Bandhan Innovation Fund vs Bandhan Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Innovation Fund is a Thematic fund and Bandhan Large Cap Fund is a Large Cap fund. In the year to 30-10-2026, Bandhan Innovation Fund (Direct) returned 9.9% and Bandhan Large Cap Fund (Direct) returned −5.3%. Bandhan Innovation Fund charges 0.90% a year and Bandhan Large Cap Fund 1.08% (Direct plans). Their portfolios overlap 43.0%: they hold 43 of the same securities.
Bandhan Innovation Fund
Thematic
- 1 year return
- 9.9%
- Expense ratio
- 0.90%
- NAV
- ₹15.39
Bandhan Large Cap Fund
Large Cap
- 1 year return
- −5.3%
- Expense ratio
- 1.08%
- NAV
- ₹87.69
Which is better, Bandhan Innovation or Bandhan Large 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 Innovation returned more over 1 year: 9.9% against −5.3%.
- Bandhan Innovation costs less: 0.90% a year against 1.08% (Direct plans).
- Bandhan Large Cap fell less in its worst fall since 02-05-2024: −17.9% against −19.7%.
- Bandhan Large Cap holds more in large companies: 80.4% of the fund in large caps against 34.6%.
- Bandhan Innovation is the larger fund: ₹2,957 Cr against ₹2,180 Cr.
- Their portfolios overlap 43.0%: 43 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 Innovation Fund | Bandhan Large Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Thematic | Large Cap |
| AUM | ₹2,957 Cr (31-08-2026) | ₹2,180 Cr (31-08-2026) |
| NAV | ₹15.39 (Direct) | ₹87.69 (Direct) |
| Expense ratio (Direct) | 0.90% | 1.08% |
| Expense ratio (Regular) | 2.26% | 2.21% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 100 TRI |
| Launch date | 30-04-2024 | 09-06-2006 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Brijesh Shah, Prateek Poddar | Manish Gunwani, Prateek Poddar, Ritika Behera, Gaurav Satra |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Entry Load: Nil. Exit Load (w.e.f 25-Jun-2021) If redeemed / Switched Out within 365 days from the date of allotment - Up to 10% of Investment Nil & For remaining Investment: 1.00%. If redeemed / switched out after 365 days from the date of allotment: Nil. |
Bandhan Innovation vs Bandhan Large 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 Innovation Fund (Direct) | −2.35% | +0.59% | +12.58% | +9.94% | -- | -- | -- |
| Bandhan Large Cap Fund (Direct) | +0.98% | −3.88% | +0.23% | −5.34% | +13.03% | +9.52% | +12.74% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 235 Thematic funds and the 35 Large Cap funds, same plan type.
Bandhan Innovation vs Bandhan Large Cap: Year-wise Returns
| Year | InnovationBandhan Innovation | Large CapBandhan Large Cap |
|---|---|---|
| 2026to date | +12.81% | −5.47% |
| 2025 | +4.81% | +9.47% |
| 2024 | -- | +20.11% |
| 2023 | -- | +28.32% |
| 2022 | -- | −1.07% |
| 2021 | -- | +28.30% |
Bandhan Innovation vs Bandhan Large Cap: 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 Innovation Fund (Direct)
Bandhan Large Cap 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 Innovation | 0.0 | 7.7 | 21.5 | 27.1 | 26.9 | 15.4 | 1.3 | 13.7% | 13.9% | 1.3% | 30.2% | 94% |
| Bandhan Large Cap | 15.7 | 36.7 | 26.9 | 16.2 | 4.5 | 0.0 | 0.0 | 5.3% | 4.7% | −7.2% | 19.3% | 98% |
| 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 Innovation vs Bandhan Large 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 02-05-2024 to 30-10-2026: 30 instalments, ₹3,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan InnovationBandhan Innovation Fund (Direct) | ₹3,00,000 | ₹3,61,895 | ₹61,895 | 15.2% |
| Bandhan Large CapBandhan Large Cap Fund (Direct) | ₹3,00,000 | ₹3,05,101 | ₹5,101 | 1.3% |
Bandhan InnovationBandhan Innovation Fund (Direct)
Bandhan Large CapBandhan Large 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 Innovation vs Bandhan Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Innovation Fund (Direct) | Bandhan Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.94% | −5.34% |
| Standard deviation | 16.51% | 14.14% |
| Sharpe ratio | 0.28 | -0.75 |
| Sortino ratio | 0.39 | -1.01 |
| Maximum drawdown | −14.3% (30-03-2026) | −14.3% (31-03-2026) |
| Beta | 1.07 | 1.01 |
| Alpha | +18.10% | +3.69% |
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 Innovation Fund (Direct) | Bandhan Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.56% | +12.45% |
| Standard deviation | 16.99% | 15.40% |
| Sharpe ratio | 0.75 | 0.42 |
| Sortino ratio | 1.02 | 0.57 |
| Maximum drawdown | −19.7% (28-02-2025) | −35.1% (23-03-2020) |
| Beta | 1.06 | 0.95 |
| Alpha | +16.17% | +0.66% |
From daily NAVs, 02-05-2024 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 Innovation Fund (Direct)
Bandhan Large Cap 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 Innovation Fund (Direct) | −19.7% | 02-01-2025 | 28-02-2025 | 22-07-2025 | 5 months | −5.9% |
| Bandhan Large Cap Fund (Direct) | −17.9% | 26-09-2024 | 28-02-2025 | 27-10-2025 | 8 months | −6.5% |
| 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 Innovation Fund (Direct)
Bandhan Large Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Innovation Fund (Direct) | 157% | 85% | 8.59% |
| Bandhan Large Cap Fund (Direct) | 105% | 90% | 3.14% |
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 Innovation vs Bandhan Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Innovation Fund, August 2026; Bandhan Large Cap Fund, August 2026
Holdings in common
- Overlap
- 43.0%
- Held by both
- 43
- Only in Bandhan Innovation
- 40
- Only in Bandhan Large Cap
- 26
| Security | % of Bandhan Innovation | % of Bandhan Large Cap |
|---|---|---|
| ICICI Bank Limited | 3.16% | 8.85% |
| Bajaj Finserv Limited | 3.72% | 2.92% |
| Eternal Limited | 6.43% | 2.47% |
| Mahindra & Mahindra Limited | 2.33% | 3.35% |
| Reliance Industries Limited | 2.23% | 5.81% |
| One 97 Communications Limited | 5.02% | 1.71% |
| Bharat Electronics Limited | 1.70% | 1.47% |
| Coforge Limited | 2.41% | 1.25% |
| TVS Motor Company Limited | 1.13% | 1.23% |
| Meesho Ltd | 2.80% | 1.11% |
| Divi's Laboratories Limited | 1.79% | 1.10% |
| Varun Beverages Limited | 1.34% | 1.08% |
| NTPC Limited | 1.06% | 3.35% |
| Dr Agarwals Health Care Limited | 1.51% | 1.00% |
| Craftsman Automation Limited | 1.00% | 1.07% |
| Honasa Consumer Limited | 2.28% | 0.98% |
| Adani Ports and Special Economic Zone Limited | 0.94% | 0.91% |
| The Indian Hotels Company Limited | 0.89% | 1.13% |
| Poonawalla Fincorp Limited | 1.88% | 0.87% |
| HDFC Bank Limited | 0.85% | 6.96% |
| Tech Mahindra Limited | 0.90% | 0.84% |
| Vedanta Aluminium Metal Limited | 0.84% | 1.17% |
| Jubilant Ingrevia Limited | 1.79% | 0.80% |
| GE Vernova T&D India Limited | 1.51% | 0.80% |
| Trent Limited | 1.08% | 0.79% |
| Cholamandalam Investment and Finance Company Ltd | 1.17% | 0.74% |
| Infosys Limited | 0.70% | 3.93% |
| Godrej Properties Limited | 0.87% | 0.69% |
| Glenmark Pharmaceuticals Limited | 1.03% | 0.68% |
| Amber Enterprises India Limited | 1.56% | 0.62% |
| Billionbrains Garage Ventures Ltd | 1.58% | 0.61% |
| Fortis Healthcare Limited | 0.78% | 0.59% |
| AstraZeneca Pharma India Limited | 2.72% | 0.57% |
| Torrent Pharmaceuticals Limited | 0.90% | 0.56% |
| Canara HSBC Life Insurance company Ltd | 0.83% | 0.56% |
| Sona BLW Precision Forgings Limited | 0.81% | 0.56% |
| Prestige Estates Projects Limited | 1.07% | 0.50% |
| Eicher Motors Limited | 0.80% | 0.49% |
| ETHOS LTD. | 0.65% | 0.36% |
| Vedanta Power Ltd | 0.46% | 0.35% |
| KFin Technologies Limited | 0.78% | 0.34% |
| MTAR Technologies Limited | 1.66% | 0.31% |
| Tube Investments of India Limited | 0.19% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.0% means 43.0% 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 Innovation Fund
| Security | % of fund |
|---|---|
| Sterlite Technologies Limited | 2.00% |
| E2E Networks Limited | 1.70% |
| Info Edge (India) Limited | 1.37% |
| Tilaknagar Industries Limited | 1.18% |
| Saregama India Limited | 1.08% |
Largest holdings only in Bandhan Large Cap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.99% |
| Larsen & Toubro Limited | 3.28% |
| Sun Pharmaceutical Industries Limited | 2.97% |
| Bharti Airtel Limited | 2.79% |
| Axis Bank Limited | 2.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Innovation | Bandhan Large Cap |
|---|---|---|
| Equity | 99.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 0.1% |
Market cap of stocks
| Market cap | Bandhan Innovation | Bandhan Large Cap |
|---|---|---|
| Large Cap | 34.6% | 80.4% |
| Mid Cap | 23.6% | 11.2% |
| Small Cap | 37.4% | 7.8% |
| Not on AMFI's list | 3.4% | 0.6% |
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 Innovation | Bandhan Large Cap |
|---|---|---|
| Banks | 4.0% | 24.6% |
| Retailing | 12.2% | 4.9% |
| Pharmaceuticals & Biotechnology | 9.3% | 5.9% |
| Finance | 6.8% | 5.8% |
| IT - Software | 4.0% | 6.7% |
| Automobiles | 4.9% | 6.5% |
| Petroleum Products | 2.2% | 5.8% |
| Financial Technology (Fintech) | 5.0% | 1.7% |
| Consumer Durables | 4.9% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Innovation vs Bandhan Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Innovation Fund | Bandhan Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 1.08% |
| Base expense ratio (Direct) | 0.49% | 0.77% |
| Total expense ratio (Regular) | 2.26% | 2.21% |
| Base expense ratio (Regular) | 1.67% | 1.75% |
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 Innovation with
Bandhan Innovation Fund vs Bandhan Large Cap Fund: Frequently Asked Questions
What is the difference between Bandhan Innovation Fund and Bandhan Large Cap Fund?
Bandhan Innovation Fund is a Thematic fund, Bandhan Large Cap Fund is a Large Cap fund, run by Bandhan Mutual Fund. Their portfolios overlap 43.0%. Bandhan Innovation Fund charges 0.90% a year and Bandhan Large Cap Fund 1.08%.
Which has given higher returns, Bandhan Innovation Fund or Bandhan Large Cap Fund?
Over 1 year: Bandhan Innovation Fund +9.94%, Bandhan Large Cap Fund −5.34%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Innovation Fund or Bandhan Large Cap Fund?
Bandhan Innovation Fund charges less: 0.90% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Innovation Fund and Bandhan Large Cap Fund overlap?
43.0%. They hold 43 of the same securities, the largest shared ones being ICICIBANK, BAJAJFINSV, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Innovation Fund or Bandhan Large Cap Fund?
On SEBI's riskometer, Bandhan Innovation Fund is rated Very High and Bandhan Large Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.51% and 14.14% a year.
Can I invest in both Bandhan Innovation Fund and Bandhan Large Cap Fund?
Yes. 43.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Innovation Fund and Bandhan Large Cap Fund?
Bandhan Innovation Fund: Manish Gunwani, Brijesh Shah, Prateek Poddar. Bandhan Large Cap Fund: Manish Gunwani, Prateek Poddar, 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.