Bandhan Flexi Cap Fund
The fund maintains a pronounced banking tilt with nearly a quarter of assets concentrated in this sector, betting on continued financial sector strength and domestic growth momentum. The manager's recent activity signals tactical repositioning toward defensive quality—rotating out of discretionary plays like aviation and auto while adding insurance and tech stocks, suggesting caution about consumer spending resilience. The modest cash buffer and steady monthly return of 1.8% reflect a measured but conviction-driven approach to navigate uncertain market conditions.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹224.0490 | -0.36% | — | — | — |
| Regular Growth | ₹203.7050 | -0.42% | -0.79% | +13.92% | +12.63% |
| Direct IDCW | ₹49.9630 | -0.36% | — | — | — |
| Regular IDCW | ₹45.5920 | -0.42% | — | — | — |
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 |
|---|---|
| SBI Life Insurance Company Limited | 0.62% |
| Jubilant Foodworks Limited | 0.26% |
| Coforge Limited | 0.26% |
| KPIT Technologies Limited | 0.21% |
| Dixon Technologies (India) Limited | 0.15% |
| Vinati Organics Limited | 0.10% |
| Hexaware Technologies Limited | 0.03% |
| ^^Talwandi Sabo Power Limited | 0.17% |
| ^^Vedanta Aluminium Metal Limited | 0.17% |
| ^^Malco Energy Limited | 0.17% |
| ^^Vedanta Iron And Steel Limited | 0.17% |
| Triparty Repo TRP_040526 | 3.57% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 8.16% |
| 2 | ICICI Bank Limited INE090A01021 | 7.02% |
| 3 | Reliance Industries Limited INE002A01018 | 4.71% |
| 4 | Triparty Repo TRP_040526 | 3.57% |
| 5 | Kotak Mahindra Bank Limited INE237A01036 | 3.52% |
| 6 | Axis Bank Limited INE238A01034 | 3.44% |
| 7 | Infosys Limited INE009A01021 | 3.24% |
| 8 | ITC Limited INE154A01025 | 3.13% |
| 9 | Tata Consultancy Services Limited INE467B01029 | 2.78% |
| 10 | Bharti Airtel Limited INE397D01024 | 2.72% |
| 11 | Bajaj Finserv Limited INE918I01026 | 2.21% |
| 12 | Larsen & Toubro Limited INE018A01030 | 2.15% |
| 13 | Maruti Suzuki India Limited INE585B01010 | 2.10% |
| 14 | Eternal Limited INE758T01015 | 1.90% |
| 15 | HDFC Life Insurance Company Limited INE795G01014 | 1.89% |
| 16 | Titan Company Limited INE280A01028 | 1.66% |
| 17 | State Bank of India INE062A01020 | 1.66% |
| 18 | Apollo Hospitals Enterprise Limited INE437A01024 | 1.62% |
| 19 | Coal India Limited INE522F01014 | 1.59% |
| 20 | Cholamandalam Financial Holdings Limited INE149A01033 | 1.50% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Flexi Cap Fund hold?
Bandhan Flexi Cap Fund holds 88 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.85% of NAV.
What is the largest holding in Bandhan Flexi Cap Fund?
The largest position in Bandhan Flexi Cap Fund is HDFC Bank Limited, accounting for 8.16% of NAV in the Banks sector.
Is Bandhan Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.526, Bandhan Flexi Cap Fund is moderately concentrated. The HHI concentration index is 26,195 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.85% of the portfolio.
What is the market cap allocation of Bandhan Flexi Cap Fund?
Based on SEBI's AMFI classification, Bandhan Flexi Cap Fund's equity portfolio is split as: Large Cap: 65.82%, Mid Cap: 10.68%, Small Cap: 14.48%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Flexi Cap Fund invest in most?
Bandhan Flexi Cap Fund has the highest allocation to Banks (24.08%), IT - Software (6.52%), Finance (6.35%). The fund is invested across 32 sectors in total.
How actively managed is Bandhan Flexi Cap Fund compared to other Flexi Cap Fund funds?
Bandhan Flexi Cap Fund has an Active Share of 57.14%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Bandhan Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Flexi Cap Fund added 12 new stocks (including SBI Life Insurance Company Limited) and exited 19 stocks (including InterGlobe Aviation Limited). Total holding count decreased from 97 to 90 stocks.