Bandhan Nifty 100 Index Fund vs Nippon India ETF Nifty 100
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 100 Index Fund is an Index fund and Nippon India ETF Nifty 100 is a mutual fund. In the 3 years to 30-10-2026, Bandhan Nifty 100 Index Fund (Direct) returned 8.9% a year and Nippon India ETF Nifty 100 (Direct) returned 8.5% a year. Bandhan Nifty 100 Index Fund charges 0.18% a year and Nippon India ETF Nifty 100 0.52% (Direct plans). Their portfolios overlap 96.2%: they hold 95 of the same securities.
Bandhan Nifty 100 Index Fund
Index
- 3 year return
- 8.9%
- Expense ratio
- 0.18%
- NAV
- ₹14.41
Nippon India ETF Nifty 100
- 3 year return
- 8.5%
- Expense ratio
- 0.52%
- NAV
- ₹254.51
Which is better, Bandhan Nifty 100 Index or Nippon India ETF Nifty 100? 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 returned more over 3 years: 8.9% a year against 8.5%.
- Bandhan Nifty 100 Index returned more over 1 year: −8.8% against −9.2%.
- Bandhan Nifty 100 Index costs less: 0.18% a year against 0.52% (Direct plans).
- Bandhan Nifty 100 Index swung less over 3 years: a standard deviation of 13.6% a year against 13.7%.
- Bandhan Nifty 100 Index fell less in its worst fall since 25-02-2022: −17.3% against −17.4%.
- Nippon India ETF Nifty 100 is the larger fund: ₹336 Cr against ₹266 Cr.
- Their portfolios overlap 96.2%: 95 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 | Nippon India ETF Nifty 100 |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹266 Cr (31-08-2026) | ₹336 Cr (30-09-2026) |
| NAV | ₹14.41 (Direct) | ₹254.51 (Direct) |
| Expense ratio (Direct) | 0.18% | 0.52% |
| Expense ratio (Regular) | 0.68% | Not available |
| 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 Nippon India ETF Nifty 100: 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% | -- | -- |
| Nippon India ETF Nifty 100 (Direct) | +1.00% | −5.42% | −3.21% | −9.15% | +8.51% | +6.66% | +10.87% |
Bandhan Nifty 100 Index vs Nippon India ETF Nifty 100: Year-wise Returns
| Year | Bandhan Nifty 100 IndexBandhan Nifty 100 Index | Nippon India ETF Nifty 100Nippon India ETF Nifty 100 | Nifty 100 TRI |
|---|---|---|---|
| 2026to date | −9.46% | −9.70% | −9.32% |
| 2025 | +10.06% | +9.67% | +10.24% |
| 2024 | +12.69% | +12.32% | +12.95% |
| 2023 | +21.06% | +20.63% | +21.24% |
| 2022 | -- | +4.38% | +4.94% |
| 2021 | -- | +25.74% | +26.45% |
Bandhan Nifty 100 Index vs Nippon India ETF Nifty 100: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 418 of them, one for each trading day from 25-02-2025 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.
Bandhan Nifty 100 Index Fund (Direct)
Nippon India ETF Nifty 100 (Direct)
Nifty 100 TRI
to
Apr 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 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 | 0.0 | 0.0 | 13.2 | 65.6 | 21.3 | 0.0 | 0.0 | 13.0% | 13.3% | 6.9% | 19.3% | 0% |
| Nippon India ETF Nifty 100 | 0.0 | 0.0 | 15.7 | 68.5 | 15.7 | 0.0 | 0.0 | 12.6% | 12.9% | 6.5% | 18.9% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 11.0 | 65.1 | 23.9 | 0.0 | 0.0 | 13.2% | 13.5% | 7.1% | 19.6% | -- |
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 25-02-2022. Past returns do not promise future returns.
Bandhan Nifty 100 Index vs Nippon India ETF Nifty 100: 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 25-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct) | ₹5,70,000 | ₹6,51,743 | ₹81,743 | 5.6% |
| Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (Direct) | ₹5,70,000 | ₹6,45,308 | ₹75,308 | 5.2% |
Bandhan Nifty 100 IndexBandhan Nifty 100 Index Fund (Direct)
Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (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 Nippon India ETF Nifty 100: 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) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | −8.85% | −9.15% |
| Standard deviation | 13.89% | 14.03% |
| Sharpe ratio | -1.02 | -1.03 |
| Sortino ratio | -1.35 | -1.36 |
| Maximum drawdown | −14.9% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.17% | −0.48% |
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) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | +8.87% | +8.51% |
| Standard deviation | 13.64% | 13.68% |
| Sharpe ratio | 0.21 | 0.18 |
| Sortino ratio | 0.29 | 0.25 |
| Maximum drawdown | −17.3% (28-02-2025) | −17.4% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.21% | −0.57% |
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) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | +8.81% | +11.89% |
| Standard deviation | 13.41% | 15.82% |
| Sharpe ratio | 0.21 | 0.37 |
| Sortino ratio | 0.29 | 0.51 |
| Maximum drawdown | −17.3% (28-02-2025) | −38.1% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.20% | −0.83% |
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)
Nippon India ETF Nifty 100 (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% |
| Nippon India ETF Nifty 100 (Direct) | −17.4% | 26-09-2024 | 28-02-2025 | Not yet | -- | −11.0% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 25-02-2022, 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 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)
Nippon India ETF Nifty 100 (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)
Nippon India ETF Nifty 100 (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 100 Index Fund (Direct) | 99% | 100% | 0.06% |
| Nippon India ETF Nifty 100 (Direct) | 99% | 101% | 0.04% |
From month-end values since 25-02-2022. 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 Nippon India ETF Nifty 100: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 100 Index Fund, August 2026; Nippon India ETF Nifty 100, September 2026
Holdings in common
- Overlap
- 96.2%
- Held by both
- 95
- Only in Bandhan Nifty 100 Index
- 5
- Only in Nippon India ETF Nifty 100
- 5
| Security | % of Bandhan Nifty 100 Index | % of Nippon India ETF Nifty 100 |
|---|---|---|
| HDFC Bank Limited | 8.13% | 8.41% |
| ICICI Bank Limited | 7.80% | 7.33% |
| Reliance Industries Limited | 6.46% | 6.14% |
| Bharti Airtel Limited | 4.12% | 4.13% |
| Larsen & Toubro Limited | 3.54% | 3.41% |
| State Bank of India | 3.28% | 3.07% |
| Axis Bank Limited | 2.80% | 2.73% |
| Infosys Limited | 2.98% | 2.72% |
| Kotak Mahindra Bank Limited | 2.31% | 2.38% |
| Mahindra & Mahindra Limited | 2.19% | 2.04% |
| Bajaj Finance Limited | 2.12% | 2.03% |
| ITC Limited | 1.84% | 1.96% |
| Eternal Limited | 1.78% | 1.79% |
| Tata Consultancy Services Limited | 1.83% | 1.62% |
| Sun Pharmaceutical Industries Limited | 1.57% | 1.49% |
| Titan Company Limited | 1.58% | 1.47% |
| Hindustan Unilever Limited | 1.31% | 1.29% |
| Maruti Suzuki India Limited | 1.32% | 1.20% |
| NTPC Limited | 1.16% | 1.19% |
| Tata Steel Limited | 1.14% | 1.18% |
| Bharat Electronics Limited | 1.11% | 1.08% |
| Shriram Finance Limited | 1.16% | 1.07% |
| Hindalco Industries Limited | 1.10% | 1.06% |
| HCL Technologies Limited | 1.04% | 1.00% |
| UltraTech Cement Limited | 1.01% | 1.00% |
| Bajaj Auto Limited | 1.01% | 0.92% |
| JSW Steel Limited | 0.92% | 0.93% |
| Divi's Laboratories Limited | 0.90% | 0.91% |
| Grasim Industries Limited | 0.95% | 0.89% |
| Power Grid Corporation of India Limited | 0.89% | 0.91% |
| Adani Ports and Special Economic Zone Limited | 0.88% | 1.09% |
| InterGlobe Aviation Limited | 0.89% | 0.87% |
| Asian Paints Limited | 0.90% | 0.84% |
| Bajaj Finserv Limited | 0.88% | 0.78% |
| Eicher Motors Limited | 0.82% | 0.76% |
| Tech Mahindra Limited | 0.77% | 0.75% |
| TVS Motor Company Limited | 0.76% | 0.75% |
| Nestle India Limited | 0.80% | 0.73% |
| Coal India Limited | 0.72% | 0.79% |
| Tata Motors Ltd | 0.74% | 0.68% |
| Hindustan Aeronautics Limited | 0.68% | 0.69% |
| Trent Limited | 0.72% | 0.67% |
| Oil & Natural Gas Corporation Limited | 0.67% | 0.68% |
| Apollo Hospitals Enterprise Limited | 0.69% | 0.65% |
| Adani Power Limited | 0.62% | 0.66% |
| Adani Enterprises Limited | 0.62% | 0.76% |
| SBI Life Insurance Company Limited | 0.59% | 0.59% |
| Cipla Limited | 0.59% | 0.59% |
| Samvardhana Motherson International Limited | 0.56% | 0.56% |
| Jio Financial Services Limited | 0.59% | 0.55% |
| Torrent Pharmaceuticals Limited | 0.56% | 0.55% |
| Cholamandalam Investment and Finance Company Ltd | 0.60% | 0.54% |
| Max Healthcare Institute Limited | 0.58% | 0.54% |
| Dr. Reddy's Laboratories Limited | 0.53% | 0.58% |
| Cummins India Limited | 0.52% | 0.50% |
| Tata Consumer Products Limited | 0.51% | 0.48% |
| Bharat Petroleum Corporation Limited | 0.49% | 0.47% |
| Avenue Supermarts Limited | 0.47% | 0.47% |
| Tata Motors Passenger Vehicles Limited | 0.48% | 0.46% |
| CG Power and Industrial Solutions Limited | 0.47% | 0.45% |
| Britannia Industries Limited | 0.46% | 0.44% |
| HDFC Life Insurance Company Limited | 0.44% | 0.43% |
| Tata Power Company Limited | 0.43% | 0.47% |
| Varun Beverages Limited | 0.41% | 0.46% |
| Indian Oil Corporation Limited | 0.39% | 0.39% |
| Solar Industries India Limited | 0.37% | 0.37% |
| Power Finance Corporation Limited | 0.37% | 0.37% |
| HDFC Asset Management Company Limited | 0.40% | 0.36% |
| Bajaj Holdings & Investment Limited | 0.38% | 0.36% |
| GAIL (India) Limited | 0.36% | 0.36% |
| Pidilite Industries Limited | 0.39% | 0.35% |
| Vedanta Limited | 0.35% | 0.35% |
| Wipro Limited | 0.37% | 0.33% |
| Adani Energy Solutions Limited | 0.35% | 0.33% |
| Bank of Baroda | 0.33% | 0.33% |
| DLF Limited | 0.33% | 0.33% |
| Jindal Steel Limited | 0.33% | 0.33% |
| Bosch Limited | 0.33% | 0.32% |
| Canara Bank | 0.32% | 0.31% |
| Adani Green Energy Limited | 0.30% | 0.33% |
| LTM Limited | 0.32% | 0.29% |
| Punjab National Bank | 0.29% | 0.30% |
| ABB India Limited | 0.30% | 0.28% |
| Union Bank of India | 0.27% | 0.26% |
| Godrej Consumer Products Limited | 0.27% | 0.26% |
| Siemens Limited | 0.27% | 0.25% |
| Muthoot Finance Limited | 0.24% | 0.23% |
| Hyundai Motor India Ltd | 0.24% | 0.22% |
| Zydus Lifesciences Limited | 0.22% | 0.22% |
| Hindustan Zinc Limited | 0.21% | 0.21% |
| Siemens Energy India Limited | 0.21% | 0.22% |
| Ambuja Cements Limited | 0.19% | 0.18% |
| Tata Capital Limited | 0.14% | 0.14% |
| Indian Railway Finance Corporation Limited | 0.13% | 0.14% |
| Mazagon Dock Shipbuilders Limited | 0.14% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 96.2% means 96.2% 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 |
|---|---|
| The Indian Hotels Company Limited | 0.49% |
| United Spirits Limited | 0.33% |
| REC Limited | 0.30% |
| Lodha Developers Limited | 0.25% |
| Shree Cement Limited | 0.23% |
Largest holdings only in Nippon India ETF Nifty 100
| Security | % of fund |
|---|---|
| BSE Limited | 0.98% |
| Vedanta Aluminium Metal Limited | 0.54% |
| Polycab India Limited | 0.33% |
| Hitachi Energy India Limited | 0.30% |
| Vodafone Idea Limited | 0.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 100 Index | Nippon India ETF Nifty 100 |
|---|---|---|
| Equity | 101.5% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -1.5% | 0.1% |
Market cap of stocks
| Market cap | Bandhan Nifty 100 Index | Nippon India ETF Nifty 100 |
|---|---|---|
| Large Cap | 97.9% | 97.9% |
| Mid Cap | 3.6% | 2.0% |
| Small Cap | 0.0% | 0.0% |
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 | Nippon India ETF Nifty 100 |
|---|---|---|
| Banks | 25.5% | 25.1% |
| Petroleum Products | 7.3% | 7.0% |
| IT - Software | 7.3% | 6.7% |
| Finance | 6.9% | 6.2% |
| Automobiles | 6.8% | 6.3% |
| Telecom - Services | 4.1% | 4.4% |
| Pharmaceuticals & Biotechnology | 4.4% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 100 Index vs Nippon India ETF Nifty 100: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 100 Index Fund | Nippon India ETF Nifty 100 |
|---|---|---|
| Total expense ratio (Direct) | 0.18% | 0.52% |
| Base expense ratio (Direct) | 0.08% | 0.43% |
| Total expense ratio (Regular) | 0.68% | Not available |
| Base expense ratio (Regular) | 0.51% | 0.00% |
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 Nippon India ETF Nifty 100: Frequently Asked Questions
What is the difference between Bandhan Nifty 100 Index Fund and Nippon India ETF Nifty 100?
Bandhan Nifty 100 Index Fund is an Index fund, Nippon India ETF Nifty 100 is a mutual fund, run by Bandhan Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 96.2%. Bandhan Nifty 100 Index Fund charges 0.18% a year and Nippon India ETF Nifty 100 0.52%.
Which has given higher returns, Bandhan Nifty 100 Index Fund or Nippon India ETF Nifty 100?
Over 1 year: Bandhan Nifty 100 Index Fund −8.85%, Nippon India ETF Nifty 100 −9.15%. Over 3 years: Bandhan Nifty 100 Index Fund +8.87% a year, Nippon India ETF Nifty 100 +8.51% 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 Nippon India ETF Nifty 100?
Bandhan Nifty 100 Index Fund charges less: 0.18% a year against 0.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 100 Index Fund and Nippon India ETF Nifty 100 overlap?
96.2%. They hold 95 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Bandhan Nifty 100 Index Fund or Nippon India ETF Nifty 100?
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 ₹3,70,236 in Nippon India ETF Nifty 100 (XIRR 0.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty 100 Index Fund and Nippon India ETF Nifty 100?
Yes. 96.2% of each fund's money sits in the same holdings, so a large part 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.