Bandhan Financial Services Fund

SectoralDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Bandhan Financial Services Fund is a Sectoral fund run by Bandhan Mutual Fund. On 31-08-2026, it managed ₹1,122 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 12.7% a year and its Regular plan returned 10.9% a year. Its benchmark, Nifty Financial Services TRI, returned 9.8% a year over the same 3 years.

NAV (Direct plan): ₹14.56; ▼ 0.81%30-10-2026
NAV (Regular plan): ₹13.82; ▼ 0.82%30-10-2026
Expense ratio: 1.04%Direct2.50%Regular; 1.04%; A year
Riskometer: Very High; Set by the fund house
3 year return: 12.7%Direct10.9%Regular; 12.7%; A year

Bandhan Financial Services Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹14.56 (down 0.81% that day); Regular Plan Growth ₹13.82 (down 0.82% that day).

This fund (Direct plan)

₹14.562

Bandhan Financial Services Fund Returns vs Nifty Financial Services TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−2.92%	−7.06%	−2.09%	−7.55%	+12.68%	--	--
This fund (Regular)	−3.04%	−7.42%	−2.84%	−8.96%	+10.89%	--	--
Nifty Financial Services TRI	+0.30%	−5.63%	−2.88%	−8.88%	+9.77%	+6.64%	+12.73%
Sectoral average	−1.70%	−4.49%	+2.30%	−0.58%	+15.61%	--	--
Best in Sectoral	+7.03%	+2.10%	+17.99%	+19.53%	+21.77%	--	--
Worst in Sectoral	−7.36%	−8.92%	−7.57%	−9.47%	+9.87%	--	--
Rank in Sectoral	13/20	12/19	10/19	14/17	8/9	--	--

Category rows compare the Direct plans of 20 Sectoral funds. Rank 1 is the highest return.

Bandhan Financial Services Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Financial Services TRI
2026to date	−9.00%	−10.15%	−9.69%
2025	+13.50%	+11.72%	+18.60%
2024	+20.58%	+18.60%	+10.52%

Bandhan Financial Services Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 61 periods, one for each trading day from 31-07-2026 to 30-10-2026.

0%5%10%15%20%

Aug 2023
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026

Bandhan Financial Services Fund (Direct)Nifty Financial Services TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	563	12.7%	−8.7%	47.8%	8%	15.0%	51%
2 years	311	11.3%	0.3%	24.8%	0%	13.1%	61%
3 years	61	15.4%	12.4%	17.9%	0%	9.9%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	28	11.0%	−18.0%	42.7%	18%	12.7%	57%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Financial Services TRI over the same days. Past returns do not promise future returns.

Bandhan Financial Services Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Bandhan Financial Services Fund (Direct)This fund	Nifty Financial Services TRI
Return (CAGR)	−7.55%	−8.88%
Standard deviation	17.13%	17.58%
Sharpe ratio	-0.75	-0.80
Sortino ratio	-1.03	-1.11
Maximum drawdown	−17.3% (30-03-2026)	−17.3% (30-03-2026)
Beta	0.94	1.00
Alpha	+0.54%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Bandhan Financial Services Fund (Direct)This fund	Nifty Financial Services TRI
Return (CAGR)	+12.68%	+9.77%
Standard deviation	15.53%	16.24%
Sharpe ratio	0.43	0.23
Sortino ratio	0.60	0.32
Maximum drawdown	−17.3% (30-03-2026)	−17.3% (30-03-2026)
Beta	0.89	1.00
Alpha	+3.33%	0.00%

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Bandhan Financial Services Fund (Direct)This fund	Nifty Financial Services TRI
Return (CAGR)	+12.20%	+7.20%
Standard deviation	15.30%	15.90%
Sharpe ratio	0.40	0.07
Sortino ratio	0.56	0.10
Maximum drawdown	−17.3% (30-03-2026)	−17.3% (30-03-2026)
Beta	0.89	1.00
Alpha	+5.13%	0.00%

From daily NAVs, 31-07-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−20%−15%−10%−5%0%

202420252026

Bandhan Financial Services Fund (Direct)Nifty Financial Services TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Bandhan Financial Services Fund (Direct)	−17.3%	06-01-2026	30-03-2026	Not yet	--	−10.1%
Nifty Financial Services TRI	−17.3%	18-02-2026	30-03-2026	Not yet	--	−12.4%

From the Direct plan's daily NAV since 31-07-2023, adjusted for unit splits, and Nifty Financial Services TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Bandhan Financial Services Fund vs Other Sectoral Funds

The five Sectoral funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
DSP Healthcare Fund	1/9	3,750	0.76%	+15.40%	+21.77%	+2.89%	0.77	1.25	1.77	Compare
Nippon India Pharma Fund	2/9	9,166	0.99%	+9.05%	+18.56%	−2.50%	0.88	0.97	1.39	Compare
Bandhan Transportation and Logistics Fund	3/9	771	1.07%	−1.82%	+17.11%	+1.71%	0.84	0.69	0.97	Compare
Nippon India Power & Infra Fund	4/9	7,867	1.11%	−2.17%	+16.41%	+2.80%	0.97	0.59	0.78	Compare
Invesco India Financial Services Fund	5/9	1,789	0.96%	−2.22%	+15.03%	+5.53%	0.93	0.55	0.77	Compare
Bandhan Financial Services Fund	8/9	1,122	1.04%	−7.55%	+12.68%	+3.33%	0.89	0.43	0.60

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Bandhan Financial Services Fund Expense Ratio and Costs

What each plan charges a year, in force from 21-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Sectoral median	Cost rank (1 = cheapest)
Direct	0.66%	0.09%	0.00%	0.29%	1.04%	1.07%	6/20
Regular	1.92%	0.09%	0.00%	0.49%	2.50%	2.51%	10/20

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Sectoral funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−8.96%	−7.55%	1.41%	₹91,040	₹92,450
3 years	10.89%	12.68%	1.79% a year	₹1,36,357	₹1,43,067

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Bandhan Financial Services Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 31-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planBandhan Financial Services Fund (Direct)	₹4,00,000	₹4,34,079	₹34,079	4.9%
Regular planBandhan Financial Services Fund (Regular)	₹4,00,000	₹4,21,834	₹21,834	3.1%
Nifty Financial Services TRI	₹4,00,000	₹4,24,520	₹24,520	3.5%
Category averageCategory average, 20 Sectoral funds	₹4,00,000	₹4,66,818	₹66,818	9.3%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L

202420252026

Direct planBandhan Financial Services Fund (Direct)Regular planBandhan Financial Services Fund (Regular)Nifty Financial Services TRICategory averageCategory average, 20 Sectoral fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Bandhan Financial Services Fund Asset Allocation

Asset allocation as on 31-08-2026

What the fund holds

98.3%Equity

Asset	Fund	Category
Equity	98.3%	95.6%
Cash and others	1.7%	3.7%

Market cap of stocks

Market cap	Fund	Category
Large Cap	57.4%	44.1%
Mid Cap	19.0%	21.8%
Small Cap	21.9%	26.9%

Share of the whole fund. Category: the average of the Sectoral funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Bandhan Financial Services Fund Sector Allocation

Sector allocation of the fund's stocks as on 31-08-2026

Largest sectors

Banks50.4%
Finance25.5%
Capital Markets10.7%
Insurance7.8%
Financial Technology (Fintech)4.0%

Bandhan Financial Services Fund Portfolio Holdings

As on 31-08-2026 · 57 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%
ICICI Bank Limited	Banks	14.72%
HDFC Bank Limited	Banks	10.23%
Kotak Mahindra Bank Limited	Banks	5.59%
Axis Bank Limited	Banks	4.72%
Bajaj Finance Limited	Finance	4.33%
State Bank of India	Banks	3.91%
Cholamandalam Investment and Finance Company Ltd	Finance	3.15%
One 97 Communications Limited	Financial Technology (Fintech)	2.39%
Max Financial Services Limited	Insurance	2.24%
Shriram Finance Limited	Finance	2.23%
Mahindra & Mahindra Financial Services Limited	Finance	1.91%
Multi Commodity Exchange of India Limited	Capital Markets	1.83%
LIC Housing Finance Limited	Finance	1.82%
City Union Bank Limited	Banks	1.81%
IDFC First Bank Limited	Banks	1.64%
RBL Bank Limited	Banks	1.57%
HDFC Asset Management Company Limited	Capital Markets	1.51%
Poonawalla Fincorp Limited	Finance	1.28%
HDFC Life Insurance Company Limited	Insurance	1.27%
DCB Bank Limited	Banks	1.27%
Aavas Financiers Limited	Finance	1.21%
Prudent Corporate Advisory Services Limited	Capital Markets	1.20%
Angel One Limited	Capital Markets	1.19%
ICICI Lombard General Insurance Company Limited	Insurance	1.19%
Yes Bank Limited	Banks	1.13%
Can Fin Homes Limited	Finance	1.11%
Muthoot Finance Limited	Finance	1.10%
ICICI Prudential Life Insurance Company Limited	Insurance	1.07%
Fusion Finance Limited	Finance	1.06%
The Jammu & Kashmir Bank Limited	Banks	1.05%
Nuvama Wealth Management Limited	Capital Markets	1.02%
Piramal Finance Limited	Finance	1.01%
Ujjivan Small Finance Bank Limited	Banks	0.99%
Life Insurance Corporation Of India	Insurance	0.93%
BSE Limited	Capital Markets	0.90%
Aadhar Housing Finance Limited	Finance	0.86%
IndusInd Bank Limited	Banks	0.85%
ICICI Prudential Asset Management Company Limited	Capital Markets	0.84%
Bajaj Finserv Limited	Finance	0.78%
Onemi Technology Solutions Limited	Finance	0.78%
PB Fintech Limited	Financial Technology (Fintech)	0.76%
The Karnataka Bank Limited	Banks	0.75%
Cholamandalam Financial Holdings Limited	Finance	0.72%
Billionbrains Garage Ventures Ltd	Capital Markets	0.69%
Aditya Birla Capital Limited	Finance	0.62%
360 One WAM Limited	Capital Markets	0.55%
Star Health And Allied Insurance Company Limited	Insurance	0.54%
SBI Life Insurance Company Limited	Insurance	0.53%
Pine Labs Limited	Financial Technology (Fintech)	0.53%
HDB Financial Services Limited	Finance	0.52%
KFin Technologies Limited	Capital Markets	0.50%
UTI Asset Management Company Limited	Capital Markets	0.43%
Spandana Sphoorty Financial Limited	Finance	0.39%
Five Star Business Finance Limited	Finance	0.39%
Turtlemint Fintech Solutions Limited	Financial Technology (Fintech)	0.31%
Mas Financial Services Limited	Finance	0.22%
Karur Vysya Bank Limited	Banks	0.15%

Bandhan Financial Services Fund Stocks Bought and Sold

August 2026 is the first month we hold for this fund, so there is no earlier month to compare it with.

What Bandhan Financial Services Fund bought and sold

Bandhan Financial Services Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Tata Banking & Financial Services FundThematic · Tata	64.8%	29	Compare
ITI Banking and Financial Services FundThematic · ITI	61.2%	23	Compare
Canara Robeco Banking and Financial Services FundSectoral · Canara Robeco	60.7%	23	Compare
HDFC Banking & Financial Services FundThematic · HDFC	60.7%	26	Compare
Baroda BNP Paribas Banking and Financial Services FundThematic · Baroda BNP Paribas	59.7%	30	Compare
WhiteOak Capital Banking & Financial Services FundSectoral · WhiteOak Capital	59.5%	29	Compare
Kotak Banking And Financial Services FundThematic · Kotak Mahindra	58.2%	23	Compare
Aditya Birla Sun Life Banking and Financial Services FundThematic · Aditya Birla Sun Life	58.0%	27	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Bandhan Financial Services Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.04%
Expense ratio (Regular): 2.50%
Category: Sectoral
Risk: Very High
Benchmark: Nifty Financial Services TRI
Launch date: 28-07-2023
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹1,122.38 Cr (31-08-2026)
Lock in: None
Scheme code (Direct): 151816
ISIN (Direct): INF194KB1GB2
Scheme code (Regular): 151818
ISIN (Regular): INF194KB1GE6
NAV history: From 31-07-2023, 3.2 years

Exit load: Exit load of 0.5%, if redeemed within 30 days.

Tax on Bandhan Financial Services Fund returns

Bandhan Financial Services Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹14.562	30-10-2026
direct	IDCW	₹12.702	30-10-2026
regular	Growth	₹13.821	30-10-2026
regular	IDCW	₹12.065	30-10-2026

About Bandhan Financial Services Fund

Bandhan Financial Services Fund is a mutual fund from Bandhan Mutual Fund. Its category is Sectoral. It was launched on 28-07-2023. Its benchmark is Nifty Financial Services TRI. At the end of August 2026 it held 57 securities.

Fund Manager

Ritu Modi
Fund manager of Bandhan Financial Services Fund, since 02-12-2024
Harshvardhan Agrawal
Fund manager of Bandhan Financial Services Fund, since 07-06-2024
Harshal Joshi
Fund manager of Bandhan Financial Services Fund, since 28-07-2023
Ritika Behera
Fund manager of Bandhan Financial Services Fund, since 02-12-2024
Gaurav Satra
Fund manager of Bandhan Financial Services Fund, since 02-12-2024

See all funds of Bandhan Mutual Fund

AUM change

August 2026: ₹1,122.38 Cr; First month on file

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Bandhan Financial Services Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Bandhan Financial Services vs DSP HealthcareSectoral
Bandhan Financial Services vs Nippon India PharmaSectoral
Bandhan Financial Services vs Bandhan Transportation and LogisticsSectoral
Bandhan Financial Services vs Nippon India Power & InfraSectoral
Bandhan Financial Services vs Invesco India Financial ServicesSectoral
Bandhan Financial Services vs Tata Banking & Financial Services64.8% overlap
Bandhan Financial Services vs ITI Banking and Financial Services61.2% overlap
Bandhan Financial Services vs Canara Robeco Banking and Financial Services60.7% overlap

Compare with any other fund

Frequently Asked Questions for Bandhan Financial Services Fund

What is the current NAV of Bandhan Financial Services Fund?

The Direct plan NAV is ₹14.562. The Regular plan NAV is ₹13.821, as on 30-10-2026.

What are the returns of Bandhan Financial Services Fund?

The Direct plan returned −7.55% in 1 year, +12.68% a year over 3 years. The Regular plan returned −8.96% in 1 year, +10.89% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of Bandhan Financial Services Fund?

The Direct plan charges 1.04% a year. The Regular plan charges 2.50% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of Bandhan Financial Services Fund?

Bandhan Financial Services Fund managed ₹1,122.38 Cr on 31-08-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Bandhan Financial Services Fund?

At the end of August 2026 the largest holdings were ICICIBANK (14.72%), HDFCBANK (10.23%), KOTAKBANK (5.59%), AXISBANK (4.72%), BAJFINANCE (4.33%). The fund held 57 securities in all.

How do I invest in Bandhan Financial Services Fund?

Through Bandhan Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of Bandhan Financial Services Fund?

Ritu Modi (since 02-12-2024), Harshvardhan Agrawal (since 07-06-2024), Harshal Joshi (since 28-07-2023), Ritika Behera (since 02-12-2024), Gaurav Satra (since 02-12-2024).

What is the exit load of Bandhan Financial Services Fund?

Exit load of 0.5%, if redeemed within 30 days.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.