Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF Nifty Bank BeES is a mutual fund and UTI Nifty Bank ETF is an ETF fund. In the 3 years to 30-10-2026, Nippon India ETF Nifty Bank BeES (Direct) returned 8.9% a year and UTI Nifty Bank ETF (Direct) returned 9.0% a year. Their portfolios overlap 100.0%: they hold 14 of the same securities.
Nippon India ETF Nifty Bank BeES
- 3 year return
- 8.9%
- Expense ratio
- 0.21%
- NAV
- ₹566.83
Which is better, Nippon India ETF Nifty Bank BeES or UTI Nifty Bank ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Nifty Bank ETF returned more over 5 years: 7.6% a year against 7.5%.
- UTI Nifty Bank ETF returned more over 3 years: 9.0% a year against 8.9%.
- Nippon India ETF Nifty Bank BeES swung less over 3 years: a standard deviation of 15.9% a year against 16.0%.
- UTI Nifty Bank ETF fell less in its worst fall since 03-09-2020: −20.6% against −20.6%.
- Nippon India ETF Nifty Bank BeES is the larger fund: ₹7,917 Cr against ₹2,877 Cr.
- Their portfolios overlap 100.0%: 14 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 | Nippon India ETF Nifty Bank BeES | UTI Nifty Bank ETF |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Category | Not available | ETF |
| AUM | ₹7,917 Cr (30-09-2026) | ₹2,877 Cr (30-09-2026) |
| NAV | ₹566.83 (Direct) | ₹56.63 (Direct) |
| Expense ratio (Direct) | 0.21% | 0.00% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Bank TRI |
| Launch date | Not available | 01-09-2020 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Not available | Not available |
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Bank BeES (Direct) | +0.08% | −4.20% | +0.21% | −5.39% | +8.90% | +7.55% | -- |
| UTI Nifty Bank ETF (Direct) | +0.08% | −4.19% | +0.23% | −5.36% | +8.99% | +7.64% | -- |
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF: Year-wise Returns
| Year | Nippon India ETF Nifty Bank BeESNippon India ETF Nifty Bank BeES | UTI Nifty Bank ETFUTI Nifty Bank ETF | Nifty Bank TRI |
|---|---|---|---|
| 2026to date | −7.81% | −7.79% | −7.61% |
| 2025 | +17.83% | +17.93% | +18.08% |
| 2024 | +6.01% | +6.11% | +6.26% |
| 2023 | +13.15% | +13.19% | +13.29% |
| 2022 | +21.83% | +22.02% | +22.14% |
| 2021 | +13.65% | +13.71% | +13.90% |
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 779 of them, one for each trading day from 04-09-2023 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.
Nippon India ETF Nifty Bank BeES (Direct)
UTI Nifty Bank ETF (Direct)
Nifty Bank TRI
to
Dec 2023Jun 2021
to
Jun 2024Dec 2021
to
Dec 2024Jul 2022
to
Jul 2025Jan 2023
to
Jan 2026Jul 2023
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Bank BeES | 0.0 | 0.0 | 21.1 | 55.8 | 16.9 | 3.2 | 3.0 | 13.2% | 12.6% | 7.1% | 29.3% | 0% |
| UTI Nifty Bank ETF | 0.0 | 0.0 | 20.3 | 56.4 | 16.7 | 3.7 | 3.0 | 13.3% | 12.8% | 7.1% | 29.4% | 1% |
| Nifty Bank TRI | 0.0 | 0.0 | 18.6 | 55.3 | 19.3 | 3.9 | 3.0 | 13.5% | 12.9% | 7.3% | 29.6% | -- |
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 Bank 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 03-09-2020. Past returns do not promise future returns.
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank 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 01-09-2020 to 30-10-2026: 74 instalments, ₹7,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ETF Nifty Bank BeESNippon India ETF Nifty Bank BeES (Direct) | ₹7,40,000 | ₹9,71,273 | ₹2,31,273 | 8.7% |
| UTI Nifty Bank ETFUTI Nifty Bank ETF (Direct) | ₹7,40,000 | ₹9,74,187 | ₹2,34,187 | 8.8% |
Nippon India ETF Nifty Bank BeESNippon India ETF Nifty Bank BeES (Direct)
UTI Nifty Bank ETFUTI Nifty Bank ETF (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.
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ETF Nifty Bank BeES (Direct) | UTI Nifty Bank ETF (Direct) |
|---|---|---|
| Return (CAGR) | −5.39% | −5.36% |
| Standard deviation | 17.02% | 17.02% |
| Sharpe ratio | -0.62 | -0.62 |
| Sortino ratio | -0.87 | -0.86 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.26% | −0.22% |
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 | Nippon India ETF Nifty Bank BeES (Direct) | UTI Nifty Bank ETF (Direct) |
|---|---|---|
| Return (CAGR) | +8.90% | +8.99% |
| Standard deviation | 15.95% | 15.95% |
| Sharpe ratio | 0.18 | 0.19 |
| Sortino ratio | 0.25 | 0.26 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.25% | −0.17% |
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 | Nippon India ETF Nifty Bank BeES (Direct) | UTI Nifty Bank ETF (Direct) |
|---|---|---|
| Return (CAGR) | +7.55% | +7.64% |
| Standard deviation | 16.69% | 16.69% |
| Sharpe ratio | 0.11 | 0.11 |
| Sortino ratio | 0.15 | 0.15 |
| Maximum drawdown | −18.4% (31-03-2026) | −18.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.23% | −0.14% |
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 | Nippon India ETF Nifty Bank BeES (Direct) | UTI Nifty Bank ETF (Direct) |
|---|---|---|
| Return (CAGR) | +11.24% | +15.34% |
| Standard deviation | 21.31% | 18.50% |
| Sharpe ratio | 0.27 | 0.54 |
| Sortino ratio | 0.38 | 0.78 |
| Maximum drawdown | −48.6% (23-03-2020) | −20.6% (16-06-2022) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.39% | −0.15% |
From daily NAVs, 07-11-2016 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.
Nippon India ETF Nifty Bank BeES (Direct)
UTI Nifty Bank ETF (Direct)
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Bank BeES (Direct) | −20.6% | 26-10-2021 | 16-06-2022 | 14-09-2022 | 3 months | −10.7% |
| UTI Nifty Bank ETF (Direct) | −20.6% | 26-10-2021 | 16-06-2022 | 14-09-2022 | 3 months | −10.7% |
| Nifty Bank TRI | −20.5% | 26-10-2021 | 16-06-2022 | 14-09-2022 | 3 months | −10.6% |
From daily values since 03-09-2020, 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.
Nippon India ETF Nifty Bank BeES (Direct)
UTI Nifty Bank ETF (Direct)
Nifty Bank 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.
Nippon India ETF Nifty Bank BeES (Direct)
UTI Nifty Bank ETF (Direct)
Nifty Bank 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.
Nippon India ETF Nifty Bank BeES (Direct)
UTI Nifty Bank ETF (Direct)
Nifty Bank TRI
Against Nifty Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF Nifty Bank BeES (Direct) | 100% | 100% | 0.04% |
| UTI Nifty Bank ETF (Direct) | 100% | 100% | 0.04% |
From month-end values since 03-09-2020. 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.
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF Nifty Bank BeES, September 2026; UTI Nifty Bank ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 14
- Only in Nippon India ETF Nifty Bank BeES
- 0
- Only in UTI Nifty Bank ETF
- 0
| Security | % of Nippon India ETF Nifty Bank BeES | % of UTI Nifty Bank ETF |
|---|---|---|
| HDFC Bank Limited | 18.61% | 18.61% |
| ICICI Bank Limited | 14.18% | 14.18% |
| Kotak Mahindra Bank Limited | 10.20% | 10.20% |
| Axis Bank Limited | 10.05% | 10.06% |
| State Bank of India | 9.92% | 9.93% |
| The Federal Bank Limited | 6.56% | 6.56% |
| IndusInd Bank Limited | 4.97% | 4.97% |
| AU Small Finance Bank Limited | 4.85% | 4.85% |
| IDFC First Bank Limited | 4.54% | 4.54% |
| Bank of Baroda | 3.59% | 3.59% |
| Canara Bank | 3.37% | 3.37% |
| Punjab National Bank | 3.27% | 3.27% |
| Yes Bank Limited | 3.01% | 3.01% |
| Union Bank of India | 2.86% | 2.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Nippon India ETF Nifty Bank BeES
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty Bank ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ETF Nifty Bank BeES | UTI Nifty Bank ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | Nippon India ETF Nifty Bank BeES | UTI Nifty Bank ETF |
|---|---|---|
| Large Cap | 76.0% | 76.1% |
| Mid Cap | 23.9% | 23.9% |
| Small Cap | 0.0% | 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 | Nippon India ETF Nifty Bank BeES | UTI Nifty Bank ETF |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF Nifty Bank BeES | UTI Nifty Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 0.00% |
| Base expense ratio (Direct) | 0.16% | 0.00% |
| Base expense ratio (Regular) | 0.00% | 0.15% |
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.
Nippon India ETF Nifty Bank BeES vs UTI Nifty Bank ETF: Frequently Asked Questions
What is the difference between Nippon India ETF Nifty Bank BeES and UTI Nifty Bank ETF?
Nippon India ETF Nifty Bank BeES is a mutual fund, UTI Nifty Bank ETF is an ETF fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 100.0%.
Which has given higher returns, Nippon India ETF Nifty Bank BeES or UTI Nifty Bank ETF?
Over 1 year: Nippon India ETF Nifty Bank BeES −5.39%, UTI Nifty Bank ETF −5.36%. Over 3 years: Nippon India ETF Nifty Bank BeES +8.90% a year, UTI Nifty Bank ETF +8.99% a year. Over 5 years: Nippon India ETF Nifty Bank BeES +7.55% a year, UTI Nifty Bank ETF +7.64% a year. As on 30-10-2026. Past returns do not promise future returns.
How much do Nippon India ETF Nifty Bank BeES and UTI Nifty Bank ETF overlap?
100.0%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India ETF Nifty Bank BeES or UTI Nifty Bank ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,31,747 in Nippon India ETF Nifty Bank BeES (XIRR 7.1% a year) and ₹7,33,285 in UTI Nifty Bank ETF (XIRR 7.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India ETF Nifty Bank BeES and UTI Nifty Bank ETF?
Yes. 100.0% 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.