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Direct
GROWTH
Active
Bandhan Nifty Alpha 50 Index Fund - Direct Plan - Growth
Bandhan Mutual Fund · AMFI: 152177
· ISIN: INF194KB1HA2
Latest NAV
โน13.9707
as of Nov. 4, 2026
1Y: +3.66%
3Y: +0.00%
Fund Information
05 Nov 2026 ยท captnemo
Fund House
Bandhan Mutual Fund
Category
Other Scheme - Index Funds
AUM
โน5980.0 Cr
Expense Ratio
0.61%
Min SIP
โน100.0
Min Lumpsum
โน1000.0
Fund Start Date
09 Nov 2023
Lock-in Period
None
๐ฐ Fund AUM Trend
Current: โน5980.0 Cr
Investment Objective
The investment objective of the Scheme is to replicate the Nifty Alpha 50 Index by investing in securities of the Nifty Alpha 50 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Trailing Returns
Full Analysis โ
| Period | Fund | Benchmark | Cat Min | Cat Avg | Cat Max | Excess vs BM | Excess vs Cat |
|---|---|---|---|---|---|---|---|
| 1W | 160.78% | 72.29% | โ | โ | โ | 88.49% | โ |
| 1M | -17.68% | 22.62% | โ | โ | โ | -40.30% | โ |
| 3M | -17.74% | -24.80% | โ | โ | โ | 7.06% | โ |
| 6M | 3.12% | -11.17% | โ | โ | โ | 14.29% | โ |
| 1Y | 3.66% | -10.40% | -18.82% | 4.34% | 24.25% | 14.06% | -0.68% |
| 2Y | -2.65% | -2.23% | โ | โ | โ | -0.42% | โ |
| 3Y | 11.63% | 5.73% | -9.04% | 6.40% | 24.94% | 5.90% | 5.23% |
| 5Y | 11.63% | 6.30% | -5.53% | 4.26% | 16.38% | 5.33% | 7.37% |
| 7Y | 11.63% | 6.30% | โ | โ | โ | 5.33% | โ |
| 10Y | 11.63% | 6.30% | โ | โ | โ | 5.33% | โ |
| SI | 11.63% | 5.73% | โ | โ | โ | 5.90% | โ |
Risk Snapshot (3Y)
Sharpe Ratio
0.23
(cat: 0.44)
Max Drawdown
-31.78%
(cat: -15.76%)
Std Dev (Ann)
22.25%
(cat: 13.1%)
Beta
1.23
(cat: 0.75)
Index Funds
ยท 239 funds
ยท Avg Score: 46/100
ยท Category Meter โ
NAV History
Trailing Returns (CAGR)
| Period | Fund | Benchmark | Cat Min | Cat Avg | Cat Max | Excess vs BM | Excess vs Cat |
|---|---|---|---|---|---|---|---|
| 1W | 160.78% | 72.29% | โ | โ | โ | 88.49% | โ |
| 1M | -17.68% | 22.62% | โ | โ | โ | -40.30% | โ |
| 3M | -17.74% | -24.80% | โ | โ | โ | 7.06% | โ |
| 6M | 3.12% | -11.17% | โ | โ | โ | 14.29% | โ |
| 1Y | 3.66% | -10.40% | -18.82% | 4.34% | 24.25% | 14.06% | -0.68% |
| 2Y | -2.65% | -2.23% | โ | โ | โ | -0.42% | โ |
| 3Y | 11.63% | 5.73% | -9.04% | 6.40% | 24.94% | 5.90% | 5.23% |
| 5Y | 11.63% | 6.30% | -5.53% | 4.26% | 16.38% | 5.33% | 7.37% |
| 7Y | 11.63% | 6.30% | โ | โ | โ | 5.33% | โ |
| 10Y | 11.63% | 6.30% | โ | โ | โ | 5.33% | โ |
| SI | 11.63% | 5.73% | โ | โ | โ | 5.90% | โ |
Trailing Returns Chart
Calendar Year Returns
Rolling Return Statistics
All rolling windows vs benchmark โ full history
| Window | Min | Max | Median | Mean | Win Rate (>0%) | Win Rate (>8%) | BM Median | BM Mean | Outperform % | Cat Avg |
|---|---|---|---|---|---|---|---|---|---|---|
| 1Y Rolling | -19.22% | 47.08% | -0.65% | 1.49% | 47.2% | 23.9% | 3.27% | 3.24% | 46.3% | โ |
| 2Y Rolling | -7.42% | 16.00% | -2.02% | 0.46% | 38.2% | 13.5% | 1.71% | 3.28% | 18.5% | โ |
| 3Y Rolling | 7.25% | 12.38% | 10.65% | 9.78% | 100.0% | 65.2% | 4.57% | 4.43% | 100.0% | โ |
Rolling Return Calculator
Inception: Nov. 9, 2023 ยท Latest NAV: โ
Rolling Window
Start Date
End Date
Rolling Returns Distribution (All Windows)
Bar = mean, error bar = min/max. BM shown beside. Right axis = % of periods beating BM.
๐งฎ SIP Simulator
10 yrs
Enter values and click Calculate.
๐ฐ Lumpsum Simulator
10 yrs
Enter values and click Calculate.
Risk Metrics โ 3 Years
Category Avg (Index Funds)
ยท Std Dev: 13.12%
ยท Sharpe: 0.44
ยท Sortino: 0.70
ยท Max DD: -15.76%
Std Dev (Ann %)
22.25%
(cat: 13.1%)
Sharpe Ratio
0.23
(cat: 0.44)
Sortino Ratio
0.29
(cat: 0.70)
Max Drawdown %
-31.78%
(cat: -15.76%)
Beta
1.23
(cat: 0.75)
Alpha (Ann %)
6.29%
(cat: 3.43)
R-Squared %
54.39%
Tracking Error %
15.00%
Info Ratio
0.40
Upside Capture %
120.8%
Downside Capture %
113.8%
Risk-Free Rate Used
6.50%
Risk Metrics โ 5 Years
Category Avg (Index Funds)
ยท Std Dev: 13.03%
ยท Sharpe: 0.28
ยท Sortino: 0.46
ยท Max DD: -16.80%
Std Dev (Ann %)
22.25%
(cat: 13.0%)
Sharpe Ratio
0.23
(cat: 0.28)
Sortino Ratio
0.29
(cat: 0.46)
Max Drawdown %
-31.78%
(cat: -16.80%)
Beta
1.23
Alpha (Ann %)
6.29%
R-Squared %
54.39%
Tracking Error %
15.00%
Info Ratio
0.40
Upside Capture %
120.8%
Downside Capture %
113.8%
Benchmark
NIFTY 50
Market Volatility Measures (3Y)
Upside Capture
120.8%
Downside Capture
113.8%
Max Drawdown
-31.78%
Quarterly Performance Analysis (Top 5 & Worst 5)
๐ Upside Quarters (Top 5)
| Quarter | Fund | Benchmark |
|---|---|---|
| Q1 2026 | 20.66% | 6.87% |
| Q1 2024 | 18.62% | 7.54% |
| Q1 2025 | 17.09% | 8.49% |
| Q4 2023 | 11.24% | 2.74% |
| Q2 2024 | 6.77% | 7.50% |
Total 7 upside quarter(s)
๐ Downside Quarters (Worst 5)
| Quarter | Fund | Benchmark |
|---|---|---|
| Q4 2024 | -18.39% | -0.53% |
| Q4 2025 | -11.72% | -14.54% |
| Q2 2025 | -9.62% | -3.55% |
| Q3 2024 | -6.99% | -8.39% |
| Q3 2026 | -1.36% | 1.40% |
Total 5 downside quarter(s)
Year-wise Risk Metrics
| Year | Fund CAGR | BM CAGR | Alpha | Beta | Sharpe | Sortino | Max DD | Upside Cap | Downside Cap |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.17% | -14.69% | 22.55% | 1.10 | -0.02 | -0.02 | -14.35% | 118.1% | 91.5% |
| 2025 | -11.74% | 10.09% | -22.78% | 1.40 | -0.81 | -1.06 | -26.10% | 121.7% | 157.4% |
| 2024 | 30.79% | 8.76% | 21.86% | 1.25 | 1.02 | 1.14 | -14.76% | 125.7% | 101.6% |
| 2023* | 149.13% | 123.81% | 35.99% | 0.91 | 9.36 | 7.04 | -1.58% | 98.4% | 52.9% |
Drawdown Chart
Crisis Period Behaviour
"Pre-inception" = fund didn't exist during that period. Hover the โ on each card for how to interpret it.
๐ How to interpret these numbers
0% or positive โ Held up during crash (exceptional)
0% to -15% โ Mild damage, manageable drawdown
Below -15% โ Significant hit; check recovery speed
Recovery label โ Months from trough back to pre-crash peak
Market Regime Analysis
Reading the cards:
โฅ15% Excellent
5โ15% Good
0โ5% Muted
<0% Lost money
|
Click โผ Per-window on any card to see each individual time window
โน๏ธ Regime windows are approximations based on Nifty 50 price action and RBI policy dates. Returns shown are fund NAV CAGR within covered dates only.
โ ๏ธ Benchmark Note: Index data shown is Price Index, not TRI (Total Return Index).
TRI includes dividends and is typically 1-2% higher annually. SEBI mandates TRI for official benchmark comparison.
Sector Allocation
Financial Services
31.7%
Basic Materials
20.6%
Industrials
18.0%
Consumer Cyclical
11.8%
Healthcare
7.0%
Utilities
4.9%
Communication Services
2.9%
Technology
1.8%
Consumer Defensive
1.4%
Weightage by Market Cap
Large Cap
11.12%
Mid Cap
18.62%
Small Cap
70.39%
Asset Allocation
Debt
0.00%
Cash
-0.12%
Portfolio Summary
Category Avg (Index Funds)
ยท Turnover: 0.5%
(median: 0.3%)
Total Holdings
53
Top 10 Weight
36.56%
Portfolio Turnover
1.57%
(cat avg: 0.5%)
Top Holdings
As of Oct 2026
| # | Security | Sector | Weight % | Fwd P/E |
|---|---|---|---|---|
| 1 |
Ather Energy Ltd
INE0LEZ01016
|
Consumer Cyclical |
7.12%
|
โ |
| 2 |
Laurus Labs Ltd
INE947Q01028
|
Healthcare |
4.01%
|
โ |
| 3 |
Multi Commodity Exchange of India Ltd
INE745G01043
|
Financial Services |
3.83%
|
โ |
| 4 |
Acutaas Chemicals Ltd
INE00FF01025
|
Basic Materials |
3.57%
|
โ |
| 5 |
National Aluminium Co Ltd
INE139A01034
|
Basic Materials |
3.48%
|
โ |
| 6 |
Hindustan Copper Ltd
INE531E01026
|
Basic Materials |
3.36%
|
โ |
| 7 |
Vedanta Ltd
INE205A01025
|
Basic Materials |
2.91%
|
โ |
| 8 |
Vodafone Idea Ltd
INE669E01016
|
Communication Services |
2.87%
|
โ |
| 9 |
GE Vernova T&D India Ltd
INE200A01026
|
Industrials |
2.75%
|
โ |
| 10 |
Adani Power Ltd
INE814H01029
|
Utilities |
2.66%
|
โ |
| 11 |
Hitachi Energy India Ltd Ordinary Shares
INE07Y701011
|
Industrials |
2.57%
|
โ |
| 12 |
Anand Rathi Wealth Ltd
INE463V01026
|
Financial Services |
2.52%
|
โ |
| 13 |
L&T Finance Ltd
INE498L01015
|
Financial Services |
2.40%
|
โ |
| 14 |
Hindalco Industries Ltd
INE038A01020
|
Basic Materials |
2.31%
|
9.4x |
| 15 |
Adani Energy Solutions Ltd
INE931S01010
|
Utilities |
2.25%
|
โ |
| 16 |
Navin Fluorine International Ltd
INE048G01026
|
Basic Materials |
2.21%
|
โ |
| 17 |
Karur Vysya Bank Ltd
INE036D01028
|
Financial Services |
2.20%
|
โ |
| 18 |
Aditya Birla Capital Ltd
INE674K01013
|
Financial Services |
2.19%
|
โ |
| 19 |
Bharat Heavy Electricals Ltd
INE257A01026
|
Industrials |
2.16%
|
โ |
| 20 |
Apar Industries Ltd
INE372A01015
|
Industrials |
2.13%
|
โ |
| 21 |
Steel Authority Of India Ltd
INE114A01011
|
Basic Materials |
2.09%
|
โ |
| 22 |
Cummins India Ltd
INE298A01020
|
Industrials |
2.09%
|
โ |
| 23 |
Shriram Finance Ltd
INE721A01047
|
Financial Services |
2.03%
|
โ |
| 24 |
RBL Bank Ltd
INE976G01028
|
Financial Services |
1.95%
|
โ |
| 25 |
Glenmark Pharmaceuticals Ltd
INE935A01035
|
Healthcare |
1.92%
|
39.4x |
| 26 |
Bharat Forge Ltd
INE465A01025
|
Industrials |
1.92%
|
โ |
| 27 |
Polycab India Ltd
INE455K01017
|
Industrials |
1.85%
|
โ |
| 28 |
One97 Communications Ltd
INE982J01020
|
Technology |
1.83%
|
โ |
| 29 |
BSE Ltd
INE118H01025
|
Financial Services |
1.66%
|
โ |
| 30 |
Muthoot Finance Ltd
INE414G01012
|
Financial Services |
1.65%
|
โ |
| 31 |
Ashok Leyland Ltd
INE208A01029
|
Industrials |
1.58%
|
21.9x |
| 32 |
The Federal Bank Ltd
INE171A01029
|
Financial Services |
1.55%
|
โ |
| 33 |
AU Small Finance Bank Ltd
INE949L01017
|
Financial Services |
1.49%
|
โ |
| 34 |
Manappuram Finance Ltd
INE522D01027
|
Financial Services |
1.46%
|
โ |
| 35 |
Indian Bank
INE562A01011
|
Financial Services |
1.46%
|
โ |
| 36 |
Radico Khaitan Ltd
INE944F01028
|
Consumer Defensive |
1.45%
|
โ |
| 37 |
Eicher Motors Ltd
INE066A01021
|
Consumer Cyclical |
1.38%
|
29.7x |
| 38 |
FSN E-Commerce Ventures Ltd
INE388Y01029
|
Consumer Cyclical |
1.25%
|
โ |
| 39 |
TVS Motor Co Ltd
INE494B01023
|
Consumer Cyclical |
1.17%
|
39.8x |
| 40 |
Fortis Healthcare Ltd
INE061F01013
|
Healthcare |
1.05%
|
โ |
| 41 |
Delhivery Ltd
INE148O01028
|
Industrials |
0.95%
|
49.3x |
| 42 |
Union Bank of India
INE692A01016
|
Financial Services |
0.89%
|
โ |
| 43 |
Amber Enterprises India Ltd Ordinary Shares
INE371P01015
|
Consumer Cyclical |
0.84%
|
โ |
| 44 |
State Bank of India
INE062A01020
|
Financial Services |
0.83%
|
โ |
| 45 |
Bank of India
INE084A01016
|
Financial Services |
0.83%
|
โ |
| 46 |
IIFL Finance Ltd
INE530B01024
|
Financial Services |
0.76%
|
โ |
| 47 |
Canara Bank
INE476A01022
|
Financial Services |
0.75%
|
โ |
| 48 |
HDFC Asset Management Co Ltd
INE127D01025
|
Financial Services |
0.74%
|
โ |
| 49 |
Solar Industries India Ltd
INE343H01029
|
Basic Materials |
0.69%
|
โ |
| 50 |
Max Financial Services Ltd
INE180A01020
|
Financial Services |
0.51%
|
โ |
| 51 |
Triparty Repo Trp_010926
|
cashAndEquivalents |
0.26%
|
โ |
| 52 |
Cash Margin - Ccil
|
cashAndEquivalents |
0.00%
|
โ |
| 53 |
Net Current Assets
|
cashAndEquivalents |
-0.39%
|
โ |
Costs & Fees
Category Avg (Index Funds)
ยท Expense Ratio: 0.29%
(median: 0.25%)
ยท Turnover: 0.5%
Expense Ratio
0.61%
(cat avg: 0.29%)
Expense Ratio Date
30 Sep 2026
Portfolio Turnover
1.57%
(cat avg: 0.5%)
CRISIL Rating
Very High Risk
Kuvera Rating
โ
Investment Rules
Min Lumpsum
โน1000
Min Additional
โน1000
Min SIP
โน100
SIP Available
โ
Yes
Lock-in Period
None
Redemption Allowed
โ
Yes
Tax Treatment
Debt/Hybrid Fund Tax Rules
• All gains taxed at income slab rate (no indexation benefit after April 2023)
• Applicable to funds with <65% equity allocation
• All gains taxed at income slab rate (no indexation benefit after April 2023)
• Applicable to funds with <65% equity allocation
Benchmark
NIFTY 50
SEBI-assigned category benchmark for this fund type.
Source: database
โ ๏ธ Data shown is Price Index, not TRI. TRI returns are typically 1-2% higher annually.
A
Abhishek Jain
Fund Manager ยท captnemo
AMC
Bandhan Mutual Fund
Bandhan Mutual Fund
Manager tenure/profile
Not exposed by current APIs
Not exposed by current APIs
M
Mayuresh Nagvekar
Fund Manager ยท captnemo
AMC
Bandhan Mutual Fund
Bandhan Mutual Fund
Manager tenure/profile
Not exposed by current APIs
Not exposed by current APIs
Management Context
| Fund House | Bandhan Mutual Fund |
| Inception / First NAV | Nov. 9, 2023 |
| AUM | Rs 5980 Cr |
| Expense Ratio | 0.61% |
| Portfolio Turnover | 1.57% |
| Rating | Very High Risk |
| Benchmark | NIFTY 50 |
| Data Source | captnemo |
Portfolio Managed
Holdings Used
53
database
Sectors
9
Portfolio view
3Y Sharpe
0.23
NAV computed
3Y Drawdown
-31.8%
NAV computed
The investment objective of the Scheme is to replicate the Nifty Alpha 50 Index by investing in securities of the Nifty Alpha 50 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not aโฆ
Computing fund scorecard & factor breakdownโฆ
Loading peer funds in the same categoryโฆ
Loading NAV history for analysisโฆ