Bandhan Liquid Fund Direct Plan-IDCW Weekly
(Scheme Rating)
NAV as of Aug 29, 2024
1,008.090.02%
- IDCW Weekly - Direct
(Earn upto 0.13% Extra Returns with Direct Plan)
Fund Category:
Debt: Liquid
Expense Ratio:
0.12%(0.15% Category
average)Fund Size:
Rs. 13,040.09 Cr(2.58% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Liquid Fund Direct Plan-IDCW Weekly
(Scheme Rating)
NAV as of Aug 29, 2024
1,008.090.02%
Expense Ratio:
0.12%
Fund Size:
Rs. 13,040.09 Cr
Fund Category:
Debt: Liquid
1. Current NAV: The Current Net Asset Value of the Bandhan Liquid Fund - Direct Plan as of Aug 29, 2024 is Rs 1,008.09 for IDCW Weekly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.43% (1yr), 6.03% (3yr), 5.22% (5yr) and 6.79% (since launch). Whereas, Category returns for the same time duration are: 7.12% (1yr), 5.81% (3yr) and 5.05% (5yr).
3. Fund Size: The Bandhan Liquid Fund - Direct Plan currently holds Assets under Management worth of Rs 13040.09 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.12% for Direct plan as on Aug 06, 2024.
5. Exit Load: Bandhan Liquid Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Bandhan Liquid Fund Direct Plan-IDCW Weekly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.58 1.78 3.66 7.43 6.03 5.22 Category Avg 0.56 1.70 3.50 7.12 5.82 5.05 Rank within Category 19 21 20 16 16 25 No. of funds within Category 46 44 43 42 38 37 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Liquid Direct-IDCWW
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Bandhan Liquid Fund Direct Plan-IDCW Weekly Fund Details
Investment Objective - The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy and with high liquidity, from a portfolio that is invested in debt and money market securities with maturity up to 91 days.
Fund House | Bandhan Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY Liquid Index A-I |
Return Since Launch | 6.79% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | Above Average |
Bandhan Liquid Fund Direct Plan-IDCW Weekly Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.1 | 0.1908 | 0.0002 | 0.1127 |
Average Maturity(Yrs) | 0.1 | 0.205 | 0.03 | 0.1178 |
Yield to Maturity(%) | 7.06 | 8.21 | 5.25 | 7.049 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 24.35 | 19.86 |
Low Risk | 93.44 | 78.73 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | -17.79 | 1.42 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | 0.01 |
CD | 27.98 | 29.46 |
T-Bills | 24.34 | 19.92 |
CP | 59.32 | 46.56 |
NCD & Bonds | 6.13 | 2.73 |
PTC | - | - |
Cash & Others | -17.79 | 1.34 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Bajaj Finance Ltd | Short-term Debt | Financial | A1+ | 9,970.09 | 7.65 | - |
National Bank For Agriculture & Rural Development | Short-term Debt | Financial | A1+ | 7,966.39 | 6.11 | - |
Canara Bank | Short-term Debt | Financial | A1+ | 7,438.68 | 5.70 | 7,50,00,000 |
Small Industries Devp Bank of India Ltd | Short-term Debt | Financial | A1+ | 6,989.28 | 5.36 | 7,00,00,000 |
Reserve Bank of India | Short-term Debt | Financial | SOV | 5,970.01 | 4.58 | - |
Reserve Bank of India | Short-term Debt | Financial | SOV | 5,962.38 | 4.57 | - |
Reliance Retail Ventures Ltd | Short-term Debt | Services | A1+ | 5,466.12 | 4.19 | - |
Reserve Bank of India | Short-term Debt | Financial | SOV | 5,230.29 | 4.01 | - |
Reliance Retail Ventures Ltd | Short-term Debt | Services | A1+ | 4,987.48 | 3.82 | - |
Bank Of Baroda | Short-term Debt | Financial | A1+ | 4,974.61 | 3.81 | 5,00,00,000 |
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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 Liquid Fund Direct Plan-IDCW Weekly 1,008.09 13,040.09 0.58 7.43 6.04 5.22 Edelweiss Liquid Direct-IDCW Weekly 2,173.83 5,428.32 0.59 7.50 6.07 5.37 Aditya Birla Sun Life Liquid Fund Direct-IDCW Weekly 100.34 51,273.51 0.59 7.47 6.09 5.35 Mahindra Manulife Liquid Fund Direct -IDCW Weekly 1,004.29 1,516.20 0.59 7.46 6.09 5.37 Union Liquid Fund Direct-IDCW Weekly 1,001.16 4,309.48 0.59 7.45 6.07 5.33
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.
High Volatality
0.47VS0.46Fund 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
0.93VS0.91Fund 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.
Better risk-adjusted returns
0.53VS0.45Fund 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.
Better risk-adjusted returns
0.27VS0.23Fund 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.
Better risk-adjusted returns
2.15VS2.06Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.79VS5.74Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bandhan Mutual Fund News
Fund Manager
- H.J.Harshal JoshiSince Sep 20154 schemes
- B.S.Brijesh ShahSince Dec 20213 schemes
Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Ultra Short Term Fund Direct-IDCW Weekly Ultra Short Duration 10.08 3,744.87 7.44 Bandhan All Seasons Bond Fund Direct-IDCW Weekly Short Duration 12.46 121.68 8.02 Bandhan Low Duration Fund Direct-IDCW Weekly Low Duration 10.11 5,879.14 7.39 Bandhan Government Securities Fund Constant Maturity Direct-IDCW Weekly Gilt with 10 year Constant Duration 17.93 Unrated 332.96 9.47 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 & Twenty First Century.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Floating Rate Fund Direct-IDCW Weekly Floater 10.05 277.49 7.98 Bandhan Money Manager Fund Direct-IDCW Weekly Money Market 10.11 6,059.09 7.63 Bandhan Overnight Fund Direct-IDCW Weekly Overnight 1,001.01 1,750.01 6.82
More Bandhan Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bandhan Liquid Fund Direct Plan-Growth | 14,555.72 | 0.61 | 1.87 | 3.77 | 7.37 | 5.78 | |
Bandhan Banking & PSU Debt Fund Direct-Growth | 14,279.57 | 0.67 | 1.89 | 3.72 | 6.80 | 5.54 | |
Bandhan Corporate Bond Fund Direct-Growth | 13,808.94 | 0.70 | 1.88 | 3.62 | 7.08 | 5.23 | |
Bandhan Sterling Value Fund Direct Plan-Growth | 9,019.36 | 5.54 | 13.12 | 21.00 | 43.70 | 26.48 | |
Bandhan Bond Fund Short Term Plan Direct-Growth | 8,759.17 | 0.78 | 2.02 | 3.92 | 7.29 | 5.58 | |
Bandhan CRISIL IBX Gilt June 2027 Index Fund Direct-Growth | 8,285.49 | 0.82 | 1.96 | 3.71 | 6.89 | 5.35 | |
Bandhan Flexi Cap Fund Direct-Growth | 6,979.84 | 5.32 | 13.55 | 17.00 | 36.44 | 18.30 | |
Bandhan ELSS Tax Saver Fund Direct Plan-Growth | 6,433.56 | 4.85 | 10.01 | 15.83 | 35.79 | 22.23 | |
Bandhan Arbitrage Fund Direct-Growth | 6,202.72 | 0.70 | 2.15 | 4.40 | 8.44 | 6.30 | |
Bandhan Small Cap Fund Direct-Growth | 5,165.54 | 6.16 | 22.17 | 25.72 | 71.78 | 29.71 |
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1. Bandhan Liquid Fund - Direct Plan is Open-ended Liquid Debt scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy and with high liquidity, from a portfolio that is invested in debt and money market securities with maturity up to 91 days. "
2. It is benchmarked against NIFTY Liquid Index A-I.
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 Liquid Fund - Direct Plan is 0.1 years and Duration is 0.10136986 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 Liquid Fund Direct Plan-IDCW Weekly
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
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- Bandhan Liquid Plan-Unclaimed Redemption Upto 3 Yrs
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FAQs about Bandhan Liquid Fund Direct Plan-IDCW Weekly
- Is it safe to invest in Bandhan Liquid Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Liquid Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of Bandhan Liquid Fund - Direct Plan?Bandhan Liquid Fund - Direct Plan belongs to the Debt : Liquid category of funds.
- How Long should I Invest in Bandhan Liquid Fund - Direct Plan?The suggested investment horizon of investing into Bandhan Liquid Fund - Direct Plan is <3 month. 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 Liquid Fund - Direct Plan?The Bandhan Liquid Fund - Direct Plan is managed by Harshal Joshi (Since Sep 16, 2015) and Brijesh Shah (Since Dec 01, 2021).
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