Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund is an Index fund and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund is an Index fund. In the 3 years to 30-10-2026, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) returned 7.1% a year and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) returned 7.0% a year. Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund charges 0.09% a year and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund 0.20% (Direct plans). Their portfolios overlap 22.8%: they hold 12 of the same securities.
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund
Index
- 3 year return
- 7.1%
- Expense ratio
- 0.09%
- NAV
- ₹13.05
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund
Index
- 3 year return
- 7.0%
- Expense ratio
- 0.20%
- NAV
- ₹13.32
Which is better, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index or Kotak Nifty SDL Apr 2032 Top 12 Equal Weight 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 CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index returned more over 3 years: 7.1% a year against 7.0%.
- Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index returned more over 1 year: 2.9% against 2.8%.
- Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index costs less: 0.09% a year against 0.20% (Direct plans).
- Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index swung less over 3 years: a standard deviation of 2.2% a year against 2.5%.
- Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index fell less in its worst fall since 30-11-2022: −2.3% against −2.5%.
- Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index is the larger fund: ₹2,885 Cr against ₹382 Cr.
- Their portfolios overlap 22.8%: 12 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 CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹382 Cr (30-09-2026) | ₹2,885 Cr (30-09-2026) |
| NAV | ₹13.05 (Direct) | ₹13.32 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.20% |
| Expense ratio (Regular) | 0.27% | 0.36% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL IBX 90:10 SDL Plus Gilt Index - April 2032 | Nifty SDL Apr 2032 Top 12 Equal Weight Index |
| Launch date | 29-11-2022 | 11-02-2022 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Gautam Kaul, Harshal Joshi | Abhishek Bisen |
| Exit load | Nil | Nil |
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight 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 |
|---|---|---|---|---|---|---|---|
| Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) | −0.79% | −1.69% | +1.71% | +2.93% | +7.06% | -- | -- |
| Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) | −0.76% | −1.65% | +1.71% | +2.84% | +6.95% | -- | -- |
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index: Year-wise Returns
| Year | Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index | Kotak Nifty SDL Apr 2032 Top 12 Equal WeightKotak Nifty SDL Apr 2032 Top 12 Equal Weight Index |
|---|---|---|
| 2026to date | +2.62% | +2.57% |
| 2025 | +6.82% | +6.60% |
| 2024 | +10.10% | +10.11% |
| 2023 | +7.51% | +7.33% |
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 225 of them, one for each trading day from 30-11-2025 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.
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct)
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.8% | 6.7% | 8.5% |
| Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.6% | 6.6% | 8.4% |
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. Every fund is measured over the days all of them have, from 30-11-2022. Past returns do not promise future returns.
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight 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 30-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 IndexBandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) | ₹4,80,000 | ₹5,40,912 | ₹60,912 | 5.9% |
| Kotak Nifty SDL Apr 2032 Top 12 Equal Weight IndexKotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) | ₹4,80,000 | ₹5,40,076 | ₹60,076 | 5.9% |
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 IndexBandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct)
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight IndexKotak Nifty SDL Apr 2032 Top 12 Equal Weight 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.
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.93% | +2.84% |
| Standard deviation | 2.34% | 2.62% |
| Sharpe ratio | -0.99 | -0.92 |
| Sortino ratio | -1.39 | -1.28 |
| Maximum drawdown | −2.3% (27-10-2026) | −2.2% (27-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.06% | +6.95% |
| Standard deviation | 2.22% | 2.48% |
| Sharpe ratio | 0.47 | 0.37 |
| Sortino ratio | 0.68 | 0.53 |
| Maximum drawdown | −2.3% (02-09-2025) | −2.5% (02-09-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +6.25% |
| Standard deviation | 2.11% | 2.81% |
| Sharpe ratio | 0.40 | 0.11 |
| Sortino ratio | 0.58 | 0.14 |
| Maximum drawdown | −2.3% (02-09-2025) | −3.2% (14-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-11-2022 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 CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct)
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct) | −2.3% | 04-08-2025 | 02-09-2025 | 14-11-2025 | 2 months | −2.2% |
| Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct) | −2.5% | 04-08-2025 | 02-09-2025 | 17-11-2025 | 2 months | −2.1% |
From daily values since 30-11-2022, 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.
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct)
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct)
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.
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (Direct)
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (Direct)
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund, September 2026; Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 22.8%
- Held by both
- 12
- Only in Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index
- 20
- Only in Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index
- 35
| Security | % of Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index | % of Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index |
|---|---|---|
| 7.73% Maharashtra SDL (MD 29/03/2032) | 7.38% | 16.25% |
| 7.63% Gujarat SDL (MD 25/01/2032) | 6.03% | 11.46% |
| 7.72% Maharashtra SDL (MD 23/03/2032) | 3.16% | 13.07% |
| 7.09% Rajasthan SDL (MD 16/02/2032) | 2.55% | 1.52% |
| 7.74% Andhra Pradesh SDL (MD 01/03/2032) | 1.31% | 5.05% |
| 7.3% Tamilnadu SDL (MD 30/03/2032) | 3.88% | 0.89% |
| 7.57% Gujarat SDL (MD 18/01/2032) | 0.78% | 4.46% |
| 7.29% Gujarat SDL (MD 30/03/2032) | 1.29% | 0.68% |
| 7.05% Madhya Pradesh SDL (MD 26/03/2032) | 2.04% | 0.51% |
| 7.14% Tamilnadu SDL (MD 02/03/2032) | 2.79% | 0.34% |
| 7.17% Kerala SDL (MD 02/03/2032) | 1.28% | 0.10% |
| 7.13% Haryana SDL (MD 05/01/2032) | 2.56% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.8% means 22.8% 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 CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund
| Security | % of fund |
|---|---|
| 7.28% Uttar Pradesh SDL (MD 25/01/2032) | 12.89% |
| 6.54% GOI (MD 17/01/2032) | 8.33% |
| 7.23% Tamilnadu SDL (MD 23/03/2032) | 7.98% |
| 7.72% Haryana SDL (MD 23/03/2032) | 6.56% |
| 7.2% Odisha SDL (MD 05/03/2032) | 6.42% |
Largest holdings only in Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Andhra Pradesh State Govt - 2032 - Andhra Pradesh | 18.07% |
| Karnataka State Govt - 2032 - Karnataka | 7.65% |
| Tamil Nadu State Govt - 2032 - Tamil Nadu | 2.89% |
| Andhra Pradesh State Govt - 2032 - Andhra Pradesh | 1.91% |
| Rajasthan State Govt - 2032 - Rajasthan | 1.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.3% | 96.7% |
| Cash and others | 2.7% | 3.3% |
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund | Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.20% |
| Base expense ratio (Direct) | 0.08% | 0.17% |
| Total expense ratio (Regular) | 0.27% | 0.36% |
| Base expense ratio (Regular) | 0.23% | 0.31% |
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 CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund vs Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund is an Index fund, Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund is an Index fund, run by Bandhan Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 22.8%. Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund charges 0.09% a year and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund 0.20%.
Which has given higher returns, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund or Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
Over 1 year: Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund +2.93%, Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund +2.84%. Over 3 years: Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund +7.06% a year, Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund +6.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund or Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund charges less: 0.09% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund overlap?
22.8%. They hold 12 of the same securities, the largest shared ones being 7.73% Maharashtra SDL (MD 29/03/2032), 7.63% Gujarat SDL (MD 25/01/2032), 7.72% Maharashtra SDL (MD 23/03/2032). From each fund's latest monthly portfolio.
Which is riskier, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund or Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
On SEBI's riskometer, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund is rated Moderate and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.22% and 2.48% a year.
Which is better for SIP, Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund or Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,01,495 in Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund (XIRR 5.2% a year) and ₹4,00,890 in Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund (XIRR 5.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
Yes. 22.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund and Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund?
Bandhan CRISIL IBX 90:10 SDL Plus Gilt April 2032 Index Fund: Gautam Kaul, Harshal Joshi. Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund: Abhishek Bisen.
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.