Bandhan Value Fund vs Kotak Contra Fund
Bandhan Value Fund and Kotak Contra Fund are both Value / Contra funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.31% vs +15.41%, 5-year CAGR +12.70% vs +13.88%, volatility 14.14% vs 15.74%, maximum drawdown −51.90% vs −37.89%. Their portfolios overlap by 28.2% (14 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Value / Contra | Value / Contra |
| NAV | ₹173.2070 | ₹182.6320 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 2 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹9,507 Cr | ₹5,196 Cr |
| Securities held | 63 | 63 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Bandhan Value | Kotak Contra | |
|---|---|---|
| 1 month | +5.99% | +4.28% |
| 3 months | +0.94% | −2.41% |
| 6 months | +3.11% | +1.54% |
| 1 year | +2.14% | +0.50% |
| 3 years (CAGR) | +12.31% | +15.41% |
| 5 years (CAGR) | +12.70% | +13.88% |
| 7 years (CAGR) | +19.56% | +17.51% |
| 10 years (CAGR) | +15.74% | +16.70% |
| Since launch (CAGR) | +16.06% | +15.93% |
| SIP return (XIRR, 5 years) ⓘ | +11.30% | +13.42% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Bandhan Value | Kotak Contra | |
|---|---|---|
| 2026 (year to date) | −0.59% | −1.89% |
| 2025 | +6.16% | +8.82% |
| 2024 | +19.30% | +23.74% |
| 2023 | +34.05% | +36.86% |
| 2022 | +4.30% | +8.88% |
| 2021 | +66.24% | +31.94% |
Risk
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.14% | 15.74% |
| Downside volatility ⓘ | 9.79% | 11.02% |
| Sharpe ratio ⓘ | 0.41 | 0.57 |
| Sortino ratio ⓘ | 0.59 | 0.81 |
| Maximum drawdown ⓘ | −51.90% | −37.89% |
| Recovery from that fall | 10 months | 8 months |
| Current fall from peak | −3.58% | −2.82% |
| Rolling 1-year return: worst | −43.76% | −30.92% |
| Rolling 1-year return: median | +12.93% | +14.44% |
| Rolling 1-year return: best | +131.27% | +100.97% |
| Share of 1-year periods with a loss | 23.48% | 11.46% |
Against each fund's benchmark
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Beta ⓘ | 0.89 | 1.01 |
| Alpha (Jensen's, annualised) ⓘ | +0.55% | +3.18% |
| R² ⓘ | 96.89 | 95.92 |
| Upside capture | 93.30% | 112.04% |
| Downside capture | 88.00% | 99.40% |
| Tracking error | 3.02% | 3.27% |
| Information ratio | 0.10 | 1.07 |
| Treynor ratio | 4.48 | 7.10 |
Portfolio
Asset mix
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Equity | 93.69% | 98.95% |
| Cash & equivalents | 5.79% | 1.05% |
| Debt | 0.52% | 0.00% |
Market-cap split (share of fund assets)
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Large Cap | 59.94% | 51.23% |
| Mid Cap | 17.86% | 28.81% |
| Small Cap | 15.89% | 13.98% |
| Unclassified | 0.00% | 4.93% |
Concentration
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Top 10 holdings | 43.20% | 31.77% |
| Effective number of stocks ⓘ | 34.5 | 47.4 |
| Securities held | 63 | 63 |
Portfolio overlap: 28.2%
14 companies are held by both funds; by weight, 28.2% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Bandhan Value | Kotak Contra |
|---|---|---|
| HDFC Bank Limited | 8.27% | 5.06% |
| ICICI Bank Limited | 4.17% | 5.93% |
| Reliance Industries Limited | 6.24% | 2.70% |
| Bharti Airtel Limited | 2.31% | 2.42% |
| Larsen & Toubro Limited | 2.18% | 2.50% |
| Maruti Suzuki India Limited | 2.45% | 1.96% |
| Infosys Limited | 3.24% | 1.83% |
| Poonawalla Fincorp Limited | 1.68% | 2.09% |
| Axis Bank Limited | 3.48% | 1.48% |
| Jindal Steel Limited | 1.91% | 1.38% |
| Hero MotoCorp Limited | 1.24% | 2.67% |
| NTPC Limited | 1.02% | 2.46% |
| Dalmia Bharat Limited | 0.66% | 1.28% |
| ITC Limited | 2.63% | 0.56% |
Top 10 holdings
Bandhan Value
- HDFC Bank Limited8.27%
- Kotak Mahindra Bank Limited6.58%
- Reliance Industries Limited6.24%
- ICICI Bank Limited4.17%
- Tata Consultancy Services Limited3.67%
- Axis Bank Limited3.48%
- Infosys Limited3.24%
- ITC Limited2.63%
- HDFC Life Insurance Company Limited2.47%
- Maruti Suzuki India Limited2.45%
Kotak Contra
- ICICI Bank Limited5.93%
- HDFC Bank Limited5.06%
- State Bank of India3.24%
- Reliance Industries Limited2.70%
- Hero MotoCorp Limited2.67%
- Shriram Finance Limited2.53%
- Larsen & Toubro Limited2.50%
- NTPC Limited2.46%
- Bharti Airtel Limited2.42%
- Swiggy Limited2.26%
Sector exposure
| Bandhan Value | Kotak Contra | |
|---|---|---|
| Banks | 24.13% | 22.26% |
| Finance | 5.99% | 8.20% |
| IT - Software | 6.91% | 5.93% |
| Petroleum Products | 6.24% | 2.70% |
| Insurance | 6.20% | 0.00% |
| Pharmaceuticals & Biotechnology | 4.93% | 5.47% |
| Healthcare Services | 0.42% | 5.42% |
| Automobiles | 3.69% | 4.63% |
| Telecom - Services | 2.31% | 4.12% |
| Diversified FMCG | 4.11% | 0.56% |
| Construction | 3.34% | 3.69% |
| Retailing | 3.59% | 2.92% |
| Auto Components | 0.26% | 3.47% |
| Aerospace & Defense | 0.00% | 3.45% |
Questions people ask
What is the difference between Bandhan Value and Kotak Contra returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +2.14% vs +0.50%; 3-year CAGR +12.31% vs +15.41%; 5-year CAGR +12.70% vs +13.88%; 10-year CAGR +15.74% vs +16.70%. Past returns do not indicate future returns.
How do Bandhan Value and Kotak Contra compare on risk?
Volatility (36 monthly returns, annualised) 14.14% vs 15.74%; Sharpe ratio 0.41 vs 0.57; Sortino ratio 0.59 vs 0.81; maximum drawdown −51.90% vs −37.89%; beta 0.89 vs 1.01.
How much do Bandhan Value and Kotak Contra overlap?
By weight, 28.2% of the two portfolios is invested in the same companies; 14 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Bandhan Value and Kotak Contra?
Bandhan Value: large cap 59.9%, mid cap 17.9%, small cap 15.9%. Kotak Contra: large cap 51.2%, mid cap 28.8%, small cap 14.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Bandhan Value vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.