Bandhan Healthcare Fund vs DSP Healthcare Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Healthcare Fund is a Sectoral fund and DSP Healthcare Fund is a Sectoral fund. Bandhan Healthcare Fund charges 1.25% a year and DSP Healthcare Fund 0.76% (Direct plans). Their portfolios overlap 34.6%: they hold 11 of the same securities.
Which is better, Bandhan Healthcare or DSP Healthcare? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Healthcare costs less: 0.76% a year against 1.25% (Direct plans).
- Bandhan Healthcare fell less in its worst fall since 02-12-2025: −10.1% against −10.5%.
- DSP Healthcare holds 9.3% of the fund in foreign stocks; Bandhan Healthcare 0.0%.
- DSP Healthcare is the larger fund: ₹3,750 Cr against ₹332 Cr.
- Their portfolios overlap 34.6%: 11 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 Healthcare Fund | DSP Healthcare Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | DSP Mutual Fund |
| Category | Sectoral | Sectoral |
| AUM | ₹332 Cr (31-08-2026) | ₹3,750 Cr (30-09-2026) |
| NAV | ₹10.99 (Direct) | ₹50.24 (Direct) |
| Expense ratio (Direct) | 1.25% | 0.76% |
| Expense ratio (Regular) | 2.78% | 2.06% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Healthcare TRI | BSE Healthcare TRI |
| Launch date | 28-11-2025 | 30-11-2018 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra | Chirag Dagli |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Exit load of 0.50% if redeemed within 1 month. |
Bandhan Healthcare vs DSP Healthcare: 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 Healthcare Fund (Direct) | −1.17% | −1.35% | +11.81% | -- | -- | -- | -- |
| DSP Healthcare Fund (Direct) | −1.61% | +1.18% | +16.73% | +15.40% | +21.77% | +16.26% | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
Bandhan Healthcare vs DSP Healthcare: Year-wise Returns
| Year | BandhanBandhan Healthcare | DSPDSP Healthcare | BSE Healthcare TRI |
|---|---|---|---|
| 2026to date | +12.12% | +15.40% | +15.08% |
| 2025 | -- | −4.55% | −2.72% |
| 2024 | -- | +42.61% | +44.30% |
| 2023 | -- | +36.80% | +37.97% |
| 2022 | -- | −6.50% | −11.50% |
| 2021 | -- | +25.11% | +21.54% |
Bandhan Healthcare vs DSP Healthcare: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of both
Bandhan Healthcare vs DSP Healthcare: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Healthcare Fund (Direct) | DSP Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.45% | +22.57% |
| Standard deviation | 12.98% | 14.11% |
| Sharpe ratio | 0.48 | 1.23 |
| Sortino ratio | 0.69 | 1.77 |
| Maximum drawdown | −10.1% (23-10-2026) | −21.7% (23-03-2020) |
| Beta | 0.90 | 0.77 |
| Alpha | −2.11% | +7.48% |
From daily NAVs, 02-12-2025 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.
Bandhan Healthcare Fund (Direct)
DSP Healthcare Fund (Direct)
BSE Healthcare TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Healthcare Fund (Direct) | −10.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −5.1% |
| DSP Healthcare Fund (Direct) | −10.5% | 06-01-2026 | 23-03-2026 | 06-05-2026 | 44 days | −2.8% |
| BSE Healthcare TRI | −9.9% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.8% |
From daily values since 02-12-2025, the first day every fund has.
Bandhan Healthcare vs DSP Healthcare: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Healthcare Fund, August 2026; DSP Healthcare Fund, September 2026
Holdings in common
- Overlap
- 34.6%
- Held by both
- 11
- Only in Bandhan Healthcare
- 24
- Only in DSP Healthcare
- 16
| Security | % of Bandhan Healthcare | % of DSP Healthcare |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 10.48% | 7.44% |
| Cipla Limited | 6.38% | 7.18% |
| Apollo Hospitals Enterprise Limited | 5.64% | 6.07% |
| Divi's Laboratories Limited | 4.28% | 4.17% |
| Gland Pharma Limited | 3.05% | 6.15% |
| Pfizer Limited | 1.84% | 2.72% |
| IPCA Laboratories Limited | 1.49% | 8.13% |
| Thyrocare Technologies Limited | 1.46% | 1.91% |
| Syngene International Limited | 2.42% | 1.35% |
| Sai Life Sciences Limited | 1.10% | 6.52% |
| Eris Lifesciences Limited | 2.35% | 0.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.6% means 34.6% 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 Healthcare Fund
| Security | % of fund |
|---|---|
| Max Healthcare Institute Limited | 5.81% |
| Aurobindo Pharma Limited | 4.14% |
| Lupin Limited | 3.96% |
| Shilpa Medicare Limited | 3.72% |
| GlaxoSmithKline Pharmaceuticals Limited | 3.68% |
Largest holdings only in DSP Healthcare Fund
| Security | % of fund |
|---|---|
| Alkem Laboratories Limited | 4.75% |
| Cohance Lifesciences Limited | 3.79% |
| Alembic Pharmaceuticals Limited | 3.18% |
| Kovai Medical Center And Hospital Limited | 2.83% |
| Concord Biotech Limited | 2.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Healthcare | DSP Healthcare |
|---|---|---|
| Equity | 96.0% | 93.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.0% | 6.7% |
Market cap of stocks
| Market cap | Bandhan Healthcare | DSP Healthcare |
|---|---|---|
| Large Cap | 30.1% | 24.9% |
| Mid Cap | 31.9% | 14.2% |
| Small Cap | 33.9% | 42.7% |
| Foreign stocks | 0.0% | 9.3% |
| Not on AMFI's list | 0.0% | 2.2% |
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 Healthcare | DSP Healthcare |
|---|---|---|
| Pharmaceuticals & Biotechnology | 70.0% | 65.8% |
| Healthcare Services | 25.0% | 17.8% |
| Healthcare Equipment & Supplies | 0.0% | 7.5% |
| Foreign Security | 0.0% | 1.1% |
| Insurance | 0.9% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Healthcare vs DSP Healthcare: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Healthcare Fund | DSP Healthcare Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 0.76% |
| Base expense ratio (Direct) | 0.78% | 0.54% |
| Total expense ratio (Regular) | 2.78% | 2.06% |
| Base expense ratio (Regular) | 2.10% | 1.65% |
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 Healthcare with
Bandhan Healthcare Fund vs DSP Healthcare Fund: Frequently Asked Questions
What is the difference between Bandhan Healthcare Fund and DSP Healthcare Fund?
Bandhan Healthcare Fund is a Sectoral fund, DSP Healthcare Fund is a Sectoral fund, run by Bandhan Mutual Fund and DSP Mutual Fund. Their portfolios overlap 34.6%. Bandhan Healthcare Fund charges 1.25% a year and DSP Healthcare Fund 0.76%.
Which has the lower expense ratio, Bandhan Healthcare Fund or DSP Healthcare Fund?
DSP Healthcare Fund charges less: 0.76% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Healthcare Fund and DSP Healthcare Fund overlap?
34.6%. They hold 11 of the same securities, the largest shared ones being SUNPHARMA, CIPLA, APOLLOHOSP. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Healthcare Fund or DSP Healthcare Fund?
On SEBI's riskometer, Bandhan Healthcare Fund is rated Very High and DSP Healthcare Fund Very High. Over their common history, the standard deviation of daily returns was 12.98% and 14.11% a year.
Can I invest in both Bandhan Healthcare Fund and DSP Healthcare Fund?
Yes. 34.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Healthcare Fund and DSP Healthcare Fund?
Bandhan Healthcare Fund: Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra. DSP Healthcare Fund: Chirag Dagli.
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.