Bandhan Focused Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Focused Fund is a Focused fund and Zerodha BSE SENSEX Index Fund is an Index fund. Bandhan Focused Fund charges 1.02% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 31.9%: they hold 10 of the same securities.
Which is better, Bandhan Focused or Zerodha BSE SENSEX Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha BSE SENSEX Index costs less: 0.47% a year against 1.02% (Direct plans).
- Bandhan Focused fell less in its worst fall since 10-11-2025: −14.3% against −16.1%.
- Zerodha BSE SENSEX Index holds more in large companies: 100.1% of the fund in large caps against 37.7%.
- Bandhan Focused is the larger fund: ₹2,094 Cr against ₹19 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 | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Zerodha Mutual Fund |
| Category | Focused | Index |
| AUM | ₹2,094 Cr (31-08-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹101.26 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 1.02% | 0.47% |
| Expense ratio (Regular) | 2.28% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | BSE SENSEX TRI |
| Launch date | 16-03-2006 | 06-11-2025 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Kirthi Jain, Rahul Agarwal, Ritika Behera, Gaurav Satra | Kedarnath Mirajkar |
| 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 Zerodha BSE SENSEX 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 Focused Fund (Direct) | −4.52% | −3.55% | −2.57% | −5.46% | +14.34% | +10.58% | +13.21% |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
| 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 Zerodha BSE SENSEX Index: Year-wise Returns
| Year | Bandhan FocusedBandhan Focused | Zerodha BSE SENSEX IndexZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | −2.69% | −12.06% |
| 2025 | −0.37% | -- |
| 2024 | +32.01% | -- |
| 2023 | +33.00% | -- |
| 2022 | −3.73% | -- |
| 2021 | +26.28% | -- |
Bandhan Focused vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan Focused Fund
Bandhan Focused vs Zerodha BSE SENSEX Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Focused Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.42% | −10.70% |
| Standard deviation | 16.08% | 14.00% |
| Sharpe ratio | 0.40 | -1.14 |
| Sortino ratio | 0.54 | -1.53 |
| Maximum drawdown | −37.5% (23-03-2020) | −16.1% (30-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | −0.16% | −0.40% |
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)
Zerodha BSE SENSEX Index Fund (Direct)
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) | −14.3% | 17-11-2025 | 31-03-2026 | 04-09-2026 | 5 months | −8.5% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 10-11-2025, the first day every fund has.
Bandhan Focused vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Focused Fund, August 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 31.9%
- Held by both
- 10
- Only in Bandhan Focused
- 19
- Only in Zerodha BSE SENSEX Index
- 20
| Security | % of Bandhan Focused | % of Zerodha BSE SENSEX Index |
|---|---|---|
| HDFC Bank Limited | 6.22% | 12.59% |
| ICICI Bank Limited | 4.93% | 11.04% |
| Kotak Mahindra Bank Limited | 3.27% | 3.58% |
| State Bank of India | 3.23% | 4.64% |
| Reliance Industries Limited | 3.11% | 9.16% |
| Eternal Limited | 3.05% | 2.70% |
| Larsen & Toubro Limited | 2.58% | 5.11% |
| Tata Consultancy Services Limited | 2.18% | 2.42% |
| Infosys Limited | 1.88% | 4.09% |
| 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 Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 6.39% |
| Axis Bank Limited | 4.08% |
| Mahindra & Mahindra Limited | 3.08% |
| Bajaj Finance Limited | 3.00% |
| ITC Limited | 2.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Focused | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 97.6% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | -0.1% |
Market cap of stocks
| Market cap | Bandhan Focused | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 37.7% | 100.1% |
| 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 | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 19.9% | 35.9% |
| Pharmaceuticals & Biotechnology | 11.9% | 2.3% |
| Finance | 9.4% | 4.1% |
| Petroleum Products | 3.1% | 9.2% |
| IT - Software | 4.1% | 9.2% |
| 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 Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Focused Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 0.47% |
| Base expense ratio (Direct) | 0.68% | 0.29% |
| 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 Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between Bandhan Focused Fund and Zerodha BSE SENSEX Index Fund?
Bandhan Focused Fund is a Focused fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by Bandhan Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 31.9%. Bandhan Focused Fund charges 1.02% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, Bandhan Focused Fund or Zerodha BSE SENSEX Index Fund?
Zerodha BSE SENSEX Index Fund charges less: 0.47% a year against 1.02%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Focused Fund and Zerodha BSE SENSEX Index Fund 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 Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, Bandhan Focused Fund is rated Very High and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.08% and 14.00% a year.
Can I invest in both Bandhan Focused Fund and Zerodha BSE SENSEX Index Fund?
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 Zerodha BSE SENSEX Index Fund?
Bandhan Focused Fund: Manish Gunwani, Kirthi Jain, Rahul Agarwal, Ritika Behera, Gaurav Satra. Zerodha BSE SENSEX Index Fund: Kedarnath Mirajkar.
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.