Bandhan Retirement Fund
Retirement SolutionsVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹12.910.00%1 day
- Return since launch
- 8.7%
- 52-week range
- ₹11.67 — ₹12.98
- AUM
- ₹174 Cr
Bandhan Retirement Fund is a Retirement Solutions hybrid fund from Bandhan Mutual Fund with ₹174 Cr under management, launched in 2023. Over three years it has returned 4.8% a year, against 8.6% for its category. The expense ratio is 2.62% 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 +0.9% against +0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.1% | +4.6 pts | 1.5% | 3.3% |
| 2Y | 4.3% | 0.0 pts | 4.4% | 3.3% |
| 3Y | 4.8% | −3.8 pts | 8.6% | 4.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.5% | +3.1 pts | 4.4% | 4.3% |
| 3M | 0.6% | +1.2 pts | -0.6% | -0.4% |
| 6M | 4.7% | +1.3 pts | 3.4% | 3.2% |
| 1Y | 1.2% | −0.2 pts | 1.5% | 0.4% |
| 2Y | 3.3% | 0.0 pts | 3.3% | 3.5% |
| 3Y | 8.8% | +0.2 pts | 8.6% | 8.6% |
Since launch (28 Sep 2023): 8.7%
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
2.70%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.07%
- Transaction charges
- 0.01%
- Statutory levies
- 0.52%
- 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.07 | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.21 | 0.40 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.26 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 9.30 | 13.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Retirement Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity65.0%
- Debt22.0%
- Other13.0%
Market cap split
- Large78.9%
- Mid14.6%
- Small6.5%
- P/E
- 20.12
- P/B
- 2.83
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 22.01% | ₹38.41 Cr | +21.86% | +22.17% | +22.20% |
| Others | Others | 12.98% | ₹22.65 Cr | +49.95% | +78.70% | +78.20% |
| HDFC Bank Ltd. | Financial | 6.50% | ₹11.34 Cr | +4.58% | +4.47% | +3.24% |
| ICICI Bank Ltd. | Financial | 5.61% | ₹9.78 Cr | +4.51% | -2.32% | -2.45% |
| Reliance Industries Ltd. | Energy | 4.41% | ₹7.70 Cr | -4.48% | -4.94% | -4.74% |
| Bharti Airtel Ltd. | Communication | 3.35% | ₹5.84 Cr | +5.54% | +5.67% | +5.64% |
| Infosys Ltd. | Technology | 3.13% | ₹5.47 Cr | +1.43% | +1.91% | +2.26% |
| Maruti Suzuki India Ltd. | Automobile | 2.67% | ₹4.67 Cr | +1.85% | +1.72% | +2.11% |
| Axis Bank Ltd. | Financial | 2.67% | ₹4.66 Cr | +1.99% | +1.83% | +2.10% |
| Hitachi Energy India Ltd. | Capital Goods | 2.60% | ₹4.54 Cr | +2.83% | +2.09% | +1.47% |
| Kotak Mahindra Bank Ltd. | Financial | 2.27% | ₹3.96 Cr | -3.80% | -3.64% | -3.88% |
| Tata Consultancy Services Ltd. | Technology | 2.06% | ₹3.59 Cr | +1.11% | -1.03% | -1.20% |
| ITC Ltd. | Consumer Staples | 2.00% | ₹3.49 Cr | +1.57% | +1.67% | +0.55% |
| Bajaj Finserv Ltd. | Financial | 1.79% | ₹3.12 Cr | — | -0.91% | -1.05% |
| Info Edge (India) Ltd. | Services | 1.63% | ₹2.85 Cr | +1.25% | +1.32% | +1.68% |
| Jindal Steel Ltd. | Metals & Mining | 1.30% | ₹2.27 Cr | +1.16% | +1.94% | +1.75% |
| Hero Motocorp Ltd. | Automobile | 1.26% | ₹2.20 Cr | +1.10% | +1.24% | +1.26% |
| Vishnu Chemicals Ltd. | Chemicals | 1.15% | ₹2.00 Cr | +0.99% | +0.86% | +0.75% |
| Max Financial Services Ltd. | Financial | 1.14% | ₹1.99 Cr | +1.26% | +1.26% | +1.26% |
| Eternal Ltd. | Services | 1.10% | ₹1.92 Cr | +0.87% | +0.80% | +1.07% |
| Bajaj Finance Ltd. | Financial | 1.10% | ₹1.92 Cr | +1.10% | +0.93% | +1.10% |
| NHPC Ltd. | Energy | 1.08% | ₹1.88 Cr | +1.15% | +1.11% | +1.22% |
| Titan Company Ltd. | Consumer Discretionary | 1.06% | ₹1.85 Cr | -4.74% | -4.52% | -3.64% |
| Coal India Ltd. | Materials | 1.05% | ₹1.83 Cr | +1.04% | +1.13% | +0.92% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.05% | ₹1.82 Cr | +1.10% | +0.89% | +1.00% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.04% | ₹1.81 Cr | — | — | — |
| Berger Paints India Ltd. | Materials | 0.91% | ₹1.59 Cr | +0.98% | +0.84% | +0.99% |
| Cipla Ltd. | Healthcare | 0.86% | ₹1.50 Cr | +0.89% | +0.79% | +0.92% |
| United Spirits Ltd. | Consumer Staples | 0.78% | ₹1.35 Cr | +0.74% | +0.71% | +0.73% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 0.77% | ₹1.34 Cr | +0.81% | +0.67% | +0.61% |
| Lupin Ltd. | Healthcare | 0.73% | ₹1.27 Cr | +0.83% | +0.85% | +0.66% |
| Exide Industries Ltd. | Capital Goods | 0.71% | ₹1.24 Cr | +0.64% | +0.50% | +0.64% |
| Jindal Stainless Ltd. | Metals & Mining | 0.64% | ₹1.12 Cr | +0.57% | +0.62% | +0.61% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.60% | ₹1.04 Cr | +0.63% | +0.69% | +0.83% |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 0.51% | ₹0.88 Cr | +0.55% | +0.52% | +0.61% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.50% | ₹0.88 Cr | +0.47% | +0.45% | +0.41% |
| Dabur India Ltd. | Consumer Staples | 0.48% | ₹0.84 Cr | +0.51% | +0.53% | +0.59% |
| Varun Beverages Ltd. | Consumer Staples | 0.45% | ₹0.79 Cr | +0.51% | +0.41% | +0.45% |
| Sonata Software Ltd. | Technology | 0.44% | ₹0.77 Cr | +0.44% | +0.37% | +0.57% |
| Lodha Developers Ltd. | Construction | 0.43% | ₹0.75 Cr | +0.34% | +0.26% | +0.41% |
| Emami Ltd. | Consumer Staples | 0.41% | ₹0.72 Cr | +0.42% | +0.44% | +0.56% |
| UNO Minda Ltd. | Automobile | 0.40% | ₹0.70 Cr | +0.36% | +0.36% | +0.43% |
| Dhanuka Agritech Ltd. | Chemicals | 0.37% | ₹0.65 Cr | +0.40% | +0.37% | +0.60% |
| Mankind Pharma Ltd. | Healthcare | 0.35% | ₹0.60 Cr | +0.34% | +0.28% | +0.32% |
| Sobha Ltd. | Construction | 0.34% | ₹0.60 Cr | +0.37% | +0.34% | +0.42% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.33% | ₹0.57 Cr | +0.39% | +0.35% | +0.76% |
| Jubilant Ingrevia Ltd. | Chemicals | 0.28% | ₹0.50 Cr | +0.25% | +0.24% | +0.27% |
| Wipro Ltd. | Technology | 0.28% | ₹0.49 Cr | +0.29% | +0.36% | +0.43% |
| Neogen Chemicals Ltd. | Chemicals | 0.23% | ₹0.40 Cr | +0.18% | +0.11% | +0.14% |
| Zee Entertainment Enterprises Ltd. | Communication | 0.11% | ₹0.19 Cr | +0.15% | +0.11% | +0.16% |
| GAIL (India) Ltd. | Energy | 0.08% | ₹0.15 Cr | +0.08% | +0.07% | +0.08% |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.00 Cr | -4.78% | -4.30% | -4.24% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 6.03% | 0.57% | -5.46% |
| HDFC Bank Ltd. | 4.09% | 6.50% | +2.41% |
| State Bank of India | 2.16% | 0.00% | -2.16% |
| Bharti Airtel Ltd. | 5.45% | 3.35% | -2.10% |
| Bajaj Finserv Ltd. | 0.00% | 1.79% | +1.79% |
| Hindalco Industries Ltd. | 1.57% | 0.00% | -1.57% |
| Infosys Ltd. | 1.63% | 3.13% | +1.50% |
| Oil And Natural Gas Corporation Ltd. | 0.00% | 1.04% | +1.04% |
| Maruti Suzuki India Ltd. | 1.79% | 2.67% | +0.88% |
| CG Power and Industrial Solutions Ltd. | 0.81% | 0.00% | -0.81% |
| ICICI Bank Ltd. | 4.80% | 5.61% | +0.81% |
| Axis Bank Ltd. | 1.93% | 2.67% | +0.74% |
| Tata Consultancy Services Ltd. | 1.32% | 2.06% | +0.74% |
| GOI | 21.31% | 22.01% | +0.70% |
| Adani Ports and Special Economic Zone Ltd. | 0.61% | 0.00% | -0.61% |
| ITC Ltd. | 1.40% | 2.00% | +0.60% |
| Interglobe Aviation Ltd. | 0.53% | 0.00% | -0.53% |
| Tata Motors Ltd. | 0.53% | 0.00% | -0.53% |
| Titan Company Ltd. | -2.78% | -2.60% | +0.18% |
| Hitachi Energy India Ltd. | 2.75% | 2.60% | -0.15% |
| Max Financial Services Ltd. | 1.25% | 1.14% | -0.11% |
| Cholamandalam Investment and Finance Company Ltd. | 1.15% | 1.05% | -0.10% |
| Coal India Ltd. | 0.95% | 1.05% | +0.10% |
| Reliance Industries Ltd. | -2.25% | -2.15% | +0.10% |
| Larsen & Toubro Ltd. | -2.34% | -2.26% | +0.08% |
| Vishnu Chemicals Ltd. | 1.08% | 1.15% | +0.07% |
| Bajaj Finance Ltd. | 1.16% | 1.10% | -0.06% |
| Jindal Stainless Ltd. | 0.58% | 0.64% | +0.06% |
| Info Edge (India) Ltd. | 1.69% | 1.63% | -0.06% |
| Varun Beverages Ltd. | 0.40% | 0.45% | +0.05% |
| Mahindra & Mahindra Financial Services Ltd. | 0.55% | 0.50% | -0.05% |
| Berger Paints India Ltd. | 0.96% | 0.91% | -0.05% |
| United Spirits Ltd. | 0.82% | 0.78% | -0.04% |
| Kotak Mahindra Bank Ltd. | -2.06% | -2.10% | -0.04% |
| Wipro Ltd. | 0.32% | 0.28% | -0.04% |
| Sonata Software Ltd. | 0.48% | 0.44% | -0.04% |
| Emami Ltd. | 0.38% | 0.41% | +0.03% |
| Neogen Chemicals Ltd. | 0.20% | 0.23% | +0.03% |
| Lupin Ltd. | 0.76% | 0.73% | -0.03% |
| Mankind Pharma Ltd. | 0.32% | 0.35% | +0.03% |
| Exide Industries Ltd. | 0.73% | 0.71% | -0.02% |
| Eternal Ltd. | 1.08% | 1.10% | +0.02% |
| Zee Entertainment Enterprises Ltd. | 0.13% | 0.11% | -0.02% |
| Dabur India Ltd. | 0.46% | 0.48% | +0.02% |
| UNO Minda Ltd. | 0.42% | 0.40% | -0.02% |
| Colgate-Palmolive (India) Ltd. | 0.52% | 0.51% | -0.01% |
| Star Health and Allied Insurance Company Ltd. | 0.78% | 0.77% | -0.01% |
| NHPC Ltd. | 1.09% | 1.08% | -0.01% |
| Tata Motors Passenger Vehicles Ltd. | 0.34% | 0.33% | -0.01% |
| Jindal Steel Ltd. | 1.31% | 1.30% | -0.01% |
| Jubilant Ingrevia Ltd. | 0.28% | 0.28% | 0.00% |
| GAIL (India) Ltd. | 0.08% | 0.08% | 0.00% |
| Sobha Ltd. | 0.34% | 0.34% | 0.00% |
| Lodha Developers Ltd. | 0.43% | 0.43% | 0.00% |
| HDFC Life Insurance Co Ltd. | 0.60% | 0.60% | 0.00% |
| Cipla Ltd. | 0.86% | 0.86% | 0.00% |
| Dhanuka Agritech Ltd. | 0.37% | 0.37% | 0.00% |
| Hero Motocorp Ltd. | 1.26% | 1.26% | 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 | ₹874 Cr | 2.42% | 5.9% | 6.1% | 9.8% |
 Tata Retirement Savings Moderate Fund | ₹2,115 Cr | 2.16% | 9.2% | 6.9% | 10.2% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,218 Cr | 2.45% | 0.6% | 7.3% | 12.8% |
 Axis Retirement Fund - Aggressive Plan | ₹664 Cr | 2.49% | 6.3% | 4.8% | 8.2% |
| Axis Retirement Fund - Dynamic Plan | ₹267 Cr | 2.56% | 7.3% | 5.2% | 8.7% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹108 Cr | 2.42% | 6.2% | 6.4% | 9.2% |
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 months4.66% absolute | ₹60,000 | ₹62,796 | 4.66% | |
| 1 year1.24% annualised | ₹1,20,000 | ₹1,20,809 | 0.67% | |
| 3 years8.79% annualised | ₹3,60,000 | ₹4,13,226 | 14.79% |
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 ₹12.91 as on 9 Nov 2026.
What is the expense ratio of Bandhan Retirement Fund?
The expense ratio of Bandhan Retirement Fund is 2.62% 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 ₹2,19,896 Cr under management.