Bandhan Multi Factor Fund
Direct · GrowthAI Summary
Bandhan Multi Factor Fund has delivered a 1Y SIP XIRR of -0.38%, sharply underperforming the category average SIP XIRR of 14.1% over the same period. On a lump-sum basis, the fund's 1Y CAGR of 1.52% beat the NIFTY 50's -2.9%, generating a positive alpha of 3.17%. However, over longer horizons the alpha turns negative, with 5Y alpha at -0.26% and 15Y alpha at -0.65%, indicating benchmark outperformance has not been sustained.
The fund exhibits a beta of 0.87 against the NIFTY 50, with downside capture of 85.63% versus upside capture of 90.58%, meaning it falls less than the market but also participates less in rallies. Its maximum drawdown of just -0.13% over 40 days and a Calmar ratio of 0.28 suggest recent volatility has been well contained. The single drawdown event exceeding 10% noted in the data warrants attention, as thematic funds can experience deeper corrections in adverse market phases.
No individual holdings or sector allocation data was provided for this fund, so portfolio-level concentration cannot be assessed from the available information. As a multi-factor strategy within the sectoral/thematic category, the fund's diversification profile should be verified directly from its latest factsheet before investing. Investors should review current sector tilts, as thematic exposure can drive significant return dispersion versus diversified peers.
The fund trails its category meaningfully on SIP returns, with a 1Y XIRR of -0.38% versus the category average of 14.1%, a gap of roughly 14.5 percentage points. Its lump-sum performance versus the NIFTY 50 shows modest 1Y outperformance (1.52% vs -2.9%) but eroding alpha over 5Y and beyond. This mixed record suggests inconsistent competitive positioning relative to both peers and the broad market over long horizons.
This fund suits investors with a high risk tolerance and a horizon of at least 5-7 years, given its thematic classification and weak recent SIP returns. It should be treated as a satellite allocation rather than a core holding, ideally sized at a small percentage of the equity portfolio. Investors seeking steady category-beating SIP returns may find better options among diversified peers, given the current performance gap.
- Positive 1Y alpha of 3.17% versus the NIFTY 50, with fund CAGR of 1.52% against the benchmark's -2.9%
- Defensive capture profile, with downside capture of 85.63% below upside capture of 90.58%, cushioning market falls
- Low recent volatility, with a maximum drawdown of only -0.13% and a Calmar ratio of 0.28 over 1Y
- 1Y SIP XIRR of -0.38% trails the category average of 14.1% by a wide margin of roughly 14.5 percentage points
- Alpha turns negative over longer horizons, from -0.26% at 5Y to -0.65% at 15Y, indicating weak long-term benchmark outperformance
- Limited upside participation (90.58% capture) means the fund may lag in strong bull markets despite its defensive tilt
Generated on 05-09-2026, 3:03 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 | ₹11.94 L | -0.4% | -3.3% | 4.0% |
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 | -0.4% | 14.4% | 14.1% | -14.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 3.6% | 3.5% | 1.5% | 5.0% | -3.04 | -0.95 | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.17 | 0.87 | 90.6% | 85.6% | 1.5% | -2.9% |
| 3 Years | +0.12 | 0.87 | 90.8% | 86.2% | 0.3% | -0.8% |
| 5 Years | -0.26 | 0.87 | 90.8% | 86.2% | 0.2% | -0.5% |
| 7 Years | -0.42 | 0.87 | 90.8% | 86.2% | 0.1% | -0.3% |
| 10 Years | -0.55 | 0.87 | 90.8% | 86.2% | 0.1% | -0.2% |
| 12 Years | -0.60 | 0.87 | 90.8% | 86.2% | 0.1% | -0.2% |
| 15 Years | -0.65 | 0.87 | 90.8% | 86.2% | 0.1% | -0.1% |