ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential BSE Insurance ETF is an ETF fund and Motilal Oswal BSE Financials ex Bank 30 Index Fund is an Index fund. ICICI Prudential BSE Insurance ETF charges 0.72% a year and Motilal Oswal BSE Financials ex Bank 30 Index Fund 0.54%. Their portfolios overlap 19.2%: they hold 7 of the same securities.
ICICI Prudential BSE Insurance ETF
ETF
- Expense ratio
- 0.72%
- NAV
- ₹14.02
Motilal Oswal BSE Financials ex Bank 30 Index Fund
Index
- Expense ratio
- 0.54%
- NAV
- ₹15.73
Which is better, ICICI Prudential BSE Insurance ETF or Motilal Oswal BSE Financials ex Bank 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal BSE Financials ex Bank 30 Index costs less: 0.54% a year against 0.72%.
- ICICI Prudential BSE Insurance ETF fell less in its worst fall since 03-08-2026: −11.5% against −16.4%.
- ICICI Prudential BSE Insurance ETF is the larger fund: ₹79 Cr against ₹30 Cr.
- Their portfolios overlap 19.2%: 7 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 BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Index |
| AUM | ₹79 Cr (30-09-2026) | ₹30 Cr (30-09-2026) |
| NAV | ₹14.02 | ₹15.73 (Direct) |
| Expense ratio (Direct) | Not available | 0.54% |
| Expense ratio (Regular) | Not available | 1.12% |
| Riskometer | Not available | Very High |
| Benchmark | BSE Insurance TRI | BSE Financials ex Bank 30 TRI |
| Launch date | 31-07-2026 | 29-07-2022 |
| Minimum investment | 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 | ₹500 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Shinde, Venus Ahuja | Swapnil Mayekar, Abhiroop Mukherjee |
| Exit load | 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. | Exit load-1%- If redeemed within 15 days from the date of allotment. |
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 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 BSE Insurance ETF | −3.35% | -- | -- | -- | -- | -- | -- |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | −5.12% | −11.92% | −8.09% | −13.20% | +9.69% | -- | -- |
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Year-wise Returns
| Year | ICICI Prudential BSE Insurance ETFICICI Prudential BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 IndexMotilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| 2026to date | -- | −14.46% |
| 2025 | -- | +22.64% |
| 2024 | -- | +13.25% |
| 2023 | -- | +32.46% |
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Rolling Returns
Every holding period of both funds, against BSE Insurance TRI, the benchmark of ICICI Prudential BSE Insurance ETF
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −39.74% | +11.19% |
| Standard deviation | 16.05% | 18.47% |
| Sharpe ratio | -2.80 | 0.27 |
| Sortino ratio | -3.52 | 0.38 |
| Maximum drawdown | −11.5% (30-10-2026) | −17.8% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | +0.67% | −0.74% |
From daily NAVs, 03-08-2026 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 BSE Insurance ETF
Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct)
BSE Insurance TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential BSE Insurance ETF | −11.5% | 03-08-2026 | 30-10-2026 | Not yet | -- | −11.5% |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund (Direct) | −16.4% | 06-08-2026 | 27-10-2026 | Not yet | -- | −15.7% |
| BSE Insurance TRI | −11.7% | 03-08-2026 | 30-10-2026 | Not yet | -- | −11.7% |
From daily values since 03-08-2026, the first day every fund has.
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential BSE Insurance ETF, September 2026; Motilal Oswal BSE Financials ex Bank 30 Index Fund, September 2026
Holdings in common
- Overlap
- 19.2%
- Held by both
- 7
- Only in ICICI Prudential BSE Insurance ETF
- 6
- Only in Motilal Oswal BSE Financials ex Bank 30 Index
- 23
| Security | % of ICICI Prudential BSE Insurance ETF | % of Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| SBI Life Insurance Company Ltd. | 23.29% | 5.01% |
| HDFC Life Insurance Company Ltd. | 16.87% | 3.63% |
| Life Insurance Corporation of India | 16.75% | 3.60% |
| ICICI Lombard General Insurance Company Ltd. | 11.83% | 2.54% |
| Max Financial Services Ltd. | 11.04% | 2.37% |
| ICICI Prudential Life Insurance Company Ltd. | 5.30% | 1.14% |
| General Insurance Corporation of India | 4.09% | 0.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.2% means 19.2% 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 BSE Insurance ETF
| Security | % of fund |
|---|---|
| Star Health & Allied Insurance | 3.84% |
| Go Digit General Insurance Ltd | 1.98% |
| Canara HSBC Life Insurance Co Ltd | 1.64% |
| Niva Bupa Health Insurance Company Ltd. | 1.44% |
| The New India Assurance Company Ltd. | 1.26% |
Largest holdings only in Motilal Oswal BSE Financials ex Bank 30 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd | 15.93% |
| Shriram Finance Limited | 8.96% |
| Bajaj Finserv Limited | 6.37% |
| Multi Commodity Exchange of India Limited | 5.52% |
| One 97 Communications Limited | 4.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.1% |
Market cap of stocks
| Market cap | ICICI Prudential BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| Large Cap | 56.9% | 65.0% |
| Mid Cap | 32.3% | 33.9% |
| Small Cap | 10.8% | 1.0% |
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 BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index |
|---|---|---|
| Insurance | 100.0% | 19.2% |
| Finance | 0.0% | 62.0% |
| Capital Markets | 0.0% | 11.6% |
| Financial Technology (Fintech) | 0.0% | 7.2% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential BSE Insurance ETF | Motilal Oswal BSE Financials ex Bank 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.54% |
| Base expense ratio (Direct) | 0.00% | 0.37% |
| Total expense ratio (Regular) | Not available | 1.12% |
| Base expense ratio (Regular) | 0.35% | 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.
ICICI Prudential BSE Insurance ETF vs Motilal Oswal BSE Financials ex Bank 30 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund?
ICICI Prudential BSE Insurance ETF is an ETF fund, Motilal Oswal BSE Financials ex Bank 30 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 19.2%. ICICI Prudential BSE Insurance ETF charges 0.72% a year and Motilal Oswal BSE Financials ex Bank 30 Index Fund 0.54%.
Which has the lower expense ratio, ICICI Prudential BSE Insurance ETF or Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Motilal Oswal BSE Financials ex Bank 30 Index Fund charges less: 0.54% a year against 0.72%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund overlap?
19.2%. They hold 7 of the same securities, the largest shared ones being SBILIFE, HDFCLIFE, LICI. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund?
Yes. 19.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential BSE Insurance ETF and Motilal Oswal BSE Financials ex Bank 30 Index Fund?
ICICI Prudential BSE Insurance ETF: Nishit Patel, Ashwini Shinde, Venus Ahuja. Motilal Oswal BSE Financials ex Bank 30 Index Fund: Swapnil Mayekar, Abhiroop Mukherjee.
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.