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Value / Contra · Bandhan Mutual Fund · AMFI code 154598Bandhan Contra Fund
Disclosed for 2 months, Aug 2026 to Sep 2026.
Portfolio value
₹1,712 Cr
down ₹1.1 Cr vs Aug 2026
- Stocks held
- 69
- up 37 vs Aug 2026
- Top 10 weight
- 27.0%
- of the portfolio in its ten largest
- Cash & debt
- 23.2%
- cash, money market and debt
- Moves this month
- 37 in · 0 out
- added to 10, trimmed 4
Bandhan Contra Fund is an active equity fund in the Value / Contra category from Bandhan Mutual Fund. In September 2026 it disclosed 69 stocks worth ₹1,712 Cr, down ₹1.1 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (6.9%), ICICI Bank Limited (3.9%), Reliance Industries Limited (3.5%); the ten largest together made up 27.0% of the portfolio, and Banks was the biggest sector at 19.1% of its equity. Cash and debt stood at 23.2%. Compared with Aug 2026 the fund entered 37 new stocks and exited 0.
Against 26 other Value / Contra funds
Concentration
12%
Top-10 weight is higher than 12% of peers
Breadth
69%
Holds more stocks than 69% of peers
Cash
96%
Holds more cash than 96% of peers
What these mean: concentration · cash
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. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 23.17% | down 49.04 pts | ₹397 Cr | down ₹840 Cr | Trimmed |
| HDFC Bank Limited | 6.90% | up 4.42 pts | ₹118 Cr | up ₹75.6 Cr | Added |
| ICICI Bank Limited | 3.95% | up 2.25 pts | ₹67.6 Cr | up ₹38.5 Cr | Added |
| Reliance Industries Limited | 3.48% | up 1.24 pts | ₹59.5 Cr | up ₹21.2 Cr | Added |
| State Bank of India | 2.11% | up 0.25 pts | ₹36.1 Cr | up ₹4.3 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.98% | down 0.08 pts | ₹33.9 Cr | down ₹1.3 Cr | Trimmed |
| GREAT EASTERN SHIPPING CO. LTD. | 1.82% | up 1.02 pts | ₹31.2 Cr | up ₹17.5 Cr | Added |
| Bajaj Finserv Limited | 1.79% | up 1.79 pts | ₹30.6 Cr | up ₹30.6 Cr | New |
| Kotak Mahindra Bank Limited | 1.71% | up 0.97 pts | ₹29.2 Cr | up ₹16.6 Cr | Added |
| Grasim Industries Limited | 1.66% | up 0.13 pts | ₹28.3 Cr | up ₹2.2 Cr | Added |
| Infosys Limited | 1.62% | up 1.62 pts | ₹27.8 Cr | up ₹27.8 Cr | New |
| Mahindra & Mahindra Limited | 1.58% | up 1.58 pts | ₹27 Cr | up ₹27 Cr | New |
| Adani Ports and Special Economic Zone Limited | 1.54% | up 1.54 pts | ₹26.4 Cr | up ₹26.4 Cr | New |
| ITC Limited | 1.53% | up 1.53 pts | ₹26.3 Cr | up ₹26.3 Cr | New |
| TVS Motor Company Limited | 1.48% | up 0.97 pts | ₹25.3 Cr | up ₹16.7 Cr | Added |
| Tech Mahindra Limited | 1.45% | up 0.45 pts | ₹24.8 Cr | up ₹7.6 Cr | Added |
| General Insurance Corporation of India | 1.40% | up 1.40 pts | ₹24 Cr | up ₹24 Cr | New |
| Eternal Limited | 1.35% | up 0.25 pts | ₹23.1 Cr | up ₹4.3 Cr | Added |
| Larsen & Toubro Limited | 1.31% | up 1.31 pts | ₹22.4 Cr | up ₹22.4 Cr | New |
| Multi Commodity Exchange of India Limited | 1.25% | up 1.25 pts | ₹21.5 Cr | up ₹21.5 Cr | New |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.25% | up 1.25 pts | ₹21.3 Cr | up ₹21.3 Cr | New |
| NTPC Limited | 1.23% | up 0.23 pts | ₹21.1 Cr | up ₹4 Cr | Added |
| Godrej Properties Limited | 1.21% | up 0.72 pts | ₹20.7 Cr | up ₹12.3 Cr | Added |
| Hindustan Zinc Limited | 1.19% | up 1.19 pts | ₹20.4 Cr | up ₹20.4 Cr | New |
| Life Insurance Corporation Of India | 1.16% | up 0.42 pts | ₹19.9 Cr | up ₹7.2 Cr | Added |
| Bharat Electronics Limited | 1.15% | up 0.16 pts | ₹19.8 Cr | up ₹2.8 Cr | Added |
| JSW Steel Limited | 1.13% | up 0.14 pts | ₹19.4 Cr | up ₹2.4 Cr | Added |
| Cholamandalam Financial Holdings Limited | 1.11% | up 0.59 pts | ₹19 Cr | up ₹10.1 Cr | Added |
| National Stock Exchange Of India Ltd | 1.04% | up 1.04 pts | ₹17.8 Cr | up ₹17.8 Cr | New |
| The Indian Hotels Company Limited | 1.03% | down 0.01 pts | ₹17.7 Cr | down ₹22 L | Trimmed |
| Bharat Heavy Electricals Limited | 1.02% | up 0.26 pts | ₹17.5 Cr | up ₹4.4 Cr | Added |
| Adani Energy Solutions Limited | 1.01% | up 0.77 pts | ₹17.3 Cr | up ₹13.2 Cr | Added |
| Bluestone Jewellery And Lifestyle Ltd | 0.98% | up 0.98 pts | ₹16.8 Cr | up ₹16.8 Cr | New |
| Coforge Limited | 0.98% | up 0.98 pts | ₹16.8 Cr | up ₹16.8 Cr | New |
| Avenue Supermarts Limited | 0.96% | up 0.28 pts | ₹16.4 Cr | up ₹4.7 Cr | Added |
| Fortis Healthcare Limited | 0.93% | up 0.93 pts | ₹16 Cr | up ₹16 Cr | New |
| Meesho Ltd | 0.91% | up 0.43 pts | ₹15.5 Cr | up ₹7.3 Cr | Added |
| PhysicsWallah Limited | 0.88% | up 0.88 pts | ₹15.1 Cr | up ₹15.1 Cr | New |
| Lodha Developers Limited | 0.85% | up 0.85 pts | ₹14.5 Cr | up ₹14.5 Cr | New |
| Billionbrains Garage Ventures Ltd | 0.81% | up 0.30 pts | ₹13.8 Cr | up ₹5.1 Cr | Added |
| Biocon Limited | 0.80% | up 0.30 pts | ₹13.7 Cr | up ₹5.2 Cr | Added |
| SBI Life Insurance Company Limited | 0.80% | up 0.80 pts | ₹13.7 Cr | up ₹13.7 Cr | New |
| Poonawalla Fincorp Limited | 0.80% | up 0.80 pts | ₹13.6 Cr | up ₹13.6 Cr | New |
| Hindustan Unilever Limited | 0.78% | up 0.78 pts | ₹13.4 Cr | up ₹13.4 Cr | New |
| Dr Agarwals Health Care Limited | 0.78% | up 0.78 pts | ₹13.4 Cr | up ₹13.4 Cr | New |
| Jindal Stainless Limited | 0.76% | up 0.76 pts | ₹13.1 Cr | up ₹13.1 Cr | New |
| Pidilite Industries Limited | 0.76% | up 0.76 pts | ₹13 Cr | up ₹13 Cr | New |
| Glenmark Pharmaceuticals Limited | 0.76% | up 0.26 pts | ₹13 Cr | up ₹4.5 Cr | Added |
| Vedanta Aluminium Metal Limited | 0.74% | up 0.21 pts | ₹12.7 Cr | up ₹3.7 Cr | Added |
| GE Vernova T&D India Limited | 0.71% | down 0.04 pts | ₹12.2 Cr | down ₹71 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (37)
- Bajaj Finserv Limited1.8% · ₹30.6 Cr
- Infosys Limited1.6% · ₹27.8 Cr
- Mahindra & Mahindra Limited1.6% · ₹27 Cr
- Adani Ports and Special Economic Zone Limited1.5% · ₹26.4 Cr
- ITC Limited1.5% · ₹26.3 Cr
- General Insurance Corporation of India1.4% · ₹24 Cr
- Larsen & Toubro Limited1.3% · ₹22.4 Cr
- Multi Commodity Exchange of India Limited1.3% · ₹21.5 Cr
- Shriram Transport Finance Company Limited
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 Finance (+5.1 pts) and Diversified FMCG (+3.0 pts), and fell most in Pharmaceuticals & Biotechnology (−5.5 pts) and Banks (−5.3 pts).
- Finance1.9% → 7.0%+5.1 pts
- Diversified FMCG0.0% → 3.0%new+3.0 pts
- Healthcare Services0.0% → 2.8%new+2.8 pts
- Capital Markets1.8% → 4.0%+2.2 pts
- Automobiles1.8% → 4.0%+2.2 pts
- Transport Infrastructure0.0% → 2.0%new+2.0 pts
- Pharmaceuticals & Biotechnology11.3% → 5.8%−5.5 pts
- Banks24.4% → 19.1%−5.3 pts
- Retailing8.1% → 4.2%−3.9 pts
- Petroleum Products8.0% → 4.5%−3.5 pts
- Cement & Cement Products5.5% → 2.2%−3.3 pts
- Electrical Equipment6.2% → 3.2%−3.0 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 | 24.4% | 19.1% |
| Finance | 1.9% | 7.0% |
| Pharmaceuticals & Biotechnology | 11.3% | 5.8% |
| IT - Software | 3.6% | 5.3% |
| Petroleum Products | 8.0% | 4.5% |
| Insurance | 2.7% | 4.4% |
| Retailing | 8.1% | 4.2% |
| Capital Markets | 1.8% | 4.0% |
| Automobiles | 1.8% | 4.0% |
| Power | 4.5% | 3.3% |
Allocation in Sep 2026change vs Aug 2026
- Banks (4)19.1%▼ 5.3 pts
- Finance (5)7.0%▲ 5.1 pts
- Pharmaceuticals & Biotechnology (5)5.8%▼ 5.5 pts
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. More on reading cash.
Cash & debt, Sep 2026
23.2%
▼ 49.0 pts vs Aug 2026
- Cash alone
- 23.2%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 23.2% – 72.2%
- lowest to highest · record 72.2% 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.