Bandhan Small Cap Fund Adds 15 Stocks, Exits 9 in July
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- Bandhan Small Cap Fund added 15 new equity stocks and fully exited 9 holdings in July, while raising stakes in 82 existing companies and reducing positions in 39 others.
- The fund attracted ₹2,003 crore in July inflows — the highest among small-cap mutual fund schemes — pushing AUM from ₹28,466 crore in June to ₹31,103 crore at end-July under manager Manish Gunwani.
- HDFC Bank saw its holding rise 93%, from 20.2 lakh to 39 lakh shares, lifting portfolio weight from 0.57% to 0.94%, while AWL Agri Business jumped 70% (92.31 lakh to 1.57 crore shares) and Sterlite Technologies surged 208% (9.85 lakh to 30.31 lakh).
- Just Dial was the largest fresh position at approximately ₹79.8 crore, followed by Jammu & Kashmir Bank at ₹58.5 crore; other notable new buys included Torrent Pharmaceuticals, ideaForge Technology, and UTI Asset Management Company.
- P N Gadgil Jewellers recorded one of the steepest cuts — a 63% decline in shares held (27.21 lakh to 10.02 lakh), with portfolio weight falling from 0.51% to 0.22%, and complete exits spanned JB Chemicals, Triveni Engineering, Karur Vysya Bank, Aster DM Healthcare, and JSW Infrastructure.
- Bandhan Small Cap Fund has delivered 27.16% annualized returns over three years (first in its category) and 20.29% over five years (third), with a year-to-date 2026 gain of 11.40% versus 8.66% for its BSE 250 SmallCap TRI benchmark.
Why it matters: The fund attracted ₹2,003 crore in July — the highest among small-cap schemes — as it added 15 stocks and fully exited 9, alongside steep swings like HDFC Bank's 93% stake increase and P N Gadgil Jewellers' 63% cut. With 27.16% annualized three-year returns ranking first in its category, Gunwani is rotating aggressively despite the strong recent track record.
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