ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF is an ETF fund and UTI Nifty Alpha Low-Volatility 30 Index Fund is an Index fund. In the year to 30-10-2026, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF returned −7.2% and UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) returned −7.4%. ICICI Prudential Nifty Alpha Low- Volatility 30 ETF charges 0.57% a year and UTI Nifty Alpha Low-Volatility 30 Index Fund 0.79%. Their portfolios overlap 99.7%: they hold 30 of the same securities.
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
ETF
- 1 year return
- −7.2%
- Expense ratio
- 0.57%
- NAV
- ₹25.84
UTI Nifty Alpha Low-Volatility 30 Index Fund
Index
- 1 year return
- −7.4%
- Expense ratio
- 0.79%
- NAV
- ₹9.12
Which is better, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF or UTI Nifty Alpha Low-Volatility 30 Index? 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 Alpha Low- Volatility 30 ETF returned more over 1 year: −7.2% against −7.4%.
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF costs less: 0.57% a year against 0.79%.
- UTI Nifty Alpha Low-Volatility 30 Index fell less in its worst fall since 03-12-2024: −16.6% against −16.8%.
- ICICI Prudential Nifty Alpha Low- Volatility 30 ETF is the larger fund: ₹1,470 Cr against ₹63 Cr.
- Their portfolios overlap 99.7%: 30 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 Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | UTI Mutual Fund |
| Category | ETF | Index |
| AUM | ₹1,470 Cr (30-09-2026) | ₹63 Cr (30-09-2026) |
| NAV | ₹25.84 | ₹9.12 (Direct) |
| Expense ratio (Direct) | Not available | 0.79% |
| Expense ratio (Regular) | Not available | 1.21% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Alpha Low -Volatility 30 TRI | Nifty Alpha Low -Volatility 30 TRI |
| Launch date | 12-08-2020 | 28-11-2024 |
| 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 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Nil There will be no exit load for units sold through the secondary market on the stock exchanges where the Scheme will be listed. | Nil |
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: 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 Alpha Low- Volatility 30 ETF | −1.07% | −8.66% | −2.50% | −7.22% | +8.92% | +8.35% | -- |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | −1.08% | −8.71% | −2.57% | −7.39% | -- | -- | -- |
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: Year-wise Returns
| Year | ICICI Prudential Nifty Alpha Low- Volatility 30 ETFICICI Prudential Nifty Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index | NIFTY Alpha Low-Volatility 30 TRI |
|---|---|---|---|
| 2026to date | −7.45% | −7.59% | −7.07% |
| 2025 | −0.25% | −0.23% | +0.33% |
| 2024 | +17.01% | -- | +17.83% |
| 2023 | +38.20% | -- | +39.00% |
| 2022 | −3.59% | -- | −3.09% |
| 2021 | +30.22% | -- | +30.92% |
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: Rolling Returns
Every holding period of both funds, against NIFTY Alpha Low-Volatility 30 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 224 of them, one for each trading day from 03-12-2025 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 Alpha Low- Volatility 30 ETF
UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct)
NIFTY Alpha Low-Volatility 30 TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 Alpha Low- Volatility 30 ETF | 52.2 | 33.0 | 10.7 | 4.0 | 0.0 | 0.0 | 0.0 | 0.5% | −0.2% | −10.1% | 14.0% | 0% |
| UTI Nifty Alpha Low-Volatility 30 Index | 52.0 | 33.2 | 10.8 | 4.0 | 0.0 | 0.0 | 0.0 | 0.4% | −0.2% | −10.3% | 14.0% | 0% |
| NIFTY Alpha Low-Volatility 30 TRI | 45.5 | 38.4 | 10.7 | 5.4 | 0.0 | 0.0 | 0.0 | 1.1% | 0.4% | −9.6% | 14.7% | -- |
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 Alpha Low-Volatility 30 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 03-12-2024. Past returns do not promise future returns.
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETFICICI Prudential Nifty Alpha Low- Volatility 30 ETF | ₹2,30,000 | ₹2,20,029 | −₹9,971 | −4.4% |
| UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | ₹2,30,000 | ₹2,19,661 | −₹10,339 | −4.6% |
ICICI Prudential Nifty Alpha Low- Volatility 30 ETFICICI Prudential Nifty Alpha Low- Volatility 30 ETF
UTI Nifty Alpha Low-Volatility 30 IndexUTI Nifty Alpha Low-Volatility 30 Index 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 Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.22% | −7.39% |
| Standard deviation | 13.45% | 13.31% |
| Sharpe ratio | -0.93 | -0.95 |
| Sortino ratio | -1.22 | -1.25 |
| Maximum drawdown | −13.4% (31-03-2026) | −13.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.56% | −0.73% |
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 Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.48% | −5.86% |
| Standard deviation | 13.41% | 12.73% |
| Sharpe ratio | 0.61 | -0.90 |
| Sortino ratio | 0.84 | -1.20 |
| Maximum drawdown | −25.0% (28-02-2025) | −16.6% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.64% | −0.59% |
From daily NAVs, 13-08-2020 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 Alpha Low- Volatility 30 ETF
UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct)
NIFTY Alpha Low-Volatility 30 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | −16.8% | 06-12-2024 | 28-02-2025 | Not yet | -- | −11.6% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | −16.6% | 06-12-2024 | 28-02-2025 | Not yet | -- | −11.5% |
| NIFTY Alpha Low-Volatility 30 TRI | −16.5% | 06-12-2024 | 28-02-2025 | Not yet | -- | −10.4% |
From daily values since 03-12-2024, 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 Alpha Low- Volatility 30 ETF
UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct)
NIFTY Alpha Low-Volatility 30 TRI
Against NIFTY Alpha Low-Volatility 30 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | 98% | 101% | 0.14% |
| UTI Nifty Alpha Low-Volatility 30 Index Fund (Direct) | 98% | 101% | 0.13% |
From month-end values since 03-12-2024. 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 Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Alpha Low- Volatility 30 ETF, September 2026; UTI Nifty Alpha Low-Volatility 30 Index Fund, September 2026
Holdings in common
- Overlap
- 99.7%
- Held by both
- 30
- Only in ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
- 0
- Only in UTI Nifty Alpha Low-Volatility 30 Index
- 0
| Security | % of ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | % of UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Torrent Pharmaceuticals Ltd. | 4.73% | 4.72% |
| NTPC Ltd. | 4.11% | 4.10% |
| Bajaj Auto Ltd. | 4.01% | 4.00% |
| Marico Ltd. | 3.99% | 3.97% |
| Apollo Hospitals Enterprise Ltd. | 3.93% | 3.91% |
| Hindalco Industries Ltd. | 3.81% | 3.79% |
| ICICI Bank Ltd. | 3.78% | 3.76% |
| Nestle India Ltd. | 3.72% | 3.71% |
| JSW Steel Ltd. | 3.62% | 3.61% |
| Grasim Industries Ltd. | 3.61% | 3.60% |
| Sun Pharmaceutical Industries Ltd. | 3.61% | 3.59% |
| The Federal Bank Ltd. | 3.54% | 3.53% |
| SBI Life Insurance Company Ltd. | 3.53% | 3.52% |
| Cummins India Ltd. | 3.49% | 3.48% |
| Bharti Airtel Ltd. | 3.33% | 3.32% |
| Titan Company Ltd. | 3.26% | 3.25% |
| Lupin Ltd. | 3.24% | 3.23% |
| TVS Motor Company Ltd. | 3.23% | 3.22% |
| State Bank Of India | 3.15% | 3.13% |
| Pidilite Industries Ltd. | 3.06% | 3.05% |
| Coal India Ltd. | 3.05% | 3.04% |
| Eicher Motors Ltd. | 3.03% | 3.02% |
| Britannia Industries Ltd. | 2.91% | 2.90% |
| Reliance Industries Ltd. | 2.82% | 2.81% |
| Zydus Lifesciences Ltd. | 2.79% | 2.78% |
| Ultratech Cement Ltd. | 2.75% | 2.74% |
| Asian Paints Ltd. | 2.72% | 2.71% |
| Maruti Suzuki India Ltd. | 2.51% | 2.50% |
| Tata Consumer Products Ltd. | 2.49% | 2.48% |
| Max Financial Services Ltd. | 2.19% | 2.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.7% means 99.7% 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 Alpha Low- Volatility 30 ETF
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty Alpha Low-Volatility 30 Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Equity | 100.0% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.3% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Large Cap | 84.3% | 84.0% |
| Mid Cap | 15.7% | 15.7% |
| Small Cap | 0.0% | 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 Nifty Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 14.4% | 14.3% |
| Automobiles | 12.8% | 12.7% |
| Banks | 10.5% | 10.4% |
| Food Products | 6.6% | 6.6% |
| Agricultural Food & Other Products | 6.5% | 0.0% |
| Agricultural Food & other Products | 0.0% | 6.5% |
| Cement & Cement Products | 6.4% | 6.3% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Alpha Low- Volatility 30 ETF | UTI Nifty Alpha Low-Volatility 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.79% |
| Base expense ratio (Direct) | 0.00% | 0.51% |
| Total expense ratio (Regular) | Not available | 1.21% |
| Base expense ratio (Regular) | 0.36% | 0.90% |
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 Alpha Low- Volatility 30 ETF vs UTI Nifty Alpha Low-Volatility 30 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Alpha Low- Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund?
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF is an ETF fund, UTI Nifty Alpha Low-Volatility 30 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and UTI Mutual Fund. Their portfolios overlap 99.7%. ICICI Prudential Nifty Alpha Low- Volatility 30 ETF charges 0.57% a year and UTI Nifty Alpha Low-Volatility 30 Index Fund 0.79%.
Which has given higher returns, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF or UTI Nifty Alpha Low-Volatility 30 Index Fund?
Over 1 year: ICICI Prudential Nifty Alpha Low- Volatility 30 ETF −7.22%, UTI Nifty Alpha Low-Volatility 30 Index Fund −7.39%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty Alpha Low- Volatility 30 ETF or UTI Nifty Alpha Low-Volatility 30 Index Fund?
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF charges less: 0.57% a year against 0.79%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Alpha Low- Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund overlap?
99.7%. They hold 30 of the same securities, the largest shared ones being TORNTPHARM, NTPC, BAJAJ-AUTO. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Alpha Low- Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund?
Yes. 99.7% 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 Alpha Low- Volatility 30 ETF and UTI Nifty Alpha Low-Volatility 30 Index Fund?
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. UTI Nifty Alpha Low-Volatility 30 Index 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.