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Value / Contra · Bandhan Mutual Fund · AMFI code 108908Bandhan Value Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹9,507 Cr
down ₹473 Cr vs Aug 2026
- Stocks held
- 62
- up 1 vs Aug 2026
- Top 10 weight
- 43.2%
- of the portfolio in its ten largest
- Cash & debt
- 6.3%
- cash, money market and debt
- Moves this month
- 3 in · 2 out
- added to 10, trimmed 43
Bandhan Value Fund is an active equity fund in the Value / Contra category from Bandhan Mutual Fund. In September 2026 it disclosed 62 stocks worth ₹9,507 Cr, down ₹473 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (8.3%), Kotak Mahindra Bank Limited (6.6%), Reliance Industries Limited (6.2%); the ten largest together made up 43.2% of the portfolio, and Banks was the biggest sector at 25.8% of its equity. Cash and debt stood at 6.3%. Compared with Aug 2026 the fund entered 3 new stocks and exited 2.
Against 26 other Value / Contra funds
Concentration
81%
Top-10 weight is higher than 81% of peers
Breadth
50%
Holds more stocks than 50% of peers
Cash
73%
Holds more cash than 73% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.27%
- Δ weight
- up 0.46 pts
- Value
- ₹787 Cr
- Δ value
- up ₹6.8 Cr
- Status
- Added
- Weight
- 6.58%
- Δ weight
- up 0.28 pts
- Value
- ₹626 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 6.24%
- Δ weight
- down 0.15 pts
- Value
- ₹594 Cr
- Δ value
- down ₹45 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 5.82%
- Δ weight
- down 0.28 pts
- Value
- ₹553 Cr
- Δ value
- down ₹55.1 Cr
- Status
- Trimmed
- Weight
- 4.17%
- Δ weight
- down 0.20 pts
- Value
- ₹397 Cr
- Δ value
- down ₹39.7 Cr
- Status
- Trimmed
- Weight
- 3.67%
- Δ weight
- down 0.42 pts
- Value
- ₹349 Cr
- Δ value
- down ₹59.3 Cr
- Status
- Trimmed
- Weight
- 3.48%
- Δ weight
- down 0.04 pts
- Value
- ₹331 Cr
- Δ value
- down ₹20 Cr
- Status
- Trimmed
- Weight
- 3.24%
- Δ weight
- down 0.28 pts
- Value
- ₹308 Cr
- Δ value
- down ₹43.3 Cr
- Status
- Trimmed
- Weight
- 2.63%
- Δ weight
- up 0.45 pts
- Value
- ₹250 Cr
- Δ value
- up ₹32.4 Cr
- Status
- Added
- Weight
- 2.47%
- Δ weight
- up 0.41 pts
- Value
- ₹235 Cr
- Δ value
- up ₹29.4 Cr
- Status
- Added
- Weight
- 2.45%
- Δ weight
- down 0.00 pts
- Value
- ₹233 Cr
- Δ value
- down ₹11.8 Cr
- Status
- Trimmed
- Weight
- 2.31%
- Δ weight
- up 0.13 pts
- Value
- ₹220 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 2.18%
- Δ weight
- down 0.05 pts
- Value
- ₹207 Cr
- Δ value
- down ₹15.7 Cr
- Status
- Trimmed
- Weight
- 2.14%
- Δ weight
- up 0.05 pts
- Value
- ₹203 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 2.13%
- Δ weight
- up 0.25 pts
- Value
- ₹203 Cr
- Δ value
- up ₹14.7 Cr
- Status
- Added
- Weight
- 2.08%
- Δ weight
- up 0.22 pts
- Value
- ₹197 Cr
- Δ value
- up ₹12.6 Cr
- Status
- Added
- Weight
- 1.91%
- Δ weight
- down 0.00 pts
- Value
- ₹182 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- down 0.18 pts
- Value
- ₹179 Cr
- Δ value
- down ₹26.5 Cr
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- up 0.01 pts
- Value
- ₹160 Cr
- Δ value
- down ₹7.2 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- down 0.27 pts
- Value
- ₹155 Cr
- Δ value
- down ₹34.4 Cr
- Status
- Trimmed
- Weight
- 1.58%
- Δ weight
- down 0.14 pts
- Value
- ₹150 Cr
- Δ value
- down ₹21.2 Cr
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- up 0.00 pts
- Value
- ₹141 Cr
- Δ value
- down ₹6.6 Cr
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- down 0.22 pts
- Value
- ₹132 Cr
- Δ value
- down ₹28.3 Cr
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- down 0.30 pts
- Value
- ₹132 Cr
- Δ value
- down ₹36.7 Cr
- Status
- Trimmed
- Weight
- 1.30%
- Δ weight
- up 0.13 pts
- Value
- ₹124 Cr
- Δ value
- up ₹6.5 Cr
- Status
- Added
- Weight
- 1.27%
- Δ weight
- down 0.14 pts
- Value
- ₹121 Cr
- Δ value
- down ₹20.3 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.00 pts
- Value
- ₹121 Cr
- Δ value
- down ₹5.7 Cr
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up 0.01 pts
- Value
- ₹118 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 1.14%
- Δ weight
- down 0.19 pts
- Value
- ₹108 Cr
- Δ value
- down ₹24.1 Cr
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- up 0.02 pts
- Value
- ₹107 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- up 0.03 pts
- Value
- ₹96.8 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.08 pts
- Value
- ₹94.8 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 0.90%
- Δ weight
- down 0.05 pts
- Value
- ₹85.6 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.02 pts
- Value
- ₹85.4 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- up 0.01 pts
- Value
- ₹84.6 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- up 0.89 pts
- Value
- ₹84.3 Cr
- Δ value
- up ₹84.3 Cr
- Status
- New
- Weight
- 0.80%
- Δ weight
- down 0.06 pts
- Value
- ₹76.4 Cr
- Δ value
- down ₹9.9 Cr
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- down 0.02 pts
- Value
- ₹70.7 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- up 0.01 pts
- Value
- ₹68.1 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- up 0.71 pts
- Value
- ₹67.9 Cr
- Δ value
- up ₹67.9 Cr
- Status
- New
- Weight
- 0.69%
- Δ weight
- down 0.00 pts
- Value
- ₹65.4 Cr
- Δ value
- down ₹3.7 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- down 0.03 pts
- Value
- ₹63.1 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Weight
- 0.66%
- Δ weight
- down 0.02 pts
- Value
- ₹62.4 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 0.01 pts
- Value
- ₹61.8 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.62%
- Δ weight
- up 0.04 pts
- Value
- ₹59.1 Cr
- Δ value
- up ₹72 L
- Status
- Added
- Weight
- 0.60%
- Δ weight
- up 0.01 pts
- Value
- ₹56.8 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- down 0.02 pts
- Value
- ₹54.8 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- up 0.58 pts
- Value
- ₹54.8 Cr
- Δ value
- up ₹54.8 Cr
- Status
- New
- Weight
- 0.56%
- Δ weight
- up 0.03 pts
- Value
- ₹53.2 Cr
- Δ value
- down ₹13 L
- Status
- Held
- Weight
- 0.54%
- Δ weight
- up 0.00 pts
- Value
- ₹51.2 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- up 0.04 pts
- Value
- ₹49.7 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- 364 Days Tbill (MDdebt
- Weight
- 0.52%
- Δ weight
- up 0.03 pts
- Value
- ₹49 Cr
- Δ value
- up ₹20 L
- Status
- Held
- Weight
- 0.50%
- Δ weight
- up 0.03 pts
- Value
- ₹47.4 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.45%
- Δ weight
- up 0.06 pts
- Value
- ₹42.4 Cr
- Δ value
- up ₹4.3 Cr
- Status
- Added
- Weight
- 0.44%
- Δ weight
- down 0.02 pts
- Value
- ₹41.5 Cr
- Δ value
- down ₹4.3 Cr
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- up 0.02 pts
- Value
- ₹40.2 Cr
- Δ value
- up ₹11 L
- Status
- Held
- Weight
- 0.42%
- Δ weight
- down 0.01 pts
- Value
- ₹39.5 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- down 0.00 pts
- Value
- ₹37.2 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 0.32%
- Δ weight
- up 0.16 pts
- Value
- ₹30 Cr
- Δ value
- up ₹14 Cr
- Status
- Added
- Weight
- 0.28%
- Δ weight
- up 0.16 pts
- Value
- ₹26.7 Cr
- Δ value
- up ₹15 Cr
- Status
- Added
- Weight
- 0.26%
- Δ weight
- down 0.27 pts
- Value
- ₹24.8 Cr
- Δ value
- down ₹28.1 Cr
- Status
- Trimmed
- Weight
- 0.24%
- Δ weight
- down 0.02 pts
- Value
- ₹22.9 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.00 pts
- Value
- ₹20.8 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 0.20%
- Δ weight
- down 0.08 pts
- Value
- ₹19.1 Cr
- Δ value
- down ₹9 Cr
- Status
- Trimmed
What changed, Aug 2026 to Sep 2026
New New positions (3)
- ICICI Prudential Life Insurance Company Limited0.9% · ₹84.3 Cr
- SBI Life Insurance Company Limited0.7% · ₹67.9 Cr
- RHI Magnesita India Limited0.6% · ₹54.8 Cr
Exited Exited (2)
- Life Insurance Corporation Of Indiawas 1.2% · ₹121 Cr
- Bosch Limitedwas 0.6% · ₹60 Cr
Added Biggest additions
- ITC Limitedup ₹32.4 Cr (+0.45% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Insurance (+1.1 pts) and Industrial Products (+0.7 pts), and fell most in Auto Components (−0.9 pts) and IT - Software (−0.8 pts).
- Insurance5.5% → 6.6%+1.1 pts
- Industrial Products1.8% → 2.5%+0.7 pts
- Diversified FMCG3.9% → 4.4%+0.5 pts
- Banks25.6% → 25.8%+0.2 pts
- Consumer Durables1.7% → 1.8%+0.2 pts
- Fertilizers & Agrochemicals0.9% → 1.0%+0.1 pts
- Auto Components1.2% → 0.3%−0.9 pts
- IT - Software8.1% → 7.4%−0.8 pts
- Finance6.8% → 6.4%−0.4 pts
- Beverages2.3% → 2.1%−0.3 pts
- Telecom - Equipment & Accessories1.7% → 1.5%−0.2 pts
- Retailing4.0% → 3.8%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2026 | Sep 2026 |
|---|---|---|
| Banks | 25.6% | 25.8% |
| IT - Software | 8.1% | 7.4% |
| Petroleum Products | 6.8% | 6.7% |
| Insurance | 5.5% | 6.6% |
| Finance | 6.8% | 6.4% |
| Pharmaceuticals & Biotechnology | 5.2% | 5.3% |
| Diversified FMCG | 3.9% | 4.4% |
| Automobiles | 3.9% | 3.9% |
| Retailing | 4.0% | 3.8% |
| Construction | 3.6% | 3.6% |
Allocation in Sep 2026change vs Aug 2026
- Banks (5)25.8%▲ 0.2 pts
- IT - Software (2)7.4%▼ 0.8 pts
- Petroleum Products (1)
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
6.3%
▼ 0.3 pts vs Aug 2026
- Cash alone
- 5.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 5.8% – 6.6%
- lowest to highest · record 6.6% in Aug 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.