ICICI Prudential Banking & Financial Services Fund vs ICICI Prudential BSE Insurance ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Banking & Financial Services Fund is a Thematic fund and ICICI Prudential BSE Insurance ETF is an ETF fund. ICICI Prudential Banking & Financial Services Fund charges 1.25% a year and ICICI Prudential BSE Insurance ETF 0.72%. Their portfolios overlap 15.0%: they hold 11 of the same securities.
ICICI Prudential Banking & Financial Services Fund
Thematic
- Expense ratio
- 1.25%
- NAV
- ₹141.65
ICICI Prudential BSE Insurance ETF
ETF
- Expense ratio
- 0.72%
- NAV
- ₹14.02
Which is better, ICICI Prudential Banking & Financial Services or ICICI Prudential BSE Insurance 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 BSE Insurance ETF costs less: 0.72% a year against 1.25%.
- ICICI Prudential Banking & Financial Services fell less in its worst fall since 03-08-2026: −7.0% against −11.5%.
- ICICI Prudential Banking & Financial Services is the larger fund: ₹10,774 Cr against ₹79 Cr.
- Their portfolios overlap 15.0%: 11 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 | ICICI Prudential Banking & Financial Services Fund | ICICI Prudential BSE Insurance ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹10,774 Cr (30-09-2026) | ₹79 Cr (30-09-2026) |
| NAV | ₹141.65 (Direct) | ₹14.02 |
| Expense ratio (Direct) | 1.25% | Not available |
| Expense ratio (Regular) | 1.95% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Financial Services TRI | BSE Insurance TRI |
| Launch date | 22-08-2008 | 31-07-2026 |
| 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 | Antariksha Banerjee, Sharmila D'silva | Nishit Patel, Ashwini Shinde, Venus Ahuja |
| Exit load | 1% of applicable Net Asset Value - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment. | 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. |
ICICI Prudential Banking & Financial Services vs ICICI Prudential BSE Insurance 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Banking & Financial Services Fund (Direct) | −0.69% | −4.32% | −1.84% | −9.07% | +9.15% | +8.04% | +11.30% |
| ICICI Prudential BSE Insurance ETF | −3.35% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Banking & Financial Services vs ICICI Prudential BSE Insurance ETF: Year-wise Returns
| Year | Banking & Financial ServicesICICI Prudential Banking & Financial Services | BSE Insurance ETFICICI Prudential BSE Insurance ETF |
|---|---|---|
| 2026to date | −9.60% | -- |
| 2025 | +16.78% | -- |
| 2024 | +12.52% | -- |
| 2023 | +18.86% | -- |
| 2022 | +12.95% | -- |
| 2021 | +24.45% | -- |
ICICI Prudential Banking & Financial Services vs ICICI Prudential BSE Insurance ETF: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of ICICI Prudential Banking & Financial Services Fund
ICICI Prudential Banking & Financial Services vs ICICI Prudential BSE Insurance ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Banking & Financial Services Fund (Direct) | ICICI Prudential BSE Insurance ETF |
|---|---|---|
| Return (CAGR) | +13.92% | −39.74% |
| Standard deviation | 19.51% | 16.05% |
| Sharpe ratio | 0.40 | -2.80 |
| Sortino ratio | 0.55 | -3.52 |
| Maximum drawdown | −47.8% (24-03-2020) | −11.5% (30-10-2026) |
| Beta | 0.87 | 1.00 |
| Alpha | +1.91% | +0.67% |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Banking & Financial Services Fund (Direct)
ICICI Prudential BSE Insurance ETF
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Banking & Financial Services Fund (Direct) | −7.0% | 03-08-2026 | 27-10-2026 | Not yet | -- | −6.0% |
| ICICI Prudential BSE Insurance ETF | −11.5% | 03-08-2026 | 30-10-2026 | Not yet | -- | −11.5% |
| Nifty Financial Services TRI | −9.9% | 03-08-2026 | 27-10-2026 | Not yet | -- | −8.3% |
From daily values since 03-08-2026, the first day every fund has.
ICICI Prudential Banking & Financial Services vs ICICI Prudential BSE Insurance ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Banking & Financial Services Fund, September 2026; ICICI Prudential BSE Insurance ETF, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 11
- Only in ICICI Prudential Banking & Financial Services
- 45
- Only in ICICI Prudential BSE Insurance ETF
- 2
| Security | % of ICICI Prudential Banking & Financial Services | % of ICICI Prudential BSE Insurance ETF |
|---|---|---|
| SBI Life Insurance Company Ltd. | 3.15% | 23.29% |
| ICICI Lombard General Insurance Company Ltd. | 2.77% | 11.83% |
| HDFC Life Insurance Company Ltd. | 2.63% | 16.87% |
| Max Financial Services Ltd. | 1.57% | 11.04% |
| Life Insurance Corporation of India | 1.43% | 16.75% |
| Go Digit General Insurance Ltd | 1.30% | 1.98% |
| ICICI Prudential Life Insurance Company Ltd. | 0.66% | 5.30% |
| Medi Assist Healthcare Services Ltd | 0.79% | 0.66% |
| Star Health & Allied Insurance | 0.47% | 3.84% |
| General Insurance Corporation of India | 0.29% | 4.09% |
| Canara HSBC Life Insurance Co Ltd | 0.09% | 1.64% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 ICICI Prudential Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 13.84% |
| ICICI Bank Ltd. | 13.46% |
| Kotak Mahindra Bank Ltd. | 9.36% |
| Axis Bank Ltd. | 8.88% |
| State Bank Of India | 5.23% |
Largest holdings only in ICICI Prudential BSE Insurance ETF
| Security | % of fund |
|---|---|
| Niva Bupa Health Insurance Company Ltd. | 1.44% |
| The New India Assurance Company Ltd. | 1.26% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Banking & Financial Services | ICICI Prudential BSE Insurance ETF |
|---|---|---|
| Equity | 97.1% | 100.0% |
| Debt | 1.5% | 0.0% |
| Cash and others | 1.4% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Banking & Financial Services | ICICI Prudential BSE Insurance ETF |
|---|---|---|
| Large Cap | 65.2% | 56.9% |
| Mid Cap | 12.5% | 32.3% |
| Small Cap | 18.4% | 10.8% |
| Not on AMFI's list | 1.0% | 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 | ICICI Prudential Banking & Financial Services | ICICI Prudential BSE Insurance ETF |
|---|---|---|
| Insurance | 15.1% | 100.0% |
| Banks | 52.1% | 0.0% |
| Finance | 21.9% | 0.0% |
| Capital Markets | 7.8% | 0.0% |
| Commercial Services & Supplies | 0.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Banking & Financial Services vs ICICI Prudential BSE Insurance ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Banking & Financial Services Fund | ICICI Prudential BSE Insurance ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | Not available |
| Base expense ratio (Direct) | 0.89% | 0.00% |
| Total expense ratio (Regular) | 1.95% | Not available |
| Base expense ratio (Regular) | 1.49% | 0.35% |
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.
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Each fund against the others of its category
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ICICI Prudential Banking & Financial Services Fund vs ICICI Prudential BSE Insurance ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Banking & Financial Services Fund and ICICI Prudential BSE Insurance ETF?
ICICI Prudential Banking & Financial Services Fund is a Thematic fund, ICICI Prudential BSE Insurance ETF is an ETF fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 15.0%. ICICI Prudential Banking & Financial Services Fund charges 1.25% a year and ICICI Prudential BSE Insurance ETF 0.72%.
Which has the lower expense ratio, ICICI Prudential Banking & Financial Services Fund or ICICI Prudential BSE Insurance ETF?
ICICI Prudential BSE Insurance ETF charges less: 0.72% a year against 1.25%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Banking & Financial Services Fund and ICICI Prudential BSE Insurance ETF overlap?
15.0%. They hold 11 of the same securities, the largest shared ones being SBILIFE, ICICIGI, HDFCLIFE. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Banking & Financial Services Fund and ICICI Prudential BSE Insurance ETF?
Yes. 15.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Banking & Financial Services Fund and ICICI Prudential BSE Insurance ETF?
ICICI Prudential Banking & Financial Services Fund: Antariksha Banerjee, Sharmila D'silva. ICICI Prudential BSE Insurance ETF: Nishit Patel, Ashwini Shinde, 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.