Bandhan Infrastructure Fund vs Nippon India ETF Nifty Infrastructure BeES
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Infrastructure Fund is a Sectoral fund and Nippon India ETF Nifty Infrastructure BeES is a mutual fund. In the 3 years to 30-10-2026, Bandhan Infrastructure Fund (Direct) returned 14.3% a year and Nippon India ETF Nifty Infrastructure BeES (Direct) returned 12.8% a year. Bandhan Infrastructure Fund charges 1.07% a year and Nippon India ETF Nifty Infrastructure BeES 0.54% (Direct plans). Their portfolios overlap 34.5%: they hold 15 of the same securities.
Bandhan Infrastructure Fund
Sectoral
- 3 year return
- 14.3%
- Expense ratio
- 1.07%
- NAV
- ₹54.04
Nippon India ETF Nifty Infrastructure BeES
- 3 year return
- 12.8%
- Expense ratio
- 0.54%
- NAV
- ₹910.07
Which is better, Bandhan Infrastructure or Nippon India ETF Nifty Infrastructure BeES? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Infrastructure returned more over 5 years: 14.8% a year against 11.7%.
- Bandhan Infrastructure returned more over 3 years: 14.3% a year against 12.8%.
- Nippon India ETF Nifty Infrastructure BeES costs less: 0.54% a year against 1.07% (Direct plans).
- Nippon India ETF Nifty Infrastructure BeES swung less over 3 years: a standard deviation of 16.8% a year against 19.2%.
- Nippon India ETF Nifty Infrastructure BeES fell less in its worst fall since 07-11-2016: −42.5% against −56.9%.
- Nippon India ETF Nifty Infrastructure BeES holds more in large companies: 88.8% of the fund in large caps against 48.7%.
- Bandhan Infrastructure is the larger fund: ₹1,433 Cr against ₹177 Cr.
- Their portfolios overlap 34.5%: 15 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 Infrastructure Fund | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Nippon India Mutual Fund |
| Category | Sectoral | Not available |
| AUM | ₹1,433 Cr (31-08-2026) | ₹177 Cr (30-09-2026) |
| NAV | ₹54.04 (Direct) | ₹910.07 (Direct) |
| Expense ratio (Direct) | 1.07% | 0.54% |
| Expense ratio (Regular) | 2.28% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE India Infrastructure TRI | Not available |
| Launch date | 08-03-2011 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Vishal Biraia | Not available |
| Exit load | Exit load of 0.5%, if redeemed within 30 days. | Not available |
Bandhan Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: 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 Infrastructure Fund (Direct) | −4.22% | −7.11% | −5.94% | −8.50% | +14.28% | +14.82% | +15.01% |
| Nippon India ETF Nifty Infrastructure BeES (Direct) | +0.70% | −5.87% | −6.26% | −8.21% | +12.79% | +11.74% | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
Category average: the average of the 20 Sectoral funds, same plan type.
Bandhan Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: Year-wise Returns
| Year | Bandhan InfrastructureBandhan Infrastructure | Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| 2026to date | −4.62% | −8.23% |
| 2025 | −5.76% | +13.44% |
| 2024 | +41.04% | +15.53% |
| 2023 | +52.16% | +38.42% |
| 2022 | +2.91% | +6.32% |
| 2021 | +66.89% | +35.78% |
Bandhan Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of Bandhan Infrastructure Fund
Rolling returns
Every 3-year holding period, 1,731 of them, one for each trading day from 07-11-2019 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 Infrastructure Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
BSE India Infrastructure Index TRI
to
May 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Feb 2022
to
Feb 2025Apr 2023
to
Apr 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 Infrastructure | 14.1 | 6.2 | 2.9 | 7.0 | 8.4 | 20.3 | 41.1 | 19.9% | 22.7% | −15.2% | 44.8% | 51% |
| Nippon India ETF Nifty Infrastructure BeES | 10.4 | 4.5 | 7.6 | 8.8 | 27.9 | 26.4 | 14.4 | 16.2% | 18.4% | −10.9% | 34.3% | 38% |
| BSE India Infrastructure Index TRI | 17.6 | 4.5 | 4.5 | 5.9 | 10.0 | 9.9 | 47.7 | 20.4% | 23.8% | −18.3% | 49.6% | -- |
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 India Infrastructure Index 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 07-11-2016. Past returns do not promise future returns.
Bandhan Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: 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 01-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan InfrastructureBandhan Infrastructure Fund (Direct) | ₹12,00,000 | ₹28,13,270 | ₹16,13,270 | 16.3% |
| Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES (Direct) | ₹12,00,000 | ₹23,91,432 | ₹11,91,432 | 13.2% |
Bandhan InfrastructureBandhan Infrastructure Fund (Direct)
Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES (Direct)
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 Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Infrastructure Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | −8.50% | −8.21% |
| Standard deviation | 17.56% | 15.41% |
| Sharpe ratio | -0.78 | -0.87 |
| Sortino ratio | -1.05 | -1.17 |
| Maximum drawdown | −17.3% (31-03-2026) | −12.7% (12-10-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.59% | −0.56% |
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 Infrastructure Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | +14.28% | +12.79% |
| Standard deviation | 19.20% | 16.83% |
| Sharpe ratio | 0.43 | 0.40 |
| Sortino ratio | 0.57 | 0.54 |
| Maximum drawdown | −28.8% (03-03-2025) | −20.9% (28-02-2025) |
| Beta | 0.76 | 1.00 |
| Alpha | +1.69% | −1.04% |
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 Infrastructure Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | +14.82% | +11.74% |
| Standard deviation | 18.24% | 16.31% |
| Sharpe ratio | 0.49 | 0.36 |
| Sortino ratio | 0.66 | 0.49 |
| Maximum drawdown | −28.8% (03-03-2025) | −20.9% (28-02-2025) |
| Beta | 0.76 | 1.00 |
| Alpha | +0.45% | −1.10% |
From daily NAVs, 29-10-2021 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 Infrastructure Fund (Direct) | Nippon India ETF Nifty Infrastructure BeES (Direct) |
|---|---|---|
| Return (CAGR) | +13.92% | +12.47% |
| Standard deviation | 18.87% | 17.89% |
| Sharpe ratio | 0.42 | 0.40 |
| Sortino ratio | 0.56 | 0.54 |
| Maximum drawdown | −56.9% (24-03-2020) | −42.5% (23-03-2020) |
| Beta | 0.79 | 1.00 |
| Alpha | +2.08% | −1.26% |
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 Infrastructure Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
BSE India Infrastructure Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Infrastructure Fund (Direct) | −56.9% | 08-01-2018 | 24-03-2020 | 21-05-2021 | 14 months | −18.6% |
| Nippon India ETF Nifty Infrastructure BeES (Direct) | −42.5% | 05-01-2018 | 23-03-2020 | 16-12-2020 | 9 months | −9.6% |
| BSE India Infrastructure Index TRI | −55.9% | 08-01-2018 | 23-03-2020 | 04-03-2021 | 11 months | −25.7% |
From daily values since 07-11-2016, 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 Infrastructure Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
BSE India Infrastructure Index 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 Infrastructure Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
BSE India Infrastructure Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Infrastructure Fund (Direct)
Nippon India ETF Nifty Infrastructure BeES (Direct)
BSE India Infrastructure Index TRI
Against BSE India Infrastructure Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Infrastructure Fund (Direct) | 91% | 80% | 10.31% |
| Nippon India ETF Nifty Infrastructure BeES (Direct) | 74% | 66% | 11.10% |
From month-end values since 07-11-2016. 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 Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Infrastructure Fund, August 2026; Nippon India ETF Nifty Infrastructure BeES, September 2026
Holdings in common
- Overlap
- 34.5%
- Held by both
- 15
- Only in Bandhan Infrastructure
- 52
- Only in Nippon India ETF Nifty Infrastructure BeES
- 15
| Security | % of Bandhan Infrastructure | % of Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Larsen & Toubro Limited | 6.15% | 11.92% |
| Reliance Industries Limited | 4.81% | 19.82% |
| Bharti Airtel Limited | 3.80% | 14.47% |
| UltraTech Cement Limited | 3.88% | 3.51% |
| Adani Ports and Special Economic Zone Limited | 3.41% | 3.82% |
| NTPC Limited | 3.36% | 4.15% |
| InterGlobe Aviation Limited | 3.96% | 3.05% |
| Tata Power Company Limited | 1.36% | 1.63% |
| GAIL (India) Limited | 1.28% | 1.25% |
| CG Power and Industrial Solutions Limited | 1.11% | 1.59% |
| Fortis Healthcare Limited | 2.09% | 1.09% |
| Adani Power Limited | 0.81% | 2.30% |
| Cummins India Limited | 0.48% | 1.74% |
| Power Grid Corporation of India Limited | 0.20% | 3.19% |
| GE Vernova T&D India Limited | 0.15% | 1.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.5% means 34.5% 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 Infrastructure Fund
| Security | % of fund |
|---|---|
| Kirloskar Brothers Limited | 5.06% |
| Bharat Electronics Limited | 3.79% |
| GPT Infraprojects Limited | 3.66% |
| Azad Engineering Ltd | 3.32% |
| Adani Energy Solutions Limited | 3.08% |
Largest holdings only in Nippon India ETF Nifty Infrastructure BeES
| Security | % of fund |
|---|---|
| Grasim Industries Limited | 3.13% |
| Oil & Natural Gas Corporation Limited | 2.37% |
| Apollo Hospitals Enterprise Limited | 2.28% |
| Samvardhana Motherson International Limited | 1.95% |
| Max Healthcare Institute Limited | 1.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Infrastructure | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Equity | 98.3% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.7% | 0.2% |
Market cap of stocks
| Market cap | Bandhan Infrastructure | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Large Cap | 48.7% | 88.8% |
| Mid Cap | 9.4% | 11.0% |
| Small Cap | 40.1% | 0.0% |
| Not on AMFI's list | 0.1% | 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 Infrastructure | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Petroleum Products | 4.8% | 23.8% |
| Construction | 18.6% | 11.9% |
| Telecom - Services | 4.6% | 15.8% |
| Power | 14.8% | 12.4% |
| Industrial Products | 9.2% | 1.7% |
| Electrical Equipment | 7.3% | 4.3% |
| Cement & Cement Products | 4.5% | 6.6% |
| Aerospace & Defense | 6.2% | 0.0% |
| Transport Services | 5.9% | 3.0% |
| Healthcare Services | 2.6% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Infrastructure vs Nippon India ETF Nifty Infrastructure BeES: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Infrastructure Fund | Nippon India ETF Nifty Infrastructure BeES |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 0.54% |
| Base expense ratio (Direct) | 0.81% | 0.43% |
| Total expense ratio (Regular) | 2.28% | Not available |
| Base expense ratio (Regular) | 1.85% | 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 Infrastructure Fund vs Nippon India ETF Nifty Infrastructure BeES: Frequently Asked Questions
What is the difference between Bandhan Infrastructure Fund and Nippon India ETF Nifty Infrastructure BeES?
Bandhan Infrastructure Fund is a Sectoral fund, Nippon India ETF Nifty Infrastructure BeES is a mutual fund, run by Bandhan Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 34.5%. Bandhan Infrastructure Fund charges 1.07% a year and Nippon India ETF Nifty Infrastructure BeES 0.54%.
Which has given higher returns, Bandhan Infrastructure Fund or Nippon India ETF Nifty Infrastructure BeES?
Over 1 year: Bandhan Infrastructure Fund −8.50%, Nippon India ETF Nifty Infrastructure BeES −8.21%. Over 3 years: Bandhan Infrastructure Fund +14.28% a year, Nippon India ETF Nifty Infrastructure BeES +12.79% a year. Over 5 years: Bandhan Infrastructure Fund +14.82% a year, Nippon India ETF Nifty Infrastructure BeES +11.74% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Infrastructure Fund or Nippon India ETF Nifty Infrastructure BeES?
Nippon India ETF Nifty Infrastructure BeES charges less: 0.54% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Infrastructure Fund and Nippon India ETF Nifty Infrastructure BeES overlap?
34.5%. They hold 15 of the same securities, the largest shared ones being LT, RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Which is better for SIP, Bandhan Infrastructure Fund or Nippon India ETF Nifty Infrastructure BeES?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,33,724 in Bandhan Infrastructure Fund (XIRR 12.3% a year) and ₹7,86,116 in Nippon India ETF Nifty Infrastructure BeES (XIRR 9.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Infrastructure Fund and Nippon India ETF Nifty Infrastructure BeES?
Yes. 34.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.