Mutual Funds

Mutual Funds – A collective pool of money contributed by several investors and managed by a professional fund manager.

  • Ideal for investors who do not have the knowledge or time to invest in stock markets directly
  • Managed by a professional team of Fund Managers & analysts with requisite expertise and skills
  • Flexibility to invest one time or at regular intervals (as Systematic Investment Plan – SIP)
  • Diversification of investments through asset allocation
  • Tax benefits

Systematic Investment Plan (SIP) – A SIP allows an investor to invest regularly where they can put in a small amount every month that is invested in a mutual fund at pre-defined intervals like Daily/Weekly/Monthly/Quarterly or Annual.

  • Flexibility to invest with small amounts and start early investments
  • Power of Compounding – This essentially means 'adding interest on interest,' i.e., the amount of money invested will generate earnings from both the initial principal amount and the accrued interest from the preceding compounding period
  • Rupee Cost Averaging – A fixed amount of money gets invested at regular intervals irrespective of whether the markets are going high or low. This ensures that one would buy more units when the markets are low and lesser units when they are high

Types of Mutual Funds

As per SEBI guidelines on categorisation and rationalisation, Mutual Fund Scheme are broadly classified as below:

Equity Schemes:

  • Primarily invests in equities and equity-related investments
  • Suitable for investors with higher risk appetite and longer investment horizon

Debt Schemes:

  • Primarily invests in bonds or other debt securities and hence ideal for investors looking for regular income generation and capital preservation
  • Investment can be in short term and long term debt securities issued by Govt, public financial institutions, or private limited companies

Hybrid Schemes:

  • Invests in a mix of equities and debt securities
  • Equity-oriented hybrid schemes are ideal for investors looking for growth and some stability
  • Debt-oriented hybrid schemes are suitable for conservative investors looking for a small boost in returns

Solution-Oriented Schemes:

  • Close-ended funds with a lock-in period of 5 years
  • Ideal for investors with a longer investment horizon and with a specific goal or objective in mind, such as retirement planning, child education, child marriage, etc. 

Other Schemes: 

  • These are schemes that invest in various sectors, ETFs, Index, international markets, etc.
  • Ideal for high risk-takers who are well versed with the investment style of the scheme

Names of Mutual Funds 

With reference to SEBI/AMFI/RBI/Others on categorization and rationalization of Mutual Fund Schemes, The Bank presently distributes the following Mutual Fund Schemes from its branches in Metro, Urban and select Semi-Urban locations.


Name of the Fund 


ICICI Prudential Equity and Debt Fund

Aggressive Hybrid 

SBI Equity Hybrid Fund Aggressive Hybrid 
HDFC Hybrid Equity Fund Aggressive Hybrid

ICICI Prudential Balanced Advantage Fund 

Dynamic Asset Allocation/Balanced Advantage Fund

HDFC Balanced Advantage Fund

Dynamic Asset Allocation/Balanced Advantage Fund

Nippon India Balanced Advantage Fund

Dynamic Asset Allocation/Balanced Advantage Fund

SBI Balanced Advantage Fund

Dynamic Asset Allocation/Balanced Advantage Fund

Kotak Balanced Advantage Fund Dynamic Asset Allocation/Balanced Advantage Fund



Name of the Fund  Category 

Mirae Asset Emerging Bluechip Fund

Equity Large & Midcap

HDFC Flexi Cap Fund

Equity Flexi Cap

Kotak Flexicap Fund

Equity Flexi Cap

SBI Flexicap Fund

Equity Flexi Cap

UTI Flexi Cap Fund

Equity Flexi Cap

Aditya Birla Sun Life Flexi Cap Fund

Equity Flexi Cap

Axis Flexi Cap Fund Equity Flexi Cap

Axis Bluechip Fund

Equity Large Cap

SBI Blue Chip Fund

Equity Large Cap

UTI Mastershare Unit Scheme

Equity Large Cap

Mirae Asset Large Cap Fund

Equity Large Cap

HDFC Top 100 Fund

Equity Large Cap

ICICI Prudential Bluechip Fund Equity Large Cap

Kotak Emerging Equity Fund

Equity Mid Cap

Axis Midcap Fund

Equity Mid Cap

Nippon India Growth Fund Equity Mid Cap
UTI Value Opportunities Fund Equity Value
Nippon India Value Fund Equity Value
Aditya Birla Sun Life Pure Value Fund Equity Value
ICICI Prudential Value Discovery Fund Equity Value
Axis Long Term Equity Fund ELSS
Mirae Asset Tax Saver Fund ELSS
UTI Nifty Index Fund Other Index Fund
SBI Multicap Fund Multi-Cap Category
HDFC Multicap Fund Multi-Cap Category
Nippon India Arbitrage Fund Arbitrage
Kotak Equity Arbitrage Fund Arbitrage



Name of the Fund  Category

ICICI Prudential All Seasons Bond Fund

Dynamic Bond

ICICI Prudential Savings Fund Low Duration
SBI Magnum Ultra Short Duration Fund Ultra Short Duration



Currently, Bandhan Bank distributes Schemes of the following Mutual Fund companies:

  • ICICI Prudential Mutual Fund
  • HDFC Mutual Fund 
  • Aditya Birla Sun Life Mutual Fund 
  • UTI Mutual Fund 
  • Kotak Mutual Fund 
  • Nippon India Mutual Fund 
  • Axis Mutual Fund 
  • SBI Mutual Fund 
  • Mirae Asset Mutual Fund
  • Franklin Templeton Mutual Fund

To view Scheme Information Document of AMC click here (SID)

To view Statement of Additional Information of AMC click here (SAI)

To view Key Information Memorandum of AMC click here (KIM)

View Commission disclosure here 

View the complete commission disclosure of our partners below. This is on a best effort basis, rates are updated as, and when actual rates are received from AMCs

  • Resident Individual, Resident Minor, NRI, HUF, Sole Proprietor, Pvt Ltd Company
  • Resident Individual must be:
    • Existing Bandhan Bank account holder as customer ID is mandatory
    • KYC & FATCA compliant

*Conditions apply - For a Resident Minor Guardians KYC will be required


W.e.f. January 1, 2011, all categories of investors in Mutual Funds are required to comply with KYC norms.

With effect from 1st January 2011, any investor (all applicants in a folio) investing into mutual funds through the Investment Services Account would be required to be KYC compliant without which the transactions may be liable to be rejected by the respective mutual fund houses.

Click here to know more about KYC.

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