Bandhan Retirement Fund
Retirement SolutionsVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹12.27-1.33%1 day
- Return since launch
- 7.7%
- 52-week range
- ₹11.67 — ₹12.98
- AUM
- ₹182 Cr
Bandhan Retirement Fund is a Retirement Solutions hybrid fund from Bandhan Mutual Fund with ₹182 Cr under management, launched in 2023. The expense ratio is 2.56% and the SEBI riskometer reading is Very High.
Performance
Bandhan Retirement Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.6% against -0.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -4.7% | −5.4 pts | 0.7% | -1.2% |
| 2Y | -0.8% | −3.0 pts | 2.2% | 1.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.6% | −1.0 pts | -2.6% | -2.4% |
| 3M | -2.4% | −1.6 pts | -0.8% | -1.1% |
| 6M | 2.2% | −2.1 pts | 4.3% | 4.2% |
| 1Y | -2.6% | −3.3 pts | 0.7% | -0.4% |
| 2Y | -1.6% | −1.9 pts | 0.3% | 0.8% |
Since launch (28 Sep 2023): 7.7%
Calendar-year returns
Category average12.7%
6.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | +0.1 pts | 6.5% |
| 2024 | 12.7% | −2.2 pts | 14.8% |
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
2.55%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.02%
- Transaction charges
- 0.01%
- Statutory levies
- 0.42%
- Exit load
- 0%
- Lock-in
- 5 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Hybrid 50+50 Moderate Index
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 Retirement Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity62.6%
- Debt21.3%
- Other16.1%
Market cap split
- Large78.0%
- Mid15.4%
- Small6.6%
- P/E
- 22.80
- P/B
- 3.24
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 21.31% | ₹38.75 Cr | +21.31% | +21.45% | +22.09% |
| Others | Others | 16.06% | ₹29.21 Cr | +49.70% | +81.60% | +11.65% |
| Bharti Airtel Ltd. | Communication | 5.45% | ₹9.91 Cr | +5.53% | +5.55% | +5.72% |
| ICICI Bank Ltd. | Financial | 4.80% | ₹8.72 Cr | +4.17% | -2.46% | -2.56% |
| HDFC Bank Ltd. | Financial | 4.09% | ₹7.44 Cr | +4.33% | +3.60% | +3.27% |
| Reliance Industries Ltd. | Energy | 2.83% | ₹5.14 Cr | -4.64% | -4.76% | -4.76% |
| Hitachi Energy India Ltd. | Capital Goods | 2.75% | ₹5.01 Cr | +3.15% | +2.05% | +1.57% |
| State Bank of India | Financial | 2.16% | ₹3.92 Cr | +1.97% | +2.40% | +1.64% |
| Axis Bank Ltd. | Financial | 1.93% | ₹3.51 Cr | +1.92% | +1.35% | +1.96% |
| Maruti Suzuki India Ltd. | Automobile | 1.79% | ₹3.25 Cr | +1.74% | +1.93% | +1.97% |
| Kotak Mahindra Bank Ltd. | Financial | 1.70% | ₹3.08 Cr | -3.78% | -3.98% | -3.84% |
| Info Edge (India) Ltd. | Services | 1.69% | ₹3.07 Cr | +1.29% | +1.30% | +1.76% |
| Infosys Ltd. | Technology | 1.63% | ₹2.97 Cr | +1.68% | +1.84% | +2.32% |
| Hindalco Industries Ltd. | Metals & Mining | 1.57% | ₹2.86 Cr | +1.76% | +1.41% | +1.10% |
| Larsen & Toubro Ltd. | Construction | 1.47% | ₹2.67 Cr | -4.78% | -4.88% | -4.20% |
| ITC Ltd. | Consumer Staples | 1.40% | ₹2.56 Cr | +1.59% | +0.43% | +0.57% |
| Tata Consultancy Services Ltd. | Technology | 1.32% | ₹2.40 Cr | +1.25% | -1.07% | -1.29% |
| Jindal Steel Ltd. | Metals & Mining | 1.31% | ₹2.39 Cr | +1.34% | +2.01% | +1.57% |
| Hero Motocorp Ltd. | Automobile | 1.26% | ₹2.29 Cr | +1.14% | +1.29% | +1.18% |
| Max Financial Services Ltd. | Financial | 1.25% | ₹2.28 Cr | +1.34% | +1.42% | +1.29% |
| Bajaj Finance Ltd. | Financial | 1.16% | ₹2.11 Cr | +1.01% | +1.08% | +0.97% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.15% | ₹2.09 Cr | +0.96% | +1.05% | +0.89% |
| Titan Company Ltd. | Consumer Discretionary | 1.13% | ₹2.05 Cr | -4.46% | -4.60% | -3.96% |
| NHPC Ltd. | Energy | 1.09% | ₹1.98 Cr | +1.13% | +1.05% | +1.10% |
| Eternal Ltd. | Services | 1.08% | ₹1.97 Cr | +0.83% | +0.80% | +1.04% |
| Vishnu Chemicals Ltd. | Chemicals | 1.08% | ₹1.96 Cr | +0.96% | +0.82% | +0.82% |
| Berger Paints India Ltd. | Materials | 0.96% | ₹1.74 Cr | +0.97% | +0.86% | +1.03% |
| Coal India Ltd. | Materials | 0.95% | ₹1.73 Cr | +1.09% | +1.00% | +0.89% |
| Cipla Ltd. | Healthcare | 0.86% | ₹1.57 Cr | +0.86% | +0.81% | +0.98% |
| United Spirits Ltd. | Consumer Staples | 0.82% | ₹1.49 Cr | +0.70% | +0.75% | +0.73% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.81% | ₹1.47 Cr | +0.81% | +0.63% | +0.62% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 0.78% | ₹1.42 Cr | +0.73% | +0.63% | +0.62% |
| Lupin Ltd. | Healthcare | 0.76% | ₹1.37 Cr | +0.79% | +0.78% | +0.66% |
| Exide Industries Ltd. | Capital Goods | 0.73% | ₹1.32 Cr | +0.64% | +0.54% | +0.66% |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.61% | ₹1.12 Cr | +0.70% | +0.58% | +0.51% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.60% | ₹1.09 Cr | +0.66% | +0.77% | +0.86% |
| Jindal Stainless Ltd. | Metals & Mining | 0.58% | ₹1.05 Cr | +0.57% | +0.63% | +0.63% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.55% | ₹1.01 Cr | +0.45% | +0.54% | +0.38% |
| Interglobe Aviation Ltd. | Services | 0.53% | ₹0.97 Cr | +0.45% | +0.48% | +0.58% |
| Tata Motors Ltd. | Automobile | 0.53% | ₹0.95 Cr | +0.43% | +0.55% | — |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 0.52% | ₹0.95 Cr | +0.57% | +0.61% | +0.65% |
| Sonata Software Ltd. | Technology | 0.48% | ₹0.88 Cr | +0.44% | +0.43% | +0.58% |
| Dabur India Ltd. | Consumer Staples | 0.46% | ₹0.84 Cr | +0.54% | +0.62% | +0.63% |
| Lodha Developers Ltd. | Construction | 0.43% | ₹0.79 Cr | +0.34% | +0.35% | +0.43% |
| UNO Minda Ltd. | Automobile | 0.42% | ₹0.77 Cr | +0.37% | +0.39% | +0.42% |
| Varun Beverages Ltd. | Consumer Staples | 0.40% | ₹0.73 Cr | +0.54% | +0.45% | +0.49% |
| Emami Ltd. | Consumer Staples | 0.38% | ₹0.69 Cr | +0.42% | +0.47% | +0.60% |
| Dhanuka Agritech Ltd. | Chemicals | 0.37% | ₹0.68 Cr | +0.45% | +0.39% | +0.63% |
| Sobha Ltd. | Construction | 0.34% | ₹0.62 Cr | +0.39% | +0.37% | +0.39% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.34% | ₹0.63 Cr | +0.44% | +0.42% | +0.75% |
| Mankind Pharma Ltd. | Healthcare | 0.32% | ₹0.58 Cr | +0.32% | +0.29% | +0.33% |
| Wipro Ltd. | Technology | 0.32% | ₹0.57 Cr | +0.37% | +0.36% | +0.46% |
| Jubilant Ingrevia Ltd. | Chemicals | 0.28% | ₹0.51 Cr | +0.27% | +0.24% | +0.31% |
| Neogen Chemicals Ltd. | Chemicals | 0.20% | ₹0.36 Cr | +0.17% | +0.13% | +0.13% |
| Zee Entertainment Enterprises Ltd. | Communication | 0.13% | ₹0.24 Cr | +0.13% | +0.12% | +0.17% |
| GAIL (India) Ltd. | Energy | 0.08% | ₹0.15 Cr | +0.08% | +0.08% | +0.08% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 10.00% | 6.03% | -3.97% |
| Bharti Airtel Ltd. | 5.83% | 5.45% | -0.38% |
| Kotak Mahindra Bank Ltd. | -1.86% | -2.06% | -0.20% |
| Titan Company Ltd. | -2.59% | -2.78% | -0.19% |
| Hitachi Energy India Ltd. | 2.58% | 2.75% | +0.17% |
| HDFC Bank Ltd. | 4.25% | 4.09% | -0.16% |
| GOI | 21.16% | 21.31% | +0.15% |
| Axis Bank Ltd. | 1.79% | 1.93% | +0.14% |
| Info Edge (India) Ltd. | 1.55% | 1.69% | +0.14% |
| ICICI Bank Ltd. | 4.66% | 4.80% | +0.14% |
| ITC Ltd. | 1.52% | 1.40% | -0.12% |
| Jindal Steel Ltd. | 1.19% | 1.31% | +0.12% |
| State Bank of India | 2.05% | 2.16% | +0.11% |
| Eternal Ltd. | 0.98% | 1.08% | +0.10% |
| Larsen & Toubro Ltd. | -2.24% | -2.34% | -0.10% |
| Hindalco Industries Ltd. | 1.48% | 1.57% | +0.09% |
| Vishnu Chemicals Ltd. | 1.00% | 1.08% | +0.08% |
| Bajaj Finance Ltd. | 1.23% | 1.16% | -0.07% |
| Max Financial Services Ltd. | 1.18% | 1.25% | +0.07% |
| CG Power and Industrial Solutions Ltd. | 0.75% | 0.81% | +0.06% |
| Maruti Suzuki India Ltd. | 1.85% | 1.79% | -0.06% |
| Lupin Ltd. | 0.82% | 0.76% | -0.06% |
| Tata Motors Ltd. | 0.48% | 0.53% | +0.05% |
| Colgate-Palmolive (India) Ltd. | 0.56% | 0.52% | -0.04% |
| Hero Motocorp Ltd. | 1.22% | 1.26% | +0.04% |
| Sonata Software Ltd. | 0.52% | 0.48% | -0.04% |
| Tata Consultancy Services Ltd. | 1.28% | 1.32% | +0.04% |
| Dabur India Ltd. | 0.50% | 0.46% | -0.04% |
| UNO Minda Ltd. | 0.38% | 0.42% | +0.04% |
| Varun Beverages Ltd. | 0.44% | 0.40% | -0.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.64% | 0.61% | -0.03% |
| Cipla Ltd. | 0.89% | 0.86% | -0.03% |
| Star Health and Allied Insurance Company Ltd. | 0.81% | 0.78% | -0.03% |
| Zee Entertainment Enterprises Ltd. | 0.16% | 0.13% | -0.03% |
| Emami Ltd. | 0.41% | 0.38% | -0.03% |
| Tata Motors Passenger Vehicles Ltd. | 0.37% | 0.34% | -0.03% |
| Infosys Ltd. | 1.60% | 1.63% | +0.03% |
| Berger Paints India Ltd. | 0.98% | 0.96% | -0.02% |
| Cholamandalam Investment and Finance Company Ltd. | 1.13% | 1.15% | +0.02% |
| Coal India Ltd. | 0.97% | 0.95% | -0.02% |
| Neogen Chemicals Ltd. | 0.18% | 0.20% | +0.02% |
| Reliance Industries Ltd. | -2.23% | -2.25% | -0.02% |
| Jubilant Ingrevia Ltd. | 0.30% | 0.28% | -0.02% |
| Sobha Ltd. | 0.36% | 0.34% | -0.02% |
| Dhanuka Agritech Ltd. | 0.38% | 0.37% | -0.01% |
| HDFC Life Insurance Co Ltd. | 0.59% | 0.60% | +0.01% |
| Interglobe Aviation Ltd. | 0.52% | 0.53% | +0.01% |
| Jindal Stainless Ltd. | 0.59% | 0.58% | -0.01% |
| Lodha Developers Ltd. | 0.44% | 0.43% | -0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 0.56% | 0.55% | -0.01% |
| NHPC Ltd. | 1.10% | 1.09% | -0.01% |
| Wipro Ltd. | 0.31% | 0.32% | +0.01% |
| Exide Industries Ltd. | 0.73% | 0.73% | 0.00% |
| GAIL (India) Ltd. | 0.08% | 0.08% | 0.00% |
| Mankind Pharma Ltd. | 0.32% | 0.32% | 0.00% |
| United Spirits Ltd. | 0.82% | 0.82% | 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 | ₹936 Cr | 2.43% | 0.9% | 5.4% | 9.4% |
 Tata Retirement Savings Moderate Fund | ₹2,251 Cr | 2.17% | 5.8% | 6.5% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,320 Cr | 2.48% | 3.3% | 9.6% | 14.2% |
 Axis Retirement Fund - Aggressive Plan | ₹706 Cr | 2.49% | -3.0% | 2.7% | 6.9% |
| Axis Retirement Fund - Dynamic Plan | ₹285 Cr | 2.57% | -1.6% | 3.4% | 7.6% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹116 Cr | 2.42% | -0.2% | 5.0% | 8.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to provide long-term capital appreciation / income by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals.
Fund managers
- Gautam KaulMr. Kaul is a B.Com (H) and MBA (Finance).Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
- Viraj KulkarniMr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance).Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).
- Vishal BiraiaMr. Biraia has done B.E and CFAPrior to joining Bandhan Mutual Fund, he has worked with Max Life Insurance Company Ltd, Aviva India, Antique Stock Broking Ltd, Emkay Global Financial Services Ltd and Batlivala & Karani Securities India Pvt. Ltd.
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 months2.17% absolute | ₹60,000 | ₹61,302 | 2.17% | |
| 1 year−2.57% annualised | ₹1,20,000 | ₹1,18,343 | −1.38% |
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 Retirement Fund?
The NAV of Bandhan Retirement Fund is ₹12.27 as on 24 Sep 2026.
What is the expense ratio of Bandhan Retirement Fund?
The expense ratio of Bandhan Retirement Fund is 2.56% per year.
What is the minimum SIP amount for Bandhan Retirement Fund?
You can start a SIP in Bandhan Retirement Fund with ₹3,000 a month.
Is there a lock-in or exit load on Bandhan Retirement Fund?
Lock-in: 5 years. Exit load: 0%.
How risky is Bandhan Retirement Fund?
Bandhan Retirement Fund is rated Very High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages Bandhan Retirement Fund?
Bandhan Retirement Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,06,009 Cr under management.