WHY A MULTI CAP FUND

The Power of Three. In One Fund. 

Large, mid and small caps each take their turn leading the market. A multicap holds all three, so you’re free to stay invested, without having to pick the right one at the right time.

 
COVERAGE

All three segments, one unit

Rather than holding separate large, mid and small cap exposures, this fund carries a single blended allocation across India's listed market.

 
MANAGEMENT

Allocation is managed for you

Your money is spread across large, mid and small companies. Our fund managers decide the allocation as per the funds investment mandate, and shift it as opportunities change.

 
ENTRY POINT

Day one of the fund

New funds open at a ₹10 NAV**. This is the window to enter at the fund's starting unit price, which is available between 7th to 21st September 2026.

THE LAUNCH

The Multi Cap Fund Advantage - Explained! 

Large caps bring scale, mid caps bring room to grow, and small caps bring new opportunities. See how the Bandhan Life Multicap Fund brings all three together in one fund — a simple, structured way to stay invested across every part of India's growth story, with the market-linked growth and life-cover protection of a Bandhan Life ULIP.

Multi Cap Fund Youtube Thumbnail 02.jpg
TRACK RECORD

From the house of benchmark-beating funds$

The Multi Cap Fund is new. The team managing it isn't. Here's how two of our existing equity funds have performed against their benchmarks.

Fund name
Fund performance
Benchmark
Benchmark returns
Difference
Accelerator Fund
SFIN: ULIF01202/21/11ACCELERATE138
12.50%
BSE 100
9.68%
+2.82% ↑
Blue Chip Equity Fund
SFIN: ULIF01511/E21/60BLUECHIPEQ138
10.80%
NIFTY 50
8.70%
+2.10% ↑
[$] As of 30 June 2026. Figures reflect 5-year fund performance. Source: Morningstar**$. Past performance of any fund is not indicative of the future performance of the Multi Cap Fund or of any other fund. Unit-linked fund values are subject to market risk.
EXPERT SPEAK

Hear it from the experts

Don't take our word. Watch what our fund experts have to say..

Can diversification power performance
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Avinash Agarwal, SVP & Equity Head, on how diversification across large, mid and small caps can support long-term performance.
Watch here
Why Multi Cap especially Now
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Avinash Agarwal, SVP & Equity Head, explains what a Multi Cap Fund is and why it can be relevant in today's market.
Watch here
How should you invest for long term
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How do you invest for the long term? Avinash Agarwal, SVP & Equity Head, shares why the right answer always begins with your goal.
Watch here
Why ULIPs Matter
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Subhajit Roy, Head – Third Party Products & NRI Business, Bandhan Bank, and Saibal Ghosh, CIO, Bandhan Life on the benefits of ULIPs.
Watch here
WHERE TO BUY

Bandhan Life Multi Cap Fund, Now available with ULIPs

The Multi Cap Fund is available across three of our ULIPs. Each has a different structure of charges, cover and loyalty benefits. Our expert will help you pick the one that suits your plan.

Bandhan Life iInvest Advantage
iInvest Advantage Logo
Buy Online

Purchase this plan instantly through our website 

Buy Now
Bandhan Life iInvest Ultima Plus
Ultima Plus Logo
Buy at Bandhan Bank

Available at your nearest Bandhan Bank branch.

Know more
Bandhan Life Invest II
iInvest II
Buy at Bandhan Bank

Available at your nearest Bandhan Bank branch.

Know more
Bandhan Life iInvest Advantage
iInvest Advantage Logo
Buy Online

Purchase this plan instantly through our website 

Buy Now
Bandhan Life iInvest Ultima Plus
Ultima Plus Logo
Buy at Bandhan Bank

Available at your nearest Bandhan Bank branch.

Know more
Bandhan Life Invest II
iInvest II
Buy at Bandhan Bank

Available at your nearest Bandhan Bank branch.

Know more
WHAT YOU'RE INVESTING IN

Resilience, growth and agility — in one place

Diversified across market leaders, rising businesses and emerging opportunities — with life cover built in.

Large caps

Established companies that bring relative stability to the allocation.

Mid caps

Businesses in their growth phase, scaling into larger positions.

Small caps

Early-stage companies with room to expand, held in measured weight.

Life cover

Your investment sits inside a life insurance plan, so your family is covered too.

HOW YOU GET STARTED

Three steps, and you're in before 21st Sept 2026

 

STEP 1

Tell us where to reach you

Just your name and number. Nothing to pay, nothing to commit.

STEP 2

Talk it through with an expert

They’ll understand what you’re investing towards, explain how the fund works, and help you judge whether it fits your plan.

STEP 3

Complete your application

Once you’re sure, complete your application and your units are allotted at the launch NAV.

QUESTIONS

Before you invest

 

What is a Multicap Fund?

A Multi Cap Fund is an equity fund that participates across Large-Cap, Mid-Cap and Small-Cap companies within a single scheme. This gives you exposure to the full breadth of India's listed equity market through one fund. 

What is the Bandhan Life Multi Cap Fund?

The Bandhan Life Multi Cap Fund is a fund option under Bandhan Life ULIPs that participates across Large, Mid and Small Cap companies in a single fund, benchmarked to the Nifty 500 Index. It is available at an entry NAV of ₹10** during the launch window of 7th to 21st Sept 2026.

Which ULIP products offer the Bandhan Life Multi Cap Fund?

The Bandhan Life Multi Cap Fund is available as a fund option under Bandhan Life iInvest II (UIN: 138L089V01), Bandhan Life iInvest Ultima Plus (UIN: 138L099V01), Bandhan Life iInvest Advantage (UIN: 138L090V01) and Bandhan Life Secure 'N' Grow. 

What is the benchmark for the Bandhan Life Multi Cap Fund?

The Bandhan Life Multi Cap Fund is benchmarked against the Nifty 500 Index, which represents the top 500 listed companies in India across Large, Mid and Small Cap segments. 

How is a Multi Cap Fund different from investing only in Large Caps, Mid Caps or Small Caps?

A single-segment fund gives you exposure to only one part of the market. A Multi Cap Fund brings all three market segments together in one scheme, helping you participate across the full breadth of India's listed equity market through a single fund. 

Is the Bandhan Life Multicap Fund a mutual fund?

No. The Bandhan Life Multi Cap Fund is offered through eligible Bandhan Life ULIP products. It combines market-linked participation with the additional benefits available under a ULIP. 

Who can consider a Multi Cap Fund?

A Multi Cap Fund is typically suited to someone with a long-term financial horizon of 5 years or more who wants broad market participation. Please consult a Bandhan Life advisor for a personalised assessment. 

How can I invest in the Bandhan Life Multi Cap Fund?

You can participate in the fund through eligible Bandhan Life ULIP products that offer the Bandhan Life Multi Cap Fund as an available fund option. 

Do I need a Demat or trading account?

No. The Bandhan Life Multi Cap Fund is available through eligible Bandhan Life ULIP products and does not require a separate Demat or trading account. 

Can existing Bandhan Life policyholders invest in this fund?

Existing policyholders may be able to invest in the fund through applicable fund allocation, premium redirection or fund switch$$ options, subject to product terms and conditions. These service requests can be managed through Bandhan Life iAssist. 

What does entering at an NAV of ₹10** mean?

When a new fund is launched, its units are typically offered at a base Net Asset Value (NAV) of ₹10**. This is the starting price at which units are allotted during the launch window (7th to 21st Sept 2026). The NAV itself represents the per-unit value of the fund's assets — it is neither an indicator of future returns nor a measure of the fund's quality. 

Does a lower NAV mean the fund is cheaper or better?

No. The NAV only reflects the per-unit value of the fund. A lower NAV does not necessarily indicate that a fund is more attractive or has greater growth potential than a fund with a higher NAV. 

Are there risks associated with a Multi Cap Fund?

Yes. The Bandhan Life Multi Cap Fund is a market-linked fund. The value of units may go up or down based on market performance and factors influencing the capital markets. In this policy, the investment risk in the investment portfolio is borne by the policyholder. 

Is there a tax benefit?

Yes. Tax benefits% are available under Sections 80C and 10(10D) of the Income Tax Act, subject to applicable conditions and prevailing tax laws. Consult your tax advisor. 

Bandhan Life iInvest Ultima Plus (UIN - 138L099V01), Bandhan Life iInvest II (UIN: 138L089V01)  and Bandhan Life iInvest Advantage (UIN - 138L090V01)  are a Unit-Linked Non-Participating Individual Life Insurance Savings Plan. Life insurance cover is available under this product. IN THESE POLICIES, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors.  

Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions.  

The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.  

Bandhan Life Insurance Limited is only the name of the Life Insurance Company. Bandhan Life iInvest Ultima Plus (UIN - 138L099V01), Bandhan Life iInvest II (UIN: 138L089V01) and Bandhan Life iInvest Advantage (UIN - 138L090V01) are only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us. Life Insurance cover is available in this plan.  

For more details on risk factors, Terms and Conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Insurance issuance is subject to board-approved underwriting policy.  

Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than all the premium paid.  

Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.  

Past performance is not indicative of future performance. Please note that the fund aims to replicate the performance of benchmark index fund, subject to tracking error.  

Bandhan Life Multi cap fund (SFIN - ULIF02524/06/26MULTICAP0138) is an actively new managed fund.  

[**] NAV of Rs.10/- will be applicable for duly completed proposals received from 7th to 21st  September 2026 and issued by 21st September 2026. For policies issued after 21st September, the prevailing NAV on the day of issuance will be applicable.

[**$] Data as on 30th June 2026. The returns are not indicative of the future performance of the fund. The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 30th June 2026.

This is not an investment advice, please make your own independent decision after consulting your financial or other professional advisor.  

Bandhan Life Multi Cap Fund (SFIN - ULIF02524/06/26MULTICAP0138) is one of the various funds offered under Bandhan Life iInvest Ultima Plus, Bandhan Life iInvest II and Bandhan Life iInvest Advantage which a policyholder can choose from. This fund will aim to achieve long-term capital appreciation from a portfolio of diversified stocks across the market capitalization spectrum. The fund can also invest in money market, cash and cash equivalent. Asset Allocation: Equity and Equity related instruments: 80%-100%, Cash and Equivalents, Money Market Instruments: 0%- 20%. Bandhan Life Multi Cap Fund is benchmarked against Nifty 500 Index.

Whilst every care has been taken in the preparation of this content, it is subject to correction and markets may not perform in a similar fashion based on factors influencing the capital and debt markets; hence this advertisement does not individually confer any legal rights or duties.  
 

[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value (if any) are eligible for tax benefits subject to the conditions under Sections 80C(as per IT Act,1961) / 123(as per IT Act,2025) (under OLD Tax Regime of The Income Tax Act, 1961/2025 only), 10(10D)(as per IT Act,1961) / 11(1)[schedule-II[table: Sl.No.2]](as per IT Act,2025), 115BAC(as per IT Act,1961) / 202(as per IT Act,2025) and other  provisions of the Income Tax Act, 1961/2025.[AS1] Tax and Cesses (if any), will be charged extra as per prevailing rates. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy. Income Tax (TDS) (if any), will be deducted at the applicable rate from the payments made under the policy. Tax laws are subject to amendments made thereto from time to time. The Company does not assume responsibility on tax implication mentioned anywhere in this document.
 

[$$] The policyholder can use this facility to transfer their existing investment from one unit linked fund to another within the Self-Managed Portfolio Strategy. There is no restriction on the number of switches policyholder can make and all switches will be free of charge.

[*] T&C Apply.  

ADVT No. II/Sep 2026/0488