Bharat 22 ETF vs Groww Nifty PSE ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bharat 22 ETF is an ETF fund and Groww Nifty PSE ETF is an ETF fund. Bharat 22 ETF charges 0.07% a year and Groww Nifty PSE ETF 0.56%. Their portfolios overlap 48.3%: they hold 12 of the same securities.
Which is better, Bharat 22 ETF or Groww Nifty PSE ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bharat 22 ETF costs less: 0.07% a year against 0.56%.
- Groww Nifty PSE ETF fell less in its worst fall since 10-02-2026: −17.0% against −17.3%.
- Bharat 22 ETF holds more in large companies: 91.6% of the fund in large caps against 81.5%.
- Bharat 22 ETF is the larger fund: ₹9,531 Cr against ₹17 Cr.
- Their portfolios overlap 48.3%: 12 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 | Bharat 22 ETF | Groww Nifty PSE ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Groww Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹9,531 Cr (30-09-2026) | ₹17 Cr (30-09-2026) |
| NAV | ₹108.99 (Regular) | ₹91.55 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | 0.07% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | BSE Bharat 22 TRI | Nifty PSE TRI |
| Launch date | 24-11-2017 | 09-02-2026 |
| Minimum investment | 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 | ₹500 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | Not available | Nil |
Bharat 22 ETF vs Groww Nifty PSE 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 |
|---|---|---|---|---|---|---|---|
| Bharat 22 ETF (Regular) | −1.16% | −5.79% | −12.31% | −6.66% | +13.88% | +19.37% | -- |
| Groww Nifty PSE ETF | −3.00% | −7.65% | −14.15% | -- | -- | -- | -- |
Bharat 22 ETF vs Groww Nifty PSE ETF: Year-wise Returns
| Year | Bharat 22Bharat 22 ETF | Groww Nifty PSEGroww Nifty PSE ETF |
|---|---|---|
| 2026to date | −7.98% | -- |
| 2025 | +10.02% | -- |
| 2024 | +18.21% | -- |
| 2023 | +59.48% | -- |
| 2022 | +28.39% | -- |
| 2021 | +40.00% | -- |
Bharat 22 ETF vs Groww Nifty PSE ETF: Rolling Returns
Every holding period of both funds, against BSE Bharat 22 Index TRI, the benchmark of Bharat 22 ETF
Bharat 22 ETF vs Groww Nifty PSE ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bharat 22 ETF (Regular) | Groww Nifty PSE ETF |
|---|---|---|
| Return (CAGR) | +12.65% | −16.29% |
| Standard deviation | 19.47% | 14.42% |
| Sharpe ratio | 0.38 | -1.49 |
| Sortino ratio | 0.50 | -1.83 |
| Maximum drawdown | −47.9% (24-03-2020) | −17.0% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.17% | −0.48% |
From daily NAVs, 27-11-2017 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.
Bharat 22 ETF (Regular)
Groww Nifty PSE ETF
BSE Bharat 22 Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bharat 22 ETF (Regular) | −17.3% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.7% |
| Groww Nifty PSE ETF | −17.0% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.2% |
| BSE Bharat 22 Index TRI | −17.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.6% |
From daily values since 10-02-2026, the first day every fund has.
Bharat 22 ETF vs Groww Nifty PSE ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bharat 22 ETF, September 2026; Groww Nifty PSE ETF, September 2026
Holdings in common
- Overlap
- 48.3%
- Held by both
- 12
- Only in Bharat 22 ETF
- 10
- Only in Groww Nifty PSE ETF
- 8
| Security | % of Bharat 22 ETF | % of Groww Nifty PSE ETF |
|---|---|---|
| NTPC Ltd. | 9.64% | 12.86% |
| Power Grid Corporation Of India Ltd. | 7.48% | 9.89% |
| Coal India Ltd. | 5.81% | 8.54% |
| Oil & Natural Gas Corporation Ltd. | 5.27% | 7.35% |
| Bharat Electronics Ltd. | 4.96% | 11.66% |
| Bharat Petroleum Corporation Ltd. | 3.55% | 5.10% |
| Indian Oil Corporation Ltd. | 2.96% | 4.23% |
| GAIL (India) Ltd. | 2.77% | 3.86% |
| National Aluminium Company Ltd. | 4.78% | 2.56% |
| NHPC Ltd. | 1.43% | 2.30% |
| Power Finance Corporation Ltd. | 1.05% | 3.97% |
| Rural Electrification Corporation Ltd. | 0.82% | 3.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.3% means 48.3% 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 Bharat 22 ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 15.59% |
| ITC Ltd. | 14.23% |
| State Bank Of India | 8.87% |
| Axis Bank Ltd. | 7.79% |
| Bank Of Baroda | 0.96% |
Largest holdings only in Groww Nifty PSE ETF
| Security | % of fund |
|---|---|
| Hindustan Aeronautics Limited | 7.42% |
| Bharat Heavy Electricals Limited | 5.08% |
| Hindustan Petroleum Corporation Limited | 2.82% |
| NMDC Limited | 2.22% |
| Steel Authority of India Limited | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bharat 22 ETF | Groww Nifty PSE ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.0% |
Market cap of stocks
| Market cap | Bharat 22 ETF | Groww Nifty PSE ETF |
|---|---|---|
| Large Cap | 91.6% | 81.5% |
| Mid Cap | 7.6% | 18.6% |
| Small Cap | 0.8% | 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 | Bharat 22 ETF | Groww Nifty PSE ETF |
|---|---|---|
| Power | 19.4% | 25.1% |
| Aerospace & Defense | 5.0% | 19.1% |
| Banks | 18.3% | 0.0% |
| Construction | 16.2% | 0.0% |
| Diversified Fmcg | 14.2% | 0.0% |
| Petroleum Products | 6.5% | 12.2% |
| Oil | 5.3% | 9.4% |
| Finance | 1.9% | 8.6% |
| Consumable Fuels | 5.8% | 8.5% |
The six largest sectors of each fund's stocks, % of the fund.
Bharat 22 ETF vs Groww Nifty PSE ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bharat 22 ETF | Groww Nifty PSE ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.00% | 0.45% |
| Total expense ratio (Regular) | 0.07% | Not available |
| Base expense ratio (Regular) | 0.06% | 0.00% |
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.
Bharat 22 ETF vs Groww Nifty PSE ETF: Frequently Asked Questions
What is the difference between Bharat 22 ETF and Groww Nifty PSE ETF?
Bharat 22 ETF is an ETF fund, Groww Nifty PSE ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Groww Mutual Fund. Their portfolios overlap 48.3%. Bharat 22 ETF charges 0.07% a year and Groww Nifty PSE ETF 0.56%.
Which has the lower expense ratio, Bharat 22 ETF or Groww Nifty PSE ETF?
Bharat 22 ETF charges less: 0.07% a year against 0.56%. These are the total expense ratios reported to AMFI.
How much do Bharat 22 ETF and Groww Nifty PSE ETF overlap?
48.3%. They hold 12 of the same securities, the largest shared ones being NTPC, POWERGRID, COALINDIA. From each fund's latest monthly portfolio.
Can I invest in both Bharat 22 ETF and Groww Nifty PSE ETF?
Yes. 48.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bharat 22 ETF and Groww Nifty PSE ETF?
Bharat 22 ETF: Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja. Groww Nifty PSE ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar.
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.