Bandhan Large and Mid Cap Fund
Direct · GrowthAI Summary
Bandhan Large and Mid Cap Fund has delivered strong SIP XIRR across horizons, with 3Y at 17.80% and 10Y at 18.36%, outperforming the category average SIP XIRR of 17.73% and 16.75% respectively. Against the NIFTY 50, the fund shows substantial alpha of 12.26% over 3Y and 10.07% over 5Y, with the 3Y fund CAGR of 19.96% nearly 12 percentage points ahead of the benchmark's 7.75%. Long-term consistency is evident, with the 15Y fund CAGR of 14.10% versus the benchmark's 9.72%.
The fund exhibits a beta below 1 across all periods (0.91-0.96) and consistently low downside capture (84.9% to 88.9%), indicating it falls less than the benchmark in weak markets. Upside capture is near or above 100% in recent periods (102.56% over 3Y), supporting favorable risk-adjusted returns. The Calmar ratio remains stable between 0.40 and 0.49 across horizons, and the fund has experienced 8 drawdown events exceeding 10%, which is typical for a large and mid cap mandate.
Portfolio composition data such as top holdings and sector allocation was not provided in this dataset, so specific concentration analysis cannot be made. As a large and mid cap fund, the mandate requires at least 35% each in large cap and mid cap stocks, which inherently drives diversification across market capitalizations. Investors should review the current factsheet for holdings-level detail before investing.
The fund beats the category average SIP XIRR in the 1Y (19.72% vs 16.54%), 7Y (17.18% vs 16.65%), 10Y (18.36% vs 16.75%), and 12Y (18.14% vs 16.49%) windows, while roughly matching the category over 3Y and 5Y. This pattern suggests stronger relative performance over longer holding periods. The consistent alpha versus NIFTY 50 across 1Y through 15Y reinforces its positioning as a durable long-term performer among peers.
This fund suits investors seeking growth through a blend of large cap stability and mid cap upside, with a recommended horizon of at least 5-7 years given mid cap exposure and the fund's demonstrated long-term outperformance. It is appropriate for investors with moderate-to-high risk tolerance who can withstand drawdowns exceeding 10%, of which there have been 8 historically. SIP investors benefit most, as the fund's SIP XIRR consistently exceeds both category averages and its lump-sum rolling returns.
- Consistent alpha versus NIFTY 50 across all measured periods, including 12.26% over 3Y and 10.07% over 5Y
- Low downside capture (84.9% to 88.9%) with beta below 1, indicating better-than-benchmark resilience in falling markets
- SIP XIRR above category averages in 1Y, 7Y, 10Y, and 12Y windows, with a competitive 0.53% expense ratio for the Direct plan
- Eight drawdown events exceeding 10% highlight meaningful interim volatility typical of mid cap exposure
- Recent calendar year returns have moderated, with 2025 at 8.26% and 2026 year-to-date at 1.71% versus 37.1% in 2023 and 29.58% in 2024
Generated on 04-09-2026, 2:52 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 | ₹12.88 L | 19.7% | -58.4% | 95.7% |
| 3 Years | ₹36.00 L | ₹47.00 L | 17.8% | -23.8% | 42.6% |
| 5 Years | ₹60.00 L | ₹91.73 L | 17.3% | -8.9% | 35.1% |
| 7 Years | ₹84.00 L | ₹1.52 Cr | 17.2% | -1.8% | 27.5% |
| 10 Years | ₹1.20 Cr | ₹3.19 Cr | 18.4% | 13.4% | 22.6% |
| 12 Years | ₹1.44 Cr | ₹4.63 Cr | 18.1% | 16.0% | 20.0% |
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 | 19.7% | 14.4% | 16.5% | +5.4% |
| 3 Years | 17.8% | 11.1% | 17.7% | +6.7% |
| 5 Years | 17.3% | 10.4% | 17.3% | +6.9% |
| 7 Years | 17.2% | 10.6% | 16.6% | +6.6% |
| 10 Years | 18.4% | 11.5% | 16.8% | +6.9% |
| 12 Years | 18.1% | 11.4% | 16.5% | +6.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.9% | 13.9% | -33.2% | 95.8% | 0.60 | 2.02 | 86% | — | — |
| 3 Years | 17.5% | 17.6% | -6.9% | 35.5% | 1.40 | 5.50 | 96% | — | — |
| 5 Years | 16.6% | 15.7% | -0.3% | 34.3% | 1.58 | 15.46 | 100% | — | — |
| 10 Years | 17.0% | 17.2% | 13.6% | 19.4% | 7.77 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +9.55 | 0.95 | 97.9% | 84.9% | 7.1% | -2.9% |
| 3 Years | +12.26 | 0.96 | 102.6% | 87.4% | 20.0% | 7.8% |
| 5 Years | +10.07 | 0.96 | 99.9% | 87.9% | 17.9% | 7.8% |
| 7 Years | +9.15 | 0.91 | 95.8% | 86.5% | 20.5% | 11.8% |
| 10 Years | +6.08 | 0.92 | 95.9% | 88.9% | 16.5% | 10.8% |
| 12 Years | +6.60 | 0.92 | 96.1% | 88.5% | 16.1% | 9.8% |
| 15 Years | +4.67 | 0.91 | 94.3% | 88.2% | 14.1% | 9.7% |