Bandhan Multi Factor Fund

Bandhan Multi Factor Fund has delivered a 1Y SIP XIRR of -7.93%, significantly underperforming the category average SIP XIRR of 11.72% over the same period. Calendar year returns show volatility, with -15.25% in 2026 following a positive 8.14% in 2025. The negative 1Y rolling return mean of -2.16% further confirms weak recent lump-sum performance.

The fund's maximum drawdown of -17.79% over a prolonged 239-day duration, with no recovery yet recorded, indicates meaningful downside risk and an ongoing drawdown event. The negative Calmar Ratio of -0.095 for 1Y reflects poor risk-adjusted returns in the current period. Only one drawdown event exceeding 10% has occurred, but its depth and duration suggest investors should be prepared for extended recovery periods.

Detailed holdings and sector allocation data were not provided in this dataset, so specific concentration risks cannot be assessed. As a multi-factor thematic fund, it typically spreads exposure across factors such as value, momentum, and quality rather than a single style. Investors should review the latest factsheet for current top holdings and sector weights before investing.

The fund trails the thematic category meaningfully, with its 1Y XIRR of -7.93% falling nearly 20 percentage points below the category average of 11.72%. With only two calendar years of returns visible, there is insufficient history to judge long-term consistency against category averages across 3Y to 12Y horizons. Current positioning is clearly at the weaker end of its peer group.

This fund is suitable only for investors with high risk tolerance who can withstand drawdowns like the current -17.79% decline lasting over 239 days. A long time horizon of at least 5-7 years is advisable to allow factor-based thematic strategies to play out through market cycles. It should be treated as a satellite allocation rather than a core holding, given the recent underperformance versus category peers.

• Low expense ratio of 0.77% for a Direct plan, which helps limit cost drag on returns
• Multi-factor approach offers diversification across investment styles rather than dependence on a single factor
• Only one major drawdown event (>10%) recorded, suggesting drawdowns are not frequent even if the current one is deep

• 1Y SIP XIRR of -7.93% is nearly 20 percentage points below the category average of 11.72%, indicating significant underperformance
• Maximum drawdown of -17.79% over 239 days with no recovery yet, and a negative Calmar Ratio of -0.095 signaling weak risk-adjusted returns