Bandhan Innovation Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Bandhan Innovation Fund Direct-Growth is a 1 yrs 9 m old fund and has delivered average annual returns of 15.26% since inception. Bandhan Innovation Fund Direct-Growth Returns 1-Year Since Inception 9.45% 15.26%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹12.92-0.41% 1 day change	15.26% p.a.	App exclusive #NA View Ranked Funds	₹1,984 Cr

Historical NAV & returns

NAV: ₹12.92 as on Feb 02, 2026

This fund Category average

Bandhan Innovation Fund overview

Expense ratio	0.64% as on Feb 02, 2026
Exit load	0.5% Exit load of 0.50%, if redeemed within 30 days.!
AUM (Fund size)	₹1,984 Cr
Lock-in Period	Nil
Age	1 yrs 9 m since Apr 10, 2024
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Bandhan Innovation Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-6.13%	-5.86%
3 Months	-7.69%	-6.31%
6 Months	-0.94%	-2.47%
1 Year	9.45%	4.55%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 36.05%

Mid Cap 23.38%

Small Cap 39.12%

Other Cap 0%

Top holdings

Eternal Ltd.4.97%

One97 Communications Ltd.4.79%

Astrazeneca Pharma India Ltd.3.82%

Reliance Industries Ltd.3.36%

Top sectors

Services 21.2%

Healthcare 15.53%

Financial 13.330000000000002%

Automobile 9.319999999999999%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 0.01%

Allocation by Instruments

Reverse Repo 2.06950079%

Cash Margin 0.35290677%

Margin Money 0.0128458%

Cash 7.9151E-4%

Other Holdings

Others 2.07%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bandhan Innovation Fund	-6.13%	-0.94%	9.45%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-4.29%	0.56%	12.31%	25.11%	23.08%	14.14%
ICICI Prudential Exports and Services Fund	-4.74%	0.97%	9.13%	19.25%	17.99%	14.59%
Sundaram Services Fund	-5.94%	0.44%	9.19%	19.21%	19.1%	14.12%
UTI Transportation and Logistics Fund	-6.66%	6.64%	15.26%	24.57%	19.93%	15.06%
ICICI Prudential Commodities Fund	-1.54%	7.25%	23.21%	20.06%	26.31%	17.25%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bandhan Innovation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.88	1.05	1.12	1.61
ICICI Prudential Exports and Services Fund	11.2	0.83	1.13	2.19
Sundaram Services Fund	12.28	0.88	1.03	1.69
UTI Transportation and Logistics Fund	15.99	0.9	1.07	1.39
ICICI Prudential Commodities Fund	14.62	0.95	0.94	1.44

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Bandhan Innovation Fund	N.A.	1,984 Cr	1 yrs 9 m	0.64%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	7 yrs 4 m	0.79%
ICICI Prudential Exports and Services Fund	N.A.	1,434 Cr	13 yrs 1 m	1.67%
Sundaram Services Fund	N.A.	4,809 Cr	7 yrs 5 m	0.68%
UTI Transportation and Logistics Fund	N.A.	4,084 Cr	13 yrs 1 m	0.83%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	6 yrs 4 m	1.0%

View all Thematic funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

About this fund

About Bandhan Innovation Fund

Bandhan Innovation Fund Direct-Growth is a Thematic mutual fund scheme from Bandhan Mutual Fund. This fund has been in existence for 1 yrs 9 m, having been launched on 10/04/2024. Bandhan Innovation Fund Direct-Growth has ₹1,984 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Bandhan Innovation Fund Direct-Growth as of 02/02/2026 is ₹12.92. The fund has an expense ratio of 0.64%, which is less than what most other Thematic funds charge.

Bandhan Innovation Fund Direct-Growth returns of last 1-year are 10.51%. Since launch, it has delivered 15.65% average annual returns.
The fund has the majority of its money invested in Services, Healthcare, Financial, Automobile, Consumer Staples sectors. It has taken less exposure in Services, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in Eternal Ltd., One97 Communications Ltd., Astrazeneca Pharma India Ltd., Reliance Industries Ltd., Bajaj Finserv Ltd..

...

Fund AUM	1,984 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Manish Gunwani

Mr. 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.

Brijesh Shah

Mr. 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.

Prateek Poddar

Mr. Poddar is a B.Com, CFA, CA Prior 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.

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.

Bandhan Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	1,99,722 Cr as on Dec 31, 2025
Address	One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai, 400013

More funds from Bandhan Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Bandhan Small Cap Fund	N.A.	18,990 Cr	5.13%	24.99%
Bandhan Infrastructure Fund	N.A.	1,522 Cr	0.41%	23.86%
Bandhan Value Fund	N.A.	10,463 Cr	6.1%	20.96%
Bandhan Large & Mid Cap Fund	N.A.	13,636 Cr	10.69%	20.63%
Bandhan ELSS Tax Saver Fund	N.A.	7,333 Cr	8.67%	17.58%
Bandhan Transportation and Logistics Fund	N.A.	685 Cr	18.55%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Bandhan Innovation Fund Direct-Growth?

The current Net Asset Value (NAV) of the Bandhan Innovation Fund - Direct Growth plan is approximately ₹12.92 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Bandhan Innovation Fund Direct-Growth is a 1 yrs 9 m old fund and has delivered average annual returns of 15.26% since inception.

Bandhan Innovation Fund Direct-Growth Returns

1-Year	Since Inception
9.45%	15.26%

How much does this mutual fund charge as expense ratio?

The Bandhan Innovation Fund - Direct Growth has an expense ratio of 0.64%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Bandhan Innovation Fund currently has assets under management (AUM) or fund size valued at approximately 1,984 Cr as on Dec 31, 2025.

What are the top stock holdings of Bandhan Innovation Fund?

The Bandhan Innovation Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Eternal Ltd.	4.97%
One97 Communications Ltd.	4.79%
Astrazeneca Pharma India Ltd.	3.82%
Reliance Industries Ltd.	3.36%
Bajaj Finserv Ltd.	3.15%
Axis Bank Ltd.	3.03%
Varun Beverages Ltd.	3.01%
Coforge Ltd.	2.8%
Jubilant Ingrevia Ltd.	2.64%
GE Vernova T&D India Ltd	2.62%

What are the top sectors Bandhan Innovation Fund has invested in?

The Bandhan Innovation Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	21.2%
Healthcare	15.53%
Financial	13.330000000000002%
Automobile	9.319999999999999%
Consumer Staples	6.279999999999999%
Technology	6.119999999999999%
Capital Goods	5.949999999999999%
Energy	5.05%
Consumer Discretionary	3.69%
Construction	3.2800000000000002%

What is risk level of Bandhan Innovation Fund?

This is a Thematic fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Bandhan Innovation Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Bandhan Innovation Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Bandhan Innovation Fund is complete.

How can I redeem my investments in Bandhan Innovation Fund?

Redeeming your investments in the Bandhan Innovation Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 1 Year.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.50%, if redeemed within 30 days.