Bandhan Nifty 100 Index Fund vs Helios Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 100 Index Fund is an Index fund and Helios Arbitrage Fund is an Arbitrage fund. Bandhan Nifty 100 Index Fund charges 0.18% a year and Helios Arbitrage Fund 1.76% (Direct plans). Their portfolios overlap 38.1%: they hold 23 of the same securities.
Which is better, Bandhan Nifty 100 Index or Helios 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 1.76% (Direct plans).
- Helios Arbitrage fell less in its worst fall since 23-03-2026: −0.5% against −10.1%.
- Bandhan Nifty 100 Index holds more in large companies: 97.9% of the fund in large caps against 68.6%.
- Bandhan Nifty 100 Index is the larger fund: ₹266 Cr against ₹133 Cr.
- Their portfolios overlap 38.1%: 23 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 | Helios Arbitrage Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Helios Mutual Fund |
| Category | Index | Arbitrage |
| AUM | ₹266 Cr (31-08-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹14.41 (Direct) | ₹10.36 (Direct) |
| Expense ratio (Direct) | 0.18% | 1.76% |
| Expense ratio (Regular) | 0.68% | 2.28% |
| Riskometer | Very High | Low |
| Benchmark | Nifty 100 TRI | Nifty 50 Arbitrage TRI |
| Launch date | 24-02-2022 | 20-03-2026 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Alok Bahl, Pratik Singh |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 7 Days. |
Bandhan Nifty 100 Index vs Helios 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% | -- | -- |
| Helios Arbitrage Fund (Direct) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| 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 Helios Arbitrage: Year-wise Returns
| Year | Bandhan Nifty 100 IndexBandhan Nifty 100 Index | Helios ArbitrageHelios Arbitrage |
|---|---|---|
| 2026to date | −9.46% | -- |
| 2025 | +10.06% | -- |
| 2024 | +12.69% | -- |
| 2023 | +21.06% | -- |
Bandhan Nifty 100 Index vs Helios 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 Helios 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) | Helios Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.81% | +5.84% |
| Standard deviation | 13.41% | 1.99% |
| Sharpe ratio | 0.21 | 0.29 |
| Sortino ratio | 0.29 | 0.43 |
| Maximum drawdown | −17.3% (28-02-2025) | −0.5% (04-09-2026) |
| 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)
Helios 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% |
| Helios Arbitrage Fund (Direct) | −0.5% | 31-08-2026 | 04-09-2026 | 10-09-2026 | 6 days | −0.1% |
| Nifty 100 TRI | −10.0% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.3% |
From daily values since 23-03-2026, the first day every fund has.
Bandhan Nifty 100 Index vs Helios Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; Helios Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 38.1%
- Held by both
- 23
- Only in Bandhan Nifty 100 Index
- 77
- Only in Helios Arbitrage
- 12
| Security | % of Bandhan Nifty 100 Index | % of Helios Arbitrage |
|---|---|---|
| HDFC Bank Limited | 8.13% | 6.93% |
| Reliance Industries Limited | 6.46% | 5.80% |
| ICICI Bank Limited | 7.80% | 5.78% |
| Larsen & Toubro Limited | 3.54% | 3.51% |
| State Bank of India | 3.28% | 4.22% |
| Axis Bank Limited | 2.80% | 5.59% |
| Bharti Airtel Limited | 4.12% | 1.95% |
| Tata Steel Limited | 1.14% | 4.77% |
| Hindalco Industries Limited | 1.10% | 1.74% |
| Eicher Motors Limited | 0.82% | 4.36% |
| Bajaj Finance Limited | 2.12% | 0.65% |
| Jio Financial Services Limited | 0.59% | 1.80% |
| Cipla Limited | 0.59% | 1.20% |
| Asian Paints Limited | 0.90% | 0.41% |
| HDFC Asset Management Company Limited | 0.40% | 1.24% |
| Power Finance Corporation Limited | 0.37% | 0.64% |
| Bank of Baroda | 0.33% | 2.13% |
| Jindal Steel Limited | 0.33% | 2.72% |
| Canara Bank | 0.32% | 3.64% |
| Punjab National Bank | 0.29% | 0.95% |
| Union Bank of India | 0.27% | 0.68% |
| Muthoot Finance Limited | 0.24% | 1.36% |
| Maruti Suzuki India Limited | 1.32% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.1% means 38.1% 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 |
|---|---|
| Infosys Limited | 2.98% |
| Kotak Mahindra Bank Limited | 2.31% |
| Mahindra & Mahindra Limited | 2.19% |
| ITC Limited | 1.84% |
| Tata Consultancy Services Limited | 1.83% |
Largest holdings only in Helios Arbitrage Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation of India | 5.58% |
| 364 DAY T-BILL 28.01.27 | 3.69% |
| 364 DAY T-BILL 11.03.27 | 3.67% |
| 364 DAY T-BILL 13.05.27 | 3.63% |
| 364 DAY T-BILL 06.05.27 | 3.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 100 Index | Helios Arbitrage |
|---|---|---|
| Equity | 101.5% | 75.3% |
| Debt | 0.0% | 21.8% |
| Cash and others | -1.5% | 2.9% |
Market cap of stocks
| Market cap | Bandhan Nifty 100 Index | Helios Arbitrage |
|---|---|---|
| Large Cap | 97.9% | 68.6% |
| Mid Cap | 3.6% | 5.1% |
| Small Cap | 0.0% | 1.6% |
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 | Helios Arbitrage |
|---|---|---|
| Banks | 25.5% | 31.1% |
| Ferrous Metals | 2.4% | 7.5% |
| Petroleum Products | 7.3% | 5.8% |
| IT - Software | 7.3% | 0.0% |
| Finance | 6.9% | 4.5% |
| Automobiles | 6.8% | 4.5% |
| Insurance | 1.0% | 5.6% |
| Pharmaceuticals & Biotechnology | 4.4% | 1.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 100 Index vs Helios Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 100 Index Fund | Helios Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.18% | 1.76% |
| Base expense ratio (Direct) | 0.08% | 0.42% |
| Total expense ratio (Regular) | 0.68% | 2.28% |
| Base expense ratio (Regular) | 0.51% | 0.87% |
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 Helios Arbitrage Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 100 Index Fund and Helios Arbitrage Fund?
Bandhan Nifty 100 Index Fund is an Index fund, Helios Arbitrage Fund is an Arbitrage fund, run by Bandhan Mutual Fund and Helios Mutual Fund. Their portfolios overlap 38.1%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Helios Arbitrage Fund 1.76%.
Which has the lower expense ratio, Bandhan Nifty 100 Index Fund or Helios Arbitrage Fund?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 1.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 100 Index Fund and Helios Arbitrage Fund overlap?
38.1%. They hold 23 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty 100 Index Fund or Helios Arbitrage Fund?
On SEBI's riskometer, Bandhan Nifty 100 Index Fund is rated Very High and Helios Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 13.41% and 1.99% a year.
Can I invest in both Bandhan Nifty 100 Index Fund and Helios Arbitrage Fund?
Yes. 38.1% 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 Helios Arbitrage Fund?
Bandhan Nifty 100 Index Fund: Abhishek Jain. Helios Arbitrage Fund: Alok Bahl, Pratik Singh.
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.