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    ICICI Prudential Nifty 500 Index Fund vs Unifi Dynamic Asset Allocation Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    ICICI Prudential Nifty 500 Index Fund is an Index fund and Unifi Dynamic Asset Allocation Fund is a Balanced Advantage fund. In the year to 30-10-2026, ICICI Prudential Nifty 500 Index Fund (Direct) returned −7.9% and Unifi Dynamic Asset Allocation Fund (Direct) returned 8.4%. ICICI Prudential Nifty 500 Index Fund charges 0.46% a year and Unifi Dynamic Asset Allocation Fund 1.40% (Direct plans). Their portfolios overlap 28.2%: they hold 103 of the same securities.

    ICICI Prudential Nifty 500 Index Fund

    Index

    1 year return
    −7.9%
    Expense ratio
    0.46%
    NAV
    ₹9.89
    See ICICI Prudential Nifty 500 Index Fund

    Unifi Dynamic Asset Allocation Fund

    Balanced Advantage

    1 year return
    8.4%
    Expense ratio
    1.40%
    NAV
    ₹11.39
    See Unifi Dynamic Asset Allocation Fund

    Which is better, ICICI Prudential Nifty 500 Index or Unifi Dynamic Asset Allocation? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Unifi Dynamic Asset Allocation returned more over 1 year: 8.4% against −7.9%.
    • ICICI Prudential Nifty 500 Index costs less: 0.46% a year against 1.40% (Direct plans).
    • Unifi Dynamic Asset Allocation fell less in its worst fall since 17-03-2025: −0.2% against −14.8%.
    • ICICI Prudential Nifty 500 Index holds more in large companies: 67.2% of the fund in large caps against 28.6%.
    • Unifi Dynamic Asset Allocation is the larger fund: ₹1,478 Cr against ₹102 Cr.
    • Their portfolios overlap 28.2%: 103 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

    FactICICI Prudential Nifty 500 Index FundUnifi Dynamic Asset Allocation Fund
    Fund houseICICI Prudential Mutual FundUnifi Mutual Fund
    CategoryIndexBalanced Advantage
    AUM₹102 Cr (30-09-2026)₹1,478 Cr (30-09-2026)
    NAV₹9.89 (Direct)₹11.39 (Direct)
    Expense ratio (Direct)0.46%1.40%
    Expense ratio (Regular)1.01%1.99%
    RiskometerNot availableModerately High
    BenchmarkNifty 500 TRICRISIL Hybrid 50+50 - Moderate Index
    Launch date20-12-202411-07-2025
    Minimum investment₹100Not available
    Lock inNoneNone
    Fund managersNishit Patel, Ashwini Bharucha, Venus AhujaSaravanan VN, Ramanathan P, Karthik Srinivas
    Exit loadNilExit Load for units in excess of 20% of the investment,1.5% will be charged for redemption within 12 months.

    ICICI Prudential Nifty 500 Index vs Unifi Dynamic Asset Allocation: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    ICICI Prudential Nifty 500 Index Fund (Direct)−0.78%−6.22%−3.14%−7.92%------
    Unifi Dynamic Asset Allocation Fund (Direct)+0.51%+1.98%+4.46%+8.40%------
    Balanced Advantage average−0.55%−2.88%+0.08%−2.08%------

    Category average: the average of the 38 Balanced Advantage funds, same plan type.

    ICICI Prudential Nifty 500 Index vs Unifi Dynamic Asset Allocation: Year-wise Returns

    YearICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 IndexUnifi Dynamic Asset AllocationUnifi Dynamic Asset Allocation
    2026to date−8.01%+6.90%
    2025+7.36%--

    ICICI Prudential Nifty 500 Index vs Unifi Dynamic Asset Allocation: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of ICICI Prudential Nifty 500 Index Fund

    Rolling returns

    Every 1-year holding period, 153 of them, one for each trading day from 17-03-2026 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.

    −10%−5%0%5%10%15%
    Apr 2025
    to
    Apr 2026    May 2025
    to
    May 2026    Jun 2025
    to
    Jun 2026    Jul 2025
    to
    Jul 2026    Sept 2025
    to
    Sept 2026    Oct 2025
    to
    Oct 2026
    ICICI Prudential Nifty 500 Index Fund (Direct)Unifi Dynamic Asset Allocation Fund (Direct)Nifty 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    ICICI Prudential Nifty 500 Index47.738.613.10.70.00.00.00.4%0.3%−9.5%10.0%0%
    Unifi Dynamic Asset Allocation0.00.0100.00.00.00.00.08.0%8.0%7.1%8.8%97%
    Nifty 500 TRI38.643.117.60.70.00.00.01.0%0.9%−9.0%10.8%--

    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 Nifty 500 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 17-03-2025. Past returns do not promise future returns.

    ICICI Prudential Nifty 500 Index vs Unifi Dynamic Asset Allocation: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    ICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 Index Fund (Direct) ₹2,00,000 ₹1,94,204 −₹5,796 −3.3%
    Unifi Dynamic Asset AllocationUnifi Dynamic Asset Allocation Fund (Direct) ₹2,00,000 ₹2,14,464 ₹14,464 8.3%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    2026
    ICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 Index Fund (Direct)Unifi Dynamic Asset AllocationUnifi Dynamic Asset Allocation 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 500 Index vs Unifi Dynamic Asset Allocation: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureICICI Prudential Nifty 500 Index Fund (Direct)Unifi Dynamic Asset Allocation Fund (Direct)
    Return (CAGR)−7.92%+8.40%
    Standard deviation14.31%0.91%
    Sharpe ratio-0.923.45
    Sortino ratio-1.226.05
    Maximum drawdown−14.8% (30-03-2026)−0.2% (15-09-2026)
    Beta1.00--
    Alpha−0.64%--

    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.

    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.

    −15%−10%−5%0%
    2026
    ICICI Prudential Nifty 500 Index Fund (Direct)Unifi Dynamic Asset Allocation Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential Nifty 500 Index Fund (Direct)−14.8%02-01-202630-03-2026Not yet--−8.9%
    Unifi Dynamic Asset Allocation Fund (Direct)−0.2%10-09-202615-09-202618-09-20263 days0.0%
    Nifty 500 TRI−14.7%02-01-202630-03-2026Not yet--−8.4%

    From daily values since 17-03-2025, 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.

    0%5%10%15%
    ICICI Prudential Nifty 500 Index Fund (Direct)Unifi Dynamic Asset Allocation Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    ICICI Prudential Nifty 500 Index Fund (Direct)98%101%0.15%
    Unifi Dynamic Asset Allocation Fund (Direct)26%-16%15.29%

    From month-end values since 17-03-2025. 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 500 Index vs Unifi Dynamic Asset Allocation: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential Nifty 500 Index Fund, September 2026; Unifi Dynamic Asset Allocation Fund, September 2026

    Holdings in common

    Overlap
    28.2%
    Held by both
    103
    Only in ICICI Prudential Nifty 500 Index
    396
    Only in Unifi Dynamic Asset Allocation
    40
    Security% of ICICI Prudential Nifty 500 Index% of Unifi Dynamic Asset Allocation
    HDFC Bank Ltd.5.66%3.22%
    State Bank Of India2.07%1.85%
    Axis Bank Ltd.1.84%1.73%
    Bajaj Finance Ltd.1.36%1.22%
    Bharti Airtel Ltd.2.79%1.19%
    ITC Ltd.1.32%1.14%
    Tata Consultancy Services Ltd.1.09%1.24%
    Reliance Industries Ltd.4.14%1.05%
    ICICI Bank Ltd.4.94%0.96%
    Tata Steel Ltd.0.80%1.02%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.2% means 28.2% 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 500 Index Fund

    Security% of fund
    Infosys Ltd.1.83%
    Eternal Ltd.1.21%
    Sun Pharmaceutical Industries Ltd.1.00%
    HCL Technologies Ltd.0.68%
    BSE Ltd.0.66%

    Largest holdings only in Unifi Dynamic Asset Allocation Fund

    Security% of fund
    9.45% Vedanta Limited 05-JUN-20284.11%
    9.75% Shrem Infra Invest Pvt Limited 15-MAY-20283.79%
    7.06% GOI - 10-Apr-20283.76%
    5.00% GMR Airports Limited 13-AUG-20283.26%
    JSW Kalinga Steel Limited 23-MAR-20292.82%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential Nifty 500 IndexUnifi Dynamic Asset Allocation
    Equity99.4%36.1%
    Debt0.0%52.0%
    Cash and others0.6%11.9%

    Market cap of stocks

    Market capICICI Prudential Nifty 500 IndexUnifi Dynamic Asset Allocation
    Large Cap67.2%28.6%
    Mid Cap20.8%3.6%
    Small Cap11.3%3.7%
    Not on AMFI's list0.1%0.2%

    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

    SectorICICI Prudential Nifty 500 IndexUnifi Dynamic Asset Allocation
    Banks19.4%10.1%
    Finance6.5%3.0%
    Pharmaceuticals & Biotechnology5.8%1.5%
    It - Software5.7%0.0%
    Petroleum Products5.0%1.1%
    Automobiles4.9%1.4%
    Telecom - Services3.5%1.7%
    Ferrous Metals2.0%1.8%
    Diversified FMCG0.0%1.9%
    Chemicals & Petrochemicals1.5%1.6%

    The six largest sectors of each fund's stocks, % of the fund.

    ICICI Prudential Nifty 500 Index vs Unifi Dynamic Asset Allocation: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeICICI Prudential Nifty 500 Index FundUnifi Dynamic Asset Allocation Fund
    Total expense ratio (Direct)0.46%1.40%
    Base expense ratio (Direct)0.25%0.79%
    Total expense ratio (Regular)1.01%1.99%
    Base expense ratio (Regular)0.72%1.29%

    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 500 Index Fund vs Unifi Dynamic Asset Allocation Fund: Frequently Asked Questions

    What is the difference between ICICI Prudential Nifty 500 Index Fund and Unifi Dynamic Asset Allocation Fund?

    ICICI Prudential Nifty 500 Index Fund is an Index fund, Unifi Dynamic Asset Allocation Fund is a Balanced Advantage fund, run by ICICI Prudential Mutual Fund and Unifi Mutual Fund. Their portfolios overlap 28.2%. ICICI Prudential Nifty 500 Index Fund charges 0.46% a year and Unifi Dynamic Asset Allocation Fund 1.40%.

    Which has given higher returns, ICICI Prudential Nifty 500 Index Fund or Unifi Dynamic Asset Allocation Fund?

    Over 1 year: ICICI Prudential Nifty 500 Index Fund −7.92%, Unifi Dynamic Asset Allocation Fund +8.40%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, ICICI Prudential Nifty 500 Index Fund or Unifi Dynamic Asset Allocation Fund?

    ICICI Prudential Nifty 500 Index Fund charges less: 0.46% a year against 1.40%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do ICICI Prudential Nifty 500 Index Fund and Unifi Dynamic Asset Allocation Fund overlap?

    28.2%. They hold 103 of the same securities, the largest shared ones being HDFCBANK, SBIN, AXISBANK. From each fund's latest monthly portfolio.

    Can I invest in both ICICI Prudential Nifty 500 Index Fund and Unifi Dynamic Asset Allocation Fund?

    Yes. 28.2% of each fund's money sits in the same holdings, so some of the two investments would move together.

    Who manages ICICI Prudential Nifty 500 Index Fund and Unifi Dynamic Asset Allocation Fund?

    ICICI Prudential Nifty 500 Index Fund: Nishit Patel, Ashwini Bharucha, Venus Ahuja. Unifi Dynamic Asset Allocation Fund: Saravanan VN, Ramanathan P, Karthik Srinivas.

    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.

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