Groww Nifty PSE ETF vs ICICI Prudential PSU Equity Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty PSE ETF is an ETF fund and ICICI Prudential PSU Equity Fund is a Thematic fund. Groww Nifty PSE ETF charges 0.56% a year and ICICI Prudential PSU Equity Fund 1.28%. Their portfolios overlap 48.4%: they hold 14 of the same securities.
ICICI Prudential PSU Equity Fund
Thematic
- Expense ratio
- 1.28%
- NAV
- ₹21.69
Which is better, Groww Nifty PSE ETF or ICICI Prudential PSU Equity? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty PSE ETF costs less: 0.56% a year against 1.28%.
- ICICI Prudential PSU Equity fell less in its worst fall since 10-02-2026: −11.8% against −17.0%.
- ICICI Prudential PSU Equity is the larger fund: ₹1,755 Cr against ₹17 Cr.
- Their portfolios overlap 48.4%: 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 | Groww Nifty PSE ETF | ICICI Prudential PSU Equity Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹17 Cr (30-09-2026) | ₹1,755 Cr (30-09-2026) |
| NAV | ₹91.55 | ₹21.69 (Direct) |
| Expense ratio (Direct) | Not available | 1.28% |
| Expense ratio (Regular) | Not available | 2.33% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty PSE TRI | BSE PSU TRI |
| Launch date | 09-02-2026 | 12-09-2022 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Antariksha Banerjee |
| Exit load | Nil | • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 1 month from the date of allotment. • Nil - If the amount sought to be redeemed or switched out is invested for a period of more than 1 month from the date of allotment. |
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity: 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 PSE ETF | −3.00% | −7.65% | −14.15% | -- | -- | -- | -- |
| ICICI Prudential PSU Equity Fund (Direct) | −2.34% | −5.49% | −8.21% | −3.39% | +18.54% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity: Year-wise Returns
| Year | Groww Nifty PSE ETFGroww Nifty PSE ETF | ICICI Prudential PSU EquityICICI Prudential PSU Equity |
|---|---|---|
| 2026to date | -- | −2.74% |
| 2025 | -- | +8.46% |
| 2024 | -- | +25.98% |
| 2023 | -- | +55.13% |
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity: Rolling Returns
Every holding period of both funds, against Nifty PSE TRI, the benchmark of Groww Nifty PSE ETF
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty PSE ETF | ICICI Prudential PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | −16.29% | +20.57% |
| Standard deviation | 14.42% | 16.48% |
| Sharpe ratio | -1.49 | 0.87 |
| Sortino ratio | -1.83 | 1.18 |
| Maximum drawdown | −17.0% (23-10-2026) | −23.0% (28-02-2025) |
| Beta | 1.00 | 0.78 |
| Alpha | −0.48% | +1.98% |
From daily NAVs, 10-02-2026 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.
Groww Nifty PSE ETF
ICICI Prudential PSU Equity Fund (Direct)
Nifty PSE TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty PSE ETF | −17.0% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.2% |
| ICICI Prudential PSU Equity Fund (Direct) | −11.8% | 26-02-2026 | 23-10-2026 | Not yet | -- | −10.2% |
| Nifty PSE TRI | −16.8% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.0% |
From daily values since 10-02-2026, the first day every fund has.
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty PSE ETF, September 2026; ICICI Prudential PSU Equity Fund, September 2026
Holdings in common
- Overlap
- 48.4%
- Held by both
- 14
- Only in Groww Nifty PSE ETF
- 6
- Only in ICICI Prudential PSU Equity
- 31
| Security | % of Groww Nifty PSE ETF | % of ICICI Prudential PSU Equity |
|---|---|---|
| NTPC Limited | 12.86% | 9.41% |
| Power Grid Corporation of India Limited | 9.89% | 7.92% |
| Bharat Electronics Limited | 11.66% | 6.29% |
| Oil & Natural Gas Corporation Limited | 7.35% | 4.94% |
| Indian Oil Corporation Limited | 4.23% | 4.76% |
| Coal India Limited | 8.54% | 3.46% |
| Bharat Petroleum Corporation Limited | 5.10% | 3.30% |
| NHPC Limited | 2.30% | 2.10% |
| Oil India Limited | 2.05% | 2.34% |
| Hindustan Aeronautics Limited | 7.42% | 1.94% |
| GAIL (India) Limited | 3.86% | 1.26% |
| National Aluminium Company Limited | 2.56% | 0.98% |
| Hindustan Petroleum Corporation Limited | 2.82% | 0.50% |
| Steel Authority of India Limited | 2.20% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.4% means 48.4% 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 PSE ETF
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 5.08% |
| Power Finance Corporation Limited | 3.97% |
| REC Limited | 3.13% |
| NMDC Limited | 2.22% |
| Indian Railway Finance Corporation Ltd | 1.49% |
Largest holdings only in ICICI Prudential PSU Equity Fund
| Security | % of fund |
|---|---|
| State Bank Of India | 17.55% |
| Life Insurance Corporation of India | 5.98% |
| Indian Railway Catering and Tourism Corporation Ltd. | 2.70% |
| General Insurance Corporation of India | 2.20% |
| SBI Life Insurance Company Ltd. | 2.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty PSE ETF | ICICI Prudential PSU Equity |
|---|---|---|
| Equity | 100.0% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 2.1% |
Market cap of stocks
| Market cap | Groww Nifty PSE ETF | ICICI Prudential PSU Equity |
|---|---|---|
| Large Cap | 81.5% | 72.8% |
| Mid Cap | 18.6% | 15.1% |
| Small Cap | 0.0% | 9.9% |
| Not on AMFI's list | 0.0% | 0.2% |
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 PSE ETF | ICICI Prudential PSU Equity |
|---|---|---|
| Power | 25.1% | 21.3% |
| Banks | 0.0% | 23.8% |
| Aerospace & Defense | 19.1% | 8.7% |
| Petroleum Products | 12.2% | 9.1% |
| Insurance | 0.0% | 10.6% |
| Oil | 9.4% | 7.3% |
| Finance | 8.6% | 3.4% |
| Consumable Fuels | 8.5% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty PSE ETF | ICICI Prudential PSU Equity Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.28% |
| Base expense ratio (Direct) | 0.45% | 0.86% |
| Total expense ratio (Regular) | Not available | 2.33% |
| Base expense ratio (Regular) | 0.00% | 1.79% |
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 ICICI Prudential PSU Equity with
Groww Nifty PSE ETF vs ICICI Prudential PSU Equity Fund: Frequently Asked Questions
What is the difference between Groww Nifty PSE ETF and ICICI Prudential PSU Equity Fund?
Groww Nifty PSE ETF is an ETF fund, ICICI Prudential PSU Equity Fund is a Thematic fund, run by Groww Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 48.4%. Groww Nifty PSE ETF charges 0.56% a year and ICICI Prudential PSU Equity Fund 1.28%.
Which has the lower expense ratio, Groww Nifty PSE ETF or ICICI Prudential PSU Equity Fund?
Groww Nifty PSE ETF charges less: 0.56% a year against 1.28%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty PSE ETF and ICICI Prudential PSU Equity Fund overlap?
48.4%. They hold 14 of the same securities, the largest shared ones being NTPC, POWERGRID, BEL. From each fund's latest monthly portfolio.
Can I invest in both Groww Nifty PSE ETF and ICICI Prudential PSU Equity Fund?
Yes. 48.4% 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 PSE ETF and ICICI Prudential PSU Equity Fund?
Groww Nifty PSE ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar. ICICI Prudential PSU Equity Fund: Antariksha Banerjee.
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.