MonitorDirect · GrowthWatch before adding
BANDHAN Overnight Fund
Bandhan Mutual FundDebt Scheme - Overnight Fund7.8 years
The scheme seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
- NAV
- 1,479.7168
- 29 Oct 2026
- 1Y
- +5.3%
- Trailing CAGR
- AUM
- ₹1,213.38 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.1% 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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 57% of rolling 1-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer Bajaj Finserv Overnight Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.07% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough 0.0%. Ask whether you can hold through a similar fall.
Vs category
Watch
40% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Brijesh Shah · 7.7 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 ≈ 100.0% 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.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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+5.3%
- 3Y+6.0%
- 5Y+5.8%
- 10Yn/a
- SI+5.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.3%
- 3Y+5.7%
- 5Y+5.9%
- 10Yn/a
- Since inception
- +5.2%
- Calendar-day CAGR
- Excess 1Y
- +0.0%
- Category median, same plan and option
- 3Y win rate
- +40%
- Windows beating the median
- 3Y percentile
- 62
- Vs comparable share classes
- SIP 3Y XIRR
- +5.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.6%
- 1742 daily-ending windows
- Median rolling 3Y
- +5.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1012 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- 0.0%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- 0%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- n/a
- 0 recovered episodes
- Longest recovery
- n/a
- Trough to prior peak
No completed or open drawdown episodes in the current snapshots.
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
62
Vs category
50
Consistency
49
Risk-adjusted
0
Drawdown
100
Mean
52
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- The fund beat the category median in 57% of rolling 1-year windows.
- Three-year return is above the category median.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 9 holdings · top 10 are 100.0%.
- Top 5
- 96.9%
- Top 10
- 100.0%
- Largest holding
- 60.6%
- Effective holdings
- 2.4
Reverse Repo
Unspecified
60.6%
Repo
Unspecified
16.9%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT 90D CP 01OCT26
Financial
12.4%
CANARA BANK CD 01OCT26
Financial
4.1%
GOVERNMENT OF INDIA 37642 091 DAYS TBILL 08OT26 FV RS 100
Financial
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Overnight Fund
Bajaj Finserv Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.0%
- Max DD
- 0.0%
- Sharpe
- -45.45
- 3Y win
- +100%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BANK OF INDIA OVERNIGHT FUND
Bank of India Mutual Fund
- 1Y
- +5.5%
- 3Y
- +6.2%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -32.69
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Kotak Overnight Fund
Kotak Mahindra Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -18.25
- 3Y win
- +69%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
LIC MF Overnight Fund
LIC Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -41.49
- 3Y win
- +98%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Nippon India Overnight Fund
Nippon India Mutual Fund
- 1Y
- +5.3%
- 3Y
- +6.0%
- Vol
- 0.1%
- Max DD
- 0.0%
- Sharpe
- -27.50
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER