Bandhan Equity Savings Fund
The fund has meaningfully tilted toward sovereign and AAA-rated debt while maintaining a two-thirds equity allocation, signaling a defensive posture amid market volatility. The manager exited discretionary plays like tech and retail, replacing them with government securities and infrastructure financials, reflecting reduced appetite for cyclical risk. This shift from growth equities to safer government bonds and banking stocks suggests conviction that near-term returns will come from preserving capital rather than taking leverage.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹35.6420 | +0.18% | — | — | — |
| Regular Growth | ₹31.8670 | +0.11% | +3.18% | +7.01% | +6.63% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| 6.68% GOI (MD 07/07/2040) | 2.42% |
| 7.7% REC Limited ** | 1.29% |
| Triparty Repo TRP_040526 | 1.11% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bandhan Money Market Fund -Direct Plan-Growth INF194K01M80 | 7.15% |
| 2 | HDFC Bank Limited INE040A01034 | 4.34% |
| 3 | Multi Commodity Exchange of India Limited INE745G01043 | 4.10% |
| 4 | Axis Bank Limited INE238A01034 | 3.97% |
| 5 | 7.37% Indian Railway Finance Corporation Limited ** INE053F08411 | 3.84% |
| 6 | Reliance Industries Limited INE002A01018 | 3.78% |
| 7 | Kotak Mahindra Bank Limited INE237A01036 | 3.66% |
| 8 | Larsen & Toubro Limited INE018A01030 | 3.27% |
| 9 | Maruti Suzuki India Limited INE585B01010 | 3.07% |
| 10 | ITC Limited INE154A01025 | 2.69% |
| 11 | 7.48% National Bank For Agriculture and Rural Development INE261F08EO7 | 2.56% |
| 12 | Pidilite Industries Limited INE318A01026 | 2.55% |
| 13 | 6.54% GOI (MD 17/01/2032) IN0020210244 | 2.52% |
| 14 | State Bank of India INE062A01020 | 2.45% |
| 15 | 6.68% GOI (MD 07/07/2040) IN0020250042 | 2.42% |
| 16 | Bharti Airtel Limited INE397D01024 | 2.30% |
| 17 | Nestle India Limited INE239A01024 | 1.93% |
| 18 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.81% |
| 19 | Grasim Industries Limited INE047A01021 | 1.67% |
| 20 | 8.43% Uttar Pradesh SDL (MD 06/03/2029) IN3320180174 | 1.33% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Equity Savings Fund hold?
Bandhan Equity Savings Fund holds 65 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.40% of NAV.
What is the largest holding in Bandhan Equity Savings Fund?
The largest position in Bandhan Equity Savings Fund is Bandhan Money Market Fund -Direct Plan-Growth, accounting for 7.15% of NAV.
Is Bandhan Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.432, Bandhan Equity Savings Fund is well-diversified. The HHI concentration index is 25,736 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.40% of the portfolio.
What is the market cap allocation of Bandhan Equity Savings Fund?
Based on SEBI's AMFI classification, Bandhan Equity Savings Fund's equity portfolio is split as: Large Cap: 56.15%, Mid Cap: 2.92%, Small Cap: 0.00%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Equity Savings Fund invest in most?
Bandhan Equity Savings Fund has the highest allocation to Banks (16.93%), CRISIL AAA (12.81%), SOVEREIGN (11.15%). The fund is invested across 29 sectors in total.
How actively managed is Bandhan Equity Savings Fund compared to other Equity Savings funds?
Bandhan Equity Savings Fund has an Active Share of 63.54%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in Bandhan Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Equity Savings Fund added 3 new stocks (including 6.68% GOI (MD 07/07/2040)) and exited 6 stocks (including Jindal Steel Limited). Total holding count decreased from 70 to 67 stocks.