HealthyDirect · GrowthFit for a long SIP
Bandhan Money Market Fund
Bandhan Mutual FundDebt Scheme - Money Market Fund13.8 years
The scheme aims to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
- NAV
- 47.5285
- 29 Oct 2026
- 1Y
- +6.5%
- Trailing CAGR
- AUM
- ₹13,128.61 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.6% 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
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
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
0.11% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.3%. Ask whether you can hold through a similar fall.
Vs category
Fail
37% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Gautam Kaul · 4.9 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 ≈ 30.9% 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+6.5%
- 3Y+7.3%
- 5Y+6.7%
- 10Y+6.5%
- SI+7.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.6%
- 3Y+7.1%
- 5Y+7.1%
- 10Y+6.5%
- Since inception
- +7.2%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +37%
- Windows beating the median
- 3Y percentile
- 92
- Vs comparable share classes
- SIP 3Y XIRR
- +7.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.6%
- 2614 daily-ending windows
- Median rolling 3Y
- +7.1%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2131 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.3%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +9%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 122 recovered episodes
- Longest recovery
- 22 days
- Trough to prior peak
11 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.3%
15 Jul 2013 – 5 Aug 2013
Trough 16 Jul 2013 · recovered in 20 days
-0.4%
2 May 2022 – 31 May 2022
Trough 13 May 2022 · recovered in 18 days
-0.2%
6 Dec 2016 – 29 Dec 2016
Trough 8 Dec 2016 · recovered in 21 days
-0.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
92
Vs category
51
Consistency
43
Risk-adjusted
100
Drawdown
97
Mean
77
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
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 101 holdings · top 10 are 30.9%.
- Top 5
- 19.1%
- Top 10
- 30.9%
- Largest holding
- 4.5%
- Effective holdings
- 51.5
HDFC Bank Limited (15/02/2027) ** #
Financial
4.5%
Reverse Repo
Unspecified
4.4%
BANK OF BARODA CD 03FEB27
Financial
4.1%
HDFC BANK LIMITED CD 24FEB27
Financial
3.5%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 28JAN27
Financial
2.6%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bank of India Money Market Fund
Bank of India Mutual Fund
- 1Y
- +6.4%
- 3Y
- n/a
- Vol
- 0.5%
- Max DD
- -0.2%
- Sharpe
- 2.18
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Nippon India Money Market Fund
Nippon India Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.9%
- Sharpe
- 1.60
- 3Y win
- +67%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
UTI - Money Market Fund
UTI Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.8%
- Sharpe
- 0.53
- 3Y win
- +56%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Franklin India Money Market Fund - Institutional Option
Franklin Templeton Asset Management (India) Private Limited
- 1Y
- +8.7%
- 3Y
- +9.0%
- Vol
- 0.5%
- Max DD
- -0.7%
- Sharpe
- 5.11
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Franklin India Money Market Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- 0.6%
- Max DD
- -1.2%
- Sharpe
- 2.50
- 3Y win
- +70%
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns