Bandhan Small Cap Fund vs Groww Nifty Smallcap 250 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Small Cap Fund is a Small Cap fund and Groww Nifty Smallcap 250 ETF is an ETF fund. In the year to 30-10-2026, Bandhan Small Cap Fund (Direct) returned 1.0% and Groww Nifty Smallcap 250 ETF returned −3.3%. Bandhan Small Cap Fund charges 0.65% a year and Groww Nifty Smallcap 250 ETF 0.44%. Their portfolios overlap 17.2%: they hold 68 of the same securities.
Bandhan Small Cap Fund
Small Cap
- 1 year return
- 1.0%
- Expense ratio
- 0.65%
- NAV
- ₹53.23
Groww Nifty Smallcap 250 ETF
ETF
- 1 year return
- −3.3%
- Expense ratio
- 0.44%
- NAV
- ₹9.70
Which is better, Bandhan Small Cap or Groww 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 Small Cap returned more over 1 year: 1.0% against −3.3%.
- Groww Nifty Smallcap 250 ETF costs less: 0.44% a year against 0.65%.
- Bandhan Small Cap fell less in its worst fall since 29-10-2025: −15.9% against −18.3%.
- Bandhan Small Cap is the larger fund: ₹34,176 Cr against ₹17 Cr.
- Their portfolios overlap 17.2%: 68 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 Small Cap Fund | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Groww Mutual Fund |
| Category | Small Cap | ETF |
| AUM | ₹34,176 Cr (31-08-2026) | ₹17 Cr (30-09-2026) |
| NAV | ₹53.23 (Direct) | ₹9.70 |
| Expense ratio (Direct) | 0.65% | Not available |
| Expense ratio (Regular) | 1.73% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 250 Smallcap TRI | Nifty Smallcap 250 TRI |
| Launch date | 25-02-2020 | 28-10-2025 |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Kirthi Jain, Ritika Behera, Gaurav Satra | Nikhil Satam, Aakash chauhan, amp, Shashi Kumar |
| Exit load | 1% if redeemed/switched out within 1 year from the date of allotment | Nil |
Bandhan Small Cap vs Groww 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 Small Cap Fund (Direct) | −6.09% | −4.37% | +2.04% | +0.99% | +21.67% | +18.08% | -- |
| Groww Nifty Smallcap 250 ETF | −5.83% | −5.84% | +0.57% | −3.32% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Bandhan Small Cap vs Groww Nifty Smallcap 250 ETF: Year-wise Returns
| Year | Bandhan Small CapBandhan Small Cap | Groww Nifty Smallcap 250 ETFGroww Nifty Smallcap 250 ETF |
|---|---|---|
| 2026to date | +4.61% | +0.86% |
| 2025 | +0.12% | -- |
| 2024 | +45.18% | -- |
| 2023 | +55.85% | -- |
| 2022 | −4.58% | -- |
| 2021 | +55.38% | -- |
Bandhan Small Cap vs Groww Nifty Smallcap 250 ETF: Rolling Returns
Every holding period of both funds, against BSE 250 SmallCap Index TRI, the benchmark of Bandhan Small Cap Fund
Bandhan Small Cap vs Groww Nifty Smallcap 250 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Small CapBandhan Small Cap Fund (Direct) | ₹1,30,000 | ₹1,32,983 | ₹2,983 | 4.0% |
| Groww Nifty Smallcap 250 ETFGroww Nifty Smallcap 250 ETF | ₹1,30,000 | ₹1,29,849 | −₹151 | −0.2% |
Bandhan Small CapBandhan Small Cap Fund (Direct)
Groww Nifty Smallcap 250 ETFGroww Nifty Smallcap 250 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 Small Cap vs Groww 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 Small Cap Fund (Direct) | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Return (CAGR) | +0.99% | −3.32% |
| Standard deviation | 16.37% | 18.05% |
| Sharpe ratio | -0.26 | -0.47 |
| Sortino ratio | -0.36 | -0.64 |
| Maximum drawdown | −15.9% (30-03-2026) | −18.3% (23-03-2026) |
| Beta | 0.88 | 1.00 |
| Alpha | +4.94% | −0.20% |
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 Small Cap Fund (Direct) | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Return (CAGR) | +28.47% | −3.38% |
| Standard deviation | 17.05% | 18.03% |
| Sharpe ratio | 1.37 | -0.48 |
| Sortino ratio | 1.85 | -0.65 |
| Maximum drawdown | −24.3% (20-06-2022) | −18.3% (23-03-2026) |
| Beta | 0.81 | 1.00 |
| Alpha | +11.47% | −0.20% |
From daily NAVs, 26-02-2020 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 Small Cap Fund (Direct)
Groww Nifty Smallcap 250 ETF
BSE 250 SmallCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Small Cap Fund (Direct) | −15.9% | 03-11-2025 | 30-03-2026 | 06-05-2026 | 37 days | −8.4% |
| Groww Nifty Smallcap 250 ETF | −18.3% | 03-11-2025 | 23-03-2026 | 08-05-2026 | 46 days | −9.4% |
| BSE 250 SmallCap Index TRI | −19.0% | 03-11-2025 | 23-03-2026 | 17-06-2026 | 3 months | −10.1% |
From daily values since 29-10-2025, 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 Small Cap Fund (Direct)
Groww Nifty Smallcap 250 ETF
BSE 250 SmallCap Index TRI
Against BSE 250 SmallCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Small Cap Fund (Direct) | 101% | 82% | 3.72% |
| Groww Nifty Smallcap 250 ETF | 101% | 95% | 1.62% |
From month-end values since 29-10-2025. 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 Small Cap vs Groww Nifty Smallcap 250 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Small Cap Fund, August 2026; Groww Nifty Smallcap 250 ETF, September 2026
Holdings in common
- Overlap
- 17.2%
- Held by both
- 68
- Only in Bandhan Small Cap
- 187
- Only in Groww Nifty Smallcap 250 ETF
- 182
| Security | % of Bandhan Small Cap | % of Groww Nifty Smallcap 250 ETF |
|---|---|---|
| PNB Housing Finance Limited | 1.36% | 0.94% |
| The Great Eastern Shipping Company Limited | 0.77% | 0.69% |
| Angel One Limited | 0.62% | 0.80% |
| Cholamandalam Financial Holdings Limited | 1.63% | 0.61% |
| Crompton Greaves Consumer Electricals Limited | 0.76% | 0.60% |
| Sterlite Technologies Limited | 0.60% | 1.19% |
| Piramal Pharma Limited | 0.62% | 0.57% |
| AWL Agri Business Limited | 0.96% | 0.44% |
| Kirloskar Oil Engines Limited | 0.42% | 0.86% |
| Manappuram Finance Limited | 0.39% | 0.78% |
| Redington Limited | 0.39% | 1.08% |
| Cyient Limited | 1.66% | 0.39% |
| Aptus Value Housing Finance India Limited | 0.49% | 0.37% |
| Neuland Laboratories Limited | 0.36% | 0.82% |
| eClerx Services Limited | 1.09% | 0.33% |
| Aditya Birla Sun Life AMC Limited | 0.35% | 0.33% |
| Cohance Lifesciences Limited | 0.41% | 0.32% |
| Deepak Fertilizers and Petrochemicals Corporation Limited | 0.32% | 0.40% |
| Nuvama Wealth Management Limited | 0.31% | 0.59% |
| Wockhardt Limited | 0.30% | 0.78% |
| Inox Wind Limited | 0.37% | 0.30% |
| Paradeep Phosphates Limited | 1.38% | 0.30% |
| Amara Raja Energy & Mobility Ltd | 0.27% | 0.41% |
| Aditya Birla Real Estate Limited | 0.92% | 0.27% |
| PCBL Chemical Limited | 0.61% | 0.26% |
| Sagility Limited | 0.25% | 0.44% |
| Can Fin Homes Limited | 0.25% | 0.27% |
| LT Foods Limited | 2.10% | 0.25% |
| Jubilant Ingrevia Limited | 0.64% | 0.24% |
| Godawari Power And Ispat limited | 0.67% | 0.24% |
| Sobha Limited | 2.40% | 0.24% |
| Acme Solar Holdings Ltd | 0.24% | 0.40% |
| NCC Limited | 0.27% | 0.23% |
| Onesource Specialty Pharma Limited | 0.23% | 0.54% |
| KFin Technologies Limited | 0.23% | 0.50% |
| Sansera Engineering Limited | 0.21% | 0.89% |
| Star Health And Allied Insurance Company Limited | 0.20% | 0.56% |
| Krishna Institute Of Medical Sciences Limited | 0.20% | 0.89% |
| Aegis Vopak Terminals Limited | 0.17% | 0.19% |
| Usha Martin Limited | 0.17% | 0.41% |
| JSW Cement Limited | 0.27% | 0.16% |
| The Jammu & Kashmir Bank Limited | 0.16% | 0.28% |
| KEC International Limited | 0.16% | 0.22% |
| Emami Limited | 0.16% | 0.33% |
| Computer Age Management Services Limited | 0.16% | 0.72% |
| Zee Entertainment Enterprises Limited | 0.15% | 0.31% |
| Aarti Industries Limited | 0.15% | 0.44% |
| Birlasoft Limited | 0.15% | 0.20% |
| Jupiter Wagons Limited | 0.17% | 0.14% |
| UTI Asset Management Company Limited | 0.13% | 0.17% |
| Syrma SGS Technology Limited | 0.13% | 0.62% |
| Clean Science and Technology Limited | 0.13% | 0.17% |
| Bagmane Prime Office REIT | 0.13% | 0.28% |
| The Ramco Cements Limited | 0.13% | 0.48% |
| SignatureGlobal (India) Limited | 0.22% | 0.13% |
| Jindal Saw Limited | 0.12% | 0.29% |
| CESC Limited | 0.12% | 0.38% |
| Pine Labs Limited | 0.11% | 0.43% |
| Emcure Pharmaceuticals Limited | 0.11% | 0.36% |
| RHI Magnesita India Limited | 0.41% | 0.11% |
| Finolex Cables Limited | 0.09% | 0.49% |
| HEG Limited | 0.35% | 0.08% |
| Bharat Coking Coal Limited | 0.10% | 0.07% |
| Five Star Business Finance Limited | 0.06% | 0.45% |
| Indiamart Intermesh Limited | 0.05% | 0.22% |
| Jyoti CNC Automation Ltd | 0.04% | 0.40% |
| Craftsman Automation Limited | 0.03% | 0.70% |
| Vedanta Power Ltd | 0.01% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.2% means 17.2% 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 Small Cap Fund
| Security | % of fund |
|---|---|
| REC Limited | 2.42% |
| State Bank of India | 1.88% |
| Arvind Limited | 1.56% |
| The South Indian Bank Limited | 1.48% |
| The Karnataka Bank Limited | 1.34% |
Largest holdings only in Groww Nifty Smallcap 250 ETF
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 1.67% |
| WELSPUN CORP LTD | 1.59% |
| Karur Vysya Bank Limited | 1.37% |
| Navin Fluorine International Limited | 1.35% |
| Ather Energy Limited | 1.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Small Cap | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Equity | 86.6% | 97.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 13.4% | 2.3% |
Market cap of stocks
| Market cap | Bandhan Small Cap | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Large Cap | 6.1% | 0.0% |
| Mid Cap | 10.7% | 2.7% |
| Small Cap | 68.7% | 94.0% |
| Not on AMFI's list | 1.1% | 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 Small Cap | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Finance | 9.8% | 7.6% |
| Banks | 8.7% | 5.1% |
| Industrial Products | 3.8% | 8.6% |
| Auto Components | 0.9% | 8.4% |
| Pharmaceuticals & Biotechnology | 6.9% | 7.7% |
| Realty | 6.3% | 1.5% |
| Consumer Durables | 5.9% | 2.8% |
| Chemicals & Petrochemicals | 3.5% | 5.7% |
| Capital Markets | 1.8% | 5.4% |
| Agricultural Food & other Products | 4.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Small Cap vs Groww Nifty Smallcap 250 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Small Cap Fund | Groww Nifty Smallcap 250 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | Not available |
| Base expense ratio (Direct) | 0.40% | 0.30% |
| Total expense ratio (Regular) | 1.73% | Not available |
| Base expense ratio (Regular) | 1.32% | 0.00% |
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.
More comparisons
Each fund against the others of its category
Bandhan Small Cap Fund vs Groww Nifty Smallcap 250 ETF: Frequently Asked Questions
What is the difference between Bandhan Small Cap Fund and Groww Nifty Smallcap 250 ETF?
Bandhan Small Cap Fund is a Small Cap fund, Groww Nifty Smallcap 250 ETF is an ETF fund, run by Bandhan Mutual Fund and Groww Mutual Fund. Their portfolios overlap 17.2%. Bandhan Small Cap Fund charges 0.65% a year and Groww Nifty Smallcap 250 ETF 0.44%.
Which has given higher returns, Bandhan Small Cap Fund or Groww Nifty Smallcap 250 ETF?
Over 1 year: Bandhan Small Cap Fund +0.99%, Groww Nifty Smallcap 250 ETF −3.32%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Small Cap Fund or Groww Nifty Smallcap 250 ETF?
Groww Nifty Smallcap 250 ETF charges less: 0.44% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do Bandhan Small Cap Fund and Groww Nifty Smallcap 250 ETF overlap?
17.2%. They hold 68 of the same securities, the largest shared ones being PNBHOUSING, GESHIP, ANGELONE. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Small Cap Fund or Groww Nifty Smallcap 250 ETF?
On SEBI's riskometer, Bandhan Small Cap Fund is rated Very High and Groww Nifty Smallcap 250 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.37% and 18.05% a year.
Can I invest in both Bandhan Small Cap Fund and Groww Nifty Smallcap 250 ETF?
Yes. 17.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Small Cap Fund and Groww Nifty Smallcap 250 ETF?
Bandhan Small Cap Fund: Manish Gunwani, Kirthi Jain, Ritika Behera, Gaurav Satra. Groww Nifty Smallcap 250 ETF: Nikhil Satam, Aakash chauhan, amp, Shashi Kumar.
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.