ICICI Prudential Nifty Commodities ETF vs Tata BSE Select Business Groups Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Commodities ETF is an ETF fund and Tata BSE Select Business Groups Index Fund is an Index fund. In the year to 30-10-2026, ICICI Prudential Nifty Commodities ETF returned −4.8% and Tata BSE Select Business Groups Index Fund (Direct) returned −7.6%. ICICI Prudential Nifty Commodities ETF charges 0.35% a year and Tata BSE Select Business Groups Index Fund 0.39%. Their portfolios overlap 36.6%: they hold 13 of the same securities.
ICICI Prudential Nifty Commodities ETF
ETF
- 1 year return
- −4.8%
- Expense ratio
- 0.35%
- NAV
- ₹91.59
Tata BSE Select Business Groups Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.39%
- NAV
- ₹9.65
Which is better, ICICI Prudential Nifty Commodities ETF or Tata BSE Select Business Groups 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 Commodities ETF returned more over 1 year: −4.8% against −7.6%.
- ICICI Prudential Nifty Commodities ETF costs less: 0.35% a year against 0.39%.
- Tata BSE Select Business Groups Index fell less in its worst fall since 18-12-2024: −15.1% against −15.9%.
- Tata BSE Select Business Groups Index holds more in large companies: 96.0% of the fund in large caps against 85.4%.
- Tata BSE Select Business Groups Index is the larger fund: ₹213 Cr against ₹117 Cr.
- Their portfolios overlap 36.6%: 13 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 Commodities ETF | Tata BSE Select Business Groups Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Tata Mutual Fund |
| Category | ETF | Index |
| AUM | ₹117 Cr (30-09-2026) | ₹213 Cr (30-09-2026) |
| NAV | ₹91.59 | ₹9.65 (Direct) |
| Expense ratio (Direct) | Not available | 0.39% |
| Expense ratio (Regular) | Not available | 1.05% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Commodities TRI | BSE Select Business Groups Index TRI |
| Launch date | 15-12-2022 | 12-12-2024 |
| 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Nitin Sharma, Rakesh Prajapati |
| Exit load | Not available | 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
ICICI Prudential Nifty Commodities ETF vs Tata BSE Select Business Groups 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 Commodities ETF | −3.65% | −8.44% | −12.04% | −4.83% | +13.50% | -- | -- |
| Tata BSE Select Business Groups Index Fund (Direct) | +0.22% | −6.36% | −6.31% | −7.61% | -- | -- | -- |
ICICI Prudential Nifty Commodities ETF vs Tata BSE Select Business Groups Index: Year-wise Returns
| Year | ICICI Prudential Nifty Commodities ETFICICI Prudential Nifty Commodities ETF | Tata BSE Select Business Groups IndexTata BSE Select Business Groups Index |
|---|---|---|
| 2026to date | −5.16% | −9.14% |
| 2025 | +18.06% | +12.20% |
| 2024 | +5.78% | -- |
| 2023 | +30.09% | -- |
ICICI Prudential Nifty Commodities ETF vs Tata BSE Select Business Groups Index: Rolling Returns
Every holding period of both funds, against Nifty Commodities TRI, the benchmark of ICICI Prudential Nifty Commodities ETF
Rolling returns
Every 1-year holding period, 213 of them, one for each trading day from 18-12-2025 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 Commodities ETF
Tata BSE Select Business Groups Index Fund (Direct)
Nifty Commodities TRI
to
Jan 2026Mar 2025
to
Mar 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 Commodities ETF | 6.1 | 3.3 | 9.9 | 28.6 | 24.9 | 18.8 | 8.5 | 15.1% | 15.3% | −4.8% | 30.5% | 0% |
| Tata BSE Select Business Groups Index | 15.1 | 25.5 | 28.3 | 23.6 | 7.5 | 0.0 | 0.0 | 6.2% | 6.1% | −8.1% | 17.9% | 0% |
| Nifty Commodities TRI | 5.6 | 3.3 | 8.5 | 28.2 | 25.4 | 19.7 | 9.4 | 15.5% | 15.7% | −4.5% | 30.9% | -- |
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 Commodities 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 18-12-2024. Past returns do not promise future returns.
ICICI Prudential Nifty Commodities ETF vs Tata BSE Select Business Groups 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 Commodities ETFICICI Prudential Nifty Commodities ETF | ₹2,30,000 | ₹2,30,154 | ₹154 | 0.1% |
| Tata BSE Select Business Groups IndexTata BSE Select Business Groups Index Fund (Direct) | ₹2,30,000 | ₹2,25,650 | −₹4,350 | −1.9% |
ICICI Prudential Nifty Commodities ETFICICI Prudential Nifty Commodities ETF
Tata BSE Select Business Groups IndexTata BSE Select Business Groups 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 Commodities ETF vs Tata BSE Select Business Groups Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Commodities ETF | Tata BSE Select Business Groups Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.83% | −7.61% |
| Standard deviation | 16.39% | 16.32% |
| Sharpe ratio | -0.61 | -0.79 |
| Sortino ratio | -0.80 | -1.05 |
| Maximum drawdown | −15.9% (23-10-2026) | −15.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.36% | −0.34% |
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 Commodities ETF | Tata BSE Select Business Groups Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.45% | −0.76% |
| Standard deviation | 17.30% | 16.06% |
| Sharpe ratio | 0.30 | -0.39 |
| Sortino ratio | 0.41 | -0.54 |
| Maximum drawdown | −22.5% (13-01-2025) | −15.1% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.40% | −0.38% |
From daily NAVs, 16-12-2022 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 Commodities ETF
Tata BSE Select Business Groups Index Fund (Direct)
Nifty Commodities TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Commodities ETF | −15.9% | 27-05-2026 | 23-10-2026 | Not yet | -- | −14.2% |
| Tata BSE Select Business Groups Index Fund (Direct) | −15.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.7% |
| Nifty Commodities TRI | −15.7% | 27-05-2026 | 23-10-2026 | Not yet | -- | −14.1% |
From daily values since 18-12-2024, 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 Commodities ETF
Tata BSE Select Business Groups Index Fund (Direct)
Nifty Commodities TRI
Against Nifty Commodities TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty Commodities ETF | 99% | 101% | 0.11% |
| Tata BSE Select Business Groups Index Fund (Direct) | 77% | 96% | 9.05% |
From month-end values since 18-12-2024. 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 Commodities ETF vs Tata BSE Select Business Groups Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Commodities ETF, September 2026; Tata BSE Select Business Groups Index Fund, September 2026
Holdings in common
- Overlap
- 36.6%
- Held by both
- 13
- Only in ICICI Prudential Nifty Commodities ETF
- 17
- Only in Tata BSE Select Business Groups Index
- 17
| Security | % of ICICI Prudential Nifty Commodities ETF | % of Tata BSE Select Business Groups Index |
|---|---|---|
| Reliance Industries Ltd. | 9.91% | 22.55% |
| Hindalco Industries Ltd. | 6.57% | 3.89% |
| Ultratech Cement Ltd. | 6.25% | 3.72% |
| Tata Steel Ltd. | 7.37% | 3.46% |
| JSW Steel Ltd. | 5.82% | 3.44% |
| Grasim Industries Ltd. | 5.57% | 3.30% |
| Adani Power Ltd. | 4.09% | 2.48% |
| Tata Power Company Ltd. | 2.91% | 1.36% |
| Adani Green Energy Ltd. | 2.07% | 1.21% |
| Jindal Steel Ltd. | 2.03% | 1.19% |
| Adani Energy Solutions Ltd. | 2.07% | 1.15% |
| JSW Energy Ltd | 1.46% | 0.85% |
| Ambuja Cements Ltd. | 1.12% | 0.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.6% means 36.6% 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 Commodities ETF
| Security | % of fund |
|---|---|
| NTPC Ltd. | 7.39% |
| Coal India Ltd. | 4.91% |
| Oil & Natural Gas Corporation Ltd. | 4.23% |
| Vedanta Aluminium Metal Ltd. | 3.37% |
| Bharat Petroleum Corporation Ltd. | 2.93% |
Largest holdings only in Tata BSE Select Business Groups Index Fund
| Security | % of fund |
|---|---|
| LARSEN & TOUBRO LTD | 12.61% |
| MAHINDRA & MAHINDRA LTD | 7.58% |
| TATA CONSULTANCY SERVICES LTD | 4.73% |
| TITAN COMPANY LTD | 4.26% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 4.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Commodities ETF | Tata BSE Select Business Groups Index |
|---|---|---|
| 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 Commodities ETF | Tata BSE Select Business Groups Index |
|---|---|---|
| Large Cap | 85.4% | 96.0% |
| Mid Cap | 14.6% | 4.0% |
| 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 Commodities ETF | Tata BSE Select Business Groups Index |
|---|---|---|
| Petroleum Products | 16.9% | 22.6% |
| Power | 22.4% | 7.0% |
| Ferrous Metals | 15.2% | 8.8% |
| Cement & Cement Products | 14.4% | 7.7% |
| Construction | 0.0% | 12.6% |
| Non - Ferrous Metals | 9.9% | 3.9% |
| Automobiles | 0.0% | 8.9% |
| IT - Software | 0.0% | 8.6% |
| Oil | 5.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Commodities ETF vs Tata BSE Select Business Groups Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Commodities ETF | Tata BSE Select Business Groups Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.39% |
| Base expense ratio (Direct) | 0.00% | 0.25% |
| Total expense ratio (Regular) | Not available | 1.05% |
| Base expense ratio (Regular) | 0.26% | 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 Commodities ETF vs Tata BSE Select Business Groups Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Commodities ETF and Tata BSE Select Business Groups Index Fund?
ICICI Prudential Nifty Commodities ETF is an ETF fund, Tata BSE Select Business Groups Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Tata Mutual Fund. Their portfolios overlap 36.6%. ICICI Prudential Nifty Commodities ETF charges 0.35% a year and Tata BSE Select Business Groups Index Fund 0.39%.
Which has given higher returns, ICICI Prudential Nifty Commodities ETF or Tata BSE Select Business Groups Index Fund?
Over 1 year: ICICI Prudential Nifty Commodities ETF −4.83%, Tata BSE Select Business Groups Index Fund −7.61%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty Commodities ETF or Tata BSE Select Business Groups Index Fund?
ICICI Prudential Nifty Commodities ETF charges less: 0.35% a year against 0.39%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Commodities ETF and Tata BSE Select Business Groups Index Fund overlap?
36.6%. They hold 13 of the same securities, the largest shared ones being RELIANCE, HINDALCO, ULTRACEMCO. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Commodities ETF and Tata BSE Select Business Groups Index Fund?
Yes. 36.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Nifty Commodities ETF and Tata BSE Select Business Groups Index Fund?
ICICI Prudential Nifty Commodities ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja. Tata BSE Select Business Groups Index Fund: Nitin Sharma, Rakesh Prajapati.
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.