Bandhan Nifty IT Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Nifty IT Index Fund Direct Growth Plan is a sector index fund with a current NAV of ₹9.927 as of 17 Sep 2026 and scheme AUM of ₹34 Cr. Its 1-year, 3-year and 5-year returns are -18.44%, -2.51% and 0% respectively, and the fund sits in the High Risk category.
Our view is that this fund fits investors who are comfortable with sharp swings and want a focused IT-sector allocation rather than broad market exposure. The portfolio is heavily tilted to a small set of large IT names, so the outcome can differ meaningfully from a diversified equity fund when the sector moves in or out of favour.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.927 as of 17 Sep 2026 |
| AUM | ₹34 Cr |
| Expense Ratio | 0.37% |
| Launch Date | 31 Aug 2023 |
| 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 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.53% | -3.66% |
| 3M | 2.53% | -3.71% |
| 1Y | -18.44% | -7.13% |
| 3Y | -2.51% | 5.82% |
| 5Y | Data not available | Data not available |
The near-term picture is mixed. Over 1 month, the fund and its benchmark both slipped, with the fund slightly ahead of the benchmark on a relative basis. Over 3 months, the fund recovered while the benchmark fell, which tells us the gap can open and close quickly in this strategy.
The longer view is weaker. The 1-year return is clearly negative and trails the benchmark by a wide margin, while the 3-year return is also below the benchmark’s positive result. That combination points to a fund that has not delivered steady compounding through the full period and has remained vulnerable to sector-level weakness.
The short-term recovery does not erase the broader pattern. The 1-year path shows a deep drawdown followed by a partial rebound, and the 3-year path still looks uneven rather than smooth. For an index fund tied to a single sector, that behaviour is not unusual, but it does mean returns can diverge sharply from a broader market benchmark.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Bandhan Nifty IT 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 IT Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Nifty IT Index Fund Direct Growth Plan | -18.44% | -2.51% | 0% |
| 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 recent 1-year return sits well below the comparison group with available figures, while the 3-year figure is also softer than the stronger long-term results seen in some peers. The gap is especially visible against funds that have delivered positive 1-year outcomes. At the same time, the fund’s own shorter-term rebound is better than its 1-year and 3-year numbers suggest, so the comparison is not one-dimensional.
What matters most is that the peer set tells two different stories: some sector-focused funds have benefited from strong recent momentum, while this IT fund has remained under pressure over a fuller horizon. That makes the fund look less compelling on recent and medium-term return data, even though its shorter-term behaviour has improved from the deeper weakness seen earlier.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Infosys Limited | IT | 28.95% |
| Tata Consultancy Services Limited | IT | 20.32% |
| HCL Technologies Limited | IT | 11.47% |
| Tech Mahindra Limited | IT | 10.55% |
| Coforge Limited | IT | 7.05% |
| Persistent Systems Limited | IT | 6.21% |
| Wipro Limited | IT | 5.1% |
| LTM Limited | IT | 4.3% |
| Mphasis Limited | IT | 3.28% |
| Oracle Financial Services Software Limited | IT | 3.05% |
The largest holding, Infosys Limited, has a weight of 28.95%, which is large enough to shape how the fund behaves when that stock moves. The drop from the first holding to the tenth is steep, with the tenth position at 3.05%, so the portfolio’s influence is not evenly spread across the list.
The displayed holdings account for 100% of the portfolio across 10 disclosed positions, so the structure is very concentrated and simple to read. Because every holding is in IT, the fund’s return pattern is likely to remain closely tied to that single sector rather than to broader style or market-cap diversification. That concentration may amplify both upside and downside when the sector moves.
For investors, the key point is that this is not a wide, blended equity basket. A few large names may have greater influence on outcomes, and the rest of the portfolio quickly tapers into smaller weights. That makes the fund more sensitive to sector sentiment and company-level moves inside IT.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with a concentrated IT-sector exposure. The return pattern shows that short stretches can improve, but the 1-year and 3-year figures have both been weak, which means the investment case depends on accepting uneven performance along the way.
The main trade-off is clear: you get focused participation in IT stocks, but you also accept the risk that a single sector can lag the broader market for long periods. A longer investment horizon is more suitable than a short one, because the fund’s behaviour has not been smooth enough for investors seeking steady outcomes.
Relative to the benchmark, the fund has underperformed over the longer measured periods, while some peers have shown much stronger recent momentum. That makes it better suited to investors who already want sector concentration and can live with return swings rather than those who want a core equity holding.
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 17 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Nifty IT Index Fund Direct Growth Plan?
The current NAV is ₹9.927 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -18.44%, the 3-year return is -2.51%, and the 5-year return is 0%.
How does the fund compare with its benchmark?
It has lagged the benchmark over 1 year and 3 years, although the 1-month and 3-month moves have been closer to the benchmark’s path. That makes the longer trend weaker than the recent rebound.
How does it compare with the peer funds listed here?
Its recent and medium-term returns are softer than several of the peer funds shown, especially those with strong positive 1-year performance. The peer set also shows that some sector-focused funds have had a much stronger momentum backdrop.
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
Bandhan Nifty IT Index Fund Direct Growth Plan has had a weak longer-term return profile, even though the short-term pattern has improved from deeper lows. It also trails the benchmark over 1 year and 3 years, while the peer set includes several funds with much stronger recent returns. The portfolio is tightly concentrated in IT names, led by a large Infosys position, so the fund is best viewed as a focused sector exposure for investors who can handle sharp swings and uneven performance.
Published on 18 September 2026 at 9:23 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.