Bandhan Retirement Fund vs HDFC Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Retirement Fund is a Solution fund and HDFC Long Term Fund is a Long Duration fund. In the 3 years to 30-10-2026, Bandhan Retirement Fund (Direct) returned 9.1% a year and HDFC Long Term Fund (Direct) returned 5.7% a year. Bandhan Retirement Fund charges 1.03% a year and HDFC Long Term Fund 0.28% (Direct plans). Their portfolios overlap 21.3%: they hold 1 of the same security.
Bandhan Retirement Fund
Solution
- 3 year return
- 9.1%
- Expense ratio
- 1.03%
- NAV
- ₹12.80
Which is better, Bandhan Retirement or HDFC Long Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Retirement returned more over 3 years: 9.1% a year against 5.7%.
- HDFC Long Term returned more over 1 year: −0.0% against −3.5%.
- HDFC Long Term costs less: 0.28% a year against 1.03% (Direct plans).
- HDFC Long Term swung less over 3 years: a standard deviation of 4.1% a year against 8.3%.
- HDFC Long Term fell less in its worst fall since 19-10-2023: −6.0% against −9.8%.
- HDFC Long Term is the larger fund: ₹2,577 Cr against ₹182 Cr.
- Their portfolios overlap 21.3%: 1 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 Retirement Fund | HDFC Long Term Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Category | Solution | Long Duration |
| AUM | ₹182 Cr (31-08-2026) | ₹2,577 Cr (30-09-2026) |
| NAV | ₹12.80 (Direct) | ₹12.28 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.28% |
| Expense ratio (Regular) | 2.62% | 0.62% |
| Riskometer | Very High | Moderately High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | NIFTY Long Duration Debt Index A-III |
| Launch date | 13-10-2023 | 20-01-2023 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Vishal Biraia, Gautam Kaul, Viraj Kulkarni, Ritika Behera, Gaurav Satra, Brijesh Shah | Amar Kalkundrikar, Gopal Agrawal |
| Exit load | Nil | Nil |
Bandhan Retirement vs HDFC Long Term: 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 Retirement Fund (Direct) | +0.47% | −3.64% | −1.17% | −3.52% | +9.08% | -- | -- |
| HDFC Long Term Fund (Direct) | −1.53% | −2.48% | +0.53% | −0.02% | +5.68% | -- | -- |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | +5.83% | -- | -- |
Category average: the average of the 11 Long Duration funds, same plan type.
Bandhan Retirement vs HDFC Long Term: Year-wise Returns
| Year | Bandhan RetirementBandhan Retirement | HDFC Long TermHDFC Long Term |
|---|---|---|
| 2026to date | −4.29% | −0.54% |
| 2025 | +8.38% | +3.41% |
| 2024 | +14.67% | +11.77% |
Bandhan Retirement vs HDFC Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 506 of them, one for each trading day from 21-10-2024 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 Retirement Fund (Direct)
HDFC Long Term Fund (Direct)
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Retirement | 7.1 | 33.8 | 41.7 | 7.7 | 4.7 | 3.8 | 1.2 | 6.9% | 6.1% | −4.5% | 25.5% |
| HDFC Long Term | 13.2 | 46.0 | 17.7 | 23.0 | 0.0 | 0.0 | 0.0 | 5.3% | 3.7% | −4.3% | 14.6% |
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. Every fund is measured over the days all of them have, from 19-10-2023. Past returns do not promise future returns.
Bandhan Retirement vs HDFC Long Term: 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 19-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan RetirementBandhan Retirement Fund (Direct) | ₹3,70,000 | ₹3,87,963 | ₹17,963 | 3.0% |
| HDFC Long TermHDFC Long Term Fund (Direct) | ₹3,70,000 | ₹3,84,538 | ₹14,538 | 2.5% |
Bandhan RetirementBandhan Retirement Fund (Direct)
HDFC Long TermHDFC Long Term 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 Retirement vs HDFC Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Retirement Fund (Direct) | HDFC Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.52% | −0.02% |
| Standard deviation | 8.91% | 4.94% |
| Sharpe ratio | -0.98 | -1.07 |
| Sortino ratio | -1.32 | -1.42 |
| Maximum drawdown | −9.8% (30-03-2026) | −4.3% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Retirement Fund (Direct) | HDFC Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.08% | +5.68% |
| Standard deviation | 8.35% | 4.13% |
| Sharpe ratio | 0.37 | -0.08 |
| Sortino ratio | 0.50 | -0.11 |
| Maximum drawdown | −9.8% (30-03-2026) | −6.0% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Retirement Fund (Direct) | HDFC Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.50% | +5.60% |
| Standard deviation | 8.34% | 4.07% |
| Sharpe ratio | 0.30 | -0.14 |
| Sortino ratio | 0.40 | -0.19 |
| Maximum drawdown | −9.8% (30-03-2026) | −6.0% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 19-10-2023 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.
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 Retirement Fund (Direct)
HDFC Long Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Retirement Fund (Direct) | −9.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −5.0% |
| HDFC Long Term Fund (Direct) | −6.0% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.9% |
From daily values since 19-10-2023, 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 Retirement Fund (Direct)
HDFC Long Term Fund (Direct)
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 Retirement Fund (Direct)
HDFC Long Term Fund (Direct)
Bandhan Retirement vs HDFC Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Retirement Fund, August 2026; HDFC Long Term Fund, September 2026
Holdings in common
- Overlap
- 21.3%
- Held by both
- 1
- Only in Bandhan Retirement
- 54
- Only in HDFC Long Term
- 10
| Security | % of Bandhan Retirement | % of HDFC Long Term |
|---|---|---|
| 7.3% GOI (MD 19/06/2053) | 21.31% | 29.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.3% means 21.3% 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 Retirement Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 5.45% |
| Reliance Industries Limited | 5.08% |
| ICICI Bank Limited | 4.80% |
| HDFC Bank Limited | 4.09% |
| Titan Company Limited | 3.91% |
Largest holdings only in HDFC Long Term Fund
| Security | % of fund |
|---|---|
| 7.09% GOI MAT 050854 | 19.40% |
| 7.36% GOI MAT 120952 | 18.69% |
| 6.9% GOI MAT 150465 | 8.44% |
| 7.34% GOI MAT 220464 | 7.82% |
| 6.99% GOI MAT 151251 | 6.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Retirement | HDFC Long Term |
|---|---|---|
| Equity | 72.1% | 0.0% |
| Debt | 21.3% | 97.3% |
| Cash and others | 6.6% | 2.7% |
Market cap of stocks
| Market cap | Bandhan Retirement | HDFC Long Term |
|---|---|---|
| Large Cap | 56.2% | -- |
| Mid Cap | 11.1% | -- |
| Small Cap | 4.8% | -- |
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 Retirement | HDFC Long Term |
|---|---|---|
| Banks | 16.7% | 0.0% |
| Telecom - Services | 5.5% | 0.0% |
| Petroleum Products | 5.1% | 0.0% |
| Consumer Durables | 4.9% | 0.0% |
| Construction | 3.8% | 0.0% |
| IT - Software | 3.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Retirement vs HDFC Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Retirement Fund | HDFC Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.28% |
| Base expense ratio (Direct) | 0.73% | 0.24% |
| Total expense ratio (Regular) | 2.62% | 0.62% |
| Base expense ratio (Regular) | 2.10% | 0.53% |
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
Bandhan Retirement Fund vs HDFC Long Term Fund: Frequently Asked Questions
What is the difference between Bandhan Retirement Fund and HDFC Long Term Fund?
Bandhan Retirement Fund is a Solution fund, HDFC Long Term Fund is a Long Duration fund, run by Bandhan Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 21.3%. Bandhan Retirement Fund charges 1.03% a year and HDFC Long Term Fund 0.28%.
Which has given higher returns, Bandhan Retirement Fund or HDFC Long Term Fund?
Over 1 year: Bandhan Retirement Fund −3.52%, HDFC Long Term Fund −0.02%. Over 3 years: Bandhan Retirement Fund +9.08% a year, HDFC Long Term Fund +5.68% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Retirement Fund or HDFC Long Term Fund?
HDFC Long Term Fund charges less: 0.28% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Retirement Fund and HDFC Long Term Fund overlap?
21.3%. They hold 1 of the same securities, the largest shared ones being 7.3% GOI (MD 19/06/2053). From each fund's latest monthly portfolio.
Which is riskier, Bandhan Retirement Fund or HDFC Long Term Fund?
On SEBI's riskometer, Bandhan Retirement Fund is rated Very High and HDFC Long Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 8.35% and 4.13% a year.
Which is better for SIP, Bandhan Retirement Fund or HDFC Long Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 19-10-2023 to 30-10-2026 grew to ₹3,87,963 in Bandhan Retirement Fund (XIRR 3.0% a year) and ₹3,84,538 in HDFC Long Term Fund (XIRR 2.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Retirement Fund and HDFC Long Term Fund?
Yes. 21.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Retirement Fund and HDFC Long Term Fund?
Bandhan Retirement Fund: Vishal Biraia, Gautam Kaul, Viraj Kulkarni, Ritika Behera, Gaurav Satra, Brijesh Shah. HDFC Long Term Fund: Amar Kalkundrikar, Gopal Agrawal.
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.