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    Franklin India NSE Nifty 50 Index Fund vs ICICI Prudential Nifty 50 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Franklin India NSE Nifty 50 Index Fund is an Index fund and ICICI Prudential Nifty 50 ETF is an ETF fund. In the 3 years to 30-10-2026, Franklin India NSE Nifty 50 Index Fund (Direct) returned 7.4% a year and ICICI Prudential Nifty 50 ETF returned 7.6% a year. Franklin India NSE Nifty 50 Index Fund charges 0.31% a year and ICICI Prudential Nifty 50 ETF 0.04%. Their portfolios overlap 99.6%: they hold 50 of the same securities.

    Franklin India NSE Nifty 50 Index Fund

    Index

    3 year return
    7.4%
    Expense ratio
    0.31%
    NAV
    ₹197.40
    See Franklin India NSE Nifty 50 Index Fund

    ICICI Prudential Nifty 50 ETF

    ETF

    3 year return
    7.6%
    Expense ratio
    0.04%
    NAV
    ₹261.70
    See ICICI Prudential Nifty 50 ETF

    Which is better, Franklin India NSE Nifty 50 Index or ICICI Prudential Nifty 50 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 50 ETF returned more over 5 years: 6.7% a year against 6.4%.
    • ICICI Prudential Nifty 50 ETF returned more over 3 years: 7.6% a year against 7.4%.
    • ICICI Prudential Nifty 50 ETF costs less: 0.04% a year against 0.31%.
    • Franklin India NSE Nifty 50 Index swung less over 3 years: a standard deviation of 13.1% a year against 13.2%.
    • Franklin India NSE Nifty 50 Index fell less in its worst fall since 21-03-2013: −37.6% against −38.3%.
    • ICICI Prudential Nifty 50 ETF is the larger fund: ₹42,735 Cr against ₹654 Cr.
    • Their portfolios overlap 99.6%: 50 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

    FactFranklin India NSE Nifty 50 Index FundICICI Prudential Nifty 50 ETF
    Fund houseFranklin Templeton Mutual FundICICI Prudential Mutual Fund
    CategoryIndexETF
    AUM₹654 Cr (30-09-2026)₹42,735 Cr (30-09-2026)
    NAV₹197.40 (Direct)₹261.70
    Expense ratio (Direct)0.31%Not available
    Expense ratio (Regular)0.67%Not available
    RiskometerNot availableNot available
    BenchmarkNifty 50 TRINifty 50 TRI
    Launch date04-08-200020-03-2013
    Minimum investment5000/1During 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 inNoneNone
    Fund managersShyam Sundar Sriram, Sandeep ManamNishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja
    Exit loadNilNot available

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Franklin India NSE Nifty 50 Index Fund (Direct)+1.93%−5.03%−3.23%−10.15%+7.37%+6.41%+11.01%
    ICICI Prudential Nifty 50 ETF+1.95%−5.02%−3.14%−10.02%+7.59%+6.66%+11.55%

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 ETF: Year-wise Returns

    YearFranklin India NSE Nifty 50 IndexFranklin India NSE Nifty 50 IndexICICI Prudential Nifty 50 ETFICICI Prudential Nifty 50 ETFNifty 50 TRI
    2026to date−11.07%−10.92%−10.91%
    2025+11.69%+11.85%+11.88%
    2024+9.89%+10.02%+10.09%
    2023+20.72%+21.29%+21.30%
    2022+5.34%+5.65%+5.69%
    2021+24.79%+25.52%+25.59%

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 ETF: Rolling Returns

    Every holding period of both funds, against Nifty 50 TRI, the benchmark of both

    Rolling returns

    Every 3-year holding period, 2,613 of them, one for each trading day from 21-03-2016 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.

    −5%0%5%10%15%20%25%30%
    Jan 2014
    to
    Jan 2017    Nov 2015
    to
    Nov 2018    Sept 2017
    to
    Sept 2020    Jun 2019
    to
    Jun 2022    Apr 2021
    to
    Apr 2024    Dec 2022
    to
    Dec 2025
    Franklin India NSE Nifty 50 Index Fund (Direct)ICICI Prudential Nifty 50 ETFNifty 50 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Franklin India NSE Nifty 50 Index1.13.621.947.120.24.31.612.6%12.9%−5.0%31.2%0%
    ICICI Prudential Nifty 50 ETF0.73.322.243.124.04.81.913.0%13.1%−4.6%32.2%0%
    Nifty 50 TRI0.72.918.343.827.64.91.913.4%13.5%−4.5%32.4%--

    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 50 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 21-03-2013. Past returns do not promise future returns.

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-03-2013 to 30-10-2026: 164 instalments, ₹16,40,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Franklin India NSE Nifty 50 IndexFranklin India NSE Nifty 50 Index Fund (Direct) ₹16,40,000 ₹35,10,004 ₹18,70,004 10.5%
    ICICI Prudential Nifty 50 ETFICICI Prudential Nifty 50 ETF ₹16,40,000 ₹36,09,136 ₹19,69,136 10.8%
    ₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L
    2014201620182020202220242026
    Franklin India NSE Nifty 50 IndexFranklin India NSE Nifty 50 Index Fund (Direct)ICICI Prudential Nifty 50 ETFICICI Prudential Nifty 50 ETFAmount 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.

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureFranklin India NSE Nifty 50 Index Fund (Direct)ICICI Prudential Nifty 50 ETF
    Return (CAGR)+7.37%+7.59%
    Standard deviation13.14%13.24%
    Sharpe ratio0.100.12
    Sortino ratio0.140.16
    Maximum drawdown−15.4% (04-03-2025)−15.4% (04-03-2025)
    Beta0.991.00
    Alpha−0.25%−0.04%

    From daily NAVs, 30-10-2023 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.

    −40%−30%−20%−10%0%
    2014201620182020202220242026
    Franklin India NSE Nifty 50 Index Fund (Direct)ICICI Prudential Nifty 50 ETFNifty 50 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Franklin India NSE Nifty 50 Index Fund (Direct)−37.6%14-01-202023-03-202009-11-20208 months−11.7%
    ICICI Prudential Nifty 50 ETF−38.3%14-01-202023-03-202009-11-20208 months−11.6%
    Nifty 50 TRI−38.3%14-01-202023-03-202006-11-20207 months−11.6%

    From daily values since 21-03-2013, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    20172019202120232025
    Franklin India NSE Nifty 50 Index Fund (Direct)ICICI Prudential Nifty 50 ETFNifty 50 TRI

    Against Nifty 50 TRI

    FundUp captureDown captureTracking error
    Franklin India NSE Nifty 50 Index Fund (Direct)98%100%0.41%
    ICICI Prudential Nifty 50 ETF99%100%0.82%

    From month-end values since 21-03-2013. 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.

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Franklin India NSE Nifty 50 Index Fund, September 2026; ICICI Prudential Nifty 50 ETF, September 2026

    Holdings in common

    Overlap
    99.6%
    Held by both
    50
    Only in Franklin India NSE Nifty 50 Index
    0
    Only in ICICI Prudential Nifty 50 ETF
    0
    Security% of Franklin India NSE Nifty 50 Index% of ICICI Prudential Nifty 50 ETF
    HDFC Bank Ltd10.34%10.38%
    ICICI Bank Ltd9.01%9.05%
    Reliance Industries Ltd7.55%7.58%
    Bharti Airtel Ltd5.08%5.10%
    Larsen & Toubro Ltd4.19%4.20%
    State Bank of India3.77%3.79%
    Axis Bank Ltd3.35%3.37%
    Infosys Ltd3.34%3.35%
    Kotak Mahindra Bank Ltd2.92%2.93%
    Mahindra & Mahindra Ltd2.51%2.52%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.6% means 99.6% 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 Franklin India NSE Nifty 50 Index Fund

    Every holding of this fund is also held by the other.

    Largest holdings only in ICICI Prudential Nifty 50 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

    AssetFranklin India NSE Nifty 50 IndexICICI Prudential Nifty 50 ETF
    Equity99.6%100.0%
    Debt0.0%0.0%
    Cash and others0.4%0.0%

    Market cap of stocks

    Market capFranklin India NSE Nifty 50 IndexICICI Prudential Nifty 50 ETF
    Large Cap98.2%98.6%
    Mid Cap1.4%1.4%
    Small Cap0.0%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

    SectorFranklin India NSE Nifty 50 IndexICICI Prudential Nifty 50 ETF
    Banks29.4%29.5%
    Petroleum Products7.5%7.6%
    It - Software0.0%7.5%
    IT - Software7.5%0.0%
    Automobiles6.6%6.7%
    Finance5.4%5.5%
    Telecom - Services5.1%5.1%

    The six largest sectors of each fund's stocks, % of the fund.

    Franklin India NSE Nifty 50 Index vs ICICI Prudential Nifty 50 ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeFranklin India NSE Nifty 50 Index FundICICI Prudential Nifty 50 ETF
    Total expense ratio (Direct)0.31%Not available
    Base expense ratio (Direct)0.24%0.00%
    Total expense ratio (Regular)0.67%Not available
    Base expense ratio (Regular)0.55%0.02%

    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.

    Franklin India NSE Nifty 50 Index Fund vs ICICI Prudential Nifty 50 ETF: Frequently Asked Questions

    What is the difference between Franklin India NSE Nifty 50 Index Fund and ICICI Prudential Nifty 50 ETF?

    Franklin India NSE Nifty 50 Index Fund is an Index fund, ICICI Prudential Nifty 50 ETF is an ETF fund, run by Franklin Templeton Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 99.6%. Franklin India NSE Nifty 50 Index Fund charges 0.31% a year and ICICI Prudential Nifty 50 ETF 0.04%.

    Which has given higher returns, Franklin India NSE Nifty 50 Index Fund or ICICI Prudential Nifty 50 ETF?

    Over 1 year: Franklin India NSE Nifty 50 Index Fund −10.15%, ICICI Prudential Nifty 50 ETF −10.02%. Over 3 years: Franklin India NSE Nifty 50 Index Fund +7.37% a year, ICICI Prudential Nifty 50 ETF +7.59% a year. Over 5 years: Franklin India NSE Nifty 50 Index Fund +6.41% a year, ICICI Prudential Nifty 50 ETF +6.66% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Franklin India NSE Nifty 50 Index Fund or ICICI Prudential Nifty 50 ETF?

    ICICI Prudential Nifty 50 ETF charges less: 0.04% a year against 0.31%. These are the total expense ratios reported to AMFI.

    How much do Franklin India NSE Nifty 50 Index Fund and ICICI Prudential Nifty 50 ETF overlap?

    99.6%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is better for SIP, Franklin India NSE Nifty 50 Index Fund or ICICI Prudential Nifty 50 ETF?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,92,609 in Franklin India NSE Nifty 50 Index Fund (XIRR 4.9% a year) and ₹6,96,832 in ICICI Prudential Nifty 50 ETF (XIRR 5.2% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Franklin India NSE Nifty 50 Index Fund and ICICI Prudential Nifty 50 ETF?

    Yes. 99.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Franklin India NSE Nifty 50 Index Fund and ICICI Prudential Nifty 50 ETF?

    Franklin India NSE Nifty 50 Index Fund: Shyam Sundar Sriram, Sandeep Manam. ICICI Prudential Nifty 50 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.

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