Axis Nifty 500 Index Fund vs ICICI Prudential BSE 500 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty 500 Index Fund is an Index fund and ICICI Prudential BSE 500 ETF is an ETF fund. In the year to 30-10-2026, Axis Nifty 500 Index Fund (Direct) returned −7.6% and ICICI Prudential BSE 500 ETF returned −7.9%. Axis Nifty 500 Index Fund charges 0.17% a year and ICICI Prudential BSE 500 ETF 0.33%. Their portfolios overlap 96.7%: they hold 459 of the same securities.
Axis Nifty 500 Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.17%
- NAV
- ₹9.63
ICICI Prudential BSE 500 ETF
ETF
- 1 year return
- −7.9%
- Expense ratio
- 0.33%
- NAV
- ₹37.06
Which is better, Axis Nifty 500 Index or ICICI Prudential BSE 500 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Nifty 500 Index returned more over 1 year: −7.6% against −7.9%.
- Axis Nifty 500 Index costs less: 0.17% a year against 0.33%.
- Axis Nifty 500 Index fell less in its worst fall since 16-07-2024: −18.6% against −18.8%.
- ICICI Prudential BSE 500 ETF is the larger fund: ₹347 Cr against ₹314 Cr.
- Their portfolios overlap 96.7%: 459 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 | Axis Nifty 500 Index Fund | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹314 Cr (30-09-2026) | ₹347 Cr (30-09-2026) |
| NAV | ₹9.63 (Direct) | ₹37.06 |
| Expense ratio (Direct) | 0.17% | Not available |
| Expense ratio (Regular) | 1.11% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 12-07-2024 | 09-05-2018 |
| Minimum investment | ₹100 | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Nishit Patel, Ajaykumar Solanki, Ashwini Shinde |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. Currently, the Scheme is proposed to be listed on BSE and NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors. |
Axis Nifty 500 Index vs ICICI Prudential BSE 500 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 |
|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −0.76% | −6.09% | −2.91% | −7.64% | -- | -- | -- |
| ICICI Prudential BSE 500 ETF | −0.90% | −6.15% | −3.10% | −7.94% | +9.53% | +8.30% | -- |
Axis Nifty 500 Index vs ICICI Prudential BSE 500 ETF: Year-wise Returns
| Year | Axis Nifty 500 IndexAxis Nifty 500 Index | ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF |
|---|---|---|
| 2026to date | −7.79% | −8.04% |
| 2025 | +7.73% | +7.27% |
| 2024 | -- | +15.40% |
| 2023 | -- | +26.14% |
| 2022 | -- | +4.44% |
| 2021 | -- | +31.29% |
Axis Nifty 500 Index vs ICICI Prudential BSE 500 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Nifty 500 Index Fund
Rolling returns
Every 1-year holding period, 322 of them, one for each trading day from 16-07-2025 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.
Axis Nifty 500 Index Fund (Direct)
ICICI Prudential BSE 500 ETF
Nifty 500 TRI
to
Aug 2025Nov 2024
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index | 35.4 | 30.4 | 24.8 | 7.5 | 1.9 | 0.0 | 0.0 | 2.8% | 2.0% | −9.3% | 17.5% | 0% |
| ICICI Prudential BSE 500 ETF | 39.0 | 30.5 | 23.6 | 5.7 | 1.3 | 0.0 | 0.0 | 2.3% | 1.5% | −9.5% | 15.3% | 0% |
| Nifty 500 TRI | 32.6 | 31.7 | 26.4 | 7.1 | 2.2 | 0.0 | 0.0 | 2.9% | 2.1% | −9.0% | 17.6% | -- |
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 500 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 16-07-2024. Past returns do not promise future returns.
Axis Nifty 500 Index vs ICICI Prudential BSE 500 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 16-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct) | ₹2,80,000 | ₹2,72,316 | −₹7,684 | −2.3% |
| ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF | ₹2,80,000 | ₹2,71,340 | −₹8,660 | −2.6% |
Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct)
ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF
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.
Axis Nifty 500 Index vs ICICI Prudential BSE 500 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty 500 Index Fund (Direct) | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Return (CAGR) | −7.64% | −7.94% |
| Standard deviation | 14.37% | 14.35% |
| Sharpe ratio | -0.90 | -0.92 |
| Sortino ratio | -1.19 | -1.21 |
| Maximum drawdown | −14.9% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.28% |
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 | Axis Nifty 500 Index Fund (Direct) | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Return (CAGR) | −1.76% | +11.33% |
| Standard deviation | 14.00% | 16.66% |
| Sharpe ratio | -0.54 | 0.36 |
| Sortino ratio | -0.72 | 0.48 |
| Maximum drawdown | −18.6% (28-02-2025) | −38.0% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.20% | −0.29% |
From daily NAVs, 16-07-2024 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.
Axis Nifty 500 Index Fund (Direct)
ICICI Prudential BSE 500 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.2% |
| ICICI Prudential BSE 500 ETF | −18.8% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.0% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 16-07-2024, 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.
Axis Nifty 500 Index Fund (Direct)
ICICI Prudential BSE 500 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | 99% | 100% | 0.12% |
| ICICI Prudential BSE 500 ETF | 97% | 101% | 0.34% |
From month-end values since 16-07-2024. 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.
Axis Nifty 500 Index vs ICICI Prudential BSE 500 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 500 Index Fund, September 2026; ICICI Prudential BSE 500 ETF, September 2026
Holdings in common
- Overlap
- 96.7%
- Held by both
- 459
- Only in Axis Nifty 500 Index
- 41
- Only in ICICI Prudential BSE 500 ETF
- 42
| Security | % of Axis Nifty 500 Index | % of ICICI Prudential BSE 500 ETF |
|---|---|---|
| HDFC Bank Limited | 5.67% | 5.73% |
| ICICI Bank Limited | 4.94% | 5.02% |
| Reliance Industries Limited | 4.14% | 4.17% |
| Bharti Airtel Limited | 2.79% | 2.90% |
| Larsen & Toubro Limited | 2.30% | 2.32% |
| State Bank of India | 2.07% | 2.11% |
| Axis Bank Limited | 1.84% | 1.86% |
| Infosys Limited | 1.83% | 1.86% |
| Kotak Mahindra Bank Limited | 1.60% | 1.63% |
| Mahindra & Mahindra Limited | 1.37% | 1.40% |
| Bajaj Finance Limited | 1.37% | 1.36% |
| ITC Limited | 1.32% | 1.35% |
| Eternal Limited | 1.21% | 1.22% |
| Tata Consultancy Services Limited | 1.09% | 1.10% |
| Sun Pharmaceutical Industries Limited | 1.00% | 1.04% |
| Titan Company Limited | 0.99% | 0.99% |
| Hindustan Unilever Limited | 0.87% | 0.89% |
| Maruti Suzuki India Limited | 0.81% | 0.82% |
| Tata Steel Limited | 0.80% | 0.81% |
| NTPC Limited | 0.80% | 0.81% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.74% |
| Bharat Electronics Limited | 0.73% | 0.74% |
| Shriram Finance Limited | 0.72% | 0.72% |
| Hindalco Industries Limited | 0.71% | 0.72% |
| UltraTech Cement Limited | 0.68% | 0.68% |
| HCL Technologies Limited | 0.68% | 0.69% |
| JSW Steel Limited | 0.63% | 0.63% |
| Divi's Laboratories Limited | 0.62% | 0.63% |
| Power Grid Corporation of India Limited | 0.62% | 0.63% |
| Bajaj Auto Limited | 0.62% | 0.61% |
| Grasim Industries Limited | 0.60% | 0.61% |
| InterGlobe Aviation Limited | 0.59% | 0.59% |
| Asian Paints Limited | 0.57% | 0.58% |
| Coal India Limited | 0.53% | 0.54% |
| Bajaj Finserv Limited | 0.52% | 0.51% |
| Eicher Motors Limited | 0.51% | 0.52% |
| Adani Enterprises Limited | 0.51% | 0.52% |
| TVS Motor Company Limited | 0.50% | 0.51% |
| Tech Mahindra Limited | 0.50% | 0.52% |
| Nestle India Limited | 0.49% | 0.50% |
| Hindustan Aeronautics Limited | 0.46% | 0.46% |
| Tata Motors Ltd | 0.46% | 0.47% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.46% |
| Trent Limited | 0.45% | 0.46% |
| Multi Commodity Exchange of India Limited | 0.44% | 0.45% |
| Adani Power Limited | 0.44% | 0.46% |
| Apollo Hospitals Enterprise Limited | 0.44% | 0.44% |
| The Federal Bank Limited | 0.41% | 0.42% |
| Cipla Limited | 0.40% | 0.40% |
| SBI Life Insurance Company Limited | 0.40% | 0.40% |
| Laurus Labs Limited | 0.40% | 0.41% |
| Dr. Reddy's Laboratories Limited | 0.39% | 0.40% |
| Samvardhana Motherson International Limited | 0.38% | 0.38% |
| One 97 Communications Limited | 0.38% | 0.38% |
| Cholamandalam Investment and Finance Company Ltd | 0.37% | 0.37% |
| Jio Financial Services Limited | 0.37% | 0.38% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.37% |
| Max Healthcare Institute Limited | 0.36% | 0.36% |
| Hero MotoCorp Limited | 0.35% | 0.36% |
| Cummins India Limited | 0.34% | 0.34% |
| The Indian Hotels Company Limited | 0.33% | 0.34% |
| Tata Consumer Products Limited | 0.32% | 0.32% |
| Avenue Supermarts Limited | 0.32% | 0.33% |
| Bharat Heavy Electricals Limited | 0.32% | 0.32% |
| Coforge Limited | 0.32% | 0.32% |
| Bharat Petroleum Corporation Limited | 0.32% | 0.31% |
| IndusInd Bank Limited | 0.31% | 0.31% |
| Tata Motors Passenger Vehicles Limited | 0.31% | 0.32% |
| Tata Power Company Limited | 0.31% | 0.32% |
| Varun Beverages Limited | 0.31% | 0.31% |
| CG Power and Industrial Solutions Limited | 0.31% | 0.31% |
| AU Small Finance Bank Limited | 0.31% | 0.30% |
| Britannia Industries Limited | 0.30% | 0.30% |
| Persistent Systems Limited | 0.30% | 0.30% |
| Torrent Pharmaceuticals Limited | 0.37% | 0.30% |
| HDFC Life Insurance Company Limited | 0.29% | 0.29% |
| IDFC First Bank Limited | 0.28% | 0.29% |
| Dixon Technologies (India) Limited | 0.28% | 0.29% |
| Bharat Forge Limited | 0.28% | 0.27% |
| GE Vernova T&D India Limited | 0.27% | 0.27% |
| Life Insurance Corporation Of India | 0.26% | 0.29% |
| Indian Oil Corporation Limited | 0.26% | 0.26% |
| Lupin Limited | 0.26% | 0.26% |
| Lenskart Solutions Limited | 0.26% | 0.49% |
| Suzlon Energy Limited | 0.25% | 0.25% |
| Indus Towers Limited | 0.25% | 0.26% |
| Power Finance Corporation Limited | 0.25% | 0.25% |
| Solar Industries India Limited | 0.25% | 0.25% |
| Info Edge (India) Limited | 0.25% | 0.25% |
| Bajaj Holdings & Investment Limited | 0.24% | 0.24% |
| HDFC Asset Management Company Limited | 0.24% | 0.24% |
| GAIL (India) Limited | 0.24% | 0.24% |
| Aurobindo Pharma Limited | 0.24% | 0.24% |
| Pidilite Industries Limited | 0.24% | 0.24% |
| Ashok Leyland Limited | 0.23% | 0.23% |
| FSN E-Commerce Ventures Limited | 0.23% | 0.23% |
| DLF Limited | 0.23% | 0.23% |
| Bank of Baroda | 0.22% | 0.23% |
| Wipro Limited | 0.22% | 0.22% |
| Marico Limited | 0.22% | 0.22% |
| Adani Green Energy Limited | 0.22% | 0.22% |
| Polycab India Limited | 0.22% | 0.22% |
| Jindal Steel Limited | 0.22% | 0.22% |
| Adani Energy Solutions Limited | 0.22% | 0.21% |
| Fortis Healthcare Limited | 0.21% | 0.21% |
| Bosch Limited | 0.21% | 0.21% |
| Canara Bank | 0.21% | 0.21% |
| APL Apollo Tubes Limited | 0.21% | 0.23% |
| United Spirits Limited | 0.21% | 0.21% |
| Hitachi Energy India Limited | 0.20% | 0.20% |
| Punjab National Bank | 0.20% | 0.21% |
| PB Fintech Limited | 0.20% | 0.20% |
| ICICI Lombard General Insurance Company Limited | 0.20% | 0.21% |
| Swiggy Limited | 0.20% | 0.20% |
| LTM Limited | 0.20% | 0.20% |
| REC Limited | 0.19% | 0.20% |
| Sona BLW Precision Forgings Limited | 0.19% | 0.20% |
| Max Financial Services Limited | 0.19% | 0.19% |
| The Phoenix Mills Limited | 0.19% | 0.19% |
| Yes Bank Limited | 0.19% | 0.19% |
| SRF Limited | 0.19% | 0.19% |
| Welspun Corp Limited | 0.19% | 0.19% |
| ABB India Limited | 0.19% | 0.19% |
| Vodafone Idea Limited | 0.19% | 0.19% |
| Godrej Consumer Products Limited | 0.18% | 0.18% |
| Lodha Developers Limited | 0.18% | 0.18% |
| Glenmark Pharmaceuticals Limited | 0.18% | 0.18% |
| Radico Khaitan Limited | 0.18% | 0.18% |
| Hindustan Petroleum Corporation Limited | 0.18% | 0.18% |
| Siemens Limited | 0.17% | 0.18% |
| Aditya Birla Capital Limited | 0.17% | 0.17% |
| Union Bank of India | 0.17% | 0.17% |
| GMR Airports Limited | 0.17% | 0.18% |
| Apar Industries Limited | 0.17% | 0.16% |
| National Aluminium Company Limited | 0.16% | 0.16% |
| Alkem Laboratories Limited | 0.16% | 0.16% |
| UPL Limited | 0.16% | 0.16% |
| Navin Fluorine International Limited | 0.16% | 0.16% |
| JSW Energy Limited | 0.16% | 0.16% |
| Shree Cement Limited | 0.16% | 0.16% |
| Zydus Lifesciences Limited | 0.15% | 0.15% |
| Vishal Mega Mart Limited | 0.15% | 0.15% |
| Siemens Energy India Limited | 0.15% | 0.15% |
| Mphasis Limited | 0.15% | 0.15% |
| Muthoot Finance Limited | 0.15% | 0.16% |
| Indian Bank | 0.15% | 0.15% |
| Hyundai Motor India Ltd | 0.15% | 0.15% |
| Mankind Pharma Limited | 0.15% | 0.15% |
| Billionbrains Garage Ventures Ltd | 0.14% | 0.14% |
| Ather Energy Limited | 0.14% | 0.14% |
| 360 One WAM Limited | 0.14% | 0.14% |
| IPCA Laboratories Limited | 0.14% | 0.14% |
| NHPC Limited | 0.14% | 0.14% |
| KEI Industries Limited | 0.14% | 0.14% |
| NMDC Limited | 0.14% | 0.14% |
| Hindustan Zinc Limited | 0.14% | 0.14% |
| Steel Authority of India Limited | 0.14% | 0.14% |
| Piramal Finance Limited | 0.14% | 0.13% |
| Havells India Limited | 0.13% | 0.13% |
| Lloyds Metals And Energy Limited | 0.13% | 0.13% |
| Biocon Limited | 0.13% | 0.14% |
| Prestige Estates Projects Limited | 0.13% | 0.13% |
| Oracle Financial Services Software Limited | 0.13% | 0.13% |
| MRF Limited | 0.13% | 0.13% |
| Tube Investments of India Limited | 0.13% | 0.13% |
| RBL Bank Limited | 0.13% | 0.13% |
| Delhivery Limited | 0.13% | 0.13% |
| Redington Limited | 0.13% | 0.13% |
| Voltas Limited | 0.13% | 0.13% |
| Oil India Limited | 0.13% | 0.13% |
| Gland Pharma Limited | 0.12% | 0.12% |
| Ambuja Cements Limited | 0.12% | 0.12% |
| Jindal Stainless Limited | 0.12% | 0.12% |
| Colgate Palmolive (India) Limited | 0.12% | 0.12% |
| HFCL Limited | 0.12% | 0.12% |
| Torrent Power Limited | 0.12% | 0.13% |
| L&T Finance Limited | 0.12% | 0.12% |
| Page Industries Limited | 0.12% | 0.12% |
| Supreme Industries Limited | 0.12% | 0.12% |
| Waaree Energies Limited | 0.12% | 0.12% |
| Dabur India Limited | 0.12% | 0.12% |
| Meesho Ltd | 0.11% | 0.47% |
| Kalyan Jewellers India Limited | 0.11% | 0.11% |
| Petronet LNG Limited | 0.11% | 0.11% |
| UNO Minda Limited | 0.11% | 0.11% |
| City Union Bank Limited | 0.11% | 0.11% |
| PNB Housing Finance Limited | 0.11% | 0.11% |
| Mahindra & Mahindra Financial Services Limited | 0.11% | 0.11% |
| JK Cement Limited | 0.11% | 0.11% |
| JSW Infrastructure Ltd | 0.11% | 0.11% |
| Sai Life Sciences Limited | 0.11% | 0.11% |
| Coromandel International Limited | 0.11% | 0.11% |
| Oberoi Realty Limited | 0.11% | 0.11% |
| Godrej Properties Limited | 0.11% | 0.11% |
| Kirloskar Oil Engines Limited | 0.10% | 0.10% |
| Tata Communications Limited | 0.10% | 0.10% |
| Nippon Life India Asset Management Limited | 0.10% | 0.10% |
| Anand Rathi Wealth Limited | 0.10% | 0.10% |
| Blue Star Limited | 0.10% | 0.10% |
| Krishna Institute Of Medical Sciences Limited | 0.10% | 0.10% |
| Aster DM Quality Care Limited | 0.10% | 0.10% |
| Exide Industries Limited | 0.10% | 0.10% |
| ICICI Prudential Asset Management Company Limited | 0.10% | 0.10% |
| PI Industries Limited | 0.10% | 0.10% |
| ITC Hotels Limited | 0.10% | 0.10% |
| Gujarat Fluorochemicals Limited | 0.10% | 0.10% |
| Neuland Laboratories Limited | 0.10% | 0.10% |
| SBI Cards and Payment Services Limited | 0.09% | 0.09% |
| Wockhardt Limited | 0.09% | 0.09% |
| Indian Railway Finance Corporation Limited | 0.09% | 0.09% |
| Aegis Logistics Limited | 0.09% | 0.09% |
| LG Electronics India Ltd | 0.09% | 0.09% |
| Manappuram Finance Limited | 0.09% | 0.09% |
| Bandhan Bank Limited | 0.09% | 0.09% |
| ICICI Prudential Life Insurance Company Limited | 0.09% | 0.09% |
| Jubilant Foodworks Limited | 0.09% | 0.09% |
| Tata Capital Limited | 0.09% | 0.10% |
| Acutaas Chemicals Limited | 0.09% | 0.09% |
| Balkrishna Industries Limited | 0.09% | 0.09% |
| Astral Limited | 0.09% | 0.09% |
| Adani Total Gas Limited | 0.09% | 0.09% |
| Ajanta Pharma Limited | 0.09% | 0.09% |
| Hindustan Copper Limited | 0.10% | 0.08% |
| Craftsman Automation Limited | 0.08% | 0.08% |
| The Great Eastern Shipping Company Limited | 0.08% | 0.08% |
| Himadri Speciality Chemical Limited | 0.08% | 0.09% |
| Bank of India | 0.08% | 0.08% |
| Container Corporation of India Limited | 0.08% | 0.08% |
| LIC Housing Finance Limited | 0.08% | 0.08% |
| Kalpataru Projects International Limited | 0.08% | 0.08% |
| Mazagon Dock Shipbuilders Limited | 0.08% | 0.09% |
| Motilal Oswal Financial Services Limited | 0.08% | 0.08% |
| Bank of Maharashtra | 0.08% | 0.08% |
| Poonawalla Fincorp Limited | 0.08% | 0.08% |
| Schaeffler India Limited | 0.08% | 0.08% |
| Computer Age Management Services Limited | 0.08% | 0.09% |
| Dr. Lal Path Labs Limited | 0.08% | 0.08% |
| Angel One Limited | 0.09% | 0.08% |
| AIA Engineering Limited | 0.08% | 0.08% |
| Amber Enterprises India Limited | 0.08% | 0.08% |
| Authum Investment And Infrastructure Limited | 0.08% | 0.08% |
| Carborundum Universal Limited | 0.08% | 0.08% |
| Premier Energies Limited | 0.07% | 0.08% |
| Syrma SGS Technology Limited | 0.07% | 0.07% |
| Cholamandalam Financial Holdings Limited | 0.07% | 0.07% |
| Crompton Greaves Consumer Electricals Limited | 0.07% | 0.07% |
| Indian Railway Catering And Tourism Corporation Limited | 0.07% | 0.07% |
| Abbott India Limited | 0.07% | 0.07% |
| Linde India Limited | 0.07% | 0.07% |
| General Insurance Corporation of India | 0.07% | 0.07% |
| IIFL Finance Limited | 0.07% | 0.08% |
| Nuvama Wealth Management Limited | 0.07% | 0.07% |
| PTC Industries Limited | 0.07% | 0.07% |
| Elgi Equipments Limited | 0.07% | 0.07% |
| Apollo Tyres Limited | 0.07% | 0.07% |
| Thermax Limited | 0.07% | 0.07% |
| Piramal Pharma Limited | 0.07% | 0.07% |
| HDB Financial Services Limited | 0.07% | 0.07% |
| Berger Paints (I) Limited | 0.07% | 0.07% |
| Patanjali Foods Limited | 0.07% | 0.07% |
| Star Health And Allied Insurance Company Limited | 0.07% | 0.07% |
| Data Patterns (India) Limited | 0.07% | 0.07% |
| Dalmia Bharat Limited | 0.07% | 0.07% |
| Granules India Limited | 0.07% | 0.06% |
| Onesource Specialty Pharma Limited | 0.06% | 0.06% |
| Tata Technologies Limited | 0.06% | 0.07% |
| Narayana Hrudayalaya Limited | 0.06% | 0.07% |
| Rail Vikas Nigam Limited | 0.06% | 0.06% |
| Asahi India Glass Limited | 0.06% | 0.06% |
| Global Health Limited | 0.06% | 0.06% |
| K.P.R. Mill Limited | 0.06% | 0.06% |
| Timken India Limited | 0.06% | 0.06% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.06% | 0.06% |
| KFin Technologies Limited | 0.06% | 0.06% |
| Cochin Shipyard Limited | 0.07% | 0.06% |
| Kaynes Technology India Limited | 0.06% | 0.06% |
| Finolex Cables Limited | 0.06% | 0.06% |
| CRISIL Limited | 0.06% | 0.06% |
| Brigade Enterprises Limited | 0.06% | 0.06% |
| Bharti Hexacom Limited | 0.06% | 0.06% |
| ZF Commercial Vehicle Control Systems India Limited | 0.06% | 0.06% |
| Tata Elxsi Limited | 0.06% | 0.06% |
| The Ramco Cements Limited | 0.06% | 0.06% |
| Sammaan Capital Limited | 0.06% | 0.06% |
| Home First Finance Company India Limited | 0.06% | 0.05% |
| Affle 3i Limited | 0.05% | 0.05% |
| Tata Chemicals Limited | 0.05% | 0.05% |
| Sagility Limited | 0.05% | 0.05% |
| Five Star Business Finance Limited | 0.05% | 0.05% |
| Pine Labs Limited | 0.05% | 0.10% |
| Bharat Dynamics Limited | 0.05% | 0.05% |
| Castrol India Limited | 0.05% | 0.05% |
| Capri Global Capital Limited | 0.05% | 0.05% |
| Indraprastha Gas Limited | 0.05% | 0.05% |
| Kajaria Ceramics Limited | 0.05% | 0.05% |
| Deepak Nitrite Limited | 0.05% | 0.06% |
| AWL Agri Business Limited | 0.05% | 0.05% |
| Aarti Industries Limited | 0.05% | 0.05% |
| Aditya Infotech Limited | 0.05% | 0.06% |
| NLC India Limited | 0.05% | 0.05% |
| Atul Limited | 0.05% | 0.05% |
| Endurance Technologies Limited | 0.05% | 0.05% |
| Amara Raja Energy & Mobility Ltd | 0.05% | 0.05% |
| Anthem Biosciences Limited | 0.05% | 0.05% |
| Usha Martin Limited | 0.05% | 0.05% |
| Escorts Kubota Limited | 0.05% | 0.05% |
| Anant Raj Limited | 0.05% | 0.05% |
| HBL Engineering Limited | 0.05% | 0.05% |
| Inventurus Knowledge Solutions Limited | 0.05% | 0.05% |
| L&T Technology Services Limited | 0.05% | 0.05% |
| Bajaj Housing Finance Limited | 0.05% | 0.05% |
| Deepak Fertilizers and Petrochemicals Corporation Limited | 0.05% | 0.05% |
| PVR INOX Limited | 0.05% | 0.05% |
| Indian Renewable Energy Development Agency Limited | 0.05% | 0.05% |
| Acme Solar Holdings Ltd | 0.05% | 0.05% |
| Jyoti CNC Automation Ltd | 0.05% | 0.05% |
| NTPC Green Energy Limited | 0.05% | 0.05% |
| Motherson Sumi Wiring India Limited | 0.05% | 0.05% |
| Netweb Technologies India Limited | 0.05% | 0.05% |
| Belrise Industries Ltd. | 0.05% | 0.04% |
| Indian Energy Exchange Limited | 0.04% | 0.05% |
| Housing & Urban Development Corporation Limited | 0.04% | 0.04% |
| KPIT Technologies Limited | 0.04% | 0.04% |
| NBCC (India) Limited | 0.04% | 0.04% |
| Ola Electric Mobility Ltd | 0.04% | 0.05% |
| Balrampur Chini Mills Limited | 0.04% | 0.04% |
| Cyient Limited | 0.04% | 0.05% |
| Emcure Pharmaceuticals Limited | 0.04% | 0.04% |
| BEML Limited | 0.04% | 0.04% |
| Godfrey Phillips India Limited | 0.04% | 0.04% |
| Force Motors Limited | 0.04% | 0.04% |
| PG Electroplast Limited | 0.04% | 0.04% |
| CESC Limited | 0.04% | 0.04% |
| Engineers India Limited | 0.04% | 0.05% |
| Gabriel India Limited | 0.04% | 0.05% |
| Tata Investment Corporation Limited | 0.04% | 0.04% |
| Firstsource Solutions Limited | 0.04% | 0.04% |
| United Breweries Limited | 0.04% | 0.04% |
| Nava Limited | 0.04% | 0.04% |
| R R Kabel Limited | 0.04% | 0.04% |
| Aptus Value Housing Finance India Limited | 0.04% | 0.05% |
| Emami Limited | 0.04% | 0.04% |
| Natco Pharma Limited | 0.04% | 0.04% |
| Zen Technologies Limited | 0.04% | 0.04% |
| Shyam Metalics and Energy Limited | 0.04% | 0.04% |
| Jaiprakash Power Ventures Limited | 0.04% | 0.04% |
| eClerx Services Limited | 0.04% | 0.04% |
| Honeywell Automation India Limited | 0.04% | 0.04% |
| Hexaware Technologies Limited | 0.04% | 0.04% |
| CCL Products (India) Limited | 0.04% | 0.04% |
| PhysicsWallah Limited | 0.04% | 0.04% |
| Aditya Birla Sun Life AMC Limited | 0.04% | 0.04% |
| Ramkrishna Forgings Limited | 0.04% | 0.04% |
| Cohance Lifesciences Limited | 0.04% | 0.04% |
| Welspun Living Limited | 0.04% | 0.04% |
| EID Parry India Limited | 0.04% | 0.04% |
| ACC Limited | 0.04% | 0.04% |
| CreditAccess Grameen Limited | 0.04% | 0.04% |
| Syngene International Limited | 0.04% | 0.04% |
| Schneider Electric Infrastructure Limited | 0.04% | 0.04% |
| CEAT Limited | 0.04% | 0.04% |
| Chennai Petroleum Corporation Limited | 0.04% | 0.04% |
| Whirlpool of India Limited | 0.04% | 0.04% |
| IRB Infrastructure Developers Limited | 0.04% | 0.04% |
| Mahanagar Gas Limited | 0.03% | 0.03% |
| Aditya Birla Real Estate Limited | 0.03% | 0.03% |
| Inox Wind Limited | 0.03% | 0.04% |
| Chambal Fertilizers & Chemicals Limited | 0.03% | 0.03% |
| Paradeep Phosphates Limited | 0.03% | 0.03% |
| Honasa Consumer Limited | 0.03% | 0.03% |
| Choice International Limited | 0.03% | 0.03% |
| Triveni Turbine Limited | 0.03% | 0.03% |
| The Jammu & Kashmir Bank Limited | 0.03% | 0.03% |
| Poly Medicure Limited | 0.03% | 0.03% |
| EIH Limited | 0.03% | 0.03% |
| Gillette India Limited | 0.03% | 0.03% |
| Jindal Saw Limited | 0.03% | 0.03% |
| Garden Reach Shipbuilders & Engineers Limited | 0.03% | 0.03% |
| Sun TV Network Limited | 0.03% | 0.03% |
| Can Fin Homes Limited | 0.03% | 0.04% |
| PCBL Chemical Limited | 0.03% | 0.03% |
| Reliance Power Limited | 0.03% | 0.03% |
| Titagarh Rail Systems Limited | 0.03% | 0.03% |
| TBO Tek Limited | 0.03% | 0.03% |
| Cemindia Projects Ltd | 0.03% | 0.03% |
| Rainbow Childrens Medicare Limited | 0.03% | 0.04% |
| Aether Industries Limited | 0.03% | 0.03% |
| Intellect Design Arena Limited | 0.03% | 0.03% |
| Sobha Limited | 0.03% | 0.03% |
| Minda Corporation Limited | 0.03% | 0.03% |
| Devyani International Limited | 0.03% | 0.03% |
| Jubilant Ingrevia Limited | 0.03% | 0.03% |
| LT Foods Limited | 0.03% | 0.03% |
| Godawari Power And Ispat limited | 0.03% | 0.03% |
| Urban Company Ltd. | 0.03% | 0.03% |
| Caplin Point Laboratories Limited | 0.03% | 0.03% |
| Vardhman Textiles Limited | 0.03% | 0.03% |
| Central Bank of India | 0.03% | 0.03% |
| Sumitomo Chemical India Limited | 0.03% | 0.03% |
| Lemon Tree Hotels Limited | 0.03% | 0.03% |
| NCC Limited | 0.03% | 0.03% |
| Tenneco Clean Air India Limited | 0.03% | 0.03% |
| Graphite India Limited | 0.03% | 0.03% |
| Techno Electric & Engineering Company Limited | 0.03% | 0.03% |
| Indiamart Intermesh Limited | 0.03% | 0.03% |
| CIE Automotive India Limited | 0.03% | 0.03% |
| Action Construction Equipment Limited | 0.03% | 0.03% |
| KEC International Limited | 0.03% | 0.03% |
| JM Financial Limited | 0.03% | 0.03% |
| Zydus Wellness Limited | 0.03% | 0.03% |
| Aavas Financiers Limited | 0.03% | 0.03% |
| Zensar Technologies Limited | 0.03% | 0.03% |
| SJVN Limited | 0.02% | 0.02% |
| IDBI Bank Limited | 0.02% | 0.02% |
| Tejas Networks Limited | 0.02% | 0.02% |
| Gravita India Limited | 0.02% | 0.02% |
| Brainbees Solutions Ltd | 0.02% | 0.02% |
| IFCI Limited | 0.02% | 0.02% |
| UTI Asset Management Company Limited | 0.02% | 0.03% |
| Aegis Vopak Terminals Limited | 0.02% | 0.02% |
| NMDC Steel Limited | 0.02% | 0.03% |
| HEG Graphite Ltd | 0.02% | 0.02% |
| Afcons Infrastructure Limited | 0.02% | 0.02% |
| Gujarat Mineral Development Corporation Limited | 0.02% | 0.02% |
| Bata India Limited | 0.02% | 0.02% |
| Emmvee Photovoltaic Power Limited | 0.02% | 0.02% |
| Elecon Engineering Company Limited | 0.02% | 0.02% |
| Clean Science and Technology Limited | 0.02% | 0.02% |
| Godrej Industries Limited | 0.02% | 0.02% |
| Olectra Greentech Limited | 0.02% | 0.02% |
| Doms Industries Limited | 0.02% | 0.03% |
| Concord Biotech Limited | 0.02% | 0.02% |
| Prime Focus Limited | 0.02% | 0.05% |
| Sarda Energy & Minerals Limited | 0.02% | 0.02% |
| The New India Assurance Company Limited | 0.02% | 0.02% |
| Allied Blenders And Distillers Limited | 0.02% | 0.02% |
| Indian Overseas Bank | 0.02% | 0.02% |
| Swan Corp Limited | 0.02% | 0.02% |
| Kirloskar Brothers Limited | 0.02% | 0.02% |
| Birlasoft Limited | 0.02% | 0.02% |
| Aadhar Housing Finance Limited | 0.02% | 0.04% |
| IRCON International Limited | 0.02% | 0.02% |
| JSW Cement Limited | 0.02% | 0.02% |
| Nuvoco Vistas Corporation Limited | 0.02% | 0.02% |
| Jupiter Wagons Limited | 0.02% | 0.02% |
| International Gemological Institute Limited | 0.02% | 0.02% |
| Mangalore Refinery and Petrochemicals Limited | 0.02% | 0.02% |
| Transformers And Rectifiers (India) Limited | 0.02% | 0.02% |
| Trident Limited | 0.01% | 0.01% |
| RailTel Corporation of India Limited | 0.01% | 0.01% |
| BLS International Services Limited | 0.01% | 0.01% |
| RITES Limited | 0.01% | 0.01% |
| The India Cements Limited | 0.01% | 0.01% |
| HEG Advanced Materials Ltd | 0.01% | 0.01% |
| UCO Bank | 0.01% | 0.01% |
| RHI Magnesita India Limited | 0.01% | 0.01% |
| SignatureGlobal (India) Limited | 0.01% | 0.02% |
| JBM Auto Limited | 0.01% | 0.01% |
| Gallantt Ispat Limited | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 96.7% means 96.7% 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 Axis Nifty 500 Index Fund
| Security | % of fund |
|---|---|
| BSE Limited | 0.66% |
| Vedanta Limited | 0.24% |
| Embassy Office Parks REIT | 0.20% |
| Karur Vysya Bank Limited | 0.16% |
| Sundaram Finance Limited | 0.16% |
Largest holdings only in ICICI Prudential BSE 500 ETF
| Security | % of fund |
|---|---|
| National Securities Depository Ltd. | 0.05% |
| Gujarat Gas Ltd. | 0.05% |
| Grindwell Norton Ltd. | 0.05% |
| 3M India Ltd. | 0.05% |
| Jubilant Pharmova Sciences Ltd | 0.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 500 Index | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Equity | 99.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.0% |
Market cap of stocks
| Market cap | Axis Nifty 500 Index | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Large Cap | 67.2% | 67.1% |
| Mid Cap | 20.9% | 21.5% |
| Small Cap | 11.6% | 11.3% |
| Not on AMFI's list | 0.1% | 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 | Axis Nifty 500 Index | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Banks | 19.3% | 19.5% |
| Finance | 6.5% | 6.4% |
| Pharmaceuticals & Biotechnology | 5.8% | 5.8% |
| It - Software | 0.0% | 5.8% |
| IT - Software | 5.7% | 0.0% |
| Petroleum Products | 5.0% | 5.0% |
| Automobiles | 4.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 500 Index vs ICICI Prudential BSE 500 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 500 Index Fund | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | Not available |
| Base expense ratio (Direct) | 0.09% | 0.00% |
| Total expense ratio (Regular) | 1.11% | Not available |
| Base expense ratio (Regular) | 0.90% | 0.26% |
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.
Axis Nifty 500 Index Fund vs ICICI Prudential BSE 500 ETF: Frequently Asked Questions
What is the difference between Axis Nifty 500 Index Fund and ICICI Prudential BSE 500 ETF?
Axis Nifty 500 Index Fund is an Index fund, ICICI Prudential BSE 500 ETF is an ETF fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 96.7%. Axis Nifty 500 Index Fund charges 0.17% a year and ICICI Prudential BSE 500 ETF 0.33%.
Which has given higher returns, Axis Nifty 500 Index Fund or ICICI Prudential BSE 500 ETF?
Over 1 year: Axis Nifty 500 Index Fund −7.64%, ICICI Prudential BSE 500 ETF −7.94%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 500 Index Fund or ICICI Prudential BSE 500 ETF?
Axis Nifty 500 Index Fund charges less: 0.17% a year against 0.33%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty 500 Index Fund and ICICI Prudential BSE 500 ETF overlap?
96.7%. They hold 459 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Axis Nifty 500 Index Fund and ICICI Prudential BSE 500 ETF?
Yes. 96.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty 500 Index Fund and ICICI Prudential BSE 500 ETF?
Axis Nifty 500 Index Fund: Nandik Malik, Rohit Gautam. ICICI Prudential BSE 500 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Shinde.
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.