Bandhan Nifty Alpha 50 Index Fund vs Kotak Nifty Alpha 50 Index Fund

Direct Plan, Growth option · Data as on 30-10-2026

Bandhan Nifty Alpha 50 Index Fund is an Index fund and Kotak Nifty Alpha 50 Index Fund is an Index fund. In the year to 30-10-2026, Bandhan Nifty Alpha 50 Index Fund (Direct) returned 1.2% and Kotak Nifty Alpha 50 Index Fund (Direct) returned 1.1%. Bandhan Nifty Alpha 50 Index Fund charges 0.74% a year and Kotak Nifty Alpha 50 Index Fund 1.09% (Direct plans). Their portfolios overlap 64.7%: they hold 43 of the same securities.

Bandhan Nifty Alpha 50 Index Fund

Index

1 year return: 1.2%
Expense ratio: 0.74%
NAV: ₹13.69

See Bandhan Nifty Alpha 50 Index Fund

Kotak Nifty Alpha 50 Index Fund

Index

1 year return: 1.1%
Expense ratio: 1.09%
NAV: ₹10.09

See Kotak Nifty Alpha 50 Index Fund

Which is better, Bandhan Nifty Alpha 50 Index or Kotak Nifty Alpha 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 Alpha 50 Index returned more over 1 year: 1.2% against 1.1%.
Bandhan Nifty Alpha 50 Index costs less: 0.74% a year against 1.09% (Direct plans).
Kotak Nifty Alpha 50 Index fell less in its worst fall since 22-08-2025: −15.2% against −15.3%.
Bandhan Nifty Alpha 50 Index holds more in large companies: 34.9% of the fund in large caps against 24.9%.
Bandhan Nifty Alpha 50 Index is the larger fund: ₹629 Cr against ₹55 Cr.
Their portfolios overlap 64.7%: 43 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Bandhan Nifty Alpha 50 Index Fund (Direct)
+3.2%
Kotak Nifty Alpha 50 Index Fund (Direct)
+0.8%

Change in NAV from 22-08-2025 to 30-10-2026

−10%0%+10%+20%

Key facts

From each fund's scheme summary document and AMFI

Fact	Bandhan Nifty Alpha 50 Index Fund	Kotak Nifty Alpha 50 Index Fund
Fund house	Bandhan Mutual Fund	Kotak Mahindra Mutual Fund
Category	Index	Index
AUM	₹629 Cr (31-08-2026)	₹55 Cr (30-09-2026)
NAV	₹13.69 (Direct)	₹10.09 (Direct)
Expense ratio (Direct)	0.74%	1.09%
Expense ratio (Regular)	1.38%	1.68%
Riskometer	Very High	Very High
Benchmark	Nifty Alpha 50 TRI	Nifty Alpha 50 TRI
Launch date	09-11-2023	19-08-2025
Minimum investment	₹1,000	₹100
Lock in	None	None
Fund managers	Abhishek Jain	Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar
Exit load	Nil	Nil

Bandhan Nifty Alpha 50 Index vs Kotak Nifty Alpha 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 Alpha 50 Index Fund (Direct)	−3.35%	−2.98%	+2.26%	+1.24%	--	--	--
Kotak Nifty Alpha 50 Index Fund (Direct)	−3.08%	−3.05%	+2.07%	+1.08%	--	--	--

Bandhan Nifty Alpha 50 Index vs Kotak Nifty Alpha 50 Index: Year-wise Returns

Year	BandhanBandhan Nifty Alpha 50 Index	KotakKotak Nifty Alpha 50 Index	Nifty Alpha 50 TRI
2026to date	+3.21%	+3.11%	+4.79%
2025	−11.00%	--	−10.17%
2024	+31.05%	--	+33.86%

Bandhan Nifty Alpha 50 Index vs Kotak Nifty Alpha 50 Index: Rolling Returns

Every holding period of both funds, against Nifty Alpha 50 TRI, the benchmark of both

Rolling returns

Every 1-year holding period, 45 of them, one for each trading day from 24-08-2026 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.

−5%0%5%10%15%20%

Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026

Bandhan Nifty Alpha 50 Index Fund (Direct)Kotak Nifty Alpha 50 Index Fund (Direct)Nifty Alpha 50 TRI

How the periods spread

Fund	Below 0%	0-5%	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
Bandhan Nifty Alpha 50 Index	6.7	13.3	44.4	31.1	4.4	7.9%	8.3%	−3.4%	16.8%	0%
Kotak Nifty Alpha 50 Index	6.7	13.3	51.1	24.4	4.4	7.7%	8.0%	−3.6%	16.5%	0%
Nifty Alpha 50 TRI	2.2	11.1	44.4	33.3	8.9	9.2%	9.6%	−1.8%	17.7%	--

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 Alpha 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 22-08-2025. Past returns do not promise future returns.

Bandhan Nifty Alpha 50 Index vs Kotak Nifty Alpha 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.

Investment	Invested	Value now	Gain	Return a year
Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index Fund (Direct)	₹1,50,000	₹1,52,249	₹2,249	2.3%
Kotak Nifty Alpha 50 IndexKotak Nifty Alpha 50 Index Fund (Direct)	₹1,50,000	₹1,52,086	₹2,086	2.1%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index Fund (Direct)Kotak Nifty Alpha 50 IndexKotak Nifty Alpha 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 Alpha 50 Index vs Kotak Nifty Alpha 50 Index: Risk and Drawdowns

How much each fund swings, and the worst fall over the same days

Risk and return

Measure	Bandhan Nifty Alpha 50 Index Fund (Direct)	Kotak Nifty Alpha 50 Index Fund (Direct)
Return (CAGR)	+1.24%	+1.08%
Standard deviation	20.20%	20.12%
Sharpe ratio	-0.20	-0.21
Sortino ratio	-0.27	-0.28
Maximum drawdown	−15.3% (31-03-2026)	−15.2% (30-03-2026)
Beta	1.00	1.00
Alpha	−1.74%	−1.92%

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 Alpha 50 Index Fund (Direct)	Kotak Nifty Alpha 50 Index Fund (Direct)
Return (CAGR)	+10.92%	+0.67%
Standard deviation	22.22%	19.19%
Sharpe ratio	0.22	-0.24
Sortino ratio	0.29	-0.33
Maximum drawdown	−31.8% (03-03-2025)	−15.2% (30-03-2026)
Beta	1.00	1.00
Alpha	−1.87%	−1.84%

From daily NAVs, 10-11-2023 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.

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.

−20%−15%−10%−5%0%

2026

Bandhan Nifty Alpha 50 Index Fund (Direct)Kotak Nifty Alpha 50 Index Fund (Direct)Nifty Alpha 50 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Bandhan Nifty Alpha 50 Index Fund (Direct)	−15.3%	17-11-2025	31-03-2026	07-05-2026	37 days	−9.9%
Kotak Nifty Alpha 50 Index Fund (Direct)	−15.2%	17-11-2025	30-03-2026	07-05-2026	38 days	−9.9%
Nifty Alpha 50 TRI	−15.0%	17-11-2025	30-03-2026	07-05-2026	38 days	−8.9%

From daily values since 22-08-2025, 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.

0%5%10%15%20%25%

Bandhan Nifty Alpha 50 Index Fund (Direct)Kotak Nifty Alpha 50 Index Fund (Direct)Nifty Alpha 50 TRI

Against Nifty Alpha 50 TRI

Fund	Up capture	Down capture	Tracking error
Bandhan Nifty Alpha 50 Index Fund (Direct)	99%	105%	0.57%
Kotak Nifty Alpha 50 Index Fund (Direct)	98%	105%	0.75%

From month-end values since 22-08-2025. 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 Alpha 50 Index vs Kotak Nifty Alpha 50 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Bandhan Nifty Alpha 50 Index Fund, August 2026; Kotak Nifty Alpha 50 Index Fund, September 2026

Holdings in common

Overlap: 64.7%
Held by both: 43
Only in Bandhan Nifty Alpha 50 Index: 7
Only in Kotak Nifty Alpha 50 Index: 7

Security	% of Bandhan Nifty Alpha 50 Index	% of Kotak Nifty Alpha 50 Index
Ather Energy Limited	7.12%	3.84%
Multi Commodity Exchange of India Limited	3.83%	2.56%
Hindustan Copper Limited	3.36%	2.54%
Acutaas Chemicals Limited	3.57%	2.48%
Laurus Labs Limited	4.01%	2.43%
Vodafone Idea Limited	2.87%	2.27%
Bharat Heavy Electricals Limited	2.16%	2.35%
Apar Industries Limited	2.13%	2.55%
National Aluminium Company Limited	3.48%	2.06%
Shriram Finance Limited	2.03%	2.14%
Adani Energy Solutions Limited	2.25%	1.97%
Bharat Forge Limited	1.92%	1.96%
Navin Fluorine International Limited	2.21%	1.81%
Vedanta Limited	2.91%	1.72%
Hitachi Energy India Limited	2.57%	1.71%
Adani Power Limited	2.66%	1.57%
Karur Vysya Bank Limited	2.20%	1.56%
The Federal Bank Limited	1.55%	1.89%
Steel Authority of India Limited	2.09%	1.51%
GE Vernova T&D India Limited	2.75%	1.44%
BSE Limited	1.66%	1.43%
AU Small Finance Bank Limited	1.49%	1.32%
Radico Khaitan Limited	1.45%	1.31%
Aditya Birla Capital Limited	2.19%	1.30%
L&T Finance Limited	2.40%	1.25%
FSN E-Commerce Ventures Limited	1.25%	1.26%
One 97 Communications Limited	1.83%	1.22%
RBL Bank Limited	1.95%	1.18%
Ashok Leyland Limited	1.58%	1.14%
Hindalco Industries Limited	2.31%	1.08%
Indian Bank	1.46%	1.05%
TVS Motor Company Limited	1.17%	0.93%
Union Bank of India	0.89%	1.31%
Cummins India Limited	2.09%	0.88%
Polycab India Limited	1.85%	0.88%
Eicher Motors Limited	1.38%	0.87%
Manappuram Finance Limited	1.46%	0.85%
Bank of India	0.83%	0.85%
State Bank of India	0.83%	0.88%
Glenmark Pharmaceuticals Limited	1.92%	0.78%
IIFL Finance Limited	0.76%	1.35%
Canara Bank	0.75%	0.69%
Solar Industries India Limited	0.69%	1.16%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 64.7% means 64.7% 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 Alpha 50 Index Fund

Security	% of fund
Anand Rathi Wealth Limited	2.52%
Muthoot Finance Limited	1.65%
Fortis Healthcare Limited	1.04%
Delhivery Limited	0.95%
Amber Enterprises India Limited	0.84%

Largest holdings only in Kotak Nifty Alpha 50 Index Fund

Security	% of fund
CUPID LTD.	8.51%
STERLITE TECHNOLOGIES LIMITED.	5.25%
MTAR TECHNOLOGIES LIMITED	4.82%
TD POWER SYSTEMS LTD.	4.17%
HFCL LTD	3.60%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Bandhan Nifty Alpha 50 Index	Kotak Nifty Alpha 50 Index
Equity	100.1%	100.5%
Debt	0.0%	0.0%
Cash and others	-0.1%	-0.5%

Market cap of stocks

Market cap	Bandhan Nifty Alpha 50 Index	Kotak Nifty Alpha 50 Index
Large Cap	34.9%	24.9%
Mid Cap	41.6%	29.4%
Small Cap	23.6%	42.1%
Not on AMFI's list	0.0%	4.2%

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 Alpha 50 Index	Kotak Nifty Alpha 50 Index
Electrical Equipment	9.6%	17.0%
Banks	11.9%	10.7%
Finance	10.5%	6.9%
Automobiles	9.7%	5.6%
Pharmaceuticals & Biotechnology	9.5%	0.0%
Non - Ferrous Metals	9.2%	5.7%
Industrial Products	3.9%	8.6%
Personal Products	0.0%	8.5%
Telecom - Services	2.9%	5.9%

The six largest sectors of each fund's stocks, % of the fund.

Bandhan Nifty Alpha 50 Index vs Kotak Nifty Alpha 50 Index: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	Bandhan Nifty Alpha 50 Index Fund	Kotak Nifty Alpha 50 Index Fund
Total expense ratio (Direct)	0.74%	1.09%
Base expense ratio (Direct)	0.30%	0.30%
Total expense ratio (Regular)	1.38%	1.68%
Base expense ratio (Regular)	0.86%	0.80%

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 Alpha 50 Index Fund vs Kotak Nifty Alpha 50 Index Fund: Frequently Asked Questions

What is the difference between Bandhan Nifty Alpha 50 Index Fund and Kotak Nifty Alpha 50 Index Fund?

Bandhan Nifty Alpha 50 Index Fund is an Index fund, Kotak Nifty Alpha 50 Index Fund is an Index fund, run by Bandhan Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 64.7%. Bandhan Nifty Alpha 50 Index Fund charges 0.74% a year and Kotak Nifty Alpha 50 Index Fund 1.09%.

Which has given higher returns, Bandhan Nifty Alpha 50 Index Fund or Kotak Nifty Alpha 50 Index Fund?

Over 1 year: Bandhan Nifty Alpha 50 Index Fund +1.24%, Kotak Nifty Alpha 50 Index Fund +1.08%. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, Bandhan Nifty Alpha 50 Index Fund or Kotak Nifty Alpha 50 Index Fund?

Bandhan Nifty Alpha 50 Index Fund charges less: 0.74% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.

How much do Bandhan Nifty Alpha 50 Index Fund and Kotak Nifty Alpha 50 Index Fund overlap?

64.7%. They hold 43 of the same securities, the largest shared ones being ATHERENERG, MCX, HINDCOPPER. From each fund's latest monthly portfolio.

Which is riskier, Bandhan Nifty Alpha 50 Index Fund or Kotak Nifty Alpha 50 Index Fund?

On SEBI's riskometer, Bandhan Nifty Alpha 50 Index Fund is rated Very High and Kotak Nifty Alpha 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 20.20% and 20.12% a year.

Can I invest in both Bandhan Nifty Alpha 50 Index Fund and Kotak Nifty Alpha 50 Index Fund?

Yes. 64.7% 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 Alpha 50 Index Fund and Kotak Nifty Alpha 50 Index Fund?

Bandhan Nifty Alpha 50 Index Fund: Abhishek Jain. Kotak Nifty Alpha 50 Index Fund: Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar.

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.