Bandhan Nifty Midcap 150 Index Fund vs Motilal Oswal 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 Motilal Oswal Nifty Midcap 150 Index Fund is an Index fund. In the year to 30-10-2026, Bandhan Nifty Midcap 150 Index Fund (Direct) returned −4.8% and Motilal Oswal Nifty Midcap 150 Index Fund (Direct) returned −4.5%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Motilal Oswal Nifty Midcap 150 Index Fund 0.39% (Direct plans). Their portfolios overlap 88.6%: they hold 137 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

Motilal Oswal Nifty Midcap 150 Index Fund

Index

1 year return: −4.5%
Expense ratio: 0.39%
NAV: ₹38.23

See Motilal Oswal Nifty Midcap 150 Index Fund

Which is better, Bandhan Nifty Midcap 150 Index or Motilal Oswal 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.

Motilal Oswal Nifty Midcap 150 Index returned more over 1 year: −4.5% against −4.8%.
Motilal Oswal Nifty Midcap 150 Index costs less: 0.39% a year against 0.63% (Direct plans).
Motilal Oswal Nifty Midcap 150 Index fell less in its worst fall since 20-09-2024: −21.0% against −21.1%.
Motilal Oswal Nifty Midcap 150 Index is the larger fund: ₹3,995 Cr against ₹93 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.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Bandhan Nifty Midcap 150 Index Fund (Direct)
−5.5%
Motilal Oswal Nifty Midcap 150 Index Fund (Direct)
−4.6%

Change in NAV from 20-09-2024 to 30-10-2026

−20%−10%0%+10%

Key facts

From each fund's scheme summary document and AMFI

Fact	Bandhan Nifty Midcap 150 Index Fund	Motilal Oswal Nifty Midcap 150 Index Fund
Fund house	Bandhan Mutual Fund	Motilal Oswal Mutual Fund
Category	Index	Index
AUM	₹93 Cr (31-08-2026)	₹3,995 Cr (30-09-2026)
NAV	₹9.59 (Direct)	₹38.23 (Direct)
Expense ratio (Direct)	0.63%	0.39%
Expense ratio (Regular)	1.41%	1.13%
Riskometer	Very High	Very High
Benchmark	Nifty Midcap 150 TRI	Nifty Midcap 150 TRI
Launch date	19-09-2024	06-09-2019
Minimum investment	₹1,000	₹500
Lock in	None	None
Fund managers	Abhishek Jain	Swapnil Mayekar
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 1%, if redeemed within 15 days.

Bandhan Nifty Midcap 150 Index vs Motilal Oswal 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%	--	--	--
Motilal Oswal Nifty Midcap 150 Index Fund (Direct)	−3.69%	−8.51%	−4.04%	−4.52%	+13.61%	+13.59%	--

Bandhan Nifty Midcap 150 Index vs Motilal Oswal Nifty Midcap 150 Index: Year-wise Returns

Year	BandhanBandhan Nifty Midcap 150 Index	Motilal OswalMotilal Oswal Nifty Midcap 150 Index	Nifty Midcap 150 TRI
2026to date	−5.41%	−5.11%	−4.97%
2025	+5.26%	+5.81%	+5.98%
2024	--	+24.19%	+24.46%
2023	--	+44.31%	+44.61%
2022	--	+3.61%	+3.91%
2021	--	+46.89%	+48.16%

Bandhan Nifty Midcap 150 Index vs Motilal Oswal Nifty Midcap 150 Index: 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.

−10%0%10%20%30%

Oct 2024
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026

Bandhan Nifty Midcap 150 Index Fund (Direct)Motilal Oswal Nifty Midcap 150 Index Fund (Direct)Nifty Midcap 150 TRI

How the periods spread

Fund	Below 0%	0-5%	5-10%	10-15%	15-20%	20-25%	Mean	Median	Lowest	Highest	Beat benchmark
Bandhan Nifty Midcap 150 Index	11.6	22.9	36.4	19.6	8.0	1.5	7.0%	6.7%	−6.4%	23.0%	0%
Motilal Oswal Nifty Midcap 150 Index	10.7	20.3	38.7	20.7	7.4	2.2	7.4%	7.1%	−5.9%	21.6%	1%
Nifty Midcap 150 TRI	9.5	18.9	40.7	20.7	7.3	2.9	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 Motilal Oswal Nifty Midcap 150 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

Every month₹

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.

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%
Motilal Oswal Nifty Midcap 150 IndexMotilal Oswal Nifty Midcap 150 Index Fund (Direct)	₹2,60,000	₹2,58,675	−₹1,325	−0.5%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)Motilal Oswal Nifty Midcap 150 IndexMotilal Oswal Nifty Midcap 150 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 Midcap 150 Index vs Motilal Oswal 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)	Motilal Oswal Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	−4.85%	−4.52%
Standard deviation	16.56%	16.55%
Sharpe ratio	-0.61	-0.59
Sortino ratio	-0.82	-0.79
Maximum drawdown	−14.0% (30-03-2026)	−13.9% (30-03-2026)
Beta	1.00	1.00
Alpha	−0.48%	−0.15%

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)	Motilal Oswal Nifty Midcap 150 Index Fund (Direct)
Return (CAGR)	−2.63%	+20.40%
Standard deviation	16.97%	18.27%
Sharpe ratio	-0.49	0.84
Sortino ratio	-0.65	1.10
Maximum drawdown	−21.1% (28-02-2025)	−37.2% (23-03-2020)
Beta	1.00	0.99
Alpha	−0.61%	−0.08%

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.

−25%−20%−15%−10%−5%0%

20252026

Bandhan Nifty Midcap 150 Index Fund (Direct)Motilal Oswal 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)	−21.1%	24-09-2024	28-02-2025	02-01-2026	10 months	−10.6%
Motilal Oswal Nifty Midcap 150 Index Fund (Direct)	−21.0%	24-09-2024	28-02-2025	17-11-2025	9 months	−10.5%
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.

0%5%10%15%20%

2026

Bandhan Nifty Midcap 150 Index Fund (Direct)Motilal Oswal Nifty Midcap 150 Index 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%
Motilal Oswal Nifty Midcap 150 Index Fund (Direct)	99%	100%	0.05%

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 Motilal Oswal Nifty Midcap 150 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; Motilal Oswal 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 Motilal Oswal Nifty Midcap 150 Index: 12

Security	% of Bandhan Nifty Midcap 150 Index	% of Motilal Oswal Nifty Midcap 150 Index
Multi Commodity Exchange of India Limited	2.02%	2.08%
The Federal Bank Limited	2.05%	1.93%
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%	1.46%
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%	1.18%
Indus Towers Limited	1.17%	1.18%
Info Edge (India) Limited	1.17%	1.16%
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%	0.95%
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%	0.81%
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%
Vishal Mega Mart Limited	0.72%	0.70%
Apar Industries Limited	0.70%	0.80%
KEI Industries Limited	0.83%	0.68%
360 One WAM Limited	0.71%	0.67%
NHPC Limited	0.67%	0.68%
NMDC Limited	0.71%	0.65%
Steel Authority of India Limited	0.66%	0.65%
Biocon Limited	0.69%	0.64%
IPCA Laboratories Limited	0.64%	0.66%
Mankind Pharma Limited	0.64%	0.70%
Havells India Limited	0.73%	0.63%
Oracle Financial Services Software Limited	0.70%	0.63%
MRF Limited	0.63%	0.63%
Tube Investments of India Limited	0.69%	0.62%
Prestige Estates Projects Limited	0.64%	0.62%
Voltas Limited	0.64%	0.60%
Oil India Limited	0.61%	0.60%
Colgate Palmolive (India) Limited	0.58%	0.57%
L&T Finance Limited	0.64%	0.56%
Waaree Energies Limited	0.58%	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%
Petronet LNG Limited	0.53%	0.53%
Page Industries Limited	0.53%	0.57%
Kalyan Jewellers India Limited	0.54%	0.52%
UNO Minda Limited	0.54%	0.52%
Coromandel International Limited	0.53%	0.52%
Dabur India Limited	0.52%	0.55%
Lenskart Solutions Limited	0.52%	1.24%
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%	0.52%
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%
Balkrishna Industries Limited	0.43%	0.42%
ITC Hotels Limited	0.42%	0.45%
Astral Limited	0.43%	0.41%
LG Electronics India Ltd	0.40%	0.43%
Adani Total Gas Limited	0.40%	0.41%
Bank of India	0.40%	0.39%
Bank of Maharashtra	0.39%	0.40%
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%
Thermax Limited	0.35%	0.32%
Berger Paints (I) Limited	0.33%	0.32%
General Insurance Corporation of India	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%
Global Health Limited	0.30%	0.30%
Cochin Shipyard Limited	0.30%	0.31%
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%	0.23%
L&T Technology Services Limited	0.23%	0.22%
Escorts Kubota Limited	0.23%	0.22%
Indian Renewable Energy Development Agency Limited	0.22%	0.22%
Bajaj Housing Finance Limited	0.22%	0.22%
United Breweries Limited	0.22%	0.21%
Housing & Urban Development Corporation Limited	0.21%	0.21%
Tata Investment Corporation Limited	0.20%	0.20%
Godfrey Phillips India Limited	0.20%	0.19%
Anthem Biosciences Limited	0.19%	0.23%
NTPC Green Energy Limited	0.19%	0.21%
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 Motilal Oswal Nifty Midcap 150 Index Fund

Security	% of fund
The Indian Hotels Company Limited	1.58%
United Spirits Limited	0.99%
REC Limited	0.92%
Lodha Developers Limited	0.83%
Shree Cement Limited	0.74%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Bandhan Nifty Midcap 150 Index	Motilal Oswal 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	Motilal Oswal 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	Motilal Oswal 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%	5.9%
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 Motilal Oswal 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	Motilal Oswal Nifty Midcap 150 Index Fund
Total expense ratio (Direct)	0.63%	0.39%
Base expense ratio (Direct)	0.14%	0.23%
Total expense ratio (Regular)	1.41%	1.13%
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 Motilal Oswal Nifty Midcap 150 Index Fund: Frequently Asked Questions

What is the difference between Bandhan Nifty Midcap 150 Index Fund and Motilal Oswal Nifty Midcap 150 Index Fund?

Bandhan Nifty Midcap 150 Index Fund is an Index fund, Motilal Oswal Nifty Midcap 150 Index Fund is an Index fund, run by Bandhan Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 88.6%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Motilal Oswal Nifty Midcap 150 Index Fund 0.39%.

Which has given higher returns, Bandhan Nifty Midcap 150 Index Fund or Motilal Oswal Nifty Midcap 150 Index Fund?

Over 1 year: Bandhan Nifty Midcap 150 Index Fund −4.85%, Motilal Oswal Nifty Midcap 150 Index Fund −4.52%. 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 Motilal Oswal Nifty Midcap 150 Index Fund?

Motilal Oswal Nifty Midcap 150 Index Fund charges less: 0.39% 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 Motilal Oswal 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 Motilal Oswal Nifty Midcap 150 Index Fund?

On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and Motilal Oswal Nifty Midcap 150 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 16.56% and 16.55% a year.

Can I invest in both Bandhan Nifty Midcap 150 Index Fund and Motilal Oswal 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 Motilal Oswal Nifty Midcap 150 Index Fund?

Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. Motilal Oswal Nifty Midcap 150 Index Fund: Swapnil Mayekar.

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.