ICICI Prudential FMCG Fund vs Kotak Nifty MNC ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential FMCG Fund is a Thematic fund and Kotak Nifty MNC ETF is an ETF fund. In the 3 years to 30-10-2026, ICICI Prudential FMCG Fund (Direct) returned −4.5% a year and Kotak Nifty MNC ETF returned 10.3% a year. ICICI Prudential FMCG Fund charges 1.68% a year and Kotak Nifty MNC ETF 0.40%. Their portfolios overlap 27.6%: they hold 7 of the same securities.
ICICI Prudential FMCG Fund
Thematic
- 3 year return
- −4.5%
- Expense ratio
- 1.68%
- NAV
- ₹414.63
Which is better, ICICI Prudential FMCG or Kotak Nifty MNC ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty MNC ETF returned more over 3 years: 10.3% a year against −4.5%.
- Kotak Nifty MNC ETF returned more over 1 year: −5.3% against −22.4%.
- Kotak Nifty MNC ETF costs less: 0.40% a year against 1.68%.
- ICICI Prudential FMCG swung less over 3 years: a standard deviation of 12.5% a year against 14.0%.
- Kotak Nifty MNC ETF fell less in its worst fall since 11-08-2022: −23.6% against −32.9%.
- ICICI Prudential FMCG is the larger fund: ₹1,508 Cr against ₹45 Cr.
- Their portfolios overlap 27.6%: 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 FMCG Fund | Kotak Nifty MNC ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹1,508 Cr (30-09-2026) | ₹45 Cr (30-09-2026) |
| NAV | ₹414.63 (Direct) | ₹29.34 |
| Expense ratio (Direct) | 1.68% | Not available |
| Expense ratio (Regular) | 2.41% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty MNC TRI |
| Launch date | Not available | 05-08-2022 |
| Minimum investment | Not available | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. Market Makers andLarge Investors may buy the units on any b |
| Lock in | Not available | None |
| Fund managers | Not available | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Not available | NIL |
ICICI Prudential FMCG vs Kotak Nifty MNC 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 FMCG Fund (Direct) | −2.70% | −11.43% | −13.09% | −22.44% | −4.46% | +3.65% | +8.67% |
| Kotak Nifty MNC ETF | −6.24% | −13.17% | −10.27% | −5.30% | +10.35% | -- | -- |
| 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 FMCG vs Kotak Nifty MNC ETF: Year-wise Returns
| Year | ICICI Prudential FMCGICICI Prudential FMCG | Kotak Nifty MNC ETFKotak Nifty MNC ETF |
|---|---|---|
| 2026to date | −20.48% | −6.18% |
| 2025 | −0.20% | +10.28% |
| 2024 | +1.57% | +16.17% |
| 2023 | +24.33% | +23.70% |
| 2022 | +19.34% | -- |
| 2021 | +20.45% | -- |
ICICI Prudential FMCG vs Kotak Nifty MNC ETF: Rolling Returns
Every holding period of both funds, against Nifty FMCG TRI, the benchmark of ICICI Prudential FMCG Fund
Rolling returns
Every 3-year holding period, 299 of them, one for each trading day from 11-08-2025 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 FMCG Fund (Direct)
Kotak Nifty MNC ETF
Nifty FMCG TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 FMCG | 34.8 | 22.4 | 37.8 | 5.0 | 0.0 | 0.0 | 0.0 | 3.3% | 3.2% | −5.2% | 10.6% | 0% |
| Kotak Nifty MNC ETF | 0.0 | 0.0 | 0.7 | 26.7 | 72.7 | 0.0 | 0.0 | 15.6% | 15.8% | 9.3% | 19.7% | 100% |
| Nifty FMCG TRI | 31.1 | 23.1 | 29.8 | 16.1 | 0.0 | 0.0 | 0.0 | 4.2% | 4.1% | −4.5% | 11.6% | -- |
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 Nifty FMCG 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 11-08-2022. Past returns do not promise future returns.
ICICI Prudential FMCG vs Kotak Nifty MNC 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential FMCGICICI Prudential FMCG Fund (Direct) | ₹5,10,000 | ₹4,39,894 | −₹70,106 | −6.8% |
| Kotak Nifty MNC ETFKotak Nifty MNC ETF | ₹5,10,000 | ₹5,81,145 | ₹71,145 | 6.1% |
ICICI Prudential FMCGICICI Prudential FMCG Fund (Direct)
Kotak Nifty MNC ETFKotak Nifty MNC 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 FMCG vs Kotak Nifty MNC ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential FMCG Fund (Direct) | Kotak Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | −22.44% | −5.30% |
| Standard deviation | 13.81% | 15.54% |
| Sharpe ratio | -2.01 | -0.68 |
| Sortino ratio | -2.55 | -0.88 |
| Maximum drawdown | −23.8% (23-10-2026) | −18.0% (23-10-2026) |
| Beta | 0.91 | 1.00 |
| Alpha | −3.06% | −0.33% |
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 FMCG Fund (Direct) | Kotak Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | −4.46% | +10.35% |
| Standard deviation | 12.52% | 14.05% |
| Sharpe ratio | -0.84 | 0.31 |
| Sortino ratio | -1.15 | 0.42 |
| Maximum drawdown | −32.9% (23-10-2026) | −23.6% (28-02-2025) |
| Beta | 0.88 | 1.00 |
| Alpha | −1.92% | −0.42% |
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 FMCG Fund (Direct) | Kotak Nifty MNC ETF |
|---|---|---|
| Return (CAGR) | +10.28% | +10.39% |
| Standard deviation | 14.04% | 13.03% |
| Sharpe ratio | 0.30 | 0.32 |
| Sortino ratio | 0.42 | 0.44 |
| Maximum drawdown | −32.9% (23-10-2026) | −23.6% (28-02-2025) |
| Beta | 0.81 | 1.00 |
| Alpha | +1.42% | −0.38% |
From daily NAVs, 02-01-2013 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 FMCG Fund (Direct)
Kotak Nifty MNC ETF
Nifty FMCG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential FMCG Fund (Direct) | −32.9% | 23-09-2024 | 23-10-2026 | Not yet | -- | −31.7% |
| Kotak Nifty MNC ETF | −23.6% | 01-10-2024 | 28-02-2025 | 06-05-2026 | 14 months | −16.1% |
| Nifty FMCG TRI | −33.7% | 23-09-2024 | 23-10-2026 | Not yet | -- | −32.3% |
From daily values since 11-08-2022, 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 FMCG Fund (Direct)
Kotak Nifty MNC ETF
Nifty FMCG 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 FMCG Fund (Direct)
Kotak Nifty MNC ETF
Nifty FMCG TRI
Against Nifty FMCG TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential FMCG Fund (Direct) | 82% | 86% | 3.39% |
| Kotak Nifty MNC ETF | 86% | 39% | 10.32% |
From month-end values since 11-08-2022. 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 FMCG vs Kotak Nifty MNC ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential FMCG Fund, September 2026; Kotak Nifty MNC ETF, September 2026
Holdings in common
- Overlap
- 27.6%
- Held by both
- 7
- Only in ICICI Prudential FMCG
- 28
- Only in Kotak Nifty MNC ETF
- 23
| Security | % of ICICI Prudential FMCG | % of Kotak Nifty MNC ETF |
|---|---|---|
| Hindustan Unilever Ltd. | 17.63% | 9.95% |
| Nestle India Ltd. | 5.66% | 8.78% |
| Britannia Industries Ltd. | 5.78% | 5.32% |
| United Spirits Ltd. | 3.87% | 3.74% |
| Colgate - Palmolive (India) Ltd. | 2.06% | 2.17% |
| United Breweries Ltd. | 0.79% | 0.78% |
| Adani Wilmar Ltd | 0.12% | 0.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.6% means 27.6% 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 FMCG Fund
| Security | % of fund |
|---|---|
| ITC Ltd. | 18.04% |
| Varun Beverages Ltd. | 6.61% |
| Tata Consumer Products Ltd. | 6.41% |
| Godrej Consumer Products Ltd. | 5.35% |
| Marico Ltd. | 4.04% |
Largest holdings only in Kotak Nifty MNC ETF
| Security | % of fund |
|---|---|
| Maruti Suzuki India Limited | 10.21% |
| VEDANTA ALUMINIUM METAL LTD | 6.54% |
| Cummins India Ltd. | 6.01% |
| VEDANTA LTD. | 4.26% |
| Ashok Leyland Ltd. | 4.12% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential FMCG | Kotak Nifty MNC ETF |
|---|---|---|
| Equity | 96.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.9% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential FMCG | Kotak Nifty MNC ETF |
|---|---|---|
| Large Cap | 69.4% | 66.0% |
| Mid Cap | 15.8% | 28.0% |
| Small Cap | 10.4% | 6.0% |
| Not on AMFI's list | 0.6% | 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 FMCG | Kotak Nifty MNC ETF |
|---|---|---|
| Diversified Fmcg | 35.7% | 0.0% |
| Food Products | 14.0% | 14.1% |
| Beverages | 13.5% | 4.5% |
| Automobiles | 0.0% | 12.9% |
| Electrical Equipment | 0.0% | 12.7% |
| Agricultural Food & Other Products | 11.4% | 0.0% |
| Personal Products | 10.8% | 2.2% |
| Diversified FMCG | 0.0% | 9.9% |
| Industrial Products | 1.0% | 7.1% |
| Non - Ferrous Metals | 0.0% | 6.5% |
| Retailing | 4.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential FMCG vs Kotak Nifty MNC ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential FMCG Fund | Kotak Nifty MNC ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.68% | Not available |
| Base expense ratio (Direct) | 1.19% | 0.00% |
| Total expense ratio (Regular) | 2.41% | Not available |
| Base expense ratio (Regular) | 1.82% | 0.25% |
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
ICICI Prudential FMCG Fund vs Kotak Nifty MNC ETF: Frequently Asked Questions
What is the difference between ICICI Prudential FMCG Fund and Kotak Nifty MNC ETF?
ICICI Prudential FMCG Fund is a Thematic fund, Kotak Nifty MNC ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 27.6%. ICICI Prudential FMCG Fund charges 1.68% a year and Kotak Nifty MNC ETF 0.40%.
Which has given higher returns, ICICI Prudential FMCG Fund or Kotak Nifty MNC ETF?
Over 1 year: ICICI Prudential FMCG Fund −22.44%, Kotak Nifty MNC ETF −5.30%. Over 3 years: ICICI Prudential FMCG Fund −4.46% a year, Kotak Nifty MNC ETF +10.35% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential FMCG Fund or Kotak Nifty MNC ETF?
Kotak Nifty MNC ETF charges less: 0.40% a year against 1.68%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential FMCG Fund and Kotak Nifty MNC ETF overlap?
27.6%. They hold 7 of the same securities, the largest shared ones being HINDUNILVR, NESTLEIND, BRITANNIA. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential FMCG Fund or Kotak Nifty MNC ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,04,982 in ICICI Prudential FMCG Fund (XIRR -11.9% a year) and ₹3,78,003 in Kotak Nifty MNC ETF (XIRR 1.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential FMCG Fund and Kotak Nifty MNC ETF?
Yes. 27.6% 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.