AlphaGrep Flexi Cap Fund vs Bandhan Nifty Smallcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
AlphaGrep Flexi Cap Fund is a Flexi Cap fund and Bandhan Nifty Smallcap 250 Index Fund is an Index fund. AlphaGrep Flexi Cap Fund charges 2.80% a year and Bandhan Nifty Smallcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 22.6%: they hold 71 of the same securities.
Bandhan Nifty Smallcap 250 Index Fund
Index
- Expense ratio
- 0.38%
- NAV
- ₹12.15
Which is better, AlphaGrep Flexi Cap or Bandhan Nifty Smallcap 250 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Nifty Smallcap 250 Index costs less: 0.38% a year against 2.80% (Direct plans).
- AlphaGrep Flexi Cap fell less in its worst fall since 13-08-2026: −7.6% against −11.7%.
- AlphaGrep Flexi Cap holds more in large companies: 16.7% of the fund in large caps against 0.0%.
- Bandhan Nifty Smallcap 250 Index is the larger fund: ₹99 Cr against ₹80 Cr.
- Their portfolios overlap 22.6%: 71 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 | AlphaGrep Flexi Cap Fund | Bandhan Nifty Smallcap 250 Index Fund |
|---|---|---|
| Fund house | AlphaGrep Mutual Fund | Bandhan Mutual Fund |
| Category | Flexi Cap | Index |
| AUM | ₹80 Cr (30-09-2026) | ₹99 Cr (31-08-2026) |
| NAV | ₹9.59 (Direct) | ₹12.15 (Direct) |
| Expense ratio (Direct) | 2.80% | 0.38% |
| Expense ratio (Regular) | 4.66% | 1.08% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty Smallcap 250 TRI |
| Launch date | 11-08-2026 | 22-12-2023 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Ravneet Singh | Abhishek Jain |
| Exit load | Exit load of 1%, if redeemed within 15 Days. | Nil |
AlphaGrep Flexi Cap vs Bandhan Nifty Smallcap 250 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 |
|---|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −3.35% | -- | -- | -- | -- | -- | -- |
| Bandhan Nifty Smallcap 250 Index Fund (Direct) | −5.85% | −6.12% | +0.27% | −3.69% | -- | -- | -- |
| Flexi Cap average | −1.62% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
AlphaGrep Flexi Cap vs Bandhan Nifty Smallcap 250 Index: Year-wise Returns
| Year | AlphaGrep Flexi CapAlphaGrep Flexi Cap | Bandhan Nifty Smallcap 250 IndexBandhan Nifty Smallcap 250 Index |
|---|---|---|
| 2026to date | -- | +0.48% |
| 2025 | -- | −6.11% |
| 2024 | -- | +26.61% |
AlphaGrep Flexi Cap vs Bandhan Nifty Smallcap 250 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of AlphaGrep Flexi Cap Fund
AlphaGrep Flexi Cap vs Bandhan Nifty Smallcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | AlphaGrep Flexi Cap Fund (Direct) | Bandhan Nifty Smallcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −22.07% | +7.00% |
| Standard deviation | 11.03% | 19.20% |
| Sharpe ratio | -2.48 | 0.05 |
| Sortino ratio | -2.84 | 0.07 |
| Maximum drawdown | −7.6% (23-10-2026) | −26.1% (03-03-2025) |
| Beta | 0.83 | 1.00 |
| Alpha | +1.93% | −0.63% |
From daily NAVs, 13-08-2026 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.
AlphaGrep Flexi Cap Fund (Direct)
Bandhan Nifty Smallcap 250 Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −7.6% | 28-08-2026 | 23-10-2026 | Not yet | -- | −6.0% |
| Bandhan Nifty Smallcap 250 Index Fund (Direct) | −11.7% | 08-09-2026 | 23-10-2026 | Not yet | -- | −9.6% |
| Nifty 500 TRI | −9.3% | 13-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
From daily values since 13-08-2026, the first day every fund has.
AlphaGrep Flexi Cap vs Bandhan Nifty Smallcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: AlphaGrep Flexi Cap Fund, September 2026; Bandhan Nifty Smallcap 250 Index Fund, August 2026
Holdings in common
- Overlap
- 22.6%
- Held by both
- 71
- Only in AlphaGrep Flexi Cap
- 92
- Only in Bandhan Nifty Smallcap 250 Index
- 179
| Security | % of AlphaGrep Flexi Cap | % of Bandhan Nifty Smallcap 250 Index |
|---|---|---|
| Karur Vysya Bank Ltd. | 1.10% | 1.49% |
| AnandRathi Wealth Ltd. | 1.15% | 0.89% |
| Kirloskar Oil Engines Ltd. | 1.50% | 0.79% |
| Aster DM Quality Care Ltd. | 0.78% | 0.92% |
| Poonawalla Fincorp Ltd. | 0.90% | 0.75% |
| Tata Technologies Ltd. | 0.59% | 0.65% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.01% | 0.52% |
| Cholamandalam Financial Holdings Ltd. | 0.51% | 0.67% |
| Indraprastha Gas Ltd. | 1.05% | 0.48% |
| The Ramco Cements Ltd. | 0.47% | 0.50% |
| AFFLE 3I Ltd. | 0.56% | 0.46% |
| Motherson Sumi Wiring India Ltd. | 0.85% | 0.42% |
| Ola Electric Mobility Ltd. | 0.71% | 0.42% |
| Castrol India Ltd. | 0.40% | 0.40% |
| PVR Inox Ltd. | 0.85% | 0.39% |
| PTC Industries Ltd. | 0.38% | 0.61% |
| Gland Pharma Ltd. | 0.37% | 1.04% |
| Aditya Birla Sun Life Amc Ltd. | 0.79% | 0.35% |
| Syngene International Ltd. | 0.47% | 0.35% |
| BEML Ltd. | 1.34% | 0.34% |
| IRB Infrastructure Developers Ltd. | 0.96% | 0.34% |
| HBL Engineering Ltd. | 0.38% | 0.34% |
| Engineers India Ltd. | 0.59% | 0.33% |
| Emami Ltd. | 0.42% | 0.33% |
| Jubilant Pharmova Ltd. | 0.52% | 0.32% |
| Pfizer Ltd. | 0.41% | 0.32% |
| Redington Ltd. | 0.32% | 0.96% |
| Kaynes Technology India Ltd. | 0.31% | 0.52% |
| Narayana Hrudayalaya Ltd. | 0.31% | 0.60% |
| Triveni Turbine Ltd. | 0.57% | 0.31% |
| Titagarh Rail Systems Ltd. | 0.67% | 0.30% |
| Honasa Consumer Ltd. | 0.61% | 0.30% |
| Can Fin Homes Ltd. | 0.38% | 0.30% |
| Mahanagar Gas Ltd. | 1.01% | 0.28% |
| LT Foods Ltd. | 0.29% | 0.28% |
| City Union Bank Ltd. | 0.27% | 1.00% |
| TBO Tek Ltd. | 0.51% | 0.27% |
| Capri Global Capital Ltd. | 0.26% | 0.45% |
| Timken India Ltd. | 0.26% | 0.51% |
| Jyoti CNC Automation Ltd. | 0.26% | 0.38% |
| Minda Corporation Ltd. | 0.31% | 0.26% |
| Jubilant Ingrevia Ltd. | 0.29% | 0.26% |
| KEC International Ltd. | 0.26% | 0.25% |
| NMDC Steel Ltd. | 0.28% | 0.24% |
| RBL Bank Ltd. | 0.23% | 1.07% |
| CIE Automotive India Ltd. | 1.95% | 0.23% |
| Niva Bupa Health Insurance Company Ltd. | 1.41% | 0.23% |
| Aadhar Housing Finance Ltd. | 0.38% | 0.23% |
| Tenneco Clean Air India Ltd. | 0.41% | 0.22% |
| Concord Biotech Ltd. | 0.37% | 0.22% |
| Indian Overseas Bank | 0.35% | 0.22% |
| Sumitomo Chemical India Ltd. | 0.22% | 0.29% |
| Delhivery Ltd. | 0.21% | 1.16% |
| Sun TV Network Ltd. | 1.26% | 0.21% |
| Kajaria Ceramics Ltd. | 0.21% | 0.47% |
| Ramkrishna Forgings Ltd. | 0.20% | 0.35% |
| Sai Life Sciences Ltd. | 0.19% | 0.91% |
| Deepak Nitrite Ltd. | 0.19% | 0.55% |
| SBFC Finance Ltd. | 0.33% | 0.18% |
| Intellect Design Arena Ltd. | 0.17% | 0.28% |
| Sagility Ltd. | 0.17% | 0.49% |
| Anupam Rasayan India Ltd. | 0.18% | 0.17% |
| Elecon Engineering Company Ltd. | 0.58% | 0.16% |
| Nuvoco Vistas Corporation Ltd. | 0.17% | 0.15% |
| Zen Technologies Ltd. | 0.15% | 0.37% |
| UCO Bank | 0.14% | 0.13% |
| Trident Ltd. | 0.13% | 0.14% |
| Syrma SGS Technology Ltd. | 0.12% | 0.51% |
| DCM Shriram Ltd. | 0.12% | 0.18% |
| Aditya Birla Lifestyle Brands Ltd. | 0.10% | 0.23% |
| Afcons Infrastructure Ltd. | 0.01% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.6% means 22.6% 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 AlphaGrep Flexi Cap Fund
| Security | % of fund |
|---|---|
| DSP Mutual Fund - DSP Gold ETF | 3.81% |
| 91 DAY T-BILL 24.12.26 | 1.78% |
| Bharat Electronics Ltd. | 1.58% |
| Dixon Technologies (India) Ltd. | 1.46% |
| NTPC Ltd. | 1.24% |
Largest holdings only in Bandhan Nifty Smallcap 250 Index Fund
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 1.65% |
| Ather Energy Limited | 1.50% |
| Navin Fluorine International Limited | 1.45% |
| Welspun Corp Limited | 1.42% |
| Piramal Finance Limited | 1.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | AlphaGrep Flexi Cap | Bandhan Nifty Smallcap 250 Index |
|---|---|---|
| Equity | 81.5% | 100.2% |
| Debt | 1.8% | 0.0% |
| Cash and others | 16.8% | -0.2% |
Market cap of stocks
| Market cap | AlphaGrep Flexi Cap | Bandhan Nifty Smallcap 250 Index |
|---|---|---|
| Large Cap | 16.7% | 0.0% |
| Mid Cap | 21.7% | 7.3% |
| Small Cap | 41.8% | 92.9% |
| Not on AMFI's list | 1.2% | 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 | AlphaGrep Flexi Cap | Bandhan Nifty Smallcap 250 Index |
|---|---|---|
| Finance | 4.2% | 9.6% |
| Pharmaceuticals & Biotechnology | 6.1% | 8.5% |
| Industrial Products | 3.5% | 7.8% |
| Auto Components | 7.6% | 6.9% |
| Capital Markets | 3.0% | 5.9% |
| Electrical Equipment | 5.8% | 1.4% |
| Chemicals & Petrochemicals | 2.2% | 5.8% |
| Consumer Durables | 4.8% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
AlphaGrep Flexi Cap vs Bandhan Nifty Smallcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | AlphaGrep Flexi Cap Fund | Bandhan Nifty Smallcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.80% | 0.38% |
| Base expense ratio (Direct) | 0.50% | 0.17% |
| Total expense ratio (Regular) | 4.66% | 1.08% |
| Base expense ratio (Regular) | 2.08% | 0.77% |
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
AlphaGrep Flexi Cap Fund vs Bandhan Nifty Smallcap 250 Index Fund: Frequently Asked Questions
What is the difference between AlphaGrep Flexi Cap Fund and Bandhan Nifty Smallcap 250 Index Fund?
AlphaGrep Flexi Cap Fund is a Flexi Cap fund, Bandhan Nifty Smallcap 250 Index Fund is an Index fund, run by AlphaGrep Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 22.6%. AlphaGrep Flexi Cap Fund charges 2.80% a year and Bandhan Nifty Smallcap 250 Index Fund 0.38%.
Which has the lower expense ratio, AlphaGrep Flexi Cap Fund or Bandhan Nifty Smallcap 250 Index Fund?
Bandhan Nifty Smallcap 250 Index Fund charges less: 0.38% a year against 2.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do AlphaGrep Flexi Cap Fund and Bandhan Nifty Smallcap 250 Index Fund overlap?
22.6%. They hold 71 of the same securities, the largest shared ones being KARURVYSYA, ANANDRATHI, KIRLOSENG. From each fund's latest monthly portfolio.
Which is riskier, AlphaGrep Flexi Cap Fund or Bandhan Nifty Smallcap 250 Index Fund?
On SEBI's riskometer, AlphaGrep Flexi Cap Fund is rated Very High and Bandhan Nifty Smallcap 250 Index Fund Very High. Over their common history, the standard deviation of daily returns was 11.03% and 19.20% a year.
Can I invest in both AlphaGrep Flexi Cap Fund and Bandhan Nifty Smallcap 250 Index Fund?
Yes. 22.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages AlphaGrep Flexi Cap Fund and Bandhan Nifty Smallcap 250 Index Fund?
AlphaGrep Flexi Cap Fund: Ravneet Singh. Bandhan Nifty Smallcap 250 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.