Axis Nifty Energy Index Fund vs ICICI Prudential Nifty Commodities ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty Energy Index Fund is an Index fund and ICICI Prudential Nifty Commodities ETF is an ETF fund. Axis Nifty Energy Index Fund charges 1.79% a year and ICICI Prudential Nifty Commodities ETF 0.35%. Their portfolios overlap 44.0%: they hold 15 of the same securities.
ICICI Prudential Nifty Commodities ETF
ETF
- Expense ratio
- 0.35%
- NAV
- ₹91.59
Which is better, Axis Nifty Energy Index or ICICI Prudential Nifty Commodities ETF? 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 Nifty Commodities ETF costs less: 0.35% a year against 1.79%.
- Axis Nifty Energy Index fell less in its worst fall since 02-09-2026: −9.9% against −10.2%.
- ICICI Prudential Nifty Commodities ETF holds more in large companies: 85.4% of the fund in large caps against 72.7%.
- ICICI Prudential Nifty Commodities ETF is the larger fund: ₹117 Cr against ₹89 Cr.
- Their portfolios overlap 44.0%: 15 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 Index Fund | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹89 Cr (30-09-2026) | ₹117 Cr (30-09-2026) |
| NAV | ₹9.20 (Direct) | ₹91.59 |
| Expense ratio (Direct) | 1.79% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Energy TRI | Nifty Commodities TRI |
| Launch date | 27-08-2026 | 15-12-2022 |
| 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 Mallik, Rohit Gautam | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Not available |
Axis Nifty Energy Index vs ICICI Prudential Nifty Commodities 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 Energy Index Fund (Direct) | −4.59% | -- | -- | -- | -- | -- | -- |
| ICICI Prudential Nifty Commodities ETF | −3.65% | −8.44% | −12.04% | −4.83% | +13.50% | -- | -- |
Axis Nifty Energy Index vs ICICI Prudential Nifty Commodities ETF: Year-wise Returns
| Year | Axis Nifty Energy IndexAxis Nifty Energy Index | ICICI Prudential Nifty Commodities ETFICICI Prudential Nifty Commodities ETF |
|---|---|---|
| 2026to date | -- | −5.16% |
| 2025 | -- | +18.06% |
| 2024 | -- | +5.78% |
| 2023 | -- | +30.09% |
Axis Nifty Energy Index vs ICICI Prudential Nifty Commodities ETF: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of Axis Nifty Energy Index Fund
Axis Nifty Energy Index vs ICICI Prudential Nifty Commodities ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty Energy Index Fund (Direct) | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Return (CAGR) | −40.55% | +11.45% |
| Standard deviation | 15.31% | 17.30% |
| Sharpe ratio | -2.99 | 0.30 |
| Sortino ratio | -3.31 | 0.41 |
| Maximum drawdown | −9.9% (23-10-2026) | −22.5% (13-01-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.40% |
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 Index Fund (Direct)
ICICI Prudential Nifty Commodities ETF
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 Index Fund (Direct) | −9.9% | 09-09-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| ICICI Prudential Nifty Commodities ETF | −10.2% | 04-09-2026 | 23-10-2026 | Not yet | -- | −8.5% |
| 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 Index vs ICICI Prudential Nifty Commodities ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Energy Index Fund, September 2026; ICICI Prudential Nifty Commodities ETF, September 2026
Holdings in common
- Overlap
- 44.0%
- Held by both
- 15
- Only in Axis Nifty Energy Index
- 25
- Only in ICICI Prudential Nifty Commodities ETF
- 15
| Security | % of Axis Nifty Energy Index | % of ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Reliance Industries Limited | 9.89% | 9.91% |
| NTPC Limited | 6.10% | 7.39% |
| Coal India Limited | 10.19% | 4.91% |
| Oil & Natural Gas Corporation Limited | 9.27% | 4.23% |
| Adani Power Limited | 3.38% | 4.09% |
| Tata Power Company Limited | 2.40% | 2.91% |
| Bharat Petroleum Corporation Limited | 2.23% | 2.93% |
| Indian Oil Corporation Limited | 1.85% | 2.43% |
| Adani Energy Solutions Limited | 1.71% | 2.07% |
| Adani Green Energy Limited | 1.70% | 2.07% |
| Hindustan Petroleum Corporation Limited | 1.23% | 1.62% |
| JSW Energy Limited | 1.21% | 1.46% |
| Oil India Limited | 2.59% | 1.18% |
| NHPC Limited | 1.09% | 1.32% |
| Torrent Power Limited | 0.94% | 1.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.0% means 44.0% 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 Index Fund
| Security | % of fund |
|---|---|
| GAIL (India) Limited | 4.86% |
| Power Grid Corporation of India Limited | 4.69% |
| Bharat Heavy Electricals Limited | 3.84% |
| CG Power and Industrial Solutions Limited | 3.72% |
| GE Vernova T&D India Limited | 3.31% |
Largest holdings only in ICICI Prudential Nifty Commodities ETF
| Security | % of fund |
|---|---|
| Tata Steel Ltd. | 7.37% |
| Hindalco Industries Ltd. | 6.57% |
| Ultratech Cement Ltd. | 6.25% |
| JSW Steel Ltd. | 5.82% |
| Grasim Industries Ltd. | 5.57% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Energy Index | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.0% |
Market cap of stocks
| Market cap | Axis Nifty Energy Index | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Large Cap | 72.7% | 85.4% |
| Mid Cap | 20.8% | 14.6% |
| Small Cap | 5.5% | 0.0% |
| Not on AMFI's list | 1.1% | 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 Energy Index | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Power | 25.1% | 22.4% |
| Electrical Equipment | 24.9% | 0.0% |
| Petroleum Products | 15.6% | 16.9% |
| Ferrous Metals | 0.0% | 15.2% |
| Cement & Cement Products | 0.0% | 14.4% |
| Gas | 12.4% | 0.0% |
| Oil | 11.9% | 5.4% |
| Consumable Fuels | 10.2% | 4.9% |
| Non - Ferrous Metals | 0.0% | 9.9% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Energy Index vs ICICI Prudential Nifty Commodities ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Energy Index Fund | ICICI Prudential Nifty Commodities ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.79% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.00% |
| Total expense ratio (Regular) | 2.57% | 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 Energy Index Fund vs ICICI Prudential Nifty Commodities ETF: Frequently Asked Questions
What is the difference between Axis Nifty Energy Index Fund and ICICI Prudential Nifty Commodities ETF?
Axis Nifty Energy Index Fund is an Index fund, ICICI Prudential Nifty Commodities ETF is an ETF fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 44.0%. Axis Nifty Energy Index Fund charges 1.79% a year and ICICI Prudential Nifty Commodities ETF 0.35%.
Which has the lower expense ratio, Axis Nifty Energy Index Fund or ICICI Prudential Nifty Commodities ETF?
ICICI Prudential Nifty Commodities ETF charges less: 0.35% a year against 1.79%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty Energy Index Fund and ICICI Prudential Nifty Commodities ETF overlap?
44.0%. They hold 15 of the same securities, the largest shared ones being RELIANCE, NTPC, COALINDIA. From each fund's latest monthly portfolio.
Can I invest in both Axis Nifty Energy Index Fund and ICICI Prudential Nifty Commodities ETF?
Yes. 44.0% 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 Index Fund and ICICI Prudential Nifty Commodities ETF?
Axis Nifty Energy Index Fund: Nandik Mallik, Rohit Gautam. ICICI Prudential Nifty Commodities ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja.
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.