Bandhan Nifty 500 Value 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bandhan Nifty 500 Value 50 Index Fund Direct Growth Plan currently has an NAV of ₹11.1717 as of 11 Sep 2026 and scheme AUM of ₹35 Cr. Its 1-year, 3-year and 5-year returns are 12.33%, 0% and 0%, and it carries a High Risk label. Our view is that it has shown a reasonable 1-year outcome, but the absence of longer track record means investors should treat the recent number with caution rather than as proof of consistency.

Because it tracks a value-focused basket within the Nifty 500 universe, the fund may suit investors who are comfortable with sharp swings and who want a passive large-universe equity exposure rather than a short-term parking place. The current pattern suggests a fund that can move with market stress, so the fit is better for a patient horizon than for near-term goals.

Quick facts

Particular	Details
NAV	₹11.1717 as of 11 Sep 2026
AUM	₹35 Cr
Expense Ratio	0.36%
Launch Date	29 Oct 2024
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 11 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.94%	-3.66%
3M	-4.12%	-1.91%
1Y	12.33%	-7.62%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Over the latest month, the fund fell less than its benchmark, which indicates relative resilience even though both moved lower. Over three months, it lagged the benchmark, so the recent patch has been uneven rather than smoothly defensive. That difference matters because this fund is not behaving like a steady low-volatility anchor in the short run.

The one-year number is much stronger than the benchmark, and that is the clearest positive in the available history. It suggests the portfolio recovered well over a longer stretch even after weaker shorter periods. We would read that as a sign of cyclical sensitivity rather than smooth compounding.

There is no three-year or five-year return history yet, so the evidence base is still limited. That makes the one-year outcome useful, but not sufficient on its own for judging how the strategy behaves across a full market cycle. For investors, the key point is that recent weakness does not erase the stronger one-year picture, yet the short history means the pattern is still developing.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD Bandhan Nifty 500 Value 50 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 Nifty 500 Value 50 Index Fund Direct Growth Plan	12.33%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	32.61%	29.92%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.23%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.22%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	26.18%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	25.91%	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 latest one-year comparison, the fund trails several of the listed peers, especially the faster-moving thematic index funds that have delivered much stronger gains. The gap is also visible in the three-year column where one peer has a meaningful track record, while this fund does not yet have a comparable longer history.

That said, the short-term comparison and the longer-term comparison point in different directions. The fund’s own one-year return is positive, but it is well below the top peer numbers, and there is not yet enough 3-year or 5-year history to judge durability. For readers, that means the peer table argues for restraint: the fund has not shown the same recent strength as the faster peer names, and it still needs time to build a longer record.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Grasim Industries Limited	Diversified	5.51%
Hindalco Industries Limited	Non – Ferrous Metals	5.31%
State Bank of India	Bank	5.24%
Vedanta Limited	Non – Ferrous Metals	5.03%
Oil & Natural Gas Corporation Limited	Crude Oil	4.94%
NTPC Limited	Power	4.69%
Coal India Limited	Mining	4.65%
Power Grid Corporation of India Limited	Power	4.63%
Tata Motors Passenger Vehicles Limited	Automobile & Ancillaries	4.51%
Bharat Petroleum Corporation Limited	Crude Oil	4.32%

The top holding, Grasim Industries Limited, carries a weight of 5.51%, so no single position dominates the portfolio by itself. The drop from the first holding to the tenth is modest rather than steep, which suggests the visible holdings are clustered fairly close together in size instead of being led by one or two very large bets.

The displayed holdings account for approximately 48.83% of the portfolio, and the fund discloses 44 holdings in total. That combination suggests a spread across many positions outside the top ten, even though the leading names still matter. In practical terms, the portfolio may be influenced by a handful of larger positions, but the rest of the disclosed universe is broad enough to leave room for other holdings to contribute.

Several of the leading positions sit in industrial, metal, banking, energy and power names, so the fund’s visible exposure leans toward cyclical and economy-linked businesses. That tilt may make returns more sensitive to the market mood around these segments, although the portfolio is still an index structure rather than a stock-picking fund. Investors reading the holdings should think in terms of broad factor exposure rather than one-off company bets.

To see all holdings, visit the Bandhan Nifty 500 Value 50 Index Fund Direct Growth Plan page

Source data date: as of 11 Sep 2026

Who should invest

This fund is best suited to investors who can tolerate high equity volatility and are comfortable with a strategy that has a short public track record. The one-year return is positive, but the shorter three-month and one-month readings are weaker, so the path has not been smooth. That makes it more suitable for a longer horizon where temporary swings are acceptable.

The trade-off is straightforward: you get a value-oriented index exposure within a wide market basket, but you must accept that near-term returns can lag at times and the fund still lacks a full cycle of history. Investors who want a simple, rules-based equity allocation and can stay invested through uneven phases may find it more relevant than someone looking for stability or quick consistency.

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 11 Sep 2026

Frequently asked questions

What is the current NAV of Bandhan Nifty 500 Value 50 Index Fund Direct Growth Plan?

The current NAV is ₹11.1717 as of 11 Sep 2026.

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

The fund’s 1-year return is 12.33%, while the 3-year and 5-year returns are both 0% in the available record because longer history is not yet available.

How does the fund compare with its benchmark?

It has outperformed the benchmark over 1 year, but it lagged the benchmark over 1 month and 3 months. That makes the recent picture mixed rather than uniformly strong.

How does it compare with peer funds on available return data?

Its 1-year return is lower than the listed peer funds, several of which have posted much stronger recent gains. The longer-horizon comparison is also limited because this fund does not yet have 3-year or 5-year figures available.

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 15D, and nil after 15D.

Bottom line

Bandhan Nifty 500 Value 50 Index Fund Direct Growth Plan has a better one-year picture than its shorter-term readings, but it still lacks longer history to judge consistency across cycles. On available peer data, its recent return is well below the stronger thematic funds, while its risk label and portfolio mix point to an equity strategy that can move sharply with market conditions. The visible holdings are reasonably spread, which may limit dependence on any single stock, but investors still need a patient horizon and comfort with uneven performance.

Published on 15 September 2026 at 3:27 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.