COMPARE
BANDHAN Equity Savings Fund-Direct Plan-Growth vs Mahindra Manulife Equity Savings Fund - Direct Plan -Growth
BANDHAN Equity Savings Fund- and Mahindra Manulife Equity Savings Fund are both in the Equity Savings category, from Bandhan AMC Limited and Mahindra Manulife Investment Management Pvt Ltd respectively. BANDHAN Equity Savings Fund- has posted a higher 3-year rolling CAGR. BANDHAN Equity Savings Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
BANDHAN Equity Savings Fund- has the lower direct-plan expense ratio, by 0.59 percentage points.
| BANDHAN Equity Savings Fund-Direct Plan-Growth | Mahindra Manulife Equity Savings Fund - Direct Plan -Growth | |
|---|---|---|
| Category | Equity Savings | Equity Savings |
| AMC | Bandhan AMC Limited | Mahindra Manulife Investment Management Pvt Ltd |
| Benchmark | CRISIL Equity Savings TRI | Nifty Equity Savings TRI |
| NAV | ₹36.236 (2026-10-28) | ₹25.2815 (2026-10-28) |
| AUM | ₹383.889 Cr | ₹515.54 Cr |
| Expense Ratio (Direct) | 0.65% | 1.24% |
| Inception | 2008-05-05 | 2017-01-10 |
Returns
BANDHAN Equity Savings Fund- leads on 3-year rolling CAGR (7.7% vs Mahindra Manulife Equity Savings Fund's 11.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Mahindra Manulife Equity Savings Fund has been the more volatile of the two by standard deviation.
| BANDHAN Equity Savings Fund-Direct Plan-Growth | Mahindra Manulife Equity Savings Fund - Direct Plan -Growth | |
|---|---|---|
| 3Y Sharpe Ratio | -0.15 | 0.28 |
| 3Y Alpha | -0.5474% | 0.803% |
| 3Y Std Deviation | 2.1048% | 5.0236% |
| 3Y Calmar Ratio | 3.01 | 1.83 |
Portfolio Analytics
Mahindra Manulife Equity Savings Fund carries the higher portfolio YTM.
| BANDHAN Equity Savings Fund-Direct Plan-Growth | Mahindra Manulife Equity Savings Fund - Direct Plan -Growth | |
|---|---|---|
| P/E Ratio | 21.4021 | 22.4026 |
| P/B Ratio | - | 3.55 |
| Dividend Yield | 1.308% | 1.0691% |
| Active Share | - | - |
| Portfolio Turnover | 67% | 71% |
| YTM | 7.6813% | 7.923% |
| Duration (Macaulay) | 3.39 yrs | 2.19 yrs |
Punji Fund Health Score
Mahindra Manulife Equity Savings Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
BANDHAN Equity Savings Fund-'s 3-year rolling CAGR of 7.7% is higher than Mahindra Manulife Equity Savings Fund's 11.9%. BANDHAN Equity Savings Fund- sits in the 5th percentile of its category on this metric, versus the 86th percentile for Mahindra Manulife Equity Savings Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
BANDHAN Equity Savings Fund-'s direct-plan expense ratio is 0.59 percentage points lower than Mahindra Manulife Equity Savings Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Mahindra Manulife Equity Savings Fund has been more volatile than BANDHAN Equity Savings Fund- over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (-0.15 for BANDHAN Equity Savings Fund- vs 0.28 for Mahindra Manulife Equity Savings Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
Mahindra Manulife Equity Savings Fund has ₹516 Cr in assets under management, versus ₹384 Cr for BANDHAN Equity Savings Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
Mahindra Manulife Equity Savings Fund's portfolio YTM (7.923%) is higher than BANDHAN Equity Savings Fund-'s. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
BANDHAN Equity Savings Fund- has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, BANDHAN Equity Savings Fund- or Mahindra Manulife Equity Savings Fund?
BANDHAN Equity Savings Fund- launched on 2008-05-05, making it older than Mahindra Manulife Equity Savings Fund (launched 2017-01-10). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.