Bandhan Nifty 50 Index Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty 50 Index Fund is an Index fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, Bandhan Nifty 50 Index Fund (Direct) returned −10.1% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. Bandhan Nifty 50 Index Fund charges 0.16% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 97.1%: they hold 49 of the same securities.
Bandhan Nifty 50 Index Fund
Index
- 1 year return
- −10.1%
- Expense ratio
- 0.16%
- NAV
- ₹51.67
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, Bandhan Nifty 50 Index or Zerodha Nifty 50 Index? 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 50 Index returned more over 1 year: −10.1% against −10.3%.
- Bandhan Nifty 50 Index costs less: 0.16% a year against 0.28% (Direct plans).
- Bandhan Nifty 50 Index fell less in its worst fall since 17-10-2025: −15.1% against −15.2%.
- Bandhan Nifty 50 Index is the larger fund: ₹2,813 Cr against ₹75 Cr.
- Their portfolios overlap 97.1%: 49 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 | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹2,813 Cr (31-08-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹51.67 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.28% |
| Expense ratio (Regular) | 0.66% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 50 TRI | Nifty 50 TRI |
| Launch date | 30-04-2010 | 14-10-2025 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
Bandhan Nifty 50 Index vs Zerodha Nifty 50 Index: 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% |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
Bandhan Nifty 50 Index vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | BandhanBandhan Nifty 50 Index | ZerodhaZerodha Nifty 50 Index | Nifty 50 TRI |
|---|---|---|---|
| 2026to date | −11.02% | −11.01% | −10.91% |
| 2025 | +11.73% | -- | +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 Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of both
Bandhan Nifty 50 Index vs Zerodha Nifty 50 Index: 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty 50 IndexBandhan Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,392 | −₹6,608 | −8.7% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
Bandhan Nifty 50 IndexBandhan Nifty 50 Index Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 Index 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 Zerodha Nifty 50 Index: 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) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.13% | −10.25% |
| Standard deviation | 13.61% | 13.60% |
| Sharpe ratio | -1.13 | -1.14 |
| Sortino ratio | -1.51 | -1.52 |
| Maximum drawdown | −15.1% (30-03-2026) | −15.2% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.28% |
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) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.31% | −9.31% |
| Standard deviation | 15.72% | 13.43% |
| Sharpe ratio | 0.34 | -1.08 |
| Sortino ratio | 0.46 | -1.45 |
| Maximum drawdown | −37.6% (23-03-2020) | −15.2% (30-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.21% | −0.29% |
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)
Zerodha Nifty 50 Index 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% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 17-10-2025, 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)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty 50 Index Fund (Direct) | 99% | 100% | 0.02% |
| Zerodha Nifty 50 Index Fund (Direct) | 99% | 100% | 0.15% |
From month-end values since 17-10-2025. 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 Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty 50 Index Fund, August 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 97.1%
- Held by both
- 49
- Only in Bandhan Nifty 50 Index
- 1
- Only in Zerodha Nifty 50 Index
- 1
| Security | % of Bandhan Nifty 50 Index | % of Zerodha Nifty 50 Index |
|---|---|---|
| HDFC Bank Limited | 9.84% | 10.44% |
| ICICI Bank Limited | 9.44% | 9.10% |
| Reliance Industries Limited | 7.82% | 7.63% |
| Bharti Airtel Limited | 4.99% | 5.13% |
| Larsen & Toubro Limited | 4.29% | 4.23% |
| State Bank of India | 3.97% | 3.81% |
| Axis Bank Limited | 3.38% | 3.39% |
| Infosys Limited | 3.60% | 3.37% |
| Kotak Mahindra Bank Limited | 2.80% | 2.95% |
| Mahindra & Mahindra Limited | 2.66% | 2.53% |
| Bajaj Finance Limited | 2.57% | 2.52% |
| ITC Limited | 2.23% | 2.43% |
| Eternal Limited | 2.15% | 2.23% |
| Tata Consultancy Services Limited | 2.22% | 2.01% |
| Sun Pharmaceutical Industries Limited | 1.90% | 1.85% |
| Titan Company Limited | 1.91% | 1.82% |
| Hindustan Unilever Limited | 1.58% | 1.60% |
| Maruti Suzuki India Limited | 1.60% | 1.49% |
| NTPC Limited | 1.41% | 1.47% |
| Tata Steel Limited | 1.38% | 1.47% |
| Bharat Electronics Limited | 1.35% | 1.34% |
| Shriram Finance Limited | 1.41% | 1.32% |
| Hindalco Industries Limited | 1.33% | 1.31% |
| HCL Technologies Limited | 1.25% | 1.25% |
| UltraTech Cement Limited | 1.23% | 1.25% |
| Bajaj Auto Limited | 1.22% | 1.14% |
| Grasim Industries Limited | 1.15% | 1.11% |
| JSW Steel Limited | 1.11% | 1.16% |
| Power Grid Corporation of India Limited | 1.08% | 1.13% |
| InterGlobe Aviation Limited | 1.07% | 1.08% |
| Adani Ports and Special Economic Zone Limited | 1.07% | 1.35% |
| Asian Paints Limited | 1.09% | 1.04% |
| Bajaj Finserv Limited | 1.06% | 0.97% |
| Eicher Motors Limited | 0.99% | 0.95% |
| Tech Mahindra Limited | 0.94% | 0.93% |
| Nestle India Limited | 0.97% | 0.90% |
| Coal India Limited | 0.87% | 0.98% |
| Trent Limited | 0.87% | 0.84% |
| Oil & Natural Gas Corporation Limited | 0.82% | 0.84% |
| Apollo Hospitals Enterprise Limited | 0.83% | 0.81% |
| Adani Enterprises Limited | 0.75% | 0.95% |
| Cipla Limited | 0.72% | 0.73% |
| SBI Life Insurance Company Limited | 0.71% | 0.73% |
| Jio Financial Services Limited | 0.72% | 0.68% |
| Max Healthcare Institute Limited | 0.70% | 0.66% |
| Dr. Reddy's Laboratories Limited | 0.64% | 0.72% |
| Tata Consumer Products Limited | 0.61% | 0.59% |
| Tata Motors Passenger Vehicles Limited | 0.58% | 0.57% |
| HDFC Life Insurance Company Limited | 0.53% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 97.1% means 97.1% 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 50 Index Fund
| Security | % of fund |
|---|---|
| Wipro Limited | 0.45% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| BSE Ltd | 1.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty 50 Index | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 99.9% | 100.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.6% |
Market cap of stocks
| Market cap | Bandhan Nifty 50 Index | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 98.5% | 99.2% |
| Mid Cap | 1.3% | 1.4% |
| 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 | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 29.4% | 29.7% |
| IT - Software | 8.5% | 7.6% |
| Petroleum Products | 7.8% | 7.6% |
| Automobiles | 7.0% | 6.7% |
| Finance | 5.8% | 5.5% |
| Telecom - Services | 5.0% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty 50 Index vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty 50 Index Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.28% |
| Base expense ratio (Direct) | 0.08% | 0.10% |
| Total expense ratio (Regular) | 0.66% | 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 50 Index Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty 50 Index Fund and Zerodha Nifty 50 Index Fund?
Bandhan Nifty 50 Index Fund is an Index fund, Zerodha Nifty 50 Index Fund is an Index fund, run by Bandhan Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 97.1%. Bandhan Nifty 50 Index Fund charges 0.16% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, Bandhan Nifty 50 Index Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: Bandhan Nifty 50 Index Fund −10.13%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty 50 Index Fund or Zerodha Nifty 50 Index Fund?
Bandhan Nifty 50 Index Fund charges less: 0.16% a year against 0.28%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty 50 Index Fund and Zerodha Nifty 50 Index Fund overlap?
97.1%. They hold 49 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty 50 Index Fund or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, Bandhan Nifty 50 Index Fund is rated Very High and Zerodha Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 13.61% and 13.60% a year.
Can I invest in both Bandhan Nifty 50 Index Fund and Zerodha Nifty 50 Index Fund?
Yes. 97.1% 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 Zerodha Nifty 50 Index Fund?
Bandhan Nifty 50 Index Fund: Abhishek Jain. Zerodha Nifty 50 Index Fund: Kedarnath Mirajkar.
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.