Bandhan Nifty 100 Index Fund vs Bandhan Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 100 Index Fund is an Index fund and Bandhan Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, Bandhan Nifty 100 Index Fund (Direct) returned 8.9% a year and Bandhan Retirement Fund (Direct) returned 9.1% a year. Bandhan Nifty 100 Index Fund charges 0.18% a year and Bandhan Retirement Fund 1.03% (Direct plans). Their portfolios overlap 45.2%: they hold 31 of the same securities.
Bandhan Nifty 100 Index Fund
Index
- 3 year return
- 8.9%
- Expense ratio
- 0.18%
- NAV
- ₹14.41
Bandhan Retirement Fund
Solution
- 3 year return
- 9.1%
- Expense ratio
- 1.03%
- NAV
- ₹12.80
Which is better, Bandhan Nifty 100 Index or Bandhan Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Retirement returned more over 3 years: 9.1% a year against 8.9%.
- Bandhan Retirement returned more over 1 year: −3.5% against −8.8%.
- Bandhan Nifty 100 Index costs less: 0.18% a year against 1.03% (Direct plans).
- Bandhan Retirement swung less over 3 years: a standard deviation of 8.3% a year against 13.6%.
- Bandhan Retirement fell less in its worst fall since 19-10-2023: −9.8% against −17.3%.
- Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 56.2%.
- Bandhan Nifty 100 Index is the larger fund: ₹266 Cr against ₹182 Cr.
- Their portfolios overlap 45.2%: 31 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 Nifty 100 Index Fund | Bandhan Retirement Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Index | Solution |
| AUM | ₹266 Cr (31-08-2026) | ₹182 Cr (31-08-2026) |
| NAV | ₹14.41 (Direct) | ₹12.80 (Direct) |
| Expense ratio (Direct) | 0.18% | 1.03% |
| Expense ratio (Regular) | 0.68% | 2.62% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 24-02-2022 | 13-10-2023 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Abhishek Jain | Vishal Biraia, Gautam Kaul, Viraj Kulkarni, Ritika Behera, Gaurav Satra, Brijesh Shah |
| Exit load | Nil | Nil |
Bandhan Nifty 100 Index vs Bandhan Retirement: 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 Nifty 100 Index Fund (Direct) | +1.03% | −5.35% | −3.06% | −8.85% | +8.87% | -- | -- |
| Bandhan Retirement Fund (Direct) | +0.47% | −3.64% | −1.17% | −3.52% | +9.08% | -- | -- |
Bandhan Nifty 100 Index vs Bandhan Retirement: Year-wise Returns
| Year | Nifty 100 IndexBandhan Nifty 100 Index | RetirementBandhan Retirement |
|---|---|---|
| 2026to date | −9.46% | −4.29% |
| 2025 | +10.06% | +8.38% |
| 2024 | +12.69% | +14.67% |
| 2023 | +21.06% | -- |
Bandhan Nifty 100 Index vs Bandhan Retirement: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Bandhan Nifty 100 Index Fund
Rolling returns
Every 1-year holding period, 506 of them, one for each trading day from 21-10-2024 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.
Bandhan Nifty 100 Index Fund (Direct)
Bandhan Retirement Fund (Direct)
Nifty 100 TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 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 Nifty 100 Index | 29.1 | 23.7 | 25.7 | 11.7 | 2.4 | 2.4 | 5.1 | 5.5% | 4.3% | −10.6% | 34.4% | 1% |
| Bandhan Retirement | 7.1 | 33.8 | 41.7 | 7.7 | 4.7 | 3.8 | 1.2 | 6.9% | 6.1% | −4.5% | 25.5% | 74% |
| Nifty 100 TRI | 28.5 | 23.5 | 25.3 | 12.6 | 2.4 | 2.4 | 5.3 | 5.7% | 4.5% | −10.5% | 34.7% | -- |
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 100 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 19-10-2023. Past returns do not promise future returns.
Bandhan Nifty 100 Index vs Bandhan Retirement: 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct) | ₹3,70,000 | ₹3,72,224 | ₹2,224 | 0.4% |
| Bandhan RetirementBandhan Retirement Fund (Direct) | ₹3,70,000 | ₹3,87,963 | ₹17,963 | 3.0% |
Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)
Bandhan RetirementBandhan Retirement 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 Nifty 100 Index vs Bandhan Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty 100 Index Fund (Direct) | Bandhan Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.85% | −3.52% |
| Standard deviation | 13.89% | 8.91% |
| Sharpe ratio | -1.02 | -0.98 |
| Sortino ratio | -1.35 | -1.32 |
| Maximum drawdown | −14.9% (30-03-2026) | −9.8% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.17% | -- |
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 Nifty 100 Index Fund (Direct) | Bandhan Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.87% | +9.08% |
| Standard deviation | 13.64% | 8.35% |
| Sharpe ratio | 0.21 | 0.37 |
| Sortino ratio | 0.29 | 0.50 |
| Maximum drawdown | −17.3% (28-02-2025) | −9.8% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.21% | -- |
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 Nifty 100 Index Fund (Direct) | Bandhan Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.81% | +8.50% |
| Standard deviation | 13.41% | 8.34% |
| Sharpe ratio | 0.21 | 0.30 |
| Sortino ratio | 0.29 | 0.40 |
| Maximum drawdown | −17.3% (28-02-2025) | −9.8% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.20% | -- |
From daily NAVs, 25-02-2022 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 Nifty 100 Index Fund (Direct)
Bandhan Retirement Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty 100 Index Fund (Direct) | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.3% |
| Bandhan Retirement Fund (Direct) | −9.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −5.0% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 19-10-2023, 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.
Bandhan Nifty 100 Index Fund (Direct)
Bandhan Retirement Fund (Direct)
Nifty 100 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 Nifty 100 Index Fund (Direct)
Bandhan Retirement Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 100 Index Fund (Direct) | 99% | 100% | 0.04% |
| Bandhan Retirement Fund (Direct) | 72% | 58% | 6.17% |
From month-end values since 19-10-2023. 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 Nifty 100 Index vs Bandhan Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; Bandhan Retirement Fund, August 2026
Holdings in common
- Overlap
- 45.2%
- Held by both
- 31
- Only in Bandhan Nifty 100 Index
- 69
- Only in Bandhan Retirement
- 24
| Security | % of Bandhan Nifty 100 Index | % of Bandhan Retirement |
|---|---|---|
| Reliance Industries Limited | 6.46% | 5.08% |
| ICICI Bank Limited | 7.80% | 4.80% |
| Bharti Airtel Limited | 4.12% | 5.45% |
| HDFC Bank Limited | 8.13% | 4.09% |
| Larsen & Toubro Limited | 3.54% | 3.81% |
| Kotak Mahindra Bank Limited | 2.31% | 3.76% |
| State Bank of India | 3.28% | 2.16% |
| Axis Bank Limited | 2.80% | 1.93% |
| Infosys Limited | 2.98% | 1.63% |
| Titan Company Limited | 1.58% | 3.91% |
| ITC Limited | 1.84% | 1.40% |
| Tata Consultancy Services Limited | 1.83% | 1.32% |
| Maruti Suzuki India Limited | 1.32% | 1.79% |
| Bajaj Finance Limited | 2.12% | 1.16% |
| Hindalco Industries Limited | 1.10% | 1.57% |
| Eternal Limited | 1.78% | 1.08% |
| Coal India Limited | 0.72% | 0.95% |
| Adani Ports and Special Economic Zone Limited | 0.88% | 0.61% |
| Cholamandalam Investment and Finance Company Ltd | 0.60% | 1.15% |
| Cipla Limited | 0.59% | 0.86% |
| InterGlobe Aviation Limited | 0.89% | 0.53% |
| Tata Motors Ltd | 0.74% | 0.53% |
| CG Power and Industrial Solutions Limited | 0.47% | 0.81% |
| HDFC Life Insurance Company Limited | 0.44% | 0.60% |
| Varun Beverages Limited | 0.41% | 0.40% |
| Tata Motors Passenger Vehicles Limited | 0.48% | 0.34% |
| United Spirits Limited | 0.33% | 0.82% |
| Jindal Steel Limited | 0.33% | 1.31% |
| Wipro Limited | 0.37% | 0.32% |
| Lodha Developers Limited | 0.25% | 0.43% |
| GAIL (India) Limited | 0.36% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.2% means 45.2% 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 Nifty 100 Index Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.19% |
| Sun Pharmaceutical Industries Limited | 1.57% |
| Hindustan Unilever Limited | 1.31% |
| Shriram Finance Limited | 1.16% |
| NTPC Limited | 1.16% |
Largest holdings only in Bandhan Retirement Fund
| Security | % of fund |
|---|---|
| 7.3% GOI (MD 19/06/2053) | 21.31% |
| Hitachi Energy India Limited | 2.75% |
| Info Edge (India) Limited | 1.69% |
| Hero MotoCorp Limited | 1.26% |
| Max Financial Services Limited | 1.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 100 Index | Bandhan Retirement |
|---|---|---|
| Equity | 101.5% | 72.1% |
| Debt | 0.0% | 21.3% |
| Cash and others | -1.5% | 6.6% |
Market cap of stocks
| Market cap | Bandhan Nifty 100 Index | Bandhan Retirement |
|---|---|---|
| Large Cap | 97.9% | 56.2% |
| Mid Cap | 3.6% | 11.1% |
| Small Cap | 0.0% | 4.8% |
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 Nifty 100 Index | Bandhan Retirement |
|---|---|---|
| Banks | 25.5% | 16.7% |
| Petroleum Products | 7.3% | 5.1% |
| IT - Software | 7.3% | 3.8% |
| Finance | 6.9% | 2.9% |
| Automobiles | 6.8% | 3.4% |
| Telecom - Services | 4.1% | 5.5% |
| Consumer Durables | 2.5% | 4.9% |
| Pharmaceuticals & Biotechnology | 4.4% | 1.9% |
| Construction | 3.5% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 100 Index vs Bandhan Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 100 Index Fund | Bandhan Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.18% | 1.03% |
| Base expense ratio (Direct) | 0.08% | 0.73% |
| Total expense ratio (Regular) | 0.68% | 2.62% |
| Base expense ratio (Regular) | 0.51% | 2.10% |
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.
Bandhan Nifty 100 Index Fund vs Bandhan Retirement Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 100 Index Fund and Bandhan Retirement Fund?
Bandhan Nifty 100 Index Fund is an Index fund, Bandhan Retirement Fund is a Solution fund, run by Bandhan Mutual Fund. Their portfolios overlap 45.2%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Bandhan Retirement Fund 1.03%.
Which has given higher returns, Bandhan Nifty 100 Index Fund or Bandhan Retirement Fund?
Over 1 year: Bandhan Nifty 100 Index Fund −8.85%, Bandhan Retirement Fund −3.52%. Over 3 years: Bandhan Nifty 100 Index Fund +8.87% a year, Bandhan Retirement Fund +9.08% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty 100 Index Fund or Bandhan Retirement Fund?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 100 Index Fund and Bandhan Retirement Fund overlap?
45.2%. They hold 31 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty 100 Index Fund or Bandhan Retirement Fund?
On SEBI's riskometer, Bandhan Nifty 100 Index Fund is rated Very High and Bandhan Retirement Fund Very High. Over 3 years, the standard deviation of daily returns was 13.64% and 8.35% a year.
Which is better for SIP, Bandhan Nifty 100 Index Fund or Bandhan Retirement Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,72,224 in Bandhan Nifty 100 Index Fund (XIRR 0.4% a year) and ₹3,87,963 in Bandhan Retirement Fund (XIRR 3.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty 100 Index Fund and Bandhan Retirement Fund?
Yes. 45.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty 100 Index Fund and Bandhan Retirement Fund?
Bandhan Nifty 100 Index Fund: Abhishek Jain. Bandhan Retirement Fund: Vishal Biraia, Gautam Kaul, Viraj Kulkarni, Ritika Behera, Gaurav Satra, Brijesh Shah.
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.