ICICI Prudential Nifty 100 ETF vs SBI ELSS Tax Saver Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty 100 ETF is an ETF fund and SBI ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty 100 ETF returned 8.5% a year and SBI ELSS Tax Saver Fund (Direct) returned 13.2% a year. ICICI Prudential Nifty 100 ETF charges 0.50% a year and SBI ELSS Tax Saver Fund 1.23%. Their portfolios overlap 45.2%: they hold 36 of the same securities.
ICICI Prudential Nifty 100 ETF
ETF
- 3 year return
- 8.5%
- Expense ratio
- 0.50%
- NAV
- ₹26.77
SBI ELSS Tax Saver Fund
ELSS
- 3 year return
- 13.2%
- Expense ratio
- 1.23%
- NAV
- ₹441.93
Which is better, ICICI Prudential Nifty 100 ETF or SBI ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI ELSS Tax Saver returned more over 5 years: 13.2% a year against 6.7%.
- SBI ELSS Tax Saver returned more over 3 years: 13.2% a year against 8.5%.
- ICICI Prudential Nifty 100 ETF costs less: 0.50% a year against 1.23%.
- SBI ELSS Tax Saver swung less over 3 years: a standard deviation of 13.1% a year against 13.7%.
- ICICI Prudential Nifty 100 ETF fell less in its worst fall since 21-08-2013: −37.9% against −38.2%.
- ICICI Prudential Nifty 100 ETF holds more in large companies: 98.0% of the fund in large caps against 63.3%.
- SBI ELSS Tax Saver is the larger fund: ₹30,027 Cr against ₹151 Cr.
- Their portfolios overlap 45.2%: 36 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 Nifty 100 ETF | SBI ELSS Tax Saver Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | ETF | ELSS |
| AUM | ₹151 Cr (30-09-2026) | ₹30,027 Cr (30-09-2026) |
| NAV | ₹26.77 | ₹441.93 (Direct) |
| Expense ratio (Direct) | Not available | 1.23% |
| Expense ratio (Regular) | Not available | 1.85% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE 500 TRI |
| Launch date | 20-08-2013 | 31-03-1993 |
| Minimum investment | 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 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja | Dinesh Balachandran |
| Exit load | Not available | Nil |
ICICI Prudential Nifty 100 ETF vs SBI ELSS Tax Saver: 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 Nifty 100 ETF | +1.00% | −5.43% | −3.23% | −9.17% | +8.54% | +6.69% | +11.17% |
| SBI ELSS Tax Saver Fund (Direct) | −0.50% | −7.18% | −4.75% | −8.94% | +13.23% | +13.15% | +13.59% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
ICICI Prudential Nifty 100 ETF vs SBI ELSS Tax Saver: Year-wise Returns
| Year | ICICI Prudential Nifty 100 ETFICICI Prudential Nifty 100 ETF | SBI ELSS Tax SaverSBI ELSS Tax Saver |
|---|---|---|
| 2026to date | −9.71% | −10.21% |
| 2025 | +9.71% | +7.28% |
| 2024 | +12.38% | +28.61% |
| 2023 | +20.66% | +41.00% |
| 2022 | +4.43% | +7.58% |
| 2021 | +25.85% | +31.86% |
ICICI Prudential Nifty 100 ETF vs SBI ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of ICICI Prudential Nifty 100 ETF
Rolling returns
Every 3-year holding period, 2,514 of them, one for each trading day from 22-08-2016 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 Nifty 100 ETF
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
to
Jun 2017Mar 2016
to
Mar 2019Dec 2017
to
Dec 2020Aug 2019
to
Aug 2022May 2021
to
May 2024Jan 2023
to
Jan 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 Nifty 100 ETF | 1.2 | 4.3 | 13.6 | 49.3 | 25.7 | 4.9 | 1.0 | 13.1% | 13.3% | −5.3% | 30.7% | 0% |
| SBI ELSS Tax Saver | 3.5 | 7.1 | 16.1 | 17.8 | 17.8 | 16.3 | 21.4 | 16.4% | 17.2% | −8.2% | 35.7% | 63% |
| Nifty 100 TRI | 1.0 | 4.0 | 10.7 | 46.5 | 31.0 | 5.4 | 1.4 | 13.7% | 13.9% | −5.0% | 31.4% | -- |
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 100 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 21-08-2013. Past returns do not promise future returns.
ICICI Prudential Nifty 100 ETF vs SBI ELSS Tax Saver: 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 21-08-2013 to 30-10-2026: 159 instalments, ₹15,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty 100 ETFICICI Prudential Nifty 100 ETF | ₹15,90,000 | ₹33,91,635 | ₹18,01,635 | 10.8% |
| SBI ELSS Tax SaverSBI ELSS Tax Saver Fund (Direct) | ₹15,90,000 | ₹43,93,697 | ₹28,03,697 | 14.3% |
ICICI Prudential Nifty 100 ETFICICI Prudential Nifty 100 ETF
SBI ELSS Tax SaverSBI ELSS Tax Saver 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 Nifty 100 ETF vs SBI ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty 100 ETF | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.17% | −8.94% |
| Standard deviation | 14.04% | 13.24% |
| Sharpe ratio | -1.03 | -1.07 |
| Sortino ratio | -1.36 | -1.41 |
| Maximum drawdown | −15.0% (31-03-2026) | −14.3% (31-03-2026) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.48% | −2.40% |
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 Nifty 100 ETF | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.54% | +13.23% |
| Standard deviation | 13.69% | 13.11% |
| Sharpe ratio | 0.18 | 0.55 |
| Sortino ratio | 0.25 | 0.75 |
| Maximum drawdown | −17.4% (28-02-2025) | −15.8% (07-04-2025) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.54% | +3.72% |
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 Nifty 100 ETF | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.69% | +13.15% |
| Standard deviation | 13.99% | 13.35% |
| Sharpe ratio | 0.06 | 0.55 |
| Sortino ratio | 0.09 | 0.74 |
| Maximum drawdown | −17.4% (28-02-2025) | −16.7% (20-06-2022) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.53% | +4.76% |
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 Nifty 100 ETF | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.23% | +14.52% |
| Standard deviation | 15.70% | 15.05% |
| Sharpe ratio | 0.46 | 0.56 |
| Sortino ratio | 0.63 | 0.76 |
| Maximum drawdown | −37.9% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | 0.99 | 0.93 |
| Alpha | −0.34% | +2.18% |
From daily NAVs, 21-08-2013 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 Nifty 100 ETF
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty 100 ETF | −37.9% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.9% |
| SBI ELSS Tax Saver Fund (Direct) | −38.2% | 23-01-2018 | 23-03-2020 | 17-11-2020 | 8 months | −10.8% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 21-08-2013, 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 Nifty 100 ETF
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 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 Nifty 100 ETF
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 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 Nifty 100 ETF
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty 100 ETF | 98% | 100% | 0.50% |
| SBI ELSS Tax Saver Fund (Direct) | 105% | 92% | 4.75% |
From month-end values since 21-08-2013. 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 Nifty 100 ETF vs SBI ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty 100 ETF, September 2026; SBI ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 45.2%
- Held by both
- 36
- Only in ICICI Prudential Nifty 100 ETF
- 64
- Only in SBI ELSS Tax Saver
- 53
| Security | % of ICICI Prudential Nifty 100 ETF | % of SBI ELSS Tax Saver |
|---|---|---|
| ICICI Bank Ltd. | 7.34% | 6.45% |
| HDFC Bank Ltd. | 8.41% | 5.92% |
| Reliance Industries Ltd. | 6.15% | 4.65% |
| Larsen & Toubro Ltd. | 3.41% | 2.84% |
| Kotak Mahindra Bank Ltd. | 2.38% | 6.76% |
| Bajaj Finance Ltd. | 2.03% | 2.65% |
| Axis Bank Ltd. | 2.73% | 1.80% |
| Bharti Airtel Ltd. | 4.14% | 1.79% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 1.65% |
| Maruti Suzuki India Ltd. | 1.20% | 1.20% |
| Hindalco Industries Ltd. | 1.06% | 1.44% |
| Mahindra & Mahindra Ltd. | 2.04% | 0.98% |
| Tata Consultancy Services Ltd. | 1.62% | 0.92% |
| Tata Steel Ltd. | 1.18% | 0.91% |
| Infosys Ltd. | 2.72% | 0.88% |
| Asian Paints Ltd. | 0.84% | 1.27% |
| Eicher Motors Ltd. | 0.76% | 1.04% |
| Adani Enterprises Ltd. | 0.76% | 2.93% |
| Tech Mahindra Ltd. | 0.75% | 1.92% |
| TML Commercial Vehicles Ltd. | 0.68% | 1.12% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.90% |
| Cipla Ltd. | 0.59% | 2.13% |
| Samvardhana Motherson International Ltd. | 0.56% | 1.09% |
| Cholamandalam Investment And Finance Company Ltd. | 0.54% | 1.40% |
| Cummins India Ltd. | 0.50% | 0.61% |
| Britannia Industries Ltd. | 0.44% | 1.19% |
| HDFC Life Insurance Company Ltd. | 0.43% | 1.77% |
| BSE Ltd. | 0.98% | 0.41% |
| GAIL (India) Ltd. | 0.36% | 0.40% |
| Adani Energy Solutions Ltd. | 0.33% | 0.99% |
| Bank Of Baroda | 0.33% | 0.57% |
| Bosch Ltd. | 0.32% | 0.87% |
| Godrej Consumer Products Ltd. | 0.26% | 0.57% |
| Muthoot Finance Ltd. | 0.23% | 1.15% |
| Solar Industries India Ltd. | 0.37% | 0.08% |
| Tata Capital Ltd. | 0.14% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.2% means 45.2% 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 Nifty 100 ETF
| Security | % of fund |
|---|---|
| State Bank Of India | 3.07% |
| ITC Ltd. | 1.96% |
| Eternal Ltd. | 1.80% |
| Titan Company Ltd. | 1.47% |
| Hindustan Unilever Ltd. | 1.29% |
Largest holdings only in SBI ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Torrent Power Ltd. | 2.33% |
| FSN E-Commerce Ventures Ltd. | 1.92% |
| AIA Engineering Ltd. | 1.39% |
| Grindwell Norton Ltd. | 1.25% |
| TVS Holdings Ltd. | 1.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty 100 ETF | SBI ELSS Tax Saver |
|---|---|---|
| Equity | 100.0% | 95.5% |
| Debt | 0.0% | 0.2% |
| Cash and others | 0.0% | 4.3% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty 100 ETF | SBI ELSS Tax Saver |
|---|---|---|
| Large Cap | 98.0% | 63.3% |
| Mid Cap | 2.0% | 16.9% |
| Small Cap | 0.0% | 15.2% |
| Not on AMFI's list | 0.0% | 0.1% |
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 Nifty 100 ETF | SBI ELSS Tax Saver |
|---|---|---|
| Banks | 25.1% | 23.4% |
| Finance | 6.2% | 8.6% |
| Petroleum Products | 7.0% | 4.7% |
| It - Software | 6.7% | 0.0% |
| Automobiles | 6.4% | 3.2% |
| Pharmaceuticals & Biotechnology | 4.3% | 5.4% |
| Telecom - Services | 4.4% | 2.7% |
| IT - Software | 0.0% | 4.1% |
| Auto Components | 0.9% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty 100 ETF vs SBI ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty 100 ETF | SBI ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.23% |
| Base expense ratio (Direct) | 0.00% | 0.82% |
| Total expense ratio (Regular) | Not available | 1.85% |
| Base expense ratio (Regular) | 0.41% | 1.35% |
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 Nifty 100 ETF vs SBI ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty 100 ETF and SBI ELSS Tax Saver Fund?
ICICI Prudential Nifty 100 ETF is an ETF fund, SBI ELSS Tax Saver Fund is an ELSS fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 45.2%. ICICI Prudential Nifty 100 ETF charges 0.50% a year and SBI ELSS Tax Saver Fund 1.23%.
Which has given higher returns, ICICI Prudential Nifty 100 ETF or SBI ELSS Tax Saver Fund?
Over 1 year: ICICI Prudential Nifty 100 ETF −9.17%, SBI ELSS Tax Saver Fund −8.94%. Over 3 years: ICICI Prudential Nifty 100 ETF +8.54% a year, SBI ELSS Tax Saver Fund +13.23% a year. Over 5 years: ICICI Prudential Nifty 100 ETF +6.69% a year, SBI ELSS Tax Saver Fund +13.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty 100 ETF or SBI ELSS Tax Saver Fund?
ICICI Prudential Nifty 100 ETF charges less: 0.50% a year against 1.23%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty 100 ETF and SBI ELSS Tax Saver Fund overlap?
45.2%. They hold 36 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, ICICI Prudential Nifty 100 ETF or SBI ELSS Tax Saver Fund?
On SEBI's riskometer, ICICI Prudential Nifty 100 ETF is rated Very High and SBI ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 13.69% and 13.11% a year.
Which is better for SIP, ICICI Prudential Nifty 100 ETF or SBI ELSS Tax Saver Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,01,218 in ICICI Prudential Nifty 100 ETF (XIRR 5.4% a year) and ₹8,05,884 in SBI ELSS Tax Saver Fund (XIRR 10.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty 100 ETF and SBI ELSS Tax Saver Fund?
Yes. 45.2% 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 Nifty 100 ETF and SBI ELSS Tax Saver Fund?
ICICI Prudential Nifty 100 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. SBI ELSS Tax Saver Fund: Dinesh Balachandran.
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.