Bandhan Credit Risk Fund Regular-IDCW Half Yearly
(Scheme Rating)
NAV as of Aug 29, 2024
10.350.02%
- IDCW Half Yearly - Regular
(Earn upto 1.01% Extra Returns with Direct Plan)
Fund Category:
Debt: Credit Risk
Expense Ratio:
1.69%(1.23% Category
average)Fund Size:
Rs. 334.05 Cr(1.50% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Credit Risk Fund Regular-IDCW Half Yearly
(Scheme Rating)
NAV as of Aug 29, 2024
10.350.02%
Expense Ratio:
1.69%
Fund Size:
Rs. 334.05 Cr
Fund Category:
Debt: Credit Risk
1. Current NAV: The Current Net Asset Value of the Bandhan Credit Risk Fund - Regular Plan as of Aug 29, 2024 is Rs 10.35 for IDCW Half Yearly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 6.74% (1yr), 4.96% (3yr), 5.56% (5yr) and 5.97% (since launch). Whereas, Category returns for the same time duration are: 8.24% (1yr), 9.25% (3yr) and 6.3% (5yr).
3. Fund Size: The Bandhan Credit Risk Fund - Regular Plan currently holds Assets under Management worth of Rs 334.05 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.69% for Regular plan as on Aug 15, 2024.
5. Exit Load: Bandhan Credit Risk Fund - Regular Plan shall attract an Exit Load, "Exit load of 1% if redeemed within 365 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Bandhan Credit Risk Fund Regular-IDCW Half Yearly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.59 1.96 3.72 6.98 4.96 5.58 Category Avg 0.69 2.12 3.89 8.27 9.25 6.32 Rank within Category 13 10 10 12 13 11 No. of funds within Category 14 14 14 14 14 14 - Loading...
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Return Comparison
- This Fund
- BenchmarkUTI Credit Risk Reg-IDCWH
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Bandhan Credit Risk Fund Regular-IDCW Half Yearly Fund Details
Investment Objective - The Fund seeks to generate returns by predominantly investing AA and below rated corporate debt securities across maturities.
Fund House | Bandhan Mutual Fund |
Launch Date | Mar 03, 2017 |
Benchmark | NIFTY Credit Risk Bond Index B-II |
Return Since Launch | 5.97% |
Riskometer | Moderately High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Low |
Bandhan Credit Risk Fund Regular-IDCW Half Yearly Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 1% if redeemed within 365 days. |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.55 | 3.56 | 1.72 | 2.31 |
Average Maturity(Yrs) | 3.61 | 15.58 | 2.38 | 3.28 |
Yield to Maturity(%) | 7.99 | 8.45 | 7.95 | 8.085 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 19.78 | 18.95 |
Low Risk | 74.86 | 72.37 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 5.36 | 8.69 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 19.78 | 18.09 |
CD | - | 0.02 |
T-Bills | - | - |
CP | - | - |
NCD & Bonds | 68.78 | 72.42 |
PTC | - | - |
Cash & Others | 5.36 | 6.42 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
7.18% GOI 24/07/2037 | Long-term Debt | Sovereign | SOV | 660.82 | 19.78 | 65,00,000 |
8.1% Century Textiles & Industries Ltd 25/04/2026 | Long-term Debt | Consumer Staples | AA | 399.98 | 11.97 | 40,00,000 |
7.17% Godrej Industries Ltd 14/05/2025 | Long-term Debt | Consumer Staples | AA | 396.68 | 11.87 | 40,00,000 |
8.43% Tata Projects Ltd 06/02/2026 | Long-term Debt | Construction | AA | 300.84 | 9.01 | 30,00,000 |
8.9% Bharti Telecom Ltd 04/12/2025 | Long-term Debt | Communication | AA+ | 250.66 | 7.50 | 25,00,000 |
8.3% TVS Credit Services Ltd 14/09/2025 | Long-term Debt | Financial | AA | 249.49 | 7.47 | 25,00,000 |
8.5% Aadhar Housing Finance Ltd 17/08/2026 | Long-term Debt | Financial | AA | 200.98 | 6.02 | 20,00,000 |
8.3% Nirma Ltd 24/02/2025 | Long-term Debt | Consumer Staples | AA | 199.90 | 5.98 | 20,00,000 |
8.3% Godrej Properties Ltd 19/03/2027 | Long-term Debt | Construction | AA+ | 99.98 | 2.99 | 10,00,000 |
7.75% Nuvoco Vistas Corporation Ltd 28/08/2025 | Long-term Debt | Materials | AA | 99.44 | 2.98 | 10,00,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Credit Risk Fund Regular-IDCW Half Yearly 10.35 334.05 0.57 6.89 4.92 5.57 UTI Credit Risk Fund Regular Plan-IDCW Half Yearly 10.70 370.47 0.72 6.99 10.97 -0.55 UTI Credit Risk Fund Segregated Portfolio Regular-IDCW Half Yearly 0.36 Unrated 30.86 - - - - UTI Credit Risk Fund Segregated Portfolio 2 Regular-IDCW Half Yearly 1.61 Unrated 186.25 - - - - UTI Credit Risk Fund Segregated Portfolio 3 Regular-IDCW Half Yearly - Unrated - - - - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
1.07VS7.44Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.82VS0.16Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
-0.59VS0.37Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
-0.35VS-0.27Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
3.07VS4.47Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
4.90VS9.68Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bandhan Mutual Fund News
Fund Manager
- G.K.Gautam KaulSince Jul 20221 schemes
- D.L.Debraj LahiriSince Apr 20230 schemes
Mr. Kaul is a B.Com (H) and MBA (Finance). Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Corporate Bond Fund Regular-IDCW Half Yearly Corporate Bond 11.15 13,607.68 7.31 Mr. Lahiri has done B.Tech and MBA Prior to joining Bandhan Mutual Fund, he has worked with ICICI Prudential AMC Ltd, Invesco Asset Management (India) Pvt. Ltd, CARE Ratings and Bank of Baroda
No schemes for the Fund Manager
More Bandhan Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bandhan Liquid Fund Regular-Growth | 14,555.72 | 0.59 | 1.84 | 3.71 | 7.23 | 5.67 | |
Bandhan Banking & PSU Debt Fund Regular-Growth | 14,279.57 | 0.65 | 1.81 | 3.56 | 6.48 | 5.21 | |
Bandhan Corporate Bond Fund Regular-Growth | 13,808.94 | 0.67 | 1.80 | 3.46 | 6.76 | 4.91 | |
Bandhan Sterling Value Fund Regular-Growth | 9,019.36 | 5.44 | 12.81 | 20.34 | 42.15 | 25.11 | |
Bandhan Bond Fund Short Term Plan Regular-Growth | 8,759.17 | 0.74 | 1.90 | 3.67 | 6.78 | 5.07 | |
Bandhan CRISIL IBX Gilt June 2027 Index Fund Regular-Growth | 8,285.49 | 0.80 | 1.90 | 3.58 | 6.62 | 5.09 | |
Bandhan Flexi Cap Fund Regular-Growth | 6,979.84 | 5.26 | 13.34 | 16.58 | 35.47 | 17.46 | |
Bandhan ELSS Tax Saver Fund Regular-Growth | 6,433.56 | 4.74 | 9.70 | 15.16 | 34.25 | 20.81 | |
Bandhan Arbitrage Fund Regular-Growth | 6,202.72 | 0.64 | 1.96 | 4.02 | 7.69 | 5.57 | |
Bandhan Small Cap Fund Regular-Growth | 5,165.54 | 6.03 | 21.73 | 24.80 | 69.28 | 27.68 |
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1. Bandhan Credit Risk Fund - Regular Plan is Open-ended Credit Risk Debt scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Mar 03, 2017.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Fund seeks to generate returns by predominantly investing AA and below rated corporate debt securities across maturities. "
2. It is benchmarked against NIFTY Credit Risk Bond Index B-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Bandhan Credit Risk Fund - Regular Plan is 3.61 years and Duration is 2.55 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Bandhan Credit Risk Fund Regular-IDCW Half Yearly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
- Bandhan Credit Risk Fund Direct-IDCW Quarterly
- Bandhan Credit Risk Fund Direct-Growth
- Bandhan Credit Risk Fund Direct-IDCW
- Bandhan Credit Risk Fund Regular-IDCW Yearly
- Bandhan Credit Risk Fund Direct-IDCW Yearly
- Bandhan Credit Risk Fund Regular-IDCW Quarterly
- Bandhan Credit Risk Fund Regular-IDCW Half Yearly
- Bandhan Credit Risk Fund Regular-Growth
- Bandhan Credit Risk Fund Regular-IDCW
FAQs about Bandhan Credit Risk Fund Regular-IDCW Half Yearly
- Is it safe to invest in Bandhan Credit Risk Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Credit Risk Fund - Regular Plan comes under Moderately High risk category.
- What is the category of Bandhan Credit Risk Fund - Regular Plan?Bandhan Credit Risk Fund - Regular Plan belongs to the Debt : Credit Risk category of funds.
- How Long should I Invest in Bandhan Credit Risk Fund - Regular Plan?The suggested investment horizon of investing into Bandhan Credit Risk Fund - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Credit Risk Fund - Regular Plan?The Bandhan Credit Risk Fund - Regular Plan is managed by Gautam Kaul (Since Jul 16, 2022) and Debraj Lahiri (Since Apr 17, 2023).
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