ICICI Prudential Banking & Financial Services Fund vs Tata NIFTY Financial Services Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Banking & Financial Services Fund is a Thematic fund and Tata NIFTY Financial Services Index Fund is an Index fund. In the year to 30-10-2026, ICICI Prudential Banking & Financial Services Fund (Direct) returned −9.1% and Tata NIFTY Financial Services Index Fund (Direct) returned −9.5%. ICICI Prudential Banking & Financial Services Fund charges 1.25% a year and Tata NIFTY Financial Services Index Fund 0.58% (Direct plans). Their portfolios overlap 65.5%: they hold 16 of the same securities.
ICICI Prudential Banking & Financial Services Fund
Thematic
- 1 year return
- −9.1%
- Expense ratio
- 1.25%
- NAV
- ₹141.65
Tata NIFTY Financial Services Index Fund
Index
- 1 year return
- −9.5%
- Expense ratio
- 0.58%
- NAV
- ₹11.64
Which is better, ICICI Prudential Banking & Financial Services or Tata NIFTY Financial Services Index? 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 1 year: −9.1% against −9.5%.
- Tata NIFTY Financial Services Index costs less: 0.58% a year against 1.25% (Direct plans).
- ICICI Prudential Banking & Financial Services fell less in its worst fall since 30-04-2024: −17.0% against −17.4%.
- Tata NIFTY Financial Services Index 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 ₹77 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 | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹10,774 Cr (30-09-2026) | ₹77 Cr (30-09-2026) |
| NAV | ₹141.65 (Direct) | ₹11.64 (Direct) |
| Expense ratio (Direct) | 1.25% | 0.58% |
| Expense ratio (Regular) | 1.95% | 1.13% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 22-08-2008 | 26-04-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Antariksha Banerjee, Sharmila D'silva | Nitin Sharma, Rakesh Prajapati |
| 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. | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
ICICI Prudential Banking & Financial Services vs Tata NIFTY Financial Services Index: 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% |
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
| 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 Tata NIFTY Financial Services Index: Year-wise Returns
| Year | ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services | Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −9.60% | −10.13% | −9.69% |
| 2025 | +16.78% | +17.50% | +18.60% |
| 2024 | +12.52% | -- | +10.52% |
| 2023 | +18.86% | -- | +14.31% |
| 2022 | +12.95% | -- | +10.47% |
| 2021 | +24.45% | -- | +14.55% |
ICICI Prudential Banking & Financial Services vs Tata NIFTY Financial Services Index: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 371 of them, one for each trading day from 30-04-2025 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.
ICICI Prudential Banking & Financial Services Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Financial Services TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 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 | 30.7 | 10.5 | 8.9 | 22.9 | 20.2 | 6.5 | 0.3 | 7.8% | 9.8% | −10.1% | 25.4% | 16% |
| Tata NIFTY Financial Services Index | 26.4 | 13.7 | 6.5 | 20.5 | 21.0 | 11.3 | 0.5 | 8.7% | 11.1% | −11.5% | 25.7% | 0% |
| Nifty Financial Services TRI | 23.5 | 16.2 | 5.7 | 15.4 | 22.4 | 16.2 | 0.8 | 9.6% | 12.1% | −10.9% | 26.9% | -- |
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 30-04-2024. Past returns do not promise future returns.
ICICI Prudential Banking & Financial Services vs Tata NIFTY Financial Services Index: 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 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services Fund (Direct) | ₹3,10,000 | ₹3,10,116 | ₹116 | 0.0% |
| Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct) | ₹3,10,000 | ₹3,08,128 | −₹1,872 | −0.5% |
ICICI Prudential Banking & Financial ServicesICICI Prudential Banking & Financial Services Fund (Direct)
Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct)
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 Tata NIFTY Financial Services Index: 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) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.07% | −9.46% |
| Standard deviation | 15.18% | 17.58% |
| Sharpe ratio | -0.94 | -0.84 |
| Sortino ratio | -1.28 | -1.16 |
| Maximum drawdown | −17.0% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 0.84 | 1.00 |
| Alpha | −2.40% | −0.58% |
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) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.92% | +5.44% |
| Standard deviation | 19.51% | 16.69% |
| Sharpe ratio | 0.40 | -0.02 |
| Sortino ratio | 0.55 | -0.03 |
| Maximum drawdown | −47.8% (24-03-2020) | −17.4% (31-03-2026) |
| Beta | 0.87 | 1.00 |
| Alpha | +1.91% | −0.81% |
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)
Tata NIFTY Financial Services Index Fund (Direct)
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) | −17.0% | 06-01-2026 | 30-03-2026 | Not yet | -- | −11.0% |
| Tata NIFTY Financial Services Index Fund (Direct) | −17.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 30-04-2024, 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)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Banking & Financial Services Fund (Direct) | 91% | 92% | 4.00% |
| Tata NIFTY Financial Services Index Fund (Direct) | 98% | 102% | 0.20% |
From month-end values since 30-04-2024. 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 Tata NIFTY Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Banking & Financial Services Fund, September 2026; Tata NIFTY Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 65.5%
- Held by both
- 16
- Only in ICICI Prudential Banking & Financial Services
- 40
- Only in Tata NIFTY Financial Services Index
- 4
| Security | % of ICICI Prudential Banking & Financial Services | % of Tata NIFTY Financial Services Index |
|---|---|---|
| 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% | 0.58% |
| 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 Tata NIFTY Financial Services Index Fund
| 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 | Tata NIFTY Financial Services Index |
|---|---|---|
| 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 | Tata NIFTY Financial Services Index |
|---|---|---|
| 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 | Tata NIFTY Financial Services Index |
|---|---|---|
| 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 Tata NIFTY Financial Services Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Banking & Financial Services Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 0.58% |
| Base expense ratio (Direct) | 0.89% | 0.39% |
| Total expense ratio (Regular) | 1.95% | 1.13% |
| Base expense ratio (Regular) | 1.49% | 0.90% |
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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ICICI Prudential Banking & Financial Services Fund vs Tata NIFTY Financial Services Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Banking & Financial Services Fund and Tata NIFTY Financial Services Index Fund?
ICICI Prudential Banking & Financial Services Fund is a Thematic fund, Tata NIFTY Financial Services Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Tata Mutual Fund. Their portfolios overlap 65.5%. ICICI Prudential Banking & Financial Services Fund charges 1.25% a year and Tata NIFTY Financial Services Index Fund 0.58%.
Which has given higher returns, ICICI Prudential Banking & Financial Services Fund or Tata NIFTY Financial Services Index Fund?
Over 1 year: ICICI Prudential Banking & Financial Services Fund −9.07%, Tata NIFTY Financial Services Index Fund −9.46%. 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 Tata NIFTY Financial Services Index Fund?
Tata NIFTY Financial Services Index Fund charges less: 0.58% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Banking & Financial Services Fund and Tata NIFTY Financial Services Index Fund 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.
Can I invest in both ICICI Prudential Banking & Financial Services Fund and Tata NIFTY Financial Services Index Fund?
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 Tata NIFTY Financial Services Index Fund?
ICICI Prudential Banking & Financial Services Fund: Antariksha Banerjee, Sharmila D'silva. Tata NIFTY Financial Services Index Fund: Nitin Sharma, Rakesh Prajapati.
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.