ReviewDirect · GrowthPrefer peers first
BANDHAN ELSS - Tax Saver Fund
Bandhan Mutual FundEquity Schemes - ELSS- Tax Saver Fund13.8 years
The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
- NAV
- 172.343
- 29 Oct 2026
- 1Y
- -5.1%
- Trailing CAGR
- AUM
- ₹6,596.36 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.6% 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
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer WhiteOak Capital ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.93% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -42.6%. Ask whether you can hold through a similar fall.
Vs category
Pass
60% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Gaurav Satra · 2.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 46.8% 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 43%. 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
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
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-5.1%
- 3Y+9.7%
- 5Y+10.0%
- 10Y+14.6%
- SI+15.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.1%
- 3Y+2.2%
- 5Y+8.6%
- 10Y+14.2%
- Since inception
- +15.9%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +60%
- Windows beating the median
- 3Y percentile
- 26
- Vs comparable share classes
- SIP 3Y XIRR
- +2.2%
- Simulated monthly SIP
- Worst rolling 3Y
- -7.3%
- 2662 daily-ending windows
- Median rolling 3Y
- +17.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2169 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -42.6%
- Worst peak-to-trough
- Current
- -7.0%
- Below last peak
- Current spell
- 763 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 164 recovered episodes
- Longest recovery
- 240 days
- Trough to prior peak
15 Jan 2018 – 18 Nov 2020
Trough 23 Mar 2020 · recovered in 240 days
-42.6%
5 Aug 2015 – 30 Aug 2016
Trough 29 Feb 2016 · recovered in 183 days
-22.3%
17 Jan 2022 – 1 Nov 2022
Trough 20 Jun 2022 · recovered in 134 days
-18.4%
26 Sept 2024 – open
Trough 4 Mar 2025 · not recovered
-17.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
26
Vs category
53
Consistency
60
Risk-adjusted
58
Drawdown
0
Mean
40
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 60% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 58 holdings · top 10 are 46.8%.
- Top 5
- 31.8%
- Top 10
- 46.8%
- Largest holding
- 8.4%
- Effective holdings
- 29.8
HDFC Bank Ltd
Financial
8.4%
Kotak Mahindra Bank Ltd
Financial
6.6%
Reliance Industries Ltd
Energy & Utilities
6.1%
ICICI Bank Ltd
Financial
5.4%
Reverse Repo
Unspecified
5.2%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
15 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.1%
- 3Y
- +15.8%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.79
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC ELSS Tax saver Fund
HSBC Mutual Fund
- 1Y
- -2.9%
- 3Y
- +15.4%
- Vol
- 15.4%
- Max DD
- -19.2%
- Sharpe
- 0.59
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Invesco India ELSS Tax Saver Fund
Invesco Mutual Fund
- 1Y
- -6.3%
- 3Y
- +11.6%
- Vol
- 15.5%
- Max DD
- -35.8%
- Sharpe
- 0.65
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
DSP ELSS Tax Saver Fund
DSP Mutual Fund
- 1Y
- -7.4%
- 3Y
- +13.0%
- Vol
- 15.8%
- Max DD
- -37.2%
- Sharpe
- 0.66
- 3Y win
- +88%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- -3.7%
- 3Y
- n/a
- Vol
- 13.1%
- Max DD
- -13.5%
- Sharpe
- 0.13
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns