DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP BSE Insurance ETF is an ETF fund and ICICI Prudential Banking & Financial Services Fund is a Thematic fund. DSP BSE Insurance ETF charges 45.44% a year and ICICI Prudential Banking & Financial Services Fund 1.25%. Their portfolios overlap 15.0%: they hold 11 of the same securities.
ICICI Prudential Banking & Financial Services Fund
Thematic
- Expense ratio
- 1.25%
- NAV
- ₹141.65
Which is better, DSP BSE Insurance ETF or ICICI Prudential Banking & Financial Services? 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 Banking & Financial Services costs less: 1.25% a year against 45.44%.
- ICICI Prudential Banking & Financial Services fell less in its worst fall since 30-09-2026: −3.8% against −5.3%.
- ICICI Prudential Banking & Financial Services is the larger fund: ₹10,774 Cr against ₹10 Cr.
- Their portfolios overlap 15.0%: 11 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 | DSP BSE Insurance ETF | ICICI Prudential Banking & Financial Services Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹10 Cr (30-09-2026) | ₹10,774 Cr (30-09-2026) |
| NAV | ₹13.99 | ₹141.65 (Direct) |
| Expense ratio (Direct) | Not available | 1.25% |
| Expense ratio (Regular) | Not available | 1.95% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Insurance Index (TRI) | Nifty Financial Services TRI |
| Launch date | 30-09-2026 | 22-08-2008 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Antariksha Banerjee, Sharmila D'silva |
| Exit load | Nil | 1% of applicable Net Asset Value - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment. |
DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services: 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 |
|---|---|---|---|---|---|---|---|
| DSP BSE Insurance ETF | −3.35% | -- | -- | -- | -- | -- | -- |
| ICICI Prudential Banking & Financial Services Fund (Direct) | −0.69% | −4.32% | −1.84% | −9.07% | +9.15% | +8.04% | +11.30% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services: Year-wise Returns
| Year | DSP BSE Insurance ETFDSP BSE Insurance ETF | ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services |
|---|---|---|
| 2026to date | -- | −9.60% |
| 2025 | -- | +16.78% |
| 2024 | -- | +12.52% |
| 2023 | -- | +18.86% |
| 2022 | -- | +12.95% |
| 2021 | -- | +24.45% |
DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services: Rolling Returns
Every holding period of both funds, against BSE Insurance TRI, the benchmark of DSP BSE Insurance ETF
DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Insurance ETF, September 2026; ICICI Prudential Banking & Financial Services Fund, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 11
- Only in DSP BSE Insurance ETF
- 2
- Only in ICICI Prudential Banking & Financial Services
- 45
| Security | % of DSP BSE Insurance ETF | % of ICICI Prudential Banking & Financial Services |
|---|---|---|
| SBI Life Insurance Co Limited | 23.09% | 3.15% |
| ICICI Lombard General Insurance Co Limited | 11.72% | 2.77% |
| HDFC Life Insurance Co Limited | 16.72% | 2.63% |
| Max Financial Services Limited | 10.93% | 1.57% |
| Life Insurance Corporation Of India | 16.58% | 1.43% |
| Go Digit General Insurance Limited | 1.96% | 1.30% |
| ICICI Prudential Life Insurance Co Limited | 5.25% | 0.66% |
| Medi Assist Healthcare Services Limited | 0.65% | 0.79% |
| Star Health And Allied Insurance Co Limited | 3.80% | 0.47% |
| General Insurance Corporation Of India | 4.05% | 0.29% |
| Canara HSBC Life Insurance Co Limited | 1.63% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 DSP BSE Insurance ETF
| Security | % of fund |
|---|---|
| Niva Bupa Health Insurance Co Limited | 1.42% |
| The New India Assurance Co Limited | 1.25% |
Largest holdings only in ICICI Prudential Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 13.84% |
| ICICI Bank Ltd. | 13.46% |
| Kotak Mahindra Bank Ltd. | 9.36% |
| Axis Bank Ltd. | 8.88% |
| State Bank Of India | 5.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP BSE Insurance ETF | ICICI Prudential Banking & Financial Services |
|---|---|---|
| Equity | 99.0% | 97.1% |
| Debt | 0.0% | 1.5% |
| Cash and others | 1.0% | 1.4% |
Market cap of stocks
| Market cap | DSP BSE Insurance ETF | ICICI Prudential Banking & Financial Services |
|---|---|---|
| Large Cap | 56.4% | 65.2% |
| Mid Cap | 31.9% | 12.5% |
| Small Cap | 10.7% | 18.4% |
| Not on AMFI's list | 0.0% | 1.0% |
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 | DSP BSE Insurance ETF | ICICI Prudential Banking & Financial Services |
|---|---|---|
| Insurance | 99.0% | 15.1% |
| Banks | 0.0% | 52.1% |
| Finance | 0.0% | 21.9% |
| Capital Markets | 0.0% | 7.8% |
| Commercial Services & Supplies | 0.0% | 0.2% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Insurance ETF | ICICI Prudential Banking & Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.25% |
| Base expense ratio (Direct) | 0.25% | 0.89% |
| Total expense ratio (Regular) | Not available | 1.95% |
| Base expense ratio (Regular) | 0.00% | 1.49% |
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.
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DSP BSE Insurance ETF vs ICICI Prudential Banking & Financial Services Fund: Frequently Asked Questions
What is the difference between DSP BSE Insurance ETF and ICICI Prudential Banking & Financial Services Fund?
DSP BSE Insurance ETF is an ETF fund, ICICI Prudential Banking & Financial Services Fund is a Thematic fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 15.0%. DSP BSE Insurance ETF charges 45.44% a year and ICICI Prudential Banking & Financial Services Fund 1.25%.
Which has the lower expense ratio, DSP BSE Insurance ETF or ICICI Prudential Banking & Financial Services Fund?
ICICI Prudential Banking & Financial Services Fund charges less: 1.25% a year against 45.44%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Insurance ETF and ICICI Prudential Banking & Financial Services Fund overlap?
15.0%. They hold 11 of the same securities, the largest shared ones being SBILIFE, ICICIGI, HDFCLIFE. From each fund's latest monthly portfolio.
Can I invest in both DSP BSE Insurance ETF and ICICI Prudential Banking & Financial Services Fund?
Yes. 15.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP BSE Insurance ETF and ICICI Prudential Banking & Financial Services Fund?
DSP BSE Insurance ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. ICICI Prudential Banking & Financial Services Fund: Antariksha Banerjee, Sharmila D'silva.
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.