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 #57 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.66 (as of 2026-08-21) |
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| AUM | ₹2,645 Cr |
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| Expense ratio | 1.70% |
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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 91.8% of Nifty India Digital's upside and 46.8% of its downside.
Market cap allocation
| Large cap | 36.1% |
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| Mid cap | 22.5% |
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| Small cap | 41.5% |
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Concentration
| Top 5 holdings | 20.6% |
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| Top 10 holdings | 32.7% |
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| Total holdings | 81 |
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Top holdings
- Eternal Limited — 5.4%
- One 97 Communications Limited — 4.3%
- Bajaj Finserv Limited — 4.1%
- ICICI Bank Ltd. — 3.5%
- AstraZeneca Pharma India Ltd. — 3.4%
- Mahindra & Mahindra Ltd. — 2.5%
- Reliance Industries Ltd — 2.5%
- Meesho Limited — 2.4%
- Honasa Consumer Limited — 2.3%
- COFORGE LIMITED — 2.3%
Top sectors
- Retail — 13.1%
- Pharma & Biotech — 10.1%
- Automobile — 8.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 17.8% | Q1 (Top) | #6 of 167 |
| 2025 | 3.3% | Q3 | #72 of 132 |