Bandhan Healthcare Fund vs DSP Nifty Healthcare ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Healthcare Fund is a Sectoral fund and DSP Nifty Healthcare ETF is an ETF fund. Bandhan Healthcare Fund charges 1.25% a year and DSP Nifty Healthcare ETF 0.23%. Their portfolios overlap 55.8%: they hold 13 of the same securities.
Which is better, Bandhan Healthcare or DSP Nifty Healthcare ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Nifty Healthcare ETF costs less: 0.23% a year against 1.25%.
- DSP Nifty Healthcare ETF fell less in its worst fall since 02-12-2025: −9.2% against −10.1%.
- DSP Nifty Healthcare ETF holds more in large companies: 47.8% of the fund in large caps against 30.1%.
- Bandhan Healthcare is the larger fund: ₹332 Cr against ₹17 Cr.
- Their portfolios overlap 55.8%: 13 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 Nifty Healthcare ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | DSP Mutual Fund |
| Category | Sectoral | ETF |
| AUM | ₹332 Cr (31-08-2026) | ₹17 Cr (30-09-2026) |
| NAV | ₹10.99 (Direct) | ₹16.61 |
| Expense ratio (Direct) | 1.25% | Not available |
| Expense ratio (Regular) | 2.78% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE Healthcare TRI | NIFTY Healthcare TRI |
| Launch date | 28-11-2025 | 01-02-2024 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra | Anil Ghelani, Diipesh Shah, Neha Rathi |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Nil |
Bandhan Healthcare vs DSP Nifty Healthcare 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 Healthcare Fund (Direct) | −1.17% | −1.35% | +11.81% | -- | -- | -- | -- |
| DSP Nifty Healthcare ETF | +1.91% | −1.53% | +10.45% | +11.24% | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | -- | -- | -- | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
Bandhan Healthcare vs DSP Nifty Healthcare ETF: Year-wise Returns
| Year | Bandhan HealthcareBandhan Healthcare | DSP Nifty Healthcare ETFDSP Nifty Healthcare ETF |
|---|---|---|
| 2026to date | +12.12% | +12.69% |
| 2025 | -- | −1.71% |
Bandhan Healthcare vs DSP Nifty Healthcare ETF: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of Bandhan Healthcare Fund
Bandhan Healthcare vs DSP Nifty Healthcare ETF: 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 Nifty Healthcare ETF |
|---|---|---|
| Return (CAGR) | +11.45% | +14.83% |
| Standard deviation | 12.98% | 14.75% |
| Sharpe ratio | 0.48 | 0.60 |
| Sortino ratio | 0.69 | 0.85 |
| Maximum drawdown | −10.1% (23-10-2026) | −15.7% (28-02-2025) |
| Beta | 0.90 | 1.00 |
| Alpha | −2.11% | −0.26% |
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 Nifty Healthcare ETF
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 Nifty Healthcare ETF | −9.2% | 31-08-2026 | 23-10-2026 | Not yet | -- | −3.0% |
| 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 Nifty Healthcare ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Healthcare Fund, August 2026; DSP Nifty Healthcare ETF, September 2026
Holdings in common
- Overlap
- 55.8%
- Held by both
- 13
- Only in Bandhan Healthcare
- 22
- Only in DSP Nifty Healthcare ETF
- 7
| Security | % of Bandhan Healthcare | % of DSP Nifty Healthcare ETF |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 10.48% | 16.99% |
| Cipla Limited | 6.38% | 6.69% |
| Max Healthcare Institute Limited | 5.81% | 6.11% |
| Apollo Hospitals Enterprise Limited | 5.64% | 7.42% |
| Divi's Laboratories Limited | 4.28% | 10.43% |
| Aurobindo Pharma Limited | 4.14% | 4.08% |
| Lupin Limited | 3.96% | 4.36% |
| Dr. Reddy's Laboratories Limited | 3.48% | 6.64% |
| Torrent Pharmaceuticals Limited | 3.36% | 6.24% |
| Zydus Lifesciences Limited | 2.78% | 2.54% |
| Glenmark Pharmaceuticals Limited | 2.24% | 3.11% |
| Gland Pharma Limited | 3.05% | 2.04% |
| IPCA Laboratories Limited | 1.49% | 2.36% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.8% means 55.8% 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 Healthcare Fund
| Security | % of fund |
|---|---|
| Shilpa Medicare Limited | 3.72% |
| GlaxoSmithKline Pharmaceuticals Limited | 3.68% |
| Narayana Hrudayalaya Limited | 2.59% |
| Global Health Limited | 2.45% |
| Syngene International Limited | 2.42% |
Largest holdings only in DSP Nifty Healthcare ETF
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 6.81% |
| Fortis Healthcare Limited | 3.54% |
| Alkem Laboratories Limited | 2.75% |
| Mankind Pharma Limited | 2.51% |
| Biocon Limited | 2.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Healthcare | DSP Nifty Healthcare ETF |
|---|---|---|
| Equity | 96.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.0% | 0.1% |
Market cap of stocks
| Market cap | Bandhan Healthcare | DSP Nifty Healthcare ETF |
|---|---|---|
| Large Cap | 30.1% | 47.8% |
| Mid Cap | 31.9% | 48.4% |
| Small Cap | 33.9% | 3.8% |
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 Nifty Healthcare ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 70.0% | 81.1% |
| Healthcare Services | 25.0% | 18.8% |
| Insurance | 0.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Healthcare vs DSP Nifty Healthcare ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Healthcare Fund | DSP Nifty Healthcare ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | Not available |
| Base expense ratio (Direct) | 0.78% | 0.17% |
| Total expense ratio (Regular) | 2.78% | Not available |
| Base expense ratio (Regular) | 2.10% | 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 Healthcare Fund vs DSP Nifty Healthcare ETF: Frequently Asked Questions
What is the difference between Bandhan Healthcare Fund and DSP Nifty Healthcare ETF?
Bandhan Healthcare Fund is a Sectoral fund, DSP Nifty Healthcare ETF is an ETF fund, run by Bandhan Mutual Fund and DSP Mutual Fund. Their portfolios overlap 55.8%. Bandhan Healthcare Fund charges 1.25% a year and DSP Nifty Healthcare ETF 0.23%.
Which has the lower expense ratio, Bandhan Healthcare Fund or DSP Nifty Healthcare ETF?
DSP Nifty Healthcare ETF charges less: 0.23% a year against 1.25%. These are the total expense ratios reported to AMFI.
How much do Bandhan Healthcare Fund and DSP Nifty Healthcare ETF overlap?
55.8%. They hold 13 of the same securities, the largest shared ones being SUNPHARMA, CIPLA, MAXHEALTH. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Healthcare Fund or DSP Nifty Healthcare ETF?
On SEBI's riskometer, Bandhan Healthcare Fund is rated Very High and DSP Nifty Healthcare ETF Very High. Over their common history, the standard deviation of daily returns was 12.98% and 14.75% a year.
Can I invest in both Bandhan Healthcare Fund and DSP Nifty Healthcare ETF?
Yes. 55.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Healthcare Fund and DSP Nifty Healthcare ETF?
Bandhan Healthcare Fund: Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra. DSP Nifty Healthcare 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.