Bandhan Nifty Alpha 50 Index Fund vs Mirae Asset Nifty 200 Alpha 30 ETF

Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

Bandhan Nifty Alpha 50 Index Fund is an Index fund and Mirae Asset Nifty 200 Alpha 30 ETF is an ETF fund. In the year to 30-10-2026, Bandhan Nifty Alpha 50 Index Fund (Direct) returned 1.2% and Mirae Asset Nifty 200 Alpha 30 ETF returned −3.1%. Bandhan Nifty Alpha 50 Index Fund charges 0.74% a year and Mirae Asset Nifty 200 Alpha 30 ETF 0.78%. Their portfolios overlap 57.2%: they hold 26 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

Mirae Asset Nifty 200 Alpha 30 ETF

ETF

1 year return: −3.1%
Expense ratio: 0.78%
NAV: ₹24.62

See Mirae Asset Nifty 200 Alpha 30 ETF

Which is better, Bandhan Nifty Alpha 50 Index or Mirae Asset Nifty 200 Alpha 30 ETF? 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 −3.1%.
Bandhan Nifty Alpha 50 Index costs less: 0.74% a year against 0.78%.
Mirae Asset Nifty 200 Alpha 30 ETF fell less in its worst fall since 10-11-2023: −30.0% against −31.8%.
Mirae Asset Nifty 200 Alpha 30 ETF holds more in large companies: 49.2% of the fund in large caps against 34.9%.
Bandhan Nifty Alpha 50 Index is the larger fund: ₹629 Cr against ₹388 Cr.
Their portfolios overlap 57.2%: 26 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)
+36.1%
Mirae Asset Nifty 200 Alpha 30 ETF
+35.5%

Change in NAV from 10-11-2023 to 30-10-2026

0%+20%+40%+60%+80%

Key facts

From each fund's scheme summary document and AMFI

Fact	Bandhan Nifty Alpha 50 Index Fund	Mirae Asset Nifty 200 Alpha 30 ETF
Fund house	Bandhan Mutual Fund	Mirae Asset Mutual Fund
Category	Index	ETF
AUM	₹629 Cr (31-08-2026)	₹388 Cr (30-09-2026)
NAV	₹13.69 (Direct)	₹24.62
Expense ratio (Direct)	0.74%	Not available
Expense ratio (Regular)	1.38%	Not available
Riskometer	Very High	Very High
Benchmark	Nifty Alpha 50 TRI	Nifty 200 Alpha 30 TRI
Launch date	09-11-2023	20-10-2023
Minimum investment	₹1,000	On exchange in multiple of 1 unit. With AMC: In multiples of 2,00,000 Units
Lock in	None	None
Fund managers	Abhishek Jain	Ekta Gala, amp, Akshay Udeshi
Exit load	Nil	NIL

Bandhan Nifty Alpha 50 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: 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%	--	--	--
Mirae Asset Nifty 200 Alpha 30 ETF	−2.58%	−4.65%	−1.34%	−3.10%	+13.95%	--	--

Bandhan Nifty Alpha 50 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Year-wise Returns

Year	Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index	Mirae Asset Nifty 200 Alpha 30 ETFMirae Asset Nifty 200 Alpha 30 ETF
2026to date	+3.21%	−1.40%
2025	−11.00%	−5.53%
2024	+31.05%	+26.74%

Bandhan Nifty Alpha 50 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Rolling Returns

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

Rolling returns

Every 1-year holding period, 492 of them, one for each trading day from 11-11-2024 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.

−20%0%20%40%60%

Jan 2024
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026

Bandhan Nifty Alpha 50 Index Fund (Direct)Mirae Asset Nifty 200 Alpha 30 ETFNifty Alpha 50 TRI

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 Alpha 50 Index	52.0	16.3	11.2	10.0	2.0	0.6	7.9	1.4%	−0.6%	−19.7%	45.4%	0%
Mirae Asset Nifty 200 Alpha 30 ETF	47.2	19.1	14.4	7.4	3.3	1.0	7.6	2.4%	0.8%	−17.7%	48.1%	50%
Nifty Alpha 50 TRI	48.2	16.3	13.4	9.8	3.5	0.6	8.3	2.8%	0.6%	−18.9%	48.9%	--

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 10-11-2023. Past returns do not promise future returns.

Bandhan Nifty Alpha 50 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: 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 10-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index Fund (Direct)	₹3,60,000	₹3,69,748	₹9,748	1.7%
Mirae Asset Nifty 200 Alpha 30 ETFMirae Asset Nifty 200 Alpha 30 ETF	₹3,60,000	₹3,63,851	₹3,851	0.7%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

202420252026

Bandhan Nifty Alpha 50 IndexBandhan Nifty Alpha 50 Index Fund (Direct)Mirae Asset Nifty 200 Alpha 30 ETFMirae Asset Nifty 200 Alpha 30 ETFAmount 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 Mirae Asset Nifty 200 Alpha 30 ETF: 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)	Mirae Asset Nifty 200 Alpha 30 ETF
Return (CAGR)	+1.24%	−3.10%
Standard deviation	20.20%	19.86%
Sharpe ratio	-0.20	-0.42
Sortino ratio	-0.27	-0.57
Maximum drawdown	−15.3% (31-03-2026)	−15.1% (31-03-2026)
Beta	1.00	1.00
Alpha	−1.74%	−1.06%

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)	Mirae Asset Nifty 200 Alpha 30 ETF
Return (CAGR)	+10.92%	+13.78%
Standard deviation	22.22%	21.28%
Sharpe ratio	0.22	0.36
Sortino ratio	0.29	0.49
Maximum drawdown	−31.8% (03-03-2025)	−30.0% (28-02-2025)
Beta	1.00	1.00
Alpha	−1.87%	−0.95%

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.

−40%−30%−20%−10%0%

202420252026

Bandhan Nifty Alpha 50 Index Fund (Direct)Mirae Asset Nifty 200 Alpha 30 ETFNifty 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)	−31.8%	24-09-2024	03-03-2025	Not yet	--	−16.6%
Mirae Asset Nifty 200 Alpha 30 ETF	−30.0%	30-08-2024	28-02-2025	Not yet	--	−16.6%
Nifty Alpha 50 TRI	−31.3%	24-09-2024	03-03-2025	Not yet	--	−13.9%

From daily values since 10-11-2023, 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%30%

20252026

Bandhan Nifty Alpha 50 Index Fund (Direct)Mirae Asset Nifty 200 Alpha 30 ETFNifty Alpha 50 TRI

Against Nifty Alpha 50 TRI

Fund	Up capture	Down capture	Tracking error
Bandhan Nifty Alpha 50 Index Fund (Direct)	97%	102%	0.60%
Mirae Asset Nifty 200 Alpha 30 ETF	88%	90%	6.56%

From month-end values since 10-11-2023. 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 Mirae Asset Nifty 200 Alpha 30 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: Bandhan Nifty Alpha 50 Index Fund, August 2026; Mirae Asset Nifty 200 Alpha 30 ETF, September 2026

Holdings in common

Overlap: 57.2%
Held by both: 26
Only in Bandhan Nifty Alpha 50 Index: 24
Only in Mirae Asset Nifty 200 Alpha 30 ETF: 4

Security	% of Bandhan Nifty Alpha 50 Index	% of Mirae Asset Nifty 200 Alpha 30 ETF
Laurus Labs Limited	4.01%	5.07%
Multi Commodity Exchange of India Limited	3.83%	5.10%
National Aluminium Company Limited	3.48%	4.62%
Vedanta Limited	2.91%	3.75%
Vodafone Idea Limited	2.87%	4.67%
GE Vernova T&D India Limited	2.75%	3.03%
Adani Power Limited	2.66%	3.33%
Hitachi Energy India Limited	2.57%	3.72%
L&T Finance Limited	2.40%	2.57%
Adani Energy Solutions Limited	2.25%	4.38%
Aditya Birla Capital Limited	2.19%	2.67%
Bharat Heavy Electricals Limited	2.16%	5.10%
Hindalco Industries Limited	2.31%	2.13%
Steel Authority of India Limited	2.09%	3.21%
Shriram Finance Limited	2.03%	4.80%
Bharat Forge Limited	1.92%	4.35%
One 97 Communications Limited	1.83%	2.45%
BSE Limited	1.66%	3.01%
Polycab India Limited	1.85%	1.62%
Cummins India Limited	2.09%	1.60%
Ashok Leyland Limited	1.58%	2.27%
The Federal Bank Limited	1.55%	4.15%
AU Small Finance Bank Limited	1.49%	2.71%
Indian Bank	1.46%	2.04%
FSN E-Commerce Ventures Limited	1.25%	2.57%
Union Bank of India	0.89%	2.71%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.2% means 57.2% 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 Alpha 50 Index Fund

Security	% of fund
Ather Energy Limited	7.12%
Acutaas Chemicals Limited	3.57%
Hindustan Copper Limited	3.36%
Anand Rathi Wealth Limited	2.52%
Navin Fluorine International Limited	2.21%

Largest holdings only in Mirae Asset Nifty 200 Alpha 30 ETF

Security	% of fund
Samvardhana Motherson International Ltd.	4.35%
Aurobindo Pharma Ltd.	3.06%
Bank of Maharashtra	3.00%
Adani Green Energy Ltd.	1.95%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Bandhan Nifty Alpha 50 Index	Mirae Asset Nifty 200 Alpha 30 ETF
Equity	100.1%	100.0%
Debt	0.0%	0.0%
Cash and others	-0.1%	0.0%

Market cap of stocks

Market cap	Bandhan Nifty Alpha 50 Index	Mirae Asset Nifty 200 Alpha 30 ETF
Large Cap	34.9%	49.2%
Mid Cap	41.6%	50.8%
Small Cap	23.6%	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 Alpha 50 Index	Mirae Asset Nifty 200 Alpha 30 ETF
Banks	11.9%	14.6%
Electrical Equipment	9.6%	11.8%
Finance	10.5%	10.1%
Automobiles	9.7%	0.0%
Power	4.9%	9.7%
Pharmaceuticals & Biotechnology	9.5%	8.1%
Non - Ferrous Metals	9.2%	6.8%
Auto Components	1.9%	8.7%

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

Bandhan Nifty Alpha 50 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Expense Ratio

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

Charge	Bandhan Nifty Alpha 50 Index Fund	Mirae Asset Nifty 200 Alpha 30 ETF
Total expense ratio (Direct)	0.74%	Not available
Base expense ratio (Direct)	0.30%	0.00%
Total expense ratio (Regular)	1.38%	Not available
Base expense ratio (Regular)	0.86%	0.38%

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 Mirae Asset Nifty 200 Alpha 30 ETF: Frequently Asked Questions

What is the difference between Bandhan Nifty Alpha 50 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF?

Bandhan Nifty Alpha 50 Index Fund is an Index fund, Mirae Asset Nifty 200 Alpha 30 ETF is an ETF fund, run by Bandhan Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 57.2%. Bandhan Nifty Alpha 50 Index Fund charges 0.74% a year and Mirae Asset Nifty 200 Alpha 30 ETF 0.78%.

Which has given higher returns, Bandhan Nifty Alpha 50 Index Fund or Mirae Asset Nifty 200 Alpha 30 ETF?

Over 1 year: Bandhan Nifty Alpha 50 Index Fund +1.24%, Mirae Asset Nifty 200 Alpha 30 ETF −3.10%. 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 Mirae Asset Nifty 200 Alpha 30 ETF?

Bandhan Nifty Alpha 50 Index Fund charges less: 0.74% a year against 0.78%. These are the total expense ratios reported to AMFI.

How much do Bandhan Nifty Alpha 50 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF overlap?

57.2%. They hold 26 of the same securities, the largest shared ones being LAURUSLABS, MCX, NATIONALUM. From each fund's latest monthly portfolio.

Which is riskier, Bandhan Nifty Alpha 50 Index Fund or Mirae Asset Nifty 200 Alpha 30 ETF?

On SEBI's riskometer, Bandhan Nifty Alpha 50 Index Fund is rated Very High and Mirae Asset Nifty 200 Alpha 30 ETF Very High. Over 1 years, the standard deviation of daily returns was 20.20% and 19.86% a year.

Can I invest in both Bandhan Nifty Alpha 50 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF?

Yes. 57.2% 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 Mirae Asset Nifty 200 Alpha 30 ETF?

Bandhan Nifty Alpha 50 Index Fund: Abhishek Jain. Mirae Asset Nifty 200 Alpha 30 ETF: Ekta Gala, amp, Akshay Udeshi.

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.