Axis Nifty Energy Index Fund vs ICICI Prudential Nifty Oil & Gas 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 Oil & Gas ETF is an ETF fund. Axis Nifty Energy Index Fund charges 1.79% a year and ICICI Prudential Nifty Oil & Gas ETF 0.42%. Their portfolios overlap 39.8%: they hold 13 of the same securities.
ICICI Prudential Nifty Oil & Gas ETF
ETF
- Expense ratio
- 0.42%
- NAV
- ₹10.47
Which is better, Axis Nifty Energy Index or ICICI Prudential Nifty Oil & Gas 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 Oil & Gas ETF costs less: 0.42% a year against 1.79%.
- ICICI Prudential Nifty Oil & Gas ETF fell less in its worst fall since 02-09-2026: −8.0% against −9.9%.
- ICICI Prudential Nifty Oil & Gas ETF is the larger fund: ₹278 Cr against ₹89 Cr.
- Their portfolios overlap 39.8%: 13 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 Oil & Gas ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹89 Cr (30-09-2026) | ₹278 Cr (30-09-2026) |
| NAV | ₹9.20 (Direct) | ₹10.47 |
| Expense ratio (Direct) | 1.79% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Energy TRI | Nifty Oil & Gas TRI |
| Launch date | 27-08-2026 | 19-07-2024 |
| Minimum investment | ₹100 | During Ongoing/Continuous Offer: On Stock Exchange(s): Investor can buy / sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Eligible Investors can buy/sell units of the Scheme in Creation Unit Size vi |
| 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 Oil & Gas 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 Oil & Gas ETF | −2.92% | −7.27% | −11.69% | −13.68% | -- | -- | -- |
Axis Nifty Energy Index vs ICICI Prudential Nifty Oil & Gas ETF: Year-wise Returns
| Year | Axis Nifty Energy IndexAxis Nifty Energy Index | ICICI Prudential Nifty Oil & Gas ETFICICI Prudential Nifty Oil & Gas ETF |
|---|---|---|
| 2026to date | -- | −15.46% |
| 2025 | -- | +14.81% |
Axis Nifty Energy Index vs ICICI Prudential Nifty Oil & Gas 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 Oil & Gas 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 Oil & Gas ETF |
|---|---|---|
| Return (CAGR) | −40.55% | −8.05% |
| Standard deviation | 15.31% | 17.42% |
| Sharpe ratio | -2.99 | -0.79 |
| Sortino ratio | -3.31 | -1.08 |
| Maximum drawdown | −9.9% (23-10-2026) | −29.1% (03-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.36% |
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 Oil & Gas 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 Oil & Gas ETF | −8.0% | 04-09-2026 | 12-10-2026 | Not yet | -- | −7.9% |
| 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 Oil & Gas ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Energy Index Fund, September 2026; ICICI Prudential Nifty Oil & Gas ETF, September 2026
Holdings in common
- Overlap
- 39.8%
- Held by both
- 13
- Only in Axis Nifty Energy Index
- 27
- Only in ICICI Prudential Nifty Oil & Gas ETF
- 2
| Security | % of Axis Nifty Energy Index | % of ICICI Prudential Nifty Oil & Gas ETF |
|---|---|---|
| Reliance Industries Limited | 9.89% | 32.68% |
| Oil & Natural Gas Corporation Limited | 9.27% | 14.93% |
| GAIL (India) Limited | 4.86% | 7.83% |
| Oil India Limited | 2.59% | 4.16% |
| Petronet LNG Limited | 2.25% | 3.63% |
| Bharat Petroleum Corporation Limited | 2.23% | 10.36% |
| Indian Oil Corporation Limited | 1.85% | 8.58% |
| Aegis Logistics Limited | 1.83% | 2.95% |
| Adani Total Gas Limited | 1.74% | 2.80% |
| Hindustan Petroleum Corporation Limited | 1.23% | 5.73% |
| Indraprastha Gas Limited | 1.08% | 1.74% |
| Mahanagar Gas Limited | 0.64% | 1.03% |
| Castrol India Limited | 0.35% | 1.62% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.8% means 39.8% 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 |
|---|---|
| Coal India Limited | 10.19% |
| NTPC Limited | 6.10% |
| Power Grid Corporation of India Limited | 4.69% |
| Bharat Heavy Electricals Limited | 3.84% |
| CG Power and Industrial Solutions Limited | 3.72% |
Largest holdings only in ICICI Prudential Nifty Oil & Gas ETF
| Security | % of fund |
|---|---|
| Chennai Petroleum Corporation Ltd. | 1.18% |
| Aegis Vopak Terminals Ltd | 0.73% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Energy Index | ICICI Prudential Nifty Oil & Gas ETF |
|---|---|---|
| Equity | 100.1% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.1% |
Market cap of stocks
| Market cap | Axis Nifty Energy Index | ICICI Prudential Nifty Oil & Gas ETF |
|---|---|---|
| Large Cap | 72.7% | 74.4% |
| Mid Cap | 20.8% | 16.3% |
| Small Cap | 5.5% | 9.2% |
| 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 Oil & Gas ETF |
|---|---|---|
| Petroleum Products | 15.6% | 60.1% |
| Power | 25.1% | 0.0% |
| Electrical Equipment | 24.9% | 0.0% |
| Gas | 12.4% | 20.0% |
| Oil | 11.9% | 19.8% |
| Consumable Fuels | 10.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Energy Index vs ICICI Prudential Nifty Oil & Gas ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Energy Index Fund | ICICI Prudential Nifty Oil & Gas 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% | 0.34% |
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 Oil & Gas ETF: Frequently Asked Questions
What is the difference between Axis Nifty Energy Index Fund and ICICI Prudential Nifty Oil & Gas ETF?
Axis Nifty Energy Index Fund is an Index fund, ICICI Prudential Nifty Oil & Gas ETF is an ETF fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 39.8%. Axis Nifty Energy Index Fund charges 1.79% a year and ICICI Prudential Nifty Oil & Gas ETF 0.42%.
Which has the lower expense ratio, Axis Nifty Energy Index Fund or ICICI Prudential Nifty Oil & Gas ETF?
ICICI Prudential Nifty Oil & Gas ETF charges less: 0.42% 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 Oil & Gas ETF overlap?
39.8%. They hold 13 of the same securities, the largest shared ones being RELIANCE, ONGC, GAIL. From each fund's latest monthly portfolio.
Can I invest in both Axis Nifty Energy Index Fund and ICICI Prudential Nifty Oil & Gas ETF?
Yes. 39.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Nifty Energy Index Fund and ICICI Prudential Nifty Oil & Gas ETF?
Axis Nifty Energy Index Fund: Nandik Mallik, Rohit Gautam. ICICI Prudential Nifty Oil & Gas 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.