What stocks does Bandhan Innovation Fund hold?

Bandhan Innovation Fund holds a portfolio of Indian equity stocks disclosed monthly by Bandhan Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Bandhan Innovation Fund?

Bandhan Innovation Fund is managed by Bandhan Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Bandhan Innovation Fund?

Bandhan Innovation Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Bandhan Innovation Fund portfolio data updated?

Portfolio holdings for Bandhan Innovation Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Bandhan Mutual Fund

Bandhan Innovation Fund - Direct Plan - Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹2,163.89 Cr

Equity only, excl. debt & cash

Top 5 Weight

20.0%

Diversified

Top 10 Weight

31.5%

Diversified

Changes

4 new · 2 exits

Top Sector

Pharmaceuticals & Biotechnology

9.8% of portfolio

📋 What Happened This Month Bandhan Innovation Fund made 4 new additions and exited 2 stocks this month. The biggest new buy was Billionbrains Garage Ventures Ltd (Capital Markets) at 1.54% weight. The Ramco Cements Limited was the biggest exit (Cement & Cement Products), which was held at 0.69%. Among existing holdings, Sterlite Technologies Limited saw the biggest increase — now at 1.64% of the portfolio. HDFC Bank Limited was trimmed the most, now at 0.92%. Eternal Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 9.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Bandhan Innovation Fund - Direct Plan - Growth

+3.42%

+19.51%

+7.82%

+14.25%

Latest NAV

₹14.66

24 Jun 2026

52W High

₹14.78

-1% from High

52W Low

₹10.62

+38% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+4.8%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

12.3%

+ve in 100% windows

31.2% / 1.4%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-19.7%

Rec: Jul 2025 (7 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹14.66 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Bandhan Innovation Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹14.66

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	10.0%	9.6%	▼ -0.4%
Retailing	10.4%	9.2%	▼ -1.1%
Finance	6.2%	6.4%	▲ +0.3%
Banks	5.8%	5.7%	▼ -0.2%
Automobiles	6.0%	5.5%	▼ -0.5%
Financial Technology (Fintech)	4.3%	4.5%	▲ +0.2%
Consumer Durables	4.3%	4.4%	● +0.1%
Healthcare Services	3.9%	3.9%	● +0.0%
IT - Software	4.0%	3.6%	▼ -0.3%
Auto Components	3.5%	3.5%	● +0.0%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	9.6%	9.8%	▲ +0.2%
Retailing	9.2%	9.0%	▼ -0.3%
Finance	6.4%	6.6%	▲ +0.2%
Automobiles	5.5%	5.0%	▼ -0.5%
Banks	5.7%	4.6%	▼ -1.1%
Consumer Durables	4.4%	4.3%	▼ -0.1%
Financial Technology (Fintech)	4.5%	4.2%	▼ -0.3%
IT - Software	3.6%	3.8%	▲ +0.1%
IT - Services	3.3%	3.6%	▲ +0.4%
Auto Components	3.5%	3.5%	● 0.0%

🟢

Biggest New Buy

Billionbrains Garage Ventures Ltd

1.54% weight · Capital Markets

🔴

Biggest Exit

The Ramco Cements Limited

0.69% was held · Cement & Cement Products

↑

Biggest Add

Sterlite Technologies Limited

+0.66% · now 1.64%

↓

Biggest Trim

HDFC Bank Limited

-0.87% · now 0.92%

🤝 Other funds also bought this month

Billionbrains Garage Ventures Ltd 66 funds

Usha Martin Limited 7 funds

Novartis India Limited 2 funds

Afcom Holdings Limited 1 fund

👋 Other funds also exited

The Ramco Cements Limited 4 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 4 New Entries 🔴 2 Exits ↑ 25 Increased ↓ 49 Decreased

#	Stock	Sector	Weight (May 2026)
1	Billionbrains Garage Ventures Ltd ₹34.02 Cr	Capital Markets	1.54%
2	Usha Martin Limited ₹11.07 Cr	Industrial Products	0.50%
3	Afcom Holdings Limited ₹10.02 Cr	Transport Services	0.45%
4	Novartis India Limited ₹6.23 Cr	Pharmaceuticals & Biotechnology	0.28%

#	Stock	Sector	Last Weight (Apr 2026)
1	The Ramco Cements Limited ₹14.45 Cr	Cement & Cement Products	0.69%
2	EMUDHRA LIMITED ₹1.05 Cr	IT - Services	0.05%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Sterlite Technologies Limited ₹36.23 Cr	Telecom - Equipment & Accessories	0.98%	1.64%	+0.66%
2	Bajaj Finserv Limited ₹80.82 Cr	Finance	3.27%	3.67%	+0.40%
3	Saregama India Limited ₹25.26 Cr	Entertainment	0.82%	1.15%	+0.33%
4	Honasa Consumer Limited ₹51.85 Cr	Personal Products	2.07%	2.35%	+0.28%
5	Coforge Limited ₹50.26 Cr	IT - Software	2.06%	2.28%	+0.22%
6	Bharat Electronics Limited ₹27.54 Cr	Aerospace & Defense	1.04%	1.25%	+0.21%
7	Affle 3i Limited ₹22.43 Cr	IT - Services	0.81%	1.02%	+0.21%
8	E2E Networks Limited ₹35.16 Cr	IT - Services	1.40%	1.59%	+0.19%
9	ABB India Limited ₹20.59 Cr	Electrical Equipment	0.76%	0.93%	+0.17%
10	AstraZeneca Pharma India Limited ₹82.35 Cr	Pharmaceuticals & Biotechnology	3.63%	3.74%	+0.11%
11	Dr Agarwals Health Care Limited ₹32.42 Cr	Healthcare Services	1.36%	1.47%	+0.11%
12	Meesho Ltd ₹16.21 Cr	Retailing	0.64%	0.74%	+0.10%
13	Rashi Peripherals Ltd ₹14.53 Cr	It - Hardware	0.57%	0.66%	+0.09%
14	Trent Limited ₹22.52 Cr	Retailing	0.95%	1.02%	+0.07%
15	Adani Ports and Special Economic Zone Limited ₹31.61 Cr	Transport Infrastructure	1.38%	1.43%	+0.05%
16	Tube Investments of India Limited ₹30.54 Cr	Auto Components	1.36%	1.39%	+0.03%
17	Sai Life Sciences Limited ₹23.41 Cr	Pharmaceuticals & Biotechnology	1.03%	1.06%	+0.03%
18	Jubilant Pharmova Limited ₹22.88 Cr	Pharmaceuticals & Biotechnology	1.01%	1.04%	+0.03%
19	GE Vernova T&D India Limited ₹43.00 Cr	Electrical Equipment	1.93%	1.95%	+0.02%
20	Thangamayil Jewellery Limited ₹34.30 Cr	Consumer Durables	1.54%	1.56%	+0.02%
21	Vintage Coffee And Beverages Limited ₹25.40 Cr	Commercial Services & Supplies	1.13%	1.15%	+0.02%
22	Tega Industries Limited ₹20.59 Cr	Industrial Manufacturing	0.92%	0.93%	+0.01%
23	Hindustan Zinc Limited ₹17.75 Cr	Non - Ferrous Metals	0.80%	0.81%	+0.01%
24	Jupiter Life Line Hospitals Ltd ₹9.22 Cr	Healthcare Services	0.41%	0.42%	+0.01%
25	Amir Chand Jagdish Kumar (Exports) Ltd ₹6.30 Cr	Agricultural Food & other Products	0.28%	0.29%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	HDFC Bank Limited ₹20.18 Cr	Banks	1.79%	0.92%	-0.87%
2	Fortis Healthcare Limited ₹21.22 Cr	Healthcare Services	1.53%	0.96%	-0.57%
3	Tata Communications Limited ₹11.14 Cr	Telecom - Services	0.98%	0.51%	-0.47%
4	Ather Energy Limited ₹24.12 Cr	Automobiles	1.44%	1.09%	-0.35%
5	One 97 Communications Limited ₹92.62 Cr	Financial Technology (Fintech)	4.53%	4.20%	-0.33%
6	Jubilant Ingrevia Limited ₹50.66 Cr	Chemicals & Petrochemicals	2.63%	2.30%	-0.33%
7	Reliance Industries Limited ₹50.26 Cr	Petroleum Products	2.59%	2.28%	-0.31%
8	Avenue Supermarts Limited ₹12.63 Cr	Retailing	0.79%	0.57%	-0.22%
9	ICICI Bank Limited ₹80.82 Cr	Banks	3.87%	3.67%	-0.20%
10	Inox Green Energy Services Ltd ₹5.23 Cr	Power	0.43%	0.24%	-0.19%
11	KRN Heat Exchanger & Refrigeration Ltd ₹10.96 Cr	Industrial Products	0.67%	0.50%	-0.17%
12	Poonawalla Fincorp Limited ₹36.79 Cr	Finance	1.83%	1.67%	-0.16%
13	Max Financial Services Limited ₹21.40 Cr	Insurance	1.13%	0.97%	-0.16%
14	NTPC Limited ₹36.12 Cr	Power	1.77%	1.64%	-0.13%
15	Eternal Limited ₹104.43 Cr	Retailing	4.86%	4.74%	-0.12%
16	Mahindra & Mahindra Limited ₹47.05 Cr	Automobiles	2.25%	2.13%	-0.12%
17	Glenmark Pharmaceuticals Limited ₹25.69 Cr	Pharmaceuticals & Biotechnology	1.29%	1.17%	-0.12%
18	Jubilant Foodworks Limited ₹16.42 Cr	Leisure Services	0.87%	0.75%	-0.12%
19	MTAR Technologies Limited ₹44.50 Cr	Aerospace & Defense	2.13%	2.02%	-0.11%
20	Amber Enterprises India Limited ₹38.60 Cr	Consumer Durables	1.86%	1.75%	-0.11%
21	Prestige Estates Projects Limited ₹30.21 Cr	Realty	1.48%	1.37%	-0.11%
22	Torrent Pharmaceuticals Limited ₹17.03 Cr	Pharmaceuticals & Biotechnology	0.87%	0.77%	-0.10%
23	Electronics Mart India Limited ₹12.29 Cr	Retailing	0.64%	0.56%	-0.08%
24	TILAKNAGAR INDUSTRIES LIMITED ₹23.27 Cr	Beverages	1.13%	1.06%	-0.07%
25	Cholamandalam Investment and Finance Company Ltd ₹27.93 Cr	Finance	1.33%	1.27%	-0.06%
26	Godrej Properties Limited ₹22.39 Cr	Realty	1.08%	1.02%	-0.06%
27	Infosys Limited ₹20.65 Cr	IT - Software	1.00%	0.94%	-0.06%
28	Varun Beverages Limited ₹50.91 Cr	Beverages	2.36%	2.31%	-0.05%
29	KFin Technologies Limited ₹19.83 Cr	Capital Markets	0.95%	0.90%	-0.05%
30	Black Buck Ltd ₹12.85 Cr	Transport Services	0.63%	0.58%	-0.05%
31	Pearl Global Industries Limited ₹5.70 Cr	Textiles & Apparels	0.31%	0.26%	-0.05%
32	Info Edge (India) Limited ₹28.06 Cr	Retailing	1.31%	1.27%	-0.04%
33	Eicher Motors Limited ₹26.36 Cr	Automobiles	1.24%	1.20%	-0.04%
34	Sona BLW Precision Forgings Limited ₹17.88 Cr	Auto Components	0.85%	0.81%	-0.04%
35	ETHOS LIMITED ₹15.83 Cr	Consumer Durables	0.76%	0.72%	-0.04%
36	3M India Limited ₹15.56 Cr	Diversified	0.75%	0.71%	-0.04%
37	Cohance Lifesciences Limited ₹7.38 Cr	Pharmaceuticals & Biotechnology	0.37%	0.33%	-0.04%
38	Divi's Laboratories Limited ₹30.81 Cr	Pharmaceuticals & Biotechnology	1.43%	1.40%	-0.03%
39	Power Mech Projects Limited ₹12.67 Cr	Construction	0.60%	0.57%	-0.03%
40	Suraksha Diagnostic Ltd ₹12.61 Cr	Healthcare Services	0.60%	0.57%	-0.03%
41	Tech Mahindra Limited ₹11.99 Cr	IT - Software	0.57%	0.54%	-0.03%
42	OPTIEMUS INFRACOM LIMITED ₹8.12 Cr	Telecom - Equipment & Accessories	0.40%	0.37%	-0.03%
43	ZF Commercial Vehicle Control Systems India Limited ₹28.75 Cr	Auto Components	1.32%	1.30%	-0.02%
44	Talwandi Sabo Power Limited ₹7.32 Cr	Power	0.35%	0.33%	-0.02%
45	Vedanta Aluminium Metal Limited ₹7.32 Cr	Metals & Minerals Trading	0.35%	0.33%	-0.02%
46	Malco Energy Limited ₹7.32 Cr	Power	0.35%	0.33%	-0.02%
47	Vedanta Iron And Steel Limited ₹7.32 Cr	Metals & Minerals Trading	0.35%	0.33%	-0.02%
48	Canara HSBC Life Insurance Co Ltd ₹20.66 Cr	Insurance	0.95%	0.94%	-0.01%
49	The Indian Hotels Company Limited ₹18.23 Cr	Leisure Services	0.84%	0.83%	-0.01%

What Stocks Does This Fund Hold?

82 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Eternal Limited ₹104.43 Cr	Retailing	4.74%
2	One 97 Communications Limited ₹92.62 Cr	Financial Technology (Fintech)	4.20%
3	AstraZeneca Pharma India Limited ₹82.35 Cr	Pharmaceuticals & Biotechnology	3.74%
4	ICICI Bank Limited ₹80.82 Cr	Banks	3.67%
5	Bajaj Finserv Limited ₹80.82 Cr	Finance	3.67%
6	Honasa Consumer Limited ₹51.85 Cr	Personal Products	2.35%
7	Varun Beverages Limited ₹50.91 Cr	Beverages	2.31%
8	Jubilant Ingrevia Limited ₹50.66 Cr	Chemicals & Petrochemicals	2.30%
9	Reliance Industries Limited ₹50.26 Cr	Petroleum Products	2.28%
10	Coforge Limited ₹50.26 Cr	IT - Software	2.28%
11	Mahindra & Mahindra Limited ₹47.05 Cr	Automobiles	2.13%
12	MTAR Technologies Limited ₹44.50 Cr	Aerospace & Defense	2.02%
13	GE Vernova T&D India Limited ₹43.00 Cr	Electrical Equipment	1.95%
14	Amber Enterprises India Limited ₹38.60 Cr	Consumer Durables	1.75%
15	Poonawalla Fincorp Limited ₹36.79 Cr	Finance	1.67%
16	Sterlite Technologies Limited ₹36.23 Cr	Telecom - Equipment & Accessories	1.64%
17	NTPC Limited ₹36.12 Cr	Power	1.64%
18	E2E Networks Limited ₹35.16 Cr	IT - Services	1.59%
19	Thangamayil Jewellery Limited ₹34.30 Cr	Consumer Durables	1.56%
20	Billionbrains Garage Ventures Ltd ₹34.02 Cr	Capital Markets	1.54%
21	Dr Agarwals Health Care Limited ₹32.42 Cr	Healthcare Services	1.47%
22	Adani Ports and Special Economic Zone Limited ₹31.61 Cr	Transport Infrastructure	1.43%
23	Divi's Laboratories Limited ₹30.81 Cr	Pharmaceuticals & Biotechnology	1.40%
24	Tube Investments of India Limited ₹30.54 Cr	Auto Components	1.39%
25	Prestige Estates Projects Limited ₹30.21 Cr	Realty	1.37%
26	ZF Commercial Vehicle Control Systems India Limited ₹28.75 Cr	Auto Components	1.30%
27	Info Edge (India) Limited ₹28.06 Cr	Retailing	1.27%
28	Cholamandalam Investment and Finance Company Ltd ₹27.93 Cr	Finance	1.27%
29	Bharat Electronics Limited ₹27.54 Cr	Aerospace & Defense	1.25%
30	Eicher Motors Limited ₹26.36 Cr	Automobiles	1.20%
31	Glenmark Pharmaceuticals Limited ₹25.69 Cr	Pharmaceuticals & Biotechnology	1.17%
32	Saregama India Limited ₹25.26 Cr	Entertainment	1.15%
33	Vintage Coffee And Beverages Limited ₹25.40 Cr	Commercial Services & Supplies	1.15%
34	Ather Energy Limited ₹24.12 Cr	Automobiles	1.09%
35	Sai Life Sciences Limited ₹23.41 Cr	Pharmaceuticals & Biotechnology	1.06%
36	TILAKNAGAR INDUSTRIES LIMITED ₹23.27 Cr	Beverages	1.06%
37	Jubilant Pharmova Limited ₹22.88 Cr	Pharmaceuticals & Biotechnology	1.04%
38	Trent Limited ₹22.52 Cr	Retailing	1.02%
39	Affle 3i Limited ₹22.43 Cr	IT - Services	1.02%
40	Godrej Properties Limited ₹22.39 Cr	Realty	1.02%
41	AMAGI MEDIA LABS LTD ₹21.71 Cr	IT - Services	0.99%
42	Max Financial Services Limited ₹21.40 Cr	Insurance	0.97%
43	Fortis Healthcare Limited ₹21.22 Cr	Healthcare Services	0.96%
44	Canara HSBC Life Insurance Co Ltd ₹20.66 Cr	Insurance	0.94%
45	Infosys Limited ₹20.65 Cr	IT - Software	0.94%
46	Tega Industries Limited ₹20.59 Cr	Industrial Manufacturing	0.93%
47	ABB India Limited ₹20.59 Cr	Electrical Equipment	0.93%
48	HDFC Bank Limited ₹20.18 Cr	Banks	0.92%
49	KFin Technologies Limited ₹19.83 Cr	Capital Markets	0.90%
50	The Indian Hotels Company Limited ₹18.23 Cr	Leisure Services	0.83%
51	Sona BLW Precision Forgings Limited ₹17.88 Cr	Auto Components	0.81%
52	Hindustan Zinc Limited ₹17.75 Cr	Non - Ferrous Metals	0.81%
53	Torrent Pharmaceuticals Limited ₹17.03 Cr	Pharmaceuticals & Biotechnology	0.77%
54	Jubilant Foodworks Limited ₹16.42 Cr	Leisure Services	0.75%
55	Meesho Ltd ₹16.21 Cr	Retailing	0.74%
56	ETHOS LIMITED ₹15.83 Cr	Consumer Durables	0.72%
57	3M India Limited ₹15.56 Cr	Diversified	0.71%
58	Rashi Peripherals Ltd ₹14.53 Cr	It - Hardware	0.66%
59	Bajaj Auto Limited ₹12.92 Cr	Automobiles	0.59%
60	Black Buck Ltd ₹12.85 Cr	Transport Services	0.58%
61	Suraksha Diagnostic Ltd ₹12.61 Cr	Healthcare Services	0.57%
62	Power Mech Projects Limited ₹12.67 Cr	Construction	0.57%
63	Avenue Supermarts Limited ₹12.63 Cr	Retailing	0.57%
64	Electronics Mart India Limited ₹12.29 Cr	Retailing	0.56%
65	Tech Mahindra Limited ₹11.99 Cr	IT - Software	0.54%
66	Tata Communications Limited ₹11.14 Cr	Telecom - Services	0.51%
67	Usha Martin Limited ₹11.07 Cr	Industrial Products	0.50%
68	KRN Heat Exchanger & Refrigeration Ltd ₹10.96 Cr	Industrial Products	0.50%
69	Afcom Holdings Limited ₹10.02 Cr	Transport Services	0.45%
70	Jupiter Life Line Hospitals Ltd ₹9.22 Cr	Healthcare Services	0.42%
71	OPTIEMUS INFRACOM LIMITED ₹8.12 Cr	Telecom - Equipment & Accessories	0.37%
72	Vedanta Iron And Steel Limited ₹7.32 Cr	Metals & Minerals Trading	0.33%
73	Malco Energy Limited ₹7.32 Cr	Power	0.33%
74	Vedanta Aluminium Metal Limited ₹7.32 Cr	Metals & Minerals Trading	0.33%
75	Talwandi Sabo Power Limited ₹7.32 Cr	Power	0.33%
76	Cohance Lifesciences Limited ₹7.38 Cr	Pharmaceuticals & Biotechnology	0.33%
77	Amir Chand Jagdish Kumar (Exports) Ltd ₹6.30 Cr	Agricultural Food & other Products	0.29%
78	Novartis India Limited ₹6.23 Cr	Pharmaceuticals & Biotechnology	0.28%
79	Stove Kraft Limited ₹5.67 Cr	Consumer Durables	0.26%
80	Pearl Global Industries Limited ₹5.70 Cr	Textiles & Apparels	0.26%
81	Inox Green Energy Services Ltd ₹5.23 Cr	Power	0.24%
82	Vedant Fashions Limited ₹1.02 Cr	Retailing	0.05%