Bandhan Large Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bandhan Large Cap Fund Direct Growth Plan currently has a NAV of ₹90.239 as of 09 Sep 2026 and scheme AUM of ₹2,144 Cr. Its 1-year, 3-year and 5-year returns are 2.12%, 12.72% and 10.67%, and the scheme is tagged High Risk. Our view is that it suits investors who can tolerate sharp swings in pursuit of equity-style growth, because the recent return profile is softer than the medium-term track record and the portfolio remains built around large, influential positions.

It is a large-cap equity fund with a Nifty 50 benchmark, so the comparison point is straightforward. The mix of banks, an energy-linked leader, IT, industrials, telecom and healthcare suggests broad large-cap exposure rather than a narrow theme, which can help balance stock-specific moves while still leaving meaningful market risk.

Quick facts

Particular	Details
NAV	₹90.239 as of 09 Sep 2026
AUM	₹2,144 Cr
Expense Ratio	0.86%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 30D, Nil after 30D
Fund Managers	Manish Gunwani, Prateek Poddar

The fund is managed by Manish Gunwani and Prateek Poddar.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.21%	-4.69%
3M	5.46%	0.93%
1Y	2.12%	-7.16%
3Y	12.72%	6%
5Y	10.67%	5.87%

The near-term picture is uneven, but not weak relative to the benchmark. Over 1 month, the fund declined less than the Nifty 50, while the 3-month return moved clearly ahead of the benchmark. That tells us the fund has handled short swings better than the index even though the last month was still negative.

The 1-year return is modest, yet it stands well above the benchmark’s negative reading. That gap matters because it shows the fund has preserved a better trajectory than the index through a difficult year, even if absolute returns are not strong enough to look exciting.

The longer view is more constructive. The 3-year and 5-year numbers both stay ahead of the benchmark, and the 5-year gain is meaningfully positive. The pattern in the NAV path also suggests periods of recovery after drawdowns rather than a smooth climb, which is common in equity funds, but here the compounding has been good enough over multi-year spans to keep the fund ahead of the Nifty 50.

In our view, the main takeaway is that recent volatility does not change the broader medium-term story. The fund has still compounded better than the benchmark over 3 and 5 years, but the latest 1-year result shows that this outperformance has not been linear.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Bandhan Large Cap?

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 Large Cap Fund Direct Growth Plan	2.12%	12.72%	10.67%
Quant Large Cap Fund Direct Growth Plan	8.13%	13.11%	Data not available
Taurus Large Cap Fund Direct Growth Plan	6.99%	12.61%	10.27%
Bank of India Large Cap Fund Direct Growth Plan	6.82%	12.8%	9.84%
Invesco India Largecap Fund Direct Growth Plan	3.91%	13.77%	11.79%
ITI Large Cap Fund Direct Growth Plan	3.08%	11%	9.6%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the latest 1-year number, the fund trails the stronger peer figures, with Quant Large Cap Fund Direct Growth Plan and Taurus Large Cap Fund Direct Growth Plan both ahead. Even so, the fund’s 3-year return is competitive with the peer set shown here, and its 5-year return stays above Taurus Large Cap Fund Direct Growth Plan, Bank of India Large Cap Fund Direct Growth Plan and ITI Large Cap Fund Direct Growth Plan. The short-term comparison therefore looks less impressive than the longer-term one, which is a useful reminder that this fund has been steadier over multi-year periods than in the most recent year.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	8.96%
HDFC Bank Limited	Bank	7.34%
Reliance Industries Limited	Crude Oil	6.02%
Infosys Limited	IT	3.89%
State Bank of India	Bank	3.83%
Mahindra & Mahindra Limited	Automobile & Ancillaries	3.53%
NTPC Limited	Power	3.5%
Larsen & Toubro Limited	Infrastructure	3.14%
Bharti Airtel Limited	Telecom	3.03%
Sun Pharmaceutical Industries Limited	Healthcare	3.03%

The top 10 holdings account for approximately 46.27% of the portfolio.

To see all holdings, visit the Bandhan Large Cap Fund Direct Growth Plan page

ICICI Bank Limited is the largest holding at 8.96%, and it is likely to have greater influence than any other single position in the portfolio. HDFC Bank Limited and Reliance Industries Limited also carry meaningful weights, so the fund is not dependent on just one name, but the first three positions together still shape a large share of the visible portfolio.

Weight falls from 8.96% at the top holding to 3.03% in the tenth slot, which shows a fairly pronounced drop even within the top 10. That pattern suggests the portfolio is anchored by a few larger positions, while the rest of the named holdings play a smaller supporting role.

At the same time, the disclosed top holdings cover only 46.27% of the portfolio, and the fund has 57 holdings in total. That combination points to a portfolio that is meaningfully spread beyond the biggest names, even though the largest positions may still have a noticeable effect on short-term movement.

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and can stay invested through uneven periods. The 1-year return is softer than the 3-year and 5-year figures, so the fund may suit people who can accept short-run fluctuations in exchange for a better multi-year compounding record.

Because it follows a large-cap equity approach against the Nifty 50, it is better suited to investors who want market-linked growth rather than capital protection. The main trade-off is clear: you get exposure to large Indian companies and a portfolio with a broad holding base, but you must be willing to tolerate periods when returns lag or turn negative before the longer trend reasserts itself.

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: 0.50% on or before 30D, Nil after 30D.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Bandhan Large Cap Fund Direct Growth Plan?

The current NAV is ₹90.239 as of 09 Sep 2026.

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

The fund’s 1-year, 3-year and 5-year returns are 2.12%, 12.72% and 10.67%.

How has it performed versus the Nifty 50 benchmark?

It has been ahead of the Nifty 50 over 1 year, 3 years and 5 years. The benchmark’s 1-year return is negative, while the fund is positive over the same stretch.

How does it compare with the peer funds shown here?

Its 1-year return is below some peer funds such as Quant Large Cap Fund Direct Growth Plan and Taurus Large Cap Fund Direct Growth Plan, but its 3-year and 5-year figures remain competitive within the peer set shown here.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What kind of risk and exit load should investors note?

The fund is tagged High Risk, so it is best suited to investors comfortable with equity volatility. The exit load is 0.50% on or before 30 days and nil after 30 days, while the fund is managed by Manish Gunwani and Prateek Poddar.

Bottom line

Bandhan Large Cap Fund Direct Growth Plan shows a clear difference between its recent and longer-term record: the latest year is muted, but the 3-year and 5-year outcomes remain stronger than the Nifty 50 benchmark. Compared with the peer set shown here, the fund’s short-term return is less impressive, while its multi-year figures stay competitive. The portfolio is anchored by a few large positions, yet the disclosed holding list still extends across 57 names, which can help reduce dependence on any one stock. It remains a fit for investors who can handle High Risk equity volatility and focus on a multi-year horizon.

Published on 10 September 2026 at 10:10 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.