Bandhan Nifty Bank Index Fund vs Navi Nifty Bank Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Bank Index Fund is an Index fund and Navi Nifty Bank Index Fund is an Index fund. In the year to 30-10-2026, Bandhan Nifty Bank Index Fund (Direct) returned −5.5% and Navi Nifty Bank Index Fund (Direct) returned −5.4%. Bandhan Nifty Bank Index Fund charges 0.31% a year and Navi Nifty Bank Index Fund 0.23% (Direct plans). Their portfolios overlap 97.1%: they hold 14 of the same securities.
Bandhan Nifty Bank Index Fund
Index
- 1 year return
- −5.5%
- Expense ratio
- 0.31%
- NAV
- ₹10.75
Navi Nifty Bank Index Fund
Index
- 1 year return
- −5.4%
- Expense ratio
- 0.23%
- NAV
- ₹14.43
Which is better, Bandhan Nifty Bank Index or Navi Nifty Bank Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Navi Nifty Bank Index returned more over 1 year: −5.4% against −5.5%.
- Navi Nifty Bank Index costs less: 0.23% a year against 0.31% (Direct plans).
- Bandhan Nifty Bank Index fell less in its worst fall since 28-08-2024: −18.4% against −18.4%.
- Navi Nifty Bank Index is the larger fund: ₹613 Cr against ₹20 Cr.
- Their portfolios overlap 97.1%: 14 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 | Navi Nifty Bank Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Navi Mutual Fund |
| Category | Index | Index |
| AUM | ₹20 Cr (31-08-2026) | ₹613 Cr (30-09-2026) |
| NAV | ₹10.75 (Direct) | ₹14.43 (Direct) |
| Expense ratio (Direct) | 0.31% | 0.23% |
| Expense ratio (Regular) | 1.11% | 1.11% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Bank TRI | Nifty Bank TRI |
| Launch date | 27-08-2024 | 04-02-2022 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Ashutosh Shirwaikar |
| 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 | NIL |
Bandhan Nifty Bank Index vs Navi Nifty Bank 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 Bank Index Fund (Direct) | +0.07% | −4.24% | +0.13% | −5.53% | -- | -- | -- |
| Navi Nifty Bank Index Fund (Direct) | +0.08% | −4.18% | +0.23% | −5.42% | +8.90% | -- | -- |
Bandhan Nifty Bank Index vs Navi Nifty Bank Index: Year-wise Returns
| Year | BandhanBandhan Nifty Bank Index | NaviNavi Nifty Bank Index | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | −7.94% | −7.82% | −7.61% |
| 2025 | +17.75% | +17.79% | +18.08% |
| 2024 | -- | +6.01% | +6.26% |
| 2023 | -- | +12.78% | +13.29% |
Bandhan Nifty Bank Index vs Navi Nifty Bank Index: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 293 of them, one for each trading day from 28-08-2025 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 Bank Index Fund (Direct)
Navi Nifty Bank Index Fund (Direct)
Nifty Bank TRI
to
Oct 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 Bank Index | 16.0 | 30.7 | 14.7 | 14.7 | 10.6 | 11.3 | 2.0 | 8.1% | 5.5% | −6.9% | 26.5% | 0% |
| Navi Nifty Bank Index | 16.0 | 31.3 | 14.2 | 15.3 | 10.4 | 11.1 | 1.7 | 8.1% | 5.5% | −6.8% | 26.6% | 0% |
| Nifty Bank TRI | 15.0 | 30.0 | 16.0 | 14.7 | 10.2 | 10.6 | 3.4 | 8.4% | 5.8% | −6.5% | 26.9% | -- |
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 Bank 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 28-08-2024. Past returns do not promise future returns.
Bandhan Nifty Bank Index vs Navi Nifty Bank 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 28-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty Bank IndexBandhan Nifty Bank Index Fund (Direct) | ₹2,70,000 | ₹2,72,567 | ₹2,567 | 0.8% |
| Navi Nifty Bank IndexNavi Nifty Bank Index Fund (Direct) | ₹2,70,000 | ₹2,72,819 | ₹2,819 | 0.9% |
Bandhan Nifty Bank IndexBandhan Nifty Bank Index Fund (Direct)
Navi Nifty Bank IndexNavi Nifty Bank 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 Bank Index vs Navi Nifty Bank Index: 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) | Navi Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.53% | −5.42% |
| Standard deviation | 16.99% | 17.01% |
| Sharpe ratio | -0.63 | -0.63 |
| Sortino ratio | -0.88 | -0.87 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.38% | −0.27% |
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 Bank Index Fund (Direct) | Navi Nifty Bank Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.52% | +8.09% |
| Standard deviation | 15.32% | 16.50% |
| Sharpe ratio | -0.14 | 0.13 |
| Sortino ratio | -0.20 | 0.18 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.34% |
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)
Navi Nifty Bank Index Fund (Direct)
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) | −18.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −10.8% |
| Navi Nifty Bank Index Fund (Direct) | −18.4% | 18-02-2026 | 30-03-2026 | Not yet | -- | −10.7% |
| Nifty Bank TRI | −18.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 28-08-2024, 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 Bank Index Fund (Direct)
Navi Nifty Bank Index Fund (Direct)
Nifty Bank TRI
Against Nifty Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty Bank Index Fund (Direct) | 99% | 101% | 0.07% |
| Navi Nifty Bank Index Fund (Direct) | 100% | 101% | 0.05% |
From month-end values since 28-08-2024. 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 Bank Index vs Navi Nifty Bank Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Bank Index Fund, August 2026; Navi Nifty Bank Index Fund, September 2026
Holdings in common
- Overlap
- 97.1%
- Held by both
- 14
- Only in Bandhan Nifty Bank Index
- 0
- Only in Navi Nifty Bank Index
- 0
| Security | % of Bandhan Nifty Bank Index | % of Navi Nifty Bank Index |
|---|---|---|
| HDFC Bank Limited | 17.02% | 18.63% |
| ICICI Bank Limited | 14.85% | 14.19% |
| State Bank of India | 10.27% | 9.93% |
| Kotak Mahindra Bank Limited | 9.88% | 10.21% |
| Axis Bank Limited | 9.20% | 10.06% |
| The Federal Bank Limited | 7.15% | 6.57% |
| IndusInd Bank Limited | 5.45% | 4.97% |
| AU Small Finance Bank Limited | 4.82% | 4.85% |
| IDFC First Bank Limited | 4.68% | 4.54% |
| Bank of Baroda | 3.48% | 3.59% |
| Canara Bank | 3.33% | 3.37% |
| Punjab National Bank | 3.37% | 3.27% |
| Yes Bank Limited | 3.33% | 3.01% |
| Union Bank of India | 3.17% | 2.86% |
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 Bank Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Navi Nifty Bank Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Bank Index | Navi Nifty Bank Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | -0.1% |
Market cap of stocks
| Market cap | Bandhan Nifty Bank Index | Navi Nifty Bank Index |
|---|---|---|
| Large Cap | 74.6% | 76.1% |
| Mid Cap | 25.4% | 23.9% |
| 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 Bank Index | Navi Nifty Bank Index |
|---|---|---|
| BANKS | 0.0% | 100.0% |
| Banks | 100.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Bank Index vs Navi Nifty Bank Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Bank Index Fund | Navi Nifty Bank Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.31% | 0.23% |
| Base expense ratio (Direct) | 0.19% | 0.15% |
| Total expense ratio (Regular) | 1.11% | 1.11% |
| Base expense ratio (Regular) | 0.88% | 0.90% |
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 Navi Nifty Bank Index Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Bank Index Fund and Navi Nifty Bank Index Fund?
Bandhan Nifty Bank Index Fund is an Index fund, Navi Nifty Bank Index Fund is an Index fund, run by Bandhan Mutual Fund and Navi Mutual Fund. Their portfolios overlap 97.1%. Bandhan Nifty Bank Index Fund charges 0.31% a year and Navi Nifty Bank Index Fund 0.23%.
Which has given higher returns, Bandhan Nifty Bank Index Fund or Navi Nifty Bank Index Fund?
Over 1 year: Bandhan Nifty Bank Index Fund −5.53%, Navi Nifty Bank Index Fund −5.42%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty Bank Index Fund or Navi Nifty Bank Index Fund?
Navi Nifty Bank Index Fund charges less: 0.23% a year against 0.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Bank Index Fund and Navi Nifty Bank Index Fund overlap?
97.1%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Bank Index Fund or Navi Nifty Bank Index Fund?
On SEBI's riskometer, Bandhan Nifty Bank Index Fund is rated Very High and Navi Nifty Bank Index Fund Very High. Over 1 years, the standard deviation of daily returns was 16.99% and 17.01% a year.
Can I invest in both Bandhan Nifty Bank Index Fund and Navi Nifty Bank 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 Bank Index Fund and Navi Nifty Bank Index Fund?
Bandhan Nifty Bank Index Fund: Abhishek Jain. Navi Nifty Bank Index Fund: Ashutosh Shirwaikar.
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.