 0.79% | ₹23.44 Cr | +1.56% | +1.34% | +1.00% |
| Fortis Healthcare Ltd. | Healthcare | 0.78% | ₹23.05 Cr | +0.96% | +1.13% | +0.86% |
| KFin Technologies Ltd. | Financial | 0.78% | ₹23.12 Cr | +0.90% | +1.07% | +0.93% |
| Max Financial Services Ltd. | Financial | 0.78% | ₹23.13 Cr | +0.97% | +1.31% | +2.16% |
| Sai Life Sciences Ltd. | Healthcare | 0.78% | ₹23.08 Cr | +1.06% | +1.24% | +0.55% |
| Infosys Ltd. | Technology | 0.70% | ₹20.72 Cr | +0.94% | +1.01% | — |
| Rashi Peripherals Ltd. | Services | 0.70% | ₹20.56 Cr | +0.66% | +0.46% | +0.47% |
| Ethos Ltd. | Services | 0.65% | ₹19.27 Cr | +0.72% | +0.81% | +0.89% |
| Ather Energy Ltd. | Automobile | 0.64% | ₹18.84 Cr | +1.09% | +2.30% | +0.98% |
| Tega Industries Ltd. | Metals & Mining | 0.64% | ₹18.79 Cr | +0.93% | +1.00% | +0.83% |
| Afcom Holdings Ltd. | Services | 0.63% | ₹18.74 Cr | +0.45% | — | — |
| Manipal Health Enterprises Ltd. | Healthcare | 0.60% | ₹17.85 Cr | — | — | — |
| Kusumgar Ltd. | Textiles | 0.59% | ₹17.44 Cr | — | — | — |
| 3M India Ltd. | Consumer Staples | 0.57% | ₹16.76 Cr | +0.71% | +0.89% | +0.92% |
| Cohance Lifesciences Ltd. | Healthcare | 0.55% | ₹16.35 Cr | +0.33% | — | — |
| Electronics Mart India Ltd. | Services | 0.51% | ₹15.09 Cr | +0.56% | +0.42% | +0.71% |
| Suraksha Diagnostic Ltd. | Healthcare | 0.51% | ₹15.07 Cr | +0.57% | +0.60% | +0.77% |
| Usha Martin Ltd. | Metals & Mining | 0.51% | ₹15.13 Cr | +0.50% | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.49% | ₹14.64 Cr | — | — | — |
| Vedanta Power Ltd | Capital Goods | 0.46% | ₹13.65 Cr | +0.33% | — | — |
| KRN Heat Exchanger And Refrigeration Ltd. | Capital Goods | 0.45% | ₹13.28 Cr | +0.50% | +1.11% | +0.75% |
| Power Mech Projects Ltd. | Construction | 0.43% | ₹12.78 Cr | +0.57% | +0.53% | +0.79% |
| BlackBuck Ltd. | Services | 0.41% | ₹12.27 Cr | +0.58% | +0.75% | +2.98% |
| Jubilant FoodWorks Ltd. | Services | 0.39% | ₹11.67 Cr | +0.75% | — | — |
| company:20795 | Technology | 0.31% | ₹9.23 Cr | — | — | — |
| company:20382 | Healthcare | 0.29% | ₹8.70 Cr | — | — | — |
| Tube Investments Of India Ltd. | Automobile | 0.19% | ₹5.51 Cr | +1.39% | +1.25% | +0.24% |
| Optiemus Infracom Ltd. | Services | 0.10% | ₹2.87 Cr | +0.37% | +0.48% | +0.79% |
| Stove Kraft Ltd. | Consumer Discretionary | 0.10% | ₹2.97 Cr | +0.26% | +0.44% | +1.17% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5749 | 0.00% | 1.13% | +1.13% |
| Eternal Ltd. | 5.39% | 6.43% | +1.04% |
| Bajaj Auto Ltd. | 0.91% | 0.00% | -0.91% |
| company:20813 | 0.00% | 0.87% | +0.87% |
| company:12612 | 0.00% | 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:20795 | 0.00% | 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:20382 | 0.00% | 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 Ltd | 1.30% | 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 Ltd | 0.51% | 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% |
| Others | 0.08% | 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.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,622 Cr | 2.16% | 16.4% | 12.4% | 16.5% |
| ₹8,012 Cr | 2.18% | 4.2% | 9.2% | — | |
| ₹4,281 Cr | 1.91% | 19.3% | 15.0% | 17.6% | |
| ₹3,108 Cr | 2.07% | 7.0% | 7.4% | — | |
| ₹1,363 Cr | 2.28% | 27.4% | 15.6% | 15.4% | |
| ₹1,344 Cr | 2.36% | 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.
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 months26.78% absolute | ₹60,000 | ₹76,068 | 26.78% | |
| 1 year17.71% annualised | ₹1,20,000 | ₹1,32,158 | 10.13% |
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.