MonitorDirect · GrowthWatch before adding
BANDHAN Balanced Advantage Fund
Bandhan Mutual FundHybrid Scheme - Dynamic Asset Allocation or Balanced Advantage12 years
The scheme seeks to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives.
- NAV
- 28.99
- 29 Oct 2026
- 1Y
- +0.6%
- Trailing CAGR
- AUM
- ₹2,234.66 Cr
- 30 Sept 2026
- Volatility
- Medium
- 8.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer DSP Dynamic Asset Allocation Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
12.0 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.07% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -25.9%. Ask whether you can hold through a similar fall.
Vs category
Fail
19% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Vishal Biraia · 1.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 41.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 26%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.6%
- 3Y+9.5%
- 5Y+7.7%
- 10Y+9.7%
- SI+9.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.6%
- 3Y+5.3%
- 5Y+8.1%
- 10Y+9.5%
- Since inception
- +9.2%
- Calendar-day CAGR
- Excess 1Y
- +3.6%
- Category median, same plan and option
- 3Y win rate
- +19%
- Windows beating the median
- 3Y percentile
- 65
- Vs comparable share classes
- SIP 3Y XIRR
- +5.3%
- Simulated monthly SIP
- Worst rolling 3Y
- -0.2%
- 2237 daily-ending windows
- Median rolling 3Y
- +10.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1748 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -25.9%
- Worst peak-to-trough
- Current
- -3.3%
- Below last peak
- Current spell
- 80 days
- Days below latest peak
- Time below peak
- +82%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 197 recovered episodes
- Longest recovery
- 167 days
- Trough to prior peak
20 Feb 2020 – 6 Aug 2020
Trough 23 Mar 2020 · recovered in 136 days
-25.9%
17 Jan 2022 – 1 Dec 2022
Trough 17 Jun 2022 · recovered in 167 days
-11.7%
2 Jan 2026 – 22 Jun 2026
Trough 30 Mar 2026 · recovered in 84 days
-8.3%
16 Dec 2024 – 5 Jun 2025
Trough 28 Feb 2025 · recovered in 97 days
-8.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
65
Vs category
72
Consistency
27
Risk-adjusted
45
Drawdown
35
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Three-year return is above the category median.
Portfolio
30 Sept 2026 · 143 holdings · top 10 are 41.2%.
- Top 5
- 27.8%
- Top 10
- 41.2%
- Largest holding
- 12.2%
- Effective holdings
- 32.0
Net Receivables
Unspecified
12.2%
Axis Bank Limited (26/02/2027) **
Financial
4.4%
ICICI Bank Ltd
Financial
4.0%
Reliance Industries Ltd
Energy & Utilities
3.7%
Bharti Airtel Ltd
Technology
3.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
DSP Dynamic Asset Allocation Fund
DSP Mutual Fund
- 1Y
- +0.1%
- 3Y
- +10.2%
- Vol
- 7.0%
- Max DD
- -19.3%
- Sharpe
- 0.55
- 3Y win
- +32%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Edelweiss Balanced Advantage Fund
Edelweiss Mutual Fund
- 1Y
- +0.0%
- 3Y
- +10.6%
- Vol
- 9.0%
- Max DD
- -16.2%
- Sharpe
- 0.67
- 3Y win
- +77%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Franklin India Balanced Advantage Fund
Franklin Templeton Mutual Fund
- 1Y
- -4.2%
- 3Y
- +9.1%
- Vol
- 6.9%
- Max DD
- -8.1%
- Sharpe
- 0.58
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Parag Parikh Dynamic Asset Allocation Fund
PPFAS Mutual Fund
- 1Y
- +0.8%
- 3Y
- n/a
- Vol
- 2.8%
- Max DD
- -2.7%
- Sharpe
- 0.00
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
SBI Balanced Advantage Fund
SBI Mutual Fund
- 1Y
- -3.4%
- 3Y
- +9.4%
- Vol
- 6.4%
- Max DD
- -7.4%
- Sharpe
- 0.54
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns