Bandhan Multicap Fund
Bandhan Multi Cap Fund is heavily tilted toward financial services, with banks commanding nearly 17% of the portfolio while maintaining broad diversification across 108 holdings. The manager's recent activity—trimming IT exposure through Wipro and Mphasis exits while adding discretionary bets like Dixon Technologies and JSW Infrastructure—signals conviction in domestic consumption and infrastructure themes over traditional software exports. Near-minimal cash levels indicate aggressive positioning for equity market upside despite the concentrated top-5 weight suggesting selective stock conviction rather than index-tracking behavior.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹16.9180 | +1.94% | +1.09% | +15.25% | — |
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 |
|---|---|
| Engineers India Limited | 0.53% |
| Dixon Technologies (India) Limited | 0.39% |
| ICICI Prudential Life Insurance Company Limited | 0.36% |
| JSW Infrastructure Ltd | 0.28% |
| Natco Pharma Limited | 0.26% |
| Rallis India Limited | 0.25% |
| ^^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 | 3.58% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 4.96% |
| 2 | Reliance Industries Limited INE002A01018 | 3.95% |
| 3 | Triparty Repo TRP_040526 | 3.58% |
| 4 | Kotak Mahindra Bank Limited INE237A01036 | 3.53% |
| 5 | Sterlite Technologies Limited INE089C01029 | 2.97% |
| 6 | ICICI Bank Limited INE090A01021 | 2.42% |
| 7 | Tata Consultancy Services Limited INE467B01029 | 2.06% |
| 8 | Infosys Limited INE009A01021 | 1.85% |
| 9 | Axis Bank Limited INE238A01034 | 1.76% |
| 10 | Mahindra & Mahindra Financial Services Limited INE774D01024 | 1.67% |
| 11 | Nestle India Limited INE239A01024 | 1.65% |
| 12 | Poonawalla Fincorp Limited INE511C01022 | 1.60% |
| 13 | Larsen & Toubro Limited INE018A01030 | 1.60% |
| 14 | Aurobindo Pharma Limited INE406A01037 | 1.57% |
| 15 | ICICI Lombard General Insurance Company Limited INE765G01017 | 1.53% |
| 16 | Bharti Airtel Limited INE397D01024 | 1.51% |
| 17 | Maruti Suzuki India Limited INE585B01010 | 1.39% |
| 18 | Dr. Reddy's Laboratories Limited INE089A01031 | 1.38% |
| 19 | IDFC First Bank Limited INE092T01019 | 1.38% |
| 20 | Titan Company Limited INE280A01028 | 1.37% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Multicap Fund hold?
Bandhan Multicap Fund holds 106 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.83% of NAV.
What is the largest holding in Bandhan Multicap Fund?
The largest position in Bandhan Multicap Fund is HDFC Bank Limited, accounting for 4.96% of NAV in the Banks sector.
Is Bandhan Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.382, Bandhan Multicap Fund is well-diversified. The HHI concentration index is 15,072 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.83% of the portfolio.
What is the market cap allocation of Bandhan Multicap Fund?
Based on SEBI's AMFI classification, Bandhan Multicap Fund's equity portfolio is split as: Large Cap: 40.45%, Mid Cap: 27.02%, Small Cap: 26.19%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Multicap Fund invest in most?
Bandhan Multicap Fund has the highest allocation to Banks (16.68%), Pharmaceuticals & Biotechnology (8.41%), Finance (5.30%). The fund is invested across 38 sectors in total.
How actively managed is Bandhan Multicap Fund compared to other Multi Cap Fund funds?
Bandhan Multicap Fund has an Active Share of 65.34%, classifying it as "Active Stock Picker" among 30 Multi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Bandhan Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Multicap Fund added 11 new stocks (including Engineers India Limited) and exited 8 stocks (including Cyient Limited). Total holding count increased from 105 to 108 stocks.