Bandhan BSE Healthcare Index Fund vs Bandhan Healthcare Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan BSE Healthcare Index Fund is an Index fund and Bandhan Healthcare Fund is a Sectoral fund. Bandhan BSE Healthcare Index Fund charges 0.34% a year and Bandhan Healthcare Fund 1.25% (Direct plans). Their portfolios overlap 59.5%: they hold 33 of the same securities.
Bandhan BSE Healthcare Index Fund
Index
- Expense ratio
- 0.34%
- NAV
- ₹11.58
Which is better, Bandhan BSE Healthcare Index or Bandhan Healthcare? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan BSE Healthcare Index costs less: 0.34% a year against 1.25% (Direct plans).
- Bandhan BSE Healthcare Index fell less in its worst fall since 02-12-2025: −10.0% against −10.1%.
- Bandhan Healthcare is the larger fund: ₹332 Cr against ₹21 Cr.
- Their portfolios overlap 59.5%: 33 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 | Bandhan BSE Healthcare Index Fund | Bandhan Healthcare Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Index | Sectoral |
| AUM | ₹21 Cr (31-08-2026) | ₹332 Cr (31-08-2026) |
| NAV | ₹11.58 (Direct) | ₹10.99 (Direct) |
| Expense ratio (Direct) | 0.34% | 1.25% |
| Expense ratio (Regular) | 1.15% | 2.78% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Healthcare TRI | BSE Healthcare TRI |
| Launch date | 06-09-2024 | 28-11-2025 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra |
| Exit load | • 0.25% if redeemed on or before 15 days from the allotment date. • Nil if redeemed after 15 days from allotment date. | Exit load of 0.50%, if redeemed within 30 days. |
Bandhan BSE Healthcare Index vs Bandhan Healthcare: 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 |
|---|---|---|---|---|---|---|---|
| Bandhan BSE Healthcare Index Fund (Direct) | +0.22% | −1.08% | +12.61% | +11.96% | -- | -- | -- |
| Bandhan Healthcare Fund (Direct) | −1.17% | −1.35% | +11.81% | -- | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | -- | -- | -- | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
Bandhan BSE Healthcare Index vs Bandhan Healthcare: Year-wise Returns
| Year | BSE Healthcare IndexBandhan BSE Healthcare Index | HealthcareBandhan Healthcare | BSE Healthcare TRI |
|---|---|---|---|
| 2026to date | +14.73% | +12.12% | +15.08% |
| 2025 | −2.98% | -- | −2.72% |
Bandhan BSE Healthcare Index vs Bandhan Healthcare: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of both
Bandhan BSE Healthcare Index vs Bandhan Healthcare: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan BSE Healthcare Index Fund (Direct) | Bandhan Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +11.45% |
| Standard deviation | 14.58% | 12.98% |
| Sharpe ratio | 0.11 | 0.48 |
| Sortino ratio | 0.15 | 0.69 |
| Maximum drawdown | −16.2% (28-02-2025) | −10.1% (23-10-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.33% | −2.11% |
From daily NAVs, 09-09-2024 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.
Bandhan BSE Healthcare Index Fund (Direct)
Bandhan Healthcare Fund (Direct)
BSE Healthcare TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan BSE Healthcare Index Fund (Direct) | −10.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.8% |
| Bandhan Healthcare Fund (Direct) | −10.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −5.1% |
| BSE Healthcare TRI | −9.9% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.8% |
From daily values since 02-12-2025, the first day every fund has.
Bandhan BSE Healthcare Index vs Bandhan Healthcare: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan BSE Healthcare Index Fund, August 2026; Bandhan Healthcare Fund, August 2026
Holdings in common
- Overlap
- 59.5%
- Held by both
- 33
- Only in Bandhan BSE Healthcare Index
- 92
- Only in Bandhan Healthcare
- 2
| Security | % of Bandhan BSE Healthcare Index | % of Bandhan Healthcare |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 12.95% | 10.48% |
| Apollo Hospitals Enterprise Limited | 5.55% | 5.64% |
| Cipla Limited | 4.91% | 6.38% |
| Max Healthcare Institute Limited | 4.62% | 5.81% |
| Divi's Laboratories Limited | 7.22% | 4.28% |
| Dr. Reddy's Laboratories Limited | 4.35% | 3.48% |
| Torrent Pharmaceuticals Limited | 4.36% | 3.36% |
| Lupin Limited | 3.24% | 3.96% |
| Aurobindo Pharma Limited | 2.89% | 4.14% |
| Glenmark Pharmaceuticals Limited | 2.28% | 2.24% |
| Zydus Lifesciences Limited | 1.79% | 2.78% |
| IPCA Laboratories Limited | 1.69% | 1.49% |
| Gland Pharma Limited | 1.40% | 3.05% |
| Sai Life Sciences Limited | 1.21% | 1.10% |
| Ajanta Pharma Limited | 0.94% | 1.74% |
| Dr. Lal Path Labs Limited | 0.92% | 0.88% |
| Narayana Hrudayalaya Limited | 0.81% | 2.59% |
| Global Health Limited | 0.78% | 2.45% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.76% | 3.68% |
| Shilpa Medicare Limited | 0.68% | 3.72% |
| Eris Lifesciences Limited | 0.49% | 2.35% |
| Syngene International Limited | 0.47% | 2.42% |
| Rainbow Childrens Medicare Limited | 0.44% | 2.13% |
| Pfizer Limited | 0.43% | 1.84% |
| Jubilant Pharmova Limited | 0.43% | 1.46% |
| AstraZeneca Pharma India Limited | 0.27% | 1.26% |
| Alivus Life Sciences Limited | 0.26% | 1.36% |
| Viyash Scientific Limited | 0.25% | 0.85% |
| Healthcare Global Enterprises Limited | 0.24% | 1.66% |
| Thyrocare Technologies Limited | 0.23% | 1.46% |
| Sanofi India Limited | 0.17% | 1.51% |
| Orchid Pharma Limited | 0.09% | 1.08% |
| Novartis India Limited | 0.07% | 1.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 59.5% means 59.5% 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 Bandhan BSE Healthcare Index Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 4.48% |
| Fortis Healthcare Limited | 2.90% |
| Alkem Laboratories Limited | 1.92% |
| Biocon Limited | 1.77% |
| Mankind Pharma Limited | 1.64% |
Largest holdings only in Bandhan Healthcare Fund
| Security | % of fund |
|---|---|
| Sai Parenterals Limited | 0.95% |
| Medi Assist Healthcare Services Limited | 0.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan BSE Healthcare Index | Bandhan Healthcare |
|---|---|---|
| Equity | 100.1% | 96.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 4.0% |
Market cap of stocks
| Market cap | Bandhan BSE Healthcare Index | Bandhan Healthcare |
|---|---|---|
| Large Cap | 35.0% | 30.1% |
| Mid Cap | 38.9% | 31.9% |
| Small Cap | 25.9% | 33.9% |
| Not on AMFI's list | 0.3% | 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 | Bandhan BSE Healthcare Index | Bandhan Healthcare |
|---|---|---|
| Pharmaceuticals & Biotechnology | 77.1% | 70.0% |
| Healthcare Services | 22.5% | 25.0% |
| Insurance | 0.0% | 0.9% |
| Healthcare Equipment & Supplies | 0.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan BSE Healthcare Index vs Bandhan Healthcare: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan BSE Healthcare Index Fund | Bandhan Healthcare Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 1.25% |
| Base expense ratio (Direct) | 0.19% | 0.78% |
| Total expense ratio (Regular) | 1.15% | 2.78% |
| Base expense ratio (Regular) | 0.88% | 2.10% |
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
Bandhan BSE Healthcare Index Fund vs Bandhan Healthcare Fund: Frequently Asked Questions
What is the difference between Bandhan BSE Healthcare Index Fund and Bandhan Healthcare Fund?
Bandhan BSE Healthcare Index Fund is an Index fund, Bandhan Healthcare Fund is a Sectoral fund, run by Bandhan Mutual Fund. Their portfolios overlap 59.5%. Bandhan BSE Healthcare Index Fund charges 0.34% a year and Bandhan Healthcare Fund 1.25%.
Which has the lower expense ratio, Bandhan BSE Healthcare Index Fund or Bandhan Healthcare Fund?
Bandhan BSE Healthcare Index Fund charges less: 0.34% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan BSE Healthcare Index Fund and Bandhan Healthcare Fund overlap?
59.5%. They hold 33 of the same securities, the largest shared ones being SUNPHARMA, APOLLOHOSP, CIPLA. From each fund's latest monthly portfolio.
Which is riskier, Bandhan BSE Healthcare Index Fund or Bandhan Healthcare Fund?
On SEBI's riskometer, Bandhan BSE Healthcare Index Fund is rated Very High and Bandhan Healthcare Fund Very High. Over their common history, the standard deviation of daily returns was 14.58% and 12.98% a year.
Can I invest in both Bandhan BSE Healthcare Index Fund and Bandhan Healthcare Fund?
Yes. 59.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan BSE Healthcare Index Fund and Bandhan Healthcare Fund?
Bandhan BSE Healthcare Index Fund: Abhishek Jain. Bandhan Healthcare Fund: Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra.
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.