Funds/Dynamic Asset Allocation Fund/Bandhan Balanced Advantage Fund

Bandhan Balanced Advantage Fund

Bandhan Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50

Bandhan Balanced Advantage has shifted decisively toward equities at 67%, betting on sustained market strength while anchoring downside with quality government bonds. The manager is rotating away from IT and defensive sectors like energy, pivoting instead toward banks, financials, and consumption plays—signaling conviction in domestic economic resilience and credit growth. The aggressive reduction in cash and near-term liquidity suggests confidence in near-term market direction, though concentration in top-10 holdings at 32% warrants monitoring for volatility.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹24.2980	+0.73%	-1.45%	-2.26%	+2.39%	+9.48%	+8.19%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

132

Top 5 Weight

17.86%

Top 10 Weight

31.78%

Active Share

—

Large Cap

44.83%

Gini

0.532

What Changed2026-03-31 → 2026-04-30

Holdings: 124 → 134+21 added−11 removed34 weight shifts ≥ 0.1%

Stock	Sector	Weight
Adani Ports and Special Economic Zone Limited	Transport Infrastructure	0.51%
Jio Financial Services Limited	Finance	0.46%
Britannia Industries Limited	Food Products	0.29%
Indus Towers Limited	Telecom - Services	0.14%
Union Bank of India	Banks	0.11%
Grasim Industries Limited	Cement & Cement Products	0.10%
ICICI Prudential Life Insurance Company Limited	Insurance	0.07%
Hindustan Zinc Limited	Non - Ferrous Metals	0.07%
Orchid Pharma Limited	Pharmaceuticals & Biotechnology	0.01%
^^Talwandi Sabo Power Limited	Power	0.14%
^^Vedanta Aluminium Metal Limited	Non - Ferrous Metals	0.14%
^^Malco Energy Limited	Oil	0.14%
^^Vedanta Iron And Steel Limited	Ferrous Metals	0.14%
6.9% GOI (MD 15/04/2065)	SOVEREIGN	1.03%
7.9% HDFC Bank Limited **	CRISIL AAA	0.45%
Punjab National Bank	CARE A1+	2.21%
Indian Bank **	CRISIL A1+	0.68%
Union Bank of India **	FITCH A1+	0.44%
Punjab National Bank	CRISIL A1+	0.43%
Sundaram Finance Limited **	CRISIL A1+	2.14%
Triparty Repo TRP_040526		2.21%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	4.38%
2	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	3.43%
3	91 Days Tbill (MD 14/05/2026) IN002025X455	SOVEREIGN	DEBT	3.39%
4	6.68% GOI (MD 07/07/2040) IN0020250042	SOVEREIGN	DEBT	3.37%
5	Bajaj Finance Limited INE296A01032	Finance	EQUITY	3.29%
6	HDFC Bank Limited INE040A01034	Banks	EQUITY	3.17%
7	ICICI Bank Limited INE090A01021	Banks	EQUITY	3.16%
8	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	3.08%
9	Larsen & Toubro Limited INE018A01030	Construction	EQUITY	2.30%
10	Triparty Repo TRP_040526		CASH_EQUIVALENT	2.21%
11	Canara Bank ** INE476A16I18	ICRA A1+	DEBT	2.21%
12	Punjab National Bank INE160A16UT0	CARE A1+	DEBT	2.21%
13	HDFC Bank Limited ** INE040A16HU9	CARE A1+	DEBT	2.18%
14	Bank of Baroda ** INE028A16KO1	CARE A1+	DEBT	2.17%
15	Small Industries Dev Bank of India ** INE556F16CC2	CRISIL A1+	DEBT	2.14%
16	Sundaram Finance Limited ** INE660A14YX8	CRISIL A1+	DEBT	2.14%
17	Axis Bank Limited INE238A01034	Banks	EQUITY	1.92%
18	State Bank of India INE062A01020	Banks	EQUITY	1.65%
19	Kotak Mahindra Bank Limited INE237A01036	Banks	EQUITY	1.65%
20	Varun Beverages Limited INE200M01039	Beverages	EQUITY	1.43%

Sector Allocation

Banks13.8%

SOVEREIGN9.9%

CRISIL A1+8.6%

CARE A1+6.6%

Finance5.8%

Petroleum Products4.4%

Automobiles3.8%

Telecom - Services3.6%

Pharmaceuticals & Biotechnology3.6%

IT - Software3.3%

Top 10 sectors by % to NAV. Excludes derivatives.