Bandhan Nifty Smallcap 250 Index Fund vs ICICI Prudential Nifty Smallcap 250 ETF

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

Bandhan Nifty Smallcap 250 Index Fund is an Index fund and ICICI Prudential Nifty Smallcap 250 ETF is an ETF fund. Bandhan Nifty Smallcap 250 Index Fund charges 0.38% a year and ICICI Prudential Nifty Smallcap 250 ETF 0.81%. Their portfolios overlap 85.0%: they hold 217 of the same securities.

Bandhan Nifty Smallcap 250 Index Fund

Index

Expense ratio: 0.38%
NAV: ₹12.15

See Bandhan Nifty Smallcap 250 Index Fund

ICICI Prudential Nifty Smallcap 250 ETF

ETF

Expense ratio: 0.81%
NAV: ₹16.79

See ICICI Prudential Nifty Smallcap 250 ETF

Which is better, Bandhan Nifty Smallcap 250 Index or ICICI Prudential Nifty Smallcap 250 ETF? 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 Smallcap 250 Index costs less: 0.38% a year against 0.81%.
ICICI Prudential Nifty Smallcap 250 ETF fell less in its worst fall since 22-06-2026: −11.6% against −11.7%.
Bandhan Nifty Smallcap 250 Index is the larger fund: ₹99 Cr against ₹9 Cr.
Their portfolios overlap 85.0%: 217 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 Smallcap 250 Index Fund (Direct)
−6.0%
ICICI Prudential Nifty Smallcap 250 ETF
−5.9%

Change in NAV from 22-06-2026 to 30-10-2026

−5%0%+5%

Key facts

From each fund's scheme summary document and AMFI

Fact	Bandhan Nifty Smallcap 250 Index Fund	ICICI Prudential Nifty Smallcap 250 ETF
Fund house	Bandhan Mutual Fund	ICICI Prudential Mutual Fund
Category	Index	ETF
AUM	₹99 Cr (31-08-2026)	₹9 Cr (30-09-2026)
NAV	₹12.15 (Direct)	₹16.79
Expense ratio (Direct)	0.38%	Not available
Expense ratio (Regular)	1.08%	Not available
Riskometer	Very High	Not available
Benchmark	Nifty Smallcap 250 TRI	Nifty Smallcap 250 TRI
Launch date	22-12-2023	19-06-2026
Minimum investment	₹1,000	During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul
Lock in	None	None
Fund managers	Abhishek Jain	Nishit Patel, Ashwini Shinde, Venus Ahuja
Exit load	Nil	There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. Currently, the Scheme is proposed to be listed on BSE and NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors.

Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Nifty Smallcap 250 ETF: 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 Smallcap 250 Index Fund (Direct)	−5.85%	−6.12%	+0.27%	−3.69%	--	--	--
ICICI Prudential Nifty Smallcap 250 ETF	−5.88%	−6.00%	--	--	--	--	--

Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Nifty Smallcap 250 ETF: Year-wise Returns

Year	Bandhan Nifty Smallcap 250 IndexBandhan Nifty Smallcap 250 Index	ICICI Prudential Nifty Smallcap 250 ETFICICI Prudential Nifty Smallcap 250 ETF	Nifty Smallcap 250 TRI
2026to date	+0.48%	--	+1.00%
2025	−6.11%	--	−5.48%
2024	+26.61%	--	+27.21%

Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Nifty Smallcap 250 ETF: Rolling Returns

Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both

Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Nifty Smallcap 250 ETF: Risk and Drawdowns

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

Risk and return

Measure	Bandhan Nifty Smallcap 250 Index Fund (Direct)	ICICI Prudential Nifty Smallcap 250 ETF
Return (CAGR)	+7.00%	−15.77%
Standard deviation	19.20%	15.60%
Sharpe ratio	0.05	-1.35
Sortino ratio	0.07	-1.65
Maximum drawdown	−26.1% (03-03-2025)	−11.6% (23-10-2026)
Beta	1.00	1.00
Alpha	−0.63%	−0.42%

From daily NAVs, 26-12-2023 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.

−12%−10%−8%−6%−4%−2%0%

Bandhan Nifty Smallcap 250 Index Fund (Direct)ICICI Prudential Nifty Smallcap 250 ETFNifty Smallcap 250 TRI

Fund	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Bandhan Nifty Smallcap 250 Index Fund (Direct)	−11.7%	08-09-2026	23-10-2026	Not yet	--	−9.6%
ICICI Prudential Nifty Smallcap 250 ETF	−11.6%	08-09-2026	23-10-2026	Not yet	--	−9.6%
Nifty Smallcap 250 TRI	−11.5%	08-09-2026	23-10-2026	Not yet	--	−9.4%

From daily values since 22-06-2026, the first day every fund has.

Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Nifty Smallcap 250 ETF: Portfolio Overlap

From each fund's latest monthly portfolio: Bandhan Nifty Smallcap 250 Index Fund, August 2026; ICICI Prudential Nifty Smallcap 250 ETF, September 2026

Holdings in common

Overlap: 85.0%
Held by both: 217
Only in Bandhan Nifty Smallcap 250 Index: 33
Only in ICICI Prudential Nifty Smallcap 250 ETF: 33

Security	% of Bandhan Nifty Smallcap 250 Index	% of ICICI Prudential Nifty Smallcap 250 ETF
Sona BLW Precision Forgings Limited	1.65%	1.68%
Welspun Corp Limited	1.42%	1.60%
Karur Vysya Bank Limited	1.49%	1.38%
Navin Fluorine International Limited	1.45%	1.36%
Ather Energy Limited	1.50%	1.22%
Delhivery Limited	1.16%	1.11%
RBL Bank Limited	1.07%	1.12%
HFCL Limited	1.16%	1.04%
Gland Pharma Limited	1.04%	1.04%
Central Depository Services (India) Limited	1.13%	1.01%
City Union Bank Limited	1.00%	0.98%
Redington Limited	0.96%	1.09%
PNB Housing Finance Limited	0.98%	0.95%
Sai Life Sciences Limited	0.91%	0.95%
Krishna Institute Of Medical Sciences Limited	0.89%	0.89%
Anand Rathi Wealth Limited	0.89%	0.87%
Neuland Laboratories Limited	0.90%	0.82%
Angel One Limited	0.85%	0.80%
Kirloskar Oil Engines Limited	0.79%	0.86%
Manappuram Finance Limited	0.85%	0.78%
Acutaas Chemicals Limited	0.74%	0.76%
Computer Age Management Services Limited	0.85%	0.73%
Aegis Logistics Limited	0.72%	0.78%
Poonawalla Fincorp Limited	0.75%	0.71%
Wockhardt Limited	0.71%	0.79%
Kalpataru Projects International Limited	0.72%	0.70%
Himadri Speciality Chemical Limited	0.70%	0.72%
Craftsman Automation Limited	0.74%	0.70%
Bandhan Bank Limited	0.68%	0.79%
Dr. Lal Path Labs Limited	0.68%	0.70%
Amber Enterprises India Limited	0.76%	0.65%
IIFL Finance Limited	0.68%	0.63%
Cholamandalam Financial Holdings Limited	0.67%	0.62%
Crompton Greaves Consumer Electricals Limited	0.69%	0.60%
Nuvama Wealth Management Limited	0.62%	0.60%
PTC Industries Limited	0.61%	0.59%
The Great Eastern Shipping Company Limited	0.59%	0.69%
Elgi Equipments Limited	0.61%	0.59%
Data Patterns (India) Limited	0.62%	0.58%
Carborundum Universal Limited	0.58%	0.65%
Piramal Pharma Limited	0.61%	0.58%
Star Health And Allied Insurance Company Limited	0.60%	0.56%
Cartrade Tech Limited	0.58%	0.56%
Granules India Limited	0.55%	0.56%
Tata Technologies Limited	0.65%	0.55%
Onesource Specialty Pharma Limited	0.54%	0.54%
Asahi India Glass Limited	0.52%	0.52%
Syrma SGS Technology Limited	0.51%	0.62%
KFin Technologies Limited	0.59%	0.51%
Timken India Limited	0.51%	0.50%
Kaynes Technology India Limited	0.52%	0.49%
The Ramco Cements Limited	0.50%	0.48%
Home First Finance Company India Limited	0.51%	0.48%
Brigade Enterprises Limited	0.55%	0.48%
ZF Commercial Vehicle Control Systems India Limited	0.52%	0.48%
Sammaan Capital Limited	0.51%	0.47%
Deepak Nitrite Limited	0.55%	0.47%
Indraprastha Gas Limited	0.48%	0.46%
Kajaria Ceramics Limited	0.47%	0.45%
Five Star Business Finance Limited	0.47%	0.45%
Aarti Industries Limited	0.49%	0.44%
Sagility Limited	0.49%	0.44%
Aditya Infotech Limited	0.44%	0.47%
Affle 3i Limited	0.46%	0.43%
Finolex Cables Limited	0.43%	0.49%
Tata Chemicals Limited	0.46%	0.43%
Capri Global Capital Limited	0.45%	0.43%
Atul Limited	0.46%	0.42%
Amara Raja Energy & Mobility Ltd	0.50%	0.41%
Anant Raj Limited	0.42%	0.41%
Usha Martin Limited	0.41%	0.41%
Deepak Fertilizers and Petrochemicals Corporation Limited	0.43%	0.41%
Netweb Technologies India Limited	0.44%	0.40%
Inventurus Knowledge Solutions Limited	0.40%	0.41%
Castrol India Limited	0.40%	0.43%
Belrise Industries Ltd.	0.40%	0.41%
PVR INOX Limited	0.39%	0.40%
Motherson Sumi Wiring India Limited	0.42%	0.39%
Cyient Limited	0.42%	0.39%
Indian Energy Exchange Limited	0.43%	0.38%
Jyoti CNC Automation Ltd	0.38%	0.40%
Ola Electric Mobility Ltd	0.42%	0.38%
CESC Limited	0.42%	0.38%
R R Kabel Limited	0.44%	0.38%
Aptus Value Housing Finance India Limited	0.40%	0.38%
Acme Solar Holdings Ltd	0.37%	0.40%
NBCC (India) Limited	0.41%	0.36%
Firstsource Solutions Limited	0.38%	0.36%
Force Motors Limited	0.38%	0.36%
PG Electroplast Limited	0.43%	0.36%
Gabriel India Limited	0.41%	0.35%
Nava Limited	0.36%	0.35%
BEML Limited	0.34%	0.34%
HBL Engineering Limited	0.34%	0.40%
Balrampur Chini Mills Limited	0.34%	0.34%
Shyam Metalics and Energy Limited	0.35%	0.34%
Natco Pharma Limited	0.34%	0.33%
eClerx Services Limited	0.37%	0.33%
Zen Technologies Limited	0.37%	0.33%
Jaiprakash Power Ventures Limited	0.36%	0.33%
Engineers India Limited	0.33%	0.38%
Emami Limited	0.33%	0.34%
Aditya Birla Sun Life AMC Limited	0.35%	0.33%
Ramkrishna Forgings Limited	0.35%	0.32%
Cohance Lifesciences Limited	0.34%	0.32%
CCL Products (India) Limited	0.35%	0.32%
EID Parry India Limited	0.37%	0.32%
Vijaya Diagnostic Centre Limited	0.34%	0.32%
Schneider Electric Infrastructure Limited	0.32%	0.32%
Syngene International Limited	0.35%	0.31%
CreditAccess Grameen Limited	0.34%	0.31%
IRB Infrastructure Developers Limited	0.34%	0.31%
Zee Entertainment Enterprises Limited	0.39%	0.31%
CEAT Limited	0.32%	0.31%
Inox Wind Limited	0.31%	0.30%
Chennai Petroleum Corporation Limited	0.30%	0.31%
Paradeep Phosphates Limited	0.31%	0.30%
Cemindia Projects Ltd	0.31%	0.30%
Titagarh Rail Systems Limited	0.30%	0.29%
Rainbow Childrens Medicare Limited	0.32%	0.29%
Jindal Saw Limited	0.33%	0.29%
PhysicsWallah Limited	0.29%	0.33%
Emcure Pharmaceuticals Limited	0.29%	0.36%
Honasa Consumer Limited	0.30%	0.29%
Poly Medicure Limited	0.30%	0.29%
Garden Reach Shipbuilders & Engineers Limited	0.34%	0.29%
Triveni Turbine Limited	0.31%	0.28%
Welspun Living Limited	0.28%	0.32%
Whirlpool of India Limited	0.28%	0.30%
Choice International Limited	0.30%	0.28%
The Jammu & Kashmir Bank Limited	0.30%	0.28%
Chambal Fertilizers & Chemicals Limited	0.28%	0.27%
Can Fin Homes Limited	0.30%	0.27%
Mahanagar Gas Limited	0.28%	0.27%
Aditya Birla Real Estate Limited	0.32%	0.27%
TBO Tek Limited	0.27%	0.26%
Reliance Power Limited	0.29%	0.26%
Gillette India Limited	0.27%	0.25%
Minda Corporation Limited	0.26%	0.25%
EIH Limited	0.25%	0.27%
PCBL Chemical Limited	0.25%	0.26%
Intellect Design Arena Limited	0.28%	0.25%
Devyani International Limited	0.27%	0.25%
LT Foods Limited	0.28%	0.25%
Jubilant Ingrevia Limited	0.26%	0.25%
Urban Company Ltd.	0.26%	0.25%
Godawari Power And Ispat limited	0.27%	0.24%
Sobha Limited	0.25%	0.24%
Vardhman Textiles Limited	0.26%	0.24%
Sumitomo Chemical India Limited	0.29%	0.24%
NCC Limited	0.27%	0.23%
Lemon Tree Hotels Limited	0.24%	0.23%
Caplin Point Laboratories Limited	0.23%	0.24%
Central Bank of India	0.23%	0.23%
Indiamart Intermesh Limited	0.24%	0.22%
CIE Automotive India Limited	0.23%	0.22%
Zydus Wellness Limited	0.23%	0.22%
KEC International Limited	0.25%	0.22%
Tenneco Clean Air India Limited	0.22%	0.23%
Techno Electric & Engineering Company Limited	0.22%	0.23%
JM Financial Limited	0.22%	0.22%
Aavas Financiers Limited	0.23%	0.22%
Zensar Technologies Limited	0.24%	0.22%
NMDC Steel Limited	0.24%	0.21%
Aadhar Housing Finance Limited	0.23%	0.21%
Graphite India Limited	0.21%	0.23%
Sun TV Network Limited	0.21%	0.27%
Action Construction Equipment Limited	0.21%	0.23%
Olectra Greentech Limited	0.24%	0.21%
IDBI Bank Limited	0.23%	0.21%
IFCI Limited	0.27%	0.21%
Gravita India Limited	0.26%	0.21%
Shipping Corporation Of India Limited	0.22%	0.21%
Sarda Energy & Minerals Limited	0.21%	0.21%
Concord Biotech Limited	0.22%	0.20%
Birlasoft Limited	0.22%	0.20%
Emmvee Photovoltaic Power Limited	0.20%	0.20%
JK Tyre & Industries Limited	0.22%	0.19%
Gujarat Mineral Development Corporation Limited	0.21%	0.19%
Brainbees Solutions Ltd	0.19%	0.18%
Tejas Networks Limited	0.21%	0.18%
Aegis Vopak Terminals Limited	0.18%	0.19%
Doms Industries Limited	0.18%	0.21%
Bata India Limited	0.20%	0.18%
Swan Corp Limited	0.19%	0.18%
Afcons Infrastructure Limited	0.20%	0.17%
IRCON International Limited	0.18%	0.17%
Clean Science and Technology Limited	0.18%	0.17%
Canara HSBC Life Insurance company Ltd	0.17%	0.24%
UTI Asset Management Company Limited	0.17%	0.17%
Pine Labs Limited	0.16%	0.43%
Elecon Engineering Company Limited	0.16%	0.18%
Anupam Rasayan India Limited	0.17%	0.16%
Nuvoco Vistas Corporation Limited	0.15%	0.15%
Allied Blenders And Distillers Limited	0.15%	0.17%
JSW Cement Limited	0.15%	0.16%
International Gemological Institute Limited	0.16%	0.14%
Jupiter Wagons Limited	0.15%	0.14%
Mangalore Refinery and Petrochemicals Limited	0.14%	0.13%
Transformers And Rectifiers (India) Limited	0.15%	0.13%
SignatureGlobal (India) Limited	0.14%	0.13%
Trident Limited	0.14%	0.13%
RITES Limited	0.13%	0.13%
Tega Industries Limited	0.12%	0.16%
BLS International Services Limited	0.13%	0.12%
UCO Bank	0.13%	0.12%
ITI Limited	0.12%	0.11%
RailTel Corporation of India Limited	0.11%	0.10%
JBM Auto Limited	0.11%	0.10%
RHI Magnesita India Limited	0.10%	0.11%
The India Cements Limited	0.12%	0.09%
Jain Resource Recycling Limited	0.09%	0.09%
Prime Focus Limited	0.09%	0.14%
HEG Limited	0.27%	0.08%
Tata Teleservices (Maharashtra) Limited	0.09%	0.08%
Gallantt Ispat Limited	0.08%	0.07%
MMTC Limited	0.04%	0.04%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 85.0% means 85.0% 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 Smallcap 250 Index Fund

Security	% of fund
Piramal Finance Limited	1.26%
Aster DM Quality Care Limited	0.92%
Hindustan Copper Limited	0.78%
Narayana Hrudayalaya Limited	0.60%
Meesho Ltd	0.52%

Largest holdings only in ICICI Prudential Nifty Smallcap 250 ETF

Security	% of fund
Brookfield India Real Estate Trust REIT	1.01%
Cupid Ltd.	0.95%
Sansera Engineering Ltd.	0.90%
TD Power Systems Ltd.	0.81%
Apollo Tyres Ltd.	0.59%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Bandhan Nifty Smallcap 250 Index	ICICI Prudential Nifty Smallcap 250 ETF
Equity	100.2%	96.7%
Debt	0.0%	0.0%
Cash and others	-0.2%	3.3%

Market cap of stocks

Market cap	Bandhan Nifty Smallcap 250 Index	ICICI Prudential Nifty Smallcap 250 ETF
Large Cap	0.0%	0.0%
Mid Cap	7.3%	2.7%
Small Cap	92.9%	93.0%
Not on AMFI's list	0.0%	1.0%

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 Smallcap 250 Index	ICICI Prudential Nifty Smallcap 250 ETF
Finance	9.6%	7.6%
Industrial Products	7.8%	8.6%
Pharmaceuticals & Biotechnology	8.5%	7.8%
Auto Components	6.9%	8.4%
Capital Markets	5.9%	5.4%
Chemicals & Petrochemicals	5.8%	5.7%

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

Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Nifty Smallcap 250 ETF: Expense Ratio

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

Charge	Bandhan Nifty Smallcap 250 Index Fund	ICICI Prudential Nifty Smallcap 250 ETF
Total expense ratio (Direct)	0.38%	Not available
Base expense ratio (Direct)	0.17%	0.00%
Total expense ratio (Regular)	1.08%	Not available
Base expense ratio (Regular)	0.77%	0.21%

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 Smallcap 250 Index Fund vs ICICI Prudential Nifty Smallcap 250 ETF: Frequently Asked Questions

What is the difference between Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Nifty Smallcap 250 ETF?

Bandhan Nifty Smallcap 250 Index Fund is an Index fund, ICICI Prudential Nifty Smallcap 250 ETF is an ETF fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 85.0%. Bandhan Nifty Smallcap 250 Index Fund charges 0.38% a year and ICICI Prudential Nifty Smallcap 250 ETF 0.81%.

Which has the lower expense ratio, Bandhan Nifty Smallcap 250 Index Fund or ICICI Prudential Nifty Smallcap 250 ETF?

Bandhan Nifty Smallcap 250 Index Fund charges less: 0.38% a year against 0.81%. These are the total expense ratios reported to AMFI.

How much do Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Nifty Smallcap 250 ETF overlap?

85.0%. They hold 217 of the same securities, the largest shared ones being SONACOMS, WELCORP, KARURVYSYA. From each fund's latest monthly portfolio.

Can I invest in both Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Nifty Smallcap 250 ETF?

Yes. 85.0% 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 Smallcap 250 Index Fund and ICICI Prudential Nifty Smallcap 250 ETF?

Bandhan Nifty Smallcap 250 Index Fund: Abhishek Jain. ICICI Prudential Nifty Smallcap 250 ETF: Nishit Patel, Ashwini Shinde, Venus Ahuja.

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.