Bandhan Flexi Cap Fund
Direct · GrowthAI Summary
Bandhan Flexi Cap Fund has delivered consistent alpha over the NIFTY 50 across all periods, with lump-sum CAGR beating the benchmark by 4.78% over 1Y, 4.78% over 3Y, and 4.03% over 5Y. Its SIP XIRR of 14.36% over 3Y and 13.94% over 5Y trails the category average SIP XIRR of 14.9% and 16.14% respectively, indicating underperformance versus peers despite benchmark outperformance. Long-term XIRR remains respectable at 13.25% over 10Y and 13.09% over 12Y, though it lags category averages of 15.99% and 15.2%.
The fund shows a favorable downside profile with downside capture consistently below 100% (86.95% over 1Y, 80.92% over 12Y), meaning it loses less than the benchmark in falling markets. Beta of 0.85-0.93 across periods confirms lower volatility than the NIFTY 50, and positive alpha at every horizon (5.12% over 1Y, 2.40% over 12Y) reflects genuine risk-adjusted outperformance. The trade-off is upside capture of 83-95%, so the fund participates less in strong rallies, and Calmar ratios of 0.34-0.46 suggest moderate risk-adjusted efficiency.
Portfolio composition data such as top holdings and sector allocation was not provided in this dataset. As a flexi cap fund, it has the mandate to invest across large, mid, and small caps, and its beta below 1 versus the NIFTY 50 suggests a meaningful allocation to large caps or defensive positioning. Investors should review the latest factsheet for current holdings and sector concentration before investing.
Against category peers, the fund underperforms on SIP XIRR at every horizon — 14.36% vs 14.9% over 3Y, 13.94% vs 16.14% over 5Y, and 13.25% vs 15.99% over 10Y. However, its calendar year record shows resilience, with only four negative years in the last fourteen (2018: -8.09%, 2022: -1.95%, 2016: -2.28%, 2026: -6.64%) and strong up years like 2014 (60.38%) and 2017 (37.85%). The consistent benchmark alpha suggests quality stock selection even if peer-relative SIP returns lag.
This fund suits investors seeking benchmark-beating returns with lower downside risk, ideally with a horizon of 5-7 years or more to allow the alpha to compound. It is appropriate for moderate risk tolerance investors who value downside protection — evidenced by downside capture near 81-87% — over maximum upside participation. SIP investors should note that category peers have delivered better SIP XIRR historically, so it may be better suited as a core holding paired with other aggressive funds rather than a standalone pick.
- Consistent positive alpha versus NIFTY 50 across all periods, from 5.12% over 1Y to 3.20% over 15Y
- Superior downside protection with downside capture of 80.92% over 12Y and 77.97% over 15Y, cushioning losses in weak markets
- Low beta of 0.82-0.93 across horizons, offering lower volatility than the benchmark with a 15Y lump-sum CAGR of 11.93% vs the benchmark's 9.22%
- SIP XIRR trails the category average at every horizon — 13.94% vs 16.14% over 5Y and 13.25% vs 15.99% over 10Y — indicating weaker peer-relative SIP performance
- Upside capture of 83-95% means the fund lags the benchmark in strong rallies, which could disappoint investors in bull phases like 2023's 25.2% return
Generated on 10-10-2026, 3:06 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.67 L | 17.5% | -54.8% | 94.3% |
| 3 Years | ₹36.00 L | ₹44.24 L | 13.3% | -21.7% | 30.6% |
| 5 Years | ₹60.00 L | ₹83.65 L | 12.7% | -9.4% | 25.0% |
| 7 Years | ₹84.00 L | ₹1.32 Cr | 12.7% | -0.9% | 20.0% |
| 10 Years | ₹1.20 Cr | ₹2.38 Cr | 13.3% | 10.5% | 16.5% |
| 12 Years | ₹1.44 Cr | ₹3.37 Cr | 13.1% | 10.7% | 15.3% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.5% | 14.3% | 9.6% | +3.2% |
| 3 Years | 13.3% | 11.0% | 14.8% | +2.3% |
| 5 Years | 12.7% | 10.4% | 16.1% | +2.3% |
| 7 Years | 12.7% | 10.6% | 15.5% | +2.1% |
| 10 Years | 13.3% | 11.4% | 16.0% | +1.8% |
| 12 Years | 13.1% | 11.3% | 15.2% | +1.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.7% | 11.2% | -29.9% | 79.6% | 0.49 | 1.65 | 81% | — | — |
| 3 Years | 14.0% | 14.5% | -6.6% | 32.6% | 1.09 | 3.56 | 95% | — | — |
| 5 Years | 13.2% | 12.6% | -2.1% | 25.1% | 1.25 | 6.23 | 100% | — | — |
| 10 Years | 13.4% | 13.1% | 9.9% | 17.1% | 3.81 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.64 | 0.92 | 94.3% | 86.2% | -2.4% | -9.2% |
| 3 Years | +4.63 | 0.93 | 94.8% | 88.4% | 10.0% | 5.2% |
| 5 Years | +3.53 | 0.92 | 92.3% | 87.4% | 8.2% | 4.5% |
| 7 Years | +2.85 | 0.86 | 87.2% | 83.5% | 12.8% | 10.5% |
| 10 Years | +0.94 | 0.86 | 85.8% | 83.5% | 10.8% | 10.4% |
| 12 Years | +2.51 | 0.85 | 84.9% | 80.9% | 11.6% | 9.5% |
| 15 Years | +3.23 | 0.82 | 83.3% | 78.0% | 12.1% | 9.4% |