Bandhan Retirement Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Retirement Fund is a Solution fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Bandhan Retirement Fund (Direct) returned 9.1% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Bandhan Retirement Fund charges 1.03% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 45.3%: they hold 32 of the same securities.
Bandhan Retirement Fund
Solution
- 3 year return
- 9.1%
- Expense ratio
- 1.03%
- NAV
- ₹12.80
Which is better, Bandhan Retirement or SBI BSE 100 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 Retirement returned more over 3 years: 9.1% a year against 8.8%.
- Bandhan Retirement returned more over 1 year: −3.5% against −9.1%.
- SBI BSE 100 ETF costs less: 0.16% a year against 1.03%.
- Bandhan Retirement swung less over 3 years: a standard deviation of 8.3% a year against 13.5%.
- Bandhan Retirement fell less in its worst fall since 19-10-2023: −9.8% against −16.7%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 56.2%.
- Bandhan Retirement is the larger fund: ₹182 Cr against ₹9 Cr.
- Their portfolios overlap 45.3%: 32 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 Retirement Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | SBI Mutual Fund |
| Category | Solution | Not available |
| AUM | ₹182 Cr (31-08-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹12.80 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 1.03% | Not available |
| Expense ratio (Regular) | 2.62% | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Not available |
| Launch date | 13-10-2023 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | 5 years, or until retirement if earlier | Not available |
| Fund managers | Vishal Biraia, Gautam Kaul, Viraj Kulkarni, Ritika Behera, Gaurav Satra, Brijesh Shah | Not available |
| Exit load | Nil | Not available |
Bandhan Retirement vs SBI BSE 100 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 Retirement Fund (Direct) | +0.47% | −3.64% | −1.17% | −3.52% | +9.08% | -- | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
Bandhan Retirement vs SBI BSE 100 ETF: Year-wise Returns
| Year | Bandhan RetirementBandhan Retirement | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −4.29% | −9.80% |
| 2025 | +8.38% | +10.33% |
| 2024 | +14.67% | +13.11% |
| 2023 | -- | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
Bandhan Retirement vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 1-year holding period, 506 of them, one for each trading day from 21-10-2024 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 Retirement Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 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 Retirement | 7.1 | 33.8 | 41.7 | 7.7 | 4.7 | 3.8 | 1.2 | 6.9% | 6.1% | −4.5% | 25.5% | 66% |
| SBI BSE 100 ETF | 26.4 | 24.0 | 25.6 | 14.2 | 2.4 | 2.6 | 4.9 | 5.8% | 4.9% | −10.5% | 33.6% | 1% |
| BSE 100 TRI | 25.5 | 23.7 | 25.7 | 15.0 | 2.4 | 2.8 | 4.9 | 6.0% | 5.1% | −10.3% | 33.8% | -- |
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 BSE 100 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 19-10-2023. Past returns do not promise future returns.
Bandhan Retirement vs SBI BSE 100 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 19-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan RetirementBandhan Retirement Fund (Direct) | ₹3,70,000 | ₹3,87,963 | ₹17,963 | 3.0% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹3,70,000 | ₹3,72,729 | ₹2,729 | 0.5% |
Bandhan RetirementBandhan Retirement Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 Retirement vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Retirement Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −3.52% | −9.05% |
| Standard deviation | 8.91% | 13.91% |
| Sharpe ratio | -0.98 | -1.03 |
| Sortino ratio | -1.32 | -1.36 |
| Maximum drawdown | −9.8% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 Retirement Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.08% | +8.78% |
| Standard deviation | 8.35% | 13.55% |
| Sharpe ratio | 0.37 | 0.20 |
| Sortino ratio | 0.50 | 0.28 |
| Maximum drawdown | −9.8% (30-03-2026) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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 Retirement Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +8.50% | +10.40% |
| Standard deviation | 8.34% | 15.99% |
| Sharpe ratio | 0.30 | 0.30 |
| Sortino ratio | 0.40 | 0.40 |
| Maximum drawdown | −9.8% (30-03-2026) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 19-10-2023 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.
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 Retirement Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Retirement Fund (Direct) | −9.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −5.0% |
| SBI BSE 100 ETF (Regular) | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.6% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
From daily values since 19-10-2023, 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 Retirement Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 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 Retirement Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Retirement Fund (Direct) | 72% | 57% | 6.10% |
| SBI BSE 100 ETF (Regular) | 99% | 100% | 0.02% |
From month-end values since 19-10-2023. 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 Retirement vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Retirement Fund, August 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 45.3%
- Held by both
- 32
- Only in Bandhan Retirement
- 23
- Only in SBI BSE 100 ETF
- 68
| Security | % of Bandhan Retirement | % of SBI BSE 100 ETF |
|---|---|---|
| Reliance Industries Limited | 5.08% | 6.01% |
| ICICI Bank Limited | 4.80% | 7.24% |
| Bharti Airtel Limited | 5.45% | 4.18% |
| HDFC Bank Limited | 4.09% | 8.26% |
| Larsen & Toubro Limited | 3.81% | 3.35% |
| Kotak Mahindra Bank Limited | 3.76% | 2.34% |
| State Bank of India | 2.16% | 3.04% |
| Axis Bank Limited | 1.93% | 2.68% |
| Infosys Limited | 1.63% | 2.68% |
| Titan Company Limited | 3.91% | 1.43% |
| ITC Limited | 1.40% | 1.94% |
| Tata Consultancy Services Limited | 1.32% | 1.58% |
| Maruti Suzuki India Limited | 1.79% | 1.18% |
| Bajaj Finance Limited | 1.16% | 1.96% |
| Eternal Limited | 1.08% | 1.76% |
| Hindalco Industries Limited | 1.57% | 1.03% |
| Coal India Limited | 0.95% | 0.78% |
| Adani Ports and Special Economic Zone Limited | 0.61% | 1.07% |
| Cipla Limited | 0.86% | 0.58% |
| Cholamandalam Investment and Finance Company Ltd | 1.15% | 0.54% |
| Tata Motors Ltd | 0.53% | 0.68% |
| InterGlobe Aviation Limited | 0.53% | 0.85% |
| Hero MotoCorp Limited | 1.26% | 0.51% |
| CG Power and Industrial Solutions Limited | 0.81% | 0.44% |
| HDFC Life Insurance Company Limited | 0.60% | 0.42% |
| Varun Beverages Limited | 0.40% | 0.45% |
| Lupin Limited | 0.76% | 0.38% |
| Info Edge (India) Limited | 1.69% | 0.36% |
| Tata Motors Passenger Vehicles Limited | 0.34% | 0.46% |
| Wipro Limited | 0.32% | 0.32% |
| United Spirits Limited | 0.82% | 0.30% |
| GAIL (India) Limited | 0.08% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.3% means 45.3% 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 Retirement Fund
| Security | % of fund |
|---|---|
| 7.3% GOI (MD 19/06/2053) | 21.31% |
| Hitachi Energy India Limited | 2.75% |
| Jindal Steel Limited | 1.31% |
| Max Financial Services Limited | 1.25% |
| NHPC Limited | 1.09% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd. | 2.01% |
| Sun Pharmaceutical Industries Ltd. | 1.50% |
| Hindustan Unilever Ltd. | 1.28% |
| NTPC Ltd. | 1.17% |
| Tata Steel Ltd. | 1.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Retirement | SBI BSE 100 ETF |
|---|---|---|
| Equity | 72.1% | 100.0% |
| Debt | 21.3% | 0.0% |
| Cash and others | 6.6% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Retirement | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 56.2% | 90.2% |
| Mid Cap | 11.1% | 9.7% |
| Small Cap | 4.8% | 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 Retirement | SBI BSE 100 ETF |
|---|---|---|
| Banks | 16.7% | 26.7% |
| IT - Software | 3.8% | 7.5% |
| Petroleum Products | 5.1% | 6.8% |
| Automobiles | 3.4% | 6.5% |
| Finance | 2.9% | 5.8% |
| Telecom - Services | 5.5% | 4.5% |
| Consumer Durables | 4.9% | 2.9% |
| Construction | 3.8% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Retirement vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Retirement Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | Not available |
| Base expense ratio (Direct) | 0.73% | 0.00% |
| Total expense ratio (Regular) | 2.62% | 0.16% |
| Base expense ratio (Regular) | 2.10% | 0.12% |
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 Retirement Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Bandhan Retirement Fund and SBI BSE 100 ETF?
Bandhan Retirement Fund is a Solution fund, SBI BSE 100 ETF is a mutual fund, run by Bandhan Mutual Fund and SBI Mutual Fund. Their portfolios overlap 45.3%. Bandhan Retirement Fund charges 1.03% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Bandhan Retirement Fund or SBI BSE 100 ETF?
Over 1 year: Bandhan Retirement Fund −3.52%, SBI BSE 100 ETF −9.05%. Over 3 years: Bandhan Retirement Fund +9.08% a year, SBI BSE 100 ETF +8.78% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Retirement Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do Bandhan Retirement Fund and SBI BSE 100 ETF overlap?
45.3%. They hold 32 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is better for SIP, Bandhan Retirement Fund or SBI BSE 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 19-10-2023 to 30-10-2026 grew to ₹3,87,963 in Bandhan Retirement Fund (XIRR 3.0% a year) and ₹3,72,729 in SBI BSE 100 ETF (XIRR 0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Retirement Fund and SBI BSE 100 ETF?
Yes. 45.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.