ICICI Prudential Healthcare Fund vs ICICI Prudential Nifty Healthcare ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Healthcare Fund is a Thematic fund and ICICI Prudential Nifty Healthcare ETF is an ETF fund. In the 3 years to 30-10-2026, ICICI Prudential Healthcare Fund (Direct) returned 22.4% a year and ICICI Prudential Nifty Healthcare ETF returned 21.4% a year. ICICI Prudential Healthcare Fund charges 1.31% a year and ICICI Prudential Nifty Healthcare ETF 0.18%. Their portfolios overlap 45.3%: they hold 12 of the same securities.
ICICI Prudential Healthcare Fund
Thematic
- 3 year return
- 22.4%
- Expense ratio
- 1.31%
- NAV
- ₹45.82
ICICI Prudential Nifty Healthcare ETF
ETF
- 3 year return
- 21.4%
- Expense ratio
- 0.18%
- NAV
- ₹168.84
Which is better, ICICI Prudential Healthcare or ICICI Prudential Nifty Healthcare 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 Healthcare returned more over 5 years: 16.7% a year against 14.4%.
- ICICI Prudential Healthcare returned more over 3 years: 22.4% a year against 21.4%.
- ICICI Prudential Nifty Healthcare ETF costs less: 0.18% a year against 1.31%.
- ICICI Prudential Healthcare swung less over 3 years: a standard deviation of 13.7% a year against 14.7%.
- ICICI Prudential Healthcare fell less in its worst fall since 21-05-2021: −18.1% against −20.6%.
- ICICI Prudential Nifty Healthcare ETF holds more in large companies: 47.8% of the fund in large caps against 23.4%.
- ICICI Prudential Healthcare is the larger fund: ₹6,861 Cr against ₹231 Cr.
- Their portfolios overlap 45.3%: 12 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 Healthcare Fund | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹6,861 Cr (30-09-2026) | ₹231 Cr (30-09-2026) |
| NAV | ₹45.82 (Direct) | ₹168.84 |
| Expense ratio (Direct) | 1.31% | Not available |
| Expense ratio (Regular) | 2.07% | Not available |
| Riskometer | Very High | Not available |
| Benchmark | BSE Healthcare TRI | NIFTY Healthcare TRI |
| Launch date | 13-07-2018 | 18-05-2021 |
| Minimum investment | ₹5,000 | During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its mul |
| Lock in | None | None |
| Fund managers | Dharmesh Kakkad, Sharmila D'silva | Nishit Patel, Ashwini Bharucha, Venus Ahuja |
| Exit load | 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment (w.e.f. 1st Jan 2019) | Nil |
ICICI Prudential Healthcare vs ICICI Prudential Nifty Healthcare 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 Healthcare Fund (Direct) | −0.63% | −3.54% | +5.70% | +5.09% | +22.38% | +16.69% | -- |
| ICICI Prudential Nifty Healthcare ETF | +1.93% | −1.52% | +10.50% | +11.33% | +21.38% | +14.40% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Healthcare vs ICICI Prudential Nifty Healthcare ETF: Year-wise Returns
| Year | HealthcareICICI Prudential Healthcare | Nifty Healthcare ETFICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| 2026to date | +6.43% | +12.76% |
| 2025 | +0.05% | −1.62% |
| 2024 | +49.36% | +41.13% |
| 2023 | +42.55% | +33.76% |
| 2022 | −7.63% | −10.19% |
| 2021 | +19.30% | -- |
ICICI Prudential Healthcare vs ICICI Prudential Nifty Healthcare ETF: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of ICICI Prudential Healthcare Fund
Rolling returns
Every 3-year holding period, 604 of them, one for each trading day from 21-05-2024 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 Healthcare Fund (Direct)
ICICI Prudential Nifty Healthcare ETF
BSE Healthcare TRI
to
Jul 2024Dec 2021
to
Dec 2024May 2022
to
May 2025Oct 2022
to
Oct 2025Mar 2023
to
Mar 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 Healthcare | 0.0 | 0.0 | 0.0 | 0.0 | 8.4 | 33.6 | 57.9 | 25.5% | 26.1% | 15.5% | 31.6% | 95% |
| ICICI Prudential Nifty Healthcare ETF | 0.0 | 0.0 | 0.0 | 7.6 | 32.7 | 54.6 | 5.1 | 20.5% | 21.1% | 12.0% | 27.1% | 0% |
| BSE Healthcare TRI | 0.0 | 0.0 | 0.0 | 7.3 | 17.5 | 49.2 | 26.0 | 22.4% | 23.2% | 12.3% | 28.8% | -- |
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. The benchmark is BSE Healthcare 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 21-05-2021. Past returns do not promise future returns.
ICICI Prudential Healthcare vs ICICI Prudential Nifty Healthcare 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 03-05-2021 to 30-10-2026: 66 instalments, ₹6,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential HealthcareICICI Prudential Healthcare Fund (Direct) | ₹6,60,000 | ₹10,83,658 | ₹4,23,658 | 18.0% |
| ICICI Prudential Nifty Healthcare ETFICICI Prudential Nifty Healthcare ETF | ₹6,60,000 | ₹10,38,224 | ₹3,78,224 | 16.4% |
ICICI Prudential HealthcareICICI Prudential Healthcare Fund (Direct)
ICICI Prudential Nifty Healthcare ETFICICI Prudential Nifty Healthcare 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 Healthcare vs ICICI Prudential Nifty Healthcare ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Healthcare Fund (Direct) | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Return (CAGR) | +5.09% | +11.33% |
| Standard deviation | 13.46% | 14.04% |
| Sharpe ratio | -0.01 | 0.43 |
| Sortino ratio | -0.02 | 0.64 |
| Maximum drawdown | −10.6% (23-03-2026) | −9.2% (23-10-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | −6.75% | −0.17% |
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 Healthcare Fund (Direct) | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Return (CAGR) | +22.38% | +21.38% |
| Standard deviation | 13.68% | 14.71% |
| Sharpe ratio | 1.20 | 1.04 |
| Sortino ratio | 1.72 | 1.50 |
| Maximum drawdown | −16.2% (28-02-2025) | −15.7% (28-02-2025) |
| Beta | 0.92 | 1.00 |
| Alpha | +0.66% | −0.17% |
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 Healthcare Fund (Direct) | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Return (CAGR) | +16.69% | +14.40% |
| Standard deviation | 13.14% | 14.86% |
| Sharpe ratio | 0.83 | 0.58 |
| Sortino ratio | 1.18 | 0.84 |
| Maximum drawdown | −16.2% (28-02-2025) | −18.3% (17-06-2022) |
| Beta | 0.90 | 1.00 |
| Alpha | +2.09% | −0.15% |
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 Healthcare Fund (Direct) | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Return (CAGR) | +20.30% | +13.75% |
| Standard deviation | 14.88% | 14.81% |
| Sharpe ratio | 1.01 | 0.55 |
| Sortino ratio | 1.47 | 0.79 |
| Maximum drawdown | −20.6% (23-03-2020) | −20.6% (17-06-2022) |
| Beta | 0.86 | 1.00 |
| Alpha | +4.21% | −0.16% |
From daily NAVs, 16-07-2018 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 Healthcare Fund (Direct)
ICICI Prudential Nifty Healthcare ETF
BSE Healthcare TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Healthcare Fund (Direct) | −18.1% | 15-09-2021 | 17-06-2022 | 26-06-2023 | 12 months | −4.8% |
| ICICI Prudential Nifty Healthcare ETF | −20.6% | 03-09-2021 | 17-06-2022 | 20-07-2023 | 13 months | −2.9% |
| BSE Healthcare TRI | −21.6% | 15-09-2021 | 17-06-2022 | 20-07-2023 | 13 months | −3.8% |
From daily values since 21-05-2021, 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 Healthcare Fund (Direct)
ICICI Prudential Nifty Healthcare ETF
BSE Healthcare 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 Healthcare Fund (Direct)
ICICI Prudential Nifty Healthcare ETF
BSE Healthcare 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 Healthcare Fund (Direct)
ICICI Prudential Nifty Healthcare ETF
BSE Healthcare TRI
Against BSE Healthcare TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Healthcare Fund (Direct) | 97% | 88% | 4.18% |
| ICICI Prudential Nifty Healthcare ETF | 98% | 103% | 3.09% |
From month-end values since 21-05-2021. 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 Healthcare vs ICICI Prudential Nifty Healthcare ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Healthcare Fund, September 2026; ICICI Prudential Nifty Healthcare ETF, September 2026
Holdings in common
- Overlap
- 45.3%
- Held by both
- 12
- Only in ICICI Prudential Healthcare
- 27
- Only in ICICI Prudential Nifty Healthcare ETF
- 8
| Security | % of ICICI Prudential Healthcare | % of ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Sun Pharmaceutical Industries Ltd. | 11.49% | 17.00% |
| Dr. Reddy's Laboratories Ltd. | 9.73% | 6.65% |
| Cipla Ltd. | 5.79% | 6.69% |
| Divi's Laboratories Ltd. | 3.78% | 10.44% |
| Alkem Laboratories Ltd. | 4.81% | 2.75% |
| MAX Healthcare Institute Ltd | 2.63% | 6.12% |
| Mankind Pharma Ltd. | 5.04% | 2.51% |
| Apollo Hospitals Enterprise Ltd. | 2.30% | 7.43% |
| Biocon Ltd. | 5.33% | 2.28% |
| Gland Pharma Ltd. | 1.97% | 2.04% |
| Lupin Ltd. | 1.88% | 4.36% |
| Abbott India Ltd. | 2.54% | 1.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.3% means 45.3% 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 Healthcare Fund
| Security | % of fund |
|---|---|
| Medplus Health Services Ltd | 4.31% |
| Cohance Lifesciences Ltd. | 4.06% |
| Syngene International Ltd. | 3.50% |
| Dr Agarwal's Health Care Ltd | 2.66% |
| Alembic Pharmaceuticals Ltd. | 2.50% |
Largest holdings only in ICICI Prudential Nifty Healthcare ETF
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 6.82% |
| Torrent Pharmaceuticals Ltd. | 6.24% |
| Aurobindo Pharma Ltd. | 4.08% |
| Fortis Healthcare Ltd. | 3.55% |
| Glenmark Pharmaceuticals Ltd. | 3.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Healthcare | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Equity | 98.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Healthcare | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Large Cap | 23.4% | 47.8% |
| Mid Cap | 32.0% | 48.4% |
| Small Cap | 42.7% | 3.8% |
| Not on AMFI's list | 0.9% | 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 Healthcare | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 72.6% | 81.1% |
| Healthcare Services | 18.3% | 18.9% |
| Retailing | 5.0% | 0.0% |
| Chemicals & Petrochemicals | 1.2% | 0.0% |
| Insurance | 1.1% | 0.0% |
| Healthcare Equipment & Supplies | 0.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Healthcare vs ICICI Prudential Nifty Healthcare ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Healthcare Fund | ICICI Prudential Nifty Healthcare ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.31% | Not available |
| Base expense ratio (Direct) | 0.89% | 0.00% |
| Total expense ratio (Regular) | 2.07% | Not available |
| Base expense ratio (Regular) | 1.55% | 0.13% |
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 Healthcare with
ICICI Prudential Healthcare Fund vs ICICI Prudential Nifty Healthcare ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Healthcare Fund and ICICI Prudential Nifty Healthcare ETF?
ICICI Prudential Healthcare Fund is a Thematic fund, ICICI Prudential Nifty Healthcare ETF is an ETF fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 45.3%. ICICI Prudential Healthcare Fund charges 1.31% a year and ICICI Prudential Nifty Healthcare ETF 0.18%.
Which has given higher returns, ICICI Prudential Healthcare Fund or ICICI Prudential Nifty Healthcare ETF?
Over 1 year: ICICI Prudential Healthcare Fund +5.09%, ICICI Prudential Nifty Healthcare ETF +11.33%. Over 3 years: ICICI Prudential Healthcare Fund +22.38% a year, ICICI Prudential Nifty Healthcare ETF +21.38% a year. Over 5 years: ICICI Prudential Healthcare Fund +16.69% a year, ICICI Prudential Nifty Healthcare ETF +14.40% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Healthcare Fund or ICICI Prudential Nifty Healthcare ETF?
ICICI Prudential Nifty Healthcare ETF charges less: 0.18% a year against 1.31%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Healthcare Fund and ICICI Prudential Nifty Healthcare ETF overlap?
45.3%. They hold 12 of the same securities, the largest shared ones being SUNPHARMA, DRREDDY, CIPLA. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Healthcare Fund or ICICI Prudential Nifty Healthcare ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹9,75,479 in ICICI Prudential Healthcare Fund (XIRR 18.5% a year) and ₹9,41,675 in ICICI Prudential Nifty Healthcare ETF (XIRR 17.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Healthcare Fund and ICICI Prudential Nifty Healthcare ETF?
Yes. 45.3% 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 Healthcare Fund and ICICI Prudential Nifty Healthcare ETF?
ICICI Prudential Healthcare Fund: Dharmesh Kakkad, Sharmila D'silva. ICICI Prudential Nifty Healthcare ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja.
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.