Bandhan Nifty Midcap 150 Index Fund vs Groww Nifty Midcap 150 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Midcap 150 Index Fund is an Index fund and Groww Nifty Midcap 150 Index Fund is an Index fund. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Groww Nifty Midcap 150 Index Fund 0.54% (Direct plans). Their portfolios overlap 88.6%: they hold 137 of the same securities.
Bandhan Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.63%
- NAV
- ₹9.59
Groww Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.54%
- NAV
- ₹9.42
Which is better, Bandhan Nifty Midcap 150 Index or Groww Nifty Midcap 150 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty Midcap 150 Index costs less: 0.54% a year against 0.63% (Direct plans).
- Bandhan Nifty Midcap 150 Index fell less in its worst fall since 17-11-2025: −14.0% against −14.0%.
- Bandhan Nifty Midcap 150 Index is the larger fund: ₹93 Cr against ₹15 Cr.
- Their portfolios overlap 88.6%: 137 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 Midcap 150 Index Fund | Groww Nifty Midcap 150 Index Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Groww Mutual Fund |
| Category | Index | Index |
| AUM | ₹93 Cr (31-08-2026) | ₹15 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹9.42 (Direct) |
| Expense ratio (Direct) | 0.63% | 0.54% |
| Expense ratio (Regular) | 1.41% | 1.18% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Next 50 TRI |
| Launch date | 19-09-2024 | 13-11-2025 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | • 0.25% if redeemed on or before 15 days from the allotment date. • Nil if redeemed after 15 days from allotment date. | Nil |
Bandhan Nifty Midcap 150 Index vs Groww Nifty Midcap 150 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 Midcap 150 Index Fund (Direct) | −3.74% | −8.57% | −4.22% | −4.85% | -- | -- | -- |
| Groww Nifty Midcap 150 Index Fund (Direct) | −3.72% | −8.68% | −4.31% | -- | -- | -- | -- |
Bandhan Nifty Midcap 150 Index vs Groww Nifty Midcap 150 Index: Year-wise Returns
| Year | BandhanBandhan Nifty Midcap 150 Index | GrowwGroww Nifty Midcap 150 Index |
|---|---|---|
| 2026to date | −5.41% | −5.47% |
| 2025 | +5.26% | -- |
Bandhan Nifty Midcap 150 Index vs Groww Nifty Midcap 150 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of Bandhan Nifty Midcap 150 Index Fund
Bandhan Nifty Midcap 150 Index vs Groww Nifty Midcap 150 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty Midcap 150 Index Fund (Direct) | Groww Nifty Midcap 150 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.63% | −6.67% |
| Standard deviation | 16.97% | 16.87% |
| Sharpe ratio | -0.49 | -0.71 |
| Sortino ratio | -0.65 | -0.94 |
| Maximum drawdown | −21.1% (28-02-2025) | −14.0% (31-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.61% | −4.69% |
From daily NAVs, 20-09-2024 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 Midcap 150 Index Fund (Direct)
Groww Nifty Midcap 150 Index Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty Midcap 150 Index Fund (Direct) | −14.0% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.6% |
| Groww Nifty Midcap 150 Index Fund (Direct) | −14.0% | 07-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −10.7% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 17-11-2025, the first day every fund has.
Bandhan Nifty Midcap 150 Index vs Groww Nifty Midcap 150 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; Groww Nifty Midcap 150 Index Fund, September 2026
Holdings in common
- Overlap
- 88.6%
- Held by both
- 137
- Only in Bandhan Nifty Midcap 150 Index
- 13
- Only in Groww Nifty Midcap 150 Index
- 13
| Security | % of Bandhan Nifty Midcap 150 Index | % of Groww Nifty Midcap 150 Index |
|---|---|---|
| Multi Commodity Exchange of India Limited | 2.02% | 2.08% |
| The Federal Bank Limited | 2.05% | 1.94% |
| Laurus Labs Limited | 1.74% | 1.90% |
| One 97 Communications Limited | 1.69% | 1.78% |
| Hero MotoCorp Limited | 1.65% | 1.68% |
| Coforge Limited | 1.61% | 1.50% |
| Bharat Heavy Electricals Limited | 1.51% | 1.49% |
| IndusInd Bank Limited | 1.56% | 1.47% |
| AU Small Finance Bank Limited | 1.44% | 1.45% |
| Persistent Systems Limited | 1.42% | 1.42% |
| Dixon Technologies (India) Limited | 1.44% | 1.34% |
| IDFC First Bank Limited | 1.33% | 1.33% |
| Bharat Forge Limited | 1.31% | 1.32% |
| GE Vernova T&D India Limited | 1.28% | 1.28% |
| Life Insurance Corporation Of India | 1.24% | 1.24% |
| Lupin Limited | 1.24% | 1.22% |
| Suzlon Energy Limited | 1.35% | 1.19% |
| Indus Towers Limited | 1.17% | 1.19% |
| Info Edge (India) Limited | 1.17% | 1.17% |
| Aurobindo Pharma Limited | 1.11% | 1.14% |
| Ashok Leyland Limited | 1.17% | 1.09% |
| FSN E-Commerce Ventures Limited | 1.12% | 1.08% |
| Marico Limited | 1.01% | 1.03% |
| Fortis Healthcare Limited | 1.10% | 0.99% |
| APL Apollo Tubes Limited | 0.94% | 0.98% |
| PB Fintech Limited | 1.51% | 0.93% |
| Swiggy Limited | 0.93% | 0.93% |
| Yes Bank Limited | 0.94% | 0.91% |
| Max Financial Services Limited | 0.97% | 0.90% |
| ICICI Lombard General Insurance Company Limited | 0.89% | 0.96% |
| SRF Limited | 0.87% | 0.89% |
| Glenmark Pharmaceuticals Limited | 0.87% | 0.87% |
| The Phoenix Mills Limited | 0.83% | 0.89% |
| Hindustan Petroleum Corporation Limited | 0.82% | 0.83% |
| Radico Khaitan Limited | 0.82% | 0.84% |
| Aditya Birla Capital Limited | 0.79% | 0.80% |
| GMR Airports Limited | 0.78% | 0.82% |
| National Aluminium Company Limited | 0.80% | 0.75% |
| JSW Energy Limited | 0.74% | 0.75% |
| UPL Limited | 0.74% | 0.75% |
| Alkem Laboratories Limited | 0.73% | 0.77% |
| Sundaram Finance Limited | 0.73% | 0.74% |
| Mphasis Limited | 0.75% | 0.70% |
| Indian Bank | 0.74% | 0.70% |
| Apar Industries Limited | 0.70% | 0.80% |
| Vishal Mega Mart Limited | 0.72% | 0.70% |
| KEI Industries Limited | 0.83% | 0.68% |
| NHPC Limited | 0.67% | 0.68% |
| 360 One WAM Limited | 0.71% | 0.67% |
| NMDC Limited | 0.71% | 0.65% |
| Steel Authority of India Limited | 0.66% | 0.65% |
| IPCA Laboratories Limited | 0.64% | 0.66% |
| Mankind Pharma Limited | 0.64% | 0.70% |
| Biocon Limited | 0.69% | 0.64% |
| Havells India Limited | 0.73% | 0.63% |
| Tube Investments of India Limited | 0.69% | 0.63% |
| Oracle Financial Services Software Limited | 0.70% | 0.62% |
| Prestige Estates Projects Limited | 0.64% | 0.62% |
| Oil India Limited | 0.61% | 0.60% |
| Voltas Limited | 0.64% | 0.60% |
| MRF Limited | 0.63% | 0.59% |
| Colgate Palmolive (India) Limited | 0.58% | 0.57% |
| Waaree Energies Limited | 0.58% | 0.56% |
| L&T Finance Limited | 0.64% | 0.56% |
| Godrej Properties Limited | 0.64% | 0.54% |
| Lloyds Metals And Energy Limited | 0.54% | 0.64% |
| Torrent Power Limited | 0.54% | 0.58% |
| Mahindra & Mahindra Financial Services Limited | 0.58% | 0.53% |
| Supreme Industries Limited | 0.53% | 0.55% |
| Page Industries Limited | 0.53% | 0.56% |
| Petronet LNG Limited | 0.53% | 0.53% |
| UNO Minda Limited | 0.54% | 0.52% |
| Kalyan Jewellers India Limited | 0.54% | 0.52% |
| Dabur India Limited | 0.52% | 0.55% |
| Lenskart Solutions Limited | 0.52% | 1.24% |
| Coromandel International Limited | 0.53% | 0.52% |
| Oberoi Realty Limited | 0.51% | 0.51% |
| Jindal Stainless Limited | 0.51% | 0.58% |
| JK Cement Limited | 0.50% | 0.52% |
| Nippon Life India Asset Management Limited | 0.49% | 0.48% |
| Tata Communications Limited | 0.47% | 0.48% |
| JSW Infrastructure Ltd | 0.47% | 0.53% |
| Exide Industries Limited | 0.47% | 0.46% |
| Gujarat Fluorochemicals Limited | 0.46% | 0.46% |
| PI Industries Limited | 0.45% | 0.46% |
| Jubilant Foodworks Limited | 0.45% | 0.44% |
| Blue Star Limited | 0.44% | 0.49% |
| ICICI Prudential Life Insurance Company Limited | 0.48% | 0.43% |
| SBI Cards and Payment Services Limited | 0.45% | 0.42% |
| ITC Hotels Limited | 0.42% | 0.45% |
| Balkrishna Industries Limited | 0.43% | 0.42% |
| Astral Limited | 0.43% | 0.41% |
| LG Electronics India Ltd | 0.40% | 0.43% |
| Adani Total Gas Limited | 0.40% | 0.41% |
| Bank of Maharashtra | 0.39% | 0.40% |
| Bank of India | 0.40% | 0.39% |
| Container Corporation of India Limited | 0.41% | 0.38% |
| LIC Housing Finance Limited | 0.38% | 0.39% |
| Motilal Oswal Financial Services Limited | 0.38% | 0.39% |
| Schaeffler India Limited | 0.38% | 0.39% |
| AIA Engineering Limited | 0.39% | 0.37% |
| Ajanta Pharma Limited | 0.35% | 0.41% |
| Authum Investment And Infrastructure Limited | 0.35% | 0.36% |
| ICICI Prudential Asset Management Company Limited | 0.35% | 0.45% |
| Billionbrains Garage Ventures Ltd | 0.34% | 0.65% |
| Indian Railway Catering And Tourism Corporation Limited | 0.34% | 0.34% |
| Dalmia Bharat Limited | 0.34% | 0.33% |
| HDB Financial Services Limited | 0.34% | 0.33% |
| General Insurance Corporation of India | 0.33% | 0.32% |
| Thermax Limited | 0.35% | 0.32% |
| Berger Paints (I) Limited | 0.33% | 0.32% |
| Abbott India Limited | 0.31% | 0.35% |
| Linde India Limited | 0.31% | 0.33% |
| K.P.R. Mill Limited | 0.31% | 0.30% |
| Cochin Shipyard Limited | 0.30% | 0.31% |
| Global Health Limited | 0.30% | 0.30% |
| Premier Energies Limited | 0.29% | 0.31% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.29% | 0.28% |
| Rail Vikas Nigam Limited | 0.28% | 0.28% |
| Patanjali Foods Limited | 0.28% | 0.31% |
| CRISIL Limited | 0.27% | 0.27% |
| Bharti Hexacom Limited | 0.27% | 0.26% |
| Bharat Dynamics Limited | 0.27% | 0.25% |
| Endurance Technologies Limited | 0.24% | 0.23% |
| NLC India Limited | 0.23% | 0.24% |
| Escorts Kubota Limited | 0.23% | 0.22% |
| Bajaj Housing Finance Limited | 0.22% | 0.22% |
| L&T Technology Services Limited | 0.23% | 0.22% |
| Indian Renewable Energy Development Agency Limited | 0.22% | 0.22% |
| Housing & Urban Development Corporation Limited | 0.21% | 0.21% |
| United Breweries Limited | 0.22% | 0.21% |
| Tata Investment Corporation Limited | 0.20% | 0.20% |
| Anthem Biosciences Limited | 0.19% | 0.23% |
| NTPC Green Energy Limited | 0.19% | 0.21% |
| Godfrey Phillips India Limited | 0.20% | 0.19% |
| Hexaware Technologies Limited | 0.19% | 0.18% |
| Godrej Industries Limited | 0.11% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 88.6% means 88.6% 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 Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| BSE Limited | 3.13% |
| Polycab India Limited | 1.18% |
| Hitachi Energy India Limited | 1.00% |
| Vodafone Idea Limited | 0.92% |
| Apollo Tyres Limited | 0.33% |
Largest holdings only in Groww Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| The Indian Hotels Company Limited | 1.58% |
| United Spirits Limited | 0.99% |
| Embassy Office Parks REIT | 0.94% |
| REC Limited | 0.92% |
| Lodha Developers Limited | 0.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Midcap 150 Index | Groww Nifty Midcap 150 Index |
|---|---|---|
| Equity | 99.7% | 99.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 0.9% |
Market cap of stocks
| Market cap | Bandhan Nifty Midcap 150 Index | Groww Nifty Midcap 150 Index |
|---|---|---|
| Large Cap | 11.6% | 5.7% |
| Mid Cap | 83.9% | 90.9% |
| Small Cap | 4.2% | 2.5% |
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 Midcap 150 Index | Groww Nifty Midcap 150 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 8.8% | 9.2% |
| Banks | 8.8% | 8.7% |
| Capital Markets | 7.4% | 4.7% |
| Electrical Equipment | 7.1% | 6.0% |
| Finance | 5.4% | 6.8% |
| Retailing | 4.5% | 5.6% |
| IT - Software | 5.2% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Midcap 150 Index vs Groww Nifty Midcap 150 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Midcap 150 Index Fund | Groww Nifty Midcap 150 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 0.54% |
| Base expense ratio (Direct) | 0.14% | 0.34% |
| Total expense ratio (Regular) | 1.41% | 1.18% |
| Base expense ratio (Regular) | 0.82% | 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 Midcap 150 Index Fund vs Groww Nifty Midcap 150 Index Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Midcap 150 Index Fund and Groww Nifty Midcap 150 Index Fund?
Bandhan Nifty Midcap 150 Index Fund is an Index fund, Groww Nifty Midcap 150 Index Fund is an Index fund, run by Bandhan Mutual Fund and Groww Mutual Fund. Their portfolios overlap 88.6%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Groww Nifty Midcap 150 Index Fund 0.54%.
Which has the lower expense ratio, Bandhan Nifty Midcap 150 Index Fund or Groww Nifty Midcap 150 Index Fund?
Groww Nifty Midcap 150 Index Fund charges less: 0.54% a year against 0.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Midcap 150 Index Fund and Groww Nifty Midcap 150 Index Fund overlap?
88.6%. They hold 137 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Midcap 150 Index Fund or Groww Nifty Midcap 150 Index Fund?
On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and Groww Nifty Midcap 150 Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.97% and 16.87% a year.
Can I invest in both Bandhan Nifty Midcap 150 Index Fund and Groww Nifty Midcap 150 Index Fund?
Yes. 88.6% 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 Midcap 150 Index Fund and Groww Nifty Midcap 150 Index Fund?
Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. Groww Nifty Midcap 150 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar.
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.