Bandhan Innovation Fund
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
Growthvine rating: 3/5 — ranked #61 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.06 (as of 2026-10-01) |
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| AUM | ₹2,645 Cr |
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| Expense ratio | 1.68% |
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| Riskometer | Very High |
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| Fund manager | Manish Gunwani |
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| Exit load | 0.5% for redemption within 30 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −19.88% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 93.9% of Nifty India Digital's upside and 45.0% of its downside.
Market cap allocation
| Large cap | 35.0% |
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| Mid cap | 23.8% |
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| Small cap | 41.2% |
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Concentration
| Top 5 holdings | 21.1% |
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| Top 10 holdings | 33.1% |
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| Total holdings | 83 |
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Top holdings
- Eternal Limited — 6.4%
- One 97 Communications Limited — 5.0%
- Bajaj Finserv Limited — 3.7%
- ICICI Bank Ltd. — 3.2%
- Meesho Limited — 2.8%
- AstraZeneca Pharma India Ltd. — 2.7%
- COFORGE LIMITED — 2.4%
- Mahindra & Mahindra Ltd. — 2.3%
- Honasa Consumer Limited — 2.3%
- Reliance Industries Ltd — 2.2%
Top sectors
- Retail — 14.1%
- Pharma & Biotech — 9.4%
- Automobile — 7.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 13.2% | Q1 (Top) | #11 of 167 |
| 2025 | 3.3% | Q3 | #72 of 132 |