Bandhan Value Fund vs ICICI Prudential Nifty Top 15 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bandhan Value Fund is a Value and Contra fund and ICICI Prudential Nifty Top 15 Equal Weight ETF is an ETF fund. In the year to 30-10-2026, Bandhan Value Fund (Direct) returned −5.6% and ICICI Prudential Nifty Top 15 Equal Weight ETF returned −12.4%. Bandhan Value Fund charges 0.95% a year and ICICI Prudential Nifty Top 15 Equal Weight ETF 0.38%. Their portfolios overlap 45.3%: they hold 12 of the same securities.
Bandhan Value Fund
Value and Contra
- 1 year return
- −5.6%
- Expense ratio
- 0.95%
- NAV
- ₹162.25
ICICI Prudential Nifty Top 15 Equal Weight ETF
ETF
- 1 year return
- −12.4%
- Expense ratio
- 0.38%
- NAV
- ₹9.54
Which is better, Bandhan Value or ICICI Prudential Nifty Top 15 Equal Weight 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 Value returned more over 1 year: −5.6% against −12.4%.
- ICICI Prudential Nifty Top 15 Equal Weight ETF costs less: 0.38% a year against 0.95%.
- Bandhan Value fell less in its worst fall since 27-06-2025: −13.9% against −18.3%.
- ICICI Prudential Nifty Top 15 Equal Weight ETF holds more in large companies: 100.0% of the fund in large caps against 59.8%.
- Bandhan Value is the larger fund: ₹9,981 Cr against ₹14 Cr.
- Their portfolios overlap 45.3%: 12 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 Value Fund | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Value and Contra | ETF |
| AUM | ₹9,981 Cr (31-08-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹162.25 (Direct) | ₹9.54 |
| Expense ratio (Direct) | 0.95% | Not available |
| Expense ratio (Regular) | 1.99% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Nifty Top 15 Equal Weight TRI |
| Launch date | 07-03-2008 | 26-06-2025 |
| Minimum investment | ₹1,000 | On Stock Exchange(s): Investor can buy / sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Eligible Investors can buy/sell units of the Scheme in Creation Unit Size viz. 3,70,000 units and in multiple |
| Lock in | None | None |
| Fund managers | Daylynn Pinto | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Nil |
Bandhan Value vs ICICI Prudential Nifty Top 15 Equal Weight 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 Value Fund (Direct) | −0.23% | −4.28% | −1.82% | −5.59% | +10.34% | +11.62% | +14.55% |
| ICICI Prudential Nifty Top 15 Equal Weight ETF | +3.95% | −4.55% | −3.12% | −12.45% | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 30 Value and Contra funds, same plan type.
Bandhan Value vs ICICI Prudential Nifty Top 15 Equal Weight ETF: Year-wise Returns
| Year | Bandhan ValueBandhan Value | ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| 2026to date | −6.88% | −13.98% |
| 2025 | +6.16% | -- |
| 2024 | +19.30% | -- |
| 2023 | +34.05% | -- |
| 2022 | +4.30% | -- |
| 2021 | +66.24% | -- |
Bandhan Value vs ICICI Prudential Nifty Top 15 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan Value Fund
Rolling returns
Every 1-year holding period, 85 of them, one for each trading day from 29-06-2026 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 Value Fund (Direct)
ICICI Prudential Nifty Top 15 Equal Weight ETF
BSE 500 TRI
to
Jul 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
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 Value | 56.5 | 38.8 | 4.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0% | −0.2% | −6.6% | 5.9% | 58% |
| ICICI Prudential Nifty Top 15 Equal Weight ETF | 90.6 | 9.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.6% | −5.5% | −14.6% | 1.6% | 0% |
| BSE 500 TRI | 51.8 | 42.4 | 5.9 | 0.0 | 0.0 | 0.0 | 0.0 | −0.4% | −0.1% | −9.2% | 6.5% | -- |
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 500 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 27-06-2025. Past returns do not promise future returns.
Bandhan Value vs ICICI Prudential Nifty Top 15 Equal Weight 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 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan ValueBandhan Value Fund (Direct) | ₹1,70,000 | ₹1,65,530 | −₹4,470 | −3.5% |
| ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight ETF | ₹1,70,000 | ₹1,59,710 | −₹10,290 | −8.2% |
Bandhan ValueBandhan Value Fund (Direct)
ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight 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 Value vs ICICI Prudential Nifty Top 15 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Value Fund (Direct) | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | −5.59% | −12.45% |
| Standard deviation | 12.62% | 14.69% |
| Sharpe ratio | -0.86 | -1.20 |
| Sortino ratio | -1.16 | -1.61 |
| Maximum drawdown | −13.9% (31-03-2026) | −18.3% (08-10-2026) |
| Beta | 0.86 | 1.00 |
| Alpha | +0.29% | −0.32% |
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 Value Fund (Direct) | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | +15.54% | −6.83% |
| Standard deviation | 15.87% | 13.42% |
| Sharpe ratio | 0.60 | -0.91 |
| Sortino ratio | 0.80 | -1.22 |
| Maximum drawdown | −51.9% (24-03-2020) | −18.3% (08-10-2026) |
| Beta | 0.91 | 1.00 |
| Alpha | +3.30% | −0.33% |
From daily NAVs, 02-01-2013 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 Value Fund (Direct)
ICICI Prudential Nifty Top 15 Equal Weight ETF
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Value Fund (Direct) | −13.9% | 02-01-2026 | 31-03-2026 | Not yet | -- | −7.5% |
| ICICI Prudential Nifty Top 15 Equal Weight ETF | −18.3% | 05-12-2025 | 08-10-2026 | Not yet | -- | −14.3% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 27-06-2025, 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 Value Fund (Direct)
ICICI Prudential Nifty Top 15 Equal Weight ETF
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Value Fund (Direct) | 93% | 86% | 2.14% |
| ICICI Prudential Nifty Top 15 Equal Weight ETF | 97% | 105% | 6.78% |
From month-end values since 27-06-2025. 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 Value vs ICICI Prudential Nifty Top 15 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Value Fund, August 2026; ICICI Prudential Nifty Top 15 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 45.3%
- Held by both
- 12
- Only in Bandhan Value
- 50
- Only in ICICI Prudential Nifty Top 15 Equal Weight ETF
- 3
| Security | % of Bandhan Value | % of ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| HDFC Bank Limited | 7.81% | 6.53% |
| Reliance Industries Limited | 6.40% | 6.57% |
| Kotak Mahindra Bank Limited | 6.30% | 7.00% |
| ICICI Bank Limited | 4.37% | 6.76% |
| Tata Consultancy Services Limited | 4.09% | 6.68% |
| Infosys Limited | 3.52% | 6.74% |
| Axis Bank Limited | 3.52% | 6.80% |
| Maruti Suzuki India Limited | 2.46% | 6.72% |
| Larsen & Toubro Limited | 2.23% | 6.58% |
| Bharti Airtel Limited | 2.18% | 6.67% |
| ITC Limited | 2.18% | 6.63% |
| Hindustan Unilever Limited | 1.48% | 6.56% |
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 Value Fund
| Security | % of fund |
|---|---|
| Oil & Natural Gas Corporation Limited | 2.09% |
| Mahindra & Mahindra Financial Services Limited | 2.06% |
| HDFC Life Insurance Company Limited | 2.06% |
| Jindal Steel Limited | 1.91% |
| IDFC First Bank Limited | 1.89% |
Largest holdings only in ICICI Prudential Nifty Top 15 Equal Weight ETF
| Security | % of fund |
|---|---|
| State Bank Of India | 6.62% |
| Mahindra & Mahindra Ltd. | 6.59% |
| Bajaj Finance Ltd. | 6.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Value | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Equity | 93.4% | 100.0% |
| Debt | 0.5% | 0.0% |
| Cash and others | 6.1% | 0.0% |
Market cap of stocks
| Market cap | Bandhan Value | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Large Cap | 59.8% | 100.0% |
| Mid Cap | 17.9% | 0.0% |
| Small Cap | 15.7% | 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 Value | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Banks | 23.9% | 33.7% |
| It - Software | 0.0% | 13.4% |
| Automobiles | 3.7% | 13.3% |
| Diversified Fmcg | 0.0% | 13.2% |
| IT - Software | 7.6% | 0.0% |
| Telecom - Services | 2.2% | 6.7% |
| Construction | 3.4% | 6.6% |
| Petroleum Products | 6.4% | 6.6% |
| Finance | 6.3% | 6.5% |
| Insurance | 5.2% | 0.0% |
| Pharmaceuticals & Biotechnology | 4.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Value vs ICICI Prudential Nifty Top 15 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Value Fund | ICICI Prudential Nifty Top 15 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.95% | Not available |
| Base expense ratio (Direct) | 0.62% | 0.00% |
| Total expense ratio (Regular) | 1.99% | Not available |
| Base expense ratio (Regular) | 1.51% | 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.
More comparisons
Each fund against the others of its category
Bandhan Value Fund vs ICICI Prudential Nifty Top 15 Equal Weight ETF: Frequently Asked Questions
What is the difference between Bandhan Value Fund and ICICI Prudential Nifty Top 15 Equal Weight ETF?
Bandhan Value Fund is a Value and Contra fund, ICICI Prudential Nifty Top 15 Equal Weight ETF is an ETF fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 45.3%. Bandhan Value Fund charges 0.95% a year and ICICI Prudential Nifty Top 15 Equal Weight ETF 0.38%.
Which has given higher returns, Bandhan Value Fund or ICICI Prudential Nifty Top 15 Equal Weight ETF?
Over 1 year: Bandhan Value Fund −5.59%, ICICI Prudential Nifty Top 15 Equal Weight ETF −12.45%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Value Fund or ICICI Prudential Nifty Top 15 Equal Weight ETF?
ICICI Prudential Nifty Top 15 Equal Weight ETF charges less: 0.38% a year against 0.95%. These are the total expense ratios reported to AMFI.
How much do Bandhan Value Fund and ICICI Prudential Nifty Top 15 Equal Weight ETF overlap?
45.3%. They hold 12 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Bandhan Value Fund and ICICI Prudential Nifty Top 15 Equal Weight 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.
Who manages Bandhan Value Fund and ICICI Prudential Nifty Top 15 Equal Weight ETF?
Bandhan Value Fund: Daylynn Pinto. ICICI Prudential Nifty Top 15 Equal Weight ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja.
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.