Bandhan Nifty Midcap 150 Index Fund vs ITI Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Midcap 150 Index Fund is an Index fund and ITI Mid Cap Fund is a Mid Cap fund. In the year to 30-10-2026, Bandhan Nifty Midcap 150 Index Fund (Direct) returned −4.8% and ITI Mid Cap Fund (Direct) returned −1.3%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and ITI Mid Cap Fund 0.91% (Direct plans). Their portfolios overlap 43.7%: they hold 55 of the same securities.
Bandhan Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.63%
- NAV
- ₹9.59
Which is better, Bandhan Nifty Midcap 150 Index or ITI Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Mid Cap returned more over 1 year: −1.3% against −4.8%.
- Bandhan Nifty Midcap 150 Index costs less: 0.63% a year against 0.91% (Direct plans).
- Bandhan Nifty Midcap 150 Index fell less in its worst fall since 20-09-2024: −21.1% against −22.4%.
- ITI Mid Cap is the larger fund: ₹1,453 Cr against ₹93 Cr.
- Their portfolios overlap 43.7%: 55 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 | ITI Mid Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ITI Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹93 Cr (31-08-2026) | ₹1,453 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹23.54 (Direct) |
| Expense ratio (Direct) | 0.63% | 0.91% |
| Expense ratio (Regular) | 1.41% | 2.44% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 19-09-2024 | 05-03-2021 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Alok Ranjan, Dhimant Shah |
| Exit load | • 0.25% if redeemed on or before 15 days from the allotment date. • Nil if redeemed after 15 days from allotment date. | Exit load of 0.50%, if redeemed within 3 months. |
Bandhan Nifty Midcap 150 Index vs ITI Mid Cap: 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% | -- | -- | -- |
| ITI Mid Cap Fund (Direct) | −4.97% | −7.62% | −2.16% | −1.25% | +17.72% | +14.03% | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Bandhan Nifty Midcap 150 Index vs ITI Mid Cap: Year-wise Returns
| Year | Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index | ITI Mid CapITI Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.41% | −3.67% | −4.97% |
| 2025 | +5.26% | +6.57% | +5.98% |
| 2024 | -- | +32.42% | +24.46% |
| 2023 | -- | +43.86% | +44.61% |
| 2022 | -- | +4.02% | +3.91% |
Bandhan Nifty Midcap 150 Index vs ITI Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 275 of them, one for each trading day from 22-09-2025 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 Midcap 150 Index Fund (Direct)
ITI Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 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 Midcap 150 Index | 11.6 | 22.9 | 36.4 | 19.6 | 8.0 | 1.5 | 0.0 | 7.0% | 6.7% | −6.4% | 23.0% | 0% |
| ITI Mid Cap | 11.4 | 13.7 | 31.4 | 25.5 | 14.0 | 4.1 | 0.0 | 8.9% | 9.0% | −8.2% | 24.2% | 68% |
| Nifty Midcap 150 TRI | 9.5 | 18.9 | 40.7 | 20.7 | 7.3 | 2.9 | 0.0 | 7.6% | 7.3% | −5.7% | 23.9% | -- |
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 Midcap 150 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 20-09-2024. Past returns do not promise future returns.
Bandhan Nifty Midcap 150 Index vs ITI Mid Cap: 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 20-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct) | ₹2,60,000 | ₹2,57,357 | −₹2,643 | −0.9% |
| ITI Mid CapITI Mid Cap Fund (Direct) | ₹2,60,000 | ₹2,64,043 | ₹4,043 | 1.4% |
Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)
ITI Mid CapITI Mid Cap 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 Midcap 150 Index vs ITI Mid Cap: 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) | ITI Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.85% | −1.25% |
| Standard deviation | 16.56% | 16.73% |
| Sharpe ratio | -0.61 | -0.39 |
| Sortino ratio | -0.82 | -0.52 |
| Maximum drawdown | −14.0% (30-03-2026) | −14.2% (31-03-2026) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.48% | +3.04% |
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 Midcap 150 Index Fund (Direct) | ITI Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.63% | +16.40% |
| Standard deviation | 16.97% | 16.21% |
| Sharpe ratio | -0.49 | 0.67 |
| Sortino ratio | -0.65 | 0.89 |
| Maximum drawdown | −21.1% (28-02-2025) | −22.7% (20-06-2022) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.61% | +0.42% |
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)
ITI Mid Cap 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) | −21.1% | 24-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.6% |
| ITI Mid Cap Fund (Direct) | −22.4% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −11.2% |
| Nifty Midcap 150 TRI | −20.9% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −10.5% |
From daily values since 20-09-2024, 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 Midcap 150 Index Fund (Direct)
ITI Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty Midcap 150 Index Fund (Direct) | 98% | 100% | 0.30% |
| ITI Mid Cap Fund (Direct) | 102% | 100% | 3.39% |
From month-end values since 20-09-2024. 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 Midcap 150 Index vs ITI Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; ITI Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 43.7%
- Held by both
- 55
- Only in Bandhan Nifty Midcap 150 Index
- 95
- Only in ITI Mid Cap
- 38
| Security | % of Bandhan Nifty Midcap 150 Index | % of ITI Mid Cap |
|---|---|---|
| The Federal Bank Limited | 2.05% | 2.88% |
| One 97 Communications Limited | 1.69% | 1.92% |
| Bharat Heavy Electricals Limited | 1.51% | 1.52% |
| IndusInd Bank Limited | 1.56% | 1.49% |
| AU Small Finance Bank Limited | 1.44% | 1.57% |
| IDFC First Bank Limited | 1.33% | 1.82% |
| GE Vernova T&D India Limited | 1.28% | 1.65% |
| PB Fintech Limited | 1.51% | 1.27% |
| Bharat Forge Limited | 1.31% | 1.25% |
| BSE Limited | 3.13% | 1.17% |
| Ashok Leyland Limited | 1.17% | 1.36% |
| Dixon Technologies (India) Limited | 1.44% | 1.15% |
| Info Edge (India) Limited | 1.17% | 1.15% |
| Multi Commodity Exchange of India Limited | 2.02% | 1.14% |
| Aurobindo Pharma Limited | 1.11% | 1.13% |
| Fortis Healthcare Limited | 1.10% | 1.97% |
| Marico Limited | 1.01% | 1.55% |
| Max Financial Services Limited | 0.97% | 1.11% |
| Yes Bank Limited | 0.94% | 1.33% |
| Polycab India Limited | 1.18% | 0.87% |
| Radico Khaitan Limited | 0.82% | 1.82% |
| KEI Industries Limited | 0.83% | 0.80% |
| National Aluminium Company Limited | 0.80% | 1.17% |
| GMR Airports Limited | 0.78% | 0.96% |
| JSW Energy Limited | 0.74% | 1.28% |
| Sundaram Finance Limited | 0.73% | 1.38% |
| Apar Industries Limited | 0.70% | 1.44% |
| Oracle Financial Services Software Limited | 0.70% | 1.43% |
| Biocon Limited | 0.69% | 0.85% |
| Tube Investments of India Limited | 0.69% | 1.43% |
| Swiggy Limited | 0.93% | 0.65% |
| Hitachi Energy India Limited | 1.00% | 0.64% |
| Mankind Pharma Limited | 0.64% | 0.66% |
| Persistent Systems Limited | 1.42% | 0.61% |
| Mahindra & Mahindra Financial Services Limited | 0.58% | 0.80% |
| Lloyds Metals And Energy Limited | 0.54% | 1.51% |
| Lupin Limited | 1.24% | 0.53% |
| Supreme Industries Limited | 0.53% | 0.83% |
| L&T Finance Limited | 0.64% | 0.51% |
| Oberoi Realty Limited | 0.51% | 1.03% |
| SRF Limited | 0.87% | 0.50% |
| JK Cement Limited | 0.50% | 1.24% |
| IPCA Laboratories Limited | 0.64% | 0.48% |
| Blue Star Limited | 0.44% | 1.17% |
| LG Electronics India Ltd | 0.40% | 1.25% |
| Bank of Maharashtra | 0.39% | 0.46% |
| Motilal Oswal Financial Services Limited | 0.38% | 1.49% |
| Schaeffler India Limited | 0.38% | 0.81% |
| Thermax Limited | 0.35% | 0.83% |
| Steel Authority of India Limited | 0.66% | 0.33% |
| Abbott India Limited | 0.31% | 1.00% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.29% | 0.86% |
| Bharti Hexacom Limited | 0.27% | 1.04% |
| Housing & Urban Development Corporation Limited | 0.21% | 1.08% |
| NTPC Green Energy Limited | 0.19% | 0.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.7% means 43.7% 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 |
|---|---|
| Laurus Labs Limited | 1.74% |
| Hero MotoCorp Limited | 1.65% |
| Coforge Limited | 1.61% |
| Suzlon Energy Limited | 1.35% |
| Life Insurance Corporation Of India | 1.24% |
Largest holdings only in ITI Mid Cap Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Limited | 1.65% |
| Solar Industries India Limited | 1.65% |
| Ather Energy Limited | 1.63% |
| Anupam Rasayan India Limited | 1.58% |
| Sona BLW Precision Forgings Limited | 1.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Midcap 150 Index | ITI Mid Cap |
|---|---|---|
| Equity | 99.7% | 97.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 2.9% |
Market cap of stocks
| Market cap | Bandhan Nifty Midcap 150 Index | ITI Mid Cap |
|---|---|---|
| Large Cap | 11.6% | 14.5% |
| Mid Cap | 83.9% | 65.0% |
| Small Cap | 4.2% | 15.0% |
| Not on AMFI's list | 0.0% | 2.7% |
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 | ITI Mid Cap |
|---|---|---|
| Banks | 8.8% | 12.1% |
| Pharmaceuticals & Biotechnology | 8.8% | 8.3% |
| Finance | 5.4% | 7.9% |
| Capital Markets | 7.4% | 3.8% |
| Auto Components | 5.0% | 7.4% |
| Electrical Equipment | 7.1% | 6.1% |
| Industrial Products | 4.3% | 5.6% |
| IT - Software | 5.2% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Midcap 150 Index vs ITI Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Midcap 150 Index Fund | ITI Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 0.91% |
| Base expense ratio (Direct) | 0.14% | 0.49% |
| Total expense ratio (Regular) | 1.41% | 2.44% |
| Base expense ratio (Regular) | 0.82% | 1.83% |
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.
More comparisons
Each fund against the others of its category
Bandhan Nifty Midcap 150 Index Fund vs ITI Mid Cap Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Midcap 150 Index Fund and ITI Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund is an Index fund, ITI Mid Cap Fund is a Mid Cap fund, run by Bandhan Mutual Fund and ITI Mutual Fund. Their portfolios overlap 43.7%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and ITI Mid Cap Fund 0.91%.
Which has given higher returns, Bandhan Nifty Midcap 150 Index Fund or ITI Mid Cap Fund?
Over 1 year: Bandhan Nifty Midcap 150 Index Fund −4.85%, ITI Mid Cap Fund −1.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty Midcap 150 Index Fund or ITI Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund charges less: 0.63% a year against 0.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Midcap 150 Index Fund and ITI Mid Cap Fund overlap?
43.7%. They hold 55 of the same securities, the largest shared ones being FEDERALBNK, PAYTM, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Midcap 150 Index Fund or ITI Mid Cap Fund?
On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and ITI Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.56% and 16.73% a year.
Can I invest in both Bandhan Nifty Midcap 150 Index Fund and ITI Mid Cap Fund?
Yes. 43.7% 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 ITI Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. ITI Mid Cap Fund: Alok Ranjan, Dhimant Shah.
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.