Bandhan Aggressive Hybrid Fund vs Bandhan Innovation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Aggressive Hybrid Fund is an Aggressive Hybrid fund and Bandhan Innovation Fund is a Thematic fund. In the year to 30-10-2026, Bandhan Aggressive Hybrid Fund (Direct) returned 1.1% and Bandhan Innovation Fund (Direct) returned 9.9%. Bandhan Aggressive Hybrid Fund charges 0.87% a year and Bandhan Innovation Fund 0.90% (Direct plans). Their portfolios overlap 42.7%: they hold 53 of the same securities.
Bandhan Aggressive Hybrid Fund
Aggressive Hybrid
- 1 year return
- 1.1%
- Expense ratio
- 0.87%
- NAV
- ₹31.10
Bandhan Innovation Fund
Thematic
- 1 year return
- 9.9%
- Expense ratio
- 0.90%
- NAV
- ₹15.39
Which is better, Bandhan Aggressive Hybrid or Bandhan Innovation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Innovation returned more over 1 year: 9.9% against 1.1%.
- Bandhan Aggressive Hybrid costs less: 0.87% a year against 0.90% (Direct plans).
- Bandhan Aggressive Hybrid fell less in its worst fall since 02-05-2024: −13.4% against −19.7%.
- Bandhan Aggressive Hybrid holds more in large companies: 55.0% of the fund in large caps against 34.6%.
- Bandhan Innovation is the larger fund: ₹2,957 Cr against ₹2,610 Cr.
- Their portfolios overlap 42.7%: 53 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bandhan Aggressive Hybrid Fund | Bandhan Innovation Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Aggressive Hybrid | Thematic |
| AUM | ₹2,610 Cr (31-08-2026) | ₹2,957 Cr (31-08-2026) |
| NAV | ₹31.10 (Direct) | ₹15.39 (Direct) |
| Expense ratio (Direct) | 0.87% | 0.90% |
| Expense ratio (Regular) | 2.24% | 2.26% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty 500 TRI |
| Launch date | 30-12-2016 | 30-04-2024 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Harshal Joshi, Prateek Poddar | Manish Gunwani, Brijesh Shah, Prateek Poddar |
| Exit load | Exit load of 1% if units in excess of 10% are redeemed or switched-out within 12 months. | Exit load of 0.50%, if redeemed within 30 days. |
Bandhan Aggressive Hybrid vs Bandhan Innovation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bandhan Aggressive Hybrid Fund (Direct) | −0.21% | −2.41% | +2.77% | +1.12% | +14.34% | +10.86% | -- |
| Bandhan Innovation Fund (Direct) | −2.35% | +0.59% | +12.58% | +9.94% | -- | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 235 Thematic funds, same plan type.
Bandhan Aggressive Hybrid vs Bandhan Innovation: Year-wise Returns
| Year | Aggressive HybridBandhan Aggressive Hybrid | InnovationBandhan Innovation |
|---|---|---|
| 2026to date | +1.29% | +12.81% |
| 2025 | +9.12% | +4.81% |
| 2024 | +22.57% | -- |
| 2023 | +21.95% | -- |
| 2022 | +0.22% | -- |
| 2021 | +32.44% | -- |
Bandhan Aggressive Hybrid vs Bandhan Innovation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Bandhan Innovation Fund
Rolling returns
Every 1-year holding period, 376 of them, one for each trading day from 02-05-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bandhan Aggressive Hybrid Fund (Direct)
Bandhan Innovation Fund (Direct)
Nifty 500 TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Aggressive Hybrid | 0.3 | 9.0 | 43.1 | 36.7 | 9.0 | 1.9 | 0.0 | 10.0% | 9.5% | −0.5% | 22.4% | 100% |
| Bandhan Innovation | 0.0 | 7.7 | 21.5 | 27.1 | 26.9 | 15.4 | 1.3 | 13.7% | 13.9% | 1.3% | 30.2% | 94% |
| Nifty 500 TRI | 27.9 | 32.2 | 30.9 | 7.2 | 1.9 | 0.0 | 0.0 | 3.4% | 3.1% | −9.0% | 17.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-05-2024. Past returns do not promise future returns.
Bandhan Aggressive Hybrid vs Bandhan Innovation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-05-2024 to 30-10-2026: 30 instalments, ₹3,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Aggressive HybridBandhan Aggressive Hybrid Fund (Direct) | ₹3,00,000 | ₹3,26,686 | ₹26,686 | 6.8% |
| Bandhan InnovationBandhan Innovation Fund (Direct) | ₹3,00,000 | ₹3,61,895 | ₹61,895 | 15.2% |
Bandhan Aggressive HybridBandhan Aggressive Hybrid Fund (Direct)
Bandhan InnovationBandhan Innovation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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 Aggressive Hybrid vs Bandhan Innovation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Aggressive Hybrid Fund (Direct) | Bandhan Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.12% | +9.94% |
| Standard deviation | 11.61% | 16.51% |
| Sharpe ratio | -0.36 | 0.28 |
| Sortino ratio | -0.48 | 0.39 |
| Maximum drawdown | −10.3% (30-03-2026) | −14.3% (30-03-2026) |
| Beta | -- | 1.07 |
| Alpha | -- | +18.10% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan Aggressive Hybrid Fund (Direct) | Bandhan Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.22% | +18.56% |
| Standard deviation | 12.27% | 16.99% |
| Sharpe ratio | 0.56 | 0.75 |
| Sortino ratio | 0.75 | 1.02 |
| Maximum drawdown | −31.6% (23-03-2020) | −19.7% (28-02-2025) |
| Beta | -- | 1.06 |
| Alpha | -- | +16.17% |
From daily NAVs, 02-01-2017 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 and alpha compare each fund with its own benchmark's TRI.
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.
Bandhan Aggressive Hybrid Fund (Direct)
Bandhan Innovation Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Aggressive Hybrid Fund (Direct) | −13.4% | 27-09-2024 | 28-02-2025 | 09-06-2025 | 3 months | −4.7% |
| Bandhan Innovation Fund (Direct) | −19.7% | 02-01-2025 | 28-02-2025 | 22-07-2025 | 5 months | −5.9% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 02-05-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Aggressive Hybrid Fund (Direct)
Bandhan Innovation Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Aggressive Hybrid Fund (Direct) | 106% | 67% | 4.92% |
| Bandhan Innovation Fund (Direct) | 157% | 85% | 8.59% |
From month-end values since 02-05-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Bandhan Aggressive Hybrid vs Bandhan Innovation: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Aggressive Hybrid Fund, August 2026; Bandhan Innovation Fund, August 2026
Holdings in common
- Overlap
- 42.7%
- Held by both
- 53
- Only in Bandhan Aggressive Hybrid
- 55
- Only in Bandhan Innovation
- 30
| Security | % of Bandhan Aggressive Hybrid | % of Bandhan Innovation |
|---|---|---|
| ICICI Bank Limited | 5.77% | 3.16% |
| Reliance Industries Limited | 3.80% | 2.23% |
| Mahindra & Mahindra Limited | 2.15% | 2.33% |
| Eternal Limited | 2.14% | 6.43% |
| Bajaj Finserv Limited | 1.98% | 3.72% |
| One 97 Communications Limited | 1.73% | 5.02% |
| Bharat Electronics Limited | 1.10% | 1.70% |
| NTPC Limited | 2.77% | 1.06% |
| Honasa Consumer Limited | 1.06% | 2.28% |
| Coforge Limited | 1.06% | 2.41% |
| TVS Motor Company Limited | 0.98% | 1.13% |
| Sterlite Technologies Limited | 0.92% | 2.00% |
| Tech Mahindra Limited | 1.09% | 0.90% |
| Poonawalla Fincorp Limited | 0.90% | 1.88% |
| Meesho Ltd | 0.89% | 2.80% |
| HDFC Bank Limited | 4.44% | 0.85% |
| Vedanta Aluminium Metal Limited | 0.87% | 0.84% |
| Craftsman Automation Limited | 0.82% | 1.00% |
| Prestige Estates Projects Limited | 0.80% | 1.07% |
| AstraZeneca Pharma India Limited | 0.78% | 2.72% |
| Dr Agarwals Health Care Limited | 0.77% | 1.51% |
| The Indian Hotels Company Limited | 0.76% | 0.89% |
| Divi's Laboratories Limited | 0.76% | 1.79% |
| GE Vernova T&D India Limited | 0.74% | 1.51% |
| MTAR Technologies Limited | 0.72% | 1.66% |
| Jubilant Ingrevia Limited | 0.71% | 1.79% |
| Infosys Limited | 2.03% | 0.70% |
| Billionbrains Garage Ventures Ltd | 0.70% | 1.58% |
| Glenmark Pharmaceuticals Limited | 0.69% | 1.03% |
| Adani Ports and Special Economic Zone Limited | 0.66% | 0.94% |
| Godrej Properties Limited | 0.65% | 0.87% |
| Varun Beverages Limited | 0.64% | 1.34% |
| Cholamandalam Investment and Finance Company Ltd | 0.58% | 1.17% |
| Tilaknagar Industries Limited | 0.55% | 1.18% |
| Canara HSBC Life Insurance company Ltd | 0.54% | 0.83% |
| Fortis Healthcare Limited | 0.54% | 0.78% |
| Torrent Pharmaceuticals Limited | 0.50% | 0.90% |
| Amber Enterprises India Limited | 0.45% | 1.56% |
| Trent Limited | 0.45% | 1.08% |
| Sona BLW Precision Forgings Limited | 0.41% | 0.81% |
| Affle 3i Limited | 0.39% | 0.86% |
| Amagi Media Labs Limited | 0.36% | 0.85% |
| Power Mech Projects Limited | 0.36% | 0.43% |
| E2E Networks Limited | 0.35% | 1.70% |
| Saregama India Limited | 0.35% | 1.08% |
| Eicher Motors Limited | 0.32% | 0.80% |
| Biocon Limited | 0.30% | 0.79% |
| Lalithaa Jewellery Mart Ltd | 0.29% | 0.87% |
| Multi Commodity Exchange of India Limited | 0.27% | 0.83% |
| Vedanta Power Ltd | 0.25% | 0.46% |
| ETHOS LTD. | 0.24% | 0.65% |
| Tube Investments of India Limited | 0.25% | 0.19% |
| Ideaforge Technology Limited | 0.19% | 0.49% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.7% means 42.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bandhan Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.14% |
| 7.07% Bajaj Finance Limited | 2.82% |
| Larsen & Toubro Limited | 2.06% |
| 7.3% GOI (MD 19/06/2053) | 2.04% |
| JSW Steel Limited | 1.96% |
Largest holdings only in Bandhan Innovation Fund
| Security | % of fund |
|---|---|
| Info Edge (India) Limited | 1.37% |
| Vintage Coffee And Beverages Limited | 1.04% |
| TD Power Systems Limited | 1.03% |
| ZF Commercial Vehicle Control Systems India Limited | 1.01% |
| Bluestone Jewellery and Lifestyle Limited | 0.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Aggressive Hybrid | Bandhan Innovation |
|---|---|---|
| Equity | 79.6% | 99.0% |
| Debt | 18.6% | 0.0% |
| Cash and others | 1.8% | 1.0% |
Market cap of stocks
| Market cap | Bandhan Aggressive Hybrid | Bandhan Innovation |
|---|---|---|
| Large Cap | 55.0% | 34.6% |
| Mid Cap | 10.8% | 23.6% |
| Small Cap | 13.5% | 37.4% |
| Not on AMFI's list | 0.4% | 3.4% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bandhan Aggressive Hybrid | Bandhan Innovation |
|---|---|---|
| Banks | 16.6% | 4.0% |
| Retailing | 3.8% | 12.2% |
| Pharmaceuticals & Biotechnology | 5.0% | 9.3% |
| Finance | 4.4% | 6.8% |
| Financial Technology (Fintech) | 1.7% | 5.0% |
| Consumer Durables | 2.2% | 4.9% |
| Automobiles | 4.2% | 4.9% |
| IT - Software | 4.2% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Aggressive Hybrid vs Bandhan Innovation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Aggressive Hybrid Fund | Bandhan Innovation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | 0.90% |
| Base expense ratio (Direct) | 0.51% | 0.49% |
| Total expense ratio (Regular) | 2.24% | 2.26% |
| Base expense ratio (Regular) | 1.69% | 1.67% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bandhan Aggressive Hybrid with
Bandhan Aggressive Hybrid Fund vs Bandhan Innovation Fund: Frequently Asked Questions
What is the difference between Bandhan Aggressive Hybrid Fund and Bandhan Innovation Fund?
Bandhan Aggressive Hybrid Fund is an Aggressive Hybrid fund, Bandhan Innovation Fund is a Thematic fund, run by Bandhan Mutual Fund. Their portfolios overlap 42.7%. Bandhan Aggressive Hybrid Fund charges 0.87% a year and Bandhan Innovation Fund 0.90%.
Which has given higher returns, Bandhan Aggressive Hybrid Fund or Bandhan Innovation Fund?
Over 1 year: Bandhan Aggressive Hybrid Fund +1.12%, Bandhan Innovation Fund +9.94%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Aggressive Hybrid Fund or Bandhan Innovation Fund?
Bandhan Aggressive Hybrid Fund charges less: 0.87% a year against 0.90%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Aggressive Hybrid Fund and Bandhan Innovation Fund overlap?
42.7%. They hold 53 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, M&M. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Aggressive Hybrid Fund or Bandhan Innovation Fund?
On SEBI's riskometer, Bandhan Aggressive Hybrid Fund is rated Very High and Bandhan Innovation Fund Very High. Over 1 years, the standard deviation of daily returns was 11.61% and 16.51% a year.
Can I invest in both Bandhan Aggressive Hybrid Fund and Bandhan Innovation Fund?
Yes. 42.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Aggressive Hybrid Fund and Bandhan Innovation Fund?
Bandhan Aggressive Hybrid Fund: Harshal Joshi, Prateek Poddar. Bandhan Innovation Fund: Manish Gunwani, Brijesh Shah, Prateek Poddar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.