Axis Nifty500 Value 50 ETF vs Bandhan Nifty 500 Value 50 Index Fund
Axis Nifty500 Value 50 ETF and Bandhan Nifty 500 Value 50 Index Fund are both Nifty 500 Value 50 Index Funds & ETFs. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility 16.85% vs 18.50%, maximum drawdown −14.21% vs −18.25%. Their portfolios overlap by 100% (50 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Fund house | Axis Mutual Fund | Bandhan Mutual Fund |
| Compared as | Nifty 500 Value 50 Index Funds & ETFs | Nifty 500 Value 50 Index Funds & ETFs |
| NAV | ₹31.3376 | ₹10.8071 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 20 Mar 2025 | 30 Oct 2024 |
| Track record | 1.6 yrs | 2.0 yrs |
| Fund size (AUM) | ₹30 Cr | ₹39 Cr |
| Securities held | 50 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| 1 month | +1.12% | +1.09% |
| 3 months | −6.64% | −6.73% |
| 6 months | −8.76% | −8.99% |
| 1 year | +1.84% | +1.51% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +11.04% | +3.97% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| 2026 (year to date) | −0.79% | −1.13% |
| 2025 | — | +16.27% |
Risk
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.85% | 18.50% |
| Downside volatility ⓘ | 11.43% | 12.94% |
| Sharpe ratio ⓘ | 0.27 | -0.14 |
| Sortino ratio ⓘ | 0.40 | -0.20 |
| Maximum drawdown ⓘ | −14.21% | −18.25% |
| Recovery from that fall | — | 7 months |
| Current fall from peak | −9.47% | −9.76% |
| Rolling 1-year return: worst | −2.41% | −2.73% |
| Rolling 1-year return: median | +16.14% | +16.17% |
| Rolling 1-year return: best | +30.43% | +41.42% |
| Share of 1-year periods with a loss | 3.85% | 3.14% |
Against each fund's benchmark
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Beta ⓘ | 0.94 | 1.07 |
| Alpha (Jensen's, annualised) ⓘ | +7.64% | +5.10% |
| R² ⓘ | 65.74 | 72.71 |
| Upside capture | 113.54% | 118.18% |
| Downside capture | 68.16% | 93.06% |
| Tracking error | 10.05% | 9.83% |
| Information ratio | 0.79 | 0.40 |
| Treynor ratio | 1.22 | -4.31 |
Portfolio
Asset mix
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Equity | 100.00% | 100.12% |
| Cash & equivalents | 0.03% | -0.12% |
Market-cap split (share of fund assets)
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Large Cap | 65.10% | 65.18% |
| Mid Cap | 20.18% | 20.20% |
| Small Cap | 14.72% | 14.74% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Top 10 holdings | 48.96% | 49.03% |
| Effective number of stocks ⓘ | 30.1 | 30 |
| Securities held | 50 | 50 |
Portfolio overlap: 100%
50 companies are held by both funds; by weight, 100% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index |
|---|---|---|
| Grasim Industries Limited | 5.27% | 5.28% |
| Hindalco Industries Limited | 5.19% | 5.20% |
| Coal India Limited | 5.18% | 5.19% |
| Oil & Natural Gas Corporation Limited | 5.07% | 5.07% |
| State Bank of India | 4.99% | 5.00% |
| Vedanta Limited | 4.94% | 4.94% |
| NTPC Limited | 4.87% | 4.88% |
| Power Grid Corporation of India Limited | 4.82% | 4.83% |
| Tata Motors Passenger Vehicles Limited | 4.37% | 4.37% |
| Bharat Petroleum Corporation Ltd. | 4.26% | 4.27% |
| Indian Oil Corporation Limited | 3.63% | 3.63% |
| Redington Limited | 3.24% | 3.25% |
| Power Finance Corporation Limited | 2.48% | 2.48% |
| Hindustan Petroleum Corporation Limited | 2.47% | 2.48% |
| Aster DM Quality Care Limited | 2.37% | 2.37% |
Top 10 holdings
Axis Nifty500 Value 50 ETF
- Grasim Industries Limited5.27%
- Hindalco Industries Limited5.19%
- Coal India Limited5.18%
- Oil & Natural Gas Corporation Limited5.07%
- State Bank of India4.99%
- Vedanta Limited4.94%
- NTPC Limited4.87%
- Power Grid Corporation of India Limited4.82%
- Tata Motors Passenger Vehicles Limited4.37%
- Bharat Petroleum Corporation Ltd.4.26%
Bandhan Nifty 500 Value 50 Index
- Grasim Industries Limited5.28%
- Hindalco Industries Limited5.20%
- Coal India Limited5.19%
- Oil & Natural Gas Corporation Limited5.07%
- State Bank of India5.00%
- Vedanta Limited4.94%
- NTPC Limited4.88%
- Power Grid Corporation of India Limited4.83%
- Tata Motors Passenger Vehicles Limited4.37%
- Bharat Petroleum Corporation Ltd.4.27%
Sector exposure
| Axis Nifty500 Value 50 ETF | Bandhan Nifty 500 Value 50 Index | |
|---|---|---|
| Banks | 18.70% | 18.71% |
| Power | 11.66% | 11.68% |
| Petroleum Products | 10.70% | 10.72% |
| Non - Ferrous Metals | 6.83% | 6.84% |
| Oil | 6.01% | 6.01% |
| Finance | 5.67% | 5.67% |
| Cement & Cement Products | 5.27% | 5.28% |
| Consumable Fuels | 5.18% | 5.19% |
| Diversified Metals | 4.94% | 4.94% |
| Automobiles | 4.37% | 4.37% |
| Gas | 3.56% | 3.57% |
| Commercial Services & Supplies | 3.24% | 3.25% |
| Healthcare Services | 2.37% | 2.37% |
| Fertilizers & Agrochemicals | 2.27% | 2.27% |
Questions people ask
What is the difference between Axis Nifty500 Value 50 ETF and Bandhan Nifty 500 Value 50 Index returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +1.84% vs +1.51%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis Nifty500 Value 50 ETF and Bandhan Nifty 500 Value 50 Index compare on risk?
Volatility (36 monthly returns, annualised) 16.85% vs 18.50%; Sharpe ratio 0.27 vs -0.14; Sortino ratio 0.40 vs -0.20; maximum drawdown −14.21% vs −18.25%; beta 0.94 vs 1.07.
How much do Axis Nifty500 Value 50 ETF and Bandhan Nifty 500 Value 50 Index overlap?
By weight, 100% of the two portfolios is invested in the same companies; 50 stocks are held by both, the largest shared positions being Grasim Industries Limited, Hindalco Industries Limited, Coal India Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Nifty500 Value 50 ETF and Bandhan Nifty 500 Value 50 Index?
Axis Nifty500 Value 50 ETF: large cap 65.1%, mid cap 20.2%, small cap 14.7%. Bandhan Nifty 500 Value 50 Index: large cap 65.2%, mid cap 20.2%, small cap 14.7% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Axis Nifty500 Value 50 ETF vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.