Bandhan Small Cap Fund vs Helios Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Small Cap Fund and Helios Small Cap Fund are both Small Cap funds. Bandhan Small Cap Fund charges 0.65% a year and Helios Small Cap Fund 0.89% (Direct plans). Their portfolios overlap 6.5%: they hold 21 of the same securities.
Which is better, Bandhan Small Cap or Helios Small Cap? 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 costs less: 0.65% a year against 0.89% (Direct plans).
- Bandhan Small Cap fell less in its worst fall since 28-11-2025: −14.1% against −16.9%.
- Bandhan Small Cap is the larger fund: ₹34,176 Cr against ₹1,885 Cr.
- Their portfolios overlap 6.5%: 21 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 | Helios Small Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Helios Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹34,176 Cr (31-08-2026) | ₹1,885 Cr (30-09-2026) |
| NAV | ₹53.23 (Direct) | ₹10.87 (Direct) |
| Expense ratio (Direct) | 0.65% | 0.89% |
| Expense ratio (Regular) | 1.73% | 2.40% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 250 Smallcap TRI | Nifty Smallcap 250 TRI |
| Launch date | 25-02-2020 | 27-11-2025 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Gunwani, Kirthi Jain, Ritika Behera, Gaurav Satra | Alok Bahl, Pratik Singh |
| Exit load | 1% if redeemed/switched out within 1 year from the date of allotment | Exit load of 1%, if redeemed within 3 months. |
Bandhan Small Cap vs Helios Small Cap: 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% | -- |
| Helios Small Cap Fund (Direct) | −5.23% | −1.18% | +10.36% | -- | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Bandhan Small Cap vs Helios Small Cap: Year-wise Returns
| Year | BandhanBandhan Small Cap | HeliosHelios Small Cap |
|---|---|---|
| 2026to date | +4.61% | +10.58% |
| 2025 | +0.12% | -- |
| 2024 | +45.18% | -- |
| 2023 | +55.85% | -- |
| 2022 | −4.58% | -- |
| 2021 | +55.38% | -- |
Bandhan Small Cap vs Helios Small Cap: 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 Helios Small Cap: 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) | Helios Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +28.47% | +9.02% |
| Standard deviation | 17.05% | 18.12% |
| Sharpe ratio | 1.37 | 0.21 |
| Sortino ratio | 1.85 | 0.29 |
| Maximum drawdown | −24.3% (20-06-2022) | −16.9% (23-03-2026) |
| Beta | 0.81 | 0.94 |
| Alpha | +11.47% | +7.96% |
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)
Helios Small Cap Fund (Direct)
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) | −14.1% | 07-01-2026 | 30-03-2026 | 22-04-2026 | 23 days | −8.4% |
| Helios Small Cap Fund (Direct) | −16.9% | 01-12-2025 | 23-03-2026 | 06-05-2026 | 44 days | −8.0% |
| BSE 250 SmallCap Index TRI | −16.3% | 05-01-2026 | 23-03-2026 | 04-05-2026 | 42 days | −10.1% |
From daily values since 28-11-2025, the first day every fund has.
Bandhan Small Cap vs Helios Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Small Cap Fund, August 2026; Helios Small Cap Fund, September 2026
Holdings in common
- Overlap
- 6.5%
- Held by both
- 21
- Only in Bandhan Small Cap
- 234
- Only in Helios Small Cap
- 75
| Security | % of Bandhan Small Cap | % of Helios Small Cap |
|---|---|---|
| One 97 Communications Limited | 1.00% | 1.46% |
| PNB Housing Finance Limited | 1.36% | 0.97% |
| Apar Industries Limited | 0.63% | 1.20% |
| Piramal Pharma Limited | 0.62% | 1.46% |
| Lalithaa Jewellery Mart Ltd | 0.49% | 1.54% |
| Redington Limited | 0.39% | 1.64% |
| V2 Retail Limited | 0.38% | 0.72% |
| Mahindra Lifespace Developers Limited | 0.27% | 0.72% |
| Quess Corp Limited | 0.26% | 1.38% |
| ETHOS LTD. | 0.25% | 0.39% |
| KFin Technologies Limited | 0.23% | 0.34% |
| Computer Age Management Services Limited | 0.16% | 0.76% |
| Ideaforge Technology Limited | 0.14% | 0.73% |
| Syrma SGS Technology Limited | 0.13% | 1.51% |
| Edelweiss Financial Services Limited | 0.13% | 1.59% |
| Landmark Cars Limited | 0.13% | 1.17% |
| Pine Labs Limited | 0.11% | 1.32% |
| Voltamp Transformers Limited | 0.11% | 1.32% |
| Torrent Pharmaceuticals Limited | 0.04% | 1.04% |
| Craftsman Automation Limited | 0.03% | 1.36% |
| Safari Industries (India) Limited | 0.03% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 6.5% means 6.5% 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% |
| Sobha Limited | 2.40% |
| LT Foods Limited | 2.10% |
| State Bank of India | 1.88% |
| Cyient Limited | 1.66% |
Largest holdings only in Helios Small Cap Fund
| Security | % of fund |
|---|---|
| Shadowfax Technologies Ltd. | 2.22% |
| Multi Commodity Exchange of India Ltd. | 1.91% |
| Ather Energy Ltd. | 1.77% |
| CarTrade Tech Ltd. | 1.72% |
| Swiggy Ltd. | 1.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Small Cap | Helios Small Cap |
|---|---|---|
| Equity | 86.6% | 98.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 13.4% | 2.0% |
Market cap of stocks
| Market cap | Bandhan Small Cap | Helios Small Cap |
|---|---|---|
| Large Cap | 6.1% | 2.1% |
| Mid Cap | 10.7% | 17.6% |
| Small Cap | 68.7% | 70.7% |
| Not on AMFI's list | 1.1% | 7.6% |
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 | Helios Small Cap |
|---|---|---|
| Auto Components | 0.9% | 10.7% |
| Finance | 9.8% | 3.7% |
| Banks | 8.7% | 1.8% |
| Capital Markets | 1.8% | 7.7% |
| Pharmaceuticals & Biotechnology | 6.9% | 7.5% |
| Healthcare Services | 1.9% | 6.8% |
| Realty | 6.3% | 2.2% |
| Consumer Durables | 5.9% | 2.2% |
| Commercial Services & Supplies | 2.9% | 4.8% |
| Transport Services | 1.4% | 4.7% |
| Agricultural Food & other Products | 4.0% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Small Cap vs Helios Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Small Cap Fund | Helios Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | 0.89% |
| Base expense ratio (Direct) | 0.40% | 0.47% |
| Total expense ratio (Regular) | 1.73% | 2.40% |
| Base expense ratio (Regular) | 1.32% | 1.77% |
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
Compare Bandhan Small Cap with
Bandhan Small Cap Fund vs Helios Small Cap Fund: Frequently Asked Questions
What is the difference between Bandhan Small Cap Fund and Helios Small Cap Fund?
Both are Small Cap funds, run by Bandhan Mutual Fund and Helios Mutual Fund. Their portfolios overlap 6.5%. Bandhan Small Cap Fund charges 0.65% a year and Helios Small Cap Fund 0.89%.
Which has the lower expense ratio, Bandhan Small Cap Fund or Helios Small Cap Fund?
Bandhan Small Cap Fund charges less: 0.65% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Small Cap Fund and Helios Small Cap Fund overlap?
6.5%. They hold 21 of the same securities, the largest shared ones being PAYTM, PNBHOUSING, APARINDS. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Small Cap Fund or Helios Small Cap Fund?
On SEBI's riskometer, Bandhan Small Cap Fund is rated Very High and Helios Small Cap Fund Very High. Over their common history, the standard deviation of daily returns was 17.05% and 18.12% a year.
Can I invest in both Bandhan Small Cap Fund and Helios Small Cap Fund?
Yes. 6.5% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bandhan Small Cap Fund and Helios Small Cap Fund?
Bandhan Small Cap Fund: Manish Gunwani, Kirthi Jain, Ritika Behera, Gaurav Satra. Helios Small Cap Fund: Alok Bahl, Pratik Singh.
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.