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    Bandhan Large & Mid Cap Fund vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Bandhan Large & Mid Cap Fund is a Large & Mid Cap fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Bandhan Large & Mid Cap Fund (Direct) returned −3.8% and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Bandhan Large & Mid Cap Fund charges 1.14% a year and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 0.36% (Direct plans). Their portfolios overlap 42.6%: they hold 83 of the same securities.

    Bandhan Large & Mid Cap Fund

    Large & Mid Cap

    1 year return
    −3.8%
    Expense ratio
    1.14%
    NAV
    ₹157.08
    See Bandhan Large & Mid Cap Fund

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Index

    1 year return
    −6.2%
    Expense ratio
    0.36%
    NAV
    ₹13.49
    See Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Which is better, Bandhan Large & Mid Cap or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Bandhan Large & Mid Cap returned more over 1 year: −3.8% against −6.2%.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index costs less: 0.36% a year against 1.14% (Direct plans).
    • Bandhan Large & Mid Cap fell less in its worst fall since 10-11-2023: −17.9% against −18.7%.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index holds more in large companies: 52.0% of the fund in large caps against 36.7%.
    • Bandhan Large & Mid Cap is the larger fund: ₹21,021 Cr against ₹280 Cr.
    • Their portfolios overlap 42.6%: 83 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

    FactBandhan Large & Mid Cap FundZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
    Fund houseBandhan Mutual FundZerodha Mutual Fund
    CategoryLarge & Mid CapIndex
    AUM₹21,021 Cr (31-08-2026)₹280 Cr (30-09-2026)
    NAV₹157.08 (Direct)₹13.49 (Direct)
    Expense ratio (Direct)1.14%0.36%
    Expense ratio (Regular)2.27%Not available
    RiskometerVery HighVery High
    BenchmarkNifty LargeMidcap 250 TRINifty LargeMidcap 250 TRI
    Launch date09-08-200508-11-2023
    Minimum investment₹1,000₹500
    Lock inNoneNone
    Fund managersManish Gunwani, Rahul Agarwal, Ritika Behera, Gaurav SatraKedarnath Mirajkar
    Exit loadExit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.Nil

    Bandhan Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Bandhan Large & Mid Cap Fund (Direct)−2.24%−4.87%−2.79%−3.83%+16.65%+15.00%+15.28%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)−1.30%−6.82%−3.24%−6.16%------
    Large & Mid Cap average−1.78%−5.20%−0.43%−3.99%+13.28%+11.36%+13.62%

    Category average: the average of the 36 Large & Mid Cap funds, same plan type.

    Bandhan Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Year-wise Returns

    YearBandhan Large & Mid CapBandhan Large & Mid CapZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexNIFTY LargeMidcap 250 TRI
    2026to date−4.07%−6.81%−7.09%
    2025+8.76%+8.44%+8.19%
    2024+30.30%+18.59%+18.68%
    2023+37.83%--+32.66%
    2022+8.22%--+4.48%
    2021+35.70%--+37.04%

    Bandhan Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Rolling Returns

    Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of both

    Rolling returns

    Every 1-year holding period, 492 of them, one for each trading day from 11-11-2024 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.

    −10%0%10%20%30%40%50%
    Jan 2024
    to
    Jan 2025
    May 2024
    to
    May 2025
    Sept 2024
    to
    Sept 2025
    Jan 2025
    to
    Jan 2026
    May 2025
    to
    May 2026
    Sept 2025
    to
    Sept 2026
    Bandhan Large & Mid Cap Fund (Direct)Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)NIFTY LargeMidcap 250 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Bandhan Large & Mid Cap6.918.533.723.47.71.28.510.6%8.7%−4.9%45.5%100%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index13.832.229.113.44.71.94.97.0%5.8%−7.7%33.4%88%
    NIFTY LargeMidcap 250 TRI15.730.930.711.04.72.05.16.8%5.6%−8.0%33.7%--

    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 NIFTY LargeMidcap 250 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 10-11-2023. Past returns do not promise future returns.

    Bandhan Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Bandhan Large & Mid CapBandhan Large & Mid Cap Fund (Direct) ₹3,60,000 ₹3,89,738 ₹29,738 5.2%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct) ₹3,60,000 ₹3,70,310 ₹10,310 1.8%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L
    202420252026
    Bandhan Large & Mid CapBandhan Large & Mid Cap Fund (Direct)Zerodha ELSS Tax Saver Nifty LargeMidcap 250 IndexZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (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 Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureBandhan Large & Mid Cap Fund (Direct)Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)
    Return (CAGR)−3.83%−6.16%
    Standard deviation13.92%14.85%
    Sharpe ratio-0.65-0.77
    Sortino ratio-0.87-1.02
    Maximum drawdown−12.8% (30-03-2026)−14.3% (30-03-2026)
    Beta0.921.00
    Alpha+1.72%+0.31%

    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.

    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.

    −20%−15%−10%−5%0%
    202420252026
    Bandhan Large & Mid Cap Fund (Direct)Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)NIFTY LargeMidcap 250 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Bandhan Large & Mid Cap Fund (Direct)−17.9%26-09-202428-02-202520-10-20258 months−6.8%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)−18.7%26-09-202428-02-202517-11-20259 months−8.6%
    NIFTY LargeMidcap 250 TRI−18.8%26-09-202428-02-202517-11-20259 months−8.6%

    From daily values since 10-11-2023, 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.

    0%5%10%15%20%
    20252026
    Bandhan Large & Mid Cap Fund (Direct)Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)NIFTY LargeMidcap 250 TRI

    Against NIFTY LargeMidcap 250 TRI

    FundUp captureDown captureTracking error
    Bandhan Large & Mid Cap Fund (Direct)110%90%3.52%
    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Direct)100%100%0.09%

    From month-end values since 10-11-2023. 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 Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Portfolio Overlap

    From each fund's latest monthly portfolio: Bandhan Large & Mid Cap Fund, August 2026; Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, September 2026

    Holdings in common

    Overlap
    42.6%
    Held by both
    83
    Only in Bandhan Large & Mid Cap
    46
    Only in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    167
    Security% of Bandhan Large & Mid Cap% of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    HDFC Bank Limited3.78%4.22%
    ICICI Bank Limited3.18%3.68%
    State Bank of India1.82%1.54%
    Axis Bank Limited2.43%1.37%
    Bharti Airtel Limited1.37%2.08%
    Infosys Limited1.84%1.36%
    Kotak Mahindra Bank Limited2.55%1.19%
    Multi Commodity Exchange of India Limited1.88%1.04%
    Reliance Industries Limited0.93%3.08%
    Eternal Limited1.72%0.90%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.6% means 42.6% 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 Large & Mid Cap Fund

    Security% of fund
    Poonawalla Fincorp Limited1.06%
    Cholamandalam Financial Holdings Limited1.04%
    Crompton Greaves Consumer Electricals Limited1.01%
    3M India Limited0.97%
    KFin Technologies Limited0.71%

    Largest holdings only in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Security% of fund
    Mahindra & Mahindra Limited1.02%
    Bajaj Finance Limited1.02%
    The Federal Bank Limited0.97%
    Laurus Labs Limited0.95%
    Hero MotoCorp Limited0.84%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetBandhan Large & Mid CapZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    Equity95.4%99.6%
    Debt0.2%0.0%
    Cash and others4.4%0.4%

    Market cap of stocks

    Market capBandhan Large & Mid CapZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    Large Cap36.7%52.0%
    Mid Cap39.4%46.3%
    Small Cap19.2%1.3%
    Not on AMFI's list0.1%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

    SectorBandhan Large & Mid CapZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index
    Banks17.2%16.9%
    Pharmaceuticals & Biotechnology10.0%6.7%
    Finance8.5%6.5%
    Insurance6.3%2.5%
    IT - Software4.9%5.6%
    Retailing4.7%4.3%
    Automobiles0.9%4.0%

    The six largest sectors of each fund's stocks, % of the fund.

    Bandhan Large & Mid Cap vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeBandhan Large & Mid Cap FundZerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
    Total expense ratio (Direct)1.14%0.36%
    Base expense ratio (Direct)0.45%0.25%
    Total expense ratio (Regular)2.27%Not available
    Base expense ratio (Regular)1.41%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 Large & Mid Cap Fund vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions

    What is the difference between Bandhan Large & Mid Cap Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Bandhan Large & Mid Cap Fund is a Large & Mid Cap fund, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an Index fund, run by Bandhan Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 42.6%. Bandhan Large & Mid Cap Fund charges 1.14% a year and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund 0.36%.

    Which has given higher returns, Bandhan Large & Mid Cap Fund or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Over 1 year: Bandhan Large & Mid Cap Fund −3.83%, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund −6.16%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Bandhan Large & Mid Cap Fund or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund charges less: 0.36% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Bandhan Large & Mid Cap Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund overlap?

    42.6%. They hold 83 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.

    Which is riskier, Bandhan Large & Mid Cap Fund or Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    On SEBI's riskometer, Bandhan Large & Mid Cap Fund is rated Very High and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.92% and 14.85% a year.

    Can I invest in both Bandhan Large & Mid Cap Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Yes. 42.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Bandhan Large & Mid Cap Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?

    Bandhan Large & Mid Cap Fund: Manish Gunwani, Rahul Agarwal, Ritika Behera, Gaurav Satra. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 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.

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