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    Bandhan Nifty Midcap 150 Index Fund vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Bandhan Nifty Midcap 150 Index Fund is an Index fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an ETF fund. In the year to 30-10-2026, Bandhan Nifty Midcap 150 Index Fund (Direct) returned −4.8% and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF returned −0.1%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF 0.64%. Their portfolios overlap 43.7%: they hold 50 of the same securities.

    Bandhan Nifty Midcap 150 Index Fund

    Index

    1 year return
    −4.8%
    Expense ratio
    0.63%
    NAV
    ₹9.59
    See Bandhan Nifty Midcap 150 Index Fund

    Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

    ETF

    1 year return
    −0.1%
    Expense ratio
    0.64%
    NAV
    ₹49.03
    See Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

    Which is better, Bandhan Nifty Midcap 150 Index or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF returned more over 1 year: −0.1% against −4.8%.
    • Bandhan Nifty Midcap 150 Index costs less: 0.63% a year against 0.64%.
    • Bandhan Nifty Midcap 150 Index fell less in its worst fall since 20-09-2024: −21.1% against −25.6%.
    • Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is the larger fund: ₹464 Cr against ₹93 Cr.
    • Their portfolios overlap 43.7%: 50 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

    FactBandhan Nifty Midcap 150 Index FundMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    Fund houseBandhan Mutual FundMirae Asset Mutual Fund
    CategoryIndexETF
    AUM₹93 Cr (31-08-2026)₹464 Cr (30-09-2026)
    NAV₹9.59 (Direct)₹49.03
    Expense ratio (Direct)0.63%Not available
    Expense ratio (Regular)1.41%Not available
    RiskometerVery HighVery High
    BenchmarkNifty Midcap 150 TRINifty MidSmallcap400 Momentum Quality 100 TRI
    Launch date19-09-202422-05-2024
    Minimum investment₹1,000On exchange in multiple of 1 unit. With AMC: In multiples of 2,00,000 units
    Lock inNoneNone
    Fund managersAbhishek JainEkta Gala, amp, Akshay Udeshi
    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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Bandhan Nifty Midcap 150 Index Fund (Direct)−3.74%−8.57%−4.22%−4.85%------
    Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF−1.55%−3.41%−0.92%−0.12%------

    Bandhan Nifty Midcap 150 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Year-wise Returns

    YearBandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 IndexMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    2026to date−5.41%+2.85%
    2025+5.26%−7.32%

    Bandhan Nifty Midcap 150 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Rolling Returns

    Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of Bandhan Nifty Midcap 150 Index Fund

    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.

    −20%−10%0%10%20%30%
    Oct 2024
    to
    Oct 2025    Dec 2024
    to
    Dec 2025    Mar 2025
    to
    Mar 2026    May 2025
    to
    May 2026    Jul 2025
    to
    Jul 2026    Sept 2025
    to
    Sept 2026
    Bandhan Nifty Midcap 150 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFNifty Midcap 150 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Bandhan Nifty Midcap 150 Index11.622.936.419.68.01.50.07.0%6.7%−6.4%23.0%0%
    Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF39.728.321.79.90.40.00.01.2%1.7%−14.2%15.2%8%
    Nifty Midcap 150 TRI9.518.940.720.77.32.90.07.6%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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 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

    Step up each year
    PeriodFor

    ₹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.

    InvestmentInvestedValue nowGainReturn a year
    Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct) ₹2,60,000 ₹2,57,357 −₹2,643 −0.9%
    Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF ₹2,60,000 ₹2,61,974 ₹1,974 0.7%
    ₹0₹1.0 L₹2.0 L₹3.0 L
    20252026
    Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFAmount 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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureBandhan Nifty Midcap 150 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    Return (CAGR)−4.85%−0.12%
    Standard deviation16.56%17.84%
    Sharpe ratio-0.61-0.30
    Sortino ratio-0.82-0.41
    Maximum drawdown−14.0% (30-03-2026)−14.7% (23-03-2026)
    Beta1.001.00
    Alpha−0.48%−0.60%

    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.

    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.

    −30%−25%−20%−15%−10%−5%0%
    20252026
    Bandhan Nifty Midcap 150 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFNifty Midcap 150 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Bandhan Nifty Midcap 150 Index Fund (Direct)−21.1%24-09-202428-02-202502-01-202610 months−10.6%
    Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF−25.6%15-10-202403-03-2025Not yet--−10.9%
    Nifty Midcap 150 TRI−20.9%24-09-202428-02-202512-11-20258 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.

    0%5%10%15%20%25%
    2026
    Bandhan Nifty Midcap 150 Index Fund (Direct)Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETFNifty Midcap 150 TRI

    Against Nifty Midcap 150 TRI

    FundUp captureDown captureTracking error
    Bandhan Nifty Midcap 150 Index Fund (Direct)98%100%0.30%
    Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF96%106%5.76%

    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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF, September 2026

    Holdings in common

    Overlap
    43.7%
    Held by both
    50
    Only in Bandhan Nifty Midcap 150 Index
    100
    Only in Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    50
    Security% of Bandhan Nifty Midcap 150 Index% of Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    BSE Limited3.13%4.16%
    The Federal Bank Limited2.05%4.11%
    Multi Commodity Exchange of India Limited2.02%3.79%
    Laurus Labs Limited1.74%4.78%
    Hero MotoCorp Limited1.65%2.28%
    Dixon Technologies (India) Limited1.44%2.15%
    AU Small Finance Bank Limited1.44%2.02%
    Persistent Systems Limited1.42%1.63%
    Suzlon Energy Limited1.35%1.91%
    Bharat Forge Limited1.31%2.80%

    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
    One 97 Communications Limited1.69%
    IndusInd Bank Limited1.56%
    Bharat Heavy Electricals Limited1.51%
    PB Fintech Limited1.51%
    IDFC First Bank Limited1.33%

    Largest holdings only in Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF

    Security% of fund
    Welspun Corp Ltd.2.35%
    Sona Blw Precision Forgings Ltd.1.76%
    AnandRathi Wealth Ltd.1.53%
    Acutaas Chemicals Ltd.1.53%
    Karur Vysya Bank Ltd.1.26%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetBandhan Nifty Midcap 150 IndexMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    Equity99.7%100.0%
    Debt0.0%0.0%
    Cash and others0.3%-0.0%

    Market cap of stocks

    Market capBandhan Nifty Midcap 150 IndexMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    Large Cap11.6%11.2%
    Mid Cap83.9%62.9%
    Small Cap4.2%25.9%

    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

    SectorBandhan Nifty Midcap 150 IndexMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    Pharmaceuticals & Biotechnology8.8%16.0%
    Capital Markets7.4%15.0%
    Electrical Equipment7.1%10.5%
    Banks8.8%10.4%
    Industrial Products4.3%9.8%
    Auto Components5.0%6.1%
    IT - Software5.2%5.5%
    Finance5.4%1.3%

    The six largest sectors of each fund's stocks, % of the fund.

    Bandhan Nifty Midcap 150 Index vs Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeBandhan Nifty Midcap 150 Index FundMirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF
    Total expense ratio (Direct)0.63%Not available
    Base expense ratio (Direct)0.14%0.00%
    Total expense ratio (Regular)1.41%Not available
    Base expense ratio (Regular)0.82%0.37%

    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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Frequently Asked Questions

    What is the difference between Bandhan Nifty Midcap 150 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

    Bandhan Nifty Midcap 150 Index Fund is an Index fund, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an ETF fund, run by Bandhan Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 43.7%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF 0.64%.

    Which has given higher returns, Bandhan Nifty Midcap 150 Index Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

    Over 1 year: Bandhan Nifty Midcap 150 Index Fund −4.85%, Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF −0.12%. 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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

    Bandhan Nifty Midcap 150 Index Fund charges less: 0.63% a year against 0.64%. These are the total expense ratios reported to AMFI.

    How much do Bandhan Nifty Midcap 150 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF overlap?

    43.7%. They hold 50 of the same securities, the largest shared ones being BSE, FEDERALBNK, MCX. From each fund's latest monthly portfolio.

    Which is riskier, Bandhan Nifty Midcap 150 Index Fund or Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

    On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.56% and 17.84% a year.

    Can I invest in both Bandhan Nifty Midcap 150 Index Fund and Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

    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 Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF?

    Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF: Ekta Gala, amp, Akshay Udeshi.

    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.

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