Bandhan Nifty Alpha Low Volatility 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 Alpha Low Volatility 30 Index Fund Direct Growth Plan is at a NAV of ₹9.8747 as of 15 September 2026, with scheme AUM of ₹9 Cr. Its 1-year, 3-year and 5-year returns are -3.48%, 0% and 0%, and the fund sits in the High Risk category. On the numbers available, our view is that this is a niche index strategy that has struggled over the last year and has only a short operating history, so it suits investors who can tolerate sharp swings and who want to study the factor exposure rather than expect smooth near-term outcomes.
The recent return pattern is weaker than the benchmark, but the portfolio is built around a 30-stock basket with a clear concentration in a handful of names. That can make performance move differently from the broad market, which is useful only if an investor is comfortable with a more specific market style.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.8747 as of 15 Sep 2026 |
| AUM | ₹9 Cr |
| Expense Ratio | 0.25% |
| Launch Date | 23 Jan 2025 |
| 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 | -5.83% | -4.81% |
| 3M | -1.18% | -3.63% |
| 1Y | -3.48% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The fund has been more resilient than the benchmark over the 1-year period, but the recent one-month figure shows a sharper slip than the benchmark. That mix suggests the strategy has not moved in a straight line: there has been some recovery after earlier weakness, yet short-term pressure is still visible. For an index fund, that is important because investors often expect the tracking style to be relatively steady.
The 3-month return is less negative than the benchmark, which tells us the fund held up better over that window. Even so, the 1-year return remains in negative territory, so the recent improvement has not yet reversed the broader one-year decline. Our read is that the fund has shown patchy stabilisation rather than a clean trend break.
There is no usable 3-year or 5-year return history here, so the long-run picture is not established yet. That matters for a product launched in 2025 because short histories can look encouraging or weak depending on the exact market phase. At this stage, the evidence is better suited to judging recent behaviour than to making a long-cycle assessment.
Against the benchmark, the fund is ahead on 3-month and 1-year returns, but behind on 1-month. So the comparison is mixed, not uniformly better or worse. For investors, that usually means the strategy may be more dependent on the specific market window than on broad-market direction alone.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Bandhan Nifty Alpha Low Volatility 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 Alpha Low Volatility 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan | -3.48% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | 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, the fund trails every peer in this comparison group, with the gap especially wide versus the stronger sector and thematic funds. That said, the comparison is not a clean verdict on the strategy because several peers have unavailable medium-term figures, while the current fund itself does not yet have 3-year or 5-year history. The short-term picture is clearly softer than the better-performing peers, but the absence of longer histories for this fund leaves the overall comparison incomplete.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Torrent Pharmaceuticals Limited | Healthcare | 4.63% |
| Bajaj Auto Limited | Automobile & Ancillaries | 4.16% |
| Apollo Hospitals Enterprise Limited | Healthcare | 3.97% |
| Nestle India Limited | FMCG | 3.94% |
| NTPC Limited | Power | 3.87% |
| ICICI Bank Limited | Bank | 3.86% |
| Marico Limited | FMCG | 3.86% |
| Hindalco Industries Limited | Non – Ferrous Metals | 3.81% |
| Grasim Industries Limited | Diversified | 3.69% |
| The Federal Bank Limited | Bank | 3.69% |
The top 10 holdings account for approximately 39.48% of the portfolio.
To see all holdings, visit the Bandhan Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan page
The largest holding is Torrent Pharmaceuticals Limited at 4.63%, so no single stock dominates the basket on its own, but it still has the greatest influence among the visible names. The drop from the first holding to the tenth is modest rather than steep, moving from 4.63% to 3.69%, which suggests the top slice is fairly tightly grouped.
That said, the top 10 still make up 39.48% of the portfolio, which is meaningful concentration for a 30-holding index fund. The remaining weight is spread across another 20 disclosed holdings, so the portfolio is not entirely dependent on the first few positions. Our read is that the structure may balance a defined factor tilt with a longer tail of smaller positions, rather than concentrating heavily in only a handful of names.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk and who can stay invested through uneven short-term performance. The 1-year figure is negative, while the 3-month period is less weak than the benchmark, so the near-term path has not been smooth. The lack of 3-year and 5-year history means the fund is better viewed as a newer strategy than as a long-established track record.
It may suit a longer horizon investor who wants an index-based exposure with a factor-driven portfolio, rather than a plain market-cap basket. The main trade-off is that the fund can behave differently from the broad market and may lag at times, even when the benchmark is also under pressure. Investors who need consistency over short periods may find that difficult to accept.
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% on or before 15D, Nil after 15D.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan?
The current NAV is ₹9.8747 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is -3.48%, while the 3-year and 5-year returns are both Data not available.
How has the fund performed versus Nifty 50?
It has done better than Nifty 50 over 3 months and 1 year, but weaker over 1 month.
How does it compare with the peer funds shown here?
Its 1-year return is below the peer funds listed here, while longer-term comparison is limited because this fund does not yet have 3-year or 5-year history.
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 15 days, and nil after 15 days.
Bottom line
Bandhan Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan has a mixed early record: the recent 1-year figure is negative, but the 3-month period has been less weak than the benchmark. Peer comparison on the available 1-year figures is also softer than the peers shown here, while the lack of longer history means the full picture is still developing. The portfolio has a 30-stock structure with moderate concentration in the leading holdings, so it may suit investors who are comfortable with a factor-based index approach and can accept short-term unevenness.
Published on 16 September 2026 at 9:40 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.