Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Plan has a NAV of ₹15.1765 as of 16 Sep 2026 and manages ₹123 Cr in assets. Its 1-year, 3-year and 5-year returns are -4.19%, 8.76% and 0%, and the scheme is tagged High Risk.
Our view is that this fund suits investors who are comfortable with sharp swings and want a momentum-led index strategy rather than a steadier diversified equity approach. The recent 1-year decline has been softer than the benchmark, while the 3-year trend remains positive, so the fund has shown a mixed but not one-dimensional path.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹15.1765 as of 16 Sep 2026 |
| AUM | ₹123 Cr |
| Expense Ratio | 0.42% |
| Launch Date | 02 Sep 2022 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Abhishek Jain, Mayuresh Nagvekar |
The fund is managed by Abhishek Jain and Mayuresh Nagvekar.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.69% | -4.41% |
| 3M | -4.62% | -3.60% |
| 1Y | -4.19% | -7.76% |
| 3Y | 8.76% | 5.74% |
| 5Y | Data not available | Data not available |
The shorter windows point to a weak recent stretch. The fund has declined over 1 month, 3 months and 1 year, and the 1-year fall is less severe than the benchmark’s drop, which means it has held up better than the benchmark in the latest one-year period even though both have been negative.
The 3-year record is more constructive. The fund’s 3-year return is ahead of the benchmark, and the longer trend in the price path looks choppy but upward over time rather than steadily compounding in a straight line. That pattern is typical of a momentum-led strategy: gains can be meaningful when the market’s leadership stays supportive, but the path can be uneven when that leadership changes.
Because the 5-year figure is not available, we cannot use a longer trailing window to judge full-cycle consistency. Even so, the contrast between a negative 1-year showing and a positive 3-year return tells us the fund has not moved in a straight line. For investors, that means the recent softness should be read as part of a volatile return profile rather than as an isolated event.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Bandhan Nifty200 Momentum 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 Nifty200 Momentum 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Plan | -4.19% | 8.76% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return trails the strongest peer figures in this set, but the 3-year number is more competitive and even ahead of some peers that do not have a longer trailing figure available. That makes the comparison look split: the fund has not matched the sharp recent gains seen in several peers, yet its medium-term picture is more respectable than the weak one-year number alone suggests.
What stands out is that the short-term and longer-term comparisons tell different stories. Over 1 year, the peer range is clearly stronger; over 3 years, the current fund’s positive return is a useful counterweight to the recent weakness. We read that as a sign that the fund’s momentum focus can lead to periods of underperformance before the broader trend reasserts itself.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Laurus Labs Limited | Healthcare | 5.96% |
| Multi Commodity Exchange of India Limited | Finance | 5.86% |
| Shriram Finance Limited | Finance | 5.33% |
| Hindalco Industries Limited | Non – Ferrous Metals | 5.09% |
| Tata Steel Limited | Iron & Steel | 4.75% |
| Cummins India Limited | Automobile & Ancillaries | 4.5% |
| NTPC Limited | Power | 4.49% |
| Ge Vernova T&D India Limited | Capital Goods | 4.31% |
| Vedanta Limited | Non – Ferrous Metals | 4.3% |
| Adani Power Limited | Power | 4.22% |
The top 10 holdings account for approximately 48.81% of the portfolio.
To see all holdings, visit the Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Plan page
Its largest holding, Laurus Labs Limited, carries a weight of 5.96%, so no single stock dominates the portfolio on its own. The drop from the first holding to the tenth is modest rather than steep, which suggests the portfolio is built around a cluster of similarly weighted positions instead of one or two outsized bets.
At the same time, the top 10 holdings together make up 48.81% of the portfolio, so nearly half of the scheme is represented by this visible set of positions. With 30 disclosed holdings overall, the remaining positions form a longer tail that could still matter, but the visible structure points to a moderately concentrated portfolio rather than a broadly dispersed one.
That mix may mean several holdings can influence returns at the same time, especially when the momentum factor is working in favour of the same group of names. It could also mean the fund may shift noticeably if leadership changes across the industries represented at the top of the list.
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who can tolerate high volatility and are comfortable with a momentum-led equity style. The negative 1-year return shows that the ride can be rough, while the positive 3-year return indicates the strategy can recover when market leadership supports it.
A medium-to-long horizon is more appropriate than a short one, because the recent weakness and the stronger 3-year trend do not line up neatly. The main trade-off is that the fund may lag during quieter phases, but it can participate when the momentum theme is in favour.
Given the concentrated top holdings and the High Risk label, this is better viewed as a satellite-style equity allocation than a stability anchor. Investors who want smoother year-to-year outcomes may find the path uncomfortable, while those who can accept uneven returns may value the strategy’s upside potential.
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: No exit load
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Plan?
The current NAV is ₹15.1765 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -4.19%, its 3-year return is 8.76%, and its 5-year return is 0% in the reader-facing summary because a 5-year return is not available.
How has the fund performed versus the benchmark?
Over 1 year, the fund has done better than the benchmark because its decline is smaller. Over 3 years, it has also stayed ahead of the benchmark, which supports the case that the strategy has worked better over the medium term than in the recent stretch.
How does it compare with other peer funds on recent returns?
Its 1-year return is weaker than several peer figures shown here, while its 3-year return is more competitive and ahead of some peers for which a 3-year number is available. The comparison therefore looks mixed rather than one-sided.
Is there a minimum SIP amount?
Yes. 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. There is no exit load.
Bottom line
The fund’s recent performance has been weaker than its 3-year record, so the short-term and medium-term pictures do not match. Against the peer set, its latest return looks subdued, but the 3-year figure remains usable and supports the idea that the strategy can recover when momentum stays aligned. The portfolio is moderately concentrated at the top, and the High Risk label fits that profile. That makes the fund more suitable for investors who can live with uneven outcomes and prefer a momentum-led equity allocation.
Published on 17 September 2026 at 4:35 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.