COMPARE
Bandhan Multi-Asset Passive FOF - Direct Plan - Growth vs HDFC Gold ETF Fund of Fund - Direct Plan
Bandhan Multi-Asset Passive FOF and HDFC Gold ETF Fund of Fund are both in the FoF Domestic category, from Bandhan AMC Limited and HDFC Asset Management Company Limited respectively. HDFC Gold ETF Fund of Fund has posted a higher 3-year rolling CAGR. Bandhan Multi-Asset Passive FOF has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Bandhan Multi-Asset Passive FOF has the lower direct-plan expense ratio, by 0.13 percentage points.
| Bandhan Multi-Asset Passive FOF - Direct Plan - Growth | HDFC Gold ETF Fund of Fund - Direct Plan | |
|---|---|---|
| Category | FoF Domestic | FoF Domestic |
| AMC | Bandhan AMC Limited | HDFC Asset Management Company Limited |
| Benchmark | 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver | Domestic Gold Price (GOLDBEES) |
| NAV | ₹42.5676 (2026-10-28) | ₹44.1363 (2026-10-28) |
| AUM | ₹19.322 Cr | ₹11,714.865 Cr |
| Expense Ratio (Direct) | 0.07% | 0.2% |
| Inception | 2010-01-04 | 2011-10-07 |
Returns
HDFC Gold ETF Fund of Fund leads on 3-year rolling CAGR (10.9% vs Bandhan Multi-Asset Passive FOF's 10.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
This is a fund of funds. Its risk profile belongs to the schemes it holds, not to a benchmark of its own.
Portfolio Analytics
Punji Fund Health Score
HDFC Gold ETF Fund of Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Bandhan Multi-Asset Passive FOF or HDFC Gold ETF Fund of Fund?
HDFC Gold ETF Fund of Fund's 3-year rolling CAGR of 10.9% is higher than Bandhan Multi-Asset Passive FOF's 10.2%. HDFC Gold ETF Fund of Fund sits in the 32nd percentile of its category on this metric, versus the 27th percentile for Bandhan Multi-Asset Passive FOF - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Bandhan Multi-Asset Passive FOF or HDFC Gold ETF Fund of Fund?
Bandhan Multi-Asset Passive FOF's direct-plan expense ratio is 0.13 percentage points lower than HDFC Gold ETF Fund of Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Bandhan Multi-Asset Passive FOF and HDFC Gold ETF Fund of Fund show risk metrics like Sharpe ratio or alpha?
This is a fund of funds. Its risk profile belongs to the schemes it holds, not to a benchmark of its own. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Bandhan Multi-Asset Passive FOF or HDFC Gold ETF Fund of Fund?
HDFC Gold ETF Fund of Fund has ₹11,715 Cr in assets under management, versus ₹19 Cr for Bandhan Multi-Asset Passive FOF. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Bandhan Multi-Asset Passive FOF or HDFC Gold ETF Fund of Fund?
Bandhan Multi-Asset Passive FOF launched on 2010-01-04, making it older than HDFC Gold ETF Fund of Fund (launched 2011-10-07). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.