Bandhan Innovation Fund Direct Growth

Fund Overview

Fund Size

₹1,984 Cr

Expense Ratio

0.63%

ISIN

INF194KB1IE2

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

30 Apr 2024

About this fund

Bandhan Innovation Fund Direct Growth is a Equity - Other mutual fund schemes offered by Bandhan Mutual Fund. This fund has been in existence for 1 years, 8 months and 27 days, having been launched on 30-Apr-24.
As of 23-Jan-26, it has a Net Asset Value (NAV) of ₹12.66, Assets Under Management (AUM) of 1983.53 Crores, and an expense ratio of 0.63%.

Bandhan Innovation Fund Direct Growth has given a CAGR return of 14.56% since inception.
The fund's asset allocation comprises around 98.55% in equities, 0.00% in debts, and 1.45% in cash & cash equivalents.
You can start investing in Bandhan Innovation Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+5.07%

— (Cat Avg.)

Since Inception

+14.56%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹1,954.76 Cr	98.55%
Others	₹28.76 Cr	1.45%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Eternal Ltd	Equity	₹98.54 Cr	4.97%
One97 Communications Ltd	Equity	₹95.04 Cr	4.79%
AstraZeneca Pharma India Ltd	Equity	₹75.81 Cr	3.82%
Reliance Industries Ltd	Equity	₹66.6 Cr	3.36%
Bajaj Finserv Ltd	Equity	₹62.51 Cr	3.15%
Axis Bank Ltd	Equity	₹60.02 Cr	3.03%
Varun Beverages Ltd	Equity	₹59.79 Cr	3.01%
Coforge Ltd	Equity	₹55.57 Cr	2.80%
Jubilant Ingrevia Ltd Ordinary Shares	Equity	₹52.43 Cr	2.64%
GE Vernova T&D India Ltd	Equity	₹52.05 Cr	2.62%
Ather Energy Ltd	Equity	₹51.63 Cr	2.60%
HDFC Bank Ltd	Equity	₹47.42 Cr	2.39%
Info Edge (India) Ltd	Equity	₹46.39 Cr	2.34%
Triparty Repo Trp_010126	Cash - Repurchase Agreement	₹41.05 Cr	2.07%
Mahindra & Mahindra Ltd	Equity	₹39.4 Cr	1.99%
Adani Energy Solutions Ltd	Equity	₹33.5 Cr	1.69%
Jubilant Pharmova Ltd	Equity	₹33.44 Cr	1.69%
Divi's Laboratories Ltd	Equity	₹33.25 Cr	1.68%
Poonawalla Fincorp Ltd	Equity	₹32.16 Cr	1.62%
Glenmark Pharmaceuticals Ltd	Equity	₹31.39 Cr	1.58%
Eicher Motors Ltd	Equity	₹30.68 Cr	1.55%
Tata Communications Ltd	Equity	₹28.61 Cr	1.44%
MTAR Technologies Ltd	Equity	₹28.45 Cr	1.43%
Thangamayil Jewellery Ltd	Equity	₹27.97 Cr	1.41%
Tech Mahindra Ltd	Equity	₹27.9 Cr	1.41%
Vedanta Ltd	Equity	₹26.5 Cr	1.34%
Sai Life Sciences Ltd	Equity	₹26.39 Cr	1.33%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹25.74 Cr	1.30%
Honasa Consumer Ltd	Equity	₹25.55 Cr	1.29%
Trent Ltd	Equity	₹25.46 Cr	1.28%
Max Financial Services Ltd	Equity	₹24.86 Cr	1.25%
Dr Agarwal’s Health Care Ltd	Equity	₹24.34 Cr	1.23%
Fortis Healthcare Ltd	Equity	₹23.45 Cr	1.18%
Vintage Coffee & Beverages Ltd	Equity	₹23.05 Cr	1.16%
Tilaknagar Industries Ltd	Equity	₹22.3 Cr	1.12%
KFin Technologies Ltd	Equity	₹21.99 Cr	1.11%
Tega Industries Ltd	Equity	₹21.36 Cr	1.08%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹21.08 Cr	1.06%
E2E Networks Ltd Ordinary Shares	Equity	₹20.96 Cr	1.06%
Torrent Pharmaceuticals Ltd	Equity	₹20.26 Cr	1.02%
Prestige Estates Projects Ltd	Equity	₹19.86 Cr	1.00%
Godrej Properties Ltd	Equity	₹19.61 Cr	0.99%
Ethos Ltd	Equity	₹19.45 Cr	0.98%
KRN Heat Exchanger and Refrigeration Ltd	Equity	₹19.21 Cr	0.97%
3M India Ltd	Equity	₹17 Cr	0.86%
Indian Hotels Co Ltd	Equity	₹16.99 Cr	0.86%
Saregama India Ltd	Equity	₹16.92 Cr	0.85%
Affle 3i Ltd	Equity	₹16.92 Cr	0.85%
Blackbuck Ltd	Equity	₹16.01 Cr	0.81%
Jupiter Life Line Hospitals Ltd	Equity	₹15.79 Cr	0.80%
Cholamandalam Investment and Finance Co Ltd	Equity	₹15.48 Cr	0.78%
Canara HSBC Life Insurance Co Ltd	Equity	₹15.47 Cr	0.78%
Meesho Ltd	Equity	₹15.28 Cr	0.77%
Ramco Cements Ltd	Equity	₹14.43 Cr	0.73%
Sona BLW Precision Forgings Ltd	Equity	₹13.85 Cr	0.70%
Sobha Ltd	Equity	₹13.73 Cr	0.69%
Stove Kraft Ltd Ordinary Shares	Equity	₹13.67 Cr	0.69%
Bharat Electronics Ltd	Equity	₹13.49 Cr	0.68%
Optiemus Infracom Ltd	Equity	₹12.97 Cr	0.65%
Bajaj Auto Ltd	Equity	₹12.02 Cr	0.61%
Aster DM Healthcare Ltd Ordinary Shares	Equity	₹11.92 Cr	0.60%
Suraksha Diagnostic Ltd	Equity	₹11.9 Cr	0.60%
Power Mech Projects Ltd	Equity	₹11.85 Cr	0.60%
Tata Motors Passenger Vehicles Ltd	Equity	₹11.34 Cr	0.57%
Amber Enterprises India Limited January 2026 Future	Equity - Future	₹10.5 Cr	0.53%
Cash Offset For Derivatives	Cash - General Offset	₹-10.5 Cr	0.53%
Rashi Peripherals Ltd	Equity	₹10.32 Cr	0.52%
ICICI Prudential Asset Management Co Ltd	Equity	₹10.12 Cr	0.51%
Devyani International Ltd	Equity	₹9.27 Cr	0.47%
Net Receivables/Payables	Cash - Collateral	₹-9.05 Cr	0.46%
Electronics Mart India Ltd	Equity	₹8.44 Cr	0.43%
Cash Margin - Derivatives	Cash - Collateral	₹7 Cr	0.35%
Vedant Fashions Ltd	Equity	₹6.32 Cr	0.32%
Godawari Power & Ispat Ltd	Equity	₹5.76 Cr	0.29%
INOX Green Energy Services Ltd	Equity	₹5.03 Cr	0.25%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹0.25 Cr	0.01%
Cash / Bank Balance	Cash - Collateral	₹0.02 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹447.15 Cr	22.54%
Healthcare	₹307.95 Cr	15.53%
Technology	₹279.96 Cr	14.11%
Financial Services	₹268.04 Cr	13.51%
Industrials	₹144.2 Cr	7.27%
Consumer Defensive	₹130.69 Cr	6.59%
Communication Services	₹108.84 Cr	5.49%
Basic Materials	₹99.11 Cr	5.00%
Energy	₹66.6 Cr	3.36%
Real Estate	₹53.2 Cr	2.68%
Utilities	₹38.52 Cr	1.94%

Risk & Performance Ratios

Fund Managers

Manish Gunwani

Since April 2024

Brijesh Shah

Since April 2024

Prateek Poddar

Since June 2024

Ritika Behera

Since April 2024

Gaurav Satra

Since June 2024

Additional Scheme Detailsas of 31st December 2025

ISIN

INF194KB1IE2

Expense Ratio

0.63%

Exit Load

No Charges

Fund Size

₹1,984 Cr

Age

1 year 8 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF	-	-	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	-	0.0%	-	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	-	0.0%	-	-
Groww Nifty Chemicals ETF Very High Risk	-	-	-	-
Diviniti Equity Long Short Fund Direct Growth Very High Risk	-	0.0%	-	-
Diviniti Equity Long Short Fund Regular Growth Very High Risk	-	0.0%	-	-
DSP MSCI INDIA ETF Very High Risk	0.4%	-	₹7.77 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	-	0.0%	₹907.29 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	-	0.0%	₹907.29 Cr	-
Altiva Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹1306.26 Cr	-
Magnum Hybrid Long Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹2118.93 Cr	-
Altiva Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹1306.26 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹2118.93 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.3%	1.0%	₹877.10 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.1%	1.0%	₹877.10 Cr	-
qsif Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
qsif Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.8%	0.0%	₹39.72 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.3%	0.0%	₹39.72 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.5%	1.0%	₹769.73 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.3%	1.0%	₹769.73 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹5.64 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.7%	0.0%	₹1391.80 Cr	-
Kotak Active Momentum Fund Regular Growth Very High Risk	2.1%	0.0%	₹1391.80 Cr	-
Motilal Oswal Special Opportunities Fund Direct Growth Very High Risk	2.5%	1.0%	₹68.91 Cr	-
Motilal Oswal Special Opportunities Fund Regular Growth Very High Risk	2.6%	1.0%	₹68.91 Cr	-
Bandhan Multi-Factor Fund Regular Growth Very High Risk	2.4%	0.0%	₹588.87 Cr	-
Bandhan Multi-Factor Fund Direct Growth Very High Risk	0.8%	0.0%	₹588.87 Cr	-
ICICI Prudential Active Momentum Fund Direct Growth Moderate Risk	1.0%	1.0%	₹1438.36 Cr	-
ICICI Prudential Active Momentum Fund Regular Growth Moderate Risk	2.2%	1.0%	₹1438.36 Cr	-
Axis Services Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹1859.16 Cr	-
Axis Services Opportunities Fund Regular Growth Very High Risk	2.1%	1.0%	₹1859.16 Cr	-
Nippon India MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹440.65 Cr	-
Nippon India MNC Fund Regular Growth Very High Risk	2.5%	1.0%	₹440.65 Cr	-
HDFC Innovation Fund Direct Growth Very High Risk	0.7%	1.0%	₹2707.09 Cr	-
HDFC Innovation Fund Regular Growth Very High Risk	2.0%	1.0%	₹2707.09 Cr	-
Mirae Asset Nifty India Internet ETF Very High Risk	0.2%	-	₹18.35 Cr	-
Motilal Oswal Nifty India Tourism ETF Very High Risk	0.5%	-	₹4.71 Cr	-
Motilal Oswal Nifty India Manufacturing ETF Very High Risk	0.5%	-	₹1.92 Cr	-
Motilal Oswal Services Fund Direct Growth Very High Risk	1.5%	1.0%	₹97.55 Cr	-
Motilal Oswal Services Fund Regular Growth Very High Risk	2.5%	1.0%	₹97.55 Cr	-
ICICI Prudential Quality Fund Direct Growth Very High Risk	0.8%	1.0%	₹2316.38 Cr	-
ICICI Prudential Quality Fund Regular Growth Very High Risk	2.0%	1.0%	₹2316.38 Cr	-
Motilal Oswal Nifty Capital Market ETF Very High Risk	0.5%	-	₹108.91 Cr	-
Axis Nifty500 Momentum 50 ETF Very High Risk	-	-	-	-
Mirae Asset BSE Select IPO ETF Very High Risk	0.3%	-	₹19.31 Cr	-

About the AMC

Bandhan Mutual Fund

022-66289999

https://bandhanmutual.com/

Total AUM

₹2,00,531 Cr

Address

6th Floor, 841, One World Center, Mumbai, 400013

Other Funds by Bandhan Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Gold ETF FOF Direct Growth High Risk	-	0.0%	-	-
Bandhan Silver ETF FOF Direct Growth Very High Risk	-	0.0%	-	-
Arudha Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Bandhan Healthcare Fund Direct Growth Very High Risk	0.7%	0.0%	₹297.19 Cr	-
Bandhan BSE India Sector Leaders Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹28.57 Cr	-
Bandhan Multi-Factor Fund Direct Growth Very High Risk	0.8%	0.0%	₹588.87 Cr	-
Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹359.75 Cr	-
Bandhan CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Fund Direct Growth Moderate Risk	0.0%	0.0%	₹0.37 Cr	-
Bandhan Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹25.21 Cr	-
Bandhan Fixed Maturity Plan (FMP) - Series 209 (93 Days) Direct Growth Low to Moderate Risk	-	0.0%	-	-
Bandhan Nifty Alpha Low Volatility 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹8.80 Cr	0.4%
Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹12.34 Cr	4.3%
Bandhan Nifty 500 Momentum 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹29.79 Cr	-2.5%
Bandhan Nifty 500 Value 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹20.74 Cr	18.0%
Bandhan Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹1449.71 Cr	4.9%
Bandhan Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹31.00 Cr	4.7%
Bandhan BSE Healthcare Index Fund Direct Growth Very High Risk	0.7%	0.0%	₹17.19 Cr	-4.0%
Bandhan Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹20.13 Cr	21.0%
Bandhan Nifty Total Market Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹40.76 Cr	5.3%
Bandhan Innovation Fund Direct Growth Very High Risk	0.6%	0.0%	₹1983.53 Cr	5.1%
Bandhan Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹127.62 Cr	2.9%
Bandhan Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	0.0%	₹2702.47 Cr	23.7%
Bandhan Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹60.85 Cr	-6.4%
Bandhan Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹508.19 Cr	-5.9%
Bandhan Retirement Fund Direct Growth Moderately High risk	0.7%	0.0%	₹187.52 Cr	8.0%
Bandhan Nifty IT Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹31.87 Cr	-10.1%
Bandhan Interval Fund - Series 17 Direct Growth Moderate Risk	-	0.0%	-	-
Bandhan Fixed Term Plan Series 197 Direct Growth Moderate Risk	-	0.0%	-	-
Bandhan Fixed Term Plan Series 179 Direct Growth Low to Moderate Risk	-	0.0%	₹334.47 Cr	8.2%
Bandhan Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹1032.01 Cr	5.7%
Bandhan Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹14538.39 Cr	6.4%
Bandhan Core Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹13635.77 Cr	9.1%
Bandhan Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2434.54 Cr	3.9%
Bandhan Large Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹2050.87 Cr	10.0%
Bandhan Asset Allocation FOF Aggressive Plan Direct Growth High Risk	0.1%	1.0%	₹19.26 Cr	6.4%
Bandhan Government Securities Fund Investment Plan Direct Growth Moderate Risk	0.5%	0.0%	₹2247.84 Cr	4.0%
Bandhan Focused Equity Fund Direct Growth Very High Risk	0.8%	1.0%	₹2059.19 Cr	0.7%
Bandhan Government Securities Fund - Constant Maturity Plan Direct Growth Moderate Risk	0.3%	0.0%	₹339.51 Cr	7.2%
Bandhan Infrastructure Fund Direct Growth Very High Risk	0.9%	0.0%	₹1522.04 Cr	-6.0%
Bandhan Regular Savings Fund Direct Growth Moderately High risk	1.0%	0.0%	₹102.32 Cr	6.6%
Bandhan Bond Fund - Medium Term Plan Direct Growth Moderate Risk	0.7%	0.0%	₹1393.38 Cr	6.8%
Bandhan Bond Fund - Income Plan Direct Growth Moderate Risk	1.3%	1.0%	₹478.39 Cr	4.1%
Bandhan Money Manager Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12313.03 Cr	7.4%
Bandhan Bond Fund - Short Term Plan Direct Growth Moderate Risk	0.3%	0.0%	₹10381.96 Cr	7.5%
Bandhan Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹2268.15 Cr	9.1%
Bandhan Sterling Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹10462.68 Cr	5.3%
Bandhan Flexi Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹7707.90 Cr	9.1%
Bandhan Crisil IBX Gilt November 2026 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹103.15 Cr	7.6%
Bandhan Tax Advantage (ELSS) Fund Direct Growth Very High Risk	0.7%	0.0%	₹7333.38 Cr	7.7%
Bandhan Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6612.51 Cr	7.1%

Risk Level

Your principal amount will be at Very High Risk

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

The NAV of Bandhan Innovation Fund Direct Growth, as of 23-Jan-2026, is ₹12.66.

What is the portfolio composition of Bandhan Innovation Fund Direct Growth?

The fund's allocation of assets is distributed as 98.55% in equities, 0.00% in bonds, and 1.45% in cash and cash equivalents.

Who manages the Bandhan Innovation Fund Direct Growth?

The fund managers responsible for Bandhan Innovation Fund Direct Growth are:-

Manish Gunwani
Brijesh Shah
Prateek Poddar
Ritika Behera
Gaurav Satra

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Bandhan Innovation Fund Direct Growth

Fund Overview