ICICI Prudential Energy Opportunities Fund vs Motilal Oswal Nifty Energy ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Energy Opportunities Fund is a Thematic fund and Motilal Oswal Nifty Energy ETF is an ETF fund. In the year to 30-10-2026, ICICI Prudential Energy Opportunities Fund (Direct) returned 0.2% and Motilal Oswal Nifty Energy ETF returned −3.4%. ICICI Prudential Energy Opportunities Fund charges 1.11% a year and Motilal Oswal Nifty Energy ETF 0.78%. Their portfolios overlap 48.5%: they hold 30 of the same securities.
ICICI Prudential Energy Opportunities Fund
Thematic
- 1 year return
- 0.2%
- Expense ratio
- 1.11%
- NAV
- ₹10.81
Motilal Oswal Nifty Energy ETF
ETF
- 1 year return
- −3.4%
- Expense ratio
- 0.78%
- NAV
- ₹35.16
Which is better, ICICI Prudential Energy Opportunities or Motilal Oswal Nifty Energy 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 Energy Opportunities returned more over 1 year: 0.2% against −3.4%.
- Motilal Oswal Nifty Energy ETF costs less: 0.78% a year against 1.11%.
- ICICI Prudential Energy Opportunities fell less in its worst fall since 16-10-2025: −13.1% against −16.6%.
- Motilal Oswal Nifty Energy ETF holds more in large companies: 72.6% of the fund in large caps against 46.3%.
- ICICI Prudential Energy Opportunities is the larger fund: ₹8,029 Cr against ₹60 Cr.
- Their portfolios overlap 48.5%: 30 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 Energy Opportunities Fund | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹8,029 Cr (30-09-2026) | ₹60 Cr (30-09-2026) |
| NAV | ₹10.81 (Direct) | ₹35.16 |
| Expense ratio (Direct) | 1.11% | Not available |
| Expense ratio (Regular) | 2.12% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Energy TRI | Nifty Energy TRI |
| Launch date | 22-07-2024 | 13-10-2025 |
| Minimum investment | ₹5,000 | Ongoing Basis: On Exchange: Investors can buy/sell units of the Scheme in round lots of 1 unit and in multiples thereof. Directly with the Mutual Fund: For Eligible investors: Transactions must be in multiple of unit creation size and the execution value |
| Lock in | None | None |
| Fund managers | Nitya Mishra, Sharmila D'silva for overseas investments | Swapnil Mayekar, Dishant Mehta, Rakesh Shetty |
| Exit load | Exit load of 1%, if redeemed within 3 months. | Nil |
ICICI Prudential Energy Opportunities vs Motilal Oswal Nifty Energy 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 Energy Opportunities Fund (Direct) | −6.08% | −6.33% | −9.16% | +0.19% | -- | -- | -- |
| Motilal Oswal Nifty Energy ETF | −4.61% | −8.44% | −14.00% | −3.37% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Energy Opportunities vs Motilal Oswal Nifty Energy ETF: Year-wise Returns
| Year | ICICI Prudential Energy OpportunitiesICICI Prudential Energy Opportunities | Motilal Oswal Nifty Energy ETFMotilal Oswal Nifty Energy ETF | Nifty Energy TRI |
|---|---|---|---|
| 2026to date | +1.22% | −0.52% | −0.05% |
| 2025 | +11.60% | -- | +1.84% |
ICICI Prudential Energy Opportunities vs Motilal Oswal Nifty Energy ETF: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of both
ICICI Prudential Energy Opportunities vs Motilal Oswal Nifty Energy 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Energy OpportunitiesICICI Prudential Energy Opportunities Fund (Direct) | ₹1,30,000 | ₹1,26,274 | −₹3,726 | −4.9% |
| Motilal Oswal Nifty Energy ETFMotilal Oswal Nifty Energy ETF | ₹1,30,000 | ₹1,23,140 | −₹6,860 | −9.1% |
ICICI Prudential Energy OpportunitiesICICI Prudential Energy Opportunities Fund (Direct)
Motilal Oswal Nifty Energy ETFMotilal Oswal Nifty Energy ETF
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 Energy Opportunities vs Motilal Oswal Nifty Energy ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Energy Opportunities Fund (Direct) | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Return (CAGR) | +0.19% | −3.37% |
| Standard deviation | 14.96% | 16.31% |
| Sharpe ratio | -0.34 | -0.53 |
| Sortino ratio | -0.45 | -0.72 |
| Maximum drawdown | −13.1% (23-10-2026) | −16.6% (23-10-2026) |
| Beta | 0.88 | 1.00 |
| Alpha | +2.02% | −0.55% |
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 Energy Opportunities Fund (Direct) | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Return (CAGR) | +3.40% | −0.84% |
| Standard deviation | 14.39% | 16.14% |
| Sharpe ratio | -0.16 | -0.38 |
| Sortino ratio | -0.22 | -0.52 |
| Maximum drawdown | −18.7% (28-02-2025) | −16.6% (23-10-2026) |
| Beta | 0.76 | 1.00 |
| Alpha | +6.71% | −0.56% |
From daily NAVs, 23-07-2024 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 Energy Opportunities Fund (Direct)
Motilal Oswal Nifty Energy ETF
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Energy Opportunities Fund (Direct) | −13.1% | 22-06-2026 | 23-10-2026 | Not yet | -- | −11.5% |
| Motilal Oswal Nifty Energy ETF | −16.6% | 27-05-2026 | 23-10-2026 | Not yet | -- | −15.5% |
| Nifty Energy TRI | −16.4% | 27-05-2026 | 23-10-2026 | Not yet | -- | −15.3% |
From daily values since 16-10-2025, 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 Energy Opportunities Fund (Direct)
Motilal Oswal Nifty Energy ETF
Nifty Energy TRI
Against Nifty Energy TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Energy Opportunities Fund (Direct) | 92% | 81% | 5.60% |
| Motilal Oswal Nifty Energy ETF | 99% | 102% | 0.04% |
From month-end values since 16-10-2025. 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 Energy Opportunities vs Motilal Oswal Nifty Energy ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Energy Opportunities Fund, September 2026; Motilal Oswal Nifty Energy ETF, September 2026
Holdings in common
- Overlap
- 48.5%
- Held by both
- 30
- Only in ICICI Prudential Energy Opportunities
- 59
- Only in Motilal Oswal Nifty Energy ETF
- 10
| Security | % of ICICI Prudential Energy Opportunities | % of Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Reliance Industries Ltd. | 8.87% | 9.89% |
| NTPC Ltd. | 7.45% | 6.09% |
| Oil & Natural Gas Corporation Ltd. | 5.28% | 9.26% |
| Oil India Ltd. | 3.06% | 2.58% |
| Bharat Petroleum Corporation Ltd. | 3.24% | 2.23% |
| GAIL (India) Ltd. | 2.19% | 4.86% |
| Coal India Ltd. | 1.92% | 10.18% |
| Indian Oil Corporation Ltd. | 2.55% | 1.84% |
| Bharat Heavy Electricals Ltd. | 1.61% | 3.84% |
| ABB India Ltd. | 1.38% | 2.26% |
| Ge Vernova T&D India Ltd. | 1.34% | 3.30% |
| Adani Energy Solutions Ltd. | 1.18% | 1.70% |
| Tata Power Company Ltd. | 1.18% | 2.40% |
| Hindustan Petroleum Corporation Ltd. | 1.17% | 1.23% |
| SIEMENS ENERGY INDIA LTD | 1.16% | 1.80% |
| TD Power Systems Ltd. | 2.39% | 1.14% |
| CG Power and Industrial Solutions Ltd. | 1.12% | 3.72% |
| NHPC Ltd. | 1.85% | 1.09% |
| Power Grid Corporation Of India Ltd. | 0.94% | 4.69% |
| JSW Energy Ltd | 0.70% | 1.20% |
| Mahanagar Gas Ltd. | 1.05% | 0.64% |
| Torrent Power Ltd. | 0.48% | 0.94% |
| Inox Wind Ltd. | 0.76% | 0.43% |
| Siemens Ltd. | 0.40% | 2.09% |
| NTPC Green Energy Ltd | 0.80% | 0.34% |
| CESC Ltd. | 0.73% | 0.34% |
| Adani Power Ltd. | 0.27% | 3.37% |
| NLC India Ltd. | 0.24% | 0.38% |
| Indraprastha Gas Ltd. | 0.19% | 1.08% |
| Petronet LNG Ltd. | 0.16% | 2.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.5% means 48.5% 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 Energy Opportunities Fund
| Security | % of fund |
|---|---|
| Cummins India Ltd. | 3.30% |
| Kalpataru Projects International Ltd | 2.63% |
| Life Insurance Corporation of India | 2.46% |
| Acme Solar Holdings Ltd | 2.12% |
| Triveni Turbine Ltd. | 1.87% |
Largest holdings only in Motilal Oswal Nifty Energy ETF
| Security | % of fund |
|---|---|
| Suzlon Energy Limited | 3.05% |
| Hitachi Energy India Limited | 2.47% |
| Aegis Logistics Limited | 1.83% |
| Adani Total Gas Limited | 1.74% |
| Adani Green Energy Limited | 1.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Energy Opportunities | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Equity | 95.2% | 100.0% |
| Debt | 1.9% | 0.0% |
| Cash and others | 2.8% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Energy Opportunities | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Large Cap | 46.3% | 72.6% |
| Mid Cap | 13.4% | 20.7% |
| Small Cap | 32.0% | 5.5% |
| Not on AMFI's list | 3.5% | 1.1% |
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 Energy Opportunities | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Power | 19.6% | 25.1% |
| Electrical Equipment | 19.1% | 24.9% |
| Petroleum Products | 17.4% | 15.5% |
| Gas | 5.2% | 12.4% |
| Oil | 8.5% | 11.8% |
| Industrial Products | 11.5% | 0.0% |
| Consumable Fuels | 1.9% | 10.2% |
| Construction | 5.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Energy Opportunities vs Motilal Oswal Nifty Energy ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Energy Opportunities Fund | Motilal Oswal Nifty Energy ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | Not available |
| Base expense ratio (Direct) | 0.64% | 0.00% |
| Total expense ratio (Regular) | 2.12% | Not available |
| Base expense ratio (Regular) | 1.53% | 0.45% |
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
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ICICI Prudential Energy Opportunities Fund vs Motilal Oswal Nifty Energy ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Energy Opportunities Fund and Motilal Oswal Nifty Energy ETF?
ICICI Prudential Energy Opportunities Fund is a Thematic fund, Motilal Oswal Nifty Energy ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 48.5%. ICICI Prudential Energy Opportunities Fund charges 1.11% a year and Motilal Oswal Nifty Energy ETF 0.78%.
Which has given higher returns, ICICI Prudential Energy Opportunities Fund or Motilal Oswal Nifty Energy ETF?
Over 1 year: ICICI Prudential Energy Opportunities Fund +0.19%, Motilal Oswal Nifty Energy ETF −3.37%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Energy Opportunities Fund or Motilal Oswal Nifty Energy ETF?
Motilal Oswal Nifty Energy ETF charges less: 0.78% a year against 1.11%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Energy Opportunities Fund and Motilal Oswal Nifty Energy ETF overlap?
48.5%. They hold 30 of the same securities, the largest shared ones being RELIANCE, NTPC, ONGC. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Energy Opportunities Fund and Motilal Oswal Nifty Energy ETF?
Yes. 48.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Energy Opportunities Fund and Motilal Oswal Nifty Energy ETF?
ICICI Prudential Energy Opportunities Fund: Nitya Mishra, Sharmila D'silva for overseas investments. Motilal Oswal Nifty Energy ETF: Swapnil Mayekar, Dishant Mehta, Rakesh Shetty.
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.