ICICI Prudential Nifty Auto Index Fund vs Nippon India Nifty Auto ETF
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Auto Index Fund is an Index fund and Nippon India Nifty Auto ETF is a mutual fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty Auto Index Fund (Direct) returned 17.1% a year and Nippon India Nifty Auto ETF (Direct) returned 17.4% a year. ICICI Prudential Nifty Auto Index Fund charges 0.36% a year and Nippon India Nifty Auto ETF 0.24% (Direct plans). Their portfolios overlap 99.9%: they hold 15 of the same securities.
ICICI Prudential Nifty Auto Index Fund
Index
- 3 year return
- 17.1%
- Expense ratio
- 0.36%
- NAV
- ₹20.56
Nippon India Nifty Auto ETF
- 3 year return
- 17.4%
- Expense ratio
- 0.24%
- NAV
- ₹263.08
Which is better, ICICI Prudential Nifty Auto Index or Nippon India Nifty Auto ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Nifty Auto ETF returned more over 3 years: 17.4% a year against 17.1%.
- Nippon India Nifty Auto ETF returned more over 1 year: −4.5% against −4.6%.
- Nippon India Nifty Auto ETF costs less: 0.24% a year against 0.36% (Direct plans).
- ICICI Prudential Nifty Auto Index swung less over 3 years: a standard deviation of 19.2% a year against 19.3%.
- Nippon India Nifty Auto ETF fell less in its worst fall since 12-10-2022: −28.3% against −28.3%.
- Nippon India Nifty Auto ETF is the larger fund: ₹452 Cr against ₹234 Cr.
- Their portfolios overlap 99.9%: 15 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 Auto Index Fund | Nippon India Nifty Auto ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹234 Cr (30-09-2026) | ₹452 Cr (30-09-2026) |
| NAV | ₹20.56 (Direct) | ₹263.08 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.24% |
| Expense ratio (Regular) | 0.96% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Auto TRI | Not available |
| Launch date | 11-10-2022 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Not available |
| Exit load | Nil | Not available |
ICICI Prudential Nifty Auto Index vs Nippon India Nifty Auto 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 Nifty Auto Index Fund (Direct) | −3.33% | −9.96% | −1.23% | −4.56% | +17.10% | -- | -- |
| Nippon India Nifty Auto ETF (Direct) | −3.33% | −9.93% | −1.20% | −4.52% | +17.37% | -- | -- |
ICICI Prudential Nifty Auto Index vs Nippon India Nifty Auto ETF: Year-wise Returns
| Year | ICICI Prudential Nifty Auto IndexICICI Prudential Nifty Auto Index | Nippon India Nifty Auto ETFNippon India Nifty Auto ETF | Nifty Auto TRI |
|---|---|---|---|
| 2026to date | −9.09% | −9.06% | −8.88% |
| 2025 | +23.92% | +24.19% | +24.59% |
| 2024 | +22.82% | +23.26% | +23.58% |
| 2023 | +47.65% | +48.38% | +48.75% |
ICICI Prudential Nifty Auto Index vs Nippon India Nifty Auto ETF: Rolling Returns
Every holding period of both funds, against Nifty Auto TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 257 of them, one for each trading day from 13-10-2025 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 Auto Index Fund (Direct)
Nippon India Nifty Auto ETF (Direct)
Nifty Auto TRI
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 Auto Index | 0.0 | 0.0 | 0.0 | 0.0 | 12.5 | 32.7 | 54.9 | 25.0% | 25.6% | 15.3% | 32.0% | 0% |
| Nippon India Nifty Auto ETF | 0.0 | 0.0 | 0.0 | 0.0 | 12.0 | 32.2 | 55.8 | 25.4% | 26.0% | 15.6% | 32.5% | 0% |
| Nifty Auto TRI | 0.0 | 0.0 | 0.0 | 0.0 | 12.1 | 29.6 | 58.4 | 25.7% | 26.4% | 15.9% | 32.9% | -- |
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 Auto 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 12-10-2022. Past returns do not promise future returns.
ICICI Prudential Nifty Auto Index vs Nippon India Nifty Auto ETF: 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 12-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty Auto IndexICICI Prudential Nifty Auto Index Fund (Direct) | ₹4,90,000 | ₹6,33,714 | ₹1,43,714 | 12.6% |
| Nippon India Nifty Auto ETFNippon India Nifty Auto ETF (Direct) | ₹4,90,000 | ₹6,37,365 | ₹1,47,365 | 12.9% |
ICICI Prudential Nifty Auto IndexICICI Prudential Nifty Auto Index Fund (Direct)
Nippon India Nifty Auto ETFNippon India Nifty Auto ETF (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 Auto Index vs Nippon India Nifty Auto ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Auto Index Fund (Direct) | Nippon India Nifty Auto ETF (Direct) |
|---|---|---|
| Return (CAGR) | −4.56% | −4.52% |
| Standard deviation | 21.05% | 21.28% |
| Sharpe ratio | -0.47 | -0.46 |
| Sortino ratio | -0.64 | -0.63 |
| Maximum drawdown | −17.7% (31-03-2026) | −17.7% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.34% | −0.29% |
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 Auto Index Fund (Direct) | Nippon India Nifty Auto ETF (Direct) |
|---|---|---|
| Return (CAGR) | +17.10% | +17.37% |
| Standard deviation | 19.23% | 19.31% |
| Sharpe ratio | 0.58 | 0.59 |
| Sortino ratio | 0.82 | 0.84 |
| Maximum drawdown | −28.3% (07-04-2025) | −28.3% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.57% | −0.31% |
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 Auto Index Fund (Direct) | Nippon India Nifty Auto ETF (Direct) |
|---|---|---|
| Return (CAGR) | +19.27% | +19.48% |
| Standard deviation | 17.80% | 18.92% |
| Sharpe ratio | 0.74 | 0.72 |
| Sortino ratio | 1.06 | 1.03 |
| Maximum drawdown | −28.3% (07-04-2025) | −28.3% (07-04-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.66% | −0.27% |
From daily NAVs, 12-10-2022 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 Auto Index Fund (Direct)
Nippon India Nifty Auto ETF (Direct)
Nifty Auto TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Auto Index Fund (Direct) | −28.3% | 27-09-2024 | 07-04-2025 | 20-11-2025 | 7 months | −14.3% |
| Nippon India Nifty Auto ETF (Direct) | −28.3% | 27-09-2024 | 07-04-2025 | 12-11-2025 | 7 months | −14.3% |
| Nifty Auto TRI | −28.2% | 27-09-2024 | 07-04-2025 | 12-11-2025 | 7 months | −14.3% |
From daily values since 12-10-2022, 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 Auto Index Fund (Direct)
Nippon India Nifty Auto ETF (Direct)
Nifty Auto 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 Auto Index Fund (Direct)
Nippon India Nifty Auto ETF (Direct)
Nifty Auto TRI
Against Nifty Auto TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty Auto Index Fund (Direct) | 99% | 100% | 0.20% |
| Nippon India Nifty Auto ETF (Direct) | 99% | 100% | 0.05% |
From month-end values since 12-10-2022. 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 Auto Index vs Nippon India Nifty Auto ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Auto Index Fund, September 2026; Nippon India Nifty Auto ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 15
- Only in ICICI Prudential Nifty Auto Index
- 0
- Only in Nippon India Nifty Auto ETF
- 0
| Security | % of ICICI Prudential Nifty Auto Index | % of Nippon India Nifty Auto ETF |
|---|---|---|
| Mahindra & Mahindra Ltd. | 22.26% | 22.26% |
| Maruti Suzuki India Ltd. | 13.14% | 13.14% |
| Bajaj Auto Ltd. | 10.02% | 10.02% |
| Eicher Motors Ltd. | 8.33% | 8.33% |
| TVS Motor Company Ltd. | 8.14% | 8.14% |
| Samvardhana Motherson International Ltd. | 6.09% | 6.09% |
| Hero Motocorp Ltd. | 5.75% | 5.75% |
| Tata Motors Passenger Vehicles Ltd. | 5.01% | 5.00% |
| Bharat Forge Ltd. | 4.52% | 4.52% |
| Ashok Leyland Ltd. | 3.73% | 3.73% |
| Bosch Ltd. | 3.45% | 3.45% |
| Sona Blw Precision Forgings Ltd. | 3.15% | 3.15% |
| Hyundai Motor India Ltd. | 2.44% | 2.44% |
| Tube Investments of India Ltd. | 2.14% | 2.14% |
| UNO Minda Ltd. | 1.80% | 1.80% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Auto Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Nippon India Nifty Auto ETF
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 Auto Index | Nippon India Nifty Auto ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Auto Index | Nippon India Nifty Auto ETF |
|---|---|---|
| Large Cap | 75.4% | 75.4% |
| Mid Cap | 24.5% | 24.5% |
| 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 Auto Index | Nippon India Nifty Auto ETF |
|---|---|---|
| Automobiles | 75.1% | 75.1% |
| Auto Components | 21.1% | 21.1% |
| Agricultural, Commercial & Construction Vehicles | 3.7% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Auto Index vs Nippon India Nifty Auto ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Auto Index Fund | Nippon India Nifty Auto ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.24% |
| Base expense ratio (Direct) | 0.25% | 0.19% |
| Total expense ratio (Regular) | 0.96% | Not available |
| Base expense ratio (Regular) | 0.76% | 0.00% |
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 Auto Index Fund vs Nippon India Nifty Auto ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Auto Index Fund and Nippon India Nifty Auto ETF?
ICICI Prudential Nifty Auto Index Fund is an Index fund, Nippon India Nifty Auto ETF is a mutual fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 99.9%. ICICI Prudential Nifty Auto Index Fund charges 0.36% a year and Nippon India Nifty Auto ETF 0.24%.
Which has given higher returns, ICICI Prudential Nifty Auto Index Fund or Nippon India Nifty Auto ETF?
Over 1 year: ICICI Prudential Nifty Auto Index Fund −4.56%, Nippon India Nifty Auto ETF −4.52%. Over 3 years: ICICI Prudential Nifty Auto Index Fund +17.10% a year, Nippon India Nifty Auto ETF +17.37% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty Auto Index Fund or Nippon India Nifty Auto ETF?
Nippon India Nifty Auto ETF charges less: 0.24% a year against 0.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Auto Index Fund and Nippon India Nifty Auto ETF overlap?
99.9%. They hold 15 of the same securities, the largest shared ones being M&M, MARUTI, BAJAJ-AUTO. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Nifty Auto Index Fund or Nippon India Nifty Auto ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,06,569 in ICICI Prudential Nifty Auto Index Fund (XIRR 6.1% a year) and ₹4,07,824 in Nippon India Nifty Auto ETF (XIRR 6.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty Auto Index Fund and Nippon India Nifty Auto ETF?
Yes. 99.9% 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.