Bandhan Flexi Cap Fund

Bandhan Flexi Cap Fund has delivered consistent outperformance versus the NIFTY 50 across all periods, with positive alpha ranging from 1.18% (10Y) to 5.53% (3Y). Its SIP XIRR of 13.47% over 3Y and 12.77% over 5Y trails the category average SIP XIRR of 14.89% and 15.64% respectively, indicating underperformance versus flexi cap peers despite beating the benchmark. Lump-sum returns are solid, with a 12Y rolling mean of 15.04% versus a benchmark CAGR of 9.79% over the same period.

The fund shows defensive characteristics, with downside capture consistently below upside capture (e.g., 80.67% vs 85.29% over 12Y), meaning it loses less in falling markets than it gains in rising ones. Beta has declined from 0.9464 (1Y) to 0.82 (15Y), reflecting reduced market sensitivity over time. Nine drawdown events exceeding 10% have occurred, and the maximum drawdown recovery took 256 days, which investors should factor into expectations during corrections.

Detailed holdings and sector allocation data were not provided in this dataset, so specific concentration and diversification observations cannot be made. As a flexi cap fund, it has the mandate to invest across large, mid, and small caps, which typically provides market-cap diversification. Investors should review the latest factsheet for current top holdings and sector weights.

While the fund beats its benchmark across all horizons, it lags the category average SIP XIRR in every period — for example, 13.47% vs 14.89% (3Y) and 13.32% vs 16.09% (10Y). This suggests benchmark-beating but peer-lagging performance within the flexi cap category. Its long 12-15 year track record of positive alpha does indicate consistency in relative performance against the NIFTY 50.

This fund suits investors seeking a core flexi cap allocation with a long-term horizon of at least 5-7 years, given its demonstrated alpha over extended periods. Its lower downside capture makes it relatively suitable for moderate risk tolerance investors who want benchmark-plus returns with somewhat cushioned drawdowns. However, those prioritizing top-quartile category performance may want to compare against higher SIP XIRR peers before committing.

• Consistent positive alpha versus NIFTY 50 across all periods, peaking at 5.53% over 3Y
• Favorable downside capture (80.67% over 12Y vs 85.29% upside capture), indicating loss protection in weak markets
• Long 15-year track record with a 12.33% CAGR versus 9.72% for the benchmark

• SIP XIRR trails the category average in every period, including 13.47% vs 14.89% over 3Y and 13.32% vs 16.09% over 10Y
• Nine drawdown events exceeding 10% and a 256-day recovery from maximum drawdown highlight meaningful downside episodes