Bandhan Nifty IT Index Fund vs HDFC NIFTY IT ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Nifty IT Index Fund is an Index fund and HDFC NIFTY IT ETF is an ETF fund. In the 3 years to 30-10-2026, Bandhan Nifty IT Index Fund (Direct) returned 4.1% a year and HDFC NIFTY IT ETF returned 4.0% a year. Bandhan Nifty IT Index Fund charges 0.54% a year and HDFC NIFTY IT ETF 0.22%. Their portfolios overlap 97.3%: they hold 10 of the same securities.
Bandhan Nifty IT Index Fund
Index
- 3 year return
- 4.1%
- Expense ratio
- 0.54%
- NAV
- ₹11.13
Which is better, Bandhan Nifty IT Index or HDFC NIFTY IT 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 IT Index returned more over 3 years: 4.1% a year against 4.0%.
- HDFC NIFTY IT ETF returned more over 1 year: −7.7% against −8.2%.
- HDFC NIFTY IT ETF costs less: 0.22% a year against 0.54%.
- HDFC NIFTY IT ETF swung less over 3 years: a standard deviation of 22.5% a year against 22.6%.
- HDFC NIFTY IT ETF fell less in its worst fall since 01-09-2023: −42.1% against −42.4%.
- HDFC NIFTY IT ETF is the larger fund: ₹72 Cr against ₹34 Cr.
- Their portfolios overlap 97.3%: 10 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 IT Index Fund | HDFC NIFTY IT ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Category | Index | ETF |
| AUM | ₹34 Cr (31-08-2026) | ₹72 Cr (30-09-2026) |
| NAV | ₹11.13 (Direct) | ₹34.96 |
| Expense ratio (Direct) | 0.54% | Not available |
| Expense ratio (Regular) | 1.19% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty IT TRI | Nifty IT TRI |
| Launch date | 31-08-2023 | 16-11-2022 |
| Minimum investment | ₹1,000 | On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the F |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Abhishek Mor, Arun Agarwal |
| Exit load | Nil | Not available |
Bandhan Nifty IT Index vs HDFC NIFTY IT 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 IT Index Fund (Direct) | +18.02% | +4.76% | +11.76% | −8.17% | +4.09% | -- | -- |
| HDFC NIFTY IT ETF | +18.04% | +4.82% | +12.08% | −7.72% | +3.99% | -- | -- |
Bandhan Nifty IT Index vs HDFC NIFTY IT ETF: Year-wise Returns
| Year | Bandhan Nifty IT IndexBandhan Nifty IT Index | HDFC NIFTY IT ETFHDFC NIFTY IT ETF | Nifty IT TRI |
|---|---|---|---|
| 2026to date | −12.94% | −12.56% | −12.48% |
| 2025 | −10.81% | −10.59% | −10.44% |
| 2024 | +24.01% | +24.06% | +24.42% |
| 2023 | -- | +25.92% | +26.30% |
Bandhan Nifty IT Index vs HDFC NIFTY IT ETF: Rolling Returns
Every holding period of both funds, against Nifty IT TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 39 of them, one for each trading day from 01-09-2026 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.
Bandhan Nifty IT Index Fund (Direct)
HDFC NIFTY IT ETF
Nifty IT TRI
to
Sept 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 IT Index | 64.1 | 35.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.6% | −1.8% | −3.1% | 4.2% | 0% |
| HDFC NIFTY IT ETF | 64.1 | 35.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.7% | −1.9% | −3.2% | 4.1% | 0% |
| Nifty IT TRI | 64.1 | 35.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.5% | −1.7% | −3.0% | 4.3% | -- |
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 IT 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 01-09-2023. Past returns do not promise future returns.
Bandhan Nifty IT Index vs HDFC NIFTY IT 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
₹10,000 on the first trading day of every month, from 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty IT IndexBandhan Nifty IT Index Fund (Direct) | ₹3,80,000 | ₹3,65,573 | −₹14,427 | −2.4% |
| HDFC NIFTY IT ETFHDFC NIFTY IT ETF | ₹3,80,000 | ₹3,67,047 | −₹12,953 | −2.1% |
Bandhan Nifty IT IndexBandhan Nifty IT Index Fund (Direct)
HDFC NIFTY IT ETFHDFC NIFTY IT ETF
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 IT Index vs HDFC NIFTY IT ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty IT Index Fund (Direct) | HDFC NIFTY IT ETF |
|---|---|---|
| Return (CAGR) | −8.17% | −7.72% |
| Standard deviation | 26.09% | 26.09% |
| Sharpe ratio | -0.51 | -0.50 |
| Sortino ratio | -0.72 | -0.70 |
| Maximum drawdown | −34.3% (01-07-2026) | −34.1% (01-07-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.56% | −0.12% |
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 IT Index Fund (Direct) | HDFC NIFTY IT ETF |
|---|---|---|
| Return (CAGR) | +4.09% | +3.99% |
| Standard deviation | 22.60% | 22.54% |
| Sharpe ratio | -0.09 | -0.09 |
| Sortino ratio | -0.13 | -0.13 |
| Maximum drawdown | −42.4% (01-07-2026) | −42.1% (01-07-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.12% | −0.22% |
From daily NAVs, 30-10-2023 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.
| Measure | Bandhan Nifty IT Index Fund (Direct) | HDFC NIFTY IT ETF |
|---|---|---|
| Return (CAGR) | +3.10% | +3.98% |
| Standard deviation | 22.21% | 21.37% |
| Sharpe ratio | -0.13 | -0.10 |
| Sortino ratio | -0.20 | -0.15 |
| Maximum drawdown | −42.4% (01-07-2026) | −42.1% (01-07-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.14% | −0.23% |
From daily NAVs, 01-09-2023 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.
Bandhan Nifty IT Index Fund (Direct)
HDFC NIFTY IT ETF
Nifty IT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty IT Index Fund (Direct) | −42.4% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.9% |
| HDFC NIFTY IT ETF | −42.1% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.4% |
| Nifty IT TRI | −42.0% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.1% |
From daily values since 01-09-2023, 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.
Bandhan Nifty IT Index Fund (Direct)
HDFC NIFTY IT ETF
Nifty IT TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Nifty IT Index Fund (Direct)
HDFC NIFTY IT ETF
Nifty IT TRI
Against Nifty IT TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty IT Index Fund (Direct) | 100% | 101% | 0.63% |
| HDFC NIFTY IT ETF | 100% | 100% | 0.07% |
From month-end values since 01-09-2023. 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 IT Index vs HDFC NIFTY IT ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty IT Index Fund, August 2026; HDFC NIFTY IT ETF, September 2026
Holdings in common
- Overlap
- 97.3%
- Held by both
- 10
- Only in Bandhan Nifty IT Index
- 0
- Only in HDFC NIFTY IT ETF
- 0
| Security | % of Bandhan Nifty IT Index | % of HDFC NIFTY IT ETF |
|---|---|---|
| Infosys Limited | 28.95% | 31.30% |
| Tata Consultancy Services Limited | 20.32% | 19.08% |
| HCL Technologies Limited | 11.47% | 11.81% |
| Tech Mahindra Limited | 10.55% | 10.47% |
| Coforge Limited | 7.05% | 6.59% |
| Persistent Systems Limited | 6.21% | 6.21% |
| Wipro Limited | 5.10% | 4.64% |
| LTM Limited | 4.30% | 4.06% |
| Mphasis Limited | 3.28% | 3.09% |
| Oracle Financial Services Software Limited | 3.05% | 2.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 97.3% means 97.3% 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 IT Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in HDFC NIFTY IT ETF
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 IT Index | HDFC NIFTY IT ETF |
|---|---|---|
| Equity | 100.3% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.3% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Nifty IT Index | HDFC NIFTY IT ETF |
|---|---|---|
| Large Cap | 80.7% | 81.4% |
| Mid Cap | 19.6% | 18.6% |
| 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 IT Index | HDFC NIFTY IT ETF |
|---|---|---|
| IT - Software | 100.3% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty IT Index vs HDFC NIFTY IT ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty IT Index Fund | HDFC NIFTY IT ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | Not available |
| Base expense ratio (Direct) | 0.31% | 0.00% |
| Total expense ratio (Regular) | 1.19% | Not available |
| Base expense ratio (Regular) | 0.88% | 0.17% |
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 IT Index Fund vs HDFC NIFTY IT ETF: Frequently Asked Questions
What is the difference between Bandhan Nifty IT Index Fund and HDFC NIFTY IT ETF?
Bandhan Nifty IT Index Fund is an Index fund, HDFC NIFTY IT ETF is an ETF fund, run by Bandhan Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 97.3%. Bandhan Nifty IT Index Fund charges 0.54% a year and HDFC NIFTY IT ETF 0.22%.
Which has given higher returns, Bandhan Nifty IT Index Fund or HDFC NIFTY IT ETF?
Over 1 year: Bandhan Nifty IT Index Fund −8.17%, HDFC NIFTY IT ETF −7.72%. Over 3 years: Bandhan Nifty IT Index Fund +4.09% a year, HDFC NIFTY IT ETF +3.99% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty IT Index Fund or HDFC NIFTY IT ETF?
HDFC NIFTY IT ETF charges less: 0.22% a year against 0.54%. These are the total expense ratios reported to AMFI.
How much do Bandhan Nifty IT Index Fund and HDFC NIFTY IT ETF overlap?
97.3%. They hold 10 of the same securities, the largest shared ones being INFY, TCS, HCLTECH. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty IT Index Fund or HDFC NIFTY IT ETF?
On SEBI's riskometer, Bandhan Nifty IT Index Fund is rated Very High and HDFC NIFTY IT ETF Very High. Over 3 years, the standard deviation of daily returns was 22.60% and 22.54% a year.
Which is better for SIP, Bandhan Nifty IT Index Fund or HDFC NIFTY IT ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,54,560 in Bandhan Nifty IT Index Fund (XIRR -2.7% a year) and ₹3,56,056 in HDFC NIFTY IT ETF (XIRR -2.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty IT Index Fund and HDFC NIFTY IT ETF?
Yes. 97.3% 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 IT Index Fund and HDFC NIFTY IT ETF?
Bandhan Nifty IT Index Fund: Abhishek Jain. HDFC NIFTY IT ETF: Abhishek Mor, Arun Agarwal.
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.