Bandhan BSE India Sector Leaders Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bandhan BSE India Sector Leaders Index Fund Direct Growth Plan has a NAV of ₹9.3207 as of 16 September 2026 and scheme AUM of ₹25 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a concentrated sector-leaders index strategy that suits investors who can accept sharp swings and want exposure to a portfolio built around large, established businesses rather than a smooth short-term return path.

The fund is young, launched on 23 September 2025, so the return record is still limited. With a benchmark of Nifty 50, the recent numbers show a weak short-term patch, while the portfolio is still anchored by diversified large-cap names across banking, telecom, energy, infrastructure and IT.

Quick facts

Particular	Details
NAV	₹9.3207 as of 16 Sep 2026
AUM	₹25 Cr
Expense Ratio	0.25%
Launch Date	23 Sep 2025
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.41%	-4.41%
3M	-2.71%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term picture is uneven. Over one month, the fund slipped more than the benchmark, which suggests some near-term pressure in the sector mix. Over three months, it did a little better than the benchmark, so the recent weakness has not been a straight line lower.

Because the scheme was launched only in September 2025, the 1-year, 3-year and 5-year return fields do not yet offer a meaningful long-run record. That means investors should place more weight on the structure of the portfolio and the benchmark behaviour than on a mature performance history.

What stands out is that the fund has not yet built a long compounding track record, even though the underlying holdings are mostly well-known large companies. For now, the pattern is one of early-stage volatility rather than a settled return trend.

Against the benchmark, the fund looks slightly better over three months and slightly weaker over one month. That mixed pattern tells us the strategy can move differently from the index in the short run, but the evidence is still too fresh to call it consistently ahead or behind on a longer horizon.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Bandhan BSE India Sector Leaders 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bandhan BSE India Sector Leaders Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Nifty50 Equal Weight Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Nifty Energy Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
SBI CRISIL-IBX 10:90 Gilt+SDL Index-Dec 2029 Index Fund Direct Growth Plan	Data not available	Data not available	Data not available

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

On the available peer return fields, there is no usable long-term comparison because the figures are not available across the set. That leaves the current fund judged mainly on its own short history and structure rather than on a stable return comparison. In that context, the recent one-month weakness and three-month recovery matter more than peer placement, and the fund’s High Risk profile remains the key investor takeaway.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	5.36%
Bharti Airtel Limited	Telecom	4.92%
Reliance Industries Limited	Crude Oil	4.87%
Larsen & Toubro Limited	Infrastructure	4.83%
HDFC Bank Limited	Bank	4.53%
State Bank of India	Bank	4.51%
Infosys Limited	IT	4.03%
Mahindra & Mahindra Limited	Automobile & Ancillaries	3.05%
ITC Limited	FMCG	2.53%
Tata Consultancy Services Limited	IT	2.45%

The top 10 holdings account for approximately 41.08% of the portfolio.

To see all holdings, visit the Bandhan BSE India Sector Leaders Index Fund Direct Growth Plan page

ICICI Bank Limited is the largest holding at 5.36%, so no single position dominates the portfolio on its own. The gap from the first holding to the tenth is not extreme, but it is still wide enough to show that the fund spreads weight across a collection of large names rather than leaning almost entirely on one or two stocks.

The top 10 holdings together make up 41.08% of the portfolio, which suggests a meaningful tail beyond the visible leaders. With 60 disclosed holdings in total, the fund likely uses breadth to support the sector-leaders theme while still keeping the largest positions influential.

That mix may matter for behaviour in changing markets. The top names are likely to have greater influence on short-term moves, but the longer list of holdings can help prevent the portfolio from becoming overly dependent on a very small set of stocks.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can handle High Risk exposure and are comfortable with short-term fluctuations. The recent return pattern is too short to establish a long performance record, so the fund is better viewed as a sector-led large-cap strategy than as a steady compounding core holding.

It may appeal more to someone with a medium- to long-term horizon who wants broad exposure to sector leaders and can accept periods when performance trails the benchmark. The main trade-off is clear: you get concentrated exposure to leading companies across several sectors, but you must be ready for uneven short-term results.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of Bandhan BSE India Sector Leaders Index Fund Direct Growth Plan?

The current NAV is ₹9.3207 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

Its 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available.

How has the fund performed versus the benchmark?

Over one month, the fund lagged the benchmark, while over three months it did slightly better. The longer-horizon return fields are not yet available, so the benchmark comparison is still limited.

How does it compare with the peer funds listed alongside it?

The peer table does not provide usable 1-year, 3-year or 5-year return figures for comparison. That means the better guide here is the fund’s own short history, benchmark behaviour and portfolio structure.

What is the exit load?

The exit load is 0.25% if units are sold on or before 15 days, and nil after 15 days.

Who manages the fund?

The fund is managed by Abhishek Jain and Mayuresh Nagvekar.

Bottom line

Bandhan BSE India Sector Leaders Index Fund Direct Growth Plan is still early in its life, so the most useful signal is its short-term behaviour rather than a long performance history. Recent numbers are mixed against the benchmark, and the peer comparison does not add a usable return benchmark. The High Risk profile, sector-leaders structure and 60-holding portfolio suggest a fund that can move unevenly, with the largest names carrying the most influence. It is more suitable for investors who can tolerate volatility and want this style of large-company exposure.

Published on 17 September 2026 at 11:27 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.