Bandhan Multi-Factor Fund
QuantVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹9.33+0.70%1 day
- Return since launch
- -4.7%
- 52-week range
- ₹8.57 — ₹10.80
- AUM
- ₹588 Cr
Bandhan Multi-Factor Fund is a Quant equity fund from Bandhan Mutual Fund with ₹588 Cr under management, launched in 2025. The expense ratio is 4.26% 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 -7.7% against -0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -10.9% | −12.7 pts | 1.8% | 2.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.4% | +0.9 pts | 4.5% | 5.4% |
| 3M | -7.4% | −4.8 pts | -2.6% | -2.5% |
| 6M | -5.0% | −7.5 pts | 2.5% | 1.6% |
| 1Y | -7.1% | −8.9 pts | 1.8% | -0.1% |
Since launch (10 Jul 2025): -4.7%
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
4.17%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.07%
- Brokerage
- 0.39%
- Transaction charges
- 0.04%
- Statutory levies
- 1.67%
- 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.
Very High
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 30 Sep 2026
Asset allocation
- Equity96.2%
- Debt0.0%
- Other3.8%
Market cap split
- Large57.0%
- Mid43.0%
- P/E
- 19.94
- P/B
- 2.70
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 3.80% | ₹22.42 Cr | +0.01% | +0.05% | +0.10% |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.64% | ₹15.51 Cr | — | — | — |
| Zydus Lifesciences Ltd. | Healthcare | 2.63% | ₹15.49 Cr | — | +0.85% | — |
| Aurobindo Pharma Ltd. | Healthcare | 2.57% | ₹15.10 Cr | +3.96% | +0.21% | — |
| Samvardhana Motherson International Ltd. | Automobile | 2.57% | ₹15.11 Cr | — | — | — |
| Coal India Ltd. | Materials | 2.53% | ₹14.86 Cr | +3.85% | +4.05% | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.52% | ₹14.80 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 2.52% | ₹14.82 Cr | +3.87% | +4.06% | — |
| Bharat Forge Ltd. | Automobile | 2.51% | ₹14.78 Cr | +4.01% | — | — |
| GMR Airports Ltd. | Construction | 2.51% | ₹14.77 Cr | +3.94% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.50% | ₹14.69 Cr | — | +3.99% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.50% | ₹14.69 Cr | +1.78% | +1.75% | — |
| Lupin Ltd. | Healthcare | 2.49% | ₹14.65 Cr | +3.68% | +3.98% | +1.56% |
| Marico Ltd. | Consumer Staples | 2.48% | ₹14.61 Cr | — | +2.27% | — |
| Adani Power Ltd. | Energy | 2.47% | ₹14.51 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 2.47% | ₹14.56 Cr | — | — | — |
| NTPC Ltd. | Energy | 2.47% | ₹14.51 Cr | +3.92% | +3.99% | — |
| Aditya Birla Capital Ltd. | Financial | 2.46% | ₹14.45 Cr | — | — | +1.14% |
| Oil And Natural Gas Corporation Ltd. | Energy | 2.46% | ₹14.45 Cr | +3.32% | +4.37% | — |
| Bharat Electronics Ltd. | Capital Goods | 2.45% | ₹14.43 Cr | — | — | — |
| State Bank of India | Financial | 2.45% | ₹14.40 Cr | +3.85% | +3.79% | +2.33% |
| Tata Consumer Products Ltd. | Consumer Staples | 2.44% | ₹14.33 Cr | — | — | — |
| Bank of Maharashtra | Financial | 2.43% | ₹14.30 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 2.43% | ₹14.29 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 2.42% | ₹14.22 Cr | +4.00% | — | — |
| Nestle India Ltd. | Consumer Staples | 2.42% | ₹14.23 Cr | +3.63% | +2.99% | — |
| Yes Bank Ltd. | Financial | 2.40% | ₹14.12 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | 2.39% | ₹14.06 Cr | +2.78% | — | — |
| Eicher Motors Ltd. | Automobile | 2.39% | ₹14.08 Cr | +3.72% | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 2.38% | ₹13.98 Cr | +3.91% | +3.93% | — |
| Reliance Industries Ltd. | Energy | 2.38% | ₹14.01 Cr | — | — | +2.31% |
| The Federal Bank Ltd. | Financial | 2.38% | ₹14.01 Cr | +3.96% | +3.95% | +2.18% |
| ABB India Ltd. | Capital Goods | 2.37% | ₹13.93 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 2.37% | ₹13.94 Cr | — | +0.57% | +2.02% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.35% | ₹13.84 Cr | — | — | — |
| NMDC Ltd. | Metals & Mining | 2.31% | ₹13.60 Cr | +3.53% | +3.17% | +1.57% |
| General Insurance Corporation of India | Insurance | 2.21% | ₹13.03 Cr | — | +0.20% | — |
| L&T Finance Ltd. | Financial | 2.18% | ₹12.85 Cr | — | — | +1.37% |
| Alkem Laboratories Ltd. | Healthcare | 1.88% | ₹11.08 Cr | — | — | +1.81% |
| Bank of India | Financial | 1.21% | ₹7.11 Cr | — | +2.35% | — |
| AU Small Finance Bank Ltd. | Financial | 1.19% | ₹7.01 Cr | +3.25% | — | — |
| Tata Power Company Ltd. | Energy | 0.77% | ₹4.52 Cr | — | — | — |
| Laurus Labs Ltd. | Healthcare | 0.70% | ₹4.10 Cr | +1.27% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Axis Bank Ltd. | 4.33% | 0.00% | -4.33% |
| Polycab India Ltd. | 4.09% | 0.00% | -4.09% |
| Suzlon Energy Ltd. | 4.07% | 0.00% | -4.07% |
| Power Grid Corporation Of India Ltd. | 4.01% | 0.00% | -4.01% |
| Ultratech Cement Ltd. | 3.99% | 0.00% | -3.99% |
| Hero Motocorp Ltd. | 3.83% | 0.00% | -3.83% |
| Bajaj Auto Ltd. | 3.82% | 0.00% | -3.82% |
| Bharti Airtel Ltd. | 3.70% | 0.00% | -3.70% |
| HDFC Asset Management Company Ltd. | 3.38% | 0.00% | -3.38% |
| PB Fintech Ltd. | 2.79% | 0.00% | -2.79% |
| Adani Ports and Special Economic Zone Ltd. | 0.00% | 2.64% | +2.64% |
| Zydus Lifesciences Ltd. | 0.00% | 2.63% | +2.63% |
| Aurobindo Pharma Ltd. | 0.00% | 2.57% | +2.57% |
| Samvardhana Motherson International Ltd. | 0.00% | 2.57% | +2.57% |
| Oracle Financial Services Software Ltd. | 2.56% | 0.00% | -2.56% |
| Bharat Heavy Electricals Ltd. | 0.00% | 2.52% | +2.52% |
| Bharat Forge Ltd. | 0.00% | 2.51% | +2.51% |
| GMR Airports Ltd. | 0.00% | 2.51% | +2.51% |
| Sun Pharmaceutical Industries Ltd. | 0.00% | 2.50% | +2.50% |
| Torrent Pharmaceuticals Ltd. | 0.00% | 2.50% | +2.50% |
| Adani Power Ltd. | 0.00% | 2.47% | +2.47% |
| NTPC Ltd. | 0.00% | 2.47% | +2.47% |
| Aditya Birla Capital Ltd. | 0.00% | 2.46% | +2.46% |
| HDFC Life Insurance Co Ltd. | 2.46% | 0.00% | -2.46% |
| Oil And Natural Gas Corporation Ltd. | 0.00% | 2.46% | +2.46% |
| Bharat Electronics Ltd. | 0.00% | 2.45% | +2.45% |
| State Bank of India | 0.00% | 2.45% | +2.45% |
| Tata Consumer Products Ltd. | 0.00% | 2.44% | +2.44% |
| Bank of Maharashtra | 0.00% | 2.43% | +2.43% |
| IDFC First Bank Ltd. | 0.00% | 2.43% | +2.43% |
| FSN E-Commerce Ventures Ltd. | 0.00% | 2.42% | +2.42% |
| Hindalco Industries Ltd. | 0.00% | 2.38% | +2.38% |
| Reliance Industries Ltd. | 0.00% | 2.38% | +2.38% |
| The Federal Bank Ltd. | 0.00% | 2.38% | +2.38% |
| ABB India Ltd. | 0.00% | 2.37% | +2.37% |
| Apollo Hospitals Enterprise Ltd. | 0.00% | 2.35% | +2.35% |
| NMDC Ltd. | 0.00% | 2.31% | +2.31% |
| Tata Elxsi Ltd. | 2.28% | 0.00% | -2.28% |
| Bajaj Finance Ltd. | 2.27% | 0.00% | -2.27% |
| General Insurance Corporation of India | 0.00% | 2.21% | +2.21% |
| Varun Beverages Ltd. | 2.20% | 0.00% | -2.20% |
| L&T Finance Ltd. | 0.00% | 2.18% | +2.18% |
| Kei Industries Ltd. | 2.12% | 0.00% | -2.12% |
| Indian Bank | 2.11% | 0.00% | -2.11% |
| Max Financial Services Ltd. | 1.98% | 0.00% | -1.98% |
| Alkem Laboratories Ltd. | 0.00% | 1.88% | +1.88% |
| Page Industries Ltd. | 1.83% | 0.00% | -1.83% |
| Power Finance Corporation Ltd. | 1.68% | 0.00% | -1.68% |
| Tata Steel Ltd. | 4.07% | 2.52% | -1.55% |
| Jubilant FoodWorks Ltd. | 1.51% | 0.00% | -1.51% |
| JSW Steel Ltd. | 3.95% | 2.47% | -1.48% |
| Lupin Ltd. | 3.95% | 2.49% | -1.46% |
| Bank of India | 0.00% | 1.21% | +1.21% |
| Cummins India Ltd. | 3.60% | 2.39% | -1.21% |
| AU Small Finance Bank Ltd. | 0.00% | 1.19% | +1.19% |
| Eicher Motors Ltd. | 3.52% | 2.39% | -1.13% |
| 360 One Wam Ltd. | 1.12% | 0.00% | -1.12% |
| Titan Company Ltd. | 3.35% | 2.37% | -0.98% |
| LIC Housing Finance Ltd. | 0.95% | 0.00% | -0.95% |
| Asian Paints Ltd. | 0.92% | 0.00% | -0.92% |
| Nestle India Ltd. | 3.31% | 2.42% | -0.89% |
| Tata Power Company Ltd. | 0.00% | 0.77% | +0.77% |
| Laurus Labs Ltd. | 0.00% | 0.70% | +0.70% |
| Marico Ltd. | 3.15% | 2.48% | -0.67% |
| Coal India Ltd. | 3.18% | 2.53% | -0.65% |
| Yes Bank Ltd. | 2.49% | 2.40% | -0.09% |
| Others | 0.15% | 0.17% | +0.02% |
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 | ₹669 Cr | 2.54% | 7.8% | 5.6% | 12.3% |
 Quant Quantamental Fund | ₹1,547 Cr | 2.75% | 8.6% | 6.5% | 14.1% |
 Samco Active Momentum Fund | ₹775 Cr | 3.40% | 21.2% | 6.8% | — |
 360 ONE Quant Fund | ₹751 Cr | 2.45% | -1.8% | 2.6% | — |
 ICICI Prudential Quant Fund | ₹164 Cr | 2.83% | 6.3% | 5.9% | 10.4% |
 Nippon India Quant Fund | ₹108 Cr | 1.27% | 4.8% | 6.1% | 12.3% |
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−5.05% absolute | ₹60,000 | ₹56,970 | −5.05% | |
| 1 year−7.13% annualised | ₹1,20,000 | ₹1,15,465 | −3.78% |
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 Multi-Factor Fund?
The NAV of Bandhan Multi-Factor Fund is ₹9.33 as on 9 Nov 2026.
What is the expense ratio of Bandhan Multi-Factor Fund?
The expense ratio of Bandhan Multi-Factor Fund is 4.26% per year.
What is the minimum SIP amount for Bandhan Multi-Factor Fund?
You can start a SIP in Bandhan Multi-Factor Fund with ₹3,000 a month.
Is there a lock-in or exit load on Bandhan Multi-Factor Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 30 days..
How risky is Bandhan Multi-Factor Fund?
Bandhan Multi-Factor Fund is rated Very High on the SEBI riskometer and belongs to the Quant category.
Which fund house manages Bandhan Multi-Factor Fund?
Bandhan Multi-Factor Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,19,896 Cr under management.