Bank of India Large Cap Fund vs Nippon India ETF Nifty 100
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Large Cap Fund is a Large Cap fund and Nippon India ETF Nifty 100 is a mutual fund. In the 3 years to 30-10-2026, Bank of India Large Cap Fund (Direct) returned 11.8% a year and Nippon India ETF Nifty 100 (Direct) returned 8.5% a year. Bank of India Large Cap Fund charges 1.29% a year and Nippon India ETF Nifty 100 0.52% (Direct plans). Their portfolios overlap 49.5%: they hold 38 of the same securities.
Bank of India Large Cap Fund
Large Cap
- 3 year return
- 11.8%
- Expense ratio
- 1.29%
- NAV
- ₹17.01
Nippon India ETF Nifty 100
- 3 year return
- 8.5%
- Expense ratio
- 0.52%
- NAV
- ₹254.51
Which is better, Bank of India Large Cap or Nippon India ETF Nifty 100? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Large Cap returned more over 5 years: 8.6% a year against 6.7%.
- Bank of India Large Cap returned more over 3 years: 11.8% a year against 8.5%.
- Nippon India ETF Nifty 100 costs less: 0.52% a year against 1.29% (Direct plans).
- Nippon India ETF Nifty 100 swung less over 3 years: a standard deviation of 13.7% a year against 15.0%.
- Nippon India ETF Nifty 100 fell less in its worst fall since 01-07-2021: −17.4% against −22.6%.
- Nippon India ETF Nifty 100 holds more in large companies: 97.9% of the fund in large caps against 80.1%.
- Nippon India ETF Nifty 100 is the larger fund: ₹336 Cr against ₹226 Cr.
- Their portfolios overlap 49.5%: 38 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 | Bank of India Large Cap Fund | Nippon India ETF Nifty 100 |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Nippon India Mutual Fund |
| Category | Large Cap | Not available |
| AUM | ₹226 Cr (30-09-2026) | ₹336 Cr (30-09-2026) |
| NAV | ₹17.01 (Direct) | ₹254.51 (Direct) |
| Expense ratio (Direct) | 1.29% | 0.52% |
| Expense ratio (Regular) | 2.74% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 100 TRI | Not available |
| Launch date | 29-06-2021 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Alok Singh, amp, Nilesh Jethani | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Not available |
Bank of India Large Cap vs Nippon India ETF Nifty 100: 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Large Cap Fund (Direct) | −2.13% | −3.79% | −2.07% | −2.80% | +11.81% | +8.56% | -- |
| Nippon India ETF Nifty 100 (Direct) | +1.00% | −5.42% | −3.21% | −9.15% | +8.51% | +6.66% | +10.87% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
Category average: the average of the 35 Large Cap funds, same plan type.
Bank of India Large Cap vs Nippon India ETF Nifty 100: Year-wise Returns
| Year | Bank of India Large CapBank of India Large Cap | Nippon India ETF Nifty 100Nippon India ETF Nifty 100 | Nifty 100 TRI |
|---|---|---|---|
| 2026to date | −3.68% | −9.70% | −9.32% |
| 2025 | +7.62% | +9.67% | +10.24% |
| 2024 | +14.52% | +12.32% | +12.95% |
| 2023 | +31.11% | +20.63% | +21.24% |
| 2022 | −1.89% | +4.38% | +4.94% |
| 2021 | -- | +25.74% | +26.45% |
Bank of India Large Cap vs Nippon India ETF Nifty 100: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 576 of them, one for each trading day from 01-07-2024 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.
Bank of India Large Cap Fund (Direct)
Nippon India ETF Nifty 100 (Direct)
Nifty 100 TRI
to
Sept 2024Jan 2022
to
Jan 2025Jun 2022
to
Jun 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Large Cap | 0.0 | 0.0 | 0.0 | 32.5 | 63.0 | 4.5 | 0.0 | 15.8% | 15.9% | 10.0% | 21.9% | 99% |
| Nippon India ETF Nifty 100 | 0.0 | 0.0 | 12.1 | 67.1 | 20.8 | 0.0 | 0.0 | 13.0% | 13.0% | 6.5% | 18.9% | 0% |
| Nifty 100 TRI | 0.0 | 0.0 | 8.3 | 63.2 | 28.5 | 0.0 | 0.0 | 13.6% | 13.6% | 7.1% | 19.6% | -- |
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 Nifty 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 01-07-2021. Past returns do not promise future returns.
Bank of India Large Cap vs Nippon India ETF Nifty 100: 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 01-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Large CapBank of India Large Cap Fund (Direct) | ₹6,40,000 | ₹8,14,897 | ₹1,74,897 | 9.0% |
| Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (Direct) | ₹6,40,000 | ₹7,45,822 | ₹1,05,822 | 5.7% |
Bank of India Large CapBank of India Large Cap Fund (Direct)
Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (Direct)
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.
Bank of India Large Cap vs Nippon India ETF Nifty 100: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Large Cap Fund (Direct) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | −2.80% | −9.15% |
| Standard deviation | 14.23% | 14.03% |
| Sharpe ratio | -0.57 | -1.03 |
| Sortino ratio | -0.75 | -1.36 |
| Maximum drawdown | −13.0% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.98 | 1.00 |
| Alpha | +5.68% | −0.48% |
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 | Bank of India Large Cap Fund (Direct) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | +11.81% | +8.51% |
| Standard deviation | 15.01% | 13.68% |
| Sharpe ratio | 0.39 | 0.18 |
| Sortino ratio | 0.51 | 0.25 |
| Maximum drawdown | −20.8% (28-02-2025) | −17.4% (28-02-2025) |
| Beta | 1.05 | 1.00 |
| Alpha | +2.58% | −0.57% |
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 | Bank of India Large Cap Fund (Direct) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | +8.56% | +6.66% |
| Standard deviation | 14.67% | 13.98% |
| Sharpe ratio | 0.19 | 0.06 |
| Sortino ratio | 0.25 | 0.08 |
| Maximum drawdown | −21.1% (17-06-2022) | −17.4% (28-02-2025) |
| Beta | 1.01 | 1.00 |
| Alpha | +1.33% | −0.56% |
From daily NAVs, 29-10-2021 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 | Bank of India Large Cap Fund (Direct) | Nippon India ETF Nifty 100 (Direct) |
|---|---|---|
| Return (CAGR) | +10.50% | +11.89% |
| Standard deviation | 14.41% | 15.82% |
| Sharpe ratio | 0.34 | 0.37 |
| Sortino ratio | 0.45 | 0.51 |
| Maximum drawdown | −22.6% (17-06-2022) | −38.1% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | +1.31% | −0.83% |
From daily NAVs, 01-07-2021 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.
Bank of India Large Cap Fund (Direct)
Nippon India ETF Nifty 100 (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Large Cap Fund (Direct) | −22.6% | 18-10-2021 | 17-06-2022 | 06-07-2023 | 13 months | −6.5% |
| Nippon India ETF Nifty 100 (Direct) | −17.4% | 26-09-2024 | 28-02-2025 | Not yet | -- | −11.0% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 01-07-2021, 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.
Bank of India Large Cap Fund (Direct)
Nippon India ETF Nifty 100 (Direct)
Nifty 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.
Bank of India Large Cap Fund (Direct)
Nippon India ETF Nifty 100 (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Large Cap Fund (Direct)
Nippon India ETF Nifty 100 (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bank of India Large Cap Fund (Direct) | 103% | 98% | 4.76% |
| Nippon India ETF Nifty 100 (Direct) | 99% | 101% | 0.04% |
From month-end values since 01-07-2021. 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.
Bank of India Large Cap vs Nippon India ETF Nifty 100: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Large Cap Fund, September 2026; Nippon India ETF Nifty 100, September 2026
Holdings in common
- Overlap
- 49.5%
- Held by both
- 38
- Only in Bank of India Large Cap
- 20
- Only in Nippon India ETF Nifty 100
- 62
| Security | % of Bank of India Large Cap | % of Nippon India ETF Nifty 100 |
|---|---|---|
| HDFC Bank Limited | 7.19% | 8.41% |
| ICICI Bank Limited | 5.79% | 7.33% |
| Larsen & Toubro Limited | 3.46% | 3.41% |
| Reliance Industries Limited | 3.20% | 6.14% |
| State Bank of India | 4.60% | 3.07% |
| Axis Bank Limited | 1.99% | 2.73% |
| Bharti Airtel Limited | 1.71% | 4.13% |
| Titan Company Limited | 1.74% | 1.47% |
| Mahindra & Mahindra Limited | 1.47% | 2.04% |
| Hindustan Unilever Limited | 1.21% | 1.29% |
| Tata Steel Limited | 1.55% | 1.18% |
| ITC Limited | 1.16% | 1.96% |
| Adani Ports and Special Economic Zone Limited | 4.55% | 1.09% |
| Bharat Electronics Limited | 1.72% | 1.08% |
| Shriram Finance Limited | 2.82% | 1.07% |
| UltraTech Cement Limited | 1.94% | 1.00% |
| JSW Steel Limited | 1.48% | 0.93% |
| Bajaj Auto Limited | 1.71% | 0.92% |
| Power Grid Corporation of India Limited | 1.31% | 0.91% |
| Asian Paints Limited | 1.74% | 0.84% |
| Tech Mahindra Limited | 3.04% | 0.75% |
| Hindustan Aeronautics Limited | 1.71% | 0.69% |
| Tata Motors Ltd | 1.63% | 0.68% |
| BSE Limited | 0.68% | 0.98% |
| Adani Power Limited | 1.15% | 0.66% |
| Apollo Hospitals Enterprise Limited | 1.37% | 0.65% |
| SBI Life Insurance Company Limited | 0.91% | 0.59% |
| Samvardhana Motherson International Limited | 2.33% | 0.56% |
| Vedanta Aluminium Metal Limited | 2.45% | 0.54% |
| Avenue Supermarts Limited | 0.71% | 0.47% |
| Britannia Industries Limited | 1.31% | 0.44% |
| Solar Industries India Limited | 1.63% | 0.37% |
| HDFC Asset Management Company Limited | 1.28% | 0.36% |
| Vedanta Limited | 0.62% | 0.35% |
| Bank of Baroda | 2.28% | 0.33% |
| Canara Bank | 0.92% | 0.31% |
| Pidilite Industries Limited | 0.23% | 0.35% |
| Mazagon Dock Shipbuilders Limited | 0.93% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.5% means 49.5% 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 Bank of India Large Cap Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Asset Management Company Limited | 3.52% |
| Quality Power Electrical Eqp Ltd | 2.84% |
| CreditAccess Grameen Limited | 1.39% |
| Mankind Pharma Limited | 1.22% |
| Onemi Technology Solutions Limited | 1.21% |
Largest holdings only in Nippon India ETF Nifty 100
| Security | % of fund |
|---|---|
| Infosys Limited | 2.72% |
| Kotak Mahindra Bank Limited | 2.38% |
| Bajaj Finance Limited | 2.03% |
| Eternal Limited | 1.79% |
| Tata Consultancy Services Limited | 1.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Large Cap | Nippon India ETF Nifty 100 |
|---|---|---|
| Equity | 97.3% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.7% | 0.1% |
Market cap of stocks
| Market cap | Bank of India Large Cap | Nippon India ETF Nifty 100 |
|---|---|---|
| Large Cap | 80.1% | 97.9% |
| Mid Cap | 2.5% | 2.0% |
| Small Cap | 11.4% | 0.0% |
| Not on AMFI's list | 3.2% | 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 | Bank of India Large Cap | Nippon India ETF Nifty 100 |
|---|---|---|
| Banks | 22.8% | 25.1% |
| Capital Markets | 7.3% | 1.3% |
| Petroleum Products | 3.2% | 7.0% |
| IT - Software | 3.4% | 6.7% |
| Automobiles | 3.2% | 6.3% |
| Finance | 5.4% | 6.2% |
| Consumer Durables | 5.8% | 2.3% |
| Transport Infrastructure | 4.5% | 1.1% |
| Telecom - Services | 1.7% | 4.4% |
| Construction | 4.1% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Large Cap vs Nippon India ETF Nifty 100: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Large Cap Fund | Nippon India ETF Nifty 100 |
|---|---|---|
| Total expense ratio (Direct) | 1.29% | 0.52% |
| Base expense ratio (Direct) | 0.87% | 0.43% |
| Total expense ratio (Regular) | 2.74% | Not available |
| Base expense ratio (Regular) | 2.10% | 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
Bank of India Large Cap Fund vs Nippon India ETF Nifty 100: Frequently Asked Questions
What is the difference between Bank of India Large Cap Fund and Nippon India ETF Nifty 100?
Bank of India Large Cap Fund is a Large Cap fund, Nippon India ETF Nifty 100 is a mutual fund, run by Bank of India Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 49.5%. Bank of India Large Cap Fund charges 1.29% a year and Nippon India ETF Nifty 100 0.52%.
Which has given higher returns, Bank of India Large Cap Fund or Nippon India ETF Nifty 100?
Over 1 year: Bank of India Large Cap Fund −2.80%, Nippon India ETF Nifty 100 −9.15%. Over 3 years: Bank of India Large Cap Fund +11.81% a year, Nippon India ETF Nifty 100 +8.51% a year. Over 5 years: Bank of India Large Cap Fund +8.56% a year, Nippon India ETF Nifty 100 +6.66% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Large Cap Fund or Nippon India ETF Nifty 100?
Nippon India ETF Nifty 100 charges less: 0.52% a year against 1.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Large Cap Fund and Nippon India ETF Nifty 100 overlap?
49.5%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, LT. From each fund's latest monthly portfolio.
Which is better for SIP, Bank of India Large Cap Fund or Nippon India ETF Nifty 100?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,65,876 in Bank of India Large Cap Fund (XIRR 8.9% a year) and ₹7,00,774 in Nippon India ETF Nifty 100 (XIRR 5.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Large Cap Fund and Nippon India ETF Nifty 100?
Yes. 49.5% 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.