ICICI Prudential Equity Savings Fund vs SBI Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Equity Savings Fund and SBI Equity Savings Fund are both Equity Savings funds. In the 3 years to 30-10-2026, ICICI Prudential Equity Savings Fund (Direct) returned 6.9% a year and SBI Equity Savings Fund (Direct) returned 7.9% a year. ICICI Prudential Equity Savings Fund charges 1.12% a year and SBI Equity Savings Fund 1.46% (Direct plans). Their portfolios overlap 35.7%: they hold 52 of the same securities.
ICICI Prudential Equity Savings Fund
Equity Savings
- 3 year return
- 6.9%
- Expense ratio
- 1.12%
- NAV
- ₹25.22
SBI Equity Savings Fund
Equity Savings
- 3 year return
- 7.9%
- Expense ratio
- 1.46%
- NAV
- ₹27.27
Which is better, ICICI Prudential Equity Savings or SBI Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Equity Savings returned more over 5 years: 8.0% a year against 7.4%.
- SBI Equity Savings returned more over 3 years: 7.9% a year against 6.9%.
- ICICI Prudential Equity Savings costs less: 1.12% a year against 1.46% (Direct plans).
- ICICI Prudential Equity Savings swung less over 3 years: a standard deviation of 2.5% a year against 4.8%.
- ICICI Prudential Equity Savings fell less in its worst fall since 03-06-2015: −19.2% against −19.5%.
- ICICI Prudential Equity Savings holds more in large companies: 69.1% of the fund in large caps against 57.1%.
- ICICI Prudential Equity Savings is the larger fund: ₹14,905 Cr against ₹5,413 Cr.
- Their portfolios overlap 35.7%: 52 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 Equity Savings Fund | SBI Equity Savings Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹14,905 Cr (30-09-2026) | ₹5,413 Cr (30-09-2026) |
| NAV | ₹25.22 (Direct) | ₹27.27 (Direct) |
| Expense ratio (Direct) | 1.12% | 1.46% |
| Expense ratio (Regular) | 1.59% | 2.00% |
| Riskometer | Not available | Moderate |
| Benchmark | Nifty Equity Savings TRI | Nifty Equity Savings Index |
| Launch date | 05-12-2014 | 27-05-2015 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Dharmesh Kakkad, Archana Nair, Manish Banthia, Ritesh Lunawat, Sri Sharma, Ajaykumar Solanki | Neeraj Kumar - Arbitrage, Mansi Sajeja, Nidhi Chawla, Vandna Soni |
| Exit load | Exit load for units in excess of 10% of the investment,0.25% will be charged for redemption within 7 days | Exit load of 0.10% if redeemed within 15 days. |
ICICI Prudential Equity Savings vs SBI Equity Savings: 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 Equity Savings Fund (Direct) | +0.76% | +0.28% | +2.02% | +1.98% | +6.93% | +7.37% | +7.85% |
| SBI Equity Savings Fund (Direct) | +0.07% | −0.47% | +1.05% | +1.43% | +7.91% | +7.95% | +8.92% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
ICICI Prudential Equity Savings vs SBI Equity Savings: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Equity Savings | SBISBI Equity Savings |
|---|---|---|
| 2026to date | +0.44% | +1.07% |
| 2025 | +8.89% | +5.62% |
| 2024 | +8.98% | +12.59% |
| 2023 | +10.44% | +18.13% |
| 2022 | +7.70% | +2.40% |
| 2021 | +10.22% | +13.94% |
ICICI Prudential Equity Savings vs SBI Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,070 of them, one for each trading day from 04-06-2018 to 30-10-2026: 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 Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
to
Feb 2019Jul 2017
to
Jul 2020Dec 2018
to
Dec 2021May 2020
to
May 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Equity Savings | 0.0 | 4.2 | 82.3 | 13.5 | 0.0 | 0.0 | 0.0 | 8.6% | 8.8% | 0.8% | 15.2% |
| SBI Equity Savings | 0.0 | 4.8 | 41.6 | 53.1 | 0.5 | 0.0 | 0.0 | 10.0% | 10.2% | 0.5% | 16.8% |
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. Every fund is measured over the days all of them have, from 03-06-2015. Past returns do not promise future returns.
ICICI Prudential Equity Savings vs SBI Equity Savings: 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 01-06-2015 to 30-10-2026: 137 instalments, ₹13,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Equity SavingsICICI Prudential Equity Savings Fund (Direct) | ₹13,70,000 | ₹21,86,769 | ₹8,16,769 | 7.9% |
| SBI Equity SavingsSBI Equity Savings Fund (Direct) | ₹13,70,000 | ₹23,51,334 | ₹9,81,334 | 9.1% |
ICICI Prudential Equity SavingsICICI Prudential Equity Savings Fund (Direct)
SBI Equity SavingsSBI Equity Savings 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 Equity Savings vs SBI Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.98% | +1.43% |
| Standard deviation | 3.01% | 3.77% |
| Sharpe ratio | -1.08 | -1.01 |
| Sortino ratio | -1.43 | -1.34 |
| Maximum drawdown | −3.1% (30-03-2026) | −3.0% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.93% | +7.91% |
| Standard deviation | 2.47% | 4.77% |
| Sharpe ratio | 0.37 | 0.39 |
| Sortino ratio | 0.51 | 0.54 |
| Maximum drawdown | −3.1% (30-03-2026) | −6.4% (03-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.37% | +7.95% |
| Standard deviation | 2.38% | 5.05% |
| Sharpe ratio | 0.66 | 0.43 |
| Sortino ratio | 0.94 | 0.57 |
| Maximum drawdown | −3.1% (30-03-2026) | −7.1% (20-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.11% | +9.23% |
| Standard deviation | 5.18% | 6.52% |
| Sharpe ratio | 0.47 | 0.56 |
| Sortino ratio | 0.62 | 0.75 |
| Maximum drawdown | −19.2% (23-03-2020) | −19.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-12-2014 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 Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Equity Savings Fund (Direct) | −19.2% | 07-02-2020 | 23-03-2020 | 20-11-2020 | 8 months | −0.5% |
| SBI Equity Savings Fund (Direct) | −19.5% | 12-02-2020 | 23-03-2020 | 28-08-2020 | 5 months | −1.1% |
From daily values since 03-06-2015, 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 Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
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 Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
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 Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
ICICI Prudential Equity Savings vs SBI Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Equity Savings Fund, September 2026; SBI Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 35.7%
- Held by both
- 52
- Only in ICICI Prudential Equity Savings
- 72
- Only in SBI Equity Savings
- 53
| Security | % of ICICI Prudential Equity Savings | % of SBI Equity Savings |
|---|---|---|
| HDFC Bank Ltd. | 8.63% | 5.80% |
| Reliance Industries Ltd. | 4.94% | 5.04% |
| Kotak Mahindra Bank Ltd. | 4.16% | 6.73% |
| Bharti Airtel Ltd. | 2.41% | 3.58% |
| ICICI Bank Ltd. | 1.90% | 5.14% |
| Bajaj Finance Ltd. | 2.65% | 1.77% |
| Mahindra & Mahindra Ltd. | 3.39% | 1.76% |
| Axis Bank Ltd. | 1.75% | 1.63% |
| HDFC Life Insurance Company Ltd. | 1.76% | 1.39% |
| Infosys Ltd. | 1.20% | 1.15% |
| Ultratech Cement Ltd. | 1.03% | 2.02% |
| JSW Steel Ltd. | 0.54% | 0.78% |
| Oil & Natural Gas Corporation Ltd. | 0.71% | 0.53% |
| Hindalco Industries Ltd. | 0.50% | 1.62% |
| Maruti Suzuki India Ltd. | 0.79% | 0.49% |
| Tata Steel Ltd. | 1.64% | 0.42% |
| Divi's Laboratories Ltd. | 0.36% | 0.37% |
| State Bank Of India | 0.33% | 1.20% |
| Eicher Motors Ltd. | 0.30% | 1.76% |
| Indus Towers Ltd. | 0.30% | 0.51% |
| Apollo Hospitals Enterprise Ltd. | 0.30% | 1.40% |
| RBL Bank Ltd. | 0.27% | 0.35% |
| Hindustan Aeronautics Ltd. | 0.25% | 0.63% |
| Bharat Heavy Electricals Ltd. | 0.24% | 0.68% |
| Adani Ports and Special Economic Zone Ltd. | 3.02% | 0.23% |
| Ambuja Cements Ltd. | 1.43% | 0.23% |
| Punjab National Bank | 0.22% | 0.27% |
| Jindal Steel Ltd. | 0.21% | 1.23% |
| Hindustan Unilever Ltd. | 2.13% | 0.21% |
| Sun Pharmaceutical Industries Ltd. | 5.48% | 0.20% |
| One 97 Communications Ltd | 0.22% | 0.20% |
| SBI Life Insurance Company Ltd. | 0.34% | 0.19% |
| Bank Of Baroda | 0.17% | 1.64% |
| IndusInd Bank Ltd. | 0.30% | 0.17% |
| Tata Power Company Ltd. | 0.15% | 0.48% |
| NTPC Ltd. | 2.30% | 0.11% |
| Larsen & Toubro Ltd. | 1.78% | 0.08% |
| Samvardhana Motherson International Ltd. | 0.08% | 0.26% |
| Dabur India Ltd. | 0.08% | 0.08% |
| Godrej Consumer Products Ltd. | 0.08% | 0.43% |
| Eternal Ltd. | 0.33% | 0.07% |
| Bandhan Bank Ltd. | 0.14% | 0.06% |
| United Spirits Ltd. | 0.03% | 0.07% |
| Jio Financial Services Ltd | 0.38% | 0.02% |
| Grasim Industries Ltd. | 0.26% | 0.02% |
| Indian Oil Corporation Ltd. | 0.14% | 0.02% |
| LIC Housing Finance Ltd. | 0.02% | 0.02% |
| Shriram Finance Ltd. | 0.02% | 0.24% |
| UPL Ltd. | 0.14% | 0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.04% | 0.01% |
| Asian Paints Ltd. | 0.01% | 0.57% |
| Glenmark Pharmaceuticals Ltd. | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.7% means 35.7% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Money Market Fund - Direct Plan - Growth | 9.19% |
| ITC Ltd. | 2.75% |
| Tata Consultancy Services Ltd. | 1.58% |
| Bajaj Finserv Ltd. | 1.29% |
| Bajaj Finance Ltd. | 0.99% |
Largest holdings only in SBI Equity Savings Fund
| Security | % of fund |
|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | 2.92% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 2.72% |
| 7.10% CGL 2034 | 2.30% |
| Life Insurance Corporation of India | 2.29% |
| Altius Telecom Infrastructure Trust | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Equity Savings | SBI Equity Savings |
|---|---|---|
| Equity | 73.1% | 66.2% |
| Debt | 11.9% | 21.1% |
| Cash and others | 15.0% | 12.7% |
Market cap of stocks
| Market cap | ICICI Prudential Equity Savings | SBI Equity Savings |
|---|---|---|
| Large Cap | 69.1% | 57.1% |
| Mid Cap | 2.7% | 8.6% |
| Small Cap | 1.4% | 0.5% |
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 Equity Savings | SBI Equity Savings |
|---|---|---|
| Banks | 18.3% | 23.0% |
| Pharmaceuticals & Biotechnology | 8.1% | 2.5% |
| Petroleum Products | 5.6% | 5.1% |
| Diversified Fmcg | 4.9% | 0.0% |
| Automobiles | 4.8% | 4.0% |
| Finance | 4.4% | 3.1% |
| Telecom - Services | 3.6% | 4.1% |
| Insurance | 2.1% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Equity Savings vs SBI Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Equity Savings Fund | SBI Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 1.46% |
| Base expense ratio (Direct) | 0.43% | 0.80% |
| Total expense ratio (Regular) | 1.59% | 2.00% |
| Base expense ratio (Regular) | 0.83% | 1.26% |
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 Equity Savings with
ICICI Prudential Equity Savings Fund vs SBI Equity Savings Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Equity Savings Fund and SBI Equity Savings Fund?
Both are Equity Savings funds, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 35.7%. ICICI Prudential Equity Savings Fund charges 1.12% a year and SBI Equity Savings Fund 1.46%.
Which has given higher returns, ICICI Prudential Equity Savings Fund or SBI Equity Savings Fund?
Over 1 year: ICICI Prudential Equity Savings Fund +1.98%, SBI Equity Savings Fund +1.43%. Over 3 years: ICICI Prudential Equity Savings Fund +6.93% a year, SBI Equity Savings Fund +7.91% a year. Over 5 years: ICICI Prudential Equity Savings Fund +7.37% a year, SBI Equity Savings Fund +7.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Equity Savings Fund or SBI Equity Savings Fund?
ICICI Prudential Equity Savings Fund charges less: 1.12% a year against 1.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Equity Savings Fund and SBI Equity Savings Fund overlap?
35.7%. They hold 52 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, KOTAKBANK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Equity Savings Fund or SBI Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,23,835 in ICICI Prudential Equity Savings Fund (XIRR 6.7% a year) and ₹7,40,190 in SBI Equity Savings Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Equity Savings Fund and SBI Equity Savings Fund?
Yes. 35.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Equity Savings Fund and SBI Equity Savings Fund?
ICICI Prudential Equity Savings Fund: Dharmesh Kakkad, Archana Nair, Manish Banthia, Ritesh Lunawat, Sri Sharma, Ajaykumar Solanki. SBI Equity Savings Fund: Neeraj Kumar - Arbitrage, Mansi Sajeja, Nidhi Chawla, Vandna Soni.
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.