HDFC NIFTY Top 20 Equal Weight Index Fund vs ICICI Prudential Long Term Wealth Enhancement Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY Top 20 Equal Weight Index Fund is an Index fund and ICICI Prudential Long Term Wealth Enhancement Fund is an ELSS fund. In the year to 30-10-2026, HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) returned −9.2% and ICICI Prudential Long Term Wealth Enhancement Fund (Direct) returned −8.1%. HDFC NIFTY Top 20 Equal Weight Index Fund charges 0.37% a year and ICICI Prudential Long Term Wealth Enhancement Fund 0.81% (Direct plans). Their portfolios overlap 47.4%: they hold 12 of the same securities.
HDFC NIFTY Top 20 Equal Weight Index Fund
Index
- 1 year return
- −9.2%
- Expense ratio
- 0.37%
- NAV
- ₹9.92
ICICI Prudential Long Term Wealth Enhancement Fund
ELSS
- 1 year return
- −8.1%
- Expense ratio
- 0.81%
- NAV
- ₹29.08
Which is better, HDFC NIFTY Top 20 Equal Weight Index or ICICI Prudential Long Term Wealth Enhancement? 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 Long Term Wealth Enhancement returned more over 1 year: −8.1% against −9.2%.
- HDFC NIFTY Top 20 Equal Weight Index costs less: 0.37% a year against 0.81% (Direct plans).
- ICICI Prudential Long Term Wealth Enhancement fell less in its worst fall since 25-03-2025: −16.0% against −16.1%.
- HDFC NIFTY Top 20 Equal Weight Index holds more in large companies: 100.2% of the fund in large caps against 79.2%.
- HDFC NIFTY Top 20 Equal Weight Index is the larger fund: ₹88 Cr against ₹37 Cr.
- Their portfolios overlap 47.4%: 12 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 | HDFC NIFTY Top 20 Equal Weight Index Fund | ICICI Prudential Long Term Wealth Enhancement Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | ELSS |
| AUM | ₹88 Cr (30-09-2026) | ₹37 Cr (30-09-2026) |
| NAV | ₹9.92 (Direct) | ₹29.08 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.81% |
| Expense ratio (Regular) | 0.84% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Top 20 Equal Weight TRI | Not available |
| Launch date | 25-03-2025 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Nandita Menezes, Arun Agarwal | Not available |
| Exit load | NIL | Not available |
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: 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 |
|---|---|---|---|---|---|---|---|
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | +3.83% | −3.77% | −0.40% | −9.19% | -- | -- | -- |
| ICICI Prudential Long Term Wealth Enhancement Fund (Direct) | +0.24% | −6.22% | +0.41% | −8.09% | +12.65% | +11.74% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: Year-wise Returns
| Year | HDFC NIFTY Top 20 Equal Weight IndexHDFC NIFTY Top 20 Equal Weight Index | ICICI Prudential Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| 2026to date | −10.45% | −8.26% |
| 2025 | -- | +8.23% |
| 2024 | -- | +27.24% |
| 2023 | -- | +24.97% |
| 2022 | -- | +15.20% |
| 2021 | -- | +26.50% |
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: Rolling Returns
Every holding period of both funds, against Nifty Top 20 Equal Weight TRI, the benchmark of HDFC NIFTY Top 20 Equal Weight Index Fund
Rolling returns
Every 1-year holding period, 147 of them, one for each trading day from 25-03-2026 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.
HDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
Nifty Top 20 Equal Weight TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC NIFTY Top 20 Equal Weight Index | 82.3 | 15.6 | 2.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.1% | −4.7% | −11.5% | 6.3% | 0% |
| ICICI Prudential Long Term Wealth Enhancement | 48.3 | 40.1 | 11.6 | 0.0 | 0.0 | 0.0 | 0.0 | −0.5% | 0.2% | −10.7% | 9.7% | 99% |
| Nifty Top 20 Equal Weight TRI | 82.3 | 15.6 | 2.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.8% | −4.3% | −11.2% | 6.8% | -- |
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 Top 20 Equal Weight 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 25-03-2025. Past returns do not promise future returns.
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: 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
₹10,000 on the first trading day of every month, from 25-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY Top 20 Equal Weight IndexHDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | ₹2,00,000 | ₹1,93,798 | −₹6,202 | −3.6% |
| ICICI Prudential Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement Fund | ₹2,00,000 | ₹1,96,227 | −₹3,773 | −2.2% |
HDFC NIFTY Top 20 Equal Weight IndexHDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
ICICI Prudential Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement Fund
Amount 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.
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.19% | −8.45% |
| Standard deviation | 14.10% | 13.70% |
| Sharpe ratio | -1.02 | -1.00 |
| Sortino ratio | -1.38 | -1.36 |
| Maximum drawdown | −16.1% (30-03-2026) | −16.0% (30-03-2026) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.35% | −2.53% |
From daily NAVs, 30-10-2025 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.
| Measure | HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.46% | +12.59% |
| Standard deviation | 13.27% | 16.77% |
| Sharpe ratio | -0.44 | 0.43 |
| Sortino ratio | -0.61 | 0.59 |
| Maximum drawdown | −16.1% (30-03-2026) | −39.7% (23-03-2020) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.39% | +0.66% |
From daily NAVs, 25-03-2025 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.
HDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
Nifty Top 20 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | −16.1% | 05-12-2025 | 30-03-2026 | Not yet | -- | −10.9% |
| ICICI Prudential Long Term Wealth Enhancement Fund | −16.0% | 26-11-2025 | 30-03-2026 | Not yet | -- | −9.7% |
| Nifty Top 20 Equal Weight TRI | −16.0% | 05-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 25-03-2025, 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC NIFTY Top 20 Equal Weight Index Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
Nifty Top 20 Equal Weight TRI
Against Nifty Top 20 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY Top 20 Equal Weight Index Fund (Direct) | 99% | 101% | 0.06% |
| ICICI Prudential Long Term Wealth Enhancement Fund | 98% | 83% | 5.57% |
From month-end values since 25-03-2025. 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.
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Top 20 Equal Weight Index Fund, September 2026; ICICI Prudential Long Term Wealth Enhancement Fund, September 2026
Holdings in common
- Overlap
- 47.4%
- Held by both
- 12
- Only in HDFC NIFTY Top 20 Equal Weight Index
- 8
- Only in ICICI Prudential Long Term Wealth Enhancement
- 12
| Security | % of HDFC NIFTY Top 20 Equal Weight Index | % of ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| ICICI Bank Ltd. | 5.10% | 7.75% |
| Maruti Suzuki India Limited | 5.07% | 7.90% |
| HDFC Bank Ltd. | 4.93% | 7.22% |
| Eternal Limited | 4.89% | 5.66% |
| Reliance Industries Ltd. | 4.95% | 4.83% |
| Bharti Airtel Ltd. | 5.03% | 4.74% |
| Infosys Limited | 5.08% | 3.99% |
| Axis Bank Ltd. | 5.12% | 3.62% |
| Sun Pharmaceutical Industries Ltd. | 5.02% | 3.56% |
| State Bank of India | 4.99% | 2.64% |
| HCL Technologies Ltd. | 5.01% | 2.19% |
| Mahindra & Mahindra Ltd. | 4.98% | 1.83% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.4% means 47.4% 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 HDFC NIFTY Top 20 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 5.28% |
| NTPC Limited | 5.05% |
| Tata Consultancy Services Ltd. | 5.04% |
| ITC LIMITED | 4.99% |
| Larsen and Toubro Ltd. | 4.96% |
Largest holdings only in ICICI Prudential Long Term Wealth Enhancement Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Ltd. | 9.91% |
| The Ethos Ltd. | 5.62% |
| Avenue Supermarts Ltd. | 5.32% |
| Red Tape Ltd | 4.31% |
| RR Kabel Ltd. | 4.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY Top 20 Equal Weight Index | ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| Equity | 100.2% | 95.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | 4.2% |
Market cap of stocks
| Market cap | HDFC NIFTY Top 20 Equal Weight Index | ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| Large Cap | 100.2% | 79.2% |
| Mid Cap | 0.0% | 1.1% |
| Small Cap | 0.0% | 15.5% |
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 | HDFC NIFTY Top 20 Equal Weight Index | ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| Banks | 25.4% | 21.2% |
| Automobiles | 10.1% | 19.6% |
| IT - Software | 15.1% | 0.0% |
| Retailing | 4.9% | 14.7% |
| Diversified FMCG | 9.9% | 0.0% |
| Consumer Durables | 4.8% | 9.9% |
| It - Software | 0.0% | 6.2% |
| Power | 5.0% | 0.0% |
| Telecom - Services | 5.0% | 4.7% |
| Petroleum Products | 5.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Top 20 Equal Weight Index vs ICICI Prudential Long Term Wealth Enhancement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Top 20 Equal Weight Index Fund | ICICI Prudential Long Term Wealth Enhancement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.81% |
| Base expense ratio (Direct) | 0.22% | 0.66% |
| Total expense ratio (Regular) | 0.84% | Not available |
| Base expense ratio (Regular) | 0.63% | 0.92% |
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 Long Term Wealth Enhancement with
- ICICI Prudential Long Term Wealth Enhancement vs Motilal Oswal ELSS Tax Saver
- ICICI Prudential Long Term Wealth Enhancement vs SBI Long Term Advantage Fund - Series V
- ICICI Prudential Long Term Wealth Enhancement vs JM ELSS - Tax Saver
- ICICI Prudential Long Term Wealth Enhancement vs WhiteOak Capital ELSS Tax Saver
- ICICI Prudential Long Term Wealth Enhancement vs HSBC ELSS Tax saver
HDFC NIFTY Top 20 Equal Weight Index Fund vs ICICI Prudential Long Term Wealth Enhancement Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY Top 20 Equal Weight Index Fund and ICICI Prudential Long Term Wealth Enhancement Fund?
HDFC NIFTY Top 20 Equal Weight Index Fund is an Index fund, ICICI Prudential Long Term Wealth Enhancement Fund is an ELSS fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 47.4%. HDFC NIFTY Top 20 Equal Weight Index Fund charges 0.37% a year and ICICI Prudential Long Term Wealth Enhancement Fund 0.81%.
Which has given higher returns, HDFC NIFTY Top 20 Equal Weight Index Fund or ICICI Prudential Long Term Wealth Enhancement Fund?
Over 1 year: HDFC NIFTY Top 20 Equal Weight Index Fund −9.19%, ICICI Prudential Long Term Wealth Enhancement Fund −8.09%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY Top 20 Equal Weight Index Fund or ICICI Prudential Long Term Wealth Enhancement Fund?
HDFC NIFTY Top 20 Equal Weight Index Fund charges less: 0.37% a year against 0.81%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY Top 20 Equal Weight Index Fund and ICICI Prudential Long Term Wealth Enhancement Fund overlap?
47.4%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, MARUTI, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both HDFC NIFTY Top 20 Equal Weight Index Fund and ICICI Prudential Long Term Wealth Enhancement Fund?
Yes. 47.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.