Nippon India ETF Nifty Bank BeES vs Nippon India Nifty Bank Index Fund
Nippon India ETF Nifty Bank BeES and Nippon India Nifty Bank Index Fund are both Nifty Bank Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.65% vs —, 5-year CAGR +8.57% vs —, volatility 16.92% vs 16.67%, maximum drawdown −48.57% vs −18.34%. Their portfolios overlap by 100% (14 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
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Compared as | Nifty Bank Index Funds & ETFs | Nifty Bank Index Funds & ETFs |
| NAV | ₹598.8069 | ₹12.4759 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 7 Nov 2016 | 26 Feb 2024 |
| Track record | 10.0 yrs | 2.7 yrs |
| Fund size (AUM) | ₹7,917 Cr | ₹219 Cr |
| Securities held | 14 | 14 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| 1 month | +4.78% | +4.74% |
| 3 months | −0.51% | −0.56% |
| 6 months | +3.63% | +3.56% |
| 1 year | +0.30% | +0.20% |
| 3 years (CAGR) | +10.65% | — |
| 5 years (CAGR) | +8.57% | — |
| 7 years (CAGR) | +9.96% | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +11.85% | +8.88% |
| SIP return (XIRR, 5 years) ⓘ | +9.17% | — |
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
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| 2026 (year to date) | −2.61% | −2.70% |
| 2025 | +17.83% | +17.69% |
| 2024 | +6.01% | — |
| 2023 | +13.15% | — |
| 2022 | +21.83% | — |
| 2021 | +13.65% | — |
Risk
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.92% | 16.67% |
| Downside volatility ⓘ | 12.25% | 12.38% |
| Sharpe ratio ⓘ | 0.25 | 0.14 |
| Sortino ratio ⓘ | 0.34 | 0.19 |
| Maximum drawdown ⓘ | −48.57% | −18.34% |
| Recovery from that fall | 10 months | — |
| Current fall from peak | −5.69% | −5.77% |
| Rolling 1-year return: worst | −45.40% | −6.85% |
| Rolling 1-year return: median | +12.66% | +8.58% |
| Rolling 1-year return: best | +101.80% | +26.44% |
| Share of 1-year periods with a loss | 14.99% | 12.20% |
Against each fund's benchmark
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Beta ⓘ | 0.97 | 1.00 |
| Alpha (Jensen's, annualised) ⓘ | +0.98% | +4.55% |
| R² ⓘ | 73.55 | 75.91 |
| Upside capture | 95.91% | 111.97% |
| Downside capture | 87.33% | 87.47% |
| Tracking error | 8.64% | 8.18% |
| Information ratio | 0.07 | 0.53 |
| Treynor ratio | 2.65 | 0.64 |
Portfolio
Asset mix
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Equity | 99.98% | 99.97% |
| Cash & equivalents | 0.02% | 0.03% |
Market-cap split (share of fund assets)
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Large Cap | 76.05% | 76.04% |
| Mid Cap | 23.93% | 23.93% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Top 10 holdings | 87.47% | 87.47% |
| Effective number of stocks ⓘ | 9.9 | 9.9 |
| Securities held | 14 | 14 |
Portfolio overlap: 100%
14 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 | Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index |
|---|---|---|
| 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% | 10.05% |
| State Bank of India | 9.92% | 9.92% |
| 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% | 3.36% |
| Punjab National Bank | 3.27% | 3.27% |
| Yes Bank Limited | 3.01% | 3.01% |
| Union Bank of India | 2.86% | 2.86% |
Top 10 holdings
Nippon India ETF Nifty Bank BeES
- HDFC Bank Limited18.61%
- ICICI Bank Limited14.18%
- Kotak Mahindra Bank Limited10.20%
- Axis Bank Limited10.05%
- State Bank of India9.92%
- The Federal Bank Limited6.56%
- IndusInd Bank Limited4.97%
- AU Small Finance Bank Limited4.85%
- IDFC First Bank Limited4.54%
- Bank of Baroda3.59%
Nippon India Nifty Bank Index
- HDFC Bank Limited18.61%
- ICICI Bank Limited14.18%
- Kotak Mahindra Bank Limited10.20%
- Axis Bank Limited10.05%
- State Bank of India9.92%
- The Federal Bank Limited6.56%
- IndusInd Bank Limited4.97%
- AU Small Finance Bank Limited4.85%
- IDFC First Bank Limited4.54%
- Bank of Baroda3.59%
Sector exposure
| Nippon India ETF Nifty Bank BeES | Nippon India Nifty Bank Index | |
|---|---|---|
| Banks | 99.98% | 99.97% |
Questions people ask
What is the difference between Nippon India ETF Nifty Bank BeES and Nippon India Nifty Bank Index returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +0.30% vs +0.20%; 3-year CAGR +10.65% vs —; 5-year CAGR +8.57% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Nippon India ETF Nifty Bank BeES and Nippon India Nifty Bank Index compare on risk?
Volatility (36 monthly returns, annualised) 16.92% vs 16.67%; Sharpe ratio 0.25 vs 0.14; Sortino ratio 0.34 vs 0.19; maximum drawdown −48.57% vs −18.34%; beta 0.97 vs 1.00.
How much do Nippon India ETF Nifty Bank BeES and Nippon India Nifty Bank Index overlap?
By weight, 100% of the two portfolios is invested in the same companies; 14 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Nippon India ETF Nifty Bank BeES and Nippon India Nifty Bank Index?
Nippon India ETF Nifty Bank BeES: large cap 76.1%, mid cap 23.9%, small cap 0.0%. Nippon India Nifty Bank Index: large cap 76.0%, mid cap 23.9%, 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.
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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 5 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.