Bandhan ELSS - Tax Saver Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan ELSS - Tax Saver Fund is an ELSS fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Bandhan ELSS - Tax Saver Fund (Direct) returned 9.7% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Bandhan ELSS - Tax Saver Fund charges 0.93% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 51.4%: they hold 35 of the same securities.
Bandhan ELSS - Tax Saver Fund
ELSS
- 3 year return
- 9.7%
- Expense ratio
- 0.93%
- NAV
- ₹172.91
Which is better, Bandhan ELSS - Tax Saver or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan ELSS - Tax Saver returned more over 5 years: 10.1% a year against 7.6%.
- Bandhan ELSS - Tax Saver returned more over 3 years: 9.7% a year against 8.8%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.93%.
- Bandhan ELSS - Tax Saver swung less over 3 years: a standard deviation of 12.5% a year against 13.5%.
- SBI BSE 100 ETF fell less in its worst fall since 25-03-2015: −38.2% against −42.6%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 69.6%.
- Bandhan ELSS - Tax Saver is the larger fund: ₹6,965 Cr against ₹9 Cr.
- Their portfolios overlap 51.4%: 35 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 ELSS - Tax Saver Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | SBI Mutual Fund |
| Category | ELSS | Not available |
| AUM | ₹6,965 Cr (31-08-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹172.91 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.93% | Not available |
| Expense ratio (Regular) | 2.00% | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 26-12-2008 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Daylynn Pinto | Not available |
| Exit load | Nil | Not available |
Bandhan ELSS - Tax Saver vs SBI BSE 100 ETF: 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 ELSS - Tax Saver Fund (Direct) | +0.23% | −4.45% | −0.81% | −4.14% | +9.74% | +10.10% | +14.61% |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Bandhan ELSS - Tax Saver vs SBI BSE 100 ETF: Year-wise Returns
| Year | Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −5.84% | −9.80% |
| 2025 | +9.16% | +10.33% |
| 2024 | +14.40% | +13.11% |
| 2023 | +29.77% | +23.07% |
| 2022 | +5.46% | +5.85% |
| 2021 | +50.88% | +26.33% |
Bandhan ELSS - Tax Saver vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan ELSS - Tax Saver Fund
Rolling returns
Every 3-year holding period, 2,126 of them, one for each trading day from 26-03-2018 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 ELSS - Tax Saver Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 TRI
to
Dec 2018May 2017
to
May 2020Nov 2018
to
Nov 2021Apr 2020
to
Apr 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan ELSS - Tax Saver | 4.4 | 5.2 | 6.8 | 23.1 | 26.1 | 19.0 | 15.4 | 16.9% | 16.5% | −7.3% | 43.1% | 75% |
| SBI BSE 100 ETF | 2.2 | 5.6 | 11.5 | 39.8 | 32.3 | 6.3 | 2.4 | 13.7% | 14.1% | −6.3% | 32.6% | 13% |
| BSE 500 TRI | 2.3 | 5.3 | 8.5 | 31.9 | 34.9 | 12.9 | 4.1 | 14.9% | 15.2% | −6.2% | 33.9% | -- |
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 500 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 25-03-2015. Past returns do not promise future returns.
Bandhan ELSS - Tax Saver vs SBI BSE 100 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
₹10,000 on the first trading day of every month, from 02-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver Fund (Direct) | ₹14,00,000 | ₹33,81,762 | ₹19,81,762 | 14.3% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹14,00,000 | ₹27,53,623 | ₹13,53,623 | 11.0% |
Bandhan ELSS - Tax SaverBandhan ELSS - Tax Saver Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 ELSS - Tax Saver vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan ELSS - Tax Saver Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −4.14% | −9.05% |
| Standard deviation | 12.70% | 13.91% |
| Sharpe ratio | -0.74 | -1.03 |
| Sortino ratio | -1.00 | -1.36 |
| Maximum drawdown | −13.8% (31-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.87 | 1.00 |
| Alpha | +1.82% | −0.16% |
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 ELSS - Tax Saver Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.74% | +8.78% |
| Standard deviation | 12.46% | 13.55% |
| Sharpe ratio | 0.30 | 0.20 |
| Sortino ratio | 0.41 | 0.28 |
| Maximum drawdown | −17.7% (04-03-2025) | −16.7% (28-02-2025) |
| Beta | 0.86 | 1.00 |
| Alpha | +0.39% | −0.18% |
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 ELSS - Tax Saver Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +10.10% | +7.62% |
| Standard deviation | 13.49% | 13.90% |
| Sharpe ratio | 0.32 | 0.13 |
| Sortino ratio | 0.43 | 0.18 |
| Maximum drawdown | −18.4% (20-06-2022) | −16.7% (28-02-2025) |
| Beta | 0.92 | 1.00 |
| Alpha | +1.68% | −0.17% |
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 | Bandhan ELSS - Tax Saver Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +15.94% | +10.40% |
| Standard deviation | 15.44% | 15.99% |
| Sharpe ratio | 0.64 | 0.30 |
| Sortino ratio | 0.86 | 0.40 |
| Maximum drawdown | −42.6% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | 0.93 | 1.00 |
| Alpha | +3.58% | −0.44% |
From daily NAVs, 02-01-2013 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 ELSS - Tax Saver Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan ELSS - Tax Saver Fund (Direct) | −42.6% | 15-01-2018 | 23-03-2020 | 18-11-2020 | 8 months | −6.7% |
| SBI BSE 100 ETF (Regular) | −38.2% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.6% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 25-03-2015, 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 ELSS - Tax Saver Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 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.
Bandhan ELSS - Tax Saver Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 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.
Bandhan ELSS - Tax Saver Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan ELSS - Tax Saver Fund (Direct) | 105% | 98% | 5.01% |
| SBI BSE 100 ETF (Regular) | 94% | 96% | 2.37% |
From month-end values since 25-03-2015. 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 ELSS - Tax Saver vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan ELSS - Tax Saver Fund, August 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 51.4%
- Held by both
- 35
- Only in Bandhan ELSS - Tax Saver
- 24
- Only in SBI BSE 100 ETF
- 65
| Security | % of Bandhan ELSS - Tax Saver | % of SBI BSE 100 ETF |
|---|---|---|
| HDFC Bank Limited | 7.74% | 8.26% |
| Reliance Industries Limited | 6.23% | 6.01% |
| ICICI Bank Limited | 5.64% | 7.24% |
| Infosys Limited | 3.09% | 2.68% |
| Axis Bank Limited | 2.99% | 2.68% |
| Bharti Airtel Limited | 2.47% | 4.18% |
| Kotak Mahindra Bank Limited | 6.32% | 2.34% |
| Larsen & Toubro Limited | 2.32% | 3.35% |
| ITC Limited | 2.27% | 1.94% |
| Tata Consultancy Services Limited | 4.31% | 1.58% |
| Eternal Limited | 1.41% | 1.76% |
| Hindustan Unilever Limited | 1.41% | 1.28% |
| Titan Company Limited | 1.28% | 1.43% |
| Maruti Suzuki India Limited | 2.63% | 1.18% |
| Sun Pharmaceutical Industries Limited | 1.14% | 1.50% |
| UltraTech Cement Limited | 0.99% | 0.98% |
| NTPC Limited | 0.80% | 1.17% |
| Bajaj Finserv Limited | 1.89% | 0.74% |
| Grasim Industries Limited | 0.73% | 0.87% |
| Oil & Natural Gas Corporation Limited | 1.66% | 0.67% |
| Tata Motors Ltd | 0.61% | 0.68% |
| Cipla Limited | 1.42% | 0.58% |
| Dr. Reddy's Laboratories Limited | 1.66% | 0.57% |
| Hero MotoCorp Limited | 1.17% | 0.51% |
| Avenue Supermarts Limited | 1.96% | 0.48% |
| HDFC Life Insurance Company Limited | 2.03% | 0.42% |
| IDFC First Bank Limited | 1.73% | 0.41% |
| GAIL (India) Limited | 0.89% | 0.35% |
| DLF Limited | 0.50% | 0.33% |
| Lupin Limited | 0.31% | 0.38% |
| ICICI Lombard General Insurance Company Limited | 1.74% | 0.30% |
| United Spirits Limited | 1.47% | 0.30% |
| Godrej Consumer Products Limited | 0.65% | 0.26% |
| Nestle India Limited | 0.21% | 0.71% |
| Britannia Industries Limited | 0.19% | 0.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.4% means 51.4% 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 ELSS - Tax Saver Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Financial Services Limited | 2.14% |
| Jindal Steel Limited | 1.97% |
| Poonawalla Fincorp Limited | 1.73% |
| Sterlite Technologies Limited | 1.46% |
| Mahindra Lifespace Developers Limited | 1.40% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| State Bank of India | 3.04% |
| Mahindra & Mahindra Ltd. | 2.01% |
| Bajaj Finance Ltd. | 1.96% |
| Tata Steel Ltd. | 1.16% |
| Bharat Electronics Ltd. | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan ELSS - Tax Saver | SBI BSE 100 ETF |
|---|---|---|
| Equity | 95.2% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.8% | 0.0% |
Market cap of stocks
| Market cap | Bandhan ELSS - Tax Saver | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 69.6% | 90.2% |
| Mid Cap | 15.8% | 9.7% |
| Small Cap | 9.7% | 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 ELSS - Tax Saver | SBI BSE 100 ETF |
|---|---|---|
| Banks | 24.4% | 26.7% |
| IT - Software | 7.5% | 7.5% |
| Pharmaceuticals & Biotechnology | 7.0% | 3.9% |
| Petroleum Products | 6.2% | 6.8% |
| Finance | 6.6% | 5.8% |
| Automobiles | 3.8% | 6.5% |
| Insurance | 5.0% | 1.3% |
| Telecom - Services | 2.5% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan ELSS - Tax Saver vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan ELSS - Tax Saver Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | Not available |
| Base expense ratio (Direct) | 0.63% | 0.00% |
| Total expense ratio (Regular) | 2.00% | 0.16% |
| Base expense ratio (Regular) | 1.56% | 0.12% |
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
Compare Bandhan ELSS - Tax Saver with
Bandhan ELSS - Tax Saver Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Bandhan ELSS - Tax Saver Fund and SBI BSE 100 ETF?
Bandhan ELSS - Tax Saver Fund is an ELSS fund, SBI BSE 100 ETF is a mutual fund, run by Bandhan Mutual Fund and SBI Mutual Fund. Their portfolios overlap 51.4%. Bandhan ELSS - Tax Saver Fund charges 0.93% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Bandhan ELSS - Tax Saver Fund or SBI BSE 100 ETF?
Over 1 year: Bandhan ELSS - Tax Saver Fund −4.14%, SBI BSE 100 ETF −9.05%. Over 3 years: Bandhan ELSS - Tax Saver Fund +9.74% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: Bandhan ELSS - Tax Saver Fund +10.10% a year, SBI BSE 100 ETF +7.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan ELSS - Tax Saver Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.93%. These are the total expense ratios reported to AMFI.
How much do Bandhan ELSS - Tax Saver Fund and SBI BSE 100 ETF overlap?
51.4%. They hold 35 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Bandhan ELSS - Tax Saver Fund or SBI BSE 100 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,58,504 in Bandhan ELSS - Tax Saver Fund (XIRR 8.5% a year) and ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan ELSS - Tax Saver Fund and SBI BSE 100 ETF?
Yes. 51.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.