Sectoral / Thematic · Equity

Bandhan Innovation Fund

Bandhan AMC Limited

Benchmark

Nifty 500 TRI

Riskometer

Very High

Size

₹3,187 cr

Allotted

30 Apr 2024

Holdings as of

30 Sep 2026

Bandhan Innovation Fund is a sectoral / thematic fund of Bandhan AMC Limited with ₹3,187 cr under management. It is ahead of its benchmark (Nifty 500 TRI) in 1 of 1 periods. Its direct plan charges 0.88% a year. Brijesh Shah has managed it for 2.5 years.

Has Bandhan Innovation Fund beaten its benchmark?

Ahead of its benchmark, Nifty 500 TRI, in 1 of 1 periods in AMFI's figures; +15.61% over the last year against −4.30%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−2.88%	−3.60%	—
3 months	+2.99%	−5.03%	—
6 months	+16.96%	−1.83%	—
1 year	+15.47%	−4.06%	+19.53 pts
3 years	—	+9.27%	—
5 years	—	+8.00%	—
10 years	—	+12.69%	—
Since start from 2 May 2024	+20.04%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (Nifty 500 TRI) in 1 of 1 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+15.61%	+13.97%	−4.30%	+19.91	🔒
3y	—	—	—	—	—
5y	—	—	—	—	—
10y	—	—	—	—	—

Ahead in points a year · its rank among Sectoral / Thematic funds, and how steady the lead is, in the app

Value of 100, month-end

May 2024 to 14 Oct 2026

Fund 156Nifty 500 TRI 107

₹100 put in at the start of May 2024 would be ₹156 on 14 Oct 2026, against ₹107 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Bandhan Innovation Fund cost?

0.88% a year on the direct plan, 2.25% on the regular plan; 7 of 61 funds in its category charge less.

Direct plan

0.88% a year

Category median 1.09%

Regular plan

2.25% a year

Category median 2.40%

Gap

1.37 points

for the same holdings

7 of 61 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Schemes - Thematic Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Bandhan Innovation Fund?

Manish Gunwani, since None; Prateek, since None; Poddar, since 7 Jun 2024.

Manish Gunwani

None years

since None

Prateek

None years

since None

Poddar

2.4 years

since 7 Jun 2024

And 1 more; every manager, the other funds each runs and the changes over time are in the app.

Benchmark as filedNifty 500 TRI

Exit load

If redeemed/switched out within 30 days from the date of allotment: 0.50% of the applicable NAV If redeemed/switched out after 30 days from date of allotment – Nil

From 6 Scheme Summary Documents filed with NSE, first on 7 May 2026; as on 7 Oct 2026

What does Bandhan Innovation Fund hold?

93 holdings as of 30 Sep 2026; the ten largest are 30.6% of the fund, the largest Eternal Limited at 5.7%.

Mix

Holdings as of 30 Sep 2026

Equity98.5%Debt0.0%Cash0.9%Other0.0%

Holdings

87 shares

Top ten

30.6%

of the fund

Effective holdings

53.2

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

Eternal Limited5.67%

One 97 Communications Limited4.80%

Bajaj Finserv Limited3.46%

ICICI Bank Limited2.90%

Meesho Ltd2.80%

Five largest industries

% of fund

Retailing11.8%

Pharmaceuticals & Biotechnology9.20%

Finance6.60%

Financial Technology (Fintech)5.30%

Electrical Equipment5.00%

By company size

% of equity · SEBI size lists

Large Cap33.7%Mid Cap23.0%Small Cap43.4%

How does Bandhan Innovation Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Bandhan Innovation Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 500: 80% of it differs from the index (an active fund is usually above 60%).

Active share 79.5%60%

Funds that hold much the same

% of holdings in common

Bandhan Aggressive Hybrid Fund49.5% the same

53 shared holdings

Bandhan Large Cap Fund42.0% the same

44 shared holdings

Bandhan Contra Fund40.1% the same

40 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Bandhan Innovation Fund?

Manish Gunwani (manager) since None; Prateek (manager) since None; Poddar (manager) since 7 Jun 2024; Brijesh Shah (manager) since 30 Apr 2024.

What is the expense ratio of Bandhan Innovation Fund?

0.88% a year on the direct plan and 2.25% on the regular plan (expense report, Oct 2026).