ICICI Prudential Long Term Wealth Enhancement Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Long Term Wealth Enhancement Fund is an ELSS fund and Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund. ICICI Prudential Long Term Wealth Enhancement Fund charges 0.81% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%. Their portfolios overlap 47.3%: they hold 12 of the same securities.
ICICI Prudential Long Term Wealth Enhancement Fund
ELSS
- Expense ratio
- 0.81%
- NAV
- ₹29.08
Mirae Asset Nifty Top 20 Equal Weight ETF
- Expense ratio
- 0.26%
- NAV
- ₹8.69
Which is better, ICICI Prudential Long Term Wealth Enhancement or Mirae Asset Nifty Top 20 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty Top 20 Equal Weight ETF costs less: 0.26% a year against 0.81%.
- ICICI Prudential Long Term Wealth Enhancement fell less in its worst fall since 16-12-2025: −15.9% against −16.0%.
- Mirae Asset Nifty Top 20 Equal Weight ETF holds more in large companies: 100.0% of the fund in large caps against 79.2%.
- ICICI Prudential Long Term Wealth Enhancement is the larger fund: ₹37 Cr against ₹14 Cr.
- Their portfolios overlap 47.3%: 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 Long Term Wealth Enhancement Fund | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Mirae Asset Mutual Fund |
| Category | ELSS | Not available |
| AUM | ₹37 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹29.08 (Direct) | ₹8.69 |
| Expense ratio (Direct) | 0.81% | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
ICICI Prudential Long Term Wealth Enhancement vs Mirae Asset Nifty Top 20 Equal Weight 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 Long Term Wealth Enhancement Fund (Direct) | +0.24% | −6.22% | +0.41% | −8.09% | +12.65% | +11.74% | -- |
| Mirae Asset Nifty Top 20 Equal Weight ETF | +3.84% | −3.73% | −0.27% | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
ICICI Prudential Long Term Wealth Enhancement vs Mirae Asset Nifty Top 20 Equal Weight ETF: Year-wise Returns
| Year | ICICI Prudential Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement | Mirae Asset Nifty Top 20 Equal Weight ETFMirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| 2026to date | −8.26% | −10.27% |
| 2025 | +8.23% | -- |
| 2024 | +27.24% | -- |
| 2023 | +24.97% | -- |
| 2022 | +15.20% | -- |
| 2021 | +26.50% | -- |
ICICI Prudential Long Term Wealth Enhancement vs Mirae Asset Nifty Top 20 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of ICICI Prudential Long Term Wealth Enhancement Fund
ICICI Prudential Long Term Wealth Enhancement vs Mirae Asset Nifty Top 20 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | +12.59% | −11.00% |
| Standard deviation | 16.77% | 14.95% |
| Sharpe ratio | 0.43 | -1.09 |
| Sortino ratio | 0.59 | -1.45 |
| Maximum drawdown | −39.7% (23-03-2020) | −16.0% (30-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +0.66% | −0.12% |
From daily NAVs, 23-03-2018 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 Long Term Wealth Enhancement Fund
Mirae Asset Nifty Top 20 Equal Weight ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Long Term Wealth Enhancement Fund | −15.9% | 22-12-2025 | 30-03-2026 | Not yet | -- | −9.6% |
| Mirae Asset Nifty Top 20 Equal Weight ETF | −16.0% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 16-12-2025, the first day every fund has.
ICICI Prudential Long Term Wealth Enhancement vs Mirae Asset Nifty Top 20 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Long Term Wealth Enhancement Fund, September 2026; Mirae Asset Nifty Top 20 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 47.3%
- Held by both
- 12
- Only in ICICI Prudential Long Term Wealth Enhancement
- 12
- Only in Mirae Asset Nifty Top 20 Equal Weight ETF
- 8
| Security | % of ICICI Prudential Long Term Wealth Enhancement | % of Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| ICICI Bank Ltd. | 7.75% | 5.09% |
| Maruti Suzuki India Ltd. | 7.90% | 5.06% |
| HDFC Bank Ltd. | 7.22% | 4.92% |
| Eternal Ltd. | 5.66% | 4.88% |
| Reliance Industries Ltd. | 4.83% | 4.94% |
| Bharti Airtel Ltd. | 4.74% | 5.02% |
| Infosys Ltd. | 3.99% | 5.08% |
| Axis Bank Ltd. | 3.62% | 5.12% |
| Sun Pharmaceutical Industries Ltd. | 3.56% | 5.01% |
| State Bank Of India | 2.64% | 4.98% |
| HCL Technologies Ltd. | 2.19% | 4.99% |
| Mahindra & Mahindra Ltd. | 1.83% | 4.96% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.3% means 47.3% 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 Long Term Wealth Enhancement Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Ltd. | 9.91% |
| The Ethos Ltd. | 5.62% |
| Avenue Supermarts Ltd. | 5.32% |
| Red Tape Ltd | 4.31% |
| RR Kabel Ltd. | 4.00% |
Largest holdings only in Mirae Asset Nifty Top 20 Equal Weight ETF
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. | 5.27% |
| NTPC Ltd. | 5.05% |
| Tata Consultancy Services Ltd. | 5.03% |
| ITC Ltd. | 4.99% |
| Larsen & Toubro Ltd. | 4.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Long Term Wealth Enhancement | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Equity | 95.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Long Term Wealth Enhancement | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Large Cap | 79.2% | 100.0% |
| Mid Cap | 1.1% | 0.0% |
| Small Cap | 15.5% | 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 Long Term Wealth Enhancement | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Banks | 21.2% | 25.4% |
| Automobiles | 19.6% | 10.0% |
| IT - Software | 0.0% | 15.1% |
| Retailing | 14.7% | 4.9% |
| Consumer Durables | 9.9% | 4.8% |
| Diversified FMCG | 0.0% | 9.9% |
| It - Software | 6.2% | 0.0% |
| Power | 0.0% | 5.0% |
| Telecom - Services | 4.7% | 5.0% |
| Petroleum Products | 4.8% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Long Term Wealth Enhancement vs Mirae Asset Nifty Top 20 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Long Term Wealth Enhancement Fund | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.81% | Not available |
| Base expense ratio (Direct) | 0.66% | 0.00% |
| Base expense ratio (Regular) | 0.92% | 0.09% |
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
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ICICI Prudential Long Term Wealth Enhancement Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Long Term Wealth Enhancement Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
ICICI Prudential Long Term Wealth Enhancement Fund is an ELSS fund, Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund, run by ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 47.3%. ICICI Prudential Long Term Wealth Enhancement Fund charges 0.81% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%.
Which has the lower expense ratio, ICICI Prudential Long Term Wealth Enhancement Fund or Mirae Asset Nifty Top 20 Equal Weight ETF?
Mirae Asset Nifty Top 20 Equal Weight ETF charges less: 0.26% a year against 0.81%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Long Term Wealth Enhancement Fund and Mirae Asset Nifty Top 20 Equal Weight ETF overlap?
47.3%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, MARUTI, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Long Term Wealth Enhancement Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
Yes. 47.3% of each fund's money sits in the same holdings, so a large part 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.