Bandhan Nifty 50 Index Fund vs ICICI Prudential Equity Minimum Variance Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 50 Index Fund is an Index fund and ICICI Prudential Equity Minimum Variance Fund is a Thematic fund. In the year to 30-10-2026, Bandhan Nifty 50 Index Fund (Direct) returned −10.1% and ICICI Prudential Equity Minimum Variance Fund (Direct) returned −6.4%. Bandhan Nifty 50 Index Fund charges 0.16% a year and ICICI Prudential Equity Minimum Variance Fund 1.86% (Direct plans). Their portfolios overlap 50.6%: they hold 26 of the same securities.
Bandhan Nifty 50 Index Fund
Index
- 1 year return
- −10.1%
- Expense ratio
- 0.16%
- NAV
- ₹51.67
ICICI Prudential Equity Minimum Variance Fund
Thematic
- 1 year return
- −6.4%
- Expense ratio
- 1.86%
- NAV
- ₹10.28
Which is better, Bandhan Nifty 50 Index or ICICI Prudential Equity Minimum Variance? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Equity Minimum Variance returned more over 1 year: −6.4% against −10.1%.
- Bandhan Nifty 50 Index costs less: 0.16% a year against 1.86% (Direct plans).
- ICICI Prudential Equity Minimum Variance fell less in its worst fall since 09-12-2024: −14.0% against −15.1%.
- Bandhan Nifty 50 Index is the larger fund: ₹2,813 Cr against ₹2,451 Cr.
- Their portfolios overlap 50.6%: 26 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 | ICICI Prudential Equity Minimum Variance Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹2,813 Cr (31-08-2026) | ₹2,451 Cr (30-09-2026) |
| NAV | ₹51.67 (Direct) | ₹10.28 (Direct) |
| Expense ratio (Direct) | 0.16% | 1.86% |
| Expense ratio (Regular) | 0.66% | 2.89% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 50 TRI | Nifty 50 TRI |
| Launch date | 30-04-2010 | 06-12-2024 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Aatur Shah, Nitya Mishra |
| Exit load | Nil | Exit load of 1% if redeemed within 1 month. |
Bandhan Nifty 50 Index vs ICICI Prudential Equity Minimum Variance: 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% |
| ICICI Prudential Equity Minimum Variance Fund (Direct) | +0.49% | −4.73% | −2.93% | −6.38% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bandhan Nifty 50 Index vs ICICI Prudential Equity Minimum Variance: Year-wise Returns
| Year | Bandhan Nifty 50 IndexBandhan Nifty 50 Index | ICICI Prudential Equity Minimum VarianceICICI Prudential Equity Minimum Variance | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | −11.02% | −8.46% | −10.91% |
| 2025 | +11.73% | +14.36% | +11.88% |
| 2024 | +9.74% | -- | +10.09% |
| 2023 | +21.09% | -- | +21.30% |
| 2022 | +5.76% | -- | +5.69% |
| 2021 | +25.00% | -- | +25.59% |
Bandhan Nifty 50 Index vs ICICI Prudential Equity Minimum Variance: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 222 of them, one for each trading day from 09-12-2025 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 50 Index Fund (Direct)
ICICI Prudential Equity Minimum Variance Fund (Direct)
Nifty 50 TRI
to
Jan 2026Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 50 Index | 54.5 | 12.2 | 12.6 | 20.7 | 0.0 | 0.0 | 0.0 | 1.1% | −1.0% | −11.9% | 14.9% | 0% |
| ICICI Prudential Equity Minimum Variance | 21.9 | 41.1 | 8.7 | 21.5 | 6.8 | 0.0 | 0.0 | 4.5% | 2.3% | −8.2% | 17.4% | 100% |
| Nifty 50 TRI | 54.1 | 12.2 | 13.1 | 20.3 | 0.5 | 0.0 | 0.0 | 1.3% | −0.8% | −11.8% | 15.1% | -- |
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 09-12-2024. Past returns do not promise future returns.
Bandhan Nifty 50 Index vs ICICI Prudential Equity Minimum Variance: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 50 IndexBandhan Nifty 50 Index Fund (Direct) | ₹2,30,000 | ₹2,20,948 | −₹9,052 | −4.0% |
| ICICI Prudential Equity Minimum VarianceICICI Prudential Equity Minimum Variance Fund (Direct) | ₹2,30,000 | ₹2,26,740 | −₹3,260 | −1.4% |
Bandhan Nifty 50 IndexBandhan Nifty 50 Index Fund (Direct)
ICICI Prudential Equity Minimum VarianceICICI Prudential Equity Minimum Variance 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 50 Index vs ICICI Prudential Equity Minimum Variance: 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) | ICICI Prudential Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.13% | −6.38% |
| Standard deviation | 13.61% | 12.60% |
| Sharpe ratio | -1.13 | -0.92 |
| Sortino ratio | -1.51 | -1.23 |
| Maximum drawdown | −15.1% (30-03-2026) | −14.0% (30-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.15% | +2.11% |
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) | ICICI Prudential Equity Minimum Variance Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.31% | +1.42% |
| Standard deviation | 15.72% | 11.45% |
| Sharpe ratio | 0.34 | -0.36 |
| Sortino ratio | 0.46 | -0.51 |
| Maximum drawdown | −37.6% (23-03-2020) | −14.0% (30-03-2026) |
| Beta | 0.99 | 0.85 |
| Alpha | −0.21% | +2.53% |
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)
ICICI Prudential Equity Minimum Variance Fund (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) | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| ICICI Prudential Equity Minimum Variance Fund (Direct) | −14.0% | 06-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 09-12-2024, 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)
ICICI Prudential Equity Minimum Variance Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 50 Index Fund (Direct) | 100% | 100% | 0.02% |
| ICICI Prudential Equity Minimum Variance Fund (Direct) | 91% | 76% | 3.10% |
From month-end values since 09-12-2024. 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 ICICI Prudential Equity Minimum Variance: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 50 Index Fund, August 2026; ICICI Prudential Equity Minimum Variance Fund, September 2026
Holdings in common
- Overlap
- 50.6%
- Held by both
- 26
- Only in Bandhan Nifty 50 Index
- 24
- Only in ICICI Prudential Equity Minimum Variance
- 9
| Security | % of Bandhan Nifty 50 Index | % of ICICI Prudential Equity Minimum Variance |
|---|---|---|
| Reliance Industries Limited | 7.82% | 9.69% |
| HDFC Bank Limited | 9.84% | 7.23% |
| State Bank of India | 3.97% | 4.31% |
| Axis Bank Limited | 3.38% | 7.00% |
| ICICI Bank Limited | 9.44% | 3.24% |
| Kotak Mahindra Bank Limited | 2.80% | 9.70% |
| Larsen & Toubro Limited | 4.29% | 2.30% |
| ITC Limited | 2.23% | 4.82% |
| Hindustan Unilever Limited | 1.58% | 4.60% |
| Tata Consultancy Services Limited | 2.22% | 1.46% |
| NTPC Limited | 1.41% | 4.87% |
| Bajaj Auto Limited | 1.22% | 1.77% |
| Grasim Industries Limited | 1.15% | 1.16% |
| UltraTech Cement Limited | 1.23% | 1.12% |
| Asian Paints Limited | 1.09% | 4.12% |
| Power Grid Corporation of India Limited | 1.08% | 1.16% |
| Bajaj Finserv Limited | 1.06% | 2.47% |
| Nestle India Limited | 0.97% | 1.07% |
| Coal India Limited | 0.87% | 1.26% |
| Trent Limited | 0.87% | 1.07% |
| Apollo Hospitals Enterprise Limited | 0.83% | 2.50% |
| Infosys Limited | 3.60% | 0.81% |
| Bharti Airtel Limited | 4.99% | 0.72% |
| Tata Consumer Products Limited | 0.61% | 2.31% |
| HDFC Life Insurance Company Limited | 0.53% | 2.55% |
| Maruti Suzuki India Limited | 1.60% | 0.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.6% means 50.6% 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% |
| Eternal Limited | 2.15% |
| Titan Company Limited | 1.91% |
| Sun Pharmaceutical Industries Limited | 1.90% |
Largest holdings only in ICICI Prudential Equity Minimum Variance Fund
| Security | % of fund |
|---|---|
| 91 Days Treasury Bills | 2.86% |
| Godrej Consumer Products Ltd. | 1.91% |
| 91 Days Treasury Bills | 1.90% |
| Life Insurance Corporation of India | 1.61% |
| Bajaj Holdings & Investment Ltd. | 1.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 50 Index | ICICI Prudential Equity Minimum Variance |
|---|---|---|
| Equity | 99.9% | 89.0% |
| Debt | 0.0% | 6.5% |
| Cash and others | 0.1% | 4.5% |
Market cap of stocks
| Market cap | Bandhan Nifty 50 Index | ICICI Prudential Equity Minimum Variance |
|---|---|---|
| Large Cap | 98.5% | 89.0% |
| Mid Cap | 1.3% | 0.0% |
| 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 50 Index | ICICI Prudential Equity Minimum Variance |
|---|---|---|
| Banks | 29.4% | 31.5% |
| Petroleum Products | 7.8% | 9.7% |
| Diversified Fmcg | 0.0% | 9.4% |
| IT - Software | 8.5% | 0.0% |
| Automobiles | 7.0% | 2.0% |
| Power | 2.5% | 6.0% |
| Finance | 5.8% | 3.6% |
| Telecom - Services | 5.0% | 0.7% |
| Insurance | 1.2% | 4.2% |
| Consumer Durables | 3.0% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 50 Index vs ICICI Prudential Equity Minimum Variance: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 50 Index Fund | ICICI Prudential Equity Minimum Variance Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 1.86% |
| Base expense ratio (Direct) | 0.08% | 0.82% |
| Total expense ratio (Regular) | 0.66% | 2.89% |
| Base expense ratio (Regular) | 0.51% | 1.72% |
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
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Bandhan Nifty 50 Index Fund vs ICICI Prudential Equity Minimum Variance Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 50 Index Fund and ICICI Prudential Equity Minimum Variance Fund?
Bandhan Nifty 50 Index Fund is an Index fund, ICICI Prudential Equity Minimum Variance Fund is a Thematic fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 50.6%. Bandhan Nifty 50 Index Fund charges 0.16% a year and ICICI Prudential Equity Minimum Variance Fund 1.86%.
Which has given higher returns, Bandhan Nifty 50 Index Fund or ICICI Prudential Equity Minimum Variance Fund?
Over 1 year: Bandhan Nifty 50 Index Fund −10.13%, ICICI Prudential Equity Minimum Variance Fund −6.38%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty 50 Index Fund or ICICI Prudential Equity Minimum Variance Fund?
Bandhan Nifty 50 Index Fund charges less: 0.16% a year against 1.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 50 Index Fund and ICICI Prudential Equity Minimum Variance Fund overlap?
50.6%. They hold 26 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Bandhan Nifty 50 Index Fund and ICICI Prudential Equity Minimum Variance Fund?
Yes. 50.6% 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 ICICI Prudential Equity Minimum Variance Fund?
Bandhan Nifty 50 Index Fund: Abhishek Jain. ICICI Prudential Equity Minimum Variance Fund: Aatur Shah, Nitya Mishra.
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.