HealthyDirect · GrowthFit for a long SIP
BANDHAN MULTI ASSET ALLOCATION FUND
Bandhan Mutual FundHybrid Scheme - Multi Asset Allocation2.8 years
The Scheme is to generate income and provide long term capital appreciation by investing in instruments across multiple asset classes namely Equity & Equity Related Instruments, Debt & Money Market Securities and Gold/Silver related instruments.
- NAV
- 14.085
- 31 Oct 2026
- 1Y
- +5.2%
- Trailing CAGR
- AUM
- ₹3,684.26 Cr
- 30 Sept 2026
- Volatility
- Medium
- 9.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 31 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 98% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Fail
2.8 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.83% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -10.0%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Kapil Kankonkar · 1.4 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 ≈ 53.6% 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 10%. 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+5.2%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+13.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +13.2%
- Calendar-day CAGR
- Excess 1Y
- +2.7%
- 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
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -10.0%
- Worst peak-to-trough
- Current
- -6.6%
- Below last peak
- Current spell
- 67 days
- Days below latest peak
- Time below peak
- +76%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 48 recovered episodes
- Longest recovery
- 102 days
- Trough to prior peak
29 Jan 2026 – 3 Jul 2026
Trough 23 Mar 2026 · recovered in 102 days
-10.0%
26 Sept 2024 – 16 May 2025
Trough 7 Apr 2025 · recovered in 39 days
-9.1%
25 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-6.8%
16 Jul 2024 – 20 Aug 2024
Trough 6 Aug 2024 · recovered in 14 days
-3.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
34
Vs category
67
Consistency
98
Risk-adjusted
63
Drawdown
75
Mean
67
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 98% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 139 holdings · top 10 are 53.6%.
- Top 5
- 38.3%
- Top 10
- 53.6%
- Largest holding
- 14.2%
- Effective holdings
- 22.0
Net Receivables
Unspecified
14.2%
iShares V PLC - iShares MSCI ACWI UCITS ETF USD (Acc)
Unspecified
7.3%
ICICI Prudential Gold Exchange Traded Fund IDCW
Unspecified
6.5%
Reverse Repo
Unspecified
5.9%
HDFC Bank Ltd
Financial
4.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Multi Asset Allocation Fund
Edelweiss Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.5%
- Vol
- 1.9%
- Max DD
- -1.8%
- Sharpe
- 0.80
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Kotak Multi Asset Allocation Fund
Kotak Mahindra Mutual Fund
- 1Y
- +3.7%
- 3Y
- +15.9%
- Vol
- 12.3%
- Max DD
- -13.8%
- Sharpe
- 0.76
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
SBI MULTI ASSET ALLOCATION FUND
SBI Mutual Fund
- 1Y
- +2.3%
- 3Y
- +13.7%
- Vol
- 6.6%
- Max DD
- -17.6%
- Sharpe
- 0.90
- 3Y win
- +45%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Bank of India Multi Asset Allocation Fund
Bank of India Mutual Fund
- 1Y
- +3.4%
- 3Y
- n/a
- Vol
- 9.1%
- Max DD
- -9.4%
- Sharpe
- 0.31
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Aditya Birla Sun Life Multi Asset Allocation Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.1%
- 3Y
- +15.3%
- Vol
- 9.8%
- Max DD
- -12.8%
- Sharpe
- 0.93
- 3Y win
- +60%
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown