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Sectoral / Thematic · Bandhan Mutual Fund · AMFI code 152604Bandhan Innovation Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹3,068 Cr
up ₹125 Cr vs Aug 2026
- Stocks held
- 87
- up 4 vs Aug 2026
- Top 10 weight
- 30.8%
- of the portfolio in its ten largest
- Cash & debt
- 0.9%
- cash, money market and debt
- Moves this month
- 6 in · 2 out
- added to 10, trimmed 41
Bandhan Innovation Fund is an active equity fund in the Sectoral / Thematic category from Bandhan Mutual Fund. In September 2026 it disclosed 87 stocks worth ₹3,068 Cr, up ₹125 Cr from Aug 2026. Its largest positions were Eternal Limited (5.7%), One 97 Communications Limited (4.8%), Bajaj Finserv Limited (3.5%); the ten largest together made up 30.8% of the portfolio, and Retailing was the biggest sector at 11.8% of its equity. Cash and debt stood at 0.9%. Compared with Aug 2026 the fund entered 6 new stocks and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
8%
Top-10 weight is higher than 8% of peers
Breadth
98%
Holds more stocks than 98% of peers
Cash
10%
Holds more cash than 10% 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.
| Eternal Limited | 5.70% | down 0.76 pts | ₹175 Cr | down ₹15.3 Cr | Trimmed |
| One 97 Communications Limited | 4.83% | down 0.22 pts | ₹148 Cr | down ₹50 L | Held |
| Bajaj Finserv Limited | 3.48% | down 0.26 pts | ₹107 Cr | down ₹3.4 Cr | Trimmed |
| ICICI Bank Limited | 2.91% | down 0.27 pts | ₹89.4 Cr | down ₹4.2 Cr | Trimmed |
| Meesho Ltd | 2.82% | up <0.01 pts | ₹86.5 Cr | up ₹3.6 Cr | Added |
| Sterlite Technologies Limited | 2.46% | up 0.44 pts | ₹75.4 Cr | up ₹16.1 Cr | Added |
| AstraZeneca Pharma India Limited | 2.42% | down 0.31 pts | ₹74.3 Cr | down ₹6.2 Cr | Trimmed |
| Coforge Limited | 2.17% | down 0.25 pts | ₹66.6 Cr | down ₹4.6 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.04% | down 0.30 pts | ₹62.4 Cr | down ₹6.4 Cr | Trimmed |
| Reliance Industries Limited | 1.99% | down 0.24 pts | ₹61.2 Cr | down ₹4.6 Cr | Trimmed |
| Honasa Consumer Limited | 1.92% | down 0.37 pts | ₹58.8 Cr | down ₹8.5 Cr | Trimmed |
| MTAR Technologies Limited | 1.91% | up 0.24 pts | ₹58.7 Cr | up ₹9.5 Cr | Added |
| Poonawalla Fincorp Limited | 1.91% | up 0.02 pts | ₹58.6 Cr | up ₹2.9 Cr | Added |
| Bharat Electronics Limited | 1.74% | up 0.04 pts | ₹53.5 Cr | up ₹3.3 Cr | Added |
| E2E Networks Limited | 1.74% | up 0.03 pts | ₹53.4 Cr | up ₹3 Cr | Added |
| Jubilant Ingrevia Limited | 1.71% | down 0.09 pts | ₹52.4 Cr | down ₹46 L | Trimmed |
| Divi's Laboratories Limited | 1.70% | down 0.11 pts | ₹52.1 Cr | down ₹98 L | Trimmed |
| Info Edge (India) Limited | 1.59% | up 0.21 pts | ₹48.9 Cr | up ₹8.2 Cr | Added |
| Bluestone Jewellery And Lifestyle Ltd | 1.58% | up 0.62 pts | ₹48.4 Cr | up ₹20.3 Cr | Added |
| Billionbrains Garage Ventures Ltd | 1.46% | down 0.13 pts | ₹44.9 Cr | down ₹2 Cr | Trimmed |
| Dr Agarwals Health Care Limited | 1.42% | down 0.09 pts | ₹43.7 Cr | down ₹85 L | Trimmed |
| Varun Beverages Limited | 1.39% | up 0.05 pts | ₹42.7 Cr | up ₹3.1 Cr | Added |
| Amber Enterprises India Limited | 1.32% | down 0.25 pts | ₹40.4 Cr | down ₹5.7 Cr | Trimmed |
| Hitachi Energy India Limited | 1.22% | up 1.22 pts | ₹37.3 Cr | up ₹37.3 Cr | New |
| Lalithaa Jewellery Mart Ltd | 1.19% | up 0.32 pts | ₹36.4 Cr | up ₹10.8 Cr | Added |
| Shadowfax Technologies Limited | 1.17% | up 1.17 pts | ₹35.8 Cr | up ₹35.8 Cr | New |
| Cholamandalam Investment and Finance Company Limited | 1.16% | down 0.01 pts | ₹35.6 Cr | up ₹1 Cr | Added |
| TVS Motor Company Limited | 1.13% | down <0.01 pts | ₹34.7 Cr | up ₹1.3 Cr | Added |
| Saregama India Limited | 1.10% | up 0.01 pts | ₹33.9 Cr | up ₹1.8 Cr | Added |
| Tilaknagar Industries Limited | 1.10% | down 0.09 pts | ₹33.7 Cr | down ₹1.3 Cr | Trimmed |
| TD Power Systems Limited | 1.06% | up 0.03 pts | ₹32.7 Cr | up ₹2.1 Cr | Added |
| PhysicsWallah Limited | 1.04% | up 0.13 pts | ₹31.8 Cr | up ₹5.2 Cr | Added |
| Prestige Estates Projects Limited | 1.01% | down 0.06 pts | ₹31.1 Cr | down ₹54 L | Trimmed |
| Rentomojo Limited | 1.01% | up 1.01 pts | ₹31.1 Cr | up ₹31.1 Cr | New |
| NTPC Limited | 1.01% | down 0.06 pts | ₹30.9 Cr | down ₹45 L | Trimmed |
| Adani Ports and Special Economic Zone Limited | 1.00% | up 0.05 pts | ₹30.6 Cr | up ₹2.7 Cr | Added |
| ZF Commercial Vehicle Control Systems India Limited | 0.99% | down 0.02 pts | ₹30.5 Cr | up ₹69 L | Added |
| Vintage Coffee And Beverages Limited | 0.97% | down 0.07 pts | ₹29.7 Cr | down ₹96 L | Trimmed |
| HDFC Bank Limited | 0.96% | up 0.11 pts | ₹29.5 Cr | up ₹4.5 Cr | Added |
| Trent Limited | 0.95% | down 0.14 pts | ₹29.2 Cr | down ₹2.9 Cr | Trimmed |
| The Indian Hotels Company Limited | 0.94% | up 0.04 pts | ₹28.8 Cr | up ₹2.4 Cr | Added |
| Torrent Pharmaceuticals Limited | 0.94% | up 0.04 pts | ₹28.7 Cr | up ₹2.2 Cr | Added |
| Glenmark Pharmaceuticals Limited | 0.93% | down 0.10 pts | ₹28.7 Cr | down ₹1.8 Cr | Trimmed |
| Amagi Media Labs Ltd. | 0.93% | up 0.07 pts | ₹28.4 Cr | up ₹3.3 Cr | Added |
| Craftsman Automation Limited | 0.91% | down 0.09 pts | ₹28 Cr | down ₹1.5 Cr | Trimmed |
| Fortis Healthcare Limited | 0.90% | up 0.12 pts | ₹27.7 Cr | up ₹4.6 Cr | Added |
| Jubilant Pharmova Limited | 0.88% | up 0.09 pts | ₹27.1 Cr | up ₹3.9 Cr | Added |
| Vedanta Aluminium Metal Limited | 0.88% | up 0.04 pts | ₹27 Cr | up ₹2.2 Cr | Added |
| Cash, TREPS & receivables | 0.87% | up 0.38 pts | ₹26.8 Cr | up ₹12.4 Cr | Added |
| Affle (India) Limited | 0.86% | down <0.01 pts | ₹26.4 Cr | up ₹100 L | Added |
What changed, Aug 2026 to Sep 2026
New New positions (6)
- Hitachi Energy India Limited1.2% · ₹37.3 Cr
- Shadowfax Technologies Limited1.2% · ₹35.8 Cr
- Rentomojo Limited1.0% · ₹31.1 Cr
- Cyient Limited0.5% · ₹16.7 Cr
- HEG Graphite Ltd0.5% · ₹15.8 Cr
- PB Fintech Limited0.4% · ₹12 Cr
Exited Exited (2)
- Infosys Limitedwas 0.7% · ₹20.7 Cr
- Tube Investments of India Limitedwas 0.2% · ₹5.5 Cr
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 Transport Services (+1.2 pts) and Commercial Services & Supplies (+1.0 pts), and fell most in IT - Software (−1.0 pts) and Automobiles (−0.5 pts).
- Transport Services1.4% → 2.5%+1.2 pts
- Commercial Services & Supplies0.0% → 1.0%new+1.0 pts
- IT - Services3.4% → 4.1%+0.7 pts
- Telecom - Equipment & Accessories2.1% → 2.6%+0.5 pts
- Electrical Equipment2.6% → 3.1%+0.5 pts
- Aerospace & Defense3.9% → 4.1%+0.2 pts
- IT - Software4.0% → 3.0%−1.0 pts
- Automobiles4.9% → 4.4%−0.5 pts
- Retailing12.3% → 11.8%−0.5 pts
- Personal Products2.3% → 1.9%−0.4 pts
- Insurance1.6% → 1.3%−0.3 pts
- Capital Markets3.2% → 2.9%−0.3 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 |
|---|---|---|
| Retailing | 12.3% | 11.8% |
| Pharmaceuticals & Biotechnology | 9.4% | 9.2% |
| Finance | 6.8% | 6.6% |
| Financial Technology (fintech) | 5.1% | 5.3% |
| Consumer Durables | 5.0% | 4.9% |
| Automobiles | 4.9% | 4.4% |
| Aerospace & Defense | 3.9% | 4.1% |
| IT - Services | 3.4% | 4.1% |
| Healthcare Services | 3.7% | 3.9% |
| Banks | 4.0% | 3.9% |
Allocation in Sep 2026change vs Aug 2026
- Retailing (5)11.8%▼ 0.5 pts
- Pharmaceuticals & Biotechnology (8)9.2%▼ 0.3 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
0.9%
▲ 0.4 pts vs Aug 2026
- Cash alone
- 0.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.5% – 2.0%
- lowest to highest · record 2.0% in Jul 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.