Edelweiss Financial Services Fund vs ICICI Prudential Nifty Financial Services Ex-Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Edelweiss Financial Services Fund is a Thematic fund and ICICI Prudential Nifty Financial Services Ex-Bank ETF is an ETF fund. Edelweiss Financial Services Fund charges 0.96% a year and ICICI Prudential Nifty Financial Services Ex-Bank ETF 0.21%. Their portfolios overlap 31.6%: they hold 14 of the same securities.
Edelweiss Financial Services Fund
Thematic
- Expense ratio
- 0.96%
- NAV
- ₹8.91
ICICI Prudential Nifty Financial Services Ex-Bank ETF
ETF
- Expense ratio
- 0.21%
- NAV
- ₹29.21
Which is better, Edelweiss Financial Services 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 0.96%.
- Edelweiss Financial Services fell less in its worst fall since 18-02-2026: −15.8% against −15.9%.
- Edelweiss Financial Services is the larger fund: ₹274 Cr against ₹198 Cr.
- Their portfolios overlap 31.6%: 14 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 | Edelweiss Financial Services Fund | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹274 Cr (30-09-2026) | ₹198 Cr (30-09-2026) |
| NAV | ₹8.91 (Direct) | ₹29.21 |
| Expense ratio (Direct) | 0.96% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services Ex-Bank TRI |
| Launch date | 16-02-2026 | 25-11-2022 |
| 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 | Trideep Bhattacharya, Ashwani Agarwalla, Ashish Sood, Amit Vora | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Not available |
Edelweiss Financial Services 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Financial Services Fund (Direct) | −1.24% | −6.54% | −4.24% | -- | -- | -- | -- |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF | −3.14% | −10.30% | −7.18% | −8.58% | +13.01% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Edelweiss Financial Services vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Year-wise Returns
| Year | Edelweiss Financial ServicesEdelweiss Financial Services | ICICI Prudential Nifty Financial Services Ex-Bank ETFICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| 2026to date | -- | −10.25% |
| 2025 | -- | +27.84% |
| 2024 | -- | +13.95% |
| 2023 | -- | +32.46% |
Edelweiss Financial Services vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of Edelweiss Financial Services Fund
Edelweiss Financial Services vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Financial Services Fund (Direct) | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Return (CAGR) | −15.82% | +14.70% |
| Standard deviation | 19.04% | 18.71% |
| Sharpe ratio | -1.11 | 0.46 |
| Sortino ratio | -1.50 | 0.64 |
| Maximum drawdown | −15.8% (30-03-2026) | −16.7% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | +0.54% | −0.28% |
From daily NAVs, 18-02-2026 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.
Edelweiss Financial Services Fund (Direct)
ICICI Prudential Nifty Financial Services Ex-Bank ETF
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Financial Services Fund (Direct) | −15.8% | 26-02-2026 | 30-03-2026 | Not yet | -- | −11.5% |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF | −15.9% | 18-02-2026 | 31-03-2026 | 06-05-2026 | 36 days | −14.0% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 18-02-2026, the first day every fund has.
Edelweiss Financial Services vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Financial Services Fund, September 2026; ICICI Prudential Nifty Financial Services Ex-Bank ETF, September 2026
Holdings in common
- Overlap
- 31.6%
- Held by both
- 14
- Only in Edelweiss Financial Services
- 20
- Only in ICICI Prudential Nifty Financial Services Ex-Bank ETF
- 16
| Security | % of Edelweiss Financial Services | % of ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Shriram Finance Ltd. | 5.64% | 8.31% |
| BSE Ltd. | 5.29% | 7.63% |
| Multi Commodity Exchange Of India Ltd. | 3.33% | 5.08% |
| SBI Life Insurance Company Ltd. | 3.22% | 4.60% |
| Cholamandalam Investment & Finance Company Ltd. | 2.71% | 4.24% |
| Bajaj Finance Ltd. | 2.62% | 15.81% |
| Max Financial Services Ltd. | 1.73% | 2.20% |
| Power Finance Corporation Ltd. | 1.45% | 2.86% |
| L&T Finance Ltd. | 1.68% | 1.37% |
| PNB Housing Finance Ltd. | 2.50% | 1.27% |
| Jio Financial Services Ltd. | 0.87% | 4.30% |
| Central Depository Services (I) Ltd. | 0.84% | 1.36% |
| PB Fintech Ltd. | 0.67% | 2.28% |
| Muthoot Finance Ltd. | 0.55% | 1.77% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.6% means 31.6% 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 Edelweiss Financial Services Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 11.55% |
| ICICI Bank Ltd. | 10.86% |
| State Bank of India | 8.33% |
| Axis Bank Ltd. | 7.51% |
| Kotak Mahindra Bank Ltd. | 5.21% |
Largest holdings only in ICICI Prudential Nifty Financial Services Ex-Bank ETF
| Security | % of fund |
|---|---|
| Bajaj Finserv Ltd. | 6.08% |
| One 97 Communications Ltd | 4.36% |
| HDFC Life Insurance Company Ltd. | 3.39% |
| Life Insurance Corporation of India | 3.03% |
| Bajaj Holdings & Investment Ltd. | 2.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Financial Services | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Equity | 96.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.3% | 0.0% |
Market cap of stocks
| Market cap | Edelweiss Financial Services | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Large Cap | 68.9% | 68.7% |
| Mid Cap | 11.4% | 25.6% |
| Small Cap | 16.2% | 5.7% |
| Not on AMFI's list | 0.2% | 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 | Edelweiss Financial Services | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Banks | 57.1% | 0.0% |
| Finance | 21.2% | 56.1% |
| Capital Markets | 12.8% | 20.6% |
| Insurance | 5.0% | 16.6% |
| Financial Technology (Fintech) | 0.7% | 6.6% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Financial Services vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Financial Services Fund | ICICI Prudential Nifty Financial Services Ex-Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.96% | Not available |
| Base expense ratio (Direct) | 0.71% | 0.00% |
| Total expense ratio (Regular) | 2.57% | Not available |
| Base expense ratio (Regular) | 2.10% | 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.
More comparisons
Each fund against the others of its category
Compare Edelweiss Financial Services with
Edelweiss Financial Services Fund vs ICICI Prudential Nifty Financial Services Ex-Bank ETF: Frequently Asked Questions
What is the difference between Edelweiss Financial Services Fund and ICICI Prudential Nifty Financial Services Ex-Bank ETF?
Edelweiss Financial Services Fund is a Thematic fund, ICICI Prudential Nifty Financial Services Ex-Bank ETF is an ETF fund, run by Edelweiss Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 31.6%. Edelweiss Financial Services Fund charges 0.96% a year and ICICI Prudential Nifty Financial Services Ex-Bank ETF 0.21%.
Which has the lower expense ratio, Edelweiss Financial Services Fund or ICICI Prudential Nifty Financial Services Ex-Bank ETF?
ICICI Prudential Nifty Financial Services Ex-Bank ETF charges less: 0.21% a year against 0.96%. These are the total expense ratios reported to AMFI.
How much do Edelweiss Financial Services Fund and ICICI Prudential Nifty Financial Services Ex-Bank ETF overlap?
31.6%. They hold 14 of the same securities, the largest shared ones being SHRIRAMFIN, BSE, MCX. From each fund's latest monthly portfolio.
Can I invest in both Edelweiss Financial Services Fund and ICICI Prudential Nifty Financial Services Ex-Bank ETF?
Yes. 31.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Financial Services Fund and ICICI Prudential Nifty Financial Services Ex-Bank ETF?
Edelweiss Financial Services Fund: Trideep Bhattacharya, Ashwani Agarwalla, Ashish Sood, Amit Vora. 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.