Bandhan Small Cap Fund

Bandhan Mutual FundEquityPortfolio as of 30 September 2026

Bandhan Small Cap Fund holds 269 instruments (87.01% equity), led by Sobha Limited (2.3%), REC Limited (2.13%) and Cholamandalam Financial Holdings Limited (1.9%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

269

Equity Allocation

87.01%

AMC

Bandhan Mutual Fund

Portfolio Analysis

Bandhan Small Cap Fund's top 10 holdings account for 17.35% of its portfolio, more diversified than the Equity category average of 37%. Financial Services is its largest sector exposure at 23.65% of net assets, spread across 13 sectors in total. Since its 31 August 2026 disclosure, the fund added 13 new positions and exited 9 positions, with Power Finance Corporation Limited seeing the largest move (+0.43pp to 0.93%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services

23.65%

Consumer Discretionary

13.8%

Other

13.39%

Industrials

11.62%

Healthcare

8.58%

Materials

7.49%

Real Estate

6.57%

Consumer Staples

4.86%

Information Technology

4.52%

Services

1.45%

Telecommunication

1.35%

Utilities

1.12%

Diversified

0.87%

Energy

0.73%

Top 10 Equity Holdings

Sobha Limited · 2.3%REC Limited · 2.13%Cholamandalam Financial Holdings Limited · 1.9%LT Foods Limited · 1.81%State Bank of India · 1.75%Cyient Limited · 1.62%The South Indian Bank Limited · 1.55%HDFC Bank Limited · 1.46%Arvind Limited · 1.43%Jubilant Pharmova Limited · 1.4%

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

13 new entries9 exits10 increased10 reduced

New Entries

KNOWLEDGE REALTY TRUST · 0.51%ELEVATE CAMPUSES LTD · 0.23%HEG Graphite Limited^ · 0.21%Clean Max Enviro Energy Solutions Limited · 0.2%Viyash Scientific Limited · 0.14%ASSET RECONSTRUCTION CO · 0.12%JM Financial Limited · 0.07%VARMORA GRANITO LTD · 0.07%Honasa Consumer Limited · 0.05%Reliance Industries Limited · 0.05%Nephrocare Health Services Limited · 0.05%BlueStone Jewellery and Lifestyle Limited · 0.03%Natco Pharma Limited · 0%

Complete Exits

Syrma SGS Technology Limited · was 0.13%Steel Strips Wheels Limited · was 0.06%Artemis Medicare Services Limited · was 0.04%Torrent Pharmaceuticals Limited · was 0.04%Jyoti CNC Automation Limited · was 0.04%OnEMI Technology Solutions Limited · was 0.03%JK Paper Limited · was 0.02%STL Networks Limited · was 0.01%Kalpataru Projects International Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
Power Finance Corporation Limited	0.5% → 0.93%	▲ +0.43
HDFC Bank Limited	1.03% → 1.46%	▲ +0.43
Cholamandalam Financial Holdings Limited	1.63% → 1.9%	▲ +0.27
Jubilant Pharmova Limited	1.14% → 1.4%	▲ +0.26
Inox Green Energy Services Limited	0.24% → 0.43%	▲ +0.19
EPL Limited	0.85% → 1.02%	▲ +0.17
Rashi Peripherals Limited	1.08% → 1.24%	▲ +0.16
Godawari Power And Ispat limited	0.67% → 0.81%	▲ +0.14
ESDS SOFTWARE SOLUTION LTD	0.06% → 0.2%	▲ +0.14
Manappuram Finance Limited	0.39% → 0.52%	▲ +0.13

Biggest Weight Reductions

Stock	Weight	Change
REC Limited	2.42% → 2.13%	▼ -0.29
LT Foods Limited	2.1% → 1.81%	▼ -0.29
HEG Limited	0.35% → 0.1%	▼ -0.25
LALITHAA JEWELLERY MART LTD	0.49% → 0.28%	▼ -0.21
Apar Industries Limited	0.63% → 0.49%	▼ -0.14
Shaily Engineering Plastics Limited	1.08% → 0.94%	▼ -0.14
State Bank of India	1.88% → 1.75%	▼ -0.13
Arvind Limited	1.56% → 1.43%	▼ -0.13
One 97 Communications Limited	1% → 0.89%	▼ -0.11
Sobha Limited	2.4% → 2.3%	▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 3 monthly disclosures (Jul – Sept 2026).

Sobha Limited

2.3%

REC Limited

2.13%

Cholamandalam Financial Holdings Limited

1.9%

LT Foods Limited

1.81%

State Bank of India

1.75%

Full Portfolio (269 holdings)

#	Holding	Sector	% to NAV
1	Triparty Repo TRP_011026treps	—	13.42%
2	Sobha Limited	Real Estate	2.3%
3	REC Limited	Financial Services	2.13%
4	Cholamandalam Financial Holdings Limited	Financial Services	1.9%
5	LT Foods Limited	Consumer Staples	1.81%
6	State Bank of India	Financial Services	1.75%
7	Cyient Limited	Information Technology	1.62%
8	The South Indian Bank Limited	Financial Services	1.55%
9	HDFC Bank Limited	Financial Services	1.46%
10	Arvind Limited	Consumer Discretionary	1.43%
11	Jubilant Pharmova Limited	Healthcare	1.4%
12	The Karnataka Bank Limited	Financial Services	1.38%
13	PNB Housing Finance Limited	Financial Services	1.32%
14	Paradeep Phosphates Limited	Materials	1.29%
15	Rashi Peripherals Limited	Information Technology	1.24%
16	SKY GOLD AND DIAMONDS LIMITED	Consumer Discretionary	1.2%
17	Yatharth Hospital & Trauma Care Services Limited	Healthcare	1.08%
18	AWL Agri Business Limited	Consumer Staples	1.03%
19	EPL Limited	Industrials	1.02%
20	eClerx Services Limited	Industrials	0.99%
21	Shaily Engineering Plastics Limited	Consumer Discretionary	0.94%
22	Power Finance Corporation Limited	Financial Services	0.93%
23	One 97 Communications Limited	Financial Services	0.89%
24	The Great Eastern Shipping Company Limited	Services	0.88%
25	Aditya Birla Real Estate Limited	Real Estate	0.83%
26	Strides Pharma Science Limited	Healthcare	0.82%
27	Godawari Power And Ispat limited	Industrials	0.81%
28	DCB Bank Limited	Financial Services	0.81%
29	Info Edge (India) Limited	Consumer Discretionary	0.76%
30	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.7%
31	Sterlite Technologies Limited	Telecommunication	0.7%
32	Godrej Industries Limited	Diversified	0.68%
33	Fedbank Financial Services Limited	Financial Services	0.67%
34	Jubilant Ingrevia Limited	Materials	0.66%
35	ICICI Lombard General Insurance Company Limited	Financial Services	0.65%
36	General Insurance Corporation of India	Financial Services	0.64%
37	Electronics Mart India Limited	Consumer Discretionary	0.62%
38	Aptus Value Housing Finance India Limited	Financial Services	0.61%
39	Mastek Limited	Information Technology	0.6%
40	PCBL Chemical Limited	Materials	0.6%
41	Glenmark Pharmaceuticals Limited	Healthcare	0.6%
42	Shilpa Medicare Limited	Healthcare	0.6%
43	TARC Limited	Real Estate	0.6%
44	Repco Home Finance Limited	Financial Services	0.58%
45	Piramal Pharma Limited	Healthcare	0.57%
46	Angel One Limited	Financial Services	0.57%
47	P N Gadgil Jewellers Limited	Consumer Discretionary	0.56%
48	Prestige Estates Projects Limited	Real Estate	0.55%
49	Nazara Technologies Limited	Consumer Discretionary	0.53%
50	TVS Holdings Limited	Financial Services	0.53%
51	Manappuram Finance Limited	Financial Services	0.52%
52	KNOWLEDGE REALTY TRUST	Real Estate	0.51%
53	Arvind SmartSpaces Limited	Real Estate	0.51%
54	Saatvik Green Energy Limited	Industrials	0.5%
55	Nitin Spinners Limited	Consumer Discretionary	0.5%
56	Apar Industries Limited	Industrials	0.49%
57	LIC Housing Finance Limited	Financial Services	0.48%
58	Hindustan Zinc Limited	Materials	0.46%
59	E2E Networks Limited	Information Technology	0.45%
60	V2 Retail Limited	Consumer Discretionary	0.45%
61	Sanathan Textiles Limited	Consumer Discretionary	0.45%
62	Birla Corporation Limited	Materials	0.45%
63	Senco Gold Limited	Consumer Discretionary	0.44%
64	Kotak Mahindra Bank Limited	Financial Services	0.44%
65	Vikram Solar Limited	Industrials	0.43%
66	Inox Green Energy Services Limited	Industrials	0.43%
67	Redington Limited	Industrials	0.42%
68	TruAlt Bioenergy Limited	Consumer Staples	0.41%
69	RHI MAGNESITA INDIA LIMITED	Industrials	0.41%
70	Akums Drugs and Pharmaceuticals Limited	Healthcare	0.4%
71	Pennar Industries Limited	Industrials	0.4%
72	Inox Wind Limited	Industrials	0.4%
73	Kirloskar Oil Engines Limited	Industrials	0.4%
74	Kirloskar Ferrous Industries Limited	Materials	0.4%
75	Axis Bank Limited	Financial Services	0.39%
76	Epigral Limited	Materials	0.39%
77	Cohance Lifesciences Limited	Healthcare	0.39%
78	ETERNAL LIMITED	Consumer Discretionary	0.38%
79	Vintage Coffee And Beverages Limited	Consumer Staples	0.37%
80	Kilburn Engineering Limited	Industrials	0.36%
81	SIS LIMITED	Consumer Discretionary	0.34%
82	Aditya Birla Sun Life AMC Limited	Financial Services	0.33%
83	S H Kelkar and Company Limited	Materials	0.33%
84	Pace Digitek Limited	Telecommunication	0.33%
85	Skipper Limited	Industrials	0.33%
86	IndusInd Bank Limited	Financial Services	0.32%
87	Neuland Laboratories Limited	Healthcare	0.32%
88	Afcom Holdings Limited	Services	0.32%
89	Just Dial Limited	Consumer Discretionary	0.31%
90	Wockhardt Limited	Healthcare	0.31%
91	Marksans Pharma Limited	Healthcare	0.31%
92	Heritage Foods Limited	Consumer Staples	0.3%
93	Grasim Industries Limited	Materials	0.3%
94	Max Estates Limited	Real Estate	0.3%
95	Deepak Fertilizers and Petrochemicals Corporation Limited	Materials	0.29%
96	LALITHAA JEWELLERY MART LTD	Consumer Discretionary	0.28%
97	Nuvama Wealth Management Limited	Financial Services	0.28%
98	National Aluminium Company Limited	Materials	0.28%
99	Mahindra Lifespace Developers Limited	Real Estate	0.26%
100	JSW Cement Limited	Materials	0.26%
101	Can Fin Homes Limited	Financial Services	0.26%
102	Tata Communications Limited	Telecommunication	0.25%
103	Quess Corp Limited	Industrials	0.25%
104	Acme Solar Holdings Limited	Utilities	0.25%
105	EFC (I) Limited	Industrials	0.24%
106	INDO-MIM LTD	Industrials	0.24%
107	Hi-Tech Pipes Limited	Industrials	0.24%
108	Updater Services Limited	Industrials	0.24%
109	CSB Bank Limited	Financial Services	0.24%
110	Kolte - Patil Developers Limited	Real Estate	0.24%
111	Onesource Specialty Pharma Limited	Healthcare	0.23%
112	ELEVATE CAMPUSES LTD	Industrials	0.23%
113	Awfis Space Solutions Limited	Industrials	0.23%
114	NCC Limited	Industrials	0.23%
115	Steel Authority of India Limited	Materials	0.23%
116	Sirca Paints India Limited	Consumer Discretionary	0.23%
117	Edelweiss Financial Services Limited	Financial Services	0.22%
118	Styrenix Performance Materials Limited	Materials	0.22%
119	Sansera Engineering Limited	Consumer Discretionary	0.22%
120	Stove Kraft Limited	Consumer Discretionary	0.22%
121	Amara Raja Energy & Mobility Limited	Consumer Discretionary	0.22%
122	Juniper Hotels Limited	Consumer Discretionary	0.22%
123	Tilaknagar Industries Limited	Consumer Staples	0.22%
124	SAGILITY LIMITED	Information Technology	0.21%
125	Ethos Limited	Consumer Discretionary	0.21%
126	Sapphire Foods India Limited	Consumer Discretionary	0.21%
127	Kewal Kiran Clothing Limited	Consumer Discretionary	0.21%
128	Ujjivan Small Finance Bank Limited	Financial Services	0.21%
129	Signatureglobal (India) Limited	Real Estate	0.21%
130	HEG Graphite Limited^	Industrials	0.21%
131	Power Mech Projects Limited	Industrials	0.2%
132	Clean Max Enviro Energy Solutions Limited	Utilities	0.2%
133	ESDS SOFTWARE SOLUTION LTD	Information Technology	0.2%
134	GMM Pfaudler Limited	Industrials	0.19%
135	Eris Lifesciences Limited	Healthcare	0.19%
136	Kfin Technologies Limited	Financial Services	0.19%
137	Krishna Institute of Medical Sciences Limited	Healthcare	0.19%
138	Oil India Limited	Energy	0.19%
139	Sudarshan Chemical Industries Limited	Materials	0.19%
140	Emami Limited	Consumer Staples	0.19%
141	Medplus Health Services Limited	Consumer Discretionary	0.18%
142	Vedanta Aluminium Metal Limited	Diversified	0.18%
143	Star Health and Allied Insurance Company Limited	Financial Services	0.18%
144	Hindustan Petroleum Corporation Limited	Energy	0.17%
145	NTPC Green Energy Limited	Utilities	0.17%
146	Aegis Vopak Terminals Limited	Energy	0.17%
147	Vishnu Chemicals Limited	Materials	0.17%
148	Usha Martin Limited	Industrials	0.16%
149	VRL Logistics Limited	Services	0.16%
150	Archean Chemical Industries Limited	Materials	0.15%
151	Jupiter Wagons Limited	Industrials	0.15%
152	KEC International Limited	Industrials	0.15%
153	NLC India Limited	Utilities	0.15%
154	Samvardhana Motherson International Limited	Consumer Discretionary	0.15%
155	Jyothy Labs Limited	Consumer Staples	0.15%
156	Bank of Baroda	Financial Services	0.15%
157	The Jammu & Kashmir Bank Limited	Financial Services	0.15%
158	Aurobindo Pharma Limited	Healthcare	0.14%
159	Viyash Scientific Limited	—	0.14%
160	Apeejay Surrendra Park Hotels Limited	—	0.14%
161	Alicon Castalloy Limited	Consumer Discretionary	0.14%
162	Petronet LNG Limited	Utilities	0.14%
163	Amir Chand Jagdish Kumar (Exports) Limited	Consumer Staples	0.14%
164	GPT Healthcare Limited	Healthcare	0.14%
165	EPACK Durable Limited	Consumer Discretionary	0.14%
166	CESC Limited	Utilities	0.14%
167	BIRLASOFT LIMITED	Information Technology	0.13%
168	Computer Age Management Services Limited	Financial Services	0.13%
169	Aarti Industries Limited	Materials	0.13%
170	Sunteck Realty Limited	Real Estate	0.13%
171	BAGMANE PRIME OFFICE REIT	Real Estate	0.13%
172	Orchid Pharma Limited	Healthcare	0.13%
173	UTI Asset Management Company Limited	Financial Services	0.13%
174	Keystone Realtors Limited	—	0.12%
175	Aditya Birla Fashion and Retail Limited	Consumer Discretionary	0.12%
176	Ideaforge Technology Limited	Industrials	0.12%
177	Satin Creditcare Network Limited	Financial Services	0.12%
178	Clean Science and Technology Limited	Materials	0.12%
179	The Ramco Cements Limited	Materials	0.12%
180	Blue Star Limited	Consumer Discretionary	0.12%
181	Narayana Hrudayalaya Ltd.	Healthcare	0.12%
182	ASSET RECONSTRUCTION CO	Financial Services	0.12%
183	PONDY OXIDES & CHEMICAL LTD	Materials	0.11%
184	Emcure Pharmaceuticals Limited	Healthcare	0.11%
185	Zee Entertainment Enterprises Limited	Consumer Discretionary	0.11%
186	Landmark Cars Limited	Consumer Discretionary	0.11%
187	Pine Labs Limited	Financial Services	0.11%
188	Metropolis Healthcare Limited	Healthcare	0.11%
189	Amanta Healthcare Limited	Healthcare	0.11%
190	Cash / Bank Balanceother	—	0.11%
191	Filatex India Limited	Consumer Discretionary	0.1%
192	HEG Limited	Industrials	0.1%
193	Krsnaa Diagnostics Limited	Healthcare	0.1%
194	L. T. ELEVATOR LIMITED	Industrials	0.1%
195	Brigade Hotel Ventures Limited	Consumer Discretionary	0.1%
196	Time Technoplast Limited	Industrials	0.1%
197	Jindal Saw Limited	Industrials	0.1%
198	Voltamp Transformers Limited	Industrials	0.1%
199	Vedant Fashions Limited	Consumer Discretionary	0.1%
200	Finolex Cables Limited	Industrials	0.1%
201	Greenply Industries Limited	Consumer Discretionary	0.09%
202	Ellenbarrie Industrial Gases Limited	Materials	0.09%
203	Eureka Forbes Limited	Consumer Discretionary	0.09%
204	Bharat Coking Coal Limited	Energy	0.09%
205	JK Lakshmi Cement Limited	Materials	0.09%
206	Greenpanel Industries Limited	Consumer Discretionary	0.09%
207	Anlon Technology Solutions Limited	Industrials	0.09%
208	Five-Star Business Finance Limited	Financial Services	0.08%
209	Dhanuka Agritech Limited	Materials	0.08%
210	Cash Margin - CCILother	—	0.08%
211	The Bombay Burmah Trading Corporation Limited	Consumer Staples	0.07%
212	Indus Towers Limited	Telecommunication	0.07%
213	Suryoday Small Finance Bank Limited	Financial Services	0.07%
214	Flair Writing Industries Limited	Consumer Staples	0.07%
215	Ventive Hospitality Limited	Consumer Discretionary	0.07%
216	VARMORA GRANITO LTD	Consumer Discretionary	0.07%
217	JM Financial Limited	Financial Services	0.07%
218	Exide Industries Limited	Consumer Discretionary	0.07%
219	Rane Holdings Limited	Financial Services	0.06%
220	Orient Electric Limited	Consumer Discretionary	0.06%
221	KNACK PACKAGING LTD	Industrials	0.06%
222	Gulf Oil Lubricants India Limited	Energy	0.06%
223	Interarch Building Solutions Limited	Industrials	0.06%
224	LUMINO INDUSTRIES LTD	Industrials	0.06%
225	Cash Margin - Derivativesother	—	0.06%
226	Honasa Consumer Limited	Consumer Staples	0.05%
227	Kamdhenu Limited	Industrials	0.05%
228	AstraZeneca Pharma India Limited	Healthcare	0.05%
229	Ecos (India) Mobility & Hospitality Limited	Services	0.05%
230	Nephrocare Health Services Limited	Healthcare	0.05%
231	Happiest Minds Technologies Limited	Information Technology	0.05%
232	Bansal Wire Industries Limited	Industrials	0.05%
233	Oswal Pumps Limited	Industrials	0.05%
234	Hexagon Nutrition Limited	Consumer Staples	0.05%
235	Indiamart Intermesh Limited	Consumer Discretionary	0.05%
236	Reliance Industries Limited	Energy	0.05%
237	Innova Captab Limited	Healthcare	0.04%
238	FDC Limited	Healthcare	0.04%
239	MOIL Limited	Materials	0.04%
240	HORIZON RECLAIM (INDIA) LIMITED	Industrials	0.04%
241	Bluspring Enterprises Limited	Industrials	0.04%
242	BLACKBUCK LIMITED	Services	0.04%
243	All Time Plastics Limited	Consumer Discretionary	0.03%
244	Arvind Fashions Limited	Consumer Discretionary	0.03%
245	Windlas Biotech Limited	Healthcare	0.03%
246	LASER POWER & INFRA LTD	Industrials	0.03%
247	Concord Enviro Systems Limited	Utilities	0.03%
248	IRM Energy Limited	Utilities	0.03%
249	Safari Industries (India) Limited	Consumer Discretionary	0.03%
250	Wakefit Innovations Limited	Consumer Discretionary	0.03%
251	BlueStone Jewellery and Lifestyle Limited	Consumer Discretionary	0.03%
252	Thirumalai Chemicals Limited	Materials	0.03%
253	KUSUMGAR LTD	Consumer Discretionary	0.02%
254	Finbud Financial Services Limited	Financial Services	0.02%
255	Digitide Solutions Limited	Information Technology	0.02%
256	Craftsman Automation Limited	Consumer Discretionary	0.02%
257	TVS Motor Company Ltd 6.00% (Cumulative Non-Convertible Redeemable Preference Share)bond	—	0.02%
258	Gujarat Gas Limited	Utilities	0.01%
259	Chemplast Sanmar Limited	Materials	0.01%
260	Vedanta Power Limited	Diversified	0.01%
261	Yatra Online Limited	Consumer Discretionary	0.01%
262	GK Energy Limited	Industrials	0.01%
263	Butterfly Gandhimathi Appliances Limited	Consumer Discretionary	0.01%
264	Bajel Projects Limited	Industrials	0.01%
265	Dam Capital Advisors Limited	Financial Services	0.01%
266	GSPL TRANSMISSION LTD	Utilities	0%
267	Natco Pharma Limited	Healthcare	0%
268	^^INOX Renewable Solutions Ltd	Industrials	0%
269	Net Receivables/Payablesother	—	-0.7%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, Sobha Limited is 2.3% of Bandhan Small Cap Fund's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, REC Limited is 2.13% of Bandhan Small Cap Fund's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, Cholamandalam Financial Holdings Limited is 1.9% of Bandhan Small Cap Fund's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, LT Foods Limited is 1.81% of Bandhan Small Cap Fund's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, State Bank of India is 1.75% of Bandhan Small Cap Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Bandhan Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.