Bandhan Aggressive Hybrid Passive FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan has a NAV of ₹54.4035 as of 04 Sep 2026 and a scheme AUM of ₹22 Cr. Its 1-year, 3-year and 5-year returns are 10.72%, 13.56% and 10.69% respectively, and the fund is tagged High Risk. Our view is that this is a fund for investors who can stay patient through uneven stretches, because the long-term record is steadier than the latest month-to-month swings, while the portfolio stays tightly focused on a few underlying exposures.

The mix of a passive fund-of-funds structure, a concentrated holding pattern and benchmark-beating medium- and long-term returns makes it more suitable for an informed investor with a higher risk tolerance and a longer holding period. The recent path is less smooth than the 3-year and 5-year numbers suggest, so the appeal is not in consistency from one short window to the next, but in the way the longer record has held up relative to the benchmark.

Quick facts

Particular	Details
NAV	₹54.4035 as of 04 Sep 2026
AUM	₹22 Cr
Expense Ratio	0.48%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	Nil upto 10% of investment and 1% for remaining investment on or before 365D, Nil after 365D
Fund Managers	Karthik Kumar

The fund is managed by Karthik Kumar.

Source data date: as of 04 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.75%	-2.95%
3M	3.37%	2.27%
1Y	10.72%	-4.43%
3Y	13.56%	5.88%
5Y	10.69%	6.29%

The recent numbers are better than the benchmark across every listed period, but the gap is most striking over 1 year, where the fund stayed positive while the benchmark was negative. That tells us the scheme has been able to defend returns better than the index in the latest cycle, even though the path has not been perfectly smooth.

The 3-year and 5-year figures matter more for judging the compounding pattern, and they are still comfortably ahead of the benchmark. The 3-year return of 13.56% and 5-year return of 10.69% indicate that the fund has kept a useful long-term edge, rather than relying only on a short burst of outperformance.

The one-month and three-month figures suggest some near-term movement around the trend, which is visible in the ups and downs of the underlying return path. Even so, the longer record has not broken down, so our read-through is that recent volatility has been manageable rather than structurally damaging.

For investors, the key point is that this scheme has shown a clearer long-term advantage than a short-term smooth ride. That combination can suit a patient allocation, but it also means the fund is not built to feel stable in every market phase.

Source data date: as of 04 Sep 2026

Should you BUY or HOLD Bandhan Aggressive Hybrid Passive FOF?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan	10.72%	13.56%	10.69%
Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan	57.33%	27.94%	11.59%
HSBC Global Emerging Markets Fund Direct Growth Plan	54%	27.91%	12.09%
Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan	46.57%	25.72%	12.1%
HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan	39.67%	26.53%	14.96%
HSBC Brazil Fund Direct Growth Plan	37.9%	15.18%	9.13%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The current fund’s 1-year return is far below the highest figures in this peer set, but the comparison changes when we look at the medium and longer windows. Its 3-year return is lower than the stronger peer outcomes available here, while its 5-year result sits in the same general band as several of these funds rather than trailing sharply.

That mix suggests the fund’s recent one-year showing does not carry the same momentum as the leading peer numbers, yet the longer-term record remains respectable. In our view, the short-term peer comparison and the 5-year comparison tell different stories: the recent window looks modest beside the strongest peers, but the long-range picture is more balanced.

Source data date: as of 04 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Bandhan Nifty Midcap 150 Index Fund-Direct PL-GRTH	Domestic Mutual Funds Units	78.43%
Bandhan CRISIL Ibx 9:1 SDL PS Gilt Apr 32 DR GR	Domestic Mutual Funds Units	10.31%
Bandhan CRISIL Ibx Gilt Apr 28 Index FD DR PL GR	Domestic Mutual Funds Units	10.28%
Triparty Repo TRP_030826	Cash & Cash Equivalents and Net Assets	0.89%

The largest holding is 78.43%, so the fund’s outcome is likely to be driven mainly by that single underlying position. The next two holdings are far smaller at a little over 10% each, which means the weight drops sharply after the first line item rather than tapering gradually.

Because only four holdings are disclosed and the top four already account for 99.91% of the portfolio, the structure looks highly concentrated. That does not automatically make it weak, but it does mean the fund may behave more like a focused basket of underlying exposures than a widely spread portfolio.

For investors, the practical takeaway is that this concentration may increase the importance of the larger underlying fund’s path, while the small cash and repo allocation is unlikely to offset much short-term movement. The disclosed holdings therefore point to a portfolio where a few positions could have greater influence on returns.

Source data date: as of 04 Sep 2026

Who should invest

This fund is better suited to investors who can tolerate High Risk and stay invested for a longer horizon. The 1-year, 3-year and 5-year returns show that the fund has been able to outpace the benchmark over time, but the shorter windows also show that the journey is not linear.

Our view is that it fits an investor who is comfortable with a fund-of-funds structure and a concentrated portfolio profile. The main trade-off is that the fund has stronger long-term evidence than short-term smoothness, so patience is important if the allocation is meant to work over several years rather than a few months.

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: Nil upto 10% of investment and 1% for remaining investment on or before 365D, Nil after 365D.

Source data date: as of 04 Sep 2026

Frequently asked questions

What is the current NAV of Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan?
The current NAV is ₹54.4035 as of 04 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 10.72%, its 3-year return is 13.56%, and its 5-year return is 10.69%.

How does it compare with the benchmark?
It has outpaced the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The difference is clearest over the 1-year, 3-year and 5-year periods.

How does it compare with the peer funds listed here?
Its 1-year return is much lower than the strongest peer figures shown here, while its 3-year result is also below the highest peer outcomes. The 5-year return is more in line with several peers than the short-term numbers suggest.

Does the fund have a minimum SIP requirement?
Yes, the minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Karthik Kumar. The exit load is nil up to 10% of investment if units are sold on or before 365D, and 1% on the remaining investment on or before 365D; there is no exit load after 365D.

Bottom line

Bandhan Aggressive Hybrid Passive FOF Direct Growth Plan shows a mixed but workable picture: the shorter windows are uneven, yet the 3-year and 5-year results remain ahead of the benchmark. Against peers, the recent one-year return is modest, but the longer-term record is not out of step with the broader set. The fund’s High Risk label and concentrated portfolio mean it is not a steadiness-first choice. It may suit investors who value a focused structure and are willing to let the longer-term compounding story play out.

Published on 5 September 2026 at 5:26 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.