Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty Energy ETF is an ETF fund and ICICI Prudential Energy Opportunities Fund is a Thematic fund. Axis Nifty Energy ETF charges 1.70% a year and ICICI Prudential Energy Opportunities Fund 1.11%. Their portfolios overlap 48.5%: they hold 30 of the same securities.
ICICI Prudential Energy Opportunities Fund
Thematic
- Expense ratio
- 1.11%
- NAV
- ₹10.81
Which is better, Axis Nifty Energy ETF or ICICI Prudential Energy Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Energy Opportunities costs less: 1.11% a year against 1.70%.
- Axis Nifty Energy ETF fell less in its worst fall since 02-09-2026: −10.0% against −10.7%.
- Axis Nifty Energy ETF holds more in large companies: 72.5% of the fund in large caps against 46.3%.
- ICICI Prudential Energy Opportunities is the larger fund: ₹8,029 Cr against ₹7 Cr.
- Their portfolios overlap 48.5%: 30 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 Energy ETF | ICICI Prudential Energy Opportunities Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹7 Cr (30-09-2026) | ₹8,029 Cr (30-09-2026) |
| NAV | ₹17.52 | ₹10.81 (Direct) |
| Expense ratio (Direct) | Not available | 1.11% |
| Expense ratio (Regular) | Not available | 2.12% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Energy TRI | Nifty Energy TRI |
| Launch date | 27-08-2026 | 22-07-2024 |
| Minimum investment | 75,000 Units | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandik Mallik, Rohit Gautam | Nitya Mishra, Sharmila D'silva for overseas investments |
| Exit load | Not available | Exit load of 1%, if redeemed within 3 months. |
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities: 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 Energy ETF | −4.59% | -- | -- | -- | -- | -- | -- |
| ICICI Prudential Energy Opportunities Fund (Direct) | −6.08% | −6.33% | −9.16% | +0.19% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities: Year-wise Returns
| Year | Axis Nifty Energy ETFAxis Nifty Energy ETF | ICICI Prudential Energy OpportunitiesICICI Prudential Energy Opportunities | Nifty Energy TRI |
|---|---|---|---|
| 2026to date | -- | +1.22% | −0.05% |
| 2025 | -- | +11.60% | +1.84% |
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of both
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty Energy ETF | ICICI Prudential Energy Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −40.63% | +3.40% |
| Standard deviation | 15.32% | 14.39% |
| Sharpe ratio | -3.00 | -0.16 |
| Sortino ratio | -3.31 | -0.22 |
| Maximum drawdown | −10.0% (23-10-2026) | −18.7% (28-02-2025) |
| Beta | 1.00 | 0.76 |
| Alpha | −0.21% | +6.71% |
From daily NAVs, 02-09-2026 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 Energy ETF
ICICI Prudential Energy Opportunities Fund (Direct)
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty Energy ETF | −10.0% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| ICICI Prudential Energy Opportunities Fund (Direct) | −10.7% | 10-09-2026 | 23-10-2026 | Not yet | -- | −9.0% |
| Nifty Energy TRI | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
From daily values since 02-09-2026, the first day every fund has.
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Energy ETF, September 2026; ICICI Prudential Energy Opportunities Fund, September 2026
Holdings in common
- Overlap
- 48.5%
- Held by both
- 30
- Only in Axis Nifty Energy ETF
- 10
- Only in ICICI Prudential Energy Opportunities
- 59
| Security | % of Axis Nifty Energy ETF | % of ICICI Prudential Energy Opportunities |
|---|---|---|
| Reliance Industries Limited | 9.88% | 8.87% |
| NTPC Limited | 6.09% | 7.45% |
| Oil & Natural Gas Corporation Limited | 9.26% | 5.28% |
| Oil India Limited | 2.58% | 3.06% |
| Bharat Petroleum Corporation Limited | 2.23% | 3.24% |
| GAIL (India) Limited | 4.86% | 2.19% |
| Coal India Limited | 10.18% | 1.92% |
| Indian Oil Corporation Limited | 1.84% | 2.55% |
| Bharat Heavy Electricals Limited | 3.84% | 1.61% |
| ABB India Limited | 2.26% | 1.38% |
| GE Vernova T&D India Limited | 3.30% | 1.34% |
| Adani Energy Solutions Limited | 1.70% | 1.18% |
| Tata Power Company Limited | 2.39% | 1.18% |
| Hindustan Petroleum Corporation Limited | 1.23% | 1.17% |
| Siemens Energy India Limited | 1.79% | 1.16% |
| TD Power Systems Limited | 1.14% | 2.39% |
| CG Power and Industrial Solutions Limited | 3.72% | 1.12% |
| NHPC Limited | 1.09% | 1.85% |
| Power Grid Corporation of India Limited | 4.68% | 0.94% |
| JSW Energy Limited | 1.20% | 0.70% |
| Mahanagar Gas Limited | 0.64% | 1.05% |
| Torrent Power Limited | 0.94% | 0.48% |
| Inox Wind Limited | 0.42% | 0.76% |
| Siemens Limited | 2.09% | 0.40% |
| NTPC Green Energy Limited | 0.34% | 0.80% |
| CESC Limited | 0.33% | 0.73% |
| Adani Power Limited | 3.37% | 0.27% |
| NLC India Limited | 0.38% | 0.24% |
| Indraprastha Gas Limited | 1.08% | 0.19% |
| Petronet LNG Limited | 2.25% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.5% means 48.5% 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 Energy ETF
| Security | % of fund |
|---|---|
| Suzlon Energy Limited | 3.05% |
| Hitachi Energy India Limited | 2.45% |
| Aegis Logistics Limited | 1.83% |
| Adani Total Gas Limited | 1.74% |
| Adani Green Energy Limited | 1.70% |
Largest holdings only in ICICI Prudential Energy Opportunities Fund
| Security | % of fund |
|---|---|
| Cummins India Ltd. | 3.30% |
| Kalpataru Projects International Ltd | 2.63% |
| Life Insurance Corporation of India | 2.46% |
| Acme Solar Holdings Ltd | 2.12% |
| Triveni Turbine Ltd. | 1.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Energy ETF | ICICI Prudential Energy Opportunities |
|---|---|---|
| Equity | 99.9% | 95.2% |
| Debt | 0.0% | 1.9% |
| Cash and others | 0.1% | 2.8% |
Market cap of stocks
| Market cap | Axis Nifty Energy ETF | ICICI Prudential Energy Opportunities |
|---|---|---|
| Large Cap | 72.5% | 46.3% |
| Mid Cap | 20.7% | 13.4% |
| Small Cap | 5.5% | 32.0% |
| Not on AMFI's list | 1.1% | 3.5% |
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 Energy ETF | ICICI Prudential Energy Opportunities |
|---|---|---|
| Power | 25.0% | 19.6% |
| Electrical Equipment | 24.9% | 19.1% |
| Petroleum Products | 15.5% | 17.4% |
| Gas | 12.4% | 5.2% |
| Oil | 11.8% | 8.5% |
| Industrial Products | 0.0% | 11.5% |
| Consumable Fuels | 10.2% | 1.9% |
| Construction | 0.0% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Energy ETF | ICICI Prudential Energy Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.11% |
| Base expense ratio (Direct) | 0.00% | 0.64% |
| Total expense ratio (Regular) | Not available | 2.12% |
| Base expense ratio (Regular) | 0.25% | 1.53% |
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.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Energy Opportunities with
- ICICI Prudential Energy Opportunities vs Nippon India Taiwan Equity
- ICICI Prudential Energy Opportunities vs HDFC Defence
- ICICI Prudential Energy Opportunities vs HDFC Pharma and Healthcare
- ICICI Prudential Energy Opportunities vs SBI Healthcare Opportunities
- ICICI Prudential Energy Opportunities vs Aditya Birla Sun Life International Equity
Axis Nifty Energy ETF vs ICICI Prudential Energy Opportunities Fund: Frequently Asked Questions
What is the difference between Axis Nifty Energy ETF and ICICI Prudential Energy Opportunities Fund?
Axis Nifty Energy ETF is an ETF fund, ICICI Prudential Energy Opportunities Fund is a Thematic fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 48.5%. Axis Nifty Energy ETF charges 1.70% a year and ICICI Prudential Energy Opportunities Fund 1.11%.
Which has the lower expense ratio, Axis Nifty Energy ETF or ICICI Prudential Energy Opportunities Fund?
ICICI Prudential Energy Opportunities Fund charges less: 1.11% a year against 1.70%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty Energy ETF and ICICI Prudential Energy Opportunities Fund overlap?
48.5%. They hold 30 of the same securities, the largest shared ones being RELIANCE, NTPC, ONGC. From each fund's latest monthly portfolio.
Can I invest in both Axis Nifty Energy ETF and ICICI Prudential Energy Opportunities Fund?
Yes. 48.5% 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 Energy ETF and ICICI Prudential Energy Opportunities Fund?
Axis Nifty Energy ETF: Nandik Mallik, Rohit Gautam. ICICI Prudential Energy Opportunities Fund: Nitya Mishra, Sharmila D'silva for overseas investments.
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.