MonitorDirect · GrowthWatch before adding
Bandhan Medium Term Fund
Bandhan Mutual FundIncome/Debt Oriented Schemes - Medium Term Fund13.8 years
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 duration of the portfolio is between 3 years and 4 years.
- NAV
- 53.6038
- 5 Nov 2026
- 1Y
- +5.5%
- Trailing CAGR
- AUM
- ₹1,244.08 Cr
- 30 Sept 2026
- Volatility
- Low
- 2.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 5 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer HSBC Medium Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.66% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
29% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Brijesh Shah · 2.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 61.9% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.5%
- 3Y+7.5%
- 5Y+6.0%
- 10Y+6.9%
- SI+7.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.9%
- 3Y+6.7%
- 5Y+6.8%
- 10Y+6.6%
- Since inception
- +7.5%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- +29%
- Windows beating the median
- 3Y percentile
- 36
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.8%
- 2634 daily-ending windows
- Median rolling 3Y
- +7.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2151 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.6%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +57%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 344 recovered episodes
- Longest recovery
- 189 days
- Trough to prior peak
19 Jun 2013 – 8 Oct 2013
Trough 19 Aug 2013 · recovered in 50 days
-3.6%
30 Mar 2022 – 11 Nov 2022
Trough 6 May 2022 · recovered in 189 days
-3.2%
9 Mar 2020 – 17 Apr 2020
Trough 23 Mar 2020 · recovered in 25 days
-2.6%
5 Jan 2021 – 6 May 2021
Trough 9 Mar 2021 · recovered in 58 days
-2.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
36
Vs category
50
Consistency
27
Risk-adjusted
67
Drawdown
91
Mean
54
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 38 holdings · top 10 are 61.9%.
- Top 5
- 41.5%
- Top 10
- 61.9%
- Largest holding
- 11.1%
- Effective holdings
- 19.6
Reverse Repo
Unspecified
11.1%
TATA CAPITAL HOUSING FINANCE LIMITED SR A FY22-23 7.75 NCD 18MY27 FVRS10LAC
Financial
8.4%
BAJAJ HOUSING FINANCE LIMITED 8.04 NCD 18JN27 FVRS1LAC
Financial
8.1%
HDFC Bank Ltd (18-Jan-2027) **
Financial
7.9%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25E 7.53 BD 24MR28 FVRS1LAC
Financial
6.0%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
3 Nov 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC Medium Term Fund
HSBC Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.7%
- Vol
- 1.2%
- Max DD
- -1.0%
- Sharpe
- 1.42
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HDFC Medium Term Fund
HDFC Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.9%
- Vol
- 1.7%
- Max DD
- -3.5%
- Sharpe
- 1.26
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
ICICI Prudential Medium Term Fund
ICICI Prudential Mutual Fund
- 1Y
- +6.5%
- 3Y
- +8.4%
- Vol
- 1.9%
- Max DD
- -5.1%
- Sharpe
- 1.34
- 3Y win
- +80%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Nippon India Medium Term Fund (Existing Number of Segregated Portfolios - 1)
Nippon India Mutual Fund
- 1Y
- +5.6%
- 3Y
- +8.4%
- Vol
- 8.7%
- Max DD
- -29.8%
- Sharpe
- -0.03
- 3Y win
- +48%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Medium Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +8.1%
- 3Y
- +10.6%
- Vol
- 5.6%
- Max DD
- -12.6%
- Sharpe
- 0.69
- 3Y win
- +67%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER