Bandhan Multi-Factor Fund
The fund maintains a balanced multi-factor approach with notable overweights in banking and IT, signaling conviction in financial services and tech valuations. The sharp portfolio churn—adding 22 stocks while exiting 14—suggests the manager actively rotated away from cyclicals like NTPC and auto manufacturers toward defensive pharma and select tech plays, while trimming exposure to power utilities. This tactical repositioning indicates a cautious stance on infrastructure but confidence in consumption-linked and quality earnings drivers.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹10.0060 | — | — | — | — |
| Regular Growth | ₹9.8820 | -1.76% | — | — | — |
| Direct IDCW | ₹10.0060 | — | — | — | — |
| Regular IDCW | ₹9.8820 | — | — | — | — |
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 |
|---|---|
| Tata Consultancy Services Limited | 3.93% |
| Indian Bank | 3.65% |
| IndusInd Bank Limited | 3.64% |
| Tech Mahindra Limited | 3.32% |
| Bharat Electronics Limited | 3.30% |
| Cummins India Limited | 2.54% |
| Power Finance Corporation Limited | 2.29% |
| Bharat Petroleum Corporation Limited | 2.17% |
| FSN E-Commerce Ventures Limited | 2.01% |
| Indian Oil Corporation Limited | 1.89% |
| Canara Bank | 1.61% |
| REC Limited | 1.56% |
| Vedanta Limited | 1.44% |
| LTM Limited | 1.41% |
| Punjab National Bank | 1.33% |
| Oil India Limited | 0.99% |
| Schaeffler India Limited | 0.81% |
| ^^Talwandi Sabo Power Limited | 0.64% |
| ^^Vedanta Aluminium Metal Limited | 0.64% |
| ^^Malco Energy Limited | 0.64% |
| ^^Vedanta Iron And Steel Limited | 0.64% |
| Triparty Repo TRP_040526 | 2.83% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharti Airtel Limited INE397D01024 | 4.06% |
| 2 | Oil & Natural Gas Corporation Limited INE213A01029 | 4.02% |
| 3 | Hero MotoCorp Limited INE158A01026 | 3.95% |
| 4 | Tata Consultancy Services Limited INE467B01029 | 3.93% |
| 5 | Lupin Limited INE326A01037 | 3.92% |
| 6 | NMDC Limited INE584A01023 | 3.89% |
| 7 | Indus Towers Limited INE121J01017 | 3.89% |
| 8 | Coal India Limited INE522F01014 | 3.87% |
| 9 | Axis Bank Limited INE238A01034 | 3.81% |
| 10 | Hindalco Industries Limited INE038A01020 | 3.81% |
| 11 | State Bank of India INE062A01020 | 3.80% |
| 12 | Nestle India Limited INE239A01024 | 3.69% |
| 13 | Indian Bank INE562A01011 | 3.65% |
| 14 | IndusInd Bank Limited INE095A01012 | 3.64% |
| 15 | Aurobindo Pharma Limited INE406A01037 | 3.55% |
| 16 | Tech Mahindra Limited INE669C01036 | 3.32% |
| 17 | Bharat Electronics Limited INE263A01024 | 3.30% |
| 18 | Triparty Repo TRP_040526 | 2.83% |
| 19 | Cummins India Limited INE298A01020 | 2.54% |
| 20 | Power Finance Corporation Limited INE134E01011 | 2.29% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bandhan Multi-Factor Fund hold?
Bandhan Multi-Factor Fund holds 41 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.88% of NAV.
What is the largest holding in Bandhan Multi-Factor Fund?
The largest position in Bandhan Multi-Factor Fund is Bharti Airtel Limited, accounting for 4.06% of NAV in the Telecom - Services sector.
Is Bandhan Multi-Factor Fund a concentrated or diversified fund?
With a Gini coefficient of 0.302, Bandhan Multi-Factor Fund is well-diversified. The HHI concentration index is 29,782 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.88% of the portfolio.
What is the market cap allocation of Bandhan Multi-Factor Fund?
Based on SEBI's AMFI classification, Bandhan Multi-Factor Fund's equity portfolio is split as: Large Cap: 61.08%, Mid Cap: 33.84%, Small Cap: 0.00%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bandhan Multi-Factor Fund invest in most?
Bandhan Multi-Factor Fund has the highest allocation to Banks (21.23%), IT - Software (10.69%), Pharmaceuticals & Biotechnology (8.27%). The fund is invested across 20 sectors in total.
How actively managed is Bandhan Multi-Factor Fund compared to other Sectoral / Thematic funds?
Bandhan Multi-Factor Fund has an Active Share of 82.00%, 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 Multi-Factor Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bandhan Multi-Factor Fund added 22 new stocks (including Tata Consultancy Services Limited) and exited 14 stocks (including HCL Technologies Limited). Total holding count increased from 35 to 43 stocks.