Bandhan Gold ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Gold ETF FOF Direct Growth Plan has a NAV of ₹9.8935 as of 16 Sep 2026 and an AUM of ₹165 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme carries a High Risk profile. In our view, this is a narrow gold-linked allocation rather than a diversified equity-style fund, so it suits investors who can accept sharp moves in the underlying theme.
The fund has also been live only since 23 Jan 2026, so the available return history is still limited. The recent NAV move has been positive, but the longer track record is too short to judge how it behaves through a full market cycle.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.8935 as of 16 Sep 2026 |
| AUM | ₹165 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 23 Jan 2026 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Abhishek Jain |
The fund is managed by Abhishek Jain.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.12% | -4.41% |
| 3M | 1.38% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
In the near term, the fund has held up better than the benchmark. The 1-month return is less negative than the benchmark, and the 3-month return is positive even while the benchmark stays in negative territory. That tells us the fund has recently moved differently from the broad market and has provided a cushion in a weak benchmark phase.
The shorter history matters here. Since the scheme was launched in January 2026, there is no meaningful 1-year, 3-year or 5-year track record to judge compounding through different market conditions. We therefore treat the available short-window numbers as a snapshot, not as proof of a stable long-run pattern.
For investors, the main point is that the fund is not behaving like a standard diversified equity option. Its recent profile is theme-driven and can move around more than a cash-like or broad-market allocation, but the past few weeks also show that it has not simply followed the benchmark down.
Overall, the available performance picture is mixed in horizon terms: short-term resilience is visible, while medium- and long-term judgment is still premature because the scheme is new.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Bandhan Gold ETF 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 Gold ETF FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Gold and Silver Passive FoF Direct Growth Plan | Data not available | Data not available | Data not available |
| HSBC Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Bandhan Silver ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| The Wealth Company Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan | Data not available | 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 limited recent numbers, the fund has been steadier than the benchmark over 1 month and 3 months, but the peer set does not offer usable 1-year, 3-year or 5-year figures for a deeper return comparison. That means the short-term edge is visible, while the longer-term peer picture remains incomplete. For a new scheme, that gap is important because recent behaviour can look supportive without yet proving how the fund will hold up over time.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Bandhan Gold ETF | Domestic Mutual Funds Units – Gold | 100.01% |
The portfolio is fully concentrated in a single disclosed holding, Bandhan Gold ETF, which means the scheme’s exposure is very focused. With only one holding disclosed and a weight of 100.01%, the fund’s return profile may be highly influenced by movements in that underlying gold ETF.
That concentration also means there is no visible diversification across multiple positions in the disclosed portfolio. Because the top holdings table contains just one row and the combined disclosed weight is effectively the full portfolio, the scheme’s behaviour may depend on a single instrument rather than on a spread of independent positions.
For investors, this is a very clear structure: the fund is a one-asset wrapper around gold ETF exposure. That can be useful if the goal is targeted gold allocation, but it also means the outcome is unlikely to be cushioned by a broader basket of holdings.
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk and want a focused gold-linked allocation rather than a diversified equity-style scheme. The short-term return pattern has been better than the benchmark, but the scheme is new, so there is no long record to lean on for medium- or long-term behaviour.
It suits an investor with a longer holding horizon and a clear purpose for the allocation, such as adding a thematic diversifier to an existing portfolio. The main trade-off is concentration: the portfolio is built around one disclosed holding, so the outcome may be more dependent on that single exposure than on broad diversification.
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: 0.25% if units are sold on or before 15 days. No exit load applies after 15 days.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Gold ETF FOF Direct Growth Plan?
The current NAV is ₹9.8935 as of 16 Sep 2026.
How has Bandhan Gold ETF FOF Direct Growth Plan performed over 1 year, 3 years and 5 years?
The scheme has no usable 1-year, 3-year or 5-year return history yet because it was launched on 23 Jan 2026. The available recent figures are 1M at -1.12% and 3M at 1.38%.
How does the fund compare with its benchmark?
The fund has been ahead of the benchmark over the available short windows. It was less negative than the benchmark over 1 month and positive over 3 months while the benchmark remained negative.
How does it compare with the listed peer funds?
The peer table does not provide usable 1-year, 3-year or 5-year figures for comparison. On the available short-term numbers, the fund has shown a steadier recent pattern than the benchmark, but a full peer comparison is not possible from the currently available return history.
What is the minimum SIP for this fund?
The minimum SIP is ₹100.
Who manages the fund and what is the exit load?
Abhishek Jain manages the fund. The exit load is 0.25% if units are sold on or before 15 days, and there is no exit load after 15 days.
Bottom line
Bandhan Gold ETF FOF Direct Growth Plan looks like a narrow, theme-led allocation with a High Risk profile and a fully concentrated disclosed portfolio. Its recent short-window performance has been better than the benchmark, but the scheme is new, so longer-horizon judgment is still not available. For investors who want a focused gold-linked sleeve and can accept concentration, the structure is clear. For anyone seeking broad diversification or a long performance record, the current history is too limited to treat it as a complete core holding.
Published on 17 September 2026 at 2:17 PM 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.