DSP BSE Insurance ETF vs ICICI Prudential Nifty Financial Services Ex-Bank ETF
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 Nifty Financial Services Ex-Bank ETF is an ETF fund. DSP BSE Insurance ETF charges 45.44% a year and ICICI Prudential Nifty Financial Services Ex-Bank ETF 0.21%. Their portfolios overlap 16.6%: they hold 6 of the same securities.
ICICI Prudential Nifty Financial Services Ex-Bank ETF
ETF
- Expense ratio
- 0.21%
- NAV
- ₹29.21
Which is better, DSP BSE Insurance ETF or ICICI Prudential Nifty Financial Services Ex-Bank 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 Financial Services Ex-Bank ETF costs less: 0.21% a year against 45.44%.
- DSP BSE Insurance ETF fell less in its worst fall since 30-09-2026: −5.3% against −6.5%.
- ICICI Prudential Nifty Financial Services Ex-Bank ETF holds more in large companies: 68.7% of the fund in large caps against 56.4%.
- ICICI Prudential Nifty Financial Services Ex-Bank ETF is the larger fund: ₹198 Cr against ₹10 Cr.
- Their portfolios overlap 16.6%: 6 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 Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹10 Cr (30-09-2026) | ₹198 Cr (30-09-2026) |
| NAV | ₹13.99 | ₹29.21 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE Insurance Index (TRI) | Nifty Financial Services Ex-Bank TRI |
| Launch date | 30-09-2026 | 25-11-2022 |
| Minimum investment | ₹5,000 | 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 |
| Lock in | None | None |
| Fund managers | Anil Ghelani, Diipesh Shah, Neha Rathi | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | Nil | Not available |
DSP BSE Insurance ETF vs ICICI Prudential Nifty Financial Services Ex-Bank 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 |
|---|---|---|---|---|---|---|---|
| DSP BSE Insurance ETF | −3.35% | -- | -- | -- | -- | -- | -- |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF | −3.14% | −10.30% | −7.18% | −8.58% | +13.01% | -- | -- |
DSP BSE Insurance ETF vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Year-wise Returns
| Year | DSP BSE InsuranceDSP BSE Insurance ETF | ICICI Prudential Nifty Financial Services Ex-BankICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| 2026to date | -- | −10.25% |
| 2025 | -- | +27.84% |
| 2024 | -- | +13.95% |
| 2023 | -- | +32.46% |
DSP BSE Insurance ETF vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: 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 Nifty Financial Services Ex-Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP BSE Insurance ETF, September 2026; ICICI Prudential Nifty Financial Services Ex-Bank ETF, September 2026
Holdings in common
- Overlap
- 16.6%
- Held by both
- 6
- Only in DSP BSE Insurance ETF
- 7
- Only in ICICI Prudential Nifty Financial Services Ex-Bank ETF
- 24
| Security | % of DSP BSE Insurance ETF | % of ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| SBI Life Insurance Co Limited | 23.09% | 4.60% |
| HDFC Life Insurance Co Limited | 16.72% | 3.39% |
| Life Insurance Corporation Of India | 16.58% | 3.03% |
| ICICI Lombard General Insurance Co Limited | 11.72% | 2.34% |
| Max Financial Services Limited | 10.93% | 2.20% |
| ICICI Prudential Life Insurance Co Limited | 5.25% | 1.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.6% means 16.6% 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 |
|---|---|
| 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% |
| Niva Bupa Health Insurance Co Limited | 1.42% |
Largest holdings only in ICICI Prudential Nifty Financial Services Ex-Bank ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 15.81% |
| Shriram Finance Ltd. | 8.31% |
| BSE Ltd. | 7.63% |
| Bajaj Finserv Ltd. | 6.08% |
| Multi Commodity Exchange Of India Ltd. | 5.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP BSE Insurance ETF | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Equity | 99.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 0.0% |
Market cap of stocks
| Market cap | DSP BSE Insurance ETF | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Large Cap | 56.4% | 68.7% |
| Mid Cap | 31.9% | 25.6% |
| Small Cap | 10.7% | 5.7% |
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 Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Insurance | 99.0% | 16.6% |
| Finance | 0.0% | 56.1% |
| Capital Markets | 0.0% | 20.6% |
| Financial Technology (Fintech) | 0.0% | 6.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP BSE Insurance ETF vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP BSE Insurance ETF | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.25% | 0.00% |
| Base expense ratio (Regular) | 0.00% | 0.17% |
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.
DSP BSE Insurance ETF vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Frequently Asked Questions
What is the difference between DSP BSE Insurance ETF and ICICI Prudential Nifty Financial Services Ex-Bank ETF?
DSP BSE Insurance ETF is an ETF fund, ICICI Prudential Nifty Financial Services Ex-Bank ETF is an ETF fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 16.6%. DSP BSE Insurance ETF charges 45.44% a year and ICICI Prudential Nifty Financial Services Ex-Bank ETF 0.21%.
Which has the lower expense ratio, DSP BSE Insurance ETF or ICICI Prudential Nifty Financial Services Ex-Bank ETF?
ICICI Prudential Nifty Financial Services Ex-Bank ETF charges less: 0.21% a year against 45.44%. These are the total expense ratios reported to AMFI.
How much do DSP BSE Insurance ETF and ICICI Prudential Nifty Financial Services Ex-Bank ETF overlap?
16.6%. They hold 6 of the same securities, the largest shared ones being SBILIFE, HDFCLIFE, LICI. From each fund's latest monthly portfolio.
Can I invest in both DSP BSE Insurance ETF and ICICI Prudential Nifty Financial Services Ex-Bank ETF?
Yes. 16.6% 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 Nifty Financial Services Ex-Bank ETF?
DSP BSE Insurance ETF: Anil Ghelani, Diipesh Shah, Neha Rathi. ICICI Prudential Nifty Financial Services Ex-Bank 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.