Bandhan Multi Asset Passive FOF Review: Plans, NAV, Returns and Portfolio Analysis 2026

August 3, 2026
Posted by: Ankit Jaiswal
Category: Mutual Funds

Bandhan Multi Asset Passive FOF has 2 plan/option variants. Representative NAV Rs 41.5787 (20-Jul-2026). Category The Underlying Index Index Fund. Risk Very High.

Bandhan Multi Asset Passive FOF is a the underlying index index fund offered by Bandhan Mutual Fund, available in Regular Plan across IDCW, Growth. The scheme aims to replicate the the underlying index by investing in its constituent securities in similar proportion, aiming for returns before expenses that closely correspond to the the underlying index Total Return Index, subject to tracking error. With multiple variants, Bandhan Multi Asset Passive FOF lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Bandhan Multi Asset Passive FOF across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Table of Contents

Bandhan Multi Asset Passive FOF Plans and Options Available

Bandhan Multi Asset Passive FOF is offered across 2 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
112329	Regular Plan	Growth	INF194K01AB9	–	41.5787	20-Jul-2026
112330	Regular Plan	IDCW	INF194K01AC7	INF194K01AD5	20.3739	20-Jul-2026

Investment Objective and Portfolio Approach

Bandhan Multi Asset Passive FOF seeks to replicate the the underlying index by investing in its constituent securities in similar proportion, aiming for returns before expenses that closely correspond to the the underlying index Total Return Index, subject to tracking error.

In terms of portfolio construction, the scheme holds a passively managed portfolio replicating the the underlying index constituents and weights, with at least 80% in the relevant market segment as required by SEBI for index funds.

Bandhan Multi Asset Passive FOF Performance and Returns

Bandhan Multi Asset Passive FOF has delivered returns that are closely aligned with the underlying index performance before expenses and tracking error; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Bandhan Multi Asset Passive FOF

The Direct Plan of Bandhan Multi Asset Passive FOF is available for investors transacting directly with the AMC or through a registered investment advisor, and carries typically lower than the Regular Plan, consistent with the low cost nature of passive index funds. The Regular Plan carries not independently verified for this specific plan; check on AMC or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Bandhan Multi Asset Passive FOF

The Growth option of Bandhan Multi Asset Passive FOF reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Bandhan Multi Asset Passive FOF distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Bandhan Multi Asset Passive FOF is not independently verified for this specific plan; check on AMC or Univest Screener, while the Direct Plan carries typically lower than the Regular Plan, consistent with the low cost nature of passive index funds. This is the annual fee deducted from the scheme’s assets.

The exit load on the scheme is typically Nil or a small charge for very short holding periods; confirm in the scheme information document.

Who Should Consider the scheme

Cost conscious equity investors. The scheme suits investors who prefer low cost, passively managed equity exposure over actively managed funds.

Long term investors. A minimum holding period of 5 years or more is generally advisable for equity index funds like the scheme.

Core portfolio holders. The scheme can serve as a core index allocation around which other satellite holdings are built.

Key Risks in the scheme

Market risk. As a passively managed fund, The scheme has full exposure to market downturns with no active defensive action.

Tracking error. Returns may deviate slightly from the underlying index due to costs, cash drag and rebalancing timing.

Concentration risk. Being index-linked, The scheme carries whatever sector or stock concentration exists in the underlying index.

How to Invest in Bandhan Multi Asset Passive FOF

Investors evaluating Bandhan Multi Asset Passive FOF should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Bandhan Multi Asset Passive FOF can be made as a lump sum or through a Systematic Investment Plan of at least Rs 1,000 lump sum, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Bandhan Multi Asset Passive FOF is a the underlying index index fund scheme from Bandhan Mutual Fund available across 2 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 41.5787 for the Regular Plan Growth option as on 20-Jul-2026 reflects the scheme’s performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Bandhan Multi Asset Passive FOF

What plans and options are available in Bandhan Multi Asset Passive FOF?

Ans. Bandhan Multi Asset Passive FOF is available in Regular Plan and IDCW, Growth, giving investors 2 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Bandhan Multi Asset Passive FOF?

Ans. The latest NAV of the Direct Plan Growth option of Bandhan Multi Asset Passive FOF is Rs 41.5787 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Bandhan Multi Asset Passive FOF?

Ans. The primary objective of Bandhan Multi Asset Passive FOF is to replicate the the underlying index by investing in its constituent securities in similar proportion, aiming for returns before expenses that closely correspond to the the underlying index Total Return Index, subject to tracking error.

What is the difference between the Direct and Regular Plan in Bandhan Multi Asset Passive FOF?

Ans. The Direct Plan of Bandhan Multi Asset Passive FOF carries typically lower than the Regular Plan, consistent with the low cost nature of passive index funds, excluding distributor commission. The Regular Plan carries not independently verified for this specific plan; check on AMC or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Bandhan Multi Asset Passive FOF?

Ans. The Regular Plan of Bandhan Multi Asset Passive FOF carries an expense ratio of not independently verified for this specific plan; check on AMC or Univest Screener, and the Direct Plan carries typically lower than the Regular Plan, consistent with the low cost nature of passive index funds. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Bandhan Multi Asset Passive FOF?

Ans. The exit load on Bandhan Multi Asset Passive FOF is typically Nil or a small charge for very short holding periods; confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Bandhan Multi Asset Passive FOF?

Ans. Bandhan Multi Asset Passive FOF can suit investors whose financial goals, risk appetite and investment horizon align with the the underlying index index fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Bandhan Multi Asset Passive FOF a good investment?

Ans. Bandhan Multi Asset Passive FOF can be appropriate for investors who understand the the underlying index index fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.