ICICI Prudential Nifty Next 50 ETF vs ICICI Prudential Nifty Next 50 Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Next 50 ETF is an ETF fund and ICICI Prudential Nifty Next 50 Index Fund is an Index fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty Next 50 ETF returned 16.4% a year and ICICI Prudential Nifty Next 50 Index Fund (Direct) returned 15.9% a year. ICICI Prudential Nifty Next 50 ETF charges 0.19% a year and ICICI Prudential Nifty Next 50 Index Fund 0.41%. Their portfolios overlap 99.9%: they hold 50 of the same securities.
ICICI Prudential Nifty Next 50 ETF
ETF
- 3 year return
- 16.4%
- Expense ratio
- 0.19%
- NAV
- ₹71.54
ICICI Prudential Nifty Next 50 Index Fund
Index
- 3 year return
- 15.9%
- Expense ratio
- 0.41%
- NAV
- ₹63.03
Which is better, ICICI Prudential Nifty Next 50 ETF or ICICI Prudential Nifty Next 50 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 Next 50 ETF returned more over 5 years: 10.8% a year against 10.4%.
- ICICI Prudential Nifty Next 50 ETF returned more over 3 years: 16.4% a year against 15.9%.
- ICICI Prudential Nifty Next 50 ETF costs less: 0.19% a year against 0.41%.
- ICICI Prudential Nifty Next 50 Index swung less over 3 years: a standard deviation of 18.3% a year against 18.4%.
- ICICI Prudential Nifty Next 50 ETF fell less in its worst fall since 24-08-2018: −40.0% against −40.1%.
- ICICI Prudential Nifty Next 50 Index is the larger fund: ₹9,744 Cr against ₹2,612 Cr.
- Their portfolios overlap 99.9%: 50 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 Next 50 ETF | ICICI Prudential Nifty Next 50 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | ETF | Index |
| AUM | ₹2,612 Cr (30-09-2026) | ₹9,744 Cr (30-09-2026) |
| NAV | ₹71.54 | ₹63.03 (Direct) |
| Expense ratio (Direct) | Not available | 0.41% |
| Expense ratio (Regular) | Not available | 0.80% |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Next 50 TRI | Nifty Next 50 TRI |
| Launch date | 23-08-2018 | 25-06-2010 |
| 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 | ₹100 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja | Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja |
| Exit load | Not available | Nil |
ICICI Prudential Nifty Next 50 ETF vs ICICI Prudential Nifty Next 50 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 Next 50 ETF | −2.86% | −6.65% | −2.46% | −2.71% | +16.37% | +10.79% | -- |
| ICICI Prudential Nifty Next 50 Index Fund (Direct) | −2.89% | −6.70% | −2.58% | −2.97% | +15.91% | +10.42% | +11.65% |
ICICI Prudential Nifty Next 50 ETF vs ICICI Prudential Nifty Next 50 Index: Year-wise Returns
| Year | ETFICICI Prudential Nifty Next 50 ETF | IndexICICI Prudential Nifty Next 50 Index | Nifty Next 50 TRI |
|---|---|---|---|
| 2026to date | −1.74% | −1.97% | −1.53% |
| 2025 | +2.86% | +2.46% | +2.90% |
| 2024 | +28.21% | +27.52% | +28.37% |
| 2023 | +27.05% | +26.80% | +27.24% |
| 2022 | +0.79% | +0.51% | +0.96% |
| 2021 | +30.65% | +30.10% | +30.87% |
ICICI Prudential Nifty Next 50 ETF vs ICICI Prudential Nifty Next 50 Index: Rolling Returns
Every holding period of both funds, against Nifty Next 50 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,281 of them, one for each trading day from 24-08-2021 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 Next 50 ETF
ICICI Prudential Nifty Next 50 Index Fund (Direct)
Nifty Next 50 TRI
to
Jan 2022Dec 2019
to
Dec 2022Oct 2020
to
Oct 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025May 2023
to
May 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 Next 50 ETF | 0.0 | 0.0 | 0.2 | 14.1 | 57.2 | 28.3 | 0.2 | 18.3% | 18.4% | 9.7% | 27.7% | 0% |
| ICICI Prudential Nifty Next 50 Index | 0.0 | 0.0 | 0.6 | 17.9 | 57.3 | 24.0 | 0.2 | 17.8% | 17.9% | 9.3% | 27.1% | 0% |
| Nifty Next 50 TRI | 0.0 | 0.0 | 0.0 | 12.8 | 56.0 | 31.0 | 0.2 | 18.5% | 18.5% | 10.0% | 27.9% | -- |
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 Next 50 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 24-08-2018. Past returns do not promise future returns.
ICICI Prudential Nifty Next 50 ETF vs ICICI Prudential Nifty Next 50 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 24-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty Next 50 ETFICICI Prudential Nifty Next 50 ETF | ₹9,90,000 | ₹17,34,361 | ₹7,44,361 | 13.2% |
| ICICI Prudential Nifty Next 50 IndexICICI Prudential Nifty Next 50 Index Fund (Direct) | ₹9,90,000 | ₹17,03,198 | ₹7,13,198 | 12.8% |
ICICI Prudential Nifty Next 50 ETFICICI Prudential Nifty Next 50 ETF
ICICI Prudential Nifty Next 50 IndexICICI Prudential Nifty Next 50 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 Next 50 ETF vs ICICI Prudential Nifty Next 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Next 50 ETF | ICICI Prudential Nifty Next 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.71% | −2.97% |
| Standard deviation | 17.51% | 17.36% |
| Sharpe ratio | -0.45 | -0.47 |
| Sortino ratio | -0.60 | -0.63 |
| Maximum drawdown | −14.4% (30-03-2026) | −14.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.21% | −0.48% |
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 Next 50 ETF | ICICI Prudential Nifty Next 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.37% | +15.91% |
| Standard deviation | 18.41% | 18.34% |
| Sharpe ratio | 0.56 | 0.54 |
| Sortino ratio | 0.75 | 0.72 |
| Maximum drawdown | −26.4% (28-02-2025) | −26.7% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.60% |
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 Next 50 ETF | ICICI Prudential Nifty Next 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.79% | +10.42% |
| Standard deviation | 17.77% | 17.69% |
| Sharpe ratio | 0.28 | 0.26 |
| Sortino ratio | 0.37 | 0.34 |
| Maximum drawdown | −26.4% (28-02-2025) | −26.7% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.15% | −0.52% |
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 Next 50 ETF | ICICI Prudential Nifty Next 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.96% | +13.44% |
| Standard deviation | 18.63% | 17.68% |
| Sharpe ratio | 0.31 | 0.42 |
| Sortino ratio | 0.40 | 0.56 |
| Maximum drawdown | −40.0% (23-03-2020) | −41.1% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.22% | −0.66% |
From daily NAVs, 24-08-2018 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 Next 50 ETF
ICICI Prudential Nifty Next 50 Index Fund (Direct)
Nifty Next 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Next 50 ETF | −40.0% | 31-08-2018 | 23-03-2020 | 02-12-2020 | 8 months | −11.5% |
| ICICI Prudential Nifty Next 50 Index Fund (Direct) | −40.1% | 31-08-2018 | 23-03-2020 | 03-12-2020 | 8 months | −12.3% |
| Nifty Next 50 TRI | −39.6% | 31-08-2018 | 23-03-2020 | 01-12-2020 | 8 months | −11.3% |
From daily values since 24-08-2018, 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 Next 50 ETF
ICICI Prudential Nifty Next 50 Index Fund (Direct)
Nifty Next 50 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 Next 50 ETF
ICICI Prudential Nifty Next 50 Index Fund (Direct)
Nifty Next 50 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 Next 50 ETF
ICICI Prudential Nifty Next 50 Index Fund (Direct)
Nifty Next 50 TRI
Against Nifty Next 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty Next 50 ETF | 99% | 100% | 0.24% |
| ICICI Prudential Nifty Next 50 Index Fund (Direct) | 99% | 101% | 0.17% |
From month-end values since 24-08-2018. 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 Next 50 ETF vs ICICI Prudential Nifty Next 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Next 50 ETF, September 2026; ICICI Prudential Nifty Next 50 Index Fund, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in ICICI Prudential Nifty Next 50 ETF
- 0
- Only in ICICI Prudential Nifty Next 50 Index
- 0
| Security | % of ICICI Prudential Nifty Next 50 ETF | % of ICICI Prudential Nifty Next 50 Index |
|---|---|---|
| Divi's Laboratories Ltd. | 4.84% | 4.83% |
| TVS Motor Company Ltd. | 3.95% | 3.95% |
| Hindustan Aeronautics Ltd. | 3.63% | 3.62% |
| TML Commercial Vehicles Ltd. | 3.61% | 3.61% |
| Adani Power Ltd. | 3.48% | 3.47% |
| Samvardhana Motherson International Ltd. | 2.95% | 2.95% |
| Torrent Pharmaceuticals Ltd. | 2.89% | 2.89% |
| Cholamandalam Investment And Finance Company Ltd. | 2.88% | 2.88% |
| Vedanta Aluminium Metal Ltd. | 2.87% | 2.86% |
| Cummins India Ltd. | 2.63% | 2.63% |
| Avenue Supermarts Ltd. | 2.51% | 2.51% |
| Bharat Petroleum Corporation Ltd. | 2.49% | 2.49% |
| Tata Power Company Ltd. | 2.47% | 2.47% |
| Varun Beverages Ltd. | 2.42% | 2.42% |
| CG Power and Industrial Solutions Ltd. | 2.40% | 2.40% |
| Britannia Industries Ltd. | 2.33% | 2.33% |
| Indian Oil Corporation Ltd. | 2.06% | 2.06% |
| Solar Industries India Ltd. | 1.97% | 1.96% |
| Power Finance Corporation Ltd. | 1.94% | 1.94% |
| Bajaj Holdings & Investment Ltd. | 1.91% | 1.91% |
| HDFC Asset Management Company Ltd. | 1.91% | 1.91% |
| GAIL (India) Ltd. | 1.88% | 1.88% |
| Vedanta Ltd. | 1.87% | 1.87% |
| Pidilite Industries Ltd. | 1.86% | 1.86% |
| DLF Ltd. | 1.77% | 1.77% |
| Wipro Ltd. | 1.76% | 1.76% |
| Polycab India Ltd. | 1.76% | 1.76% |
| Adani Energy Solutions Ltd. | 1.76% | 1.76% |
| Adani Green Energy Ltd. | 1.75% | 1.75% |
| Bank Of Baroda | 1.75% | 1.75% |
| Jindal Steel Ltd. | 1.72% | 1.72% |
| Bosch Ltd. | 1.67% | 1.67% |
| Canara Bank | 1.64% | 1.64% |
| Hitachi Energy India Ltd. | 1.60% | 1.59% |
| Punjab National Bank | 1.59% | 1.59% |
| LTIMindtree Ltd. | 1.54% | 1.54% |
| Vodafone Idea Ltd. | 1.46% | 1.47% |
| ABB India Ltd. | 1.46% | 1.46% |
| Godrej Consumer Products Ltd. | 1.40% | 1.40% |
| Union Bank Of India | 1.35% | 1.35% |
| Siemens Ltd. | 1.35% | 1.35% |
| Muthoot Finance Ltd. | 1.20% | 1.20% |
| Hyundai Motor India Ltd. | 1.18% | 1.18% |
| Zydus Lifesciences Ltd. | 1.18% | 1.18% |
| SIEMENS ENERGY INDIA LTD | 1.16% | 1.16% |
| Hindustan Zinc Ltd. | 1.11% | 1.11% |
| Ambuja Cements Ltd. | 0.95% | 0.95% |
| Tata Capital Ltd. | 0.74% | 0.74% |
| Indian Railway Finance Corporation Ltd. | 0.73% | 0.73% |
| Mazagon Dock Shipbuilders Ltd | 0.66% | 0.66% |
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 Next 50 ETF
Every holding of this fund is also held by the other.
Largest holdings only in ICICI Prudential Nifty Next 50 Index Fund
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 Next 50 ETF | ICICI Prudential Nifty Next 50 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 Next 50 ETF | ICICI Prudential Nifty Next 50 Index |
|---|---|---|
| Large Cap | 95.3% | 95.3% |
| Mid Cap | 4.7% | 4.7% |
| 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 Next 50 ETF | ICICI Prudential Nifty Next 50 Index |
|---|---|---|
| Power | 9.5% | 9.4% |
| Finance | 9.4% | 9.4% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.9% |
| Electrical Equipment | 8.0% | 8.0% |
| Banks | 6.3% | 6.3% |
| Automobiles | 5.1% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Next 50 ETF vs ICICI Prudential Nifty Next 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Next 50 ETF | ICICI Prudential Nifty Next 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.41% |
| Base expense ratio (Direct) | 0.00% | 0.26% |
| Total expense ratio (Regular) | Not available | 0.80% |
| Base expense ratio (Regular) | 0.09% | 0.59% |
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 Next 50 ETF vs ICICI Prudential Nifty Next 50 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Next 50 ETF and ICICI Prudential Nifty Next 50 Index Fund?
ICICI Prudential Nifty Next 50 ETF is an ETF fund, ICICI Prudential Nifty Next 50 Index Fund is an Index fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 99.9%. ICICI Prudential Nifty Next 50 ETF charges 0.19% a year and ICICI Prudential Nifty Next 50 Index Fund 0.41%.
Which has given higher returns, ICICI Prudential Nifty Next 50 ETF or ICICI Prudential Nifty Next 50 Index Fund?
Over 1 year: ICICI Prudential Nifty Next 50 ETF −2.71%, ICICI Prudential Nifty Next 50 Index Fund −2.97%. Over 3 years: ICICI Prudential Nifty Next 50 ETF +16.37% a year, ICICI Prudential Nifty Next 50 Index Fund +15.91% a year. Over 5 years: ICICI Prudential Nifty Next 50 ETF +10.79% a year, ICICI Prudential Nifty Next 50 Index Fund +10.42% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty Next 50 ETF or ICICI Prudential Nifty Next 50 Index Fund?
ICICI Prudential Nifty Next 50 ETF charges less: 0.19% a year against 0.41%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Next 50 ETF and ICICI Prudential Nifty Next 50 Index Fund overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being DIVISLAB, TVSMOTOR, HAL. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Nifty Next 50 ETF or ICICI Prudential Nifty Next 50 Index Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,96,291 in ICICI Prudential Nifty Next 50 ETF (XIRR 10.4% a year) and ₹7,88,158 in ICICI Prudential Nifty Next 50 Index Fund (XIRR 10.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty Next 50 ETF and ICICI Prudential Nifty Next 50 Index Fund?
Yes. 99.9% 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 Next 50 ETF and ICICI Prudential Nifty Next 50 Index Fund?
ICICI Prudential Nifty Next 50 ETF: Nishit Patel, Ajaykumar Solanki, Ashwini Bharucha, Venus Ahuja. ICICI Prudential Nifty Next 50 Index Fund: Nishit Patel, Ashwini Bharucha, Ajaykumar Solanki, Venus Ahuja.
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.