Bandhan Multi-Factor Fund
- NAV as on 25 Sep 2026
- ₹9.36+0.20%1 day
- Return since launch
- -4.4%
- 52-week range
- ₹9.24 — ₹10.80
- AUM
- ₹647 Cr
Bandhan Multi-Factor Fund is a Quant equity fund from Bandhan Mutual Fund with ₹647 Cr under management, launched in 2025. The expense ratio is 3.88% and the SEBI riskometer reading is Very High.
Performance
Bandhan Multi-Factor Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -3.7% against +1.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -12.4% | −17.1 pts | 4.7% | -1.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.3% | −1.9 pts | -3.4% | -3.4% |
| 3M | -4.7% | −4.4 pts | -0.3% | -0.5% |
| 6M | -2.3% | −12.5 pts | 10.2% | 7.4% |
| 1Y | -3.7% | −8.4 pts | 4.7% | 1.3% |
Since launch (10 Jul 2025): -4.4%
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
4.08%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.06%
- Brokerage
- 0.37%
- Transaction charges
- 0.04%
- Statutory levies
- 1.61%
- 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
- BSE 200 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 Multi-Factor Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.6%
- Debt0.0%
- Other1.4%
Market cap split
- Large64.9%
- Mid30.3%
- Small4.8%
- P/E
- 22.93
- P/B
- 4.01
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Axis Bank Ltd. | Financial | 4.33% | ₹27.99 Cr | — | +3.88% | +2.26% |
| Polycab India Ltd. | Capital Goods | 4.09% | ₹26.48 Cr | +3.87% | — | — |
| Tata Steel Ltd. | Metals & Mining | 4.07% | ₹26.33 Cr | +3.81% | +3.98% | — |
| company:7205 | Capital Goods | 4.07% | ₹26.35 Cr | — | — | — |
| company:4908 | Energy | 4.01% | ₹25.93 Cr | — | +3.82% | — |
| company:7002 | Materials | 3.99% | ₹25.82 Cr | — | — | — |
| Lupin Ltd. | Healthcare | 3.95% | ₹25.51 Cr | — | +2.50% | +1.77% |
| company:1860 | Metals & Mining | 3.95% | ₹25.52 Cr | — | — | — |
| company:1471 | Automobile | 3.83% | ₹24.78 Cr | +1.13% | +2.98% | — |
| Bajaj Auto Ltd. | Automobile | 3.82% | ₹24.71 Cr | +3.85% | — | — |
| company:5722 | Communication | 3.70% | ₹23.92 Cr | — | +3.79% | +2.33% |
| Cummins India Ltd. | Capital Goods | 3.60% | ₹23.29 Cr | — | +3.95% | — |
| Eicher Motors Ltd. | Automobile | 3.52% | ₹22.73 Cr | +3.42% | +3.85% | — |
| company:15362 | Financial | 3.38% | ₹21.84 Cr | — | — | — |
| company:3977 | Consumer Discretionary | 3.35% | ₹21.64 Cr | — | — | — |
| Nestle India Ltd. | Consumer Staples | 3.31% | ₹21.39 Cr | +3.50% | +1.02% | — |
| Coal India Ltd. | Materials | 3.18% | ₹20.59 Cr | +3.54% | +3.40% | +2.28% |
| company:2290 | Consumer Staples | 3.15% | ₹20.39 Cr | — | — | — |
| company:17104 | Services | 2.79% | ₹18.04 Cr | — | — | — |
| company:5881 | Technology | 2.56% | ₹16.53 Cr | — | — | — |
| company:7079 | Financial | 2.49% | ₹16.08 Cr | — | — | +1.67% |
| company:14919 | Insurance | 2.46% | ₹15.92 Cr | — | — | — |
| company:3901 | Technology | 2.28% | ₹14.71 Cr | — | — | — |
| company:407 | Financial | 2.27% | ₹14.66 Cr | — | — | +1.89% |
| company:14484 | Consumer Staples | 2.20% | ₹14.23 Cr | — | — | — |
| company:1980 | Capital Goods | 2.12% | ₹13.72 Cr | — | — | — |
| Indian Bank | Financial | 2.11% | ₹13.65 Cr | +1.20% | +2.68% | — |
| company:2310 | Financial | 1.98% | ₹12.78 Cr | — | — | — |
| company:8283 | Textiles | 1.83% | ₹11.85 Cr | — | — | +1.97% |
| Power Finance Corporation Ltd. | Financial | 1.68% | ₹10.83 Cr | +2.15% | +2.10% | — |
| company:11646 | Services | 1.51% | ₹9.79 Cr | — | — | +1.66% |
| Others | Others | 1.43% | ₹9.30 Cr | +0.05% | +0.05% | +0.15% |
| company:13401 | Financial | 1.12% | ₹7.23 Cr | — | — | — |
| company:2089 | Financial | 0.95% | ₹6.17 Cr | — | — | +1.79% |
| company:321 | Materials | 0.92% | ₹5.94 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| The Federal Bank Ltd. | 4.26% | 0.00% | -4.26% |
| FSN E-Commerce Ventures Ltd. | 4.24% | 0.00% | -4.24% |
| Bharat Forge Ltd. | 4.07% | 0.00% | -4.07% |
| company:7205 | 0.00% | 4.07% | +4.07% |
| company:4908 | 0.00% | 4.01% | +4.01% |
| company:7002 | 0.00% | 3.99% | +3.99% |
| company:1860 | 0.00% | 3.95% | +3.95% |
| Hindalco Industries Ltd. | 3.94% | 0.00% | -3.94% |
| Aurobindo Pharma Ltd. | 3.91% | 0.00% | -3.91% |
| company:1471 | 0.00% | 3.83% | +3.83% |
| State Bank of India | 3.81% | 0.00% | -3.81% |
| NTPC Ltd. | 3.77% | 0.00% | -3.77% |
| company:5722 | 0.00% | 3.70% | +3.70% |
| GMR Airports Ltd. | 3.65% | 0.00% | -3.65% |
| NMDC Ltd. | 3.48% | 0.00% | -3.48% |
| Oil And Natural Gas Corporation Ltd. | 3.38% | 0.00% | -3.38% |
| company:15362 | 0.00% | 3.38% | +3.38% |
| company:3977 | 0.00% | 3.35% | +3.35% |
| AU Small Finance Bank Ltd. | 3.24% | 0.00% | -3.24% |
| company:2290 | 0.00% | 3.15% | +3.15% |
| Cholamandalam Investment and Finance Company Ltd. | 2.89% | 0.00% | -2.89% |
| company:17104 | 0.00% | 2.79% | +2.79% |
| company:5881 | 0.00% | 2.56% | +2.56% |
| company:7079 | 0.00% | 2.49% | +2.49% |
| company:14919 | 0.00% | 2.46% | +2.46% |
| Polycab India Ltd. | 1.64% | 4.09% | +2.45% |
| Axis Bank Ltd. | 1.95% | 4.33% | +2.38% |
| Bharat Petroleum Corporation Ltd. | 2.31% | 0.00% | -2.31% |
| company:3901 | 0.00% | 2.28% | +2.28% |
| company:407 | 0.00% | 2.27% | +2.27% |
| Life Insurance Corporation of India | 2.22% | 0.00% | -2.22% |
| company:14484 | 0.00% | 2.20% | +2.20% |
| CG Power and Industrial Solutions Ltd. | 2.12% | 0.00% | -2.12% |
| company:1980 | 0.00% | 2.12% | +2.12% |
| company:2310 | 0.00% | 1.98% | +1.98% |
| Torrent Pharmaceuticals Ltd. | 1.95% | 0.00% | -1.95% |
| Indian Oil Corporation Ltd. | 1.89% | 0.00% | -1.89% |
| company:8283 | 0.00% | 1.83% | +1.83% |
| Bank Of Baroda | 1.62% | 0.00% | -1.62% |
| Tech Mahindra Ltd. | 1.56% | 0.00% | -1.56% |
| Canara Bank | 1.52% | 0.00% | -1.52% |
| company:11646 | 0.00% | 1.51% | +1.51% |
| Laurus Labs Ltd. | 1.50% | 0.00% | -1.50% |
| TVS Motor Company Ltd. | 1.42% | 0.00% | -1.42% |
| Grasim Industries Ltd. | 1.13% | 0.00% | -1.13% |
| company:13401 | 0.00% | 1.12% | +1.12% |
| company:2089 | 0.00% | 0.95% | +0.95% |
| Cummins India Ltd. | 2.67% | 3.60% | +0.93% |
| company:321 | 0.00% | 0.92% | +0.92% |
| Indian Bank | 3.00% | 2.11% | -0.89% |
| Eicher Motors Ltd. | 4.07% | 3.52% | -0.55% |
| Power Finance Corporation Ltd. | 2.22% | 1.68% | -0.54% |
| Nestle India Ltd. | 3.85% | 3.31% | -0.54% |
| Coal India Ltd. | 3.59% | 3.18% | -0.41% |
| Lupin Ltd. | 3.63% | 3.95% | +0.32% |
| Tata Steel Ltd. | 3.86% | 4.07% | +0.21% |
| Bajaj Auto Ltd. | 4.02% | 3.82% | -0.20% |
| Others | 0.15% | 0.15% | 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 | ₹769 Cr | 2.46% | 5.4% | 5.3% | 12.9% |
 Quant Quantamental Fund | ₹1,632 Cr | 2.96% | 6.2% | 6.2% | 14.4% |
 360 ONE Quant Fund | ₹846 Cr | 2.55% | -4.3% | 3.1% | — |
 Samco Active Momentum Fund | ₹752 Cr | 3.23% | 30.4% | 9.4% | — |
 Kotak Quant Fund | ₹497 Cr | 2.26% | -1.4% | 3.4% | — |
 Nippon India Quant Fund | ₹116 Cr | 1.31% | -4.0% | 4.2% | 11.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate medium to long term capital appreciation by investing predominantly in equity and equity related instruments selected based on a multi-factor quantitative model.
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.
- Nilesh SahaBachelor of Engineering (B.E.), Mechanical Engineering, MBA from IIM Bangalore, CFAPrior to joining the Bandhan AMC, he was associated with Julius Baer, Edelweiss Financial Services and Goldman Sachs.
- Rishi SharmaMr. Sharma is a B.Com from M.S. University of Vadodara and PGDBA from IES Management College MumbaiPrior to joining NJAMPL, he has worked with IIFL Capital, Suyash Advisors and Monsoon Capital.
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 months−2.30% absolute | ₹60,000 | ₹58,620 | −2.30% | |
| 1 year−3.71% annualised | ₹1,20,000 | ₹1,17,616 | −1.99% |
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.