Investment Objective and Approach

The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme. Bandhan Innovation Fund is mandated to invest 80% of its corpus in equities and equity-related securities of companies following the innovation theme. The remaining 20% may be invested in other equities, debt, or money market instruments.

The fund may invest in leading innovators, rising innovators, and emerging innovators. The investment philosophy centers around identifying companies that drive transformational changes across various sectors. Bandhan Innovation Fund invests in various sectors such as fintech, auto, internet, pharmaceuticals, etc.

Focus on innovation across market cap segments and investment themes / sectors such as auto, internet-based companies, Fintech etc. Long term perspective - Aligned with the growth trajectory of innovation focused companies

The fund identifies companies with specific characteristics:

- Strong brands with potentially higher margins and growth

- Differentiated products and services

- High R&D expenditure

- High skilled employee cost

- These companies usually have higher Price-to-Book ratios since there is a higher weight ascribed to intangible assets versus physical assets.

Fund Managers

The fund is managed by a team of experienced professionals:

Prateek Poddar

Prateek Poddar is the Current Fund Manager of Bandhan Innovation Fund Direct Growth fund. Mr. Poddar is a B.Com, CFA, CA

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 & Twent

About the Fund House (AMC)

Bandhan AMC Limited (formerly IDFC Asset Management Company Limited), established in 2000, is one of India's Top 10 fund houses in terms of Asset Under Management. It has an experienced investment team with an on-the-ground presence in over 60 cities.

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.

As of March 2024, the fund house manages assets worth Rs. 137193.31 crores. It currently offers 76 mutual fund schemes to its investors. These are diversified across debt, equity, hybrid, and other schemes.

Bandhan Mutual Fund is focused on helping savers become investors and create wealth. To support this objective, the fund house's equity and fixed-income offerings aim to provide performance consistent with their well-defined objectives.

Key Financial Details:

- AUM: ₹1512 crore (as per Angel One, June 2025)

- Expense Ratio: 0.56% (Direct Plan as per Angel One)

- Launch Date: Apr 10 2024

- Minimum SIP: Rs.100

- Exit Load: 0.50%, if redeemed within 30 days

Should I Invest in Bandhan Innovation Fund?

This fund may be suitable for investors who:

- Are seeking to create wealth over a long term

- Want exposure to innovative companies across sectors and market capitalizations

- Have relatively higher risk appetite for potentially higher returns

- Should have 3 - 5 years plus investment tenure for this fund

Risk Considerations:

- The Bandhan Innovation Fund Direct Growth is rated Very High risk.

- Innovation funds are a type of thematic investment that has a high risk level. They invest in equities of companies following an innovation theme. The fund may be vulnerable to market volatility, macroeconomic fluctuations, and other risks.

- These funds are not diversified across asset classes as they invest predominantly in equities.

Opportunities:

- Innovation is happening across sectors such as Finance, Auto, Technology, Healthcare, Entertainment and Retail, etc.

- Digital media is expected to grow ~3X in 6 years, E-commerce is expected to expand ~7x in 10 Years.

- Bandhan Innovation Fund offers a prospect to invest in a portfolio of tomorrow's opportunities.

FAQs

What is today's NAV of Bandhan Innovation Fund?

The NAV of Bandhan Innovation Fund varies daily based on market movements. You can check the current NAV on Allvest's platform or the fund house's official website.

What is the AUM of Bandhan Innovation Fund?

The AUM of Bandhan Innovation Fund is ₹1512 crore as of June 2025.

What is the expense ratio of Bandhan Innovation Fund?

The expense ratio of Bandhan Innovation Fund is 0.56% for the Direct Plan.

What are the returns of Bandhan Innovation Fund since inception?

The fund has delivered a CAGR of 24.29 since inception (launched in April 2024).

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

The minimum SIP amount for this fund is Rs.100.

How do I invest in Bandhan Innovation Fund?

You can invest in Bandhan Innovation Fund through Allvest's platform by selecting the fund, choosing your investment amount, and completing the KYC process online.

How to start a SIP in Bandhan Innovation Fund?

Login to your Allvest account, select Bandhan Innovation Fund, choose the SIP option, set your monthly investment amount (minimum Rs.100), and select the date for auto-debit.

How do I automate an SIP in Bandhan Innovation Fund?

Through Allvest, set up an auto-debit mandate with your bank account. The SIP amount will be automatically debited on your chosen date each month and invested in the fund.

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

You can redeem your investment through Allvest's platform by selecting the fund and choosing the redemption option. No, Bandhan Innovation Fund does not have a lock-in period. Investors can withdraw from this fund whenever required. Note that Exit load of 0.50%, if redeemed within 30 days.