Bandhan Focused Fund
Direct · GrowthAI Summary
Bandhan Focused Fund has delivered strong alpha over the NIFTY 50 across all periods, with alpha of 8.79% over 3Y and 5.52% over 5Y, and positive Fund CAGR of 14.26% (3Y) versus the benchmark's 5.44%. However, its SIP XIRR trails the category average at most horizons — 16.45% vs 15.80% over 3Y is ahead, but 15.09% vs 15.51% over 5Y and 14.48% vs 15.70% over 10Y lag. Recent performance is soft, with calendar year returns of -3.07% in 2026 and -0.64% in 2025.
The fund exhibits defensive behavior with a beta below 1 across all periods (0.93-1.01) and downside capture consistently under 90%, meaning it loses less than the index in falling markets. Risk-adjusted returns are solid, with Calmar ratios of 0.35-0.41 across horizons and alpha persisting even over 15Y (2.30%). The maximum drawdown of -0.38% with a 32-day duration and 200-day recovery suggests recent volatility has been well contained, though 8 drawdown events exceeding 10% indicate meaningful interim losses have occurred historically.
Portfolio composition data was not provided, so specific holdings and sector allocations cannot be assessed. As a focused fund, it is mandated to hold a concentrated portfolio of up to 30 stocks, which implies higher single-stock and sector concentration than diversified multi-cap funds. Investors should review the latest factsheet to evaluate concentration risk before investing.
Against category peers, the fund's SIP XIRR of 16.45% over 3Y beats the 15.80% category average, but it underperforms over 5Y (15.09% vs 15.51%), 7Y (13.93% vs 15.06%), and 10Y (14.48% vs 15.70%). Its consistency versus the NIFTY 50 is a clear strength, with positive alpha across every measured period from 1Y to 15Y. The fund's edge is benchmark-relative outperformance rather than category leadership over long horizons.
This fund suits investors seeking concentrated, benchmark-beating equity exposure with a long time horizon of 7-10 years or more, given its demonstrated alpha persistence over extended periods. Its below-1 beta and sub-90% downside capture make it appropriate for moderate risk tolerance investors who want equity growth with somewhat cushioned drawdowns. Those prioritizing category-leading SIP returns over long horizons may find peers more compelling.
- Consistent positive alpha versus NIFTY 50 across all periods, from 7.84% over 1Y to 2.30% over 15Y
- Defensive downside capture below 90% at every horizon (as low as 88.52% over 7Y), limiting losses in weak markets
- Strong 3Y SIP XIRR of 16.45%, ahead of the category average of 15.80%, with a reasonable 0.76% expense ratio
- SIP XIRR trails the category average over 5Y, 7Y, 10Y, and 12Y horizons, indicating peers have compounded faster for long-term SIP investors
- Recent calendar year returns are negative (-0.64% in 2025 and -3.07% in 2026), and the 1Y XIRR of 10.15% lags the category's 11.15%
Generated on 27-10-2026, 2:15 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 | ₹12.73 L | 16.3% | -53.4% | 77.6% |
| 3 Years | ₹36.00 L | ₹43.86 L | 14.2% | -21.7% | 33.7% |
| 5 Years | ₹60.00 L | ₹84.91 L | 14.2% | -7.1% | 26.7% |
| 7 Years | ₹84.00 L | ₹1.37 Cr | 13.9% | -1.3% | 21.3% |
| 10 Years | ₹1.20 Cr | ₹2.55 Cr | 14.5% | 10.1% | 18.3% |
| 12 Years | ₹1.44 Cr | ₹3.60 Cr | 14.5% | 12.2% | 17.2% |
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 | 16.3% | 14.3% | 11.1% | +2.0% |
| 3 Years | 14.2% | 11.0% | 15.8% | +3.2% |
| 5 Years | 14.2% | 10.4% | 15.5% | +3.8% |
| 7 Years | 13.9% | 10.6% | 15.1% | +3.4% |
| 10 Years | 14.5% | 11.4% | 15.7% | +3.0% |
| 12 Years | 14.5% | 11.3% | 15.1% | +3.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.5% | 13.0% | -27.9% | 85.0% | 0.49 | 1.23 | 77% | — | — |
| 3 Years | 14.1% | 15.0% | -3.2% | 26.9% | 1.48 | 5.88 | 99% | — | — |
| 5 Years | 13.7% | 13.9% | -0.4% | 26.7% | 1.52 | 13.16 | 100% | — | — |
| 10 Years | 13.9% | 14.0% | 11.0% | 16.4% | 7.16 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.06 | 1.01 | 102.9% | 92.6% | -5.0% | -12.0% |
| 3 Years | +8.51 | 0.97 | 101.3% | 90.0% | 14.7% | 6.2% |
| 5 Years | +5.42 | 0.96 | 97.3% | 89.9% | 10.8% | 5.3% |
| 7 Years | +4.48 | 0.92 | 93.9% | 88.5% | 14.2% | 10.0% |
| 10 Years | +3.35 | 0.93 | 93.8% | 89.4% | 13.4% | 10.3% |
| 12 Years | +3.02 | 0.93 | 93.8% | 89.7% | 11.9% | 9.1% |
| 15 Years | +2.31 | 0.93 | 93.7% | 90.3% | 11.4% | 9.3% |