ICICI Prudential Commodities Fund vs Nippon India Power & Infra Fund
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential Commodities Fund is a Thematic fund and Nippon India Power & Infra Fund is a Sectoral fund. In the 3 years to 30-10-2026, ICICI Prudential Commodities Fund (Direct) returned 14.9% a year and Nippon India Power & Infra Fund (Direct) returned 16.4% a year. ICICI Prudential Commodities Fund charges 1.04% a year and Nippon India Power & Infra Fund 1.11% (Direct plans). Their portfolios overlap 5.2%: they hold 4 of the same securities.
ICICI Prudential Commodities Fund
Thematic
- 3 year return
- 14.9%
- Expense ratio
- 1.04%
- NAV
- ₹47.23
Nippon India Power & Infra Fund
Sectoral
- 3 year return
- 16.4%
- Expense ratio
- 1.11%
- NAV
- ₹381.72
Which is better, ICICI Prudential Commodities or Nippon India Power & Infra? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Power & Infra returned more over 5 years: 18.4% a year against 13.0%.
- Nippon India Power & Infra returned more over 3 years: 16.4% a year against 14.9%.
- ICICI Prudential Commodities costs less: 1.04% a year against 1.11% (Direct plans).
- Nippon India Power & Infra swung less over 3 years: a standard deviation of 17.7% a year against 19.2%.
- Nippon India Power & Infra fell less in its worst fall since 16-10-2019: −40.5% against −41.2%.
- ICICI Prudential Commodities holds 8.2% of the fund in foreign stocks; Nippon India Power & Infra 0.0%.
- Nippon India Power & Infra is the larger fund: ₹7,867 Cr against ₹4,133 Cr.
- Their portfolios overlap 5.2%: 4 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 | Nippon India Power & Infra Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Sectoral |
| AUM | ₹4,133 Cr (30-09-2026) | ₹7,867 Cr (30-09-2026) |
| NAV | ₹47.23 (Direct) | ₹381.72 (Direct) |
| Expense ratio (Direct) | 1.04% | 1.11% |
| Expense ratio (Regular) | 1.96% | 1.96% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Commodities TRI | Nifty Infrastructure TRI |
| Launch date | 15-10-2019 | 08-05-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Lalit Kumar | Rahul Modi |
| Exit load | Exit load of 1% if redeemed within 3 months. | Exit load of 1% if redeemed within 1 month. |
ICICI Prudential Commodities vs Nippon India Power & Infra: 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% | -- |
| Nippon India Power & Infra Fund (Direct) | −5.27% | −7.40% | −7.57% | −2.17% | +16.41% | +18.38% | +16.60% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
Category average: the average of the 235 Thematic funds and the 20 Sectoral funds, same plan type.
ICICI Prudential Commodities vs Nippon India Power & Infra: Year-wise Returns
| Year | ICICI Prudential CommoditiesICICI Prudential Commodities | Nippon India Power & InfraNippon India Power & Infra |
|---|---|---|
| 2026to date | −3.61% | +1.60% |
| 2025 | +19.19% | +0.37% |
| 2024 | +9.45% | +27.98% |
| 2023 | +28.72% | +59.03% |
| 2022 | +16.25% | +11.64% |
| 2021 | +72.75% | +49.69% |
ICICI Prudential Commodities vs Nippon India Power & Infra: Rolling Returns
Every holding period of both funds, against Nifty Commodities TRI, the benchmark of ICICI Prudential Commodities Fund
Rolling returns
Every 3-year holding period, 994 of them, one for each trading day from 17-10-2022 to 29-10-2026: 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 Commodities Fund (Direct)
Nippon India Power & Infra Fund (Direct)
Nifty Commodities TRI
to
Feb 2023Oct 2020
to
Oct 2023Jun 2021
to
Jun 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 Commodities | 0.0 | 0.0 | 0.0 | 4.3 | 27.8 | 25.4 | 42.6 | 28.3% | 22.3% | 11.7% | 63.4% | 86% |
| Nippon India Power & Infra | 0.0 | 0.0 | 0.0 | 0.0 | 4.0 | 15.7 | 80.3 | 31.1% | 30.9% | 15.4% | 43.5% | 98% |
| Nifty Commodities TRI | 0.0 | 0.0 | 0.5 | 12.2 | 29.1 | 32.2 | 26.1 | 21.5% | 21.5% | 8.9% | 40.5% | -- |
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 Commodities 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 16-10-2019. Past returns do not promise future returns.
ICICI Prudential Commodities vs Nippon India Power & Infra: 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 16-10-2019 to 29-10-2026: 85 instalments, ₹8,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential CommoditiesICICI Prudential Commodities Fund (Direct) | ₹8,50,000 | ₹17,72,885 | ₹9,22,885 | 20.4% |
| Nippon India Power & InfraNippon India Power & Infra Fund (Direct) | ₹8,50,000 | ₹18,12,852 | ₹9,62,852 | 21.0% |
ICICI Prudential CommoditiesICICI Prudential Commodities Fund (Direct)
Nippon India Power & InfraNippon India Power & Infra 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 Commodities vs Nippon India Power & Infra: 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) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.42% | −2.17% |
| Standard deviation | 18.97% | 16.74% |
| Sharpe ratio | -0.40 | -0.44 |
| Sortino ratio | -0.54 | -0.60 |
| Maximum drawdown | −14.3% (23-10-2026) | −12.8% (23-10-2026) |
| Beta | 1.08 | 0.99 |
| Alpha | +2.70% | +5.39% |
From daily NAVs, 29-10-2025 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.
| Measure | ICICI Prudential Commodities Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.92% | +16.41% |
| Standard deviation | 19.20% | 17.73% |
| Sharpe ratio | 0.46 | 0.59 |
| Sortino ratio | 0.62 | 0.78 |
| Maximum drawdown | −18.5% (07-04-2025) | −25.6% (28-02-2025) |
| Beta | 0.96 | 0.97 |
| Alpha | +0.95% | +2.80% |
From daily NAVs, 27-10-2023 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.
| Measure | ICICI Prudential Commodities Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.00% | +18.38% |
| Standard deviation | 19.27% | 16.86% |
| Sharpe ratio | 0.37 | 0.75 |
| Sortino ratio | 0.50 | 1.00 |
| Maximum drawdown | −21.7% (20-06-2022) | −25.6% (28-02-2025) |
| Beta | 0.97 | 0.95 |
| Alpha | +2.42% | +5.88% |
From daily NAVs, 29-10-2021 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.
| Measure | ICICI Prudential Commodities Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +24.69% | +14.28% |
| Standard deviation | 22.74% | 18.67% |
| Sharpe ratio | 0.86 | 0.44 |
| Sortino ratio | 1.17 | 0.59 |
| Maximum drawdown | −41.2% (24-03-2020) | −53.2% (24-03-2020) |
| Beta | 1.01 | 0.87 |
| Alpha | +7.83% | +4.30% |
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)
Nippon India Power & Infra Fund (Direct)
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) | −41.2% | 15-01-2020 | 24-03-2020 | 07-08-2020 | 4 months | −12.0% |
| Nippon India Power & Infra Fund (Direct) | −40.5% | 24-01-2020 | 24-03-2020 | 03-12-2020 | 8 months | −10.8% |
| Nifty Commodities TRI | −40.5% | 15-01-2020 | 23-03-2020 | 14-11-2020 | 8 months | −14.1% |
From daily values since 16-10-2019, 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 Commodities Fund (Direct)
Nippon India Power & Infra Fund (Direct)
Nifty Commodities 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 Commodities Fund (Direct)
Nippon India Power & Infra Fund (Direct)
Nifty Commodities 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 Commodities Fund (Direct)
Nippon India Power & Infra Fund (Direct)
Nifty Commodities TRI
Against Nifty Commodities TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Commodities Fund (Direct) | 114% | 88% | 9.65% |
| Nippon India Power & Infra Fund (Direct) | 102% | 81% | 11.01% |
From month-end values since 16-10-2019. 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 Commodities vs Nippon India Power & Infra: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Commodities Fund, September 2026; Nippon India Power & Infra Fund, September 2026
Holdings in common
- Overlap
- 5.2%
- Held by both
- 4
- Only in ICICI Prudential Commodities
- 42
- Only in Nippon India Power & Infra
- 80
| Security | % of ICICI Prudential Commodities | % of Nippon India Power & Infra |
|---|---|---|
| Ultratech Cement Ltd. | 3.89% | 1.95% |
| Ambuja Cements Ltd. | 1.92% | 1.99% |
| Vedanta Aluminium Metal Ltd. | 6.57% | 0.83% |
| Tata Steel Ltd. | 2.00% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.2% means 5.2% 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 Commodities Fund
| Security | % of fund |
|---|---|
| Hindustan Petroleum Corporation Ltd. | 8.28% |
| Jindal Steel Ltd. | 7.67% |
| JSW Steel Ltd. | 6.62% |
| Jindal Stainless Ltd. | 4.69% |
| Hindalco Industries Ltd. | 4.51% |
Largest holdings only in Nippon India Power & Infra Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 7.03% |
| Larsen & Toubro Limited | 5.33% |
| NTPC Limited | 5.17% |
| NTPC Green Energy Limited | 4.29% |
| Bharat Heavy Electricals Limited | 3.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Commodities | Nippon India Power & Infra |
|---|---|---|
| Equity | 98.0% | 99.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | 0.7% |
Market cap of stocks
| Market cap | ICICI Prudential Commodities | Nippon India Power & Infra |
|---|---|---|
| Large Cap | 39.0% | 47.1% |
| Mid Cap | 26.9% | 23.1% |
| Small Cap | 23.8% | 25.0% |
| Foreign stocks | 8.2% | 0.0% |
| Not on AMFI's list | 0.0% | 4.0% |
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 | Nippon India Power & Infra |
|---|---|---|
| Ferrous Metals | 23.5% | 0.5% |
| Power | 0.0% | 18.3% |
| Non - Ferrous Metals | 18.2% | 0.8% |
| Chemicals & Petrochemicals | 17.6% | 0.0% |
| Electrical Equipment | 0.0% | 15.2% |
| Petroleum Products | 9.6% | 7.0% |
| Auto Components | 0.0% | 7.6% |
| Industrial Products | 7.3% | 6.3% |
| Fertilizers & Agrochemicals | 7.0% | 0.0% |
| Construction | 0.0% | 7.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Commodities vs Nippon India Power & Infra: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Commodities Fund | Nippon India Power & Infra Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 1.11% |
| Base expense ratio (Direct) | 0.84% | 0.81% |
| Total expense ratio (Regular) | 1.96% | 1.96% |
| Base expense ratio (Regular) | 1.63% | 1.54% |
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 Nippon India Power & Infra Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Commodities Fund and Nippon India Power & Infra Fund?
ICICI Prudential Commodities Fund is a Thematic fund, Nippon India Power & Infra Fund is a Sectoral fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 5.2%. ICICI Prudential Commodities Fund charges 1.04% a year and Nippon India Power & Infra Fund 1.11%.
Which has given higher returns, ICICI Prudential Commodities Fund or Nippon India Power & Infra Fund?
Over 1 year: ICICI Prudential Commodities Fund −2.42%, Nippon India Power & Infra Fund −2.17%. Over 3 years: ICICI Prudential Commodities Fund +14.92% a year, Nippon India Power & Infra Fund +16.41% a year. Over 5 years: ICICI Prudential Commodities Fund +13.00% a year, Nippon India Power & Infra Fund +18.38% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Commodities Fund or Nippon India Power & Infra Fund?
ICICI Prudential Commodities Fund charges less: 1.04% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Commodities Fund and Nippon India Power & Infra Fund overlap?
5.2%. They hold 4 of the same securities, the largest shared ones being ULTRACEMCO, AMBUJACEM, VAML. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Commodities Fund or Nippon India Power & Infra Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹8,21,035 in ICICI Prudential Commodities Fund (XIRR 11.7% a year) and ₹9,13,150 in Nippon India Power & Infra Fund (XIRR 15.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Commodities Fund and Nippon India Power & Infra Fund?
Yes. 5.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages ICICI Prudential Commodities Fund and Nippon India Power & Infra Fund?
ICICI Prudential Commodities Fund: Lalit Kumar. Nippon India Power & Infra Fund: Rahul Modi.
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.