Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Plan is at a NAV of ₹9.255 as of 15 Sep 2026, with scheme AUM of ₹14 Cr. Its 1-year, 3-year and 5-year returns are -6.64%, 0% and 0%, and it sits in the High Risk category. Our view is that this is a recent-launch index fund with a relatively small asset base and a portfolio tilted toward quality-heavy large-cap names, so it is more suitable for investors who can tolerate sharp near-term swings and want benchmark-linked equity exposure rather than steady short-term gains.
The fund has an expense ratio of 0.33% and an NAV change of -1.27% on the stated date. The combination of weak recent returns, a benchmark that has also been soft over the same periods, and a concentrated top holding set means the experience can be uneven in the short run, even if the underlying approach is built around quality businesses.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.255 as of 15 Sep 2026 |
| AUM | ₹14 Cr |
| Expense Ratio | 0.33% |
| Launch Date | 04 Dec 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Abhishek Jain, Mayuresh Nagvekar |
The fund is managed by Abhishek Jain and Mayuresh Nagvekar.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -6.28% | -4.81% |
| 3M | -2.46% | -3.63% |
| 1Y | -6.64% | -8.27% |
| 3Y | 0% | 0% |
| 5Y | 0% | 0% |
The recent pattern has been choppy. Over 1 month, the fund fell more than the benchmark, but over 3 months it held up better than the benchmark. That tells us the short-term path has not been smooth, even if there were pockets where the fund lost less ground than the broader reference index.
The 1-year picture is still negative, with the fund down 6.64% and the benchmark down 8.27%. That gap suggests the fund has been somewhat more resilient than the benchmark across the past year, although both have remained under pressure. For an index fund, this is an important point: the goal is not to beat the market every month, but the tracking pattern should remain understandable to investors.
The longer time horizon is not yet very informative because the fund was launched in December 2024, so the 3-year and 5-year fields do not provide a meaningful history here. In practical terms, investors are looking at a short live track record, not a mature compounding record, so the latest behaviour matters more than any long-run pattern.
The daily movement also suggests a fund that can move meaningfully even over short windows. That fits a quality-themed equity index exposure, but it also means investors should be ready for periods when returns drift below zero before any longer-term thesis can play out.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Bandhan Nifty 200 Quality 30 Index?
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 Nifty 200 Quality 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Plan | -6.64% | 0% | 0% |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 26.23% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 26.22% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 26.18% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, this fund trails the stronger peer returns by a wide margin, while its own 3-year and 5-year fields do not create a long-history comparison because the scheme is still young. That makes the peer picture mixed: the recent return is clearly weaker than several listed peers, but the fund’s live history is too short for a full long-horizon comparison. For investors, the key distinction is between a short track record under pressure and peers that already show a much stronger 1-year outcome.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Tata Consultancy Services Limited | IT | 5.47% |
| Nestle India Limited | FMCG | 5.2% |
| Infosys Limited | IT | 5.16% |
| Bharat Electronics Limited | Capital Goods | 4.81% |
| HCL Technologies Limited | IT | 4.57% |
| Bajaj Auto Limited | Automobile & Ancillaries | 4.48% |
| Hindustan Unilever Limited | FMCG | 4.3% |
| ITC Limited | FMCG | 4.23% |
| Dixon Technologies (India) Limited | Consumer Durables | 4.22% |
| Britannia Industries Limited | FMCG | 4.06% |
The top 10 holdings account for approximately 46.5% of the portfolio.
To see all holdings, visit the Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Plan page
The largest holding, Tata Consultancy Services Limited, carries a 5.47% weight, so no single position dominates the fund by itself. The gap from the first holding to the tenth is not extreme in absolute terms, which suggests the largest positions are fairly close together rather than one name standing far apart from the rest.
Even so, the displayed holdings together account for 46.5% of the portfolio, so a handful of large names may still have meaningful influence on day-to-day moves. With 30 total holdings disclosed, the fund appears to blend a compact core with a longer tail, which may spread exposure beyond the visible top names while still leaving the largest positions important.
That structure is consistent with a quality index strategy: investors get a set of established businesses, but the portfolio is not so widely spread that the top names become irrelevant. In our view, the balance between the top holdings and the remaining tail is a central feature to watch if the fund’s short live history begins to lengthen.
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who can handle High Risk equity exposure and who are comfortable with a short-term drawdown phase. The live history is limited, and the recent return pattern has been weak and uneven, so a short horizon would not fit the way this scheme has behaved so far.
A longer horizon is more relevant because the strategy is index-based and the current record is still early. The main trade-off is that the fund gives access to quality-oriented equity exposure with low expense drag, but investors must accept that short-term outcomes can lag and can stay volatile before any smoother pattern appears.
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 is 0.25% on or before 15D, and nil after 15D.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Plan?
The current NAV is ₹9.255 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -6.64%, while the 3-year and 5-year returns are 0% each because the scheme is still early in its life.
How does the fund compare with its benchmark?
The fund has done better than the benchmark over 1 year, with -6.64% versus -8.27%. Over 1 month, it has lagged the benchmark, while over 3 months it has held up better.
How does it compare with the peer funds listed here?
The fund’s 1-year return is far below several peer returns shown here, while its longer-horizon fields are not yet meaningful for a full comparison. The peer set includes stronger 1-year outcomes, but this scheme’s own live history is short.
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 Abhishek Jain and Mayuresh Nagvekar. The exit load is 0.25% on or before 15D and nil after 15D.
Bottom line
Bandhan Nifty 200 Quality 30 Index Fund Direct Growth Plan has a short and uneven live record so far, with recent returns that remain under pressure even though they have not lagged the benchmark in every window. Its peer comparison is also mixed on the available 1-year figures because several peers have much stronger outcomes, while the fund itself is still too young for a robust long-history read. The portfolio leans on well-known quality names, and that may support a disciplined index-style exposure, but the High Risk label and concentrated top holdings mean volatility can remain a central feature.
Published on 16 September 2026 at 8:22 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.