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Bandhan Innovation Fund - Direct Plan - Growth is an equity scheme managed by Bandhan Mutual Fund. It has ranked in the top half of its category for 1 of the last 1 reported years. The total expense ratio is 2.31% on assets of ₹2,102Cr. The fund is currently managed by Gaurav Satra, appointed within the last year.
Lower is better.
This scheme classifies as Large-Growth on the 3x3 equity style box, with 71% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
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| Window | Min | P25 | Median |
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Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
|---|
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| ICICI BANK LIMITED | Financial Services | 3.87% |
| ASTRAZENECA PHARMA INDIA LIMITED | Healthcare | 3.63% |
| BAJAJ FINSERV LIMITED | Financial Services | 3.27% |
| JUBILANT INGREVIA LIMITED | Basic Materials | 2.63% |
| RELIANCE INDUSTRIES LIMITED | Energy | 2.59% |
| Varun Beverages Ltd | Consumer Defensive | 2.36% |
| MAHINDRA AND MAHINDRA LIMITED | Consumer Cyclical | 2.25% |
| MTAR TECHNOLOGIES LIMITED | Industrials | 2.13% |
| HONASA CONSUMER LIMITED | Consumer Defensive | 2.07% |
| AMBER ENTERPRISES INDIA LIMITED | Consumer Cyclical | 1.86% |
| POONAWALLA FINCORP LIMITED | Financial Services | 1.83% |
| HDFC BANK LIMITED | Financial Services | 1.79% |
| NTPC LIMITED | Utilities | 1.77% |
| FORTIS HEALTHCARE LIMITED. | Healthcare | 1.53% |
| PRESTIGE ESTATES PROJECTS LIMITED | Real Estate | 1.48% |
| ATHER ENERGY PRIVATE LIMITED | Consumer Cyclical | 1.44% |
| E2E NETWORKS LIMITED | Technology | 1.40% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED | Industrials | 1.38% |
| TUBE INVESTMENTS OF INDIA LIMITED | Industrials | 1.36% |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED | Consumer Cyclical | 1.32% |
| GLENMARK PHARMACEUTICALS LIMITED | Healthcare | 1.29% |
| EICHER MOTORS LIMITED | Consumer Cyclical | 1.24% |
| VINTAGE COFFEE AND BEVERAGES LIMITED | Consumer Defensive | 1.13% |
| TILAKNAGAR INDUSTRIES LIMITED | Consumer Defensive | 1.13% |
| MAX FINANCIAL SERVICES LIMITED | Financial Services | 1.13% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 6 | 19.65% |
| Healthcare | 8 | 13.53% |
| Consumer Services | — | 10.95% |
| Automobile and Auto Components | — | 9.05% |
| Capital Goods | — | 7.45% |
| Information Technology | — | 7.45% |
| Fast Moving Consumer Goods | — | 5.84% |
| Consumer Durables | — | 4.42% |
| Services | — | 3.14% |
| Chemicals | — | 2.63% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | 1.34% | 7.51% | 11.86% | 16.16% | 30.17% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 26.7% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 5 data points.
| 5Y |
|---|
| Star |
|---|
| Kotak Pioneer Fund- Direct Plan- Growth Option | Kotak Mahindra Mutual Fund | ₹3,495 Cr | 0.52% | +21.53% | +16.98% | 5★ |
| Axis Innovation Fund - Direct Plan - Growth Option | Axis Mutual Fund | ₹1,178 Cr | 1.18% | +15.70% | +12.57% | 4★ |
| Baroda BNP Paribas Innovation Fund Direct plan - Growth Option | Baroda BNP Paribas Mutual Fund | ₹870 Cr | 1.05% | — | — | 3★ |
| Baroda BNP Paribas Innovation Fund Direct plan - IDCW Option | Baroda BNP Paribas Mutual Fund | ₹870 Cr | 1.05% | — | — | 3★ |
| SBI Innovative Opportunities Fund - Direct Plan - Growth | SBI Mutual Fund | ₹4,988 Cr | 0.94% | — | — | 1★ |
| HDFC INNOVATION FUND - DIRECT PLAN - GROWTH OPTION | HDFC Mutual Fund | ₹2,621 Cr | 0.75% | — | — | — |
| Union Innovation & Opportunities Fund - Direct Plan - IDCW Option | Union Mutual Fund | ₹1,105 Cr | 0.80% | — | — | 3★ |
| Union Innovation & Opportunities Fund - Direct Plan - Growth Option | Union Mutual Fund | ₹1,105 Cr | 0.80% | — | — | 3★ |
| UTI Innovation Fund - Direct Plan - Growth Option | UTI Mutual Fund | ₹740 Cr | 0.99% | — | — | 2★ |