Axis Nifty 100 Index Fund vs Bandhan Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty 100 Index Fund is an Index fund and Bandhan Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Axis Nifty 100 Index Fund (Direct) returned 8.8% a year and Bandhan Equity Savings Fund (Direct) returned 7.2% a year. Axis Nifty 100 Index Fund charges 0.26% a year and Bandhan Equity Savings Fund 0.63% (Direct plans). Their portfolios overlap 47.0%: they hold 42 of the same securities.
Axis Nifty 100 Index Fund
Index
- 3 year return
- 8.8%
- Expense ratio
- 0.26%
- NAV
- ₹21.51
Bandhan Equity Savings Fund
Equity Savings
- 3 year return
- 7.2%
- Expense ratio
- 0.63%
- NAV
- ₹36.41
Which is better, Axis Nifty 100 Index or Bandhan Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Nifty 100 Index returned more over 5 years: 7.0% a year against 6.7%.
- Axis Nifty 100 Index returned more over 3 years: 8.8% a year against 7.2%.
- Axis Nifty 100 Index costs less: 0.26% a year against 0.63% (Direct plans).
- Bandhan Equity Savings swung less over 3 years: a standard deviation of 2.3% a year against 13.6%.
- Bandhan Equity Savings fell less in its worst fall since 23-10-2019: −17.3% against −37.0%.
- Axis Nifty 100 Index holds more in large companies: 98.0% of the fund in large caps against 62.4%.
- Axis Nifty 100 Index is the larger fund: ₹1,989 Cr against ₹409 Cr.
- Their portfolios overlap 47.0%: 42 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 | Axis Nifty 100 Index Fund | Bandhan Equity Savings Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Bandhan Mutual Fund |
| Category | Index | Equity Savings |
| AUM | ₹1,989 Cr (30-09-2026) | ₹409 Cr (31-08-2026) |
| NAV | ₹21.51 (Direct) | ₹36.41 (Direct) |
| Expense ratio (Direct) | 0.26% | 0.63% |
| Expense ratio (Regular) | 0.97% | 1.54% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | Nifty 100 TRI | CRISIL Equity Savings Index |
| Launch date | 18-10-2019 | 09-06-2008 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Kapil Kankonkar, Viraj Kulkarni, Harshal Joshi, Ritika Behera, Gaurav Satra, Brijesh Shah |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 7 days. |
Axis Nifty 100 Index vs Bandhan Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| Axis Nifty 100 Index Fund (Direct) | +1.02% | −5.36% | −3.09% | −8.92% | +8.79% | +6.97% | -- |
| Bandhan Equity Savings Fund (Direct) | +0.76% | −0.35% | +2.38% | +3.37% | +7.17% | +6.70% | +7.17% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Axis Nifty 100 Index vs Bandhan Equity Savings: Year-wise Returns
| Year | Axis Nifty 100 IndexAxis Nifty 100 Index | Bandhan Equity SavingsBandhan Equity Savings |
|---|---|---|
| 2026to date | −9.51% | +2.22% |
| 2025 | +10.02% | +7.33% |
| 2024 | +12.57% | +8.64% |
| 2023 | +20.95% | +10.73% |
| 2022 | +4.79% | +3.55% |
| 2021 | +25.90% | +11.32% |
Axis Nifty 100 Index vs Bandhan Equity Savings: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Axis Nifty 100 Index Fund
Rolling returns
Every 3-year holding period, 996 of them, one for each trading day from 25-10-2022 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.
Axis Nifty 100 Index Fund (Direct)
Bandhan Equity Savings Fund (Direct)
Nifty 100 TRI
to
Feb 2023Oct 2020
to
Oct 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty 100 Index | 0.0 | 0.0 | 6.4 | 42.7 | 38.5 | 9.9 | 2.5 | 15.4% | 15.1% | 6.8% | 30.4% | 0% |
| Bandhan Equity Savings | 0.0 | 0.0 | 92.6 | 7.4 | 0.0 | 0.0 | 0.0 | 8.6% | 8.5% | 6.7% | 14.7% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 4.8 | 40.8 | 41.1 | 9.7 | 3.6 | 15.7% | 15.4% | 7.1% | 31.4% | -- |
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 100 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 23-10-2019. Past returns do not promise future returns.
Axis Nifty 100 Index vs Bandhan Equity Savings: 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 23-10-2019 to 30-10-2026: 85 instalments, ₹8,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 100 IndexAxis Nifty 100 Index Fund (Direct) | ₹8,50,000 | ₹11,94,685 | ₹3,44,685 | 9.5% |
| Bandhan Equity SavingsBandhan Equity Savings Fund (Direct) | ₹8,50,000 | ₹11,07,734 | ₹2,57,734 | 7.4% |
Axis Nifty 100 IndexAxis Nifty 100 Index Fund (Direct)
Bandhan Equity SavingsBandhan Equity Savings 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.
Axis Nifty 100 Index vs Bandhan Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty 100 Index Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.92% | +3.37% |
| Standard deviation | 13.88% | 2.73% |
| Sharpe ratio | -1.02 | -0.69 |
| Sortino ratio | -1.36 | -0.91 |
| Maximum drawdown | −14.9% (31-03-2026) | −2.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.24% | -- |
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 | Axis Nifty 100 Index Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.79% | +7.17% |
| Standard deviation | 13.63% | 2.34% |
| Sharpe ratio | 0.20 | 0.49 |
| Sortino ratio | 0.28 | 0.68 |
| Maximum drawdown | −17.3% (28-02-2025) | −2.2% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.29% | -- |
From daily NAVs, 30-10-2023 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 | Axis Nifty 100 Index Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.70% |
| Standard deviation | 13.91% | 2.57% |
| Sharpe ratio | 0.08 | 0.35 |
| Sortino ratio | 0.12 | 0.48 |
| Maximum drawdown | −17.3% (28-02-2025) | −3.3% (17-06-2022) |
| Beta | 1.00 | -- |
| Alpha | −0.24% | -- |
From daily NAVs, 29-10-2021 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 | Axis Nifty 100 Index Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.58% | +7.36% |
| Standard deviation | 17.02% | 4.54% |
| Sharpe ratio | 0.38 | 0.33 |
| Sortino ratio | 0.51 | 0.43 |
| Maximum drawdown | −37.0% (23-03-2020) | −17.3% (23-03-2020) |
| Beta | 0.99 | -- |
| Alpha | −0.21% | -- |
From daily NAVs, 23-10-2019 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.
Axis Nifty 100 Index Fund (Direct)
Bandhan Equity Savings Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty 100 Index Fund (Direct) | −37.0% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.4% |
| Bandhan Equity Savings Fund (Direct) | −17.3% | 24-01-2020 | 23-03-2020 | 04-08-2020 | 4 months | −1.0% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 23-10-2019, 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.
Axis Nifty 100 Index Fund (Direct)
Bandhan Equity Savings Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Nifty 100 Index Fund (Direct)
Bandhan Equity Savings Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Nifty 100 Index Fund (Direct)
Bandhan Equity Savings Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 100 Index Fund (Direct) | 99% | 100% | 0.37% |
| Bandhan Equity Savings Fund (Direct) | 34% | 12% | 12.75% |
From month-end values since 23-10-2019. 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.
Axis Nifty 100 Index vs Bandhan Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 100 Index Fund, September 2026; Bandhan Equity Savings Fund, August 2026
Holdings in common
- Overlap
- 47.0%
- Held by both
- 42
- Only in Axis Nifty 100 Index
- 58
- Only in Bandhan Equity Savings
- 24
| Security | % of Axis Nifty 100 Index | % of Bandhan Equity Savings |
|---|---|---|
| HDFC Bank Limited | 8.42% | 3.66% |
| Reliance Industries Limited | 6.15% | 3.22% |
| Larsen & Toubro Limited | 3.41% | 2.95% |
| Bharti Airtel Limited | 4.14% | 2.90% |
| Axis Bank Limited | 2.73% | 3.87% |
| Kotak Mahindra Bank Limited | 2.38% | 3.76% |
| ICICI Bank Limited | 7.34% | 2.34% |
| State Bank of India | 3.07% | 2.30% |
| ITC Limited | 1.96% | 2.15% |
| Sun Pharmaceutical Industries Limited | 1.49% | 1.91% |
| Titan Company Limited | 1.47% | 1.29% |
| Maruti Suzuki India Limited | 1.21% | 1.82% |
| Tata Steel Limited | 1.18% | 1.06% |
| Grasim Industries Limited | 0.90% | 1.91% |
| Asian Paints Limited | 0.84% | 0.82% |
| Hindalco Industries Limited | 1.06% | 0.80% |
| Bajaj Auto Limited | 0.92% | 0.80% |
| Bajaj Finserv Limited | 0.78% | 1.89% |
| Tata Consultancy Services Limited | 1.62% | 0.76% |
| TVS Motor Company Limited | 0.75% | 0.95% |
| Nestle India Limited | 0.73% | 1.89% |
| NTPC Limited | 1.19% | 0.71% |
| UltraTech Cement Limited | 1.00% | 0.70% |
| HCL Technologies Limited | 1.00% | 0.68% |
| Hindustan Unilever Limited | 1.29% | 0.67% |
| JSW Steel Limited | 0.93% | 0.67% |
| Bajaj Finance Limited | 2.03% | 0.66% |
| Apollo Hospitals Enterprise Limited | 0.65% | 0.77% |
| Infosys Limited | 2.72% | 0.61% |
| SBI Life Insurance Company Limited | 0.59% | 1.07% |
| Cipla Limited | 0.59% | 0.67% |
| Torrent Pharmaceuticals Limited | 0.55% | 0.64% |
| Dr. Reddy's Laboratories Limited | 0.58% | 0.54% |
| Bharat Electronics Limited | 1.08% | 0.48% |
| Tata Power Company Limited | 0.47% | 0.97% |
| CG Power and Industrial Solutions Limited | 0.45% | 1.20% |
| Adani Ports and Special Economic Zone Limited | 1.09% | 0.44% |
| Britannia Industries Limited | 0.44% | 0.71% |
| Pidilite Industries Limited | 0.35% | 2.91% |
| Wipro Limited | 0.33% | 0.65% |
| Canara Bank | 0.31% | 2.93% |
| Punjab National Bank | 0.30% | 1.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.0% means 47.0% 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 Axis Nifty 100 Index Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.04% |
| Eternal Limited | 1.80% |
| Shriram Finance Limited | 1.07% |
| BSE Limited | 0.98% |
| Divi's Laboratories Limited | 0.91% |
Largest holdings only in Bandhan Equity Savings Fund
| Security | % of fund |
|---|---|
| Bandhan Money Market Fund -Direct Plan-Growth | 6.97% |
| 7.48% National Bank For Agriculture and Rural Development | 4.38% |
| 8.1% Bajaj Housing Finance Limited | 2.45% |
| 6.54% GOI (MD 17/01/2032) | 2.43% |
| 7.1% Bajaj Housing Finance Limited | 2.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 100 Index | Bandhan Equity Savings |
|---|---|---|
| Equity | 100.0% | 65.9% |
| Debt | 0.0% | 24.9% |
| Cash and others | -0.0% | 9.2% |
Market cap of stocks
| Market cap | Axis Nifty 100 Index | Bandhan Equity Savings |
|---|---|---|
| Large Cap | 98.0% | 62.4% |
| Mid Cap | 2.0% | 3.5% |
| Small Cap | 0.0% | 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 | Axis Nifty 100 Index | Bandhan Equity Savings |
|---|---|---|
| Banks | 25.1% | 20.1% |
| Petroleum Products | 7.0% | 3.2% |
| IT - Software | 6.7% | 2.7% |
| Automobiles | 6.4% | 3.6% |
| Finance | 6.2% | 2.7% |
| Pharmaceuticals & Biotechnology | 4.3% | 5.3% |
| Telecom - Services | 4.4% | 2.9% |
| Construction | 3.4% | 3.0% |
| Cement & Cement Products | 2.1% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 100 Index vs Bandhan Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 100 Index Fund | Bandhan Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.26% | 0.63% |
| Base expense ratio (Direct) | 0.18% | 0.15% |
| Total expense ratio (Regular) | 0.97% | 1.54% |
| Base expense ratio (Regular) | 0.79% | 0.93% |
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
Axis Nifty 100 Index Fund vs Bandhan Equity Savings Fund: Frequently Asked Questions
What is the difference between Axis Nifty 100 Index Fund and Bandhan Equity Savings Fund?
Axis Nifty 100 Index Fund is an Index fund, Bandhan Equity Savings Fund is an Equity Savings fund, run by Axis Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 47.0%. Axis Nifty 100 Index Fund charges 0.26% a year and Bandhan Equity Savings Fund 0.63%.
Which has given higher returns, Axis Nifty 100 Index Fund or Bandhan Equity Savings Fund?
Over 1 year: Axis Nifty 100 Index Fund −8.92%, Bandhan Equity Savings Fund +3.37%. Over 3 years: Axis Nifty 100 Index Fund +8.79% a year, Bandhan Equity Savings Fund +7.17% a year. Over 5 years: Axis Nifty 100 Index Fund +6.97% a year, Bandhan Equity Savings Fund +6.70% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 100 Index Fund or Bandhan Equity Savings Fund?
Axis Nifty 100 Index Fund charges less: 0.26% a year against 0.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty 100 Index Fund and Bandhan Equity Savings Fund overlap?
47.0%. They hold 42 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, LT. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty 100 Index Fund or Bandhan Equity Savings Fund?
On SEBI's riskometer, Axis Nifty 100 Index Fund is rated Very High and Bandhan Equity Savings Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 13.63% and 2.34% a year.
Which is better for SIP, Axis Nifty 100 Index Fund or Bandhan Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,06,250 in Axis Nifty 100 Index Fund (XIRR 5.7% a year) and ₹7,22,327 in Bandhan Equity Savings Fund (XIRR 6.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Nifty 100 Index Fund and Bandhan Equity Savings Fund?
Yes. 47.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty 100 Index Fund and Bandhan Equity Savings Fund?
Axis Nifty 100 Index Fund: Nandik Malik, Rohit Gautam. Bandhan Equity Savings Fund: Kapil Kankonkar, Viraj Kulkarni, Harshal Joshi, Ritika Behera, Gaurav Satra, Brijesh Shah.
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.