Bandhan Nifty Midcap 150 Index Fund vs Sundaram Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Midcap 150 Index Fund is an Index fund and Sundaram 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 Sundaram Mid Cap Fund (Direct) returned −4.6%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Sundaram Mid Cap Fund 1.06% (Direct plans). Their portfolios overlap 43.0%: 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
Sundaram Mid Cap Fund
Mid Cap
- 1 year return
- −4.6%
- Expense ratio
- 1.06%
- NAV
- ₹1,508.12
Which is better, Bandhan Nifty Midcap 150 Index or Sundaram 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.
- Sundaram Mid Cap returned more over 1 year: −4.6% against −4.8%.
- Bandhan Nifty Midcap 150 Index costs less: 0.63% a year against 1.06% (Direct plans).
- Sundaram Mid Cap fell less in its worst fall since 20-09-2024: −20.7% against −21.1%.
- Sundaram Mid Cap is the larger fund: ₹13,854 Cr against ₹93 Cr.
- Their portfolios overlap 43.0%: 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
| Fact | Bandhan Nifty Midcap 150 Index Fund | Sundaram Mid Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Sundaram Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹93 Cr (31-08-2026) | ₹13,854 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹1,508.12 (Direct) |
| Expense ratio (Direct) | 0.63% | 1.06% |
| Expense ratio (Regular) | 1.41% | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 19-09-2024 | 01-07-2002 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | S Bharath, Shalav Saket |
| 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 | Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 %, if the units are redeemed within 365 days from the date of allotment of units. Further, exit load will be waived on Intra-scheme and Inter scheme Switch-outs/STP. |
Bandhan Nifty Midcap 150 Index vs Sundaram 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% | -- | -- | -- |
| Sundaram Mid Cap Fund (Direct) | −3.35% | −9.04% | −3.11% | −4.58% | +16.41% | +15.07% | +13.18% |
| 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 Sundaram Mid Cap: Year-wise Returns
| Year | Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index | Sundaram Mid CapSundaram Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.41% | −4.19% | −4.97% |
| 2025 | +5.26% | +4.96% | +5.98% |
| 2024 | -- | +33.13% | +24.46% |
| 2023 | -- | +41.52% | +44.61% |
| 2022 | -- | +5.82% | +3.91% |
| 2021 | -- | +38.60% | +48.16% |
Bandhan Nifty Midcap 150 Index vs Sundaram 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)
Sundaram 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% |
| Sundaram Mid Cap | 7.4 | 19.2 | 38.7 | 23.6 | 6.3 | 4.8 | 0.0 | 8.3% | 8.0% | −5.8% | 23.9% | 77% |
| 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 Sundaram 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% |
| Sundaram Mid CapSundaram Mid Cap Fund (Direct) | ₹2,60,000 | ₹2,61,254 | ₹1,254 | 0.4% |
Bandhan Nifty Midcap 150 IndexBandhan Nifty Midcap 150 Index Fund (Direct)
Sundaram Mid CapSundaram 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 Sundaram 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) | Sundaram Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.85% | −4.58% |
| Standard deviation | 16.56% | 15.88% |
| Sharpe ratio | -0.61 | -0.62 |
| Sortino ratio | -0.82 | -0.84 |
| Maximum drawdown | −14.0% (30-03-2026) | −13.1% (23-10-2026) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.48% | −0.77% |
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) | Sundaram Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.63% | +16.92% |
| Standard deviation | 16.97% | 16.29% |
| Sharpe ratio | -0.49 | 0.67 |
| Sortino ratio | -0.65 | 0.89 |
| Maximum drawdown | −21.1% (28-02-2025) | −44.3% (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)
Sundaram 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% |
| Sundaram Mid Cap Fund (Direct) | −20.7% | 24-09-2024 | 28-02-2025 | 27-10-2025 | 8 months | −10.8% |
| 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)
Sundaram 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% |
| Sundaram Mid Cap Fund (Direct) | 96% | 93% | 3.13% |
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 Sundaram Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Midcap 150 Index Fund, August 2026; Sundaram Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 43.0%
- Held by both
- 50
- Only in Bandhan Nifty Midcap 150 Index
- 100
- Only in Sundaram Mid Cap
- 23
| Security | % of Bandhan Nifty Midcap 150 Index | % of Sundaram Mid Cap |
|---|---|---|
| The Federal Bank Limited | 2.05% | 2.36% |
| BSE Limited | 3.13% | 1.76% |
| Coforge Limited | 1.61% | 2.02% |
| IndusInd Bank Limited | 1.56% | 1.82% |
| One 97 Communications Limited | 1.69% | 1.54% |
| AU Small Finance Bank Limited | 1.44% | 1.82% |
| Suzlon Energy Limited | 1.35% | 1.65% |
| IDFC First Bank Limited | 1.33% | 2.25% |
| GE Vernova T&D India Limited | 1.28% | 1.74% |
| Lupin Limited | 1.24% | 1.75% |
| Polycab India Limited | 1.18% | 1.59% |
| Ashok Leyland Limited | 1.17% | 1.75% |
| Info Edge (India) Limited | 1.17% | 1.20% |
| Dixon Technologies (India) Limited | 1.44% | 1.12% |
| FSN E-Commerce Ventures Limited | 1.12% | 1.56% |
| Fortis Healthcare Limited | 1.10% | 1.50% |
| Marico Limited | 1.01% | 1.87% |
| Persistent Systems Limited | 1.42% | 0.99% |
| Max Financial Services Limited | 0.97% | 1.79% |
| Swiggy Limited | 0.93% | 1.25% |
| APL Apollo Tubes Limited | 0.94% | 0.89% |
| The Phoenix Mills Limited | 0.83% | 1.96% |
| Hindustan Petroleum Corporation Limited | 0.82% | 1.19% |
| Radico Khaitan Limited | 0.82% | 1.00% |
| National Aluminium Company Limited | 0.80% | 0.84% |
| JSW Energy Limited | 0.74% | 1.02% |
| Indian Bank | 0.74% | 1.12% |
| Alkem Laboratories Limited | 0.73% | 1.21% |
| PB Fintech Limited | 1.51% | 0.72% |
| 360 One WAM Limited | 0.71% | 1.49% |
| Tube Investments of India Limited | 0.69% | 1.31% |
| Mankind Pharma Limited | 0.64% | 1.44% |
| Prestige Estates Projects Limited | 0.64% | 0.98% |
| Mahindra & Mahindra Financial Services Limited | 0.58% | 2.74% |
| Kalyan Jewellers India Limited | 0.54% | 2.58% |
| UNO Minda Limited | 0.54% | 0.81% |
| Torrent Power Limited | 0.54% | 1.08% |
| Coromandel International Limited | 0.53% | 1.91% |
| JK Cement Limited | 0.50% | 1.22% |
| Nippon Life India Asset Management Limited | 0.49% | 0.81% |
| Jubilant Foodworks Limited | 0.45% | 1.50% |
| JSW Infrastructure Ltd | 0.47% | 0.43% |
| LG Electronics India Ltd | 0.40% | 1.42% |
| PI Industries Limited | 0.45% | 0.38% |
| Motilal Oswal Financial Services Limited | 0.38% | 1.45% |
| Schaeffler India Limited | 0.38% | 1.04% |
| Thermax Limited | 0.35% | 2.20% |
| Billionbrains Garage Ventures Ltd | 0.34% | 0.79% |
| Bharti Hexacom Limited | 0.27% | 0.60% |
| L&T Technology Services Limited | 0.23% | 1.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.0% means 43.0% 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 |
|---|---|
| Multi Commodity Exchange of India Limited | 2.02% |
| Laurus Labs Limited | 1.74% |
| Hero MotoCorp Limited | 1.65% |
| Bharat Heavy Electricals Limited | 1.51% |
| Bharat Forge Limited | 1.31% |
Largest holdings only in Sundaram Mid Cap Fund
| Security | % of fund |
|---|---|
| Cummins India Ltd | 2.39% |
| Sona BLW Precision Forgings Ltd | 2.02% |
| Jindal Steel & Power Ltd | 1.83% |
| Dr Lal Path Labs Ltd | 1.69% |
| Gland Pharma Ltd | 1.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Midcap 150 Index | Sundaram Mid Cap |
|---|---|---|
| Equity | 99.7% | 95.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 4.4% |
Market cap of stocks
| Market cap | Bandhan Nifty Midcap 150 Index | Sundaram Mid Cap |
|---|---|---|
| Large Cap | 11.6% | 13.4% |
| Mid Cap | 83.9% | 66.0% |
| Small Cap | 4.2% | 15.9% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | Sundaram Mid Cap |
|---|---|---|
| Banks | 8.8% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.8% | 6.1% |
| Capital Markets | 7.4% | 6.3% |
| Electrical Equipment | 7.1% | 5.6% |
| Industrial Products | 4.3% | 6.6% |
| Consumer Durables | 4.5% | 6.1% |
| Auto Components | 5.0% | 6.1% |
| Finance | 5.4% | 5.3% |
| IT - Software | 5.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Midcap 150 Index vs Sundaram Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Midcap 150 Index Fund | Sundaram Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 1.06% |
| Base expense ratio (Direct) | 0.14% | 0.76% |
| Total expense ratio (Regular) | 1.41% | 1.87% |
| Base expense ratio (Regular) | 0.82% | 1.46% |
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 Sundaram Mid Cap Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Midcap 150 Index Fund and Sundaram Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund is an Index fund, Sundaram Mid Cap Fund is a Mid Cap fund, run by Bandhan Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 43.0%. Bandhan Nifty Midcap 150 Index Fund charges 0.63% a year and Sundaram Mid Cap Fund 1.06%.
Which has given higher returns, Bandhan Nifty Midcap 150 Index Fund or Sundaram Mid Cap Fund?
Over 1 year: Bandhan Nifty Midcap 150 Index Fund −4.85%, Sundaram Mid Cap Fund −4.58%. 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 Sundaram Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund charges less: 0.63% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Midcap 150 Index Fund and Sundaram Mid Cap Fund overlap?
43.0%. They hold 50 of the same securities, the largest shared ones being FEDERALBNK, BSE, COFORGE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty Midcap 150 Index Fund or Sundaram Mid Cap Fund?
On SEBI's riskometer, Bandhan Nifty Midcap 150 Index Fund is rated Very High and Sundaram Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.56% and 15.88% a year.
Can I invest in both Bandhan Nifty Midcap 150 Index Fund and Sundaram Mid Cap Fund?
Yes. 43.0% 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 Sundaram Mid Cap Fund?
Bandhan Nifty Midcap 150 Index Fund: Abhishek Jain. Sundaram Mid Cap Fund: S Bharath, Shalav Saket.
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.