Bandhan Nifty 50 Index Fund vs HDFC Retirement Fund - Equity Plan
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 50 Index Fund is an Index fund and HDFC Retirement Fund - Equity Plan is a Solution fund. In the 3 years to 30-10-2026, Bandhan Nifty 50 Index Fund (Direct) returned 7.4% a year and HDFC Retirement Fund - Equity Plan (Direct) returned 9.3% a year. Bandhan Nifty 50 Index Fund charges 0.16% a year and HDFC Retirement Fund - Equity Plan 0.92% (Direct plans). Their portfolios overlap 51.3%: they hold 23 of the same securities.
Bandhan Nifty 50 Index Fund
Index
- 3 year return
- 7.4%
- Expense ratio
- 0.16%
- NAV
- ₹51.67
HDFC Retirement Fund - Equity Plan
Solution
- 3 year return
- 9.3%
- Expense ratio
- 0.92%
- NAV
- ₹53.62
Which is better, Bandhan Nifty 50 Index or HDFC Retirement Fund - Equity Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Retirement Fund - Equity Plan returned more over 5 years: 11.2% a year against 6.5%.
- HDFC Retirement Fund - Equity Plan returned more over 3 years: 9.3% a year against 7.4%.
- Bandhan Nifty 50 Index costs less: 0.16% a year against 0.92% (Direct plans).
- HDFC Retirement Fund - Equity Plan swung less over 3 years: a standard deviation of 12.2% a year against 13.2%.
- HDFC Retirement Fund - Equity Plan fell less in its worst fall since 26-02-2016: −34.9% against −37.6%.
- Bandhan Nifty 50 Index holds more in large companies: 98.5% of the fund in large caps against 62.6%.
- HDFC Retirement Fund - Equity Plan is the larger fund: ₹6,645 Cr against ₹2,813 Cr.
- Their portfolios overlap 51.3%: 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 50 Index Fund | HDFC Retirement Fund - Equity Plan |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Category | Index | Solution |
| AUM | ₹2,813 Cr (31-08-2026) | ₹6,645 Cr (30-09-2026) |
| NAV | ₹51.67 (Direct) | ₹53.62 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.92% |
| Expense ratio (Regular) | 0.66% | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 500 TRI |
| Launch date | 30-04-2010 | 25-02-2016 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Abhishek Jain | Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal |
| Exit load | Nil | Fresh investments by investors including SIP / STP registrations, etc effective June 2, 2018: Exit Load (Upon completion of lock-in period): Nil Existing investments by investors including SIP / STP registrations, etc until June 1, 2018: Exit Load (Upon completion of lock-in period of 5 years) In respect of each purchase/switch-in of units offered under the respective Investment Plan(s) • An Exit Load of 1% is payable if Units are redeemed/ switched-out before completion of 60 years of age • No Exit Load is payable if Units are redeemed / switched-out on or after attainment of 60 years of age. |
Bandhan Nifty 50 Index vs HDFC Retirement Fund - Equity Plan: 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 50 Index Fund (Direct) | +1.94% | −5.04% | −3.19% | −10.13% | +7.41% | +6.55% | +11.43% |
| HDFC Retirement Fund - Equity Plan (Direct) | +0.66% | −4.79% | −2.05% | −9.12% | +9.31% | +11.19% | +14.67% |
Bandhan Nifty 50 Index vs HDFC Retirement Fund - Equity Plan: Year-wise Returns
| Year | Bandhan Nifty 50 IndexBandhan Nifty 50 Index | HDFC Retirement Fund - Equity PlanHDFC Retirement Fund - Equity Plan |
|---|---|---|
| 2026to date | −11.02% | −9.06% |
| 2025 | +11.73% | +6.24% |
| 2024 | +9.74% | +19.33% |
| 2023 | +21.09% | +34.15% |
| 2022 | +5.76% | +9.95% |
| 2021 | +25.00% | +44.27% |
Bandhan Nifty 50 Index vs HDFC Retirement Fund - Equity Plan: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Bandhan Nifty 50 Index Fund
Rolling returns
Every 3-year holding period, 1,898 of them, one for each trading day from 26-02-2019 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 50 Index Fund (Direct)
HDFC Retirement Fund - Equity Plan (Direct)
Nifty 50 TRI
to
Oct 2019Jan 2018
to
Jan 2021May 2019
to
May 2022Sept 2020
to
Sept 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 50 Index | 1.0 | 4.2 | 13.3 | 41.0 | 31.6 | 6.5 | 2.5 | 13.9% | 14.3% | −4.4% | 31.8% | 1% |
| HDFC Retirement Fund - Equity Plan | 2.4 | 6.5 | 8.7 | 14.8 | 21.2 | 27.1 | 19.3 | 18.4% | 19.5% | −4.6% | 40.7% | 76% |
| Nifty 50 TRI | 0.9 | 4.0 | 12.8 | 39.0 | 33.9 | 6.8 | 2.6 | 14.1% | 14.5% | −4.5% | 32.4% | -- |
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 50 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 26-02-2016. Past returns do not promise future returns.
Bandhan Nifty 50 Index vs HDFC Retirement Fund - Equity Plan: 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 01-02-2016 to 30-10-2026: 129 instalments, ₹12,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 50 IndexBandhan Nifty 50 Index Fund (Direct) | ₹12,90,000 | ₹23,21,820 | ₹10,31,820 | 10.5% |
| HDFC Retirement Fund - Equity PlanHDFC Retirement Fund - Equity Plan (Direct) | ₹12,90,000 | ₹29,76,443 | ₹16,86,443 | 14.8% |
Bandhan Nifty 50 IndexBandhan Nifty 50 Index Fund (Direct)
HDFC Retirement Fund - Equity PlanHDFC Retirement Fund - Equity Plan (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 50 Index vs HDFC Retirement Fund - Equity Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty 50 Index Fund (Direct) | HDFC Retirement Fund - Equity Plan (Direct) |
|---|---|---|
| Return (CAGR) | −10.13% | −9.12% |
| Standard deviation | 13.61% | 12.70% |
| Sharpe ratio | -1.13 | -1.13 |
| Sortino ratio | -1.51 | -1.49 |
| Maximum drawdown | −15.1% (30-03-2026) | −14.0% (31-03-2026) |
| Beta | 1.00 | 0.86 |
| Alpha | −0.15% | −3.52% |
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 50 Index Fund (Direct) | HDFC Retirement Fund - Equity Plan (Direct) |
|---|---|---|
| Return (CAGR) | +7.41% | +9.31% |
| Standard deviation | 13.19% | 12.19% |
| Sharpe ratio | 0.10 | 0.27 |
| Sortino ratio | 0.15 | 0.37 |
| Maximum drawdown | −15.5% (04-03-2025) | −16.1% (03-03-2025) |
| Beta | 1.00 | 0.84 |
| Alpha | −0.22% | −0.22% |
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 50 Index Fund (Direct) | HDFC Retirement Fund - Equity Plan (Direct) |
|---|---|---|
| Return (CAGR) | +6.55% | +11.19% |
| Standard deviation | 13.65% | 12.38% |
| Sharpe ratio | 0.05 | 0.44 |
| Sortino ratio | 0.08 | 0.59 |
| Maximum drawdown | −15.7% (17-06-2022) | −16.1% (03-03-2025) |
| Beta | 1.00 | 0.84 |
| Alpha | −0.15% | +2.87% |
From daily NAVs, 29-10-2021 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 50 Index Fund (Direct) | HDFC Retirement Fund - Equity Plan (Direct) |
|---|---|---|
| Return (CAGR) | +11.31% | +17.04% |
| Standard deviation | 15.72% | 13.80% |
| Sharpe ratio | 0.34 | 0.84 |
| Sortino ratio | 0.46 | 1.13 |
| Maximum drawdown | −37.6% (23-03-2020) | −34.9% (23-03-2020) |
| Beta | 0.99 | 0.84 |
| Alpha | −0.21% | +4.02% |
From daily NAVs, 02-01-2013 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 50 Index Fund (Direct)
HDFC Retirement Fund - Equity Plan (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty 50 Index Fund (Direct) | −37.6% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.7% |
| HDFC Retirement Fund - Equity Plan (Direct) | −34.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.0% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 26-02-2016, 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 50 Index Fund (Direct)
HDFC Retirement Fund - Equity Plan (Direct)
Nifty 50 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 50 Index Fund (Direct)
HDFC Retirement Fund - Equity Plan (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Nifty 50 Index Fund (Direct)
HDFC Retirement Fund - Equity Plan (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 50 Index Fund (Direct) | 99% | 100% | 0.27% |
| HDFC Retirement Fund - Equity Plan (Direct) | 99% | 75% | 5.88% |
From month-end values since 26-02-2016. 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 50 Index vs HDFC Retirement Fund - Equity Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 50 Index Fund, August 2026; HDFC Retirement Fund - Equity Plan, September 2026
Holdings in common
- Overlap
- 51.3%
- Held by both
- 23
- Only in Bandhan Nifty 50 Index
- 27
- Only in HDFC Retirement Fund - Equity Plan
- 50
| Security | % of Bandhan Nifty 50 Index | % of HDFC Retirement Fund - Equity Plan |
|---|---|---|
| ICICI Bank Limited | 9.44% | 7.36% |
| HDFC Bank Limited | 9.84% | 6.93% |
| Reliance Industries Limited | 7.82% | 4.64% |
| Axis Bank Limited | 3.38% | 4.43% |
| State Bank of India | 3.97% | 2.89% |
| Kotak Mahindra Bank Limited | 2.80% | 4.39% |
| Bharti Airtel Limited | 4.99% | 2.64% |
| Larsen & Toubro Limited | 4.29% | 2.26% |
| Infosys Limited | 3.60% | 2.24% |
| Tata Consultancy Services Limited | 2.22% | 2.16% |
| Maruti Suzuki India Limited | 1.60% | 2.85% |
| Eternal Limited | 2.15% | 1.44% |
| ITC Limited | 2.23% | 1.30% |
| HCL Technologies Limited | 1.25% | 1.85% |
| NTPC Limited | 1.41% | 1.21% |
| Power Grid Corporation of India Limited | 1.08% | 1.76% |
| InterGlobe Aviation Limited | 1.07% | 1.88% |
| Eicher Motors Limited | 0.99% | 1.61% |
| Bajaj Auto Limited | 1.22% | 0.98% |
| Tata Steel Limited | 1.38% | 0.97% |
| Apollo Hospitals Enterprise Limited | 0.83% | 0.92% |
| Cipla Limited | 0.72% | 0.76% |
| HDFC Life Insurance Company Limited | 0.53% | 1.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.3% means 51.3% 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 50 Index Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.66% |
| Bajaj Finance Limited | 2.57% |
| Titan Company Limited | 1.91% |
| Sun Pharmaceutical Industries Limited | 1.90% |
| Hindustan Unilever Limited | 1.58% |
Largest holdings only in HDFC Retirement Fund - Equity Plan
| Security | % of fund |
|---|---|
| Dr. Lal Path Labs Ltd | 2.09% |
| ICICI Lombard General Insurance Co | 1.68% |
| Alkem Laboratories Ltd. | 1.24% |
| Max Financial Services Ltd. | 1.24% |
| United Spirits Limited | 1.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 50 Index | HDFC Retirement Fund - Equity Plan |
|---|---|---|
| Equity | 99.9% | 93.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 6.7% |
Market cap of stocks
| Market cap | Bandhan Nifty 50 Index | HDFC Retirement Fund - Equity Plan |
|---|---|---|
| Large Cap | 98.5% | 62.6% |
| Mid Cap | 1.3% | 9.9% |
| Small Cap | 0.0% | 20.3% |
| Not on AMFI's list | 0.0% | 0.6% |
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 50 Index | HDFC Retirement Fund - Equity Plan |
|---|---|---|
| Banks | 29.4% | 26.4% |
| IT - Software | 8.5% | 6.8% |
| Petroleum Products | 7.8% | 5.5% |
| Automobiles | 7.0% | 6.4% |
| Transport Services | 1.1% | 5.8% |
| Finance | 5.8% | 2.1% |
| Telecom - Services | 5.0% | 2.6% |
| Insurance | 1.2% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 50 Index vs HDFC Retirement Fund - Equity Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 50 Index Fund | HDFC Retirement Fund - Equity Plan |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.92% |
| Base expense ratio (Direct) | 0.08% | 0.74% |
| Total expense ratio (Regular) | 0.66% | 1.87% |
| Base expense ratio (Regular) | 0.51% | 1.55% |
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 50 Index Fund vs HDFC Retirement Fund - Equity Plan: Frequently Asked Questions
What is the difference between Bandhan Nifty 50 Index Fund and HDFC Retirement Fund - Equity Plan?
Bandhan Nifty 50 Index Fund is an Index fund, HDFC Retirement Fund - Equity Plan is a Solution fund, run by Bandhan Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 51.3%. Bandhan Nifty 50 Index Fund charges 0.16% a year and HDFC Retirement Fund - Equity Plan 0.92%.
Which has given higher returns, Bandhan Nifty 50 Index Fund or HDFC Retirement Fund - Equity Plan?
Over 1 year: Bandhan Nifty 50 Index Fund −10.13%, HDFC Retirement Fund - Equity Plan −9.12%. Over 3 years: Bandhan Nifty 50 Index Fund +7.41% a year, HDFC Retirement Fund - Equity Plan +9.31% a year. Over 5 years: Bandhan Nifty 50 Index Fund +6.55% a year, HDFC Retirement Fund - Equity Plan +11.19% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty 50 Index Fund or HDFC Retirement Fund - Equity Plan?
Bandhan Nifty 50 Index Fund charges less: 0.16% a year against 0.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 50 Index Fund and HDFC Retirement Fund - Equity Plan overlap?
51.3%. They hold 23 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty 50 Index Fund or HDFC Retirement Fund - Equity Plan?
On SEBI's riskometer, Bandhan Nifty 50 Index Fund is rated Very High and HDFC Retirement Fund - Equity Plan Very High. Over 3 years, the standard deviation of daily returns was 13.19% and 12.19% a year.
Which is better for SIP, Bandhan Nifty 50 Index Fund or HDFC Retirement Fund - Equity Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,93,921 in Bandhan Nifty 50 Index Fund (XIRR 5.0% a year) and ₹7,55,806 in HDFC Retirement Fund - Equity Plan (XIRR 8.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty 50 Index Fund and HDFC Retirement Fund - Equity Plan?
Yes. 51.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty 50 Index Fund and HDFC Retirement Fund - Equity Plan?
Bandhan Nifty 50 Index Fund: Abhishek Jain. HDFC Retirement Fund - Equity Plan: Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal.
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.