Bandhan Nifty100 Low Volatility 30 Index Fund vs Mirae Asset Nifty 100 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 Mirae Asset Nifty 100 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 Mirae Asset Nifty 100 Low Volatility 30 ETF returned 9.6% a year. Bandhan Nifty100 Low Volatility 30 Index Fund charges 0.50% a year and Mirae Asset Nifty 100 Low Volatility 30 ETF 0.48%. Their portfolios overlap 87.0%: they hold 27 of the same securities.
Bandhan Nifty100 Low Volatility 30 Index Fund
Index
- 3 year return
- 9.3%
- Expense ratio
- 0.50%
- NAV
- ₹15.01
Mirae Asset Nifty 100 Low Volatility 30 ETF
ETF
- 3 year return
- 9.6%
- Expense ratio
- 0.48%
- NAV
- ₹195.74
Which is better, Bandhan Nifty100 Low Volatility 30 Index or Mirae Asset Nifty 100 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.
- Mirae Asset Nifty 100 Low Volatility 30 ETF returned more over 3 years: 9.6% a year against 9.3%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF returned more over 1 year: −7.9% against −7.9%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF costs less: 0.48% a year against 0.50%.
- Bandhan Nifty100 Low Volatility 30 Index swung less over 3 years: a standard deviation of 11.6% a year against 11.6%.
- Mirae Asset Nifty 100 Low Volatility 30 ETF fell less in its worst fall since 27-03-2023: −18.1% against −18.2%.
- Bandhan Nifty100 Low Volatility 30 Index is the larger fund: ₹1,604 Cr against ₹41 Cr.
- Their portfolios overlap 87.0%: 27 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 | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹1,604 Cr (31-08-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹15.01 (Direct) | ₹195.74 |
| Expense ratio (Direct) | 0.50% | Not available |
| Expense ratio (Regular) | 1.08% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 Low Volatility 30 TRI | Nifty 100 Low Volatility 30 TRI |
| Launch date | 06-10-2022 | 24-03-2023 |
| Minimum investment | ₹1,000 | On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Ekta Gala, amp, Akshay Udeshi |
| Exit load | Nil | Nil |
Bandhan Nifty100 Low Volatility 30 Index vs Mirae Asset Nifty 100 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% | -- | -- |
| Mirae Asset Nifty 100 Low Volatility 30 ETF | +1.27% | −7.38% | −2.65% | −7.87% | +9.58% | -- | -- |
Bandhan Nifty100 Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Year-wise Returns
| Year | Bandhan Nifty100 Low Volatility 30 IndexBandhan Nifty100 Low Volatility 30 Index | Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF | Nifty100 Low Volatility 30 TRI |
|---|---|---|---|
| 2026to date | −9.45% | −9.38% | −9.07% |
| 2025 | +10.93% | +11.05% | +11.45% |
| 2024 | +11.62% | +12.08% | +12.38% |
| 2023 | +30.70% | -- | +31.87% |
Bandhan Nifty100 Low Volatility 30 Index vs Mirae Asset Nifty 100 Low Volatility 30 ETF: Rolling Returns
Every holding period of both funds, against Nifty100 Low Volatility 30 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 147 of them, one for each trading day from 27-03-2026 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)
Mirae Asset Nifty 100 Low Volatility 30 ETF
Nifty100 Low Volatility 30 TRI
to
Apr 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 | 23.8 | 72.8 | 3.4 | 0.0 | 0.0 | 11.4% | 11.5% | 7.6% | 15.4% | 0% |
| Mirae Asset Nifty 100 Low Volatility 30 ETF | 0.0 | 0.0 | 23.3 | 71.9 | 4.8 | 0.0 | 0.0 | 11.9% | 12.0% | 7.9% | 15.9% | 0% |
| Nifty100 Low Volatility 30 TRI | 0.0 | 0.0 | 21.1 | 69.4 | 9.5 | 0.0 | 0.0 | 12.3% | 12.4% | 8.3% | 16.3% | -- |
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 27-03-2023. Past returns do not promise future returns.
Bandhan Nifty100 Low Volatility 30 Index vs Mirae Asset Nifty 100 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 01-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty100 Low Volatility 30 IndexBandhan Nifty100 Low Volatility 30 Index Fund (Direct) | ₹4,40,000 | ₹4,71,063 | ₹31,063 | 3.7% |
| Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 Low Volatility 30 ETF | ₹4,40,000 | ₹4,73,551 | ₹33,551 | 4.0% |
Bandhan Nifty100 Low Volatility 30 IndexBandhan Nifty100 Low Volatility 30 Index Fund (Direct)
Mirae Asset Nifty 100 Low Volatility 30 ETFMirae Asset Nifty 100 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 Mirae Asset Nifty 100 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) | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | −7.94% | −7.87% |
| Standard deviation | 12.36% | 12.46% |
| Sharpe ratio | -1.07 | -1.05 |
| Sortino ratio | -1.40 | -1.38 |
| Maximum drawdown | −14.3% (31-03-2026) | −14.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.38% |
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) | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | +9.27% | +9.58% |
| Standard deviation | 11.58% | 11.60% |
| Sharpe ratio | 0.28 | 0.31 |
| Sortino ratio | 0.40 | 0.43 |
| Maximum drawdown | −18.2% (04-03-2025) | −18.1% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.69% | −0.38% |
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) | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Return (CAGR) | +10.57% | +12.57% |
| Standard deviation | 10.85% | 11.11% |
| Sharpe ratio | 0.41 | 0.58 |
| Sortino ratio | 0.57 | 0.82 |
| Maximum drawdown | −18.2% (04-03-2025) | −18.1% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.70% | −0.41% |
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)
Mirae Asset Nifty 100 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% |
| Mirae Asset Nifty 100 Low Volatility 30 ETF | −18.1% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.9% |
| Nifty100 Low Volatility 30 TRI | −18.1% | 27-09-2024 | 04-03-2025 | Not yet | -- | −10.2% |
From daily values since 27-03-2023, 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)
Mirae Asset Nifty 100 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)
Mirae Asset Nifty 100 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% | 102% | 0.17% |
| Mirae Asset Nifty 100 Low Volatility 30 ETF | 99% | 101% | 0.05% |
From month-end values since 27-03-2023. 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 Mirae Asset Nifty 100 Low Volatility 30 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty100 Low Volatility 30 Index Fund, August 2026; Mirae Asset Nifty 100 Low Volatility 30 ETF, September 2026
Holdings in common
- Overlap
- 87.0%
- Held by both
- 27
- Only in Bandhan Nifty100 Low Volatility 30 Index
- 3
- Only in Mirae Asset Nifty 100 Low Volatility 30 ETF
- 3
| Security | % of Bandhan Nifty100 Low Volatility 30 Index | % of Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| ICICI Bank Limited | 4.09% | 3.84% |
| Sun Pharmaceutical Industries Limited | 3.80% | 3.82% |
| Apollo Hospitals Enterprise Limited | 3.70% | 3.81% |
| SBI Life Insurance Company Limited | 3.56% | 3.62% |
| Nestle India Limited | 3.74% | 3.53% |
| NTPC Limited | 3.52% | 3.79% |
| Bharti Airtel Limited | 3.47% | 3.65% |
| Britannia Industries Limited | 3.43% | 3.68% |
| Kotak Mahindra Bank Limited | 3.41% | 3.63% |
| Reliance Industries Limited | 3.31% | 3.47% |
| Torrent Pharmaceuticals Limited | 3.30% | 3.32% |
| Cipla Limited | 3.30% | 3.42% |
| HDFC Bank Limited | 3.26% | 3.39% |
| Hindustan Unilever Limited | 3.24% | 3.37% |
| ITC Limited | 3.15% | 3.50% |
| Bajaj Auto Limited | 3.97% | 3.12% |
| UltraTech Cement Limited | 3.12% | 3.16% |
| Maruti Suzuki India Limited | 3.09% | 3.16% |
| State Bank of India | 3.20% | 3.08% |
| Bajaj Finserv Limited | 3.59% | 3.02% |
| Titan Company Limited | 3.60% | 3.01% |
| Pidilite Industries Limited | 3.14% | 2.97% |
| Asian Paints Limited | 2.94% | 3.04% |
| Wipro Limited | 3.16% | 2.82% |
| Larsen & Toubro Limited | 2.75% | 2.86% |
| Dr. Reddy's Laboratories Limited | 2.65% | 3.23% |
| Tata Consultancy Services Limited | 3.64% | 2.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 87.0% means 87.0% 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 Nifty100 Low Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| HCL Technologies Limited | 3.27% |
| Infosys Limited | 2.94% |
| Shree Cement Limited | 2.61% |
Largest holdings only in Mirae Asset Nifty 100 Low Volatility 30 ETF
| Security | % of fund |
|---|---|
| Tata Power Company Ltd. | 3.43% |
| Power Grid Corporation of India Ltd. | 3.39% |
| HDFC Life Insurance Company Ltd. | 3.27% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty100 Low Volatility 30 Index | Mirae Asset Nifty 100 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 | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Large Cap | 94.7% | 96.8% |
| Mid Cap | 5.3% | 3.2% |
| 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 | Mirae Asset Nifty 100 Low Volatility 30 ETF |
|---|---|---|
| Banks | 14.0% | 13.9% |
| Pharmaceuticals & Biotechnology | 13.1% | 13.8% |
| IT - Software | 13.0% | 5.4% |
| Power | 3.5% | 10.6% |
| Food Products | 7.2% | 7.2% |
| Automobiles | 7.1% | 6.3% |
| Insurance | 3.6% | 6.9% |
| Diversified FMCG | 6.4% | 6.9% |
| Consumer Durables | 6.5% | 6.1% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty100 Low Volatility 30 Index vs Mirae Asset Nifty 100 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 | Mirae Asset Nifty 100 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% | 0.30% |
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 Mirae Asset Nifty 100 Low Volatility 30 ETF: Frequently Asked Questions
What is the difference between Bandhan Nifty100 Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF?
Bandhan Nifty100 Low Volatility 30 Index Fund is an Index fund, Mirae Asset Nifty 100 Low Volatility 30 ETF is an ETF fund, run by Bandhan Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 87.0%. Bandhan Nifty100 Low Volatility 30 Index Fund charges 0.50% a year and Mirae Asset Nifty 100 Low Volatility 30 ETF 0.48%.
Which has given higher returns, Bandhan Nifty100 Low Volatility 30 Index Fund or Mirae Asset Nifty 100 Low Volatility 30 ETF?
Over 1 year: Bandhan Nifty100 Low Volatility 30 Index Fund −7.94%, Mirae Asset Nifty 100 Low Volatility 30 ETF −7.87%. Over 3 years: Bandhan Nifty100 Low Volatility 30 Index Fund +9.27% a year, Mirae Asset Nifty 100 Low Volatility 30 ETF +9.58% 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 Mirae Asset Nifty 100 Low Volatility 30 ETF?
Mirae Asset Nifty 100 Low Volatility 30 ETF charges less: 0.48% a year against 0.50%. These are the total expense ratios reported to AMFI.
How much do Bandhan Nifty100 Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF overlap?
87.0%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, SUNPHARMA, APOLLOHOSP. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty100 Low Volatility 30 Index Fund or Mirae Asset Nifty 100 Low Volatility 30 ETF?
On SEBI's riskometer, Bandhan Nifty100 Low Volatility 30 Index Fund is rated Very High and Mirae Asset Nifty 100 Low Volatility 30 ETF Very High. Over 3 years, the standard deviation of daily returns was 11.58% and 11.60% a year.
Which is better for SIP, Bandhan Nifty100 Low Volatility 30 Index Fund or Mirae Asset Nifty 100 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 ₹3,75,287 in Mirae Asset Nifty 100 Low Volatility 30 ETF (XIRR 0.9% 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 Mirae Asset Nifty 100 Low Volatility 30 ETF?
Yes. 87.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty100 Low Volatility 30 Index Fund and Mirae Asset Nifty 100 Low Volatility 30 ETF?
Bandhan Nifty100 Low Volatility 30 Index Fund: Abhishek Jain. Mirae Asset Nifty 100 Low Volatility 30 ETF: Ekta Gala, amp, Akshay Udeshi.
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.