Bandhan Small Cap Fund adds 15 stocks, exits 9 in July

Bandhan Small Cap Fund made significant changes to its equity portfolio in July, adding 15 new stocks and exiting nine holdings. The fund also raised stakes in 82 companies and reduced holdings in 39 others during the month. These changes came as the fund attracted Rs 2,003 crore in July, the highest inflow among small-cap mutual fund schemes, taking its assets under management to Rs 31,103 crore from Rs 28,466 crore in June.

Among the notable increases, the fund raised its holding in HDFC Bank by 93% to 39 lakh shares and in AWL Agri Business by 70% to 1.57 crore shares. Sterlite Technologies saw a 208% increase to 30.31 lakh shares. On the other hand, the fund cut its holding in P N Gadgil Jewellers by 63% to 10.02 lakh shares and in Senco Gold by 28%. New additions included Just Dial as the largest fresh position, valued at about Rs 79.8 crore, and Jammu & Kashmir Bank at Rs 58.5 crore.

The fund completely exited stocks such as JB Chemicals & Pharmaceuticals, Triveni Engineering & Industries, and Premier Energies. Managed by Manish Gunwani, the fund has delivered annualised returns of 27.16% over three years and 20.29% over five years, placing it first and third among small-cap funds in its category. In 2026 so far, the fund is up 11.40%, ahead of its benchmark's 8.66% return.