Bandhan ELSS - Tax Saver Fund vs Bandhan Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan ELSS - Tax Saver Fund is an ELSS fund and Bandhan Multi Cap Fund is a Multi Cap fund. In the 3 years to 30-10-2026, Bandhan ELSS - Tax Saver Fund (Direct) returned 9.7% a year and Bandhan Multi Cap Fund (Direct) returned 12.0% a year. Bandhan ELSS - Tax Saver Fund charges 0.93% a year and Bandhan Multi Cap Fund 0.95% (Direct plans). Their portfolios overlap 60.7%: they hold 48 of the same securities.
Bandhan ELSS - Tax Saver Fund
ELSS
- 3 year return
- 9.7%
- Expense ratio
- 0.93%
- NAV
- ₹172.91
Bandhan Multi Cap Fund
Multi Cap
- 3 year return
- 12.0%
- Expense ratio
- 0.95%
- NAV
- ₹17.74
Which is better, Bandhan ELSS - Tax Saver or Bandhan Multi 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 Multi Cap returned more over 3 years: 12.0% a year against 9.7%.
- Bandhan ELSS - Tax Saver returned more over 1 year: −4.1% against −4.8%.
- Bandhan ELSS - Tax Saver costs less: 0.93% a year against 0.95% (Direct plans).
- Bandhan ELSS - Tax Saver swung less over 3 years: a standard deviation of 12.5% a year against 13.6%.
- Bandhan Multi Cap fell less in its worst fall since 03-12-2021: −18.3% against −18.4%.
- Bandhan ELSS - Tax Saver holds more in large companies: 69.6% of the fund in large caps against 43.8%.
- Bandhan ELSS - Tax Saver is the larger fund: ₹6,965 Cr against ₹3,074 Cr.
- Their portfolios overlap 60.7%: 48 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 Multi Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | ELSS | Multi Cap |
| AUM | ₹6,965 Cr (31-08-2026) | ₹3,074 Cr (31-08-2026) |
| NAV | ₹172.91 (Direct) | ₹17.74 (Direct) |
| Expense ratio (Direct) | 0.93% | 0.95% |
| Expense ratio (Regular) | 2.00% | 2.27% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 26-12-2008 | 02-12-2021 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | 3 years | None |
| Fund managers | Daylynn Pinto | Daylynn Pinto, Harshal Joshi |
| Exit load | Nil | Exit load of 1% if redeemed wtihin 1 year. |
Bandhan ELSS - Tax Saver vs Bandhan Multi 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 Multi Cap Fund (Direct) | −1.86% | −6.28% | −1.26% | −4.75% | +12.01% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 50 ELSS funds and the 33 Multi Cap funds, same plan type.
Bandhan ELSS - Tax Saver vs Bandhan Multi Cap: Year-wise Returns
| Year | ELSS - Tax SaverBandhan ELSS - Tax Saver | Multi CapBandhan Multi Cap |
|---|---|---|
| 2026to date | −5.84% | −4.97% |
| 2025 | +9.16% | +6.46% |
| 2024 | +14.40% | +21.25% |
| 2023 | +29.77% | +31.66% |
| 2022 | +5.46% | +8.66% |
| 2021 | +50.88% | -- |
Bandhan ELSS - Tax Saver vs Bandhan Multi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan ELSS - Tax Saver Fund
Rolling returns
Every 3-year holding period, 477 of them, one for each trading day from 03-12-2024 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 Multi Cap Fund (Direct)
BSE 500 TRI
to
Jan 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
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 ELSS - Tax Saver | 0.0 | 0.0 | 7.3 | 32.3 | 53.5 | 6.9 | 0.0 | 15.3% | 15.9% | 8.2% | 23.1% | 72% |
| Bandhan Multi Cap | 0.0 | 0.0 | 0.0 | 13.2 | 62.7 | 21.0 | 3.1 | 18.3% | 18.4% | 11.0% | 26.4% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 5.0 | 40.7 | 48.6 | 5.7 | 0.0 | 15.0% | 15.2% | 8.4% | 22.0% | -- |
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 03-12-2021. Past returns do not promise future returns.
Bandhan ELSS - Tax Saver vs Bandhan Multi 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 01-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver Fund (Direct) | ₹5,90,000 | ₹7,25,877 | ₹1,35,877 | 8.4% |
| Bandhan Multi CapBandhan Multi Cap Fund (Direct) | ₹5,90,000 | ₹7,54,643 | ₹1,64,643 | 10.0% |
Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver Fund (Direct)
Bandhan Multi CapBandhan Multi 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 Multi 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 Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.14% | −4.75% |
| Standard deviation | 12.70% | 13.79% |
| Sharpe ratio | -0.74 | -0.72 |
| Sortino ratio | -1.00 | -0.97 |
| Maximum drawdown | −13.8% (31-03-2026) | −14.6% (30-03-2026) |
| Beta | 0.87 | 0.90 |
| Alpha | +1.82% | +0.19% |
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 Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.74% | +12.01% |
| Standard deviation | 12.46% | 13.57% |
| Sharpe ratio | 0.30 | 0.44 |
| Sortino ratio | 0.41 | 0.60 |
| Maximum drawdown | −17.7% (04-03-2025) | −18.3% (03-03-2025) |
| Beta | 0.86 | 0.88 |
| Alpha | +0.39% | +1.38% |
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 Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.94% | +12.37% |
| Standard deviation | 15.44% | 13.20% |
| Sharpe ratio | 0.64 | 0.49 |
| Sortino ratio | 0.86 | 0.67 |
| Maximum drawdown | −42.6% (23-03-2020) | −18.3% (03-03-2025) |
| Beta | 0.93 | 0.85 |
| Alpha | +3.58% | +2.26% |
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 Multi 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) | −18.4% | 17-01-2022 | 20-06-2022 | 01-11-2022 | 4 months | −6.7% |
| Bandhan Multi Cap Fund (Direct) | −18.3% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −7.7% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 03-12-2021, 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 Multi 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 Multi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan ELSS - Tax Saver Fund (Direct) | 94% | 84% | 3.15% |
| Bandhan Multi Cap Fund (Direct) | 101% | 82% | 3.31% |
From month-end values since 03-12-2021. 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 Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan ELSS - Tax Saver Fund, August 2026; Bandhan Multi Cap Fund, August 2026
Holdings in common
- Overlap
- 60.7%
- Held by both
- 48
- Only in Bandhan ELSS - Tax Saver
- 11
- Only in Bandhan Multi Cap
- 60
| Security | % of Bandhan ELSS - Tax Saver | % of Bandhan Multi Cap |
|---|---|---|
| HDFC Bank Limited | 7.74% | 5.88% |
| Kotak Mahindra Bank Limited | 6.32% | 3.96% |
| Reliance Industries Limited | 6.23% | 3.95% |
| ICICI Bank Limited | 5.64% | 3.31% |
| Tata Consultancy Services Limited | 4.31% | 2.73% |
| Axis Bank Limited | 2.99% | 2.11% |
| Infosys Limited | 3.09% | 2.03% |
| Maruti Suzuki India Limited | 2.63% | 1.85% |
| Mahindra & Mahindra Financial Services Limited | 2.14% | 1.82% |
| ICICI Lombard General Insurance Company Limited | 1.74% | 1.53% |
| Larsen & Toubro Limited | 2.32% | 1.51% |
| Poonawalla Fincorp Limited | 1.73% | 1.51% |
| Bharti Airtel Limited | 2.47% | 1.47% |
| Sterlite Technologies Limited | 1.46% | 1.48% |
| ITC Limited | 2.27% | 1.41% |
| IDFC First Bank Limited | 1.73% | 1.40% |
| HDFC Life Insurance Company Limited | 2.03% | 1.24% |
| GlaxoSmithKline Pharmaceuticals Limited | 1.20% | 1.19% |
| Avenue Supermarts Limited | 1.96% | 1.14% |
| Dr. Reddy's Laboratories Limited | 1.66% | 1.13% |
| Aurobindo Pharma Limited | 1.23% | 1.12% |
| Eternal Limited | 1.41% | 1.07% |
| Bajaj Finserv Limited | 1.89% | 0.99% |
| Hindustan Unilever Limited | 1.41% | 0.96% |
| Life Insurance Corporation Of India | 1.20% | 0.95% |
| Jindal Steel Limited | 1.97% | 0.89% |
| Hero MotoCorp Limited | 1.17% | 0.89% |
| Bayer Cropscience Limited | 1.01% | 0.84% |
| Mas Financial Services Limited | 0.87% | 0.84% |
| Mahindra Lifespace Developers Limited | 1.40% | 0.83% |
| United Spirits Limited | 1.47% | 0.82% |
| Sun Pharmaceutical Industries Limited | 1.14% | 0.81% |
| Emami Limited | 0.81% | 0.86% |
| The Ramco Cements Limited | 0.88% | 0.77% |
| NTPC Limited | 0.80% | 0.75% |
| United Breweries Limited | 0.86% | 0.74% |
| Titan Company Limited | 1.28% | 0.66% |
| Cipla Limited | 1.42% | 0.46% |
| Oil & Natural Gas Corporation Limited | 1.66% | 0.45% |
| KEC International Limited | 0.48% | 0.41% |
| V-Mart Retail Limited | 0.37% | 1.52% |
| DLF Limited | 0.50% | 0.34% |
| Bharat Heavy Electricals Limited | 0.32% | 0.29% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.28% |
| Sobha Limited | 0.49% | 0.27% |
| Britannia Industries Limited | 0.19% | 0.34% |
| Nestle India Limited | 0.21% | 0.12% |
| Zensar Technologies Limited | 0.10% | 0.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 60.7% means 60.7% 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 ELSS - Tax Saver Fund
| Security | % of fund |
|---|---|
| UltraTech Cement Limited | 0.99% |
| GAIL (India) Limited | 0.89% |
| VRL Logistics Limited | 0.84% |
| Grasim Industries Limited | 0.73% |
| Godrej Consumer Products Limited | 0.65% |
Largest holdings only in Bandhan Multi Cap Fund
| Security | % of fund |
|---|---|
| Oil India Limited | 1.10% |
| AWL Agri Business Limited | 1.06% |
| Honeywell Automation India Limited | 1.04% |
| Graphite India Limited | 1.03% |
| MRF Limited | 0.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan ELSS - Tax Saver | Bandhan Multi Cap |
|---|---|---|
| Equity | 95.2% | 96.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.8% | 4.0% |
Market cap of stocks
| Market cap | Bandhan ELSS - Tax Saver | Bandhan Multi Cap |
|---|---|---|
| Large Cap | 69.6% | 43.8% |
| Mid Cap | 15.8% | 26.2% |
| Small Cap | 9.7% | 26.1% |
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 Multi Cap |
|---|---|---|
| Banks | 24.4% | 18.0% |
| IT - Software | 7.5% | 5.0% |
| Pharmaceuticals & Biotechnology | 7.0% | 7.5% |
| Finance | 6.6% | 6.5% |
| Petroleum Products | 6.2% | 4.0% |
| Retailing | 3.7% | 6.0% |
| Insurance | 5.0% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan ELSS - Tax Saver vs Bandhan Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan ELSS - Tax Saver Fund | Bandhan Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 0.95% |
| Base expense ratio (Direct) | 0.63% | 0.54% |
| Total expense ratio (Regular) | 2.00% | 2.27% |
| Base expense ratio (Regular) | 1.56% | 1.68% |
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 Multi Cap Fund: Frequently Asked Questions
What is the difference between Bandhan ELSS - Tax Saver Fund and Bandhan Multi Cap Fund?
Bandhan ELSS - Tax Saver Fund is an ELSS fund, Bandhan Multi Cap Fund is a Multi Cap fund, run by Bandhan Mutual Fund. Their portfolios overlap 60.7%. Bandhan ELSS - Tax Saver Fund charges 0.93% a year and Bandhan Multi Cap Fund 0.95%.
Which has given higher returns, Bandhan ELSS - Tax Saver Fund or Bandhan Multi Cap Fund?
Over 1 year: Bandhan ELSS - Tax Saver Fund −4.14%, Bandhan Multi Cap Fund −4.75%. Over 3 years: Bandhan ELSS - Tax Saver Fund +9.74% a year, Bandhan Multi Cap Fund +12.01% 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 Multi Cap Fund?
Bandhan ELSS - Tax Saver Fund charges less: 0.93% a year against 0.95%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan ELSS - Tax Saver Fund and Bandhan Multi Cap Fund overlap?
60.7%. They hold 48 of the same securities, the largest shared ones being HDFCBANK, KOTAKBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan ELSS - Tax Saver Fund or Bandhan Multi Cap Fund?
On SEBI's riskometer, Bandhan ELSS - Tax Saver Fund is rated Very High and Bandhan Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 12.46% and 13.57% a year.
Which is better for SIP, Bandhan ELSS - Tax Saver Fund or Bandhan Multi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,85,184 in Bandhan ELSS - Tax Saver Fund (XIRR 2.6% a year) and ₹3,88,753 in Bandhan Multi Cap Fund (XIRR 3.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan ELSS - Tax Saver Fund and Bandhan Multi Cap Fund?
Yes. 60.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan ELSS - Tax Saver Fund and Bandhan Multi Cap Fund?
Bandhan ELSS - Tax Saver Fund: Daylynn Pinto. Bandhan Multi Cap Fund: Daylynn Pinto, Harshal Joshi.
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.