Bandhan Nifty 100 Index Fund vs Baroda BNP Paribas Multi Asset Fund

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

Bandhan Nifty 100 Index Fund is an Index fund and Baroda BNP Paribas Multi Asset Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Bandhan Nifty 100 Index Fund (Direct) returned 8.9% a year and Baroda BNP Paribas Multi Asset Fund (Direct) returned 13.3% a year. Bandhan Nifty 100 Index Fund charges 0.18% a year and Baroda BNP Paribas Multi Asset Fund 0.89% (Direct plans). Their portfolios overlap 38.8%: they hold 27 of the same securities.

Bandhan Nifty 100 Index Fund

Index

3 year return: 8.9%
Expense ratio: 0.18%
NAV: ₹14.41

See Bandhan Nifty 100 Index Fund

Baroda BNP Paribas Multi Asset Fund

Multi Asset

3 year return: 13.3%
Expense ratio: 0.89%
NAV: ₹16.15

See Baroda BNP Paribas Multi Asset Fund

Which is better, Bandhan Nifty 100 Index or Baroda BNP Paribas Multi Asset? Key differences

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

Baroda BNP Paribas Multi Asset returned more over 3 years: 13.3% a year against 8.9%.
Baroda BNP Paribas Multi Asset returned more over 1 year: −0.3% against −8.8%.
Bandhan Nifty 100 Index costs less: 0.18% a year against 0.89% (Direct plans).
Baroda BNP Paribas Multi Asset swung less over 3 years: a standard deviation of 10.8% a year against 13.6%.
Baroda BNP Paribas Multi Asset fell less in its worst fall since 26-12-2022: −11.9% against −17.3%.
Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 47.1%.
Baroda BNP Paribas Multi Asset is the larger fund: ₹1,398 Cr against ₹266 Cr.
Their portfolios overlap 38.8%: 27 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 Nifty 100 Index Fund (Direct)
+35.9%
Baroda BNP Paribas Multi Asset Fund (Direct)
+61.9%

Change in NAV from 26-12-2022 to 30-10-2026

0%+20%+40%+60%+80%

Key facts

From each fund's scheme summary document and AMFI

Fact	Bandhan Nifty 100 Index Fund	Baroda BNP Paribas Multi Asset Fund
Fund house	Bandhan Mutual Fund	Baroda BNP Paribas Mutual Fund
Category	Index	Multi Asset
AUM	₹266 Cr (31-08-2026)	₹1,398 Cr (30-09-2026)
NAV	₹14.41 (Direct)	₹16.15 (Direct)
Expense ratio (Direct)	0.18%	0.89%
Expense ratio (Regular)	0.68%	2.04%
Riskometer	Very High	Not available
Benchmark	Nifty 100 TRI	Not available
Launch date	24-02-2022	Not available
Minimum investment	₹1,000	Not available
Lock in	None	Not available
Fund managers	Abhishek Jain	Not available
Exit load	Nil	Not available

Bandhan Nifty 100 Index vs Baroda BNP Paribas Multi Asset: 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%	--	--
Baroda BNP Paribas Multi Asset Fund (Direct)	−1.53%	−4.77%	−3.91%	−0.27%	+13.33%	--	--
Multi Asset average	−1.71%	−3.33%	−1.78%	+2.00%	+14.20%	--	--

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

Bandhan Nifty 100 Index vs Baroda BNP Paribas Multi Asset: Year-wise Returns

Year	Bandhan Nifty 100 IndexBandhan Nifty 100 Index	Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset
2026to date	−9.46%	−2.74%
2025	+10.06%	+15.03%
2024	+12.69%	+15.91%
2023	+21.06%	+24.70%

Bandhan Nifty 100 Index vs Baroda BNP Paribas Multi Asset: Rolling Returns

Every holding period of both funds, against Nifty 100 TRI, the benchmark of Bandhan Nifty 100 Index Fund

Rolling returns

Every 3-year holding period, 210 of them, one for each trading day from 26-12-2025 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.

0%5%10%15%20%

Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026

Bandhan Nifty 100 Index Fund (Direct)Baroda BNP Paribas Multi Asset Fund (Direct)Nifty 100 TRI

How the periods spread

Fund	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
Bandhan Nifty 100 Index	24.3	65.7	10.0	11.7%	11.3%	6.9%	16.1%	0%
Baroda BNP Paribas Multi Asset	0.0	16.9	83.1	16.9%	17.0%	12.6%	20.0%	100%
Nifty 100 TRI	20.0	67.6	12.4	11.9%	11.5%	7.1%	16.3%	--

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 26-12-2022. Past returns do not promise future returns.

Bandhan Nifty 100 Index vs Baroda BNP Paribas Multi Asset: 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-12-2022 to 30-10-2026: 47 instalments, ₹4,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)	₹4,70,000	₹5,07,159	₹37,159	3.8%
Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset Fund (Direct)	₹4,70,000	₹5,64,135	₹94,135	9.3%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset 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 Baroda BNP Paribas Multi Asset: 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)	Baroda BNP Paribas Multi Asset Fund (Direct)
Return (CAGR)	−8.85%	−0.27%
Standard deviation	13.89%	12.16%
Sharpe ratio	-1.02	-0.45
Sortino ratio	-1.35	-0.61
Maximum drawdown	−14.9% (30-03-2026)	−10.3% (23-03-2026)
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)	Baroda BNP Paribas Multi Asset Fund (Direct)
Return (CAGR)	+8.87%	+13.33%
Standard deviation	13.64%	10.85%
Sharpe ratio	0.21	0.67
Sortino ratio	0.29	0.93
Maximum drawdown	−17.3% (28-02-2025)	−11.9% (28-02-2025)
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)	Baroda BNP Paribas Multi Asset Fund (Direct)
Return (CAGR)	+8.81%	+13.35%
Standard deviation	13.41%	9.96%
Sharpe ratio	0.21	0.72
Sortino ratio	0.29	0.99
Maximum drawdown	−17.3% (28-02-2025)	−11.9% (28-02-2025)
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.

−20%−15%−10%−5%0%

2023202420252026

Bandhan Nifty 100 Index Fund (Direct)Baroda BNP Paribas Multi Asset 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%
Baroda BNP Paribas Multi Asset Fund (Direct)	−11.9%	27-09-2024	28-02-2025	26-06-2025	4 months	−7.6%
Nifty 100 TRI	−17.2%	26-09-2024	28-02-2025	02-01-2026	10 months	−10.1%

From daily values since 26-12-2022, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

0%5%10%15%

2026

Bandhan Nifty 100 Index Fund (Direct)Baroda BNP Paribas Multi Asset 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%
Baroda BNP Paribas Multi Asset Fund (Direct)	83%	44%	5.80%

From month-end values since 26-12-2022. 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 Baroda BNP Paribas Multi Asset: Portfolio Overlap

From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; Baroda BNP Paribas Multi Asset Fund, September 2026

Holdings in common

Overlap: 38.8%
Held by both: 27
Only in Bandhan Nifty 100 Index: 73
Only in Baroda BNP Paribas Multi Asset: 41

Security	% of Bandhan Nifty 100 Index	% of Baroda BNP Paribas Multi Asset
ICICI Bank Limited	7.80%	4.60%
HDFC Bank Limited	8.13%	4.24%
Reliance Industries Limited	6.46%	3.82%
Larsen & Toubro Limited	3.54%	3.51%
Bharti Airtel Limited	4.12%	2.49%
Eternal Limited	1.78%	2.14%
State Bank of India	3.28%	1.67%
Infosys Limited	2.98%	1.66%
Kotak Mahindra Bank Limited	2.31%	1.61%
Sun Pharmaceutical Industries Limited	1.57%	1.64%
Tata Consultancy Services Limited	1.83%	1.25%
Bajaj Finance Limited	2.12%	1.24%
NTPC Limited	1.16%	1.21%
Grasim Industries Limited	0.95%	1.18%
Divi's Laboratories Limited	0.90%	0.90%
Titan Company Limited	1.58%	0.80%
Nestle India Limited	0.80%	1.35%
Maruti Suzuki India Limited	1.32%	0.77%
Tata Motors Ltd	0.74%	0.84%
Power Grid Corporation of India Limited	0.89%	0.67%
Hindustan Unilever Limited	1.31%	0.60%
Torrent Pharmaceuticals Limited	0.56%	0.77%
Varun Beverages Limited	0.41%	0.86%
United Spirits Limited	0.33%	0.96%
Bosch Limited	0.33%	1.58%
Hindustan Zinc Limited	0.21%	1.09%
Tata Capital Limited	0.14%	0.72%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.8% means 38.8% 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
Axis Bank Limited	2.80%
Mahindra & Mahindra Limited	2.19%
ITC Limited	1.84%
Shriram Finance Limited	1.16%
Tata Steel Limited	1.14%

Largest holdings only in Baroda BNP Paribas Multi Asset Fund

Security	% of fund
Nippon India ETF Gold Bees	7.91%
Baroda BNP Paribas Gold ETF-RG	7.18%
Hitachi Energy India Limited	3.85%
Linde India Limited	1.87%
7.44% REC Limited (29/02/2028)	1.78%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Bandhan Nifty 100 Index	Baroda BNP Paribas Multi Asset
Equity	101.5%	70.2%
Debt	0.0%	10.4%
Cash and others	-1.5%	19.3%

Market cap of stocks

Market cap	Bandhan Nifty 100 Index	Baroda BNP Paribas Multi Asset
Large Cap	97.9%	47.1%
Mid Cap	3.6%	16.3%
Small Cap	0.0%	5.5%
Not on AMFI's list	0.0%	1.4%

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	Baroda BNP Paribas Multi Asset
Banks	25.5%	14.7%
Petroleum Products	7.3%	3.8%
IT - Software	7.3%	4.2%
Finance	6.9%	2.0%
Automobiles	6.8%	2.1%
Electrical Equipment	1.3%	5.5%
Pharmaceuticals & Biotechnology	4.4%	3.7%
Construction	3.5%	3.5%

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

Bandhan Nifty 100 Index vs Baroda BNP Paribas Multi Asset: Expense Ratio

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

Charge	Bandhan Nifty 100 Index Fund	Baroda BNP Paribas Multi Asset Fund
Total expense ratio (Direct)	0.18%	0.89%
Base expense ratio (Direct)	0.08%	0.73%
Total expense ratio (Regular)	0.68%	2.04%
Base expense ratio (Regular)	0.51%	1.71%

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 Baroda BNP Paribas Multi Asset with

Bandhan Nifty 100 Index Fund vs Baroda BNP Paribas Multi Asset Fund: Frequently Asked Questions

What is the difference between Bandhan Nifty 100 Index Fund and Baroda BNP Paribas Multi Asset Fund?

Bandhan Nifty 100 Index Fund is an Index fund, Baroda BNP Paribas Multi Asset Fund is a Multi Asset fund, run by Bandhan Mutual Fund and Baroda BNP Paribas Mutual Fund. Their portfolios overlap 38.8%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Baroda BNP Paribas Multi Asset Fund 0.89%.

Which has given higher returns, Bandhan Nifty 100 Index Fund or Baroda BNP Paribas Multi Asset Fund?

Over 1 year: Bandhan Nifty 100 Index Fund −8.85%, Baroda BNP Paribas Multi Asset Fund −0.27%. Over 3 years: Bandhan Nifty 100 Index Fund +8.87% a year, Baroda BNP Paribas Multi Asset Fund +13.33% 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 Baroda BNP Paribas Multi Asset Fund?

Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.

How much do Bandhan Nifty 100 Index Fund and Baroda BNP Paribas Multi Asset Fund overlap?

38.8%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

Which is better for SIP, Bandhan Nifty 100 Index Fund or Baroda BNP Paribas Multi Asset 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 ₹4,07,689 in Baroda BNP Paribas Multi Asset Fund (XIRR 6.2% a year). Both received 37 instalments. Past returns do not promise future returns.

Can I invest in both Bandhan Nifty 100 Index Fund and Baroda BNP Paribas Multi Asset Fund?

Yes. 38.8% of each fund's money sits in the same holdings, so some of the two investments would move together.

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.