ICICI Prudential ESG Exclusionary Strategy Fund vs SBI ESG Exclusionary Strategy Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential ESG Exclusionary Strategy Fund is a Thematic fund and SBI ESG Exclusionary Strategy Fund is a Thematic fund. In the 3 years to 30-10-2026, ICICI Prudential ESG Exclusionary Strategy Fund (Direct) returned 10.0% a year and SBI ESG Exclusionary Strategy Fund (Direct) returned 9.0% a year. ICICI Prudential ESG Exclusionary Strategy Fund charges 1.34% a year and SBI ESG Exclusionary Strategy Fund 1.47% (Direct plans). Their portfolios overlap 26.5%: they hold 7 of the same securities.
ICICI Prudential ESG Exclusionary Strategy Fund
Thematic
- 3 year return
- 10.0%
- Expense ratio
- 1.34%
- NAV
- ₹21.46
SBI ESG Exclusionary Strategy Fund
Thematic
- 3 year return
- 9.0%
- Expense ratio
- 1.47%
- NAV
- ₹251.86
Which is better, ICICI Prudential ESG Exclusionary Strategy or SBI ESG Exclusionary Strategy? 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 ESG Exclusionary Strategy returned more over 5 years: 8.9% a year against 6.9%.
- ICICI Prudential ESG Exclusionary Strategy returned more over 3 years: 10.0% a year against 9.0%.
- ICICI Prudential ESG Exclusionary Strategy costs less: 1.34% a year against 1.47% (Direct plans).
- ICICI Prudential ESG Exclusionary Strategy swung less over 3 years: a standard deviation of 12.7% a year against 13.2%.
- ICICI Prudential ESG Exclusionary Strategy fell less in its worst fall since 12-10-2020: −19.2% against −19.5%.
- SBI ESG Exclusionary Strategy is the larger fund: ₹4,984 Cr against ₹1,275 Cr.
- Their portfolios overlap 26.5%: 7 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 ESG Exclusionary Strategy Fund | SBI ESG Exclusionary Strategy Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,275 Cr (30-09-2026) | ₹4,984 Cr (30-09-2026) |
| NAV | ₹21.46 (Direct) | ₹251.86 (Direct) |
| Expense ratio (Direct) | 1.34% | 1.47% |
| Expense ratio (Regular) | 2.36% | 2.02% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 100 ESG TRI | Nifty 100 ESG TRI |
| Launch date | 09-10-2020 | 01-01-1991 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Mittul Kalawadia, Ayush Shah | Rohit Shimpi |
| Exit load | 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within 1 month from the date of allotment. Nil - If the amount sought to be redeemed or switched out more than 1 month. | Exit load of 1% if redeemed within 1 year |
ICICI Prudential ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: 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 ESG Exclusionary Strategy Fund (Direct) | −2.85% | −7.78% | −4.75% | −13.22% | +10.01% | +8.90% | -- |
| SBI ESG Exclusionary Strategy Fund (Direct) | +0.78% | −5.24% | −0.94% | −6.69% | +8.99% | +6.93% | +11.32% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential ESG Exclusionary Strategy | SBISBI ESG Exclusionary Strategy | NIFTY100 ESG TRI |
|---|---|---|---|
| 2026to date | −11.87% | −6.96% | −7.38% |
| 2025 | +7.46% | +8.06% | +11.72% |
| 2024 | +23.15% | +12.84% | +12.77% |
| 2023 | +33.53% | +25.44% | +23.36% |
| 2022 | −2.27% | −1.68% | −2.94% |
| 2021 | +24.45% | +31.35% | +32.26% |
ICICI Prudential ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: Rolling Returns
Every holding period of both funds, against NIFTY100 ESG TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 750 of them, one for each trading day from 12-10-2023 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 ESG Exclusionary Strategy Fund (Direct)
SBI ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG TRI
to
Jan 2024Jul 2021
to
Jul 2024Jan 2022
to
Jan 2025Jul 2022
to
Jul 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 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 ESG Exclusionary Strategy | 0.0 | 0.0 | 1.1 | 11.9 | 63.1 | 22.0 | 2.0 | 18.1% | 18.1% | 9.1% | 26.1% | 97% |
| SBI ESG Exclusionary Strategy | 0.0 | 0.0 | 6.3 | 52.8 | 40.2 | 0.7 | 0.0 | 14.2% | 14.5% | 6.9% | 20.5% | 61% |
| NIFTY100 ESG TRI | 0.0 | 0.0 | 6.9 | 53.2 | 39.9 | 0.0 | 0.0 | 14.0% | 14.5% | 7.9% | 19.2% | -- |
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 NIFTY100 ESG 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 12-10-2020. Past returns do not promise future returns.
ICICI Prudential ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: 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 12-10-2020 to 30-10-2026: 73 instalments, ₹7,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ESG Exclusionary StrategyICICI Prudential ESG Exclusionary Strategy Fund (Direct) | ₹7,30,000 | ₹9,58,902 | ₹2,28,902 | 8.9% |
| SBI ESG Exclusionary StrategySBI ESG Exclusionary Strategy Fund (Direct) | ₹7,30,000 | ₹9,34,566 | ₹2,04,566 | 8.0% |
ICICI Prudential ESG Exclusionary StrategyICICI Prudential ESG Exclusionary Strategy Fund (Direct)
SBI ESG Exclusionary StrategySBI ESG Exclusionary Strategy 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 ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | SBI ESG Exclusionary Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | −13.22% | −6.69% |
| Standard deviation | 13.47% | 14.63% |
| Sharpe ratio | -1.37 | -0.82 |
| Sortino ratio | -1.79 | -1.10 |
| Maximum drawdown | −16.3% (30-03-2026) | −15.5% (31-03-2026) |
| Beta | 0.90 | 0.99 |
| Alpha | −8.57% | −1.05% |
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 ESG Exclusionary Strategy Fund (Direct) | SBI ESG Exclusionary Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.01% | +8.99% |
| Standard deviation | 12.69% | 13.24% |
| Sharpe ratio | 0.31 | 0.22 |
| Sortino ratio | 0.43 | 0.31 |
| Maximum drawdown | −17.2% (04-03-2025) | −16.0% (07-04-2025) |
| Beta | 0.85 | 0.92 |
| Alpha | +0.13% | −1.20% |
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 ESG Exclusionary Strategy Fund (Direct) | SBI ESG Exclusionary Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.90% | +6.93% |
| Standard deviation | 12.48% | 13.64% |
| Sharpe ratio | 0.25 | 0.08 |
| Sortino ratio | 0.34 | 0.11 |
| Maximum drawdown | −18.3% (17-06-2022) | −19.5% (17-06-2022) |
| Beta | 0.82 | 0.93 |
| Alpha | +2.03% | −0.09% |
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 ESG Exclusionary Strategy Fund (Direct) | SBI ESG Exclusionary Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.46% | +12.66% |
| Standard deviation | 12.30% | 15.48% |
| Sharpe ratio | 0.66 | 0.43 |
| Sortino ratio | 0.91 | 0.59 |
| Maximum drawdown | −19.2% (17-06-2022) | −36.7% (23-03-2020) |
| Beta | 0.80 | -- |
| Alpha | +1.51% | -- |
From daily NAVs, 12-10-2020 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 ESG Exclusionary Strategy Fund (Direct)
SBI ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | −19.2% | 18-10-2021 | 17-06-2022 | 05-06-2023 | 12 months | −13.7% |
| SBI ESG Exclusionary Strategy Fund (Direct) | −19.5% | 17-01-2022 | 17-06-2022 | 07-06-2023 | 12 months | −8.1% |
| NIFTY100 ESG TRI | −19.9% | 17-01-2022 | 17-06-2022 | 14-07-2023 | 13 months | −8.8% |
From daily values since 12-10-2020, 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 ESG Exclusionary Strategy Fund (Direct)
SBI ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG 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 ESG Exclusionary Strategy Fund (Direct)
SBI ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG 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 ESG Exclusionary Strategy Fund (Direct)
SBI ESG Exclusionary Strategy Fund (Direct)
NIFTY100 ESG TRI
Against NIFTY100 ESG TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | 89% | 82% | 6.38% |
| SBI ESG Exclusionary Strategy Fund (Direct) | 93% | 85% | 4.21% |
From month-end values since 12-10-2020. 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 ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential ESG Exclusionary Strategy Fund, September 2026; SBI ESG Exclusionary Strategy Fund, September 2026
Holdings in common
- Overlap
- 26.5%
- Held by both
- 7
- Only in ICICI Prudential ESG Exclusionary Strategy
- 44
- Only in SBI ESG Exclusionary Strategy
- 38
| Security | % of ICICI Prudential ESG Exclusionary Strategy | % of SBI ESG Exclusionary Strategy |
|---|---|---|
| ICICI Bank Ltd. | 7.86% | 8.50% |
| HDFC Bank Ltd. | 9.74% | 7.66% |
| Maruti Suzuki India Ltd. | 4.27% | 3.70% |
| TVS Motor Company Ltd. | 4.80% | 3.20% |
| State Bank Of India | 2.13% | 3.85% |
| Tech Mahindra Ltd. | 0.99% | 3.23% |
| Britannia Industries Ltd. | 0.96% | 1.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.5% means 26.5% 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 ESG Exclusionary Strategy Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 4.80% |
| Sun Pharmaceutical Industries Ltd. | 3.54% |
| Avenue Supermarts Ltd. | 3.31% |
| Mahindra & Mahindra Ltd. | 3.01% |
| Bharti Airtel Ltd. | 2.98% |
Largest holdings only in SBI ESG Exclusionary Strategy Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. | 4.32% |
| Larsen & Toubro Ltd. | 4.19% |
| Bajaj Finance Ltd. | 4.04% |
| JSW Steel Ltd. | 3.09% |
| Asian Paints Ltd. | 2.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential ESG Exclusionary Strategy | SBI ESG Exclusionary Strategy |
|---|---|---|
| Equity | 96.7% | 98.8% |
| Debt | 0.0% | 0.1% |
| Cash and others | 3.3% | 1.1% |
Market cap of stocks
| Market cap | ICICI Prudential ESG Exclusionary Strategy | SBI ESG Exclusionary Strategy |
|---|---|---|
| Large Cap | 65.2% | 65.7% |
| Mid Cap | 6.6% | 20.3% |
| Small Cap | 23.7% | 12.8% |
| Not on AMFI's list | 1.2% | 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 ESG Exclusionary Strategy | SBI ESG Exclusionary Strategy |
|---|---|---|
| Banks | 24.5% | 24.3% |
| Automobiles | 12.1% | 9.0% |
| Retailing | 8.2% | 3.9% |
| IT - Software | 0.0% | 6.5% |
| Insurance | 6.2% | 0.0% |
| Industrial Products | 5.7% | 1.7% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.7% |
| Electrical Equipment | 2.2% | 5.4% |
| Consumer Durables | 3.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential ESG Exclusionary Strategy vs SBI ESG Exclusionary Strategy: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential ESG Exclusionary Strategy Fund | SBI ESG Exclusionary Strategy Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 1.47% |
| Base expense ratio (Direct) | 0.98% | 1.13% |
| Total expense ratio (Regular) | 2.36% | 2.02% |
| Base expense ratio (Regular) | 1.86% | 1.60% |
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.
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Compare SBI ESG Exclusionary Strategy with
ICICI Prudential ESG Exclusionary Strategy Fund vs SBI ESG Exclusionary Strategy Fund: Frequently Asked Questions
What is the difference between ICICI Prudential ESG Exclusionary Strategy Fund and SBI ESG Exclusionary Strategy Fund?
ICICI Prudential ESG Exclusionary Strategy Fund is a Thematic fund, SBI ESG Exclusionary Strategy Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 26.5%. ICICI Prudential ESG Exclusionary Strategy Fund charges 1.34% a year and SBI ESG Exclusionary Strategy Fund 1.47%.
Which has given higher returns, ICICI Prudential ESG Exclusionary Strategy Fund or SBI ESG Exclusionary Strategy Fund?
Over 1 year: ICICI Prudential ESG Exclusionary Strategy Fund −13.22%, SBI ESG Exclusionary Strategy Fund −6.69%. Over 3 years: ICICI Prudential ESG Exclusionary Strategy Fund +10.01% a year, SBI ESG Exclusionary Strategy Fund +8.99% a year. Over 5 years: ICICI Prudential ESG Exclusionary Strategy Fund +8.90% a year, SBI ESG Exclusionary Strategy Fund +6.93% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential ESG Exclusionary Strategy Fund or SBI ESG Exclusionary Strategy Fund?
ICICI Prudential ESG Exclusionary Strategy Fund charges less: 1.34% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential ESG Exclusionary Strategy Fund and SBI ESG Exclusionary Strategy Fund overlap?
26.5%. They hold 7 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, MARUTI. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential ESG Exclusionary Strategy Fund or SBI ESG Exclusionary Strategy Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,39,497 in ICICI Prudential ESG Exclusionary Strategy Fund (XIRR 7.5% a year) and ₹7,19,259 in SBI ESG Exclusionary Strategy Fund (XIRR 6.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential ESG Exclusionary Strategy Fund and SBI ESG Exclusionary Strategy Fund?
Yes. 26.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential ESG Exclusionary Strategy Fund and SBI ESG Exclusionary Strategy Fund?
ICICI Prudential ESG Exclusionary Strategy Fund: Mittul Kalawadia, Ayush Shah. SBI ESG Exclusionary Strategy Fund: Rohit Shimpi.
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.