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    ICICI Prudential Nifty LargeMidcap 250 Index Fund vs Zerodha Life Cycle Fund 2031

    Direct Plan, Growth option · Data as on 30-10-2026

    ICICI Prudential Nifty LargeMidcap 250 Index Fund is an Index fund and Zerodha Life Cycle Fund 2031 is a mutual fund. ICICI Prudential Nifty LargeMidcap 250 Index Fund charges 0.33% a year and Zerodha Life Cycle Fund 2031 2.98% (Direct plans). Their portfolios overlap 49.8%: they hold 241 of the same securities.

    ICICI Prudential Nifty LargeMidcap 250 Index Fund

    Index

    Expense ratio
    0.33%
    NAV
    ₹11.69
    See ICICI Prudential Nifty LargeMidcap 250 Index Fund

    Zerodha Life Cycle Fund 2031

    Expense ratio
    2.98%
    NAV
    ₹9.74
    See Zerodha Life Cycle Fund 2031

    Which is better, ICICI Prudential Nifty LargeMidcap 250 Index or Zerodha Life Cycle Fund 2031? 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 LargeMidcap 250 Index costs less: 0.33% a year against 2.98% (Direct plans).
    • Zerodha Life Cycle Fund 2031 fell less in its worst fall since 18-09-2026: −4.4% against −7.4%.
    • ICICI Prudential Nifty LargeMidcap 250 Index holds more in large companies: 51.7% of the fund in large caps against 34.8%.
    • ICICI Prudential Nifty LargeMidcap 250 Index is the larger fund: ₹290 Cr against ₹10 Cr.
    • Their portfolios overlap 49.8%: 241 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

    FactICICI Prudential Nifty LargeMidcap 250 Index FundZerodha Life Cycle Fund 2031
    Fund houseICICI Prudential Mutual FundZerodha Mutual Fund
    CategoryIndexNot available
    AUM₹290 Cr (30-09-2026)₹10 Cr (30-09-2026)
    NAV₹11.69 (Direct)₹9.74 (Direct)
    Expense ratio (Direct)0.33%2.98%
    Expense ratio (Regular)0.83%Not available
    RiskometerNot availableHigh
    BenchmarkNifty LargeMidcap 250 TRI55% CRISIL 10 year Gilt Index + 35% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical
    Launch date13-03-202416-09-2026
    Minimum investment₹100₹100
    Lock inNoneNot available
    Fund managersNishit Patel, Ashwini Bharucha, Venus AhujaKedarnath Mirajkar
    Exit loadNilNil

    ICICI Prudential Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2031: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    ICICI Prudential Nifty LargeMidcap 250 Index Fund (Direct)−1.34%−6.94%−3.56%−6.77%------
    Zerodha Life Cycle Fund 2031 (Direct)−1.18%------------

    ICICI Prudential Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2031: Year-wise Returns

    YearICICI Prudential Nifty LargeMidcap 250 IndexICICI Prudential Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2031Zerodha Life Cycle Fund 2031
    2026to date−7.34%--
    2025+7.83%--

    ICICI Prudential Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2031: Rolling Returns

    Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of ICICI Prudential Nifty LargeMidcap 250 Index Fund

    ICICI Prudential Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2031: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureICICI Prudential Nifty LargeMidcap 250 Index Fund (Direct)Zerodha Life Cycle Fund 2031 (Direct)
    Return (CAGR)+5.57%−25.51%
    Standard deviation15.06%7.90%
    Sharpe ratio-0.02-3.93
    Sortino ratio-0.03-4.33
    Maximum drawdown−18.9% (28-02-2025)−4.4% (23-10-2026)
    Beta1.00--
    Alpha−0.40%--

    From daily NAVs, 14-03-2024 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.

    −8%−6%−4%−2%0%
    ICICI Prudential Nifty LargeMidcap 250 Index Fund (Direct)Zerodha Life Cycle Fund 2031 (Direct)NIFTY LargeMidcap 250 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    ICICI Prudential Nifty LargeMidcap 250 Index Fund (Direct)−7.4%23-09-202623-10-2026Not yet--−5.4%
    Zerodha Life Cycle Fund 2031 (Direct)−4.4%23-09-202623-10-2026Not yet--−3.5%
    NIFTY LargeMidcap 250 TRI−7.4%23-09-202623-10-2026Not yet--−5.4%

    From daily values since 18-09-2026, the first day every fund has.

    ICICI Prudential Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2031: Portfolio Overlap

    From each fund's latest monthly portfolio: ICICI Prudential Nifty LargeMidcap 250 Index Fund, September 2026; Zerodha Life Cycle Fund 2031, September 2026

    Holdings in common

    Overlap
    49.8%
    Held by both
    241
    Only in ICICI Prudential Nifty LargeMidcap 250 Index
    9
    Only in Zerodha Life Cycle Fund 2031
    12
    Security% of ICICI Prudential Nifty LargeMidcap 250 Index% of Zerodha Life Cycle Fund 2031
    Bharti Airtel Ltd.2.06%5.05%
    HDFC Bank Ltd.4.19%2.02%
    ICICI Bank Ltd.3.66%1.76%
    Reliance Industries Ltd.3.06%1.49%
    Infosys Ltd.1.36%3.74%
    Bajaj Finance Ltd.1.01%2.58%
    The Federal Bank Ltd.0.96%4.34%
    Larsen & Toubro Ltd.1.70%0.82%
    State Bank Of India1.53%0.74%
    IndusInd Bank Ltd.0.73%4.04%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.8% means 49.8% 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 LargeMidcap 250 Index Fund

    Security% of fund
    EMBASSY OFFICE PARKS REIT0.93%
    Dewan Housing Finance Corporation Ltd.0.33%
    Vedanta Aluminium Metal Ltd.0.27%
    Meesho Ltd0.26%
    Aster DM Quality Care Ltd0.23%

    Largest holdings only in Zerodha Life Cycle Fund 2031

    Security% of fund
    6.36% GOI 16-Feb-203126.91%
    Zerodha Gold ETF2.19%
    Zerodha Silver ETF2.12%
    Apollo Tyres Limited0.08%
    Tata Elxsi Limited0.06%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetICICI Prudential Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2031
    Equity99.0%65.8%
    Debt0.0%26.9%
    Cash and others1.0%7.3%

    Market cap of stocks

    Market capICICI Prudential Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2031
    Large Cap51.7%34.8%
    Mid Cap46.1%28.5%
    Small Cap1.3%2.5%

    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

    SectorICICI Prudential Nifty LargeMidcap 250 IndexZerodha Life Cycle Fund 2031
    Banks16.8%15.7%
    Pharmaceuticals & Biotechnology6.7%3.3%
    Finance6.5%6.5%
    IT - Software0.0%5.9%
    Telecom - Services3.2%5.8%
    It - Software5.5%0.0%
    Retailing4.3%1.8%
    Automobiles4.0%1.9%

    The six largest sectors of each fund's stocks, % of the fund.

    ICICI Prudential Nifty LargeMidcap 250 Index vs Zerodha Life Cycle Fund 2031: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeICICI Prudential Nifty LargeMidcap 250 Index FundZerodha Life Cycle Fund 2031
    Total expense ratio (Direct)0.33%2.98%
    Base expense ratio (Direct)0.21%0.42%
    Total expense ratio (Regular)0.83%Not available
    Base expense ratio (Regular)0.64%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 LargeMidcap 250 Index Fund vs Zerodha Life Cycle Fund 2031: Frequently Asked Questions

    What is the difference between ICICI Prudential Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2031?

    ICICI Prudential Nifty LargeMidcap 250 Index Fund is an Index fund, Zerodha Life Cycle Fund 2031 is a mutual fund, run by ICICI Prudential Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 49.8%. ICICI Prudential Nifty LargeMidcap 250 Index Fund charges 0.33% a year and Zerodha Life Cycle Fund 2031 2.98%.

    Which has the lower expense ratio, ICICI Prudential Nifty LargeMidcap 250 Index Fund or Zerodha Life Cycle Fund 2031?

    ICICI Prudential Nifty LargeMidcap 250 Index Fund charges less: 0.33% a year against 2.98%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do ICICI Prudential Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2031 overlap?

    49.8%. They hold 241 of the same securities, the largest shared ones being BHARTIARTL, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.

    Can I invest in both ICICI Prudential Nifty LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2031?

    Yes. 49.8% 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 LargeMidcap 250 Index Fund and Zerodha Life Cycle Fund 2031?

    ICICI Prudential Nifty LargeMidcap 250 Index Fund: Nishit Patel, Ashwini Bharucha, Venus Ahuja. Zerodha Life Cycle Fund 2031: Kedarnath Mirajkar.

    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.

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