Bandhan Nifty 100 Index Fund vs Franklin India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 100 Index Fund is an Index fund and Franklin India Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Bandhan Nifty 100 Index Fund (Direct) returned −8.8% and Franklin India Multi Asset Allocation Fund (Direct) returned 0.7%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Franklin India Multi Asset Allocation Fund 0.55% (Direct plans). Their portfolios overlap 34.7%: they hold 25 of the same securities.
Bandhan Nifty 100 Index Fund
Index
- 1 year return
- −8.8%
- Expense ratio
- 0.18%
- NAV
- ₹14.41
Franklin India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 0.7%
- Expense ratio
- 0.55%
- NAV
- ₹10.56
Which is better, Bandhan Nifty 100 Index or Franklin India Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Multi Asset Allocation returned more over 1 year: 0.7% against −8.8%.
- Bandhan Nifty 100 Index costs less: 0.18% a year against 0.55% (Direct plans).
- Franklin India Multi Asset Allocation fell less in its worst fall since 31-07-2025: −11.6% against −14.9%.
- Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 46.0%.
- Franklin India Multi Asset Allocation is the larger fund: ₹2,767 Cr against ₹266 Cr.
- Their portfolios overlap 34.7%: 25 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 | Franklin India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Index | Multi Asset |
| AUM | ₹266 Cr (31-08-2026) | ₹2,767 Cr (30-09-2026) |
| NAV | ₹14.41 (Direct) | ₹10.56 (Direct) |
| Expense ratio (Direct) | 0.18% | 0.55% |
| Expense ratio (Regular) | 0.68% | 1.95% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 100 TRI | 65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX |
| Launch date | 24-02-2022 | 31-07-2025 |
| Minimum investment | ₹1,000 | 5000/1 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Janakiraman Rengaraju, Rajasa Kakulavarapu, Rohan Maru, Anuj Tagra, Sandeep Manam |
| Exit load | Nil | <ul style="text-align: justify;"> <li>Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment*.</li> <li>Any redemption in excess of the above limit shall be subject to the following exit load: <ul> <li>0.50 % - if redeemed on or before 1 year from the date of allotment</li> <li>Nil - if redeemed after 1 year from the date of allotment</li> </ul> </li> </ul> |
Bandhan Nifty 100 Index vs Franklin India Multi Asset Allocation: 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% | -- | -- |
| Franklin India Multi Asset Allocation Fund (Direct) | −1.84% | −5.28% | −3.50% | +0.65% | -- | -- | -- |
| 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 Nifty 100 Index vs Franklin India Multi Asset Allocation: Year-wise Returns
| Year | Bandhan Nifty 100 IndexBandhan Nifty 100 Index | Franklin India Multi Asset AllocationFranklin India Multi Asset Allocation |
|---|---|---|
| 2026to date | −9.46% | −3.46% |
| 2025 | +10.06% | -- |
| 2024 | +12.69% | -- |
| 2023 | +21.06% | -- |
Bandhan Nifty 100 Index vs Franklin India Multi Asset Allocation: 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, 61 of them, one for each trading day from 31-07-2026 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 Nifty 100 Index Fund (Direct)
Franklin India Multi Asset Allocation Fund (Direct)
Nifty 100 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 Nifty 100 Index | 65.6 | 34.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.0% | −3.4% | −10.6% | 4.2% | 0% |
| Franklin India Multi Asset Allocation | 6.6 | 23.0 | 21.3 | 49.2 | 0.0 | 0.0 | 0.0 | 8.6% | 9.8% | −1.0% | 14.7% | 100% |
| Nifty 100 TRI | 65.6 | 34.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.8% | −3.3% | −10.5% | 4.4% | -- |
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 31-07-2025. Past returns do not promise future returns.
Bandhan Nifty 100 Index vs Franklin India Multi Asset Allocation: 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct) | ₹1,60,000 | ₹1,52,549 | −₹7,451 | −6.6% |
| Franklin India Multi Asset AllocationFranklin India Multi Asset Allocation Fund (Direct) | ₹1,60,000 | ₹1,58,218 | −₹1,782 | −1.6% |
Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)
Franklin India Multi Asset AllocationFranklin India Multi Asset Allocation 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 Franklin India Multi Asset Allocation: 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) | Franklin India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.85% | +0.65% |
| Standard deviation | 13.89% | 12.79% |
| Sharpe ratio | -1.02 | -0.36 |
| Sortino ratio | -1.35 | -0.48 |
| Maximum drawdown | −14.9% (30-03-2026) | −11.6% (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) | Franklin India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.81% | +4.43% |
| Standard deviation | 13.41% | 11.79% |
| Sharpe ratio | 0.21 | -0.07 |
| Sortino ratio | 0.29 | -0.10 |
| Maximum drawdown | −17.3% (28-02-2025) | −11.6% (23-03-2026) |
| 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)
Franklin India Multi Asset Allocation 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) | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.3% |
| Franklin India Multi Asset Allocation Fund (Direct) | −11.6% | 29-01-2026 | 23-03-2026 | Not yet | -- | −8.0% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 31-07-2025, 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 Nifty 100 Index Fund (Direct)
Franklin India Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 100 Index Fund (Direct) | 99% | 100% | 0.02% |
| Franklin India Multi Asset Allocation Fund (Direct) | 65% | 31% | 7.75% |
From month-end values since 31-07-2025. 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 Nifty 100 Index vs Franklin India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; Franklin India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 34.7%
- Held by both
- 25
- Only in Bandhan Nifty 100 Index
- 75
- Only in Franklin India Multi Asset Allocation
- 32
| Security | % of Bandhan Nifty 100 Index | % of Franklin India Multi Asset Allocation |
|---|---|---|
| State Bank of India | 3.28% | 3.33% |
| HDFC Bank Limited | 8.13% | 3.21% |
| ICICI Bank Limited | 7.80% | 2.90% |
| Axis Bank Limited | 2.80% | 2.65% |
| Reliance Industries Limited | 6.46% | 2.36% |
| Larsen & Toubro Limited | 3.54% | 2.24% |
| Bharti Airtel Limited | 4.12% | 2.06% |
| Mahindra & Mahindra Limited | 2.19% | 1.98% |
| Eternal Limited | 1.78% | 2.38% |
| Infosys Limited | 2.98% | 1.22% |
| Tata Steel Limited | 1.14% | 1.47% |
| Hindalco Industries Limited | 1.10% | 1.11% |
| HCL Technologies Limited | 1.04% | 1.77% |
| UltraTech Cement Limited | 1.01% | 2.09% |
| Titan Company Limited | 1.58% | 0.96% |
| InterGlobe Aviation Limited | 0.89% | 1.54% |
| Trent Limited | 0.72% | 1.46% |
| Apollo Hospitals Enterprise Limited | 0.69% | 1.75% |
| Hindustan Aeronautics Limited | 0.68% | 2.10% |
| Oil & Natural Gas Corporation Limited | 0.67% | 0.88% |
| Cipla Limited | 0.59% | 1.68% |
| Bharat Petroleum Corporation Limited | 0.49% | 0.85% |
| Britannia Industries Limited | 0.46% | 1.44% |
| Tata Power Company Limited | 0.43% | 1.41% |
| Tata Capital Limited | 0.14% | 1.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.7% means 34.7% 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 |
|---|---|
| Kotak Mahindra Bank Limited | 2.31% |
| Bajaj Finance Limited | 2.12% |
| ITC Limited | 1.84% |
| Tata Consultancy Services Limited | 1.83% |
| Sun Pharmaceutical Industries Limited | 1.57% |
Largest holdings only in Franklin India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 14.10% |
| Nippon India Silver ETF | 3.25% |
| Knowledge Realty Trust | 2.12% |
| 7.55% Poonawalla Fincorp Ltd (25-Mar-2027) | 2.06% |
| 7.35% Bharti Telecom Ltd (15-Oct-2027) | 1.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 100 Index | Franklin India Multi Asset Allocation |
|---|---|---|
| Equity | 101.5% | 65.8% |
| Debt | 0.0% | 12.2% |
| Cash and others | -1.5% | 22.1% |
Market cap of stocks
| Market cap | Bandhan Nifty 100 Index | Franklin India Multi Asset Allocation |
|---|---|---|
| Large Cap | 97.9% | 46.0% |
| Mid Cap | 3.6% | 5.6% |
| Small Cap | 0.0% | 14.1% |
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 Nifty 100 Index | Franklin India Multi Asset Allocation |
|---|---|---|
| Banks | 25.5% | 12.1% |
| Petroleum Products | 7.3% | 3.2% |
| IT - Software | 7.3% | 3.0% |
| Finance | 6.9% | 1.2% |
| Automobiles | 6.8% | 2.0% |
| Retailing | 3.0% | 4.6% |
| Pharmaceuticals & Biotechnology | 4.4% | 2.8% |
| Aerospace & Defense | 1.8% | 3.4% |
| Auto Components | 0.9% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 100 Index vs Franklin India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 100 Index Fund | Franklin India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.18% | 0.55% |
| Base expense ratio (Direct) | 0.08% | 0.40% |
| Total expense ratio (Regular) | 0.68% | 1.95% |
| Base expense ratio (Regular) | 0.51% | 1.61% |
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 Franklin India Multi Asset Allocation with
- Franklin India Multi Asset Allocation vs Quant Multi Asset Allocation
- Franklin India Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Franklin India Multi Asset Allocation vs DSP Multi Asset Allocation
- Franklin India Multi Asset Allocation vs Kotak Multi Asset Allocation
- Franklin India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Bandhan Nifty 100 Index Fund vs Franklin India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 100 Index Fund and Franklin India Multi Asset Allocation Fund?
Bandhan Nifty 100 Index Fund is an Index fund, Franklin India Multi Asset Allocation Fund is a Multi Asset fund, run by Bandhan Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 34.7%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Franklin India Multi Asset Allocation Fund 0.55%.
Which has given higher returns, Bandhan Nifty 100 Index Fund or Franklin India Multi Asset Allocation Fund?
Over 1 year: Bandhan Nifty 100 Index Fund −8.85%, Franklin India Multi Asset Allocation Fund +0.65%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty 100 Index Fund or Franklin India Multi Asset Allocation Fund?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 0.55%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 100 Index Fund and Franklin India Multi Asset Allocation Fund overlap?
34.7%. They hold 25 of the same securities, the largest shared ones being SBIN, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both Bandhan Nifty 100 Index Fund and Franklin India Multi Asset Allocation Fund?
Yes. 34.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Nifty 100 Index Fund and Franklin India Multi Asset Allocation Fund?
Bandhan Nifty 100 Index Fund: Abhishek Jain. Franklin India Multi Asset Allocation Fund: Janakiraman Rengaraju, Rajasa Kakulavarapu, Rohan Maru, Anuj Tagra, Sandeep Manam.
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.