Bandhan Multi Asset Allocation Fund
Bandhan Mutual Fund·Multi Asset Allocation·vs Nifty 200 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹14.5258 | — | — | — | — | — | — |
| Regular Growth | ₹14.0277 | +3.67% | +1.04% | +6.35% | +18.47% | — | — |
| Direct IDCW | ₹13.6249 | — | — | — | — | — | — |
| Regular IDCW | ₹13.1574 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
146
Top 5 Weight
25.84%
Top 10 Weight
39.10%
Active Share
—
Large Cap
36.55%
Gini
0.570
What Changed2026-03-31 → 2026-04-30
Holdings: 150 → 148+10 added−12 removed37 weight shifts ≥ 0.1%
| 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
Banks14.1%
Finance6.2%
Petroleum Products4.9%
Pharmaceuticals & Biotechnology4.3%
SOVEREIGN3.5%
Consumer Durables3.2%
Automobiles3.0%
Retailing2.9%
IT - Software2.8%
CRISIL AAA2.5%
Top 10 sectors by % to NAV. Excludes derivatives.