Bandhan Multi Cap Fund vs Bandhan Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Multi Cap Fund is a Multi Cap fund and Bandhan Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Bandhan Multi Cap Fund (Direct) returned 12.0% a year and Bandhan Value Fund (Direct) returned 10.3% a year. Bandhan Multi Cap Fund charges 0.95% a year and Bandhan Value Fund 0.95% (Direct plans). Their portfolios overlap 64.7%: they hold 55 of the same securities.
Bandhan Multi Cap Fund
Multi Cap
- 3 year return
- 12.0%
- Expense ratio
- 0.95%
- NAV
- ₹17.74
Bandhan Value Fund
Value and Contra
- 3 year return
- 10.3%
- Expense ratio
- 0.95%
- NAV
- ₹162.25
Which is better, Bandhan Multi Cap or Bandhan Value? 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 10.3%.
- Bandhan Multi Cap returned more over 1 year: −4.8% against −5.6%.
- Bandhan Value swung less over 3 years: a standard deviation of 12.9% a year against 13.6%.
- Bandhan Multi Cap fell less in its worst fall since 03-12-2021: −18.3% against −18.6%.
- Bandhan Value holds more in large companies: 59.8% of the fund in large caps against 43.8%.
- Bandhan Value is the larger fund: ₹9,981 Cr against ₹3,074 Cr.
- Their portfolios overlap 64.7%: 55 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 Multi Cap Fund | Bandhan Value Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Multi Cap | Value and Contra |
| AUM | ₹3,074 Cr (31-08-2026) | ₹9,981 Cr (31-08-2026) |
| NAV | ₹17.74 (Direct) | ₹162.25 (Direct) |
| Expense ratio (Direct) | 0.95% | 0.95% |
| Expense ratio (Regular) | 2.27% | 1.99% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | BSE 500 TRI |
| Launch date | 02-12-2021 | 07-03-2008 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Daylynn Pinto, Harshal Joshi | Daylynn Pinto |
| Exit load | Exit load of 1% if redeemed wtihin 1 year. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
Bandhan Multi Cap vs Bandhan Value: 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 Multi Cap Fund (Direct) | −1.86% | −6.28% | −1.26% | −4.75% | +12.01% | -- | -- |
| Bandhan Value Fund (Direct) | −0.23% | −4.28% | −1.82% | −5.59% | +10.34% | +11.62% | +14.55% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 33 Multi Cap funds and the 30 Value and Contra funds, same plan type.
Bandhan Multi Cap vs Bandhan Value: Year-wise Returns
| Year | Multi CapBandhan Multi Cap | ValueBandhan Value |
|---|---|---|
| 2026to date | −4.97% | −6.88% |
| 2025 | +6.46% | +6.16% |
| 2024 | +21.25% | +19.30% |
| 2023 | +31.66% | +34.05% |
| 2022 | +8.66% | +4.30% |
| 2021 | -- | +66.24% |
Bandhan Multi Cap vs Bandhan Value: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Bandhan Multi Cap 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 Multi Cap Fund (Direct)
Bandhan Value Fund (Direct)
Nifty500 Multicap 50:25:25 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 Multi Cap | 0.0 | 0.0 | 0.0 | 13.2 | 62.7 | 21.0 | 3.1 | 18.3% | 18.4% | 11.0% | 26.4% | 80% |
| Bandhan Value | 0.0 | 0.0 | 4.6 | 20.5 | 59.1 | 15.1 | 0.6 | 17.1% | 17.9% | 9.0% | 25.5% | 42% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 19.1 | 66.7 | 13.2 | 1.0 | 17.5% | 17.7% | 10.1% | 25.5% | -- |
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 Nifty500 Multicap 50:25:25 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 Multi Cap vs Bandhan Value: 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 03-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Multi CapBandhan Multi Cap Fund (Direct) | ₹5,90,000 | ₹7,54,643 | ₹1,64,643 | 10.0% |
| Bandhan ValueBandhan Value Fund (Direct) | ₹5,90,000 | ₹7,31,012 | ₹1,41,012 | 8.7% |
Bandhan Multi CapBandhan Multi Cap Fund (Direct)
Bandhan ValueBandhan Value 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 Multi Cap vs Bandhan Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Multi Cap Fund (Direct) | Bandhan Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.75% | −5.59% |
| Standard deviation | 13.79% | 12.62% |
| Sharpe ratio | -0.72 | -0.86 |
| Sortino ratio | -0.97 | -1.16 |
| Maximum drawdown | −14.6% (30-03-2026) | −13.9% (31-03-2026) |
| Beta | 0.90 | 0.86 |
| Alpha | +0.19% | +0.29% |
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 Multi Cap Fund (Direct) | Bandhan Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.01% | +10.34% |
| Standard deviation | 13.57% | 12.89% |
| Sharpe ratio | 0.44 | 0.34 |
| Sortino ratio | 0.60 | 0.46 |
| Maximum drawdown | −18.3% (03-03-2025) | −17.9% (04-03-2025) |
| Beta | 0.88 | 0.89 |
| Alpha | +1.38% | +0.88% |
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 Multi Cap Fund (Direct) | Bandhan Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.37% | +15.54% |
| Standard deviation | 13.20% | 15.87% |
| Sharpe ratio | 0.49 | 0.60 |
| Sortino ratio | 0.67 | 0.80 |
| Maximum drawdown | −18.3% (03-03-2025) | −51.9% (24-03-2020) |
| Beta | 0.85 | 0.91 |
| Alpha | +2.26% | +3.30% |
From daily NAVs, 03-12-2021 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.
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 Multi Cap Fund (Direct)
Bandhan Value Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Multi Cap Fund (Direct) | −18.3% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −7.7% |
| Bandhan Value Fund (Direct) | −18.6% | 14-01-2022 | 20-06-2022 | 29-11-2022 | 5 months | −9.7% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
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 Multi Cap Fund (Direct)
Bandhan Value Fund (Direct)
Nifty500 Multicap 50:25:25 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 Multi Cap Fund (Direct)
Bandhan Value Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Multi Cap Fund (Direct) | 93% | 81% | 2.89% |
| Bandhan Value Fund (Direct) | 86% | 77% | 4.00% |
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 Multi Cap vs Bandhan Value: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Multi Cap Fund, August 2026; Bandhan Value Fund, August 2026
Holdings in common
- Overlap
- 64.7%
- Held by both
- 55
- Only in Bandhan Multi Cap
- 53
- Only in Bandhan Value
- 7
| Security | % of Bandhan Multi Cap | % of Bandhan Value |
|---|---|---|
| HDFC Bank Limited | 5.88% | 7.81% |
| Kotak Mahindra Bank Limited | 3.96% | 6.30% |
| Reliance Industries Limited | 3.95% | 6.40% |
| ICICI Bank Limited | 3.31% | 4.37% |
| Tata Consultancy Services Limited | 2.73% | 4.09% |
| Axis Bank Limited | 2.11% | 3.52% |
| Infosys Limited | 2.03% | 3.52% |
| Maruti Suzuki India Limited | 1.85% | 2.46% |
| Mahindra & Mahindra Financial Services Limited | 1.82% | 2.06% |
| ICICI Lombard General Insurance Company Limited | 1.53% | 1.88% |
| V-Mart Retail Limited | 1.52% | 1.69% |
| Larsen & Toubro Limited | 1.51% | 2.23% |
| Poonawalla Fincorp Limited | 1.51% | 1.67% |
| Sterlite Technologies Limited | 1.48% | 1.61% |
| Bharti Airtel Limited | 1.47% | 2.18% |
| ITC Limited | 1.41% | 2.18% |
| IDFC First Bank Limited | 1.40% | 1.89% |
| HDFC Life Insurance Company Limited | 1.24% | 2.06% |
| Avenue Supermarts Limited | 1.14% | 1.17% |
| Dr. Reddy's Laboratories Limited | 1.13% | 1.85% |
| Aurobindo Pharma Limited | 1.12% | 1.72% |
| AWL Agri Business Limited | 1.06% | 1.10% |
| Bajaj Finserv Limited | 0.99% | 1.42% |
| Hindustan Unilever Limited | 0.96% | 1.48% |
| Life Insurance Corporation Of India | 0.95% | 1.21% |
| Hero MotoCorp Limited | 0.89% | 1.23% |
| Jindal Steel Limited | 0.89% | 1.91% |
| Emami Limited | 0.86% | 0.91% |
| United Spirits Limited | 0.82% | 1.33% |
| The Ramco Cements Limited | 0.77% | 0.88% |
| Mas Financial Services Limited | 0.84% | 0.76% |
| Info Edge (India) Limited | 0.75% | 0.92% |
| NTPC Limited | 0.75% | 0.98% |
| United Breweries Limited | 0.74% | 0.87% |
| Engineers India Limited | 0.70% | 0.71% |
| Petronet LNG Limited | 0.81% | 0.69% |
| Bayer Cropscience Limited | 0.84% | 0.68% |
| Crompton Greaves Consumer Electricals Limited | 0.65% | 0.95% |
| Jubilant Foodworks Limited | 0.65% | 0.60% |
| Finolex Industries Limited | 0.77% | 0.58% |
| Dabur India Limited | 0.93% | 0.53% |
| Exide Industries Limited | 0.72% | 0.53% |
| Dalmia Bharat Limited | 0.51% | 0.70% |
| Styrenix Performance Materials Limited | 0.78% | 0.47% |
| Cipla Limited | 0.46% | 1.27% |
| Oil & Natural Gas Corporation Limited | 0.45% | 2.09% |
| Aptus Value Housing Finance India Limited | 0.58% | 0.42% |
| KEC International Limited | 0.41% | 0.46% |
| Syngene International Limited | 0.36% | 0.40% |
| Graphite India Limited | 1.03% | 0.28% |
| Vedanta Aluminium Metal Limited | 0.28% | 0.39% |
| Sobha Limited | 0.27% | 0.59% |
| Bharat Heavy Electricals Limited | 0.29% | 0.22% |
| Rallis India Limited | 0.47% | 0.16% |
| Whirlpool of India Limited | 0.52% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 64.7% means 64.7% 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 Multi Cap Fund
| Security | % of fund |
|---|---|
| GlaxoSmithKline Pharmaceuticals Limited | 1.19% |
| Oil India Limited | 1.10% |
| Eternal Limited | 1.07% |
| Honeywell Automation India Limited | 1.04% |
| MRF Limited | 0.96% |
Largest holdings only in Bandhan Value Fund
| Security | % of fund |
|---|---|
| VRL Logistics Limited | 0.65% |
| Bosch Limited | 0.60% |
| GAIL (India) Limited | 0.53% |
| Greenpanel Industries Limited | 0.49% |
| 364 Days Tbill (MD 04/02/2027) | 0.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Multi Cap | Bandhan Value |
|---|---|---|
| Equity | 96.0% | 93.4% |
| Debt | 0.0% | 0.5% |
| Cash and others | 4.0% | 6.1% |
Market cap of stocks
| Market cap | Bandhan Multi Cap | Bandhan Value |
|---|---|---|
| Large Cap | 43.8% | 59.8% |
| Mid Cap | 26.2% | 17.9% |
| Small Cap | 26.1% | 15.7% |
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 Multi Cap | Bandhan Value |
|---|---|---|
| Banks | 18.0% | 23.9% |
| IT - Software | 5.0% | 7.6% |
| Pharmaceuticals & Biotechnology | 7.5% | 4.8% |
| Finance | 6.5% | 6.3% |
| Petroleum Products | 4.0% | 6.4% |
| Retailing | 6.0% | 3.8% |
| Insurance | 5.2% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Multi Cap vs Bandhan Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Multi Cap Fund | Bandhan Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.95% | 0.95% |
| Base expense ratio (Direct) | 0.54% | 0.62% |
| Total expense ratio (Regular) | 2.27% | 1.99% |
| Base expense ratio (Regular) | 1.68% | 1.51% |
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 Multi Cap with
Bandhan Multi Cap Fund vs Bandhan Value Fund: Frequently Asked Questions
What is the difference between Bandhan Multi Cap Fund and Bandhan Value Fund?
Bandhan Multi Cap Fund is a Multi Cap fund, Bandhan Value Fund is a Value and Contra fund, run by Bandhan Mutual Fund. Their portfolios overlap 64.7%. Bandhan Multi Cap Fund charges 0.95% a year and Bandhan Value Fund 0.95%.
Which has given higher returns, Bandhan Multi Cap Fund or Bandhan Value Fund?
Over 1 year: Bandhan Multi Cap Fund −4.75%, Bandhan Value Fund −5.59%. Over 3 years: Bandhan Multi Cap Fund +12.01% a year, Bandhan Value Fund +10.34% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Multi Cap Fund or Bandhan Value Fund?
Both charge 0.95% a year.
How much do Bandhan Multi Cap Fund and Bandhan Value Fund overlap?
64.7%. They hold 55 of the same securities, the largest shared ones being HDFCBANK, KOTAKBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Multi Cap Fund or Bandhan Value Fund?
On SEBI's riskometer, Bandhan Multi Cap Fund is rated Very High and Bandhan Value Fund Very High. Over 3 years, the standard deviation of daily returns was 13.57% and 12.89% a year.
Which is better for SIP, Bandhan Multi Cap Fund or Bandhan Value Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,88,753 in Bandhan Multi Cap Fund (XIRR 3.2% a year) and ₹3,79,226 in Bandhan Value Fund (XIRR 1.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Multi Cap Fund and Bandhan Value Fund?
Yes. 64.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Multi Cap Fund and Bandhan Value Fund?
Bandhan Multi Cap Fund: Daylynn Pinto, Harshal Joshi. Bandhan Value Fund: Daylynn Pinto.
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.