HealthyDirect · GrowthFit for a long SIP
Bandhan Medium Term Fund
Bandhan Mutual FundIncome/Debt Oriented Schemes - Medium Term Fund13.8 years
The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium term such that the Macaulay duration of the portfolio is between 3 years and 4 years.
- NAV
- 53.3733
- 26 Oct 2026
- 1Y
- +5.2%
- Trailing CAGR
- AUM
- ₹1,244.08 Cr
- 30 Sept 2026
- Volatility
- Low
- 2.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 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 · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.66% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
29% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Brijesh Shah · 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
Watch
Top 10 holdings ≈ 61.9% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+5.2%
- 3Y+7.5%
- 5Y+6.0%
- 10Y+6.8%
- SI+7.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.4%
- 3Y+6.6%
- 5Y+6.7%
- 10Y+6.6%
- Since inception
- +7.5%
- Calendar-day CAGR
- Excess 1Y
- +0.2%
- Category median, same plan and option
- 3Y win rate
- +29%
- Windows beating the median
- 3Y percentile
- 55
- Vs comparable share classes
- SIP 3Y XIRR
- +6.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.8%
- 2611 daily-ending windows
- Median rolling 3Y
- +7.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2128 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.6%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 7 days
- Days below latest peak
- Time below peak
- +57%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 342 recovered episodes
- Longest recovery
- 189 days
- Trough to prior peak
19 Jun 2013 – 8 Oct 2013
Trough 19 Aug 2013 · recovered in 50 days
-3.6%
30 Mar 2022 – 11 Nov 2022
Trough 6 May 2022 · recovered in 189 days
-3.2%
9 Mar 2020 – 17 Apr 2020
Trough 23 Mar 2020 · recovered in 25 days
-2.6%
5 Jan 2021 – 6 May 2021
Trough 9 Mar 2021 · recovered in 58 days
-2.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
55
Vs category
52
Consistency
27
Risk-adjusted
67
Drawdown
91
Mean
58
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
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 38 holdings · top 10 are 61.9%.
- Top 5
- 41.5%
- Top 10
- 61.9%
- Largest holding
- 11.1%
- Effective holdings
- 19.6
Reverse Repo
Unspecified
11.1%
TATA CAPITAL HOUSING FINANCE LIMITED SR A FY22-23 7.75 NCD 18MY27 FVRS10LAC
Financial
8.4%
BAJAJ HOUSING FINANCE LIMITED 8.04 NCD 18JN27 FVRS1LAC
Financial
8.1%
HDFC Bank Ltd (18-Jan-2027) **
Financial
7.9%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25E 7.53 BD 24MR28 FVRS1LAC
Financial
6.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HDFC Medium Term Fund
HDFC Mutual Fund
- 1Y
- +5.3%
- 3Y
- +7.7%
- Vol
- 1.7%
- Max DD
- -3.5%
- Sharpe
- 1.24
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
HSBC Medium Term Fund
HSBC Mutual Fund
- 1Y
- +4.1%
- 3Y
- +7.5%
- Vol
- 1.2%
- Max DD
- -1.0%
- Sharpe
- 1.22
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
ICICI Prudential Medium Term Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.5%
- 3Y
- +8.1%
- Vol
- 1.9%
- Max DD
- -5.1%
- Sharpe
- 1.30
- 3Y win
- +80%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Nippon India Medium Term Fund (Existing Number of Segregated Portfolios - 1)
Nippon India Mutual Fund
- 1Y
- +4.9%
- 3Y
- +8.2%
- Vol
- 8.7%
- Max DD
- -29.8%
- Sharpe
- -0.02
- 3Y win
- +48%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Medium Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +7.3%
- 3Y
- +10.3%
- Vol
- 5.7%
- Max DD
- -12.6%
- Sharpe
- 0.68
- 3Y win
- +67%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER