Aditya Birla Sun Life MIDCAP Fund vs Bandhan Nifty Midcap 150 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life MIDCAP Fund is a Mid Cap fund and Bandhan Nifty Midcap 150 Index Fund is an Index fund. In the year to 30-10-2026, Aditya Birla Sun Life MIDCAP Fund (Direct) returned −2.5% and Bandhan Nifty Midcap 150 Index Fund (Direct) returned −4.8%. Aditya Birla Sun Life MIDCAP Fund charges 1.23% a year and Bandhan Nifty Midcap 150 Index Fund 0.63% (Direct plans). Their portfolios overlap 32.9%: they hold 48 of the same securities.
Aditya Birla Sun Life MIDCAP Fund
Mid Cap
- 1 year return
- −2.5%
- Expense ratio
- 1.23%
- NAV
- ₹875.73
Bandhan Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.63%
- NAV
- ₹9.59
Which is better, Aditya Birla Sun Life MIDCAP or Bandhan Nifty Midcap 150 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life MIDCAP returned more over 1 year: −2.5% against −4.8%.
- Bandhan Nifty Midcap 150 Index costs less: 0.63% a year against 1.23% (Direct plans).
- Bandhan Nifty Midcap 150 Index fell less in its worst fall since 20-09-2024: −21.1% against −21.9%.
- Aditya Birla Sun Life MIDCAP is the larger fund: ₹6,550 Cr against ₹93 Cr.
- Their portfolios overlap 32.9%: 48 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life MIDCAP Fund | Bandhan Nifty Midcap 150 Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Bandhan Mutual Fund |
| Category | Mid Cap | Index |
| AUM | ₹6,550 Cr (30-09-2026) | ₹93 Cr (31-08-2026) |
| NAV | ₹875.73 (Direct) | ₹9.59 (Direct) |
| Expense ratio (Direct) | 1.23% | 0.63% |
| Expense ratio (Regular) | 2.02% | 1.41% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 03-10-2002 | 19-09-2024 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Vishal Gajwani | Abhishek Jain |
| Exit load | Exit load of 1%, if redeemed within 90 days. | • 0.25% if redeemed on or before 15 days from the allotment date. • Nil if redeemed after 15 days from allotment date. |
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life MIDCAP Fund (Direct) | −4.18% | −7.11% | −1.62% | −2.55% | +13.31% | +11.65% | +12.49% |
| Bandhan Nifty Midcap 150 Index Fund (Direct) | −3.74% | −8.57% | −4.22% | −4.85% | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: Year-wise Returns
| Year | Aditya Birla Sun Life MIDCAPAditya Birla Sun Life MIDCAP | Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −2.62% | −5.41% | −4.97% |
| 2025 | +5.23% | +5.26% | +5.98% |
| 2024 | +23.02% | -- | +24.46% |
| 2023 | +41.07% | -- | +44.61% |
| 2022 | −4.47% | -- | +3.91% |
| 2021 | +51.71% | -- | +48.16% |
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 272 of them, one for each trading day from 22-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life MIDCAP Fund (Direct)
Bandhan Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life MIDCAP | 12.9 | 22.8 | 37.9 | 21.0 | 5.5 | 0.0 | 0.0 | 6.4% | 6.3% | −7.8% | 19.8% | 29% |
| Bandhan Nifty Midcap 150 Index | 11.6 | 22.9 | 36.4 | 19.6 | 8.0 | 1.5 | 0.0 | 7.0% | 6.7% | −6.4% | 23.0% | 0% |
| Nifty Midcap 150 TRI | 9.9 | 19.1 | 40.1 | 21.0 | 7.4 | 2.6 | 0.0 | 7.5% | 7.2% | −5.7% | 21.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Midcap 150 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 20-09-2024. Past returns do not promise future returns.
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life MIDCAPAditya Birla Sun Life MIDCAP Fund (Direct) | ₹2,60,000 | ₹2,62,737 | ₹2,737 | 0.9% |
| Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct) | ₹2,60,000 | ₹2,57,357 | −₹2,643 | −0.9% |
Aditya Birla Sun Life MIDCAPAditya Birla Sun Life MIDCAP Fund (Direct)
Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life MIDCAP Fund (Direct) | Bandhan Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.55% | −4.85% |
| Standard deviation | 16.19% | 16.56% |
| Sharpe ratio | -0.48 | -0.61 |
| Sortino ratio | -0.65 | -0.82 |
| Maximum drawdown | −14.2% (31-03-2026) | −14.0% (30-03-2026) |
| Beta | 0.95 | 1.00 |
| Alpha | +1.31% | −0.48% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life MIDCAP Fund (Direct) | Bandhan Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.43% | −2.63% |
| Standard deviation | 15.97% | 16.97% |
| Sharpe ratio | 0.59 | -0.49 |
| Sortino ratio | 0.78 | -0.65 |
| Maximum drawdown | −45.1% (24-03-2020) | −21.1% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.61% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life MIDCAP Fund (Direct)
Bandhan Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life MIDCAP Fund (Direct) | −21.9% | 01-10-2024 | 28-02-2025 | 18-06-2026 | 16 months | −10.7% |
| Bandhan Nifty Midcap 150 Index Fund (Direct) | −21.1% | 24-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.6% |
| Nifty Midcap 150 TRI | −20.9% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −10.5% |
From daily values since 20-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life MIDCAP Fund (Direct)
Bandhan Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life MIDCAP Fund (Direct) | 90% | 93% | 3.97% |
| Bandhan Nifty Midcap 150 Index Fund (Direct) | 98% | 100% | 0.30% |
From month-end values since 20-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life MIDCAP Fund, September 2026; Bandhan Nifty Midcap 150 Index Fund, August 2026
Holdings in common
- Overlap
- 32.9%
- Held by both
- 48
- Only in Aditya Birla Sun Life MIDCAP
- 28
- Only in Bandhan Nifty Midcap 150 Index
- 102
| Security | % of Aditya Birla Sun Life MIDCAP | % of Bandhan Nifty Midcap 150 Index |
|---|---|---|
| The Federal Bank Ltd. | 3.04% | 2.05% |
| AU Small Finance Bank Ltd. | 2.99% | 1.44% |
| PB Fintech Ltd. | 1.44% | 1.51% |
| Persistent Systems Ltd. | 1.50% | 1.42% |
| Dixon Technologies (India) Ltd. | 1.17% | 1.44% |
| Fortis Healthcare Ltd. | 1.38% | 1.10% |
| Multi Commodity Exchange of India Ltd. | 1.01% | 2.02% |
| Ashok Leyland Ltd. | 1.00% | 1.17% |
| Max Financial Services Ltd. | 2.41% | 0.97% |
| APL Apollo Tubes Ltd. | 3.01% | 0.94% |
| SRF Ltd. | 0.88% | 0.87% |
| Hitachi Energy India Ltd. | 0.84% | 1.00% |
| BSE Ltd. | 0.84% | 3.13% |
| KEI Industries Ltd. | 1.55% | 0.83% |
| Radico Khaitan Ltd. | 1.02% | 0.82% |
| GMR Airports Ltd. | 1.13% | 0.78% |
| Mphasis Ltd. | 0.97% | 0.75% |
| Alkem Laboratories Ltd. | 0.83% | 0.73% |
| National Aluminium Company Ltd. | 0.73% | 0.80% |
| Vishal Mega Mart Ltd. | 1.48% | 0.72% |
| 360 ONE WAM Ltd. | 1.27% | 0.71% |
| Apar Industries Ltd. | 1.58% | 0.70% |
| Biocon Ltd. | 0.83% | 0.69% |
| Prestige Estates Projects Ltd. | 2.07% | 0.64% |
| L&T Finance Ltd. | 1.73% | 0.64% |
| IPCA Laboratories Ltd. | 0.85% | 0.64% |
| Bharat Forge Ltd. | 0.61% | 1.31% |
| UNO Minda Ltd. | 1.93% | 0.54% |
| Torrent Power Ltd. | 1.56% | 0.54% |
| Supreme Industries Ltd. | 1.63% | 0.53% |
| JK Cement Ltd. | 2.66% | 0.50% |
| GE Vernova T&D India Ltd. | 0.48% | 1.28% |
| Gujarat Fluorochemicals Ltd. | 1.05% | 0.46% |
| Astral Ltd. | 1.88% | 0.43% |
| Waaree Energies Ltd. | 0.43% | 0.58% |
| Bank of India | 0.67% | 0.40% |
| Bank of Maharashtra | 0.83% | 0.39% |
| Schaeffler India Ltd. | 0.99% | 0.38% |
| Ajanta Pharma Ltd. | 2.62% | 0.35% |
| Thermax Ltd. | 2.25% | 0.35% |
| Billionbrains Garage Ventures Ltd. | 2.87% | 0.34% |
| ICICI Lombard General Insurance Company Ltd. | 0.32% | 0.89% |
| K.P.R. Mill Ltd. | 1.61% | 0.31% |
| FSN E-Commerce Ventures Ltd. | 0.25% | 1.12% |
| KPIT Technologies Ltd. | 0.87% | 0.22% |
| Housing and Urban Development Corporation Ltd. | 1.45% | 0.21% |
| Hexaware Technologies Ltd. | 1.41% | 0.19% |
| Coforge Ltd. | 0.17% | 1.61% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.9% means 32.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life MIDCAP Fund
| Security | % of fund |
|---|---|
| Navin Fluorine International Ltd. | 2.57% |
| Manipal Health Enterprises Ltd | 1.83% |
| City Union Bank Ltd. | 1.82% |
| United Spirits Ltd. | 1.81% |
| Sai Life Sciences Ltd. | 1.61% |
Largest holdings only in Bandhan Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 1.74% |
| One 97 Communications Limited | 1.69% |
| Hero MotoCorp Limited | 1.65% |
| IndusInd Bank Limited | 1.56% |
| Bharat Heavy Electricals Limited | 1.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life MIDCAP | Bandhan Nifty Midcap 150 Index |
|---|---|---|
| Equity | 97.6% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.3% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life MIDCAP | Bandhan Nifty Midcap 150 Index |
|---|---|---|
| Large Cap | 7.3% | 11.6% |
| Mid Cap | 62.5% | 83.9% |
| Small Cap | 24.8% | 4.2% |
| Not on AMFI's list | 3.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life MIDCAP | Bandhan Nifty Midcap 150 Index |
|---|---|---|
| Industrial Products | 9.4% | 4.3% |
| Banks | 9.4% | 8.8% |
| Pharmaceuticals & Biotechnology | 6.8% | 8.8% |
| Capital Markets | 6.0% | 7.4% |
| Electrical Equipment | 5.6% | 7.1% |
| Finance | 5.7% | 5.4% |
| IT - Software | 4.9% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life MIDCAP vs Bandhan Nifty Midcap 150 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life MIDCAP Fund | Bandhan Nifty Midcap 150 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 0.63% |
| Base expense ratio (Direct) | 0.88% | 0.14% |
| Total expense ratio (Regular) | 2.02% | 1.41% |
| Base expense ratio (Regular) | 1.56% | 0.82% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Aditya Birla Sun Life MIDCAP Fund vs Bandhan Nifty Midcap 150 Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life MIDCAP Fund and Bandhan Nifty Midcap 150 Index Fund?
Aditya Birla Sun Life MIDCAP Fund is a Mid Cap fund, Bandhan Nifty Midcap 150 Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 32.9%. Aditya Birla Sun Life MIDCAP Fund charges 1.23% a year and Bandhan Nifty Midcap 150 Index Fund 0.63%.
Which has given higher returns, Aditya Birla Sun Life MIDCAP Fund or Bandhan Nifty Midcap 150 Index Fund?
Over 1 year: Aditya Birla Sun Life MIDCAP Fund −2.55%, Bandhan Nifty Midcap 150 Index Fund −4.85%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life MIDCAP Fund or Bandhan Nifty Midcap 150 Index Fund?
Bandhan Nifty Midcap 150 Index Fund charges less: 0.63% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life MIDCAP Fund and Bandhan Nifty Midcap 150 Index Fund overlap?
32.9%. They hold 48 of the same securities, the largest shared ones being FEDERALBNK, AUBANK, POLICYBZR. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life MIDCAP Fund or Bandhan Nifty Midcap 150 Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life MIDCAP Fund is rated Very High and Bandhan Nifty Midcap 150 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 16.19% and 16.56% a year.
Can I invest in both Aditya Birla Sun Life MIDCAP Fund and Bandhan Nifty Midcap 150 Index Fund?
Yes. 32.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life MIDCAP Fund and Bandhan Nifty Midcap 150 Index Fund?
Aditya Birla Sun Life MIDCAP Fund: Vishal Gajwani. Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.