DSP BSE Insurance ETF vs ICICI Prudential India Opportunities 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 India Opportunities Fund is a Thematic fund. DSP BSE Insurance ETF charges 45.44% a year and ICICI Prudential India Opportunities Fund 0.92%. Their portfolios overlap 13.0%: they hold 5 of the same securities.
ICICI Prudential India Opportunities Fund
Thematic
- Expense ratio
- 0.92%
- NAV
- ₹38.02
Which is better, DSP BSE Insurance ETF or ICICI Prudential India Opportunities? 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 India Opportunities costs less: 0.92% a year against 45.44%.
- ICICI Prudential India Opportunities fell less in its worst fall since 30-09-2026: −3.6% against −5.3%.
- ICICI Prudential India Opportunities holds more in large companies: 69.0% of the fund in large caps against 56.4%.
- ICICI Prudential India Opportunities is the larger fund: ₹36,469 Cr against ₹10 Cr.
- Their portfolios overlap 13.0%: 5 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 India Opportunities Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹10 Cr (30-09-2026) | ₹36,469 Cr (30-09-2026) |
| NAV | ₹13.99 | ₹38.02 (Direct) |
| Expense ratio (Direct) | Not available | 0.92% |
| Expense ratio (Regular) | Not available | 1.72% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Insurance Index (TRI) | Nifty 500 TRI |
| Launch date | 30-09-2026 | 15-01-2019 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Sankaran Naren, Roshan Chutkey, Divya Jain |
| Exit load | Nil | 1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 12 months from allotment. Nil If the amount sought to be redeemed or switched out more than 12 months. |
DSP BSE Insurance ETF vs ICICI Prudential India Opportunities: 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 India Opportunities Fund (Direct) | −0.05% | −5.45% | −2.66% | −6.35% | +13.39% | +15.93% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
DSP BSE Insurance ETF vs ICICI Prudential India Opportunities: Year-wise Returns
| Year | DSP BSE Insurance ETFDSP BSE Insurance ETF | ICICI Prudential India OpportunitiesICICI Prudential India Opportunities |
|---|---|---|
| 2026to date | -- | −7.96% |
| 2025 | -- | +14.05% |
| 2024 | -- | +22.78% |
| 2023 | -- | +37.72% |
| 2022 | -- | +21.09% |
| 2021 | -- | +51.33% |
DSP BSE Insurance ETF vs ICICI Prudential India Opportunities: 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 India Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Insurance ETF, September 2026; ICICI Prudential India Opportunities Fund, September 2026
Holdings in common
- Overlap
- 13.0%
- Held by both
- 5
- Only in DSP BSE Insurance ETF
- 8
- Only in ICICI Prudential India Opportunities
- 67
| Security | % of DSP BSE Insurance ETF | % of ICICI Prudential India Opportunities |
|---|---|---|
| Life Insurance Corporation Of India | 16.58% | 4.22% |
| SBI Life Insurance Co Limited | 23.09% | 3.02% |
| ICICI Lombard General Insurance Co Limited | 11.72% | 2.60% |
| HDFC Life Insurance Co Limited | 16.72% | 2.47% |
| ICICI Prudential Life Insurance Co Limited | 5.25% | 0.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.0% means 13.0% 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 |
|---|---|
| Max Financial Services Limited | 10.93% |
| General Insurance Corporation Of India | 4.05% |
| Star Health And Allied Insurance Co Limited | 3.80% |
| Go Digit General Insurance Limited | 1.96% |
| Canara HSBC Life Insurance Co Limited | 1.63% |
Largest holdings only in ICICI Prudential India Opportunities Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 9.00% |
| ICICI Bank Ltd. | 5.61% |
| Axis Bank Ltd. | 5.12% |
| Infosys Ltd. | 4.51% |
| Reliance Industries Ltd. | 3.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP BSE Insurance ETF | ICICI Prudential India Opportunities |
|---|---|---|
| Equity | 99.0% | 95.9% |
| Debt | 0.0% | 0.9% |
| Cash and others | 1.0% | 3.2% |
Market cap of stocks
| Market cap | DSP BSE Insurance ETF | ICICI Prudential India Opportunities |
|---|---|---|
| Large Cap | 56.4% | 69.0% |
| Mid Cap | 31.9% | 17.1% |
| Small Cap | 10.7% | 9.8% |
| Not on AMFI's list | 0.0% | 0.1% |
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 India Opportunities |
|---|---|---|
| Insurance | 99.0% | 13.0% |
| Banks | 0.0% | 22.2% |
| Retailing | 0.0% | 7.0% |
| It - Software | 0.0% | 6.7% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.2% |
| Petroleum Products | 0.0% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE Insurance ETF vs ICICI Prudential India Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Insurance ETF | ICICI Prudential India Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.92% |
| Base expense ratio (Direct) | 0.25% | 0.62% |
| Total expense ratio (Regular) | Not available | 1.72% |
| Base expense ratio (Regular) | 0.00% | 1.31% |
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.
More comparisons
Each fund against the others of its category
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DSP BSE Insurance ETF vs ICICI Prudential India Opportunities Fund: Frequently Asked Questions
What is the difference between DSP BSE Insurance ETF and ICICI Prudential India Opportunities Fund?
DSP BSE Insurance ETF is an ETF fund, ICICI Prudential India Opportunities Fund is a Thematic fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 13.0%. DSP BSE Insurance ETF charges 45.44% a year and ICICI Prudential India Opportunities Fund 0.92%.
Which has the lower expense ratio, DSP BSE Insurance ETF or ICICI Prudential India Opportunities Fund?
ICICI Prudential India Opportunities Fund charges less: 0.92% a year against 45.44%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Insurance ETF and ICICI Prudential India Opportunities Fund overlap?
13.0%. They hold 5 of the same securities, the largest shared ones being LICI, SBILIFE, ICICIGI. From each fund's latest monthly portfolio.
Can I invest in both DSP BSE Insurance ETF and ICICI Prudential India Opportunities Fund?
Yes. 13.0% 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 India Opportunities Fund?
DSP BSE Insurance ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. ICICI Prudential India Opportunities Fund: Sankaran Naren, Roshan Chutkey, Divya Jain.
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.