Bandhan Innovation Fund
Bandhan Innovation Fund maintains a concentrated 82-holding portfolio tilted toward healthcare, retail, and financial services, betting on secular growth drivers in India's consumption and digital economy. The manager's significant portfolio churn—adding 11 names including infrastructure plays like Adani Ports while exiting commodity-linked Vedanta—signals a tactical shift away from cyclicality toward innovation-led businesses. With nearly 80 percent deployed across just eight sectors and cash still minimal, conviction runs high despite elevated concentration risk.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹13.8100 | — | — | — | — |
| Regular Growth | ₹13.3880 | +1.75% | +10.63% | — | — |
| Direct IDCW | ₹12.9590 | — | — | — | — |
| Regular IDCW | ₹12.5630 | — | — | — | — |
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 |
|---|---|
| Adani Ports and Special Economic Zone Limited | 1.38% |
| Jubilant Foodworks Limited | 0.87% |
| Hindustan Zinc Limited | 0.80% |
| ABB India Limited | 0.76% |
| Cohance Lifesciences Limited | 0.37% |
| Amir Chand Jagdish Kumar (Exports) Ltd | 0.28% |
| ^^Talwandi Sabo Power Limited | 0.35% |
| ^^Vedanta Aluminium Metal Limited | 0.35% |
| ^^Malco Energy Limited | 0.35% |
| ^^Vedanta Iron And Steel Limited | 0.35% |
| Triparty Repo TRP_040526 | 0.87% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Eternal Limited INE758T01015 | 4.86% |
| 2 | One 97 Communications Limited INE982J01020 | 4.53% |
| 3 | ICICI Bank Limited INE090A01021 | 3.87% |
| 4 | AstraZeneca Pharma India Limited INE203A01020 | 3.63% |
| 5 | Bajaj Finserv Limited INE918I01026 | 3.27% |
| 6 | Jubilant Ingrevia Limited INE0BY001018 | 2.63% |
| 7 | Reliance Industries Limited INE002A01018 | 2.59% |
| 8 | Varun Beverages Limited INE200M01039 | 2.36% |
| 9 | Mahindra & Mahindra Limited INE101A01026 | 2.25% |
| 10 | MTAR Technologies Limited INE864I01014 | 2.13% |
| 11 | Honasa Consumer Limited INE0J5401028 | 2.07% |
| 12 | Coforge Limited INE591G01025 | 2.06% |
| 13 | GE Vernova T&D India Limited INE200A01026 | 1.93% |
| 14 | Amber Enterprises India Limited INE371P01015 | 1.86% |
| 15 | Poonawalla Fincorp Limited INE511C01022 | 1.83% |
| 16 | HDFC Bank Limited INE040A01034 | 1.79% |
| 17 | NTPC Limited INE733E01010 | 1.77% |
| 18 | Thangamayil Jewellery Limited INE085J01014 | 1.54% |
| 19 | Fortis Healthcare Limited INE061F01013 | 1.53% |
| 20 | Prestige Estates Projects Limited INE811K01011 | 1.48% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Innovation Fund hold?
Bandhan Innovation Fund holds 80 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.16% of NAV.
What is the largest holding in Bandhan Innovation Fund?
The largest position in Bandhan Innovation Fund is Eternal Limited, accounting for 4.86% of NAV in the Retailing sector.
Is Bandhan Innovation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.374, Bandhan Innovation Fund is well-diversified. The HHI concentration index is 19,230 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.16% of the portfolio.
What is the market cap allocation of Bandhan Innovation Fund?
Based on SEBI's AMFI classification, Bandhan Innovation Fund's equity portfolio is split as: Large Cap: 36.35%, Mid Cap: 22.77%, Small Cap: 37.40%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Innovation Fund invest in most?
Bandhan Innovation Fund has the highest allocation to Pharmaceuticals & Biotechnology (9.63%), Retailing (9.24%), Finance (6.43%). The fund is invested across 39 sectors in total.
How actively managed is Bandhan Innovation Fund compared to other Sectoral / Thematic funds?
Bandhan Innovation Fund has an Active Share of 76.29%, 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 Innovation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Innovation Fund added 11 new stocks (including Adani Ports and Special Economic Zone Limited) and exited 4 stocks (including Vedanta Limited). Total holding count increased from 75 to 82 stocks.