Bandhan Multi Asset Allocation Fund vs UTI Nifty 500 Exchange Traded Fund

Direct Plan where a fund has one, Growth option · Data as on 29-10-2026

Bandhan Multi Asset Allocation Fund is a Multi Asset fund and UTI Nifty 500 Exchange Traded Fund is an Index fund. Bandhan Multi Asset Allocation Fund charges 0.84% a year and UTI Nifty 500 Exchange Traded Fund 1.30%. Their portfolios overlap 40.2%: they hold 104 of the same securities.

Bandhan Multi Asset Allocation Fund

Multi Asset

Expense ratio: 0.84%
NAV: ₹14.14

See Bandhan Multi Asset Allocation Fund

UTI Nifty 500 Exchange Traded Fund

Index

Expense ratio: 1.30%
NAV: ₹35.24

See UTI Nifty 500 Exchange Traded Fund

Which is better, Bandhan Multi Asset Allocation or UTI Nifty 500 Exchange Traded? Key differences

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

Bandhan Multi Asset Allocation costs less: 0.84% a year against 1.30%.
Bandhan Multi Asset Allocation fell less in its worst fall since 27-08-2026: −6.6% against −8.9%.
UTI Nifty 500 Exchange Traded holds more in large companies: 67.1% of the fund in large caps against 39.6%.
Bandhan Multi Asset Allocation is the larger fund: ₹3,745 Cr against ₹7 Cr.
Their portfolios overlap 40.2%: 104 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Bandhan Multi Asset Allocation Fund (Direct)
−5.8%
UTI Nifty 500 Exchange Traded Fund
−6.5%

Change in NAV from 27-08-2026 to 29-10-2026

−8%−6%−4%−2%0%+2%

Key facts

From each fund's scheme summary document and AMFI

Fact	Bandhan Multi Asset Allocation Fund	UTI Nifty 500 Exchange Traded Fund
Fund house	Bandhan Mutual Fund	UTI Mutual Fund
Category	Multi Asset	Index
AUM	₹3,745 Cr (31-08-2026)	₹7 Cr (30-09-2026)
NAV	₹14.14 (Direct)	₹35.24
Expense ratio (Direct)	0.84%	Not available
Expense ratio (Regular)	2.16%	Not available
Riskometer	Very High	Very High
Benchmark	65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver	Nifty 500 TRI
Launch date	31-01-2024	25-08-2026
Minimum investment	₹1,000	₹5,000
Lock in	None	None
Fund managers	Viraj Kulkarni, Daylynn Pinto, Kapil Kankonkar, Gautam Kaul, Brijesh Shah, Ritika Behera, Gaurav Satra	Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
Exit load	Exit Load for units in excess of 10% of the investment,0.5% will be charged for redemption within 1 year.	Nil

Bandhan Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: 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 Multi Asset Allocation Fund (Direct)	−2.01%	−3.66%	−1.20%	+5.01%	--	--	--
UTI Nifty 500 Exchange Traded Fund	−0.77%	--	--	--	--	--	--
Multi Asset average	−1.71%	−3.33%	−1.78%	+2.00%	--	--	--

Category average: the average of the 37 Multi Asset funds, same plan type.

Bandhan Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Year-wise Returns

Year	Bandhan Multi Asset AllocationBandhan Multi Asset Allocation	UTI Nifty 500 Exchange TradedUTI Nifty 500 Exchange Traded
2026to date	+0.67%	--
2025	+20.98%	--

Bandhan Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Rolling Returns

Every holding period of both funds, against Nifty 500 TRI, the benchmark of UTI Nifty 500 Exchange Traded Fund

Bandhan Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Risk and Drawdowns

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

Risk and return

Measure	Bandhan Multi Asset Allocation Fund (Direct)	UTI Nifty 500 Exchange Traded Fund
Return (CAGR)	+13.42%	−32.67%
Standard deviation	9.15%	12.77%
Sharpe ratio	0.82	-2.97
Sortino ratio	1.13	-3.43
Maximum drawdown	−10.0% (23-03-2026)	−8.9% (23-10-2026)
Beta	--	1.00
Alpha	--	−0.09%

From daily NAVs, 01-02-2024 to 29-10-2026. 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.

−10%−8%−6%−4%−2%0%

Bandhan Multi Asset Allocation Fund (Direct)UTI Nifty 500 Exchange Traded FundNifty 500 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Bandhan Multi Asset Allocation Fund (Direct)	−6.6%	28-08-2026	23-10-2026	Not yet	--	−6.1%
UTI Nifty 500 Exchange Traded Fund	−8.9%	28-08-2026	23-10-2026	Not yet	--	−6.9%
Nifty 500 TRI	−8.9%	28-08-2026	23-10-2026	Not yet	--	−6.9%

From daily values since 27-08-2026, the first day every fund has.

Bandhan Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Portfolio Overlap

From each fund's latest monthly portfolio: Bandhan Multi Asset Allocation Fund, August 2026; UTI Nifty 500 Exchange Traded Fund, September 2026

Holdings in common

Overlap: 40.2%
Held by both: 104
Only in Bandhan Multi Asset Allocation: 34
Only in UTI Nifty 500 Exchange Traded: 395

Security	% of Bandhan Multi Asset Allocation	% of UTI Nifty 500 Exchange Traded
HDFC Bank Limited	4.20%	5.65%
Reliance Industries Limited	3.76%	4.13%
ICICI Bank Limited	3.02%	4.93%
Axis Bank Limited	2.25%	1.83%
Bharti Airtel Limited	1.80%	2.78%
Kotak Mahindra Bank Limited	2.33%	1.60%
Larsen & Toubro Limited	1.47%	2.29%
Bajaj Finance Limited	1.32%	1.36%
Infosys Limited	1.21%	1.83%
ITC Limited	1.03%	1.32%
Tata Consultancy Services Limited	0.96%	1.09%
Mahindra & Mahindra Limited	0.86%	1.37%
Maruti Suzuki India Limited	2.10%	0.81%
NTPC Limited	0.75%	0.80%
Eternal Limited	0.72%	1.21%
Titan Company Limited	0.68%	0.99%
Coal India Limited	0.70%	0.53%
Bajaj Finserv Limited	1.24%	0.52%
Sun Pharmaceutical Industries Limited	0.45%	1.00%
Cipla Limited	0.82%	0.39%
Dr. Reddy's Laboratories Limited	0.42%	0.39%
Shriram Finance Limited	0.39%	0.72%
Jio Financial Services Limited	0.41%	0.37%
Max Healthcare Institute Limited	0.42%	0.36%
Power Grid Corporation of India Limited	0.36%	0.61%
Hero MotoCorp Limited	0.73%	0.35%
Tata Steel Limited	0.35%	0.80%
Avenue Supermarts Limited	0.36%	0.32%
Vedanta Aluminium Metal Limited	0.32%	0.36%
Varun Beverages Limited	0.43%	0.31%
Tata Power Company Limited	0.35%	0.31%
HDFC Life Insurance Company Limited	0.58%	0.29%
Life Insurance Corporation Of India	0.56%	0.26%
Info Edge (India) Limited	0.67%	0.25%
Oil & Natural Gas Corporation Limited	0.25%	0.46%
Aurobindo Pharma Limited	0.46%	0.24%
Tata Motors Passenger Vehicles Limited	0.24%	0.31%
Bharat Electronics Limited	0.24%	0.72%
Lupin Limited	0.23%	0.26%
Bank of Baroda	0.98%	0.22%
Jindal Steel Limited	0.41%	0.22%
APL Apollo Tubes Limited	0.53%	0.21%
IndusInd Bank Limited	0.21%	0.31%
ICICI Lombard General Insurance Company Limited	0.63%	0.20%
PB Fintech Limited	0.60%	0.20%
Swiggy Limited	0.53%	0.20%
Max Financial Services Limited	0.23%	0.19%
Trent Limited	0.19%	0.45%
JSW Steel Limited	0.18%	0.63%
MRF Limited	0.18%	0.18%
REC Limited	0.17%	0.19%
Shree Cement Limited	0.50%	0.16%
Hindalco Industries Limited	0.16%	0.71%
United Spirits Limited	0.16%	0.21%
Hyundai Motor India Ltd	0.59%	0.15%
Muthoot Finance Limited	0.16%	0.15%
NMDC Limited	1.27%	0.14%
Sterlite Technologies Limited	0.83%	0.14%
NHPC Limited	0.35%	0.14%
Oil India Limited	0.55%	0.13%
Havells India Limited	0.33%	0.13%
Tube Investments of India Limited	0.30%	0.13%
Dabur India Limited	0.51%	0.12%
Hindustan Aeronautics Limited	0.12%	0.46%
Steel Authority of India Limited	0.12%	0.14%
PNB Housing Finance Limited	0.45%	0.11%
Petronet LNG Limited	0.32%	0.11%
Coromandel International Limited	0.10%	0.11%
ICICI Prudential Life Insurance Company Limited	0.62%	0.09%
CG Power and Industrial Solutions Limited	0.09%	0.31%
Poonawalla Fincorp Limited	0.68%	0.08%
Ajanta Pharma Limited	0.35%	0.08%
The Great Eastern Shipping Company Limited	0.24%	0.08%
Dr. Lal Path Labs Limited	0.21%	0.08%
Container Corporation of India Limited	0.17%	0.08%
Cholamandalam Financial Holdings Limited	0.81%	0.07%
Dalmia Bharat Limited	0.31%	0.07%
Berger Paints (I) Limited	0.23%	0.07%
Crompton Greaves Consumer Electricals Limited	0.13%	0.07%
SBI Life Insurance Company Limited	0.07%	0.40%
GlaxoSmithKline Pharmaceuticals Limited	0.57%	0.06%
Brigade Enterprises Limited	0.35%	0.06%
AWL Agri Business Limited	0.44%	0.05%
Atul Limited	0.23%	0.05%
Tata Chemicals Limited	0.22%	0.05%
Motherson Sumi Wiring India Limited	0.16%	0.05%
DLF Limited	0.05%	0.23%
Emami Limited	0.53%	0.04%
Aptus Value Housing Finance India Limited	0.33%	0.04%
Syngene International Limited	0.32%	0.04%
United Breweries Limited	0.31%	0.04%
Whirlpool of India Limited	0.21%	0.04%
Blue Star Limited	0.04%	0.10%
Global Health Limited	0.04%	0.06%
TBO Tek Limited	0.33%	0.03%
Can Fin Homes Limited	0.27%	0.03%
KEC International Limited	0.24%	0.03%
Mahanagar Gas Limited	0.23%	0.03%
Rainbow Childrens Medicare Limited	0.23%	0.03%
Punjab National Bank	0.03%	0.20%
UTI Asset Management Company Limited	0.47%	0.02%
TVS Motor Company Limited	0.02%	0.50%
RHI Magnesita India Limited	0.30%	0.01%
Indian Oil Corporation Limited	0.01%	0.26%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.2% means 40.2% 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 Multi Asset Allocation Fund

Security	% of fund
ICICI Prudential Gold ETF	6.68%
ICICI Prudential Silver ETF	4.46%
Bandhan Silver ETF	2.27%
Bandhan Ultra Short to Short Term Fund-DR GR	2.02%
7.53% National Bank For Agriculture and Rural Development	2.00%

Largest holdings only in UTI Nifty 500 Exchange Traded Fund

Security	% of fund
EQ - STATE BANK OF INDIA	2.06%
EQ - HINDUSTAN UNILEVER LTD	0.87%
EQ - ADANI PORTS AND SPECIAL ECONO	0.73%
EQ - ULTRATECH CEMENT LTD.	0.67%
EQ - HCL TECHNOLOGIES LTD.	0.67%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Bandhan Multi Asset Allocation	UTI Nifty 500 Exchange Traded
Equity	66.3%	99.6%
Debt	6.3%	0.0%
Cash and others	27.4%	0.4%

Market cap of stocks

Market cap	Bandhan Multi Asset Allocation	UTI Nifty 500 Exchange Traded
Large Cap	39.6%	67.1%
Mid Cap	13.8%	20.9%
Small Cap	12.9%	11.6%
Not on AMFI's list	0.0%	0.1%

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 Multi Asset Allocation	UTI Nifty 500 Exchange Traded
Banks	13.5%	19.3%
Finance	6.6%	6.5%
Pharmaceuticals & Biotechnology	3.7%	5.7%
IT - Software	2.2%	5.6%
Petroleum Products	3.8%	5.0%
Automobiles	4.5%	4.9%
Retailing	3.4%	3.3%

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

Bandhan Multi Asset Allocation vs UTI Nifty 500 Exchange Traded: Expense Ratio

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

Charge	Bandhan Multi Asset Allocation Fund	UTI Nifty 500 Exchange Traded Fund
Total expense ratio (Direct)	0.84%	Not available
Base expense ratio (Direct)	0.44%	0.00%
Total expense ratio (Regular)	2.16%	Not available
Base expense ratio (Regular)	1.57%	0.13%

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 Multi Asset Allocation with

Bandhan Multi Asset Allocation Fund vs UTI Nifty 500 Exchange Traded Fund: Frequently Asked Questions

What is the difference between Bandhan Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded Fund?

Bandhan Multi Asset Allocation Fund is a Multi Asset fund, UTI Nifty 500 Exchange Traded Fund is an Index fund, run by Bandhan Mutual Fund and UTI Mutual Fund. Their portfolios overlap 40.2%. Bandhan Multi Asset Allocation Fund charges 0.84% a year and UTI Nifty 500 Exchange Traded Fund 1.30%.

Which has the lower expense ratio, Bandhan Multi Asset Allocation Fund or UTI Nifty 500 Exchange Traded Fund?

Bandhan Multi Asset Allocation Fund charges less: 0.84% a year against 1.30%. These are the total expense ratios reported to AMFI.

How much do Bandhan Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded Fund overlap?

40.2%. They hold 104 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.

Which is riskier, Bandhan Multi Asset Allocation Fund or UTI Nifty 500 Exchange Traded Fund?

On SEBI's riskometer, Bandhan Multi Asset Allocation Fund is rated Very High and UTI Nifty 500 Exchange Traded Fund Very High. Over their common history, the standard deviation of daily returns was 9.15% and 12.77% a year.

Can I invest in both Bandhan Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded Fund?

Yes. 40.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

Who manages Bandhan Multi Asset Allocation Fund and UTI Nifty 500 Exchange Traded Fund?

Bandhan Multi Asset Allocation Fund: Viraj Kulkarni, Daylynn Pinto, Kapil Kankonkar, Gautam Kaul, Brijesh Shah, Ritika Behera, Gaurav Satra. UTI Nifty 500 Exchange Traded Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.

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.