Bandhan Large Cap Fund - Direct Plan - Growth
Fund Objective & Philosophy
The fund aims to generate capital appreciation by investing predominantly in the top 100 companies by market capitalization. It adheres to a 'Business, Management, and Valuation' (BMV) investment philosophy, focusing on quality companies with strong management at reasonable valuations. The fund maintains flexibility to allocate up to 20% in mid/small-cap stocks or debt instruments based on market conditions.
Key Information
- Fund Managers: Mr. Manish Gunwani & Mr. Prateek Poddar (w.e.f. 02 Dec 2024)
- Expense Ratio (Direct Plan): 0.89% per annum
- Month-end AUM (May 2025): ₹ 1,862.19 Crores
- Inception Date: 09 June 2006
- Benchmark: BSE 100 TRI
- Riskometer: 🚩 Very High
Also Read: Bandhan Infrastructure Fund Analysis
Performance Snapshot (CAGR)
Latest NAV (13 Jun 2025)
₹86.397
1-Year Return
6.36%
3-Year CAGR
22.37%
5-Year CAGR
22.20%
Performance vs. Benchmarks
| Scheme | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Bandhan Large Cap Fund | 10.86% | 17.87% | 21.44% | 11.76% |
| BSE 100 TRI (Benchmark) | 10.40% | 16.84% | 23.31% | 12.93% |
| Nifty 50 TRI (Additional) | 11.11% | 15.56% | 22.29% | 12.73% |
Portfolio & Risk Profile
Portfolio Details
- SIP Amount: Min. ₹100 (Weekly, Monthly, Quarterly)
- Minimum Investment: ₹1,000
- Exit Load: 0.5% if redeemed within 30 days of allotment; Nil thereafter.
- Portfolio Turnover: 0.92 (Aggregate)
- Expense Ratios: Direct: 0.89%, Regular: 2.04%
Key Risk Ratios
| Ratio | Value |
|---|---|
| Standard Deviation | 14.13% |
| Beta | 1.00 |
| R‑Squared | 0.95 |
| Sharpe Ratio* | 0.85 |
| Information Ratio | 0.54 |
Key Strategic Insights
- True-to-Label Performance: With a Beta of 1.00 and an R-squared of 0.95, the fund moves very closely with its benchmark (BSE 100). This indicates it is a classic large-cap fund, ideal for investors seeking market-like returns without significant tactical deviations.
- Consistent Long-Term Growth: The 3-year and 5-year CAGRs are remarkably consistent at over 22%, showcasing strong, sustained performance since mid-2020. This stability is a key feature for long-term wealth creation.
- Benchmark Comparison: The fund has outperformed its benchmark over the 1 and 3-year periods but has slightly lagged over 5 and 10 years. This suggests strong recent performance under the current market cycle and management.
- Cost Efficiency of Direct Plan: The Direct Plan's expense ratio (0.89%) is less than half that of the Regular Plan (2.04%). This cost advantage directly translates into higher returns for the investor over the long term and is a critical factor to consider.
Bandhan Large Cap Fund – Direct Plan
Top 15 Holdings
As of 31 May 2025
| Company | Industry | NAV (%) |
|---|---|---|
| HDFC Bank Limited | Banks | 9.34% |
| ICICI Bank Limited | Banks | 8.05% |
| Reliance Industries Limited | Petroleum Products | 7.71% |
| Axis Bank Limited | Banks | 4.58% |
| Tata Consultancy Services Limited | IT - Software | 3.90% |
| NTPC Limited | Power | 3.21% |
| Infosys Limited | IT - Software | 3.05% |
| Mahindra & Mahindra Limited | Automobiles | 2.69% |
| Varun Beverages Limited | Beverages | 2.69% |
| Sun Pharmaceutical Industries Limited | Pharmaceuticals & Biotechnology | 2.63% |
| Eternal Limited | Retailing | 2.62% |
| Bharti Airtel Limited | Telecom - Services | 2.60% |
| Bajaj Finserv Limited | Finance | 2.44% |
| ITC Limited | Diversified FMCG | 2.37% |
| Larsen & Toubro Limited | Construction | 2.30% |
| Top 15 Equity Total | 60.19% | |
Sector Allocation
Peer Comparison
| Fund | 1Y Return | 3Y Return | 5Y Return | AUM (₹ Cr.) | Exp. Ratio | Risk Level |
|---|---|---|---|---|---|---|
| Bandhan Infrastructure Fund – Direct Plan | -5.6% | 34.75% | 36.87% | 1,701 | 0.85% | Very High |
| Bandhan Infrastructure Fund – Regular Plan | -4.33% | 33.54% | 34.98% | 1,700.96 | 2.1% | Very High |
| Bandhan Small Cap Fund | 16.84% | 36.79% | 38.99% | 11,744 | 0.39% | Very High |
| Bandhan Core Equity Fund | 7.9% | 30.21% | 30.56% | 9,107 | 0.57% | Very High |
| Bandhan Flexi Cap Fund | 5.33% | 20.7% | 22.25% | 7,357 | 1.15% | Very High |
| Bandhan Large Cap Fund – Direct Plan | 5.78% | 21.56% | 22.41% | 1,862 | 0.89% | Very High |
About This Fund
The Bandhan Large Cap Fund invests primarily in equity and equity-related instruments of large-cap companies. The fund aims to generate long-term capital appreciation by investing in companies with strong fundamentals and growth potential.
Key Terms Explained
Large Cap: Companies with large market capitalization, typically among the top 100 companies by market value.
AUM (Assets Under Management): The total market value of investments managed by the fund.
Expense Ratio: The annual fee charged by the fund to cover operational expenses, expressed as a percentage of the fund's average assets under management.