{"id":242958,"date":"2026-09-11T10:05:35","date_gmt":"2026-09-11T04:35:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/"},"modified":"2026-09-11T10:05:35","modified_gmt":"2026-09-11T04:35:35","slug":"bandhan-multi-asset-passive-fof-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/","title":{"rendered":"Bandhan Multi-Asset Passive FOF- Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-multi-asset-passive-fof-g-direct-plan\">Bandhan Multi-Asset Passive FOF- Direct Growth Plan<\/a> has a NAV of \u20b945.2474 as of 10 Sep 2026 and a scheme AUM of \u20b920 Cr. Its 1-year, 3-year and 5-year returns are 4.12%, 9.72% and 8.29% respectively, and the scheme sits in the High Risk category. Our view is that it fits investors who can accept sharp swings in the short term in exchange for a diversified, multi-asset structure and a steadier longer-run outcome than the latest one-year period suggests.<\/p>\n<p>The fund has not moved in a straight line, but its 3-year and 5-year numbers are firmer than the 1-year outcome. That combination makes it more suitable for investors with a longer horizon who can tolerate periods of weaker relative momentum.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Bandhan_Multi-Asset_Passive_FOF\" title=\"Should you BUY or HOLD Bandhan Multi-Asset Passive FOF-?\">Should you BUY or HOLD Bandhan Multi-Asset Passive FOF-?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-multi-asset-passive-fof-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b945.2474 as of 10 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b920 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.41%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Fund of Fund<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 10% of investment and 1% for remaining investment on or before 365D, Nil after 365D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Karthik Kumar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Karthik Kumar.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-2.06%<\/td>\n<td>-4.06%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>2.77%<\/td>\n<td>1.37%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>4.12%<\/td>\n<td>-7.31%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>9.72%<\/td>\n<td>6.07%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>8.29%<\/td>\n<td>5.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Recent behaviour has been mixed, but not weak across every timeframe. Over 1 month the fund was still negative, though it fell less than the benchmark, and the 3-month period turned positive with a clear edge over the index. That tells us the fund has recovered from short bursts of pressure better than the benchmark in the near term.<\/p>\n<p>The 1-year figure is more important for the current picture. At 4.12%, the fund is positive while the benchmark is negative, which supports the idea that its asset mix has been more resilient over the last year. This is helpful for multi-asset investors, because it suggests the scheme has not simply depended on equity beta to deliver returns.<\/p>\n<p>The longer record is steadier. The 3-year return of 9.72% and the 5-year return of 8.29% both stay ahead of the benchmark\u2019s 6.07% and 5.91%. That gap is not dramatic, but it does show that the fund has compounded better than the index over medium and long horizons. For us, the main takeaway is that the fund\u2019s recent path has improved without fully changing the longer-term story of moderate but consistent compounding.<\/p>\n<p>Its time pattern also suggests some volatility along the way rather than a smooth climb. For an investor, that means the scheme may suit a patient allocation more than a short trading-style holding, especially if the goal is to combine different asset exposures in one structure.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Bandhan_Multi-Asset_Passive_FOF\"><\/span>Should you BUY or HOLD Bandhan Multi-Asset Passive FOF-?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Bandhan Multi-Asset Passive FOF-? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-multi-asset-passive-fof-g-direct-plan\">Bandhan Multi-Asset Passive FOF- Direct Growth Plan<\/a><\/td>\n<td>4.12%<\/td>\n<td>9.72%<\/td>\n<td>8.29%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/edelweiss-emerging-markets-opp-eq-offshore-fund-g-direct-plan\">Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan<\/a><\/td>\n<td>55.7%<\/td>\n<td>29.52%<\/td>\n<td>11.97%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-global-emerging-markets-fund-g-direct-plan\">HSBC Global Emerging Markets Fund Direct Growth Plan<\/a><\/td>\n<td>52.99%<\/td>\n<td>29.63%<\/td>\n<td>12.76%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-global-emerging-market-overseas-equity-active-fof-g-direct-plan\">Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan<\/a><\/td>\n<td>46%<\/td>\n<td>27.35%<\/td>\n<td>12.66%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-asia-pacific-ex-japan-dyf-g-direct-plan\">HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan<\/a><\/td>\n<td>39.66%<\/td>\n<td>28.4%<\/td>\n<td>15.47%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-brazil-fund-g-direct-plan\">HSBC Brazil Fund Direct Growth Plan<\/a><\/td>\n<td>36.09%<\/td>\n<td>16.75%<\/td>\n<td>9.97%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the return snapshot, the fund trails the peer set on 1-year performance by a wide margin, while the listed peers have much stronger short-term gains. That means its current-year momentum is clearly more subdued than the overseas equity-oriented funds in this comparison.<\/p>\n<p>The longer view is more balanced. The fund\u2019s 3-year return of 9.72% is far below the peer group\u2019s 3-year figures, but its 5-year return of 8.29% is still respectable for a diversified multi-asset structure. In our view, the short-term and long-term peer stories are different: it has not matched the recent growth of those peers, yet it has still delivered positive compounding over a longer stretch.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bandhan CRISIL Ibx 9:1 SDL PS Gilt Apr 32 DR GR<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>12.11%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Nifty 500 Momentum 50 Index Fund DR GR<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>11.82%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Gold ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>11.33%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Silver ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Silver<\/td>\n<td>11.22%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Nifty 500 Value 50 Index Fund DR GR<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>8.87%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Nifty Smallcap 250 Index Fund DR PL GRW<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>8.82%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Nifty Next 50 Ind Fund Direct PL Growth<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>6.1%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Nifty 200 Quality 30 Index Fund &#8211; DR GR<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>6.08%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Prudential Gold ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>5.99%<\/td>\n<\/tr>\n<tr>\n<td>Bandhan Nifty Midcap 150 Index Fund-Direct PL-GRTH<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>5.93%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is 12.11%, so no single position dominates the portfolio outright. The tenth holding is still 5.93%, which means the weight drops by a little over six percentage points from the top position to the end of the displayed list.<\/p>\n<p>That spread suggests a fairly even layering across several building blocks rather than extreme concentration in one instrument. Because the top 10 holdings together account for approximately 88.27% of the portfolio and the scheme discloses 12 holdings in total, the visible portfolio appears concentrated in a relatively small set of core exposures, even though those exposures themselves are diversified across equity styles, index funds and precious-metals funds.<\/p>\n<p>This structure may make returns depend on how several underlying passive sleeves perform together. It could also mean the fund\u2019s profile changes when equity, debt-like, and commodity-linked components move differently, which fits the broader multi-asset idea behind the scheme.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-multi-asset-passive-fof-g-direct-plan\">Bandhan Multi-Asset Passive FOF- Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who can live with High Risk exposure and still hold through periods when short-term numbers lag. The 3-year and 5-year returns are stronger than the 1-year figure, so a medium-to-long horizon is more appropriate than a short holding period.<\/p>\n<p>The main trade-off is that the scheme has lagged the benchmark and listed peers on recent 1-year momentum, even though it has stayed ahead of the benchmark over 3 years and 5 years. That makes it more relevant for investors looking for diversified multi-asset participation and steadier longer-term compounding than for those chasing the strongest near-term gains.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: Nil up to 10% of investment and 1% for the remaining investment on or before 365 days; no exit load after the holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Bandhan Multi-Asset Passive FOF- Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b945.2474 as of 10 Sep 2026.<\/p>\n<p><strong>What are the 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s 1-year return is 4.12%, its 3-year return is 9.72%, and its 5-year return is 8.29%.<\/p>\n<p><strong>How has it performed against the benchmark?<\/strong><br \/>It has beaten the NIFTY 50 over 1 year, 3 years and 5 years. The benchmark\u2019s returns for those periods are -7.31%, 6.07% and 5.91%.<\/p>\n<p><strong>How does it compare with the peer funds listed here?<\/strong><br \/>Its 1-year return is well below the peer funds listed here, while its 3-year and 5-year figures are also lower than the stronger peers. It still shows positive medium-term and long-term compounding.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>Karthik Kumar manages the fund. The exit load is nil up to 10% of investment and 1% for the remaining investment on or before 365 days, with no exit load after the holding period.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bandhan Multi-Asset Passive FOF- Direct Growth Plan has a weaker 1-year showing than its longer-term record, but the 3-year and 5-year numbers still point to positive compounding and a better outcome than the benchmark over those periods. Against the listed peers, it looks subdued on recent performance, yet its multi-asset mix and High Risk label make it a different kind of holding from the more momentum-driven peers. The portfolio is spread across several passive sleeves, with no single dominant position, which supports its diversification story.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 11 September 2026 at 10:04 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Bandhan Multi-Asset Passive FOF- Direct Growth Plan\",\"identifier\":\"bandhan-multi-asset-passive-fof-g-direct-plan\",\"category\":\"Fund of Fund\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":45.2474,\"valueReference\":\"as of 10 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"20 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.41\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":4.12},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":9.72},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":8.29},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Karthik Kumar\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Bandhan Multi-Asset Passive FOF- Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b945.2474 as of 10 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 4.12%, its 3-year return is 9.72%, and its 5-year return is 8.29%.\"}},{\"@type\":\"Question\",\"name\":\"How has it performed against the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the NIFTY 50 over 1 year, 3 years and 5 years. The benchmark\u2019s returns for those periods are -7.31%, 6.07% and 5.91%.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is well below the peer funds listed here, while its 3-year and 5-year figures are also lower than the stronger peers. It still shows positive medium-term and long-term compounding.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Karthik Kumar manages the fund. The exit load is nil up to 10% of investment and 1% for the remaining investment on or before 365 days, with no exit load after the holding period.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bandhan Multi-Asset Passive FOF- Direct Growth Plan has a NAV of \u20b945.2474 as of 10 Sep 2026, AUM of \u20b920 Cr, and 1Y\/3Y\/5Y returns of 4.12%\/9.72%\/8.29%.<\/p>\n","protected":false},"author":38,"featured_media":242955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-242958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["242955"],"rank_math_title":["Bandhan Multi-Asset Passive FOF NAV &amp; Returns Review"],"rank_math_description":["Bandhan Multi-Asset Passive FOF- Direct Growth Plan NAV is \u20b945.2474 as of 10 Sep 2026; 1Y return is 4.12% and 5Y return is 8.29%."],"rank_math_focus_keyword":["Bandhan Multi-Asset Passive FOF- Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Bandhan_Multi_Asset_Passive_FOF_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=242958"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/242955"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=242958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=242958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=242958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}