Bandhan Nifty100 Low Volatility 30 Index Fund vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Nifty100 Low Volatility 30 Index Fund is an Index fund and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF is an ETF fund. In the 3 years to 30-10-2026, Bandhan Nifty100 Low Volatility 30 Index Fund (Direct) returned 9.3% a year and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF returned 8.9% a year. Bandhan Nifty100 Low Volatility 30 Index Fund charges 0.50% a year and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF 0.57%. Their portfolios overlap 55.6%: they hold 17 of the same securities.
Bandhan Nifty100 Low Volatility 30 Index Fund
Index
- 3 year return
- 9.3%
- Expense ratio
- 0.50%
- NAV
- ₹15.01
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
ETF
- 3 year return
- 8.9%
- Expense ratio
- 0.57%
- NAV
- ₹25.84
Which is better, Bandhan Nifty100 Low Volatility 30 Index or ICICI Prudential Nifty Alpha Low- Volatility 30 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 Nifty100 Low Volatility 30 Index returned more over 3 years: 9.3% a year against 8.9%.
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF returned more over 1 year: −7.2% against −7.9%.
- Bandhan Nifty100 Low Volatility 30 Index costs less: 0.50% a year against 0.57%.
- Bandhan Nifty100 Low Volatility 30 Index swung less over 3 years: a standard deviation of 11.6% a year against 13.1%.
- Bandhan Nifty100 Low Volatility 30 Index fell less in its worst fall since 07-10-2022: −18.2% against −25.0%.
- Bandhan Nifty100 Low Volatility 30 Index holds more in large companies: 94.7% of the fund in large caps against 84.3%.
- Bandhan Nifty100 Low Volatility 30 Index is the larger fund: ₹1,604 Cr against ₹1,470 Cr.
- Their portfolios overlap 55.6%: 17 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 Nifty100 Low Volatility 30 Index Fund | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹1,604 Cr (31-08-2026) | ₹1,470 Cr (30-09-2026) |
| NAV | ₹15.01 (Direct) | ₹25.84 |
| Expense ratio (Direct) | 0.50% | Not available |
| Expense ratio (Regular) | 1.08% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 100 Low Volatility 30 TRI | Nifty Alpha Low -Volatility 30 TRI |
| Launch date | 06-10-2022 | 12-08-2020 |
| 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, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja |
| Exit load | Nil | Nil There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. |
Bandhan Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 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 Nifty100 Low Volatility 30 Index Fund (Direct) | +1.27% | −7.42% | −2.69% | −7.94% | +9.27% | -- | -- |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | −1.07% | −8.66% | −2.50% | −7.22% | +8.92% | +8.35% | -- |
Bandhan Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Year-wise Returns
| Year | Bandhan Nifty100 Low Volatility 30 IndexBandhan Nifty100 Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETFICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| 2026to date | −9.45% | −7.45% |
| 2025 | +10.93% | −0.25% |
| 2024 | +11.62% | +17.01% |
| 2023 | +30.70% | +38.20% |
| 2022 | -- | −3.59% |
| 2021 | -- | +30.22% |
Bandhan Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Rolling Returns
Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of Bandhan Nifty100 Low Volatility 30 Index Fund
Rolling returns
Every 3-year holding period, 265 of them, one for each trading day from 07-10-2025 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 Nifty100 Low Volatility 30 Index Fund (Direct)
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
Nifty100 Low Volatility 30 TRI
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
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 Nifty100 Low Volatility 30 Index | 0.0 | 0.0 | 13.2 | 44.9 | 41.9 | 0.0 | 0.0 | 13.7% | 13.8% | 7.6% | 18.1% | 0% |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | 0.0 | 0.0 | 10.3 | 43.9 | 45.8 | 0.0 | 0.0 | 14.1% | 14.4% | 7.6% | 18.8% | 26% |
| Nifty100 Low Volatility 30 TRI | 0.0 | 0.0 | 11.7 | 40.0 | 48.3 | 0.0 | 0.0 | 14.5% | 14.8% | 8.3% | 18.9% | -- |
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 Nifty100 Low Volatility 30 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 07-10-2022. Past returns do not promise future returns.
Bandhan Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 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
₹10,000 on the first trading day of every month, from 07-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty100 Low Volatility 30 IndexBandhan Nifty100 Low Volatility 30 Index Fund (Direct) | ₹4,90,000 | ₹5,44,040 | ₹54,040 | 5.1% |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETFICICI Prudential Nifty Alpha Low- Volatility 30 ETF | ₹4,90,000 | ₹5,30,843 | ₹40,843 | 3.9% |
Bandhan Nifty100 Low Volatility 30 IndexBandhan Nifty100 Low Volatility 30 Index Fund (Direct)
ICICI Prudential Nifty Alpha Low- Volatility 30 ETFICICI Prudential Nifty Alpha Low- Volatility 30 ETF
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 Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty100 Low Volatility 30 Index Fund (Direct) | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | −7.94% | −7.22% |
| Standard deviation | 12.36% | 13.45% |
| Sharpe ratio | -1.07 | -0.93 |
| Sortino ratio | -1.40 | -1.22 |
| Maximum drawdown | −14.3% (31-03-2026) | −13.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.56% |
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 Nifty100 Low Volatility 30 Index Fund (Direct) | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | +9.27% | +8.92% |
| Standard deviation | 11.58% | 13.14% |
| Sharpe ratio | 0.28 | 0.22 |
| Sortino ratio | 0.40 | 0.30 |
| Maximum drawdown | −18.2% (04-03-2025) | −25.0% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.69% | −0.67% |
From daily NAVs, 30-10-2023 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.
| Measure | Bandhan Nifty100 Low Volatility 30 Index Fund (Direct) | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | +10.57% | +13.48% |
| Standard deviation | 10.85% | 13.41% |
| Sharpe ratio | 0.41 | 0.61 |
| Sortino ratio | 0.57 | 0.84 |
| Maximum drawdown | −18.2% (04-03-2025) | −25.0% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.70% | −0.64% |
From daily NAVs, 07-10-2022 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 Nifty100 Low Volatility 30 Index Fund (Direct)
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
Nifty100 Low Volatility 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty100 Low Volatility 30 Index Fund (Direct) | −18.2% | 27-09-2024 | 04-03-2025 | Not yet | -- | −11.1% |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | −25.0% | 27-09-2024 | 28-02-2025 | Not yet | -- | −20.3% |
| Nifty100 Low Volatility 30 TRI | −18.1% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.2% |
From daily values since 07-10-2022, 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 Nifty100 Low Volatility 30 Index Fund (Direct)
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
Nifty100 Low Volatility 30 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Nifty100 Low Volatility 30 Index Fund (Direct)
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
Nifty100 Low Volatility 30 TRI
Against Nifty100 Low Volatility 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty100 Low Volatility 30 Index Fund (Direct) | 98% | 101% | 0.25% |
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | 103% | 110% | 5.28% |
From month-end values since 07-10-2022. 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 Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty100 Low Volatility 30 Index Fund, August 2026; ICICI Prudential Nifty Alpha Low- Volatility 30 ETF, September 2026
Holdings in common
- Overlap
- 55.6%
- Held by both
- 17
- Only in Bandhan Nifty100 Low Volatility 30 Index
- 13
- Only in ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
- 13
| Security | % of Bandhan Nifty100 Low Volatility 30 Index | % of ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Bajaj Auto Limited | 3.97% | 4.01% |
| ICICI Bank Limited | 4.09% | 3.78% |
| Nestle India Limited | 3.74% | 3.72% |
| Apollo Hospitals Enterprise Limited | 3.70% | 3.93% |
| Sun Pharmaceutical Industries Limited | 3.80% | 3.61% |
| SBI Life Insurance Company Limited | 3.56% | 3.53% |
| NTPC Limited | 3.52% | 4.11% |
| Bharti Airtel Limited | 3.47% | 3.33% |
| Torrent Pharmaceuticals Limited | 3.30% | 4.73% |
| Titan Company Limited | 3.60% | 3.26% |
| State Bank of India | 3.20% | 3.15% |
| Pidilite Industries Limited | 3.14% | 3.06% |
| Britannia Industries Limited | 3.43% | 2.91% |
| Reliance Industries Limited | 3.31% | 2.82% |
| UltraTech Cement Limited | 3.12% | 2.75% |
| Asian Paints Limited | 2.94% | 2.72% |
| Maruti Suzuki India Limited | 3.09% | 2.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.6% means 55.6% 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 Nifty100 Low Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| Tata Consultancy Services Limited | 3.64% |
| Bajaj Finserv Limited | 3.59% |
| Kotak Mahindra Bank Limited | 3.41% |
| Cipla Limited | 3.30% |
| HCL Technologies Limited | 3.27% |
Largest holdings only in ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
| Security | % of fund |
|---|---|
| Marico Ltd. | 3.99% |
| Hindalco Industries Ltd. | 3.81% |
| JSW Steel Ltd. | 3.62% |
| Grasim Industries Ltd. | 3.61% |
| The Federal Bank Ltd. | 3.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty100 Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Nifty100 Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Large Cap | 94.7% | 84.3% |
| Mid Cap | 5.3% | 15.7% |
| Small Cap | 0.0% | 0.0% |
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 Nifty100 Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.1% | 14.4% |
| Banks | 14.0% | 10.5% |
| IT - Software | 13.0% | 0.0% |
| Automobiles | 7.1% | 12.8% |
| Food Products | 7.2% | 6.6% |
| Consumer Durables | 6.5% | 6.0% |
| Agricultural Food & Other Products | 0.0% | 6.5% |
| Cement & Cement Products | 5.7% | 6.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty100 Low Volatility 30 Index vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty100 Low Volatility 30 Index Fund | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.50% | Not available |
| Base expense ratio (Direct) | 0.30% | 0.00% |
| Total expense ratio (Regular) | 1.08% | Not available |
| Base expense ratio (Regular) | 0.79% | 0.36% |
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 Nifty100 Low Volatility 30 Index Fund vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Frequently Asked Questions
What is the difference between Bandhan Nifty100 Low Volatility 30 Index Fund and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Bandhan Nifty100 Low Volatility 30 Index Fund is an Index fund, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF is an ETF fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 55.6%. Bandhan Nifty100 Low Volatility 30 Index Fund charges 0.50% a year and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF 0.57%.
Which has given higher returns, Bandhan Nifty100 Low Volatility 30 Index Fund or ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Over 1 year: Bandhan Nifty100 Low Volatility 30 Index Fund −7.94%, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF −7.22%. Over 3 years: Bandhan Nifty100 Low Volatility 30 Index Fund +9.27% a year, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF +8.92% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty100 Low Volatility 30 Index Fund or ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Bandhan Nifty100 Low Volatility 30 Index Fund charges less: 0.50% a year against 0.57%. These are the total expense ratios reported to AMFI.
How much do Bandhan Nifty100 Low Volatility 30 Index Fund and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF overlap?
55.6%. They hold 17 of the same securities, the largest shared ones being BAJAJ-AUTO, ICICIBANK, NESTLEIND. From each fund's latest monthly portfolio.
Which is better for SIP, Bandhan Nifty100 Low Volatility 30 Index Fund or ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,74,271 in Bandhan Nifty100 Low Volatility 30 Index Fund (XIRR 0.7% a year) and ₹3,59,193 in ICICI Prudential Nifty Alpha Low- Volatility 30 ETF (XIRR -1.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty100 Low Volatility 30 Index Fund and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Yes. 55.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty100 Low Volatility 30 Index Fund and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Bandhan Nifty100 Low Volatility 30 Index Fund: Abhishek Jain. ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, 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.