Bandhan Financial Services Fund
The fund remains heavily concentrated in financial services, with banks and non-banking finance commanding three-quarters of the portfolio—a deliberate bet on India's credit cycle expansion and sector consolidation. The manager's recent pivot toward smaller financial players like Poonawalla Fincorp and Yes Bank alongside established names suggests confidence in niche lending opportunities while trimming HDFC Bank's outsized position. This selective rebalancing indicates conviction in financial sector growth but with a more diversified approach to capturing it.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹14.8720 | — | — | — | — |
| Regular Growth | ₹14.2150 | -1.24% | -1.81% | — | — |
| Direct IDCW | ₹12.9730 | — | — | — | — |
| Regular IDCW | ₹12.4090 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Poonawalla Fincorp Limited | 1.46% |
| Yes Bank Limited | 0.51% |
| 360 One WAM Limited | 0.50% |
| ^^Onemi Technology Solutions Limited | 0.39% |
| Triparty Repo TRP_040526 | 4.22% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 13.31% |
| 2 | HDFC Bank Limited INE040A01034 | 13.10% |
| 3 | Kotak Mahindra Bank Limited INE237A01036 | 4.90% |
| 4 | Axis Bank Limited INE238A01034 | 4.74% |
| 5 | State Bank of India INE062A01020 | 4.34% |
| 6 | Triparty Repo TRP_040526 | 4.22% |
| 7 | Bajaj Finance Limited INE296A01032 | 3.78% |
| 8 | Cholamandalam Investment and Finance Company Ltd INE121A01024 | 2.66% |
| 9 | Max Financial Services Limited INE180A01020 | 2.37% |
| 10 | Shriram Finance Limited INE721A01047 | 2.25% |
| 11 | One 97 Communications Limited INE982J01020 | 2.22% |
| 12 | LIC Housing Finance Limited INE115A01026 | 2.00% |
| 13 | City Union Bank Limited INE491A01021 | 1.98% |
| 14 | Mahindra & Mahindra Financial Services Limited INE774D01024 | 1.88% |
| 15 | RBL Bank Limited INE976G01028 | 1.68% |
| 16 | IDFC First Bank Limited INE092T01019 | 1.47% |
| 17 | Poonawalla Fincorp Limited INE511C01022 | 1.46% |
| 18 | Multi Commodity Exchange of India Limited INE745G01043 | 1.38% |
| 19 | ICICI Lombard General Insurance Company Limited INE765G01017 | 1.32% |
| 20 | HDFC Life Insurance Company Limited INE795G01014 | 1.28% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Financial Services Fund hold?
Bandhan Financial Services Fund holds 53 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 40.39% of NAV.
What is the largest holding in Bandhan Financial Services Fund?
The largest position in Bandhan Financial Services Fund is ICICI Bank Limited, accounting for 13.31% of NAV in the Banks sector.
Is Bandhan Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.498, Bandhan Financial Services Fund is moderately concentrated. The HHI concentration index is 49,997 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 40.39% of the portfolio.
What is the market cap allocation of Bandhan Financial Services Fund?
Based on SEBI's AMFI classification, Bandhan Financial Services Fund's equity portfolio is split as: Large Cap: 50.92%, Mid Cap: 19.17%, Small Cap: 17.68%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Financial Services Fund invest in most?
Bandhan Financial Services Fund has the highest allocation to Banks (50.13%), Finance (24.56%), Capital Markets (8.74%). The fund is invested across 5 sectors in total.
How actively managed is Bandhan Financial Services Fund compared to other Sectoral / Thematic funds?
Bandhan Financial Services Fund has an Active Share of 79.10%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bandhan Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Financial Services Fund added 5 new stocks (including Poonawalla Fincorp Limited) and exited 1 stock (including Triparty Repo TRP_020426_VAL). Total holding count increased from 51 to 55 stocks.