Investment Objective and Approach

The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services. The fund follows a sectoral approach, focusing specifically on the financial services sector to capitalize on India's growing financial ecosystem.

The fund offers an opportunity to invest in sectors across Banks, NBFCs, Capital markets, Insurance and Fintechs with a Flexi cap and growth-oriented approach. This diversified approach within the financial services sector allows investors to benefit from multiple sub-segments including traditional banking, emerging fintech companies, and other financial intermediaries.

The financial sector plays a vital role in India's economic development. By investing in financial services mutual funds, investors gain exposure to the entire sector rather than individual stocks. The investment approach focuses on identifying companies with strong growth potential and sustainable business models within the financial services space.

Key investment parameters:

- Minimum SIP Investment is set to ₹100

- Minimum Lumpsum Investment is ₹1,000

- Exit load of 0.5%, if redeemed within 30 days

Fund Managers

The fund is managed by a team of experienced professionals who bring diverse expertise in financial services research and portfolio management:

Primary Fund Managers (as of December 2024):

- Ms. Ritu Modi (w.e.f 02/12/2024)

- Mr. Harshvardhan Agrawal (w.e.f 07/06/2024)

- Mr. Harshal Joshi (w.e.f 28/07/2023)

- Ms. Ritika Behera (w.e.f 02/12/2024)

- Mr. Gaurav Satra (w.e.f 02/12/2024)

Key Manager Profile:

Mr Sumit Agrawal is currently Fund Manager of Equities at Bandhan Mutual Fund. He worked at IDFC AMC since October 2016. Before joining IDFC AMC, he worked with Mirae Asset Mutual Fund, as Fund Manager in Equities. He got a PGDM in Finance from SCMHRD, as well as CFA and Company Secretary degrees.

About the Fund House (AMC)

Before being named Bandhan Mutual Fund, the AMC was named IDFC Mutual Fund and its parent company was IDFC Ltd. Established in 2000, IDFC Mutual Fund was one of the largest Mutual Fund houses in India.

April 2022 marked the acquisition of IDFC Asset Management Company by Bandhan along with a consortium. The consortium included Bandhan Financial Holdings Limited, Singapore's Sovereign Fund GIC, and ChrysCapital. Post the acquisition, the IDFC Mutual Fund was renamed Bandhan Mutual Fund in March 2023.

Current Status:

- As of March 2024, the fund house manages ​​assets worth Rs. 137193.31 crores

- It is one of the largest Mutual Fund houses in India's domestic market. In terms of Assets under Management (AUM), it is one of the largest players in the sector

- It currently offers 76 mutual fund schemes to its investors

The fund house has established a strong presence across India with regional focus on Central and Eastern parts where economic growth rates are higher. The experienced leadership team includes seasoned fund managers with extensive experience in equity research and portfolio management.

Should I Invest in Bandhan Financial Services Fund?

Suitable for:

- Investors who are seeking to create wealth over long term

- Investors looking for exposure to India's growing financial services sector

- Investors who understand the associated risks and volatility of the sector

- Those with a long-term investment horizon of minimum of 5 years or more, as it helps in long-term wealth creation

Risk Profile:

- The Bandhan Financial Services Fund Direct Growth is rated Very High risk

- Since the fund is focused on the financial services sector, it is a high-risk fund

Performance Highlights (as of available data):

- The fund has delivered a CAGR of 21.55 since inception

- The AUM (i.e. assets under management) of Bandhan Financial Services Fund is ₹1008.34 Cr as of 28th May 2025

- The expense ratio of Bandhan Financial Services Fund Plan is 0.58 as of 28th May 2025

Consider if:

You have a high risk appetite, understand sectoral concentration risks, and are investing for long-term wealth creation with a minimum 5-7 year investment horizon. The fund is ideal for investors specifically seeking exposure to India's financial services sector growth story.

FAQs

What is today's NAV of Bandhan Financial Services Fund?

Latest NAV for Bandhan Financial Services Fund is at ₹ 14.99. NAV is updated daily after market hours and reflects the per-unit value of the fund.

What is the AUM of Bandhan Financial Services Fund?

The AUM (i.e. assets under management) of Bandhan Financial Services Fund is ₹1008.34 Cr as of 28th May 2025. AUM represents the total market value of assets managed by the fund.

What is the expense ratio of Bandhan Financial Services Fund?

The expense ratio of Bandhan Financial Services Fund Plan is 0.58 as of 28th May 2025. This is the annual fee charged for managing your investments.

What are the returns of Bandhan Financial Services Fund since inception?

The fund has delivered a CAGR of 21.55 since inception. This represents the annualized return since the fund's launch in July 2023.

What is the minimum SIP amount to invest in Bandhan Financial Services Fund?

Minimum SIP Investment is set to ₹100. You can start investing with just ₹100 per month through systematic investment plan.

How do I invest in Bandhan Financial Services Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/lumpsum), and making payment online.

How to start a SIP in Bandhan Financial Services Fund?

Log into Allvest, search for Bandhan Financial Services Fund, select SIP option, choose monthly amount (minimum ₹100), set SIP date, and complete payment setup.

How do I automate an SIP in Bandhan Financial Services Fund?

Use Allvest's auto-debit feature to set up automatic monthly investments. Configure bank mandate for seamless monthly deductions without manual intervention.

How can I withdraw/redeem my investment in Bandhan Financial Services Fund?

You can redeem through Allvest platform by selecting redeem option, choosing full/partial redemption, and funds will be credited to your registered bank account within 3-4 working days.