Bandhan Healthcare Fund vs Motilal Oswal BSE 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 Motilal Oswal BSE Healthcare ETF is an ETF fund. Bandhan Healthcare Fund charges 1.25% a year and Motilal Oswal BSE Healthcare ETF 0.36%. Their portfolios overlap 58.5%: they hold 34 of the same securities.
Which is better, Bandhan Healthcare or Motilal Oswal BSE 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.
- Motilal Oswal BSE Healthcare ETF costs less: 0.36% a year against 1.25%.
- Motilal Oswal BSE Healthcare ETF fell less in its worst fall since 02-12-2025: −10.0% against −10.1%.
- Bandhan Healthcare is the larger fund: ₹332 Cr against ₹44 Cr.
- Their portfolios overlap 58.5%: 34 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 | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Sectoral | ETF |
| AUM | ₹332 Cr (31-08-2026) | ₹44 Cr (30-09-2026) |
| NAV | ₹10.99 (Direct) | ₹50.91 |
| Expense ratio (Direct) | 1.25% | Not available |
| Expense ratio (Regular) | 2.78% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE Healthcare TRI | BSE Healthcare TRI |
| Launch date | 28-11-2025 | 29-07-2022 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra | Swapnil Mayekar, Rakesh Shetty |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Nil |
Bandhan Healthcare vs Motilal Oswal BSE 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% | -- | -- | -- | -- |
| Motilal Oswal BSE Healthcare ETF | +0.22% | −1.05% | +12.72% | +12.16% | +22.69% | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | -- | -- | -- | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
Bandhan Healthcare vs Motilal Oswal BSE Healthcare ETF: Year-wise Returns
| Year | Bandhan HealthcareBandhan Healthcare | Motilal Oswal BSE Healthcare ETFMotilal Oswal BSE Healthcare ETF | BSE Healthcare TRI |
|---|---|---|---|
| 2026to date | +12.12% | +14.90% | +15.08% |
| 2025 | -- | −2.93% | −2.72% |
| 2024 | -- | +43.80% | +44.30% |
| 2023 | -- | +37.59% | +37.97% |
Bandhan Healthcare vs Motilal Oswal BSE Healthcare ETF: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of both
Bandhan Healthcare vs Motilal Oswal BSE 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) | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Return (CAGR) | +11.45% | +20.31% |
| Standard deviation | 12.98% | 13.22% |
| Sharpe ratio | 0.48 | 1.07 |
| Sortino ratio | 0.69 | 1.54 |
| Maximum drawdown | −10.1% (23-10-2026) | −16.1% (28-02-2025) |
| Beta | 0.90 | 1.00 |
| Alpha | −2.11% | −0.29% |
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)
Motilal Oswal BSE 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% |
| Motilal Oswal BSE Healthcare ETF | −10.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.8% |
| 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 Motilal Oswal BSE Healthcare ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Healthcare Fund, August 2026; Motilal Oswal BSE Healthcare ETF, September 2026
Holdings in common
- Overlap
- 58.5%
- Held by both
- 34
- Only in Bandhan Healthcare
- 1
- Only in Motilal Oswal BSE Healthcare ETF
- 103
| Security | % of Bandhan Healthcare | % of Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 10.48% | 12.33% |
| Apollo Hospitals Enterprise Limited | 5.64% | 5.21% |
| Cipla Limited | 6.38% | 4.79% |
| Max Healthcare Institute Limited | 5.81% | 4.32% |
| Divi's Laboratories Limited | 4.28% | 7.42% |
| Dr. Reddy's Laboratories Limited | 3.48% | 4.73% |
| Torrent Pharmaceuticals Limited | 3.36% | 3.55% |
| Lupin Limited | 3.96% | 3.11% |
| Aurobindo Pharma Limited | 4.14% | 2.89% |
| Glenmark Pharmaceuticals Limited | 2.24% | 2.17% |
| Zydus Lifesciences Limited | 2.78% | 1.82% |
| IPCA Laboratories Limited | 1.49% | 1.69% |
| Gland Pharma Limited | 3.05% | 1.44% |
| Sai Life Sciences Limited | 1.10% | 1.30% |
| Ajanta Pharma Limited | 1.74% | 1.02% |
| Dr. Lal Path Labs Limited | 0.88% | 0.96% |
| Narayana Hrudayalaya Limited | 2.59% | 0.78% |
| Shilpa Medicare Limited | 3.72% | 0.77% |
| Global Health Limited | 2.45% | 0.76% |
| GlaxoSmithKline Pharmaceuticals Limited | 3.68% | 0.71% |
| Jubilant Pharmova Limited | 1.46% | 0.51% |
| Syngene International Limited | 2.42% | 0.43% |
| Rainbow Childrens Medicare Limited | 2.13% | 0.42% |
| Eris Lifesciences Limited | 2.35% | 0.38% |
| Pfizer Limited | 1.84% | 0.37% |
| Alivus Life Sciences Limited | 1.36% | 0.27% |
| AstraZeneca Pharma India Limited | 1.26% | 0.24% |
| Viyash Scientific Limited | 0.85% | 0.23% |
| Healthcare Global Enterprises Limited | 1.66% | 0.22% |
| Thyrocare Technologies Limited | 1.46% | 0.21% |
| Sanofi India Limited | 1.51% | 0.17% |
| Orchid Pharma Limited | 1.08% | 0.10% |
| Novartis India Limited | 1.50% | 0.09% |
| Sai Parenterals Limited | 0.95% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.5% means 58.5% 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 |
|---|---|
| Medi Assist Healthcare Services Limited | 0.89% |
Largest holdings only in Motilal Oswal BSE Healthcare ETF
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 4.84% |
| Fortis Healthcare Limited | 2.51% |
| Alkem Laboratories Limited | 1.89% |
| Mankind Pharma Limited | 1.75% |
| Biocon Limited | 1.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Healthcare | Motilal Oswal BSE 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 | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Large Cap | 30.1% | 33.3% |
| Mid Cap | 31.9% | 38.5% |
| Small Cap | 33.9% | 27.8% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 70.0% | 78.0% |
| Healthcare Services | 25.0% | 21.4% |
| Insurance | 0.9% | 0.0% |
| Healthcare Equipment & Supplies | 0.0% | 0.5% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Healthcare vs Motilal Oswal BSE Healthcare ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Healthcare Fund | Motilal Oswal BSE Healthcare ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | Not available |
| Base expense ratio (Direct) | 0.78% | 0.00% |
| Total expense ratio (Regular) | 2.78% | Not available |
| Base expense ratio (Regular) | 2.10% | 0.21% |
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 Motilal Oswal BSE Healthcare ETF: Frequently Asked Questions
What is the difference between Bandhan Healthcare Fund and Motilal Oswal BSE Healthcare ETF?
Bandhan Healthcare Fund is a Sectoral fund, Motilal Oswal BSE Healthcare ETF is an ETF fund, run by Bandhan Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 58.5%. Bandhan Healthcare Fund charges 1.25% a year and Motilal Oswal BSE Healthcare ETF 0.36%.
Which has the lower expense ratio, Bandhan Healthcare Fund or Motilal Oswal BSE Healthcare ETF?
Motilal Oswal BSE Healthcare ETF charges less: 0.36% a year against 1.25%. These are the total expense ratios reported to AMFI.
How much do Bandhan Healthcare Fund and Motilal Oswal BSE Healthcare ETF overlap?
58.5%. They hold 34 of the same securities, the largest shared ones being SUNPHARMA, APOLLOHOSP, CIPLA. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Healthcare Fund or Motilal Oswal BSE Healthcare ETF?
On SEBI's riskometer, Bandhan Healthcare Fund is rated Very High and Motilal Oswal BSE Healthcare ETF Very High. Over their common history, the standard deviation of daily returns was 12.98% and 13.22% a year.
Can I invest in both Bandhan Healthcare Fund and Motilal Oswal BSE Healthcare ETF?
Yes. 58.5% 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 Motilal Oswal BSE Healthcare ETF?
Bandhan Healthcare Fund: Viraj Kulkarni, Brijesh Shah, Ritika Behera, Gaurav Satra. Motilal Oswal BSE Healthcare ETF: Swapnil Mayekar, Rakesh Shetty.
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.