Bandhan Nifty200 Momentum 30 Index Fund vs Mirae Asset Nifty 200 Alpha 30 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Nifty200 Momentum 30 Index Fund is an Index fund and Mirae Asset Nifty 200 Alpha 30 ETF is an ETF fund. In the 3 years to 30-10-2026, Bandhan Nifty200 Momentum 30 Index Fund (Direct) returned 8.5% a year and Mirae Asset Nifty 200 Alpha 30 ETF returned 13.9% a year. Bandhan Nifty200 Momentum 30 Index Fund charges 0.81% a year and Mirae Asset Nifty 200 Alpha 30 ETF 0.78%. Their portfolios overlap 64.3%: they hold 22 of the same securities.
Bandhan Nifty200 Momentum 30 Index Fund
Index
- 3 year return
- 8.5%
- Expense ratio
- 0.81%
- NAV
- ₹14.61
Mirae Asset Nifty 200 Alpha 30 ETF
ETF
- 3 year return
- 13.9%
- Expense ratio
- 0.78%
- NAV
- ₹24.62
Which is better, Bandhan Nifty200 Momentum 30 Index or Mirae Asset Nifty 200 Alpha 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 200 Alpha 30 ETF returned more over 3 years: 13.9% a year against 8.5%.
- Mirae Asset Nifty 200 Alpha 30 ETF returned more over 1 year: −3.1% against −9.8%.
- Mirae Asset Nifty 200 Alpha 30 ETF costs less: 0.78% a year against 0.81%.
- Bandhan Nifty200 Momentum 30 Index swung less over 3 years: a standard deviation of 19.7% a year against 21.3%.
- Mirae Asset Nifty 200 Alpha 30 ETF fell less in its worst fall since 23-10-2023: −30.0% against −31.7%.
- Bandhan Nifty200 Momentum 30 Index holds more in large companies: 66.2% of the fund in large caps against 49.2%.
- Mirae Asset Nifty 200 Alpha 30 ETF is the larger fund: ₹388 Cr against ₹123 Cr.
- Their portfolios overlap 64.3%: 22 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 Nifty200 Momentum 30 Index Fund | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹123 Cr (31-08-2026) | ₹388 Cr (30-09-2026) |
| NAV | ₹14.61 (Direct) | ₹24.62 |
| Expense ratio (Direct) | 0.81% | Not available |
| Expense ratio (Regular) | 1.43% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty200 Momentum 30 TRI | Nifty 200 Alpha 30 TRI |
| Launch date | 02-09-2022 | 20-10-2023 |
| Minimum investment | ₹1,000 | On exchange in multiple of 1 unit. With AMC: In multiples of 2,00,000 Units |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Ekta Gala, amp, Akshay Udeshi |
| Exit load | Nil | NIL |
Bandhan Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 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 Nifty200 Momentum 30 Index Fund (Direct) | −3.15% | −5.00% | −5.11% | −9.76% | +8.49% | -- | -- |
| Mirae Asset Nifty 200 Alpha 30 ETF | −2.58% | −4.65% | −1.34% | −3.10% | +13.95% | -- | -- |
Bandhan Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Year-wise Returns
| Year | Bandhan Nifty200 Momentum 30 IndexBandhan Nifty200 Momentum 30 Index | Mirae Asset Nifty 200 Alpha 30 ETFMirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| 2026to date | −8.12% | −1.40% |
| 2025 | −5.40% | −5.53% |
| 2024 | +20.29% | +26.74% |
| 2023 | +40.18% | -- |
Bandhan Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Rolling Returns
Every holding period of both funds, against Nifty200 Momentum 30 TRI, the benchmark of Bandhan Nifty200 Momentum 30 Index Fund
Rolling returns
Every 1-year holding period, 504 of them, one for each trading day from 23-10-2024 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 Nifty200 Momentum 30 Index Fund (Direct)
Mirae Asset Nifty 200 Alpha 30 ETF
Nifty200 Momentum 30 TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 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 Nifty200 Momentum 30 Index | 63.7 | 14.1 | 6.9 | 4.2 | 1.2 | 2.2 | 7.7 | −0.5% | −3.1% | −21.6% | 56.2% | 1% |
| Mirae Asset Nifty 200 Alpha 30 ETF | 46.1 | 18.6 | 14.0 | 7.2 | 3.2 | 1.0 | 9.8 | 3.7% | 1.0% | −17.7% | 62.7% | 97% |
| Nifty200 Momentum 30 TRI | 60.5 | 16.7 | 5.6 | 5.8 | 1.6 | 1.8 | 8.1 | 0.4% | −2.4% | −21.0% | 58.1% | -- |
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 Nifty200 Momentum 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 23-10-2023. Past returns do not promise future returns.
Bandhan Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty200 Momentum 30 IndexBandhan Nifty200 Momentum 30 Index Fund (Direct) | ₹3,70,000 | ₹3,47,969 | −₹22,031 | −3.9% |
| Mirae Asset Nifty 200 Alpha 30 ETFMirae Asset Nifty 200 Alpha 30 ETF | ₹3,70,000 | ₹3,78,619 | ₹8,619 | 1.5% |
Bandhan Nifty200 Momentum 30 IndexBandhan Nifty200 Momentum 30 Index Fund (Direct)
Mirae Asset Nifty 200 Alpha 30 ETFMirae Asset Nifty 200 Alpha 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 Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty200 Momentum 30 Index Fund (Direct) | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Return (CAGR) | −9.76% | −3.10% |
| Standard deviation | 19.20% | 19.86% |
| Sharpe ratio | -0.78 | -0.42 |
| Sortino ratio | -1.06 | -0.57 |
| Maximum drawdown | −16.2% (31-03-2026) | −15.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.74% | −1.06% |
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 Nifty200 Momentum 30 Index Fund (Direct) | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Return (CAGR) | +8.49% | +13.95% |
| Standard deviation | 19.66% | 21.31% |
| Sharpe ratio | 0.13 | 0.37 |
| Sortino ratio | 0.17 | 0.50 |
| Maximum drawdown | −31.7% (07-04-2025) | −30.0% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.97% | −0.95% |
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 Nifty200 Momentum 30 Index Fund (Direct) | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Return (CAGR) | +9.40% | +13.78% |
| Standard deviation | 18.17% | 21.28% |
| Sharpe ratio | 0.18 | 0.36 |
| Sortino ratio | 0.24 | 0.49 |
| Maximum drawdown | −31.7% (07-04-2025) | −30.0% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.98% | −0.95% |
From daily NAVs, 05-09-2022 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 Nifty200 Momentum 30 Index Fund (Direct)
Mirae Asset Nifty 200 Alpha 30 ETF
Nifty200 Momentum 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty200 Momentum 30 Index Fund (Direct) | −31.7% | 27-09-2024 | 07-04-2025 | Not yet | -- | −25.1% |
| Mirae Asset Nifty 200 Alpha 30 ETF | −30.0% | 30-08-2024 | 28-02-2025 | Not yet | -- | −16.6% |
| Nifty200 Momentum 30 TRI | −31.6% | 27-09-2024 | 07-04-2025 | Not yet | -- | −23.9% |
From daily values since 23-10-2023, 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 Nifty200 Momentum 30 Index Fund (Direct)
Mirae Asset Nifty 200 Alpha 30 ETF
Nifty200 Momentum 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 Nifty200 Momentum 30 Index Fund (Direct)
Mirae Asset Nifty 200 Alpha 30 ETF
Nifty200 Momentum 30 TRI
Against Nifty200 Momentum 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty200 Momentum 30 Index Fund (Direct) | 98% | 101% | 0.33% |
| Mirae Asset Nifty 200 Alpha 30 ETF | 111% | 97% | 5.40% |
From month-end values since 23-10-2023. 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 Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty200 Momentum 30 Index Fund, August 2026; Mirae Asset Nifty 200 Alpha 30 ETF, September 2026
Holdings in common
- Overlap
- 64.3%
- Held by both
- 22
- Only in Bandhan Nifty200 Momentum 30 Index
- 8
- Only in Mirae Asset Nifty 200 Alpha 30 ETF
- 8
| Security | % of Bandhan Nifty200 Momentum 30 Index | % of Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Multi Commodity Exchange of India Limited | 5.86% | 5.10% |
| Laurus Labs Limited | 5.96% | 5.07% |
| Shriram Finance Limited | 5.33% | 4.80% |
| The Federal Bank Limited | 3.96% | 4.15% |
| Vedanta Limited | 4.30% | 3.75% |
| Bharat Heavy Electricals Limited | 3.65% | 5.10% |
| Adani Power Limited | 4.22% | 3.33% |
| Samvardhana Motherson International Limited | 3.29% | 4.35% |
| Bharat Forge Limited | 3.29% | 4.35% |
| GE Vernova T&D India Limited | 4.31% | 3.03% |
| BSE Limited | 4.13% | 3.01% |
| Hitachi Energy India Limited | 3.01% | 3.72% |
| Adani Energy Solutions Limited | 2.83% | 4.38% |
| National Aluminium Company Limited | 2.79% | 4.62% |
| Hindalco Industries Limited | 5.09% | 2.13% |
| Vodafone Idea Limited | 2.11% | 4.67% |
| Adani Green Energy Limited | 1.85% | 1.95% |
| Steel Authority of India Limited | 1.70% | 3.21% |
| Polycab India Limited | 2.74% | 1.62% |
| Cummins India Limited | 4.50% | 1.60% |
| Aditya Birla Capital Limited | 1.36% | 2.67% |
| L&T Finance Limited | 1.00% | 2.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 64.3% means 64.3% 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 Nifty200 Momentum 30 Index Fund
| Security | % of fund |
|---|---|
| Tata Steel Limited | 4.75% |
| NTPC Limited | 4.49% |
| CG Power and Industrial Solutions Limited | 3.06% |
| Torrent Pharmaceuticals Limited | 2.83% |
| Solar Industries India Limited | 2.07% |
Largest holdings only in Mirae Asset Nifty 200 Alpha 30 ETF
| Security | % of fund |
|---|---|
| Aurobindo Pharma Ltd. | 3.06% |
| Bank of Maharashtra | 3.00% |
| Union Bank of India | 2.71% |
| AU Small Finance Bank Ltd. | 2.71% |
| FSN E-Commerce Ventures Ltd. | 2.57% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty200 Momentum 30 Index | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Nifty200 Momentum 30 Index | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Large Cap | 66.2% | 49.2% |
| Mid Cap | 33.7% | 50.8% |
| 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 Nifty200 Momentum 30 Index | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Electrical Equipment | 16.0% | 11.8% |
| Banks | 4.0% | 14.6% |
| Power | 13.4% | 9.7% |
| Pharmaceuticals & Biotechnology | 10.5% | 8.1% |
| Finance | 7.7% | 10.1% |
| Capital Markets | 10.0% | 8.1% |
| Industrial Products | 9.0% | 3.2% |
| Auto Components | 6.6% | 8.7% |
| Non - Ferrous Metals | 7.9% | 6.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty200 Momentum 30 Index vs Mirae Asset Nifty 200 Alpha 30 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty200 Momentum 30 Index Fund | Mirae Asset Nifty 200 Alpha 30 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.81% | Not available |
| Base expense ratio (Direct) | 0.33% | 0.00% |
| Total expense ratio (Regular) | 1.43% | Not available |
| Base expense ratio (Regular) | 0.86% | 0.38% |
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 Nifty200 Momentum 30 Index Fund vs Mirae Asset Nifty 200 Alpha 30 ETF: Frequently Asked Questions
What is the difference between Bandhan Nifty200 Momentum 30 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF?
Bandhan Nifty200 Momentum 30 Index Fund is an Index fund, Mirae Asset Nifty 200 Alpha 30 ETF is an ETF fund, run by Bandhan Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 64.3%. Bandhan Nifty200 Momentum 30 Index Fund charges 0.81% a year and Mirae Asset Nifty 200 Alpha 30 ETF 0.78%.
Which has given higher returns, Bandhan Nifty200 Momentum 30 Index Fund or Mirae Asset Nifty 200 Alpha 30 ETF?
Over 1 year: Bandhan Nifty200 Momentum 30 Index Fund −9.76%, Mirae Asset Nifty 200 Alpha 30 ETF −3.10%. Over 3 years: Bandhan Nifty200 Momentum 30 Index Fund +8.49% a year, Mirae Asset Nifty 200 Alpha 30 ETF +13.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty200 Momentum 30 Index Fund or Mirae Asset Nifty 200 Alpha 30 ETF?
Mirae Asset Nifty 200 Alpha 30 ETF charges less: 0.78% a year against 0.81%. These are the total expense ratios reported to AMFI.
How much do Bandhan Nifty200 Momentum 30 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF overlap?
64.3%. They hold 22 of the same securities, the largest shared ones being MCX, LAURUSLABS, SHRIRAMFIN. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Nifty200 Momentum 30 Index Fund or Mirae Asset Nifty 200 Alpha 30 ETF?
On SEBI's riskometer, Bandhan Nifty200 Momentum 30 Index Fund is rated Very High and Mirae Asset Nifty 200 Alpha 30 ETF Very High. Over 3 years, the standard deviation of daily returns was 19.66% and 21.31% a year.
Which is better for SIP, Bandhan Nifty200 Momentum 30 Index Fund or Mirae Asset Nifty 200 Alpha 30 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,47,969 in Bandhan Nifty200 Momentum 30 Index Fund (XIRR -3.9% a year) and ₹3,78,619 in Mirae Asset Nifty 200 Alpha 30 ETF (XIRR 1.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Nifty200 Momentum 30 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF?
Yes. 64.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bandhan Nifty200 Momentum 30 Index Fund and Mirae Asset Nifty 200 Alpha 30 ETF?
Bandhan Nifty200 Momentum 30 Index Fund: Abhishek Jain. Mirae Asset Nifty 200 Alpha 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.