Bandhan Nifty Alpha Low Volatility 30 Index Fund vs ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
Bandhan Nifty Alpha Low Volatility 30 Index Fund and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF are both Nifty Alpha Low Volatility 30 Index Funds & ETFs. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +9.81%, 5-year CAGR — vs +9.20%, volatility 17.02% vs 16.62%, maximum drawdown −13.44% vs −24.96%. Their portfolios overlap by 100% (30 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
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Compared as | Nifty Alpha Low Volatility 30 Index Funds & ETFs | Nifty Alpha Low Volatility 30 Index Funds & ETFs |
| NAV | ₹10.1470 | ₹27.4033 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 24 Jan 2025 | 13 Aug 2020 |
| Track record | 1.8 yrs | 6.2 yrs |
| Fund size (AUM) | ₹9 Cr | ₹1,470 Cr |
| Securities held | 30 | 30 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| 1 month | +6.22% | +6.21% |
| 3 months | −4.30% | −4.31% |
| 6 months | +0.92% | +0.90% |
| 1 year | −0.50% | −0.48% |
| 3 years (CAGR) | — | +9.81% |
| 5 years (CAGR) | — | +9.20% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +1.41% | +14.40% |
| SIP return (XIRR, 5 years) ⓘ | — | +8.21% |
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
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| 2026 (year to date) | −1.90% | −1.87% |
| 2025 | — | −0.25% |
| 2024 | — | +16.29% |
| 2023 | — | +38.20% |
| 2022 | — | −3.59% |
| 2021 | — | +30.22% |
Risk
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.02% | 16.62% |
| Downside volatility ⓘ | 13.67% | 12.41% |
| Sharpe ratio ⓘ | -0.30 | 0.20 |
| Sortino ratio ⓘ | -0.37 | 0.27 |
| Maximum drawdown ⓘ | −13.44% | −24.96% |
| Recovery from that fall | 4 months | — |
| Current fall from peak | −4.79% | −15.45% |
| Rolling 1-year return: worst | −10.14% | −17.24% |
| Rolling 1-year return: median | −0.17% | +6.34% |
| Rolling 1-year return: best | +15.19% | +59.97% |
| Share of 1-year periods with a loss | 51.53% | 32.64% |
Against each fund's benchmark
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Beta ⓘ | 1.02 | 1.09 |
| Alpha (Jensen's, annualised) ⓘ | −1.76% | +0.24% |
| R² ⓘ | 91.64 | 89.07 |
| Upside capture | 99.36% | 111.78% |
| Downside capture | 108.87% | 115.80% |
| Tracking error | 4.87% | 5.82% |
| Information ratio | -0.41 | 0.02 |
| Treynor ratio | -8.53 | 1.92 |
Portfolio
Asset mix
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Equity | 100.07% | 100.01% |
| Cash & equivalents | -0.07% | 0.01% |
Market-cap split (share of fund assets)
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Large Cap | 84.31% | 84.26% |
| Mid Cap | 15.76% | 15.74% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Top 10 holdings | 39.32% | 39.31% |
| Effective number of stocks ⓘ | 29.2 | 29.2 |
| Securities held | 30 | 30 |
Portfolio overlap: 100%
30 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 | Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF |
|---|---|---|
| Torrent Pharmaceuticals Limited | 4.73% | 4.73% |
| NTPC Limited | 4.11% | 4.11% |
| Bajaj Auto Limited | 4.02% | 4.01% |
| Marico Limited | 3.99% | 3.99% |
| Apollo Hospitals Enterprise Limited | 3.93% | 3.93% |
| Hindalco Industries Limited | 3.81% | 3.81% |
| ICICI Bank Limited | 3.78% | 3.78% |
| Nestle India Limited | 3.72% | 3.72% |
| JSW Steel Limited | 3.62% | 3.62% |
| Grasim Industries Limited | 3.61% | 3.61% |
| Sun Pharmaceutical Industries Limited | 3.61% | 3.61% |
| The Federal Bank Limited | 3.55% | 3.54% |
| SBI Life Insurance Company Limited | 3.54% | 3.54% |
| Cummins India Limited | 3.50% | 3.49% |
| Bharti Airtel Limited | 3.33% | 3.33% |
Top 10 holdings
Bandhan Nifty Alpha Low Volatility 30 Index
- Torrent Pharmaceuticals Limited4.73%
- NTPC Limited4.11%
- Bajaj Auto Limited4.02%
- Marico Limited3.99%
- Apollo Hospitals Enterprise Limited3.93%
- Hindalco Industries Limited3.81%
- ICICI Bank Limited3.78%
- Nestle India Limited3.72%
- JSW Steel Limited3.62%
- Sun Pharmaceutical Industries Limited3.61%
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
- Torrent Pharmaceuticals Limited4.73%
- NTPC Limited4.11%
- Bajaj Auto Limited4.01%
- Marico Limited3.99%
- Apollo Hospitals Enterprise Limited3.93%
- Hindalco Industries Limited3.81%
- ICICI Bank Limited3.78%
- Nestle India Limited3.72%
- JSW Steel Limited3.62%
- Grasim Industries Limited3.61%
Sector exposure
| Bandhan Nifty Alpha Low Volatility 30 Index | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 14.37% | 14.37% |
| Automobiles | 12.79% | 12.78% |
| Banks | 10.48% | 10.47% |
| Food Products | 6.63% | 6.63% |
| Agricultural Food & other Products | 6.48% | 6.47% |
| Cement & Cement Products | 6.37% | 6.37% |
| Consumer Durables | 5.98% | 5.98% |
| Insurance | 5.73% | 5.72% |
| Power | 4.11% | 4.11% |
| Healthcare Services | 3.93% | 3.93% |
| Non - Ferrous Metals | 3.81% | 3.81% |
| Ferrous Metals | 3.62% | 3.62% |
| Industrial Products | 3.50% | 3.49% |
| Telecom - Services | 3.33% | 3.33% |
Questions people ask
What is the difference between Bandhan Nifty Alpha Low Volatility 30 Index and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return −0.50% vs −0.48%; 3-year CAGR — vs +9.81%; 5-year CAGR — vs +9.20%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Bandhan Nifty Alpha Low Volatility 30 Index and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF compare on risk?
Volatility (36 monthly returns, annualised) 17.02% vs 16.62%; Sharpe ratio -0.30 vs 0.20; Sortino ratio -0.37 vs 0.27; maximum drawdown −13.44% vs −24.96%; beta 1.02 vs 1.09.
How much do Bandhan Nifty Alpha Low Volatility 30 Index and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF overlap?
By weight, 100% of the two portfolios is invested in the same companies; 30 stocks are held by both, the largest shared positions being Torrent Pharmaceuticals Limited, NTPC Limited, Bajaj Auto Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Bandhan Nifty Alpha Low Volatility 30 Index and ICICI Prudential Nifty Alpha Low- Volatility 30 ETF?
Bandhan Nifty Alpha Low Volatility 30 Index: large cap 84.3%, mid cap 15.8%, small cap 0.0%. ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: large cap 84.3%, mid cap 15.7%, small cap 0.0% (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
Bandhan Nifty Alpha Low Volatility 30 Index vs
- Bandhan Nifty Alpha Low Volatility 30 Index vs Nippon India Nifty Alpha Low Volatility 30 Index
- Bandhan Nifty Alpha Low Volatility 30 Index vs Kotak Nifty Alpha Low Volatility 30 Index
- Bandhan Nifty Alpha Low Volatility 30 Index vs Edelweiss Nifty Alpha Low Volatility 30 Index
- Bandhan Nifty Alpha Low Volatility 30 Index vs UTI Nifty Alpha Low-Volatility 30 Index
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs Edelweiss Nifty Alpha Low Volatility 30 Index
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs Nippon India Nifty Alpha Low Volatility 30 Index
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs Kotak Nifty Alpha Low Volatility 30 Index
All Nifty Alpha Low Volatility 30 Index Funds & ETFs comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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 6 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.