Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty Metal ETF is an ETF fund and ICICI Prudential NIFTY Metal ETF is an ETF fund. Groww Nifty Metal ETF charges 0.59% a year and ICICI Prudential NIFTY Metal ETF 0.51%. Their portfolios overlap 99.9%: they hold 15 of the same securities.
Which is better, Groww Nifty Metal ETF or ICICI Prudential NIFTY Metal 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 Metal ETF costs less: 0.51% a year against 0.59%.
- Groww Nifty Metal ETF fell less in its worst fall since 22-12-2025: −15.8% against −16.1%.
- ICICI Prudential NIFTY Metal ETF is the larger fund: ₹978 Cr against ₹41 Cr.
- Their portfolios overlap 99.9%: 15 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 | Groww Nifty Metal ETF | ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | ETF |
| AUM | ₹41 Cr (30-09-2026) | ₹978 Cr (30-09-2026) |
| NAV | ₹11.27 | ₹11.88 |
| Expense ratio (Direct) | Not available | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Metal TRI | Nifty Metal TRI |
| Launch date | 19-12-2025 | 14-08-2024 |
| Minimum investment | 1 Unit | During Ongoing/Continuous During ongoing offer period: 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: Authorized Participant(s)/ Investor(s) can buy/sell units |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Nishit Patel, Ashwini Shinde |
| Exit load | Nil | Not available |
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty Metal ETF | −7.54% | −6.92% | −7.59% | -- | -- | -- | -- |
| ICICI Prudential NIFTY Metal ETF | −7.53% | −7.07% | −7.94% | +10.32% | -- | -- | -- |
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF: Year-wise Returns
| Year | GrowwGroww Nifty Metal ETF | ICICI PrudentialICICI Prudential NIFTY Metal ETF | Nifty Metal TRI |
|---|---|---|---|
| 2026to date | +6.39% | +6.00% | +6.74% |
| 2025 | -- | +29.35% | +29.90% |
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF: Rolling Returns
Every holding period of both funds, against Nifty Metal TRI, the benchmark of both
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Metal ETF | ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Return (CAGR) | +13.38% | +13.51% |
| Standard deviation | 23.97% | 22.66% |
| Sharpe ratio | 0.34 | 0.34 |
| Sortino ratio | 0.45 | 0.47 |
| Maximum drawdown | −15.8% (23-10-2026) | −23.2% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.65% |
From daily NAVs, 22-12-2025 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.
Groww Nifty Metal ETF
ICICI Prudential NIFTY Metal ETF
Nifty Metal TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Metal ETF | −15.8% | 27-05-2026 | 23-10-2026 | Not yet | -- | −13.5% |
| ICICI Prudential NIFTY Metal ETF | −16.1% | 27-05-2026 | 23-10-2026 | Not yet | -- | −13.9% |
| Nifty Metal TRI | −15.7% | 27-05-2026 | 23-10-2026 | Not yet | -- | −13.4% |
From daily values since 22-12-2025, the first day every fund has.
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Metal ETF, September 2026; ICICI Prudential NIFTY Metal ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 15
- Only in Groww Nifty Metal ETF
- 0
- Only in ICICI Prudential NIFTY Metal ETF
- 0
| Security | % of Groww Nifty Metal ETF | % of ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Tata Steel Limited | 17.29% | 17.29% |
| Hindalco Industries Limited | 15.42% | 15.42% |
| JSW Steel Limited | 13.64% | 13.65% |
| Adani Enterprises Limited | 11.13% | 11.13% |
| Vedanta Aluminium Metal Limited | 7.91% | 7.92% |
| Vedanta Limited | 5.15% | 5.16% |
| Jindal Steel Limited | 4.76% | 4.76% |
| APL Apollo Tubes Limited | 4.51% | 4.51% |
| National Aluminium Company Limited | 3.46% | 3.46% |
| Hindustan Zinc Limited | 3.08% | 3.08% |
| NMDC Limited | 2.99% | 2.99% |
| Steel Authority of India Limited | 2.97% | 2.97% |
| Lloyds Metals And Energy Limited | 2.91% | 2.92% |
| Jindal Stainless Limited | 2.65% | 2.65% |
| Hindustan Copper Limited | 2.06% | 2.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Groww Nifty Metal ETF
Every holding of this fund is also held by the other.
Largest holdings only in ICICI Prudential NIFTY Metal 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 | Groww Nifty Metal ETF | ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty Metal ETF | ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Large Cap | 78.4% | 78.4% |
| Mid Cap | 21.6% | 21.6% |
| Small Cap | 0.0% | 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
| Sector | Groww Nifty Metal ETF | ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Ferrous Metals | 41.3% | 41.3% |
| Non - Ferrous Metals | 31.9% | 31.9% |
| Metals & Minerals Trading | 11.1% | 11.1% |
| Minerals & Mining | 5.9% | 5.9% |
| Diversified Metals | 5.2% | 5.2% |
| Industrial Products | 4.5% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Metal ETF | ICICI Prudential NIFTY Metal ETF |
|---|---|---|
| Base expense ratio (Direct) | 0.40% | 0.00% |
| Base expense ratio (Regular) | 0.00% | 0.34% |
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.
Groww Nifty Metal ETF vs ICICI Prudential NIFTY Metal ETF: Frequently Asked Questions
What is the difference between Groww Nifty Metal ETF and ICICI Prudential NIFTY Metal ETF?
Groww Nifty Metal ETF is an ETF fund, ICICI Prudential NIFTY Metal ETF is an ETF fund, run by Groww Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 99.9%. Groww Nifty Metal ETF charges 0.59% a year and ICICI Prudential NIFTY Metal ETF 0.51%.
Which has the lower expense ratio, Groww Nifty Metal ETF or ICICI Prudential NIFTY Metal ETF?
ICICI Prudential NIFTY Metal ETF charges less: 0.51% a year against 0.59%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty Metal ETF and ICICI Prudential NIFTY Metal ETF overlap?
99.9%. They hold 15 of the same securities, the largest shared ones being TATASTEEL, HINDALCO, JSWSTEEL. From each fund's latest monthly portfolio.
Can I invest in both Groww Nifty Metal ETF and ICICI Prudential NIFTY Metal ETF?
Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Nifty Metal ETF and ICICI Prudential NIFTY Metal ETF?
Groww Nifty Metal ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar. ICICI Prudential NIFTY Metal ETF: Nishit Patel, Ashwini Shinde.
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.