Axis Nifty500 Value 50 Index Fund vs ICICI Prudential Nifty200 Value 30 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty500 Value 50 Index Fund is an Index fund and ICICI Prudential Nifty200 Value 30 ETF is an ETF fund. In the year to 30-10-2026, Axis Nifty500 Value 50 Index Fund (Direct) returned −2.3% and ICICI Prudential Nifty200 Value 30 ETF returned −1.6%. Axis Nifty500 Value 50 Index Fund charges 0.39% a year and ICICI Prudential Nifty200 Value 30 ETF 0.38%. Their portfolios overlap 76.1%: they hold 28 of the same securities.
Axis Nifty500 Value 50 Index Fund
Index
- 1 year return
- −2.3%
- Expense ratio
- 0.39%
- NAV
- ₹10.51
ICICI Prudential Nifty200 Value 30 ETF
ETF
- 1 year return
- −1.6%
- Expense ratio
- 0.38%
- NAV
- ₹14.10
Which is better, Axis Nifty500 Value 50 Index or ICICI Prudential Nifty200 Value 30 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 Nifty200 Value 30 ETF returned more over 1 year: −1.6% against −2.3%.
- ICICI Prudential Nifty200 Value 30 ETF costs less: 0.38% a year against 0.39%.
- ICICI Prudential Nifty200 Value 30 ETF fell less in its worst fall since 30-10-2024: −18.0% against −18.1%.
- ICICI Prudential Nifty200 Value 30 ETF holds more in large companies: 81.5% of the fund in large caps against 65.2%.
- Axis Nifty500 Value 50 Index is the larger fund: ₹234 Cr against ₹46 Cr.
- Their portfolios overlap 76.1%: 28 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 Nifty500 Value 50 Index Fund | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹234 Cr (30-09-2026) | ₹46 Cr (30-09-2026) |
| NAV | ₹10.51 (Direct) | ₹14.10 |
| Expense ratio (Direct) | 0.39% | Not available |
| Expense ratio (Regular) | 1.24% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY500 Value 50 TRI | Nifty200 Value 30 TRI |
| Launch date | 24-10-2024 | 17-10-2024 |
| Minimum investment | ₹100 | 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 viz. 3,50,000 units and in multiple |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | NIL | NIL |
Axis Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 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 Nifty500 Value 50 Index Fund (Direct) | −3.65% | −8.37% | −10.88% | −2.28% | -- | -- | -- |
| ICICI Prudential Nifty200 Value 30 ETF | −2.40% | −8.24% | −10.75% | −1.63% | -- | -- | -- |
Axis Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 ETF: Year-wise Returns
| Year | Axis Nifty500 Value 50 IndexAxis Nifty500 Value 50 Index | ICICI Prudential Nifty200 Value 30 ETFICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| 2026to date | −4.54% | −5.52% |
| 2025 | +16.62% | +19.99% |
Axis Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 ETF: Rolling Returns
Every holding period of both funds, against NIFTY500 Value 50 TRI, the benchmark of Axis Nifty500 Value 50 Index Fund
Rolling returns
Every 1-year holding period, 250 of them, one for each trading day from 30-10-2025 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 Nifty500 Value 50 Index Fund (Direct)
ICICI Prudential Nifty200 Value 30 ETF
NIFTY500 Value 50 TRI
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 Nifty500 Value 50 Index | 1.6 | 10.0 | 10.8 | 19.2 | 20.4 | 18.4 | 19.6 | 17.1% | 16.8% | −2.3% | 41.7% | 0% |
| ICICI Prudential Nifty200 Value 30 ETF | 1.2 | 6.5 | 7.3 | 15.0 | 24.7 | 20.2 | 25.1 | 19.4% | 18.9% | −1.6% | 45.8% | 98% |
| NIFTY500 Value 50 TRI | 1.6 | 9.2 | 10.8 | 18.0 | 21.6 | 18.0 | 20.8 | 17.4% | 17.1% | −2.0% | 42.2% | -- |
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 NIFTY500 Value 50 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 30-10-2024. Past returns do not promise future returns.
Axis Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 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 30-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty500 Value 50 IndexAxis Nifty500 Value 50 Index Fund (Direct) | ₹2,50,000 | ₹2,54,315 | ₹4,315 | 1.6% |
| ICICI Prudential Nifty200 Value 30 ETFICICI Prudential Nifty200 Value 30 ETF | ₹2,50,000 | ₹2,56,486 | ₹6,486 | 2.4% |
Axis Nifty500 Value 50 IndexAxis Nifty500 Value 50 Index Fund (Direct)
ICICI Prudential Nifty200 Value 30 ETFICICI Prudential Nifty200 Value 30 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 Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty500 Value 50 Index Fund (Direct) | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Return (CAGR) | −2.28% | −1.63% |
| Standard deviation | 15.78% | 16.86% |
| Sharpe ratio | -0.48 | -0.41 |
| Sortino ratio | -0.63 | -0.54 |
| Maximum drawdown | −14.1% (23-10-2026) | −16.1% (23-10-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.34% | −0.48% |
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 Nifty500 Value 50 Index Fund (Direct) | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Return (CAGR) | +2.39% | +1.12% |
| Standard deviation | 17.20% | 18.11% |
| Sharpe ratio | -0.19 | -0.25 |
| Sortino ratio | -0.25 | -0.34 |
| Maximum drawdown | −18.1% (28-02-2025) | −19.6% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.27% | −0.38% |
From daily NAVs, 30-10-2024 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 Nifty500 Value 50 Index Fund (Direct)
ICICI Prudential Nifty200 Value 30 ETF
NIFTY500 Value 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty500 Value 50 Index Fund (Direct) | −18.1% | 11-12-2024 | 28-02-2025 | 03-10-2025 | 7 months | −12.9% |
| ICICI Prudential Nifty200 Value 30 ETF | −18.0% | 11-12-2024 | 28-02-2025 | 03-10-2025 | 7 months | −14.8% |
| NIFTY500 Value 50 TRI | −18.1% | 11-12-2024 | 28-02-2025 | 03-10-2025 | 7 months | −12.8% |
From daily values since 30-10-2024, 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 Nifty500 Value 50 Index Fund (Direct)
ICICI Prudential Nifty200 Value 30 ETF
NIFTY500 Value 50 TRI
Against NIFTY500 Value 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty500 Value 50 Index Fund (Direct) | 99% | 100% | 0.18% |
| ICICI Prudential Nifty200 Value 30 ETF | 107% | 103% | 2.96% |
From month-end values since 30-10-2024. 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 Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty500 Value 50 Index Fund, September 2026; ICICI Prudential Nifty200 Value 30 ETF, September 2026
Holdings in common
- Overlap
- 76.1%
- Held by both
- 28
- Only in Axis Nifty500 Value 50 Index
- 22
- Only in ICICI Prudential Nifty200 Value 30 ETF
- 2
| Security | % of Axis Nifty500 Value 50 Index | % of ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Coal India Limited | 5.19% | 5.24% |
| Oil & Natural Gas Corporation Limited | 5.08% | 5.13% |
| State Bank of India | 5.00% | 5.05% |
| NTPC Limited | 4.88% | 4.92% |
| Hindalco Industries Limited | 5.20% | 4.85% |
| Power Grid Corporation of India Limited | 4.83% | 4.48% |
| Tata Motors Passenger Vehicles Limited | 4.37% | 4.42% |
| Bharat Petroleum Corporation Limited | 4.27% | 5.23% |
| Grasim Industries Limited | 5.28% | 4.21% |
| Vedanta Limited | 4.95% | 4.20% |
| Indian Oil Corporation Limited | 3.63% | 4.72% |
| Hindustan Petroleum Corporation Limited | 2.48% | 3.20% |
| Power Finance Corporation Limited | 2.48% | 4.01% |
| GAIL (India) Limited | 2.29% | 3.01% |
| Bank of Baroda | 1.94% | 3.13% |
| REC Limited | 1.90% | 3.08% |
| Canara Bank | 1.77% | 2.85% |
| Punjab National Bank | 1.76% | 2.82% |
| IndusInd Bank Limited | 1.74% | 2.78% |
| The Federal Bank Limited | 1.54% | 2.47% |
| Union Bank of India | 1.37% | 2.20% |
| NMDC Limited | 1.88% | 1.13% |
| UPL Limited | 1.82% | 1.06% |
| Steel Authority of India Limited | 1.73% | 1.01% |
| Oil India Limited | 0.94% | 1.24% |
| Indian Bank | 0.92% | 1.48% |
| Bank of India | 0.82% | 1.31% |
| LIC Housing Finance Limited | 0.77% | 1.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 76.1% means 76.1% 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 Nifty500 Value 50 Index Fund
| Security | % of fund |
|---|---|
| Redington Limited | 3.25% |
| Aster DM Quality Care Limited | 2.37% |
| National Aluminium Company Limited | 1.64% |
| The Great Eastern Shipping Company Limited | 1.34% |
| Petronet LNG Limited | 0.93% |
Largest holdings only in ICICI Prudential Nifty200 Value 30 ETF
| Security | % of fund |
|---|---|
| ITC Ltd. | 4.93% |
| Tata Steel Ltd. | 4.57% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty500 Value 50 Index | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Equity | 100.2% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | 0.0% |
Market cap of stocks
| Market cap | Axis Nifty500 Value 50 Index | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Large Cap | 65.2% | 81.5% |
| Mid Cap | 20.2% | 17.3% |
| Small Cap | 14.7% | 1.2% |
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 Nifty500 Value 50 Index | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Banks | 18.7% | 24.1% |
| Petroleum Products | 10.7% | 13.2% |
| Power | 11.7% | 9.4% |
| Finance | 5.7% | 8.3% |
| Non - Ferrous Metals | 6.8% | 4.8% |
| Oil | 6.0% | 6.4% |
| Ferrous Metals | 1.7% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty500 Value 50 Index vs ICICI Prudential Nifty200 Value 30 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty500 Value 50 Index Fund | ICICI Prudential Nifty200 Value 30 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | Not available |
| Base expense ratio (Direct) | 0.16% | 0.00% |
| Total expense ratio (Regular) | 1.24% | 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 Nifty500 Value 50 Index Fund vs ICICI Prudential Nifty200 Value 30 ETF: Frequently Asked Questions
What is the difference between Axis Nifty500 Value 50 Index Fund and ICICI Prudential Nifty200 Value 30 ETF?
Axis Nifty500 Value 50 Index Fund is an Index fund, ICICI Prudential Nifty200 Value 30 ETF is an ETF fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 76.1%. Axis Nifty500 Value 50 Index Fund charges 0.39% a year and ICICI Prudential Nifty200 Value 30 ETF 0.38%.
Which has given higher returns, Axis Nifty500 Value 50 Index Fund or ICICI Prudential Nifty200 Value 30 ETF?
Over 1 year: Axis Nifty500 Value 50 Index Fund −2.28%, ICICI Prudential Nifty200 Value 30 ETF −1.63%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty500 Value 50 Index Fund or ICICI Prudential Nifty200 Value 30 ETF?
ICICI Prudential Nifty200 Value 30 ETF charges less: 0.38% a year against 0.39%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty500 Value 50 Index Fund and ICICI Prudential Nifty200 Value 30 ETF overlap?
76.1%. They hold 28 of the same securities, the largest shared ones being COALINDIA, ONGC, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty500 Value 50 Index Fund or ICICI Prudential Nifty200 Value 30 ETF?
On SEBI's riskometer, Axis Nifty500 Value 50 Index Fund is rated Very High and ICICI Prudential Nifty200 Value 30 ETF Very High. Over 1 years, the standard deviation of daily returns was 15.78% and 16.86% a year.
Can I invest in both Axis Nifty500 Value 50 Index Fund and ICICI Prudential Nifty200 Value 30 ETF?
Yes. 76.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty500 Value 50 Index Fund and ICICI Prudential Nifty200 Value 30 ETF?
Axis Nifty500 Value 50 Index Fund: Nandik Malik, Rohit Gautam. ICICI Prudential Nifty200 Value 30 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.