Groww 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
Groww Nifty Private Bank Index Fund is an Index fund and ICICI Prudential Nifty Private Bank ETF is an ETF fund. Groww Nifty Private Bank Index Fund charges 1.10% a year and ICICI Prudential Nifty Private Bank ETF 0.18%. Their portfolios overlap 100.0%: they hold 10 of the same securities.
Groww Nifty Private Bank Index Fund
Index
- Expense ratio
- 1.10%
- NAV
- ₹10.07
ICICI Prudential Nifty Private Bank ETF
ETF
- Expense ratio
- 0.18%
- NAV
- ₹27.37
Which is better, Groww 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 costs less: 0.18% a year against 1.10%.
- ICICI Prudential Nifty Private Bank ETF fell less in its worst fall since 27-05-2026: −7.1% against −7.1%.
- ICICI Prudential Nifty Private Bank ETF is the larger fund: ₹4,179 Cr against ₹6 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 | Groww Nifty Private Bank Index Fund | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ETF |
| AUM | ₹6 Cr (30-09-2026) | ₹4,179 Cr (30-09-2026) |
| NAV | ₹10.07 (Direct) | ₹27.37 |
| Expense ratio (Direct) | 1.10% | Not available |
| Expense ratio (Regular) | 1.77% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Private Bank TRI | Nifty Private Bank TRI |
| Launch date | 25-05-2026 | 09-08-2019 |
| Minimum investment | ₹500 | 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 | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja |
| Exit load | Nil | Not available |
Groww 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty Private Bank Index Fund (Direct) | +1.24% | −1.63% | -- | -- | -- | -- | -- |
| ICICI Prudential Nifty Private Bank ETF | +1.33% | −1.49% | +3.48% | −3.86% | +7.09% | +6.55% | -- |
Groww Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Year-wise Returns
| Year | Groww Nifty Private Bank IndexGroww Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETFICICI Prudential Nifty Private Bank ETF | Nifty Private Bank TRI |
|---|---|---|---|
| 2026to date | -- | −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% |
Groww 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
Groww 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 | Groww Nifty Private Bank Index Fund (Direct) | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Return (CAGR) | +4.23% | +8.22% |
| Standard deviation | 14.43% | 23.76% |
| Sharpe ratio | -0.07 | 0.13 |
| Sortino ratio | -0.10 | 0.18 |
| Maximum drawdown | −7.1% (29-09-2026) | −50.6% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.92% | −0.41% |
From daily NAVs, 27-05-2026 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.
Groww 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 |
|---|---|---|---|---|---|---|
| Groww Nifty Private Bank Index Fund (Direct) | −7.1% | 17-07-2026 | 29-09-2026 | Not yet | -- | −5.1% |
| ICICI Prudential Nifty Private Bank ETF | −7.1% | 17-07-2026 | 29-09-2026 | Not yet | -- | −4.9% |
| Nifty Private Bank TRI | −7.0% | 17-07-2026 | 29-09-2026 | Not yet | -- | −4.9% |
From daily values since 27-05-2026, the first day every fund has.
Groww Nifty Private Bank Index vs ICICI Prudential Nifty Private Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww 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 Groww Nifty Private Bank Index
- 0
- Only in ICICI Prudential Nifty Private Bank ETF
- 0
| Security | % of Groww Nifty Private Bank Index | % of ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| ICICI Bank Limited | 21.56% | 21.53% |
| HDFC Bank Limited | 20.85% | 20.82% |
| Kotak Mahindra Bank Limited | 19.87% | 19.84% |
| Axis Bank Limited | 19.30% | 19.28% |
| The Federal Bank Limited | 5.36% | 5.35% |
| IndusInd Bank Limited | 4.06% | 4.06% |
| IDFC First Bank Limited | 3.70% | 3.69% |
| Yes Bank Ltd | 2.52% | 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 Groww 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 | Groww Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Large Cap | 81.6% | 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 | Groww Nifty Private Bank Index | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Banks | 100.1% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww 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 | Groww Nifty Private Bank Index Fund | ICICI Prudential Nifty Private Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | Not available |
| Base expense ratio (Direct) | 0.31% | 0.00% |
| Total expense ratio (Regular) | 1.77% | Not available |
| Base expense ratio (Regular) | 0.90% | 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.
Groww Nifty Private Bank Index Fund vs ICICI Prudential Nifty Private Bank ETF: Frequently Asked Questions
What is the difference between Groww Nifty Private Bank Index Fund and ICICI Prudential Nifty Private Bank ETF?
Groww Nifty Private Bank Index Fund is an Index fund, ICICI Prudential Nifty Private Bank ETF is an ETF fund, run by Groww Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 100.0%. Groww Nifty Private Bank Index Fund charges 1.10% a year and ICICI Prudential Nifty Private Bank ETF 0.18%.
Which has the lower expense ratio, Groww 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 1.10%. These are the total expense ratios reported to AMFI.
How much do Groww 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 Groww 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 Groww Nifty Private Bank Index Fund and ICICI Prudential Nifty Private Bank ETF?
Groww Nifty Private Bank Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. 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.