Bandhan Innovation Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Portfolio Turnover Ratio : 86.00%. Category average turnover ratio is 153.01%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 98.75% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.75%

No of Stocks : 74 (Category Avg - 44.44) | Large Cap Investments : 13.96%| Mid Cap Investments : 13.38% | Small Cap Investments : 19.4% | Other : 52.01%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	74	43.41
Top 5 Stock Weight	21.05%	32.46%
Top 10 Stock Weight	33.39%	49.59%
Top 3 Sector Weight	22%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	39482.14	72450.77
Holdings in large cap stocks	13.96%	37.14%
Holdings in mid cap stocks	13.38%	14.47%
Holdings in small cap stocks	19.4%	13.1%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
One 97 Communications Ltd.	Financial technology (fintech)	1126	5.88%	0.80%	5.88% (Oct 2025)	3.23% (Nov 2024)	8.64 L	54.99 k
Eternal Ltd.	E-retail/ e-commerce	975.8	5.10%	-0.08%	5.18% (Sep 2025)	2.85% (Dec 2024)	30.71 L	2.23 L
- AstraZeneca Pharma India Ltd.	Pharmaceuticals	726.3	3.79%	0.00%	4.05% (Apr 2025)	3.18% (Nov 2024)	76.02 k	1.66 k
Bajaj Finserv Ltd	Holding company	620.6	3.24%	-0.09%	3.57% (Mar 2025)	0% (Nov 2024)	2.97 L	0.00
Reliance Industries Ltd.	Refineries & marketing	582.9	3.04%	0.72%	3.04% (Oct 2025)	0% (Nov 2024)	3.92 L	88.42 k
Jubilant Ingrevia Ltd.	Specialty chemicals	515.8	2.69%	0.10%	3.37% (Jun 2025)	2.12% (Apr 2025)	7.48 L	22.50 k
GE T&D India Ltd.	Heavy electrical equipment	485.2	2.53%	-0.03%	2.56% (Sep 2025)	0.68% (Feb 2025)	1.60 L	5.04 k
Coforge Ltd.	Computers - software & consulting	474.4	2.48%	0.39%	2.8% (Feb 2025)	2.09% (Sep 2025)	2.67 L	32.31 k
Varun Beverages Ltd.	Other beverages	458.6	2.39%	0.12%	3.23% (Mar 2025)	2.27% (Sep 2025)	9.76 L	60.02 k
Info Edge (India) Ltd.	Internet & catalogue retail	430.9	2.25%	-0.04%	2.78% (Nov 2024)	0.88% (Jun 2025)	3.13 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
One 97 Communications Ltd.	Financial technology (fintech)	6.89	1126	5.88%	0.80%	5.88% (Oct 2025)	3.23% (Nov 2024)	8.64 L	54.99 k	Other	52.01
Eternal Ltd.	E-retail/ e-commerce	5.1	975.8	5.10%	-0.08%	5.18% (Sep 2025)	2.85% (Dec 2024)	30.71 L	2.23 L	Other	52.01
- AstraZeneca Pharma India Ltd.	Pharmaceuticals	10.01	726.3	3.79%	0.00%	4.05% (Apr 2025)	3.18% (Nov 2024)	76.02 k	1.66 k	Small Cap	19.4
Bajaj Finserv Ltd	Holding company	3.24	620.6	3.24%	-0.09%	3.57% (Mar 2025)	0% (Nov 2024)	2.97 L	0.00	Other	52.01
Reliance Industries Ltd.	Refineries & marketing	3.04	582.9	3.04%	0.72%	3.04% (Oct 2025)	0% (Nov 2024)	3.92 L	88.42 k	Large Cap	13.96
Jubilant Ingrevia Ltd.	Specialty chemicals	2.69	515.8	2.69%	0.10%	3.37% (Jun 2025)	2.12% (Apr 2025)	7.48 L	22.50 k	Other	52.01
GE T&D India Ltd.	Heavy electrical equipment	3.31	485.2	2.53%	-0.03%	2.56% (Sep 2025)	0.68% (Feb 2025)	1.60 L	5.04 k	Small Cap	19.4
Coforge Ltd.	Computers - software & consulting	3.27	474.4	2.48%	0.39%	2.8% (Feb 2025)	2.09% (Sep 2025)	2.67 L	32.31 k	Other	52.01
Varun Beverages Ltd.	Other beverages	2.39	458.6	2.39%	0.12%	3.23% (Mar 2025)	2.27% (Sep 2025)	9.76 L	60.02 k	Other	52.01
Info Edge (India) Ltd.	Internet & catalogue retail	2.25	430.9	2.25%	-0.04%	2.78% (Nov 2024)	0.88% (Jun 2025)	3.13 L	0.00	Other	52.01
Axis Bank Ltd.	Private sector bank	4.02	422.9	2.21%	0.04%	2.5% (Jun 2025)	0% (Nov 2024)	3.43 L	0.00	Large Cap	13.96
Ather Energy Ltd.	2/3 wheelers	4.5	404.4	2.11%	0.73%	2.11% (Oct 2025)	0% (Nov 2024)	5.84 L	1.48 L	Other	52.01
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	2.76	370.4	1.93%	-0.11%	2.87% (Feb 2025)	1.23% (Nov 2024)	1.06 L	0.00	Large Cap	13.96
Divis Laboratories Ltd.	Pharmaceuticals	10.01	329	1.72%	0.54%	1.72% (Oct 2025)	0% (Nov 2024)	48.83 k	11.82 k	Large Cap	13.96
Amber Enterprises India Ltd.	Household appliances	2.76	327.8	1.71%	-0.50%	2.36% (Aug 2025)	1.26% (Nov 2024)	40.79 k	-8.00 k	Small Cap	19.4
Jubilant Life Sciences Ltd.	Pharmaceuticals	10.01	324.6	1.69%	0.17%	1.69% (Oct 2025)	1.08% (Mar 2025)	2.95 L	42.47 k	Mid Cap	13.38
Eicher Motors Ltd.	2/3 wheelers	4.5	294.2	1.54%	0.05%	1.54% (Oct 2025)	0% (Nov 2024)	41.99 k	4.04 k	Other	52.01
Zinka Logistics Solutions Ltd.	Logistics solution provider	2.79	291.2	1.52%	-1.10%	2.98% (Aug 2025)	0.95% (Nov 2024)	4.26 L	-3.26 L	Other	52.01
Magma Fincorp Ltd.	Non banking financial company (nbfc)	1.93	285.8	1.49%	-0.21%	1.7% (Sep 2025)	0% (Nov 2024)	5.93 L	-0.17 L	Small Cap	19.4
E2E Networks Ltd.	It enabled services	2.58	270.5	1.41%	-0.07%	1.48% (Sep 2025)	0% (Nov 2024)	87.47 k	4.80 k	Small Cap	19.4
Sai Life Sciences Ltd.	Petrochemicals	1.39	266.8	1.39%	0.23%	1.39% (Oct 2025)	0% (Nov 2024)	2.91 L	49.54 k	Other	52.01
- Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	10.01	266.7	1.39%	0.00%	1.62% (Feb 2025)	0.79% (May 2025)	1.41 L	13.55 k	Mid Cap	13.38
ICICI Bank Ltd.	Private sector bank	4.02	266.4	1.39%	-0.10%	3.56% (Apr 2025)	1.39% (Oct 2025)	1.98 L	0.00	Large Cap	13.96
Adani Energy Solutions Ltd.	Power - transmission	1.37	262	1.37%	-0.07%	1.9% (Mar 2025)	0.7% (Feb 2025)	2.66 L	-0.30 L	Mid Cap	13.38
MTAR Technologies Ltd.	Aerospace & defense	1.82	250.1	1.31%	0.82%	1.31% (Oct 2025)	0% (Nov 2024)	98.15 k	50.85 k	Other	52.01
Delhivery Ltd.	Logistics solution provider	2.79	243.8	1.27%	0.29%	1.27% (Oct 2025)	0% (Nov 2024)	5.23 L	1.33 L	Other	52.01
# Dr. Agarwals Health Care Ltd.	Hospital	4.07	242.4	1.27%	1.27%	1.27% (Oct 2025)	0% (Nov 2024)	4.79 L	4.79 L	Other	52.01
Max Financial Services Ltd.	Life insurance	1.88	238.7	1.25%	-0.79%	2.16% (Aug 2025)	0.85% (Dec 2024)	1.54 L	-0.77 L	Mid Cap	13.38
Vintage Coffee And Beverages Ltd.	Trading & distributors	1.24	237.6	1.24%	0.04%	1.34% (Jul 2025)	0.73% (Feb 2025)	14.50 L	0.00	Small Cap	19.4
Tata Communications Ltd.	Telecom - cellular & fixed line services	1.22	234.4	1.22%	0.24%	1.22% (Oct 2025)	0% (Nov 2024)	1.25 L	16.78 k	Mid Cap	13.38
Tilaknagar Industries Ltd.	Breweries & distilleries	1.19	228.4	1.19%	0.13%	1.36% (Nov 2024)	0.74% (Mar 2025)	4.33 L	8.12 k	Small Cap	19.4
Godrej Properties Ltd.	Residential, commercial projects	3.14	219.6	1.15%	0.09%	1.36% (Jun 2025)	0% (Nov 2024)	95.96 k	0.00	Mid Cap	13.38
InterGlobe Aviation Ltd.	Airline	1.14	217.6	1.14%	-0.07%	1.85% (Jun 2025)	1.14% (Jan 2025)	38.69 k	0.00	Large Cap	13.96
- Tega Industries Ltd.	Industrial products	1.11	212.4	1.11%	0.00%	1.11% (Sep 2025)	0.45% (Nov 2024)	1.10 L	4.91 k	Other	52.01
Prestige Estates Projects Ltd.	Residential, commercial projects	3.14	210.8	1.10%	0.08%	1.25% (Jun 2025)	0% (Nov 2024)	1.21 L	0.00	Mid Cap	13.38
Aster DM Healthcare Ltd.	Hospital	4.07	210.8	1.10%	0.06%	2.51% (Nov 2024)	0% (Nov 2024)	3.11 L	14.21 k	Small Cap	19.4
Ethos Ltd.	Gems, jewellery and watches	1.93	204.5	1.07%	0.07%	1.25% (May 2025)	0.89% (Aug 2025)	70.47 k	0.00	Other	52.01
Stove Kraft Ltd.	Household appliances	2.76	200.8	1.05%	-0.01%	1.79% (Jan 2025)	1.05% (Oct 2025)	2.55 L	-0.26 L	Other	52.01
KFIN Technologies Ltd.	Financial technology (fintech)	6.89	193.1	1.01%	0.04%	1.34% (May 2025)	0% (Nov 2024)	1.76 L	10.51 k	Other	52.01
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	10.01	187.4	0.98%	0.19%	0.98% (Oct 2025)	0% (Nov 2024)	52.63 k	13.50 k	Mid Cap	13.38
Jupiter Life Line Hospitals Ltd.	Hospital	4.07	180	0.94%	-0.02%	0.96% (Sep 2025)	0% (Nov 2024)	1.13 L	0.00	Other	52.01
Honasa Consumer Ltd.	Retailing	0.91	173.9	0.91%	-0.04%	1.06% (Jun 2025)	0% (Nov 2024)	6.12 L	6.21 k	Other	52.01
Vedanta Ltd.	Diversified metals	0.89	171	0.89%	0.08%	1.03% (Mar 2025)	0.76% (Aug 2025)	3.46 L	36.00 k	Large Cap	13.96
Sobha Ltd.	Residential, commercial projects	3.14	169.9	0.89%	-0.01%	1.05% (Dec 2024)	0.88% (Aug 2025)	1.05 L	0.00	Small Cap	19.4
- Thangamayil Jewellery Ltd.	Gems, jewellery and watches	1.93	164.9	0.86%	0.00%	1% (Aug 2025)	0.85% (Jul 2025)	76.02 k	0.00	Small Cap	19.4
Devyani International Ltd.	Restaurants	0.86	163.8	0.86%	-0.17%	1.16% (Feb 2025)	0.64% (Jul 2025)	10.12 L	-0.86 L	Other	52.01
Bajaj Auto Ltd.	2/3 wheelers	4.5	162.2	0.85%	-0.14%	1.03% (Aug 2025)	0.79% (Dec 2024)	18.24 k	-2.13 k	Large Cap	13.96
Electronics Mart lndia Ltd.	Speciality retail	1.34	160.4	0.84%	0.01%	0.91% (Nov 2024)	0.5% (Mar 2025)	10.62 L	0.00	Other	52.01
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	2.76	158.1	0.83%	-0.43%	1.45% (Aug 2025)	0% (Nov 2024)	64.81 k	-0.22 L	Other	52.01
Tech Mahindra Ltd.	Computers - software & consulting	3.27	151.1	0.79%	-0.55%	1.64% (Jun 2025)	0% (Nov 2024)	1.06 L	-0.66 L	Large Cap	13.96
3M India Ltd.	Diversified	0.79	151	0.79%	-0.05%	1.15% (Jan 2025)	0.77% (May 2025)	5.11 k	0.00	Mid Cap	13.38
Optiemus Infracom Ltd.	Telecom - equipment & accessories	0.78	150.1	0.78%	-0.09%	0.87% (Sep 2025)	0% (Nov 2024)	2.57 L	5.55 k	Small Cap	19.4
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	3.31	150	0.78%	-0.22%	1.22% (Mar 2025)	0.78% (Oct 2025)	2.04 L	-0.37 L	Small Cap	19.4
Godawari Power and Ispat Ltd.	Steel products	0.78	149.5	0.78%	0.06%	1.06% (Nov 2024)	0.72% (Sep 2025)	5.27 L	0.00	Other	52.01
Krn Heat Exchanger and Refrigeration Ltd.	Other industrial products	0.78	149.1	0.78%	-0.02%	1.06% (Jan 2025)	0.44% (Mar 2025)	1.89 L	19.38 k	Other	52.01
Saregama India Ltd.	Media & entertainment	0.77	148	0.77%	-0.07%	0.95% (Mar 2025)	0.69% (Aug 2025)	3.25 L	4.15 k	Other	52.01
Prudent Corporate Advisory Services Ltd.	Financial products distributor	0.77	146.9	0.77%	-0.06%	1.69% (Nov 2024)	0.77% (Oct 2025)	57.50 k	0.00	Other	52.01
Fortis Healthcare Ltd.	Hospital	4.07	145.3	0.76%	-0.01%	0.86% (Aug 2025)	0% (Nov 2024)	1.42 L	0.00	Other	52.01
The Ramco Cements Ltd.	Cement & cement products	0.74	142.6	0.74%	-0.01%	0.85% (Jul 2025)	0% (Nov 2024)	1.37 L	0.00	Mid Cap	13.38
Suraksha Diagnostic Ltd.	Healthcare service provider	0.73	140.3	0.73%	-0.01%	0.94% (Jan 2025)	0% (Nov 2024)	4.41 L	0.00	Other	52.01
Sona BLW Precision Forgings Ltd.	Auto components & equipments	1.41	136.6	0.71%	0.04%	1.15% (Feb 2025)	0.67% (Sep 2025)	2.89 L	0.00	Other	52.01
WABCO India Ltd.	Auto components & equipments	1.41	133.8	0.70%	-0.08%	1% (Jun 2025)	0.12% (May 2025)	10.77 k	0.00	Mid Cap	13.38
# Canara HSBC Life Insurance Co.Ltd.	Life insurance	1.88	121.3	0.63%	0.63%	0.63% (Oct 2025)	0% (Nov 2024)	10.43 L	10.43 L	Other	52.01
BSE Ltd.	Exchange and data platform	0.6	114.9	0.60%	0.17%	0.6% (Oct 2025)	0% (Nov 2024)	46.36 k	8.78 k	Small Cap	19.4
Power Mech Projects Ltd.	Civil construction	0.59	112.4	0.59%	-0.09%	1.03% (Nov 2024)	0.59% (Oct 2025)	45.03 k	0.00	Small Cap	19.4
Affle India Ltd.	It enabled services	2.58	112.2	0.59%	0.25%	1.6% (Apr 2025)	0.34% (Sep 2025)	58.10 k	26.57 k	Other	52.01
Zaggle Prepaid Ocean Service Pvt Ltd.	It enabled services	2.58	110.7	0.58%	-0.19%	1.6% (Jan 2025)	0% (Nov 2024)	2.97 L	-1.00 L	Other	52.01
Bharat Electronics Ltd.	Aerospace & defense	1.82	97	0.51%	-0.06%	1.17% (Jan 2025)	0.49% (Mar 2025)	2.28 L	-0.23 L	Mid Cap	13.38
Vedant Fashions Ltd.	Speciality retail	1.34	94.9	0.50%	-0.18%	1.52% (Nov 2024)	0.5% (Oct 2025)	1.47 L	-0.29 L	Other	52.01
Rashi Peripherals Ltd.	Computers hardware & equipments	0.49	94.4	0.49%	-0.03%	1.07% (Nov 2024)	0.47% (Aug 2025)	2.88 L	0.00	Other	52.01
Syngene International Ltd.	Healthcare research, analytics & technology	0.49	94.1	0.49%	-0.46%	2.41% (Nov 2024)	0.49% (Oct 2025)	1.45 L	-1.28 L	Mid Cap	13.38
Shilpa Medicare Ltd.	Pharmaceuticals	10.01	84.2	0.44%	-0.06%	1.36% (Nov 2024)	0.44% (Oct 2025)	2.39 L	1.19 L	Small Cap	19.4
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	1.93	84.1	0.44%	-0.32%	3.26% (Feb 2025)	0.44% (Oct 2025)	49.56 k	-0.35 L	Other	52.01
HDFC Bank Ltd.	Private sector bank	4.02	80.1	0.42%	-0.01%	0.49% (Jul 2025)	0% (Nov 2024)	81.12 k	0.00	Other	52.01
Triveni Turbine Ltd.	Heavy electrical equipment	3.31	79.5	0.00%	-0.44%	-	-	-	-	Small Cap	19.4
Neuland Laboratories Ltd.	Pharmaceuticals	10.01	74.7	0.00%	-0.42%	-	-	-	-	Small Cap	19.4
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	1.22	122.2	0.00%	-0.68%	-	-	-	-	Other	52.01

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Canara HSBC Life Insurance Co.Ltd.	Life insurance	121.3	0.63%	0.63%	0.63% (Oct 2025)	0% (Nov 2024)	10.43 L	1042599
# Dr. Agarwals Health Care Ltd.	Hospital	242.4	1.27%	1.27%	1.27% (Oct 2025)	0% (Nov 2024)	4.79 L	478712

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Triveni Turbine Ltd.	Heavy electrical equipment	79.5	0.00%	-0.44%	0.46% (Aug 2025)	0% (Nov 2024)	-153094
Neuland Laboratories Ltd.	Pharmaceuticals	74.7	0.00%	-0.42%	1.25% (Jan 2025)	0% (Nov 2024)	-5112
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	122.2	0.00%	-0.68%	3.13% (Mar 2025)	0% (Nov 2024)	-86793

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Eternal Ltd.	5.10%	5.18%	5.02%	5.02%	4.24%	4.10%	4.12%	7.18%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	3.96%	3.49%	2.85%	3.05%	2.95%
One 97 Communications Ltd.	5.88%	5.08%	5.23%	4.61%	3.83%	3.93%	3.94%	3.55%	3.50%	3.34%	3.50%	3.23%	2.37%
AstraZeneca Pharma India Ltd.	3.79%	3.79%	3.57%	3.92%	3.70%	3.64%	4.05%	4.04%	3.55%	3.47%	3.33%	3.18%	3.77%
Bajaj Finserv Ltd	3.24%	3.33%	2.97%	2.58%	2.80%	2.93%	3.38%	3.57%	-	-	-	-	-
Bajaj Finance Ltd.	-	-	-	-	-	-	-	-	3.57%	3.05%	2.44%	2.57%	2.79%
Varun Beverages Ltd.	2.39%	2.27%	2.55%	2.79%	2.53%	2.68%	3.12%	3.23%	2.74%	2.68%	3.00%	2.99%	2.63%
Jubilant Ingrevia Ltd.	2.69%	2.59%	3.01%	3.31%	3.37%	2.14%	2.12%	2.22%	2.22%	2.23%	2.16%	2.14%	1.97%
Coforge Ltd.	2.48%	2.09%	2.30%	2.38%	2.72%	2.46%	2.32%	2.55%	2.80%	2.74%	2.61%	2.42%	1.82%
Bharti Airtel Ltd. - Partly Paid	-	0.68%	0.88%	0.89%	1.39%	2.00%	3.12%	3.13%	2.98%	2.92%	2.72%	2.75%	2.83%
Axis Bank Ltd.	2.21%	2.17%	2.09%	2.18%	2.50%	1.82%	-	-	-	-	-	-	-
ICICI Bank Ltd.	1.39%	1.49%	1.61%	1.74%	1.78%	1.89%	3.56%	3.25%	3.06%	2.62%	2.01%	1.85%	1.66%
Zinka Logistics Solutions Ltd.	1.52%	2.62%	2.98%	2.22%	2.17%	2.03%	2.21%	2.21%	2.25%	1.88%	1.66%	0.95%	-
Mahindra & Mahindra Ltd.	1.93%	2.04%	1.73%	1.81%	1.88%	1.87%	1.97%	1.95%	2.87%	2.80%	2.00%	1.23%	-
Amber Enterprises India Ltd.	1.71%	2.21%	2.36%	2.27%	2.02%	1.92%	1.95%	2.24%	1.84%	1.95%	1.61%	1.26%	1.30%