HSBC Equity Savings Fund vs ICICI Prudential BSE 500 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HSBC Equity Savings Fund is an Equity Savings fund and ICICI Prudential BSE 500 ETF is an ETF fund. In the 3 years to 30-10-2026, HSBC Equity Savings Fund (Direct) returned 12.8% a year and ICICI Prudential BSE 500 ETF returned 9.5% a year. HSBC Equity Savings Fund charges 1.41% a year and ICICI Prudential BSE 500 ETF 0.33%. Their portfolios overlap 38.1%: they hold 86 of the same securities.
HSBC Equity Savings Fund
Equity Savings
- 3 year return
- 12.8%
- Expense ratio
- 1.41%
- NAV
- ₹40.76
ICICI Prudential BSE 500 ETF
ETF
- 3 year return
- 9.5%
- Expense ratio
- 0.33%
- NAV
- ₹37.06
Which is better, HSBC Equity Savings or ICICI Prudential BSE 500 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Equity Savings returned more over 3 years: 12.8% a year against 9.5%.
- HSBC Equity Savings returned more over 1 year: 6.0% against −7.9%.
- ICICI Prudential BSE 500 ETF costs less: 0.33% a year against 1.41%.
- HSBC Equity Savings swung less over 3 years: a standard deviation of 7.2% a year against 14.2%.
- HSBC Equity Savings fell less in its worst fall since 28-11-2022: −11.5% against −18.8%.
- ICICI Prudential BSE 500 ETF holds more in large companies: 67.1% of the fund in large caps against 49.2%.
- HSBC Equity Savings is the larger fund: ₹1,558 Cr against ₹347 Cr.
- Their portfolios overlap 38.1%: 86 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 | HSBC Equity Savings Fund | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Fund house | HSBC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Equity Savings | ETF |
| AUM | ₹1,558 Cr (30-09-2026) | ₹347 Cr (30-09-2026) |
| NAV | ₹40.76 (Direct) | ₹37.06 |
| Expense ratio (Direct) | 1.41% | Not available |
| Expense ratio (Regular) | 2.40% | Not available |
| Riskometer | Low to Moderate | Not available |
| Benchmark | Nifty Equity Savings Index | BSE 500 TRI |
| Launch date | 18-10-2011 | 09-05-2018 |
| Minimum investment | ₹5,000 | 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 | Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh | Nishit Patel, Ajaykumar Solanki, Ashwini Shinde |
| Exit load | Exit load for units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month. | There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. Currently, the Scheme is proposed to be listed on BSE and NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors. |
HSBC Equity Savings vs ICICI Prudential BSE 500 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 |
|---|---|---|---|---|---|---|---|
| HSBC Equity Savings Fund (Direct) | +0.23% | −0.42% | +2.72% | +6.04% | +12.81% | -- | -- |
| ICICI Prudential BSE 500 ETF | −0.90% | −6.15% | −3.10% | −7.94% | +9.53% | +8.30% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
HSBC Equity Savings vs ICICI Prudential BSE 500 ETF: Year-wise Returns
| Year | HSBC Equity SavingsHSBC Equity Savings | ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF |
|---|---|---|
| 2026to date | +6.60% | −8.04% |
| 2025 | +1.76% | +7.27% |
| 2024 | +25.17% | +15.40% |
| 2023 | +18.09% | +26.14% |
| 2022 | -- | +4.44% |
| 2021 | -- | +31.29% |
HSBC Equity Savings vs ICICI Prudential BSE 500 ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of ICICI Prudential BSE 500 ETF
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 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.
HSBC Equity Savings Fund (Direct)
ICICI Prudential BSE 500 ETF
BSE 500 TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Equity Savings | 0.0 | 0.0 | 0.0 | 96.5 | 3.5 | 0.0 | 0.0 | 14.0% | 14.1% | 12.0% | 15.1% | 54% |
| ICICI Prudential BSE 500 ETF | 0.0 | 0.0 | 13.2 | 58.6 | 28.2 | 0.0 | 0.0 | 13.3% | 13.4% | 8.1% | 17.4% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 10.6 | 52.2 | 37.2 | 0.0 | 0.0 | 13.7% | 13.8% | 8.4% | 17.8% | -- |
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 BSE 500 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 28-11-2022. Past returns do not promise future returns.
HSBC Equity Savings vs ICICI Prudential BSE 500 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
₹10,000 on the first trading day of every month, from 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Equity SavingsHSBC Equity Savings Fund (Direct) | ₹4,80,000 | ₹5,95,515 | ₹1,15,515 | 10.8% |
| ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF | ₹4,80,000 | ₹5,29,931 | ₹49,931 | 4.9% |
HSBC Equity SavingsHSBC Equity Savings Fund (Direct)
ICICI Prudential BSE 500 ETFICICI Prudential BSE 500 ETF
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.
HSBC Equity Savings vs ICICI Prudential BSE 500 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Equity Savings Fund (Direct) | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Return (CAGR) | +6.04% | −7.94% |
| Standard deviation | 5.81% | 14.35% |
| Sharpe ratio | 0.14 | -0.92 |
| Sortino ratio | 0.19 | -1.21 |
| Maximum drawdown | −3.4% (21-01-2026) | −14.8% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.28% |
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 | HSBC Equity Savings Fund (Direct) | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Return (CAGR) | +12.81% | +9.53% |
| Standard deviation | 7.16% | 14.18% |
| Sharpe ratio | 0.95 | 0.25 |
| Sortino ratio | 1.28 | 0.33 |
| Maximum drawdown | −11.5% (28-02-2025) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.36% |
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.
| Measure | HSBC Equity Savings Fund (Direct) | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Return (CAGR) | +12.70% | +11.33% |
| Standard deviation | 6.51% | 16.66% |
| Sharpe ratio | 1.00 | 0.36 |
| Sortino ratio | 1.36 | 0.48 |
| Maximum drawdown | −11.5% (28-02-2025) | −38.0% (23-03-2020) |
| Beta | -- | 0.99 |
| Alpha | -- | −0.29% |
From daily NAVs, 28-11-2022 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.
HSBC Equity Savings Fund (Direct)
ICICI Prudential BSE 500 ETF
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Equity Savings Fund (Direct) | −11.5% | 02-01-2025 | 28-02-2025 | 10-09-2025 | 6 months | −1.9% |
| ICICI Prudential BSE 500 ETF | −18.8% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.0% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 28-11-2022, 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.
HSBC Equity Savings Fund (Direct)
ICICI Prudential BSE 500 ETF
BSE 500 TRI
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.
HSBC Equity Savings Fund (Direct)
ICICI Prudential BSE 500 ETF
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HSBC Equity Savings Fund (Direct) | 61% | 18% | 9.92% |
| ICICI Prudential BSE 500 ETF | 99% | 101% | 0.02% |
From month-end values since 28-11-2022. 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.
HSBC Equity Savings vs ICICI Prudential BSE 500 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Equity Savings Fund, September 2026; ICICI Prudential BSE 500 ETF, September 2026
Holdings in common
- Overlap
- 38.1%
- Held by both
- 86
- Only in HSBC Equity Savings
- 26
- Only in ICICI Prudential BSE 500 ETF
- 415
| Security | % of HSBC Equity Savings | % of ICICI Prudential BSE 500 ETF |
|---|---|---|
| HDFC Bank Limited | 4.78% | 5.73% |
| ICICI Bank Limited | 3.64% | 5.02% |
| Reliance Industries Limited | 2.88% | 4.17% |
| State Bank of India | 3.14% | 2.11% |
| Axis Bank Limited | 3.45% | 1.86% |
| Kotak Mahindra Bank Limited | 1.72% | 1.63% |
| Mahindra & Mahindra Limited | 1.80% | 1.40% |
| Bajaj Finance Limited | 1.41% | 1.36% |
| Bharti Airtel Limited | 1.23% | 2.90% |
| Sun Pharmaceutical Industries Limited | 1.68% | 1.04% |
| Tata Steel Limited | 1.03% | 0.81% |
| JSW Steel Limited | 0.66% | 0.63% |
| Divi''s Laboratories Limited | 1.05% | 0.63% |
| Grasim Industries Limited | 0.63% | 0.61% |
| InterGlobe Aviation Limited | 0.96% | 0.59% |
| Bharat Electronics Limited | 0.58% | 0.74% |
| Adani Enterprises Limited | 0.98% | 0.52% |
| Lenskart Solutions Limited | 1.89% | 0.49% |
| Meesho Limited | 1.46% | 0.47% |
| The Federal Bank Limited | 2.55% | 0.42% |
| Jio Financial Services Limited | 1.02% | 0.38% |
| Cholamandalam Invest & Finance Co Ltd | 0.70% | 0.37% |
| Adani Port & Special Economic Zone Ltd | 0.35% | 0.74% |
| Bharat Heavy Electricals Limited | 0.42% | 0.32% |
| Coforge Limited | 1.12% | 0.32% |
| Tata Motors Passenger Vehicles Limited | 0.68% | 0.32% |
| IndusInd Bank Limited | 0.66% | 0.31% |
| Varun Beverages Limited | 1.24% | 0.31% |
| CG Power And Industrial Solutions Ltd | 0.66% | 0.31% |
| HDFC Life Insurance Company Limited | 0.46% | 0.29% |
| Life Insurance Corporation Of India | 2.05% | 0.29% |
| Larsen & Toubro Limited | 0.29% | 2.32% |
| IDFC First Bank Limited | 0.76% | 0.29% |
| GE Vernova T&D India Limited | 1.52% | 0.27% |
| Tata Consumer Products Limited | 0.26% | 0.32% |
| Indus Towers Limited | 0.31% | 0.26% |
| HDFC Asset Management Company Limited | 1.31% | 0.24% |
| FSN E-Commerce Ventures Limited | 0.82% | 0.23% |
| Polycab India Limited | 1.64% | 0.22% |
| Canara Bank | 1.70% | 0.21% |
| Punjab National Bank | 0.69% | 0.21% |
| Hitachi Energy India Limited | 1.32% | 0.20% |
| PB Fintech Limited | 0.33% | 0.20% |
| Bank of Baroda | 0.19% | 0.23% |
| Max Financial Services Limited | 0.18% | 0.19% |
| Radico Khaitan Limited | 0.71% | 0.18% |
| Aditya Birla Capital Limited | 0.30% | 0.17% |
| APAR INDUSTRIES LTD | 0.22% | 0.16% |
| Hindustan Unilever Limited | 0.16% | 0.89% |
| Navin Fluorine International Limited | 0.85% | 0.16% |
| Eicher Motors Limited | 0.15% | 0.52% |
| Steel Authority of India Limited | 1.20% | 0.14% |
| RBL Bank Limited | 0.21% | 0.13% |
| ABB India Limited | 0.13% | 0.19% |
| TVS Motor Company Limited | 0.13% | 0.51% |
| Ambuja Cements Limited | 0.52% | 0.12% |
| Billionbrains Garage Ventures Ltd. | 0.12% | 0.14% |
| City Union Bank Limited | 0.30% | 0.11% |
| KALYAN JEWELLERS INDIA LIMITED | 0.34% | 0.11% |
| Max Healthcare Institute Limited | 0.11% | 0.36% |
| Godrej Consumer Products Limited | 0.11% | 0.18% |
| DLF Limited | 0.11% | 0.23% |
| Nippon Life India Asset Management Ltd | 0.24% | 0.10% |
| ICICI Prudential AMC Ltd | 0.68% | 0.10% |
| Bandhan Bank Limited | 0.77% | 0.09% |
| Bank of India | 0.09% | 0.08% |
| LIC Housing Finance Limited | 0.71% | 0.08% |
| Container Corporation of India Limited | 0.45% | 0.08% |
| Godrej Properties Limited | 0.07% | 0.11% |
| Hindustan Aeronautics Limited | 0.06% | 0.46% |
| Thermax Limited | 0.06% | 0.07% |
| KEI Industries Limited | 0.06% | 0.14% |
| KFIN Technologies Limited | 0.94% | 0.06% |
| Aditya Infotech Limited | 1.58% | 0.06% |
| Indian Energy Exchange Limited | 0.49% | 0.05% |
| Godfrey Phillips India Limited | 0.61% | 0.04% |
| Hero MotoCorp Limited | 0.04% | 0.36% |
| Hindustan Zinc Limited | 0.04% | 0.14% |
| Kaynes Technology India Ltd. | 0.04% | 0.06% |
| Dixon Technologies (India) Limited | 0.04% | 0.29% |
| ITC Limited | 0.03% | 1.35% |
| The Indian Hotels Company Limited | 0.02% | 0.34% |
| PERSISTENT SYSTEMS LTD | 0.02% | 0.30% |
| Shriram Finance Limited | 0.02% | 0.72% |
| Hindalco Industries Limited | 0.01% | 0.72% |
| Eternal Limited | 0.01% | 1.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.1% means 38.1% 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 HSBC Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.06% GOI - 10-Apr-2028 | 2.94% |
| 6.36% GOI 16-Feb-2031 | 2.54% |
| 364 Days Treasury Bill 28-Jan-2027 | 1.58% |
| 364 Days Treasury Bill 04-Feb-2027 | 1.57% |
| REC Limited | 1.56% |
Largest holdings only in ICICI Prudential BSE 500 ETF
| Security | % of fund |
|---|---|
| Infosys Ltd. | 1.86% |
| Tata Consultancy Services Ltd. | 1.10% |
| Titan Company Ltd. | 0.99% |
| Maruti Suzuki India Ltd. | 0.82% |
| NTPC Ltd. | 0.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Equity Savings | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Equity | 73.3% | 100.0% |
| Debt | 21.1% | 0.0% |
| Cash and others | 5.6% | 0.0% |
Market cap of stocks
| Market cap | HSBC Equity Savings | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Large Cap | 49.2% | 67.1% |
| Mid Cap | 15.9% | 21.5% |
| Small Cap | 7.2% | 11.3% |
| Not on AMFI's list | 1.1% | 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 | HSBC Equity Savings | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Banks | 24.6% | 19.5% |
| Finance | 4.2% | 6.4% |
| Pharmaceuticals & Biotechnology | 2.7% | 5.8% |
| It - Software | 0.0% | 5.8% |
| Petroleum Products | 2.9% | 5.0% |
| Automobiles | 2.8% | 4.9% |
| Electrical Equipment | 4.5% | 2.5% |
| Retailing | 4.2% | 4.0% |
| Capital Markets | 3.8% | 1.8% |
| Ferrous Metals | 2.9% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Equity Savings vs ICICI Prudential BSE 500 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Equity Savings Fund | ICICI Prudential BSE 500 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.41% | Not available |
| Base expense ratio (Direct) | 0.51% | 0.00% |
| Total expense ratio (Regular) | 2.40% | Not available |
| Base expense ratio (Regular) | 1.35% | 0.26% |
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
HSBC Equity Savings Fund vs ICICI Prudential BSE 500 ETF: Frequently Asked Questions
What is the difference between HSBC Equity Savings Fund and ICICI Prudential BSE 500 ETF?
HSBC Equity Savings Fund is an Equity Savings fund, ICICI Prudential BSE 500 ETF is an ETF fund, run by HSBC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 38.1%. HSBC Equity Savings Fund charges 1.41% a year and ICICI Prudential BSE 500 ETF 0.33%.
Which has given higher returns, HSBC Equity Savings Fund or ICICI Prudential BSE 500 ETF?
Over 1 year: HSBC Equity Savings Fund +6.04%, ICICI Prudential BSE 500 ETF −7.94%. Over 3 years: HSBC Equity Savings Fund +12.81% a year, ICICI Prudential BSE 500 ETF +9.53% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Equity Savings Fund or ICICI Prudential BSE 500 ETF?
ICICI Prudential BSE 500 ETF charges less: 0.33% a year against 1.41%. These are the total expense ratios reported to AMFI.
How much do HSBC Equity Savings Fund and ICICI Prudential BSE 500 ETF overlap?
38.1%. They hold 86 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, HSBC Equity Savings Fund or ICICI Prudential BSE 500 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,25,484 in HSBC Equity Savings Fund (XIRR 9.1% a year) and ₹3,74,394 in ICICI Prudential BSE 500 ETF (XIRR 0.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Equity Savings Fund and ICICI Prudential BSE 500 ETF?
Yes. 38.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Equity Savings Fund and ICICI Prudential BSE 500 ETF?
HSBC Equity Savings Fund: Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh. ICICI Prudential BSE 500 ETF: Nishit Patel, Ajaykumar Solanki, 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.