Bandhan Multi-Factor Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Bandhan Multi-Factor Fund is a Thematic fund run by Bandhan Mutual Fund. On 31-08-2026, it managed ₹647 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −11.8% and its Regular plan returned −13.2%. Its benchmark, BSE 200 TRI, returned −8.3% over the same year.

NAV (Direct plan): ₹8.92; ▼ 0.29%30-10-2026
NAV (Regular plan): ₹8.74; ▼ 0.30%30-10-2026
Expense ratio: 2.76%Direct4.26%Regular; 2.76%; A year
Riskometer: Very High; Set by the fund house
1 year return: −11.8%Direct−13.2%Regular; −11.8%; Total

Bandhan Multi-Factor Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹8.92 (down 0.29% that day); Regular Plan Growth ₹8.74 (down 0.30% that day).

This fund (Direct plan)

₹8.917

Bandhan Multi-Factor Fund Returns vs BSE 200 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)	−3.54%	−11.74%	−11.32%	−11.84%	--	--	--
This fund (Regular)	−3.66%	−12.08%	−12.00%	−13.22%	--	--	--
BSE 200 TRI	+0.03%	−6.11%	−3.36%	−8.30%	+9.62%	+8.21%	+12.37%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	165/235	232/232	228/232	207/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Bandhan Multi-Factor Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	BSE 200 TRI
2026to date	−16.31%	−17.39%	−8.98%

Bandhan Multi-Factor 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 1-year holding period, plotted on the day it ended. There are 60 periods, one for each trading day from 03-08-2026 to 30-10-2026.

−15%−10%−5%0%5%10%

Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
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Sept 2026Sept 2025
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Sept 2026Oct 2025
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Oct 2026Oct 2025
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Oct 2026

Bandhan Multi-Factor Fund (Direct)BSE 200 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	60	−3.4%	−12.6%	5.0%	58%	−2.1%	5%

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 BSE 200 TRI over the same days. Past returns do not promise future returns.

Bandhan Multi-Factor Fund Risk

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

Risk and return

Measure	Bandhan Multi-Factor Fund (Direct)This fund	BSE 200 TRI
Return (CAGR)	−11.84%	−8.30%
Standard deviation	13.87%	14.12%
Sharpe ratio	-1.23	-0.96
Sortino ratio	-1.56	-1.27
Maximum drawdown	−19.8% (23-10-2026)	−14.7% (30-03-2026)
Beta	0.89	1.00
Alpha	−5.01%	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 Multi-Factor Fund (Direct)This fund	BSE 200 TRI
Return (CAGR)	−7.70%	−2.52%
Standard deviation	13.07%	13.23%
Sharpe ratio	-0.99	-0.59
Sortino ratio	-1.27	-0.79
Maximum drawdown	−19.8% (23-10-2026)	−14.7% (30-03-2026)
Beta	0.90	1.00
Alpha	−5.97%	0.00%

From daily NAVs, 01-08-2025 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.

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%

2026

Bandhan Multi-Factor Fund (Direct)BSE 200 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Bandhan Multi-Factor Fund (Direct)	−19.8%	11-02-2026	23-10-2026	Not yet	--	−18.1%
BSE 200 TRI	−14.7%	02-01-2026	30-03-2026	Not yet	--	−9.9%

From the Direct plan's daily NAV since 01-08-2025, adjusted for unit splits, and BSE 200 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Bandhan Multi-Factor Fund vs Other Thematic Funds

The five Thematic 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
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Bandhan Multi-Factor Fund	207/215	647	2.76%	−11.84%	--	--	--	--	--

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 Multi-Factor 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	Thematic median	Cost rank (1 = cheapest)
Direct	0.77%	0.41%	0.04%	1.54%	2.76%	1.18%	232/235
Regular	2.08%	0.41%	0.04%	1.73%	4.26%	2.41%	234/235

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 Thematic 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	−13.22%	−11.84%	1.38%	₹86,780	₹88,160

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 Multi-Factor 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 01-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planBandhan Multi-Factor Fund (Direct)	₹1,50,000	₹1,33,541	−₹16,459	−16.4%
Regular planBandhan Multi-Factor Fund (Regular)	₹1,50,000	₹1,32,186	−₹17,814	−17.7%
BSE 200 TRI	₹1,50,000	₹1,43,458	−₹6,542	−6.6%
Category averageCategory average, 235 Thematic funds	₹1,50,000	₹1,50,331	₹331	0.3%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planBandhan Multi-Factor Fund (Direct)Regular planBandhan Multi-Factor Fund (Regular)BSE 200 TRICategory averageCategory average, 235 Thematic 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 Multi-Factor Fund Asset Allocation

Asset allocation as on 31-08-2026

What the fund holds

98.6%Equity

Asset	Fund	Category
Equity	98.6%	94.5%
Cash and others	1.4%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	63.9%	45.7%
Mid Cap	29.9%	19.6%
Small Cap	4.7%	24.1%

Share of the whole fund. Category: the average of the Thematic 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 Multi-Factor Fund Sector Allocation

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

Largest sectors

Automobiles11.2%
Industrial Products9.8%
Banks8.9%
Ferrous Metals8.0%
Finance4.9%
IT - Software4.8%
Capital Markets4.5%
Insurance4.4%
Consumer Durables4.3%
Electrical Equipment4.1%

The ten largest of 21 sectors. The other 11 add up to 33.6%.

Bandhan Multi-Factor Fund Portfolio Holdings

As on 31-08-2026 · 34 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%
Axis Bank Limited	Banks	4.33%
Polycab India Limited	Industrial Products	4.09%
Suzlon Energy Limited	Electrical Equipment	4.07%
Tata Steel Limited	Ferrous Metals	4.07%
Power Grid Corporation of India Limited	Power	4.01%
UltraTech Cement Limited	Cement & Cement Products	3.99%
JSW Steel Limited	Ferrous Metals	3.95%
Lupin Limited	Pharmaceuticals & Biotechnology	3.95%
Hero MotoCorp Limited	Automobiles	3.83%
Bajaj Auto Limited	Automobiles	3.82%
Bharti Airtel Limited	Telecom - Services	3.70%
Cummins India Limited	Industrial Products	3.60%
Eicher Motors Limited	Automobiles	3.52%
HDFC Asset Management Company Limited	Capital Markets	3.38%
Titan Company Limited	Consumer Durables	3.35%
Nestle India Limited	Food Products	3.31%
Coal India Limited	Consumable Fuels	3.18%
Marico Limited	Agricultural Food & other Products	3.15%
PB Fintech Limited	Financial Technology (Fintech)	2.79%
Oracle Financial Services Software Limited	IT - Software	2.56%
Yes Bank Limited	Banks	2.49%
HDFC Life Insurance Company Limited	Insurance	2.46%
Tata Elxsi Limited	IT - Software	2.28%
Bajaj Finance Limited	Finance	2.27%
Varun Beverages Limited	Beverages	2.20%
KEI Industries Limited	Industrial Products	2.12%
Indian Bank	Banks	2.11%
Max Financial Services Limited	Insurance	1.98%
Page Industries Limited	Textiles & Apparels	1.83%
Power Finance Corporation Limited	Finance	1.68%
Jubilant Foodworks Limited	Leisure Services	1.51%
360 One WAM Limited	Capital Markets	1.12%
LIC Housing Finance Limited	Finance	0.95%
Asian Paints Limited	Consumer Durables	0.92%

Bandhan Multi-Factor 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 Multi-Factor Fund bought and sold

Bandhan Multi-Factor Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Kotak NIFTY Alpha Low Volatility 30 Index FundIndex · Kotak Mahindra	39.0%	13	Compare
ICICI Prudential Nifty Alpha Low- Volatility 30 ETFETF · ICICI Prudential	39.0%	13	Compare
Nippon India Nifty Alpha Low Volatility 30 Index FundIndex · Nippon India	39.0%	13	Compare
Edelweiss Nifty Alpha Low Volatility 30 Index FundIndex · Edelweiss	39.0%	13	Compare
UTI Nifty Alpha Low-Volatility 30 Index FundIndex · UTI	38.9%	13	Compare
Bandhan Nifty Alpha Low Volatility 30 Index FundIndex · Bandhan	38.4%	13	Compare
360 One Quant FundThematic · 360 ONE	36.1%	13	Compare
DSP Quant FundThematic · DSP	32.7%	13	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 Multi-Factor Fund Overview

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

Expense ratio (Direct): 2.76%
Expense ratio (Regular): 4.26%
Category: Thematic
Risk: Very High
Benchmark: BSE 200 TRI
Launch date: 30-07-2025
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹646.63 Cr (31-08-2026)
Lock in: None
Scheme code (Direct): 153722
ISIN (Direct): INF194KB1JX0
Scheme code (Regular): 153721
ISIN (Regular): INF194KB1JU6
NAV history: From 01-08-2025, 1.2 years

Exit load: Exit load of 0.50%, if redeemed within 30 days.

Tax on Bandhan Multi-Factor Fund returns

Bandhan Multi-Factor 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	₹8.917	30-10-2026
direct	IDCW	₹8.917	30-10-2026
regular	Growth	₹8.744	30-10-2026
regular	IDCW	₹8.744	30-10-2026

About Bandhan Multi-Factor Fund

Bandhan Multi-Factor Fund is a mutual fund from Bandhan Mutual Fund. Its category is Thematic. It was launched on 30-07-2025. Its benchmark is BSE 200 TRI. At the end of August 2026 it held 34 securities.

Fund Manager

Rishi Sharma
Fund manager of Bandhan Multi-Factor Fund, since 30-07-2025
Nilesh Saha
Fund manager of Bandhan Multi-Factor Fund, since 19-03-2026
Brijesh Shah
Fund manager of Bandhan Multi-Factor Fund, since 30-07-2025

See all funds of Bandhan Mutual Fund

AUM change

August 2026: ₹646.63 Cr; First month on file

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

Compare Bandhan Multi-Factor Fund with Other Funds

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

Bandhan Multi-Factor vs Nippon India Taiwan EquityThematic
Bandhan Multi-Factor vs HDFC DefenceThematic
Bandhan Multi-Factor vs HDFC Pharma and HealthcareThematic
Bandhan Multi-Factor vs SBI Healthcare OpportunitiesThematic
Bandhan Multi-Factor vs Aditya Birla Sun Life International EquityThematic
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index39.0% overlap
Bandhan Multi-Factor vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF39.0% overlap
Bandhan Multi-Factor vs Nippon India Nifty Alpha Low Volatility 30 Index39.0% overlap

Compare with any other fund

Frequently Asked Questions for Bandhan Multi-Factor Fund

What is the current NAV of Bandhan Multi-Factor Fund?

The Direct plan NAV is ₹8.917. The Regular plan NAV is ₹8.744, as on 30-10-2026.

What are the returns of Bandhan Multi-Factor Fund?

The Direct plan returned −11.84% in 1 year. The Regular plan returned −13.22% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Bandhan Multi-Factor Fund?

The Direct plan charges 2.76% a year. The Regular plan charges 4.26% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.

What is the AUM of Bandhan Multi-Factor Fund?

Bandhan Multi-Factor Fund managed ₹646.63 Cr on 31-08-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Bandhan Multi-Factor Fund?

At the end of August 2026 the largest holdings were AXISBANK (4.33%), POLYCAB (4.09%), SUZLON (4.07%), TATASTEEL (4.07%), POWERGRID (4.01%). The fund held 34 securities in all.

How do I invest in Bandhan Multi-Factor 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 Multi-Factor Fund?

Rishi Sharma (since 30-07-2025), Nilesh Saha (since 19-03-2026), Brijesh Shah (since 30-07-2025).

What is the exit load of Bandhan Multi-Factor Fund?

Exit load of 0.50%, 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.