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    ICICI Prudential Nifty 500 Index Fund vs UTI Nifty 500 Exchange Traded Fund

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    ICICI Prudential Nifty 500 Index Fund is an Index fund and UTI Nifty 500 Exchange Traded Fund is an Index fund. ICICI Prudential Nifty 500 Index Fund charges 0.46% a year and UTI Nifty 500 Exchange Traded Fund 1.30%. Their portfolios overlap 99.0%: they hold 498 of the same securities.

    ICICI Prudential Nifty 500 Index Fund

    Index

    Expense ratio
    0.46%
    NAV
    ₹9.89
    See ICICI Prudential Nifty 500 Index Fund

    UTI Nifty 500 Exchange Traded Fund

    Index

    Expense ratio
    1.30%
    NAV
    ₹35.24
    See UTI Nifty 500 Exchange Traded Fund

    Which is better, ICICI Prudential Nifty 500 Index or UTI Nifty 500 Exchange Traded? Key differences

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

    • ICICI Prudential Nifty 500 Index costs less: 0.46% a year against 1.30%.
    • UTI Nifty 500 Exchange Traded fell less in its worst fall since 27-08-2026: −8.9% against −9.0%.
    • ICICI Prudential Nifty 500 Index is the larger fund: ₹102 Cr against ₹7 Cr.
    • Their portfolios overlap 99.0%: 498 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 FundUTI Nifty 500 Exchange Traded Fund
    Fund houseICICI Prudential Mutual FundUTI Mutual Fund
    CategoryIndexIndex
    AUM₹102 Cr (30-09-2026)₹7 Cr (30-09-2026)
    NAV₹9.89 (Direct)₹35.24
    Expense ratio (Direct)0.46%Not available
    Expense ratio (Regular)1.01%Not available
    RiskometerNot availableVery High
    BenchmarkNifty 500 TRINifty 500 TRI
    Launch date20-12-202425-08-2026
    Minimum investment₹100₹5,000
    Lock inNoneNone
    Fund managersNishit Patel, Ashwini Bharucha, Venus AhujaSharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3
    Exit loadNilNil

    ICICI Prudential Nifty 500 Index vs UTI Nifty 500 Exchange Traded: 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%------
    UTI Nifty 500 Exchange Traded Fund−0.77%------------

    ICICI Prudential Nifty 500 Index vs UTI Nifty 500 Exchange Traded: Year-wise Returns

    YearICICI Prudential Nifty 500 IndexICICI Prudential Nifty 500 IndexUTI Nifty 500 Exchange TradedUTI Nifty 500 Exchange TradedNifty 500 TRI
    2026to date−8.01%--−7.51%
    2025+7.36%--+7.76%

    ICICI Prudential Nifty 500 Index vs UTI Nifty 500 Exchange Traded: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of both

    ICICI Prudential Nifty 500 Index vs UTI Nifty 500 Exchange Traded: 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)UTI Nifty 500 Exchange Traded Fund
    Return (CAGR)−0.76%−32.67%
    Standard deviation13.99%12.77%
    Sharpe ratio-0.45-2.97
    Sortino ratio-0.62-3.43
    Maximum drawdown−14.8% (30-03-2026)−8.9% (23-10-2026)
    Beta0.991.00
    Alpha−0.56%−0.09%

    From daily NAVs, 23-12-2024 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.

    −10%−8%−6%−4%−2%0%
    ICICI Prudential Nifty 500 Index Fund (Direct)UTI Nifty 500 Exchange Traded FundNifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential Nifty 500 Index Fund (Direct)−9.0%28-08-202623-10-2026Not yet--−7.0%
    UTI Nifty 500 Exchange Traded Fund−8.9%28-08-202623-10-2026Not yet--−6.9%
    Nifty 500 TRI−8.9%28-08-202623-10-2026Not yet--−6.9%

    From daily values since 27-08-2026, the first day every fund has.

    ICICI Prudential Nifty 500 Index vs UTI Nifty 500 Exchange Traded: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential Nifty 500 Index Fund, September 2026; UTI Nifty 500 Exchange Traded Fund, September 2026

    Holdings in common

    Overlap
    99.0%
    Held by both
    498
    Only in ICICI Prudential Nifty 500 Index
    1
    Only in UTI Nifty 500 Exchange Traded
    1
    Security% of ICICI Prudential Nifty 500 Index% of UTI Nifty 500 Exchange Traded
    HDFC Bank Ltd.5.66%5.65%
    ICICI Bank Ltd.4.94%4.93%
    Reliance Industries Ltd.4.14%4.13%
    Bharti Airtel Ltd.2.79%2.78%
    Larsen & Toubro Ltd.2.29%2.29%
    State Bank Of India2.07%2.06%
    Axis Bank Ltd.1.84%1.83%
    Infosys Ltd.1.83%1.83%
    Kotak Mahindra Bank Ltd.1.60%1.60%
    Mahindra & Mahindra Ltd.1.37%1.37%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.0% means 99.0% 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 Nifty 500 Index Fund

    Security% of fund
    HEG GRAPHITE LIMITED0.02%

    Largest holdings only in UTI Nifty 500 Exchange Traded Fund

    Security% of fund
    EQ - MTAR TECHNOLOGIES LTD0.09%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential Nifty 500 IndexUTI Nifty 500 Exchange Traded
    Equity99.4%99.6%
    Debt0.0%0.0%
    Cash and others0.6%0.4%

    Market cap of stocks

    Market capICICI Prudential Nifty 500 IndexUTI Nifty 500 Exchange Traded
    Large Cap67.2%67.1%
    Mid Cap20.8%20.9%
    Small Cap11.3%11.6%
    Not on AMFI's list0.1%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

    SectorICICI Prudential Nifty 500 IndexUTI Nifty 500 Exchange Traded
    Banks19.4%19.3%
    Finance6.5%6.5%
    Pharmaceuticals & Biotechnology5.8%5.7%
    It - Software5.7%0.0%
    IT - Software0.0%5.6%
    Petroleum Products5.0%5.0%
    Automobiles4.9%4.9%

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

    ICICI Prudential Nifty 500 Index vs UTI Nifty 500 Exchange Traded: Expense Ratio

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

    ChargeICICI Prudential Nifty 500 Index FundUTI Nifty 500 Exchange Traded Fund
    Total expense ratio (Direct)0.46%Not available
    Base expense ratio (Direct)0.25%0.00%
    Total expense ratio (Regular)1.01%Not available
    Base expense ratio (Regular)0.72%0.13%

    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.

    ICICI Prudential Nifty 500 Index Fund vs UTI Nifty 500 Exchange Traded Fund: Frequently Asked Questions

    What is the difference between ICICI Prudential Nifty 500 Index Fund and UTI Nifty 500 Exchange Traded Fund?

    ICICI Prudential Nifty 500 Index Fund is an Index fund, UTI Nifty 500 Exchange Traded Fund is an Index fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.0%. ICICI Prudential Nifty 500 Index Fund charges 0.46% a year and UTI Nifty 500 Exchange Traded Fund 1.30%.

    Which has the lower expense ratio, ICICI Prudential Nifty 500 Index Fund or UTI Nifty 500 Exchange Traded Fund?

    ICICI Prudential Nifty 500 Index Fund charges less: 0.46% a year against 1.30%. These are the total expense ratios reported to AMFI.

    How much do ICICI Prudential Nifty 500 Index Fund and UTI Nifty 500 Exchange Traded Fund overlap?

    99.0%. They hold 498 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

    Can I invest in both ICICI Prudential Nifty 500 Index Fund and UTI Nifty 500 Exchange Traded Fund?

    Yes. 99.0% 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 500 Index Fund and UTI Nifty 500 Exchange Traded Fund?

    ICICI Prudential Nifty 500 Index Fund: Nishit Patel, Ashwini Bharucha, Venus Ahuja. UTI Nifty 500 Exchange Traded Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.

    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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