Bandhan Nifty 500 Momentum 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Nifty 500 Momentum 50 Index Fund Direct Growth Plan has a NAV of ₹9.1905 as of 11 Sep 2026 and scheme AUM of ₹37 Cr. Its 1-year, 3-year and 5-year returns are 6.21%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a momentum-led index fund suited to investors who can accept sharp swings and do not need a long track record to assess consistency.
The appeal is simple: low-cost index exposure with a focused momentum strategy, but the fund is still very young, having launched on 29 Oct 2024. The current return record is modest against a weak benchmark stretch, so investors should treat it as a higher-volatility equity allocation rather than a stability anchor.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.1905 as of 11 Sep 2026 |
| AUM | ₹37 Cr |
| Expense Ratio | 0.36% |
| Launch Date | 29 Oct 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 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.08% | -3.66% |
| 3M | 1.95% | -1.91% |
| 1Y | 6.21% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been better than the benchmark across every available window. Over 1 month the fund was slightly positive while the benchmark was weak, and over 3 months it held on to a small gain even as the benchmark stayed in negative territory. That suggests the momentum approach has been doing a better job of avoiding the weaker end of the market in the short run.
The 1-year return is also positive at 6.21%, while the benchmark is down 7.62% over the same period. That gap is meaningful, but it should be read in the context of the fund’s short operating history and the benchmark’s own weakness. We would treat the 1-year figure as evidence that the strategy has worked in the recent cycle, not as proof of long-term resilience.
The fund does not yet have 3-year or 5-year performance history, so there is no long-run compounding record to compare with the benchmark. This matters because momentum strategies can look strong in favourable periods and then move differently when market leadership changes. For investors, the key question is whether the current short-term edge can be tolerated alongside the possibility of sharper reversals later.
On the available numbers, the fund is ahead of the benchmark in each measured period. The more useful distinction is that the recent pattern shows upside capture in a weak market phase, while the missing longer history leaves the durability of that edge untested.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Bandhan Nifty 500 Momentum 50 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 500 Momentum 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Nifty 500 Momentum 50 Index Fund Direct Growth Plan | 6.21% | Data not available | Data not available |
| 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. Against the peer set available here, the fund’s 1-year return is much lower than the strongest short-term numbers, even though it still outpaces its benchmark. The longer-horizon comparison is less conclusive because most peers in this set also do not have 3-year or 5-year figures available, while one peer shows a much stronger 3-year record. That means the short-term story is clearly visible, but the long-term comparison remains incomplete.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | Finance | 5.73% |
| LAURUS LABS LIMITED | Healthcare | 5.66% |
| SHRIRAM FINANCE LIMITED | Finance | 5.21% |
| HINDALCO INDUSTRIES LIMITED | Non – Ferrous Metals | 4.98% |
| CUMMINS INDIA LIMITED | Automobile & Ancillaries | 4.4% |
| GE VERNOVA T&D INDIA LIMITED | Capital Goods | 4.21% |
| ADANI POWER LIMITED | Power | 4.12% |
| BSE LIMITED | Finance | 4.04% |
| THE FEDERAL BANK LIMITED | Bank | 3.78% |
| BHARAT HEAVY ELECTRICALS LIMITED | Capital Goods | 3.47% |
The largest holding is Multi Commodity Exchange of India Limited at 5.73%, so no single stock dominates the portfolio on its own. The tenth holding still sits at 3.47%, which shows a fairly gradual fall in weight rather than a steep drop from the top name to the rest of the list.
The top 10 holdings account for approximately 45.6% of the portfolio, and there are 41 disclosed holdings in total. That combination suggests a portfolio that is spread across a broad set of positions, but with a meaningful core in the largest names. In our view, the top holdings are likely to have greater influence on short-term outcomes than the long tail, while still leaving room for other positions to matter over time.
To see all holdings, visit the Bandhan Nifty 500 Momentum 50 Index Fund Direct Growth Plan page
Source data date: as of 11 Sep 2026
Who should invest
This fund fits investors who can tolerate High Risk equity exposure and are comfortable with a strategy that may move differently from the broader market. The short history is already showing that it can outperform a weak benchmark in recent periods, but the absence of a long 3-year or 5-year record means the stability of that edge is still unproven.
An investor with a multi-year horizon and a preference for index-based equity exposure may find it useful as part of a diversified allocation, especially if they are willing to accept momentum-driven ups and downs. The main trade-off is clear: the strategy may deliver better upside in favourable market phases, but it can also behave unevenly when leadership changes.
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; nil after 15 days.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Nifty 500 Momentum 50 Index Fund Direct Growth Plan?
The current NAV is ₹9.1905 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.21%, while the 3-year and 5-year returns are not available yet.
How has the fund performed versus its benchmark?
It has outperformed the benchmark in every available period shown here. The 1-year return is 6.21% versus -7.62% for the benchmark, and the 1-month and 3-month figures are also ahead.
How does it compare with the peer funds listed here?
Its 1-year return is lower than the strongest peer numbers shown here, but it still compares better than the benchmark. Longer-horizon comparison is limited because most peer entries do not have 3-year or 5-year figures available.
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% if units are sold on or before 15 days, and nil after 15 days.
Bottom line
This fund has shown a better short-term return profile than its benchmark, but it still lacks a long operating history, so the longer-term picture is not yet established. Compared with the peer set available here, its 1-year number is modest, though the benchmark comparison is clearly favourable. The portfolio is spread across 41 holdings, with the largest positions carrying noticeable but not overwhelming weight. That combination makes it more suitable for investors who accept High Risk equity exposure and want a momentum-led index strategy with a multi-year horizon.
Published on 15 September 2026 at 3:29 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.