ICICI Prudential Nifty IT Index Fund vs Nippon India ETF Nifty IT
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty IT Index Fund is an Index fund and Nippon India ETF Nifty IT is a mutual fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty IT Index Fund (Direct) returned 3.8% a year and Nippon India ETF Nifty IT (Direct) returned 4.0% a year. ICICI Prudential Nifty IT Index Fund charges 0.40% a year and Nippon India ETF Nifty IT 0.28% (Direct plans). Their portfolios overlap 99.9%: they hold 10 of the same securities.
ICICI Prudential Nifty IT Index Fund
Index
- 3 year return
- 3.8%
- Expense ratio
- 0.40%
- NAV
- ₹11.62
Which is better, ICICI Prudential Nifty IT Index or Nippon India ETF Nifty IT? 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 ETF Nifty IT returned more over 3 years: 4.0% a year against 3.8%.
- Nippon India ETF Nifty IT returned more over 1 year: −7.8% against −7.9%.
- Nippon India ETF Nifty IT costs less: 0.28% a year against 0.40% (Direct plans).
- ICICI Prudential Nifty IT Index swung less over 3 years: a standard deviation of 22.5% a year against 22.5%.
- Nippon India ETF Nifty IT fell less in its worst fall since 19-08-2022: −42.2% against −42.2%.
- Nippon India ETF Nifty IT is the larger fund: ₹3,425 Cr against ₹423 Cr.
- Their portfolios overlap 99.9%: 10 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 IT Index Fund | Nippon India ETF Nifty IT |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹423 Cr (30-09-2026) | ₹3,425 Cr (30-09-2026) |
| NAV | ₹11.62 (Direct) | ₹36.35 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.28% |
| Expense ratio (Regular) | 0.96% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty IT TRI | Not available |
| Launch date | 18-08-2022 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja | Not available |
| Exit load | Nil | Not available |
ICICI Prudential Nifty IT Index vs Nippon India ETF Nifty IT: 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 IT Index Fund (Direct) | +18.02% | +4.80% | +11.98% | −7.87% | +3.80% | -- | -- |
| Nippon India ETF Nifty IT (Direct) | +18.03% | +4.82% | +12.01% | −7.81% | +3.95% | +0.68% | -- |
ICICI Prudential Nifty IT Index vs Nippon India ETF Nifty IT: Year-wise Returns
| Year | ICICI Prudential Nifty IT IndexICICI Prudential Nifty IT Index | Nippon India ETF Nifty ITNippon India ETF Nifty IT | Nifty IT TRI |
|---|---|---|---|
| 2026to date | −12.68% | −12.64% | −12.48% |
| 2025 | −10.70% | −10.65% | −10.44% |
| 2024 | +23.73% | +24.06% | +24.42% |
| 2023 | +25.71% | +26.02% | +26.30% |
| 2022 | -- | −24.68% | −24.46% |
| 2021 | -- | +61.89% | +62.35% |
ICICI Prudential Nifty IT Index vs Nippon India ETF Nifty IT: Rolling Returns
Every holding period of both funds, against Nifty IT TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 294 of them, one for each trading day from 19-08-2025 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 IT Index Fund (Direct)
Nippon India ETF Nifty IT (Direct)
Nifty IT TRI
to
Sept 2025Dec 2022
to
Dec 2025Feb 2023
to
Feb 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 IT Index | 13.9 | 42.9 | 23.8 | 19.4 | 0.0 | 0.0 | 0.0 | 5.0% | 3.6% | −3.3% | 13.3% | 0% |
| Nippon India ETF Nifty IT | 13.2 | 43.1 | 20.7 | 23.1 | 0.0 | 0.0 | 0.0 | 5.2% | 3.8% | −3.2% | 13.5% | 0% |
| Nifty IT TRI | 12.6 | 43.5 | 18.4 | 25.5 | 0.0 | 0.0 | 0.0 | 5.4% | 4.1% | −3.0% | 13.8% | -- |
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 IT 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 19-08-2022. Past returns do not promise future returns.
ICICI Prudential Nifty IT Index vs Nippon India ETF Nifty IT: 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 19-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty IT IndexICICI Prudential Nifty IT Index Fund (Direct) | ₹5,10,000 | ₹5,20,786 | ₹10,786 | 1.0% |
| Nippon India ETF Nifty ITNippon India ETF Nifty IT (Direct) | ₹5,10,000 | ₹5,22,593 | ₹12,593 | 1.1% |
ICICI Prudential Nifty IT IndexICICI Prudential Nifty IT Index Fund (Direct)
Nippon India ETF Nifty ITNippon India ETF Nifty IT (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 IT Index vs Nippon India ETF Nifty IT: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty IT Index Fund (Direct) | Nippon India ETF Nifty IT (Direct) |
|---|---|---|
| Return (CAGR) | −7.87% | −7.81% |
| Standard deviation | 26.04% | 26.07% |
| Sharpe ratio | -0.50 | -0.50 |
| Sortino ratio | -0.71 | -0.70 |
| Maximum drawdown | −34.1% (01-07-2026) | −34.1% (01-07-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.28% | −0.22% |
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 IT Index Fund (Direct) | Nippon India ETF Nifty IT (Direct) |
|---|---|---|
| Return (CAGR) | +3.80% | +3.95% |
| Standard deviation | 22.50% | 22.52% |
| Sharpe ratio | -0.10 | -0.09 |
| Sortino ratio | -0.14 | -0.13 |
| Maximum drawdown | −42.2% (01-07-2026) | −42.2% (01-07-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.41% | −0.27% |
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 IT Index Fund (Direct) | Nippon India ETF Nifty IT (Direct) |
|---|---|---|
| Return (CAGR) | +3.65% | +15.29% |
| Standard deviation | 21.35% | 21.87% |
| Sharpe ratio | -0.12 | 0.46 |
| Sortino ratio | -0.17 | 0.67 |
| Maximum drawdown | −42.2% (01-07-2026) | −42.2% (01-07-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.41% | −0.31% |
From daily NAVs, 19-08-2022 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 IT Index Fund (Direct)
Nippon India ETF Nifty IT (Direct)
Nifty IT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty IT Index Fund (Direct) | −42.2% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.5% |
| Nippon India ETF Nifty IT (Direct) | −42.2% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.5% |
| Nifty IT TRI | −42.0% | 13-12-2024 | 01-07-2026 | Not yet | -- | −26.1% |
From daily values since 19-08-2022, 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 IT Index Fund (Direct)
Nippon India ETF Nifty IT (Direct)
Nifty IT 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 IT Index Fund (Direct)
Nippon India ETF Nifty IT (Direct)
Nifty IT TRI
Against Nifty IT TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty IT Index Fund (Direct) | 99% | 100% | 0.17% |
| Nippon India ETF Nifty IT (Direct) | 99% | 100% | 0.08% |
From month-end values since 19-08-2022. 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 IT Index vs Nippon India ETF Nifty IT: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty IT Index Fund, September 2026; Nippon India ETF Nifty IT, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 10
- Only in ICICI Prudential Nifty IT Index
- 0
- Only in Nippon India ETF Nifty IT
- 0
| Security | % of ICICI Prudential Nifty IT Index | % of Nippon India ETF Nifty IT |
|---|---|---|
| Infosys Ltd. | 31.26% | 31.29% |
| Tata Consultancy Services Ltd. | 19.05% | 19.07% |
| HCL Technologies Ltd. | 11.79% | 11.80% |
| Tech Mahindra Ltd. | 10.46% | 10.47% |
| COFORGE Ltd. | 6.58% | 6.59% |
| Persistent Systems Ltd. | 6.21% | 6.21% |
| Wipro Ltd. | 4.64% | 4.64% |
| LTIMindtree Ltd. | 4.06% | 4.06% |
| Mphasis Ltd. | 3.08% | 3.09% |
| Oracle Financial Services Software Ltd. | 2.74% | 2.75% |
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 IT Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Nippon India ETF Nifty IT
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 IT Index | Nippon India ETF Nifty IT |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty IT Index | Nippon India ETF Nifty IT |
|---|---|---|
| Large Cap | 81.3% | 81.3% |
| Mid Cap | 18.6% | 18.6% |
| 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 IT Index | Nippon India ETF Nifty IT |
|---|---|---|
| IT - Software | 0.0% | 100.0% |
| It - Software | 99.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty IT Index vs Nippon India ETF Nifty IT: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty IT Index Fund | Nippon India ETF Nifty IT |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.28% |
| Base expense ratio (Direct) | 0.22% | 0.19% |
| Total expense ratio (Regular) | 0.96% | Not available |
| Base expense ratio (Regular) | 0.70% | 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 IT Index Fund vs Nippon India ETF Nifty IT: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty IT Index Fund and Nippon India ETF Nifty IT?
ICICI Prudential Nifty IT Index Fund is an Index fund, Nippon India ETF Nifty IT is a mutual fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 99.9%. ICICI Prudential Nifty IT Index Fund charges 0.40% a year and Nippon India ETF Nifty IT 0.28%.
Which has given higher returns, ICICI Prudential Nifty IT Index Fund or Nippon India ETF Nifty IT?
Over 1 year: ICICI Prudential Nifty IT Index Fund −7.87%, Nippon India ETF Nifty IT −7.81%. Over 3 years: ICICI Prudential Nifty IT Index Fund +3.80% a year, Nippon India ETF Nifty IT +3.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty IT Index Fund or Nippon India ETF Nifty IT?
Nippon India ETF Nifty IT charges less: 0.28% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty IT Index Fund and Nippon India ETF Nifty IT overlap?
99.9%. They hold 10 of the same securities, the largest shared ones being INFY, TCS, HCLTECH. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Nifty IT Index Fund or Nippon India ETF Nifty IT?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,55,116 in ICICI Prudential Nifty IT Index Fund (XIRR -2.6% a year) and ₹3,55,683 in Nippon India ETF Nifty IT (XIRR -2.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty IT Index Fund and Nippon India ETF Nifty IT?
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.