Bandhan Multi Asset Allocation Fund
Bandhan Multi Asset is tilted defensively toward banking and financials while maintaining meaningful commodity hedges through gold and silver ETFs, signaling conviction in a stable-rate environment. The manager has pruned growth-oriented cyclicals like aviation and auto while adding smallcap quality plays in defense and industrials, suggesting a rotation toward resilience over momentum. Rising cash allocation indicates caution, with the fund preparing for tactical opportunities rather than chasing current market rallies.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹14.6160 | — | — | — | — |
| Regular Growth | ₹14.1143 | +2.37% | +18.26% | — | — |
| Direct IDCW | ₹13.7095 | — | — | — | — |
| Regular IDCW | ₹13.2386 | — | — | — | — |
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 |
|---|---|
| KPIT Technologies Limited | 0.29% |
| Bharat Electronics Limited | 0.29% |
| Hindustan Aeronautics Limited | 0.12% |
| Vinati Organics Limited | 0.08% |
| ^^Talwandi Sabo Power Limited | 0.08% |
| ^^Vedanta Aluminium Metal Limited | 0.08% |
| ^^Malco Energy Limited | 0.08% |
| ^^Vedanta Iron And Steel Limited | 0.08% |
| 7.75% Small Industries Dev Bank of India ** | 0.15% |
| Triparty Repo TRP_040526 | 4.11% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | iShares V PLC - iShares MSCI ACWI UCITS ETF | 7.75% |
| 2 | ICICI Prudential Gold ETF INF109KC1NT3 | 5.73% |
| 3 | Reliance Industries Limited INE002A01018 | 4.87% |
| 4 | HDFC Bank Limited INE040A01034 | 4.45% |
| 5 | Triparty Repo TRP_040526 | 4.11% |
| 6 | 364 Days Tbill (MD 06/08/2026) IN002025Z195 | 3.04% |
| 7 | ICICI Prudential Silver ETF INF109KC1Y56 | 3.01% |
| 8 | ICICI Bank Limited INE090A01021 | 2.93% |
| 9 | Bandhan Silver ETF INF194KB1KI9 | 2.67% |
| 10 | Axis Bank Limited INE238A01034 | 2.34% |
| 11 | 7.53% National Bank For Agriculture and Rural Development INE261F08EM1 | 2.31% |
| 12 | Kotak Mahindra Bank Limited INE237A01036 | 2.11% |
| 13 | Larsen & Toubro Limited INE018A01030 | 1.69% |
| 14 | Bharti Airtel Limited INE397D01024 | 1.59% |
| 15 | 7.48% Indian Railway Finance Corporation Limited ** INE053F07BU3 | 1.54% |
| 16 | NMDC Limited INE584A01023 | 1.50% |
| 17 | Bajaj Finance Limited INE296A01032 | 1.36% |
| 18 | Sterlite Technologies Limited INE089C01029 | 1.23% |
| 19 | Maruti Suzuki India Limited INE585B01010 | 1.11% |
| 20 | NTPC Limited INE733E01010 | 1.06% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Multi Asset Allocation Fund hold?
Bandhan Multi Asset Allocation Fund holds 146 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.84% of NAV.
What is the largest holding in Bandhan Multi Asset Allocation Fund?
The largest position in Bandhan Multi Asset Allocation Fund is iShares V PLC - iShares MSCI ACWI UCITS ETF, accounting for 7.75% of NAV.
Is Bandhan Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.570, Bandhan Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 22,073 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.84% of the portfolio.
What is the market cap allocation of Bandhan Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Bandhan Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 36.55%, Mid Cap: 14.66%, Small Cap: 13.71%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Multi Asset Allocation Fund invest in most?
Bandhan Multi Asset Allocation Fund has the highest allocation to Banks (14.12%), Finance (6.19%), Petroleum Products (4.88%). The fund is invested across 42 sectors in total.
How actively managed is Bandhan Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Bandhan Multi Asset Allocation Fund has an Active Share of 56.04%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Bandhan Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Multi Asset Allocation Fund added 10 new stocks (including KPIT Technologies Limited) and exited 12 stocks (including InterGlobe Aviation Limited). Total holding count decreased from 150 to 148 stocks.