Bandhan ELSS - Tax Saver Fund vs Bandhan Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan ELSS - Tax Saver Fund is an ELSS fund and Bandhan Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, Bandhan ELSS - Tax Saver Fund (Direct) returned 9.7% a year and Bandhan Flexi Cap Fund (Direct) returned 10.8% a year. Bandhan ELSS - Tax Saver Fund charges 0.93% a year and Bandhan Flexi Cap Fund 1.52% (Direct plans). Their portfolios overlap 63.6%: they hold 38 of the same securities.
Bandhan ELSS - Tax Saver Fund
ELSS
- 3 year return
- 9.7%
- Expense ratio
- 0.93%
- NAV
- ₹172.91
Bandhan Flexi Cap Fund
Flexi Cap
- 3 year return
- 10.8%
- Expense ratio
- 1.52%
- NAV
- ₹222.44
Which is better, Bandhan ELSS - Tax Saver or Bandhan Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan ELSS - Tax Saver returned more over 5 years: 10.1% a year against 8.8%.
- Bandhan Flexi Cap returned more over 3 years: 10.8% a year against 9.7%.
- Bandhan ELSS - Tax Saver costs less: 0.93% a year against 1.52% (Direct plans).
- Bandhan ELSS - Tax Saver swung less over 3 years: a standard deviation of 12.5% a year against 12.8%.
- Bandhan Flexi Cap fell less in its worst fall since 02-01-2013: −36.9% against −42.6%.
- Bandhan Flexi Cap is the larger fund: ₹7,508 Cr against ₹6,965 Cr.
- Their portfolios overlap 63.6%: 38 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 ELSS - Tax Saver Fund | Bandhan Flexi Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | ELSS | Flexi Cap |
| AUM | ₹6,965 Cr (31-08-2026) | ₹7,508 Cr (31-08-2026) |
| NAV | ₹172.91 (Direct) | ₹222.44 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.52% |
| Expense ratio (Regular) | 2.00% | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | BSE 500 TRI |
| Launch date | 26-12-2008 | 28-09-2005 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | 3 years | None |
| Fund managers | Daylynn Pinto | Manish Gunwani, Viraj Kulkarni |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
Bandhan ELSS - Tax Saver vs Bandhan Flexi Cap: 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 ELSS - Tax Saver Fund (Direct) | +0.23% | −4.45% | −0.81% | −4.14% | +9.74% | +10.10% | +14.61% |
| Bandhan Flexi Cap Fund (Direct) | +0.60% | −4.90% | −0.95% | −5.58% | +10.81% | +8.79% | +10.55% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 50 ELSS funds and the 46 Flexi Cap funds, same plan type.
Bandhan ELSS - Tax Saver vs Bandhan Flexi Cap: Year-wise Returns
| Year | ELSS - Tax SaverBandhan ELSS - Tax Saver | Flexi CapBandhan Flexi Cap | BSE 500 TRI |
|---|---|---|---|
| 2026to date | −5.84% | −5.91% | −7.81% |
| 2025 | +9.16% | +10.03% | +7.63% |
| 2024 | +14.40% | +15.76% | +15.81% |
| 2023 | +29.77% | +25.35% | +26.55% |
| 2022 | +5.46% | −0.68% | +4.77% |
| 2021 | +50.88% | +33.15% | +31.63% |
Bandhan ELSS - Tax Saver vs Bandhan Flexi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,675 of them, one for each trading day from 04-01-2016 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 ELSS - Tax Saver Fund (Direct)
Bandhan Flexi Cap Fund (Direct)
BSE 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 ELSS - Tax Saver | 3.5 | 4.1 | 5.4 | 19.1 | 30.0 | 23.8 | 14.1 | 17.6% | 17.5% | −7.3% | 43.1% | 80% |
| Bandhan Flexi Cap | 5.3 | 3.8 | 16.9 | 27.6 | 28.3 | 13.9 | 4.2 | 14.0% | 14.4% | −6.6% | 32.6% | 31% |
| BSE 500 TRI | 1.8 | 4.2 | 7.9 | 36.8 | 34.3 | 11.6 | 3.3 | 14.8% | 14.9% | −6.2% | 33.9% | -- |
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 BSE 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 02-01-2013. Past returns do not promise future returns.
Bandhan ELSS - Tax Saver vs Bandhan Flexi Cap: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver Fund (Direct) | ₹16,60,000 | ₹51,28,163 | ₹34,68,163 | 15.1% |
| Bandhan Flexi CapBandhan Flexi Cap Fund (Direct) | ₹16,60,000 | ₹40,07,847 | ₹23,47,847 | 11.9% |
Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver Fund (Direct)
Bandhan Flexi CapBandhan Flexi Cap 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 ELSS - Tax Saver vs Bandhan Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan ELSS - Tax Saver Fund (Direct) | Bandhan Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.14% | −5.58% |
| Standard deviation | 12.70% | 12.99% |
| Sharpe ratio | -0.74 | -0.83 |
| Sortino ratio | -1.00 | -1.13 |
| Maximum drawdown | −13.8% (31-03-2026) | −13.9% (31-03-2026) |
| Beta | 0.87 | 0.89 |
| Alpha | +1.82% | +0.60% |
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 ELSS - Tax Saver Fund (Direct) | Bandhan Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.74% | +10.81% |
| Standard deviation | 12.46% | 12.84% |
| Sharpe ratio | 0.30 | 0.37 |
| Sortino ratio | 0.41 | 0.51 |
| Maximum drawdown | −17.7% (04-03-2025) | −16.9% (07-04-2025) |
| Beta | 0.86 | 0.89 |
| Alpha | +0.39% | +1.36% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan ELSS - Tax Saver Fund (Direct) | Bandhan Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.10% | +8.79% |
| Standard deviation | 13.49% | 13.28% |
| Sharpe ratio | 0.32 | 0.22 |
| Sortino ratio | 0.43 | 0.31 |
| Maximum drawdown | −18.4% (20-06-2022) | −20.6% (17-06-2022) |
| Beta | 0.92 | 0.90 |
| Alpha | +1.68% | +0.41% |
From daily NAVs, 29-10-2021 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 ELSS - Tax Saver Fund (Direct) | Bandhan Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.94% | +13.09% |
| Standard deviation | 15.44% | 14.55% |
| Sharpe ratio | 0.64 | 0.48 |
| Sortino ratio | 0.86 | 0.65 |
| Maximum drawdown | −42.6% (23-03-2020) | −36.9% (23-03-2020) |
| Beta | 0.93 | 0.87 |
| Alpha | +3.58% | +1.17% |
From daily NAVs, 02-01-2013 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 ELSS - Tax Saver Fund (Direct)
Bandhan Flexi Cap Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan ELSS - Tax Saver Fund (Direct) | −42.6% | 15-01-2018 | 23-03-2020 | 18-11-2020 | 8 months | −6.7% |
| Bandhan Flexi Cap Fund (Direct) | −36.9% | 07-02-2020 | 23-03-2020 | 04-12-2020 | 8 months | −6.7% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 02-01-2013, 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 ELSS - Tax Saver Fund (Direct)
Bandhan Flexi Cap Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan ELSS - Tax Saver Fund (Direct)
Bandhan Flexi Cap Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan ELSS - Tax Saver Fund (Direct)
Bandhan Flexi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan ELSS - Tax Saver Fund (Direct) | 105% | 91% | 5.38% |
| Bandhan Flexi Cap Fund (Direct) | 94% | 85% | 5.60% |
From month-end values since 02-01-2013. 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 ELSS - Tax Saver vs Bandhan Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan ELSS - Tax Saver Fund, August 2026; Bandhan Flexi Cap Fund, August 2026
Holdings in common
- Overlap
- 63.6%
- Held by both
- 38
- Only in Bandhan ELSS - Tax Saver
- 21
- Only in Bandhan Flexi Cap
- 40
| Security | % of Bandhan ELSS - Tax Saver | % of Bandhan Flexi Cap |
|---|---|---|
| HDFC Bank Limited | 7.74% | 8.50% |
| ICICI Bank Limited | 5.64% | 8.00% |
| Reliance Industries Limited | 6.23% | 5.27% |
| Kotak Mahindra Bank Limited | 6.32% | 3.85% |
| Infosys Limited | 3.09% | 3.47% |
| Axis Bank Limited | 2.99% | 3.90% |
| Tata Consultancy Services Limited | 4.31% | 2.71% |
| Maruti Suzuki India Limited | 2.63% | 2.89% |
| Bharti Airtel Limited | 2.47% | 3.50% |
| ITC Limited | 2.27% | 2.89% |
| Larsen & Toubro Limited | 2.32% | 1.89% |
| Bajaj Finserv Limited | 1.89% | 2.42% |
| HDFC Life Insurance Company Limited | 2.03% | 1.70% |
| Oil & Natural Gas Corporation Limited | 1.66% | 1.54% |
| Eternal Limited | 1.41% | 1.97% |
| Cipla Limited | 1.42% | 1.36% |
| Titan Company Limited | 1.28% | 1.43% |
| Sterlite Technologies Limited | 1.46% | 1.20% |
| Hindustan Unilever Limited | 1.41% | 1.18% |
| Life Insurance Corporation Of India | 1.20% | 1.17% |
| Hero MotoCorp Limited | 1.17% | 1.23% |
| ICICI Lombard General Insurance Company Limited | 1.74% | 1.15% |
| Sun Pharmaceutical Industries Limited | 1.14% | 1.06% |
| Poonawalla Fincorp Limited | 1.73% | 1.00% |
| Emami Limited | 0.81% | 0.95% |
| NTPC Limited | 0.80% | 1.09% |
| Jindal Steel Limited | 1.97% | 0.79% |
| Bayer Cropscience Limited | 1.01% | 0.67% |
| Dr. Reddy's Laboratories Limited | 1.66% | 0.46% |
| KEC International Limited | 0.48% | 0.44% |
| V-Mart Retail Limited | 0.37% | 1.34% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.81% |
| Greenpanel Industries Limited | 0.52% | 0.33% |
| Mas Financial Services Limited | 0.87% | 0.26% |
| Lupin Limited | 0.31% | 0.26% |
| DLF Limited | 0.50% | 0.18% |
| Godrej Consumer Products Limited | 0.65% | 0.12% |
| GlaxoSmithKline Pharmaceuticals Limited | 1.20% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 63.6% means 63.6% 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 ELSS - Tax Saver Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Financial Services Limited | 2.14% |
| Avenue Supermarts Limited | 1.96% |
| IDFC First Bank Limited | 1.73% |
| United Spirits Limited | 1.47% |
| Mahindra Lifespace Developers Limited | 1.40% |
Largest holdings only in Bandhan Flexi Cap Fund
| Security | % of fund |
|---|---|
| Cholamandalam Financial Holdings Limited | 1.42% |
| Coal India Limited | 1.28% |
| SBI Life Insurance Company Limited | 1.28% |
| ICICI Prudential Life Insurance Company Limited | 1.21% |
| Hyundai Motor India Ltd | 1.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan ELSS - Tax Saver | Bandhan Flexi Cap |
|---|---|---|
| Equity | 95.2% | 94.7% |
| Debt | 0.0% | 0.7% |
| Cash and others | 4.8% | 4.6% |
Market cap of stocks
| Market cap | Bandhan ELSS - Tax Saver | Bandhan Flexi Cap |
|---|---|---|
| Large Cap | 69.6% | 72.0% |
| Mid Cap | 15.8% | 9.9% |
| Small Cap | 9.7% | 12.8% |
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 ELSS - Tax Saver | Bandhan Flexi Cap |
|---|---|---|
| Banks | 24.4% | 24.3% |
| IT - Software | 7.5% | 6.7% |
| Pharmaceuticals & Biotechnology | 7.0% | 3.7% |
| Finance | 6.6% | 5.3% |
| Insurance | 5.0% | 6.5% |
| Petroleum Products | 6.2% | 5.3% |
| Automobiles | 3.8% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan ELSS - Tax Saver vs Bandhan Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan ELSS - Tax Saver Fund | Bandhan Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.52% |
| Base expense ratio (Direct) | 0.63% | 0.96% |
| Total expense ratio (Regular) | 2.00% | 2.20% |
| Base expense ratio (Regular) | 1.56% | 1.54% |
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 ELSS - Tax Saver with
Bandhan ELSS - Tax Saver Fund vs Bandhan Flexi Cap Fund: Frequently Asked Questions
What is the difference between Bandhan ELSS - Tax Saver Fund and Bandhan Flexi Cap Fund?
Bandhan ELSS - Tax Saver Fund is an ELSS fund, Bandhan Flexi Cap Fund is a Flexi Cap fund, run by Bandhan Mutual Fund. Their portfolios overlap 63.6%. Bandhan ELSS - Tax Saver Fund charges 0.93% a year and Bandhan Flexi Cap Fund 1.52%.
Which has given higher returns, Bandhan ELSS - Tax Saver Fund or Bandhan Flexi Cap Fund?
Over 1 year: Bandhan ELSS - Tax Saver Fund −4.14%, Bandhan Flexi Cap Fund −5.58%. Over 3 years: Bandhan ELSS - Tax Saver Fund +9.74% a year, Bandhan Flexi Cap Fund +10.81% a year. Over 5 years: Bandhan ELSS - Tax Saver Fund +10.10% a year, Bandhan Flexi Cap Fund +8.79% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan ELSS - Tax Saver Fund or Bandhan Flexi Cap Fund?
Bandhan ELSS - Tax Saver Fund charges less: 0.93% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan ELSS - Tax Saver Fund and Bandhan Flexi Cap Fund overlap?
63.6%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan ELSS - Tax Saver Fund or Bandhan Flexi Cap Fund?
On SEBI's riskometer, Bandhan ELSS - Tax Saver Fund is rated Very High and Bandhan Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 12.46% and 12.84% a year.
Which is better for SIP, Bandhan ELSS - Tax Saver Fund or Bandhan Flexi Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,58,504 in Bandhan ELSS - Tax Saver Fund (XIRR 8.5% a year) and ₹7,52,939 in Bandhan Flexi Cap Fund (XIRR 8.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan ELSS - Tax Saver Fund and Bandhan Flexi Cap Fund?
Yes. 63.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan ELSS - Tax Saver Fund and Bandhan Flexi Cap Fund?
Bandhan ELSS - Tax Saver Fund: Daylynn Pinto. Bandhan Flexi Cap Fund: Manish Gunwani, Viraj Kulkarni.
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.