Bandhan Nifty Midcap 150 Index Fund vs PGIM India Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Midcap 150 Index Fund is an Index fund and PGIM India Midcap Fund is a Mid Cap fund. In the year to 30-10-2026, Bandhan Nifty Midcap 150 Index Fund (Direct) returned −4.8% and PGIM India Midcap Fund (Direct) returned −5.0%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and PGIM India Midcap Fund 0.72% (Direct plans). Their portfolios overlap 43.2%: they hold 63 of the same securities.
Bandhan Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.63%
- NAV
- ₹9.59
PGIM India Midcap Fund
Mid Cap
- 1 year return
- −5.0%
- Expense ratio
- 0.72%
- NAV
- ₹72.91
Which is better, Bandhan Nifty Midcap 150 Index or PGIM India Midcap? 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 Midcap 150 Index returned more over 1 year: −4.8% against −5.0%.
- Bandhan Nifty Midcap 150 Index costs less: 0.63% a year against 0.72% (Direct plans).
- PGIM India Midcap fell less in its worst fall since 20-09-2024: −19.1% against −21.1%.
- PGIM India Midcap is the larger fund: ₹10,537 Cr against ₹93 Cr.
- Their portfolios overlap 43.2%: 63 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 | PGIM India Midcap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | PGIM India Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹93 Cr (31-08-2026) | ₹10,537 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹72.91 (Direct) |
| Expense ratio (Direct) | 0.63% | 0.72% |
| Expense ratio (Regular) | 1.41% | 1.92% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 19-09-2024 | 02-12-2013 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Vivek Sharma, Utsav Mehta, Vinay Paharia, and Mr. Puneet Pal |
| 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 0.5%, if redeemed within 90 days. |
Bandhan Nifty Midcap 150 Index vs PGIM India Midcap: 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% | -- | -- | -- |
| PGIM India Midcap Fund (Direct) | −2.49% | −5.26% | −0.03% | −4.98% | +10.86% | +9.04% | +15.44% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Bandhan Nifty Midcap 150 Index vs PGIM India Midcap: Year-wise Returns
| Year | Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index | PGIM India MidcapPGIM India Midcap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.41% | −2.03% | −4.97% |
| 2025 | +5.26% | +1.27% | +5.98% |
| 2024 | -- | +22.48% | +24.46% |
| 2023 | -- | +22.47% | +44.61% |
| 2022 | -- | −0.10% | +3.91% |
| 2021 | -- | +66.92% | +48.16% |
Bandhan Nifty Midcap 150 Index vs PGIM India Midcap: 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)
PGIM India Midcap 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% |
| PGIM India Midcap | 21.8 | 45.8 | 25.5 | 6.3 | 0.7 | 0.0 | 0.0 | 3.2% | 2.5% | −7.6% | 15.6% | 10% |
| 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 PGIM India Midcap: 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% |
| PGIM India MidcapPGIM India Midcap Fund (Direct) | ₹2,60,000 | ₹2,60,113 | ₹113 | 0.0% |
Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)
PGIM India MidcapPGIM India Midcap 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 PGIM India Midcap: 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) | PGIM India Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.85% | −4.98% |
| Standard deviation | 16.56% | 15.73% |
| Sharpe ratio | -0.61 | -0.65 |
| Sortino ratio | -0.82 | -0.88 |
| Maximum drawdown | −14.0% (30-03-2026) | −15.1% (23-03-2026) |
| Beta | 1.00 | 0.93 |
| Alpha | −0.48% | −1.29% |
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) | PGIM India Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.63% | +16.64% |
| Standard deviation | 16.97% | 16.43% |
| Sharpe ratio | -0.49 | 0.65 |
| Sortino ratio | -0.65 | 0.88 |
| Maximum drawdown | −21.1% (28-02-2025) | −36.4% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.61% | -- |
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)
PGIM India Midcap 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% |
| PGIM India Midcap Fund (Direct) | −19.1% | 23-09-2024 | 28-02-2025 | 16-09-2025 | 7 months | −7.9% |
| 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)
PGIM India Midcap 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% |
| PGIM India Midcap Fund (Direct) | 88% | 89% | 4.81% |
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 PGIM India Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; PGIM India Midcap Fund, September 2026
Holdings in common
- Overlap
- 43.2%
- Held by both
- 63
- Only in Bandhan Nifty Midcap 150 Index
- 87
- Only in PGIM India Midcap
- 40
| Security | % of Bandhan Nifty Midcap 150 Index | % of PGIM India Midcap |
|---|---|---|
| The Federal Bank Limited | 2.05% | 2.61% |
| Multi Commodity Exchange of India Limited | 2.02% | 1.71% |
| One 97 Communications Limited | 1.69% | 1.60% |
| BSE Limited | 3.13% | 1.49% |
| AU Small Finance Bank Limited | 1.44% | 2.10% |
| Persistent Systems Limited | 1.42% | 1.29% |
| Dixon Technologies (India) Limited | 1.44% | 1.16% |
| Bharat Forge Limited | 1.31% | 1.12% |
| FSN E-Commerce Ventures Limited | 1.12% | 1.82% |
| GE Vernova T&D India Limited | 1.28% | 1.09% |
| Info Edge (India) Limited | 1.17% | 1.05% |
| Max Financial Services Limited | 0.97% | 1.75% |
| ICICI Lombard General Insurance Company Limited | 0.89% | 1.08% |
| SRF Limited | 0.87% | 1.45% |
| APL Apollo Tubes Limited | 0.94% | 0.84% |
| Radico Khaitan Limited | 0.82% | 1.09% |
| Marico Limited | 1.01% | 0.80% |
| KEI Industries Limited | 0.83% | 0.79% |
| Aditya Birla Capital Limited | 0.79% | 2.32% |
| Indian Bank | 0.74% | 0.88% |
| Vishal Mega Mart Limited | 0.72% | 1.61% |
| Ashok Leyland Limited | 1.17% | 0.71% |
| Tube Investments of India Limited | 0.69% | 0.76% |
| Fortis Healthcare Limited | 1.10% | 0.68% |
| The Phoenix Mills Limited | 0.83% | 0.68% |
| 360 One WAM Limited | 0.71% | 0.67% |
| Mphasis Limited | 0.75% | 0.66% |
| Apar Industries Limited | 0.70% | 0.65% |
| IPCA Laboratories Limited | 0.64% | 0.97% |
| Mankind Pharma Limited | 0.64% | 2.46% |
| Prestige Estates Projects Limited | 0.64% | 2.08% |
| Hitachi Energy India Limited | 1.00% | 0.62% |
| UNO Minda Limited | 0.54% | 2.08% |
| Torrent Power Limited | 0.54% | 1.00% |
| Bharat Heavy Electricals Limited | 1.51% | 0.53% |
| Coromandel International Limited | 0.53% | 1.28% |
| Lenskart Solutions Limited | 0.52% | 1.31% |
| JK Cement Limited | 0.50% | 1.74% |
| Nippon Life India Asset Management Limited | 0.49% | 1.29% |
| Sundaram Finance Limited | 0.73% | 0.48% |
| Exide Industries Limited | 0.47% | 0.77% |
| JSW Infrastructure Ltd | 0.47% | 1.51% |
| Lupin Limited | 1.24% | 0.45% |
| Oil India Limited | 0.61% | 0.45% |
| Blue Star Limited | 0.44% | 1.10% |
| Jubilant Foodworks Limited | 0.45% | 0.43% |
| Astral Limited | 0.43% | 1.06% |
| ITC Hotels Limited | 0.42% | 0.73% |
| Container Corporation of India Limited | 0.41% | 1.04% |
| LG Electronics India Ltd | 0.40% | 1.15% |
| Supreme Industries Limited | 0.53% | 0.39% |
| Bank of Maharashtra | 0.39% | 0.78% |
| Schaeffler India Limited | 0.38% | 0.67% |
| Hindustan Petroleum Corporation Limited | 0.82% | 0.37% |
| National Aluminium Company Limited | 0.80% | 0.36% |
| Ajanta Pharma Limited | 0.35% | 1.24% |
| ICICI Prudential Asset Management Company Limited | 0.35% | 0.79% |
| Abbott India Limited | 0.31% | 0.85% |
| Premier Energies Limited | 0.29% | 0.45% |
| Bharti Hexacom Limited | 0.27% | 2.30% |
| Endurance Technologies Limited | 0.24% | 0.50% |
| Thermax Limited | 0.35% | 0.21% |
| Anthem Biosciences Limited | 0.19% | 0.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.2% means 43.2% 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% |
| IndusInd Bank Limited | 1.56% |
| PB Fintech Limited | 1.51% |
Largest holdings only in PGIM India Midcap Fund
| Security | % of fund |
|---|---|
| Eternal Ltd. | 1.88% |
| TVS Motor Company Ltd. | 1.73% |
| Solar Industries India Ltd. | 1.71% |
| Max Healthcare Institute Ltd. | 1.43% |
| InterGlobe Aviation Ltd. | 1.30% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Midcap 150 Index | PGIM India Midcap |
|---|---|---|
| Equity | 99.7% | 97.3% |
| Debt | 0.0% | 0.2% |
| Cash and others | 0.3% | 2.5% |
Market cap of stocks
| Market cap | Bandhan Nifty Midcap 150 Index | PGIM India Midcap |
|---|---|---|
| Large Cap | 11.6% | 19.7% |
| Mid Cap | 83.9% | 66.2% |
| Small Cap | 4.2% | 10.0% |
| Not on AMFI's list | 0.0% | 1.5% |
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 | PGIM India Midcap |
|---|---|---|
| Banks | 8.8% | 8.7% |
| Pharmaceuticals & Biotechnology | 8.8% | 8.4% |
| Retailing | 4.5% | 7.7% |
| Capital Markets | 7.4% | 6.1% |
| Auto Components | 5.0% | 7.1% |
| Electrical Equipment | 7.1% | 5.3% |
| Finance | 5.4% | 5.5% |
| IT - Software | 5.2% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Midcap 150 Index vs PGIM India Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Midcap 150 Index Fund | PGIM India Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 0.72% |
| Base expense ratio (Direct) | 0.14% | 0.48% |
| Total expense ratio (Regular) | 1.41% | 1.92% |
| Base expense ratio (Regular) | 0.82% | 1.49% |
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 PGIM India Midcap Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Midcap 150 Index Fund and PGIM India Midcap Fund?
Bandhan Nifty Midcap 150 Index Fund is an Index fund, PGIM India Midcap Fund is a Mid Cap fund, run by Bandhan Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 43.2%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and PGIM India Midcap Fund 0.72%.
Which has given higher returns, Bandhan Nifty Midcap 150 Index Fund or PGIM India Midcap Fund?
Over 1 year: Bandhan Nifty Midcap 150 Index Fund −4.85%, PGIM India Midcap Fund −4.98%. 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 PGIM India Midcap Fund?
Bandhan Nifty Midcap 150 Index Fund charges less: 0.63% a year against 0.72%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Midcap 150 Index Fund and PGIM India Midcap Fund overlap?
43.2%. They hold 63 of the same securities, the largest shared ones being FEDERALBNK, MCX, PAYTM. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Midcap 150 Index Fund or PGIM India Midcap Fund?
On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and PGIM India Midcap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.56% and 15.73% a year.
Can I invest in both Bandhan Nifty Midcap 150 Index Fund and PGIM India Midcap Fund?
Yes. 43.2% 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 PGIM India Midcap Fund?
Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. PGIM India Midcap Fund: Vivek Sharma, Utsav Mehta, Vinay Paharia, and Mr. Puneet Pal.
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.