DSP Nifty Private Bank Index Fund vs ICICI Prudential Nifty Private Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP Nifty Private Bank Index Fund is an Index fund and ICICI Prudential Nifty Private Bank ETF is an ETF fund. In the year to 30-10-2026, DSP Nifty Private Bank Index Fund (Direct) returned −4.1% and ICICI Prudential Nifty Private Bank ETF returned −3.9%. DSP Nifty Private Bank Index Fund charges 0.49% a year and ICICI Prudential Nifty Private Bank ETF 0.18%. Their portfolios overlap 100.0%: they hold 10 of the same securities.
DSP Nifty Private Bank Index Fund
Index
- 1 year return
- −4.1%
- Expense ratio
- 0.49%
- NAV
- ₹11.15
ICICI Prudential Nifty Private Bank ETF
ETF
- 1 year return
- −3.9%
- Expense ratio
- 0.18%
- NAV
- ₹27.37
Which is better, DSP Nifty Private Bank Index or ICICI Prudential Nifty Private 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 Private Bank ETF returned more over 1 year: −3.9% against −4.1%.
- ICICI Prudential Nifty Private Bank ETF costs less: 0.18% a year against 0.49%.
- ICICI Prudential Nifty Private Bank ETF fell less in its worst fall since 06-03-2025: −17.3% against −17.3%.
- ICICI Prudential Nifty Private Bank ETF is the larger fund: ₹4,179 Cr against ₹106 Cr.
- Their portfolios overlap 100.0%: 10 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 Nifty Private Bank Index Fund | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹106 Cr (30-09-2026) | ₹4,179 Cr (30-09-2026) |
| NAV | ₹11.15 (Direct) | ₹27.37 |
| Expense ratio (Direct) | 0.49% | Not available |
| Expense ratio (Regular) | 1.19% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Private Bank TRI | Nifty Private Bank TRI |
| Launch date | 06-03-2025 | 09-08-2019 |
| Minimum investment | ₹100 | 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, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja |
| Exit load | Nil | Not available |
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private 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 Nifty Private Bank Index Fund (Direct) | +1.31% | −1.50% | +3.38% | −4.12% | -- | -- | -- |
| ICICI Prudential Nifty Private Bank ETF | +1.33% | −1.49% | +3.48% | −3.86% | +7.09% | +6.55% | -- |
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Year-wise Returns
| Year | DSP Nifty Private Bank IndexDSP Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETFICICI Prudential Nifty Private Bank ETF | Nifty Private Bank TRI |
|---|---|---|---|
| 2026to date | −5.56% | −5.36% | −5.24% |
| 2025 | -- | +16.37% | +16.55% |
| 2024 | -- | +0.16% | +0.41% |
| 2023 | -- | +14.46% | +14.63% |
| 2022 | -- | +21.75% | +21.98% |
| 2021 | -- | +4.77% | +4.88% |
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Private Bank TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 160 of them, one for each trading day from 06-03-2026 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.
DSP Nifty Private Bank Index Fund (Direct)
ICICI Prudential Nifty Private Bank ETF
Nifty Private Bank TRI
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Nifty Private Bank Index | 50.6 | 36.3 | 11.3 | 1.9 | 0.0 | 0.0 | 0.0 | 0.1% | −0.0% | −6.5% | 12.7% | 0% |
| ICICI Prudential Nifty Private Bank ETF | 46.3 | 40.0 | 11.3 | 2.5 | 0.0 | 0.0 | 0.0 | 0.5% | 0.3% | −6.3% | 13.2% | 0% |
| Nifty Private Bank TRI | 45.0 | 41.3 | 11.3 | 2.5 | 0.0 | 0.0 | 0.0 | 0.7% | 0.5% | −6.1% | 13.3% | -- |
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 Nifty Private Bank 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 06-03-2025. Past returns do not promise future returns.
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank 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 06-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Nifty Private Bank IndexDSP Nifty Private Bank Index Fund (Direct) | ₹2,00,000 | ₹2,00,198 | ₹198 | 0.1% |
| ICICI Prudential Nifty Private Bank ETFICICI Prudential Nifty Private Bank ETF | ₹2,00,000 | ₹2,00,826 | ₹826 | 0.5% |
DSP Nifty Private Bank IndexDSP Nifty Private Bank Index Fund (Direct)
ICICI Prudential Nifty Private Bank ETFICICI Prudential Nifty Private Bank 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.
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Nifty Private Bank Index Fund (Direct) | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Return (CAGR) | −4.12% | −3.86% |
| Standard deviation | 16.76% | 16.80% |
| Sharpe ratio | -0.56 | -0.54 |
| Sortino ratio | -0.78 | -0.76 |
| Maximum drawdown | −17.3% (30-03-2026) | −17.3% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.44% | −0.16% |
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 | DSP Nifty Private Bank Index Fund (Direct) | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Return (CAGR) | +6.83% | +8.22% |
| Standard deviation | 15.67% | 23.76% |
| Sharpe ratio | 0.09 | 0.13 |
| Sortino ratio | 0.13 | 0.18 |
| Maximum drawdown | −17.3% (30-03-2026) | −50.6% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.57% | −0.41% |
From daily NAVs, 06-03-2025 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.
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.
DSP Nifty Private Bank Index Fund (Direct)
ICICI Prudential Nifty Private Bank ETF
Nifty Private Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Nifty Private Bank Index Fund (Direct) | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −7.0% |
| ICICI Prudential Nifty Private Bank ETF | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −6.9% |
| Nifty Private Bank TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −6.8% |
From daily values since 06-03-2025, 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.
DSP Nifty Private Bank Index Fund (Direct)
ICICI Prudential Nifty Private Bank ETF
Nifty Private Bank TRI
Against Nifty Private Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Nifty Private Bank Index Fund (Direct) | 98% | 101% | 0.11% |
| ICICI Prudential Nifty Private Bank ETF | 100% | 100% | 0.02% |
From month-end values since 06-03-2025. 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.
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Nifty Private Bank Index Fund, September 2026; ICICI Prudential Nifty Private Bank ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 10
- Only in DSP Nifty Private Bank Index
- 0
- Only in ICICI Prudential Nifty Private Bank ETF
- 0
| Security | % of DSP Nifty Private Bank Index | % of ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| ICICI Bank Limited | 21.53% | 21.53% |
| HDFC Bank Limited | 20.82% | 20.82% |
| Kotak Mahindra Bank Limited | 19.84% | 19.84% |
| Axis Bank Limited | 19.27% | 19.28% |
| Federal Bank Limited | 5.35% | 5.35% |
| IndusInd Bank Limited | 4.05% | 4.06% |
| IDFC First Bank Limited | 3.69% | 3.69% |
| Yes Bank Limited | 2.51% | 2.51% |
| RBL Bank Limited | 1.71% | 1.71% |
| Bandhan Bank Limited | 1.20% | 1.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Nifty Private Bank Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in ICICI Prudential Nifty Private Bank ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | DSP Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Large Cap | 81.5% | 81.5% |
| Mid Cap | 15.6% | 15.6% |
| Small Cap | 2.9% | 2.9% |
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 Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Nifty Private Bank Index Fund | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.49% | Not available |
| Base expense ratio (Direct) | 0.23% | 0.00% |
| Total expense ratio (Regular) | 1.19% | Not available |
| Base expense ratio (Regular) | 0.84% | 0.13% |
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 Nifty Private Bank Index Fund vs ICICI Prudential Nifty Private Bank ETF: Frequently Asked Questions
What is the difference between DSP Nifty Private Bank Index Fund and ICICI Prudential Nifty Private Bank ETF?
DSP Nifty Private Bank Index Fund is an Index fund, ICICI Prudential Nifty Private Bank ETF is an ETF fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 100.0%. DSP Nifty Private Bank Index Fund charges 0.49% a year and ICICI Prudential Nifty Private Bank ETF 0.18%.
Which has given higher returns, DSP Nifty Private Bank Index Fund or ICICI Prudential Nifty Private Bank ETF?
Over 1 year: DSP Nifty Private Bank Index Fund −4.12%, ICICI Prudential Nifty Private Bank ETF −3.86%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Nifty Private Bank Index Fund or ICICI Prudential Nifty Private Bank ETF?
ICICI Prudential Nifty Private Bank ETF charges less: 0.18% a year against 0.49%. These are the total expense ratios reported to AMFI.
How much do DSP Nifty Private Bank Index Fund and ICICI Prudential Nifty Private Bank ETF overlap?
100.0%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both DSP Nifty Private Bank Index Fund and ICICI Prudential Nifty Private Bank ETF?
Yes. 100.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Nifty Private Bank Index Fund and ICICI Prudential Nifty Private Bank ETF?
DSP Nifty Private Bank Index Fund: Anil Ghelani, Diipesh Shah, Neha Rathi. ICICI Prudential Nifty Private Bank ETF: Nishit Patel, Ajaykumar Solanki, 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.