Bandhan Aggressive Hybrid Passive FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 5, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan has a NAV of ₹54.1039 as of 09 Sep 2026 and manages ₹22 Cr. Its 1-year, 3-year and 5-year returns are 9.85%, 12.93% and 10.55%, and it is tagged High Risk. Our view is that this is a portfolio for investors who can accept higher swings in exchange for a mixed equity-and-debt style outcome, with the recent trajectory looking weaker than the mid-term history and the benchmark path.
The fund’s holding structure is simple and heavily centred on one underlying index fund position, which can make returns more dependent on that exposure and the debt sleeves around it. That supports a patient horizon more than a short holding period, especially for investors who are comfortable with a High Risk profile and want a fund that has still held up better than the benchmark over 3-year and 5-year periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹54.1039 as of 09 Sep 2026 |
| AUM | ₹22 Cr |
| Expense Ratio | 0.48% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | Nil upto 10% of investment and 1% for remaining investment on or before 365D, Nil after 365D |
| Fund Managers | Karthik Kumar |
The fund is managed by Karthik Kumar.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.56% | -4.69% |
| 3M | 4.27% | 0.93% |
| 1Y | 9.85% | -7.16% |
| 3Y | 12.93% | 6% |
| 5Y | 10.55% | 5.87% |
The near-term picture is mixed. The 1-month return is negative, which tells us the fund has recently faced pressure, although it still fell less than the benchmark over the same span. Over 3 months, the fund has bounced back to a positive return and has again stayed ahead of the benchmark, so the short-term trend is not one-directional.
The longer view is more constructive. The 1-year return is 9.85%, while the benchmark is still negative over that period, which means the fund has absorbed a difficult market patch better than the index. The 3-year and 5-year returns also remain ahead of the benchmark, which points to a more durable compounding profile than the benchmark itself.
That said, the recent softness matters. The 1-month dip after stronger longer-term numbers suggests the fund can still move around meaningfully even when the longer horizon looks steady. For investors, that mix of a weaker very recent patch and a firmer 3-year and 5-year record usually calls for a longer holding period rather than a short tactical allocation.
Overall, the fund has done better than the benchmark across every measured horizon here, but the margin has not been uniform. The 3-year return is stronger than the 5-year figure, which implies the more recent multi-year stretch has been better than the full five-year run.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Bandhan Aggressive Hybrid Passive FOF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Bandhan Aggressive Hybrid Passive FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan | 9.85% | 12.93% | 10.55% |
| Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan | 55.74% | 29.25% | 11.47% |
| HSBC Global Emerging Markets Fund Direct Growth Plan | 53.67% | 29.41% | 12.31% |
| Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan | 46.18% | 27.12% | 12.33% |
| HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan | 39.43% | 28.07% | 15.17% |
| HSBC Brazil Fund Direct Growth Plan | 38.73% | 17.3% | 10.08% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is far below the better 1-year figures in this peer set, but its 3-year and 5-year numbers are also more modest than most of these overseas equity-oriented funds. That makes the comparison less about a direct one-for-one contest and more about strategy differences.
Even so, the current fund’s return pattern is still respectable because it stays positive across the longer horizons while the benchmark does not. The peer set has higher headline gains, but those peers are also operating in a very different return environment. For this fund, the useful takeaway is that its long-term record is steadier than flashy, and its recent weakness does not overturn the broader multi-year pattern.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Bandhan Nifty Midcap 150 Index Fund-Direct PL-GRTH | Domestic Mutual Funds Units | 78.43% |
| Bandhan CRISIL Ibx 9:1 SDL PS Gilt Apr 32 DR GR | Domestic Mutual Funds Units | 10.31% |
| Bandhan CRISIL Ibx Gilt Apr 28 Index FD DR PL GR | Domestic Mutual Funds Units | 10.28% |
| Triparty Repo TRP_030826 | Cash & Cash Equivalents and Net Assets | 0.89% |
The largest holding is very large at 78.43%, so the fund’s day-to-day outcome is likely to be shaped most by that single underlying position. The next two holdings are much smaller at a little above 10% each, which shows a steep drop after the first sleeve.
Because there are only four disclosed holdings and the top three already account for 99.02% of the portfolio, the structure appears highly concentrated in practice. That concentration may reduce the role of a long tail and can make the fund’s path more dependent on how the dominant holdings behave over time.
With just four disclosed holdings, the portfolio is not broadly spread across many positions. Instead, it is built around a very large equity index fund exposure plus two gilt-oriented sleeves and a small cash component, so the balance of the portfolio may help shape returns more than a wide stock basket would.
Source data date: as of 09 Sep 2026
Who should invest
This fund is better suited to investors who are comfortable with High Risk and who can stay invested long enough for the broader pattern to matter more than month-to-month moves. The 1-year, 3-year and 5-year returns show a fund that has stayed ahead of the benchmark over each horizon, but the recent 1-month decline reminds us that the path is not smooth.
Its main trade-off is simple: you get a fund with a steadier long-term record than the benchmark, but you also accept a concentrated portfolio structure and more variability in the short run. That makes it more appropriate for a patient investor who values a multi-year view and can tolerate uneven stretches.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil up to 10% of the investment and 1% for the remaining investment if units are sold on or before 365 days; no exit load after the holding period.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan?
The current NAV is ₹54.1039 as of 09 Sep 2026.
How has the fund performed over 1 year, 3 years and 5 years?
Its 1-year, 3-year and 5-year returns are 9.85%, 12.93% and 10.55%.
How does it compare with the benchmark?
It has stayed ahead of the Nifty 50 over 1 year, 3 years and 5 years. The benchmark return is -7.16% over 1 year, 6% over 3 years and 5.87% over 5 years.
What kind of portfolio does the fund hold?
The portfolio is highly concentrated, with one holding at 78.43% and only four disclosed holdings in total. The rest of the exposure is split between two gilt-oriented positions and a small cash component.
Who manages the fund?
Karthik Kumar manages the fund.
What are the exit load and tax rules?
Units held for less than 1 year face 20% short-term capital gains tax, while units held for more than 1 year face 12.5% long-term capital gains tax. The exit load is nil up to 10% of the investment and 1% for the remaining investment on or before 365 days, and there is no exit load after the holding period.
Bottom line
This fund’s longer-term record is firmer than its very recent patch, and it has stayed ahead of the benchmark across the 1-year, 3-year and 5-year windows. Against the listed peer set, its returns are more modest, but that comparison also sits beside much more equity-led overseas strategies. The High Risk label fits a fund that can still move around in the short run. Its very concentrated portfolio structure is the key characteristic to watch, which makes it more suitable for patient investors who can tolerate uneven interim performance.
Published on 10 September 2026 at 10:03 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.