Bandhan Nifty100 Low Volatility 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bandhan Nifty100 Low Volatility 30 Index Fund Direct Growth Plan has a NAV of ₹15.2379 as of 16 Sep 2026 and an AUM of ₹1,604 Cr. Its 1-year, 3-year and 5-year returns are -5.94%, 8.49% and 0% respectively, and the fund carries a High Risk label. Our view is that this is a better fit for investors who understand that a low-volatility strategy can still go through uneven phases, especially when short-term returns have lagged the benchmark and the broader holding pattern remains equity-led.

The scheme is an index fund with a direct growth structure, so the key question is not manager-style stock picking but how closely the portfolio’s low-volatility selection has behaved through different market stretches. The current return pattern suggests the fund has offered a mixed ride: the longer 3-year figure is positive, while the latest 1-year reading is negative.

Quick facts

Particular	Details
NAV	₹15.2379 as of 16 Sep 2026
AUM	₹1,604 Cr
Expense Ratio	0.35%
Launch Date	06 Oct 2022
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
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	-5.14%	-4.41%
3M	-2.11%	-3.6%
1Y	-5.94%	-7.76%
3Y	8.49%	5.74%
5Y	Data not available	Data not available

Recent performance has been weak in absolute terms. The 1-month return is negative, and the 3-month figure is also negative, so the fund has not had a clean short-term run even though the declines have not been extreme. That pattern is consistent with a low-volatility strategy that may still struggle when market leadership shifts away from steadier names.

At the 1-year mark, the fund is still negative, but it has held up better than the benchmark over the same period. That tells us the portfolio has preserved relative resilience even though it has not produced a positive one-year outcome for investors.

The 3-year return is a clearer strength. The fund has compounded positively over that span and has stayed ahead of the benchmark, which suggests the low-volatility approach has worked better over a fuller cycle than it has in the recent quarter-to-year window. The contrast between the short-term dip and the stronger 3-year figure points to a path that has not been smooth, but has still delivered better medium-term results than the benchmark.

We do not have a 5-year return history because the scheme is too new for that period. As a result, the main read-through is between the recent weak phase and the stronger 3-year experience, not between a full market cycle and a mature long-term track record.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Bandhan Nifty100 Low Volatility 30 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 Nifty100 Low Volatility 30 Index Fund Direct Growth Plan	-5.94%	8.49%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.13%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.68%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	17.57%	18.84%	Data not available

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

Against the peer set shown here, the fund’s 1-year return is much softer, while its 3-year result is more respectable. That split matters: the recent period has been weaker than several peers with strong one-year gains, but the 3-year figure is still ahead of the benchmark and better than some peers that do not even have a 3-year history available. The comparison therefore points to a fund whose short-term picture is subdued, but whose medium-term outcome is not out of line with the more stable end of the peer group.

For investors, that means the story is not about chasing the strongest recent momentum. It is about whether a lower-volatility equity sleeve can still fit alongside other holdings even when near-term returns are choppy. The peer table also shows that the fund’s longer track record is still limited, so the longer-run judgment remains incomplete.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	4.09%
Bajaj Auto Limited	Automobile & Ancillaries	3.97%
Sun Pharmaceutical Industries Limited	Healthcare	3.8%
Nestle India Limited	FMCG	3.74%
Apollo Hospitals Enterprise Limited	Healthcare	3.7%
Tata Consultancy Services Limited	IT	3.64%
Titan Company Limited	Diamond & Jewellery	3.6%
Bajaj Finserv Limited	Finance	3.59%
SBI Life Insurance Company Limited	Insurance	3.56%
NTPC Limited	Power	3.52%

The largest holding, ICICI Bank Limited, sits at 4.09%, which is a modest weight for the top slot and suggests no single stock dominates the disclosed portfolio slice. The fall from the first holding to the tenth is also fairly gentle, moving from 4.09% to 3.52%, so the top end looks evenly spread rather than sharply tilted toward one name.

The top 10 holdings together account for approximately 37.21% of the portfolio, and the scheme has 30 holdings in total. That combination points to a reasonably diversified core with a meaningful tail beyond the top names. In our view, the disclosed holdings are spread across sectors such as banking, healthcare, consumer staples, IT and insurance, which may help reduce reliance on a single industry theme.

Even so, the top positions are still large enough to matter day to day. The portfolio may be influenced more by the movement in a handful of higher weights than by the smallest positions, but the overall structure is not heavily concentrated in just one or two stocks.

To see all holdings, visit the Bandhan Nifty100 Low Volatility 30 Index Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund may suit investors who are comfortable with High Risk exposure but still want an equity strategy that aims for steadier stock selection than a broad market portfolio. The 3-year return is positive and ahead of the benchmark, but the 1-year return is negative, so investors need to accept that short stretches can be disappointing even when the medium-term picture is better.

The better fit is usually a longer horizon, because the recent weakness and the stronger 3-year trend do not point to a smooth straight-line journey. The main trade-off is that the fund may reduce some volatility relative to a plain index style, but it does not eliminate drawdowns and it can lag during shorter windows.

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: No exit load

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Bandhan Nifty100 Low Volatility 30 Index Fund Direct Growth Plan?
The current NAV is ₹15.2379 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -5.94%, the 3-year return is 8.49%, and the 5-year return is Data not available.

How has the fund performed versus its benchmark?
It has done better than the benchmark over 1 year and 3 years, while the short-term 1-month and 3-month periods remain weak. The 3-year figure is the clearer strength.

How does it compare with the peer funds listed here?
Its 1-year return is weaker than several peer funds shown here, but its 3-year return is competitive against peers with available three-year history. The comparison is mixed rather than one-sided.

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 no exit load.

Bottom line

This fund’s recent picture is softer than its medium-term record, with a negative 1-year return but a positive 3-year outcome that stays ahead of the benchmark. Against the peer set shown here, that makes it look less compelling on short-term momentum but still credible on the longer view. The portfolio is spread across 30 holdings, with no single top position dominating the disclosed list, which supports the low-volatility style. It may suit investors who can tolerate equity risk and prefer a steadier portfolio shape over chasing fast recent gains.

Published on 17 September 2026 at 4:53 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.