ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty India Consumption ETF is an ETF fund and Nippon India Consumption Fund is a Thematic fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty India Consumption ETF returned 10.8% a year and Nippon India Consumption Fund (Direct) returned 8.5% a year. ICICI Prudential Nifty India Consumption ETF charges 0.22% a year and Nippon India Consumption Fund 0.91%. Their portfolios overlap 54.7%: they hold 19 of the same securities.
ICICI Prudential Nifty India Consumption ETF
ETF
- 3 year return
- 10.8%
- Expense ratio
- 0.22%
- NAV
- ₹115.07
Nippon India Consumption Fund
Thematic
- 3 year return
- 8.5%
- Expense ratio
- 0.91%
- NAV
- ₹204.46
Which is better, ICICI Prudential Nifty India Consumption ETF or Nippon India Consumption? 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 Consumption returned more over 5 years: 10.8% a year against 10.3%.
- ICICI Prudential Nifty India Consumption ETF returned more over 3 years: 10.8% a year against 8.5%.
- ICICI Prudential Nifty India Consumption ETF costs less: 0.22% a year against 0.91%.
- Nippon India Consumption swung less over 3 years: a standard deviation of 13.1% a year against 13.9%.
- ICICI Prudential Nifty India Consumption ETF fell less in its worst fall since 29-10-2021: −21.9% against −23.9%.
- ICICI Prudential Nifty India Consumption ETF holds more in large companies: 88.1% of the fund in large caps against 69.1%.
- Nippon India Consumption is the larger fund: ₹2,255 Cr against ₹52 Cr.
- Their portfolios overlap 54.7%: 19 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 India Consumption ETF | Nippon India Consumption Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹52 Cr (30-09-2026) | ₹2,255 Cr (30-09-2026) |
| NAV | ₹115.07 | ₹204.46 (Direct) |
| Expense ratio (Direct) | Not available | 0.91% |
| Expense ratio (Regular) | Not available | 2.20% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 28-10-2021 | 30-09-2004 |
| 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 | Kinjal Desai |
| 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. | Exit load of 1% if redeemed within 1 month. |
ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption: 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 India Consumption ETF | +0.15% | −8.15% | −2.37% | −10.78% | +10.75% | +10.32% | -- |
| Nippon India Consumption Fund (Direct) | −1.62% | −8.78% | −2.35% | −11.34% | +8.47% | +10.81% | +12.40% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption: Year-wise Returns
| Year | ICICI Prudential Nifty India Consumption ETFICICI Prudential Nifty India Consumption ETF | Nippon India ConsumptionNippon India Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −9.27% | −9.20% | −9.10% |
| 2025 | +8.98% | +4.47% | +9.22% |
| 2024 | +19.43% | +20.27% | +19.77% |
| 2023 | +27.65% | +28.29% | +27.96% |
| 2022 | +8.30% | +15.71% | +8.53% |
| 2021 | -- | +33.19% | +20.82% |
ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 495 of them, one for each trading day from 29-10-2024 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 India Consumption ETF
Nippon India Consumption Fund (Direct)
Nifty India Consumption TRI
to
Dec 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 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 India Consumption ETF | 0.0 | 0.0 | 2.6 | 23.4 | 66.9 | 7.1 | 0.0 | 16.4% | 16.9% | 8.8% | 22.6% | 1% |
| Nippon India Consumption | 0.0 | 0.0 | 6.7 | 23.7 | 42.2 | 27.4 | 0.0 | 17.0% | 17.4% | 7.0% | 25.0% | 47% |
| Nifty India Consumption TRI | 0.0 | 0.0 | 2.4 | 22.4 | 66.5 | 8.7 | 0.0 | 16.7% | 17.2% | 9.1% | 22.9% | -- |
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 India Consumption 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 29-10-2021. Past returns do not promise future returns.
ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption: 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 29-10-2021 to 30-10-2026: 61 instalments, ₹6,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty India Consumption ETFICICI Prudential Nifty India Consumption ETF | ₹6,10,000 | ₹7,47,935 | ₹1,37,935 | 8.0% |
| Nippon India ConsumptionNippon India Consumption Fund (Direct) | ₹6,10,000 | ₹7,36,365 | ₹1,26,365 | 7.4% |
ICICI Prudential Nifty India Consumption ETFICICI Prudential Nifty India Consumption ETF
Nippon India ConsumptionNippon India Consumption 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 India Consumption ETF vs Nippon India Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty India Consumption ETF | Nippon India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.78% | −11.34% |
| Standard deviation | 15.10% | 14.82% |
| Sharpe ratio | -1.06 | -1.12 |
| Sortino ratio | -1.39 | -1.47 |
| Maximum drawdown | −17.3% (31-03-2026) | −18.5% (31-03-2026) |
| Beta | 1.00 | 0.96 |
| Alpha | −0.21% | −1.39% |
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 India Consumption ETF | Nippon India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.75% | +8.47% |
| Standard deviation | 13.91% | 13.07% |
| Sharpe ratio | 0.34 | 0.19 |
| Sortino ratio | 0.48 | 0.26 |
| Maximum drawdown | −21.9% (04-03-2025) | −23.9% (31-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.27% | −2.05% |
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 India Consumption ETF | Nippon India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.32% | +10.81% |
| Standard deviation | 13.92% | 13.07% |
| Sharpe ratio | 0.32 | 0.38 |
| Sortino ratio | 0.46 | 0.53 |
| Maximum drawdown | −21.9% (04-03-2025) | −23.9% (31-03-2026) |
| Beta | 1.00 | 0.88 |
| Alpha | −0.26% | +0.80% |
From daily NAVs, 29-10-2021 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 India Consumption ETF | Nippon India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.31% | +12.59% |
| Standard deviation | 13.92% | 15.56% |
| Sharpe ratio | 0.32 | 0.42 |
| Sortino ratio | 0.45 | 0.58 |
| Maximum drawdown | −21.9% (04-03-2025) | −31.0% (23-03-2020) |
| Beta | 1.00 | 0.85 |
| Alpha | −0.26% | +0.59% |
From daily NAVs, 29-10-2021 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 India Consumption ETF
Nippon India Consumption Fund (Direct)
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty India Consumption ETF | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.8% |
| Nippon India Consumption Fund (Direct) | −23.9% | 26-09-2024 | 31-03-2026 | Not yet | -- | −17.2% |
| Nifty India Consumption TRI | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.4% |
From daily values since 29-10-2021, 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 India Consumption ETF
Nippon India Consumption Fund (Direct)
Nifty India Consumption 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 India Consumption ETF
Nippon India Consumption Fund (Direct)
Nifty India Consumption TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Nifty India Consumption ETF
Nippon India Consumption Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty India Consumption ETF | 99% | 100% | 0.05% |
| Nippon India Consumption Fund (Direct) | 96% | 91% | 5.24% |
From month-end values since 29-10-2021. 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 India Consumption ETF vs Nippon India Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty India Consumption ETF, September 2026; Nippon India Consumption Fund, September 2026
Holdings in common
- Overlap
- 54.7%
- Held by both
- 19
- Only in ICICI Prudential Nifty India Consumption ETF
- 11
- Only in Nippon India Consumption
- 26
| Security | % of ICICI Prudential Nifty India Consumption ETF | % of Nippon India Consumption |
|---|---|---|
| Mahindra & Mahindra Ltd. | 8.19% | 9.28% |
| Eternal Ltd. | 7.21% | 8.04% |
| Hindustan Unilever Ltd. | 5.18% | 6.52% |
| Bajaj Auto Ltd. | 3.69% | 4.34% |
| Asian Paints Ltd. | 3.37% | 3.43% |
| Interglobe Aviation Ltd. | 3.51% | 3.24% |
| TVS Motor Company Ltd. | 3.00% | 3.64% |
| Trent Ltd. | 2.71% | 3.60% |
| ITC Ltd. | 7.87% | 1.99% |
| Tata Consumer Products Ltd. | 1.92% | 2.73% |
| Avenue Supermarts Ltd. | 1.91% | 1.87% |
| Maruti Suzuki India Ltd. | 4.84% | 1.85% |
| Varun Beverages Ltd. | 1.84% | 3.50% |
| Bharti Airtel Ltd. | 10.14% | 1.79% |
| Titan Company Ltd. | 5.89% | 1.77% |
| Britannia Industries Ltd. | 1.77% | 3.33% |
| United Spirits Ltd. | 1.24% | 2.47% |
| Godrej Consumer Products Ltd. | 1.06% | 2.64% |
| Eicher Motors Ltd. | 3.07% | 1.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.7% means 54.7% 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 India Consumption ETF
| Security | % of fund |
|---|---|
| Nestle India Ltd. | 2.92% |
| Apollo Hospitals Enterprise Ltd. | 2.61% |
| Torrent Pharmaceuticals Ltd. | 2.20% |
| MAX Healthcare Institute Ltd | 2.15% |
| Hero Motocorp Ltd. | 2.11% |
Largest holdings only in Nippon India Consumption Fund
| Security | % of fund |
|---|---|
| FSN E-Commerce Ventures Limited | 2.91% |
| Bluestone Jewellery and Lifestyle Limited | 2.84% |
| Zydus Wellness Limited | 2.48% |
| United Breweries Limited | 2.15% |
| LG Electronics India Ltd | 2.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty India Consumption ETF | Nippon India Consumption |
|---|---|---|
| Equity | 100.0% | 99.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.5% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty India Consumption ETF | Nippon India Consumption |
|---|---|---|
| Large Cap | 88.1% | 69.1% |
| Mid Cap | 11.9% | 16.6% |
| Small Cap | 0.0% | 13.8% |
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 India Consumption ETF | Nippon India Consumption |
|---|---|---|
| Automobiles | 24.9% | 20.2% |
| Retailing | 13.3% | 17.6% |
| Diversified Fmcg | 13.1% | 0.0% |
| Consumer Durables | 11.0% | 12.3% |
| Telecom - Services | 10.1% | 1.8% |
| Diversified FMCG | 0.0% | 8.5% |
| Beverages | 3.1% | 8.4% |
| Food Products | 4.7% | 6.3% |
| Healthcare Services | 6.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty India Consumption ETF | Nippon India Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.91% |
| Base expense ratio (Direct) | 0.00% | 0.62% |
| Total expense ratio (Regular) | Not available | 2.20% |
| Base expense ratio (Regular) | 0.17% | 1.74% |
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
Compare Nippon India Consumption with
ICICI Prudential Nifty India Consumption ETF vs Nippon India Consumption Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty India Consumption ETF and Nippon India Consumption Fund?
ICICI Prudential Nifty India Consumption ETF is an ETF fund, Nippon India Consumption Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 54.7%. ICICI Prudential Nifty India Consumption ETF charges 0.22% a year and Nippon India Consumption Fund 0.91%.
Which has given higher returns, ICICI Prudential Nifty India Consumption ETF or Nippon India Consumption Fund?
Over 1 year: ICICI Prudential Nifty India Consumption ETF −10.78%, Nippon India Consumption Fund −11.34%. Over 3 years: ICICI Prudential Nifty India Consumption ETF +10.75% a year, Nippon India Consumption Fund +8.47% a year. Over 5 years: ICICI Prudential Nifty India Consumption ETF +10.32% a year, Nippon India Consumption Fund +10.81% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty India Consumption ETF or Nippon India Consumption Fund?
ICICI Prudential Nifty India Consumption ETF charges less: 0.22% a year against 0.91%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty India Consumption ETF and Nippon India Consumption Fund overlap?
54.7%. They hold 19 of the same securities, the largest shared ones being M&M, ETERNAL, HINDUNILVR. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Nifty India Consumption ETF or Nippon India Consumption Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 29-10-2021 to 30-10-2026 grew to ₹7,47,935 in ICICI Prudential Nifty India Consumption ETF (XIRR 8.0% a year) and ₹7,36,365 in Nippon India Consumption Fund (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty India Consumption ETF and Nippon India Consumption Fund?
Yes. 54.7% 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 India Consumption ETF and Nippon India Consumption Fund?
ICICI Prudential Nifty India Consumption ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja. Nippon India Consumption Fund: Kinjal Desai.
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.