ICICI Prudential Long Term Fund vs Nippon India Nivesh Lakshya Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Long Term Fund and Nippon India Nivesh Lakshya Long Term Fund are both Long Duration funds. In the 3 years to 30-10-2026, ICICI Prudential Long Term Fund (Direct) returned 6.1% a year and Nippon India Nivesh Lakshya Long Term Fund (Direct) returned 5.8% a year. ICICI Prudential Long Term Fund charges 0.43% a year and Nippon India Nivesh Lakshya Long Term Fund 0.33% (Direct plans). Their portfolios overlap 0.4%: they hold 1 of the same security.
ICICI Prudential Long Term Fund
Long Duration
- 3 year return
- 6.1%
- Expense ratio
- 0.43%
- NAV
- ₹99.02
Nippon India Nivesh Lakshya Long Term Fund
Long Duration
- 3 year return
- 5.8%
- Expense ratio
- 0.33%
- NAV
- ₹18.22
Which is better, ICICI Prudential Long Term or Nippon India Nivesh Lakshya Long Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Nivesh Lakshya Long Term returned more over 5 years: 5.3% a year against 5.1%.
- ICICI Prudential Long Term returned more over 3 years: 6.1% a year against 5.8%.
- Nippon India Nivesh Lakshya Long Term costs less: 0.33% a year against 0.43% (Direct plans).
- ICICI Prudential Long Term swung less over 3 years: a standard deviation of 3.2% a year against 3.8%.
- ICICI Prudential Long Term fell less in its worst fall since 09-07-2018: −4.6% against −5.8%.
- Nippon India Nivesh Lakshya Long Term is the larger fund: ₹5,839 Cr against ₹822 Cr.
- Their portfolios overlap 0.4%: 1 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 Long Term Fund | Nippon India Nivesh Lakshya Long Term Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Long Duration | Long Duration |
| AUM | ₹822 Cr (30-09-2026) | ₹5,839 Cr (30-09-2026) |
| NAV | ₹99.02 (Direct) | ₹18.22 (Direct) |
| Expense ratio (Direct) | 0.43% | 0.33% |
| Expense ratio (Regular) | 0.94% | 0.65% |
| Riskometer | Not available | Moderate |
| Benchmark | CRISIL Long Duration Debt A-III Index | CRISIL Long Duration Debt A-III Index |
| Launch date | 09-07-1998 | 06-07-2018 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Banthia, Raunak Surana | Pranay Sinha |
| Exit load | Nil | Nil |
ICICI Prudential Long Term vs Nippon India Nivesh Lakshya Long Term: 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 Long Term Fund (Direct) | −1.39% | −2.48% | +0.65% | +0.12% | +6.11% | +5.11% | +6.46% |
| Nippon India Nivesh Lakshya Long Term Fund (Direct) | −1.22% | −3.00% | +0.65% | −0.32% | +5.79% | +5.31% | -- |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | +5.83% | -- | -- |
Category average: the average of the 11 Long Duration funds, same plan type.
ICICI Prudential Long Term vs Nippon India Nivesh Lakshya Long Term: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Long Term | Nippon India Nivesh LakshyaNippon India Nivesh Lakshya Long Term |
|---|---|---|
| 2026to date | −0.22% | −0.70% |
| 2025 | +5.65% | +4.44% |
| 2024 | +10.71% | +11.65% |
| 2023 | +7.32% | +7.58% |
| 2022 | +1.86% | +2.76% |
| 2021 | +1.01% | +1.11% |
ICICI Prudential Long Term vs Nippon India Nivesh Lakshya Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,285 of them, one for each trading day from 09-07-2021 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 Long Term Fund (Direct)
Nippon India Nivesh Lakshya Long Term Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Long Term | 0.0 | 32.8 | 64.7 | 2.4 | 0.0 | 0.0 | 0.0 | 6.4% | 6.3% | 2.8% | 10.9% |
| Nippon India Nivesh Lakshya Long Term | 0.0 | 17.8 | 71.2 | 11.0 | 0.0 | 0.0 | 0.0 | 7.0% | 6.9% | 3.3% | 12.9% |
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 09-07-2018. Past returns do not promise future returns.
ICICI Prudential Long Term vs Nippon India Nivesh Lakshya Long Term: 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 02-07-2018 to 30-10-2026: 100 instalments, ₹10,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Long TermICICI Prudential Long Term Fund (Direct) | ₹10,00,000 | ₹12,56,862 | ₹2,56,862 | 5.4% |
| Nippon India Nivesh Lakshya Long TermNippon India Nivesh Lakshya Long Term Fund (Direct) | ₹10,00,000 | ₹12,66,254 | ₹2,66,254 | 5.6% |
ICICI Prudential Long TermICICI Prudential Long Term Fund (Direct)
Nippon India Nivesh Lakshya Long TermNippon India Nivesh Lakshya Long Term 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 Long Term vs Nippon India Nivesh Lakshya Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Long Term Fund (Direct) | Nippon India Nivesh Lakshya Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.12% | −0.32% |
| Standard deviation | 4.30% | 4.66% |
| Sharpe ratio | -1.19 | -1.19 |
| Sortino ratio | -1.59 | -1.58 |
| Maximum drawdown | −4.2% (27-10-2026) | −4.5% (27-10-2026) |
| 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 Long Term Fund (Direct) | Nippon India Nivesh Lakshya Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.11% | +5.79% |
| Standard deviation | 3.17% | 3.75% |
| Sharpe ratio | 0.03 | -0.06 |
| Sortino ratio | 0.04 | -0.08 |
| Maximum drawdown | −4.2% (27-10-2026) | −5.1% (02-04-2026) |
| 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 Long Term Fund (Direct) | Nippon India Nivesh Lakshya Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.11% | +5.31% |
| Standard deviation | 3.47% | 4.16% |
| Sharpe ratio | -0.20 | -0.12 |
| Sortino ratio | -0.27 | -0.16 |
| Maximum drawdown | −4.6% (16-06-2022) | −5.8% (13-06-2022) |
| 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 Long Term Fund (Direct) | Nippon India Nivesh Lakshya Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.50% | +7.54% |
| Standard deviation | 4.39% | 4.58% |
| Sharpe ratio | 0.33 | 0.49 |
| Sortino ratio | 0.46 | 0.71 |
| Maximum drawdown | −12.0% (19-08-2013) | −5.8% (13-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Long Term Fund (Direct)
Nippon India Nivesh Lakshya Long Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Long Term Fund (Direct) | −4.6% | 09-12-2021 | 16-06-2022 | 07-09-2022 | 3 months | −3.7% |
| Nippon India Nivesh Lakshya Long Term Fund (Direct) | −5.8% | 15-12-2021 | 13-06-2022 | 07-09-2022 | 3 months | −4.2% |
From daily values since 09-07-2018, 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 Long Term Fund (Direct)
Nippon India Nivesh Lakshya Long Term 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 Long Term Fund (Direct)
Nippon India Nivesh Lakshya Long Term 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 Long Term Fund (Direct)
Nippon India Nivesh Lakshya Long Term Fund (Direct)
ICICI Prudential Long Term vs Nippon India Nivesh Lakshya Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Long Term Fund, September 2026; Nippon India Nivesh Lakshya Long Term Fund, September 2026
Holdings in common
- Overlap
- 0.4%
- Held by both
- 1
- Only in ICICI Prudential Long Term
- 18
- Only in Nippon India Nivesh Lakshya Long Term
- 15
| Security | % of ICICI Prudential Long Term | % of Nippon India Nivesh Lakshya Long Term |
|---|---|---|
| Corporate Debt Market Development Fund (Class A2) | 0.41% | 0.49% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.4% means 0.4% 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 Long Term Fund
| Security | % of fund |
|---|---|
| Government Securities | 36.66% |
| Government Securities | 13.55% |
| State Government of Maharashtra | 8.36% |
| State Government of Maharashtra | 5.70% |
| State Government of Maharashtra | 5.58% |
Largest holdings only in Nippon India Nivesh Lakshya Long Term Fund
| Security | % of fund |
|---|---|
| 6.62% Government of India | 20.55% |
| 8.13% Government of India | 16.99% |
| 6.99% Government of India | 15.52% |
| 7.06% Government of India | 12.37% |
| 9.23% Government of India | 9.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Long Term | Nippon India Nivesh Lakshya Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.4% | 96.4% |
| Cash and others | 4.6% | 3.6% |
ICICI Prudential Long Term vs Nippon India Nivesh Lakshya Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Long Term Fund | Nippon India Nivesh Lakshya Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.43% | 0.33% |
| Base expense ratio (Direct) | 0.37% | 0.28% |
| Total expense ratio (Regular) | 0.94% | 0.65% |
| Base expense ratio (Regular) | 0.81% | 0.55% |
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 Long Term with
Compare Nippon India Nivesh Lakshya Long Term with
ICICI Prudential Long Term Fund vs Nippon India Nivesh Lakshya Long Term Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Long Term Fund and Nippon India Nivesh Lakshya Long Term Fund?
Both are Long Duration funds, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 0.4%. ICICI Prudential Long Term Fund charges 0.43% a year and Nippon India Nivesh Lakshya Long Term Fund 0.33%.
Which has given higher returns, ICICI Prudential Long Term Fund or Nippon India Nivesh Lakshya Long Term Fund?
Over 1 year: ICICI Prudential Long Term Fund +0.12%, Nippon India Nivesh Lakshya Long Term Fund −0.32%. Over 3 years: ICICI Prudential Long Term Fund +6.11% a year, Nippon India Nivesh Lakshya Long Term Fund +5.79% a year. Over 5 years: ICICI Prudential Long Term Fund +5.11% a year, Nippon India Nivesh Lakshya Long Term Fund +5.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Long Term Fund or Nippon India Nivesh Lakshya Long Term Fund?
Nippon India Nivesh Lakshya Long Term Fund charges less: 0.33% a year against 0.43%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Long Term Fund and Nippon India Nivesh Lakshya Long Term Fund overlap?
0.4%. They hold 1 of the same securities, the largest shared ones being Corporate Debt Market Development Fund (Class A2). From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Long Term Fund or Nippon India Nivesh Lakshya Long Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,91,769 in ICICI Prudential Long Term Fund (XIRR 4.9% a year) and ₹6,87,088 in Nippon India Nivesh Lakshya Long Term Fund (XIRR 4.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Long Term Fund and Nippon India Nivesh Lakshya Long Term Fund?
Yes. 0.4% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages ICICI Prudential Long Term Fund and Nippon India Nivesh Lakshya Long Term Fund?
ICICI Prudential Long Term Fund: Manish Banthia, Raunak Surana. Nippon India Nivesh Lakshya Long Term Fund: Pranay Sinha.
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.