ICICI Prudential Conglomerate Fund vs Tata BSE Select Business Groups Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Conglomerate Fund is a Thematic fund and Tata BSE Select Business Groups Index Fund is an Index fund. In the year to 30-10-2026, ICICI Prudential Conglomerate Fund (Direct) returned −3.9% and Tata BSE Select Business Groups Index Fund (Direct) returned −7.6%. ICICI Prudential Conglomerate Fund charges 1.43% a year and Tata BSE Select Business Groups Index Fund 0.39% (Direct plans). Their portfolios overlap 33.2%: they hold 18 of the same securities.
ICICI Prudential Conglomerate Fund
Thematic
- 1 year return
- −3.9%
- Expense ratio
- 1.43%
- NAV
- ₹9.62
Tata BSE Select Business Groups Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.39%
- NAV
- ₹9.65
Which is better, ICICI Prudential Conglomerate or Tata BSE Select Business Groups 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 Conglomerate returned more over 1 year: −3.9% against −7.6%.
- Tata BSE Select Business Groups Index costs less: 0.39% a year against 1.43% (Direct plans).
- ICICI Prudential Conglomerate fell less in its worst fall since 27-10-2025: −14.1% against −15.1%.
- Tata BSE Select Business Groups Index holds more in large companies: 96.0% of the fund in large caps against 65.4%.
- ICICI Prudential Conglomerate is the larger fund: ₹763 Cr against ₹213 Cr.
- Their portfolios overlap 33.2%: 18 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 | Tata BSE Select Business Groups Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹763 Cr (30-09-2026) | ₹213 Cr (30-09-2026) |
| NAV | ₹9.62 (Direct) | ₹9.65 (Direct) |
| Expense ratio (Direct) | 1.43% | 0.39% |
| Expense ratio (Regular) | 2.47% | 1.05% |
| Riskometer | Not available | Very High |
| Benchmark | BSE Select Business Groups Index | BSE Select Business Groups Index TRI |
| Launch date | 24-10-2025 | 12-12-2024 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Lalit Kumar | Nitin Sharma, Rakesh Prajapati |
| Exit load | Exit load of 1% if redeemed within 1 month. | 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
ICICI Prudential Conglomerate vs Tata BSE Select Business Groups 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 Conglomerate Fund (Direct) | −3.61% | −7.50% | −3.61% | −3.90% | -- | -- | -- |
| Tata BSE Select Business Groups Index Fund (Direct) | +0.22% | −6.36% | −6.31% | −7.61% | -- | -- | -- |
| 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 Tata BSE Select Business Groups Index: Year-wise Returns
| Year | ICICI Prudential ConglomerateICICI Prudential Conglomerate | Tata BSE Select Business Groups IndexTata BSE Select Business Groups Index | BSE SELECT BUSINESS GROUPS TRI |
|---|---|---|---|
| 2026to date | −4.56% | −9.14% | −8.98% |
| 2025 | -- | +12.20% | +12.77% |
ICICI Prudential Conglomerate vs Tata BSE Select Business Groups Index: Rolling Returns
Every holding period of both funds, against BSE SELECT BUSINESS GROUPS TRI, the benchmark of both
ICICI Prudential Conglomerate vs Tata BSE Select Business Groups 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 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% |
| Tata BSE Select Business Groups IndexTata BSE Select Business Groups Index Fund (Direct) | ₹1,30,000 | ₹1,23,567 | −₹6,433 | −8.5% |
ICICI Prudential ConglomerateICICI Prudential Conglomerate Fund (Direct)
Tata BSE Select Business Groups IndexTata BSE Select Business Groups 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 Conglomerate vs Tata BSE Select Business Groups Index: 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) | Tata BSE Select Business Groups Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.90% | −7.61% |
| Standard deviation | 17.85% | 16.32% |
| Sharpe ratio | -0.51 | -0.79 |
| Sortino ratio | -0.69 | -1.05 |
| Maximum drawdown | −14.1% (23-03-2026) | −15.1% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | +3.19% | −0.34% |
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) | Tata BSE Select Business Groups Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.87% | −0.76% |
| Standard deviation | 17.79% | 16.06% |
| Sharpe ratio | -0.51 | -0.39 |
| Sortino ratio | -0.69 | -0.54 |
| Maximum drawdown | −14.1% (23-03-2026) | −15.1% (31-03-2026) |
| Beta | 0.98 | 1.00 |
| Alpha | +2.61% | −0.38% |
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)
Tata BSE Select Business Groups Index Fund (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% |
| Tata BSE Select Business Groups Index Fund (Direct) | −15.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.7% |
| 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)
Tata BSE Select Business Groups Index Fund (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% |
| Tata BSE Select Business Groups Index Fund (Direct) | 98% | 100% | 0.16% |
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 Tata BSE Select Business Groups Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Conglomerate Fund, September 2026; Tata BSE Select Business Groups Index Fund, September 2026
Holdings in common
- Overlap
- 33.2%
- Held by both
- 18
- Only in ICICI Prudential Conglomerate
- 26
- Only in Tata BSE Select Business Groups Index
- 12
| Security | % of ICICI Prudential Conglomerate | % of Tata BSE Select Business Groups Index |
|---|---|---|
| Mahindra & Mahindra Ltd. | 7.87% | 7.58% |
| Ultratech Cement Ltd. | 6.46% | 3.72% |
| JSW Steel Ltd. | 4.00% | 3.44% |
| Hindalco Industries Ltd. | 2.57% | 3.89% |
| Tata Steel Ltd. | 2.40% | 3.46% |
| TML Commercial Vehicles Ltd. | 2.10% | 2.01% |
| Adani Ports and Special Economic Zone Ltd. | 1.71% | 4.02% |
| Tata Motors Passenger Vehicles Ltd. | 1.86% | 1.36% |
| The Indian Hotels Company Ltd. | 1.36% | 1.46% |
| Reliance Industries Ltd. | 1.24% | 22.55% |
| Jindal Steel Ltd. | 2.91% | 1.19% |
| Tata Consumer Products Ltd. | 1.04% | 1.39% |
| Grasim Industries Ltd. | 0.99% | 3.30% |
| Jindal Stainless Ltd. | 2.60% | 0.67% |
| Ambuja Cements Ltd. | 3.09% | 0.66% |
| Voltas Ltd. | 2.89% | 0.55% |
| Titan Company Ltd. | 0.37% | 4.26% |
| Adani Energy Solutions Ltd. | 0.34% | 1.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.2% means 33.2% 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 Conglomerate Fund
| Security | % of fund |
|---|---|
| CG Power and Industrial Solutions Ltd. | 7.10% |
| TVS Motor Company Ltd. | 4.57% |
| Cholamandalam Investment And Finance Company Ltd. | 3.82% |
| Bajaj Finance Ltd. | 3.77% |
| Samvardhana Motherson International Ltd. | 3.64% |
Largest holdings only in Tata BSE Select Business Groups Index Fund
| Security | % of fund |
|---|---|
| LARSEN & TOUBRO LTD | 12.61% |
| TATA CONSULTANCY SERVICES LTD | 4.73% |
| ADANI ENTERPRISES LTD | 2.82% |
| TECH MAHINDRA LTD | 2.80% |
| ADANI POWER LTD | 2.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Conglomerate | Tata BSE Select Business Groups Index |
|---|---|---|
| Equity | 96.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.2% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Conglomerate | Tata BSE Select Business Groups Index |
|---|---|---|
| Large Cap | 65.4% | 96.0% |
| Mid Cap | 17.5% | 4.0% |
| Small Cap | 13.8% | 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 Conglomerate | Tata BSE Select Business Groups Index |
|---|---|---|
| Petroleum Products | 1.2% | 22.6% |
| Automobiles | 14.3% | 8.9% |
| Construction | 0.0% | 12.6% |
| Ferrous Metals | 11.9% | 8.8% |
| Cement & Cement Products | 10.5% | 7.7% |
| IT - Software | 0.0% | 8.6% |
| Finance | 7.6% | 0.0% |
| Industrial Products | 7.3% | 0.0% |
| Electrical Equipment | 7.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Conglomerate vs Tata BSE Select Business Groups Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Conglomerate Fund | Tata BSE Select Business Groups Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.43% | 0.39% |
| Base expense ratio (Direct) | 1.12% | 0.25% |
| Total expense ratio (Regular) | 2.47% | 1.05% |
| Base expense ratio (Regular) | 2.04% | 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.
More comparisons
Each fund against the others of its category
Compare ICICI Prudential Conglomerate with
ICICI Prudential Conglomerate Fund vs Tata BSE Select Business Groups Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Conglomerate Fund and Tata BSE Select Business Groups Index Fund?
ICICI Prudential Conglomerate Fund is a Thematic fund, Tata BSE Select Business Groups Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Tata Mutual Fund. Their portfolios overlap 33.2%. ICICI Prudential Conglomerate Fund charges 1.43% a year and Tata BSE Select Business Groups Index Fund 0.39%.
Which has given higher returns, ICICI Prudential Conglomerate Fund or Tata BSE Select Business Groups Index Fund?
Over 1 year: ICICI Prudential Conglomerate Fund −3.90%, Tata BSE Select Business Groups Index Fund −7.61%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Conglomerate Fund or Tata BSE Select Business Groups Index Fund?
Tata BSE Select Business Groups Index Fund charges less: 0.39% a year against 1.43%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Conglomerate Fund and Tata BSE Select Business Groups Index Fund overlap?
33.2%. They hold 18 of the same securities, the largest shared ones being M&M, ULTRACEMCO, JSWSTEEL. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Conglomerate Fund and Tata BSE Select Business Groups Index Fund?
Yes. 33.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Conglomerate Fund and Tata BSE Select Business Groups Index Fund?
ICICI Prudential Conglomerate Fund: Lalit Kumar. Tata BSE Select Business Groups 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.