ICICI Prudential Healthcare Fund vs SBI Healthcare Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Healthcare Fund is a Thematic fund and SBI Healthcare Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, ICICI Prudential Healthcare Fund (Direct) returned 22.4% a year and SBI Healthcare Opportunities Fund (Direct) returned 24.6% a year. ICICI Prudential Healthcare Fund charges 1.31% a year and SBI Healthcare Opportunities Fund 1.01% (Direct plans). Their portfolios overlap 34.0%: they hold 12 of the same securities.
ICICI Prudential Healthcare Fund
Thematic
- 3 year return
- 22.4%
- Expense ratio
- 1.31%
- NAV
- ₹45.82
SBI Healthcare Opportunities Fund
Thematic
- 3 year return
- 24.6%
- Expense ratio
- 1.01%
- NAV
- ₹588.16
Which is better, ICICI Prudential Healthcare or SBI Healthcare Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Healthcare Opportunities returned more over 5 years: 19.2% a year against 16.7%.
- SBI Healthcare Opportunities returned more over 3 years: 24.6% a year against 22.4%.
- SBI Healthcare Opportunities costs less: 1.01% a year against 1.31% (Direct plans).
- SBI Healthcare Opportunities swung less over 3 years: a standard deviation of 13.1% a year against 13.7%.
- ICICI Prudential Healthcare fell less in its worst fall since 16-07-2018: −20.6% against −23.0%.
- ICICI Prudential Healthcare is the larger fund: ₹6,861 Cr against ₹5,870 Cr.
- Their portfolios overlap 34.0%: 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 | SBI Healthcare Opportunities Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹6,861 Cr (30-09-2026) | ₹5,870 Cr (30-09-2026) |
| NAV | ₹45.82 (Direct) | ₹588.16 (Direct) |
| Expense ratio (Direct) | 1.31% | 1.01% |
| Expense ratio (Regular) | 2.07% | 1.99% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Healthcare TRI | Not available |
| Launch date | 13-07-2018 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Dharmesh Kakkad, Sharmila D'silva | Not available |
| 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) | Not available |
ICICI Prudential Healthcare vs SBI Healthcare Opportunities: 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% | -- |
| SBI Healthcare Opportunities Fund (Direct) | +0.31% | −0.59% | +16.00% | +17.12% | +24.60% | +19.22% | +14.72% |
| 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 Healthcare vs SBI Healthcare Opportunities: Year-wise Returns
| Year | ICICI Prudential HealthcareICICI Prudential Healthcare | SBI Healthcare OpportunitiesSBI Healthcare Opportunities | BSE Healthcare TRI |
|---|---|---|---|
| 2026to date | +6.43% | +21.31% | +15.08% |
| 2025 | +0.05% | −2.50% | −2.72% |
| 2024 | +49.36% | +43.75% | +44.30% |
| 2023 | +42.55% | +39.72% | +37.97% |
| 2022 | −7.63% | −5.01% | −11.50% |
| 2021 | +19.30% | +21.48% | +21.54% |
ICICI Prudential Healthcare vs SBI Healthcare Opportunities: Rolling Returns
Every holding period of both funds, against BSE Healthcare TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,302 of them, one for each trading day from 16-07-2021 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)
SBI Healthcare Opportunities Fund (Direct)
BSE Healthcare TRI
to
Dec 2021Nov 2019
to
Nov 2022Oct 2020
to
Oct 2023Aug 2021
to
Aug 2024Jul 2022
to
Jul 2025May 2023
to
May 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 | 0.5 | 21.1 | 27.2 | 51.2 | 24.2% | 25.1% | 14.7% | 31.6% | 98% |
| SBI Healthcare Opportunities | 0.0 | 0.0 | 0.0 | 0.0 | 19.2 | 42.9 | 37.8 | 23.6% | 24.3% | 15.2% | 31.1% | 99% |
| BSE Healthcare TRI | 0.0 | 0.0 | 0.0 | 12.2 | 29.0 | 46.1 | 12.7 | 20.6% | 20.9% | 12.0% | 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 16-07-2018. Past returns do not promise future returns.
ICICI Prudential Healthcare vs SBI Healthcare Opportunities: 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 16-07-2018 to 30-10-2026: 100 instalments, ₹10,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential HealthcareICICI Prudential Healthcare Fund (Direct) | ₹10,00,000 | ₹24,27,547 | ₹14,27,547 | 20.6% |
| SBI Healthcare OpportunitiesSBI Healthcare Opportunities Fund (Direct) | ₹10,00,000 | ₹25,74,824 | ₹15,74,824 | 22.0% |
ICICI Prudential HealthcareICICI Prudential Healthcare Fund (Direct)
SBI Healthcare OpportunitiesSBI Healthcare Opportunities 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 Healthcare vs SBI Healthcare Opportunities: 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) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.09% | +17.12% |
| Standard deviation | 13.46% | 13.36% |
| Sharpe ratio | -0.01 | 0.89 |
| Sortino ratio | -0.02 | 1.33 |
| Maximum drawdown | −10.6% (23-03-2026) | −10.3% (23-10-2026) |
| Beta | 0.93 | 0.93 |
| Alpha | −6.75% | +5.25% |
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) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.38% | +24.60% |
| Standard deviation | 13.68% | 13.07% |
| Sharpe ratio | 1.20 | 1.42 |
| Sortino ratio | 1.72 | 2.03 |
| Maximum drawdown | −16.2% (28-02-2025) | −13.5% (28-02-2025) |
| Beta | 0.92 | 0.88 |
| Alpha | +0.66% | +3.61% |
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) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.69% | +19.22% |
| Standard deviation | 13.14% | 12.96% |
| Sharpe ratio | 0.83 | 1.04 |
| Sortino ratio | 1.18 | 1.48 |
| Maximum drawdown | −16.2% (28-02-2025) | −17.4% (17-06-2022) |
| Beta | 0.90 | 0.88 |
| Alpha | +2.09% | +4.81% |
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) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.30% | +17.93% |
| Standard deviation | 14.88% | 15.96% |
| Sharpe ratio | 1.01 | 0.74 |
| Sortino ratio | 1.47 | 1.05 |
| Maximum drawdown | −20.6% (23-03-2020) | −30.5% (23-03-2020) |
| Beta | 0.86 | 0.91 |
| Alpha | +4.21% | +3.97% |
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)
SBI Healthcare Opportunities Fund (Direct)
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) | −20.6% | 14-02-2020 | 23-03-2020 | 08-04-2020 | 16 days | −4.8% |
| SBI Healthcare Opportunities Fund (Direct) | −23.0% | 07-09-2018 | 23-03-2020 | 09-04-2020 | 17 days | −3.8% |
| BSE Healthcare TRI | −31.6% | 07-09-2018 | 23-03-2020 | 05-06-2020 | 2 months | −3.8% |
From daily values since 16-07-2018, 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)
SBI Healthcare Opportunities Fund (Direct)
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)
SBI Healthcare Opportunities Fund (Direct)
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)
SBI Healthcare Opportunities Fund (Direct)
BSE Healthcare TRI
Against BSE Healthcare TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Healthcare Fund (Direct) | 97% | 79% | 4.56% |
| SBI Healthcare Opportunities Fund (Direct) | 98% | 78% | 4.38% |
From month-end values since 16-07-2018. 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 SBI Healthcare Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Healthcare Fund, September 2026; SBI Healthcare Opportunities Fund, September 2026
Holdings in common
- Overlap
- 34.0%
- Held by both
- 12
- Only in ICICI Prudential Healthcare
- 27
- Only in SBI Healthcare Opportunities
- 24
| Security | % of ICICI Prudential Healthcare | % of SBI Healthcare Opportunities |
|---|---|---|
| Sun Pharmaceutical Industries Ltd. | 11.49% | 11.14% |
| Cipla Ltd. | 5.79% | 4.40% |
| Divi's Laboratories Ltd. | 3.78% | 7.91% |
| MAX Healthcare Institute Ltd | 2.63% | 3.80% |
| Biocon Ltd. | 5.33% | 2.37% |
| Apollo Hospitals Enterprise Ltd. | 2.30% | 4.45% |
| Gland Pharma Ltd. | 1.97% | 2.96% |
| Mankind Pharma Ltd. | 5.04% | 1.71% |
| Cohance Lifesciences Ltd. | 4.06% | 1.66% |
| Syngene International Ltd. | 3.50% | 1.12% |
| Rainbow Childrens Medicare Ltd | 1.29% | 0.67% |
| Abbott India Ltd. | 2.54% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.0% means 34.0% 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 |
|---|---|
| Dr. Reddy's Laboratories Ltd. | 9.73% |
| Alkem Laboratories Ltd. | 4.81% |
| Medplus Health Services Ltd | 4.31% |
| Dr Agarwal's Health Care Ltd | 2.66% |
| Alembic Pharmaceuticals Ltd. | 2.50% |
Largest holdings only in SBI Healthcare Opportunities Fund
| Security | % of fund |
|---|---|
| Acutaas Chemicals Ltd. | 5.03% |
| Torrent Pharmaceuticals Ltd. | 4.42% |
| Laurus Labs Ltd. | 4.05% |
| Aurobindo Pharma Ltd. | 3.42% |
| Aster DM Quality Care Ltd. | 3.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Healthcare | SBI Healthcare Opportunities |
|---|---|---|
| Equity | 98.9% | 95.5% |
| Debt | 0.0% | 0.1% |
| Cash and others | 1.1% | 4.4% |
Market cap of stocks
| Market cap | ICICI Prudential Healthcare | SBI Healthcare Opportunities |
|---|---|---|
| Large Cap | 23.4% | 32.3% |
| Mid Cap | 32.0% | 25.7% |
| Small Cap | 42.7% | 35.4% |
| Not on AMFI's list | 0.9% | 2.2% |
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 | SBI Healthcare Opportunities |
|---|---|---|
| Pharmaceuticals & Biotechnology | 72.6% | 63.1% |
| Healthcare Services | 18.3% | 25.6% |
| Retailing | 5.0% | 0.0% |
| Chemicals & Petrochemicals | 1.2% | 5.0% |
| Healthcare Equipment & Supplies | 0.7% | 1.8% |
| Insurance | 1.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Healthcare vs SBI Healthcare Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Healthcare Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.31% | 1.01% |
| Base expense ratio (Direct) | 0.89% | 0.74% |
| Total expense ratio (Regular) | 2.07% | 1.99% |
| Base expense ratio (Regular) | 1.55% | 1.58% |
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 SBI Healthcare Opportunities Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Healthcare Fund and SBI Healthcare Opportunities Fund?
ICICI Prudential Healthcare Fund is a Thematic fund, SBI Healthcare Opportunities Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 34.0%. ICICI Prudential Healthcare Fund charges 1.31% a year and SBI Healthcare Opportunities Fund 1.01%.
Which has given higher returns, ICICI Prudential Healthcare Fund or SBI Healthcare Opportunities Fund?
Over 1 year: ICICI Prudential Healthcare Fund +5.09%, SBI Healthcare Opportunities Fund +17.12%. Over 3 years: ICICI Prudential Healthcare Fund +22.38% a year, SBI Healthcare Opportunities Fund +24.60% a year. Over 5 years: ICICI Prudential Healthcare Fund +16.69% a year, SBI Healthcare Opportunities Fund +19.22% 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 SBI Healthcare Opportunities Fund?
SBI Healthcare Opportunities Fund charges less: 1.01% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Healthcare Fund and SBI Healthcare Opportunities Fund overlap?
34.0%. They hold 12 of the same securities, the largest shared ones being SUNPHARMA, CIPLA, DIVISLAB. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Healthcare Fund or SBI Healthcare Opportunities Fund?
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 ₹10,49,448 in SBI Healthcare Opportunities Fund (XIRR 21.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Healthcare Fund and SBI Healthcare Opportunities Fund?
Yes. 34.0% 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.