Bandhan Equity Savings Fund§

An open ended scheme investing in equity, arbitrage and debt

31st May 2023

Bandhan Equity Savings Fund§

An open ended scheme investing in equity, arbitrage and debt

31st May 2023

About the Fund: Bandhan Equity Savings Fund is a hybrid scheme investing in equity, arbitrage and debt with net equity exposure ranging from 20-45% and debt exposure ranging from 20-35%, remaining being in arbitrage.
Category: Equity Savings
Monthly Avg AUM : ₹ 92.38 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 92.03 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 9 June 2008
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Equity Portion: Mr. Sachin Relekar, Mr. Nemish Sheth & Mr. Viraj Kulkarni (w.e.f. 1st July 2022)
Debt Portion: Mr. Harshal Joshi
Other Parameter:
Beta

Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

0.65
R Square 0.84
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

3.89%
Sharpe*

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

0.90
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

40 Days
Average Maturity42 Days
Macaulay Duration42 Days
Yield to Maturity6.68%
For debt allocation only
Portfolio Turnover
Equity0.21
Aggregate^6.53
Total Expense Ratio
Regular1.37%
Direct0.38%
Benchmark: CRISIL Equity Savings Index (w.e.f. 1st Dec, 2021)
SIP (Minimum Amount): ₹ 100/- (Minimum 6 instalments)
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Growth & IDCW@ Option - Monthly, Quarterly and Annual and Payout, Reinvestment & Sweep facilities (from Equity Schemes to Debt Schemes Only).
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

If redeemed/switched out within 7 days from the date of allotment:
› Up to 10% of investment: Nil,
› For remaining investment: 0.25% of applicable NAV.
• If redeemed/switched out after 7 days from date of allotment: Nil.
NAV (₹) as on May 31, 2023
Regular PlanGrowth26.1730
Regular Plan Monthly IDCW@14.0620
Regular Plan Annual IDCW@12.2110
Regular Plan Quarterly IDCW@12.3100
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameIndustries% of NAV
Equity and Equity related Instruments 80.15%
Net Equity Exposure 22.41%
Banks 4.51%
oIndusInd Bank 5.04%
IndusInd Bank - Equity Futures -4.52%
Axis Bank 2.26%
Axis Bank - Equity Futures -1.68%
HDFC Bank 1.78%
ICICI Bank 1.64%
Finance 2.68%
oBajaj Finance 4.50%
Bajaj Finance - Equity Futures -3.81%
HDFC 2.49%
HDFC - Equity Futures -1.91%
SBI Cards and Payment Services 0.67%
Cholamandalam Invt and Fin Co 0.47%
Poonawalla Fincorp 0.28%
Pharmaceuticals & Biotechnology 2.10%
oAurobindo Pharma 3.22%
Aurobindo Pharma - Equity Futures -3.24%
Sun Pharmaceutical Industries 2.90%
Sun Pharmaceutical Industries - Equity Futures -2.47%
Torrent Pharmaceuticals 1.99%
Torrent Pharmaceuticals - Equity Futures -1.97%
Cipla 0.75%
IPCA Laboratories 0.46%
Laurus Labs 0.45%
IT - Software 1.95%
oTata Consultancy Services 3.95%
Tata Consultancy Services - Equity Futures -3.27%
Tech Mahindra 2.69%
Tech Mahindra - Equity Futures -2.71%
Infosys 0.83%
MphasiS 0.46%
Automobiles 1.64%
oTata Motors 4.48%
Tata Motors - Equity Futures -4.10%
Mahindra & Mahindra 2.89%
Mahindra & Mahindra - Equity Futures -2.41%
Maruti Suzuki India 0.78%
Petroleum Products 1.18%
oReliance Industries 5.50%
Reliance Industries - Equity Futures -4.33%
Auto Components 0.97%
Exide Industries 0.54%
Bosch 0.43%
Telecom - Services 0.93%
Bharti Airtel 0.93%
Diversified FMCG 0.90%
Hindustan Unilever 0.48%
ITC 0.42%
Retailing 0.81%
Avenue Supermarts 0.46%
NameIndustries% of NAV
V-Mart Retail 0.34%
Construction 0.64%
Larsen & Toubro 0.64%
Cement & Cement Products 0.61%
The Ramco Cements 0.61%
IT - Services 0.58%
Cyient 0.58%
Personal Products 0.53%
oDabur India 3.02%
Dabur India - Equity Futures -3.03%
Godrej Consumer Products 0.55%
Consumer Durables 0.52%
oTitan Company 3.68%
Titan Company - Equity Futures -3.70%
Somany Ceramics 0.30%
Greenpanel Industries 0.24%
Leisure Services 0.46%
Jubilant Foodworks 0.46%
Chemicals & Petrochemicals 0.44%
Pidilite Industries 2.76%
Pidilite Industries - Equity Futures -2.78%
Tata Chemicals 1.58%
Tata Chemicals - Equity Futures -1.55%
Deepak Nitrite 0.42%
Beverages 0.44%
United Breweries 0.44%
Power 0.38%
oTata Power Company 2.98%
Tata Power Company - Equity Futures -62.97%
NTPC 0.37%
Electrical Equipment 0.18%
Thermax 0.18%
Food Products 0.00%
Nestle India 0.19%
Nestle India - Equity Futures -0.19%
Insurance 0.00%
SBI Life Insurance Company 1.21%
SBI Life Insurance Company - Equity Futures -1.21%
Ferrous Metals -0.02%
JSW Steel 2.66%
JSW Steel - Equity Futures -2.68%
Agricultural Food & other Products -0.02%
oMarico 3.19%
Marico - Equity Futures -3.21%
Mutual Fund Units 9.35%
Bandhan Liquid Fund -Direct Plan-Growth 9.35%
Corporate Bond 3.46%
REC AAA 3.46%
Britannia Industries AAA 0.0002%
Net Cash and Cash Equivalent 7.04%
Grand Total 100.00%
oTop 10 Equity Holdings


Banks 10.71%
Pharmaceuticals & Biotechnology 9.78%
Finance 8.40%
Automobiles 8.16%
IT - Software 7.93%
Petroleum Products 5.50%
Chemicals & Petrochemicals 4.77%
Consumer Durables 4.22%
Personal Products 3.57%
Power 3.35%
Agricultural Food & other Products 3.19%
Ferrous Metals 2.66%


Insurance 1.21%
Auto Components 0.97%
Telecom - Services 0.93%
Diversified FMCG 0.90%
Retailing 0.81%
Construction 0.64%
Cement & Cement Products 0.61%
IT - Services 0.58%
Leisure Services 0.46%
Beverages 0.44%
Food Products 0.19%
Electrical Equipment 0.18%



Performance based on NAV as on 31/05/2023. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.



Scheme risk-o-meter

Investors understand that their principal will be at Low to Moderate risk

This product is suitable for investors who are seeking*

  • To generate long term capital growth and income.
  • Investment predominantly in Equity and Equity related securities (including arbitrage and other derivative strategies) as well as Fixed Income securities.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Benchmark risk-o-meter

CRISIL Equity Savings Index




Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 6.40% (FBIL OVERNIGHT MIBOR as on 31st May 2023). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
$The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.
Current Index performance adjusted for the period from since inception to April 30, 2018 with the performance of CRISIL Liquid Fund Index (Benchmark)
Dedicated fund manager for foreign / overseas investment has been changed from Mr. Viraj Kulkarni to Ms. Nishita Doshi (w.e.f. from 1st July 2022)
§With effect from 13th March 2023, the name of "IDFC Equity Savings Fund" has changed to "Bandhan Equity Savings Fund"