ICICI Prudential Commodities Fund vs Motilal Oswal Nifty Metal ETF
Direct Plan where a fund has one, Growth option · Data as on 29-10-2026
ICICI Prudential Commodities Fund is a Thematic fund and Motilal Oswal Nifty Metal ETF is a mutual fund. ICICI Prudential Commodities Fund charges 1.04% a year and Motilal Oswal Nifty Metal ETF 4.67%. Their portfolios overlap 39.0%: they hold 11 of the same securities.
ICICI Prudential Commodities Fund
Thematic
- Expense ratio
- 1.04%
- NAV
- ₹47.23
Which is better, ICICI Prudential Commodities or Motilal Oswal Nifty Metal 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 Commodities costs less: 1.04% a year against 4.67%.
- ICICI Prudential Commodities fell less in its worst fall since 06-08-2026: −14.3% against −15.1%.
- ICICI Prudential Commodities holds 8.2% of the fund in foreign stocks; Motilal Oswal Nifty Metal ETF 0.0%.
- Motilal Oswal Nifty Metal ETF holds more in large companies: 78.2% of the fund in large caps against 39.0%.
- ICICI Prudential Commodities is the larger fund: ₹4,133 Cr against ₹2 Cr.
- Their portfolios overlap 39.0%: 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 Commodities Fund | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹4,133 Cr (30-09-2026) | ₹2 Cr (30-09-2026) |
| NAV | ₹47.23 (Direct) | ₹11.80 |
| Expense ratio (Direct) | 1.04% | Not available |
| Expense ratio (Regular) | 1.96% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Commodities TRI | Not available |
| Launch date | 15-10-2019 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Lalit Kumar | Not available |
| Exit load | Exit load of 1% if redeemed within 3 months. | Not available |
ICICI Prudential Commodities vs Motilal Oswal Nifty Metal 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 Commodities Fund (Direct) | −6.18% | −7.54% | −8.89% | −2.42% | +14.92% | +13.00% | -- |
| Motilal Oswal Nifty Metal ETF | −7.52% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Commodities vs Motilal Oswal Nifty Metal ETF: Year-wise Returns
| Year | ICICI Prudential CommoditiesICICI Prudential Commodities | Motilal Oswal Nifty Metal ETFMotilal Oswal Nifty Metal ETF |
|---|---|---|
| 2026to date | −3.61% | -- |
| 2025 | +19.19% | -- |
| 2024 | +9.45% | -- |
| 2023 | +28.72% | -- |
| 2022 | +16.25% | -- |
| 2021 | +72.75% | -- |
ICICI Prudential Commodities vs Motilal Oswal Nifty Metal ETF: Rolling Returns
Every holding period of both funds, against Nifty Commodities TRI, the benchmark of ICICI Prudential Commodities Fund
ICICI Prudential Commodities vs Motilal Oswal Nifty Metal ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Commodities Fund (Direct) | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Return (CAGR) | +24.69% | −36.61% |
| Standard deviation | 22.74% | 20.84% |
| Sharpe ratio | 0.86 | -2.01 |
| Sortino ratio | 1.17 | -2.40 |
| Maximum drawdown | −41.2% (24-03-2020) | −15.1% (23-10-2026) |
| Beta | 1.01 | 1.00 |
| Alpha | +7.83% | −0.31% |
From daily NAVs, 16-10-2019 to 29-10-2026. 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 Commodities Fund (Direct)
Motilal Oswal Nifty Metal ETF
Nifty Commodities TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Commodities Fund (Direct) | −14.3% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.0% |
| Motilal Oswal Nifty Metal ETF | −15.1% | 26-08-2026 | 23-10-2026 | Not yet | -- | −12.8% |
| Nifty Commodities TRI | −11.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −10.2% |
From daily values since 06-08-2026, the first day every fund has.
ICICI Prudential Commodities vs Motilal Oswal Nifty Metal ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Commodities Fund, September 2026; Motilal Oswal Nifty Metal ETF, September 2026
Holdings in common
- Overlap
- 39.0%
- Held by both
- 11
- Only in ICICI Prudential Commodities
- 35
- Only in Motilal Oswal Nifty Metal ETF
- 4
| Security | % of ICICI Prudential Commodities | % of Motilal Oswal Nifty Metal ETF |
|---|---|---|
| JSW Steel Ltd. | 6.62% | 13.60% |
| Vedanta Aluminium Metal Ltd. | 6.57% | 7.92% |
| Jindal Steel Ltd. | 7.67% | 4.74% |
| Hindalco Industries Ltd. | 4.51% | 15.37% |
| Vedanta Ltd. | 3.79% | 5.14% |
| APL Apollo Tubes Ltd. | 2.85% | 4.49% |
| Jindal Stainless Ltd. | 4.69% | 2.64% |
| National Aluminium Company Ltd. | 2.40% | 3.45% |
| Steel Authority Of India Ltd. | 2.14% | 2.96% |
| Tata Steel Ltd. | 2.00% | 17.24% |
| Hindustan Zinc Ltd. | 0.72% | 3.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.0% means 39.0% 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 Commodities Fund
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Ltd. | 8.28% |
| UPL Ltd. | 3.90% |
| Ultratech Cement Ltd. | 3.89% |
| Usha Martin Ltd. | 3.79% |
| Navin Fluorine International Ltd. | 3.36% |
Largest holdings only in Motilal Oswal Nifty Metal ETF
| Security | % of fund |
|---|---|
| Adani Enterprises Limited | 11.10% |
| NMDC Limited | 2.98% |
| Lloyds Metals And Energy Limited | 2.91% |
| Hindustan Copper Limited | 2.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Commodities | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Equity | 98.0% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | 0.3% |
Market cap of stocks
| Market cap | ICICI Prudential Commodities | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Large Cap | 39.0% | 78.2% |
| Mid Cap | 26.9% | 21.5% |
| Small Cap | 23.8% | 0.0% |
| Foreign stocks | 8.2% | 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 Commodities | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Ferrous Metals | 23.5% | 41.2% |
| Non - Ferrous Metals | 18.2% | 31.9% |
| Chemicals & Petrochemicals | 17.6% | 0.0% |
| Metals & Minerals Trading | 0.0% | 11.1% |
| Petroleum Products | 9.6% | 0.0% |
| Industrial Products | 7.3% | 4.5% |
| Fertilizers & Agrochemicals | 7.0% | 0.0% |
| Minerals & Mining | 0.1% | 5.9% |
| Diversified Metals | 3.8% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Commodities vs Motilal Oswal Nifty Metal ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Commodities Fund | Motilal Oswal Nifty Metal ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | Not available |
| Base expense ratio (Direct) | 0.84% | 0.00% |
| Total expense ratio (Regular) | 1.96% | Not available |
| Base expense ratio (Regular) | 1.63% | 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.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Commodities with
ICICI Prudential Commodities Fund vs Motilal Oswal Nifty Metal ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Commodities Fund and Motilal Oswal Nifty Metal ETF?
ICICI Prudential Commodities Fund is a Thematic fund, Motilal Oswal Nifty Metal ETF is a mutual fund, run by ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 39.0%. ICICI Prudential Commodities Fund charges 1.04% a year and Motilal Oswal Nifty Metal ETF 4.67%.
Which has the lower expense ratio, ICICI Prudential Commodities Fund or Motilal Oswal Nifty Metal ETF?
ICICI Prudential Commodities Fund charges less: 1.04% a year against 4.67%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Commodities Fund and Motilal Oswal Nifty Metal ETF overlap?
39.0%. They hold 11 of the same securities, the largest shared ones being JSWSTEEL, VAML, JINDALSTEL. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Commodities Fund and Motilal Oswal Nifty Metal ETF?
Yes. 39.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.