Bandhan Flexi Cap Fund vs Bandhan Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Flexi Cap Fund is a Flexi Cap fund and Bandhan Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Bandhan Flexi Cap Fund (Direct) returned −5.6% and Bandhan Multi Asset Allocation Fund (Direct) returned 5.0%. Bandhan Flexi Cap Fund charges 1.52% a year and Bandhan Multi Asset Allocation Fund 0.84% (Direct plans). Their portfolios overlap 46.1%: they hold 67 of the same securities.
Bandhan Flexi Cap Fund
Flexi Cap
- 1 year return
- −5.6%
- Expense ratio
- 1.52%
- NAV
- ₹222.44
Bandhan Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 5.0%
- Expense ratio
- 0.84%
- NAV
- ₹14.14
Which is better, Bandhan Flexi Cap or Bandhan Multi Asset Allocation? 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 Asset Allocation returned more over 1 year: 5.0% against −5.6%.
- Bandhan Multi Asset Allocation costs less: 0.84% a year against 1.52% (Direct plans).
- Bandhan Multi Asset Allocation fell less in its worst fall since 01-02-2024: −10.0% against −16.9%.
- Bandhan Flexi Cap holds more in large companies: 72.0% of the fund in large caps against 39.6%.
- Bandhan Flexi Cap is the larger fund: ₹7,508 Cr against ₹3,745 Cr.
- Their portfolios overlap 46.1%: 67 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 Flexi Cap Fund | Bandhan Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Flexi Cap | Multi Asset |
| AUM | ₹7,508 Cr (31-08-2026) | ₹3,745 Cr (31-08-2026) |
| NAV | ₹222.44 (Direct) | ₹14.14 (Direct) |
| Expense ratio (Direct) | 1.52% | 0.84% |
| Expense ratio (Regular) | 2.20% | 2.16% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver |
| Launch date | 28-09-2005 | 31-01-2024 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Viraj Kulkarni | Viraj Kulkarni, Daylynn Pinto, Kapil Kankonkar, Gautam Kaul, Brijesh Shah, Ritika Behera, Gaurav Satra |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Exit Load for units in excess of 10% of the investment,0.5% will be charged for redemption within 1 year. |
Bandhan Flexi Cap vs Bandhan Multi Asset Allocation: 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 Flexi Cap Fund (Direct) | +0.60% | −4.90% | −0.95% | −5.58% | +10.81% | +8.79% | +10.55% |
| Bandhan Multi Asset Allocation Fund (Direct) | −2.01% | −3.66% | −1.20% | +5.01% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 37 Multi Asset funds, same plan type.
Bandhan Flexi Cap vs Bandhan Multi Asset Allocation: Year-wise Returns
| Year | Flexi CapBandhan Flexi Cap | Multi Asset AllocationBandhan Multi Asset Allocation |
|---|---|---|
| 2026to date | −5.91% | +0.67% |
| 2025 | +10.03% | +20.98% |
| 2024 | +15.76% | -- |
| 2023 | +25.35% | -- |
| 2022 | −0.68% | -- |
| 2021 | +33.15% | -- |
Bandhan Flexi Cap vs Bandhan Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan Flexi Cap Fund
Rolling returns
Every 1-year holding period, 434 of them, one for each trading day from 03-02-2025 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 Flexi Cap Fund (Direct)
Bandhan Multi Asset Allocation Fund (Direct)
BSE 500 TRI
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 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 Flexi Cap | 16.4 | 33.2 | 33.2 | 17.1 | 0.2 | 0.0 | 0.0 | 5.0% | 5.1% | −6.5% | 15.6% | 89% |
| Bandhan Multi Asset Allocation | 0.0 | 0.2 | 13.8 | 40.0 | 26.2 | 14.5 | 5.3 | 15.2% | 14.4% | 4.8% | 28.8% | 100% |
| BSE 500 TRI | 28.6 | 32.7 | 31.6 | 6.0 | 1.2 | 0.0 | 0.0 | 3.3% | 3.1% | −9.2% | 17.3% | -- |
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 01-02-2024. Past returns do not promise future returns.
Bandhan Flexi Cap vs Bandhan Multi Asset Allocation: 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 01-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Flexi CapBandhan Flexi Cap Fund (Direct) | ₹3,30,000 | ₹3,35,932 | ₹5,932 | 1.3% |
| Bandhan Multi Asset AllocationBandhan Multi Asset Allocation Fund (Direct) | ₹3,30,000 | ₹3,76,684 | ₹46,684 | 9.6% |
Bandhan Flexi CapBandhan Flexi Cap Fund (Direct)
Bandhan Multi Asset AllocationBandhan Multi Asset Allocation 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 Flexi Cap vs Bandhan Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Flexi Cap Fund (Direct) | Bandhan Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.58% | +5.01% |
| Standard deviation | 12.99% | 10.55% |
| Sharpe ratio | -0.83 | -0.02 |
| Sortino ratio | -1.13 | -0.03 |
| Maximum drawdown | −13.9% (31-03-2026) | −10.0% (23-03-2026) |
| Beta | 0.89 | -- |
| Alpha | +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 Flexi Cap Fund (Direct) | Bandhan Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.09% | +13.42% |
| Standard deviation | 14.55% | 9.15% |
| Sharpe ratio | 0.48 | 0.82 |
| Sortino ratio | 0.65 | 1.13 |
| Maximum drawdown | −36.9% (23-03-2020) | −10.0% (23-03-2026) |
| Beta | 0.87 | -- |
| Alpha | +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 Flexi Cap Fund (Direct)
Bandhan Multi Asset Allocation 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 Flexi Cap Fund (Direct) | −16.9% | 26-09-2024 | 07-04-2025 | 02-01-2026 | 9 months | −6.7% |
| Bandhan Multi Asset Allocation Fund (Direct) | −10.0% | 29-01-2026 | 23-03-2026 | 03-07-2026 | 3 months | −6.2% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 01-02-2024, 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 Flexi Cap Fund (Direct)
Bandhan Multi Asset Allocation Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Flexi Cap Fund (Direct) | 97% | 84% | 3.21% |
| Bandhan Multi Asset Allocation Fund (Direct) | 78% | 24% | 8.10% |
From month-end values since 01-02-2024. 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 Flexi Cap vs Bandhan Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Flexi Cap Fund, August 2026; Bandhan Multi Asset Allocation Fund, August 2026
Holdings in common
- Overlap
- 46.1%
- Held by both
- 67
- Only in Bandhan Flexi Cap
- 11
- Only in Bandhan Multi Asset Allocation
- 71
| Security | % of Bandhan Flexi Cap | % of Bandhan Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 8.50% | 4.20% |
| Reliance Industries Limited | 5.27% | 3.76% |
| ICICI Bank Limited | 8.00% | 3.02% |
| Kotak Mahindra Bank Limited | 3.85% | 2.33% |
| Axis Bank Limited | 3.90% | 2.25% |
| Maruti Suzuki India Limited | 2.89% | 2.10% |
| Bharti Airtel Limited | 3.50% | 1.80% |
| Larsen & Toubro Limited | 1.89% | 1.47% |
| Bajaj Finserv Limited | 2.42% | 1.24% |
| Infosys Limited | 3.47% | 1.21% |
| ITC Limited | 2.89% | 1.03% |
| Tata Consultancy Services Limited | 2.71% | 0.96% |
| Sterlite Technologies Limited | 1.20% | 0.83% |
| Cipla Limited | 1.36% | 0.82% |
| Cholamandalam Financial Holdings Limited | 1.42% | 0.81% |
| NTPC Limited | 1.09% | 0.75% |
| Hero MotoCorp Limited | 1.23% | 0.73% |
| Eternal Limited | 1.97% | 0.72% |
| Coal India Limited | 1.28% | 0.70% |
| Titan Company Limited | 1.43% | 0.68% |
| Poonawalla Fincorp Limited | 1.00% | 0.68% |
| Info Edge (India) Limited | 0.68% | 0.67% |
| ICICI Lombard General Insurance Company Limited | 1.15% | 0.63% |
| ICICI Prudential Life Insurance Company Limited | 1.21% | 0.62% |
| Hyundai Motor India Ltd | 1.17% | 0.59% |
| HDFC Life Insurance Company Limited | 1.70% | 0.58% |
| Life Insurance Corporation Of India | 1.17% | 0.56% |
| Emami Limited | 0.95% | 0.53% |
| V-Mart Retail Limited | 1.34% | 0.50% |
| Shree Cement Limited | 1.05% | 0.50% |
| Sun Pharmaceutical Industries Limited | 1.06% | 0.45% |
| Varun Beverages Limited | 1.09% | 0.43% |
| Dr. Reddy's Laboratories Limited | 0.46% | 0.42% |
| Jindal Steel Limited | 0.79% | 0.41% |
| Power Grid Corporation of India Limited | 0.70% | 0.36% |
| Swiggy Limited | 0.36% | 0.53% |
| Havells India Limited | 0.66% | 0.33% |
| Vedanta Aluminium Metal Limited | 0.81% | 0.32% |
| Bayer Cropscience Limited | 0.67% | 0.32% |
| Syngene International Limited | 0.67% | 0.32% |
| Petronet LNG Limited | 0.60% | 0.32% |
| Dalmia Bharat Limited | 0.70% | 0.31% |
| Cera Sanitaryware Limited | 0.61% | 0.31% |
| Mas Financial Services Limited | 0.26% | 0.33% |
| Oil & Natural Gas Corporation Limited | 1.54% | 0.25% |
| The Great Eastern Shipping Company Limited | 0.45% | 0.24% |
| KEC International Limited | 0.44% | 0.24% |
| JK Lakshmi Cement Limited | 0.64% | 0.23% |
| Rainbow Childrens Medicare Limited | 0.58% | 0.23% |
| Atul Limited | 0.51% | 0.23% |
| Mahanagar Gas Limited | 0.48% | 0.23% |
| Lupin Limited | 0.26% | 0.23% |
| Tata Chemicals Limited | 0.51% | 0.22% |
| Mahindra & Mahindra Limited | 0.22% | 0.86% |
| Sanofi India Limited | 0.22% | 0.21% |
| Vinati Organics Limited | 0.23% | 0.20% |
| Trent Limited | 0.69% | 0.19% |
| Motherson Sumi Wiring India Limited | 0.41% | 0.16% |
| Muthoot Finance Limited | 0.20% | 0.16% |
| Greenpanel Industries Limited | 0.33% | 0.15% |
| Brigade Enterprises Limited | 0.11% | 0.35% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.08% | 0.57% |
| Finolex Industries Limited | 0.08% | 0.37% |
| Crompton Greaves Consumer Electricals Limited | 0.08% | 0.13% |
| SBI Life Insurance Company Limited | 1.28% | 0.07% |
| DLF Limited | 0.18% | 0.05% |
| Blue Star Limited | 0.23% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.1% means 46.1% 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 Flexi Cap Fund
| Security | % of fund |
|---|---|
| Hindustan Unilever Limited | 1.18% |
| 364 Days Tbill (MD 04/02/2027) | 0.65% |
| Vedanta Limited | 0.63% |
| LTM Limited | 0.56% |
| Apollo Hospitals Enterprise Limited | 0.47% |
Largest holdings only in Bandhan Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Gold ETF | 6.68% |
| ICICI Prudential Silver ETF | 4.46% |
| Bandhan Silver ETF | 2.27% |
| Bandhan Ultra Short to Short Term Fund-DR GR | 2.02% |
| 7.53% National Bank For Agriculture and Rural Development | 2.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Flexi Cap | Bandhan Multi Asset Allocation |
|---|---|---|
| Equity | 94.7% | 66.3% |
| Debt | 0.7% | 6.3% |
| Cash and others | 4.6% | 27.4% |
Market cap of stocks
| Market cap | Bandhan Flexi Cap | Bandhan Multi Asset Allocation |
|---|---|---|
| Large Cap | 72.0% | 39.6% |
| Mid Cap | 9.9% | 13.8% |
| Small Cap | 12.8% | 12.9% |
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 Flexi Cap | Bandhan Multi Asset Allocation |
|---|---|---|
| Banks | 24.3% | 13.5% |
| IT - Software | 6.7% | 2.2% |
| Finance | 5.3% | 6.6% |
| Insurance | 6.5% | 2.7% |
| Automobiles | 5.5% | 4.5% |
| Petroleum Products | 5.3% | 3.8% |
| Retailing | 5.0% | 3.4% |
| Pharmaceuticals & Biotechnology | 3.7% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Flexi Cap vs Bandhan Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Flexi Cap Fund | Bandhan Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 0.84% |
| Base expense ratio (Direct) | 0.96% | 0.44% |
| Total expense ratio (Regular) | 2.20% | 2.16% |
| Base expense ratio (Regular) | 1.54% | 1.57% |
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 Flexi Cap with
Compare Bandhan Multi Asset Allocation with
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- Bandhan Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Bandhan Flexi Cap Fund vs Bandhan Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Bandhan Flexi Cap Fund and Bandhan Multi Asset Allocation Fund?
Bandhan Flexi Cap Fund is a Flexi Cap fund, Bandhan Multi Asset Allocation Fund is a Multi Asset fund, run by Bandhan Mutual Fund. Their portfolios overlap 46.1%. Bandhan Flexi Cap Fund charges 1.52% a year and Bandhan Multi Asset Allocation Fund 0.84%.
Which has given higher returns, Bandhan Flexi Cap Fund or Bandhan Multi Asset Allocation Fund?
Over 1 year: Bandhan Flexi Cap Fund −5.58%, Bandhan Multi Asset Allocation Fund +5.01%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Flexi Cap Fund or Bandhan Multi Asset Allocation Fund?
Bandhan Multi Asset Allocation Fund charges less: 0.84% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Flexi Cap Fund and Bandhan Multi Asset Allocation Fund overlap?
46.1%. They hold 67 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Flexi Cap Fund or Bandhan Multi Asset Allocation Fund?
On SEBI's riskometer, Bandhan Flexi Cap Fund is rated Very High and Bandhan Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 12.99% and 10.55% a year.
Can I invest in both Bandhan Flexi Cap Fund and Bandhan Multi Asset Allocation Fund?
Yes. 46.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Flexi Cap Fund and Bandhan Multi Asset Allocation Fund?
Bandhan Flexi Cap Fund: Manish Gunwani, Viraj Kulkarni. Bandhan Multi Asset Allocation Fund: Viraj Kulkarni, Daylynn Pinto, Kapil Kankonkar, Gautam Kaul, Brijesh Shah, Ritika Behera, Gaurav Satra.
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.