Bandhan Retirement Fund Direct-IDCW
NAV as of Aug 29, 2024
12.550.02%
(Earn upto 1.68% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Aggressive Hybrid
Expense Ratio:
0.66%(0.82% Category
average)Fund Size:
Rs. 173.16 Cr(0.07% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Retirement Fund Direct-IDCW
NAV as of Aug 29, 2024
12.550.02%
Expense Ratio:
0.66%
Fund Size:
Rs. 173.16 Cr
Fund Category:
Hybrid: Aggressive Hybrid
1. Current NAV: The Current Net Asset Value of the Bandhan Retirement Fund - Direct Plan as of Aug 29, 2024 is Rs 12.55 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 25.54% (since launch). Whereas, Category returns for the same time duration are: 32.69% (1yr), 16.07% (3yr) and 18.06% (5yr).
3. Fund Size: The Bandhan Retirement Fund - Direct Plan currently holds Assets under Management worth of Rs 173.16 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.66% for Direct plan as on Aug 21, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Bandhan Retirement Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.12 7.38 13.03 - - - Category Avg 1.22 10.09 16.07 32.34 16.05 18.18 Rank within Category 34 43 43 - - - No. of funds within Category 47 46 46 44 43 39 - Loading...
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Return Comparison
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Bandhan Retirement Fund Direct-IDCW Fund Details
Investment Objective - The Scheme seeks to provide long-term capital appreciation / income by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals.
Fund House | Bandhan Mutual Fund |
Launch Date | Oct 18, 2023 |
Benchmark | CRISIL Hybrid 50+50 Moderate Index |
Return Since Launch | 25.56% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Bandhan Retirement Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 73 73 69 68 66 64 Top 5 Company Holdings 39.43% 40.45% 41.12% 41.51% 42.15% 41.96% Top 10 Company Holdings 53.31% 54.39% 55.24% 56.13% 56.95% 56.66% Company with Highest Exposure GOI (17.84%) GOI (18.3%) GOI (19.04%) GOI (19.01%) GOI (19.71%) GOI (19.9%) Number of Sectors 15 15 15 16 16 16 Top 3 Sector Holdings 25.28% 25.44% 25.06% 24.1% 22.69% 21.42% Top 5 Sector Holdings 33.51% 33.75% 32.99% 32.1% 30.79% 29.57% Sector with Highest Exposure Financial (14.21%) Financial (14.41%) Financial (14.21%) Financial (13.63%) Financial (12.07%) Financial (11.53%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Reliance Industries Energy 6.29 29.72 101.60 25.68 ICICI Bank Financial 4.72 18.65 65.91 26.26 Bharti Airtel Communication 4.71 96.53 16.46 83.10 Larsen & Toubro Construction 3.77 38.15 97.11 35.47 HDFC Bank Financial 2.9 18.27 89.60 3.03 Titan Company Consumer Discretionary 2.78 91.64 38.91 14.74 Axis Bank Financial 2.28 13.59 86.50 19.85 ITC Consumer Staples 2.15 30.65 16.38 14.77 Infosys Technology 2.0 30.28 64.20 36.38 HCL Technologies Technology 1.99 28.97 60.53 51.34
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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 Retirement Fund Direct-IDCW 12.55 Unrated 173.16 1.39 - - - Edelweiss Aggressive Hybrid Fund Direct-IDCW 35.06 1,951.63 1.84 39.71 21.42 22.39 Quant Absolute Fund Direct-IDCW 65.52 2,295.21 -1.16 38.33 20.51 28.46 JM Aggressive Hybrid Fund Direct-IDCW 80.07 486.95 1.88 52.32 25.72 28.31 SBI Retirement Benefit Fund - Aggressive Hybrid Plan Direct-IDCW 19.92 1,532.41 0.35 28.31 18.80 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Bandhan Mutual Fund News
Fund Manager
- G.K.Gautam KaulSince Sep 202312 schemes
- V.B.Vishal BiraiaSince Jan 20241 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.
Mr. Biraia has done B.E and CFA Prior to joining Bandhan Mutual Fund, he has worked with Max Life Insurance Company Ltd, Aviva India, Antique Stock Broking Ltd, Emkay Global Financial Services Ltd and Batlivala & Karani Securities India Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Infrastructure Fund Direct Plan-IDCW Sectoral-Infrastructure 57.23 1,934.06 77.88
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 Retirement Fund - Direct Plan is Open-ended Aggressive Hybrid Hybrid scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Oct 18, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to provide long-term capital appreciation / income by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals. "
2. It is benchmarked against CRISIL Hybrid 50+50 Moderate Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 54.01% in equities, 23.72% in debts and 22.27% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 33.59% of the assets, the top 3 sectors constitute around 25.28% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. 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.
Tax Implications on Bandhan Retirement Fund Direct-IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
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.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
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.
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FAQs about Bandhan Retirement Fund Direct-IDCW
- Is it safe to invest in Bandhan Retirement Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Retirement Fund - Direct Plan comes under Very High risk category.
- What is the category of Bandhan Retirement Fund - Direct Plan?Bandhan Retirement Fund - Direct Plan belongs to the Hybrid : Aggressive Hybrid category of funds.
- How Long should I Invest in Bandhan Retirement Fund - Direct Plan?The suggested investment horizon of investing into Bandhan Retirement Fund - Direct 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 Retirement Fund - Direct Plan?The Bandhan Retirement Fund - Direct Plan is managed by Gautam Kaul (Since Sep 28, 2023) and Vishal Biraia (Since Jan 24, 2024).
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