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    Bandhan BSE Healthcare Index Fund vs Motilal Oswal BSE Healthcare ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Bandhan BSE Healthcare Index Fund is an Index fund and Motilal Oswal BSE Healthcare ETF is an ETF fund. In the year to 30-10-2026, Bandhan BSE Healthcare Index Fund (Direct) returned 12.0% and Motilal Oswal BSE Healthcare ETF returned 12.2%. Bandhan BSE Healthcare Index Fund charges 0.34% a year and Motilal Oswal BSE Healthcare ETF 0.36%. Their portfolios overlap 96.2%: they hold 122 of the same securities.

    Bandhan BSE Healthcare Index Fund

    Index

    1 year return
    12.0%
    Expense ratio
    0.34%
    NAV
    ₹11.58
    See Bandhan BSE Healthcare Index Fund

    Motilal Oswal BSE Healthcare ETF

    ETF

    1 year return
    12.2%
    Expense ratio
    0.36%
    NAV
    ₹50.91
    See Motilal Oswal BSE Healthcare ETF

    Which is better, Bandhan BSE Healthcare Index or Motilal Oswal BSE Healthcare ETF? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Motilal Oswal BSE Healthcare ETF returned more over 1 year: 12.2% against 12.0%.
    • Bandhan BSE Healthcare Index costs less: 0.34% a year against 0.36%.
    • Motilal Oswal BSE Healthcare ETF fell less in its worst fall since 09-09-2024: −16.1% against −16.2%.
    • Motilal Oswal BSE Healthcare ETF is the larger fund: ₹44 Cr against ₹21 Cr.
    • Their portfolios overlap 96.2%: 122 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

    FactBandhan BSE Healthcare Index FundMotilal Oswal BSE Healthcare ETF
    Fund houseBandhan Mutual FundMotilal Oswal Mutual Fund
    CategoryIndexETF
    AUM₹21 Cr (31-08-2026)₹44 Cr (30-09-2026)
    NAV₹11.58 (Direct)₹50.91
    Expense ratio (Direct)0.34%Not available
    Expense ratio (Regular)1.15%Not available
    RiskometerVery HighVery High
    BenchmarkBSE Healthcare TRIBSE Healthcare TRI
    Launch date06-09-202429-07-2022
    Minimum investment₹1,000₹500
    Lock inNoneNone
    Fund managersAbhishek JainSwapnil Mayekar, Rakesh Shetty
    Exit load• 0.25% if redeemed on or before 15 days from the allotment date. • Nil if redeemed after 15 days from allotment date.Nil

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Bandhan BSE Healthcare Index Fund (Direct)+0.22%−1.08%+12.61%+11.96%------
    Motilal Oswal BSE Healthcare ETF+0.22%−1.05%+12.72%+12.16%+22.69%----

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: Year-wise Returns

    YearBandhan BSE Healthcare IndexBandhan BSE Healthcare IndexMotilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETFBSE Healthcare TRI
    2026to date+14.73%+14.90%+15.08%
    2025−2.98%−2.93%−2.72%
    2024--+43.80%+44.30%
    2023--+37.59%+37.97%

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: Rolling Returns

    Every holding period of both funds, against BSE Healthcare TRI, the benchmark of both

    Rolling returns

    Every 1-year holding period, 284 of them, one for each trading day from 09-09-2025 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.

    −5%0%5%10%15%20%
    Oct 2024
    to
    Oct 2025
    Dec 2024
    to
    Dec 2025
    Mar 2025
    to
    Mar 2026
    May 2025
    to
    May 2026
    Jul 2025
    to
    Jul 2026
    Sept 2025
    to
    Sept 2026
    Bandhan BSE Healthcare Index Fund (Direct)Motilal Oswal BSE Healthcare ETFBSE Healthcare TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Bandhan BSE Healthcare Index15.526.820.128.29.50.00.06.9%7.2%−4.0%19.1%0%
    Motilal Oswal BSE Healthcare ETF15.726.019.928.510.00.00.07.0%7.2%−3.9%19.3%1%
    BSE Healthcare TRI14.426.119.728.211.60.00.07.3%7.5%−3.7%19.5%--

    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 BSE Healthcare 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 09-09-2024. Past returns do not promise future returns.

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 09-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Bandhan BSE Healthcare IndexBandhan BSE Healthcare Index Fund (Direct) ₹2,60,000 ₹2,95,489 ₹35,489 11.9%
    Motilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETF ₹2,60,000 ₹2,96,027 ₹36,027 12.0%
    ₹0₹1.0 L₹2.0 L₹3.0 L
    20252026
    Bandhan BSE Healthcare IndexBandhan BSE Healthcare Index Fund (Direct)Motilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETFAmount 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.

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureBandhan BSE Healthcare Index Fund (Direct)Motilal Oswal BSE Healthcare ETF
    Return (CAGR)+11.96%+12.16%
    Standard deviation13.61%13.58%
    Sharpe ratio0.490.51
    Sortino ratio0.720.75
    Maximum drawdown−10.0% (23-10-2026)−10.0% (23-10-2026)
    Beta1.001.00
    Alpha−0.41%−0.20%

    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.

    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.

    −20%−15%−10%−5%0%
    20252026
    Bandhan BSE Healthcare Index Fund (Direct)Motilal Oswal BSE Healthcare ETFBSE Healthcare TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Bandhan BSE Healthcare Index Fund (Direct)−16.2%02-01-202528-02-202529-07-20255 months−3.8%
    Motilal Oswal BSE Healthcare ETF−16.1%02-01-202528-02-202529-07-20255 months−3.8%
    BSE Healthcare TRI−16.2%02-01-202528-02-202529-07-20255 months−3.8%

    From daily values since 09-09-2024, 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.

    0%5%10%15%20%
    2026
    Bandhan BSE Healthcare Index Fund (Direct)Motilal Oswal BSE Healthcare ETFBSE Healthcare TRI

    Against BSE Healthcare TRI

    FundUp captureDown captureTracking error
    Bandhan BSE Healthcare Index Fund (Direct)99%101%0.04%
    Motilal Oswal BSE Healthcare ETF99%100%0.06%

    From month-end values since 09-09-2024. 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.

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Bandhan BSE Healthcare Index Fund, August 2026; Motilal Oswal BSE Healthcare ETF, September 2026

    Holdings in common

    Overlap
    96.2%
    Held by both
    122
    Only in Bandhan BSE Healthcare Index
    3
    Only in Motilal Oswal BSE Healthcare ETF
    15
    Security% of Bandhan BSE Healthcare Index% of Motilal Oswal BSE Healthcare ETF
    Sun Pharmaceutical Industries Limited12.95%12.33%
    Divi's Laboratories Limited7.22%7.42%
    Apollo Hospitals Enterprise Limited5.55%5.21%
    Cipla Limited4.91%4.79%
    Laurus Labs Limited4.48%4.84%
    Dr. Reddy's Laboratories Limited4.35%4.73%
    Max Healthcare Institute Limited4.62%4.32%
    Torrent Pharmaceuticals Limited4.36%3.55%
    Lupin Limited3.24%3.11%
    Aurobindo Pharma Limited2.89%2.89%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 96.2% means 96.2% 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
    Health X Platform Limited0.01%
    Nectar Lifesciences Limited0.01%
    Shree Ganesh Remedies Limited0.01%

    Largest holdings only in Motilal Oswal BSE Healthcare ETF

    Security% of fund
    Ind-Swift Laboratories Limited0.12%
    Venus Remedies Limited0.09%
    Shukra Pharmaceuticals Limited0.08%
    Fredun Pharmaceuticals Ltd0.06%
    Amrutanjan Health Care Limited0.05%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetBandhan BSE Healthcare IndexMotilal Oswal BSE Healthcare ETF
    Equity100.1%99.9%
    Debt0.0%0.0%
    Cash and others-0.1%0.1%

    Market cap of stocks

    Market capBandhan BSE Healthcare IndexMotilal Oswal BSE Healthcare ETF
    Large Cap35.0%33.3%
    Mid Cap38.9%38.5%
    Small Cap25.9%27.8%
    Not on AMFI's list0.3%0.3%

    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

    SectorBandhan BSE Healthcare IndexMotilal Oswal BSE Healthcare ETF
    Pharmaceuticals & Biotechnology77.1%78.0%
    Healthcare Services22.5%21.4%
    Healthcare Equipment & Supplies0.5%0.5%

    The six largest sectors of each fund's stocks, % of the fund.

    Bandhan BSE Healthcare Index vs Motilal Oswal BSE Healthcare ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeBandhan BSE Healthcare Index FundMotilal Oswal BSE Healthcare ETF
    Total expense ratio (Direct)0.34%Not available
    Base expense ratio (Direct)0.19%0.00%
    Total expense ratio (Regular)1.15%Not available
    Base expense ratio (Regular)0.88%0.21%

    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.

    Bandhan BSE Healthcare Index Fund vs Motilal Oswal BSE Healthcare ETF: Frequently Asked Questions

    What is the difference between Bandhan BSE Healthcare Index Fund and Motilal Oswal BSE Healthcare ETF?

    Bandhan BSE Healthcare Index Fund is an Index fund, Motilal Oswal BSE Healthcare ETF is an ETF fund, run by Bandhan Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 96.2%. Bandhan BSE Healthcare Index Fund charges 0.34% a year and Motilal Oswal BSE Healthcare ETF 0.36%.

    Which has given higher returns, Bandhan BSE Healthcare Index Fund or Motilal Oswal BSE Healthcare ETF?

    Over 1 year: Bandhan BSE Healthcare Index Fund +11.96%, Motilal Oswal BSE Healthcare ETF +12.16%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Bandhan BSE Healthcare Index Fund or Motilal Oswal BSE Healthcare ETF?

    Bandhan BSE Healthcare Index Fund charges less: 0.34% a year against 0.36%. These are the total expense ratios reported to AMFI.

    How much do Bandhan BSE Healthcare Index Fund and Motilal Oswal BSE Healthcare ETF overlap?

    96.2%. They hold 122 of the same securities, the largest shared ones being SUNPHARMA, DIVISLAB, APOLLOHOSP. From each fund's latest monthly portfolio.

    Which is riskier, Bandhan BSE Healthcare Index Fund or Motilal Oswal BSE Healthcare ETF?

    On SEBI's riskometer, Bandhan BSE Healthcare Index Fund is rated Very High and Motilal Oswal BSE Healthcare ETF Very High. Over 1 years, the standard deviation of daily returns was 13.61% and 13.58% a year.

    Can I invest in both Bandhan BSE Healthcare Index Fund and Motilal Oswal BSE Healthcare ETF?

    Yes. 96.2% 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 Motilal Oswal BSE Healthcare ETF?

    Bandhan BSE Healthcare Index Fund: Abhishek Jain. Motilal Oswal BSE Healthcare ETF: Swapnil Mayekar, Rakesh Shetty.

    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.

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