Bandhan Nifty Bank Index Fund vs DSP BSE MidSmall Private Banks ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Nifty Bank Index Fund is an Index fund and DSP BSE MidSmall Private Banks ETF is a mutual fund. Bandhan Nifty Bank Index Fund charges 0.31% a year and DSP BSE MidSmall Private Banks ETF 0.52%. Their portfolios overlap 25.4%: they hold 5 of the same securities.
Which is better, Bandhan Nifty Bank Index or DSP BSE MidSmall Private Banks 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 Bank Index costs less: 0.31% a year against 0.52%.
- Bandhan Nifty Bank Index fell less in its worst fall since 03-08-2026: −7.4% against −13.2%.
- Bandhan Nifty Bank Index holds more in large companies: 74.6% of the fund in large caps against 0.0%.
- DSP BSE MidSmall Private Banks ETF is the larger fund: ₹82 Cr against ₹20 Cr.
- Their portfolios overlap 25.4%: 5 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 Bank Index Fund | DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | DSP Mutual Fund |
| Category | Index | Not available |
| AUM | ₹20 Cr (31-08-2026) | ₹82 Cr (30-09-2026) |
| NAV | ₹10.75 (Direct) | ₹15.25 |
| Expense ratio (Direct) | 0.31% | Not available |
| Expense ratio (Regular) | 1.11% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Bank TRI | Not available |
| Launch date | 27-08-2024 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Abhishek Jain | Not available |
| Exit load | • 0.25% - if redeemed on or before 15 days from the allotment date. • Nil – if redeemed after 15 days from the allotment date | Not available |
Bandhan Nifty Bank Index vs DSP BSE MidSmall Private Banks 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 Bank Index Fund (Direct) | +0.07% | −4.24% | +0.13% | −5.53% | -- | -- | -- |
| DSP BSE MidSmall Private Banks ETF | −7.45% | -- | -- | -- | -- | -- | -- |
Bandhan Nifty Bank Index vs DSP BSE MidSmall Private Banks ETF: Year-wise Returns
| Year | Bandhan Nifty Bank IndexBandhan Nifty Bank Index | DSP BSE MidSmall Private Banks ETFDSP BSE MidSmall Private Banks ETF |
|---|---|---|
| 2026to date | −7.94% | -- |
| 2025 | +17.75% | -- |
Bandhan Nifty Bank Index vs DSP BSE MidSmall Private Banks ETF: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of Bandhan Nifty Bank Index Fund
Bandhan Nifty Bank Index vs DSP BSE MidSmall Private Banks ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty Bank Index Fund (Direct) | DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| Return (CAGR) | +3.52% | −41.22% |
| Standard deviation | 15.32% | 16.96% |
| Sharpe ratio | -0.14 | -2.74 |
| Sortino ratio | -0.20 | -3.13 |
| Maximum drawdown | −18.4% (31-03-2026) | −13.2% (30-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.18% |
From daily NAVs, 28-08-2024 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 Bank Index Fund (Direct)
DSP BSE MidSmall Private Banks ETF
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty Bank Index Fund (Direct) | −7.4% | 03-08-2026 | 27-10-2026 | Not yet | -- | −6.2% |
| DSP BSE MidSmall Private Banks ETF | −13.2% | 21-08-2026 | 30-10-2026 | Not yet | -- | −13.2% |
| Nifty Bank TRI | −7.3% | 03-08-2026 | 27-10-2026 | Not yet | -- | −6.1% |
From daily values since 03-08-2026, the first day every fund has.
Bandhan Nifty Bank Index vs DSP BSE MidSmall Private Banks ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Bank Index Fund, August 2026; DSP BSE MidSmall Private Banks ETF, September 2026
Holdings in common
- Overlap
- 25.4%
- Held by both
- 5
- Only in Bandhan Nifty Bank Index
- 9
- Only in DSP BSE MidSmall Private Banks ETF
- 13
| Security | % of Bandhan Nifty Bank Index | % of DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| The Federal Bank Limited | 7.15% | 17.33% |
| IndusInd Bank Limited | 5.45% | 12.96% |
| AU Small Finance Bank Limited | 4.82% | 12.59% |
| IDFC First Bank Limited | 4.68% | 11.93% |
| Yes Bank Limited | 3.33% | 8.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.4% means 25.4% 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 Bank Index Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 17.02% |
| ICICI Bank Limited | 14.85% |
| State Bank of India | 10.27% |
| Kotak Mahindra Bank Limited | 9.88% |
| Axis Bank Limited | 9.20% |
Largest holdings only in DSP BSE MidSmall Private Banks ETF
| Security | % of fund |
|---|---|
| Karur Vysya Bank Limited | 6.68% |
| RBL Bank Limited | 5.53% |
| City Union Bank Limited | 4.74% |
| Bandhan Bank Limited | 3.87% |
| Ujjivan Small Finance Bank Limited | 2.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Bank Index | DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Nifty Bank Index | DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| Large Cap | 74.6% | 0.0% |
| Mid Cap | 25.4% | 62.9% |
| Small Cap | 0.0% | 37.0% |
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 Bank Index | DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Bank Index vs DSP BSE MidSmall Private Banks ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Bank Index Fund | DSP BSE MidSmall Private Banks ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.31% | Not available |
| Base expense ratio (Direct) | 0.19% | 0.17% |
| Total expense ratio (Regular) | 1.11% | Not available |
| Base expense ratio (Regular) | 0.88% | 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 Bank Index Fund vs DSP BSE MidSmall Private Banks ETF: Frequently Asked Questions
What is the difference between Bandhan Nifty Bank Index Fund and DSP BSE MidSmall Private Banks ETF?
Bandhan Nifty Bank Index Fund is an Index fund, DSP BSE MidSmall Private Banks ETF is a mutual fund, run by Bandhan Mutual Fund and DSP Mutual Fund. Their portfolios overlap 25.4%. Bandhan Nifty Bank Index Fund charges 0.31% a year and DSP BSE MidSmall Private Banks ETF 0.52%.
Which has the lower expense ratio, Bandhan Nifty Bank Index Fund or DSP BSE MidSmall Private Banks ETF?
Bandhan Nifty Bank Index Fund charges less: 0.31% a year against 0.52%. These are the total expense ratios reported to AMFI.
How much do Bandhan Nifty Bank Index Fund and DSP BSE MidSmall Private Banks ETF overlap?
25.4%. They hold 5 of the same securities, the largest shared ones being FEDERALBNK, INDUSINDBK, AUBANK. From each fund's latest monthly portfolio.
Can I invest in both Bandhan Nifty Bank Index Fund and DSP BSE MidSmall Private Banks ETF?
Yes. 25.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.