Bandhan Factsheet

FACTSHEET
3 0 th N o v e m b e r 2 0 2 3
With effect from 13th March 2023, IDFC MUTUAL FUND is BANDHAN MUTUAL FUND.
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Introducing
Bandhan Nifty Smallcap
250 Index Fund
Scheme Riskometer
Bandhan Nifty Smallcap 250 Index Fund
(An open ended scheme tracking Nifty Smallcap 250 Index)
This product is suitable for investors who are seeking*:
• To create wealth over a long term.
Investors understand that
• Investment in equity and equity related instruments belonging to Nifty Smallcap 250 Index
their principal will be at
Very High risk *Investors should consult their ﬁnancial advisers if in doubt about whether the product is suitable for them.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Index
Equity/Index/ETF Funds
Commentary - Equity Outlook 10
Commentary - Debt Outlook 13
Bandhan Large Cap Fund 15
Bandhan Small Cap Fund 16
Bandhan Core Equity Fund 17
Bandhan Flexi Cap Fund 18
Bandhan Multi Cap Fund 19
Bandhan Midcap Fund 20
Bandhan ELSS Tax saver Fund 21
Bandhan Focused Equity Fund 22
Bandhan Sterling Value Fund 23
Bandhan Infrastructure Fund 24
Bandhan Transportation and Logistics Fund 25
Bandhan Financial Services Fund 26
Bandhan Nifty 50 Index Fund 27
Bandhan Nifty 100 Index Fund 28
Bandhan Nifty100 Low Volatility 30 Index Fund 29
Bandhan Nifty200 Momentum 30 Index Fund 30
Bandhan Nifty Alpha 50 Index Fund 31
Bandhan Nifty IT Index Fund 32
Bandhan S&P BSE Sensex ETF (BSE scrip code: 540154) 33
Bandhan Nifty 50 ETF (NSE scrip code: IDFNIFTYET) 34
Hybrid/Fund of Funds
Bandhan Arbitrage Fund 35
Bandhan Equity Savings Fund 36
Bandhan Balanced Advantage Fund 37
Bandhan Hybrid Equity Fund 38
Bandhan Retirement Fund 39
Bandhan Regular Savings Fund 40
Bandhan US Equity Fund of Fund 41
Bandhan US Treasury Bond 0-1 year Fund of Fund 42
Bandhan Asset Allocation Fund of Funds 43
Bandhan All Seasons Bond Fund 45
Debt Funds
Bandhan Overnight Fund 47
Bandhan Liquid Fund 48
Bandhan Ultra Short Term Fund 49
Bandhan Low Duration Fund 50
Bandhan Money Manager Fund 51
Bandhan Banking & PSU Debt Fund 52
Bandhan Corporate Bond Fund 53
Bandhan Bond Fund - Short Term Plan 54
Bandhan Bond Fund - Medium Term Plan 55
Bandhan Floating Rate Fund 56
Bandhan Credit Risk Fund 57
Bandhan Bond Fund - Income Plan 58
Bandhan Dynamic Bond Fund 59
Bandhan Government Securities Fund - Constant Maturity Plan 60
Bandhan Government Securities Fund - Investment Plan 61
Bandhan CRISIL IBX Gilt April 2026 Index Fund 62
Bandhan CRISIL IBX Gilt June 2027 Index Fund 63
Bandhan CRISIL IBX 90:10 SDL Plus Gilt November 2026 Index Fund 66
Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Index Fund 67
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund 68
Performance Table 69
SIP Performance 72
Income Distribution and Capital Withdrawal History 78
Fund Manager Details 82
Investment Objective 82
3
Equity Snapshot as on 30th November 2023
Portfolio Metrics Top 10 Holdings Top 10 Industry Ratios@
Month End
Category Scheme Name About the Fund Investment Style Inception Date Benchmark Fund Managers^^
AuM (crs.) Annualized
Fund TIER 1 : BM Top 10 Holdings (% of NAV) Sector (% of NAV) Beta Sharpe
S.D
HDFC Bank Ltd. 9.81% Banks 26.69%
ICICI Bank Ltd. 9.49% IT - Software 11.83%
91% Large Cap Reliance Industries Ltd. 7.74% Automobiles 11.27%

PE Ratio FY 24E PE Ratio FY 24E
FWD: 18.6 FWD: 19.5 ITC Ltd. 4.96% Petroleum Products 7.74%
Participate in growth of top 100
4% Mid Cap 4.93% Diversified FMCG 4.96% Sumit Agrawal &
Bandhan Large companies selectively with an PB Ratio FY 24E PB Ratio FY 24E Tier 1 Benchmark : S&P Infosys Ltd.
Large cap 09-Jun-06 1,194 0.93 12.90% 0.68 Sachin Relekar
Cap Fund opportunistic allocation to mid FWD: 2.9 FWD: 2.9 BSE 100 TRI Larsen & Toubro Ltd. 4.19% Construction 4.19% (w.e.f. 1st March 2022)
& small caps
5% Small Cap FY23-25E CAGR FY23-25E CAGR IndusInd Bank Ltd. 3.44% Pharmaceuticals & Biotechnology 3.73%
growth : 24% growth : 20%
Tata Consultancy Services Ltd. 3.37% Finance 3.00%
Growth Blend Value
Tata Motors Ltd. 2.97% Power 2.92%
NTPC Ltd. 2.92% Beverages 2.74%
ICICI Bank Ltd. 8.02% Banks 18.57%
HDFC Bank Ltd. 6.67% IT - Software 8.87%
Infosys Ltd. 4.66% Industrial Products 6.52%
71% Large Cap
FWD: 24.1 FWD: 19.7 Reliance Industries Ltd. 3.93% Automobiles 5.36%
Blend of “Buy and Hold” and
3.45% Auto Components 5.35% Sachin Relekar
Bandhan Flexi “Tactical" strategies; Currently, 17% Mid Cap PB Ratio FY 24E PB Ratio FY 24E Tier 1 Benchmark : S&P Larsen & Toubro Ltd.
Flexicap 28-Sep-05 6,354 0.86 12.65% 0.84 (w.e.f. 08th
Cap Fund focusing on benefitting from FWD: 3.9 FWD: 2.9 BSE 500 TRI Axis Bank Ltd. 3.44% Finance 4.35% December 2020)
domestic consumption theme
FY23-25E CAGR FY23-25E CAGR Bajaj Finance Ltd. 3.04% Retailing 4.30%
12% Small Cap growth : 25% growth : 21%
UNO Minda Ltd. 2.73% Petroleum Products 3.93%
Growth Blend Value
Bharti Airtel Ltd. 2.71% Electrical Equipment 3.52%
Varun Beverages Ltd. 2.29% Construction 3.45%
ICICI Bank Ltd. 9.41% Automobiles 9.17%
Infosys Ltd. 5.21% IT - Software 8.11%
62% Large Cap PE Ratio FY 24E PE Ratio FY 24E
FWD: 19.6 FWD: 19.7 Cholamandalam Investment and Finance Company Ltd 5.01% Electrical Equipment 7.53%
Upto 30 high conviction
Bandhan Focused ideas across market cap and 10% PB Ratio FY 24E PB Ratio FY 24E Tier 1 Benchmark : S&P Reliance Industries Ltd. 4.92% Finance 7.27%
Focused Mid Cap 16-Mar-06 1,388 0.86 12.87% 0.58 Sumit Agrawal
Equity Fund sectors with mix of core and FWD: 3.0 FWD: 2.9 BSE 500 TRI Tata Motors Ltd. 4.40% Petroleum Products 4.92%
tactical ideas
FY23-25E CAGR FY23-25E CAGR Apar Industries Ltd. 4.39% Retailing 3.87%
27% Small Cap growth : 30% growth : 21%
IndusInd Bank Ltd. 4.00% Diversified FMCG 3.75%
Growth Blend Value Trent Ltd. 3.87% Realty 3.59%
ITC Ltd. 3.75% Food Products 2.89%
Axis Bank Ltd. 3.70% Pharmaceuticals & Biotechnology 8.12%
Large Cap Reliance Industries Ltd. 3.37% Finance 8.05%

44%
FWD: 17.5 FWD: 20.6 Infosys Ltd. 3.20% Auto Components 5.51%
Manish Gunwani
Portfolio with focus of Quality 41% Mid Cap Tier 1 Benchmark : ICICI Bank Ltd. 2.89% IT - Software 4.99%
Large and Bandhan Core Equity PB Ratio FY 24E PB Ratio FY 24E (w.e.f. 28 January, 2023) &
large & mid cap stocks available at 09-Aug-05 3,185 NIFTY LargeMidcap 0.91 13.25% 1.30
Mid cap Fund FWD: 2.7 FWD: 3.0 ITC Ltd. 2.35% Retailing 4.96% Rahul Agarwal
relatively low valuations 250 TRI
(w.e.f. 28 August, 2023)
15% Small Cap FY23-25E CAGR FY23-25E CAGR Hindalco Industries Ltd. 1.98% Petroleum Products 4.92%
Larsen & Toubro Ltd. 1.95% Electrical Equipment 4.03%
Growth Blend Value
Bharti Airtel Ltd. 1.95% Automobiles 3.99%
Power Finance Corporation Ltd. 1.58% Realty 3.38%
ICICI Bank Ltd. 6.58% Banks 20.14%
HDFC Bank Ltd. 5.48% IT - Software 8.85%
69% Large Cap Reliance Industries Ltd. 4.40% Pharmaceuticals & Biotechnology 6.75%
FWD: 19.2 FWD: 19.7 Axis Bank Ltd. 4.37% Automobiles 5.69%
Bandhan ELSS Tax A multi cap oriented ELSS fund 13% Mid Cap 3.77% Finance 4.63%
PB Ratio FY 24E PB Ratio FY 24E Tier 1 Benchmark : S&P Infosys Ltd.
ELSS saver Fund (w.e.f. 10 focusing on GARP (Growth at 26-Dec-08 5,403 0.96 14.45% 1.36 Daylynn Pinto
FWD: 2.8 FWD: 2.9 BSE 500 TRI Tata Motors Ltd. 3.14% Electrical Equipment 4.50%
November, 2023) Reasonable Price)
18% Small Cap FY23-25E CAGR FY23-25E CAGR State Bank of India 2.40% Petroleum Products 4.40%
Bharti Airtel Ltd. 2.39% Auto Components 4.17%
Growth Blend Value
Tata Consultancy Services Ltd. 2.10% Cement & Cement Products 3.13%
NTPC Ltd. 1.93% Ferrous Metals 3.07%
Axis Bank Ltd. 4.77% Banks 18.26%
HDFC Bank Ltd. 4.11% Pharmaceuticals & Biotechnology 8.05%
62% Large Cap ICICI Bank Ltd. 3.89% IT - Software 7.37%

FWD: 16.8 FWD: 19.7 Reliance Industries Ltd. 2.97% Electrical Equipment 5.04%
Follows Value investment 18% Mid Cap Tier 1: S&P BSE 500 TRI Jindal Steel & Power Ltd. 2.70% Auto Components 4.72%
Bandhan Sterling PB Ratio FY 24E PB Ratio FY 24E
Value strategy; currently over weight in 07-Mar-08 7,214 Tier 2: S&P BSE 400 0.93 15.05% 1.60 Daylynn Pinto
Value Fund FWD: 2.5 FWD: 2.9 Tata Consultancy Services Ltd. 2.54% Automobiles 4.59%
mid & small caps MidSmallCap TRI
20% Small Cap FY23-25E CAGR FY23-25E CAGR ITC Ltd. 2.54% Finance 4.49%
CG Power and Industrial Solutions Ltd. 2.49% Ferrous Metals 3.89%
Growth Blend Value
UNO Minda Ltd. 2.15% Power 3.15%
Hero MotoCorp Ltd. 2.01% Leisure Services 3.06%
4
Equity Snapshot as on 30th November 2023
Portfolio Metrics Top 10 Holdings Top 10 Industry Ratios@
Month End
Category Scheme Name About the Fund Investment Style Inception Date Benchmark Fund Managers^^
AuM (crs.) Annualized
Fund BM Top 10 Holdings (% of NAV) Sector (% of NAV) Beta Sharpe
S.D
Tata Technologies Ltd 4.04% Industrial Products 15.87%
Trent Ltd. 3.54% Auto Components 8.62%
Large Cap CG Power and Industrial Solutions Ltd. 3.06% Electrical Equipment 7.22% Equity Portion :
12% Sachin Relekar &
FWD: 31.0 FWD: 21.8 Cummins India Ltd. 2.81% Consumer Durables 6.35% Ritu Modi,
Midcap complements one’s Debt portion:
Bandhan MidCap core equity portfolio allocation 66% PB Ratio FY 24E PB Ratio FY 24E Tier 1 Benchmark : S&P The Federal Bank Ltd. 2.72% Retailing 6.12%
Midcap Mid Cap 18-Aug-22 976 - - - Harshal Joshi,
Fund (MidCap) with the potential to generate a FWD: 5.5 FWD: 3.2 BSE 150 Midcap Index TVS Motor Company Ltd. 2.71% IT - Software 5.82%
higher returns over long term Ritika Behera will be
Small Cap FY23-25E CAGR FY23-25E CAGR Astral Ltd. 2.65% Finance 5.22% managing overseas
22%
growth : 23% growth : 30% investment portion of the
UNO Minda Ltd. 2.49% Banks 4.80% scheme.
Growth Blend Value
APL Apollo Tubes Ltd. 2.30% Chemicals & Petrochemicals 4.07%
The Indian Hotels Company Ltd. 2.29% Pharmaceuticals & Biotechnology 4.06%
Larsen & Toubro Ltd. 8.96% Construction 29.98%
UltraTech Cement Ltd. 5.84% Cement & Cement Products 11.50%
Large Cap Kirloskar Brothers Ltd. 5.52% Industrial Products 9.35%

39%
FWD: 19.4 FWD: 12.4 Bharti Airtel Ltd. 5.23% Power 8.76%
A true blue Infrastructure
19% Tier 1 Benchmark Torrent Power Ltd. 5.14% Electrical Equipment 7.94% Sachin Relekar
Sectoral/ Bandhan fund focusing to benefit Mid Cap PB Ratio FY 24E PB Ratio FY 24E
08-Mar-11 830 : S&P BSE India 0.70 18.59% 1.60 (w.e.f. 08th
Thematic Infrastructure Fund from economic growth and FWD: 3.1 FWD: 1.9 Bharat Electronics Ltd. 4.68% Transport Services 6.42%
Infrastructure TRI December 2020)
infrastructure development
41% Small Cap FY23-25E CAGR FY23-25E CAGR ABB India Ltd. 4.51% Telecom - Services 5.23%
Ahluwalia Contracts (India) Ltd. 4.25% Aerospace & Defense 4.89%
Growth Blend Value
JK Cement Ltd. 4.25% Gas 3.86%
Transport Corporation of India Ltd. 3.61% Ferrous Metals 3.65%
Apar Industries Ltd. 2.35% Finance 13.55%
Arvind Ltd. 2.18% Industrial Products 6.89%
5% Large Cap REC Ltd. 2.04% Auto Components 4.91%

FWD: 14.3 FWD: 19.2 eClerx Services Ltd. 1.77% Electrical Equipment 4.87%
Manish Gunwani
Bandhan Small Cap Portfolio of high conviction small 16% Mid Cap 1.75% Pharmaceuticals & Biotechnology 4.66% (w.e.f. 28 January, 2023)
PB Ratio FY 24E PB Ratio FY 24E Tier 1 Benchmark : S&P Manappuram Finance Ltd.
Small Cap Fund# (w.e.f. 28 caps which can be the potential 25-Feb-20 3,225 0.85 16.52% 1.41
FWD: 2.3 FWD: 2.9 BSE 250 SmallCap TRI Shaily Engineering Plastics Ltd. 1.71% Consumer Durables 4.43% Kirthi Jain
November, 2023) leaders of the future
Small Cap FY23-25E CAGR FY23-25E CAGR (w.e.f. 05 June, 2023)
79% Power Finance Corporation Ltd. 1.69% Capital Markets 4.23%
Cholamandalam Financial Holdings Ltd. 1.59% Textiles & Apparels 3.71%
Growth Blend Value
Nitin Spinners Ltd. 1.54% Banks 3.36%
Bharti Airtel Ltd. 1.38% Chemicals & Petrochemicals 3.16%
Reliance Industries Ltd. 2.58% Finance 7.23%
43% Large Cap ICICI Bank Ltd. 2.52% Pharmaceuticals & Biotechnology 6.72%
FWD: 19.3 FWD: 20.0 Axis Bank Ltd. 2.26% IT - Software 5.77%
Daylynn Pinto
27% Mid Cap Tier 1 Benchmark : Larsen & Toubro Ltd. 1.96% Consumer Durables 4.51% (equity portion)
Bandhan Multi Cap Blend of growth and value across PB Ratio FY 24E PB Ratio FY 24E
Multi Cap 02-Dec-21 1,667 Nifty500 Multicap - - -
Fund (MCF) market capitalisations FWD: 2.8 FWD: 3.0 Bosch Ltd. 1.94% Auto Components 3.73% Harshal Joshi
50:25:25
29% Small Cap FY23-25E CAGR FY23-25E CAGR (debt portion)
Infosys Ltd. 1.92% Insurance 3.49%
Tata Consultancy Services Ltd. 1.88% Electrical Equipment 3.46%
Growth Blend Value
Kotak Mahindra Bank Ltd. 1.79% Leisure Services 3.31%
United Breweries Ltd. 1.68% Cement & Cement Products 3.26%
Tata Motors Ltd. 8.25% Auto Components 34.77%
Maruti Suzuki India Ltd. 7.29% Automobiles 32.09%
The Scheme seeks to generate Large Cap Bajaj Auto Ltd. 5.86% Transport Services 13.47%
long-term capital growth by 47% Daylynn Pinto
investing predominantly in PE Ratio FY 24E PE Ratio FY 24E Mahindra & Mahindra Ltd. 5.44% Industrial Products 3.38% (equity portion),
equity and equity related FWD: 19.4 FWD: 22.0
Bandhan 17% Tier 1 Benchmark : Agricultural, Commercial & Construction Harshal Joshi (debt portion),
securities of companies engaged Mid Cap PB Ratio FY 24E PB Ratio FY 24E Bosch Ltd. 5.34% 3.03%
Sectoral Transportation And 27-Oct-22 364 Nifty Transportation Vehicles - - - Ritika Behera
in the transportation and FWD: 3.5 FWD: 4.0
Logistics Fund logistics sector. and Logistics Index Hero MotoCorp Ltd. 5.25% Leisure Services 2.65%
Small Cap (will be managing overseas
36% FY23-25E CAGR FY23-25E CAGR
Disclaimer: There is no assurance MRF Ltd. 3.84% Finance 1.78% investment portion of the
growth: 39% growth: 52%
or guarantee that the objectives scheme.)
of the scheme will be realised. Escorts Kubota Ltd. 3.03% Electrical Equipment 1.08%
Growth Blend Value
InterGlobe Aviation Ltd. 2.97%
Sandhar Technologies Ltd. 2.78%
ICICI Bank Ltd. 11.92% Finance 26.67%
State Bank of India 5.18% Capital Markets 9.39%
55% Large Cap PE Ratio FY 24E PE Ratio FY 24E Sumit Agrawal, Manish
Bandhan Financial Services Fund FWD: 14.4 FWD: 16.3 Axis Bank Ltd. 3.53% Insurance 8.17% Gunwani (Equity portion)
offers an opportunity to invest
Tier 1 Benchmark : Kotak Mahindra Bank Ltd. 3.27% Financial Technology (Fintech) 2.01%
Bandhan Financial in sectors across Banks, NBFCs, 16% PB Ratio FY 24E PB Ratio FY 24E Harshal Joshi
Sectoral Mid Cap 28-Jul-23 632 Nifty Financial - - -
Services Fund Capital Market, Insurance and FWD: 2.0 FWD: 2.1 IndusInd Bank Ltd. 2.71% (Debt portion)
Services TRI
Fintechs with a Flexi cap and
growth-oriented approach. FY23-25E CAGR FY23-25E CAGR General Insurance Corporation of India 2.70% Ritika Behera (Overseas
29% Small Cap growth: 15% growth: 18% investment portion)
Indian Renewable Energy Development Agency Ltd. 2.42%
Growth Blend Value Five Star Business Finance Ltd. 2.13%
Bajaj Finserv Ltd. 2.03%
"Ratios calculated on the basis of 3 years history of monthly data ^Ratios calculated on the basis of monthly data Since Inception. The numbers do not have any significance in absolute terms.
Stable Sectors: Auto, Retail Banks, NBFC, Consumer Staples, Consumer Discretionary, IT Services, Healthcare / Pharma; Cyclical Sectors: Cement/Building Material, Corp Banks, Industrials (including CVs), Utilities, Telecom, Commodities (Metals/Oil & Gas etc)
#
Note : Ratios are not given as scheme has not completed 3 years. Ratios @ is of 30th November 2023. Schemes are sorted basis Standard deviation.
Mr. Anoop Bhaskar managed Bandhan Core Equity Fund, Bandhan Flexi Cap Fund, Bandhan Sterling Value Fund, Bandhan Small Cap Fund, Bandhan Hybrid Equity Fund (Equity Portion) till 27th January 2023.
Ms. Ritika Behera manages 1 scheme of Bandhan Mutual Fund and manages overseas investment portion of the of Equity & Hybrid schemes. Foreign investment: ^^Ms. Ritika Behera will be managing for Equity overseas investment portion of the scheme w.e.f. October 07, 2023.
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07, 2023.
5
3 - Lens Debt Allocation Framework
Asset
Allocation
Liquidity
Core Satellite
Management
Bandhan Overnight Fund Bandhan Ultra Short Term Fund

Bandhan Liquid Fund Bandhan Money Manager Fund Interest
Credit Risk
Bandhan Low Duration Fund Rate Risk
Bandhan Bond Fund – Short Term Plan
Bandhan Bond Fund – Medium Term Plan
Bandhan Credit Risk Fund
Bandhan All Season Bond Fund
Bandhan Floating Rate Fund Bandhan Dynamic Bond Fund
Bandhan Corporate Bond Fund
Bandhan Bond Fund – Income Plan
Bandhan Banking & PSU Debt Fund
Bandhan Government Securities Fund
– Income Plan
Bandhan Government Securities Fund
- Constant Maturity Plan
Liquidity: For very short term parking of surplus or emergency corpus

Core: Ideally forms bulk of your allocation – Funds that focus on high credit quality and low to moderate maturity profile
Satellite: Funds that can take higher risk – either duration risk or credit risk or both
Target Maturity Index Funds are excluded from this framework owing to their fixed tenure and passive management.
We have created a simple framework for segregating the schemes depending on their risks. The framework is constructed around allocating across 3 three buckets: Liquidity, Core, and Satellite; each bucket meeting a specific need. Within these
buckets, we have different offerings with different minimum investment horizons that can further aid decision-making.
6
Debt Snapshot as on 30th November 2023
Asset Asset Total Potential Risk
Month End Average Modified Macaulay Yield to Total Expense
Allocation Scheme Name Positioning Quality Asset Allocation (%) Expense Ratio Class Matrix Exit Load Fund Manager
AuM (crs.) Maturity Duration Duration Maturity Ratio -Direct
Requirement (%)+ -Regular (PRC)
Invests in overnight securities / 1 Business
AAA T Bill : 3.43
Bandhan Overnight day residual maturity
1,744 Equivalent TRI Party Repo/Cash 2 days 2 days 2 days 6.77% 0.15% 0.05% A-I Nil Brijesh Shah
Fund (Min. recommended investment
= 100 eq.: 96.57
horizon- 1 day)
CP : 42.80 Investor exit Day 1 Day 2 Day 3 Day 4
upon subscription
CD : 27.69
145 Days 145 Days 145 Days 6.01% 0.93%
CB : 4.82
An open ended liquid scheme AAA Investor exit
Gsec: 1.01 Day 5 Day 6 Day 7 onwards Harshal Joshi
Bandhan Liquid Fund (Min. recommended investment 13,319 Equivalent 51 Days 50 Days 51 Days 7.30% 0.25% 0.12% A-I upon subscription
Liquidity
CDMD^ : 0.21 Brijesh Shah
horizon- 7 days) = 100
Management
T Bill : 17.80 Exit load as a
TRI Party Repo/Cash: % of redemption 0.0050% 0.0045% 0.0000%
proceeds
5.66
CD : 59.86
Invests in money market instruments CP : 26.49
AAA
Bandhan Money predominantly CDMD^ : 0.19 Brijesh Shah
3,507 Equivalent 109 Days 109 Days 109 Days 7.46% 0.98% 0.23% A-I Nil
Manager Fund (Min. recommended investment horizon- 6 T Bill : 10.25 & Gautam Kaul
= 100
months) TRI Party Repo/Cash:
3.21
CD : 34.74
CP : 9.68
CB : 40.72
An Actively managed fund with Macaulay AAA
Bandhan Ultra Short CDMD^ : 0.30
duration band between 3-4 years (Min. 3,283 Equivalent 171 Days 161 Days 168 Days 7.56% 0.44% 0.25% A-I Nil Harshal Joshi
Term Fund G Sec/SDL : 6.51
recommended investment horizon- 3 years) = 100
T Bill: 0.63
TRI Party Repo/Cash
: 7.42
CD: 22.80
CP: 4.93
Macaulay duration of the portfolio is CB : 43.48
AAA
Bandhan Low Duration between 6 to 12 months CDMD^ : 0.28
5,447 Equivalent 355 Days 322 Days 337 Days 7.66% 0.58% 0.32% A-I Nil Harshal Joshi
Fund (Min. recommended investment horizon- 6 G Sec/SDL : 25.63
= 100
months) T Bill : 0.02
TRI Party Repo/Cash
eq : 2.86
CB : 71.01
- Predominantly invests in high quality
G Sec/SDL : 18.95
money market and debt instruments of
AAA CD : 5.33
Bandhan Banking and Banks, PSU and PFI. 2.40 Gautam Kaul &
15,675 Equivalent CP : 0.31 2.04 Years 2.18 Years 7.68% 0.63% 0.33% A-III Nil
PSU Debt Fund£ -Roll down strategy currently Years Suyash Choudhary
= 100 CDMD^ : 0.23
(Min. recommended investment horizon- 3
TRI Party Repo/Cash
years)
eq : 4.16
Bandhan Banking &
Core
A FOF structure which typically invests in PSU Debt Fund: 36.95
AAA
Bandhan All Seasons our debt schemes upto short term funds Bandhan Bond 2.66
123 Equivalent 2.24 Years 2.35 Years 7.55% 0.50% 0.09% A-III Nil Harshal Joshi
Bond Fund^^ currently. (Min. recommended investment Fund-ST: 58.90 Years
= 100
horizon- 2 years) TRI Party Repo/Cash
: 4.15
CD : 4.48
- A Short term Fund CB : 13.92
CP: 9.39
- Avg Maturity is ordinarily anchored in an AAA
Bandhan Bond Fund- CDMD^ : 0.26 3.02
approximate band around 2 years currently 9,261 Equivalent 2.53 Years 2.63 Years 7.52% 0.78% 0.31% A-II Nil Suyash Choudhary
Short Term PTC : 0.32 Years
= 100
(Min. recommended investment horizon- 2 G Sec : 68.96
years) TRI Party Repo/Cash
: 2.67
CP : 7.13
CD : 4.28
CB : 74.11
- A dedicated Corporate Bond portfolio
AAA CDMD^ : 0.27
Bandhan Corporate - Roll Down Strategy curently 0.31 Gautam Kaul &
14,108 Equivalent GSec/SDL : 2.67 0.29 Years 0.31 Years 7.48% 0.62% 0.32% A-III Nil
Bond Fund££ (Min. recommended investment horizon- 3 Years Suyash Choudhary
= 100 T Bill : 7.12
years)
ZCB : 0.28
TRI Party Repo/Cash
: 7.13
- An Actively managed fund with Macaulay CB : 3.01
duration band between 3-4 years In case CDMD^ : 0.31
AAA
Bandhan Bond Fund - of anticipated adverse situation, mac. G Sec/SDL : 94.01 4.68 3.97
1,658 Equivalent 3.83 Years 7.42% 1.48% 0.77% A-III Nil Suyash Choudhary
Medium Term Plan dur. could be between 1 yr and 4 yrs (Min. PTC : 0.92 Years Years
= 100
recommended investment horizon- TRI Party Repo /Cash
3 years) : 1.75
CD : 23.69
Predominantly invests in floating
CB : 35.67
rate instruments (including fixed rate AAA
CP: 21.63
Bandhan Floating Rate instruments converted to floating rate Equivalent 1.21
205 CDMD^ : 0.43 1.01 Years 1.06 Years 7.75% 0.83% 0.35% B-II Nil Suyash Choudhary
Fund exposures using swaps/derivatives) (Min. = 90.29 Years
G Sec : 16.03
recommended investment horizon- 6 AA+ : 9.71
TRI Party Repo/Cash
Satellite
months)
eq : 2.54
7
Debt Snapshot as on 30th November 2023
Asset Asset Total Potential Risk
Month End Asset Average Modified Macaulay Yield to Total Expense
Allocation Scheme Name Positioning Quality Expense Ratio Class Matrix Exit Load Fund Manager
AuM (crs.) Allocation (%) Maturity Duration Duration Maturity Ratio -Direct
Requirement (%)+ -Regular (PRC)
Aims to provide an optimal risk-reward
CB : 58.84
profile to investors by focusing on AAA
PTC : 7.28
companies with well-run management Equivalent 1% if redeemed/switched
Bandhan Credit Risk CDMD^ : 0.36 11.03 Mr. Gautam Kaul & Mr.
and evolving business prospects or good 393 = 41.16 2.94 Years 3.13 Years 8.03% 1.63% 0.66% B-III out within 365 days from
Fund G Sec : 26.21 Years Debraj Lahiri
businesses with improving financial AA = 54.50 the date of allotment
TRI Party Repo/
profile. (Min. recommended investment AA+ = 4.34
Cash eq : 7.30
horizon->3years)
- Actively managed fund positioned to G Sec : 97.11
take exposure across the yield curve AAA CDMD^ : 0.26
Bandhan Dynamic Bond 13.48
depending on fund manager’s view 2,142 Equivalent TRI Party 8.25 Years 8.56 Years 7.52% 1.62% 0.76% A-III Nil Suyash Choudhary
Fund Years
(Min. recommended investment horizon- = 100 Repo/Cash &
>3years) Equivalent : 2.64
- Actively Managed Gilt Fund
AAA G Sec : 97.42
Bandhan G-Sec Fund- - Portfolio postioned depending on 13.55
1,417 Equivalent TRI Party Repo/ 8.29 Years 8.60 Years 7.52% 1.25% 0.63% A-III Nil Suyash Choudhary
Investment Plan interest rate view (Min. recommended Years
= 100 Cash eq : 2.58
investment horizon- >3years)
- Actively managed fund (Macaulay
duration between 4-7years) CDMD^ : 0.26
Satellite
AAA Within 365 days:
Bandhan Bond Fund - In case of anticipated adverse situation, G Sec : 97.76 10.33
489 Equivalent 6.72 Years 6.97 Years 7.47% 1.99% 1.33% A-III - 10% of invst: Nil Suyash Choudhary
Income Plan mac. dur. could be between 1 yr and 7 yrs TRI Party Repo/ Years
= 100 - Remaining invst: 1%
(Min. recommended investment horizon- Cash eq: 1.99
>3years)
Bandhan Government Gilt Fund with around 10 years average AAA G Sec : 96.61
11.25
Securities Fund- maturity (Min. recommended investment 300 Equivalent TRI Party Repo/ 7.15 Years 7.42 Years 7.48% 0.52% 0.30% A-III Nil Harshal Joshi
Years
Constant Maturity horizon- >3years) = 100 Cash eq: 3.39
An open-ended Target Maturity Index
Fund investing in constituents of CRISIL AAA G Sec : 98.38
Bandhan CRISIL IBX Gilt 2.27
IBX Gilt Index 474 Equivalent TRI Party Repo/ 2.04 Years 2.11 Years 7.37% 0.41% 0.16% A-III Nil Gautam Kaul
April 2026 Index Fund Years
- April 2026 with Relatively High Interest = 100 Cash eq: 1.62
Rate Risk and Relatively Low Credit Risk
An open-ended Target Maturity Index AAA G Sec : 96.96
Bandhan CRISIL IBX Gilt 3.49 Harshal Joshi &
fund investing in constituents of CRISIL 8,294 Equivalent TRI Party Repo/ 2.94 Years 3.05 Years 7.38% 0.41% 0.16% A-III Nil
June 2027 Index Fund@ Years Gautam Kaul
Gilt 2027 Index = 100 Cash eq: 3.04
An open-ended Target Maturity Index AAA G Sec : 97.34
Bandhan CRISIL IBX Gilt 3.97 Harshal Joshi &
fund investing in constituents of CRISIL 4,850 Equivalent TRI Party Repo/ 3.30 Years 3.42 Years 7.39% 0.41% 0.16% A-III Nil
April 2028 Index Fund@@ Years Gautam Kaul
Gilt 2028 Index = 100 Cash eq: 2.66
fund investing in constituents of CRISIL AAA G Sec : 96.22
Bandhan Crisil IBX Gilt IBX Gilt April 2032 Index 7.90 Harshal Joshi & Gautam
329 Equivalent TRI Party Repo/ 5.87 Years 6.08 Years 7.45% 0.46% 0.20% A-III Nil
April 2032 Index Fund Years Kaul
(Min. recommended investment horizon- = 100 Cash eq: 3.78
>3years)
Bandhan CRISIL IBX
90:10 SDL Plus Gilt– 2.37 Mr. Gautam Kaul & Mr.
IBX 90:10 SDL plus Gilt Index – November 109 Equivalent TRI Party Repo/ 2.40 Years 2.49 Years 7.60% 0.41% 0.16% A-III Nil
November 2026 Index Years Harshal Joshi
2026 with Relatively High Interest Rate = 100 Cash eq: 5.05
Fund
Risk and Relatively Low Credit Risk
Bandhan CRISIL IBX
90:10 SDL Plus Gilt– 3.57 Mr. Gautam Kaul & Mr.
IBX 90:10 SDL plus Gilt Index – September 164 Equivalent TRI Party Repo/ 3.01 Years 3.12 Years 7.61% 0.41% 0.16% A-III Nil
September 2027 Index Years Harshal Joshi
2027 with Relatively High Interest Rate = 100 Cash eq: 5.18
Target Maturity Debt Index Funds

Fund
Risk and Relatively Low Credit Risk
Bandhan CRISIL IBX Fund investing in constituents of CRISIL AAA G Sec : 97.05
8.10 Mr. Gautam Kaul & Mr.
90:10 SDL Plus Gilt– IBX 90:10 SDL plus Gilt Index – April 2032 324 Equivalent TRI Party Repo/ 5.86 Years 6.08 Years 7.78% 0.34% 0.16% A-III Nil
Years Harshal Joshi
April 2032 Index Fund with Relatively High Interest Rate Risk = 100 Cash eq: 2.95
and Relatively Low Credit Risk
Liquidity: For very short term parking of surplus or emergency corpus
Core: Ideally form bulk of your allocation – Funds that focus on high credit quality and low to moderate maturity profile
Satellite: Funds that can take higher risk – either duration risk or credit risk or both
Wherever applicable, GSec/SDL yields have been annualized +Asset Quality/Quants calculated is for active fixed income portion (excludes Arbitrage and margin)
^^
The expenses of the scheme will be over and above the expenses charged by the underlying schemes."Funds are sorted as per average maturity in their respective allocation bucket". Refering to this: Bandhan Liquid Fund, Bandhan Low Duration Fund, Bandhan CRISIL IBX Gilt June 2027 Index Fund, Bandhan Corporate.
Standard Deviation calculated basis monthly returns for past one year. ^Corporate Debt Market Development Fund
CD: Certificate of Deposit, CP: Commercial Paper, CB: Corporate Bond, ZCB: Zero Coupon Bond, PTC : First Business Receivables Trust, G Sec : Government Bond, SDL : State Government Bond, TB : Treasury Bill, Swaps : Interest rate Swaps.
@
“Bandhan CRISIL Gilt 2027 Index Fund” has been renamed as “ Bandhan CRISIL IBX Gilt June 2027 Index Fund” with effect from January 12, 2023. @@“Bandhan CRISIL Gilt 2028 Index Fund” has been renamed as “ Bandhan CRISIL IBX Gilt April 2028 Index Fund”
with effect from January 12, 2023.
Foreign investment: Mr. Sreejith Balasubramanian will be managing overseas investment portion of the scheme.
£
The scheme is currently following a ‘roll down’ investment approach on a tactical basis. The portfolio has been repositioned as an approximately 3-year roll down investment approach in Jan-March (JFM) quarter of CY23. This means that post repositioning, ordinarily the average maturity of the scheme’s portfolio is un-
likely to increase significantly and may be expected to generally reduce with the passage of time, subject to intermittent periods of volatility in the maturity profile owing to AUM (Asset Under Management) movement and market conditions. The approach being followed is tactical in nature and would be subject to change
depending on investment opportunities available without prior notice.
££
The scheme is currently following a ‘roll down’ investment approach on a tactical basis and thereby intends to be repositioned in March 2024.Till then, ordinarily the average maturity of the scheme’s portfolio is unlikely to increase significantly and may be expected to generally reduce with the passage of time, subject to
intermittent periods of volatility in the maturity profile owing to AUM movement and market conditions. The approach being followed is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
8
Hybrid Snapshot as on 30th November 2023
Investment Asset Average Modified Macaulay
Scheme Name Positioning AuM (crs) Asset Allocation(%) Std. Dev.@ YTM Exit Load Fund Manager^^
Bucket Quality(%) Maturity Duration Duration
If redeemed/switched out
within 7 days from the date
G-Sec/SDL : 74.08 of allotment:
Equity +ETF
Hybrid fund which offers 15% to (Bandhan Nifty ETF)  Up to 10% of
AAA Equity: Sumit Agrawal & Viraj
Bandhan Regular Savings 25% participation in the equity : 19.69 investment: Nil, for
126 Equivalent= 0.89% 3.67 Years 3.06 Years 3.17 Years 7.43% Kulkarni (w.e.f. 1st July 2022)
Fund*^^ markets & 75% to 90% to be CB : 4.24 remaining investment:
100% CDMD^ : 0.29 Debt: Harshal Joshi
invested in fixed income 0.25% of applicable NAV
Net Current Asset
: 1.69 If redeemed/switched out
after 7 days from date of
allotment: Nil.
If redeemed/switched out
within 7 days from the date
Net Equity : 20.40 of allotment:
Arbitrage : 49.24
Investing in equity, arbitrage and CB : 5.16  Up to 10% of Equity: Sachin Relekar,
debt with net equity exposure AAA G Sec : 1.26 investment: Nil, Nemish Sheth & Viraj
Bandhan Equity Savings
ranging from 20-45% and debt 96 Equivalent= Net Current Asset 0.88% 181 Days 159 Days 169 Days 7.18% For remaining Kulkarni
Fund$^^
exposure ranging from 20-35%, 100% : 14.64 investment: 0.25% of (w.e.f. 1st July 2022)
remaining being in arbitrage Mutual Fund applicable NAV. Debt: Harshal Joshi
Bandhan Cash Fund
: 9.30 If redeemed/switched
out after 7 days from date
of allotment: Nil.
HYBRID FUNDS
Net Equity : 43.14
Dynamically invests between CB : 6.38 Equity: Sachin Relekar (w.e.f.
10% of investment: Nil
Equity and Debt; buys less when Arbitrage : 28.94 1st March 2022), Sumit
AAA Remaining investment: 1%
Bandhan Balanced markets are expensive and more TB : 1.05 Agrawal & Vishal Biraia
2,337 Equivalent= 2.04% 4.19 Years 3.14 Years 3.27 Years 7.47% if redeemed/switched
Advantage Fund^^ when markets are cheap and is CD : 2.95 (w.e.f. 19th June 2023)
100% out within 1 year from the
based on the model that tracks G Sec : 14.85 Debt: Brijesh Shah (w.e.f.
date of allotment
market valuation (PE) Cash & Cash 16th July 2022)
Equivalent : 2.68
Provides a combination of equity
(between 65% and 80%) and Equity = 71.50 10% of investment: Nil Equity: Manish Gunwani
debt (between 20% and 35%) AAA CB = 5.31 Remaining investment: 1% (w.e.f. 28 January, 2023) &
Bandhan Hybrid Equity
so as to provide both stability of 640 Equivalent= G Sec = 19.97 2.99% 3.00 Years 2.52 Years 2.62 Years 7.43% if redeemed/switched Viraj Kulkarni (w.e.f. 1st July
Fund ^^
returns and potential of growth. 100% Net Current Asset out within 1 year from the 2022)
Both equity and fixed income = 3.22 date of allotment Debt: Harshal Joshi
portions are actively managed.
A Retirement Fund that aims Equity = 47.65 10% of investment: Nil Equity: Manish Gunwani
to cushion the downside while AAA Arbitrage : 21.22 Remaining investment: 1% (w.e.f. 28 January, 2023) &
Bandhan Retirement Fund aiming to participate in the 149 Equivalent= G Sec = 26.35 Nil 10.99 Years 6.89 Years 7.14 Years 7.39% if redeemed/switched Viraj Kulkarni (w.e.f. 1st July
upside by dynamically allocating 100% Net Current Asset out within 1 year from the 2022)
between equity and debt. = 4.77 date of allotment Debt: Harshal Joshi
*Monthly income is not assured and is subject to availability of distributable surplus;
Standard Deviation calculated basis monthly returns for the past one year for Regular Savings Fund and for past the three years for Balanced Advantage Fund Fund, Hybrid Equity Fund and Equity Savings Fund
^^
For debt allocation only. Schemes are sorted basis standard deviation. Bandhan Regular Savings Fund (Debt Portion), Bandhan Hybrid Equity Fund (Debt Portion), @is of 30th November 2023.
Foreign investment: ^^Ms. Ritika Behera will be managing for Equity overseas investment portion of the scheme w.e.f. October 07, 2023 & Mr. Sreejith Balasubramanian will be managing overseas for Debt investment portion of the scheme.
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07, 2023.
W.e.f 1st December'21, the benchmark of Bandhan Regular Savings Fund is CRISIL Hybrid 85+15 Conservative Index (Tier 1 ); Bandhan Hybrid Equity Fund is CRISIL Hybrid 35+65 Aggressive Index (Tier 1) ; Bandhan Balanced Advantage Fund is NIFTY 50 Hybrid Composite debt Composite debt 50:50 Index (Tier 1);
Bandhan Equity Savings Fund is CRISIL Equity Savings Index (Tier 1).
Dedicated fund manager for foreign / overseas investment has been changed from Mr. Viraj Kulkarni to Ms. Ritika Behera in Bandhan RSF, Bandhan ESF, Bandhan HEF & US Equity FOF (w.e.f. from 1st July 2022)
Mr. Anoop Bhaskar managed Bandhan Core Equity Fund, Bandhan Flexi Cap Fund, Bandhan Sterling Value Fund, Bandhan Small Cap Fund, Bandhan Hybrid Equity Fund (Equity Portion) till 27th January 2023.
Ms. Ritika Behera manages 1 scheme of Bandhan Mutual Fund and manages overseas investment portion of the of Equity & Hybrid schemes.
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”)
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023 on invest-
ment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest percentage of net assets in the units of the CDMDF.
9
Commentary - Equity Outlook
How has the global market performed?
Global equities observed a

relative improvement over last
month across geographies. (MSCI
World -4% MoM / +2.21% FYTD).
India delivered +1.54% MoM

returns (+14.43% FYTD)
outperforming across the board.
Source: Bloomberg, Returns are absolute in USD terms as of Nov '23 (All Indices are respective country MSCI Index, World is MSCI AC World,
Developed Markets is MSCI World and Emerging Markets is MSCI Emerging Markets Index)
Comparative: India's performance has lagged on CYTD but leads the pack across all other horizons and
geographies
Source: Bloomberg, Data as of Nov '23. (India is the MSCI India Index, World is the MSCI AC World Index, Developed Markets is the MSCI World
Index, and Emerging Markets is the MSCI Emerging Markets Index.)
10
How has the Indian Market performed?
Source: Bloomberg, Data as of Nov '23
BSE100 was up 3.0% MoM. Auto

(+9.3% MoM) and Oil & Gas
(+8.0% MoM) were the strongest
sectors in the month.
The Indian market recovered
from the previous month, with
equities performing relatively
well across capitalizations. Small
Caps outperformed across
majority of the horizons.
Source: Bloomberg, Data as of Nov '23 (All Indices are S&P BSE Index of respective sectors)
Market Performance
Source: Bloomberg, Data as of Nov '23
11
Macro Economics trends Imports observe a reversal, hitting peak numbers CYTD, while Exports see a de-
clining trend.
Source: Bloomberg, PIB, Data as of Nov '23
Equity Outlook
The markets have been on a strong run post the bottom in October, aided by momentum in global markets. The
US market was up nearly 10% in November. The recent state election results in which the ruling party recorded
significant wins have further aided market sentiments. The fall in US bond yields has been pretty sharp, leading to
the dollar's weakening. It has helped improve foreign flows, which have increased in the last few weeks.
We continue to favour domestic businesses over global and are overweight on autos, industrials, financials, etc.
Valuations have become high across the board, given the recent run-up. However, prospects of a soft landing in the
US have significantly improved, which may keep the momentum strong.
12
Commentary - Debt Outlook
India’s nominal GDP growth increased to 9.1% y/y in the September quarter, from 8% in the June quarter. Real GDP growth was
above expectation at 7.6% (after 7.8% in June). Real growth was driven by a pickup in year-on-year investment and government
consumption while private consumption growth moderated (3.1% after 6% in June). On the supply side, growth in manufacturing,
utilities and construction picked up while that in agriculture and services moderated on a real y/y basis. Growth in real Core-GVA
(GVA excluding Agriculture, forestry & fishing and Public administration, defense & other services), on a y/y basis, eased slightly
to 8.4% from 8.7% in June. The June and September numbers follow headline nominal GDP growth of 16.1% in FY23 (18.4% in
FY22) and real GDP growth of 7.2% (9.1% in FY22).
On central government fiscal data for April-October, net tax revenue growth was up 11.2% y/y, as corporate and income taxes
picked up in September, although the former fell in y/y terms in October. Total expenditure was up 11.7%y/y, with both revenue
and capital expenditure easing in y/y terms in October. Fiscal deficit so far is 45% of the budget estimate vs. 43.7% during the
same period last year (latter as % of provisional actuals). In terms of financing the fiscal deficit, small savings collection was
stronger by around Rs. 64,000cr from the same period of last year. In November, GST collection was at Rs. 1.68 lakh crore and
15% y/y.
After the spike in India’s Consumer Price Index (CPI) inflation to 7.4% y/y in July, mainly driven by the surge in tomato prices,
it eased to 6.8% in August, 5% in September and 4.9% in October. However, food and beverages price momentum turned
positive in October as vegetables and fruits price momentum turned positive. Prices of cereals, pulses, sugar and spices have
also been rising. Core inflation (CPI excluding food and beverages, fuel and light), which averaged 6.1% in FY23, moderated in
recent months and eased further to 4.2% y/y in October, also due to base effects. Real time prices of onions and tomatoes have
risen sharply while that of cereals and pulses have moved up further. Further, global weather forecasting agencies predict El
Niño (typically associated with lesser rainfall in India and thus lower agriculture production) to continue into 2024. Meanwhile,
government has been taking various supply side measures related to procurement, open market sales, international trade, price
rise mitigation, etc.
Industrial production (IP) growth was 5.8% y/y in September after 10.3% in August. On a seasonally adjusted month-on-
month basis, it was -2% in September after +1.4% in August. Output momentum turned negative for all categories (primary,
capital, intermediate, infrastructure & construction, consumer durable goods and consumer non-durable goods). Infrastructure
Industries output (40% weight in IP) increased 0.3% m/m (seasonally adjusted) in October, as output momentum in various sub-
categories turned positive from September.
Bank credit outstanding as on 17th November was 20.6% y/y, including the impact of the merger of a non-bank with a bank
from 01 July 2023. Excluding this, credit growth had been moderating from late October 2022. Latest bank deposit growth is
at 13.6%. Credit flow in FY23 was much higher than in the previous two financial years with strong flows to personal loans (38%
of total flow) and services (33% of total flow). Credit flow so far in FY24 (Apr-October) has also been higher towards personal
loans and services. More recently, on 16th November, the RBI raised risk weights for commercial banks’ and NBFCs’ categories
of unsecured personal loans (including bank credit to NBFCs).
Merchandise trade deficit for October increased sharply to USD 31.5bn from USD 19.4bn in September. In October, oil trade
deficit increased m/m by USD 4.2bn, gold imports by USD 3.1bn and non-oil-non-gold imports by USD 4.4bn. However, services
trade surplus (which surprised to the upside from late 2022 with an average monthly surplus of USD 13.3bn in H2 FY23 vs. USD
10.9bn in H1 FY23) was at USD 14.4bn in October after USD 13.8bn in September. This averaged USD 11.7bn in Q1 FY24 and
USD 13.3bn in Q2 FY24.
Among higher-frequency variables, number of two-wheelers registered improved since end of August and picked up sharply in
November due to the festive season. Energy consumption levels have averaged -3.9% y/y during the week ending 06 December
2023. Monthly number of GST e-way bills was stronger at 10cr units in October (after 9.2cr units in September), but moderated
to 8.8cr in November, and averaged 9.1cr in the September quarter.
US headline CPI was at 3.2% y/y in October, after 3.7% in August and September. In October, price momentum in energy
goods and used vehicles turned negative and that in rent of shelter moderated. Core CPI was at 4% in October after 4.1% in
September. Sequential momentum in headline CPI, core CPI and non-housing-core-services moderated. US non-farm payroll
addition in October (150,000 persons) was below expectation and growth in average hourly earnings moderated to 0.2% m/m
from 0.3% in September. The unemployment rate inched up while the labour force participation moved down. Non-farm job
openings as per the Job Openings and Labor Turnover Survey (JOLTS) fell and was below expectation in October, although it
tends to be volatile at times. The job-opening-to-hires ratio for the non-farm sector is now 1.48, off the peak of 1.83 in March
2022 but higher than the pre-pandemic average of 1.18 in Jan-Feb 2020.
The FOMC (Federal Open Market Committee), left its policy rate unchanged again at its meeting in November (after doing the
same in September) at 5.25-5.50%. The last hike was in July, after pausing in June and hiking rates at every meeting from March
2022 to May 2023. It said the risks of under-doing vs. over-doing (on policy rate hikes) are more two-sided now. It also said tighter
financial and credit conditions are likely to weigh on economic activity. It acknowledged the recent significant tightening in
financial conditions, driven by higher longer-term bond yields and other factors, and said persistent change in financial conditions
can have implications for the path of monetary policy.
Outlook
The MPC kept repo rate and stance unchanged in the December’23 policy review as was widely expected. Unlike recent previous
policy reviews, and much to the relief of the market, there was lesser to read under the hood this time around as well. The real
GDP forecast for the current financial year has been raised by 50 bps to 7%. This reflects not just a stronger than expected Q2
13
but also some nudging up of growth for the rest of the year as well. RBI expects growth momentum to largely continue into
the next year, largely reflecting domestic strengths even as the global outlook remains more two-sided. Somewhat surprisingly,
despite an ongoing food shock leading to expectations of higher next two readings, RBI has left its near term CPI forecast
unchanged. The addition to FY25 forecasts are largely as per market expectations.
The policy emphasis remains on an active disinflationary stance in pursuit of the 4% target sustainably. The primary impediments
to this are in the form of persistent food shocks that have potential to derail inflationary expectations. However, the comfort
thus far is that this isn’t as yet seen in inflation expectation surveys of households and core inflation remains well behaved.
Additionally, a host of global commodity prices have cooled off and government supply measures remain proactive locally.
Of most relevance to the bond market, in the policy, was the lack of any commitment on future OMO bond sales. The Governor
acknowledged that owing to factors like higher currency leakage, government cash balances, and RBI operations, system
liquidity tightened significantly compared with what RBI had assessed in October and hence the need for OMOs hadn’t arisen
yet. That said, RBI expects liquidity conditions to ease going forward on government spending. Also the commitment to nimbly
manage liquidity remains, thereby not entirely taking away the threat of OMO sales. On our part we continue to see core
liquidity surplus diminishing to INR 1 lakh crores or lower by the end of the financial year as the Jan – Mar quarter sees
heavy leakage of currency, even considering that the y-o-y growth rate of this variable is quite muted. The calculation
on core liquidity assumes no meaningful capital inflow led incremental liquidity creation. Thus we don’t see threat of
any meaningful OMO sales, even as sporadic amounts cannot be entirely ruled out.
An important point to note also is that RBI seems happy with the pace at which its balance sheet has moderated as
a percentage of GDP, from 28.6% in FY 21 to 21.6% currently. Thus apart from near term liquidity considerations as
discussed above, there isn’t any need for active asset sale to manage balance sheet size for macro-economic reasons.
Even as repo rate has been on hold for most of the year, RBI has nevertheless re-commenced incremental tightening
over the past few months. One, there has been a clear higher tolerance exhibited recently with overnight rates at MSF rather
than at repo. This has been persistent enough for the market to now price the money market curve starting at 6.75% rather than
at 6.5%. Two, while the recent risk weight hike was to mitigate potential risk buildup in a certain section of credit, the effect will
nevertheless be to make consumer leverage somewhat more expensive. Ceteris paribus, this further takes away the need to do
anything more on monetary policy even as all options are still kept on the table as should be for any prudent central bank. Thus,
it is quite reasonable, in our view, to conclude that the rate cycle has peaked.
The next question is: given a robust assessment of FY25 GDP forecast and CPI not coming down to 4% sustainably even in that
year, where is the scope for monetary easing? In answering this we draw inspiration (not actual quotes) from the Governor’s
own response to a question in the post policy media conference. The world is a very uncertain place and hence one shouldn’t
be too deterministic about the future. To elaborate further (our own), global growth will likely slow further going ahead as
the US finally slows. While our domestic drivers are strong, government spending is unlikely to remain at the pace it has been
so far. Consumer leverage will likely slow down as well. And if the world is a more uncertain place, then a broad based private
capex cycle may also get pushed back. Thus it is possible that growth turns out to be slower than currently forecasted. Put
another way, as with other parts of the world, India too may enter a period of below trend growth. This may open up
space for some monetary easing.
A connected point is this: there is a view in the market that RBI will neutralize most of the bond inflow related to
index inclusion with OMO sales of its own. However, it is probable that the monetary policy stance is less tight by then.
Consequently, the tolerance for the ‘excess’ liquidity created may be greater by then thereby not leading to one to
one matching with OMO sales. An additional point we have made before is also that annual currency leakage is of the
order of INR equivalent of USD 30 billion. Given that the new financial year may start with relatively low levels of core
liquidity, this may be an additional point to not try and neutralize all incoming flows via bond sales. A third point has
been provided by the Governor and referred to above: the central bank has no discomfort with the size of its balance
sheet as a percentage of GDP. Thus it may be quite comfortable allowing its balance sheet size to rise with growth in
GDP.
All told, we find bond valuations are attractive and the yield curve is reasonably positive sloping even at peak policy
rates. Additionally, there are 3 reasons why we think it is time for investors to seriously consider extending bond
allocations: 1> A likely global cycle peak 2> India’s benign current account dynamics arguing for stable long term rates 3>
Probable greater internationalization of interest in Indian bonds with the proximate trigger being the index inclusion.
In our view, it is time to elongate portfolio maturities, especially considering very short end allocations done over the
past year or so given high rate volatility and attractive bank deposit rates. One way to hedge upcoming reinvestment
risks is to increase maturity on new investments being made today. We retain an overweight 14 year government bond
stance in our actively managed bond and gilt funds. We also think that the recent widening of credit spreads will likely
continue, thereby making quality fixed income the most attractive on a risk-adjusted basis.
Source: CEIC, PIB, US Federal Reserve, Bandhan MF Research
Date: As on latest data available.
14
Bandhan Large Cap Fund§ Click here to Know more
Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks
30th November 2023
FUND FEATURES PORTFOLIO

Name Rating % of NAV Name Rating % of NAV
Size
Equity and Equity related Instruments 93.82% Power 2.92%
Banks 26.69% 
NTPC 2.92%
Large Cap 
HDFC Bank 9.81% Beverages 2.74%

ICICI Bank 9.49% Varun Beverages 2.74%

IndusInd Bank 3.44% Consumable Fuels 2.64%
Mid Cap Axis Bank 2.88% Coal India 2.64%
The Jammu & Kashmir Bank 1.07% Cement & Cement Products 2.53%
IT - Software 11.83% Grasim Industries 2.53%

Infosys 4.93% Consumer Durables 2.04%
Small Cap 
Tata Consultancy Services 3.37% Titan Company 1.58%
Style Growth Blend Value LTIMindtree 2.00% Eureka Forbes 0.46%
HCL Technologies 1.03% Electrical Equipment 1.65%
About the Fund: • A Large Cap fund with opportunistic mid/ Tech Mahindra 0.50% Inox Wind 1.65%
small cap allocation up to 20% Automobiles 11.27% Retailing 1.63%
• Focuses on investing in the right sectors as well investing 
Tata Motors 2.97% Trent 1.63%
in sector leader companies.
Bajaj Auto 2.30% Transport Services 1.28%
• Fund has a “Growth” and “Quality” oriented investment
style with emphasis on visibility of earnings and healthy Mahindra & Mahindra 1.80% InterGlobe Aviation 1.28%
return ratios Maruti Suzuki India 1.71% Realty 1.22%
TVS Motor Company 1.38% The Phoenix Mills 0.69%
Category: Large Cap Landmark Cars 1.11% DLF 0.54%
Monthly Avg AUM: ` 1,160.35 Crores Petroleum Products 7.74% Industrial Products 0.73%

Reliance Industries 7.74% Bharat Forge 0.73%
Month end AUM: ` 1,193.83 Crores Diversified FMCG 4.96% IT - Services 0.54%
Inception Date: 9 June 2006

ITC 4.96% L&T Technology Services 0.54%
Construction 4.19% Leisure Services 0.52%
Fund Manager^^: Mr. Sumit Agrawal & Mr. Sachin Relekar 
Larsen & Toubro 4.19% The Indian Hotels Company 0.52%
(w.e.f. 1st March 2022). Pharmaceuticals & Biotechnology 3.73% Mutual Fund Units 0.85%
Other Parameter: Sun Pharmaceutical Industries 1.32% Bandhan Liquid Fund -Direct Plan-Growth 0.85%
Mankind Pharma 1.28% Corporate Bond 0.003%
Beta 0.93 Cipla 0.61% Britannia Industries AAA 0.003%
R Squared 0.93 Lupin 0.52% Net Cash and Cash Equivalent 5.32%
Finance 3.00% Grand Total 100.00%
Standard Deviation (Annualized) 12.90% Cholamandalam Investment and Finance Company 1.94% 
Top 10 Equity Holdings
Sharpe* 0.68 Shriram Finance 1.05%
Portfolio Turnover Ratio

Equity 1.04
Aggregate^ 1.07
Total Expense Ratio SECTOR ALLOCATION MARKET CAP

Regular 2.14%
Sector Weight in Fund Weight in Index
Direct 0.94% Banks 28.4% 24.0%
NBFCs 3.2% 7.6%
Benchmark: S&P BSE 100 TRI
Auto 12.8% 7.2%
(w.e.f. April 18, 2017)
Information Technology 13.2% 11.1%
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments) Consumer Discretionary 4.5% 6.4%
Manufacturing 1.8% 1.8%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Health Care 4.0% 5.0%
SIP Dates (Monthly/Quarterly)@@: Investor may choose Consumer Staples 8.2% 8.9%
any day of the month except 29th, 30th and 31st as the Infrastructure 4.5% 3.0%
date of installment. Oil & Gas 8.2% 8.5%
Utilities 3.1% 3.8% Large Cap 85.48%
Investment Objective: Refer Pg No from 82 to 83 Metals 2.8% 4.4% Mid Cap 4.05%
Minimum Investment Amount : ` 1,000/- and any amount Cement / Building Mat 2.7% 2.6% Small Cap 4.29%
thereafter Industrial Services 1.4% 1.0% Cash$$ 6.18%
Real Estate 1.3% 0.8%
Option Available: Growth, IDCW$ (Payout, Reinvestment
and Sweep (from Equity Schemes to Debt Schemes only))
Exit Load: If redeemed/switched out within 365 days from

the date of allotment:
This product is suitable for investors
Up to 10% of investment: Nil, Scheme risk-o-meter Benchmark risk-o-meter
who are seeking*
For remaining investment: 1% of applicable NAV
If redeemed / switched out after 365 days from date of
allotment: Nil. (w.e.f. June 25, 2021) • To create wealth over long term.
NAV (`) as on November 30, 2023 • Investment predominantly in equity and
equity related instruments of the large cap
Regular Plan Growth 57.38 companies.
Regular Plan IDCW$ 19.52
*Investors should consult their financial
^^Ms. Ritika Behera will be managing for Equity overseas advisers if in doubt about whether the
product is suitable for them. Investors understand that their principal S&P BSE 100 TRI
investment portion of the scheme w.e.f. October 07, 2023. will be at Very High risk
Performance Table
Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
Since Inception Since Inception
1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
Jun 09, 2006 Jun 09, 2006
Bandhan Large Cap Fund 12.14% 15.71% 13.17% 12.19% 10.51% 11,214 15,511 18,568 31,631 57,375
S&P BSE 100 TRI# 10.10% 18.19% 14.76% 13.90% 13.16% 11,010 16,531 19,910 36,779 86,858
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 13.16% 10,847 16,086 19,646 36,819 86,953
Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages. The
performances given are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 6.90% (FBIL OVERNIGHT MIBOR as on 30th November 2023). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. ##Additional Benchmark Returns. Current Index performance adjusted for the period from since inception to April 18, 2017 with the performance of Nifty 50 TRI (Benchmark)
Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index (Benchmark)
The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 2017, $Income Distribution and Capital Withdrawal.
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. $$Cash equivalents and other than equity instruments (if any).
§
With effect from 13th March 2023, the name of “IDFC Large Cap Fund” has changed to “Bandhan Large Cap Fund”.
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with
effect from October 07, 2023.
15
Bandhan Small Cap Fund§ Click here to Know more
(formerly Bandhan Emerging Businesses Fund)
Small Cap Fund – An open ended equity scheme predominantly investing in small cap stocks
30th November 2023

Name % of NAV Name % of NAV
Size Equity and Equity related Instruments 90.35% 
eClerx Services 1.77%
Finance 13.55% Updater Services 0.75%

REC 2.04% Quess Corp 0.45%

Manappuram Finance 1.75% Retailing 2.87%
Large Cap 
Power Finance Corporation 1.69% Info Edge (India) 1.13%

Cholamandalam Financial Holdings 1.59% Zomato 0.83%
Shriram Finance 1.12% Aditya Birla Fashion and Retail 0.47%
PNB Housing Finance 0.83% V-Mart Retail 0.36%
Fedbank Financial Services 0.78% Electronics Mart India 0.09%
Home First Finance Company India 0.77% Cement & Cement Products 2.75%
Mid Cap Ujjivan Financial Services
Indian Renewable Energy Development Agency
0.70%
0.56%
JK Lakshmi Cement
Grasim Industries
1.18%
0.84%
IDFC 0.52% Orient Cement 0.43%
Mas Financial Services 0.44% Nuvoco Vistas Corporation 0.29%
Repco Home Finance 0.39% Realty 2.55%
Piramal Enterprises 0.30% Kolte - Patil Developers 1.09%
Rane Holdings 0.07% Sobha 0.75%
Small Cap Industrial Products 6.89% Keystone Realtors 0.56%

Shaily Engineering Plastics 1.71% Mahindra Lifespace Developers 0.15%
Carborundum Universal 0.88% Ferrous Metals 2.15%
Style Growth Blend Value Kirloskar Brothers 0.81% Kirloskar Ferrous Industries 1.16%
RHI Magnesita India 0.73% Jindal Stainless 0.98%
Graphite India 0.66% Healthcare Services 2.02%
KEI Industries 0.57% Krishna Institute of Medical Sciences 0.61%
About the Fund: Fund focuses on building a Godawari Power And Ispat 0.40% Yatharth Hospital And Trauma Care Services 0.52%
R R Kabel 0.39% Krsnaa Diagnostics 0.46%
diversified portfolio within the small cap segment. Finolex Cables 0.33% Narayana Hrudayalaya 0.44%
Portfolio will contain buy and hold strategies Finolex Industries 0.32% Diversified 1.43%
Sundaram Clayton 0.10% Godrej Industries 1.08%
as well as opportunistic picks in the cyclical space. Auto Components 4.91% DCM Shriram 0.35%
TVS Holdings 1.27% Petroleum Products 1.41%
Fund may also look to participate in new businesses via Wheels India 0.95% Hindustan Petroleum Corporation 0.96%
IPOs. Alicon Castalloy 0.74% Gulf Oil Lubricants India 0.45%
Exide Industries 0.67% Telecom - Services 1.38%
CIE Automotive India 0.39% 
Bharti Airtel 1.38%
Steel Strips Wheels 0.32% Beverages 1.35%
Category: Small Cap Fund Amara Raja Energy & Mobility 0.31% Radico Khaitan 1.35%
Lumax Auto Technologies 0.25% Agricultural Food & other Products 1.28%
Electrical Equipment 4.87% Triveni Engineering & Industries 1.28%
Monthly Avg AUM: ` 2,729.39 Crores

Apar Industries 2.35% Transport Services 1.22%
Suzlon Energy 0.64% VRL Logistics 0.76%
Inox Wind 0.58% The Great Eastern Shipping Company 0.43%
Hitachi Energy India 0.47% Transport Corporation of India 0.04%
Month end AUM: ` 3,224.83 Crores Bharat Heavy Electricals 0.43% IT - Software 1.12%
Rishabh Instruments 0.39% Birlasoft 1.12%
Pharmaceuticals & Biotechnology 4.66% Leisure Services 1.09%
Inception Date: 25 February 2020 Piramal Pharma 0.88% Yatra Online 0.59%
Abbott India 0.67% Westlife Foodworld 0.50%
FDC 0.64% IT - Services 1.03%
Aurobindo Pharma 0.61% Cyient 0.56%
Fund Manager^^: Mr. Manish Gunwani (w.e.f. 28 January, JB Chemicals & Pharmaceuticals 0.52% Affle (India) 0.48%
Suven Pharmaceuticals 0.52% Food Products 1.02%
2023) & Mr. Kirthi Jain (w.e.f. 05 June, 2023). Gland Pharma 0.33% Heritage Foods 0.53%
Blue Jet Healthcare 0.32% Avanti Feeds 0.49%
Concord Biotech 0.17% Industrial Manufacturing 0.97%
Other Parameter: Glenmark Life Sciences 0.01% Syrma SGS Technology 0.97%
Beta 0.85 Consumer Durables 4.43% Consumable Fuels 0.91%
Senco Gold 1.24% Coal India 0.91%
R Squared 0.87 Mayur Uniquoters 1.06% Oil 0.88%
Standard Deviation (Annualized) 16.52% Greenply Industries 0.67% Oil India 0.88%
Blue Star 0.65% Construction 0.76%
Sharpe* 1.41 Stove Kraft 0.65% NCC 0.41%
Butterfly Gandhimathi Appliances 0.15% Kalpataru Projects International 0.28%
Capital Markets 4.23% Power Mech Projects 0.07%
Angel One 1.17% Power 0.73%
Portfolio Turnover Ratio Multi Commodity Exchange of India 1.09% NLC India 0.73%
Equity 0.87 ICICI Securities 0.81% Entertainment 0.71%
BSE 0.68% Zee Entertainment Enterprises 0.71%
Aggregate^ 0.87 UTI Asset Management Company 0.48% Minerals & Mining 0.70%
Textiles & Apparels 3.71% MOIL 0.70%

Arvind 2.18% Paper, Forest & Jute Products 0.69%
Total Expense Ratio

Nitin Spinners 1.54% Century Textiles & Industries 0.69%
Banks 3.36% Aerospace & Defense 0.55%
Regular 1.87% The Karnataka Bank 1.12% Bharat Dynamics 0.55%
DCB Bank 0.62% Non - Ferrous Metals 0.51%
Direct 0.33% Axis Bank 0.49% National Aluminium Company 0.51%
Bandhan Bank 0.42% Gas 0.43%
RBL Bank 0.40% Gujarat State Petronet 0.43%
Benchmark: S&P BSE 250 SmallCap TRI The South Indian Bank 0.31% Household Products 0.42%
Chemicals & Petrochemicals 3.16% Jyothy Labs 0.42%
PCBL 1.09% Automobiles 0.41%
Chemplast Sanmar 0.63% Landmark Cars 0.41%
SIP (Minimum Amount): ` 100/- and in multiples of Rs.1 Vishnu Chemicals 0.63% Cigarettes & Tobacco Products 0.27%
thereafter NOCIL 0.48% Godfrey Phillips India 0.27%
Fine Organic Industries 0.26% Net Cash and Cash Equivalent 9.65%
Rossari Biotech 0.07% Grand Total 100.00%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Commercial Services & Supplies 2.97% 
SIP Dates (Monthly/Quarterly)@@: Investor may choose SECTOR ALLOCATION MARKET CAP
any day of the month except 29th, 30th and 31st as the
date of installment. Sector Weight in Fund Weight in Index
Banks 3.7% 3.9%
Investment Objective: Refer Pg No from 82 to 83 NBFCs 19.6% 14.8%
Auto 7.8% 4.8%
Minimum Investment Amount: ` 1,000/- and any amount Consumer Discretionary 9.4% 11.0%
thereafter Health Care 7.4% 10.2%
Consumer Staples 2.8% 3.1%
Option Available: The Scheme offer IDCW@ Option & Infrastructure 0.8% 4.6%
Oil & Gas 2.0% 0.2%
Growth Option. IDCW@ Option under each Plan further Utilities 1.3% 2.3%
offers of choice of Payout & Sweep facilities. Metals 4.6% 4.3%
Cement / Building Mat 4.1% 3.1% Large Cap 4.45%
Industrial Services 2.7% 2.8% Mid Cap 14.16%
Exit Load: 1% if redeemed/switched out within 1 year Chemicals 5.1% 6.1%
from the date of allotment Telecommunication Services 1.5% 1.1% Small Cap 71.74%
Real Estate 2.8% 2.5% Cash$$ 9.65%
Other Commodities 8.5% 4.9%
NAV (`) as on November 30, 2023 This product is suitable for investors
Scheme risk-o-meter Benchmark risk-o-meter
Regular Plan Growth 30.41 who are seeking*
Regular Plan IDCW@ 26.08
• To create wealth over long term.
• Investment in equity and equity related
^^Ms. Ritika Behera will be managing for Equity overseas instrument of small cap companies.
investment portion of the scheme w.e.f. October 07, 2023.
advisers if in doubt about whether the
product is suitable for them. Investors understand that their principal S&P BSE 250 SmallCap TRI
will be at Very High risk
Performance Table
1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
Feb 25, 2020 Feb 25, 2020
Bandhan Small Cap Fund 41.11% 30.14% NA 34.38% 14,111 22,086 NA 30,413
S&P BSE 250 SmallCap TRI# 35.53% 33.15% NA 29.58% 13,553 23,663 NA 26,525
Nifty 50 TRI## 8.47% 17.12% NA 16.66% 10,847 16,086 NA 17,861
The scheme has been in existence for more than 1 year but less than 5 years. Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
The performances given are of regular plan growth option. For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages,
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal. Mr. Anoop Bhaskar was managing this Scheme till 27th January 2023.
@@
§
With effect from 28th November 2023, the name of “Bandhan Emerging Businesses Fund” has changed to “Bandhan Small Cap Fund”
16
Bandhan Core Equity Fund§ Click here to Know more
Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
30th November 2023

Size Equity and Equity related Instruments 94.74% Capital Markets 2.91%
Banks 13.41% Angel One 1.20%

HDFC Bank 3.72% HDFC Asset Management Company 1.17%
Large Cap

Axis Bank 3.70% BSE 0.54%

ICICI Bank 2.89% Consumer Durables 2.88%
AU Small Finance Bank 1.11% Crompton Greaves Consumer Electricals 1.11%
Union Bank of India 1.07% Titan Company 0.55%
Bandhan Bank 0.92% Metro Brands 0.51%
Pharmaceuticals & Biotechnology 8.12% Voltas 0.45%
Mid Cap Abbott India 1.43% Senco Gold 0.25%
Aurobindo Pharma 1.11% Diversified FMCG 2.35%
Lupin 1.08% 
ITC 2.35%
Cipla 0.92% Construction 2.14%
Piramal Pharma 0.79% 
Larsen & Toubro 1.95%
Small Cap Alkem Laboratories 0.77% Power Mech Projects 0.19%
IPCA Laboratories 0.73% Minerals & Mining 2.02%
Laurus Labs 0.54% NMDC 1.25%
Style Growth Blend Value Biocon 0.41% MOIL 0.77%
Gland Pharma 0.33% Ferrous Metals 2.00%
About the Fund: Bandhan Core Equity Fund is a diversified Finance 8.05% Jindal Steel & Power 1.05%

Power Finance Corporation 1.58% Jindal Stainless 0.94%
equity fund with a large and mid cap bias currently. The REC 1.37% Non - Ferrous Metals 1.98%
focus of the fund is to build a portfolio of Quality companies Shriram Finance 1.23% 
Hindalco Industries 1.98%
Cholamandalam Financial Holdings 1.11% Telecom - Services 1.95%
while being cognizant of the relative valuation. Sundaram Finance 1.00% 
Bharti Airtel 1.95%
M&M Financial Services 0.56% Insurance 1.88%
Home First Finance Company India 0.49% Max Financial Services 1.19%
Category: Large & Mid Cap Piramal Enterprises 0.44% Star Health And Allied Insurance Company 0.69%
Mas Financial Services 0.29% Transport Services 1.58%
Monthly Avg AUM: ` 3,051.87 Crores Auto Components 5.51% InterGlobe Aviation 0.68%
UNO Minda 1.47% Container Corporation of India 0.55%
Exide Industries 1.11% VRL Logistics 0.35%
Month end AUM: ` 3,185.11 Crores Bosch 1.05% Power 1.48%
Wheels India 0.75% NHPC 1.48%
Inception Date: 9 August 2005 Endurance Technologies 0.74% Industrial Products 1.47%
Sona BLW Precision Forgings 0.39% Cummins India 1.00%
IT - Software 4.99% APL Apollo Tubes 0.48%
Fund Manager^^: Mr. Manish Gunwani (w.e.f. 28 January, 
Infosys 3.20% Consumable Fuels 1.45%
2023) & Rahul Agarwal (w.e.f. 28 August, 2023). Persistent Systems 0.60% Coal India 1.45%
Tech Mahindra 0.59% Oil 1.36%
MphasiS 0.59% Oil India 0.93%
Other Parameter: Retailing 4.96% Jindal Drilling And Industries 0.43%
Beta 0.91 Zomato 1.40% Cement & Cement Products 1.01%
Info Edge (India) 1.30% Grasim Industries 1.01%
R Squared 0.92 Trent 1.14% Entertainment 0.96%
Aditya Birla Fashion and Retail 1.12% Zee Entertainment Enterprises 0.96%
Standard Deviation (Annualized) 13.25% Petroleum Products 4.92% Chemicals & Petrochemicals 0.87%

Reliance Industries 3.37% Solar Industries India 0.44%
Sharpe* 1.30 Indian Oil Corporation 0.95% Vishnu Chemicals 0.43%
Hindustan Petroleum Corporation 0.60% Beverages 0.73%
Portfolio Turnover Ratio Electrical Equipment 4.03% Varun Beverages 0.73%
Apar Industries 1.42% Healthcare Services 0.61%
Equity 1.45 KEC International 0.67% Apollo Hospitals Enterprise 0.61%
Aggregate^ 1.45 Hitachi Energy India 0.66% Diversified 0.58%
Bharat Heavy Electricals 0.59% 3M India 0.58%
Inox Wind 0.47% Leisure Services 0.55%
Total Expense Ratio GE T&D India 0.23% Devyani International 0.55%
Regular 1.94% Automobiles 3.99% Fertilizers & Agrochemicals 0.47%
Tata Motors 1.39% UPL 0.47%
Direct 0.77% TVS Motor Company 1.35% Textiles & Apparels 0.09%
Hero MotoCorp 1.26% Nitin Spinners 0.09%
Realty 3.38% Commercial Services & Supplies 0.05%
Benchmark: NIFTY LargeMidcap 250 TRI Macrotech Developers 1.14% Nesco 0.05%
(w.e.f. 7th October 2019) Sobha 1.05% Net Cash and Cash Equivalent 5.26%
Kolte - Patil Developers 0.56% Grand Total 100.00%
SignatureGlobal (India) 0.39%
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments) Prestige Estates Projects 0.25%

SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)

SECTOR ALLOCATION MARKET CAP
SIP Dates (Monthly/Quarterly)@@: Investor may choose
date of installment.
Banks 14.2% 17.1%
Investment Objective: Refer Pg No from 82 to 83 NBFCs 13.6% 10.3%
Auto 10.0% 8.8%
Minimum Investment Amount : ` 1,000/- and any amount Information Technology 6.6% 9.3%
thereafter Consumer Discretionary 8.5% 8.4%
Option Available: Growth, IDCW$ - (Payout, Reinvestment
Health Care 9.2% 7.6%
Exit Load:If redeemed/switched out within 365 days Infrastructure 3.0% 2.3%
from the date of allotment: Oil & Gas 6.6% 5.4%
Upto 10% of investment:Nil, Utilities 1.6% 4.1%
For remaining investment: 1% of applicable NAV. Metals 8.4% 4.1% Large Cap 41.70%
Cement / Building Mat 1.1% 3.7%
If redeemed / switched out after 365 days from date of Mid Cap 38.77%
Industrial Services 1.7% 1.3%
allotment: Nil. (w.e.f. May 08, 2020) Small Cap 14.27%
Chemicals 1.4% 3.5%
Telecommunication Services 2.1% 2.1% Cash$$ 5.26%
NAV (`) as on November 30, 2023 Real Estate 3.6% 2.2%
Regular Plan Growth 94.08
Regular Plan IDCW$ 23.75 This product is suitable for investors
who are seeking*

^^Ms. Ritika Behera will be managing for Equity overseas • Investment predominantly in equity and
investment portion of the scheme w.e.f. October 07, 2023. equity related instruments in large and mid-
cap companies.
product is suitable for them. Investors understand that their principal NIFTY LargeMidcap 250 TRI
Performance Table
Aug 09, 2005 Aug 09, 2005
Bandhan Core Equity Fund 24.37% 24.08% 16.55% 15.34% 13.01% 12,437 19,136 21,518 41,703 94,075
NIFTY LargeMidcap 250 TRI# 19.92% 23.34% 18.00% 18.05% 15.26% 11,992 18,796 22,884 52,641 1,34,846
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 13.91% 10,847 16,086 19,646 36,819 1,08,721
Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future.
For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages. The performances given are of regular plan growth option.
#
Benchmark Returns. ##Additional Benchmark Returns, $Income Distribution and Capital Withdrawal. Mr. Anoop Bhaskar was managing this Scheme till 27th January 2023.
@@
§
With effect from 13th March 2023, the name of “IDFC Core Equity Fund” has changed to “Bandhan Core Equity Fund”
17
Bandhan Flexi Cap Fund§ Click here to Know more
An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks
30th November 2023
Size Name % of NAV Name % of NAV

Equity and Equity related Instruments 93.42% Telecom - Services 2.71%
Banks 18.57% 
Bharti Airtel 2.71%
Large Cap 
ICICI Bank 8.02% Chemicals & Petrochemicals 2.58%

HDFC Bank 6.67% Fine Organic Industries 1.30%

Axis Bank 3.44% SRF 0.82%
IDFC First Bank 0.45% Aether Industries 0.47%
Mid Cap IT - Software 8.87% Industrial Manufacturing 2.48%

Infosys 4.66% Praj Industries 1.27%
Tata Consultancy Services 2.00% Titagarh Rail Systems 0.91%
MphasiS 1.01% Kaynes Technology India 0.29%
KPIT Technologies 0.61% Beverages 2.29%
Small Cap Coforge 0.59% 
Varun Beverages 2.29%
Industrial Products 6.52% Pharmaceuticals & Biotechnology 2.27%
Style Growth Blend Value APL Apollo Tubes 1.52% Sun Pharmaceutical Industries 1.01%
Supreme Industries 1.51% Cipla 1.00%
About the Fund: Bandhan Flexi Cap Fund is a flexi-cap Equity Kirloskar Pneumatic Company 1.42% Mankind Pharma 0.26%
Fund. It is a fund that encourages systematic investing. Cummins India 1.04% Healthcare Services 1.97%
Carborundum Universal 0.52% Apollo Hospitals Enterprise 1.09%
Category: Flexicap Timken India 0.51% Narayana Hrudayalaya 0.49%
Automobiles 5.36% Krishna Institute of Medical Sciences 0.38%
Monthly Avg AUM: ` 6,184.15 Crores Tata Motors 2.04% Cement & Cement Products 1.91%
Mahindra & Mahindra 2.01% UltraTech Cement 1.85%
Month end AUM: ` 6,354.41 Crores TVS Motor Company 1.31% JK Lakshmi Cement 0.07%
Auto Components 5.35% Consumer Durables 1.91%
Inception Date: 28 September 2005 
UNO Minda 2.73% Titan Company 1.91%
Fund Manager^^: Mr. Sachin Relekar (w.e.f. 8th Dec, 2020). Sona BLW Precision Forgings 1.44% Diversified 1.80%
Schaeffler India 0.74% 3M India 1.80%
Other Parameter: Samvardhana Motherson International 0.44% Transport Services 1.66%
Finance 4.35% InterGlobe Aviation 1.66%
Beta 0.86 
Bajaj Finance 3.04% Food Products 1.19%
R Squared 0.87 Cholamandalam Investment and Finance Company 1.31% Mrs. Bectors Food Specialities 1.19%
Retailing 4.30% Aerospace & Defense 1.10%
Standard Deviation (Annualized) 12.65% Bharat Electronics 1.06%
Avenue Supermarts 2.09%
Sharpe* 0.84 Trent 1.39% MTAR Technologies 0.04%
Aditya Birla Fashion and Retail 0.46% Ferrous Metals 1.00%
Portfolio Turnover Ratio Zomato 0.37% Tata Steel 1.00%
Equity 0.43 Petroleum Products 3.93% Non - Ferrous Metals 1.00%
Aggregate^ 0.43

Reliance Industries 3.93% Hindalco Industries 1.00%
Electrical Equipment 3.52% Realty 0.53%
Total Expense Ratio Apar Industries 1.76% Macrotech Developers 0.49%
Suzlon Energy 1.20% Poddar Housing and Development 0.04%
Regular 1.89% CG Power and Industrial Solutions 0.57% Corporate Bond 0.01%
Direct 1.16% Construction 3.45% Britannia Industries AAA 0.01%

Larsen & Toubro 3.45% Net Cash and Cash Equivalent 6.57%
Benchmark: S&P BSE 500 TRI Diversified FMCG 2.81% Grand Total 100.00%
ITC 1.97%
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments) Hindustan Unilever 0.84%


Investment Objective: Refer Pg No from 82 to 83 Banks 19.9% 21.4%
Minimum Investment Amount: ` 1,000/- and any amount NBFCs 4.7% 8.4%
thereafter Auto 12.0% 7.3%
(Units of Bandhan Flexi Cap Fund, shall be available for lump Information Technology 9.5% 10.7%
sum subscription w.e.f. May 07, 2018) Consumer Discretionary 7.0% 6.7%
Option Available: Growth, IDCW$ - (Payout, Reinvestment Manufacturing 12.4% 3.0%
and Sweep (from Equity Schemes to Debt Schemes only)) Health Care 4.5% 5.6%
Exit Load: If redeemed/switched out within 365 days
from the date of allotment: Infrastructure 3.7% 3.2%
Upto 10% of investment:Nil, Oil & Gas 4.2% 7.4%
Metals 3.8% 4.3%
Large Cap 66.51%
For remaining investment: 1% of applicable NAV. Mid Cap 15.98%
If redeemed / switched out after 365 days from date of Cement / Building Mat 3.7% 2.8%
Small Cap 10.94%
allotment: Nil. (w.e.f. May 08, 2020)
Chemicals 2.8% 2.2%
Cash$$ 6.58%
Telecommunication Services 2.9% 2.3%
NAV (`) as on November 30, 2023

who are seeking*
• Investment predominantly in equity and
equity related instruments across market
capitalisation.
^^Ms. Ritika Behera will be managing for Equity overseas
investment portion of the scheme w.e.f. October 07, 2023. *Investors should consult their financial
Investors understand that their principal S&P BSE 500 TRI
product is suitable for them. will be at Very High risk
Performance Table
Sep 28, 2005 Sep 28, 2005
Bandhan Flexi Cap Fund 13.19% 17.54% 12.53% 14.86% 16.51% 11,319 16,261 18,053 39,997 1,61,083
S&P BSE 500 TRI# 13.44% 20.21% 16.00% 15.58% 13.58% 11,344 17,397 21,015 42,600 1,01,241
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 13.28% 10,847 16,086 19,646 36,819 96,615
#
Benchmark Returns. ##Additional Benchmark Returns, Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 500 price return index (Benchmark)
$
Income Distribution and Capital Withdrawal. @@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. $$Cash equivalents and other than equity instruments (if any).
Mr. Anoop Bhaskar was managing this Scheme till 27th January 2023. §With effect from 13th March 2023, the name of “IDFC Flexi Cap Fund” has changed to “Bandhan Flexi Cap Fund”
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07,
2023.
18
Bandhan Multi Cap Fund§ Click here to Know more
Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks
30th November 2023

Size
Equity and Equity related Instruments 95.88% Construction 2.98%
Banks 15.78% 

HDFC Bank 4.21% Kalpataru Projects International 0.88%
Large Cap 
ICICI Bank 2.52% PSP Projects 0.15%

Axis Bank 2.26% Retailing 2.73%

Kotak Mahindra Bank 1.79% V-Mart Retail 1.36%
IndusInd Bank 1.63% Avenue Supermarts 0.95%
Bank of Baroda 1.01% Aditya Birla Fashion and Retail 0.42%
Mid Cap Bandhan Bank 0.95% Industrial Products 2.72%
Union Bank of India 0.91% Carborundum Universal 1.25%
State Bank of India 0.51% Cummins India 1.15%
Finance 7.23% AIA Engineering 0.32%
M&M Financial Services 1.40% Beverages 2.67%
Small Cap Power Finance Corporation 1.21% 
United Breweries 1.68%
Bajaj Finance 1.15% Radico Khaitan 0.99%
Style Growth Blend Value Sundaram Finance 1.02% Automobiles 2.65%
Home First Finance Company India 0.93% Tata Motors 1.38%
Shriram Finance 0.78% Maruti Suzuki India 1.27%
About the Fund: The Fund seeks to generate long term Manappuram Finance 0.74% Petroleum Products 2.58%
capital appreciation by investing in a diversified portfolio Pharmaceuticals & Biotechnology 6.72% 
Reliance Industries 2.58%
Sun Pharmaceutical Industries 1.54% Realty 2.23%
of equity & equity related instruments across large cap, mid Natco Pharma 0.95% Mahindra Lifespace Developers 1.51%
cap, small cap stocks. Aurobindo Pharma 0.94% Keystone Realtors 0.73%
Dr. Reddy's Laboratories 0.87% Agricultural Food & other Products 2.12%
Biocon 0.64% Tata Consumer Products 1.13%
Category: Multi Cap Cipla 0.62% Balrampur Chini Mills 0.99%
Laurus Labs 0.57% Commercial Services & Supplies 1.86%
GlaxoSmithKline Pharmaceuticals 0.30% Updater Services 1.10%
Monthly Avg AUM: ` 1,601.39 Crores Alkem Laboratories 0.28% TeamLease Services 0.76%
IT - Software 5.77% Transport Services 1.70%

Infosys 1.92% Container Corporation of India 0.93%
Month end AUM: ` 1,666.53 Crores 
Tata Consultancy Services 1.88% VRL Logistics 0.77%
Latent View Analytics 1.11% Fertilizers & Agrochemicals 1.68%
Tech Mahindra 0.44% Rallis India 1.19%
Inception Date: 2 December, 2021 Coforge 0.42% Sumitomo Chemical India 0.49%
Consumer Durables 4.51% IT - Services 1.63%
Fund Manager^^: Mr. Daylynn Pinto (equity portion), Greenply Industries 1.65% Cyient 1.63%
Metro Brands 1.64% Power 1.55%
Mr. Harshal Joshi (debt portion). Crompton Greaves Consumer Electricals 1.11% NHPC 1.14%
Voltas 0.10% NLC India 0.41%
Auto Components 3.73% Entertainment 1.51%
Total Expense Ratio 
Bosch 1.94% Zee Entertainment Enterprises 0.84%
Regular 2.06% Automotive Axles 1.23% PVR INOX 0.67%
Direct 0.54% Samvardhana Motherson International 0.55% Diversified FMCG 1.44%
Insurance 3.49% ITC 1.44%
ICICI Lombard General Insurance Company 1.38% Food Products 1.41%
Portfolio Turnover Ratio HDFC Life Insurance Company 1.35% Avanti Feeds 1.41%
Max Financial Services 0.76% Telecom - Services 1.22%
Equity 0.38 Electrical Equipment 3.46% Bharti Airtel 1.22%
Aggregate^ 0.38 CG Power and Industrial Solutions 1.01% Industrial Manufacturing 1.19%
Rishabh Instruments 0.94% Syrma SGS Technology 1.19%
Thermax 0.76% Minerals & Mining 1.09%
Benchmark: NIFTY 500 Multicap 50:25:25 TRI Suzlon Energy 0.61% NMDC 1.09%
Hitachi Energy India 0.14% Ferrous Metals 1.01%
Leisure Services 3.31% Jindal Steel & Power 1.01%
SIP (Minimum Amount): ` 100/- and in multiples of Re. 1 EIH 1.61% Healthcare Services 0.59%
thereafter Yatra Online 1.03% Krishna Institute of Medical Sciences 0.59%
Jubilant Foodworks 0.67% Oil 0.09%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Cement & Cement Products 3.26% Oil India 0.09%
The Ramco Cements 1.49% Net Cash and Cash Equivalent 4.12%
Grasim Industries 1.08% Grand Total 100.00%
SIP Dates (Monthly/Quarterly)@@: Investor may choose JK Lakshmi Cement 0.69%

Investment Objective: Refer Pg No from 82 to 83
Auto 6.4% 7.3%
Minimum Investment Amount: Rs 1,000/- and any amount
Banks 15.8% 16.3%
thereafter
Chemicals 1.7% 3.0%
Option Available: Growth, IDCW@ - (Payout of Income Consumer Discretionary 11.6% 7.6%
Distribution cum capital withdrawal option, Reinvestment Consumer Staples 5.2% 6.2%
of Income Distribution cum capital withdrawal option & Health Care 7.3% 7.2%
Transfer of Income Distribution cum capital withdrawal plan Industrial Services 3.6% 1.4%
(from Equity Schemes to Debt Schemes Only). Information Technology 7.4% 10.0%
Infrastructure 3.0% 3.0%
Exit Load: If redeemed/switched out within 1 year from Manufacturing 6.2% 4.9%
the date of allotment -1% of applicable NAV; If redeemed/ Metals 2.1% 3.9%
switched out after 1 year from the date of allotment –Nil NBFCs 10.7% 11.4%
Large Cap 41.59%
Oil & Gas 2.7% 5.1%
Other Commodities 2.4% 1.1% Mid Cap 26.37%
Real Estate 2.2% 1.7% Small Cap 27.92%
Telecommunication Services 1.2% 2.1% Cash$$ 4.12%
Utilities 1.6% 3.9%
Regular Plan IDCW@ 13.07 This product is suitable for investors who
@
Income Distribution and Capital Withdrawal are seeking*

^^Ms. Ritika Behera will be managing for Equity overseas • Investment in a portfolio of large, mid
investment portion of the scheme w.e.f. October 07, 2023.. and small cap equity and equity related
securities.
product is suitable for them. Investors understand that their principal NIFTY 500 Multicap 50:25:25 TRI
Performance Table
Dec 02, 2021 Dec 02, 2021
Bandhan Multicap Fund - Regular Plan - Growth 20.01% NA NA 14.34% 12,001 NA NA 13,065
NIFTY 500 Multicap 50:25:25 TRI# 21.17% NA NA 13.78% 12,117 NA NA 12,936
Nifty 50 TRI## 8.47% NA NA 8.88% 10,847 NA NA 11,849
The scheme has been in existence for more than 1 year but less than 3 years or 5 years. Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages, Other ratios are not given as scheme has not completed 3 years.
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal. $$Cash equivalents and other than equity instruments (if any).
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. §With effect from 13th March 2023, the name of “IDFC Multi Cap Fund” has changed to “Bandhan Multi Cap Fund”
19
Bandhan Midcap Fund§ Click here to Know more
Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
30th November 2023

Equity and Equity related Instruments 96.96% Tata Chemicals 1.33%
Industrial Products 15.87% Aether Industries 0.68%
Large Cap 
Cummins India 2.81% Pharmaceuticals & Biotechnology 4.06%

Astral 2.65% Concord Biotech 1.51%

APL Apollo Tubes 2.30% Abbott India 1.30%
Supreme Industries 2.13% Blue Jet Healthcare 1.05%
Mid Cap Bharat Forge 1.50% Piramal Pharma 0.20%
Timken India 1.35% IT - Services 4.04%
Carborundum Universal 1.22% 
Tata Technologies 4.04%
Polycab India 0.99% Automobiles 3.68%
Small Cap R R Kabel 0.92% 
TVS Motor Company 2.71%
Auto Components 8.62% Tata Motors 0.96%
Style Growth Blend Value 
UNO Minda 2.49% Beverages 2.75%
Sona BLW Precision Forgings 1.82% Varun Beverages 1.46%
About the Fund: The Fund seeks to generate long term Schaeffler India 1.65% United Breweries 1.29%
Sundram Fasteners 1.61% Industrial Manufacturing 2.42%
capital appreciation by investing predominantly in equities
Craftsman Automation 1.05% Praj Industries 1.15%
and equity linked securities of mid cap segment. Electrical Equipment 7.22% Titagarh Rail Systems 0.77%

CG Power and Industrial Solutions 3.06% Syrma SGS Technology 0.50%
Category: MidCap Suzlon Energy 1.46% Leisure Services 2.29%
Apar Industries 1.46% 
The Indian Hotels Company 2.29%
Monthly Avg AUM: ` 911.64 Crores Thermax 1.24% Healthcare Services 2.24%
Consumer Durables 6.35% Max Healthcare Institute 1.29%
Kajaria Ceramics 2.20% Krishna Institute of Medical Sciences 0.95%
Month end AUM: ` 976.22 Crores Metro Brands 1.98% Telecom - Services 2.14%
Safari Industries (India) 1.30% Tata Communications 2.14%
Inception Date: 18 August, 2022 Dixon Technologies (India) 0.86% Fertilizers & Agrochemicals 1.54%
Retailing 6.12% Coromandel International 1.54%

Trent 3.54% Realty 1.52%
Fund Manager^^: Mr. Sachin Relekar & Ms. Ritu Modi Electronics Mart India 1.09% Prestige Estates Projects 1.52%
(equity portion), Mr. Harshal Joshi (debt portion). Aditya Birla Fashion and Retail 0.80% Aerospace & Defense 1.35%
Vedant Fashions 0.69% Data Patterns (India) 1.35%
Total Expense Ratio IT - Software 5.82% Textiles & Apparels 1.30%
Regular 2.19% Persistent Systems 2.27% K.P.R. Mill 1.30%
Direct 0.54% KPIT Technologies 1.56% Diversified 1.02%
MphasiS 1.13% 3M India 1.02%
Coforge 0.86% Power 0.82%
Portfolio Turnover Ratio Finance 5.22% Torrent Power 0.82%
Equity 0.34 Cholamandalam Investment and Finance Company 1.38% Capital Markets 0.58%
Aggregate^ 0.34 M&M Financial Services 1.35% BSE 0.58%
CreditAccess Grameen 1.05% Food Products 0.50%
Benchmark: S&P BSE 150 Midcap Index Shriram Finance 0.64% Mrs. Bectors Food Specialities 0.50%
Bajaj Finance 0.61% Cement & Cement Products 0.49%
REC 0.19% JK Cement 0.49%
SIP (Minimum Amount): ` 100/- and in multiples of Re. 1 Banks 4.80% Financial Technology (Fintech) 0.15%
thereafter 
The Federal Bank 2.72% One 97 Communications 0.15%
IDFC First Bank 1.13% Net Cash and Cash Equivalent 3.04%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) ICICI Bank 0.95% Grand Total 100.00%
Chemicals & Petrochemicals 4.07%
SIP Dates (Monthly/Quarterly)@@: Investor may choose Navin Fluorine International 2.07%

Minimum Investment Amount: Rs 1,000/- and any amount

Auto 15.6% 10.3%
Option Available: Growth, IDCW - (Payout of Income
@ NBFCs 6.1% 15.4%
Distribution cum capital withdrawal option and in case Manufacturing 16.0% 5.2%
the amount of Income Distribution cum capital withdrawal Health Care 6.5% 11.0%
payable to the Unitholder is Rs.100/- or less under a Folio, Information Technology 10.2% 6.6%
the same will be compulsorily reinvested in the Scheme.). Banks 5.0% 7.9%
Chemicals 5.8% 7.0%
Exit Load: If redeemed/switched out within 1 year Cement / Building Mat 7.7% 5.0%
from the date of allotment - 1% of applicable NAV; Consumer Staples 3.4% 2.8%
If redeemed/switched out after 1 year from the date of Real Estate 1.6% 3.9% Large Cap 11.61%
allotment – Nil Metals 2.4% 3.0% Mid Cap 63.74%
Utilities 0.8% 3.4% Small Cap 21.61%
NAV (`) as on November 30, 2023 Telecommunication Services 2.2% 1.4% Cash$$ 3.04%
Regular Plan IDCW@ 13.08 This product is suitable for investors
@
Income Distribution and Capital Withdrawal who are seeking*
Portfolio Beta, Standard Deviation, R Squared, Sharpe
Ratio and Tracking Error of the Scheme is not computed • To create wealth over a long term.
owing to the short time frame (<3years) since launch of
the Scheme • Investment in a portfolio of equity and
equity related securities of mid cap
companies.
investment portion of the scheme w.e.f. October 07, 2023. *Investors should consult their financial
Investors understand that their principal S&P BSE 150 Midcap Index
Performance Table
Aug 18, 2022 Aug 18, 2022
Bandhan Midcap Fund - Regular Plan - Growth 30.23% NA NA 23.22% 13,023 NA NA 13,078
S&P BSE 150 Midcap TRI# 31.53% NA NA 26.10% 13,153 NA NA 13,471
The performances given are of regular plan growth option. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal. $$Cash equivalents and other than equity instruments (if any).
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. §With effect from 13th March 2023, the name of “IDFC Midcap Fund” has changed to “Bandhan Midcap Fund”
20
Bandhan ELSS Tax saver Fund§ Click here to Know more
(formerly Bandhan Tax Advantage (ELSS) Fund)
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
30th November 2023

Size Equity and Equity related Instruments 93.47% Kirloskar Ferrous Industries 1.20%
Banks 20.14% Leisure Services 2.96%
Large Cap

ICICI Bank 6.58% The Indian Hotels Company 1.25%

HDFC Bank 5.48% EIH 1.19%

Axis Bank 4.37% Yatra Online 0.53%

State Bank of India 2.40% Insurance 2.92%
Kotak Mahindra Bank 1.30% ICICI Lombard General Insurance Company 1.64%
Mid Cap IT - Software 8.85% HDFC Life Insurance Company 1.28%

Infosys 3.77% Beverages 2.67%

Tata Consultancy Services 2.10% United Spirits 1.65%
HCL Technologies 1.74% United Breweries 1.02%
Small Cap Tech Mahindra 1.24% Construction 2.49%
Pharmaceuticals & Biotechnology 6.75% NCC 1.54%
Style Growth Blend Value Cipla 1.91% PSP Projects 0.95%
Sun Pharmaceutical Industries 1.59% Telecom - Services 2.39%
Lupin 1.30% 
Bharti Airtel 2.39%
About the Fund: The Fund is an Equity Linked Savings Dr. Reddy's Laboratories 1.18% Industrial Products 1.97%
Scheme (ELSS) that aims to generate long term capital Laurus Labs 0.78% Graphite India 1.12%
growth from a diversified equity portfolio and enables Automobiles 5.69% Apollo Pipes 0.85%
investors to avail of a deduction from total income, as 
Tata Motors 3.14% Power 1.93%
permitted under the Income Tax Act, 1961. Maruti Suzuki India 1.28% 
NTPC 1.93%
Hero MotoCorp 1.27% Consumer Durables 1.80%
Category: ELSS Finance 4.63% Greenpanel Industries 1.34%
Poonawalla Fincorp 1.67% Khadim India 0.46%
Bajaj Finance 1.12% Transport Services 1.66%
Monthly Avg AUM: ` 5,220.46 Crores Mas Financial Services 1.03% VRL Logistics 1.66%
M&M Financial Services 0.81% Retailing 1.46%
Month end AUM: ` 5,402.95 Crores Electrical Equipment 4.50% Avenue Supermarts 1.46%
CG Power and Industrial Solutions 1.87% Diversified FMCG 1.37%
KEC International 1.55% ITC 1.37%
Inception Date: 26 December 2008 Suzlon Energy 0.60% Non - Ferrous Metals 1.15%
Siemens 0.47% Hindalco Industries 1.15%
Fund Manager^^: Mr. Daylynn Pinto (w.e.f. 20th October Petroleum Products 4.40% Agricultural Food & other Products 1.13%
2016).

Reliance Industries 4.40% Tata Consumer Products 1.13%
Auto Components 4.17% Chemicals & Petrochemicals 0.99%
Sandhar Technologies 1.40% Deepak Nitrite 0.81%
Other Parameter: Bosch 1.40% Tata Chemicals 0.18%
Beta 0.96 UNO Minda 1.37% Food Products 0.65%
R Squared 0.84 Cement & Cement Products 3.13% Avanti Feeds 0.65%
Standard Deviation (Annualized) 14.45% The Ramco Cements 1.38% Realty 0.58%
Sharpe* 1.36 Grasim Industries 1.11% DLF 0.58%
Nuvoco Vistas Corporation 0.64% Net Cash and Cash Equivalent 6.53%
Ferrous Metals 3.07% Grand Total 100.00%
Portfolio Turnover Ratio Jindal Steel & Power 1.86% 
Equity 0.23
Aggregate^ 0.23
Total Expense Ratio
Regular 1.79% Sector Weight in Fund Weight in Index
Direct 0.62% Banks 21.5% 21.4%
NBFCs 8.1% 8.4%
Benchmark: S&P BSE 500 TRI (w.e.f. 1st Dec, 2021) Auto 11.8% 7.3%
SIP (Minimum Amount): ` 500/-
Consumer Discretionary 5.2% 6.7%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Manufacturing 3.1% 3.0%
any day of the month except 29th, 30th and 31st as the Consumer Staples 5.5% 8.2%
date of installment. Infrastructure 4.3% 3.2%
Oil & Gas 4.7% 7.4%
Investment Objective: Refer Pg No from 82 to 83 Utilities 2.1% 3.5%
Large Cap 64.30%
Metals 4.4% 4.3%
Mid Cap 12.44%
Minimum Investment Amount: ` 500/- and in multiples of Cement / Building Mat 5.7% 2.8%
Small Cap 16.73%
` 500/- thereafter. Industrial Services 1.8% 1.2%
Cash$$ 6.53%
Chemicals 1.1% 2.2%
Option Available: Growth, IDCW$ - Payout and Sweep (from
Equity Schemes to Debt Schemes Only)
Exit Load: Nil Other Commodities 0.7% 0.6%

NAV (`) as on November 30, 2023 Scheme risk-o-meter Benchmark risk-o-meter
who are seeking*
Regular Plan IDCW$ 30.74 • To create wealth over long term.
• Investment predominantly in Equity and
Equity related securities with income tax
^^Ms. Ritika Behera will be managing for Equity overseas benefit u/s 80C and 3 years lock-in.
Performance Table
Dec 26, 2008 Dec 26, 2008
Bandhan ELSS Tax saver Fund 18.20% 26.52% 18.05% 17.67% 18.31% 11,820 20,289 22,938 50,979 1,23,176
S&P BSE 500 TRI# 13.44% 20.21% 16.00% 15.58% 16.69% 11,344 17,397 21,015 42,600 1,00,264
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 15.34% 10,847 16,086 19,646 36,819 84,273
Performance based on NAV as on 30/11/2023, Past performance may or may not be sustained in future. The performances given are of regular plan growth option.
For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages
*Risk-free rate assumed to be 6.90% (FBIL OVERNIGHT MIBOR as on 30th November 2023). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale
during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. ##Additional Benchmark Returns. $Income Distribution and Capital Withdrawal. $$Cash equivalents and other than equity instruments (if any).
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
§
With effect from 10th November 2023, the name of “Bandhan Tax Advantage (ELSS) Fund” has changed to “Bandhan ELSS Tax saver Fund”
21
Bandhan Focused Equity Fund§ Click here to Know more
An open ended equity scheme investing in maximum 30 stocks with multi cap focus
30th November 2023

Equity and Equity related Instruments 96.15% Realty 3.59%
Large Cap
Banks 26.13% The Phoenix Mills 3.59%

HDFC Bank 9.61% Food Products 2.89%

ICICI Bank 9.41% Prataap Snacks 2.89%
Mid Cap 
IndusInd Bank 4.00% Consumer Durables 2.61%
The Jammu & Kashmir Bank 3.11% Eureka Forbes 2.61%
Automobiles 9.17% Industrial Manufacturing 2.56%
Small Cap

Tata Motors 4.40% Praj Industries 2.56%
Style Growth Blend Value TVS Motor Company 2.61% Insurance 2.35%
About the Fund: Bandhan Focused Equity Fund is a Landmark Cars 2.15% General Insurance Corporation of India 2.35%
concentrated portfolio of up to 30 stocks with the flexibility IT - Software 8.11% IT - Services 2.11%
to invest across sectors and across market cap. L&T Technology Services 2.11%

Infosys 5.21%
Category: Focused LTIMindtree 2.91% Transport Services 2.06%
Electrical Equipment 7.53% InterGlobe Aviation 2.06%

Apar Industries 4.39% Pharmaceuticals & Biotechnology 2.00%
Month end AUM: ` 1,387.73 Crores Inox Wind 3.14% Mankind Pharma 2.00%
Finance 7.27% Leisure Services 1.96%
Inception Date: 16 March 2006

Cholamandalam Investment and The Indian Hotels Company 1.96%
Fund Manager^^: Mr. Sumit Agrawal (w.e.f. 20th October 5.01%
Finance Company Healthcare Services 1.79%
2016).
Five Star Business Finance 2.26% Rainbow Childrens Medicare 1.79%
Other Parameter: Petroleum Products 4.92% Chemicals & Petrochemicals 1.46%
Beta 0.86 
Reliance Industries 4.92% Rossari Biotech 1.46%
R Squared 0.84 Retailing 3.87% Net Cash and Cash Equivalent 3.85%
Standard Deviation (Annualized) 12.87% 
Trent 3.87% Grand Total 100.00%
Sharpe* 0.58 Diversified FMCG 3.75%

ITC 3.75% 
Equity 0.93
Aggregate^ 0.93
Total Expense Ratio

Regular 2.13%
Direct 0.77%
Benchmark: S&P BSE 500 TRI

(with effect from November 11, 2019) SECTOR ALLOCATION MARKET CAP
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments)
Banks 27.2% 21.4%
SIP Dates (Monthly/Quarterly)@@: Investor may choose NBFCs 10.0% 8.4%
any day of the month except 29th, 30th and 31st as the Auto 9.5% 7.3%
date of installment. Information Technology 10.6% 10.7%
Investment Objective: Refer Pg No from 82 to 83 Consumer Discretionary 8.8% 6.7%
Minimum Investment Amount$: ` 1,000/- and any amount Health Care 3.9% 5.6%
thereafter
Option Available: Growth, IDCW$ - (Payout, Reinvestment Oil & Gas 5.1% 7.4%
and Sweep (from Equity Schemes to Debt Schemes only)) Industrial Services 2.1% 1.2%
Large Cap 59.76%
Chemicals 1.5% 2.2%
Exit Load: If redeemed/switched out within 365 days Mid Cap 10.01%
from the date of allotment: Real Estate 3.7% 1.2%
Small Cap 26.38%
Upto 10% of investment:Nil, Cash§§ 3.85%
For remaining investment: 1% of applicable NAV.
If redeemed / switched out after 365 days from date of

who are seeking*
• Investment in a concentrated portfolio of
equity and equity related instruments of up
to 30 companies.
^^Ms. Ritika Behera will be managing for Equity overseas *Investors should consult their financial
investment portion of the scheme w.e.f. October 07, 2023. advisers if in doubt about whether the
Performance Table
Mar 16, 2006 Mar 16, 2006
Bandhan Focused Equity Fund 17.20% 14.40% 12.21% 12.14% 10.98% 11,720 14,988 17,798 31,486 63,324
S&P BSE 500 TRI# 13.44% 20.21% 16.00% 15.58% 12.57% 11,344 17,397 21,015 42,600 81,548
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 12.25% 10,847 16,086 19,646 36,819 77,464
Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future. §§Cash equivalents and other than equity instruments (if any).
#
Benchmark Returns. ##Additional Benchmark Returns. $$ The strategy of the Fund has been changed from large cap to focused fund w.e.f. April 18, 2017.
$
Income Distribution and Capital Withdrawal. @@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
§
With effect from 13th March 2023, the name of “IDFC Focused Equity Fund” has changed to “Bandhan Focused Equity Fund”
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund
(“the Fund”) with effect from October 07, 2023.
22
Bandhan Sterling Value Fund§ Click here to Know more
An open ended equity scheme following a value investment strategy
30th November 2023

Size Equity and Equity related Instruments 95.36% HDFC Life Insurance Company 1.05%
Banks 18.26% Petroleum Products 2.97%

Axis Bank 4.77% 
Reliance Industries 2.97%
Large Cap 
HDFC Bank 4.11% Consumer Durables 2.95%

ICICI Bank 3.89% Greenpanel Industries 1.44%
State Bank of India 1.96% Crompton Greaves Consumer Electricals 0.95%
IndusInd Bank 1.93% Mayur Uniquoters 0.56%
Mid Cap Bank of Baroda 1.61% Diversified FMCG 2.54%
Pharmaceuticals & Biotechnology 8.05% 
ITC 2.54%
Cipla 1.93% Beverages 2.33%
Sun Pharmaceutical Industries 1.70% Radico Khaitan 1.46%
Small Cap Lupin 1.24% United Spirits 0.87%
Aurobindo Pharma 1.15% Cement & Cement Products 2.31%
Dr. Reddy's Laboratories 1.12% The Ramco Cements 1.45%
Style Growth Blend Value Laurus Labs 0.90% Nuvoco Vistas Corporation 0.86%
IT - Software 7.37% Transport Services 1.93%
About the Fund: Bandhan Sterling Value Fund is a value 
Tata Consultancy Services 2.54% VRL Logistics 1.93%
fund that focuses on active stock selection strategy. Tech Mahindra 1.86% Construction 1.62%
HCL Technologies 1.86% NCC 1.62%
Category: Value Infosys 1.11% Food Products 1.43%
Electrical Equipment 5.04% Avanti Feeds 1.43%
Monthly Avg AUM: ` 6,937.71 Crores 
CG Power and Industrial Solutions 2.49% Consumable Fuels 1.42%
KEC International 1.65% Coal India 1.42%
Month end AUM: ` 7,213.54 Crores Suzlon Energy 0.68% Personal Products 1.40%
Rishabh Instruments 0.22% Godrej Consumer Products 1.40%
Inception Date: 7 March 2008 Auto Components 4.72% Oil 1.35%

UNO Minda 2.15% Oil & Natural Gas Corporation 1.35%
Fund Manager^^: Mr. Daylynn Pinto (w.e.f. 20th October Bosch 1.84% Gas 1.23%
2016). Wheels India 0.73% GAIL (India) 1.23%
Automobiles 4.59% Non - Ferrous Metals 1.18%
Other Parameter:

Hero MotoCorp 2.01% Hindalco Industries 1.18%
Beta 0.93 Tata Motors 1.66% Industrial Products 1.12%
Mahindra & Mahindra 0.91% Graphite India 1.12%
R Squared 0.73
Finance 4.49% Chemicals & Petrochemicals 0.91%
Standard Deviation (Annualized) 15.05% Poonawalla Fincorp 1.99% Deepak Nitrite 0.91%
Sharpe* 1.60 M&M Financial Services 1.03% Retailing 0.81%
Mas Financial Services 0.92% V-Mart Retail 0.81%
Portfolio Turnover Ratio Shriram Finance 0.56% Commercial Services & Supplies 0.69%
Equity 0.23 Ferrous Metals 3.89% Updater Services 0.42%
Aggregate^ 0.24

Jindal Steel & Power 2.70% Quess Corp 0.28%
Kirloskar Ferrous Industries 1.19% Telecom - Services 0.56%
Total Expense Ratio Power 3.15% Bharti Airtel 0.56%
Regular 1.79% NTPC 1.99% Realty 0.50%
Power Grid Corporation of India 1.16% Sobha 0.50%
Direct 0.69% Leisure Services 3.06% Textiles & Apparels 0.47%
The Indian Hotels Company 1.87% K.P.R. Mill 0.47%
Benchmark: Tier 1: S&P BSE 500 TRI (w.e.f. 28th Dec, 2021) EIH 1.19% Net Cash and Cash Equivalent 4.64%
Tier 2: S&P BSE 400 MidSmallCap TRI Insurance 3.02% Grand Total 100.00%
ICICI Lombard General Insurance Company 1.97% 
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) SECTOR ALLOCATION MARKET CAP

any day of the month except 29th, 30th and 31st as the Sector Weight in Fund Weight in Index
date of installment. Banks 19.2% 21.4%
NBFCs 7.9% 8.4%
Auto 11.0% 7.3%
Minimum Investment Amount : ` 1,000/- and any amount Information Technology 7.7% 10.7%
Option Available: Growth, IDCW@ (Payout, Reinvestment Health Care 8.4% 5.6%
and Sweep (from Equity Schemes to Debt Schemes only)) Consumer Staples 6.6% 8.2%
Exit Load: If redeemed/switched out within 365 days Oil & Gas 5.8% 7.4%
from the date of allotment: Utilities 3.3% 3.5%
Upto 10% of investment:Nil, Metals 6.7% 4.3% Large Cap 59.21%
For remaining investment: 1% of applicable NAV. Cement / Building Mat 3.9% 2.8% Mid Cap 17.15%
If redeemed / switched out after 365 days from date of Industrial Services 2.8% 1.2% Small Cap 19.00%
allotment: Nil. (w.e.f. May 08, 2020) Chemicals 1.0% 2.2% Cash$$ 4.64%
Regular Plan IDCW@ 35.71 This product is suitable for investors Benchmark Benchmark
Scheme risk-o-meter
who are seeking* risk-o-meter risk-o-meter

^^Ms. Ritika Behera will be managing for Equity overseas • Investment predominantly in equity and
investment portion of the scheme w.e.f. October 07, 2023. equity related instruments following a
value investment strategy.
product is suitable for them. Investors understand that their Tier 1: S&P BSE 500 TRI Tier 2: S&P BSE 400
principal will be at Very High risk MidSmallCap TRI
Performance Table
Mar 07, 2008 Mar 07, 2008
Bandhan Sterling Value Fund$ 22.23% 30.92% 18.26% 18.17% 16.82% 12,223 22,492 23,145 53,178 1,15,609
Tier 1: S&P BSE 500 TRI# 13.44% 20.21% 16.00% 15.58% 11.49% 11,344 17,397 21,015 42,600 55,423
Tier 2: S&P BSE 400 MidSmallCap# 32.86% 30.43% 21.70% 20.59% 12.99% 13,286 22,238 26,707 65,135 68,411
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 10.90% 10,847 16,086 19,646 36,819 50,948
#
Benchmark Returns. ##Additional Benchmark Returns. $The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018. @Income Distribution and Capital Withdrawal.
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. Mr. Anoop Bhaskar was managing this Scheme till 27th January 2023.
§
With effect from 13th March 2023, the name of “IDFC Sterling Value Fund” has changed to “Bandhan Sterling Value Fund”
effect from October 07, 2023. $$Cash equivalents and other than equity instruments (if any).
23
Bandhan Infrastructure Fund§ Click here to Know more
An open ended equity scheme investing in infrastructure sector
30th November 2023

Size
Equity and Equity related Instruments 97.01% Transport Services 6.42%
Construction 29.98%

Transport Corporation of India 3.61%
Large Cap Gateway Distriparks 1.71%


Ahluwalia Contracts (India) 4.25% InterGlobe Aviation 1.10%
ITD Cementation India 3.45% Telecom - Services 5.23%
Mid Cap PNC Infratech 3.15%

Bharti Airtel 5.23%
H.G. Infra Engineering 2.97% Aerospace & Defense 4.89%
NCC 2.56%

Bharat Electronics 4.68%
Engineers India 1.85% Bharat Dynamics 0.20%
Small Cap GPT Infraprojects 1.49% Gas 3.86%
ISGEC Heavy Engineering 1.29% Gujarat State Petronet 2.16%
Style Growth Blend Value Gujarat Gas 1.70%
Cement & Cement Products 11.50%
About the Fund: A dedicated Infrastructure fund, 
UltraTech Cement 5.84% Ferrous Metals 3.65%
that invests across the infrastructure value chain with 
JK Cement 4.25% Jindal Steel & Power 2.96%
exclusions like Banking, Autos, IT, Pharma and FMCG. It is Sagar Cements 1.04% Tata Steel 0.68%
a diversified portfolio of companies that are participating Industrial Manufacturing 1.77%
in and benefitting from the Indian Infrastructure and Nuvoco Vistas Corporation 0.36%
Infrastructure related activities. Industrial Products 9.35% Praj Industries 1.77%

Kirloskar Brothers 5.52% Realty 1.27%
Category: Sectoral / Thematic Carborundum Universal 2.34% Mahindra Lifespace Developers 1.27%
Cummins India 1.15% Paper, Forest & Jute Products 1.03%
Monthly Avg AUM: ` 794.04 Crores
KSB 0.34% Century Textiles & Industries 1.03%
Month end AUM: ` 830.14 Crores Power 8.76% Non - Ferrous Metals 0.88%

Torrent Power 5.14% Hindalco Industries 0.88%
Inception Date: 8 March 2011 Diversified 0.51%
Power Grid Corporation of India 2.51%
Fund Manager^^: Mr. Sachin Relekar (w.e.f. 08th December NTPC 1.10% 3M India 0.51%
2020)£ . Electrical Equipment 7.94% Net Cash and Cash Equivalent 2.99%

ABB India 4.51% Grand Total 100.00%
Other Parameter: Thermax 3.43%
Beta 0.70 
R Squared 0.70
Standard Deviation (Annualized) 18.59%
Sharpe* 1.60

Equity 0.07
Aggregate^ 0.07
Total Expense Ratio

Regular 2.34%
Direct 1.13%
Benchmark: S&P BSE India Infrastructure TRI

(with effect from November 11, 2019)
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Sector Weight in Fund Weight in Index
SIP Dates (Monthly/Quarterly)@@: Investor may choose Infrastructure 27.7% 31.4%
any day of the month except 29th, 30th and 31st as the Utilities 13.0% 31.2%
Investment Objective: Refer Pg No from 82 to 83 Industrial Services 8.5% 11.9%
Minimum Investment Amount: ` 1,000/- and any amount Oil & Gas 0.0% 13.7%
thereafter Cement / Building Mat 11.8% 0.0%
Option Available: Growth, IDCW@ - (Payout, Reinvestment NBFCs 0.0% 11.8%
and Sweep (from Equity Schemes to Debt Schemes only)) Telecommunication Services 5.4% 0.0%
Exit Load: If redeemed/switched out within 365 days Metals 4.7% 0.0%
from the date of allotment: Real Estate 1.3% 0.0%
Large Cap 38.21%
Upto 10% of investment:Nil, Mid Cap 18.73%
For remaining investment: 1% of applicable NAV. Small Cap 40.06%
If redeemed / switched out after 365 days from date of Cash$$ 2.99%

who are seeking*
Regular Plan IDCW@ 29.73 • To create wealth over long term.
equity related instruments of companies
that are participating in and benefiting
^^Ms. Ritika Behera will be managing for Equity overseas from growth in Indian infrastructure and
investment portion of the scheme w.e.f. October 07, 2023. infrastructural related activities.
Investors understand that their principal S&P BSE India Infrastructure TRI
advisers if in doubt about whether the will be at Very High risk
product is suitable for them.
Performance Table
Mar 08, 2011 Mar 08, 2011
Bandhan Infrastructure Fund 37.25% 36.59% 19.27% 16.22% 10.29% 13,725 25,550 24,150 45,016 34,824
S&P BSE India Infrastructure TRI# 37.27% 40.08% 20.42% 14.58% 12.34% 13,727 27,562 25,337 39,047 44,033
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 12.07% 10,847 16,086 19,646 36,819 42,682
#
Benchmark Returns. ##Additional Benchmark Returns. £The Scheme was being managed by Mr. Rajendra Kumar Mishra up to December 7, 2020.
@
§
With effect from 13th March 2023, the name of “IDFC Infrastructure Fund” has changed to “Bandhan Infrastructure Fund”
(“the Fund”) with effect from October 07, 2023. $$Cash equivalents and other than equity instruments (if any).
24
Bandhan Transportation and Logistics Fund§ Click here to Know more
Sector Fund - An open-ended equity scheme investing in transportation and logistics sector
30th November 2023

Size
Equity and Equity related Instruments 92.25% 
Hero MotoCorp 5.25%
Auto Components 34.77% Transport Services 13.47%
Large Cap 
Bosch 5.34%

InterGlobe Aviation 2.97%

MRF 3.84% VRL Logistics 2.73%

Sandhar Technologies 2.78% Gateway Distriparks 2.29%
LG Balakrishnan & Bros 2.49% Container Corporation of India 2.13%
Mid Cap
Exide Industries 2.35% Blue Dart Express 1.64%
Steel Strips Wheels 2.29% Transport Corporation of India 1.18%
Jamna Auto Industries 2.15% The Great Eastern Shipping Company 0.52%
Small Cap Automotive Axles 1.88% Industrial Products 3.38%
Motherson Sumi Wiring India 1.78% Bharat Forge 2.00%
Style Growth Blend Value Samvardhana Motherson International 1.77% SKF India 1.26%
Alicon Castalloy 1.70% Sundaram Clayton 0.12%
About the Fund: The Scheme seeks to generate long- Lumax Industries 1.61% Agricultural, Commercial & Construction Vehicles 3.03%
term capital growth by investing predominantly in equity UNO Minda 1.39%

Escorts Kubota 3.03%
and equity related securities of companies engaged in the TVS Holdings 1.16% Leisure Services 2.65%
transportation and logistics sector. Yatra Online 1.49%
CIE Automotive India 0.99%
Disclaimer: There is no assurance or guarantee that the Subros 0.94% Indian Railway Catering And Tourism Corporation 1.16%
objectives of the scheme will be realised. Lumax Auto Technologies 0.31% Finance 1.78%
Automobiles 32.09% Rane Holdings 1.78%
Category: Sector

Tata Motors 8.25% Electrical Equipment 1.08%
Monthly Avg AUM: ` 347.85 Crores 
Maruti Suzuki India 7.29% Rishabh Instruments 1.08%
Month end AUM: ` 363.80 Crores

Bajaj Auto 5.86% Net Cash and Cash Equivalent 7.75%

Mahindra & Mahindra 5.44% Grand Total 100.00%
Inception Date: 27 October 2022 
Fund Manager^^: Mr. Daylynn Pinto (equity portion), Mr.
Harshal Joshi (debt portion).

Equity 0.23
Aggregate^ 0.23
Total Expense Ratio
Regular 2.38%
Direct 0.69%
Benchmark: Nifty Transportation and Logistics Index
SIP (Minimum Amount): ` 100/- and in multiples of
`1 thereafter

Minimum Investment Amount: ` 1,000/- and in multiples
of Re. 1/- thereafter
Option Available: Growth, IDCW@ (Payout, Reinvestment
and Transfer (from Equity Schemes to Debt Schemes only))
Exit Load: If redeemed/switched out within 1 year from
the date of allotment - 1% of applicable NAV.
If redeemed/switched out after 1 year from the date of SECTOR ALLOCATION MARKET CAP
allotment – Nil.
NAV (`) as on November 30, 2023 Sector Weight in Fund Weight in Index
Regular Plan Growth 13.28 Agricultural, Commercial & Construction Vehicles 3.3% 2.3%
Auto Components 37.8% 17.5%
Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and
Tracking Error of the Scheme is not computed owing to the short Automobiles 34.8% 55.7%
time frame (<3years) since launch of the Scheme Electrical Equipment 1.2% 0.0%
^^Ms. Ritika Behera will be managing for Equity overseas Finance 1.9% 0.0%
Industrial Products 3.5% 6.5%
Leisure Services 2.9% 1.8%
Scheme risk-o-meter Transport Services 14.6% 5.9% Large Cap 43.34%
Mid Cap 15.43%
Small Cap 33.48%
Cash$$ 7.75%
Investors understand that their principal

will be at Very High risk Performance Table
This product is suitable for investors who are Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
seeking*: Since Since
• To create wealth over a long term. Inception* Inception*
• Investment predominantly in equity and equity Bandhan Transportation and Logistics Fund 30.52% NA NA 29.46% 13,052 NA NA 13,280
related instruments of the companies engaged in the - Regular Plan - Growth
transportation and logistics sector. Nifty Transportation and Logistics TRI# 30.78% NA NA 31.00% 13,078 NA NA 13,453
*Investors should consult their financial advisers if in Nifty 50 TRI## 8.47% NA NA 13.90% 10,847 NA NA 11,537
doubt about whether the product is suitable for them.
The scheme has been in existence for more than 1 year but less than 3 years or 5 years.
Benchmark risk-o-meter Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
expenses, commission expenses etc.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes
Fixed Income securities and Equity derivatives). $$Cash equivalents and other than equity instruments (if any).
*Inception Date of Regular Plan - Growth October 27, 2022. #Benchmark Returns. ##Additional Benchmark Returns.
@@
§
With effect from 13th March 2023, the name of “IDFC Transportation and Logistics Fund” has changed to “Bandhan Transportation and
Logistics Fund”
Nifty Transportation and Logistics Index Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all
equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07, 2023.
25
Bandhan Financial Services Fund Click here to Know more
Sector Fund - An open ended equity scheme investing in Financial Services Sector
30th November 2023

Name % of NAV
Size
Equity and Equity related Instruments 92.83%
Banks 46.58%
Large Cap 
HDFC Bank 11.95%

ICICI Bank 11.92%

State Bank of India 5.18%
Mid Cap

Axis Bank 3.53%

Kotak Mahindra Bank 3.27%

IndusInd Bank 2.71%
The Jammu & Kashmir Bank 1.72%
Small Cap City Union Bank 1.58%
Equitas Small Finance Bank 1.01%
Style Growth Blend Value Bank of Baroda 0.98%
Karur Vysya Bank 0.96%
About the Fund: The Scheme seeks to generate long-term Punjab National Bank 0.94%
capital appreciation by investing predominantly in equity Indian Bank 0.83%
and equity related instruments of companies engaged in Bandhan Bank 0.00%
financial services.
Finance 26.67%
Disclaimer: There is no assurance or guarantee that the 
Indian Renewable Energy Development Agency 2.42%
objectives of the scheme will be realised. 
Five Star Business Finance 2.13%
Category: Sector

Bajaj Finserv 2.03%
Home First Finance Company India 1.99%
Monthly Avg AUM: ` 607.82 Crores Cholamandalam Investment and Finance Company 1.91%
Month end AUM: ` 631.88 Crores Shriram Finance 1.88%
Piramal Enterprises 1.77%
Inception Date: 28-July-2023 IDFC 1.70%
Fund Manager^^: Mr. Sumit Agarwal and Mr. Manish Muthoot Finance 1.12%
Gunwani (equity portion), Mr. Harshal Joshi (debt portion). Spandana Sphoorty Financial 1.08%
Total Expense Ratio Power Finance Corporation 1.03%
Regular 2.34% L&T Finance Holdings 1.01%
Direct 0.59% CreditAccess Grameen 1.01%
REC 1.00%
Benchmark: Nifty Financial Services TRI
Manappuram Finance 0.98%
SIP (Minimum Amount): ` 100/- and in multiples of CRISIL 0.95%
`1 thereafter SBI Cards and Payment Services 0.92%
SIP Frequency: Monthly Jio Financial Services 0.91%
Cholamandalam Financial Holdings 0.81%
SIP Dates (Monthly/Quarterly)@@: Investor may choose Capital Markets 9.39%
any day of the month except 29th, 30th and 31st as the Prudent Corporate Advisory Services 1.49%
date of installment. UTI Asset Management Company 1.45%
Investment Objective: Refer Pg No from 82 to 83 KFin Technologies 1.31%
Multi Commodity Exchange of India 1.08%
Minimum Investment Amount: ` 1,000/- and in multiples
of Re. 1/- thereafter Central Depository Services (India) 1.04%
Angel One 1.02%
Option Available: Growth, IDCW@ (Payout, Reinvestment BSE 1.01%
and Sweep (from Equity Schemes to Debt Schemes only)) HDFC Asset Management Company 0.99%
Exit Load: If redeemed/switched out within 1 year from Insurance 8.17%
the date of allotment - 1% of applicable NAV;. 
General Insurance Corporation of India 2.70%
If redeemed/switched out after 1 year from the date of HDFC Life Insurance Company 1.52%
allotment – Nil. SBI Life Insurance Company 1.51%
ICICI Lombard General Insurance Company 1.38%
NAV (`) as on November 30, 2023 Life Insurance Corporation of India 1.06%
Financial Technology (Fintech) 2.01%
Regular Plan Growth 10.91 PB Fintech 1.02%
Regular Plan IDCW@ 10.91 One 97 Communications 1.00%
Net Cash and Cash Equivalent 7.17%
Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Grand Total 100.00%
Tracking Error of the Scheme is not computed owing to the short
time frame (<3years) since launch of the Scheme


Scheme risk-o-meter
Investors understand that their principal Banks 50.2% 76.5%

Capital Markets 10.1% 1.3%
This product is suitable for investors who are Finance 28.7% 16.1%
seeking*:
• To create wealth over long term. Financial Technology (Fintech) 2.2% 0.0%
• Investment predominantly in equity and equity related Insurance 8.8% 6.1%
instruments of the companies engaged in the Financial
Services sector.
*Investors should consult their financial advisers if in
Large Cap 50.82%
Benchmark risk-o-meter Mid Cap 15.31%
Small Cap 26.70%
Cash$$ 7.17%
Performance, SIP & other parameters are not disclosed as fund has not completed 6 months.
@
Income Distribution and Capital Withdrawal. $$Cash equivalents and other than equity instruments (if any).
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all
Nifty Financial Services TRI equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07, 2023.
26
Bandhan Nifty 50 Index Fund§
An open ended scheme tracking Nifty 50 Index
Click here to Know more
30th November 2023

About the Fund: The investment objective of the scheme
Equity and Equity related Instruments 100.01% Finance 3.18%
is to replicate the Nifty 50 index by investing in securities
Banks 30.51% Bajaj Finance 2.15%
of the Nifty 50 Index in the same proportion / weightage.
Disclaimer: There is no assurance or guarantee that the

HDFC Bank 13.25% Bajaj Finserv 1.03%
objectives of the scheme will be realised.

ICICI Bank 7.42% Telecom - Services 2.90%

Axis Bank 3.38% 
Bharti Airtel 2.90%
Category: Index Fund 
Kotak Mahindra Bank 2.93% Power 2.49%
State Bank of India 2.46% NTPC 1.41%
Monthly Avg AUM: ` 977.52 Crores IndusInd Bank 1.08% Power Grid Corporation of India 1.08%
IT - Software 13.64% Ferrous Metals 2.02%
Month end AUM: ` 1,001.98 Crores 
Infosys 5.88% Tata Steel 1.18%
Inception Date: 30 April 2010

Tata Consultancy Services 4.05% JSW Steel 0.84%
HCL Technologies 1.61% Cement & Cement Products 2.02%
Fund Manager: Mr. Nemish Sheth (w.e.f. March 01, 2022). Tech Mahindra 0.86% UltraTech Cement 1.18%
Wipro 0.66% Grasim Industries 0.84%
Other Parameter: LTIMindtree 0.58% Food Products 1.63%
Beta 1.00 Petroleum Products 9.58% Nestle India 0.98%
R Squared 1.00 
Reliance Industries 9.11% Britannia Industries 0.65%
Bharat Petroleum Corporation 0.47% Insurance 1.57%
Sharpe* 0.71
Diversified FMCG 6.95% HDFC Life Insurance Company 0.84%

ITC 4.37% SBI Life Insurance Company 0.73%
Equity 0.08 Hindustan Unilever 2.58% Consumable Fuels 0.88%
Aggregate^ 0.08 Automobiles 6.63% Coal India 0.88%
Tracking Error (Annualized) 0.13% Mahindra & Mahindra 1.67% Metals & Minerals Trading 0.88%
Maruti Suzuki India 1.60% Adani Enterprises 0.88%
Total Expense Ratio Tata Motors 1.41% Oil 0.86%
Regular 0.60% Bajaj Auto 0.78% Oil & Natural Gas Corporation 0.86%
Direct 0.10% Eicher Motors 0.60% Non - Ferrous Metals 0.85%
Hero MotoCorp 0.56% Hindalco Industries 0.85%
Benchmark: Nifty 50 TRI
Construction 4.26% Transport Infrastructure 0.75%

Larsen & Toubro 4.26% Adani Ports and Special Economic Zone 0.75%
Pharmaceuticals & Biotechnology 3.57% Agricultural Food & other Products 0.64%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Sun Pharmaceutical Industries 1.50% Tata Consumer Products 0.64%
Dr. Reddy's Laboratories 0.80% Healthcare Services 0.63%
any day of the month except 29th, 30th and 31st as the Cipla 0.72% Apollo Hospitals Enterprise 0.63%
date of installment. Divi's Laboratories 0.55% Fertilizers & Agrochemicals 0.33%
Consumer Durables 3.24% UPL 0.33%
Investment Objective: Refer Pg No from 82 to 83 Titan Company 1.65% Net Cash and Cash Equivalent -0.01%
Asian Paints 1.59% Grand Total 100.00%
Minimum Investment Amount: ` 1,000/- and any amount
thereafter

Option Available: Growth, IDCW@ - (Payout, Reinvestment

Exit Load: NIL (w.e.f. 4th February 2019)
NAV (`) as on November 30, 2023 INDUSTRY ALLOCATION

Regular Plan Growth 42.9626 Banks 30.51% Cement & Cement Products 2.02%
Regular Plan IDCW@ 38.9876 IT - Software 13.64% Food Products 1.63%
Petroleum Products 9.58% Insurance 1.57%
Diversified FMCG 6.95%
Tracking error calculated on the basis of 3 years history of Consumable Fuels 0.88%
Automobiles 6.63%
daily data. Metals & Minerals Trading 0.88%
Construction 4.26%
Pharmaceuticals & Biotechnology 3.57% Oil 0.86%
Consumer Durables 3.24% Non - Ferrous Metals 0.85%
Finance 3.18% Transport Infrastructure 0.75%
Telecom - Services 2.90% Agricultural Food & other Products 0.64%
Power 2.49% Healthcare Services 0.63%
Ferrous Metals 2.02% Fertilizers & Agrochemicals 0.33%

who are seeking*

instruments forming part of Nifty 50 index.
product is suitable for them. Investors understand that their principal Nifty 50 TRI
Performance Table
Apr 30, 2010 Apr 30, 2010
Bandhan Nifty 50 Index Fund 7.78% 16.36% 13.92% 13.41% 11.32% 10,778 15,773 19,190 35,222 42,963
Nifty 50 TRI# 8.47% 17.12% 14.45% 13.91% 11.72% 10,847 16,086 19,646 36,819 45,100
#
Benchmark Returns. @Income Distribution and Capital Withdrawal. @@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
§
With effect from 13th March 2023, the name of “IDFC Nifty 50 Index Fund” has changed to “Bandhan Nifty 50 Index Fund”
27
Bandhan Nifty 100 Index Fund§ Click here to Know more
An open-ended scheme tracking Nifty 100 Index
30th November 2023

About the Fund: The investment objective of the Scheme
Equity and Equity related Instruments 100.45% SBI Life Insurance Company 0.62%
is to replicate the Nifty 100 index by investing in securities Banks 26.69% ICICI Lombard General Insurance Company 0.36%
of the Nifty 100 Index in the same proportion / weightage 
HDFC Bank 11.23% ICICI Prudential Life Insurance Company 0.21%
with an aim to provide returns before expenses that closely 
ICICI Bank 6.29% Life Insurance Corporation of India 0.17%
correspond to the total return of Nifty 100 Index, subject 
Axis Bank 2.86% Retailing 2.01%
to tracking errors.

Kotak Mahindra Bank 2.48% Trent 0.59%
State Bank of India 2.08% Avenue Supermarts 0.57%
IndusInd Bank 0.92% Zomato 0.51%
Category: Index Fund Bank of Baroda 0.35% Info Edge (India) 0.34%
Canara Bank 0.26% Ferrous Metals 1.95%
Punjab National Bank 0.22% Tata Steel 1.00%
Monthly Avg AUM: ` 88.94 Crores IT - Software 11.56% JSW Steel 0.71%

Infosys 4.99% Jindal Steel & Power 0.24%

Tata Consultancy Services 3.43% Food Products 1.38%
Month end AUM: ` 92.33 Crores HCL Technologies 1.36% Nestle India 0.83%
Tech Mahindra 0.73% Britannia Industries 0.55%
Wipro 0.56% Personal Products 1.10%
Inception Date: 24 February, 2022 LTIMindtree 0.49% Godrej Consumer Products 0.37%
Petroleum Products 8.52% Dabur India 0.30%

Reliance Industries 7.72% Colgate Palmolive (India) 0.28%
Fund Manager: Mr. Nemish Sheth Bharat Petroleum Corporation 0.40% Procter & Gamble Hygiene and Health Care 0.16%
Indian Oil Corporation 0.39% Aerospace & Defense 0.93%
Automobiles 6.25% Bharat Electronics 0.50%
Portfolio Turnover Ratio Mahindra & Mahindra 1.42% Hindustan Aeronautics 0.43%
Tata Motors 1.41% Agricultural Food & other Products 0.86%
Equity 0.13 Tata Consumer Products 0.55%
Maruti Suzuki India 1.35%
Aggregate^ 0.13 Bajaj Auto 0.66% Marico 0.27%
Eicher Motors 0.51% Adani Wilmar 0.05%
Hero MotoCorp 0.48% Beverages 0.79%
Total Expense Ratio TVS Motor Company 0.42% Varun Beverages 0.50%
Regular 0.61% Diversified FMCG 5.89% United Spirits 0.29%
Direct 0.09% 
ITC 3.71% Consumable Fuels 0.75%
Hindustan Unilever 2.18% Coal India 0.75%
Finance 4.32% Metals & Minerals Trading 0.75%
Benchmark: Nifty 100 TRI Bajaj Finance 1.82% Adani Enterprises 0.75%
Bajaj Finserv 0.87% Oil 0.73%
Shriram Finance 0.54% Oil & Natural Gas Corporation 0.73%
SIP (Minimum Amount): ` 100/- and in multiples of Re. 1 Cholamandalam Investment and Finance Company 0.42% Non - Ferrous Metals 0.72%
thereafter Bajaj Holdings & Investment 0.31% Hindalco Industries 0.72%
SBI Cards and Payment Services 0.21% Chemicals & Petrochemicals 0.70%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Muthoot Finance 0.15% Pidilite Industries 0.37%
Construction 3.61% SRF 0.33%

Larsen & Toubro 3.61% Transport Infrastructure 0.63%
any day of the month except 29th, 30th and 31st as the Pharmaceuticals & Biotechnology 3.36% Adani Ports and Special Economic Zone 0.63%
date of installment. Sun Pharmaceutical Industries 1.27% Fertilizers & Agrochemicals 0.57%
Dr. Reddy's Laboratories 0.68% PI Industries 0.29%
Cipla 0.61% UPL 0.28%
Investment Objective: Refer Pg No from 82 to 83 Divi's Laboratories 0.46% Electrical Equipment 0.54%
Torrent Pharmaceuticals 0.19% Siemens 0.31%
Zydus Lifesciences 0.15% ABB India 0.23%
Minimum Investment Amount: Rs 1,000/- in multiples of Consumer Durables 3.22% Healthcare Services 0.53%
Titan Company 1.40% Apollo Hospitals Enterprise 0.53%
Re. 1/- thereafter Asian Paints 1.35% Gas 0.53%
Havells India 0.31% GAIL (India) 0.34%
Berger Paints (I) 0.15% Adani Total Gas 0.19%
Option Available: Growth, IDCW@ - (Payout, Reinvestment Power 3.11% Auto Components 0.39%
and Sweep (from Equity Schemes to Debt Schemes only)). NTPC 1.19% Samvardhana Motherson International 0.21%
Power Grid Corporation of India 0.91% Bosch 0.18%
Tata Power Company 0.36% Realty 0.37%
Exit Load: Nil Adani Green Energy 0.36% DLF 0.37%
Adani Energy Solutions 0.28% Transport Services 0.32%
Telecom - Services 2.46% InterGlobe Aviation 0.32%

Bharti Airtel 2.46% Diversified Metals 0.27%
Cement & Cement Products 2.36% Vedanta 0.27%
NAV (`) as on November 30, 2023 UltraTech Cement 1.00% Leisure Services 0.21%
Grasim Industries 0.71% Indian Railway Catering And Tourism Corporation 0.21%
Regular Plan Growth 11.73 Shree Cement 0.34% Net Cash and Cash Equivalent -0.45%
Regular Plan IDCW@ 11.73 Ambuja Cements 0.31% Grand Total 100.00%
Insurance 2.07%
@
Income Distribution and Capital Withdrawal HDFC Life Insurance Company 0.71% 
time frame (<3years) since launch of the Scheme INDUSTRY ALLOCATION
Banks 26.69% Agricultural Food & other Products 0.86%
IT - Software 11.56% Beverages 0.79%
Petroleum Products 8.52% Consumable Fuels 0.75%
Automobiles 6.25% Metals & Minerals Trading 0.75%
Diversified FMCG 5.89% Oil 0.73%
Finance 4.32% Non - Ferrous Metals 0.72%
Scheme risk-o-meter Construction 3.61% Chemicals & Petrochemicals 0.70%
Pharmaceuticals & Biotechnology 3.36% Transport Infrastructure 0.63%
Consumer Durables 3.22% Fertilizers & Agrochemicals 0.57%
Power 3.11% Electrical Equipment 0.54%
Telecom - Services 2.46% Healthcare Services 0.53%
Cement & Cement Products 2.36% Gas 0.53%
Insurance 2.07% Auto Components 0.39%
Retailing 2.01% Realty 0.37%
Ferrous Metals 1.95% Transport Services 0.32%
Investors understand that their principal Food Products 1.38% Diversified Metals 0.27%
will be at Very High risk Personal Products 1.10% Leisure Services 0.21%
Aerospace & Defense 0.93%
This product is suitable for investors who are
seeking*:
• Create wealth over a long term. Performance Table
• Investment in equity and equity related instruments
belonging to Nifty 100 Index. Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
*Investors should consult their financial advisers if in Since Since
doubt about whether the product is suitable for them. Inception* Inception*
Bandhan Nifty 100 Index Fund - 7.16% NA NA 9.45% 10,716 NA NA 11,728
Regular Plan - Growth
Benchmark risk-o-meter Nifty 100 TRI# 7.83% NA NA 13.75% 10,783 NA NA 12,552
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
Fixed Income securities and Equity derivatives).
Nifty 100 TRI *Inception Date of Regular Plan - Growth February 24, 2022. #Benchmark Returns. ##Additional Benchmark Returns.
@@
§
With effect from 13th March 2023, the name of “IDFC Nifty 100 Index Fund” has changed to “Bandhan Nifty 100 Index Fund”
28
Bandhan Nifty100 Low Volatility 30 Index Fund§ Click here to Know more
An open-ended scheme tracking Nifty100 Low Volatility 30 Index

30th November 2023

About the Fund: The investment objective of the Scheme
is to replicate the Nifty100 Low Volatility 30 index by Equity and Equity related Instruments 100.87% ITC 3.26%
investing in securities of the Nifty100 Low Volatility 30 Pharmaceuticals & Biotechnology 14.06% Power 6.18%
Index in the same proportion / weightage with an aim to

Sun Pharmaceutical Industries 4.08% NTPC 3.42%
provide returns before expenses that closely correspond to

Dr. Reddy's Laboratories 3.57% Power Grid Corporation of India 2.76%
the total return of Nifty100 Low Volatility 30 Index, subject Torrent Pharmaceuticals 3.33% Personal Products 6.07%
to tracking errors Cipla 3.06% Colgate Palmolive (India) 3.06%
Banks 10.71% Dabur India 3.01%
ICICI Bank 3.75% Consumer Durables 5.93%

Kotak Mahindra Bank 3.51% Asian Paints 3.18%
Monthly Avg AUM: ` 118.14 Crores HDFC Bank 3.44% Berger Paints (I) 2.75%
IT - Software 9.84% Cement & Cement Products 3.60%
Month end AUM: ` 174.97 Crores Wipro 3.37% 
UltraTech Cement 3.60%
Tata Consultancy Services 3.27% Construction 3.46%
Inception Date: 06 October, 2022 HCL Technologies 3.19% Larsen & Toubro 3.46%
Automobiles 7.40% Insurance 3.29%
Fund Manager: Mr. Nemish Sheth

Bajaj Auto 3.76% SBI Life Insurance Company 3.29%

Hero MotoCorp 3.64% Auto Components 3.25%
Total Expense Ratio Food Products 7.33% Bosch 3.25%
Regular 1.02%

Nestle India 3.90% Chemicals & Petrochemicals 2.93%
Direct 0.34% Britannia Industries 3.43% Pidilite Industries 2.93%
Petroleum Products 7.31% Agricultural Food & other Products 2.66%

Indian Oil Corporation 4.08% Marico 2.66%
Equity 0.34 Reliance Industries 3.23% Net Cash and Cash Equivalent -0.87%
Aggregate^ 0.34 Diversified FMCG 6.85% Grand Total 100.00%

Hindustan Unilever 3.60% 
Benchmark: Nifty100 Low Volatility 30 TRI
SIP (Minimum Amount): ` 100/- and in multiples of Re. 1

thereafter

Minimum Investment Amount: Rs 1,000/- in multiples of

Re. 1/- thereafter

and Sweep (from Equity Schemes to Debt Schemes only)).
Exit Load: Nil

@
Income Distribution and Capital Withdrawal
INDUSTRY ALLOCATION
Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Pharmaceuticals & Biotechnology 14.06%
Tracking Error of the Scheme is not computed owing to the short Banks 10.71%
IT - Software 9.84%
Automobiles 7.40%
Food Products 7.33%
Petroleum Products 7.31%
Power 6.18%
Personal Products 6.07%
Consumer Durables 5.93%
Scheme risk-o-meter Cement & Cement Products 3.60%
Construction 3.46%
Insurance 3.29%
Auto Components 3.25%
Chemicals & Petrochemicals 2.93%
Agricultural Food & other Products 2.66%


seeking*: Performance Table
• Create wealth over a long term. Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
• Investment in equity and equity related instruments Since Since
belonging to Nifty100 Low Volatility 30 Index. 1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
Inception* Inception*
*Investors should consult their financial advisers if in Bandhan Nifty100 Low Volatility 30 Index 14.86% NA NA 19.14% 11,486 NA NA 12,233
doubt about whether the product is suitable for them. Fund - Regular Plan - Growth
Nifty100 Low Volatility 30 TRI #
16.73% NA NA 21.11% 11,673 NA NA 12,465
Benchmark risk-o-meter
*Inception Date of Regular Plan - Growth October 06, 2022. #Benchmark Returns. ##Additional Benchmark Returns.
Nifty100 Low Volatility 30 TRI
@@
§
With effect from 13th March 2023, the name of “IDFC Nifty100 Low Volatility 30 Index Fund” has changed to “Bandhan Nifty100 Low
Volatility 30 Index Fund”
29
Bandhan Nifty200 Momentum 30 Index Fund§ Click here to Know more
An open-ended scheme tracking Nifty200 Momentum 30 Index

30th November 2023

About the Fund: The investment objective of the Scheme is
Equity and Equity related Instruments 99.94% ABB India 3.32%
to replicate the Nifty200 Momentum 30 index by investing
Finance 18.94% Pharmaceuticals & Biotechnology 6.52%
in securities of the Nifty200 Momentum 30 Index in the 
Power Finance Corporation 6.52% Aurobindo Pharma 3.05%
same proportion / weightage with an aim to provide returns 
REC 5.57% Torrent Pharmaceuticals 1.82%
before expenses that closely correspond to the total return 
Cholamandalam Investment and Finance Company 4.27% Zydus Lifesciences 1.65%
of Nifty200 Momentum 30 Index, subject to tracking errors.
M&M Financial Services 1.66% Leisure Services 4.38%
Aditya Birla Capital 0.91% 
The Indian Hotels Company 4.38%
Category: Index Fund Banks 13.32% Retailing 4.26%

Axis Bank 4.61% 
Trent 4.26%
Monthly Avg AUM: ` 36.72 Crores Bank of Baroda 3.64% Diversified FMCG 4.03%
IDFC First Bank 3.42% 
ITC 4.03%
Month end AUM: ` 38.39 Crores Punjab National Bank 1.65% Personal Products 3.98%
Automobiles 11.52% Godrej Consumer Products 3.98%
Inception Date: 2 September, 2022

TVS Motor Company 5.90% Transport Services 3.06%

Bajaj Auto 5.62% InterGlobe Aviation 3.06%
Industrial Products 8.72% Cement & Cement Products 2.95%
Fund Manager: Mr. Nemish Sheth Cummins India 3.53% Dalmia Bharat 1.65%
Polycab India 2.90% The Ramco Cements 1.30%
Total Expense Ratio Astral 2.29% Auto Components 1.72%
Regular 1.07% Aerospace & Defense 8.15% Apollo Tyres 1.72%
Direct 0.46% 
Hindustan Aeronautics 4.28% Healthcare Services 1.19%
Bharat Electronics 3.87% Syngene International 1.19%
Electrical Equipment 7.21% Net Cash and Cash Equivalent 0.06%
Siemens 3.89% Grand Total 100.00%
Equity 1.16
Aggregate^ 1.16 
Benchmark: Nifty200 Momentum 30 TRI

thereafter


Re. 1/- thereafter

Exit Load: Nil

@

INDUSTRY ALLOCATION
Finance 18.94% Retailing 4.26%
Banks 13.32% Diversified FMCG 4.03%
Automobiles 11.52% Personal Products 3.98%
Scheme risk-o-meter
Industrial Products 8.72% Transport Services 3.06%
Aerospace & Defense 8.15% Cement & Cement Products 2.95%
Electrical Equipment 7.21% Auto Components 1.72%
Pharmaceuticals & Biotechnology 6.52% Healthcare Services 1.19%
Leisure Services 4.38%


• Create wealth over a long term.
• Investment in equity and equity related instruments
belonging to Nifty200 Momentum 30 Index. Since Since
doubt about whether the product is suitable for them. Bandhan Nifty 200 Momentum 30 Index 22.72% NA NA 21.58% 12,272 NA NA 12,751
Fund - Regular Plan - Growth
Nifty 200 Momentum 30 TRI# 24.59% NA NA 23.45% 12,459 NA NA 12,995
Benchmark risk-o-meter Nifty 50 TRI## 8.47% NA NA 12.81% 10,847 NA NA 11,617
*Inception Date of Regular Plan - Growth September 02, 2022. #Benchmark Returns. ##Additional Benchmark Returns.
Nifty200 Momentum 30 TRI
@@
§
With effect from 13th March 2023, the name of “IDFC Nifty200 Momentum 30 Index Fund” has changed to “Bandhan Nifty200
Momentum 30 Index Fund”
30
Bandhan Nifty Alpha 50 Index Fund Click here to Know more
An open-ended scheme tracking Nifty Alpha 50 Index

30th November 2023

About the Fund: The fund aims to replicate the Nifty
Equity and Equity related Instruments 99.83% 
Sonata Software 2.99%
Alpha 50 Index by investing in the underlying securities
Finance 21.31% Pharmaceuticals & Biotechnology 4.48%
in the same proportion, subject to tracking error. 
Power Finance Corporation 3.82% Glenmark Pharmaceuticals 2.64%
The index invests in stocks that have generated high alpha 
REC 3.59% Zydus Lifesciences 1.84%
over the last year and is designed to be nimble so it can 
PNB Housing Finance 3.29% Construction 3.31%
leverage compelling investment opportunities.
Indian Railway Finance Corporation 2.98% 
NCC 3.31%
IDFC 1.72% Auto Components 3.11%
Category: Index Fund L&T Finance Holdings 1.66% Apollo Tyres 1.61%
Aditya Birla Capital 1.39% Tube Investments of India 0.77%
Monthly Avg AUM: ` 7.21 Crores M&M Financial Services 0.98% MRF 0.73%
Cholamandalam Investment and Finance Company 0.97% Aerospace & Defense 2.91%
Month end AUM: ` 10.71 Crores Poonawalla Fincorp 0.92% Hindustan Aeronautics 2.16%
Banks 17.90% Bharat Electronics 0.75%
Inception Date: 09 November, 2023

The Karnataka Bank 3.37% IT - Services 2.70%
Union Bank of India 2.56% Cyient 2.70%
Equitas Small Finance Bank 2.50% Beverages 2.16%
Fund Manager: Mr. Nemish Sheth Indian Bank 2.09% Varun Beverages 2.16%
IDFC First Bank 1.92% Textiles & Apparels 2.15%
Total Expense Ratio Punjab National Bank 1.77% Raymond 2.15%
Regular 1.00% Bank of India 1.51% Agricultural, Commercial & Construction Vehicles 1.49%
Direct 0.33% Bank of Baroda 0.94% Escorts Kubota 1.49%
Canara Bank 0.76% Automobiles 1.39%
Benchmark: Nifty Alpha 50 Index TRI The Federal Bank 0.48% TVS Motor Company 1.39%
Electrical Equipment 13.60% Ferrous Metals 1.37%

Suzlon Energy 6.05% Jindal Steel & Power 1.37%
thereafter

Bharat Heavy Electricals 3.41% Leisure Services 1.27%
CG Power and Industrial Solutions 2.31% The Indian Hotels Company 1.27%
SIP Frequency: Monthly/Quarterly ABB India 0.92% Diversified FMCG 0.94%
Siemens 0.91% ITC 0.94%
SIP Dates (Monthly/Quarterly)@@: Investor may choose Industrial Products 11.85% Power 0.81%
any day of the month except 29th, 30th and 31st as the 
Supreme Industries 3.13% NHPC 0.81%
date of installment. Finolex Cables 2.71% Food Products 0.47%
Polycab India 2.63% Britannia Industries 0.47%
Investment Objective: Refer Pg No from 82 to 83 APL Apollo Tubes 2.17% Net Cash and Cash Equivalent 0.17%
Cummins India 1.22% Grand Total 100.00%
Minimum Investment Amount: Rs. 1,000/- and in multiples IT - Software 6.60%
of Re. 1/- thereafter 
KPIT Technologies 3.61%


Performance, SIP & other parameters are not disclosed as fund has not completed 1 year.
Exit Load: Nil
INDUSTRY ALLOCATION
Finance 21.31%
Banks 17.90%
Electrical Equipment 13.60%
@
Income Distribution and Capital Withdrawal Industrial Products 11.85%
IT - Software 6.60%
Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Pharmaceuticals & Biotechnology 4.48%
time frame (<3years) since launch of the Scheme Construction 3.31%
Auto Components 3.11%
Aerospace & Defense 2.91%
IT - Services 2.70%
Beverages 2.16%
Textiles & Apparels 2.15%
Agricultural, Commercial & Construction Vehicles 1.49%
Automobiles 1.39%
Ferrous Metals 1.37%
Leisure Services 1.27%
Power 0.81%
Food Products 0.47%

who are seeking*

instruments belonging to Nifty Alpha 50
Index.
product is suitable for them. Investors understand that their principal Nifty Alpha 50 Index TRI
31
Bandhan Nifty IT Index Fund Click here to Know more
An open-ended scheme tracking Nifty IT Index

30th November 2023

Name % of NAV
About the Fund: Hassle free, cost-effective allocation to a
Equity and Equity related Instruments 100.52%
relatively high-quality and stable portfolio of IT companies
IT - Software 98.65%

Infosys 26.91%
Tata Consultancy Services 25.03%

HCL Technologies 9.94%
Monthly Avg AUM: ` 19.35 Crores 
Tech Mahindra 8.90%

Wipro 8.28%
Month end AUM: ` 19.89 Crores 
LTIMindtree 7.22%

Coforge 4.97%
Inception Date: 31 August, 2023

Persistent Systems 4.62%

MphasiS 2.78%
IT - Services 1.86%
Fund Manager: Mr. Nemish Sheth 
L&T Technology Services 1.86%
Net Cash and Cash Equivalent -0.52%
Total Expense Ratio Grand Total 100.00%
Regular 1.00%
Direct 0.35% 
Benchmark: Nifty IT TRI Performance, SIP & other parameters are not disclosed as fund has not completed 1 year.

thereafter
SIP Frequency: Monthly/Quarterly


Re. 1/- thereafter

Exit Load: Nil

@

INDUSTRY ALLOCATION
IT - Services 1.86%

who are seeking*

instruments belonging to Nifty IT Index.
product is suitable for them. Investors understand that their principal Nifty IT TRI
32
Bandhan S&P BSE Sensex ETF§ (BSE scrip code: 540154) Click here to Know more
An open ended scheme tracking S&P BSE Sensex index
30th November 2023

About the Fund: An open-ended Exchange Traded
Fund that seeks to provide returns that, before Equity and Equity related Instruments 99.66% Consumer Durables 3.74%
expenses, closely correspond to the total return of the Banks 35.23% Titan Company 1.91%
S&P BSE Sensex, subject to tracking errors. 
HDFC Bank 15.36% Asian Paints 1.83%

ICICI Bank 8.54% Finance 3.74%
Category: Exchange Traded Fund 
Axis Bank 3.98% Bajaj Finance 2.55%

Kotak Mahindra Bank 3.28% Bajaj Finserv 1.18%
State Bank of India 2.83% Telecom - Services 3.33%
Month end AUM: ` 1.00 Crores IndusInd Bank 1.24% 
Bharti Airtel 3.33%
IT - Software 15.05% Power 2.86%
Inception Date: 07 October 2016 
Infosys 6.78% NTPC 1.62%
Fund Manager: Mr. Nemish Sheth

Tata Consultancy Services 4.66% Power Grid Corporation of India 1.24%
HCL Technologies 1.85% Ferrous Metals 2.33%
(w.e.f 1st November 2021)
Tech Mahindra 1.00% Tata Steel 1.35%
Other Parameter:
Beta 0.99 Wipro 0.76% JSW Steel 0.99%
R Squared 1.00 Petroleum Products 10.69% Pharmaceuticals & Biotechnology 1.73%
Sharpe* 0.66

Reliance Industries 10.69% Sun Pharmaceutical Industries 1.73%
Diversified FMCG 7.99% Cement & Cement Products 1.34%
Portfolio Turnover Ratio 
ITC 5.03% UltraTech Cement 1.34%
Equity 0.08
Hindustan Unilever 2.97% Food Products 1.21%
Aggregate^ 0.08
Tracking Error (Annualized) 0.19% Automobiles 5.51% Nestle India 1.21%
Mahindra & Mahindra 2.07% Net Cash and Cash Equivalent 0.34%
Total Expense Ratio: 0.33% Maruti Suzuki India 1.79% Grand Total 100.00%
Tata Motors 1.65%
Benchmark: S&P BSE Sensex TRI
Construction 4.89%

SIP (Minimum Amount): NA 

SIP Frequency: NA
SIP Dates (Monthly): NA
Exit Load: Nil INDUSTRY ALLOCATION

Banks 35.23%
NAV (`) as on November 30, 2023 Petroleum Products 10.69%
Growth 713.6166
Automobiles 5.51%
IDCW@ NA
Construction 4.89%
Tracking error calculated on the basis of 3 years history of Consumer Durables 3.74%
daily data. Finance 3.74%
Telecom - Services 3.33%
Power 2.86%
Pharmaceuticals & Biotechnology 1.73%
Food Products 1.21%

who are seeking*

• Investing in equity and equity related
instruments forming part of S&P BSE
Sensex Index.
Investors understand that their principal S&P BSE Sensex TRI
Performance Table
Oct 07, 2016 Oct 07, 2016
Bandhan S&P BSE Sensex ETF (BSE scrip 7.18% 15.70% 14.02% 13.94% 10,718 15,505 19,280 25,431
code: 540154)
S&P BSE Sensex TRI #
7.59% 16.27% 14.46% 14.31% 10,759 15,738 19,649 26,026
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.83% 10,847 16,086 19,646 25,255
*Risk-free rate assumed to be 6.90% (FBIL OVERNIGHT MIBOR as on 30th November 2023). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower
of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal.
§
With effect from 13th March 2023, the name of “IDFC S&P BSE Sensex ETF” has changed to “Bandhan S&P BSE Sensex ETF”
33
Bandhan Nifty 50 ETF§ (NSE scrip code: IDFNIFTYET) Click here to Know more
An open ended scheme tracking NIFTY 50 index
30th November 2023

About the Fund: An open-ended Exchange Traded
Equity and Equity related Instruments 99.96% Finance 3.18%
Fund that seeks to provide returns that, before
Banks 30.50% Bajaj Finance 2.15%
expenses, closely correspond to the total return of the 
HDFC Bank 13.25% Bajaj Finserv 1.03%
Nifty 50, subject to tracking errors. 
ICICI Bank 7.41% Telecom - Services 2.90%

Axis Bank 3.37% 
Bharti Airtel 2.90%
Category: Exchange Traded Fund

Kotak Mahindra Bank 2.92% Power 2.48%
State Bank of India 2.45% NTPC 1.41%
IndusInd Bank 1.08% Power Grid Corporation of India 1.08%
Monthly Avg AUM: ` 19.82 Crores IT - Software 13.63% Ferrous Metals 2.02%

Infosys 5.88% Tata Steel 1.18%
Tata Consultancy Services 4.05% JSW Steel 0.84%
HCL Technologies 1.61% Cement & Cement Products 2.01%
Tech Mahindra 0.86% UltraTech Cement 1.18%
Inception Date: 07 October 2016 Wipro 0.66% Grasim Industries 0.84%
LTIMindtree 0.58% Food Products 1.62%
Fund Manager: Mr. Nemish Sheth Petroleum Products 9.58% Nestle India 0.98%
(w.e.f 1st November 2021)

Reliance Industries 9.11% Britannia Industries 0.65%
Bharat Petroleum Corporation 0.47% Insurance 1.57%
Other Parameter: Diversified FMCG 6.94% HDFC Life Insurance Company 0.84%
Beta 0.99

ITC 4.37% SBI Life Insurance Company 0.73%
R Squared 1.00 Hindustan Unilever 2.57% Metals & Minerals Trading 0.88%
Standard Deviation (Annualized) 13.31% Automobiles 6.63% Adani Enterprises 0.88%
Sharpe* 0.75 Mahindra & Mahindra 1.67% Consumable Fuels 0.88%
Maruti Suzuki India 1.60% Coal India 0.88%
Portfolio Turnover Ratio Tata Motors 1.41% Oil 0.86%
Equity 0.05 Bajaj Auto 0.78% Oil & Natural Gas Corporation 0.86%
Aggregate^ 0.05 Eicher Motors 0.60% Non - Ferrous Metals 0.85%
Tracking Error (Annualized) 0.18% Hero MotoCorp 0.56% Hindalco Industries 0.85%
Construction 4.26% Transport Infrastructure 0.75%

Larsen & Toubro 4.26% Adani Ports and Special Economic Zone 0.75%
Total Expense Ratio: 0.09%
Pharmaceuticals & Biotechnology 3.56% Agricultural Food & other Products 0.64%
Sun Pharmaceutical Industries 1.50% Tata Consumer Products 0.64%
Benchmark: Nifty 50 TRI Dr. Reddy's Laboratories 0.80% Healthcare Services 0.63%
Cipla 0.72% Apollo Hospitals Enterprise 0.63%
SIP (Minimum Amount): NA Divi's Laboratories 0.55% Fertilizers & Agrochemicals 0.32%
Consumer Durables 3.24% UPL 0.32%
Titan Company 1.65% Net Cash and Cash Equivalent 0.04%
SIP Frequency: NA Asian Paints 1.59% Grand Total 100.00%

SIP Dates (Monthly): NA
INDUSTRY ALLOCATION
Banks 30.50%
Exit Load: Nil Petroleum Products 9.58%
Automobiles 6.63%
Construction 4.26%
NAV (`) as on November 30, 2023 Pharmaceuticals & Biotechnology 3.56%
Growth 216.0126 Consumer Durables 3.24%
Finance 3.18%
IDCW@ NA Telecom - Services 2.90%
Power 2.48%
Tracking error calculated on the basis of 3 years history of
daily data.
Food Products 1.62%
Insurance 1.57%
Consumable Fuels 0.88%
Metals & Minerals Trading 0.88%
Oil 0.86%
Non - Ferrous Metals 0.85%
Transport Infrastructure 0.75%
Agricultural Food & other Products 0.64%
Healthcare Services 0.63%
Fertilizers & Agrochemicals 0.32%

who are seeking*

• Investing in equity and equity related
instruments forming part of Nifty 50 index.
product is suitable for them. Investors understand that their principal Nifty 50 TRI
Performance Table
Oct 07, 2016 Oct 07, 2016
Bandhan Nifty 50 ETF (NSE scrip
8.40% 16.83% 14.18% 13.57% 10,840 15,968 19,414 24,836
code: IDFNIFTYET)
Nifty 50 TRI# 8.47% 17.12% 14.45% 13.83% 10,847 16,086 19,646 25,255
*Risk-free rate assumed to be 6.90% (FBIL OVERNIGHT MIBOR as on 30th November 2023). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of
purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. @Income Distribution and Capital Withdrawal. §With effect from 13th March 2023, the name of “IDFC Nifty 50 ETF” has changed to “Bandhan Nifty 50 ETF”
34
Bandhan Arbitrage Fund§
An open ended scheme investing in arbitrage opportunities
30th November 2023

Name Industries % of NAV Name Industries % of NAV
HDFC Bank Banks 3.69% Granules India Pharmaceuticals & Biotechnology 0.24%
About the Fund: The fund invests in arbitrage opportunities Zee Entertainment Enterprises Entertainment 2.16% REC Finance 0.22%
in the cash and the derivative segments of the equity Adani Enterprises
Grasim Industries
Metals & Minerals Trading
Cement & Cement Products
1.98%
1.82%
Biocon
Torrent Pharmaceuticals
Pharmaceuticals & Biotechnology
Pharmaceuticals & Biotechnology
0.21%
0.21%
markets. It aims to capture the spread (Cost of Carry) Kotak Mahindra Bank Banks 1.64% Cummins India Industrial Products 0.21%
Pharmaceuticals & ICICI Lombard General Insurance Company Insurance 0.20%
between the cash and futures market by simultaneously Aurobindo Pharma
Biotechnology
1.48%
Birlasoft IT - Software 0.20%
Bajaj Finance Finance 1.44% Sun TV Network Entertainment 0.20%
executing buy (in the cash market) and sell (in the futures Reliance Industries Petroleum Products 1.34% Cipla Pharmaceuticals & Biotechnology 0.20%
market) trades. The balance is invested in debt and money Dabur India
Vodafone Idea
Personal Products
Telecom - Services
1.32%
1.27%
Bank of Baroda
LTIMindtree
Banks
IT - Software
0.19%
0.19%
market instruments. The fund typically follows a strategy of Sun Pharmaceutical Industries
Pharmaceuticals &
1.24% Bharat Electronics Aerospace & Defense 0.19%
Biotechnology Shriram Finance Finance 0.19%
taking market neutral (equally offsetting) positions in the RBL Bank Banks 1.23% Crompton Greaves Consumer Electricals Consumer Durables 0.17%
Punjab National Bank Banks 1.16% Agricultural Food & other
equity market making it a low risk product irrespective of Glenmark Pharmaceuticals Pharmaceuticals & Biotechnology 1.11% Balrampur Chini Mills
Products
0.16%
the movements in equity market. ICICI Bank
Tata Motors
Banks
Automobiles
1.11%
1.10%
NTPC
Container Corporation of India
Power
Transport Services
0.16%
0.16%
IDFC Finance 1.05% Syngene International Healthcare Services 0.16%
Vedanta Diversified Metals 1.03% InterGlobe Aviation Transport Services 0.16%
Category: Arbitrage Infosys IT - Software 1.00%
Laurus Labs
Pharmaceuticals &
0.16%
Larsen & Toubro Construction 0.96% Biotechnology
Agricultural, Commercial & Pharmaceuticals &
Escorts Kubota 0.95% Zydus Lifesciences 0.16%
Construction Vehicles Biotechnology
Monthly Avg AUM: ` 4,182.65 Crores Lupin Pharmaceuticals & Biotechnology 0.93% The Ramco Cements Cement & Cement Products 0.15%
Indus Towers Telecom - Services 0.92% Eicher Motors Automobiles 0.15%
DLF Realty 0.90% Dalmia Bharat Cement & Cement Products 0.15%
Adani Ports and Special Economic Zone Transport Infrastructure 0.86% The Indian Hotels Company Leisure Services 0.14%
Month end AUM: ` 4,146.99 Crores Hindustan Petroleum Corporation Petroleum Products 0.83% SRF Chemicals & Petrochemicals 0.14%
Indian Energy Exchange Capital Markets 0.82% ABB India Electrical Equipment 0.14%
Oberoi Realty Realty 0.81% Bharat Forge Industrial Products 0.13%
Cholamandalam Investment and Finance Company Finance 0.81% Aditya Birla Fashion and Retail Retailing 0.13%
Inception Date: 21 December 2006 Dr. Reddy's Laboratories Pharmaceuticals & Biotechnology 0.79% MRF Auto Components 0.13%
Godrej Consumer Products Personal Products 0.77% Hindustan Unilever Diversified FMCG 0.12%
City Union Bank Banks 0.77% Bajaj Finserv Finance 0.12%
Fund Manager^^: Equity Portion: Mr. Nemish Sheth (w.e.f. Tech Mahindra
Voltas
IT - Software
Consumer Durables
0.77%
0.74%
Bharti Airtel
Dixon Technologies (India)
Telecom - Services
Consumer Durables
0.11%
0.11%
1st November 2021) & Debt Portion: Mr. Harshal Joshi Havells India Consumer Durables 0.72% United Spirits Beverages 0.11%
Power Finance Corporation Finance 0.62% Pharmaceuticals &
(w.e.f. 20th October 2016). ITC Diversified FMCG 0.60%
Abbott India
Biotechnology
0.11%
UltraTech Cement Cement & Cement Products 0.59% Bharat Petroleum Corporation Petroleum Products 0.11%
Aarti Industries Chemicals & Petrochemicals 0.59% Ambuja Cements Cement & Cement Products 0.10%
Asian Paints Consumer Durables 0.57% Gujarat Narmada Valley Fertilizers and Chemicals Chemicals & Petrochemicals 0.10%
Other Parameter: GAIL (India) Gas 0.57% Chambal Fertilizers & Chemicals Fertilizers & Agrochemicals 0.09%
Beta 0.69 NMDC
Power Grid Corporation of India
Minerals & Mining
Power
0.57%
0.56%
Indraprastha Gas
Multi Commodity Exchange of India
Gas
Capital Markets
0.09%
0.09%
R Squared 0.70 Manappuram Finance Finance 0.56% Titan Company Consumer Durables 0.09%
Indiabulls Housing Finance Finance 0.55% L&T Technology Services IT - Services 0.09%
Standard Deviation (Annualized) 0.62% The India Cements Cement & Cement Products 0.54% L&T Finance Holdings Finance 0.09%
Piramal Enterprises Finance 0.54% GMR Airports Infrastructure Transport Infrastructure 0.08%
Sharpe* -3.38 National Aluminium Company Non - Ferrous Metals 0.54% Trent Retailing 0.08%
Coal India Consumable Fuels 0.53% Tata Steel Ferrous Metals 0.08%
United Breweries Beverages 0.52% The Federal Bank Banks 0.07%
Portfolio Turnover Ratio Bharat Heavy Electricals
Hindalco Industries
Electrical Equipment
Non - Ferrous Metals
0.52%
0.51%
Jindal Steel & Power
PI Industries
Ferrous Metals
Fertilizers & Agrochemicals
0.07%
0.07%
Equity 4.94 State Bank of India Banks 0.49% Axis Bank Banks 0.07%
Canara Bank Banks 0.47% Gujarat Gas Gas 0.07%
Aggregate^ 17.30 Aditya Birla Capital Finance 0.46% SBI Life Insurance Company Insurance 0.07%
Can Fin Homes Finance 0.46% Oil & Natural Gas Corporation Oil 0.07%
Mahanagar Gas Gas 0.46% Godrej Properties Realty 0.06%
PVR INOX Entertainment 0.44% Delta Corp Leisure Services 0.06%
Total Expense Ratio Hindustan Copper Non - Ferrous Metals 0.42% Dr. Lal Path Labs Healthcare Services 0.06%
Regular 1.05% Info Edge (India)
Balkrishna Industries
Retailing
Auto Components
0.40%
0.39%
Shree Cement Cement & Cement Products
Pharmaceuticals &
0.05%
Alkem Laboratories 0.05%
Direct 0.37% Petronet LNG Gas 0.39% Biotechnology
Indian Railway Catering And Tourism Corporation Leisure Services 0.36% Page Industries Textiles & Apparels 0.04%
Tata Power Company Power 0.36% Coforge IT - Software 0.04%
Exide Industries Auto Components 0.36% UPL Fertilizers & Agrochemicals 0.04%
Benchmark: Nifty 50 Arbitrage Index Siemens Electrical Equipment 0.35% HDFC Asset Management Company Capital Markets 0.04%
Nestle India Food Products 0.34% Hero MotoCorp Automobiles 0.04%
(w.e.f. April 01, 2018) MphasiS IT - Software 0.34% Atul Chemicals & Petrochemicals 0.04%
Agricultural Food & other Oracle Financial Services Software IT - Software 0.04%
Marico 0.33% Tata Consultancy Services IT - Software 0.03%
Products
SIP (Minimum Amount): ` 100/- Bajaj Auto
Apollo Tyres
Automobiles
Auto Components
0.32%
0.32%
Polycab India Industrial Products
Agricultural, Commercial &
0.03%
Ashok Leyland 0.01%
Samvardhana Motherson International Auto Components 0.30% Construction Vehicles
Pidilite Industries Chemicals & Petrochemicals 0.29% Berger Paints (I) Consumer Durables 0.01%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Steel Authority of India Ferrous Metals 0.29% Metropolis Healthcare Healthcare Services 0.01%
Deepak Nitrite Chemicals & Petrochemicals 0.29% Total Hedged Equity 70.90%
Indian Oil Corporation Petroleum Products 0.29% Corporate Bond 11.40%
SIP Dates (Monthly/Quarterly)@@: Investor may choose Indiamart Intermesh Retailing 0.29% Government Bond 3.14%
any day of the month except 29th, 30th and 31st as the Tata Consumer Products
Agricultural Food & other
0.28%
Treasury Bill 1.19%
Products State Government Bond 0.59%
date of installment. Divi's Laboratories Pharmaceuticals & Biotechnology 0.28% Commercial Paper 0.59%
LIC Housing Finance Finance 0.28% PTC^ 0.44%
JSW Steel Ferrous Metals 0.27% Mutual Fund Units
Investment Objective: Refer Pg No from 82 to 83 Apollo Hospitals Enterprise Healthcare Services 0.26% Bandhan Liquid Fund -Direct Plan-Growth 10.10%
Max Financial Services Insurance 0.25% Net Cash and Cash Equivalent 1.66%
Maruti Suzuki India Automobiles 0.25% Grand Total 100.00%
Wipro IT - Software 0.25%
Minimum Investment Amount: ` 100/- and any amount ICICI Prudential Life Insurance Company Insurance 0.25% ^
First Business Receivables Trust- wt. avg. mat: 0.61 years
ACC Cement & Cement Products 0.24% (PTC originated by Reliance Industries Limited)
thereafter
INDUSTRY ALLOCATION (Equity Portion)
Banks 10.91% Agricultural, Commercial & Construction Vehicles 0.96%
and Sweep (from Equity Schemes to Debt Schemes only)) - Finance 7.38% Capital Markets 0.95%
Monthly & Annual Pharmaceuticals & Biotechnology 7.15% Transport Infrastructure 0.94%
Cement & Cement Products 3.63% Retailing 0.90%
IT - Software 2.86% Agricultural Food & other Products 0.78%
Exit Load: 0.25% if redeemed / switched-out within 1 Entertainment 2.80% Insurance 0.77%
Petroleum Products 2.57% Diversified FMCG 0.72%
month from the date of allotment Consumer Durables 2.42% Ferrous Metals 0.72%
(w.e.f 01st July 2016) Telecom - Services 2.30% Beverages 0.63%
Personal Products 2.09% Minerals & Mining 0.57%
Metals & Minerals Trading 1.98% Leisure Services 0.57%
Automobiles 1.86% Consumable Fuels 0.53%
Realty 1.78% Healthcare Services 0.48%
NAV (`) as on November 30, 2023 Gas 1.58% Industrial Products 0.36%
Auto Components 1.50% Food Products 0.34%
Regular Plan Growth 29.0103 Non - Ferrous Metals 1.46% Transport Services 0.32%
Regular Plan Monthly IDCW@ 13.0870 Chemicals & Petrochemicals 1.44% Fertilizers & Agrochemicals 0.21%
Power 1.08% Aerospace & Defense 0.19%
Regular Plan Annual IDCW@ 11.0311 Diversified Metals 1.03% IT - Services 0.09%
Electrical Equipment 1.01% Oil 0.07%
Construction 0.96% Textiles & Apparels 0.04%
^^Ms. Ritika Behera will be managing for Equity overseas This product is suitable for investors who are Scheme risk-o-meter Benchmark risk-o-meter
investment portion of the scheme w.e.f. October 07, 2023 seeking*
& Mr. Sreejith Balasubramanian will be managing overseas
• To generate low volatility returns over short to
for Debt investment portion of the scheme. medium term.
• Investments predominantly in arbitrage
opportunities in the cash and derivative segments
of the equity markets with balance exposure in debt
and money market instruments.
doubt about whether the product is suitable for them. Investors understand that their principal Nifty 50 Arbitrage Index
will be at Low risk
Performance Table
Dec 21, 2006 Dec 21, 2006
Bandhan Arbitrage Fund 7.18% 4.81% 4.88% 5.89% 6.48% 10,718 11,517 12,692 17,727 29,010
Nifty 50 Arbitrage Index# 7.87% 5.31% 4.95% 5.71% NA 10,787 11,683 12,736 17,436 NA
CRISIL 1 Year T-Bill## 6.97% 4.72% 5.63% 6.46% 6.16% 10,697 11,487 13,150 18,715 27,537
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal.
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. §With effect from 13th March 2023, the name of “IDFC Arbitrage Fund” has changed to “Bandhan Arbitrage Fund”
2023.
35
Bandhan Equity Savings Fund§ Click here to Know more
An open ended scheme investing in equity, arbitrage and debt

30th November 2023

About the Fund: Bandhan Equity Savings Fund is a hybrid Name Rating % of NAV Name Rating % of NAV
scheme investing in equity, arbitrage and debt with net Equity and Equity related Instruments 69.64% Telecom - Services 1.07%
equity exposure ranging from 20-45% and debt exposure Net Equity Exposure 20.40% Bharti Airtel 1.07%
ranging from 20-35%, remaining being in arbitrage. Banks 5.89% Construction 0.86%

HDFC Bank 3.48% Larsen & Toubro 1.94%
HDFC Bank - Equity Futures -0.72% Larsen & Toubro - Equity Futures -1.08%
Category: Equity Savings 
ICICI Bank 2.99% Retailing 0.79%
ICICI Bank - Equity Futures -1.44% Avenue Supermarts 0.51%
Monthly Avg AUM: ` 92.52 Crores Axis Bank 0.67% V-Mart Retail 0.28%
IndusInd Bank 0.55% Power 0.51%
Month end AUM: ` 95.72 Crores State Bank of India 0.35% 
Tata Power Company 3.59%
IT - Software 2.08% Tata Power Company - Equity Futures -3.62%

Tata Consultancy Services 4.03% NTPC 0.54%
Tata Consultancy Services - Equity Futures -3.34% Auto Components 0.48%
HCL Technologies 2.35% Bosch 0.48%
Fund Manager^^: Equity Portion: Mr. Sachin Relekar,
HCL Technologies - Equity Futures -2.37% Beverages 0.48%
Mr. Nemish Sheth & Mr. Viraj Kulkarni (w.e.f. 1st July 2022) Tech Mahindra 0.92% United Breweries 0.48%
Debt Portion: Mr. Harshal Joshi. Tech Mahindra - Equity Futures -0.92% Cement & Cement Products 0.34%
Infosys 0.88% The Ramco Cements 0.34%
Other Parameter: MphasiS 0.53% Electrical Equipment 0.19%
Beta 0.58 Finance 1.84% Thermax 0.19%
R Squared 0.85 
Bajaj Finance 4.76% Insurance -0.01%
Standard Deviation (Annualized) 3.04% Bajaj Finance - Equity Futures -3.75% SBI Life Insurance Company 0.90%
Sharpe* 0.18 SBI Cards and Payment Services 0.52% SBI Life Insurance Company - Equity Futures -0.91%
Poonawalla Fincorp 0.31% Agricultural Food & other Products -0.01%
Modified Duration£ 159 Days
Diversified FMCG 1.69% 
Marico 3.04%
Average Maturity£ 181 Days
ITC 0.85% Marico - Equity Futures -3.05%
Macaulay Duration£ 169 Days
Hindustan Unilever 0.84% Ferrous Metals -0.02%
Yield to Maturity£ 7.18% Petroleum Products 1.58% JSW Steel 2.94%
£
For debt allocation only 
Reliance Industries 6.58% JSW Steel - Equity Futures -2.95%
Reliance Industries - Equity Futures -5.01% Chemicals & Petrochemicals -0.02%
Portfolio Turnover Ratio Automobiles 1.36% 
Pidilite Industries 3.73%
Equity 0.27 Tata Motors 2.52% Pidilite Industries - Equity Futures -3.75%
Aggregate^ 7.00 Tata Motors - Equity Futures -2.01% Personal Products -0.02%
Mahindra & Mahindra 1.45% Dabur India 2.81%
Mahindra & Mahindra - Equity Futures -1.45% Dabur India - Equity Futures -2.83%
Total Expense Ratio Maruti Suzuki India 0.85% Mutual Fund Units 9.30%
Regular 1.36% Pharmaceuticals & Biotechnology 1.32% Bandhan Liquid Fund -Direct Plan-Growth 9.30%
Direct 0.38% 
Aurobindo Pharma 4.79% Corporate Bond 5.16%
Aurobindo Pharma - Equity Futures -4.83% Kotak Mahindra Prime AAA 5.16%
Benchmark: CRISIL Equity Savings Index (w.e.f. 1st Dec, 
Sun Pharmaceutical Industries 3.21% Britannia Industries AAA 0.0002%
2021) Sun Pharmaceutical Industries - Equity Futures -2.97% Government Bond 1.26%
Torrent Pharmaceuticals 2.22% 7.38% - 2027 G-Sec SOV 1.26%
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments) Torrent Pharmaceuticals - Equity Futures -2.23% Net Cash and Cash Equivalent 14.64%
Cipla 0.54% Grand Total 100.00%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) IPCA Laboratories 0.36%
Laurus Labs 0.24% 

INDUSTRY ALLOCATION
thereafter Pharmaceuticals & Biotechnology 11.36% Personal Products 2.81%
IT - Software 8.71% Construction 1.94%
Option Available: Growth & IDCW@ Option - Monthly, Banks 8.05% Diversified FMCG 1.69%
Quarterly and Annual and Payout, Reinvestment & Sweep Petroleum Products 6.58% Telecom - Services 1.07%
facilities (from Equity Schemes to Debt Schemes Only). Finance 5.59% Insurance 0.90%
Automobiles 4.82% Retailing 0.79%
Exit Load: If redeemed/switched out within 7 days from Power 4.13% Auto Components 0.48%
the date of allotment: Chemicals & Petrochemicals 3.73% Beverages 0.48%
 Up to 10% of investment: Nil, Agricultural Food & other Products 3.04% Cement & Cement Products 0.34%
For remaining investment: 0.25% of applicable NAV. Ferrous Metals 2.94% Electrical Equipment 0.19%
 If redeemed/switched out after 7 days from date of
allotment: Nil.
NAV (`) as on November 30, 2023 This product is suitable for investors
who are seeking*
Regular Plan Monthly IDCW@ 14.3690 • To generate long term capital growth and
Regular Plan Annual IDCW@ 12.7840 income.
Regular Plan Quarterly IDCW@ 12.5690 • Investment predominantly in Equity
and Equity related securities (including
arbitrage and other derivative strategies) as
^^Ms. Ritika Behera will be managing for Equity overseas well as Fixed Income securities.
investment portion of the scheme w.e.f. October 07, 2023
& Mr. Sreejith Balasubramanian will be managing overseas *Investors should consult their financial
advisers if in doubt about whether the Investors understand that their principal CRISIL Equity Savings Index
for Debt investment portion of the scheme.
product is suitable for them. will be at Low to Moderate risk
Performance Table
Jun 09, 2008 Jun 09, 2008
Bandhan Equity Savings Fund$ 7.19% 7.46% 7.05% 6.54% 6.73% 10,719 12,416 14,060 18,854 27,403
CRISIL Equity Savings Index# 7.99% 9.96% 10.08% 8.90% 8.33% 10,799 13,305 16,170 23,478 34,540
CRISIL 10 Year Gilt Index## 6.77% 2.94% 5.96% 6.92% 6.42% 10,677 10,910 13,360 19,529 26,215
#
Benchmark Returns. ##Additional Benchmark Returns.
$
The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.
Current Index performance adjusted for the period from since inception to April 30, 2018 with the performance of CRISIL Liquid Fund Index (Benchmark)
@
Income Distribution and Capital Withdrawal. Dedicated fund manager for foreign / overseas investment has been changed from Mr. Viraj Kulkarni to Ms. Ritika Behera.
@@
§
With effect from 13th March 2023, the name of “IDFC Equity Savings Fund” has changed to “Bandhan Equity Savings Fund”
36
Bandhan Balanced Advantage Fund§ Click here to Know more
An open ended dynamic asset allocation fund
30th November 2023

About the Fund: Name Rating % of NAV Name Rating % of NAV
Equity and Equity related Instruments 72.08% Timken India 0.36%
• ‘Dynamically’ invests between Equity and Debt Net Equity Exposure 43.14% Healthcare Services 1.26%
• An Equity fund that buys less when markets are Banks 7.14% Apollo Hospitals Enterprise 1.26%
expensive and more when markets are cheap

ICICI Bank 9.25% Diversified FMCG 0.95%
ICICI Bank - Equity Futures -6.03% 
Hindustan Unilever 2.15%
• Based on the model that tracks market valuation 
HDFC Bank 6.10% Hindustan Unilever - Equity Futures -1.20%
HDFC Bank - Equity Futures -3.00% ITC 0.47%
Category: Dynamic Asset Allocation or Balanced Kotak Mahindra Bank 1.34% ITC - Equity Futures -0.47%
Advantage Kotak Mahindra Bank - Equity Futures -1.34% Food Products 0.85%
Axis Bank 0.82% Nestle India 0.78%
Monthly Avg AUM: ` 2,313.93 Crores State Bank of India 0.40% Mrs. Bectors Food Specialities 0.07%
State Bank of India - Equity Futures -0.40% Beverages 0.59%
Month end AUM: ` 2,337.13 Crores Finance 5.54% United Spirits 1.04%

Bajaj Finance 4.86% United Spirits - Equity Futures -1.05%
Inception Date: 10 October 2014 Bajaj Finance - Equity Futures -1.77% Varun Beverages 0.60%

Cholamandalam Investment and Finance Company 3.65% Industrial Manufacturing 0.59%
Fund Manager^^: Equity Portion: Mr. Sachin Relekar Cholamandalam Investment and Finance Praj Industries 0.59%
-1.20% Personal Products 0.02%
(w.e.f. 1st March 2022), Mr. Sumit Agrawal (w.e.f. 01st Company - Equity Futures
March 2017) & Mr. Vishal Biraia (w.e.f. 19th June 2023). Automobiles 4.90% Godrej Consumer Products 1.67%
Debt Portion: Mr. Brijesh Shah (w.e.f. 16th July 2022). 
Tata Motors 2.38% Godrej Consumer Products - Equity Futures -1.65%
Tata Motors - Equity Futures -0.57% Pharmaceuticals & Biotechnology 0.001%
Other Parameter: TVS Motor Company 1.77% Lupin 0.16%
Standard Deviation (Annualized) 7.08% Mahindra & Mahindra 1.72% Lupin - Equity Futures -0.16%
Beta 0.87 Mahindra & Mahindra - Equity Futures -0.40% Sun Pharmaceutical Industries 0.05%
R Squared 0.77 IT - Software 4.10% Sun Pharmaceutical Industries - Equity Futures -0.05%
Sharpe* 0.35

Infosys 4.71% Divi's Laboratories 0.02%
Infosys - Equity Futures -2.48% Divi's Laboratories - Equity Futures -0.02%

Tata Consultancy Services 1.95% Realty -0.001%
Modified Duration£ 3.14 years Tata Consultancy Services - Equity Futures -0.82% DLF 0.15%
Average Maturity£ 4.19 years MphasiS 1.02% DLF - Equity Futures -0.16%
Macaulay Duration£ 3.27 years MphasiS - Equity Futures -0.28% Fertilizers & Agrochemicals -0.003%
Yield to Maturity£ 7.47% Tech Mahindra 0.52% PI Industries 0.39%
Tech Mahindra - Equity Futures -0.52% PI Industries - Equity Futures -0.39%
£
For debt allocation only Auto Components 3.29% Ferrous Metals -0.004%
UNO Minda 1.37% JSW Steel 0.68%
Portfolio Turnover Ratio Sona BLW Precision Forgings 0.97% JSW Steel - Equity Futures -0.69%
Equity 0.18 Samvardhana Motherson International 0.95% Construction -0.004%
Aggregate^ 3.59 Retailing 2.53% Larsen & Toubro 0.72%
Trent 1.19% Larsen & Toubro - Equity Futures -0.72%
Total Expense Ratio Avenue Supermarts 1.03% Insurance -0.01%
Regular 1.93% Electronics Mart India 0.31% HDFC Life Insurance Company 1.33%
Direct 0.62% Electrical Equipment 1.84% HDFC Life Insurance Company - Equity Futures -1.33%
Suzlon Energy 1.16% Petroleum Products -0.01%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index ABB India 0.39% Reliance Industries 0.82%
(w.e.f. 1st Dec, 2021) Apar Industries 0.29% Reliance Industries - Equity Futures -0.83%
Aerospace & Defense 1.75% Government Bond 14.85%
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments) Data Patterns (India) 1.02% 7.06% - 2028 G-Sec SOV 6.58%
Bharat Electronics 0.73% 7.18% - 2033 G-Sec SOV 4.89%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Telecom - Services 1.70% 7.1% - 2029 G-Sec SOV 2.12%
Bharti Airtel 1.70% 7.18% - 2037 G-Sec SOV 1.05%
Consumer Durables 1.63% 7.26% - 2033 G-Sec SOV 0.21%
SIP Dates (Monthly/Quarterly)@@: Investor may choose 
Titan Company 1.80% Corporate Bond 6.38%
any day of the month except 29th, 30th and 31st as the Titan Company - Equity Futures -0.17% Bajaj Finance AAA 3.20%
date of installment. Chemicals & Petrochemicals 1.57% HDFC Bank AAA 2.13%
SRF 1.40% NABARD AAA 1.04%
Investment Objective: Refer Pg No from 82 to 83 SRF - Equity Futures -0.28% NTPC AAA 0.01%
Aether Industries 0.44% Certificate of Deposit 2.95%
Minimum Investment Amount : ` 1,000/- and any amount Cement & Cement Products 1.52% Small Industries Dev Bank of India A1+ 1.68%
thereafter 
UltraTech Cement 2.33% Axis Bank A1+ 1.27%
UltraTech Cement - Equity Futures -0.81% Treasury Bill 1.05%
Option Available: Growth, IDCW@ (Payout, Reinvestment ACC 0.14% 182 Days Tbill - 2024 SOV 1.05%
and Sweep (from Equity Schemes to Debt Schemes only)) ACC - Equity Futures -0.15% Net Cash and Cash Equivalent 2.68%
Industrial Products 1.38% Grand Total 100.00%
Exit Load: In respect of each purchase of Units: Carborundum Universal 1.02% 
- For 10% of investment: Nil
- For remaining investment: 1% if redeemed/ switched SECTOR ALLOCATION
out within 1 year from the date of allotment (w.e.f. July
5, 2017) Sector Weight in Fund Weight in Index~
Banks 24.9% 24.0%
NAV (`) as on November 30, 2023 NBFCs 13.7% 7.6%
Regular Plan Growth 20.12 Auto 13.2% 7.2%
Regular Plan IDCW@ 13.65 Information Technology 11.4% 11.1%
Oil & Gas 1.1% 8.5%
Metals 0.9% 4.4%
Chemicals 3.1% 1.4%
^^Ms. Ritika Behera will be managing for Equity overseas Telecommunication Services 2.4% 2.4%
investment portion of the scheme w.e.f. October 07, 2023 Real Estate 0.2% 0.8%
& Mr. Sreejith Balasubramanian will be managing overseas ~
The Sector allocation has been compared with Equity Index S&P BSE 200 TRI in Weight In Index
who are seeking*

• Dynamic allocation towards equity,
derivatives, debt and money market
instruments.
advisers if in doubt about whether the Investors understand that their principal NIFTY 50 Hybrid Composite
product is suitable for them. will be at Moderately High risk debt 50:50 Index
Performance Table
Oct 10, 2014 Oct 10, 2014
Bandhan Balanced Advantage Fund 9.75% 9.36% 9.31% 7.94% 10,975 13,090 15,608 20,119
NIFTY 50 Hybrid Composite debt 50:50
7.67% 10.85% 11.54% 10.39% 10,767 13,634 17,266 24,705
Index#
Nifty 50 TRI## 8.47% 17.12% 14.45% 12.19% 10,847 16,086 19,646 28,620
The portfolio will be rebalanced within the first three working days of the next month.
#
The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017. @Income Distribution and Capital Withdrawal
Debt portion: Mr. Arvind Subramanian managed this scheme up to 15th July, 2022.
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. §With effect from 13th March 2023, the name of “IDFC Balanced Advantage Fund” has changed to “Bandhan Balanced Advantage Fund”
2023.
37
Bandhan Hybrid Equity Fund§ Click here to Know more
An Open-ended hybrid scheme investing predominantly in equity and equity related instruments
30th November 2023

About the Fund: Bandhan Hybrid Equity Fund provides a
combination of equity (between 65% and 80%) and debt Equity and Equity related Instruments 71.50% 
NTPC 2.25%
Banks 17.93% Electrical Equipment 2.15%
(between 20% and 35%) so as to provide both relative 
HDFC Bank 5.60% Suzlon Energy 1.46%
stability of returns and potential of growth. Both equity and 
ICICI Bank 4.78% Siemens 0.68%
fixed income portions are actively managed. 
Axis Bank 2.94% Diversified FMCG 1.67%

State Bank of India 1.61% 
ITC 1.67%
Category: Aggressive Hybrid IndusInd Bank 1.49% Telecom - Services 1.59%
Kotak Mahindra Bank 1.00% Bharti Airtel 1.59%
Monthly Avg AUM: ` 628.78 Crores Bandhan Bank 0.51% Commercial Services & Supplies 1.47%
IT - Software 6.83% TeamLease Services 0.77%
Infosys 4.71% Updater Services 0.70%
LTIMindtree 0.78% Ferrous Metals 1.44%
Inception Date: 30 December 2016 Coforge 0.77% Jindal Steel & Power 1.05%
Tech Mahindra 0.57% Tata Steel 0.39%
Fund Manager^^: Equity Portion: Mr. Manish Gunwani Consumer Durables 4.84% Leisure Services 1.41%
(w.e.f. 28 January, 2023) & Mr. Viraj Kulkarni (w.e.f. 1st July IFB Industries 0.88% Yatra Online 0.74%
2022) Debt Portion: Mr. Harshal Joshi. Greenply Industries 0.84% EIH 0.67%
Whirlpool of India 0.74% Insurance 1.13%
Other Parameter: Voltas 0.70% HDFC Life Insurance Company 1.13%
Standard Deviation (Annualized) 10.36% Crompton Greaves Consumer Electricals 0.69% Chemicals & Petrochemicals 1.06%
Beta 1.05 Amber Enterprises India 0.64% SRF 1.06%
Greenpanel Industries 0.35% Cement & Cement Products 0.92%
R Squared 0.86 Automobiles 4.79% JK Lakshmi Cement 0.92%
Sharpe* 0.87 
Maruti Suzuki India 1.65% Oil 0.85%
Bajaj Auto 1.23% Oil & Natural Gas Corporation 0.85%
Modified Duration£ 2.52 years Tata Motors 0.96% IT - Services 0.70%
Average Maturity£ 3.00 years Hero MotoCorp 0.95% Affle (India) 0.70%
Macaulay Duration£ 2.62 years Pharmaceuticals & Biotechnology 4.30% Personal Products 0.69%
Yield to Maturity£ 7.43% Sun Pharmaceutical Industries 1.26% Bajaj Consumer Care 0.69%
Cipla 0.89% Entertainment 0.67%
£
For debt allocation only Dr. Reddy's Laboratories 0.72% PVR INOX 0.67%
Aurobindo Pharma 0.72% Beverages 0.66%
Portfolio Turnover Ratio Biocon 0.71% United Spirits 0.66%
Equity 0.60 Petroleum Products 3.34% Non - Ferrous Metals 0.40%
Aggregate^ 1.28 
Reliance Industries 3.34% Hindalco Industries 0.40%
Finance 2.97% Food Products 0.31%
Total Expense Ratio Bajaj Finance 1.22% Avanti Feeds 0.31%
Regular 2.40% M&M Financial Services 0.91% Government Bond 19.97%
Direct 1.09% SBI Cards and Payment Services 0.84% 7.06% - 2028 G-Sec SOV 9.31%
Retailing 2.42% 7.38% - 2027 G-Sec SOV 8.62%
Benchmark: CRISIL Hybrid 35+65 Aggressive Index (w.e.f. Avenue Supermarts 1.54% 6.79% - 2027 G-Sec SOV 0.92%
1st Dec, 2021) V-Mart Retail 0.87% 8.24% - 2027 G-Sec SOV 0.80%
Auto Components 2.40% 7.17% - 2028 G-Sec SOV 0.31%
SIP (Minimum Amount): ` 100/- (Minimum 6 instalments) Bosch 0.84% Corporate Bond 5.31%
UNO Minda 0.84% Kotak Mahindra Prime AAA 3.90%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Endurance Technologies 0.71% Power Finance Corporation AAA 0.94%
Construction 2.33% NABARD AAA 0.47%

Larsen & Toubro 2.33% Net Cash and Cash Equivalent 3.22%
any day of the month except 29th, 30th and 31st as the Power 2.25% Grand Total 100.00%


INDUSTRY ALLOCATION
thereafter Banks 17.93% Commercial Services & Supplies 1.47%
IT - Software 6.83% Ferrous Metals 1.44%
Option Available: Growth & IDCW (Payout, Reinvestment
@
Consumer Durables 4.84% Leisure Services 1.41%
& Sweep facility) Automobiles 4.79% Insurance 1.13%
Pharmaceuticals & Biotechnology 4.30% Chemicals & Petrochemicals 1.06%
Exit Load: 10% of investment: Nil Petroleum Products 3.34% Cement & Cement Products 0.92%
Finance 2.97% Oil 0.85%
Remaining investment: 1% if redeemed/switched out Retailing 2.42% IT - Services 0.70%
within 1 year from the date of allotment Auto Components 2.40% Personal Products 0.69%
Construction 2.33% Entertainment 0.67%
Power 2.25% Beverages 0.66%
NAV (`) as on November 30, 2023 Electrical Equipment 2.15% Non - Ferrous Metals 0.40%
Regular Plan Growth 19.70 Diversified FMCG 1.67% Food Products 0.31%
Telecom - Services 1.59%
Regular Plan IDCW¥ 16.47

^^Ms. Ritika Behera will be managing for Equity overseas who are seeking*
investment portion of the scheme w.e.f. October 07, 2023
& Mr. Sreejith Balasubramanian will be managing overseas • To create wealth over long term.
equity related securities and balance
exposure in debt and money market
instruments.
advisers if in doubt about whether the Investors understand that their principal CRISIL Hybrid 35+65 Aggressive Index
Performance Table
Dec 30, 2016 Dec 30, 2016
Bandhan Hybrid Equity Fund $
11.44% 15.90% 12.11% 10.30% 11,144 15,587 17,718 19,702
CRISIL Hybrid 35+65 Aggressive Index #
9.78% 13.88% 13.12% 13.02% 10,978 14,784 18,526 23,327
Nifty 50 TRI ##
8.47% 17.12% 14.45% 15.31% 10,847 16,086 19,646 26,797
The portfolio shall be rebalanced on the first business day of every month. #Benchmark Returns. ##Additional Benchmark Returns.
$
The fund has been repositioned from Balanced category to Aggressive Hybrid category w.e.f. April 30, 2018.
Dedicated fund manager for foreign / overseas investment has been changed from Mr. Viraj Kulkarni to Ms. Ritika Behera.
@@
If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day. @Income Distribution and Capital Withdrawal
Mr. Anoop Bhaskar was managing this Scheme till 27th January 2023. §With effect from 13th March 2023, the name of “IDFC Hybrid Equity Fund” has changed to “Bandhan Hybrid Equity Fund”
38
Bandhan Retirement Fund Click here to Know more
An open-ended retirement solution oriented scheme having a lock-in of 5 years or till

retirement age (whichever is earlier)
30th November 2023

About the Fund: A Retirement Fund that aims to cushion
the downside while aiming to participate in the upside by Equity and Equity related Instruments 68.87% ITC 2.19%
dynamically allocating between equity and debt. Net Equity Exposure 47.65% Electrical Equipment 2.03%
Banks 9.78% Apar Industries 0.98%
Category: Solution oriented

ICICI Bank 4.31% Inox Wind 0.59%
ICICI Bank - Equity Futures -2.07% Hitachi Energy India 0.46%

HDFC Bank 3.24% Ferrous Metals 1.85%

Axis Bank 2.43% Jindal Steel & Power 1.35%
Month end AUM: ` 149.36 Crores Kotak Mahindra Bank 2.07% Jindal Stainless 0.50%
Kotak Mahindra Bank - Equity Futures -2.08% Realty 1.51%
Inception Date: 13 October 2023 AU Small Finance Bank 0.95% Macrotech Developers 0.98%
Union Bank of India 0.48% Sobha 0.53%
Fund Manager^^: Equity Portion: Mr. Viraj Kulkarni Bandhan Bank 0.45% Telecom - Services 1.45%
Debt Portion: Mr. Gautam Kaul Pharmaceuticals & Biotechnology 3.79% 
Bharti Airtel 3.71%
Dr. Reddy's Laboratories 1.89% Bharti Airtel - Equity Futures -2.27%
Other Parameter: Dr. Reddy's Laboratories - Equity Futures -1.90% Construction 1.37%
Modified Duration£ 6.89 years Lupin 0.97% 
Average Maturity£ 10.99 years Abbott India 0.96% Larsen & Toubro - Equity Futures -2.20%
Macaulay Duration£ 7.14 years Cipla 0.90% Capital Markets 1.11%
Yield to Maturity£ 7.39% Aurobindo Pharma 0.53% Angel One 0.64%
Laurus Labs 0.43% HDFC Asset Management Company 0.47%
£
For debt allocation only
IT - Software 3.66% Auto Components 1.02%
Total Expense Ratio

Infosys 2.75% UNO Minda 1.02%

Tech Mahindra 2.41% Consumable Fuels 0.99%
Regular 2.31%
Tech Mahindra - Equity Futures -1.48% Coal India 0.99%
Direct 0.53%
HCL Technologies 1.89% Non - Ferrous Metals 0.97%
Benchmark: CRISIL Hybrid 50+50 - Moderate Index HCL Technologies - Equity Futures -1.90% Hindalco Industries 0.97%
Petroleum Products 3.25% Transport Services 0.97%
SIP (Minimum Amount): Rs. 100/- and in multiples of Re.

Reliance Industries 3.25% InterGlobe Aviation 0.97%
1 thereafter Automobiles 3.06% Consumer Durables 0.95%

Bajaj Auto 2.24% 
Titan Company 3.24%
SIP Frequency: Monthly/Quarterly Maruti Suzuki India 1.70% Titan Company - Equity Futures -2.29%
Hero MotoCorp 1.07% Power 0.94%
SIP Dates (Monthly/Quarterly)@@: Investor may choose TVS Motor Company 1.05% NHPC 0.94%
any day of the month except 29th, 30th and 31st as the Tata Motors 0.96% Beverages 0.54%
date of installment. Maruti Suzuki India - Equity Futures -1.71% Varun Beverages 0.54%
Bajaj Auto - Equity Futures -2.26% Insurance 0.50%
Investment Objective: Refer Pg No from 82 to 83 Finance 2.50% Max Financial Services 0.50%
Power Finance Corporation 1.22% Entertainment 0.44%
Minimum Investment Amount: ` 1,000/- and in multiples Bajaj Finserv 1.06% Zee Entertainment Enterprises 0.44%
of Re. 1/- thereafter Bajaj Finserv - Equity Futures -1.07% Chemicals & Petrochemicals 0.42%
Cholamandalam Investment and Finance Company 0.84% Vishnu Chemicals 0.42%
Option Available: The Scheme offer IDCW@ Option & M&M Financial Services 0.44% Government Bond 26.35%
Growth Option. IDCW@ Option under each Plan further Retailing 2.38% 7.18% - 2037 G-Sec SOV 19.70%
offers of choice of Payout & Sweep facilities. Info Edge (India) 0.99% 7.18% - 2033 G-Sec SOV 6.65%
Zomato 0.95% Net Cash and Cash Equivalent 4.77%
Exit Load: Nil Aditya Birla Fashion and Retail 0.44% Grand Total 100.00%
Diversified FMCG 2.19% 
Performance, SIP & other parameters are not disclosed as fund has not completed 1 year.
Regular Plan IDCW¥ 10.29
SECTOR ALLOCATION
^^Ms. Ritika Behera has been designated as the dedicated Sector Weight in Fund Weight in Index~
fund manager for managing the overseas exposure in Banks 20.2% 24.0%
equity segment for all equity oriented schemes and hybrid Information Technology 11.7% 11.1%
schemes of Bandhan Mutual Fund (“the Fund”) with effect Auto 11.7% 7.2%
from October 07, 2023. NBFCs 7.5% 7.6%
Oil & Gas 4.7% 8.5%
Metals 5.5% 4.4%
Utilities 1.4% 3.8%
Chemicals 0.6% 1.4%
~
The Sector allocation has been compared with Equity Index S&P BSE 200 TRI in Weight In Index

who are seeking*
• Capital appreciation and income generation

over long term.
• A hybrid scheme with investment in equity
and equity related instruments as well as
debt and money market instruments.
advisers if in doubt about whether the Investors understand that their principal CRISIL Hybrid 50+50 - Moderate Index
product is suitable for them. will be at High risk
Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Tracking Error of the Scheme is not computed owing to the short time frame
(<3years) since launch of the Scheme
@@
@
39
Bandhan Regular Savings Fund§ Click here to Know more
An open ended hybrid scheme investing predominantly in debt instruments
30th November 2023
About the Fund: Bandhan Regular Savings Fund is a hybrid Name Rating % of NAV Name Rating % of NAV
fund which offers up to 25% participation in the equity Government Bond 66.09% Auto Components 1.38%
markets with the balance invested in fixed income. The 7.38% - 2027 G-Sec SOV 22.94% 
Tube Investments of India 0.72%
Equity portfolio of the fund is an actively managed all
7.1% - 2029 G-Sec SOV 19.68% 
UNO Minda 0.66%
cap portfolio. The Fixed Income portfolio is also actively
managed with a mix of debt and money market instruments. 7.06% - 2028 G-Sec SOV 7.88% IT - Software 1.37%
7.17% - 2028 G-Sec SOV 4.10% 
LTIMindtree 0.71%
Category: Conservative Hybrid 8.33% - 2026 G-Sec SOV 4.07% 
Tata Consultancy Services 0.66%
Monthly Avg AUM: ` 125.43 Crores 8.24% - 2027 G-Sec SOV 2.66% Retailing 1.15%
6.79% - 2027 G-Sec SOV 2.66% 
Trent 1.15%
Month end AUM: ` 125.98 Crores 8.28% - 2027 G-Sec SOV 2.11% Automobiles 1.03%
Inception Date: 25 February 2010 State Government Bond 7.99% 
TVS Motor Company 1.03%
8.07% Gujrat SDL - 2025 SOV 7.99% Finance 0.64%
Fund Manager^^: Equity Portion: Mr. Sumit Agrawal & Corporate Bond 4.24% 
Cholamandalam Investment and Finance Company 0.64%
Mr. Viraj Kulkarni (w.e.f. 1st July 2022) Power Finance Corporation AAA 4.01% Personal Products 0.63%
Debt Portion: Mr. Harshal Joshi.
LIC Housing Finance AAA 0.24% 
Godrej Consumer Products 0.63%
Other Parameter: Britannia Industries AAA 0.001% Corporate Debt Market Development Fund 0.29%
Standard Deviation (Annualized) 3.09% Equity (incl. ETF) 19.69% Corporate Debt Market Development Fund 0.29%
Modified Duration£ 3.06 years Banks 1.51% Exchange Traded Funds 11.99%
Average Maturity£ 3.67 years 
HDFC Bank 0.60% Bandhan Nifty 50 ETF 11.99%
Macaulay Duration£ 3.17 years
Yield to Maturity£ 7.43%

ICICI Bank 0.41% Net Cash and Cash Equivalent 1.69%
IndusInd Bank 0.26% Grand Total 100.00%
£
For debt allocation only
Axis Bank 0.24%
Monthly income is not assured and is subject to availability

of distributable surplus
Total Expense Ratio

Regular 2.06%
Direct 1.12%
Benchmark: CRISIL Hybrid 85+15 Conservative Index (w.e.f.

1st Dec, 2021)

Asset Quality


thereafter
Option Available: Growth & IDCW@ Option - Payout,

Reinvestment & Sweep facility and Quarterly & Regular.
Exit Load: If redeemed/switched out within 7 days from

the date of allotment:
- Up to 10% of investment: Nil, for remaining investment:
0.25% of applicable NAV.
If redeemed/switched out after 7 days from date of
allotment: Nil.

Regular Plan Quarterly IDCW@ 13.4776 This product is suitable for investors
who are seeking*
investment portion of the scheme w.e.f. October 07, 2023 • To provide regular income and capital
& Mr. Sreejith Balasubramanian will be managing overseas appreciation over medium to long term.
for Debt investment portion of the scheme. • Investment predominantly in debt and
money market instruments and balance
exposure in equity and equity related
securities.
Investors understand that their principal CRISIL Hybrid 85+15
advisers if in doubt about whether the will be at Moderately High risk Conservative Index
Performance Table
Feb 25, 2010 Feb 25, 2010
Bandhan Regular Savings Fund 6.36% 5.01% 6.05% 7.69% 7.72% 10,636 11,585 13,414 20,996 27,842
CRISIL Hybrid 85+15 Conservative Index #
7.47% 6.42% 8.79% 9.39% 8.62% 10,747 12,057 15,242 24,557 31,220
Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future. The performances given are of regular plan growth option.
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal
Dedicated fund manager for foreign / overseas investment has been changed from Mr. Viraj Kulkarni to Ms. Ritika Behera.
@@
§
With effect from 13th March 2023, the name of “IDFC Regular Savings Fund” has changed to “Bandhan Regular Savings Fund”
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market
Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate
Debt Market Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest percentage of net assets in the units of the
CDMDF.
40
Bandhan US Equity Fund of Fund§ Click here to Know more
An open ended fund of fund scheme investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange
Traded Fund (/s) investing in US Equity securities
30th November 2023
About the Fund: The Scheme will invest in units/shares of Name % of NAV
overseas Mutual Fund Scheme (/s) / Exchange Traded Fund JPMorgan Funds - US Growth Fund Class: JPM US Growth I (acc) - USD 98.63%
(/s) investing in US Equity securities, except to meet its
liquidity requirements. International Mutual Fund Units 98.63%
Clearing Corporation of India Ltd 0.70%
Category: Fund of Funds (Overseas)
TRI Party Repo Total 0.70%
Monthly Avg AUM: ` 279.79 Crores Net Current Asset 0.67%
Month end AUM: ` 282.45 Crores Grand Total 100.00%
Inception Date: 20 August 2021
Fund Manager: Mr. Harshal Joshi (w.e.f. 20th August 2021)

& Ms. Ritika Behera w.e.f. 7th October 2023.
Total Expense Ratio

Regular 1.58%
Direct 0.48%
(In addition to the above, the scheme will also incur 0.75%,
i.e. total weighted average of the expense ratio levied by
the underlying schemes.)
Benchmark: Russell 1000 Growth Index (Total Return Net

of 30% withholding tax)
SIP (Minimum Amount): ` 100/- and in multiples of Rs.1

thereafter

Minimum Investment Amount: Fresh Purchase (including

switch-in) - ` 1,000/- and in multiples of Re. 1/- thereafter
Additional Purchase (including switch-in) - Rs.1,000/- and
any amount thereafter
Option Available: Income Distribution cum capital

withdrawal Option & Growth Option. Income Distribution
cum capital withdrawal Option under each Plan further
offers of choice of Payout of Income Distribution cum
capital withdrawal, Reinvestment of Income Distribution
cum capital withdrawal& Transfer of Income Distribution
cum capital withdrawal.
Exit Load: 1% of applicable NAV - if the units are

redeemed/switched out within 1 year from the date of
allotment
Nil – if the units are redeemed / switched-out after 1 year
from the date of allotment

Regular Plan IDCW@ 10.98 This product is suitable for investors
who are seeking*
@
• Diversification of returns through investing
in a fund mainly investing in units/shares
of overseas Mutual Fund Scheme (/s) /
Exchange Traded Fund (/s) which invests in
US Equity securities.
advisers if in doubt about whether the Investors understand that their principal Russell 1000 Growth Index
Performance Table
Aug 20, 2021 Aug 20, 2021
Bandhan US Equity Fund of Fund - Regular Plan - Growth 25.11% NA NA 4.17% 12,511 NA NA 10,976
Russell 1000 Growth Index (Total Return Net of 30% 28.88% NA NA 7.09% 12,888 NA NA 11,691
withholding tax)
Nifty 50 TRI 8.47% NA NA 10.53% 10,847 NA NA 12,563
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal
Ms. Ritika Behera has been designated as the dedicated fund manager for managing foreing / overseas investment.
@@
§
With effect from 13th March 2023, the name of “IDFC US Equity Fund of Fund” has changed to “Bandhan US Equity Fund of Fund”
41
Bandhan US Treasury Bond 0-1 year Fund of Fund Click here to Know more
An open ended fund of fund scheme investing in units / shares of overseas Index Funds and / or Exchange Traded Funds
which track an index with US treasury securities in the 0-1 year maturity range as its constituents
30th November 2023
About the Fund: An opportunity to diversify into Name % of NAV

international debt-oriented strategy to help create a USD JPMorgan ETFs BetaBuilders US Tre Bond0-1 yr UCITS 97.45%
asset to meet future USD expense
International Mutual Fund Units 97.45%
Category: Fund of Funds (Overseas) Clearing Corporation of India Ltd 3.98%
Monthly Avg AUM: ` 163.24 Crores TRI Party Repo Total 3.98%
Net Current Asset -1.43%
Grand Total 100.00%
Fund Manager: Mr. Sreejith Balasubramanian (Overseas

portion) & Mr. Brijesh Shah (Debt portion).
Total Expense Ratio

Regular 0.19%
Direct 0.12%
(In addition to the above, the scheme will also incur 0.07%,
i.e. total weighted average of the expense ratio levied by
the underlying schemes.)
Benchmark: ICE 0-1 Year US Treasury Securities Index
SIP (Minimum Amount): ` 100/- and in multiples of Rs.1

thereafter

Minimum Investment Amount: Fresh Purchase (including

switch-in) - ` 1,000/- and in multiples of Re. 1/- thereafter
Additional Purchase (including switch-in) - Rs.1,000/- and
any amount thereafter
Option Available: Income Distribution cum capital

withdrawal Option & Growth Option. Income Distribution
cum capital withdrawal Option under each Plan further
offers of choice of Payout of Income Distribution cum
capital withdrawal, Reinvestment of Income Distribution
cum capital withdrawal& Transfer of Income Distribution
cum capital withdrawal.
Exit Load: 0.10% of applicable NAV - if the units are

redeemed/switched out within seven days from the date
of allotment;
Nil - if the units are redeemed/switched out after 7 days
from the date of allotment.

@
who are seeking*

• Generate returns through investing in US
treasury securities in the 0-1 year maturity
range.
product is suitable for them. Investors understand that their principal ICE 0-1 Year US Treasury Securities Index
Performance Table
Scheme Name Simple annualised (%)
6 months
Bandhan US Treasury Bond 0-1 Year Fund of Fund - Regular Plan - Growth 6.66%
ICE 0-1 Year US Treasury Securities Index 7.06%
Note: Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1
year. However, such returns may not be representative. Absolute return of the Scheme for the 6 month period is 3.34%.
For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages.
Other parameters relating to performance and SIP are not disclosed as the fund has not completed 1 year.
“Where the scheme has been in existence for less than six months past performance shall not be provided. Further, if the scheme has
been in existence for more than six months but less than one year, then simple annualized growth rate of the scheme for the past 6
months from the last day of month-end preceding the date of advertisement shall be provided.”
Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
@@
42
Bandhan Asset Allocation Fund of Funds
An open ended fund of fund scheme investing in schemes of Bandhan Mutual Fund – equity funds and debt funds excluding Gold ETF
30th November 2023
Click here to Know more Click here to Know more Click here to Know more
FUND FEATURES FUND FEATURES FUND FEATURES
Bandhan Asset Allocation Fund - Conservative Plan§ Bandhan Asset Allocation Fund - Moderate Plan§ Bandhan Asset Allocation Fund - Aggressive Plan§
Category: Fund of Funds (Domestic) Category: Fund of Funds (Domestic) Category: Fund of Funds (Domestic)
Monthly Avg AUM: ` 5.93 Crores Monthly Avg AUM: ` 17.42 Crores Monthly Avg AUM: ` 15.68 Crores
Month end AUM: ` 5.96 Crores Month end AUM: ` 17.69 Crores Month end AUM: ` 15.96 Crores
Inception Date: 11 February 2010 Inception Date: 11 February 2010 Inception Date: 11 February 2010
Fund Manager: Mr. Sachin Relekar (w.e.f. March 1, 2022) & Mr. Fund Manager: Mr. Sachin Relekar (w.e.f. March 1, 2022) & Mr. Fund Manager: Mr. Sachin Relekar (w.e.f. March 1, 2022) & Mr.
Viraj Kulkarni (w.e.f. July 1, 2022) Viraj Kulkarni (w.e.f. July 1, 2022) Viraj Kulkarni (w.e.f. July 1, 2022)
Total Expense Ratio Total Expense Ratio Total Expense Ratio
Regular 0.77% Regular 1.02% Regular 1.27%
Direct 0.23% Direct 0.38% Direct 0.55%
Benchmark: CRISIL Hybrid 85+15 Conservative Index (w.e.f. Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index Benchmark: CRISIL Hybrid 35+65 Aggressive Index (w.e.f. 1st
1st Dec, 2021) (w.e.f. 1st Dec, 2021) Dec, 2021)
SIP (Minimum Amount) : `100/- SIP (Minimum Amount) : `100/- SIP (Minimum Amount) : `100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any SIP Dates (Monthly/Quarterly)@@: Investor may choose any SIP Dates (Monthly/Quarterly)@@: Investor may choose any
day of the month except 29th, 30th and 31st as the date of day of the month except 29th, 30th and 31st as the date of day of the month except 29th, 30th and 31st as the date of
installment. installment. installment.
Investment Objective: Refer Pg No from 82 to 83 Investment Objective: Refer Pg No from 82 to 83 Investment Objective: Refer Pg No from 82 to 83
Minimum Investment Amount : ` 1,000/- and any amount Minimum Investment Amount : ` 1,000/- and any amount Minimum Investment Amount : ` 1,000/- and any amount
thereafter thereafter thereafter
Option Available : Growth, IDCW@ - (Payout, Reinvestment Option Available : Growth, IDCW@ - (Payout, Reinvestment Option Available : Growth, IDCW@ - (Payout,
and Sweep) and Sweep) Reinvestment and Sweep)
Exit Load: If redeemed/switched out within 365 days from Exit Load: If redeemed/switched out within 365 days from Exit Load: If redeemed/switched out within 365 days from
the date of allotment: the date of allotment: the date of allotment:
Upto 10% of investment:Nil, Upto 10% of investment:Nil, Upto 10% of investment:Nil,
For remaining investment: 1% of applicable NAV. For remaining investment: 1% of applicable NAV. For remaining investment: 1% of applicable NAV.
If redeemed / switched out after 365 days from date of If redeemed / switched out after 365 days from date of If redeemed / switched out after 365 days from date of
allotment: Nil. (w.e.f. May 08, 2020) allotment: Nil. (w.e.f. May 08, 2020) allotment: Nil. (w.e.f. May 08, 2020)
NAV (`) as on November 30, 2023 NAV (`) as on November 30, 2023 NAV (`) as on November 30, 2023
Regular Plan Growth 28.6691 Regular Plan Growth 33.0044 Regular Plan Growth 36.0317
Regular Plan IDCW@ 16.3708 Regular Plan IDCW@ 19.6869 Regular Plan IDCW@ 22.1217
Scheme risk-o-meter Scheme risk-o-meter Scheme risk-o-meter
Investors understand that their principal will be at Investors understand that their Investors understand that their principal
Moderately High risk principal will be at High risk will be at High risk
This product is suitable for investors who are This product is suitable for investors who are This product is suitable for investors who are
seeking*: seeking*: seeking*:
• To generate capital appreciation and income over • To generate capital appreciation and income over • To generate capital appreciation and income over
long term. long term. long term.
• Investment in different Bandhan Mutual Fund • Investment in different Bandhan Mutual Fund • Investment in different Bandhan Mutual Fund
schemes based on a defined asset allocation model. schemes based on a defined asset allocation model. schemes based on a defined asset allocation model.
*Investors should consult their financial advisers if in *Investors should consult their financial advisers if in *Investors should consult their financial advisers if in
doubt about whether the product is suitable for them. doubt about whether the product is suitable for them. doubt about whether the product is suitable for them.
Benchmark risk-o-meter Benchmark risk-o-meter Benchmark risk-o-meter
CRISIL Hybrid 85+15 Conservative Index NIFTY 50 Hybrid Composite debt 50:50 Index CRISIL Hybrid 35+65 Aggressive Index
43
Bandhan Asset Allocation Fund of Funds
An open ended fund of fund scheme investing in schemes of Bandhan Mutual Fund – equity funds and debt funds excluding Gold ETF
30th November 2023
PORTFOLIO FUND FEATURES
Conservative Moderate Aggressive Standard Allocation % to net assets

Name
Plan Plan Plan
Conservative Moderate Aggressive
TRI Party Repo Total 0.66% 1.63% 0.62% Particulars
Plan Plan Plan
Clearing Corporation of India 0.66% 1.63% 0.62%
Equity Funds (including
10-30% 25-55% 40-80%
Debt 78.49% 53.84% 34.34% Offshore equity)
Bandhan Low Duration Fund 31.75% 13.16% 13.45% Debt Funds and/or Arbitrage
35-90% 10-75% 0-40%
Bandhan Bond Fund -Short Term Plan 31.47% 30.15% 9.99% funds (including Liquid fund)
Bandhan Liquid Fund 15.27% 10.52% 10.90% Alternate (including Gold/

0-30% 0-30% 0-30%
Commodity based funds)
Equity 20.86% 44.53% 65.13%
Debt and Money Market
Bandhan Focused Equity Fund - 9.50% 5.47% 0-5% 0-5% 0-5%
Securities
Bandhan Large Cap Fund 20.86% 32.93% 54.24%
(w.e.f. 28 May, 2018)
Bandhan Small Cap Fund - 2.11% 5.42%
Net Current Asset -0.02% 0.01% -0.10%
Grand Total 100.00% 100.00% 100.00%
Performance Table
1 Year 3 Years 5 Years 10 Years Since Inception 1 Year 3 Years 5 Years 10 Years Since Inception
Bandhan Asset Allocation Fund - CP*^ 7.73% 6.60% 6.96% 8.09% 7.93% 10,773 12,121 14,005 21,784 28,669
CRISIL Hybrid 85+15 Conservative Index#$ 7.47% 6.42% 8.79% 9.39% 8.61% 10,747 12,057 15,242 24,557 31,271
*Since Inception Regular Plan - Growth Feb 11, 2010.
Performance Table
Bandhan Asset Allocation Fund - MP*^ 10.83% 10.02% 8.62% 9.27% 9.03% 11,083 13,328 15,122 24,280 33,004
NIFTY 50 Hybrid Composite debt 50:50 Index#$ 7.67% 10.85% 11.54% 11.36% 10.35% 10,767 13,634 17,266 29,359 38,979
*Since Inception Regular Plan - Growth Feb 11, 2010.
Performance Table
Bandhan Asset Allocation Fund - AP *^
13.02% 13.15% 10.07% 10.30% 9.73% 11,302 14,501 16,161 26,676 36,032
CRISIL Hybrid 35+65 Aggressive Index#$ 9.78% 13.88% 13.12% 13.09% 11.34% 10,978 14,784 18,526 34,266 44,080
Nifty 50 TRI## 8.47% 17.12% 14.45% 13.91% 12.26% 10,847 16,086 19,646 36,819 49,347
#
*Inception Date of Regular Plan - Growth Feb 11, 2010.
^The fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of Bandhan Mutual Funds.
@
@@
§
With effect from 13th March 2023, the name of “IDFC Asset Allocation Fund - Conservative, Moderate, Aggressive Plan” has changed to “Bandhan Asset Allocation Fund - Conservative, Moderate,
Aggressive Plan”.
44
Bandhan All Seasons Bond Fund§ Click here to Know more
An open ended fund of fund scheme investing in debt oriented mutual fund schemes (including liquid and money market schemes) ent
Pot Class
ial
k
of Bandhan Mutual Fund with Relatively High interest rate risk and Relatively Low Credit Risk R i s
I
30th November 2023 A-II
Core Bucket
About the Fund: All Seasons Bond Fund is a Fund Name % of NAV
of Fund (FOF) structure which can invest in one or
more funds within our basket of short term offerings Mutual Fund Units 95.85%
currently. The portfolio gives the fund manager the
flexibility to play between debt and money market, Bandhan Bond Fund - Short Term Plan 58.90%
benefiting from the accrual available in its space
Bandhan Banking & PSU Debt Fund 36.95%
and optimizing the portfolio yields.
Category: Fund of Funds (Domestic)
Grand Total 100.00%
Inception Date: 13 September 2004
Fund Manager:
Mr. Harshal Joshi (w.e.f 15th July 2016)
Other Parameter:
Modified Duration 2.24 years
Asset Quality
Average Maturity 2.66 years
Macaulay Duration 2.35 years
Yield to Maturity 7.55%
Total Expense Ratio$

Regular 0.50%
Direct 0.09%
Benchmark: Tier 1: NIFTY Medium Duration Debt Index

A-III (w.e.f. 1st April 2022) Tier 2: NIFTY Short Duration Debt
Index (w.e.f. 1st April 2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any

day of the month except 29th, 30th and 31st as the date of
installment.
Potential Risk Class Matrix
Investment Objective: Refer Pg No from 82 to 83 Credit Risk of the scheme
Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest Rate Risk of the scheme
Minimum Investment Amount: ` 1,000/- and any amount Relatively Low (Class I)
thereafter Moderate (Class II)
Relatively High (Class III) A-III
Option Available: Growth & IDCW@ Option - Daily (Reinvest), A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
Weekly (Reinvest), fortnightly, Quarterly, Half yearly, Annual
& Periodic (each with Payout, Reinvestment & Sweep facility).
Exit Load: Nil (w.e.f. 11 November, 2020)

Plan Option Freq NAV
Performance Table
Regular Plan Growth - 38.5807 Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
Regular Plan IDCW@ Quarterly 12.6170 Since Since
Regular Plan IDCW@ Half Yearly 12.8135 Inception Inception
Regular Plan IDCW@ Annual 14.4092 Bandhan All Seasons Bond
6.31% 4.15% 6.77% 7.34% 7.28% 10,631 11,303 13,877 20,309 38,581
Fund*
Regular Plan IDCW@ Fortnightly 12.3643
NIFTY Medium Duration
Regular Plan IDCW@ Daily 12.3723 6.14% 4.04% 7.39% 7.87% 7.50% 10,614 11,264 14,286 21,349 40,155
Debt Index A-III#
Regular Plan IDCW@ Weekly 12.4064 NIFTY Short Duration
6.89% 4.84% 6.88% 7.54% 7.60% 10,689 11,528 13,948 20,690 40,894
Regular Plan IDCW@ Periodic 13.4913 Debt Index#
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses,
commission expenses etc.
#
*Inception Date of Regular Plan - Growth Sep 13, 2004.
$
Investors may note that they will be bearing recurring expenses of the Scheme in addition to the expenses of the underlying schemes
in which the Fund of Funds scheme invests. @Income Distribution and Capital Withdrawal.
@@
§
With effect from 13th March 2023, the name of “IDFC All Seasons Bond Fund” has changed to “Bandhan All Seasons Bond Fund”.
This product is suitable for investors who are seeking* Scheme risk-o-meter Benchmark risk-o-meter Benchmark risk-o-meter
• To generate short to medium ter optimal returns.

• Investment in debt oriented schemes of Bandhan Mutual Fund.
*Investors should consult their financial advisers if in doubt about
whether the product is suitable for them.
Investors understand that their principal Tier 1: NIFTY Medium Duration Tier 2: NIFTY Short Duration
will be at Moderate risk Debt Index A-III Debt Index
45
The importance of ‘FIRST PRINCIPLES’
when investing in DEBT MUTUAL FUNDS
Suyash Choudhary,
Head - Fixed Income
Identifying Risk in Debt Mutual Funds (MFs)
• Interest rate risk

Risk of loss owing to changes in interest rates. This risk is best captured by the duration of the fund.
• Credit risk
Risk of loss owing to change in credit profile of an issuer that leads either to a downgrade or default.’
Identifying own risk profile

Since mutual funds cannot guarantee returns, it is very important to appropriately identify one's own risk profile while
deciding where to invest. If one wants a risk profile that is the closest to a fixed deposit, one has to choose a debt
fund that controls both the interest rate and credit risk.
The First Principles Requirements from a Mutual Fund (MF)

Remember to look for one where majority of the investments are liquid; which means that the fund manager should
be able to sell them at least in ordinary market conditions.
Some False Premises

There are some false premises in debt fund investing that one should be aware of:
MFs can manage liquidity via exit loads

In many cases chiefly for credit risk funds, because a significant part of the portfolio consists of illiquid securities,
the fund manager relies on suitable exit loads to deter redemption. In some sense, some sort of an asset liability
management (ALM) framework is used. So asset maturity is in 'buckets' basis the exit load periods of investors. Exit
loads are no doubt a large detriment for redeeming from a mutual fund. However, by no stretch of the imagination
can they be relied upon as a sufficiently high detriment. As has already been shown in the Indian market as well, if the
investor concern is strong enough, she can pay exit load and redeem.
Even AAA can default, so why bother?

Recent events have evoked this response in certain quarters. As an admittedly extreme analogy this is somewhat akin
to saying food can sometimes make you choke, so why eat! The probability of AAA defaulting is negligible. This has
been proved with data over multiple decades. This doesn’t mean it can never happen. However, to use a once-in-a-blue
moon default and paint a general principle is not advisable at all. Also with some due diligence, the weaker AAA can
be generally weeded out by the fund manager in most cases.
Conclusions
The attempt here has been to highlight some first principles that will hopefully serve well when making allocations to
fixed income mutual funds. Some of the key takeaways are summarized below:
1. Investors should first be aware of individual risk profile. Assuming debt investments are first made for
conservatism, a majority of allocations should be to full AAA funds in the low duration / short term / medium term /
corporate bond / Banking PSU categories.
2. Credit is a risk just like interest rates are. It can lead to both positive as well as negative outcomes. The key is to
allocate to both credit and duration in the so-called ‘alpha’ bucket’ and not in the core debt allocation bucket.
3. An open ended debt mutual fund should first and foremost fulfill the criterion that a majority of its portfolio
should have liquidity and price discovery via the open market. This enables seamless redemption management,
consistency in portfolio profile even with inflows and redemptions, and the discovery of NAV that is largely accurate.
4. A lot of discussion on credit revolves around quality of manager and depth of research process. What is equally
important, however, is to ask this: Is the nature of risk being taken consistent with the vehicle being used to take the
risk? More specifically, are open ended mutual funds the appropriate vehicle to take on such positions?
46
Bandhan Overnight Fund§
An Open-ended Debt Scheme investing in overnight securities with Relatively Low interest rate riskand
fs ent
ial
+m Pot Class
Relatively Low Credit Risk A1 CARE R i s k
30th November 2023 by
A-I
Liquidity Bucket
About the Fund: The fund aims to generate short term Name Rating % of NAV
optimal returns in line with overnight rates.
182 Days Tbill (MD 14/12/2023) SOV 1.43%
Category: Overnight
Monthly Avg AUM: ` 1,750.25 Crores 182 Days Tbill (MD 21/12/2023) SOV 1.43%
Month end AUM: ` 1,744.40 Crores 91 Days Tbill (MD 07/12/2023) SOV 0.57%
Inception Date: 18 January 2019
Treasury Bill Total 3.43%
Fund Manager^^: Mr. Brijesh Shah (w.e.f. 1st February
2019). Clearing Corporation of India Ltd 99.39%
Other Parameter: TRI Party Repo Total 99.39%
Modified Duration 2 Days Net Current Asset -2.82%
Average Maturity 2 Days Grand Total 100.00%
Macaulay Duration 2 Days
Total Expense Ratio
Regular 0.15%
Direct 0.05%
Benchmark: Nifty 1D Rate Index

installment.
thereafter
Option Available: Growth, IDCW@ - Daily (Reinvestment),
Weekly (Reinvestment), Monthly IDCW@ & Periodic
(Reinvestment, Payout and Sweep facility).
Exit Load: Nil.
Regular Plan Growth - 1242.2044
Regular Plan IDCW@ Daily 1000.0030
Regular Plan IDCW@ Weekly 1002.0294 Potential Risk Class Matrix
Regular Plan IDCW@ Monthly 1000.1891 Credit Risk of the scheme
Regular Plan IDCW@ Periodic 1136.6120 Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
^^Mr. Sreejith Balasubramanian will be managing overseas Relatively Low (Class I) A-I
investment portion of the scheme.
Moderate (Class II)
Scheme risk-o-meter Relatively High (Class III)
A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.
Asset Allocation Asset Quality

will be at Low risk

seeking*:
• To generate short term optimal returns in line with
overnight rates and high liquidity.
• To invest in money market and debt instruments, with
maturity of 1 day.
Nifty 1D Rate Index
Performance Table
Scheme Name Simple annualised (%) CAGR returns (%) Current Value of Investment of ` 10,000
7 days 15 days 30 days 1 year 3 years 5 years 10 years Since inception 7 days 15 days 30 days 1 year 3 years 5 years 10 years Since inception
Bandhan Overnight Fund 6.66% 6.65% 6.64% 6.53% 4.63% - - 4.56% 10,013 10,027 10,055 10,653 11,455 - - 12,422
Nifty 1D Rate Index# 6.78% 6.79% 6.79% 6.70% 4.82% - - 4.73% 10,013 10,028 10,056 10,670 11,516 - - 12,523
CRISIL 1 Year T-Bill## 6.51% 6.44% 7.32% 6.97% 4.72% - - 5.52% 10,012 10,026 10,060 10,697 11,484 - - 12,990
The scheme has been in existence for more than 1 year but less than 5 years.
Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future. The performances given are of regular plan growth option.
For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages. #Benchmark Returns. ##Additional Benchmark Returns.
*Inception Date of Regular Plan - Growth Jan 18, 2019. @Income Distribution and Capital Withdrawal.
@@
§
With effect from 13th March 2023, the name of “IDFC Overnight Fund” has changed to “Bandhan Overnight Fund”.
Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2021/683 dated December 10, 2021 (“the Circular”), SEBI has notified that with respect to the margin or collateral requirement for execution of certain
transactions, overnight funds can deploy not exceeding 5% of the net assets of the scheme in Government Securities and/or Treasury bills with a residual maturity of upto 30 days for the purpose of placing
the same as margin and collateral for certain transactions.
47
Bandhan Liquid Fund§ Click here to Know more
ial
Liquidity
An open ended liquid scheme with Relatively Low interest rate risk and ent
Relatively Low Credit Risk
Pot Class
Risk
Bucket
30th November 2023 A-I

About the Fund: The Fund aims to invest in high quality debt
and money market instruments with high liquidity and seeks
to generate accrual income with low volatility. Commercial Paper 42.80% Axis Bank A1+ 0.74%
Small Industries Dev Bank of India A1+ 7.09% Union Bank of India A1+ 0.37%
Category: Liquid
Bajaj Finance A1+ 6.66% Kotak Mahindra Bank A1+ 0.19%
Monthly Avg AUM: ` 15,546.14 Crores Reliace Retail Ventures A1+ 6.39% Treasury Bill 17.80%
HDFC Bank A1+ 4.26% 91 Days Tbill - 2024 SOV 15.30%
Month end AUM: ` 13,318.54 Crores
Kotak Securities A1+ 3.54% 182 Days Tbill - 2023 SOV 1.13%
Inception Date: 2 July 2001 Tata Steel A1+ 3.00% 364 Days Tbill - 2024 SOV 0.60%
Fund Manager^^: Mr. Harshal Joshi (w.e.f. 15th September HDFC Securities A1+ 2.97% 182 Days Tbill - 2024 SOV 0.56%
2015) Mr. Brijesh Shah (w.e.f. 1st December 2021). NABARD A1+ 2.41% 91 Days Tbill - 2023 SOV 0.23%
ICICI Securities A1+ 2.05% Corporate Bond 4.82%
Other Parameter:
Larsen & Toubro A1+ 1.67% NABARD AAA 3.92%
Tata Capital Housing Finance A1+ 1.48% M&M Financial Services AAA 0.60%
Modified Duration 50 Days L&T Finance A1+ 1.29% Small Industries Dev Bank of India AAA 0.30%
Average Maturity 51 Days Certificate of Deposit 27.69% Government Bond 1.01%
Macaulay Duration 51 Days HDFC Bank A1+ 7.43% 7.68% - 2023 G-Sec SOV 0.94%
Yield to Maturity 7.30% Bank of Baroda A1+ 7.03% 7.32% - 2024 G-Sec SOV 0.08%
Canara Bank A1+ 4.35% Corporate Debt Market Development Fund£ 0.21%
Total Expense Ratio
NABARD A1+ 3.90% Corporate Debt Market Development Fund 0.21%
Regular 0.25%
Direct 0.12% Small Industries Dev Bank of India A1+ 2.19% Net Cash and Cash Equivalent 5.66%
ICICI Bank A1+ 1.49% Grand Total 100.00%
Benchmark: NIFTY Liquid Index A-I (w.e.f. 1st April 2022)
SIP (Minimum Amount): ` 100/- Asset Allocation Asset Quality

SIP Dates (Monthly/Quarterly)@@: Investor may choose any §§

installment.
Minimum Investment Amount: ` 100/- and any amount

thereafter
Option Available: Growth & IDCW@ Option - Daily (Reinvest),

Weekly (Reinvest), Monthly (Payout, Reinvest and Sweep),
Periodic (Payout, Reinvest and Sweep).
Exit Load*
Investor exit upon Exit load as a % of
subscription redemption proceeds Corporate Debt Market Development Fund
§§
Day 1 0.0070%
Day 2 0.0065% Potential Risk Class Matrix
Day 3 0.0060% Credit Risk of the scheme
Day 4 0.0055% Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Day 5 0.0050%
Relatively Low (Class I) A-I
Day 6 0.0045%
Moderate (Class II)
Day 7 onwards 0.0000%
*With effect from October 20, 2019 Relatively High (Class III)
A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk

Plan Option Freq NAV Scheme risk-o-meter Benchmark risk-o-meter
who are seeking*
Regular Plan IDCW@ Weekly 1002.1972 • To generate short term optimal returns
Regular Plan IDCW@ Periodic 1219.5281 with stability and high liquidity.
Regular Plan IDCW@ Monthly 1000.5201 • Investments in money market and debt
instruments, with maturity up to 91 days.
^^Mr. Sreejith Balasubramanian will be managing overseas advisers if in doubt about whether the
product is suitable for them. Investors understand that their principal NIFTY Liquid Index A-I
investment portion of the scheme. will be at Low to Moderate risk
Performance Table
Bandhan Liquid Fund* 6.74% 6.74% 6.81% 6.92% 4.87% 5.07% 6.44% 6.93% 10,013 10,028 10,056 10,692 11,534 12,806 18,670 28,246
NIFTY Liquid Index A-I# 6.80% 6.91% 7.03% 7.11% 5.01% 5.18% 6.48% 7.09% 10,013 10,028 10,058 10,711 11,580 12,876 18,742 28,912
CRISIL 1 Year T-Bill## 6.51% 6.44% 7.32% 6.97% 4.72% 5.63% 6.46% 6.19% 10,012 10,026 10,060 10,697 11,484 13,150 18,715 25,372
#
Benchmark Returns. ##Additional Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Jun 04, 2008. @Income Distribution and Capital Withdrawal.
@@
§
With effect from 13th March 2023, the name of “IDFC Cash Fund” has changed to “Bandhan Liquid Fund”.
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July 27, 2023 on framework for Corporate
Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies
(AMCs) in units of Corporate Debt Market Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest
percentage of net assets in the units of the CDMDF.
48
Bandhan Ultra Short Term Fund§ Click here to Know more
AA
A ial
An open-ended ultra-short term debt scheme investing in instruments such that the Macaulay ent
INDmfs H Pot Class
duration of the portfolio is between 3 to 6 months with Relatively Low interest rate risk and ITC Risk
Relatively Low Credit Risk
by
F
A-I
30th November 2023
Core Bucket
About the Fund: The Fund aims to invest in high quality debt Name Rating % of NAV
and money market instruments with Macaulay Duration of 3 Corporate Bond 40.72%
to 6 months and seeks to generate stable returns with a low
NABARD AAA 9.05%
risk strategy.
Bajaj Finance AAA 6.98%
Category: Ultra Short Duration REC AAA 5.61%
Monthly Avg AUM: ` 3,362.45 Crores National Housing Bank AAA 3.96%
Month end AUM: ` 3,283.11 Crores Sundaram Finance AAA 3.01%
Inception Date: 18th July 2018 Power Finance Corporation AAA 2.41%
Tata Capital Housing Finance AAA 1.82%
Fund Manager^^: Mr. Harshal Joshi (w.e.f. 18th July 2018).
Reliance Industries AAA 1.53%
Other Parameter: Export Import Bank of India AAA 1.52%
Standard Deviation (Annualized) 0.24% HDFC Bank AAA 1.49%
Modified Duration 161 Days Indian Railway Finance Corporation AAA 1.07%
Average Maturity 171 Days Kotak Mahindra Prime AAA 0.76%
Larsen & Toubro AAA 0.76%
Bajaj Housing Finance AAA 0.75%
Yield to Maturity 7.56% Certificate of Deposit 34.74%
Total Expense Ratio Small Industries Dev Bank of India A1+ 9.59%
Regular 0.44% Axis Bank A1+ 9.55%
Direct 0.25% Bank of Baroda A1+ 6.00%
Canara Bank A1+ 5.24%
Benchmark: NIFTY Ultra Short Duration Debt Index A-I
(w.e.f. 1st April 2022)
HDFC Bank A1+ 2.93%
ICICI Bank A1+ 1.42%
SIP (Minimum Amount): ` 100/- Commercial Paper 9.68%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) HDFC Bank A1+ 5.24%
REC A1+ 2.24%
SIP Dates (Monthly/Quarterly) : Investor may choose any
@@
ICICI Securities A1+ 1.49%
day of the month except 29th, 30th and 31st as the date of Kotak Mahindra Prime A1+ 0.71%
installment.
State Government Bond 6.51%
Investment Objective: Refer Pg No from 82 to 83 5.77% Gujarat SDL - 2025 SOV 2.47%
Minimum Investment Amount: `100/- and any amount 8.08% Haryana SDL - 2025 SOV 2.45%
thereafter 8.07% Gujrat SDL - 2025 SOV 0.80%
Option Available: Growth & IDCW@ Option - Daily 8.96% Maharashtra SDL - 2024 SOV 0.79%
(Reinvestment), Weekly (Reinvestment), Monthly , Quarterly Treasury Bill 0.63%
& Periodic (each with Reinvestment, Payout and Sweep 182 Days Tbill - 2024 SOV 0.63%
facility). Corporate Debt Market Development Fund£ 0.30%
Exit Load: Nil Corporate Debt Market Development Fund 0.30%
NAV (`) as on November 30, 2023 Grand Total 100.00%
Regular Plan IDCW@ Weekly 10.0824 Asset Allocation Asset Quality
Regular Plan IDCW@ Periodic 11.4217
Regular Plan IDCW@ Monthly 10.0423
Regular Plan IDCW@ Quarterly 10.3382
^^Mr. Sreejith Balasubramanian will be managing overseas §§
§§
Corporate Debt Market Development Fund
Scheme risk-o-meter
Credit Risk of the scheme
Moderate (Class II)
Relatively High (Class III)
Investors understand that their principal will be at
Low to Moderate risk
This product is suitable for investors who are Performance Table

seeking*: Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
• To generate returns over short-term investment
Since Since
horizon with a low risk strategy. 1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
Inception Inception
• To invest in debt and money market instruments.
*Investors should consult their financial advisers if in Bandhan Ultra Short Term Fund 7.03% 4.78% 5.71% 5.86% 10,703 11,507 13,200 13,578
doubt about whether the product is suitable for them. NIFTY Ultra Short Duration Debt 7.41% 5.16% 5.84% 5.98% 10,741 11,634 13,287 13,665
Index A-I#
CRISIL 1 Year T-Bill## 6.97% 4.72% 5.63% 5.79% 10,697 11,487 13,150 13,533
Benchmark risk-o-meter Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future.
#
Benchmark Returns. ##Additional Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data.
*
Inception Date of Regular Plan - Growth July 18, 2018. @Income Distribution and Capital Withdrawal.
@@
§
With effect from 13th March 2023, the name of “IDFC Ultra Short Term Fund” has changed to “Bandhan Ultra Short Term Fund”.
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/
NIFTY Ultra Short Duration Debt Index A-I CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/
PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units
of Corporate Debt Market Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and
Bandhan AMC Limited (‘AMC’) shall invest percentage of net assets in the units of the CDMDF.
49
Bandhan Low Duration Fund§
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio
Am
fs ent
Pot Class
ial
is between 6 months and 12 months with Relatively Low interest rate risk and Relatively Low Credit Risk A A CARE i s k
y R
30th November 2023
b A-I
Core Bucket
About the Fund: The Fund aims to invest in high quality Name Rating % of NAV Name Rating % of NAV
debt and money market instruments with Macaulay
Duration of 6 to 12 months and seeks to generate Corporate Bond 43.48% 8.08% Uttar Pradesh SDL - 2025 SOV 0.92%
relatively stable returns with a low risk strategy. NABARD AAA 11.40% 8.07% Gujrat SDL - 2025 SOV 0.92%
Category: Low Duration Bajaj Finance AAA 7.95% 8.05% Karnataka SDL - 2025 SOV 0.65%
REC AAA 6.88% 8.08% Haryana SDL - 2025 SOV 0.65%
Power Finance Corporation AAA 5.09% 8.05% Haryana SDL - 2025 SOV 0.65%
HDFC Bank AAA 5.04% 8.15% Haryana SDL - 2025 SOV 0.46%
Inception Date: 17 January 2006 Kotak Mahindra Prime AAA 2.10% 8.05% Gujarat SDL - 2025 SOV 0.46%
Fund Manager^^: Mr. Harshal Joshi (w.e.f. 28th July Larsen & Toubro AAA 1.83% 8.27% Haryana SDL - 2025 SOV 0.28%
2021). Export Import Bank of India AAA 1.37% 8.24% Maharashtra SDL - 2024 SOV 0.19%
Other Parameter: Small Industries Dev Bank of India AAA 0.91% 8.05% Maharashtra SDL - 2025 SOV 0.18%
Standard Deviation (Annualized) 0.40% Sundaram Finance AAA 0.91% 7.41% Uttar Pradesh SDL - 2026 SOV 0.03%
Certificate of Deposit 22.80% Commercial Paper 4.93%
Modified Duration 322 Days
Axis Bank A1+ 11.46% REC A1+ 2.25%
Average Maturity 355 Days
Kotak Mahindra Bank A1+ 4.30% HDFC Bank A1+ 1.35%
Macaulay Duration 337 Days HDFC Bank A1+ 3.97% Small Industries Dev Bank of India A1+ 0.91%
Yield to Maturity 7.66% Small Industries Dev Bank of India A1+ 1.78% Kotak Mahindra Prime A1+ 0.43%
Total Expense Ratio ICICI Bank A1+ 1.30% Government Bond 4.61%
State Government Bond 21.02% 7.38% - 2027 G-Sec SOV 4.61%
Regular 0.58%
8.1% Uttar Pradesh SDL - 2025 SOV 4.44% Corporate Debt Market Development Fund£ 0.28%
Direct 0.32% 8.09% Andhra Pradesh SDL - 2025 SOV 3.88% Corporate Debt Market Development Fund 0.28%
Benchmark: NIFTY Low Duration Debt Index A-I 5.8% Maharashtra SDL - 2025 SOV 3.61% Treasury Bill 0.02%
(w.e.f. 1st April 2022) 8.29% Rajasthan SDL - 2025 SOV 1.39% 182 Days Tbill - 2024 SOV 0.02%
SIP (Minimum Amount): ` 100/- 8.08% Madhya Pradesh SDL - 2025 SOV 1.39% Net Cash and Cash Equivalent 2.86%
8.25% Gujarat SDL - 2024 SOV 0.93% Grand Total 100.00%

Minimum Investment Amount: ` 100/- and any amount
thereafter
§§
Option Available: Growth & IDCW@ Option- Daily

(Reinvest), Weekly (Reinvest), Monthly, Quarterly &
Periodic frequency (each with payout, reinvestment
and sweep facility).
Exit Load: Nil (Since 29th June 2012)

Regular Plan IDCW@ Weekly 10.1204
Regular Plan IDCW@ Monthly 10.1040 Corporate Debt Market Development Fund
§§
Regular Plan IDCW @

Quarterly 10.9999
^^Mr. Sreejith Balasubramanian will be managing overseas

Scheme risk-o-meter Interest Rate Risk of the scheme
Moderate (Class II)
Investors understand that their principal will be at Low Performance Table

to Moderate risk
This product is suitable for investors who are Since Since
seeking*: 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
Inception Inception
• To generate short term optimal returns with relative
Bandhan Low 6.87% 4.68% 5.96% 7.09% 7.15% 10,687 11,475 13,360 19,843 34,360
stability and high liquidity.
Duration Fund*^
• Investments in debt and money market instruments
such that the Macaulay duration of the portfolio is NIFTY Low Duration 7.36% 4.82% 5.94% 6.99% 7.61% 10,736 11,521 13,349 19,663 37,128
between 6 months- 12 months. Debt Index A-I#
*Investors should consult their financial advisers if in CRISIL 1 Year T-Bill## 6.97% 4.72% 5.63% 6.46% 6.10% 10,697 11,487 13,150 18,715 28,818
doubt about whether the product is suitable for them. Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
Benchmark risk-o-meter commission expenses etc.
#
*
Inception Date of Regular Plan - Growth Jan 17, 2006.
^The fund has been repositioned from an ultra short term fund to a low duration fund w.e.f. May 28, 2018.
@
Income Distribution and Capital Withdrawal.
@@
§
With effect from 13th March 2023, the name of “IDFC Low Duration Fund” has changed to “Bandhan Low Duration Fund”.
£
NIFTY Low Duration Debt Index A-I
CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/
50
Bandhan Money Manager Fund§ Click here to Know more
fs ent
ial
An open ended debt scheme investing in money market instruments with Am Pot Class
A A CARE R i s k
y
Relatively Low interest rate risk and Relatively Low Credit Risk b A-I
30th November 2023 Core Bucket
About the Fund: The Fund aims to invest only Name Rating % of NAV Name Rating % of NAV
in short maturity, highly rated debt and money
market instruments and seeks to generate returns Certificate of Deposit 59.86% Bajaj Housing Finance A1+ 2.78%
predominantly through accrual income. Axis Bank A1+ 11.66% Small Industries Dev Bank of India A1+ 2.11%
Category: Money Market NABARD A1+ 7.71% Kotak Mahindra Investments A1+ 2.06%

Small Industries Dev Bank of India A1+ 7.21% Export Import Bank of India A1+ 1.40%
Canara Bank A1+ 6.30% Reliace Retail Ventures A1+ 0.70%
State Bank of India A1+ 5.53% M&M Financial Services A1+ 0.70%
Inception Date: 18 February 2003
ICICI Bank A1+ 5.53% Bajaj Finance A1+ 0.70%
Fund Manager^^: Mr. Brijesh Shah (w.e.f. 12th July Union Bank of India A1+ 5.35% Treasury Bill 10.25%
2021) Mr. Gautam Kaul (w.e.f. 1st December 2021).
Kotak Mahindra Bank A1+ 5.01% 182 Days Tbill - 2024 SOV 8.85%
Other Parameter: HDFC Bank A1+ 2.79% 364 Days Tbill - 2024 SOV 1.41%
Standard Deviation (Annualized) 0.27% Export Import Bank of India A1+ 2.78% Corporate Debt Market Development Fund£ 0.19%
Modified Duration 109 Days Commercial Paper 26.49% Corporate Debt Market Development Fund 0.19%
HDFC Bank A1+ 6.29% Net Cash and Cash Equivalent 1.67%
Average Maturity 109 Days
ICICI Securities A1+ 4.88% Grand Total 100.00%
L&T Finance A1+ 4.88%
Total Expense Ratio
Regular 0.98% Asset Allocation Asset Quality

Direct 0.23%
Benchmark: NIFTY Money Market Index A-I

(w.e.f. 1st April 2022) §§

Minimum Investment Amount: ` 100/- and any

amount thereafter
Option Available: Growth & IDCW@ Option - Daily

(Reinvest), Weekly (Reinvest), Monthly (Payout, §§
Reinvestment and Sweep), Periodic (Payout,
Reinvestment and Sweep).
Exit Load: Nil Potential Risk Class Matrix

NAV (`) as on November 30, 2023 Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Plan Option Freq NAV Relatively Low (Class I) A-I
Regular Plan Growth - 35.9833 Moderate (Class II)
Regular Plan IDCW@ Monthly 10.2521 Relatively High (Class III)
Regular Plan IDCW@ Periodic 11.8008 This product is suitable for investors
who are seeking*
• To generate short term optimal returns
with relative stability and high liquidity.
• Investments predominantly in money
market instruments.
Investors understand that their principal NIFTY Money Market Index A-I
product is suitable for them. will be at Low to Moderate risk
Performance Table
Bandhan Money Manager
6.19% 5.91% 6.18% 6.67% 4.41% 5.09% 6.27% 6.35% 10,012 10,024 10,051 10,667 11,387 12,817 18,386 35,983
Fund*^
NIFTY Money Market
6.27% 6.59% 6.94% 7.26% 4.96% 5.44% 6.69% 7.10% 10,012 10,027 10,057 10,726 11,566 13,034 19,112 41,605
Index A-I#
CRISIL 1 year T-Bill## 6.51% 6.44% 7.32% 6.97% 4.72% 5.63% 6.46% 5.90% 10,012 10,026 10,060 10,697 11,487 13,150 18,715 32,916
Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
#
Benchmark Returns. ##Additional Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data. *Inception Date of Regular Plan - Growth Feb 18, 2003.
^The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.
@
§
With effect from 13th March 2023, the name of “IDFC Money Manager Fund” has changed to “Bandhan Money Manager Fund”.
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July 27, 2023 on framework for Corporate Debt Market
Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt
Market Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest percentage of net assets in the units of the CDMDF.
51
Bandhan Banking & PSU Debt Fund**§ Click here to Know more
An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector ent
ial
fs Pot Class
Undertakings, Public Financial Institutions and Municipal Bonds with Relatively High interest rate risk Am Risk
A A CARE I
and Relatively Low Credit Risk by A-II
About the Fund: The Fund will predominantly invest Name Rating % of NAV Name Rating % of NAV
in high quality money market and debt instruments of Corporate Bond 71.01% Export Import Bank of India A1+ 0.62%
Banks, PSU and PFI. NABARD AAA 10.29% Kotak Mahindra Bank A1+ 0.16%
HDFC Bank AAA 9.95% State Government Bond 4.13%
Category: Banking and PSU Indian Railway Finance Corporation AAA 9.78% 6.18% Gujarat SDL - 2026 SOV 1.21%
Small Industries Dev Bank of India AAA 8.70% 8.51% Maharashtra SDL - 2026 SOV 0.91%
Monthly Avg AUM: ` 15,597.49 Crores REC AAA 6.82% 8.20% GUJARAT SDL - 2025 SOV 0.32%
Power Finance Corporation AAA 6.79% 7.47% Gujarat SDL - 2025 SOV 0.32%
Month end AUM: ` 15,674.54 Crores Bajaj Housing Finance AAA 5.91% 8.36% Maharashtra SDL - 2026 SOV 0.19%
Hindustan Petroleum Corporation AAA 4.56% 7.96% Gujarat SDL - 2025 SOV 0.19%
NTPC AAA 2.99% 8.53% Tamil Nadu SDL - 2026 SOV 0.16%
Fund Manager^^: Mr. Gautam Kaul (w.e.f. 1st December Indian Oil Corporation AAA 2.31% 8.3% Madhya Pradesh SDL - 2026 SOV 0.16%
Nuclear Power Corporation of India AAA 1.66% 8.26% Maharashtra SDL - 2025 SOV 0.16%
2021) Mr. Suyash Choudhary (w.e.f. 28th July 2021).
National Housing Bank AAA 0.54% 8.27% Haryana SDL - 2025 SOV 0.13%
Other Parameter: ICICI Bank AAA 0.29% 8.27% Tamilnadu SDL - 2026 SOV 0.13%
Export Import Bank of India AAA 0.16% 8.27% Gujarat SDL - 2026 SOV 0.10%
Standard Deviation (Annualized) 0.89% Power Grid Corporation of India AAA 0.13% 7.93% Chattisgarh SDL - 2024 SOV 0.06%
Modified Duration 2.04 Years NHPC AAA 0.13% 7.99% Karnatak SDL - 2025 SOV 0.03%
Axis Bank AAA 0.01% 8.03% Gujarat SDL - 2025 SOV 0.03%
Average Maturity 2.40 Years Government Bond 14.82% 7.18% Tamilnadu SDL - 2027 SOV 0.01%
Macaulay Duration 2.18 Years 7.38% - 2027 G-Sec SOV 9.00% Commercial Paper 0.31%
7.27% - 2026 G-Sec SOV 3.80% Export Import Bank of India A1+ 0.31%
5.63% - 2026 G-Sec SOV 2.03% Corporate Debt Market Development Fund£ 0.23%
Total Expense Ratio Certificate of Deposit 5.33% Corporate Debt Market Development Fund 0.23%
Axis Bank A1+ 2.51% Net Cash and Cash Equivalent 4.16%
Regular 0.63% State Bank of India A1+ 2.03% Grand Total 100.00%
Direct 0.33% Maturity Bucket Asset Quality

Benchmark: NIFTY Banking & PSU Debt Index
(w.e.f. 11th November 2019)
Above 3 years 16.65
1-3 years 71.81
date of installment. Upto 1 year 11.54
0 20 40 60 80
Minimum Investment Amount: ` 1,000/- and any
amount thereafter % NAV
Option Available: Growth, IDCW@-Daily, Fortnightly, Asset Allocation

Monthly (Reinvestment), Quarterly (Payout), Annual
(Payout) & Periodic (Payout & Reinvestment).
Exit Load: Nil (w.e.f. June 12th 2017)

§§

Regular Plan IDCW@ - 11.7568
Regular Plan IDCW@ Annual 11.4527 Corporate Debt Market Development Fund
§§

investment portion of the scheme. Potential Risk Class Matrix
Relatively Low (Class I)
Scheme risk-o-meter
Moderate (Class II)
A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
Performance Table
Since Since
Investors understand that their principal Inception Inception
will be at Moderate risk
Bandhan Banking & 6.53% 4.38% 7.23% 7.43% 7.51% 10,653 11,378 14,182 20,488 21,772
This product is suitable for investors who are PSU Debt Fund*
seeking*: NIFTY Banking & PSU 6.55% 4.51% 6.83% 7.48% 7.42% 10,655 11,418 13,915 20,587 21,575
• To generate optimal returns over short to medium Debt Index#
term.
CRISIL 10 Year Gilt 6.77% 2.94% 5.96% 6.92% 6.10% 10,677 10,910 13,360 19,529 18,894
• Investments predominantly in debt & money market
Index##
instruments issued by PSU, Banks & PFI.
*Investors should consult their financial advisers if in Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future. The performances given are of regular
plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
#
Benchmark risk-o-meter The Fund (erstwhile Bandhan Banking Debt Fund) has been repositioned with effect from June 12, 2017.
*Inception Date of Regular Plan - Growth Mar 07, 2013. @Income Distribution and Capital Withdrawal
**The scheme is currently following a ‘roll down’ investment approach on a tactical basis. The portfolio has been repositioned as an approximately
3-year roll down investment approach in Jan-March (JFM) quarter of CY23. This means that post repositioning, ordinarily the average maturity of
the scheme’s portfolio is unlikely to increase significantly and may be expected to generally reduce with the passage of time, subject to intermittent
periods of volatility in the maturity profile owing to AUM (Asset Under Management) movement and market conditions. The approach being followed
is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
@@
§
With effect from 13th March 2023, the name of “IDFC Banking & PSU Debt Fund” has changed to “Bandhan Banking & PSU Debt Fund”.
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated July
NIFTY Banking & PSU Debt Index 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023
on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market Development Fund (“CDMDF”),
specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest percentage of net assets in
the units of the CDMDF.
52
Bandhan Corporate Bond Fund** § Click here to Know more
fs ent
ial
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds with Am Pot Class
Relatively High interest rate risk and Relatively Low Credit Risk A A CARE i s k
y R I
30th November 2023
b A-II
Core Bucket
About the Fund: The fund focuses on delivering returns Name Rating % of NAV Name Rating % of NAV
through investment in the corporate bond segment. Corporate Bond 74.11% Certificate of Deposit 4.28%
Category: Corporate Bond National Housing Bank AAA 11.36% State Bank of India A1+ 2.08%
NABARD AAA 10.25% Small Industries Dev Bank of India A1+ 1.33%
Monthly Avg AUM: ` 14,124.47 Crores REC AAA 8.85% Axis Bank A1+ 0.52%
Month end AUM: ` 14,107.55 Crores HDFC Bank AAA 8.77% Export Import Bank of India A1+ 0.35%
Bajaj Housing Finance AAA 6.76% State Government Bond 2.64%
Inception Date: 12 January 2016 Export Import Bank of India AAA 5.14% 9.11% Maharashtra SDL - 2024 SOV 0.43%
Fund Manager^^: Mr. Gautam Kaul (w.e.f. 1st December Indian Railway Finance Corporation AAA 3.67% 8.83% Maharashtra SDL - 2024 SOV 0.36%
2021) Mr. Suyash Choudhary (w.e.f. 28th July 2021). UltraTech Cement AAA 2.62% 5.6% Haryana SDL - 2024 SOV 0.30%
Small Industries Dev Bank of India AAA 2.28% 9.47% Haryana SDL - 2024 SOV 0.25%
Other Parameter: NTPC AAA 2.22% 9.55% Karnataka SDL - 2024 SOV 0.25%
Larsen & Toubro AAA 1.94% 9.63% Andhra Pradesh SDL - 2024 SOV 0.21%
Standard Deviation (Annualized) 0.36% Power Finance Corporation AAA 1.70% 8.83% Tamilnadu SDL - 2024 SOV 0.14%
Modified Duration 0.29 years Grasim Industries AAA 1.59% 9.48% Andhra Pradesh SDL - 2024) SOV 0.14%
Average Maturity 0.31 years Bajaj Finance AAA 1.52% 9.37% Gujarat SDL - 2024 SOV 0.14%
Macaulay Duration 0.31 years Hindustan Petroleum Corporation AAA 1.49% 9.45% Rahasthan SDL - 2024 SOV 0.11%
Yield to Maturity 7.48% Oil & Natural Gas Corporation AAA 1.48% 8.96% Maharashtra SDL - 2024 SOV 0.07%
Total Expense Ratio Tata Capital Financial Services AAA 1.20% 9.47% Tamilnadu SDL - 2024 SOV 0.07%
Power Grid Corporation of India AAA 0.64% 9.71% Haryana SDL - 2024 SOV 0.07%
Regular 0.62% ICICI Bank AAA 0.36% 9.24% Haryana SDL - 2024 SOV 0.07%
Direct 0.32% Kotak Mahindra Prime AAA 0.18% 5.75% Tamilnadu SDL - 2025 SOV 0.02%
Benchmark: Tier 1: NIFTY Corporate Bond Index B-III (w.e.f. Reliance Industries AAA 0.11% Zero Coupon Bond 0.28%
1st April 2022) Tier 2: NIFTY AAA Short Duration Bond Index Commercial Paper 7.13% Kotak Mahindra Prime AAA 0.28%
HDFC Bank A1+ 2.60% Corporate Debt Market Development Fund£ 0.27%
SIP (Minimum Amount): ` 100/- Bajaj Finance A1+ 2.09% Corporate Debt Market Development Fund 0.27%
Kotak Mahindra Prime A1+ 1.75% Government Bond 0.04%
Small Industries Dev Bank of India A1+ 0.69% 7.68% - 2023 G-Sec SOV 0.04%
SIP Dates (Monthly/Quarterly)@@: Investor may choose any Treasury Bill 7.12% Net Cash and Cash Equivalent 4.13%
day of the month except 29th, 30th and 31st as the date of 364 Days Tbill - 2024 SOV 6.43% Grand Total 100.00%
installment. 364 Days Tbill- 2024 SOV 0.69%
Investment Objective: Refer Pg No from 82 to 83 Maturity Bucket Asset Quality
thereafter
Option Available: Growth & IDCW@ Option - Payout,
Above 3 years 0.00
Reinvestment & Sweep and Monthly, Quarterly, Half Yearly,
Annual & Periodic.
Exit Load: Nil 1-3 years 0.33
Upto 1 year 99.67
Regular Plan IDCW @
- N.A
Regular Plan IDCW@ Periodic 11.4535 0 20 40 60 80 100
Regular Plan IDCW@ Monthly 10.5913 % NAV
Regular Plan IDCW@ Half Yearly 10.8855
Regular Plan IDCW@ Annual 10.6207
Asset Allocation

investment portion of the scheme. §§
Scheme risk-o-meter

§§

Investors understand that their principal will
be at Low to Moderate risk Relatively Low (Class I)
Moderate (Class II)
• To generate medium to long term optimal returns. Relatively High (Class III) A-III
• Investments predominantly in high quality corporate bonds. A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them. Performance Table
Benchmark risk-o-meter Since Since
1 Year 3 Years 5 Years 1 Year 3 Years 5 Years Inception
Inception
Bandhan Corporate Bond Fund* 6.75% 4.26% 6.64% 6.95% 10,675 11,336 13,794 16,990
Tier 1: NIFTY Corporate Bond Index B-III# 7.21% 5.56% 7.59% 7.54% 10,721 11,769 14,422 17,747
Tier 2: NIFTY AAA Short Duration Bond Index# 6.58% 4.38% 7.09% 7.13% 10,658 11,375 14,086 17,214
CRISIL 10 Year Gilt Index## 6.77% 2.94% 5.96% 6.05% 10,677 10,910 13,360 15,899
Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future. The performances given are of regular
plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
Tier 1: NIFTY Corporate Bond Index B-III
#
Benchmark risk-o-meter Standard Deviation calculated on the basis of 1 year history of monthly data.
*Inception Date of Regular Plan - Growth Jan 12, 2016. @Income Distribution and Capital Withdrawal.
**The scheme is currently following a ‘roll down’ investment approach on a tactical basis and thereby intends to be repositioned in March 2024.Till
then, ordinarily the average maturity of the scheme’s portfolio is unlikely to increase significantly and may be expected to generally reduce with the
passage of time, subject to intermittent periods of volatility in the maturity profile owing to AUM movement and market conditions. The approach
being followed is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
@@
§With effect from 13th March 2023, the name of “IDFC Corporate Bond Fund” has changed to “Bandhan Corporate Bond Fund”.
£
27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July 27, 2023
Tier 2: NIFTY AAA Short Duration Bond Index on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market Development Fund (“CDMDF”),
53
Bandhan Bond Fund – Short Term Plan
An open ended short term debt scheme investing in instruments such that the Macaulay duration
§ Click here to Know more
ent
Pot Class
ial
R i s k
of the portfolio is between 1 year and 3 years with Moderate interest rate risk and Relatively Low Credit Risk A-I I
30th November 2023
Core Bucket
About the Fund: A Short Term Income Fund, the portfolio
is mostly a mix of short duration debt and money market Government Bond 68.96% Kotak Mahindra Prime AAA 0.05%
instruments. Average maturity is ordinarily anchored in an 7.38% - 2027 G-Sec SOV 55.75% Commercial Paper 9.39%
approximate band around 2 years currently.
7.1% - 2029 G-Sec SOV 7.45% HDFC Bank A1+ 6.69%
Category: Short Duration
7.06% - 2028 G-Sec SOV 4.28% Bajaj Finance A1+ 1.58%
7.17% - 2030 G-Sec SOV 1.45% Small Industries Dev Bank of India A1+ 0.58%
8.24% - 2027 G-Sec SOV 0.01% Kotak Mahindra Prime A1+ 0.54%
Inception Date: 14 December 2000
5.63% - 2026 G-Sec SOV 0.01% Certificate of Deposit 4.48%
Fund Manager^^: Mr. Suyash Choudhary (Since 11th March
6.79% - 2027 G-Sec SOV 0.01% Small Industries Dev Bank of India A1+ 2.67%
2011).
Corporate Bond 13.92% Axis Bank A1+ 1.82%
Other Parameter:
Bajaj Finance AAA 6.06% PTC 0.32%
Modified Duration 2.53 years NABARD AAA 2.71% First Business Receivables Trust^ AAA(SO) 0.32%
Average Maturity 3.02 years Power Finance Corporation AAA 2.13% Corporate Debt Market Development Fund£ 0.26%
Sundaram Finance AAA 1.62% Corporate Debt Market Development Fund 0.26%
Total Expense Ratio
REC AAA 1.08% Net Cash and Cash Equivalent 2.67%
Regular 0.78%
HDFC Bank AAA 0.27% Grand Total 100.00%
Direct 0.31% ^
First Business Receivables Trust- wt. avg. mat: 0.59 years (PTC originated by Reliance Industries Limited)
Benchmark: Tier 1: NIFTY Short Duration Debt Index A-II
(w.e.f. 1st April 2022) Tier 2: NIFTY AAA Short Duration Bond
Index
SIP (Minimum Amount): ` 100/- Maturity Bucket Asset Quality

day of the month except 29th, 30th and 31st as the date of Above 3 years 68.95
installment.
1-3 years 11.59
thereafter
Option Available: Growth, IDCW@ - Fortnightly (Payout,
Reinvestment & Sweep), Monthly, Quarterly, Annual & Upto 1 year 19.46
Periodic
Exit Load: Nil (w.e.f. 23rd May 2016) 0 20 40 60 80
NAV (`) as on November 30, 2023 % NAV

Regular Plan Growth - 50.1747 Asset Allocation
§§

Scheme risk-o-meter

§§

Investors understand that their principal Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
will be at Moderate risk Interest Rate Risk of the scheme
• To generate optimal returns over short to medium term. Moderate (Class II) A-II
• Investments in Debt & Money Market securities such that Relatively High (Class III)
the Macaulay duration of the portfolio is between 1 year
A Scheme with Moderate Interest Rate Risk and Relatively Low Credit Risk.
and 3 years.
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them. Performance Table
Benchmark risk-o-meter Since Since
Inception Inception
Bandhan Bond Fund – Short
6.35% 4.08% 6.44% 7.13% 7.27% 10,635 11,279 13,666 19,931 50,175
Term Plan*
Tier 1: NIFTY Short Duration
6.81% 4.53% 6.57% 7.34% NA 10,681 11,425 13,749 20,317 NA
Debt Index A-II#
Tier 2: NIFTY AAA Short
6.58% 4.38% 7.09% 7.65% NA 10,658 11,375 14,086 20,916 NA
Tier 1: NIFTY Short Duration Debt Index A-II Duration Bond Index#
CRISIL 10 Year Gilt Index## 6.77% 2.94% 5.96% 6.92% NA 10,677 10,910 13,360 19,529 NA
Benchmark risk-o-meter Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission
expenses etc.
#
*Inception Date of Regular Plan - Growth Dec 14, 2000. @Income Distribution and Capital Withdrawal
@@
§
With effect from 13th March 2023, the name of “IDFC Bond Fund – Short Term Plan” has changed to “Bandhan Bond Fund – Short Term Plan”.
Tier 2: NIFTY AAA Short Duration Bond Index
£
54
Bandhan Bond Fund – Medium Term Plan§
An open ended medium term debt scheme investing in instruments such that the
ial
ent
Macaulay duration of the portfolio is between 3 years and 4 years with Pot Class
i s k
R I
Relatively High interest rate risk and Relatively Low Credit Risk
A-II
About the Fund: The fund is positioned in the medium term
fund category and invests in a mix of high quality debt and Government Bond 92.06% 8.2% Gujarat SDL - 2025 SOV 0.91%
money market instruments, including G Secs.
7.1% - 2029 G-Sec SOV 62.51% 8.37% Tamil Nadu SDL - 2028 SOV 0.12%
Category: Medium Duration
7.38% - 2027 G-Sec SOV 22.22% PTC 0.92%
7.06% - 2028 G-Sec SOV 7.31% First Business Receivables Trust^ AAA(SO) 0.92%
Inception Date: 8 July 2003 6.79% - 2027 G-Sec SOV 0.01% Corporate Debt Market Development Fund£ 0.31%
Fund Manager^^: Mr. Suyash Choudhary (w.e.f. 15th 8.24% - 2027 G-Sec SOV 0.01% Corporate Debt Market Development Fund 0.31%
September 2015). Corporate Bond 3.01% Net Cash and Cash Equivalent 1.75%
Other Parameter:
REC AAA 3.01% Grand Total 100.00%
Modified Duration 3.83 years State Government Bond 1.95%
Macaulay Duration 3.97 years 8.25% Maharastra SDL - 2025 SOV 0.91%
^
Total Expense Ratio
Regular 1.48%
Direct 0.77%
Benchmark: Tier 1: NIFTY Medium Duration Debt Index A-III
(w.e.f. 1st April 2022) Tier 2: NIFTY AAA Medium Duration
Bond Index
SIP (Minimum Amount): ` 100/- Maturity Bucket Asset Quality

day of the month except 29th, 30th and 31st as the date of Above 3 years 92.18
installment.
Minimum Investment Amount: ` 1,000/- and any amount 1-3 years 5.06
thereafter
Option Available: Growth, IDCW@ - Daily
(Reinvestment only) and Fortnightly, Monthly, Upto 1 year 2.76
Bi-monthly, Quarterly and Periodic frequency (each with
payout, reinvestment and sweep facility).
0 20 40 60 80 100
Exit Load: NIL (w.e.f. 15th January 2019)
% NAV
Regular Plan Growth - 40.2546 Asset Allocation
Regular Plan IDCW@ BiMonthly 11.8975
Regular Plan IDCW@ Daily 10.2823 §§


Scheme risk-o-meter Corporate Debt Market Development Fund

§§

Moderate (Class II)
will be at Moderate risk Relatively High (Class III) A-III
• To generate optimal returns over medium term.
• Investments in Debt & Money Market securities such that Performance Table
the Macaulay duration of the portfolio is between 3 years
and 4 years. Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
*Investors should consult their financial advisers if in doubt Since Since
about whether the product is suitable for them. 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
Inception Inception
Benchmark risk-o-meter Bandhan Bond Fund –
Medium Term Plan* 5.56% 3.11% 5.92% 6.88% 7.06% 10,556 10,965 13,336 19,459 40,255
Tier 1: NIFTY Medium 6.14% 4.04% 7.39% 7.87% 7.31% 10,614 11,264 14,286 21,349 42,233
Duration Debt Index A-III#
Tier 2: NIFTY AAA Medium 6.12% 4.03% 7.53% 7.98% 7.53% 10,612 11,263 14,379 21,562 44,024
Duration Bond Index#
Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
Tier 1: NIFTY Medium Duration Debt Index A-III The performances given are of regular plan growth option.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission
Benchmark risk-o-meter expenses etc.
#
*
Inception Date of Regular Plan - Growth Jul 08, 2003. Gsec/SDL yields have been annualized wherever applicable.
@
@@
§
With effect from 13th March 2023, the name of “IDFC Bond Fund – Medium Term Plan” has changed to “Bandhan Bond Fund – Medium Term Plan”.
£
Tier 2: NIFTY AAA Medium Duration Bond Index
specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest percentage of net assets in the
units of the CDMDF.
55
Bandhan Floating Rate Fund§
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including fixed rate
fs
ent
ial
Pot Class
Am k
A A ICRA Ri s
instruments converted to floating rate exposures using swaps/derivatives) with Moderate Interest Rate Risk and
b y B-II
Moderate Credit Risk
30th November 2023 Satellite Bucket
Name Rating % of NAV
About the Fund: The Fund seeks to generate returns by
creating a portfolio that is primarily invested in floating Corporate Bond 35.67%
rate instruments, including fixed rate instruments swapped Bharti Telecom AA+ 9.71%
for floating returns and other debt and money market Bajaj Finance AAA 9.59%
instruments. Power Finance Corporation AAA 7.23%
Category: Floater Fund
Kotak Mahindra Prime AAA 4.81%
NABARD AAA 4.33%
Monthly Avg AUM: ` 205.56 Crores Certificate of Deposit 23.69%
State Bank of India A1+ 11.93%
Axis Bank A1+ 11.76%
Inception Date: 18 February 2021 Commercial Paper 21.63%
HDFC Bank A1+ 12.09%
Fund Manager^^: Mr. Suyash Choudhary (w.e.f. 28th July
Small Industries Dev Bank of India A1+ 9.54%
2021).
Government Bond 16.03%
Other Parameter: 7.38% - 2027 G-Sec SOV 7.33%
Standard Deviation (Annualized) 0.46% 7.06% - 2028 G-Sec SOV 7.25%
7.1% - 2029 G-Sec SOV 1.45%
Corporate Debt Market Development Fund£ 0.43%
Average Maturity 1.21 years Corporate Debt Market Development Fund 0.43%
Macaulay Duration 1.06 years Net Cash and Cash Equivalent 2.54%
Yield to Maturity 7.75% Grand Total 100.00%
Total Expense Ratio Portfolio has 58.46% exposure to Interest Rate Swaps.
Regular 0.83%
Direct 0.35% Maturity Bucket Asset Quality
Benchmark: Nifty Low Duration Debt Index
SIP (Minimum Amount): ` 100/- and in multiples of Re.1

thereafter (minimum 6 installments) Above 3 years 16.03
SIP Dates (Monthly/Quarterly)@@: Investor may choose 1-3 years 21.27

Investment Objective: Refer Pg No from 82 to 83 Upto 1 year 62.69
Minimum Investment Amount: Fresh Purchase

` 1,000/- and any amount thereafter 0 20 40 60 80
Option Available: Growth & IDCW Option – Daily, Weekly,

@ % NAV
Monthly, Quarterly, Annual and Periodic (each with
Reinvestment, Payout and Sweep facility)
Asset Allocation
Exit Load: NIL
§§


investment portion of the scheme. §§

Scheme risk-o-meter Relatively Low (Class I)
Moderate (Class II) B-II
A Scheme with Moderate Interest Rate Risk and Moderate Credit Risk.
Performance Table
Investors understand that their principal will be at Low
Since Since
to Moderate risk 1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
Inception Inception
This product is suitable for investors who are Bandhan Floating Rate Fund* 6.58% NA NA 4.65% 10,658 NA NA 11,347
seeking*: NIFTY Low Duration 7.55% NA NA 5.42% 10,755 NA NA 11,581
• To generate short-term optimal returns. Debt Index#
• To invest predominantly in floating rate instruments. 1 Year T-Bill## 6.97% NA NA 4.87% 10,697 NA NA 11,414
doubt about whether the product is suitable for them. Performance based on NAV as on 30/11/2023. Past performance may or may not be sustained in future.
Benchmark risk-o-meter This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest
rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than
that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may
ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme
as well and exercise adequate due diligence when deciding to make their investments.
*Inception Date of Regular Plan - Growth February 18, 2021. @Income Distribution and Capital Withdrawal
@@
§
With effect from 13th March 2023, the name of “IDFC Floating Rate Fund” has changed to “Bandhan Floating Rate Fund”.
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128 dated
July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129 dated July
Nifty Low Duration Debt Index
27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market Development Fund
(“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’) shall invest percentage of net
assets in the units of the CDMDF.
56
Bandhan Credit Risk Fund§
An open ended debt scheme predominantly investing in AA and below rated corporate bonds
ent
Pot Class
ial
k
with Relatively High interest rate risk and Moderate Credit Risk R i s
I
30th November 2023 B-II
Satellite Bucket

About the Fund: Bandhan Credit Risk Fund aims to provide
an optimal risk-reward profile to investors by focusing Corporate Bond 58.84% Government Bond 26.21%
on companies with well-run management and evolving Century Textiles & Industries AA 10.08% 7.38% - 2027 G-Sec SOV 16.10%
business prospects or good businesses with improving
financial profile. Godrej Industries AA 10.01% 7.18% - 2033 G-Sec SOV 7.59%
Category: Credit Risk Tata Projects AA 7.64% 7.1% - 2029 G-Sec SOV 2.53%
Monthly Avg AUM: ` 394.04 Crores Tata Power Company AA 7.39% PTC 7.28%
Month end AUM: ` 392.64 Crores AU Small Finance Bank AA 5.21% First Business Receivables Trust^ AAA(SO) 7.28%
Inception Date: 03 March 2017 Aadhar Housing Finance AA 5.06% Corporate Debt Market Development Fund£ 0.36%
Fund Manager^^: Mr. Gautam Kaul (w.e.f. 16th July 2022) & Punjab National Bank@ AA+ 4.34% Corporate Debt Market Development Fund 0.36%
Mr. Debraj Lahiri (w.e.f. 17th April 2023). Union Bank of India@ AA 4.03% Net Cash and Cash Equivalent 7.30%
Other Parameter: Godrej Housing Finance AA 3.81% Grand Total 100.00%
Standard Deviation (Annualized) 0.69% TVS Credit Services AA 1.27%
Average Maturity 11.03 years ^
Macaulay Duration 3.13 years @
AT1 bonds under Basel III
Total Expense Ratio
Regular 1.63%
Direct 0.66%
Benchmark: Tier 1: NIFTY Credit Risk Bond Index C-III Maturity Bucket Asset Quality
(w.e.f. 1st April 2022) Tier 2: 65% NIFTY AA Short Duration
Bond Index + 35% NIFTY AAA Short Duration Bond Index
Above 3 years 34.59

any day of the month except 29th, 30th and 31st as the 1-3 years 40.91
Minimum Investment Amount: ` 1,000/- and any amount Upto 1 year 24.51
thereafter
Option Available: Growth, IDCW@ - Quarterly, Half yearly,
0 10 20 30 40 50
Annual and Periodic (Payout, Reinvestment & Sweep facility)
Exit Load: 1% if redeemed/switched
% NAV
out within 365 days from the date of allotment
Asset Allocation
Regular Plan Growth - 14.6182 §§

Regular Plan IDCW@ Half 10.0879
Yearly

§§
Scheme risk-o-meter
Moderate (Class II)
Relatively High (Class III) B-III
Investors understand that their principal A Scheme with Relatively High Interest Rate Risk and Moderate Credit Risk.
will be at Moderately High risk

• To generate optimal returns over medium
to long term. Performance Table
• To predominantly invest in a portfolio of corporate debt
securities across the credit spectrum. Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
*Investors should consult their financial advisers if in doubt Since Since
about whether the product is suitable for them. 1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
Inception Inception
Benchmark risk-o-meter Bandhan Credit Risk Fund* 5.49% 4.21% 5.87% 5.79% 10,549 11,322 13,302 14,618
Tier 1: NIFTY Credit Risk Bond Index 9.57% 8.10% 9.05% 8.53% 10,957 12,642 15,422 17,373
C-III#
Tier 2: 65% NIFTY AA Short Duration 7.94% 6.85% 7.58% 7.33% 10,794 12,205 14,413 16,118
Bond Index + 35% NIFTY AAA Short
Duration Bond Index#
CRISIL 10 Year Gilt Index## 6.77% 2.94% 5.96% 5.05% 10,677 10,910 13,360 13,947
The scheme has been in existence for more than 1 year but less than 5 years.
Tier 1: NIFTY Credit Risk Bond Index C-III Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
Benchmark risk-o-meter Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses,
#
*Inception Date of Regular Plan - Growth Mar 3, 2017. @Income Distribution and Capital Withdrawal.
Mr. Arvind Subramanian managed this scheme up to 15th July, 2022.
@@
§
With effect from 13th March 2023, the name of “IDFC Credit Risk Fund” has changed to “Bandhan Credit Risk Fund”.
£
Tier 2: 65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short
Duration Bond Index PoD2 /P/CIR/2023/129 dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units
57
Bandhan Bond Fund – Income Plan§
(An open ended medium term debt scheme investing in instruments such that the Macaulay duration
fs ial
ent
of the portfolio is between 4 years and 7 years with Relatively High interest rate risk and Relatively Low Credit Risk Am Pot Class
A A ICRA
y Risk I
30th November 2023 b
A-II Satellite Bucket
About the Fund: An actively managed bond fund Name Rating % of NAV
(with Macaulay duration between 4 to 7 years) which seeks
to invest in highly rated money market and debt instruments Government Bond 97.76%
(including government securities) and aims to generate 7.18% - 2037 G-Sec SOV 58.63%
stable long term returns through mix of accrual income and 7.1% - 2029 G-Sec SOV 21.51%
capital appreciation.
7.06% - 2028 G-Sec SOV 14.02%
Category: Medium to Long Duration
6.1% - 2031 G-Sec SOV 1.90%
Monthly Avg AUM: ` 489.07 Crores 7.18% - 2033 G-Sec SOV 1.42%
Month end AUM: ` 488.63 Crores 6.79% - 2027 G-Sec SOV 0.20%
Inception Date: 14 July 2000 7.73% - 2034 G-Sec SOV 0.08%
Fund Manager^^: Mr. Suyash Choudhary (Since 15th Corporate Debt Market Development Fund£ 0.26%
October 2010). Corporate Debt Market Development Fund 0.26%
Other Parameter: Net Cash and Cash Equivalent 1.99%
Standard Deviation (Annualized) 2.09% Grand Total 100.00%
Macaulay Duration 6.97 years Maturity Bucket Asset Quality
Total Expense Ratio
Regular 1.99% Above 10 years 58.70
Direct 1.33%
5-10 years 24.84
Benchmark: NIFTY Medium to Long Duration Debt Index A-
III (w.e.f. 1st April 2022) 3-5 years 14.22
1-3 years 0.00
SIP Dates (Monthly/Quarterly)@@: Investor may choose any Upto 1 year 2.24
installment. 0 20 40 60 80
Investment Objective: Refer Pg No from 82 to 83 % NAV

thereafter
Option Available: Growth, IDCW@ - Quarterly, Half Yearly,
Annual & Periodic (each with payout, reinvestment and Asset Allocation
sweep facility)
Exit Load: If redeemed/switched out within 365 days from
§§
the date of allotment: For 10% of investment : Nil, For
remaining investment : 1%
If redeemed/switched out after 365 days from the date of
allotment: Nil

Yearly
§§

Moderate (Class II)
Performance Table
Investors understand that their principal Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
will be at Moderate risk Since Since
This product is suitable for investors who are Inception Inception
seeking*: Bandhan Bond Fund –
4.87% 2.38% 5.97% 7.14% 7.76% 10,487 10,732 13,368 19,948 57,396
• To generate optimal returns over Long term. Income Plan*
• Investments in Debt & Money Market securities such NIFTY Medium to Long
that the Macaulay duration of the portfolio is between 6.28% 3.96% 7.39% 7.85% NA 10,628 11,239 14,285 21,312 NA
Duration Debt Index A- III#
4 years and 7 years. CRISIL 10 year Gilt Index## 6.77% 2.94% 5.96% 6.92% NA 10,677 10,910 13,360 19,529 NA
Benchmark risk-o-meter commission expenses etc.
#
*
Inception Date of Regular Plan - Growth Jul 14, 2000. Gsec/SDL yields have been annualized wherever applicable.
@
@@
§
With effect from 13th March 2023, the name of “IDFC Bond Fund – Income Plan” has changed to “Bandhan Bond Fund – Income Plan”.
£
As per the requirement of regulation 43A of SEBI (Mutual Funds) Regulations, 1996, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2023/128
dated July 27, 2023 on framework for Corporate Debt Market Development Fund and SEBI circular no. SEBI/HO/IMD/PoD2 /P/CIR/2023/129
NIFTY Medium to Long Duration Debt Index A-III dated July 27, 2023 on investment by mutual fund schemes and Asset Management Companies (AMCs) in units of Corporate Debt Market
Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and Bandhan AMC Limited (‘AMC’)
shall invest percentage of net assets in the units of the CDMDF.
58
Bandhan Dynamic Bond Fund§ Click here to Know more
ent
ial
An open ended dynamic debt scheme investing across duration with fs Pot Class
Am Risk
Relatively High interest rate risk and Relatively Low Credit Risk A A ICRA I
by A-II
30th November 2023
Satellite Bucket
About the Fund: The fund is positioned in the Dynamic Bond Name Rating % of NAV
Fund category to take exposure across the curve depending Government Bond 97.11%
upon the fund manager’s underlying interest rate view where
we employ the majority of the portfolio. It is a wide structure 7.18% - 2037 G-Sec SOV 94.87%
and conceptually can go anywhere on the curve. 7.17% - 2030 G-Sec SOV 2.04%
Category: Dynamic Bond 7.18% - 2033 G-Sec SOV 0.19%
8.20% - 2025 G-Sec SOV 0.005%
7.17% - 2028 G-Sec SOV 0.005%
Corporate Debt Market Development Fund£ 0.26%
Corporate Debt Market Development Fund 0.26%
Fund Manager^^: Mr. Suyash Choudhary (Since 15th Net Cash and Cash Equivalent 2.64%
October 2010).
Grand Total 100.00%
Other Parameter:
Maturity Bucket Asset Quality
Above 10 years 94.87
Total Expense Ratio
Regular 1.62% 5-10 years 2.23
Direct 0.76%
3-5 years 0.00
Benchmark: NIFTY Composite Debt Index A-III (w.e.f. 1st
April 2022) 1-3 years 0.00
Upto 1 year 2.89
0 20 40 60 80 100
day of the month except 29th, 30th and 31st as the date of % NAV
installment.

Asset Allocation
thereafter
Option Available: Growth, IDCW@ - Periodic, Quarterly, §§
Half Yearly, Annual and Regular frequency (each with

Reinvestment, Payout and Sweep facility)
Exit Load: Nil (w.e.f. 17th October 2016)

Yearly
§§

Scheme risk-o-meter Moderate (Class II)
Performance Table
Since Since
Investors understand that their principal 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
will be at Moderate risk Inception Inception
Bandhan Dynamic Bond
This product is suitable for investors who are 5.18% 2.75% 6.55% 7.55% 7.48% 10,518 10,850 13,738 20,719 29,521
Fund*
seeking*:
• To generate long term optimal returns by active NIFTY Composite Debt
6.47% 4.11% 7.29% 7.86% 7.79% 10,647 11,287 14,222 21,329 30,810
management. Index A-III#
• Investments in money market & debt instruments CRISIL 10 Year Gilt Index## 6.77% 2.94% 5.96% 6.92% 5.68% 10,677 10,910 13,360 19,529 22,912
including G-Sec across duration. Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
*Investors should consult their financial advisers if in The performances given are of regular plan growth option.
doubt about whether the product is suitable for them. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses,
commission expenses etc. Standard Deviation calculated on the basis of 1 year history of
monthly data
Benchmark risk-o-meter For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages
#
*
Inception Date of Regular Plan - Growth Dec 03, 2008. Gsec/SDL yields have been annualized wherever applicable.
@
@@
§
With effect from 13th March 2023, the name of “IDFC Dynamic Bond Fund” has changed to “Bandhan Dynamic Bond Fund”.
£
NIFTY Composite Debt Index A-III of Corporate Debt Market Development Fund (“CDMDF”), specified open ended debt-oriented schemes of Bandhan Mutual Fund and
59
Bandhan Government Securities Fund - Constant Maturity Plan§
An open ended debt scheme investing in government securities having a constant maturity of 10 years Click here to Know more ial
with Relatively High interest rate risk and Relatively Low Credit Risk. ent
Pot Class
s k
30th November 2023 Ri I
A-II
Satellite Bucket
About the Fund: The fund is a mix of government bonds, state

development loans (SDLs), treasury bills and/or cash management Government Bond 96.61%
bills. The fund will predominantly have an average maturity of
around 10 years. 7.18% - 2037 G-Sec SOV 70.22%
Category: Gilt Fund with 10 year constant duration 7.1% - 2029 G-Sec SOV 24.76%
8.24% - 2027 G-Sec SOV 0.74%
6.79% - 2027 G-Sec SOV 0.50%
7.17% - 2028 G-Sec SOV 0.24%
6.54% - 2032 G-Sec SOV 0.16%
Fund Manager^^: Mr. Harshal Joshi (w.e.f. 15th May 2017).
Other Parameter: Grand Total 100.00%
Macaulay Duration 7.42 years Maturity Bucket Asset Quality
Total Expense Ratio

Above 10 years 70.22
Regular 0.52%
Direct 0.30% 5-10 years 24.92
Benchmark: CRISIL 10 year Gilt Index (w.e.f. 28th May 2018)
3-5 years 1.48
1-3 years 0.00
Upto 1 year 3.39
0 20 40 60 80
installment.
% NAV

thereafter
Asset Allocation
Option Available: Both the Plans under the Scheme have
Growth & IDCW@ Option. IDCW@ Option under the Scheme
offers Quarterly, Half yearly, Annual, Regular and Periodic
frequency (each with payout, reinvestment and sweep
facility).
Exit Load: Nil.

Regular Plan IDCW@ Annual N.A


Moderate (Class II)
Scheme risk-o-meter Relatively High (Class III) A-III
Performance Table
Since Since
Investors understand that their principal 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
Inception Inception
Bandhan Government
This product is suitable for investors who are Securities Fund - Constant 6.16% 2.95% 7.54% 8.47% 6.47% 10,616 10,915 14,386 22,565 39,080
seeking*: Maturity Plan*^
• To generate optimal returns over long term. CRISIL 10 year Gilt Index# 6.77% 2.94% 5.96% 7.05% NA 10,677 10,910 13,360 19,766 NA
• Investments in Government Securities such that the
CRISIL 1 Year T-Bill## 6.97% 4.72% 5.63% 6.46% 5.91% 10,697 11,487 13,150 18,715 34,865
average maturity of the portfolio is around 10 years.
*Investors should consult their financial advisers if in Performance based on NAV as on 30/11/2023 Past performance may or may not be sustained in future.
doubt about whether the product is suitable for them. The performances given are of regular plan growth option.
For other funds managed by the fund manager, please refer page no. 69 - 71 & the respective fund pages. #Benchmark Returns.
Benchmark risk-o-meter ##
Additional Benchmark Returns. *Inception Date of Regular Plan - Growth Mar 09, 2002. Standard Deviation calculated on the basis of 1
year history of monthly data Gsec/SDL yields have been annualized wherever applicable
^The fund is repositioned w.e.f. May 28, 2018
ß
Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of I-Sec Si Bex
(Benchmark). Yields for GSec/SDLs have been annualized wherever applicable.
@
@@
§
With effect from 13th March 2023, the name of “IDFC Government Securities Fund - Constant Maturity Plan” has changed to “Bandhan
Government Securities Fund - Constant Maturity Plan”.
CRISIL 10 year Gilt Index
60
Bandhan Government Securities Fund – Investment Plan§
An open ended debt scheme investing in government securities across maturities with Click here to Know more ial
ent
Relatively High interest rate risk and Relatively Low Credit Risk. Pot Class
Risk I
Satellite Bucket
About the Fund: A dedicated gilt fund with an objective to

generate optimal returns with high liquidity by investing in
Government Securities.
Category: Gilt
7.18% - 2037 G-Sec SOV 96.01%
7.17% - 2030 G-Sec SOV 1.12%
7.18% - 2033 G-Sec SOV 0.28%
7.17% - 2028 G-Sec SOV 0.004%
Fund Manager^^: Mr. Suyash Choudhary (Since 15th
October 2010). Net Cash and Cash Equivalent 2.58%

Total Expense Ratio

Regular 1.25% Maturity Bucket Asset Quality
Direct 0.63%
Benchmark: CRISIL Dynamic Gilt Index

(w.e.f. 01 February 2019) Above 10 years 96.01
SIP (Minimum Amount): ` 100/- 5-10 years 1.40

3-5 years 0.00
day of the month except 29th, 30th and 31st as the date of 1-3 years 0.00
installment.
Upto 1 year 2.58
Minimum Investment Amount: ` 1,000/- and any amount 0 20 40 60 80 100

thereafter % NAV
Option Available: Growth & IDCW@ Option - Quarterly,
Half yearly, Annual, Regular and Periodic (each with payout,
reinvestment and sweep facility).
Asset Allocation
Exit Load: Nil (w.e.f. 15th July 2011)
Yearly


Scheme risk-o-meter
Moderate (Class II)
Performance Table
will be at Moderate risk Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
Since Since
This product is suitable for investors who are 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
Inception Inception
seeking*:
Bandhan Government
• To generate long term optimal returns. 5.54% 3.08% 7.44% 8.15% 7.70% 10,554 10,956 14,316 21,896 30,418
Securities Fund – IP*
• Investments in Government Securities across
maturities. CRISIL Dynamic Gilt Index# 6.61% 3.94% 7.06% 8.02% 7.09% 10,661 11,233 14,069 21,653 27,926
*Investors should consult their financial advisers if in CRISIL 10 year Gilt Index## 6.77% 2.94% 5.96% 6.92% 5.68% 10,677 10,910 13,360 19,529 22,912
Benchmark risk-o-meter expenses, commission expenses etc.
#
*Inception Date of Regular Plan - Growth Dec 03, 2008.
Gsec/SDL yields have been annualized wherever applicable. @Income Distribution and Capital Withdrawal.
@@
§
With effect from 13th March 2023, the name of “IDFC Government Securities Fund – Investment Plan” has changed to “Bandhan
Government Securities Fund – Investment Plan”.
CRISIL Dynamic Gilt Index
61
Bandhan CRISIL IBX Gilt April 2026 Index Fund§ Click here to Know more
An open-ended Target Maturity Index Fund investing in constituents of Crisil IBX Gilt Index - April 2026 ial
with Relatively High interest rate risk and Relatively Low Credit Risk ent
Pot Class
s k
30th November 2023 Ri I
A-II
About the Fund: The investment objective of the scheme Name Rating % of NAV
is to provide investment returns corresponding to the total
returns of the securities as represented by the CRISIL IBX Gilt
Index - April 2026 before expenses, subject to tracking errors. Government Bond 98.38%
However, there can be no assurance or guarantee that the 6.99% - 2026 G-Sec SOV 31.45%
investment objective of the Scheme will be achieved.
5.63% - 2026 G-Sec SOV 30.31%
Category: Index Fund
7.59% - 2026 G-Sec SOV 20.15%
Month end AUM: ` 474.40 Crores 5.15% - 2025 G-Sec SOV 10.15%
Inception Date: 20 October, 2022 7.27% - 2026 G-Sec SOV 6.32%

Fund Manager: Mr. Gautam Kaul Net Cash and Cash Equivalent 1.62%
Total Expense Ratio

Regular 0.41%
Direct 0.16%
Benchmark: CRISIL IBX Gilt Index - April 2026

thereafter

installment.
Minimum Investment Amount: ` 1,000/- and in multiples of

Re. 1/- thereafter
Option Available: Growth & Income Distribution cum capital

withdrawal Option (Payout, Reinvestment or Sweep facility).
Exit Load: Nil

Regular Plan Growth - 10.8002 Asset Allocation Asset Quality
Scheme risk-o-meter
Moderate (Class II)
Investors understand that their principal A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
will be at Low to Moderate risk

seeking*:
• Income over the target maturity period.
• Investment in constituents of CRISIL IBX Gilt Index - Performance Table
April 2026.
*Investors should consult their financial advisers if in Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
Since Since
Bandhan CRISIL IBX Gilt April 2026 Index Fund -
Benchmark risk-o-meter 6.37% NA NA 7.17% 10,637 NA NA 10,800
Regular Plan - Growth
CRISIL IBX Gilt Index - April 2026# 6.76% NA NA 7.53% 10,676 NA NA 10,841
CRISIL 10 Year Gilt Index## 6.77% NA NA 8.16% 10,677 NA NA 10,911
CRISIL IBX Gilt Index - April 2026 Standard Deviation calculated on the basis of 1 year history of monthly data. Tracking Error of the Scheme is not computed owing to the short time frame
(<3years) since launch of the Scheme. #Benchmark Returns. ##Additional Benchmark Returns.
@
Income Distribution and Capital Withdrawal *Inception Date of Regular Plan - Growth October 20, 2022.
@@
§
With effect from 13th March 2023, the name of “IDFC CRISIL IBX Gilt April 2026 Index Fund” has changed to “Bandhan CRISIL IBX Gilt April 2026 Index Fund”.
62
Bandhan CRISIL IBX Gilt June 2027 Index Fund§
An open-ended Target Maturity Index fund investing in constituents of CRISIL IBX Gilt June 2027 ent
ial
Click here to Know more Pot Class
with Relatively High Interest Rate Risk and Relatively Low Credit Risk. Risk I
Satellite Bucket
About the Fund: The fund seeks to invest in government Name Rating % of NAV
securities and treasury bills that form part of its respective
index. This is a target maturity index fund, therefore it Government Bond 96.96%
terminates on a specific date (June 30, 2027)
7.38% - 2027 G-Sec SOV 73.08%
8.24% - 2027 G-Sec SOV 13.52%
6.79% - 2027 G-Sec SOV 10.36%
Inception Date: 23 March 2021 Net Cash and Cash Equivalent 3.04%
Fund Manager: Mr. Harshal Joshi (w.e.f. 28th July 2021) Grand Total 100.00%
Mr. Gautam Kaul (w.e.f. 1st December 2021)
Other Parameter:
Total Expense Ratio

Regular 0.41%
Direct 0.16%
Benchmark: CRISIL-IBX Gilt Index - June 2027

thereafter (minimum 6 installments)

installment.

thereafter

withdrawal Option (Payout, Reinvestment or Sweep facility)
Exit Load: Nil


Scheme risk-o-meter
Moderate (Class II)


• Investment in constituents similar to the composition Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
of CRISIL IBX Gilt June 2027 Index.
*Investors should consult their financial advisers if in Since Since
doubt about whether the product is suitable for them. Inception* Inception*
Bandhan CRISIL IBX Gilt June 2027 Index 6.46% NA NA 4.73% 10,646 NA NA 11,325
CRISIL-IBX Gilt Index - June 2027# 6.91% NA NA 5.15% 10,691 NA NA 11,447
Benchmark risk-o-meter 10 Year GOI## 6.77% NA NA 3.32% 10,677 NA NA 10,920
Standard Deviation calculated on the basis of 1 year history of monthly data. Tracking Error of the Scheme is not computed owing to the short time frame
(<3years) since launch of the Scheme. #Benchmark Returns. ##Additional Benchmark Returns.
@
Income Distribution and Capital Withdrawal *Inception Date of Regular Plan - Growth March 23, 2021.
CRISIL-IBX Gilt Index - June 2027
@@
§
With effect from 13th March 2023, the name of “IDFC CRISIL IBX Gilt June 2027 Index Fund” has changed to “Bandhan CRISIL IBX Gilt June 2027 Index Fund”
63
An open-ended Target Maturity Index fund investing in constituents of CRISIL IBX Gilt April 2028 Index ial
ent
with Relatively High interest rate risk and Relatively Low Credit Risk. Pot Class
Risk I
30th November 2023
A-II
Satellite Bucket
About the Fund: The fund seeks to invest in government Name Rating % of NAV
securities and treasury bills that form part of its respective
index. This is a target maturity index fund, therefore it
terminates on a specific date (April 05, 2028)
7.17% - 2028 G-Sec SOV 58.20%
8.28% - 2027 G-Sec SOV 35.21%
Monthly Avg AUM: ` 4,815.47 Crores 7.38% - 2027 G-Sec SOV 3.93%
Month end AUM: ` 4,850.43 Crores Net Cash and Cash Equivalent 2.66%
Grand Total 100.00%
Fund Manager: Mr. Harshal Joshi (w.e.f. 28th July 2021)

Mr. Gautam Kaul (w.e.f. 1st December 2021)
Other Parameter:
Total Expense Ratio

Regular 0.41%
Direct 0.16%
Benchmark: CRISIL-IBX Gilt Index - April 2028

thereafter (minimum 6 installments)

installment.

thereafter

withdrawal Option (Payout, Reinvestment or Sweep facility)
Exit Load: Nil


Moderate (Class II)
A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk


seeking*:
• Income over the target maturity period. Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
• Investment in constituents similar to the
Since Since
compositionof CRISIL IBX Gilt April 2028 Index. 1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
doubt about whether the product is suitable for them. Bandhan CRISIL IBX Gilt April 2028 Index 6.56% NA NA 4.84% 10,656 NA NA 11,355
Fund
CRISIL-IBX Gilt Index - April 2028# 7.01% NA NA 5.25% 10,701 NA NA 11,475
Benchmark risk-o-meter 10 Year GOI## 6.77% NA NA 3.32% 10,677 NA NA 10,920
(<3years) since launch of the Scheme.
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal. *Inception Date of Regular Plan - Growth March 23, 2021.
CRISIL-IBX Gilt Index - April 2028 @@
§
With effect from 13th March 2023, the name of “IDFC CRISIL IBX Gilt April 2028 Index Fund” has changed to “Bandhan CRISIL IBX Gilt April 2028 Index Fund”.
64
An open-ended Target Maturity Index Fund investing in constituents of Crisil IBX Gilt Index - April 2032 with ent
ial
Relatively High interest rate risk and Relatively Low Credit Risk Pot Class
Ri s k
I
About the Fund: This Target Maturity Index Fund aims to Name Rating % of NAV
provide the investment returns corresponding to the total
returns of the securities as represented by the CRISIL IBX
Gilt Index – April 2032 before expenses, subject to tracking
errors. The scheme will terminate on 30th April 2032 6.54% - 2032 G-Sec SOV 72.16%
6.1% - 2031 G-Sec SOV 24.06%
Grand Total 100.00%
Inception Date: 15 February 2023
Fund Manager: Mr. Harshal Joshi & Mr. Gautam Kaul
Other Parameter:
Total Expense Ratio

Regular 0.46%
Direct 0.20%
Benchmark: Crisil IBX Gilt Index - April 2032

thereafter

installment.

Re. 1/- thereafter

Exit Load: Nil

Scheme risk-o-meter Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Moderate (Class II)
A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk


seeking*:
Scheme Name Simple annualised (%)
• Investment in constituents of Crisil IBX Gilt 6 months
Index - April 2032 Bandhan CRISIL IBX Gilt April 2032 Index Fund - Regular Plan - Growth 2.99%
*Investors should consult their financial advisers if in CRISIL IBX Gilt Index – April 2032 3.37%
CRISIL 10 Year Gilt Index 2.25%
Note: Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1
year. However, such returns may not be representative. Absolute return of the Scheme for the 6 month period is 1.50%.
Other parameters relating to performance and SIP are not disclosed as the fund has not completed 1 year.
“Where the scheme has been in existence for less than six months past performance shall not be provided. Further, if the scheme has
been in existence for more than six months but less than one year, then simple annualized growth rate of the scheme for the past 6
months from the last day of month-end preceding the date of advertisement shall be provided.”
@
Crisil IBX Gilt Index - April 2032
@@
§
With effect from 13th March 2023, the name of “IDFC CRISIL IBX Gilt April 2032 Index Fund” has changed to “Bandhan CRISIL IBX Gilt
April 2032 Index Fund”.
65
Bandhan CRISIL IBX 90:10 SDL Plus Gilt– November 2026 Index Fund§
An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 90:10 SDL plus Click here to Know more ent
ial
Gilt Index– November 2026 with Relatively High interest rate risk and Relatively Low Credit Risk Pot Class
Risk I
About the Fund: This Target Maturity Index Fund aims to Name Rating % of NAV
provide the investment returns corresponding to the total
returns of the securities as represented by the CRISIL IBX
State Government Bond 81.78%
90:10 SDL plus Gilt Index – November 2026 before expenses,
subject to tracking errors. The scheme will terminate on 30th 7.57% Gujarat SDL - 2026 SOV 16.01%
November 2026.
6.24% Maharashtra SDL - 2026 SOV 13.29%
7.4% Madhya Pradesh SDL - 2026 SOV 9.11%
7.49% Gujarat SDL - 2026 SOV 5.59%
7.17% Rajasthan SDL - 2026 SOV 4.53%
Fund Manager: Mr. Gautam Kaul & Mr. Harshal Joshi
7.04% Gujarat SDL - 2026 SOV 4.52%
Other Parameter: 7.69% Uttar Pradesh SDL - 2026 SOV 3.71%
Modified Duration 2.40 years 7.69% Tamilnadu SDL - 2026 SOV 3.68%
7.59% Kerala SDL - 2026 SOV 3.66%
Yield to Maturity 7.60% 7.41% Uttar Pradesh SDL - 2026 SOV 3.19%
Total Expense Ratio 7.16% Madhya Pradesh SDL - 2026 SOV 3.11%
Regular 0.41%
Direct 0.16% 8.72% Tamilnadu SDL - 2026 SOV 2.26%
Benchmark: CRISIL IBX 90:10 SDL plus Gilt Index –

7.19% West Bangal SDL - 2026 SOV 1.81%
November 2026 7.18% Haryana SDL - 2026 SOV 0.91%
SIP (Minimum Amount): ` 100/- and in multiples of Re.1 7.15% Madhya Pradesh SDL - 2026 SOV 0.90%
thereafter
day of the month except 29th, 30th and 31st as the date of Government Bond 13.17%
installment.
5.74% - 2026 G-Sec SOV 13.17%
Re. 1/- thereafter Grand Total 100.00%

Exit Load: Nil

NAV (`) as on November 30, 2023 Asset Allocation Asset Quality

Scheme risk-o-meter Credit Risk of the scheme
Moderate (Class II)

will be at Low to Moderate risk
Performance Table
• Income over the target maturity period. Inception* Inception*
• Investment in constituents of CRISIL IBX 90:10 SDL Bandhan CRISIL IBX 90:10 SDL Plus Gilt - 6.52% NA NA 6.55% 10,652 NA NA 10,680
plus Gilt Index – November 2026. November 2026 Index Fund - Regular Plan
*Investors should consult their financial advisers if in - Growth
doubt about whether the product is suitable for them. CRISIL IBX 90:10 SDL plus Gilt Index– 6.90% NA NA 6.98% 10,690 NA NA 10,724
November 2026#
10 Year GOI## 6.77% NA NA 6.74% 10,677 NA NA 10,699
Benchmark risk-o-meter The scheme has been in existence for more than 1 year but less than 3 years or 5 years.
#
Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal. *Inception Date of Regular Plan - Growth Nov 17, 2022.
@@
CRISIL IBX 90:10 SDL plus Gilt Index – November 2026
§
With effect from 13th March 2023, the name of “IDFC CRISIL IBX 90:10 SDL Plus Gilt– November 2026 Index Fund” has changed to “Bandhan CRISIL IBX 90:10 SDL
Plus Gilt– November 2026 Index Fund”.
66
Bandhan CRISIL IBX 90:10 SDL Plus Gilt– September 2027 Index Fund§
An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 90:10 SDL Plus Click here to Know more
Gilt Index – September 2027 with Relatively High Interest Rate Risk and Relatively Low Credit Risk ial
ent
Pot Class
30th November 2023 Risk I
A-II
About the Fund: This Target Maturity Index Fund aims Name Rating % of NAV
to provide the investment returns corresponding to the
total returns of the securities as represented by the State Government Bond 76.61%
CRISIL IBX 90:10 SDL plus Gilt Index – September 2027
before expenses, subject to tracking errors. The scheme 7.33% Maharashtra SDL - 2027 SOV 17.50%
will terminate on 30th September 2027.
7.18% Tamilnadu SDL - 2027 SOV 12.29%
7.28% Madhya Pradesh SDL - 2027 SOV 12.05%
7.25% Gujarat SDL - 2027 SOV 6.02%
Inception Date: 24 November, 2022 6.2% Rajasthan SDL - 2027 SOV 5.82%
Fund Manager: Mr. Gautam Kaul & Mr. Harshal Joshi 7.27% Tamilnadu SDL - 2027 SOV 3.62%
Other Parameter: 7.21% Tamilnadu SDL - 2027 SOV 3.01%
8.49% Andhra Pradesh SDL - 2027 SOV 2.73%
Average Maturity 3.57 years 7.47% Chhattisgarh SDL - 2027 SOV 0.37%
7.38% - 2027 G-Sec SOV 18.20%
Total Expense Ratio
Regular 0.41% Net Cash and Cash Equivalent 5.18%
Direct 0.16%
Grand Total 100.00%
Benchmark: CRISIL IBX 90:10 SDL plus Gilt Index –
September 2027

thereafter

installment.
Minimum Investment Amount: ` 1,000/- and in Asset Allocation Asset Quality

multiples of Re. 1/- thereafter
Option Available: Growth & Income Distribution cum

capital withdrawal Option (Payout, Reinvestment or
Sweep facility)..
Exit Load: Nil


Moderate (Class II)
Scheme risk-o-meter A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.

Performance Table
• Investment in constituents of CRISIL IBX 90:10 SDL Bandhan CRISIL IBX 90:10 SDL Plus Gilt - 6.47% NA NA 6.50% 10,647 NA NA 10,661
plus Gilt Index – September 2027. September 2027 Index Fund - Regular Plan
*Investors should consult their financial advisers if in - Growth
doubt about whether the product is suitable for them. CRISIL IBX 90:10 SDL plus Gilt Index– 6.87% NA NA 6.91% 10,687 NA NA 10,702
September 2027#
Benchmark risk-o-meter The scheme has been in existence for more than 1 year but less than 3 years or 5 years.
#
@@
CRISIL IBX 90:10 SDL plus Gilt Index – September 2027 §
With effect from 13th March 2023, the name of “IDFC CRISIL IBX 90:10 SDL Plus Gilt– September 2027 Index Fund” has changed to “Bandhan CRISIL IBX 90:10 SDL
Plus Gilt– September 2027 Index Fund”.
67
Bandhan CRISIL IBX 90:10 SDL Plus Gilt–April 2032 Index Fund§ Click here to Know more
An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 90:10 SDL plus
ial
Gilt Index – April 2032 with Relatively High Interest Rate Risk and Relatively Low Credit Risk ent
Pot Class
30th November 2023 Risk I
A-II
About the Fund: This Target Maturity Index Fund aims Name Rating % of NAV
to provide the investment returns corresponding to the State Government Bond 89.30%
total returns of the securities as represented by the 7.72% Haryana SDL - 2032 SOV 15.47%
CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 before
expenses, subject to tracking errors. The scheme will
terminate on 30th April 2032. 7.72% Maharashtra SDL - 2032 SOV 13.00%
7.3% Tamilnadu SDL - 2032 SOV 4.53%
Monthly Avg AUM: ` 323.94 Crores 7.63% Gujarat SDL - 2032 SOV 4.00%
Month end AUM: ` 323.81 Crores 7.68% Karnataka SDL - 2031 SOV 3.50%
7.68% Haryana SDL - 2031 SOV 3.08%
Fund Manager: Mr. Gautam Kaul & Mr. Harshal Joshi 6.83% Tamilnadu SDL - 2031 SOV 2.79%
Other Parameter: 7.17% Kerala SDL - 2032 SOV 2.09%
Standard Deviation (Annualized) 2.21% 7.23% Tamilnadu SDL - 2032 SOV 1.65%
Modified Duration 5.86 years 7.93% Karnataka SDL - 2031 SOV 1.57%
Average Maturity 8.10 years 7.8% Andhra Pradesh SDL - 2031 SOV 1.55%
Macaulay Duration 6.08 years 7.74% Andhra Pradesh SDL - 2032 SOV 1.55%
7.29% Gujarat SDL - 2032 SOV 1.51%
Total Expense Ratio 7.12% Gujarat SDL - 2032 SOV 1.49%
Regular 0.34% 6.85% Madhya Pradesh SDL - 2031 SOV 1.47%
Direct 0.16%
7.57% Gujarat SDL - 2032 SOV 0.92%
Benchmark: CRISIL IBX 90:10 SDL plus Gilt Index – April 7.57% Gujarat SDL - 2031 SOV 0.75%
2032
SIP (Minimum Amount): ` 100/- and in multiples of Re.1 7.22% Rajasthan SDL - 2032 SOV 0.42%
thereafter
6.84% Gujarat SDL - 2031 SOV 0.27%
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) Government Bond 7.75%
SIP Dates (Monthly/Quarterly)@@: Investor may choose 6.54% - 2032 G-Sec SOV 6.32%
any day of the month except 29th, 30th and 31st as the 6.1% - 2031 G-Sec SOV 1.44%
date of installment. Net Cash and Cash Equivalent 2.95%
Investment Objective: Refer Pg No from 82 to 83 Grand Total 100.00%
Minimum Investment Amount: ` 1,000/- and in

multiples of Re. 1/- thereafter
Option Available: Growth & Income Distribution cum

capital withdrawal Option (Payout, Reinvestment or
Sweep facility).
Exit Load: Nil

Scheme risk-o-meter Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Moderate (Class II)

Performance Table
This product is suitable for investors who are Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
• Investment in constituents of CRISIL IBX 90:10 SDL Bandhan CRISIL IBX 90:10 SDL Plus Gilt 6.63% NA NA 6.71% 10,663 NA NA 10,673
plus Gilt Index – April 2032. - April 2032 Index Fund - Regular Plan -
*Investors should consult their financial advisers if in Growth
doubt about whether the product is suitable for them. CRISIL IBX 90:10 SDL plus Gilt Index– April 7.21% NA NA 7.25% 10,721 NA NA 10,727
2032#
#
@@
CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 §
With effect from 13th March 2023, the name of “IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund” has changed to “Bandhan CRISIL IBX 90:10 SDL Plus
Gilt– April 2032 Index Fund”.
68
Performance Table
(Others Funds Managed by the Fund Managers)
Period 1 Year 3 Years 5 Years 10 Years

Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark
Since Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) Return (%)
Fund Manager Name: Mr. Manish Gunwani
Bandhan Core Equity 28-01-2023 NIFTY LargeMidcap 250 TRI 24.37% 19.92% 24.08% 23.34% 16.55% 18.00% 15.34% 18.05%
Fund
Bandhan Hybrid CRISIL Hybrid 35+65 Aggressive
28-01-2023 11.44% 9.78% 15.90% 13.88% 12.11% 13.12% NA NA
Equity Fund4 Index
Bandhan Small Cap 28-01-2023 S&P BSE 250 SmallCap TRI 41.11% 35.53% 30.14% 33.15% NA NA NA NA
Fund
Mr. Manish Gunwani manages 4 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Harshal Joshi
Bandhan Arbitrage 15-07-2016 Nifty 50 Arbitrage Index 7.18% 7.87% 4.81% 5.31% 4.88% 4.95% 5.89% 5.71%
Fund
Tier 1: NIFTY Medium Duration 6.31% 6.14% 4.15% 4.04% 6.77% 7.39% 7.34% 7.87%
Bandhan All Seasons Debt Index A-III
15-07-2016
Bond Fund Tier 2: NIFTY Short Duration 6.31% 6.89% 4.15% 4.84% 6.77% 6.88% 7.34% 7.54%
Debt Index
Bandhan Government
Securities Fund - Con- 15-05-2017 CRISIL 10 year Gilt Index 6.16% 6.77% 2.95% 2.94% 7.54% 5.96% 8.47% 7.05%
stant Maturity Plan8ß
Bandhan Liquid Fund 15-09-2015 NIFTY Liquid Index A-I 6.92% 7.11% 4.87% 5.01% 5.07% 5.18% 6.44% 6.48%
Bandhan Ultra Short NIFTY Ultra Short Duration
18-07-2018 7.03% 7.41% 4.78% 5.16% 5.71% 5.84% NA NA
Term Fund Debt Index A-I
Bandhan Low Duration NIFTY Low Duration Debt
28-07-2021 6.87% 7.36% 4.68% 4.82% 5.96% 5.94% 7.09% 6.99%
Fund Index A-I
Bandhan Regular CRISIL Hybrid 85+15
28-07-2021 6.36% 7.47% 5.01% 6.42% 6.05% 8.79% 7.69% 9.39%
Savings Fund Conservative Index
Bandhan Hybrid Equity CRISIL Hybrid 35+65 Aggressive
28-07-2021 11.44% 9.78% 15.90% 13.88% 12.11% 13.12% NA NA
Fund Index
Bandhan Equity 20-10-2016 CRISIL Equity Savings Index 7.19% 7.99% 7.46% 9.96% 7.05% 10.08% 6.54% 8.90%
Savings Fund3¥
Bandhan CRISIL IBX Gilt 28-07-2021 CRISIL Gilt 2027 Index 6.46% 6.91% NA NA NA NA NA NA
June 2027 Index Fund@
Bandhan CRISIL IBX Gilt 28-07-2021 CRISIL Gilt 2028 Index 6.56% 7.01% NA NA NA NA NA NA
April 2028 Index Fund@@
Russell 1000 Growth Index
Bandhan US Equity 20-08-2021 (Total Return Net of 30% with- 25.11% 28.88% NA NA NA NA NA NA
Fund of Fund holding tax)
Bandhan Multicap NIFTY 500 Multicap
2-12-2021 20.01% 21.17% NA NA NA NA NA NA
Fund 50:25:25 TRI
Bandhan Midcap Fund 18-08-2022 S&P BSE 150 Midcap TRI 30.23% 31.53% NA NA NA NA NA NA
Bandhan Transporta- Nifty Transportation and
27-10-2022 30.52% 30.78% NA NA NA NA NA NA
tion and Logistics Fund Logistics TRI
Bandhan CRISIL IBX CRISIL IBX 90:10 SDL plus Gilt
90:10 SDL Plus Gilt - 29-11-2022 6.63% 7.21% NA NA NA NA NA NA
Index– April 2032
April 2032 Index Fund
Bandhan CRISIL IBX
90:10 SDL Plus Gilt - CRISIL IBX 90:10 SDL plus Gilt
17-11-2022 6.52% 6.90% NA NA NA NA NA NA
November 2026 Index Index–November 2026
Fund
Bandhan CRISIL IBX
24-11-2022 6.47% 6.87% NA NA NA NA NA NA
September 2027 Index Index–September 2027
Fund
Bandhan Fixed Term 28-07-2021 CRISIL Composite Bond Index 7.05% 6.72% 4.79% 4.18% NA NA NA NA
Plan - Series 179
Mr. Harshal Joshi manages 21 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Viraj Kulkarni
Bandhan Hybrid CRISIL Hybrid 35+65
01-07-2022 11.44% 9.78% 15.90% 13.88% 12.11% 13.12% NA NA
Equity Fund Aggressive Index
01-07-2022 6.36% 7.47% 5.01% 6.42% 6.05% 8.79% 7.69% 9.39%
Savings Fund
Bandhan Asset Allocation CRISIL Hybrid 35+65
Fund of Fund - Aggressive 01-07-2022 13.02% 9.78% 13.15% 13.88% 10.07% 13.12% 10.30% 13.09%
Aggressive Index
Plan
Bandhan Asset CRISIL Hybrid 85+15
Allocation Fund of Fund - 01-07-2022 7.73% 7.47% 6.60% 6.42% 6.96% 8.79% 8.09% 9.39%
Conservative Index
Conservative Plan
Bandhan Asset Allocation NIFTY 50 Hybrid Composite
Fund of Fund - Moderate 01-07-2022 10.83% 7.67% 10.02% 10.85% 8.62% 11.54% 9.27% 11.36%
debt 50:50 Index
Plan
Mr. Viraj Kulkarni manages 6 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Kirthi Jain
Bandhan Small Cap 05-06-2023 S&P BSE 250 SmallCap TRI 41.11% 35.53% 30.14% 33.15% NA NA NA NA
Fund
Mr. Kirthi Jain manages 1 scheme of Bandhan Mutual Fund.
Fund Manager Name: Mr. Vishal Biraia
Bandhan Balanced NIFTY 50 Hybrid Composite debt
19-06-2023 9.75% 7.67% 9.36% 10.85% 9.31% 11.54% NA NA
Advantage Fund 50:50 Index
Mr. Vishal Biraia manages 1 scheme of Bandhan Mutual Fund.
Performance based on NAV as on 30/11/2023 Past Performance may or may not be sustained in future. The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense
structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. With effect from 1st February 2018, we are comparing the performances of the funds with the total return
variant of the benchmark instead of the price return variant. Mr. Anoop Bhaskar managed Bandhan Core Equity Fund, Bandhan Flexi Cap Fund, Bandhan Sterling Value Fund, Bandhan Small Cap Fund, Bandhan Hybrid Equity
Fund (Equity Portion) till 27th January 2023. 1The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018. 4The fund has been repositioned from Balanced category to Aggressive Hybrid category
w.e.f. April 30, 2018. 3The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018. 7The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.
8
The fund is repositioned w.e.f. May 28, 2018. ¥Current Index performance adjusted for the period from since inception to April 30, 2018 with the performance of CRISIL Liquid Fund Index (Benchmark). ßCurrent Index
performance adjusted for the period from since inception to May 28, 2018 with the performance of I-Sec Si Bex (Benchmark). Bandhan CRISIL IBX Gilt April 2032 Index Fund is managed by Mr. Harshal Joshi & Mr.
Gautam Kaul w.e.f. 15th February 2023. The scheme has been in existence for less than 1 year, hence performance has not been disclosed. Bandhan Financial Services Fund is managed by Mr. Sumit Agarwal and Mr.
Manish Gunwani (equity portion) and Mr. Harshal Joshi (debt portion) w.e.f. 28th July 2023. The scheme has been in existence for less than 1 year, hence performance has not been disclosed. Bandhan Retirement Fund
is managed by Mr. Viraj Kulkarni (equity portion) and Mr. Gautam Kaul (debt portion) w.e.f. 28th July 2023. Ms. Ritika Behera (will be managing overseas investment portion of the scheme.) The scheme has been in
existence for less than 1 year, hence performance has not been disclosed. Ms. Ritika Behera will be managing for Equity overseas investment portion of the scheme w.e.f. October 07, 2023. Ms. Ritika Behera has been
designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October
07, 2023.
69
Performance Table

Fund Manager Name: Ms. Ritu Modi
Ms. Ritu Modi manages 1 scheme of Bandhan Mutual Fund.
Fund Manager Name: Mr. Sachin Relekar (w.e.f. 08th December 2020)£
Bandhan Flexi Cap 08-12-2020 S&P BSE 500 TRI 13.19% 13.44% 17.54% 20.21% 12.53% 16.00% 14.86% 15.58%
Fund$
Bandhan 08-12-2020 S&P BSE India Infrastructure TRI 37.25% 37.27% 36.59% 40.08% 19.27% 20.42% 16.22% 14.58%
Infrastructure Fund
Savings Fund
Bandhan Large Cap 01-03-2017 S&P BSE 100 TRI 12.14% 10.10% 15.71% 18.19% 13.17% 14.76% 12.19% 13.90%
Fund2§
01-03-2017 9.75% 7.67% 9.36% 10.85% 9.31% 11.54% NA NA
Bandhan Asset Allocation CRISIL Hybrid 35+65 Aggressive
Fund of Fund - Aggressive 01-03-2022 13.02% 9.78% 13.15% 13.88% 10.07% 13.12% 10.30% 13.09%
Index
Plan^5
Bandhan Asset CRISIL Hybrid 85+15 Conserva-
Allocation Fund of Fund - 01-03-2022 7.73% 7.47% 6.60% 6.42% 6.96% 8.79% 8.09% 9.39%
tive Index
Conservative Plan^5
Bandhan Asset Allocation NIFTY 50 Hybrid Composite
Fund of Fund - Moderate 01-03-2022 10.83% 7.67% 10.02% 10.85% 8.62% 11.54% 9.27% 11.36%
debt 50:50 Index
Plan^5
Mr. Sachin Relekar manages 9 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Daylynn Pinto
Bandhan ELSS Tax 20-10-2016 S&P BSE 500 TRI 18.20% 13.44% 26.52% 20.21% 18.05% 16.00% 17.67% 15.58%
saver Fund
Tier 1: S&P BSE 500 TRI 22.23% 13.44% 30.92% 20.21% 18.26% 16.00% 18.17% 15.58%
Bandhan Sterling 20-10-2016
Value Fund1 Tier 2: S&P BSE 400 MidSmallCap 22.23% 32.86% 30.92% 30.43% 18.26% 21.70% 18.17% 20.59%
TRI
Bandhan Multicap NIFTY 500 Multicap
2-12-2021 20.01% 21.17% NA NA NA NA NA NA
Fund 50:25:25 TRI
Bandhan Nifty Transportation and
Transportation and 27-10-2022 30.52% 30.78% NA NA NA NA NA NA
Logistics TRI
Logistics Fund
Mr. Daylynn Pinto manages 4 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Sumit Agrawal
Bandhan Large Cap 01-03-2017 S&P BSE 100 TRI 12.14% 10.10% 15.71% 18.19% 13.17% 14.76% 12.19% 13.90%
Fund2§
01-03-2017 9.75% 7.67% 9.36% 10.85% 9.31% 11.54% NA NA
Bandhan Focused 20-10-2016 S&P BSE 500 TRI 17.20% 13.44% 14.40% 20.21% 12.21% 16.00% 12.14% 15.58%
Equity Fund
20-10-2016 6.36% 7.47% 5.01% 6.42% 6.05% 8.79% 7.69% 9.39%
Mr. Sumit Agrawal manages 5 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Brijesh Shah
Bandhan Overnight 01-02-2019 NIFTY 1D Rate Index 6.53% 6.70% 4.63% 4.82% NA NA NA NA
Fund
Bandhan Money 12-07-2021 NIFTY Money Market Index A-I 6.67% 7.26% 4.41% 4.96% 5.09% 5.44% 6.27% 6.69%
Manager Fund
Bandhan Liquid Fund 01-12-2021 NIFTY Liquid Index A-I 6.92% 7.11% 4.87% 5.01% 5.07% 5.18% 6.44% 6.48%
Bandhan Balanced NIFTY 50 Hybrid Composite

16-07-2022 9.75% 7.67% 9.36% 10.85% 9.31% 11.54% NA NA
Advantage Fund debt 50:50 Index
Mr. Brijesh Shah manages 5 schemes of Bandhan Mutual Fund. (Bandhan Money Manager Fund was being managed by Harshal Joshi upto November 30, 2021.)
Fund Manager Name: Ms. Ritika Behera w.e.f. October 07, 2023
Russell 1000 Growth Index
Bandhan US Equity 07-10-2023 (Total Return Net of 30% 25.11% 28.88% NA NA NA NA NA NA
Fund of Fund withholding tax)
Ms. Ritika Behera manages 1 scheme of Bandhan Mutual Fund and manages overseas investment portion of Equity & Hybrid schemes.
Fund Manager Name: Mr. Rahul Agarwal
Bandhan Core Equity 28-08-2023 NIFTY LargeMidcap 250 TRI 24.37% 19.92% 24.08% 23.34% 16.55% 18.00% 15.34% 18.05%
Fund
Mr. Rahul Agarwal manages 1 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Debraj Lahiri
Tier 1: NIFTY Credit Risk Bond 5.49% 9.57% 4.21% 8.10% 5.87% 9.05% NA NA
Index C-III
Bandhan Credit Risk 16-07-2023 Tier 2: 65% NIFTY AA Short Du-
Fund
ration Bond Index +35% NIFTY 5.49% 7.94% 4.21% 6.85% 5.87% 7.58% NA NA
AAA Short Duration Bond Index
Mr. Debraj Lahiri manages 1 scheme of Bandhan Mutual Fund. (Mr. Debraj is managing Bandhan Credit Risk Fund w.e.f 17th April 2023.)
Performance based on NAV as on 30/11/2023 Past Performance may or may not be sustained in future. The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different
expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
1
The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018. 2The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 2017
5
The fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of Bandhan Mutual Funds. 7The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.
8
The fund is repositioned w.e.f. May 28, 2018 §Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index (Benchmark)
¥
Current Index performance adjusted for the period from since inception to April 30, 2018 with the performance of CRISIL Liquid Fund Index (Benchmark)
ß
Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of I-Sec Si Bex (Benchmark)
Bandhan US Treasury Bond 0-1 year Fund of Fund is managed by Mr. Sreejith Balasubramanian (Overseas portion) & Mr. Brijesh Shah (Debt portion) ( w.e.f. 28 March 2023). The scheme has been in existence for less than 1 year,
hence performance has not been disclosed.
Bandhan Financial Services Fund is managed by Mr. Sumit Agarwal and Mr. Manish Gunwani (equity portion) and Mr. Harshal Joshi (debt portion) w.e.f. 28th July 2023. Ms. Ritika Behera (will be managing overseas investment
portion of the scheme.) The scheme has been in existence for less than 1 year, hence performance has not been disclosed.
Ms. Ritika Behera will be managing for Equity overseas investment portion of the scheme w.e.f. October 07, 2023. Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in
equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07, 2023.
70
Performance Table

Fund Manager Name: Mr. Suyash Choudhary
Tier 1: NIFTY Short Duration 6.35% 6.81% 4.08% 4.53% 6.44% 6.57% 7.13% 7.34%
Bandhan Bond Fund – Debt Index A-II
11-03-2011
Short Term Plan€ Tier 2: NIFTY AAA Short Dura- 6.35% 6.58% 4.08% 4.38% 6.44% 7.09% 7.13% 7.65%
tion Bond Index
Tier 1: NIFTY Medium Duration 5.56% 6.14% 3.11% 4.04% 5.92% 7.39% 6.88% 7.87%
Bandhan Bond Fund – Debt Index A-III
15-09-2015
Medium Term Plan Tier 2: NIFTY AAA Medium 5.56% 6.12% 3.11% 4.03% 5.92% 7.53% 6.88% 7.98%
Duration Bond Index
Bandhan Bond Fund – NIFTY Medium to Long Duration
15-10-2010 4.87% 6.28% 2.38% 3.96% 5.97% 7.39% 7.14% 7.85%
Income Plan Debt Index A- III
Bandhan Dynamic NIFTY Composite Debt Index
15-10-2010 5.18% 6.47% 2.75% 4.11% 6.55% 7.29% 7.55% 7.86%
Bond Fund A-III
Bandhan Government
Securities Fund – 15-10-2010 CRISIL Dynamic Gilt Index 5.54% 6.61% 3.08% 3.94% 7.44% 7.06% 8.15% 8.02%
Investment Plan
Bandhan Banking & NIFTY Banking & PSU
28-07-2021 6.53% 6.55% 4.38% 4.51% 7.23% 6.83% 7.43% 7.48%
PSU Debt Fund Debt Index
Tier 1: NIFTY Corporate Bond 6.75% 7.21% 4.26% 5.56% 6.64% 7.59% NA NA
Bandhan Corporate Index B-III
28-07-2021
Bond Fund Tier 2: NIFTY AAA Short Dura- 6.75% 6.58% 4.26% 4.38% 6.64% 7.09% NA NA
tion Bond Index
Bandhan Floating 28-07-2021 NIFTY Low Duration Debt Index 6.58% 7.55% NA NA NA NA NA NA
Rate Fund
Mr. Suyash Choudhary manages 8 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Nemish Sheth
Bandhan Arbitrage 01-11-2021 Nifty 50 Arbitrage Index** 7.18% 7.87% 4.81% 5.31% 4.88% 4.95% 5.89% 5.71%
Fund
Savings Fund3¥
Bandhan S&P BSE
Sensex ETF (BSE scrip 01-11-2021 S&P BSE Sensex TRI 7.18% 7.59% 15.70% 16.27% 14.02% 14.46% NA NA
code: 540154)
Bandhan Nifty 50
ETF (NSE scrip code: 01-11-2021 Nifty 50 TRI 8.40% 8.47% 16.83% 17.12% 14.18% 14.45% NA NA
IDFNIFTYET)
Bandhan Nifty 50 1-03-2022 Nifty 50 TRI 7.78% 8.47% 16.36% 17.12% 13.92% 14.45% 13.41% 13.91%
Index Fund
Bandhan Nifty 100 24-02-2022 Nifty 100 TRI 7.16% 7.83% NA NA NA NA NA NA
Index Fund
Bandhan Nifty200
Momentum 30 Index 02-09-2022 Nifty200 Momentum 30 TRI 22.72% 24.59% NA NA NA NA NA NA
Fund
Bandhan Nifty100
Low Volatility 30 06-10-2022 Nifty100 Low Volatility 30 TRI 14.86% 16.73% NA NA NA NA NA NA
Index Fund
Mr. Nemish Sheth manages 10 schemes of Bandhan Mutual Fund.
Fund Manager Name: Mr. Gautam Kaul
Bandhan Banking & NIFTY Banking & PSU Debt
01-12-2021 6.53% 6.55% 4.38% 4.51% 7.23% 6.83% 7.43% 7.48%
PSU Debt Fund Index
Tier 1: NIFTY Corporate Bond 6.75% 7.21% 4.26% 5.56% 6.64% 7.59% NA NA
Bandhan Corporate Index B-III
01-12-2021
Bond Fund Tier 2: NIFTY AAA Short Dura- 6.75% 6.58% 4.26% 4.38% 6.64% 7.09% NA NA
tion Bond Index
Bandhan Money 01-12-2021 NIFTY Money Market Index A-I 6.67% 7.26% 4.41% 4.96% 5.09% 5.44% 6.27% 6.69%
Manager Fund
Bandhan CRISIL IBX
Gilt June 2027 Index 01-12-2021 CRISIL-IBX Gilt Index - June 2027 6.46% 6.91% NA NA NA NA NA NA
Fund
Bandhan CRISIL IBX
Gilt April 2028 Index 01-12-2021 CRISIL-IBX Gilt Index - April 2028 6.56% 7.01% NA NA NA NA NA NA
Fund
Tier 1: NIFTY Credit Risk Bond 5.49% 9.57% 4.21% 8.10% 5.87% 9.05% NA NA
Index C-III
Bandhan Credit Risk 16-07-2022 Tier 2: 65% NIFTY AA Short Du-
Fund
ration Bond Index +35% NIFTY 5.49% 7.94% 4.21% 6.85% 5.87% 7.58% NA NA
AAA Short Duration Bond Index
Bandhan CRISIL IBX
Gilt April 2026 Index 20-10-2022 CRISIL IBX Gilt Index - April 2026 6.37% 6.76% NA NA NA NA NA NA
Fund
Bandhan CRISIL IBX CRISIL IBX 90:10 SDL plus Gilt
90:10 SDL Plus Gilt - 29-11-2022 6.63% 7.21% NA NA NA NA NA NA
Index– April 2032
April 2032 Index Fund
Bandhan CRISIL IBX
17-11-2022 6.52% 6.90% NA NA NA NA NA NA
November 2026 Index Index–November 2026
Fund
Bandhan CRISIL IBX
90:10 SDL Plus Gilt CRISIL IBX 90:10 SDL plus Gilt
24-11-2022 6.47% 6.87% NA NA NA NA NA NA
- September 2027 Index–September 2027
Index Fund
Mr. Gautam Kaul manages 11 schemes of Bandhan Mutual Fund.
Performance based on NAV as on 30/11/2023 Past Performance may or may not be sustained in future. The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different
expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. **The benchmark has been changed from CRISIL Liquid Fund Index to Nifty 50 Arbitrage
Index w.e.f. April 01, 2018. 3The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018. ¥Current Index performance adjusted for the period from since inception to April 30,
2018 with the performance of CRISIL Liquid Fund Index (Benchmark). §Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index
(Benchmark). Bandhan CRISIL IBX Gilt April 2032 Index Fund is managed by Mr. Harshal Joshi & Mr. Gautam Kaul w.e.f. 15th February 2023. The scheme has been in existence for less than 1 year, hence performance has
not been disclosed. Bandhan US Treasury Bond 0-1 year Fund of Fund is managed by Mr. Sreejith Balasubramanian (Overseas portion) & Mr. Brijesh Shah (Debt portion) ( w.e.f. 28 March 2023). The scheme has been in
existence for less than 1 year, hence performance has not been disclosed. Bandhan Nifty IT Index Fund and Bandhan Nifty Alpha 50 Index Fund is managed by Mr. Nemish Sheth w.e.f. 30th November 2023. The scheme
has been in existence for less than 1 year, hence performance has not been disclosed. Bandhan Retirement Fund is managed by Mr. Viraj Kulkarni (equity portion) and Mr. Gautam Kaul (debt portion) w.e.f. 28th July 2023.
Ms. Ritika Behera (will be managing overseas investment portion of the scheme.) The scheme has been in existence for less than 1 year, hence performance has not been disclosed. Ms. Ritika Behera will be managing
for Equity overseas investment portion of the scheme w.e.f. October 07, 2023. Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity
oriented schemes and hybrid schemes of Bandhan Mutual Fund (“the Fund”) with effect from October 07, 2023.
Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
The Disclosures of opinions/in house views/strategy incorporated herein is provided solely to enhance the transparency about the investment strategy / theme of the Scheme and should not be treated as endorsement of the
views / opinions or as an investment advice. This document should not be construed as a research report or a recommendation to buy or sell any security. This document has been prepared on the basis of information, which is
already available in publicly accessible media or developed through analysis of Bandhan Mutual Fund. The information/ views / opinions provided is for informative purpose only and may have ceased to be current by the time it
may reach the recipient, which should be taken into account before interpreting this document. The recipient should note and understand that the information provided above may not contain all the material aspects relevant
for making an investment decision and the security may or may not continue to form part of the scheme’s portfolio in future. Investors are advised to consult their own investment advisor before making any investment decision
in light of their risk appetite, investment goals and horizon. The decision of the Investment Manager may not always be profitable; as such decisions are based on the prevailing market conditions and the understanding of the
Investment Manager. Actual market movements may vary from the anticipated trends. This information is subject to change without any prior notice. The Company reserves the right to make modifications and alterations to
this statement as may be required from time to time. Neither Bandhan Mutual Fund (formerly known as IDFC Mutual Fund)/ Bandhan Mutual Fund Trustee Limited (formerly IDFC AMC Trustee Company Limited) / Bandhan AMC
Limited (formerly IDFC Asset Management Company Limited), its Directors or representatives shall be liable for any damages whether direct or indirect, incidental, punitive special or consequential including lost revenue or lost
profits that may arise from or in connection with the use of the information.
71
Product Suitability
ICRA Credit Risk Rating

Bandhan MMF, Bandhan BF-ST, BF-MT, Bandhan CBF, Bandhan BF-IP, Bandhan DBF : “Credit Risk Rating AAAmfs” - The Fund carries the lowest credit risk, similar to that associated with long-term debt
obligations rated in the highest credit- quality category.
Bandhan Liquid fund, Bandhan LDF: “Credit Risk Rating A1+mfs” - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk
in the short term and are similar to that of fixed income obligations of highest credit- quality category with maturity of upto one year. This rating should however, not be
construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns.
Source: ICRA Ltd.
FITCH Credit Quality Rating
Bandhan Liquid fund: “IND A1+ mfs” - Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made.
CARE Credit Quality Rating
Bandhan Overnight Fund: “CARE A1+ mfs”- Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that
they have made.
This product is suitable for investors who

Scheme Names Scheme risk-o-meter Benchmark risk-o-meter
are seeking*
Bandhan Fixed Term Plan Series 179

(3652 days) Regular fixed income over medium term
Close-ended debt scheme with tenure Investments in debt/money market instruments
3,652 days
Investors understand that their principal will be CRISIL Composite Bond Index
at Moderate risk
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
SIP Performance
Monthly SIP of `10,000
Since Inception
Bandhan Core Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Aug 09, 2005
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 22,00,000
Total Value as on November 30, 2023 (`) 1,44,222 4,99,124 10,36,466 15,71,483 27,32,265 82,81,564
Fund Returns (%) 39.57 22.44 22.04 17.58 15.71 12.99
Total Value of NIFTY LargeMidcap 250 TRI# 1,40,828 4,81,230 10,33,405 16,13,364 29,21,615 1,04,92,800
NIFTY LargeMidcap 250 TRI (%)# 33.80 19.81 21.92 18.32 16.96 15.13
Total Value of Nifty 50 TRI## 1,31,064 4,37,271 8,97,678 14,20,893 24,57,060 79,80,201
Nifty 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 12.65
Since Inception
Bandhan Sterling Value Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 07, 2008
Fund Returns (%) 30.96 22.48 25.58 19.60 17.50 17.44
Total Value of Tier 1: S&P BSE 500 TRI# 1,36,295 4,57,061 9,58,228 14,96,942 26,32,297 64,36,685
Tier 1: S&P BSE 500 TRI (%)# 26.19 16.15 18.80 16.22 15.02 14.18
Total Value of Tier 2: S&P BSE 400 MidSmallCap TRI# 1,50,404 5,28,541 11,99,772 18,13,921 33,04,275 84,86,724
Tier 2: S&P BSE 400 MidSmallCap TRI (%)# 50.27 26.63 28.15 21.62 19.24 17.17
Nifty 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 13.08
Since Inception
Bandhan Corporate Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jan 12, 2016
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 9,50,000
Total Value as on November 30, 2023 (`) 1,24,342 3,88,657 6,92,320 10,43,742 NA 12,23,809
Fund Returns (%) 6.80 5.05 5.67 6.11 NA 6.28
Total Value of Tier 1: NIFTY Corporate Bond Index B-III# 1,24,537 3,94,427 7,10,946 10,78,768 NA 12,67,105
Tier 1: NIFTY Corporate Bond Index B-III Returns (%)# 7.11 6.03 6.73 7.04 NA 7.14
Total Value of Tier 2: NIFTY AAA Short Duration Bond Index# 1,24,203 3,89,193 6,95,516 10,53,576 NA 12,36,204
Tier 2: NIFTY AAA Short Duration Bond Index Returns (%)# 6.58 5.14 5.85 6.38 NA 6.53
Total Value of CRISIL 10 Year Gilt Index## 1,23,712 3,83,883 6,70,896 10,02,348 NA 11,68,932
CRISIL 10 Year Gilt Index Returns (%)## 5.80 4.22 4.42 4.98 NA 5.15
Since Inception
Bandhan Flexi Cap Fund -Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Sep 28, 2005
Total Value as on November 30, 2023 (`) 1,36,188 4,45,521 8,84,947 13,23,735 22,48,320 1,03,27,290
Fund Returns (%) 26.02 14.36 15.55 12.77 12.07 15.11
Total Value of S&P BSE 500 TRI# 1,36,295 4,57,061 9,58,228 14,96,942 26,32,297 86,44,578
S&P BSE 500 TRI (%)# 26.19 16.15 18.80 16.22 15.02 13.49
Nifty 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 12.62
Past performance may or may not be sustained in future. Income Distribution and Capital Withdrawal are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate
the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the
transactions. The performances given are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses,
commission expenses etc. #Benchmark Returns. ##Additional Benchmark Returns. Data as on November 30, 2023.
72
SIP Performance
Since Inception
Bandhan Focused Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 16, 2006
Fund Returns (%) 28.48 13.57 14.77 12.28 11.73 10.82
S&P BSE 500 TRI (%)# 26.19 16.15 18.80 16.22 15.02 13.48
Nifty 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 12.55
Since Inception
Bandhan Large Cap Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jun 09, 2006
Fund Returns (%) 21.95 12.48 14.85 13.10 12.11 11.09
S&P BSE 100 TRI (%)# 20.12 14.12 16.93 15.13 14.08 12.94
Nifty 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 12.59
Since Inception
Bandhan Midcap Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Aug 18, 2022
Total Amount Invested (`) 1,20,000 NA NA NA NA 1,60,000
Total Value as on November 30, 2023 (`) 1,48,054 NA NA NA NA 2,00,220
Fund Returns (%) 46.18 NA NA NA NA 36.33
Total Value of S&P BSE Midcap 150 TRI# 1,49,163 NA NA NA NA 2,03,330
Nifty 100 TRI (%)# 48.10 NA NA NA NA 39.17
Total Value of Nifty 50 TRI## 1,31,064 NA NA NA NA 1,77,309
Nifty 50 TRI (%)## 17.59 NA NA NA NA 15.53
Bandhan Bond Fund – Medium Term Plan - Since Inception

1 Year 3 Years 5 Years 7 Years 10 Years
Regular Plan - Growth July 08, 2003
Fund Returns (%) 5.14 3.91 4.58 5.25 5.95 7.12
Total Value of Tier 1: NIFTY Medium Duration Debt Index A-III# 1,23,982 3,87,004 6,95,061 10,52,509 17,16,894 56,94,451
Tier 1: NIFTY Medium Duration Debt Index A-III Returns (%)# 6.23 4.76 5.83 6.35 6.97 7.61
Total Value of Tier 2: NIFTY AAA Medium Duration Bond Index# 1,24,026 3,86,868 6,96,719 10,56,130 17,26,320 58,15,042
Tier 2: NIFTY AAA Medium Duration Bond Index Returns (%)# 6.30 4.74 5.92 6.44 7.07 7.78
Total Value of CRISIL 10 Year Gilt Index## 1,23,712 3,83,883 6,70,896 10,02,348 16,10,346 47,51,814
CRISIL 10 Year Gilt Index Returns (%)## 5.80 4.22 4.42 4.98 5.74 6.06
Bandhan Bond Fund – Income Plan - Since Inception

Regular Plan - Growth Jul 14, 2000
Fund Returns (%) 3.97 3.24 4.12 4.96 5.88 7.13
Total Value of NIFTY Medium to Long Duration
1,23,792 3,87,593 6,93,314 10,48,615 17,06,893 NA
Debt Index A- III#
NIFTY Medium to Long Duration Debt Index A- III Returns (%)# 5.93 4.86 5.73 6.24 6.85 NA
Total Value of CRISIL 10 Year Gilt Index## 1,23,712 3,83,883 6,70,896 10,02,348 16,10,346 NA
CRISIL 10 Year Gilt Index Returns (%)## 5.80 4.22 4.42 4.98 5.74 NA
Since Inception
Bandhan Dynamic Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years June 25, 2002
Fund Returns (%) 4.17 3.54 4.60 5.46 6.35 7.18
Total Value of NIFTY Composite Debt Index A-III# 1,23,959 3,88,466 6,94,398 10,52,854 17,15,489 32,29,779
NIFTY Composite Debt Index A-III Returns (%)# 6.19 5.01 5.79 6.36 6.95 7.39
Since Inception
Bandhan Midcap Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Aug 18, 2022
Total Value of S&P BSE Midcap 150 TRI# 1,49,163 NA NA NA NA 2,03,330
Nifty 50 TRI (%)## 17.59 NA NA NA NA 15.53
Since Inception
Bandhan Nifty 50 Index Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Apr 30, 2010
Fund Returns (%) 16.87 12.41 15.51 14.21 13.22 12.73
Total Value of Nifty 50 TRI# 1,31,064 4,37,271 8,97,678 14,20,893 24,57,060 43,18,402
Nifty 50 TRI (%)# 17.59 13.06 16.13 14.76 13.73 13.19
73
SIP Performance
Since Inception
Bandhan Small Cap Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 25, 2020
Total Amount Invested (`) 1,20,000 3,60,000 NA NA NA 4,70,000
Total Value as on November 30, 2023 (`) 1,57,342 5,33,561 NA NA NA 8,40,414
Fund Returns (%) 62.54 27.33 NA NA NA 32.04
Total Value of S&P BSE 250 SmallCap TRI# 1,52,918 5,39,650 NA NA NA 8,67,288
S&P BSE 250 SmallCap TRI (%) 54.69 28.17 NA NA NA 33.89
Total Value of Nifty 50 TRI## 1,31,064 4,37,271 NA NA NA 6,47,680
Nifty 50 TRI (%)## 17.59 13.06 NA NA NA 17.22
Bandhan Government Securities Fund - Investment Plan - Since Inception

Regular Plan - Growth March 09, 2002
Fund Returns (%) 4.53 3.89 5.08 6.10 6.98 7.80
Total Value of CRISIL Dynamic Gilt Index# 1,23,630 3,88,456 6,90,283 10,44,504 17,05,543 32,01,418
CRISIL Dynamic Gilt Index Returns (%)# 5.67 5.01 5.55 6.13 6.84 7.28
Since Inception
Bandhan Infrastructure Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 08, 2011
Fund Returns (%) 51.60 29.29 27.92 20.00 16.92 14.97
Total Values of S&P BSE India Infrastructure TRI# 1,58,684 5,82,567 12,62,712 18,03,356 29,27,309 44,23,329
S&P BSE India Infrastructure TRI (%)# 64.95 33.94 30.31 21.46 16.99 15.50
Nifty 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 13.55
Since Inception
Bandhan ELSS Tax saver Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 26, 2008
Fund Returns (%) 28.07 19.37 22.73 18.53 16.90 16.74
S&P BSE 500 TRI (%)# 26.19 16.15 18.80 16.22 15.02 14.41
Total Value of NIFTY 50 TRI## 1,31,064 4,37,271 8,97,678 14,20,893 24,57,060 53,00,909
NIFTY 50 TRI (%)## 17.59 13.06 16.13 14.76 13.73 13.26
Since Inception
Bandhan Arbitrage Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 21, 2006
Fund Returns (%) 7.07 5.58 4.98 5.05 5.31 6.09
Total Value of Nifty 50 Arbitrage Index# 1,25,055 3,94,671 6,84,670 10,05,591 15,64,329 NA
Nifty 50 Arbitrage Index Returns (%)# 7.93 6.07 5.23 5.07 5.18 NA
Total Value of CRISIL 1 Year T-Bill## 1,24,473 3,91,343 6,85,113 10,22,099 16,23,145 35,59,445
CRISIL 1 Year T-Bill (%)## 7.01 5.51 5.25 5.53 5.89 6.20
Since Inception
Bandhan Equity Savings Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jun 09, 2008
Fund Returns (%) 8.88 6.64 7.52 6.93 6.61 6.72
Total Value of CRISIL Equity Savings Index# 1,26,966 4,11,897 7,75,551 11,99,550 20,08,627 NA
CRISIL Equity Savings Index Returns (%)# 10.97 8.96 10.21 10.01 9.95 NA
CRISIL 10 Year Gilt Index (%)## 5.80 4.22 4.42 4.98 5.74 6.07
Bandhan Government Securities Fund - Constant Maturity Plan Since Inception

- Regular Plan - Growth March 09, 2002
Fund Returns (%) 5.32 4.19 5.13 6.59 7.49 7.13
Total Value of CRISIL 10 year Gilt Index# 1,23,712 3,83,883 6,70,896 10,02,348 16,10,346 53,06,756
CRISIL 10 year Gilt Index Returns (%)# 5.80 4.22 4.42 4.98 5.74 6.06
Total Value of CRISIL 1 Year T-Bill Index## 1,24,473 3,91,343 6,85,113 10,22,099 16,23,146 53,23,674
CRISIL 1 Year T-Bill Index Returns (%)## 7.01 5.51 5.25 5.53 5.89 6.08
74
SIP Performance
Since Inception
Bandhan Balanced Advantage Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Oct 10, 2014
Fund Returns (%) 15.09 8.49 9.76 9.11 NA 8.63
Total Value of NIFTY 50 Hybrid Composite debt 50:50 Index# 1,27,544 4,13,872 7,98,442 12,46,473 NA 18,36,021
NIFTY 50 Hybrid Composite debt 50:50 Index Returns (%)# 11.90 9.28 11.38 11.09 NA 10.83
Total Value of Nifty 50 TRI## 1,31,064 4,37,243 8,98,117 14,21,251 NA 21,24,666
Nifty 50 TRI (%)## 17.59 13.06 16.15 14.77 NA 13.86
Since Inception
Bandhan Hybrid Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 30, 2016
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 NA NA 8,40,000
Total Value as on November 30, 2023 (`) 1,31,910 4,31,222 8,60,603 NA NA 12,86,324
Fund Returns (%) 18.97 12.10 14.42 NA NA 11.97
Total Value of CRISIL Hybrid 35+65 Aggressive Index#$ 1,30,822 4,28,274 8,49,329 NA NA 13,27,192
CRISIL Hybrid 35+65 Aggressive Index Returns (%)# 17.19 11.63 13.88 NA NA 12.85
Total Value of Nifty 50## 1,31,064 4,37,243 8,98,117 NA NA 14,20,917
Nifty 50 TRI (%)## 17.59 13.06 16.15 NA NA 14.76
Since Inception
Bandhan All Seasons Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Sep 13, 2004
Fund Returns (%) 6.06 4.91 5.53 6.09 6.60 7.27
Total Value of NIFTY Medium Duration Debt Index A-III# 1,23,982 3,87,004 6,95,061 10,52,509 17,16,894 51,27,487
NIFTY Medium Duration Debt Index A-III (%)# 6.23 4.76 5.83 6.35 6.97 7.67
Total Value of Nifty Short Duration Index## 1,24,371 3,91,498 6,97,649 10,54,163 17,06,775 50,95,968
Nifty Short Duration Index (%)## 6.84 5.53 5.97 6.39 6.85 7.61
Since Inception
Bandhan Liquid Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years July 02, 2001
Fund Returns (%) 6.96 5.73 5.12 5.28 5.71 6.51
Total Value of NIFTY Liquid Index A-I# 1,24,553 3,93,593 6,85,151 10,16,884 16,14,216 31,85,914
NIFTY Liquid Index A-I Returns (%)# 7.13 5.89 5.25 5.38 5.78 6.59
Bandhan Asset Allocation Fund of Fund - Conservative Plan Since Inception

Regular Plan - Growth Feb 11, 2010
Fund Returns (%) 9.97 6.65 6.94 6.72 7.08 7.66
Total Value of CRISIL Hybrid 85+15 Conservative Index# 1,25,514 3,98,224 7,29,346 11,15,860 18,54,282 31,30,820
CRISIL Hybrid 85+15 Conservative Index (%)# 8.66 6.67 7.75 7.99 8.43 8.69
Since Inception
Bandhan Regular Savings Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 25, 2010
Fund Returns (%) 8.49 4.96 5.60 5.59 6.20 7.09
Total Value of CRISIL Hybrid 85+15 Conservative Index# 1,25,514 3,98,224 7,29,346 11,15,860 18,54,282 31,30,769
CRISIL Hybrid 85+15 Conservative Index Returns (%) 8.66 6.67 7.75 7.99 8.43 8.69
75
SIP Performance
Bandhan Asset Allocation Fund of Fund - Moderate Plan Since Inception

Fund Returns (%) 15.36 9.15 9.64 8.61 8.50 8.85
Total Value of NIFTY 50 Hybrid Composite debt 50:50 Index# 1,27,544 4,13,872 7,98,442 12,46,473 21,09,475 36,66,905
NIFTY 50 Hybrid Composite debt 50:50 Index (%)# 11.90 9.28 11.38 11.09 10.87 10.75
Since Inception
Bandhan Ultra Short Term Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years July 18, 2018
Total Value of NIFTY Ultra Short Duration Debt Index A-I# 1,24,714 3,94,504 6,91,504 NA NA 7,59,210
NIFTY Ultra Short Duration Debt Index A-I Returns (%)# 7.39 6.04 5.62 NA NA 5.68
Total Value of CRISIL 1 Year T-Bill Index## 1,24,473 3,91,343 6,85,113 NA NA 7,52,211
CRISIL 1 Year T-Bill Index Returns (%)## 7.01 5.51 5.25 NA NA 5.34
Since Inception
Bandhan Low Duration Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jan 17, 2006
Fund Returns (%) 6.76 5.47 5.42 5.79 6.33 7.14
Total Value of NIFTY Low Duration Debt Index A-I# 1,24,632 3,92,646 6,89,415 10,32,267 16,56,292 43,07,440
NIFTY Low Duration Debt Index A-I Returns (%)# 7.26 5.73 5.50 5.80 6.28 7.25
Since Inception
Bandhan Money Manager Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 18, 2003
Fund Returns (%) 6.57 5.26 4.88 5.06 5.54 6.40
Total Value of NIFTY Money Market Index A-I# 1,24,613 3,93,439 6,86,616 10,22,247 16,29,685 55,60,979
NIFTY Money Market Index A-I Returns (%)# 7.23 5.86 5.34 5.53 5.97 7.08
Since Inception
Bandhan Banking & PSU Debt Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 07, 2013
Fund Returns (%) 6.18 5.13 5.81 6.49 6.87 6.98
Total Value of NIFTY Banking & PSU Debt Index# 1,24,120 3,89,671 6,94,263 10,46,301 16,91,658 18,81,761
NIFTY Banking & PSU Debt Index Returns (%)# 6.45 5.22 5.78 6.18 6.68 6.81
Bandhan Asset Allocation Fund of Fund - Aggressive Plan Since Inception

Fund Returns (%) 20.25 11.26 12.25 10.29 9.69 9.78
Total Value of CRISIL Hybrid 35+65 Aggressive Index# 1,30,822 4,28,274 8,49,329 13,27,113 22,90,453 40,80,274
CRISIL Hybrid 35+65 Aggressive Index (%)# 17.19 11.63 13.88 12.85 12.42 12.13
Nifty 50 TRI Returns (%)## 17.59 13.06 16.15 14.77 13.73 13.14
Bandhan Bond Fund – Short Term Plan - Since Inception

Regular Plan - Growth Dec 14, 2000
Fund Returns (%) 6.14 4.87 5.35 5.88 6.40 7.22
Total Value of Tier 1: NIFTY Short Duration Debt Index A-II# 1,24,330 3,90,390 6,92,272 10,43,280 16,84,665 NA
Tier 1: NIFTY Short Duration Debt Index A-II Returns (%)# 6.78 5.34 5.67 6.10 6.60 NA
Total Value of Tier 2: NIFTY AAA Short Duration Bond Index# 1,24,203 3,89,193 6,95,516 10,53,576 17,10,908 NA
Tier 2: NIFTY AAA Short Duration Bond Index Returns (%)# 6.58 5.14 5.85 6.38 6.90 NA
Total Value of CRISIL 10 Year Gilt Index## 1,23,712 3,83,883 6,70,896 10,02,348 16,10,346 NA
CRISIL 10 Year Gilt Index Returns (%)## 5.80 4.22 4.42 4.98 5.74 NA
76
SIP Performance
Since Inception
Bandhan Overnight Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jan 18, 2019
Total Amount Invested (`) 1,20,000 3,60,000 NA NA NA 5,90,000
Total Value as on November 30, 2023 (`) 1,24,235 3,90,996 NA NA NA 6,64,385
Fund Returns (%) 6.63 5.45 NA NA NA 4.78
Total Value of Nifty 1D Rate Index# 1,24,342 3,92,023 NA NA NA 6,67,346
Nifty 1D Rate Index (%)# 6.80 5.62 NA NA NA 4.96
Total Value of CRISIL 1 Year T-Bill Index## 1,24,473 3,91,343 NA NA NA 6,71,913
CRISIL 1 Year T-Bill Index (%)## 7.01 5.51 NA NA NA 5.24
Bandhan CRISIL IBX Gilt June 2027 Index Fund - Since Inception
Regular Plan - Growth Mar 23, 2021
Total Value of CRISIL Gilt 2027 Index# 1,24,270 NA NA NA NA 3,55,984
CRISIL Gilt 2027 Index Returns (%)# 6.68 NA NA NA NA 5.45
Total Value of CRISIL 10 Year Gilt Index## 1,23,712 NA NA NA NA 3,51,091
CRISIL 10 Year Gilt Index Returns (%)## 5.80 NA NA NA NA 4.45
Bandhan CRISIL IBX Gilt April 2028 Index Fund - Since Inception
Regular Plan - Growth Mar 23, 2021
Total Value of CRISIL Gilt 2028 Index# 1,24,297 NA NA NA NA 3,56,511
CRISIL Gilt 2028 Index Returns (%)# 6.73 NA NA NA NA 5.56
Since Inception
Bandhan Floating Rate Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 18, 2021
Total Value of Nifty Low Duration Debt Index# 1,24,762 NA NA NA NA 3,71,234
Nifty Low Duration Debt Index Returns (%)# 7.46 NA NA NA NA 6.15
Total Value of CRISIL 1 Year T-Bill Index## 1,24,473 NA NA NA NA 3,68,379
CRISIL 1 Year T-Bill Index Returns (%)## 7.01 NA NA NA NA 5.60
Since Inception
Bandhan US Equity Fund of Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Aug 20, 2021
Total Value of Russell 1000 TR Index# 1,41,425 NA NA NA NA 3,37,408
Russell 1000 TR Index Returns (%)# 34.83 NA NA NA NA 16.30
Nifty 50 TRI Returns (%)## 17.56 NA NA NA NA 12.18
Since Inception
Bandhan Multicap Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 02, 2021
Total Value of NIFTY 500 Multicap 50:25:25 TRI# 1,42,355 NA NA NA NA 3,12,784
NIFTY 500 Multicap 50:25:25 TRI (%)# 36.39 NA NA NA NA 22.31
Since Inception
Bandhan Nifty 50 ETF - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Oct 07, 2016
Fund Returns (%) 17.50 12.91 15.86 14.51 NA 14.46
Total Value of Nifty 50 TRI# 1,31,064 4,37,271 8,97,678 14,20,893 NA 14,71,584
Nifty 50 TRI (%)# 17.59 13.06 16.13 14.76 NA 14.71
Bandhan Credit Risk Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception
Mar 03, 2017
Total Value of Tier 1: NIFTY Credit Risk Bond Index C-III# 1,26,009 4,08,998 7,46,746 NA NA 10,90,321
Tier 1: NIFTY Credit Risk Bond Index C-III Returns (%)# 9.44 8.48 8.69 NA NA 8.68
Total Value of Tier 2: 65% NIFTY AA Short Duration Bond Index + 35%
1,24,848 4,00,593 7,30,269 NA NA 10,63,875
NIFTY AAA Short Duration Bond Index#
Tier 2: 65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short
7.60 7.07 7.80 NA NA 7.96
Duration Bond Index Returns (%)#
Total Value of CRISIL 10 Year Gilt Index## 1,23,712 3,83,883 6,70,896 NA NA 9,61,091
CRISIL 10 Year Gilt Index Returns (%)## 5.80 4.22 4.42 NA NA 5.00
Past performance may or may not be sustained in future. Income Distribution and Capital Withdrawal are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of
SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR
helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. The performances given are of regular plan
growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. #Benchmark Returns. ##Additional Benchmark
Returns. Data as on November 30, 2023.
77
SIP Performance
Bandhan Crisil IBX Gilt April 2026 Index Fund - Since Inception
Regular Plan - Growth October 20, 2022
Total Value of CRISIL IBX Gilt Index - April 2026 Index# 1,24,260 NA NA NA NA 1,35,059
CRISIL IBX Gilt Index - April 2026 Index (%)# 6.67 NA NA NA NA 6.77
Bandhan CRISIL IBX 90:10 SDL Plus Gilt Since Inception

April 2032 Index Fund - Regular Plan - Growth November 29, 2022
Total Value of CRISIL IBX 90:10 SDL plus Gilt Index – April 2032# 1,23,670 NA NA NA NA 1,23,670
CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 (%)# 5.74 NA NA NA NA 5.74
Bandhan CRISIL IBX 90:10 SDL Plus Gilt November 2026 Since Inception
Index Fund - Regular Plan - Growth November 17, 2022
Total Value of CRISIL IBX 90:10 SDL plus Gilt Index – November 2026# 1,24,223 NA NA NA NA 1,24,223
CRISIL IBX 90:10 SDL plus Gilt Index – November 2026 (%)# 6.61 NA NA NA NA 6.61
Bandhan CRISIL IBX 90:10 SDL Plus Gilt September 2027 Since Inception
Index Fund - Regular Plan - Growth November 24, 2022
Total Value of CRISIL IBX 90:10 SDL plus Gilt Index – September 2027# 1,24,007 NA NA NA NA 1,24,007
CRISIL IBX 90:10 SDL plus Gilt Index – September 2027 (%)# 6.27 NA NA NA NA 6.27
Since Inception
Bandhan Nifty 100 Index Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 24, 2022
Total Value of Nifty 100 TRI# 1,31,915 NA NA NA NA 2,51,240
Past performance may or may not be sustained in future. Income Distribution and Capital Withdrawal are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of
SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR
helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. The performances given are of regular plan
growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. #Benchmark Returns. ##Additional Benchmark
Returns. Data as on November 30, 2023.
Income Distribution and Capital Withdrawal History

Last 3 Gross IDCW* (`/unit) :
Date Plan Freq IDCW* NAV Date Plan Freq IDCW* NAV Date Plan Freq IDCW* NAV
Bandhan Core Equity Fund Bandhan Large Cap Fund Bandhan Flexi Cap Fund
28-July-23 Regular Plan 1.23 22.5050 28-July-23 Regular Plan 1.11 19.8640 30-Jun-23 Regular Plan 2.32 42.7850
28-July-22 Regular Plan 0.92 18.9200 28-Jul-22 Regular Plan 0.88 18.1400 29-Jun-22 Regular Plan 1.78 36.8300
22-July-21 Regular Plan 0.95 19.1100 22-July-21 Regular Plan 0.89 17.8600 29-Jun-21 Regular Plan 1.96 39.4800
16-Mar-20 Regular Plan 1.03 12.0100 16-Mar-20 Regular Plan 1.04 12.1800 20-Mar-20 Regular Plan 1.39 25.5900
14-Mar-19 Regular Plan 0.09 15.4200 19-Mar-19 Regular Plan 0.87 15.1200 1-Mar-19 Regular Plan 1.89 32.2300
Bandhan Sterling Value Fund Bandhan Asset Allocation Fund of Fund - MP
Bandhan ELSS Tax saver Fund
30-Aug-23 Regular Plan 1.98 35.9250 27-Sep-23 Reg Plan IDCW* 0.2444 19.4972
28-July-23 Regular Plan 1.69 30.7750
29-Aug-22 Regular Plan 1.57 30.7750 30-Jun-23 Reg Plan IDCW* 0.2387 19.2656
26-Aug-21 Regular Plan 1.46 28.4600 29-Mar-23 Reg Plan IDCW* 0.2238 17.8992
Bandhan Asset Allocation Fund of Fund - CP Bandhan Asset Allocation Fund of Fund - AP
27-Mar-19 Regular Plan 0.42 16.7300
27-Sep-23 Reg Plan IDCW* 0.2044 16.3376 27-Sep-23 Reg Plan IDCW* 0.2735 21.7843
27-Sep-18 Regular Plan 0.48 16.8600
30-Jun-23 Reg Plan IDCW* 0.2019 16.2513 30-Jun-23 Reg Plan IDCW* 0.2632 21.3274
Bandhan Regular Savings Fund
29-Mar-23 Reg Plan IDCW* 0.1951 15.6307 29-Mar-23 Reg Plan IDCW* 0.2406 19.2144
29-Nov-23 Reg Plan IDCW* 0.0573 13.7377
Bandhan Focused Equity Fund
30-Oct-23 Reg Plan IDCW* 0.0569 13.3392
27-Sep-23 Reg Plan IDCW* 0.0574 13.6424
27-Sep-23 Reg Plan Quarterly 0.1686 13.4623
30-Jun-23 Reg Plan Quarterly 0.1681 13.4595
29-Mar-23 Reg Plan Quarterly 0.1625 13.0223
78
Income Distribution and Capital Withdrawal History
Last 3 Gross IDCW* (`/unit) :
Date Plan Freq IDCW* NAV Date Plan Freq IDCW* NAV Date Plan Freq IDCW* NAV
Bandhan Balanced Advantage Fund Bandhan Liquid Fund
Bandhan Low Duration Fund
27-Sep-23 Reg Plan IDCW* 0.17 13.5250 29-Nov-23 Reg Plan Monthly 5.5912 1005.9213
29-Nov-23 Reg Plan Monthly 0.0573 10.1596
29-Mar-23 Reg Plan IDCW* 0.15 12.2940 30-Oct-23 Reg Plan Monthly 6.1456 1006.4757
30-Oct-23 Reg Plan Monthly 0.0497 10.1520
29-Jun-22 Reg Plan IDCW* 0.12 12.1300 27-Sep-23 Reg Plan Monthly 5.1223 1005.4524
27-Sep-23 Reg Plan Monthly 0.0468 10.1491
30-Jun-23 Reg Plan Adhoc 0.17 13.3560 24-Mar-20 Reg Plan Periodic 502.5866 1568.8403
25-Mar-21 Reg Plan Periodic 0.7162 10.7441
29-Dec-22 Reg Plan Adhoc 0.16 12.8840 12-Sep-14 Reg Plan Periodic 162.4309 1277.5068
29-Sep-22 Reg Plan Adhoc 0.13 12.7990 Bandhan Dynamic Bond Fund
12-Sep-14 Reg Plan Periodic 0.9994 11.0480
Bandhan Hybrid Equity Fund 24-Mar-20 Reg Plan - 2.5060 12.6882
27-Sep-23 Regular Plan 0.21 16.2790 22-Mar-17 Reg Plan - 1.1800 11.4289
30-Jun-23 Regular Plan 0.20 15.8490 17-Mar-16 Reg Plan - 0.4301 10.5543
29-Mar-23 Regular Plan 0.18 14.3910 27-Sep-23 Reg Plan Quarterly 0.1023 11.3281
Bandhan All Seasons Bond Fund
29-Dec-22 Regular Plan 0.19 15.1840 30-Jun-23 Reg Plan Quarterly 0.2311 11.4629
27-Sep-23 Reg Plan Half Yearly 0.0647 12.7635
09-Feb-18 Regular Plan 0.20 10.6427 29-Mar-23 Reg Plan Quarterly 0.1631 11.4183
29-Mar-23 Reg Plan Half Yearly 0.3170 12.6785
13-Nov-17 Regular Plan 0.20 10.7448 29-Mar-23 Reg Plan Annually 0.1944 11.1195
22-Aug-17 Regular Plan 0.30 10.7588 28-Mar-22 Reg Plan Annually 0.4881 11.3570
Bandhan Arbitrage Fund 24-Mar-21 Reg Plan Annually 0.8172 11.7026
29-Nov-23 Reg Plan Monthly 0.06 13.1394 27-Sep-23 Reg Plan Half Yearly 0.2915 10.7927
30-Oct-23 Reg Plan Monthly 0.06 13.1390 29-Mar-23 Reg Plan Half Yearly 0.1868 10.6938
29-Mar-23 Reg Plan Annually 0.4726 14.3029
27-Sep-23 Reg Plan Monthly 0.05 13.1061 28-Mar-22 Reg Plan Half Yearly 0.1456 10.5985
29-Mar-23 Reg Plan Annually 0.55 11.0684 25-Mar-21 Reg Plan Periodic 0.8030 11.4809
20-Mar-20 Reg Plan Annually 0.78 11.0356 25-Mar-21 Reg Plan Adhoc 0.7880 11.0625
Bandhan Money Manager Fund Bandhan Equity Savings Fund
Bandhan Corporate Bond Fund
29-Nov-23 Reg Plan Monthly 0.0520 10.3023 29-Nov-23 Reg Plan Monthly 0.06 14.4220
30-Oct-23 Reg Plan Monthly 0.0551 10.3054 30-Oct-23 Reg Plan Monthly 0.06 14.3190
27-Sep-23 Reg Plan Monthly 0.0470 10.2973 27-Sep-23 Reg Plan Monthly 0.06 14.3980
25-Mar-21 Reg Plan Periodic 0.6077 11.0608 29-Mar-23 Reg Plan Annually 0.62 12.4630
24-Mar-20 Reg Plan Periodic 4.0174 14.4544 25-Mar-22 Reg Plan Annually 0.37 12.5000
Bandhan Bond Fund – Short Term Plan 22-Mar-21 Reg Plan Annually 0.31 11.9500
30-Aug-16 Reg Plan Periodic 0.3034 10.6393
29-Nov-23 Reg Plan Monthly 0.0828 10.4372 27-Sep-23 Reg Plan Quarterly 0.16 12.5950
30-Oct-23 Reg Plan Monthly 0.0161 10.3705 30-Jun-23 Reg Plan Quarterly 0.16 12.4910
27-Sep-23 Reg Plan Monthly 0.0499 10.4043 29-Mar-23 Reg Plan Quarterly 0.15 12.0900
27-Sep-23 Reg Plan Quarterly 0.1297 10.6537 Bandhan GSF – Investment Plan
30-Jun-23 Reg Plan Quarterly 0.1986 10.7149 27-Sep-23 Reg Plan Quarterly 0.1186 11.6160
29-Mar-23 Reg Plan Half Yearly 0.3090 11.0616
29-Mar-23 Reg Plan Quarterly 0.1481 10.6631 30-Jun-23 Reg Plan Quarterly 0.2468 11.7529
29-Mar-23 Reg Plan Annually 0.3653 10.8492 29-Mar-23 Reg Plan Quarterly 0.1731 11.7022
28-Mar-22 Reg Plan Annually 0.4258 10.8820 29-Mar-23 Reg Plan Annually 0.2301 11.0843
24-Mar-21 Reg Plan Annually 0.6795 11.1330 28-Mar-22 Reg Plan Annually 0.5184 11.3135
Bandhan Banking & PSU Debt Fund 24-Mar-21 Reg Plan Annually 0.8717 11.6816
Bandhan Nifty 50 Index Fund
29-Nov-23 Reg Plan Monthly 0.0641 10.7312 24-Mar-20 Reg Plan - 2.8539 13.0966
16-Mar-20 Reg Plan IDCW* 1.67 19.3473
30-Oct-23 Reg Plan Monthly 0.0324 10.6995 22-Mar-17 Reg Plan - 1.2400 11.5375
Bandhan Floating Rate Fund
27-Sep-23 Reg Plan Monthly 0.0490 10.7161 17-Mar-16 Reg Plan - 0.3826 10.5257
27-Sep-23 Reg Plan Quarterly 0.1403 10.7568 27-Sep-23 Reg Plan Half Yearly 0.3260 11.2223
30-Jun-23 Reg Plan Quarterly 0.2061 10.8131 29-Mar-23 Reg Plan Half Yearly 0.2308 11.1355
29-Mar-23 Reg Plan Quarterly 0.1418 10.7456 28-Mar-22 Reg Plan Half Yearly 0.1621 11.0074
24-Mar-21 Reg Plan Annually 0.8783 11.8048 25-Mar-21 Reg Plan Adhoc 0.8517 11.1927
29-Mar-23 Reg Plan Annual 0.4180 10.4695
25-Mar-21 Reg Plan Adhoc 0.9969 11.3656 Bandhan GSF - Constant Maturity Plan
24-Mar-20 Reg Plan - 2.3203 12.4468 29-Nov-23 Reg Plan Monthly 0.0518 10.4561
22-Mar-17 Reg Plan - 0.7400 10.8523 27-Sep-23 Reg Plan Monthly 0.0346 10.4389
Bandhan Crisil IBX Gilt April 2026 Index Fund
17-Mar-16 Reg Plan - 0.8028 10.8927 30-Aug-23 Reg Plan Monthly 0.0432 10.4475
27-Sep-23 Reg Plan IDCW 0.52 10.6831
Bandhan Bond Fund - Medium Term Plan 27-Sep-23 Reg Plan Quarterly 0.1172 11.4098
Bandhan CRISIL IBX Gilt June 2027 Index Fund
29-Nov-23 Reg Plan Monthly 0.0766 10.2997 30-Jun-23 Reg Plan Quarterly 0.3151 11.6204
27-Sep-23 Reg Plan IDCW 0.73 10.7378
27-Sep-23 Reg Plan Monthly 0.0386 10.2617 29-Mar-23 Reg Plan Quarterly 0.1404 11.4609
29-Sep-22 Reg Plan Adhoc 0.45 10.4515
30-Aug-23 Reg Plan Monthly 0.0408 10.2639 25-Mar-21 Reg Plan Periodic 0.9393 13.6046
Bandhan CRISIL IBX Gilt April 2028 Index Fund
29-Nov-23 Reg Plan BiMonthly 0.0633 11.9665 24-Mar-20 Reg Plan Periodic 4.9277 17.4352
27-Sep-23 Reg Plan IDCW 0.76 10.7875
27-Sep-23 Reg Plan BiMonthly 0.0886 11.9662 Bandhan Credit Risk Fund
29-Sep-22 Reg Plan Adhoc 0.43 10.4590
28-Jul-23 Reg Plan BiMonthly 0.0492 11.9230 27-Sep-23 Reg Plan Quarterly 0.1245 10.4335
Bandhan Crisil IBX Gilt April 2032 Index Fund
27-Sep-23 Reg Plan Quarterly 0.1028 11.0024 30-Jun-23 Reg Plan Quarterly 0.1647 10.4760
27-Sep-23 Reg Plan IDCW 0.4151 10.5259
30-Jun-23 Reg Plan Quarterly 0.2112 11.1073 29-Mar-23 Reg Plan Quarterly 0.1305 10.4420
Bandhan CRISIL IBX 90:10 SDL Plus Gilt Nov 2026
29-Mar-23 Reg Plan Quarterly 0.1478 11.0611 27-Sep-23 Reg Plan Half Yearly 0.1555 10.1555
Index Fund
25-Mar-21 Reg Plan Periodic 0.9671 12.4644 29-Mar-23 Reg Plan Half Yearly 0.2857 10.4961
27-Sep-23 Reg Plan IDCW 0.5650 10.5783
24-Mar-20 Reg Plan Periodic 3.8497 15.2628 29-Sep-22 Reg Plan Half Yearly 0.0882 10.2804
Bandhan CRISIL IBX 90:10 SDL Plus Gilt Sep 2027
Bandhan Bond Fund – Income Plan 29-Mar-23 Reg Plan Annually 0.3687 10.4920
Index Fund
27-Sep-23 Reg Plan Quarterly 0.0977 11.9554 28-Mar-22 Reg Plan Annually 0.4494 10.5545
27-Sep-23 Reg Plan IDCW 0.5475 10.5778
30-Jun-23 Reg Plan Quarterly 0.2518 12.1164 24-Mar-21 Reg Plan Annually 0.7165 10.8041
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032
29-Mar-23 Reg Plan Quarterly 0.1484 12.0376 25-Mar-21 Reg Plan Periodic 0.7163 10.8010
Index Fund
27-Sep-23 Reg Plan Half Yearly 0.3196 11.9377 24-Mar-20 Reg Plan Periodic 2.0280 12.0412
27-Sep-23 Reg Plan IDCW 0.5703 10.6874
29-Mar-23 Reg Plan Half Yearly 0.1783 11.8032 Bandhan Small Cap Fund
28-Mar-22 Reg Plan Half Yearly 0.1008 11.6712 30-Jun-23 Reg Plan Adhoc 1.19 21.8850 IDCW* is not guaranteed and past performance may or
may not be sustained in future. Pursuant to payment of
29-Mar-23 Reg Plan Annually 0.1755 11.6072 29-Jun-22 Reg Plan Adhoc 0.86 18.1400
IDCW*, the NAV of the scheme would fall to the extent of
28-Mar-22 Reg Plan Annually 0.4242 11.8021 29-Jun-21 Reg Plan Adhoc 0.97 19.9000
payout and statutory levy (as applicable). IDCW* received is
24-Mar-21 Reg Plan Annually 0.7595 12.1514 Bandhan Ultra Short Term Fund subject to applicable IDCW* distribution tax. Face Value of
25-Mar-21 Reg Plan Periodic 0.7745 12.1024 29-Nov-23 Reg Plan Monthly 0.0553 10.0957 all above schemes (excluding Bandhan Liquid Fund) is `10/-
24-Mar-20 Reg Plan Periodic 4.8512 16.0729 30-Oct-23 Reg Plan Monthly 0.0576 10.0980 per unit. Face value of Bandhan Liquid Fund is `1000/- per
Bandhan Infrastructure Fund 27-Sep-23 Reg Plan Monthly 0.0496 10.0900 unit. Past performance may or may not be sustained in
29-Nov-22 Reg Plan IDCW* 1.11 22.5320 27-Sep-23 Reg Plan Quarterly 0.1521 10.3733 future.
Bandhan Overnight Fund 30-Jun-23 Reg Plan Quarterly 0.1792 10.3878
*Income Distribution and Capital Withdrawal
29-Nov-23 Reg Plan Monthly 5.5066 1005.5066 29-Mar-23 Reg Plan Quarterly 0.1518 10.3442
30-Oct-23 Reg Plan Monthly 6.0639 1006.0640 25-Mar-21 Reg Plan Periodic 0.5945 10.6084
27-Sep-23 Reg Plan Monthly 5.0232 1005.0232 24-Mar-20 Reg Plan Periodic 1.2396 11.2396
15-Mar-18 Reg Plan IDCW* 1.09 18.1944
79
Equity Fund (Scheme Categorisation)
Sr. No. New Scheme Name Old Scheme Name New SEBI Scheme Category Scheme Description Benchmark SEBI Regulation
Minimum investment in equity & equity related instruments of

Large & Mid Cap Fund - An open ended equity NIFTY LargeMidcap 250 large cap companies- 35% of total assets
1 Bandhan Core Equity Fund IDFC Classic Equity Fund Large and Mid Cap scheme investing in both large cap and mid TRI Minimum investment in equity & equity related instruments of mid
cap stocks cap stocks- 35% of total assets
Tier 1: S&P BSE 500 TRI Scheme should follow a value investment strategy and minimum
An open ended equity scheme following a
2 Bandhan Sterling Value Fund IDFC Sterling Equity Fund Value Tier 2: S&P BSE 400 investment in equity & equity related instruments - 65% of total
value investment strategy
MidSmallCap TRI assets
Flexi Cap Fund - An open ended equity scheme Minimum investment in equity & equity related instruments- 65%
3 Bandhan Flexi Cap Fund IDFC Multi Cap Fund Flexi Cap investing across large cap, mid cap, small cap S&P BSE 500 TRI of total assets
stocks
Multi Cap Fund -An open-ended equity scheme NIFTY 500 Multicap Minimum investment in equity & equity related instruments -
4 Bandhan Multi Cap Fund - Multi Cap Fund investing across large cap, mid cap, small cap 50:25:25 TRI 65% of total asset
stocks
Mid Cap Fund - An open ended equity scheme Minimum investment in equity & equity related instruments of mid
5 Bandhan Midcap Fund - MidCap S&P BSE 150 Midcap Index
predominantly investing in mid cap stocks. cap companies - 65% of total assets
A scheme focused on the number of stocks (maximum 30)
An open ended equity scheme investing in
6 Bandhan Focused Equity Fund IDFC Focused Equity Fund Focused S&P BSE 500 TRI Minimum investment in equity & equity related instruments - 65%
maximum 30 stocks with multi cap focus of total assets
Large Cap Fund - An open ended equity scheme Minimum investment in equity & equity related instruments of
7 Bandhan Large Cap Fund IDFC Equity Fund Large Cap S&P BSE 100 TRI
predominantly investing in large cap stocks large cap companies- 80% of total assets
An open ended equity linked saving scheme Minimum investment in equity & equity related instruments - 80%
Bandhan Tax Advantage
8 Bandhan ELSS Tax saver Fund ELSS with a statutory lock in of 3 years and tax S&P BSE 500 TRI of total assets (in accordance with Equity Linked Saving Scheme,
(ELSS) Fund benefit. 2005 notified by Ministry of Finance)
An open ended equity scheme investing in S&P BSE India Minimum investment in equity & equity related instruments of the
9 Bandhan Infrastructure Fund IDFC Infrastructure Fund Sectoral/Thematic Infrastructure sector. Infrastructure TRI Infrastructure sector - 80% of total assets
Bandhan Transportation & An open-ended equity scheme investing in Nifty Transportation and Minimum investment in securities of Transportation and logistics
10 - Sectoral
Logistics Fund transportation and logistics sector Logistics Index sector – 80% of total assets
An open ended equity scheme investing in investment in equity & equity related instruments of
11 Bandhan Financial Services Fund - Sectoral Nifty Financial Services TRI Minimum
Financial Services Sector financial services sector - 80% of total assets
An open ended fund of fund scheme investing Russell 1000 Growth Index
Fund of Funds in units/shares of overseas Mutual Fund Minimum investment in the underlying fund - 95%
12 Bandhan US Equity Fund of Fund - (Total Return Net of 30%
(Overseas) Scheme (/s) / Exchange Traded Fund (/s) of total assets
withholding tax)
investing in US Equity securities)
An open ended fund of fund scheme investing
in units / shares of overseas Index Funds and
Bandhan US Treasury Bond 0-1 Fund of Funds ICE 0-1 Year US Treasury Minimum investment in the underlying fund - 95%
13 - / or Exchange Traded Funds which track an
year Fund of Fund (Overseas) Securities Index of total assets
index with US treasury securities in the 0-1 year
maturity range as its constituents
Minimum investment in securities of Nifty 50 index - 95% of total
14 Bandhan Nifty 50 Index Fund IDFC Nifty 50 Index Fund Index An open ended scheme tracking Nifty 50 Index Nifty 50 TRI assets
An open-ended scheme tracking Nifty 100 Minimum investment in securities of Nifty 100 index – 95% of total
15 Bandhan Nifty 100 Index Fund - Index Nifty 100 TRI
Index assets
Bandhan Nifty100 Low Volatility An open-ended scheme tracking Nifty100 Low Nifty100 Low Volatility Minimum investment in securities of Nifty100 Low Volatility 30
16 - Index
30 Index Fund Volatility 30 Index 30 TRI Index – 95% of total assets
Bandhan Nifty200 Momentum 30 An open ended scheme tracking Nifty200 Nifty200 Momentum Minimum investment in securities of Nifty200 Momentum30 Index
17 - Index
Index Fund Momentum30 Index 30 TRI – 95% of total assets
Bandhan Nifty Alpha 50 Index An open-ended scheme tracking Nifty Alpha Minimum investment in Securities belonging to the Nifty Alpha 50
18 - Index Nifty Alpha 50 Index TRI
Fund 50 Index Index - 95% of total assets
Minimum investment in Securities belonging to the Nifty IT Index -
19 Bandhan Nifty IT Index Fund - Index An open-ended scheme tracking Nifty IT Index Nifty IT TRI 95% of total assets
ETF structure
Bandhan Nifty 50 ETF An open ended scheme tracking NIFTY 50
20 IDFC Nifty 50 ETF Exchange Traded Fund Nifty 50 TRI Minimum investment in securities of Nifty 50 index - 95% of total
(NSE scrip code: IDFNIFTYET) index. assets
ETF structure
Bandhan S&P BSE Sensex ETF (BSE An open ended scheme tracking S&P BSE
21 IDFC S&P BSE Sensex ETF Exchange Traded Fund S&P BSE Sensex TRI Minimum investment in securities of BSE Sensex index - 95% of
scrip code: 540154) Sensex index total assets
An open ended equity scheme predominantly S&P BSE 250 Minimum investment in equity & equity related instruments of
22 Bandhan Small Cap Fund - Small Cap Fund investing in small cap stocks SmallCap TRI small cap companies- 65% of total assets
80
Debt Fund (Scheme Categorisation)
Sr. No. New Scheme Name Old Scheme Name New SEBI Scheme Category Scheme Description SEBI Regulation
1 Bandhan Dynamic Bond Fund IDFC Dynamic Bond Fund Dynamic Bond An open ended dynamic debt scheme investing across duration Investment across duration
2 Bandhan Bond Fund - Income Plan IDFC Super Saver Income Medium to Long An open ended medium term debt scheme investing in instruments such that Investment in Debt & Money Market Instruments such that the Macaulay
Fund - Investment Plan Duration Fund the Macaulay duration of the portfolio is between 4 years and 7 years duration of the portfolio is between 4 years and 7 years
3 Bandhan Bond Fund - IDFC Super Saver Income Medium Duration Fund An open ended medium term debt scheme investing in instruments such that Investment in Debt & Money Market instruments such that the Macaulay
Medium Term Plan Fund - Medium Term Plan the Macaulay duration of the portfolio is between 3 years and 4 years duration of the portfolio is between 3 years – 4 years.
Bandhan Government Securities IDFC Government Securities An open ended debt scheme investing in government securities across
4 Fund - Investment Plan Fund - Investment Plan Gilt Fund maturities Minimum investment in Gsecs- 80% of total assets (across maturity)
An open ended debt scheme predominantly investing in AA and below rated Minimum investment in corporate bonds – 65% of total assets (only in AA and
5 Bandhan Credit Risk Fund IDFC Credit Opportunities Fund Credit Risk Fund corporate bonds below rated corporate bonds)
Bandhan Bond Fund - IDFC Super Saver Income An open ended short term debt scheme investing in instruments such that the Investment in Debt & Money Market instruments such that the Macaulay
6 Short Term Plan Fund - Short Term Plan Short Duration Fund Macaulay duration of the portfolio is between 1 year and 3 years. duration of the portfolio is between 1 year – 3 years
An open ended debt scheme predominantly investing in debt instruments of Minimum investment in Debt instruments of banks, Public Sector
7 Bandhan Banking & PSU Debt Fund IDFC Banking & PSU Debt Fund Banking and PSU Fund banks, Public Sector Undertakings, Public Financial Institutions and Municipal Undertakings, Public Financial Institutions- 80% of total assets
Bonds.
An open ended debt scheme predominantly investing in AA+ and above rated Minimum investment in corporate bonds – 80% of total assets (only in AA+
8 Bandhan Corporate Bond Fund IDFC Corporate Bond Fund Corporate Bond Fund corporate bonds. and above rated corporate bonds)
An open ended fund of fund scheme investing in debt oriented mutual fund
9 Bandhan All Seasons Bond Fund IDFC All Seasons Bond Fund Fund of Funds (Domestic) schemes (including liquid and money market schemes) of Bandhan Mutual Minimum investment in the underlying fund- 95% of total assets
Fund
Bandhan Government Securities IDFC Government Securities Gilt Fund with 10 year An open ended debt scheme investing in government securities having a Minimum investment in Gsecs- 80% of total assets such that the Macaulay
10 Fund - Constant Maturity Plan Fund - Short Term Plan constant duration constant maturity of 10 years duration of the portfolio is equal to 10 years
Investment in Debt and money market securities with maturity of upto 91
11 Bandhan Liquid Fund IDFC Cash Fund Liquid Fund An open ended liquid scheme days only
An open ended low duration debt scheme investing in instruments Investment in Debt & Money Market instruments such that the Macaulay
12 Bandhan Low Duration Fund IDFC Ultra Short Term Fund Low Duration Fund such that the Macaulay duration of the portfolio is between 6 months and 12 duration of the portfolio is between 6 months- 12 months
months
13 Bandhan Money Manager Fund IDFC Money Manager "Money Market Fund An open ended debt scheme investing in money market instruments Investment in Money Market instruments having maturity upto 1 year
Fund - Treasury Plan (non-liquid)"
14 Bandhan Overnight Fund Overnight An open-ended Debt Scheme investing in overnight securities Investment in overnight securities having maturity of 1 day
15 Bandhan Ultra Short Term Fund Ultra Short Duration An open-ended ultra-short term debt scheme investing in instruments such Investment in Debt & Money Market instruments such that the Macaulay
that the Macaulay duration of the portfolio is between 3 to 6 months duration of the portfolio is between 3 months - 6 months
An Open-ended Debt Scheme predominantly investing in floating rate
16 Bandhan Floating Rate Fund Floater Fund instruments (including fixed rate instruments converted to floating rate Minimum investment in floating rate instruments- 65% of total assets
exposures using swaps/derivatives)
An open-ended Target Maturity Index Fund investing in constituents of CRISIL
Bandhan CRISIL IBX Gilt April 2026 Index Minimum investment in securities of CRISIL IBX Gilt April 2026 Index – 95%
17 Index IBX Gilt Index - April2026 with Relatively High interest rate risk and Relatively
Fund of total assets
Low Credit Risk
Bandhan CRISIL IBX Gilt June 2027 An open-ended Target Maturity Index fund investing in constituents of CRISIL Minimum investment in securities of CRISIL Gilt 2027 Index - 95% of total
18 Index
Index Fund IBX Gilt June 2027 Index assets
Bandhan CRISIL IBX Gilt April 2028 An open-ended Target Maturity Index fund investing in constituents of CRISIL Minimum investment in securities of CRISIL Gilt 2028 Index - 95% of total
19 Index
Index Fund IBX Gilt April 2028 Index assets
An open-ended Target Maturity Index Fund investing in constituents of The investment objective of the scheme is to provide investment returns
20 Bandhan CRISIL IBX Gilt April 2032 Index CRISIL IBX Gilt Index – April 2032 with Relatively High Interest Rate Risk and closely corresponding to the total returns of the securities as represented
Index Fund Relatively Low Credit Risk by the Crisil IBX Gilt Index - April 2032 before expenses, subject to tracking
errors.
The investment objective of the scheme is to provide investment returns
Bandhan CRISIL IBX 90:10 SDL Plus Gilt– corresponding to the total returns of the securities as represented by the
21 Index IBX 90:10 SDL plus Gilt Index – November 2026 with Relatively High Interest
November 2026 Index Fund CRISIL IBX 90:10 SDL plus Gilt Index– November 2026 before expenses, subject
Rate Risk and Relatively Low Credit Risk to tracking errors.
An open-ended Target Maturity Index Fund investing in constituents of CRISIL The investment objective of the scheme is to provide investment returns
22 Index IBX 90:10 SDL plus Gilt Index – September 2027 with Relatively High Interest
September 2027 Index Fund CRISIL IBX 90:10 SDL Plus Gilt Index – September 2027 before expenses,
Rate Risk and Relatively Low Credit Risk subject to tracking errors.
The investment objective of the scheme is to provide investment returns
23 Index IBX 90:10 SDL plus Gilt Index – April 2032 with Relatively High Interest Rate
April 2032 Index Fund CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 before expenses, subject to
Risk and Relatively Low Credit Risk tracking errors
Hybrid Fund (Scheme Categorisation)

Sr.
New Scheme Name Old Scheme Name New SEBI Scheme Category Scheme Description Benchmark SEBI Regulation
No.
Bandhan Balanced Advantage NIFTY 50 Hybrid Composite debt
1 IDFC Dynamic Equity Fund Dynamic Asset Allocation An open ended dynamic asset allocation fund Investment in equity/ debt that is managed dynamically
Fund 50:50 Index
An open ended hybrid scheme investing
CRISIL Hybrid 35+65 Aggressive Equity & Equity related instruments- between 65% and 80% of total assets;
2 Bandhan Hybrid Equity Fund IDFC Balanced Fund Aggressive Hybrid Fund predominantly in equity and equity related
Index Debt instruments- between 20% 35% of total assets
instruments
An open-ended retirement solution oriented
CRISIL Hybrid 50+50 - Moderate Minimum investment Investment in equity & equity related instruments-50% of total
3 Bandhan Retirement Fund - Solution Oriented scheme having a lock-in of 5 years or till retirement
Index assets; Maximum Investment in Debt instruments- 50% of total assets
age (whichever is earlier)
An open ended scheme investing in equity, Minimum investment in equity & equity related instruments- 65% of total assets and
4 Bandhan Equity Savings Fund IDFC Arbitrage Plus Fund Equity Savings CRISIL Equity Savings Index
arbitrage and debt minimum investment in debt- 10% of total assets
Bandhan Regular Savings An open ended hybrid scheme investing CRISIL Hybrid 85+15 Conservative Investment in equity & equity related instruments- between 10% and 25% of total
5 IDFC Monthly Income Plan Conservative Hybrid Fund
Fund predominantly in debt instruments Index assets; Investment in Debt instruments- between 75% and 90% of total assets
81
Fund Manager Details
Total Experience of Fund Managers
Name Years Name Years
Mr. Manish Gunwani 22+ Mr. Nemish Sheth 12+
Mr. Brijesh Shah 12+ Mr. Gautam Kaul 20+
Mr. Daylynn Pinto 16+ Mr. Sachin Relekar 20+
Mr. Harshal Joshi 13+ Ms. Ritika Behera 10+
Mr. Viraj Kulkarni 7+ Ms. Ritu Modi 12+
Mr. Sumit Agrawal 16+ Mr. Debraj Lahiri 13+
Mr. Suyash Choudhary - Head Fixed Income 20+ Mr. Vishal Biraia 16+
Mr. Kirthi Jain 9+ Mr. Rahul Agarwal 10+
How to read Factsheet

Fund Manager The exit load is deducted from the prevailing NAV at the time of redemption. For
An employee of the asset management company such as a mutual fund or life insurer, instance, if the NAV is ` 100 and the exit load is 1%, the redemption price would
who manages investments of the scheme. He is usually part of a larger team of fund be ` s99 per unit.
managers and research analysts. Modified Duration
Application Amount for Fresh Subscription Modified duration is the price sensitivity and the percentage change in price for a
This is the minimum investment amount for a new investor in a mutual fund scheme, unit change in yield
Minimum Additional Amount Macaulay Duration
This is the minimum investment amount for an existing investor in a mutual fund The Macaulay duration is the weighted average term to maturity of the cash flows
scheme. from bonds. In other words, it is the weighted average number of years an investor
Yield to Maturity must maintain a position in the bond until the present value of the bond's cash
flows equals the amount paid for the bond.
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held
until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s Standard Deviation
current market price, par value, coupon interest rate and time to maturity. Standard deviation is a statistical measure of the range of an investment’s
SIP performance. When a mutual fund has a high standard deviation, its means its
range of performance is wide, implying greater volatility.
SIP or systematic investment plan works on the principle of making periodic
investments of a fixed sum. It works similar to a recurring bank deposit. For instance, Sharpe Ratio
an investor may opt for an SIP that invests Rs 500 every 15th of the month in an The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is
equity fund for a period of three years. a measure of risk-adjusted returns. It is calculated using standard deviation and
NAV excess return to determine reward per unit of risk.
The NAV or the net asset value is the total asset value per unit of the mutual fund Beta
after deducting all related and permissible expenses. The NAV is calculated at the Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than
end of every business day. It is the value at which the investor enters or exits the 1 means that the security will be less volatile than the market. A beta of greater
mutual fund. than 1 implies that the security’s price will be more volatile than the market.
Benchmark AUM
A group of securities, usually a market index, whose performance is used as a AUM or assets under management refers to the recent / updated cumulative
standard or benchmark to measure investment performance of mutual funds, among market value of investments managed by a mutual fund or any investment firm.
other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, Holdings
BSE500, 10-Year Gsec. The holdings or the portfolio is a mutual fund’s latest or updated reported
Entry Load statement of investments/securities. These are usually displayed in terms of
A mutual fund may have a sales charge or load at the time of entry and/or exit to percentage to net assets or the rupee value or both. The objective is to give
compensate the distributor/agent. Entry load is charged at the time an investor investors an idea of where their money is being invested by the fund manager.
purchases the units of a mutual fund. The entry load is added to the prevailing NAV Nature of Scheme
at the time of investment. For instance, if the NAV is `100 and the entry load is 1%, The investment objective and underlying investments determine the nature of
the investor will enter the fund at `101. the mutual fund scheme. For instance, a mutual fund that aims at generating
Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan and mandated capital appreciation by investing in stock markets is an equity fund or growth
that the upfront commission to distributors will be paid by the investor directly to fund. Likewise, a mutual fund that aims at capital preservation by investing in debt
the distributor, based on his assessment of various factors including the services markets is a debt fund or income fund. Each of these categories may have sub-
rendered by the distributor. categories.
Tracking Error Rating Profile
A divergence between the price behavior of a position or a portfolio and the price Mutual funds invest in securities after evaluating their creditworthiness as
behavior of a benchmark disclosed by the ratings. A depiction of the mutual fund in various investments
Exit Load based on their ratings becomes the rating profile of the fund. Typically, this is a
Exit load is charged at the time an investor redeems the units of a mutual fund. feature of debt funds.
Investment Objective
Bandhan Core Equity Fund The Scheme seeks to generate long-term capital growth by investing predominantly in large cap and mid cap stocks. Disclaimer: There is no assurance or guarantee that
the objectives of the scheme will be realised.
Bandhan Sterling Value Fund The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments by following a value
investment strategy. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Flexi Cap Fund The Scheme shall seek to generate long-term capital growth by investing in a diversified portfolio of equity and equity related instruments across market capitalization –
large cap, mid cap and small cap, fixed income securities and Money Market Instruments. Disclaimer: There is no assurance or guarantee that the objectives of the scheme
will be realised.
Bandhan Multi Cap Fund The Fund seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap, small cap
stocks. There is no assurance or guarantee that the objectives of the scheme will be realised. Disclaimer: There is no assurance or guarantee that the objectives of the
scheme will be realised.
Bandhan Midcap Fund The Fund seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of mid cap segment. Disclaimer: There is no
assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Focused Equity Fund The investment objective of the Scheme is seek to generate capital appreciation by investing in a concentrated portfolio of equity and equity related instruments up to
30 companies. There is no assurance or guarantee that the objectives of the scheme will be realized. Disclaimer: There is no assurance or guarantee that the objectives of
the scheme will be realised.
Bandhan Large Cap Fund The investment objective of the Scheme is to seek to generate capital growth from predominantly investing in large cap stocks. Disclaimer: There is no assurance or
guarantee that the objectives of the scheme will be realised.
Bandhan Nifty 50 Index Fund The investment objective of the scheme is to replicate the Nifty 50 index by investing in securities of the Nifty 50 Index in the same proportion / weightage. Disclaimer:
There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Nifty 100 Index Fund The investment objective of the Scheme is to replicate the Nifty 100 index by investing in securities of the Nifty 100 Index in the same proportion / weightage with an aim
to provide returns before expenses that closely correspond to the total return of Nifty 100 Index, subject to tracking errors. Disclaimer: There is no assurance or guarantee
that the objectives of the scheme will be realised.
Bandhan Nifty100 Low The investment objective of the Scheme is to replicate the Nifty100 Low Volatility 30 index by investing in securities of the Nifty100 Low Volatility 30 Index in the same
Volatility 30 Index Fund proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty100 Low Volatility 30 Index, subject to tracking
errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. Disclaimer:
Bandhan Nifty200 Momentum The investment objective of the Scheme is to replicate the Nifty200 Momentum 30 index by investing in securities of the Nifty200 Momentum 30 Index in the same
30 Index Fund proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty200 Momentum 30 Index, subject to tracking
errors. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Nifty Alpha 50 Index The investment objective of the Scheme is to replicate the Nifty Alpha 50 Index by investing in securities of the Nifty Alpha 50 Index in the same
Fund proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 Index, subject to tracking errors.
However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
82
Investment Objective
Bandhan Nifty IT Index Fund The investment objective of the Scheme is to replicate the Nifty IT Index by investing in securities of the Nifty IT Index in the same proportion / weightage with an aim to
provide returns before expenses that tracks the total return of Nifty IT Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of
the scheme will be realized and the scheme does not assure or guarantee any returns.
Bandhan Small Cap Fund The Fund seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap segment. Disclaimer: There is no
Bandhan Infrastructure Fund The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related
instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. Disclaimer: There is no
Bandhan Transportation & The Scheme seeks to generate long-term capital growth by investing predominantly in equity and equity related securities of companies engaged in the transportation and
Logistics Fund logistics sector. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Financial Services The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial
Fund services. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan US Equity Fund of The Fund seeks to generate long term capital appreciation by investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US
Fund Equity securities. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan US Treasury Bond 0-1 The investment objective of the Scheme is to provide long-term capital appreciation by passively investing in units / shares of overseas Index
year Fund of Fund Funds and / or ETFs which track an index with US treasury securities in the 0-1 year maturity range as its constituents, subject to tracking error.
However, there can be no assurance that the investment objective of the Scheme will be realized.
Bandhan ELSS Tax saver Fund The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.
There can be no assurance that the investment objective of the scheme will be realised. Disclaimer: There is no assurance or guarantee that the objectives of the scheme
will be realised.
Bandhan Arbitrage Fund The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative
segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments.
However there is no assurance that the investment objective of the scheme will be realized. Disclaimer: There is no assurance or guarantee that the objectives of the
Bandhan Equity Savings Fund To generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market
instruments and to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. Disclaimer: There is no
Bandhan S&P BSE Sensex ETF The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no
(BSE scrip code: 540154) assurance or guarantee that the investment objective of the Scheme would be achieved. Disclaimer: There is no assurance or guarantee that the objectives of the scheme
will be realised.
Bandhan Nifty 50 ETF The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no
(NSE scrip code: IDFNIFTYET) assurance or guarantee that the investment objective of the Scheme would be achieved. Disclaimer: There is no assurance or guarantee that the objectives of the scheme
will be realised.
Bandhan Balanced Advantage The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into
Fund equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate in come and capital
appreciation through investment in Debt & Money Market instruments. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Hybrid Equity Fund The Fund seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments. The Fund also seeks to generate current
income by investing in debt securities and money market instruments. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Retirement Fund The investment objective of the Scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt and other instruments to help investors
meet their retirement goals. However, there can be no assurance that the investment objective of the scheme will be realized.
Bandhan Regular Savings Fund The primary objective of the Scheme is to generate regular returns through investment predominantly in debt instruments. The secondary objective of the Scheme is to
generate long-term capital appreciation by investing a portion of the Scheme’s total assets in equity securities. Disclaimer: There is no assurance or guarantee that the
Bandhan Asset Allocation Fund The investment objective of the scheme is to provide diversification across asset classes and generate a mix of capital appreciation and income predominantly through
of Fund - Conservative Plan investment in equity funds and debt funds of Bandhan Mutual Fund based on a defined asset allocation model. Disclaimer: There is no assurance or guarantee that the
of Fund - Moderate Plan investment in equity funds and debt funds of Bandhan Mutual Fund based on a defined asset allocation model. Disclaimer: There is no assurance or guarantee that the
of Fund - Aggressive Plan investment in equity funds and debt funds of Bandhan Mutual Fund based on a defined asset allocation model. Disclaimer: There is no assurance or guarantee that the
Bandhan All Seasons Bond Fund The investment objective of the scheme is to generate optimal returns by active management of portfolio that invests predominantly in debt oriented mutual fund schemes
(including liquid and money market schemes) of Bandhan Mutual Fund. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Liquid Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy and with high liquidity, from
a portfolio that is invested in debt and money market securities with maturity up to 91 days. Disclaimer: There is no assurance or guarantee that the objectives of the
Bandhan Overnight Fund The Fund seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates. Disclaimer: There is no assurance or
Bandhan Ultra Short Term Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in
debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months. Disclaimer: There is no assurance or guarantee that the
Bandhan Low Duration Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is
invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months. Disclaimer: There is no assurance or
Bandhan Money Manager Fund To generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments. Disclaimer: There is no assurance or
Bandhan Banking & PSU Debt The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as Banks, Public Sector
Fund Undertakings (PSUs) and Public Financial Institutions(PFIs). Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Corporate Bond Fund The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities. Disclaimer:
Bandhan Floating Rate Fund The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating
returns and other debt and money market instruments. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Credit Risk Fund The Fund seeks to generate returns by investing predominantly in AA and below rated corporate debt securities across maturities. Disclaimer: There is no assurance or
Bandhan Bond Fund – Short The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over short term such that the Macaulay
Term Plan duration of the portfolio is between 1 year and 3 years. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Bond Fund – The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium term such that the Macaulay
Medium Term Plan duration of the portfolio is between 3 years and 4 years. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Bond Fund – Income The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium to long term such that the
Plan Macaulay duration of the portfolio is between 4 years and 7 years. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Dynamic Bond Fund To generate optimal returns by active management of the portfolio by investing in debt and money market instruments across maturities. Disclaimer: There is no assurance
or guarantee that the objectives of the scheme will be realised.
Bandhan Government Securities The scheme seeks to generate optimal returns with high liquidity by investing in Government Securities such that weighted average portfolio maturity of around 10 years.
Fund - Constant Maturity Plan Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Bandhan Government Securities The scheme seeks to generate optimal returns with high liquidity by investing in Government Securities across maturities. Disclaimer: There is no assurance or guarantee
Fund - Investment Plan that the objectives of the scheme will be realised.
Bandhan CRISIL IBX Gilt April The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX Gilt Index
2026 Index Fund - April 2026 before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Bandhan CRISIL IBX Gilt June The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL Gilt
2027 Index Fund@ 2027 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Bandhan CRISIL IBX Gilt April The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL Gilt
2028 Index Fund@@ 2028 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Bandhan CRISIL IBX Gilt April The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Crisil IBX Gilt
2032 Index Fund Index - April 2032 before expenses, subject to tracking errors.
Bandhan CRISIL IBX 90:10 SDL The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 90:10 SDL plus
Plus Gilt– November 2026 Index Gilt Index– November 2026 before expenses, subject to tracking errors. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Fund
Bandhan CRISIL IBX 90:10 SDL The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 90:10 SDL Plus
Plus Gilt– September 2027 Gilt Index – September 2027 before expenses, subject to tracking errors. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
Index Fund
Bandhan CRISIL IBX 90:10 SDL The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 90:10 SDL
Plus Gilt– April 2032 Index Fund plus Gilt Index – April 2032 before expenses, subject to tracking errors. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
83
Bandhan AMC Offices
WEST
3rd Floor, Chandan House, Above Kotak Mahindra Bank, Opp Gruh Finance , Near Mithakhali six roads, Ahmedabad-380006.
Ahmedabad
Tel.:1-800-2666688/1-800-30066688/ · 044-30463501
Plot No 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal (MP)-462011. Tel.:1-800-2666688/
Bhopal
1-800-30066688/ · 044-30463501
Shop No. F-27 & F-28, 1st Floor, Alfran Plaza, Block D, M G Road, Opp CAMS office, Panaji, Goa-403001.
Goa (Panjim)
Tel.:1-800-2666688/1-800-30066688/ · 044-30463501
Indore 405, 4th Floor, D M Towers, 21/1 Race Course Road, Indore 452001. Tel.: 1-800-2666688/1-800-30066688/ · 044-30463501
6th Floor, Tower 1C, One World Centre, Jupiter Mills Compound, 841 Senapati Bapat Marg, Elphinstone (W) Mumbai 400013.
Mumbai OWC
Tel No.: 022 434 22740/022 662 89840
Mumbai Ground floor, Kapoor Apartment CHS, Near Punjabi Lane, Chandavarkar Road, Borivali (W) Mumbai 400092. Tel.: 022 487
(Borivali) 94555/022 6940 2355
Mumbai Unit no. 27, Ground Floor, Khetan Bhavan, 198, Jamshedji Tata Road, Churchgate, Mumbai 400020. Tel.:022 43422958/022
(Churchgate) 66289958
Mumbai Office no. 120, First Floor, Zest business spaces, MG Road, Ghatkopar East, Mumbai 400077. Tel.: 022 43422773/022
(Ghatkopar) 66289873
Mumbai
Shop No.1, Ground Floor, Konark Tower CHS, Ghantali Devi Road, Thane West 400602. Tel.: 022 43422959/022 66289959
(Thane)
Unit No 802, 8th Floor, Dosti Pinnacle, Plot No. E-7, Road No. 22 , Wagle Industrial Estate, Thane (West), Mumbai 400604.
Thane - Dosti
Tel.: 023 434 22740/022 662 89840
6, Fortune Business Centre, Vasant Vihar Complex, W.H.C Road, Shankar Nagar, Nagpur 440010. Tel.: 1-800-2666688/
Nagpur
1-800-30066688/ · 044-30463501
Shop No.6, Ground Floor, Rajeev Enclave, New Pandit Colony, Saranpur Road, Nasik 422002. Tel.: 1-800-2666688/
Nasik
1-800-30066688/ · 044-30463501
Office no. 122, Investment, Samarth Nagar, Varad Ganesh Road, Aurangabad 431001. Tel.: 1-800-2666688/
Aurangabad
1-800-30066688/ · 044-30463501
1st Floor, Herekar Park Apartment, Next to Kamla Nehru Park, Off Bhandarkar Road, Pune 411004. Tel.: 1-800-2666688/
Pune
1-800-30066688/ · 044-30463501
Anand Narayan Empire, No. 4, Ground Floor, Opp. Mazda Bakery, Besides Panchal Hall, Anand Vidyanagar Road, Anand - 388 001
Office no. 201, 2nd Floor, Star Plaza, Phulchab Chowk, Rajkot 360001. Tel.: 1-800-2666688/1-800-30066688/ · 044-
Rajkot
30463501
HG-12, International Trade Centre, Majura Gate Crossing, Ring Road, Surat 395002. Tel.: 1-800-2666688/1-800-30066688/
Surat
· 044-30463501
1st Floor, Emerald One, C-175, Jetalpur Road, Alkapuri, Vadodara – 390007. Tel No.: 1-800-2666688/1-800-30066688/ ·
Vadodara
044-30463501
NORTH
Gorakhpur Shop No. 23A, Cross Road the Mall, Bank Road, Gorakhpur - 273 001.
301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chauraha, Subash Marg, C-Scheme, Jaipur 302001.
Jaipur
Tel. No. : 1-800-2666688/1-800-30066688/ · 044-30463501
Office No. G2, Block no - 20/4, Maruti Tower, Sanjay Palace, Agra 282002. Tel. No. : 1-800-2666688/1-800-30066688/ ·
Agra
044-30463501
Amritsar Unit No SF-1, 2nd Floor, Eminent Mall, Mall Road, Amritsar 143001. Tel.: 1-800-2666688/1-800-30066688/ · 044-30463501
Chandigarh SCO. No. 2469-70, 1st Floor, Sector 22 C, Chandigarh 160022. Tel.: 1-800-2666688/1-800-30066688/ · 044-30463501
G-12A, G-12B, G-12C, Ground Floor, 24A, 112/28, NCR Plaza, Ravindranath Tagore Marg, New Cantt. Rd, Dehradun 248001.
Dehradun
Tel.: 011 473 11291
Office No. 1, 2nd Floor, Satnam Complex, BMC Chowk, G.T. Road, Jalandhar 144001. Tel.: 1-800-2666688/
Jalandhar
1-800-30066688/ · 044-30463501
Office No. 215-214, 2nd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur 208001. Tel.: 1-800-2666688/1-800-30066688/
Kanpur
· 044-30463501
First Floor, Regency Plaza Building, 5, Park Road, Opp. Dr. Shyama Prasad Mukherjee Civil Hospital, Raj Bhavan Colony,
Lucknow
Hazratganj, Lucknow - 226 001. Mob: 011 473 11359
Block No 4C, S. N. Towers, Maharishi Dayanand Marg, Allahabad 211001. Tel.: 1-800-2666688/1-800-30066688/
Allahabad
· 044-30463501
Ludhiana SCO 124, First Floor, Feroz Gandhi Market, Ludhiana 1410001. Tel.: 1-800-2666688/1-800-30066688/ · 044-30463501
New Delhi 4th Floor, Narain Manzil, 23 Barakhamba Road, New Dehi 110001. Tel.: 011 473 11326
Varanasi Premise No. D -64/127, 3rd Floor, Arihant Complex, Sigra, Uttar Pradesh 221010. Tel.: 011 473 11338
Shop No 117, 1st Floor, Vipul Agora, M.G Road, Gurgaon, Haryana 122001. Tel.: 1-800-2666688/1-800-30066688/
Gurugram
· 044-30463501
Pitampura, Delhi Shop No 01 & 02, Ground Floor, Pearls Best Heights - II, Plot No C-9, Pitampura, New Delhi 110034. Tel.: 011 473 11204
Office No. 101, 1st Floor, PRM Plaza, Plot no. 947, Above Kotak Mahindra Bank, 10th D Road Sardarpura, Jodhpur 342003.
Jodhpur
Tel.: 1-800-2666688/1-800-30066688/ · 044-30463501
SOUTH
6th Floor, East Wing, Raheja Towers, 26-27 M G Road, Bangalore 560001. Tel.: 1-800-2666688/1-800-30066688/
Bengaluru
· 044-30463501
Chennai 4th Floor, Capitale Tower, 555, Anna Salai, Thiru Vi Ka Kudiyiruppu, Teynampet, Chennai 600018. Tel.: 044 456 44214
39/3992 B2, Ground Floor, Vantage Point, VRM Road, Ravipuram 682016. Tel.: 1-800-2666688/1-800-30066688/
Cochin
· 044-30463501
2nd Floor, No.49, Father Randy Street, Azad Road, R.S.Puram, Coimbatore 641002. Tel.: 1-800-2666688/1-800-30066688/
Coimbatore
· 044-30463501
S B Towers, Banjara Hills, Road no -1, Near by Nagarjuna Circle, Hyderabad, Telangana 500034. Tel.: 1-800-2666688/
Hyderabad
1-800-30066688/ · 044-30463501
No.272, First floor, Suriya Towers, Good Shed Street, Madurai 625001. Tel. No.: 1-800-2666688/1-800-30066688/
Madurai
· 044-30463501
1st Floor,Crystal Arcade, Balmatta Road, Hampankatta, Mangalore 575001. Tel.: 1-800-2666688/1-800-30066688/
Mangalore
· 044-30463501
Andhra Pradesh D. No 10-28-2/2/1, First Floor, Business Bay, Kailashmetta, Waltair Uplands, Visakhapatnam 530002. Tel.: 033 401 71019
Belgaum A-101, Krrish Nest, Mangalwar Peth, Tilakwadi, Belgaum - 590 006.
EAST
Office No.T-19, 3rd Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C.G.) 492001. Tel.: 1-800-2666688/
Raipur
1-800-30066688/ · 044-30463501
Bhubaneswar 1st floor, Rajdhani House, 77 Kharavel Nagar, Janpath, Bhubaneshwar 751001. Tel: 033 401 71046
4E, 4th Floor, Ganapati Enclave, G S Road, Ulubari, Opp Bora Service Station, Guwahati 781007. Tel.: 1-800-2666688/
Guwahati
1-800-30066688/ · 044-30463501
Third Floor, Tee Kay Corporate Towers, SB Shop Area, Main Road, Bistupur, Jamshedpur 831001. Tel.: 1-800-2666688/
Jamshedpur
1-800-30066688/ · 044-30463501
Kolkata 1st Floor, Oswal Chambers, 2 Church Lane, Kolkata 700001. Tel.: 033 401 71035
Hari Ram Heritage, Shop No. 5, 4th Floor, S. P. Verma Road, Patna - 800 001. Tel.: 1-800-2666688/1-800-30066688/
Patna
· 044-30463501
Shop No 104 & 105, 1st Floor, Satya Ganga Arcade, Vinod Ashram Road, Ranchi 834001. Te.: 1-800-2666688/
Ranchi
1-800-30066688/ · 044-30463501
Durgapur 3/23 Suhatta, 3rd Floor, Sahid Khudiram Sarani, City Centre, Durgapur 713216. Te.: 1-800-2666688/1-800-30066688/
(West Bengal) · 044-30463501
Siliguri 3rd Floor, Shelcon Plaza, Sevoke Road, Siliguri - 734 001.
Udaipur 1st Floor, Unit No 106, 107, 108, Amrit Shree, University Road, Digambar Jain Mandir, Shakti Nagar, Udaipur - 313 001.
EAST-CENTRAL
Shop no.26, Commercial Complex, Nehru Nagar East, Bhilai, Durg, Chhattisgarh 490020. Tel.: 1-800-2666688/
Bhilai
1-800-30066688/ · 044-30463501
Locate Us · 1-800-2666688/1-800-30066688/ · 044-30463501 (for international calls) · investormf@bandhanamc.com
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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FACTSHEET

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91% Large Cap Reliance Industries Ltd. 7.74% Automobiles 11.27%

Large Cap Reliance Industries Ltd. 3.37% Finance 8.05%

62% Large Cap ICICI Bank Ltd. 3.89% IT - Software 7.37%

Large Cap Kirloskar Brothers Ltd. 5.52% Industrial Products 9.35%

5% Large Cap REC Ltd. 2.04% Auto Components 4.91%

Bandhan Overnight Fund Bandhan Ultra Short Term Fund

Liquidity: For very short term parking of surplus or emergency corpus

Target Maturity Debt Index Funds

How has the global market performed?

Global equities observed a

India delivered +1.54% MoM

Source: Bloomberg, Data as of Nov '23

BSE100 was up 3.0% MoM. Auto

Source: Bloomberg, Data as of Nov '23

Source: Bloomberg, PIB, Data as of Nov '23

FUND FEATURES PORTFOLIO

Portfolio Turnover Ratio

Total Expense Ratio SECTOR ALLOCATION MARKET CAP

Exit Load: If redeemed/switched out within 365 days from

FUND FEATURES PORTFOLIO

FUND FEATURES PORTFOLIO

SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)

• To create wealth over long term.

FUND FEATURES PORTFOLIO

Size Name % of NAV Name % of NAV

SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)

SIP Dates (Monthly/Quarterly)@@: Investor may choose

NAV (`) as on November 30, 2023

FUND FEATURES PORTFOLIO

• To create wealth over a long term.

FUND FEATURES PORTFOLIO

Size Name % of NAV Name % of NAV

Minimum Investment Amount: Rs 1,000/- and any amount

FUND FEATURES PORTFOLIO

This product is suitable for investors

FUND FEATURES PORTFOLIO

Total Expense Ratio

Benchmark: S&P BSE 500 TRI

This product is suitable for investors

FUND FEATURES PORTFOLIO

SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022) SECTOR ALLOCATION MARKET CAP

• To create wealth over long term.

FUND FEATURES PORTFOLIO

Portfolio Turnover Ratio

Total Expense Ratio

Benchmark: S&P BSE India Infrastructure TRI

This product is suitable for investors

FUND FEATURES PORTFOLIO

Portfolio Turnover Ratio

SIP Dates (Monthly/Quarterly)@@: Investor may choose

Investors understand that their principal

FUND FEATURES PORTFOLIO

^^Ms. Ritika Behera will be managing for Equity overseas

SECTOR ALLOCATION MARKET CAP

Sector Weight in Fund Weight in Index

Investors understand that their principal Banks 50.2% 76.5%

30th November 2023

FUND FEATURES PORTFOLIO

Option Available: Growth, IDCW@ - (Payout, Reinvestment

Exit Load: NIL (w.e.f. 4th February 2019)

NAV (`) as on November 30, 2023 INDUSTRY ALLOCATION