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BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 42/100 · Weak
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)0.27%
- Expense ratio (20%)0.1%
- AUM (15%)₹224 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Bandhan Mutual Fund · Income/Debt Oriented · Floating Interest Rates Fund
₹10.16
AUM: ₹223 Cr
NAV updated 10 days ago
Plan
Direct
Option
Idcw
Risk
Moderate
Expense Ratio
0.1%
Exit Load
Nil
Fund Manager
Anurag Mittal
Inception
Feb 2021
Benchmark
NIFTY Medium Duration Debt Index A-III
Sharpe Ratio
-2.29
Std Dev (1Y)
2.72%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.17%
3m
-0.93%
6m
+0.23%
1y
-0.15%
3y
+0.27%
5y
+0.18%
10y
—
since inception
+0.27%
TopFund's Take on BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW
BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW lags behind most of its peers in the Floating Interest Rates Fund category, currently carrying a 2-star rating. Returns have been soft relative to what the category has offered — worth checking if this is a temporary phase or a longer pattern. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 42/100.
Cost: At 0.1%, the expense ratio is meaningfully cheaper — about 33% below the Floating Interest Rates Fund category average of 0.15% (based on 23 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -2.29 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 2.72% is on the lower side for a Floating Interest Rates Fund fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Income/Debt Oriented fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
Tools & Guides for This Fund
Frequently Asked Questions about BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW
The current NAV (Net Asset Value) of BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW is ₹10.16. NAV is updated every business day after market close by AMFI.
1Y: -0.15% · 3Y CAGR: 0.27% · 5Y CAGR: 0.18%
The expense ratio of BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW is 0.1% per annum. This is the annual fee charged by the fund to manage your investment.
BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW is managed by Anurag Mittal at Bandhan Mutual Fund.
BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW is classified as a Moderate risk fund. It is suitable for investors with a moderate risk appetite.
BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW is a Floating Interest Rates Fund fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of BANDHAN FLOATER FUND - DIRECT PLAN MONTHLY IDCW is ₹224 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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