Bandhan Multi-Factor Fund vs UTI 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 UTI Nifty Alpha Low-Volatility 30 Index Fund is an Index fund. In the year to 30-10-2026, Bandhan Multi-Factor Fund (Direct) returned −11.8% and UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) returned −7.4%. Bandhan Multi-Factor Fund charges 2.76% a year and UTI Nifty Alpha Low-Volatility 30 Index Fund 0.79% (Direct plans). Their portfolios overlap 38.9%: they hold 13 of the same securities.
Bandhan Multi-Factor Fund
Thematic
- 1 year return
- −11.8%
- Expense ratio
- 2.76%
- NAV
- ₹8.92
UTI Nifty Alpha Low-Volatility 30 Index Fund
Index
- 1 year return
- −7.4%
- Expense ratio
- 0.79%
- NAV
- ₹9.12
Which is better, Bandhan Multi-Factor or UTI 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.
- UTI Nifty Alpha Low-Volatility 30 Index returned more over 1 year: −7.4% against −11.8%.
- UTI Nifty Alpha Low-Volatility 30 Index costs less: 0.79% a year against 2.76% (Direct plans).
- UTI Nifty Alpha Low-Volatility 30 Index fell less in its worst fall since 01-08-2025: −13.4% against −19.8%.
- UTI Nifty Alpha Low-Volatility 30 Index holds more in large companies: 84.0% of the fund in large caps against 63.9%.
- Bandhan Multi-Factor is the larger fund: ₹647 Cr against ₹63 Cr.
- Their portfolios overlap 38.9%: 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 | UTI Nifty Alpha Low-Volatility 30 Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹647 Cr (31-08-2026) | ₹63 Cr (30-09-2026) |
| NAV | ₹8.92 (Direct) | ₹9.12 (Direct) |
| Expense ratio (Direct) | 2.76% | 0.79% |
| Expense ratio (Regular) | 4.26% | 1.21% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 200 TRI | Nifty Alpha Low -Volatility 30 TRI |
| Launch date | 30-07-2025 | 28-11-2024 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Rishi Sharma, Nilesh Saha, Brijesh Shah | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Nil |
Bandhan Multi-Factor vs UTI 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% | -- | -- | -- |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | −1.08% | −8.71% | −2.57% | −7.39% | -- | -- | -- |
| 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 UTI Nifty Alpha Low-Volatility 30 Index: Year-wise Returns
| Year | Bandhan Multi-FactorBandhan Multi-Factor | UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| 2026to date | −16.31% | −7.59% |
| 2025 | -- | −0.23% |
Bandhan Multi-Factor vs UTI 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
Rolling returns
Every 1-year holding period, 60 of them, one for each trading day from 03-08-2026 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 Multi-Factor Fund (Direct)
UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct)
BSE 200 TRI
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 Multi-Factor | 58.3 | 41.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.0% | −3.4% | −12.6% | 5.0% | 5% |
| UTI Nifty Alpha Low-Volatility 30 Index | 55.0 | 30.0 | 15.0 | 0.0 | 0.0 | 0.0 | 0.0 | −1.0% | −1.0% | −10.3% | 7.4% | 80% |
| BSE 200 TRI | 55.0 | 43.3 | 1.7 | 0.0 | 0.0 | 0.0 | 0.0 | −1.6% | −2.1% | −9.8% | 5.6% | -- |
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 200 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 01-08-2025. Past returns do not promise future returns.
Bandhan Multi-Factor vs UTI Nifty Alpha Low-Volatility 30 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
₹10,000 on the first trading day of every month, from 01-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Multi-FactorBandhan Multi-Factor Fund (Direct) | ₹1,50,000 | ₹1,33,541 | −₹16,459 | −16.4% |
| UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | ₹1,50,000 | ₹1,42,940 | −₹7,060 | −7.1% |
Bandhan Multi-FactorBandhan Multi-Factor Fund (Direct)
UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 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 Multi-Factor vs UTI 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) | UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.84% | −7.39% |
| Standard deviation | 13.87% | 13.31% |
| Sharpe ratio | -1.23 | -0.95 |
| Sortino ratio | -1.56 | -1.25 |
| Maximum drawdown | −19.8% (23-10-2026) | −13.4% (31-03-2026) |
| Beta | 0.89 | 1.00 |
| Alpha | −5.01% | −0.73% |
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 Multi-Factor Fund (Direct) | UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.70% | −5.86% |
| Standard deviation | 13.07% | 12.73% |
| Sharpe ratio | -0.99 | -0.90 |
| Sortino ratio | -1.27 | -1.20 |
| Maximum drawdown | −19.8% (23-10-2026) | −16.6% (28-02-2025) |
| Beta | 0.90 | 1.00 |
| Alpha | −5.97% | −0.59% |
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)
UTI 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) | −19.8% | 11-02-2026 | 23-10-2026 | Not yet | -- | −18.1% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | −13.4% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −10.3% |
| BSE 200 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.9% |
From daily values since 01-08-2025, 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 Multi-Factor Fund (Direct)
UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct)
BSE 200 TRI
Against BSE 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Multi-Factor Fund (Direct) | 49% | 77% | 7.80% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | 96% | 105% | 5.10% |
From month-end values since 01-08-2025. 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 Multi-Factor vs UTI Nifty Alpha Low-Volatility 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Multi-Factor Fund, August 2026; UTI Nifty Alpha Low-Volatility 30 Index Fund, September 2026
Holdings in common
- Overlap
- 38.9%
- Held by both
- 13
- Only in Bandhan Multi-Factor
- 21
- Only in UTI Nifty Alpha Low-Volatility 30 Index
- 17
| Security | % of Bandhan Multi-Factor | % of UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Bajaj Auto Limited | 3.82% | 4.00% |
| JSW Steel Limited | 3.95% | 3.61% |
| Cummins India Limited | 3.60% | 3.48% |
| Bharti Airtel Limited | 3.70% | 3.32% |
| Nestle India Limited | 3.31% | 3.71% |
| Titan Company Limited | 3.35% | 3.25% |
| Lupin Limited | 3.95% | 3.23% |
| Marico Limited | 3.15% | 3.97% |
| Coal India Limited | 3.18% | 3.04% |
| Eicher Motors Limited | 3.52% | 3.02% |
| UltraTech Cement Limited | 3.99% | 2.74% |
| Max Financial Services Limited | 1.98% | 2.18% |
| Asian Paints Limited | 0.92% | 2.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.9% means 38.9% 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 UTI Nifty Alpha Low-Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| EQ - TORRENT PHARMACEUTICALS LTD. | 4.72% |
| EQ - NTPC LTD. | 4.10% |
| EQ - APOLLO HOSPITALS ENTERPRISE LT | 3.91% |
| EQ - HINDALCO INDUSTRIES LTD. | 3.79% |
| EQ - ICICI BANK LTD | 3.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Multi-Factor | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Equity | 98.6% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 0.3% |
Market cap of stocks
| Market cap | Bandhan Multi-Factor | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Large Cap | 63.9% | 84.0% |
| Mid Cap | 29.9% | 15.7% |
| 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 | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 4.0% | 14.3% |
| Automobiles | 11.2% | 12.7% |
| Banks | 8.9% | 10.4% |
| Industrial Products | 9.8% | 3.5% |
| Ferrous Metals | 8.0% | 3.6% |
| Food Products | 3.3% | 6.6% |
| Agricultural Food & other Products | 3.1% | 6.5% |
| Cement & Cement Products | 4.0% | 6.3% |
| 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 UTI 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 | UTI Nifty Alpha Low-Volatility 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.76% | 0.79% |
| Base expense ratio (Direct) | 0.77% | 0.51% |
| Total expense ratio (Regular) | 4.26% | 1.21% |
| Base expense ratio (Regular) | 2.08% | 0.90% |
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 UTI Nifty Alpha Low-Volatility 30 Index Fund: Frequently Asked Questions
What is the difference between Bandhan Multi-Factor Fund and UTI Nifty Alpha Low-Volatility 30 Index Fund?
Bandhan Multi-Factor Fund is a Thematic fund, UTI Nifty Alpha Low-Volatility 30 Index Fund is an Index fund, run by Bandhan Mutual Fund and UTI Mutual Fund. Their portfolios overlap 38.9%. Bandhan Multi-Factor Fund charges 2.76% a year and UTI Nifty Alpha Low-Volatility 30 Index Fund 0.79%.
Which has given higher returns, Bandhan Multi-Factor Fund or UTI Nifty Alpha Low-Volatility 30 Index Fund?
Over 1 year: Bandhan Multi-Factor Fund −11.84%, UTI Nifty Alpha Low-Volatility 30 Index Fund −7.39%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Multi-Factor Fund or UTI Nifty Alpha Low-Volatility 30 Index Fund?
UTI Nifty Alpha Low-Volatility 30 Index Fund charges less: 0.79% a year against 2.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Multi-Factor Fund and UTI Nifty Alpha Low-Volatility 30 Index Fund overlap?
38.9%. 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 UTI Nifty Alpha Low-Volatility 30 Index Fund?
On SEBI's riskometer, Bandhan Multi-Factor Fund is rated Very High and UTI Nifty Alpha Low-Volatility 30 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.87% and 13.31% a year.
Can I invest in both Bandhan Multi-Factor Fund and UTI Nifty Alpha Low-Volatility 30 Index Fund?
Yes. 38.9% 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 UTI Nifty Alpha Low-Volatility 30 Index Fund?
Bandhan Multi-Factor Fund: Rishi Sharma, Nilesh Saha, Brijesh Shah. UTI Nifty Alpha Low-Volatility 30 Index 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.