ICICI Prudential Conglomerate Fund vs Nippon India NIFTY India Manufacturing ETF
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Conglomerate Fund is a Thematic fund and Nippon India NIFTY India Manufacturing ETF is a mutual fund. In the year to 30-10-2026, ICICI Prudential Conglomerate Fund (Direct) returned −3.9% and Nippon India NIFTY India Manufacturing ETF (Direct) returned −1.9%. ICICI Prudential Conglomerate Fund charges 1.43% a year and Nippon India NIFTY India Manufacturing ETF 0.30% (Direct plans). Their portfolios overlap 28.6%: they hold 17 of the same securities.
ICICI Prudential Conglomerate Fund
Thematic
- 1 year return
- −3.9%
- Expense ratio
- 1.43%
- NAV
- ₹9.62
Nippon India NIFTY India Manufacturing ETF
- 1 year return
- −1.9%
- Expense ratio
- 0.30%
- NAV
- ₹149.82
Which is better, ICICI Prudential Conglomerate or Nippon India NIFTY India Manufacturing ETF? 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 NIFTY India Manufacturing ETF returned more over 1 year: −1.9% against −3.9%.
- Nippon India NIFTY India Manufacturing ETF costs less: 0.30% a year against 1.43% (Direct plans).
- Nippon India NIFTY India Manufacturing ETF fell less in its worst fall since 27-10-2025: −12.8% against −14.1%.
- ICICI Prudential Conglomerate is the larger fund: ₹763 Cr against ₹16 Cr.
- Their portfolios overlap 28.6%: 17 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 Conglomerate Fund | Nippon India NIFTY India Manufacturing ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹763 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹9.62 (Direct) | ₹149.82 (Direct) |
| Expense ratio (Direct) | 1.43% | 0.30% |
| Expense ratio (Regular) | 2.47% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | BSE Select Business Groups Index | Not available |
| Launch date | 24-10-2025 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Lalit Kumar | Not available |
| Exit load | Exit load of 1% if redeemed within 1 month. | Not available |
ICICI Prudential Conglomerate vs Nippon India NIFTY India Manufacturing 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 Conglomerate Fund (Direct) | −3.61% | −7.50% | −3.61% | −3.90% | -- | -- | -- |
| Nippon India NIFTY India Manufacturing ETF (Direct) | −3.56% | −7.52% | −3.68% | −1.94% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Conglomerate vs Nippon India NIFTY India Manufacturing ETF: Year-wise Returns
| Year | ICICI Prudential ConglomerateICICI Prudential Conglomerate | Nippon India NIFTY India Manufacturing ETFNippon India NIFTY India Manufacturing ETF |
|---|---|---|
| 2026to date | −4.56% | −2.73% |
ICICI Prudential Conglomerate vs Nippon India NIFTY India Manufacturing ETF: Rolling Returns
Every holding period of both funds, against BSE SELECT BUSINESS GROUPS TRI, the benchmark of ICICI Prudential Conglomerate Fund
ICICI Prudential Conglomerate vs Nippon India NIFTY India Manufacturing 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 27-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ConglomerateICICI Prudential Conglomerate Fund (Direct) | ₹1,30,000 | ₹1,25,051 | −₹4,949 | −6.6% |
| Nippon India NIFTY India Manufacturing ETFNippon India NIFTY India Manufacturing ETF (Direct) | ₹1,30,000 | ₹1,26,040 | −₹3,960 | −5.2% |
ICICI Prudential ConglomerateICICI Prudential Conglomerate Fund (Direct)
Nippon India NIFTY India Manufacturing ETFNippon India NIFTY India Manufacturing ETF (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 Conglomerate vs Nippon India NIFTY India Manufacturing ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Conglomerate Fund (Direct) | Nippon India NIFTY India Manufacturing ETF (Direct) |
|---|---|---|
| Return (CAGR) | −3.90% | −1.94% |
| Standard deviation | 17.85% | 16.06% |
| Sharpe ratio | -0.51 | -0.45 |
| Sortino ratio | -0.69 | -0.60 |
| Maximum drawdown | −14.1% (23-03-2026) | −12.8% (23-10-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | +3.19% | −0.24% |
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 Conglomerate Fund (Direct) | Nippon India NIFTY India Manufacturing ETF (Direct) |
|---|---|---|
| Return (CAGR) | −3.87% | +4.20% |
| Standard deviation | 17.79% | 15.28% |
| Sharpe ratio | -0.51 | -0.07 |
| Sortino ratio | -0.69 | -0.10 |
| Maximum drawdown | −14.1% (23-03-2026) | −12.8% (23-10-2026) |
| Beta | 0.98 | 1.00 |
| Alpha | +2.61% | −0.28% |
From daily NAVs, 27-10-2025 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.
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 Conglomerate Fund (Direct)
Nippon India NIFTY India Manufacturing ETF (Direct)
BSE SELECT BUSINESS GROUPS TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Conglomerate Fund (Direct) | −14.1% | 26-02-2026 | 23-03-2026 | 07-05-2026 | 45 days | −11.0% |
| Nippon India NIFTY India Manufacturing ETF (Direct) | −12.8% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
| BSE SELECT BUSINESS GROUPS TRI | −15.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.5% |
From daily values since 27-10-2025, 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 Conglomerate Fund (Direct)
Nippon India NIFTY India Manufacturing ETF (Direct)
BSE SELECT BUSINESS GROUPS TRI
Against BSE SELECT BUSINESS GROUPS TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Conglomerate Fund (Direct) | 100% | 83% | 7.18% |
| Nippon India NIFTY India Manufacturing ETF (Direct) | 103% | 79% | 7.46% |
From month-end values since 27-10-2025. 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 Conglomerate vs Nippon India NIFTY India Manufacturing ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Conglomerate Fund, September 2026; Nippon India NIFTY India Manufacturing ETF, September 2026
Holdings in common
- Overlap
- 28.6%
- Held by both
- 17
- Only in ICICI Prudential Conglomerate
- 27
- Only in Nippon India NIFTY India Manufacturing ETF
- 60
| Security | % of ICICI Prudential Conglomerate | % of Nippon India NIFTY India Manufacturing ETF |
|---|---|---|
| Mahindra & Mahindra Ltd. | 7.87% | 4.98% |
| JSW Steel Ltd. | 4.00% | 2.88% |
| Hindalco Industries Ltd. | 2.57% | 3.25% |
| Tata Steel Ltd. | 2.40% | 3.65% |
| TVS Motor Company Ltd. | 4.57% | 2.30% |
| TML Commercial Vehicles Ltd. | 2.10% | 2.10% |
| Samvardhana Motherson International Ltd. | 3.64% | 1.72% |
| Tata Motors Passenger Vehicles Ltd. | 1.86% | 1.42% |
| CG Power and Industrial Solutions Ltd. | 7.10% | 1.40% |
| Reliance Industries Ltd. | 1.24% | 4.96% |
| Vedanta Aluminium Metal Ltd. | 1.21% | 1.67% |
| Jindal Steel Ltd. | 2.91% | 1.01% |
| APL Apollo Tubes Ltd. | 3.37% | 0.95% |
| Welspun Corp Ltd. | 0.81% | 0.85% |
| Voltas Ltd. | 2.89% | 0.58% |
| Vedanta Ltd. | 0.50% | 1.09% |
| Coromandel International Ltd. | 3.24% | 0.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.6% means 28.6% 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 Conglomerate Fund
| Security | % of fund |
|---|---|
| Ultratech Cement Ltd. | 6.46% |
| Cholamandalam Investment And Finance Company Ltd. | 3.82% |
| Bajaj Finance Ltd. | 3.77% |
| JSW Infrastructure Ltd | 3.17% |
| Ambuja Cements Ltd. | 3.09% |
Largest holdings only in Nippon India NIFTY India Manufacturing ETF
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Limited | 4.59% |
| Maruti Suzuki India Limited | 3.71% |
| Bharat Electronics Limited | 3.32% |
| Bajaj Auto Limited | 2.83% |
| Divi's Laboratories Limited | 2.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Conglomerate | Nippon India NIFTY India Manufacturing ETF |
|---|---|---|
| Equity | 96.8% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.2% | 0.2% |
Market cap of stocks
| Market cap | ICICI Prudential Conglomerate | Nippon India NIFTY India Manufacturing ETF |
|---|---|---|
| Large Cap | 65.4% | 69.0% |
| Mid Cap | 17.5% | 27.6% |
| Small Cap | 13.8% | 3.2% |
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 Conglomerate | Nippon India NIFTY India Manufacturing ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 2.3% | 18.5% |
| Automobiles | 14.3% | 18.3% |
| Ferrous Metals | 11.9% | 7.5% |
| Cement & Cement Products | 10.5% | 0.0% |
| Petroleum Products | 1.2% | 7.6% |
| Finance | 7.6% | 0.0% |
| Industrial Products | 7.3% | 6.3% |
| Electrical Equipment | 7.1% | 7.0% |
| Auto Components | 4.1% | 7.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Conglomerate vs Nippon India NIFTY India Manufacturing ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Conglomerate Fund | Nippon India NIFTY India Manufacturing ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.43% | 0.30% |
| Base expense ratio (Direct) | 1.12% | 0.21% |
| Total expense ratio (Regular) | 2.47% | Not available |
| Base expense ratio (Regular) | 2.04% | 0.00% |
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 Conglomerate with
ICICI Prudential Conglomerate Fund vs Nippon India NIFTY India Manufacturing ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Conglomerate Fund and Nippon India NIFTY India Manufacturing ETF?
ICICI Prudential Conglomerate Fund is a Thematic fund, Nippon India NIFTY India Manufacturing ETF is a mutual fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 28.6%. ICICI Prudential Conglomerate Fund charges 1.43% a year and Nippon India NIFTY India Manufacturing ETF 0.30%.
Which has given higher returns, ICICI Prudential Conglomerate Fund or Nippon India NIFTY India Manufacturing ETF?
Over 1 year: ICICI Prudential Conglomerate Fund −3.90%, Nippon India NIFTY India Manufacturing ETF −1.94%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Conglomerate Fund or Nippon India NIFTY India Manufacturing ETF?
Nippon India NIFTY India Manufacturing ETF charges less: 0.30% a year against 1.43%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Conglomerate Fund and Nippon India NIFTY India Manufacturing ETF overlap?
28.6%. They hold 17 of the same securities, the largest shared ones being M&M, JSWSTEEL, HINDALCO. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Conglomerate Fund and Nippon India NIFTY India Manufacturing ETF?
Yes. 28.6% 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.