Bandhan Nifty 100 Index Fund vs Groww Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 100 Index Fund is an Index fund and Groww Arbitrage Fund is an Arbitrage fund. Bandhan Nifty 100 Index Fund charges 0.18% a year and Groww Arbitrage Fund 1.86% (Direct plans). Their portfolios overlap 34.3%: they hold 27 of the same securities.
Which is better, Bandhan Nifty 100 Index or Groww Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Nifty 100 Index costs less: 0.18% a year against 1.86% (Direct plans).
- Groww Arbitrage fell less in its worst fall since 29-04-2026: −0.6% against −10.1%.
- Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 63.5%.
- Bandhan Nifty 100 Index is the larger fund: ₹266 Cr against ₹70 Cr.
- Their portfolios overlap 34.3%: 27 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 | Groww Arbitrage Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Groww Mutual Fund |
| Category | Index | Arbitrage |
| AUM | ₹266 Cr (31-08-2026) | ₹70 Cr (30-09-2026) |
| NAV | ₹14.41 (Direct) | ₹10.31 (Direct) |
| Expense ratio (Direct) | 0.18% | 1.86% |
| Expense ratio (Regular) | 0.68% | 2.56% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | Nifty 100 TRI | Nifty 50 Arbitrage TRI |
| Launch date | 24-02-2022 | 28-04-2026 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Paras Matalia, Shashi Kumar, Wilfred Gonsalves |
| Exit load | Nil | • 0.25% if redeemed within 30 Days from thedate of allotment. • Nil - if redeemed after 30 Days from the dateof allotment |
Bandhan Nifty 100 Index vs Groww Arbitrage: 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% | -- | -- |
| Groww Arbitrage Fund (Direct) | +0.60% | +1.45% | +3.08% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Bandhan Nifty 100 Index vs Groww Arbitrage: Year-wise Returns
| Year | Bandhan Nifty 100 IndexBandhan Nifty 100 Index | Groww ArbitrageGroww Arbitrage |
|---|---|---|
| 2026to date | −9.46% | -- |
| 2025 | +10.06% | -- |
| 2024 | +12.69% | -- |
| 2023 | +21.06% | -- |
Bandhan Nifty 100 Index vs Groww Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Bandhan Nifty 100 Index Fund
Bandhan Nifty 100 Index vs Groww Arbitrage: 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) | Groww Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.81% | +6.13% |
| Standard deviation | 13.41% | 2.14% |
| Sharpe ratio | 0.21 | 0.40 |
| Sortino ratio | 0.29 | 0.59 |
| Maximum drawdown | −17.3% (28-02-2025) | −0.6% (06-08-2026) |
| 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)
Groww Arbitrage 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) | −10.1% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.3% |
| Groww Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
| Nifty 100 TRI | −10.0% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.3% |
From daily values since 29-04-2026, the first day every fund has.
Bandhan Nifty 100 Index vs Groww Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; Groww Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 34.3%
- Held by both
- 27
- Only in Bandhan Nifty 100 Index
- 73
- Only in Groww Arbitrage
- 14
| Security | % of Bandhan Nifty 100 Index | % of Groww Arbitrage |
|---|---|---|
| ICICI Bank Limited | 7.80% | 8.50% |
| Reliance Industries Limited | 6.46% | 6.90% |
| HDFC Bank Limited | 8.13% | 6.35% |
| Bajaj Finance Limited | 2.12% | 2.38% |
| ITC Limited | 1.84% | 1.30% |
| Tata Steel Limited | 1.14% | 2.84% |
| Kotak Mahindra Bank Limited | 2.31% | 0.96% |
| Divi's Laboratories Limited | 0.90% | 4.94% |
| Adani Ports and Special Economic Zone Limited | 0.88% | 1.47% |
| Bharti Airtel Limited | 4.12% | 0.84% |
| Hindalco Industries Limited | 1.10% | 0.66% |
| State Bank of India | 3.28% | 0.52% |
| TVS Motor Company Limited | 0.76% | 0.52% |
| Adani Enterprises Limited | 0.62% | 0.52% |
| Tata Consumer Products Limited | 0.51% | 0.75% |
| Varun Beverages Limited | 0.41% | 0.87% |
| Solar Industries India Limited | 0.37% | 4.24% |
| Power Finance Corporation Limited | 0.37% | 2.01% |
| Bank of Baroda | 0.33% | 1.07% |
| Canara Bank | 0.32% | 5.79% |
| Hindustan Aeronautics Limited | 0.68% | 0.30% |
| UltraTech Cement Limited | 1.01% | 0.24% |
| Mahindra & Mahindra Limited | 2.19% | 0.17% |
| Sun Pharmaceutical Industries Limited | 1.57% | 0.09% |
| HDFC Life Insurance Company Limited | 0.44% | 0.08% |
| Hindustan Unilever Limited | 1.31% | 0.08% |
| Bajaj Finserv Limited | 0.88% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.3% means 34.3% 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 |
|---|---|
| Larsen & Toubro Limited | 3.54% |
| Infosys Limited | 2.98% |
| Axis Bank Limited | 2.80% |
| Tata Consultancy Services Limited | 1.83% |
| Eternal Limited | 1.78% |
Largest holdings only in Groww Arbitrage Fund
| Security | % of fund |
|---|---|
| Groww Mutual Fund | 22.19% |
| Life Insurance Corporation Of India | 6.75% |
| The Federal Bank Limited | 3.76% |
| Indus Towers Limited | 2.28% |
| Yes Bank Ltd | 1.40% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 100 Index | Groww Arbitrage |
|---|---|---|
| Equity | 101.5% | 73.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | -1.5% | 26.9% |
Market cap of stocks
| Market cap | Bandhan Nifty 100 Index | Groww Arbitrage |
|---|---|---|
| Large Cap | 97.9% | 63.5% |
| Mid Cap | 3.6% | 8.3% |
| Small Cap | 0.0% | 1.3% |
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 | Groww Arbitrage |
|---|---|---|
| Banks | 25.5% | 29.9% |
| Petroleum Products | 7.3% | 6.9% |
| IT - Software | 7.3% | 0.0% |
| Finance | 6.9% | 4.5% |
| Insurance | 1.0% | 6.8% |
| Automobiles | 6.8% | 0.7% |
| Pharmaceuticals & Biotechnology | 4.4% | 5.0% |
| Chemicals & Petrochemicals | 0.8% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 100 Index vs Groww Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 100 Index Fund | Groww Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.18% | 1.86% |
| Base expense ratio (Direct) | 0.08% | 0.21% |
| Total expense ratio (Regular) | 0.68% | 2.56% |
| Base expense ratio (Regular) | 0.51% | 0.83% |
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 Nifty 100 Index Fund vs Groww Arbitrage Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 100 Index Fund and Groww Arbitrage Fund?
Bandhan Nifty 100 Index Fund is an Index fund, Groww Arbitrage Fund is an Arbitrage fund, run by Bandhan Mutual Fund and Groww Mutual Fund. Their portfolios overlap 34.3%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Groww Arbitrage Fund 1.86%.
Which has the lower expense ratio, Bandhan Nifty 100 Index Fund or Groww Arbitrage Fund?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 1.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 100 Index Fund and Groww Arbitrage Fund overlap?
34.3%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty 100 Index Fund or Groww Arbitrage Fund?
On SEBI's riskometer, Bandhan Nifty 100 Index Fund is rated Very High and Groww Arbitrage Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 13.41% and 2.14% a year.
Can I invest in both Bandhan Nifty 100 Index Fund and Groww Arbitrage Fund?
Yes. 34.3% 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 Groww Arbitrage Fund?
Bandhan Nifty 100 Index Fund: Abhishek Jain. Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves.
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.