Bandhan Multi-Factor Fund vs Kotak NIFTY Alpha Low Volatility 30 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Multi-Factor Fund is a Thematic fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund is an Index fund. Bandhan Multi-Factor Fund charges 2.76% a year and Kotak NIFTY Alpha Low Volatility 30 Index Fund 1.00% (Direct plans). Their portfolios overlap 39.0%: they hold 13 of the same securities.
Kotak NIFTY Alpha Low Volatility 30 Index Fund
Index
- Expense ratio
- 1.00%
- NAV
- ₹9.54
Which is better, Bandhan Multi-Factor or Kotak NIFTY Alpha Low Volatility 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak NIFTY Alpha Low Volatility 30 Index costs less: 1.00% a year against 2.76% (Direct plans).
- Kotak NIFTY Alpha Low Volatility 30 Index fell less in its worst fall since 22-06-2026: −12.4% against −15.4%.
- Kotak NIFTY Alpha Low Volatility 30 Index holds more in large companies: 84.3% of the fund in large caps against 63.9%.
- Bandhan Multi-Factor is the larger fund: ₹647 Cr against ₹7 Cr.
- Their portfolios overlap 39.0%: 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 Multi-Factor Fund | Kotak NIFTY Alpha Low Volatility 30 Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹647 Cr (31-08-2026) | ₹7 Cr (30-09-2026) |
| NAV | ₹8.92 (Direct) | ₹9.54 (Direct) |
| Expense ratio (Direct) | 2.76% | 1.00% |
| Expense ratio (Regular) | 4.26% | 1.58% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 200 TRI | Nifty Alpha Low -Volatility 30 TRI |
| Launch date | 30-07-2025 | 17-06-2026 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Rishi Sharma, Nilesh Saha, Brijesh Shah | Satish Dondapati, Jeetu Valechha Sonar, Abhishek Bisen |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | NIL |
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index: 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-Factor Fund (Direct) | −3.54% | −11.74% | −11.32% | −11.84% | -- | -- | -- |
| Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) | −1.06% | −8.63% | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index: Year-wise Returns
| Year | Bandhan Multi-FactorBandhan Multi-Factor | Kotak NIFTY Alpha Low Volatility 30 IndexKotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| 2026to date | −16.31% | -- |
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index: Rolling Returns
Every holding period of both funds, against BSE 200 TRI, the benchmark of Bandhan Multi-Factor Fund
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Multi-Factor Fund (Direct) | Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.70% | −13.59% |
| Standard deviation | 13.07% | 10.46% |
| Sharpe ratio | -0.99 | -1.80 |
| Sortino ratio | -1.27 | -2.21 |
| Maximum drawdown | −19.8% (23-10-2026) | −12.4% (23-10-2026) |
| Beta | 0.90 | 1.00 |
| Alpha | −5.97% | −0.50% |
From daily NAVs, 01-08-2025 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 Multi-Factor Fund (Direct)
Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct)
BSE 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Multi-Factor Fund (Direct) | −15.4% | 07-08-2026 | 23-10-2026 | Not yet | -- | −13.7% |
| Kotak NIFTY Alpha Low Volatility 30 Index Fund (Direct) | −12.4% | 03-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
| BSE 200 TRI | −9.6% | 06-08-2026 | 08-10-2026 | Not yet | -- | −7.6% |
From daily values since 22-06-2026, the first day every fund has.
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Multi-Factor Fund, August 2026; Kotak NIFTY Alpha Low Volatility 30 Index Fund, September 2026
Holdings in common
- Overlap
- 39.0%
- Held by both
- 13
- Only in Bandhan Multi-Factor
- 21
- Only in Kotak NIFTY Alpha Low Volatility 30 Index
- 17
| Security | % of Bandhan Multi-Factor | % of Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Bajaj Auto Limited | 3.82% | 4.01% |
| JSW Steel Limited | 3.95% | 3.62% |
| Cummins India Limited | 3.60% | 3.50% |
| Bharti Airtel Limited | 3.70% | 3.33% |
| Nestle India Limited | 3.31% | 3.72% |
| Titan Company Limited | 3.35% | 3.27% |
| Lupin Limited | 3.95% | 3.24% |
| Marico Limited | 3.15% | 3.99% |
| Coal India Limited | 3.18% | 3.05% |
| Eicher Motors Limited | 3.52% | 3.04% |
| UltraTech Cement Limited | 3.99% | 2.75% |
| Max Financial Services Limited | 1.98% | 2.19% |
| Asian Paints Limited | 0.92% | 2.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.0% means 39.0% 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-Factor Fund
| Security | % of fund |
|---|---|
| Axis Bank Limited | 4.33% |
| Polycab India Limited | 4.09% |
| Suzlon Energy Limited | 4.07% |
| Tata Steel Limited | 4.07% |
| Power Grid Corporation of India Limited | 4.01% |
Largest holdings only in Kotak NIFTY Alpha Low Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| TORRENT PHARMACEUTICALS LTD. | 4.73% |
| NTPC LTD | 4.11% |
| Apollo Hospitals Enterprise Ltd. | 3.93% |
| Hindalco Industries Ltd. | 3.81% |
| ICICI BANK LTD. | 3.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Multi-Factor | Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Equity | 98.6% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | -0.1% |
Market cap of stocks
| Market cap | Bandhan Multi-Factor | Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Large Cap | 63.9% | 84.3% |
| Mid Cap | 29.9% | 15.8% |
| Small Cap | 4.7% | 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 Multi-Factor | Kotak NIFTY Alpha Low Volatility 30 Index |
|---|---|---|
| Pharmaceuticals and Biotechnology | 0.0% | 14.4% |
| Automobiles | 11.2% | 12.8% |
| Banks | 8.9% | 10.5% |
| Industrial Products | 9.8% | 3.5% |
| Ferrous Metals | 8.0% | 3.6% |
| Food Products | 3.3% | 6.6% |
| Agricultural Food and other Product | 0.0% | 6.5% |
| Cement and Cement Products | 0.0% | 6.4% |
| Finance | 4.9% | 0.0% |
| IT - Software | 4.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Multi-Factor vs Kotak NIFTY Alpha Low Volatility 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Multi-Factor Fund | Kotak NIFTY Alpha Low Volatility 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.76% | 1.00% |
| Base expense ratio (Direct) | 0.77% | 0.20% |
| Total expense ratio (Regular) | 4.26% | 1.58% |
| Base expense ratio (Regular) | 2.08% | 0.69% |
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 Multi-Factor Fund vs Kotak NIFTY Alpha Low Volatility 30 Index Fund: Frequently Asked Questions
What is the difference between Bandhan Multi-Factor Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund?
Bandhan Multi-Factor Fund is a Thematic fund, Kotak NIFTY Alpha Low Volatility 30 Index Fund is an Index fund, run by Bandhan Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 39.0%. Bandhan Multi-Factor Fund charges 2.76% a year and Kotak NIFTY Alpha Low Volatility 30 Index Fund 1.00%.
Which has the lower expense ratio, Bandhan Multi-Factor Fund or Kotak NIFTY Alpha Low Volatility 30 Index Fund?
Kotak NIFTY Alpha Low Volatility 30 Index Fund charges less: 1.00% a year against 2.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Multi-Factor Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund overlap?
39.0%. They hold 13 of the same securities, the largest shared ones being BAJAJ-AUTO, JSWSTEEL, CUMMINSIND. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Multi-Factor Fund or Kotak NIFTY Alpha Low Volatility 30 Index Fund?
On SEBI's riskometer, Bandhan Multi-Factor Fund is rated Very High and Kotak NIFTY Alpha Low Volatility 30 Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.07% and 10.46% a year.
Can I invest in both Bandhan Multi-Factor Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund?
Yes. 39.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Multi-Factor Fund and Kotak NIFTY Alpha Low Volatility 30 Index Fund?
Bandhan Multi-Factor Fund: Rishi Sharma, Nilesh Saha, Brijesh Shah. Kotak NIFTY Alpha Low Volatility 30 Index Fund: Satish Dondapati, Jeetu Valechha Sonar, Abhishek Bisen.
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.