Bandhan Focused Fund vs DSP BSE Sensex ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Focused Fund is a Focused fund and DSP BSE Sensex ETF is an ETF fund. In the 3 years to 30-10-2026, Bandhan Focused Fund (Direct) returned 14.3% a year and DSP BSE Sensex ETF returned 6.2% a year. Bandhan Focused Fund charges 1.02% a year and DSP BSE Sensex ETF 0.08%. Their portfolios overlap 31.9%: they hold 10 of the same securities.
Which is better, Bandhan Focused or DSP BSE Sensex 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 Focused returned more over 3 years: 14.3% a year against 6.2%.
- Bandhan Focused returned more over 1 year: −5.5% against −10.9%.
- DSP BSE Sensex ETF costs less: 0.08% a year against 1.02%.
- DSP BSE Sensex ETF swung less over 3 years: a standard deviation of 13.2% a year against 15.2%.
- DSP BSE Sensex ETF fell less in its worst fall since 27-07-2023: −16.0% against −17.8%.
- DSP BSE Sensex ETF holds more in large companies: 99.8% of the fund in large caps against 37.7%.
- Bandhan Focused is the larger fund: ₹2,094 Cr against ₹4 Cr.
- Their portfolios overlap 31.9%: 10 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 Focused Fund | DSP BSE Sensex ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | DSP Mutual Fund |
| Category | Focused | ETF |
| AUM | ₹2,094 Cr (31-08-2026) | ₹4 Cr (30-09-2026) |
| NAV | ₹101.26 (Direct) | ₹76.91 |
| Expense ratio (Direct) | 1.02% | Not available |
| Expense ratio (Regular) | 2.28% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | BSE SENSEX TRI |
| Launch date | 16-03-2006 | 27-07-2023 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Kirthi Jain, Rahul Agarwal, Ritika Behera, Gaurav Satra | Anil Ghelani, Diipesh Shah, Neha Rathi |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Nil |
Bandhan Focused vs DSP BSE Sensex 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 Focused Fund (Direct) | −4.52% | −3.55% | −2.57% | −5.46% | +14.34% | +10.58% | +13.21% |
| DSP BSE Sensex ETF | +2.77% | −4.28% | −2.42% | −10.92% | +6.17% | -- | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | +13.15% |
Category average: the average of the 28 Focused funds, same plan type.
Bandhan Focused vs DSP BSE Sensex ETF: Year-wise Returns
| Year | Bandhan FocusedBandhan Focused | DSP BSE Sensex ETFDSP BSE Sensex ETF |
|---|---|---|
| 2026to date | −2.69% | −11.82% |
| 2025 | −0.37% | +10.26% |
| 2024 | +32.01% | +9.20% |
| 2023 | +33.00% | -- |
| 2022 | −3.73% | -- |
| 2021 | +26.28% | -- |
Bandhan Focused vs DSP BSE Sensex ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan Focused Fund
Rolling returns
Every 3-year holding period, 65 of them, one for each trading day from 27-07-2026 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 Focused Fund (Direct)
DSP BSE Sensex ETF
BSE 500 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Focused | 0.0 | 0.0 | 0.0 | 24.6 | 75.4 | 0.0 | 0.0 | 15.6% | 15.7% | 13.9% | 17.0% | 100% |
| DSP BSE Sensex ETF | 0.0 | 33.8 | 66.2 | 0.0 | 0.0 | 0.0 | 0.0 | 5.8% | 6.2% | 3.8% | 7.6% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 36.9 | 63.1 | 0.0 | 0.0 | 0.0 | 10.8% | 10.5% | 8.4% | 12.8% | -- |
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 27-07-2023. Past returns do not promise future returns.
Bandhan Focused vs DSP BSE Sensex 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 03-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan FocusedBandhan Focused Fund (Direct) | ₹4,00,000 | ₹4,43,429 | ₹43,429 | 6.1% |
| DSP BSE Sensex ETFDSP BSE Sensex ETF | ₹4,00,000 | ₹3,98,766 | −₹1,234 | −0.2% |
Bandhan FocusedBandhan Focused Fund (Direct)
DSP BSE Sensex ETFDSP BSE Sensex ETF
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 Focused vs DSP BSE Sensex ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Focused Fund (Direct) | DSP BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | −5.46% | −10.92% |
| Standard deviation | 16.00% | 13.97% |
| Sharpe ratio | -0.67 | -1.16 |
| Sortino ratio | -0.92 | -1.55 |
| Maximum drawdown | −14.7% (31-03-2026) | −16.0% (31-03-2026) |
| Beta | 1.04 | 1.00 |
| Alpha | +2.76% | −0.04% |
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 Focused Fund (Direct) | DSP BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +14.34% | +6.17% |
| Standard deviation | 15.18% | 13.25% |
| Sharpe ratio | 0.55 | 0.01 |
| Sortino ratio | 0.77 | 0.01 |
| Maximum drawdown | −17.8% (07-04-2025) | −16.0% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | +4.49% | −0.15% |
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 Focused Fund (Direct) | DSP BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +12.42% | +4.70% |
| Standard deviation | 16.08% | 12.95% |
| Sharpe ratio | 0.40 | -0.11 |
| Sortino ratio | 0.54 | -0.15 |
| Maximum drawdown | −37.5% (23-03-2020) | −16.0% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | −0.16% | −0.15% |
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 Focused Fund (Direct)
DSP BSE Sensex ETF
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Focused Fund (Direct) | −17.8% | 11-12-2024 | 07-04-2025 | 29-10-2025 | 7 months | −8.5% |
| DSP BSE Sensex ETF | −16.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 27-07-2023, 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 Focused Fund (Direct)
DSP BSE Sensex ETF
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 Focused Fund (Direct)
DSP BSE Sensex ETF
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Focused Fund (Direct) | 108% | 87% | 7.69% |
| DSP BSE Sensex ETF | 80% | 94% | 4.92% |
From month-end values since 27-07-2023. 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 Focused vs DSP BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Focused Fund, August 2026; DSP BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 31.9%
- Held by both
- 10
- Only in Bandhan Focused
- 19
- Only in DSP BSE Sensex ETF
- 20
| Security | % of Bandhan Focused | % of DSP BSE Sensex ETF |
|---|---|---|
| HDFC Bank Limited | 6.22% | 12.57% |
| ICICI Bank Limited | 4.93% | 11.02% |
| Kotak Mahindra Bank Limited | 3.27% | 3.57% |
| State Bank of India | 3.23% | 4.63% |
| Reliance Industries Limited | 3.11% | 9.14% |
| Eternal Limited | 3.05% | 2.69% |
| Larsen & Toubro Limited | 2.58% | 5.10% |
| Tata Consultancy Services Limited | 2.18% | 2.42% |
| Infosys Limited | 1.88% | 4.08% |
| NTPC Limited | 1.94% | 1.78% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.9% means 31.9% 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 Focused Fund
| Security | % of fund |
|---|---|
| LT Foods Limited | 9.04% |
| Prestige Estates Projects Limited | 6.71% |
| Cholamandalam Financial Holdings Limited | 5.80% |
| Glenmark Pharmaceuticals Limited | 5.60% |
| Jubilant Pharmova Limited | 5.09% |
Largest holdings only in DSP BSE Sensex ETF
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 6.37% |
| Axis Bank Limited | 4.08% |
| Mahindra & Mahindra Limited | 3.06% |
| Bajaj Finance Limited | 2.99% |
| ITC Limited | 2.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Focused | DSP BSE Sensex ETF |
|---|---|---|
| Equity | 97.6% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.2% |
Market cap of stocks
| Market cap | Bandhan Focused | DSP BSE Sensex ETF |
|---|---|---|
| Large Cap | 37.7% | 99.8% |
| Mid Cap | 13.6% | 0.0% |
| Small Cap | 43.3% | 0.0% |
| Not on AMFI's list | 3.0% | 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 | Bandhan Focused | DSP BSE Sensex ETF |
|---|---|---|
| Banks | 19.9% | 35.9% |
| Pharmaceuticals & Biotechnology | 11.9% | 2.3% |
| Finance | 9.4% | 4.1% |
| Petroleum Products | 3.1% | 9.1% |
| IT - Software | 4.1% | 9.1% |
| Agricultural Food & other Products | 9.0% | 0.0% |
| Realty | 9.0% | 0.0% |
| Telecom - Services | 0.0% | 6.4% |
| Retailing | 6.3% | 3.7% |
| Construction | 2.6% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Focused vs DSP BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Focused Fund | DSP BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | Not available |
| Base expense ratio (Direct) | 0.68% | 0.06% |
| Total expense ratio (Regular) | 2.28% | Not available |
| Base expense ratio (Regular) | 1.76% | 0.00% |
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 Focused Fund vs DSP BSE Sensex ETF: Frequently Asked Questions
What is the difference between Bandhan Focused Fund and DSP BSE Sensex ETF?
Bandhan Focused Fund is a Focused fund, DSP BSE Sensex ETF is an ETF fund, run by Bandhan Mutual Fund and DSP Mutual Fund. Their portfolios overlap 31.9%. Bandhan Focused Fund charges 1.02% a year and DSP BSE Sensex ETF 0.08%.
Which has given higher returns, Bandhan Focused Fund or DSP BSE Sensex ETF?
Over 1 year: Bandhan Focused Fund −5.46%, DSP BSE Sensex ETF −10.92%. Over 3 years: Bandhan Focused Fund +14.34% a year, DSP BSE Sensex ETF +6.17% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Focused Fund or DSP BSE Sensex ETF?
DSP BSE Sensex ETF charges less: 0.08% a year against 1.02%. These are the total expense ratios reported to AMFI.
How much do Bandhan Focused Fund and DSP BSE Sensex ETF overlap?
31.9%. They hold 10 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Focused Fund or DSP BSE Sensex ETF?
On SEBI's riskometer, Bandhan Focused Fund is rated Very High and DSP BSE Sensex ETF Very High. Over 3 years, the standard deviation of daily returns was 15.18% and 13.25% a year.
Which is better for SIP, Bandhan Focused Fund or DSP BSE Sensex ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,98,939 in Bandhan Focused Fund (XIRR 4.8% a year) and ₹3,63,827 in DSP BSE Sensex ETF (XIRR -1.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Focused Fund and DSP BSE Sensex ETF?
Yes. 31.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Focused Fund and DSP BSE Sensex ETF?
Bandhan Focused Fund: Manish Gunwani, Kirthi Jain, Rahul Agarwal, Ritika Behera, Gaurav Satra. DSP BSE Sensex ETF: Anil Ghelani, Diipesh Shah, Neha Rathi.
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.