ICICI Prudential Banking & Financial Services Fund vs Mirae Asset Nifty Financial Services 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 Mirae Asset Nifty Financial Services ETF is an ETF fund. In the 3 years to 30-10-2026, ICICI Prudential Banking & Financial Services Fund (Direct) returned 9.2% a year and Mirae Asset Nifty Financial Services ETF returned 9.6% a year. ICICI Prudential Banking & Financial Services Fund charges 1.25% a year and Mirae Asset Nifty Financial Services ETF 0.20%. Their portfolios overlap 65.5%: they hold 16 of the same securities.
ICICI Prudential Banking & Financial Services Fund
Thematic
- 3 year return
- 9.2%
- Expense ratio
- 1.25%
- NAV
- ₹141.65
Mirae Asset Nifty Financial Services ETF
ETF
- 3 year return
- 9.6%
- Expense ratio
- 0.20%
- NAV
- ₹25.73
Which is better, ICICI Prudential Banking & Financial Services or Mirae Asset Nifty Financial Services 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 Banking & Financial Services returned more over 5 years: 8.0% a year against 6.5%.
- Mirae Asset Nifty Financial Services ETF returned more over 3 years: 9.6% a year against 9.2%.
- Mirae Asset Nifty Financial Services ETF costs less: 0.20% a year against 1.25%.
- ICICI Prudential Banking & Financial Services swung less over 3 years: a standard deviation of 13.5% a year against 16.2%.
- ICICI Prudential Banking & Financial Services fell less in its worst fall since 02-08-2021: −20.3% against −23.2%.
- Mirae Asset Nifty Financial Services ETF holds more in large companies: 95.2% of the fund in large caps against 65.2%.
- ICICI Prudential Banking & Financial Services is the larger fund: ₹10,774 Cr against ₹369 Cr.
- Their portfolios overlap 65.5%: 16 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 | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹10,774 Cr (30-09-2026) | ₹369 Cr (30-09-2026) |
| NAV | ₹141.65 (Direct) | ₹25.73 |
| Expense ratio (Direct) | 1.25% | Not available |
| Expense ratio (Regular) | 1.95% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 22-08-2008 | 30-07-2021 |
| Minimum investment | ₹5,000 | On exchange ( in multiple of 1 units), Directly with AMC (in multiple of 3,00,000 units) |
| Lock in | None | None |
| Fund managers | Antariksha Banerjee, Sharmila D'silva | Ekta Gala, amp, Ritesh Patel |
| 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. | NIL |
ICICI Prudential Banking & Financial Services vs Mirae Asset Nifty Financial Services 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% |
| Mirae Asset Nifty Financial Services ETF | +0.29% | −5.67% | −2.95% | −9.05% | +9.59% | +6.50% | -- |
| 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 Mirae Asset Nifty Financial Services ETF: Year-wise Returns
| Year | ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services | Mirae Asset Nifty Financial Services ETFMirae Asset Nifty Financial Services ETF | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −9.60% | −9.79% | −9.69% |
| 2025 | +16.78% | +18.40% | +18.60% |
| 2024 | +12.52% | +10.31% | +10.52% |
| 2023 | +18.86% | +14.26% | +14.31% |
| 2022 | +12.95% | +10.34% | +10.47% |
| 2021 | +24.45% | -- | +14.55% |
ICICI Prudential Banking & Financial Services vs Mirae Asset Nifty Financial Services ETF: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 553 of them, one for each trading day from 02-08-2024 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.
ICICI Prudential Banking & Financial Services Fund (Direct)
Mirae Asset Nifty Financial Services ETF
Nifty Financial Services TRI
to
Oct 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Banking & Financial Services | 0.0 | 0.0 | 7.2 | 42.3 | 42.0 | 8.5 | 0.0 | 14.8% | 15.0% | 8.3% | 23.7% | 95% |
| Mirae Asset Nifty Financial Services ETF | 0.0 | 0.0 | 19.8 | 55.0 | 21.1 | 4.1 | 0.0 | 13.0% | 12.6% | 7.3% | 21.8% | 1% |
| Nifty Financial Services TRI | 0.0 | 0.0 | 17.7 | 55.9 | 22.1 | 4.3 | 0.0 | 13.1% | 12.7% | 7.4% | 21.9% | -- |
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 Financial Services 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 02-08-2021. Past returns do not promise future returns.
ICICI Prudential Banking & Financial Services vs Mirae Asset Nifty Financial Services 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 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services Fund (Direct) | ₹6,30,000 | ₹7,72,229 | ₹1,42,229 | 7.7% |
| Mirae Asset Nifty Financial Services ETFMirae Asset Nifty Financial Services ETF | ₹6,30,000 | ₹7,54,506 | ₹1,24,506 | 6.8% |
ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services Fund (Direct)
Mirae Asset Nifty Financial Services ETFMirae Asset Nifty Financial Services 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.
ICICI Prudential Banking & Financial Services vs Mirae Asset Nifty Financial Services 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) | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Return (CAGR) | −9.07% | −9.05% |
| Standard deviation | 15.18% | 17.61% |
| Sharpe ratio | -0.94 | -0.81 |
| Sortino ratio | -1.28 | -1.12 |
| Maximum drawdown | −17.0% (30-03-2026) | −17.3% (30-03-2026) |
| Beta | 0.84 | 1.00 |
| Alpha | −2.40% | −0.18% |
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 | ICICI Prudential Banking & Financial Services Fund (Direct) | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Return (CAGR) | +9.15% | +9.59% |
| Standard deviation | 13.53% | 16.22% |
| Sharpe ratio | 0.23 | 0.22 |
| Sortino ratio | 0.33 | 0.31 |
| Maximum drawdown | −17.0% (30-03-2026) | −17.3% (30-03-2026) |
| Beta | 0.81 | 1.00 |
| Alpha | +0.09% | −0.17% |
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 | ICICI Prudential Banking & Financial Services Fund (Direct) | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Return (CAGR) | +8.04% | +6.50% |
| Standard deviation | 14.32% | 16.68% |
| Sharpe ratio | 0.16 | 0.04 |
| Sortino ratio | 0.22 | 0.06 |
| Maximum drawdown | −18.9% (20-06-2022) | −21.4% (16-06-2022) |
| Beta | 0.83 | 1.00 |
| Alpha | +1.55% | −0.14% |
From daily NAVs, 29-10-2021 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 | ICICI Prudential Banking & Financial Services Fund (Direct) | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Return (CAGR) | +13.92% | +8.81% |
| Standard deviation | 19.51% | 16.60% |
| Sharpe ratio | 0.40 | 0.19 |
| Sortino ratio | 0.55 | 0.26 |
| Maximum drawdown | −47.8% (24-03-2020) | −23.2% (16-06-2022) |
| Beta | 0.87 | 1.00 |
| Alpha | +1.91% | −0.13% |
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)
Mirae Asset Nifty Financial Services 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) | −20.3% | 26-10-2021 | 20-06-2022 | 28-11-2022 | 5 months | −11.0% |
| Mirae Asset Nifty Financial Services ETF | −23.2% | 26-10-2021 | 16-06-2022 | 15-05-2023 | 11 months | −12.5% |
| Nifty Financial Services TRI | −23.1% | 26-10-2021 | 16-06-2022 | 04-05-2023 | 11 months | −12.4% |
From daily values since 02-08-2021, 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.
ICICI Prudential Banking & Financial Services Fund (Direct)
Mirae Asset Nifty Financial Services ETF
Nifty Financial Services 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.
ICICI Prudential Banking & Financial Services Fund (Direct)
Mirae Asset Nifty Financial Services ETF
Nifty Financial Services TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Banking & Financial Services Fund (Direct)
Mirae Asset Nifty Financial Services ETF
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Banking & Financial Services Fund (Direct) | 95% | 85% | 4.42% |
| Mirae Asset Nifty Financial Services ETF | 100% | 100% | 0.06% |
From month-end values since 02-08-2021. 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.
ICICI Prudential Banking & Financial Services vs Mirae Asset Nifty Financial Services ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Banking & Financial Services Fund, September 2026; Mirae Asset Nifty Financial Services ETF, September 2026
Holdings in common
- Overlap
- 65.5%
- Held by both
- 16
- Only in ICICI Prudential Banking & Financial Services
- 40
- Only in Mirae Asset Nifty Financial Services ETF
- 4
| Security | % of ICICI Prudential Banking & Financial Services | % of Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| HDFC Bank Ltd. | 13.84% | 18.64% |
| ICICI Bank Ltd. | 13.46% | 14.20% |
| Kotak Mahindra Bank Ltd. | 9.36% | 10.11% |
| Axis Bank Ltd. | 8.88% | 10.18% |
| State Bank Of India | 5.23% | 9.94% |
| Bajaj Finserv Ltd. | 2.63% | 3.31% |
| SBI Life Insurance Company Ltd. | 3.15% | 2.51% |
| HDFC Life Insurance Company Ltd. | 2.63% | 1.85% |
| BSE Ltd. | 1.62% | 4.16% |
| Bajaj Finance Ltd. | 1.46% | 8.62% |
| ICICI Lombard General Insurance Company Ltd. | 2.77% | 1.25% |
| Max Financial Services Ltd. | 1.57% | 1.18% |
| Cholamandalam Investment And Finance Company Ltd. | 0.89% | 2.31% |
| SBI Cards & Payment Services Ltd. | 3.09% | 0.57% |
| LIC Housing Finance Ltd. | 2.19% | 0.53% |
| Muthoot Finance Ltd. | 0.26% | 0.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 65.5% means 65.5% 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 |
|---|---|
| Anand Rathi Wealth Ltd. | 1.77% |
| HDB Financial Services Ltd. | 1.66% |
| Can Fin Homes Ltd. | 1.59% |
| PNB Housing Finance Ltd. | 1.55% |
| Life Insurance Corporation of India | 1.43% |
Largest holdings only in Mirae Asset Nifty Financial Services ETF
| Security | % of fund |
|---|---|
| Shriram Finance Ltd. | 4.53% |
| Jio Financial Services Ltd. | 2.34% |
| Power Finance Corporation Ltd. | 1.56% |
| REC Ltd. | 1.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Banking & Financial Services | Mirae Asset Nifty Financial Services 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 | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Large Cap | 65.2% | 95.2% |
| Mid Cap | 12.5% | 4.2% |
| Small Cap | 18.4% | 0.5% |
| 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 | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Banks | 52.1% | 63.1% |
| Finance | 21.9% | 26.0% |
| Insurance | 15.1% | 6.8% |
| Capital Markets | 7.8% | 4.2% |
| 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 Mirae Asset Nifty Financial Services ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Banking & Financial Services Fund | Mirae Asset Nifty Financial Services 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% | 0.11% |
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
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ICICI Prudential Banking & Financial Services Fund vs Mirae Asset Nifty Financial Services ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Banking & Financial Services Fund and Mirae Asset Nifty Financial Services ETF?
ICICI Prudential Banking & Financial Services Fund is a Thematic fund, Mirae Asset Nifty Financial Services ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 65.5%. ICICI Prudential Banking & Financial Services Fund charges 1.25% a year and Mirae Asset Nifty Financial Services ETF 0.20%.
Which has given higher returns, ICICI Prudential Banking & Financial Services Fund or Mirae Asset Nifty Financial Services ETF?
Over 1 year: ICICI Prudential Banking & Financial Services Fund −9.07%, Mirae Asset Nifty Financial Services ETF −9.05%. Over 3 years: ICICI Prudential Banking & Financial Services Fund +9.15% a year, Mirae Asset Nifty Financial Services ETF +9.59% a year. Over 5 years: ICICI Prudential Banking & Financial Services Fund +8.04% a year, Mirae Asset Nifty Financial Services ETF +6.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Banking & Financial Services Fund or Mirae Asset Nifty Financial Services ETF?
Mirae Asset Nifty Financial Services ETF charges less: 0.20% a year against 1.25%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Banking & Financial Services Fund and Mirae Asset Nifty Financial Services ETF overlap?
65.5%. They hold 16 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Banking & Financial Services Fund or Mirae Asset Nifty Financial Services ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,41,113 in ICICI Prudential Banking & Financial Services Fund (XIRR 7.6% a year) and ₹7,24,663 in Mirae Asset Nifty Financial Services ETF (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Banking & Financial Services Fund and Mirae Asset Nifty Financial Services ETF?
Yes. 65.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Banking & Financial Services Fund and Mirae Asset Nifty Financial Services ETF?
ICICI Prudential Banking & Financial Services Fund: Antariksha Banerjee, Sharmila D'silva. Mirae Asset Nifty Financial Services ETF: Ekta Gala, amp, Ritesh Patel.
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.