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NS Wealth Research
Bandhan Large & Mid Cap Fund
NSW RANK – 1
For April 2026
Category : Large & Mid Cap Equity Scheme
Who should Invest?
The Bandhan Large & Mid Cap fund is a 13-year-old equity scheme, and was previously called the IDFC Core Equity fund. The fund offers a middle ground in the equity market, providing investors with a balance of stable returns from allocations to India’s blue-chip companies and the opportunity to capture the market’s high growth potential by allocating 35% of the portfolio to mid-cap stocks. The moat of the scheme, relative to other schemes in its category, lies in its portfolio allocation strategy. The fund uses a bottom-up approach to stock picking, conducting in-depth research to identify companies with a strong competitive advantage in their respective industries.
Available Options:
Growth, IDCW (Income Distribution cum Capital Withdrawal) , IDCW Reinvestment:
Latest Returns:
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 4% | 22% | 22% |
Portfolio Details
As on 31-March-2026
| Top Sector Holdings | Details |
|---|---|
| Financials | 26.81% |
| Industrials | 15.08% |
| Energy & Utilities | 14.28% |
| Technology | 12.78% |
| Healthcare | 9.36% |
| Energy & Utilities | 7.57% |
| Healthcare | 6.56% |
| Materials | 5.27% |
| Consumer Discretionary | 5.46% |
| Consumer Staples | 2.59% |
| Diversified | 1.27% |
| Real Estate | 0.99% |
| Portfolio Concentration | Details |
|---|---|
| No. of Stocks | 112 |
| Top 10 Stocks | 25.97% |
| Top 5 Stocks | 14.84% |
| Top 3 Sectors | 56.17% |
| Portfolio P/B Ratio | 2.61 |
| Portfolio P/E Ratio | 19.87 |
| Top Stock Holdings | Details |
|---|---|
| HDFC Bank | 4.11% |
| HDFC AMC | 2.90% |
| One97 Comm | 2.73% |
| Infosys | 2.67% |
| ICICI Bank | 2.43% |
| Reliance Ind | 2.41% |
| ICICI Lombard | 2.29% |
| Axis Bank | 2.25% |
| LIC Housing fin | 2.61% |
| Great Eastern Ship | 2.02% |
FAQ or Frequently Asked Questions
Is it good to invest in the Bandhan Large & Mid Cap Fund?
Whether the fund is good or bad depends on the investor’s time horizon. The fund is not advisable for investors seeking a 1-3-year investment term. As an old fund, it has already established its mettle in delivering stable returns over long periods. Still, it is generally well-suited for investors who are comfortable with a 10%-15% dip in their portfolio value. While the fund offers cushion during market downturns with a 35% minimum allocation to large-cap stocks, the mid-cap portion of the portfolio can be volatile. The additional volatility powers the fund to generate better returns over the Nifty 50 index.
Can one invest in the Bandhan Large & Mid Cap Fund through a Direct plan?
Yes, one can invest in the Bandhan Large & Mid Cap Fund through a Direct plan. The scheme offers both the Direct and Regular Plan. As a Certified Investment Advisor, NS Wealth offers only fee-based mutual fund advisory services, so we consider only direct plans for advisory purposes.
What are the key risks associated with investing in the Bandhan Large & Mid Cap Fund?
Like any other equity scheme, investing in the Bandhan Large & Mid Cap Fund has a few risks that are common to any other equity scheme. These are the common, inherent risks associated with investing in the Indian equity market, such as market volatility stemming from macroeconomic trends, geopolitical issues, or government policy changes. As the fund uses a bottom-up approach in portfolio construction, there can also be additional stock-specific risk. Since the fund is mandated to allocate at least 35% to both large & mid-cap companies, it offers better diversification for any portfolio. The Large-cap part of the scheme offers stability, and the midcap offers an opportunity to generate additional alpha over and above an average Nifty-50 index fund.
Who is the fund manager of the Bandhan Large Cap Scheme?
The primary fund managers of Bandhan Large & Mid Cap are Manish Gunwani and Rahul Agarwal. Manish is a veteran in the mutual fund industry with 30 years of experience and is also the CIO of Bandhan Mutual Fund.
How does Bandhan Large & Mid Cap Fund’s expense ratio compare to its peers?
According to the latest NS Wealth research, the expense ratio for the direct plan is 0.54%, and for the regular plan, it is 1.68%. When we compare the fund’s expense ratio with its peers, it generally falls within the range and can be considered a cheaper alternative in its category.
Disclaimer
The Information in the ranking model and scheme information details is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
Other Rankings: Large Cap | Midcap | Multicap | Large & Mid Cap | Flexicap | Multi Asset Allocation | Aggressive Hybird | Conservative Hybrid | Arbitrage | ELSS | Gilt
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