Bandhan Medium to Long Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Medium to Long Term Fund Direct Growth Plan has a NAV of ₹74.9973 as of 09 Sep 2026 and an AUM of ₹428 Cr. Its 1-year, 3-year and 5-year returns are 6.11%, 6.64% and 5.29%, and it sits in the Medium Risk category. Our view is that this is a relatively steady debt option for conservative investors who want moderated volatility, but the return path has stayed modest rather than standout, so expectations should remain measured.
The fund’s portfolio is also anchored in cash, government securities and corporate debt, which supports its lower-volatility profile. That mix can suit investors who value stability over aggressive capital growth, especially when compared with the benchmark’s weaker 1-year behaviour.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹74.9973 as of 09 Sep 2026 |
| AUM | ₹428 Cr |
| Expense Ratio | 1.32% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | Nil for 10% of investment and 1% for remaining investment on or before 365D, Nil after 365D |
| Fund Managers | Suyash Choudhary |
The fund is managed by Suyash Choudhary.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.3% | -4.69% |
| 3M | 1.87% | 0.93% |
| 1Y | 6.11% | -7.16% |
| 3Y | 6.64% | 6% |
| 5Y | 5.29% | 5.87% |
Recent performance is mixed but still constructive. The fund was slightly negative over 1 month, yet it held up much better than the benchmark in the same stretch. Over 3 months, it moved ahead of the benchmark, which suggests a cleaner short-term rebound than the index.
The 1-year number is the clearest recent strength: the fund returned 6.11% while the benchmark fell 7.16%. That gap matters because it shows the strategy behaved defensively in a period when the index struggled. For investors focused on capital preservation, that relative resilience is more relevant than the absolute figure alone.
Looking further out, the picture is steadier but not especially strong. The 3-year return of 6.64% is only modestly above the benchmark’s 6%, while the 5-year return of 5.29% sits below the benchmark’s 5.87%. Our read is that the fund has been more reliable in choppier shorter windows than in producing superior long-horizon compounding.
The time pattern reinforces that view. The trajectory has generally been gradual, with limited drawdown and limited surge. That is consistent with a debt fund designed to mute swings, but it also means upside participation has been restrained.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Bandhan Medium to Long Term?
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 Medium to Long Term? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Medium to Long Term Fund Direct Growth Plan | 6.11% | 6.64% | 5.29% |
| Aditya Birla SL Medium Term Fund Direct Growth Plan | 9.46% | 10.68% | 12.75% |
| ICICI Pru Medium Term Fund Direct Growth Plan | 7.98% | 8.55% | 7.42% |
| Kotak Medium Term Fund Direct Growth Plan | 7.76% | 9.07% | 7.46% |
| SBI Medium Term Fund Direct Growth Plan | 7.2% | 7.92% | 6.89% |
| Axis Medium Term Fund Direct Growth Plan | 7.18% | 8.47% | 7.39% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the peer set, the fund’s 1-year return trails every listed comparison fund except the fact that it still stayed positive while the benchmark was negative. That tells us the recent defensive read-through is intact, but the pace of return has been slower than most peers.
The same pattern extends over longer periods. Its 3-year return is below the peer figures shown here, and its 5-year return is also lower than the available peer numbers. So the short-term story and the long-term story point in the same direction: the fund has been more measured than the faster-compounding alternatives in this group.
That difference matters for investors deciding between steadier behaviour and higher return capture. The fund may appeal more to those who value smoother participation than to those looking for the strongest trailing growth within the set.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Triparty Repo TRP_010926 | Cash & Cash Equivalents and Net Assets | 30.45% |
| Small Industries Dev Bank of India ** | Certificate of Deposit | 7.64% |
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 6.94% |
| 7.3% GOI (MD 19/06/2053) | Government Securities | 6.78% |
| 7.24% GOI (MD 18/08/2055) | Government Securities | 5.84% |
| 7.46% Indian Railway Finance Corporation Limited ** | Corporate Debt | 5.83% |
| 7.85% Bajaj Finance Limited | Corporate Debt | 5.82% |
| 7.48% National Bank for Agriculture and Rural Development | Corporate Debt | 5.81% |
| 7.14% Export Import Bank of India ** | Corporate Debt | 5.78% |
| Punjab National Bank ** | Certificate of Deposit | 4.53% |
The largest disclosed holding is Triparty Repo TRP_010926 at 30.45%, which is a large cash-and-cash-equivalent position. That single allocation is likely to have a meaningful influence on day-to-day stability, and it also helps explain why the fund has tended to behave defensively.
The weight profile then steps down fairly quickly. By the tenth holding, the position size is 4.53%, so the portfolio moves from one very large holding into a more even spread of mid-sized exposures. That pattern suggests the first position dominates the visible sleeve, while the rest are more balanced.
Across the ten disclosed holdings, the combined weight is approximately 85.42% of the portfolio, and the fund has 16 disclosed holdings in total. That combination points to a portfolio that is still fairly concentrated in the visible core, but not dependent on only one or two names. The remaining tail may add diversification, yet the largest positions are still likely to carry the most influence.
To see all holdings, visit the Bandhan Medium to Long Term Fund Direct Growth Plan page
Source data date: as of 09 Sep 2026
Who should invest
This fund may suit conservative to moderately conservative investors who can accept medium risk and want a debt-oriented allocation rather than an equity-style growth profile. The return pattern shows steadier short-term resilience than the benchmark, but the 3-year and 5-year figures are not aggressive, so it is better viewed as a measured compounding option than a return-chasing one.
The main trade-off is clear: you may get smoother behaviour and a more defensive portfolio mix, but you also give up the stronger long-term returns seen in some peers. A longer horizon can still help absorb short-term movement, yet the fund’s role is more about stability and disciplined income-oriented exposure than about maximising upside.
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 for 10% of investment and 1% for remaining investment on or before 365D, Nil after 365D.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Medium to Long Term Fund Direct Growth Plan?
The current NAV is ₹74.9973 as of 09 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 6.11%, 6.64% and 5.29%.
How does the fund compare with its benchmark?
It beat the benchmark over 1 month, 3 months and 1 year, but it lagged the benchmark over 5 years. Over 3 years, the gap is small.
Which peer fund has the strongest trailing return in the comparison set?
Aditya Birla SL Medium Term Fund Direct Growth Plan shows the strongest figures in the peer table across 1 year, 3 years and 5 years.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Suyash Choudhary. Exit load is nil for 10% of the investment and 1% for the remaining amount on or before 365D, and nil after 365D.
Bottom line
Bandhan Medium to Long Term Fund Direct Growth Plan looks steadier than its benchmark in the recent period, but its longer-term return profile is more restrained than several peers and a touch below the benchmark over 5 years. The portfolio is anchored by a large cash-and-cash-equivalent position alongside government securities and corporate debt, which supports the medium-risk stance and the fund’s lower-volatility character. It is best suited to investors who value defence and consistency more than strong upside.
Published on 10 September 2026 at 10:18 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.