HealthyDirect · GrowthFit for a long SIP
BANDHAN INNOVATION FUND
Bandhan Mutual FundEquity Schemes - Thematic Fund2.5 years
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
- NAV
- 15.509
- 29 Oct 2026
- 1Y
- +10.7%
- Trailing CAGR
- Upside capture
- +157%
- Vs NIFTY 500 TRI
- Downside capture
- +84%
- Lower is better
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
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Fail
2.5 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.88% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -19.7%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Pass
Gaurav Satra · 2.4 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 ≈ 30.7% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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 20%. 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
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
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+10.7%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+19.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+20.4%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +19.0%
- Calendar-day CAGR
- Excess 1Y
- +15.2%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +18.3%
- Fund minus TRI
- 3Y excess
- n/a
- Fund minus TRI
- Upside capture
- +157%
- Benchmark-up months
- Downside capture
- +84%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -19.7%
- Worst peak-to-trough
- Current
- -5.2%
- Below last peak
- Current spell
- 36 days
- Days below latest peak
- Time below peak
- +82%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 41 recovered episodes
- Longest recovery
- 144 days
- Trough to prior peak
2 Jan 2025 – 22 Jul 2025
Trough 28 Feb 2025 · recovered in 144 days
-19.7%
29 Oct 2025 – 6 May 2026
Trough 30 Mar 2026 · recovered in 37 days
-14.4%
23 Sept 2026 – open
Trough 23 Oct 2026 · not recovered
-8.7%
1 Oct 2024 – 11 Dec 2024
Trough 13 Nov 2024 · recovered in 28 days
-8.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
46
Vs category
100
Consistency
100
Risk-adjusted
63
Drawdown
51
Mean
72
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 91 holdings · top 10 are 30.7%.
- Top 5
- 19.6%
- Top 10
- 30.7%
- Largest holding
- 5.7%
- Effective holdings
- 53.6
Zomato Ltd
Technology
5.7%
One 97 Communications Ltd
Industrials
4.8%
Bajaj Finserv Ltd
Financial
3.5%
ICICI Bank Ltd
Financial
2.9%
Meesho Ltd.
Consumer Discretionary
2.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -8.9%
- 3Y
- +13.5%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.56
- 3Y win
- +91%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
DSP Business Cycle Fund
DSP Mutual Fund
- 1Y
- -4.0%
- 3Y
- n/a
- Vol
- 13.7%
- Max DD
- -14.8%
- Sharpe
- -0.35
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
HSBC India Export Opportunities Fund
HSBC Mutual Fund
- 1Y
- +13.7%
- 3Y
- n/a
- Vol
- 16.1%
- Max DD
- -20.5%
- Sharpe
- 0.17
- 3Y win
- n/a
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- -3.8%
- 3Y
- +16.3%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.58
- 3Y win
- +100%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Nippon India Active Momentum Fund
Nippon India Mutual Fund
- 1Y
- +1.6%
- 3Y
- n/a
- Vol
- 15.2%
- Max DD
- -12.6%
- Sharpe
- 0.53
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns