ICICI Prudential Nifty Private Bank Index Fund vs Kotak Nifty Private Bank ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Private Bank Index Fund is an Index fund and Kotak Nifty Private Bank ETF is an ETF fund. ICICI Prudential Nifty Private Bank Index Fund charges 0.65% a year and Kotak Nifty Private Bank ETF 0.95%. Their portfolios overlap 99.8%: they hold 10 of the same securities.
ICICI Prudential Nifty Private Bank Index Fund
Index
- Expense ratio
- 0.65%
- NAV
- ₹9.72
Which is better, ICICI Prudential Nifty Private Bank Index or Kotak Nifty Private Bank ETF? 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 Private Bank Index costs less: 0.65% a year against 0.95%.
- ICICI Prudential Nifty Private Bank Index fell less in its worst fall since 21-07-2026: −5.7% against −5.7%.
- ICICI Prudential Nifty Private Bank Index is the larger fund: ₹57 Cr against ₹16 Cr.
- Their portfolios overlap 99.8%: 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 Private Bank Index Fund | Kotak Nifty Private Bank ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | ETF |
| AUM | ₹57 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹9.72 (Direct) | ₹27.12 |
| Expense ratio (Direct) | 0.65% | Not available |
| Expense ratio (Regular) | 1.20% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Private Bank TRI | Nifty Private Bank TRI |
| Launch date | 17-07-2025 | 17-07-2026 |
| Minimum investment | ₹1,000 | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Shinde | Satish Dondapati, Jeetu Valechha Sonar, amp, Abhishek Bisen |
| Exit load | Nil | NIL |
ICICI Prudential Nifty Private Bank Index vs Kotak Nifty Private Bank ETF: 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 Private Bank Index Fund (Direct) | +1.26% | −1.56% | +3.27% | −4.16% | -- | -- | -- |
| Kotak Nifty Private Bank ETF | +1.30% | −1.52% | -- | -- | -- | -- | -- |
ICICI Prudential Nifty Private Bank Index vs Kotak Nifty Private Bank ETF: Year-wise Returns
| Year | ICICI Prudential Nifty Private Bank IndexICICI Prudential Nifty Private Bank Index | Kotak Nifty Private Bank ETFKotak Nifty Private Bank ETF | Nifty Private Bank TRI |
|---|---|---|---|
| 2026to date | −5.58% | -- | −5.24% |
ICICI Prudential Nifty Private Bank Index vs Kotak Nifty Private Bank ETF: Rolling Returns
Every holding period of both funds, against Nifty Private Bank TRI, the benchmark of both
ICICI Prudential Nifty Private Bank Index vs Kotak Nifty Private Bank ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Private Bank Index Fund (Direct) | Kotak Nifty Private Bank ETF |
|---|---|---|
| Return (CAGR) | −2.23% | −9.79% |
| Standard deviation | 15.49% | 13.14% |
| Sharpe ratio | -0.49 | -1.14 |
| Sortino ratio | -0.68 | -1.56 |
| Maximum drawdown | −17.1% (31-03-2026) | −5.7% (29-09-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −1.62% | −0.22% |
From daily NAVs, 18-07-2025 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.
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 Private Bank Index Fund (Direct)
Kotak Nifty Private Bank ETF
Nifty Private Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Private Bank Index Fund (Direct) | −5.7% | 03-08-2026 | 29-09-2026 | Not yet | -- | −3.6% |
| Kotak Nifty Private Bank ETF | −5.7% | 03-08-2026 | 29-09-2026 | Not yet | -- | −3.6% |
| Nifty Private Bank TRI | −5.7% | 03-08-2026 | 29-09-2026 | Not yet | -- | −3.5% |
From daily values since 21-07-2026, the first day every fund has.
ICICI Prudential Nifty Private Bank Index vs Kotak Nifty Private Bank ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Private Bank Index Fund, September 2026; Kotak Nifty Private Bank ETF, September 2026
Holdings in common
- Overlap
- 99.8%
- Held by both
- 10
- Only in ICICI Prudential Nifty Private Bank Index
- 0
- Only in Kotak Nifty Private Bank ETF
- 0
| Security | % of ICICI Prudential Nifty Private Bank Index | % of Kotak Nifty Private Bank ETF |
|---|---|---|
| ICICI Bank Ltd. | 21.49% | 21.53% |
| HDFC Bank Ltd. | 20.79% | 20.82% |
| Kotak Mahindra Bank Ltd. | 19.80% | 19.84% |
| Axis Bank Ltd. | 19.24% | 19.27% |
| The Federal Bank Ltd. | 5.35% | 5.35% |
| IndusInd Bank Ltd. | 4.05% | 4.05% |
| IDFC First Bank Ltd. | 3.69% | 3.69% |
| Yes Bank Ltd. | 2.51% | 2.51% |
| RBL Bank Ltd. | 1.70% | 1.71% |
| Bandhan Bank Ltd. | 1.20% | 1.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.8% means 99.8% 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 Private Bank Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Private Bank ETF
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 Private Bank Index | Kotak Nifty Private Bank ETF |
|---|---|---|
| Equity | 99.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Private Bank Index | Kotak Nifty Private Bank ETF |
|---|---|---|
| Large Cap | 81.3% | 81.5% |
| Mid Cap | 15.6% | 15.6% |
| Small Cap | 2.9% | 2.9% |
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 Private Bank Index | Kotak Nifty Private Bank ETF |
|---|---|---|
| Banks | 99.8% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Private Bank Index vs Kotak Nifty Private Bank ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Private Bank Index Fund | Kotak Nifty Private Bank ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | Not available |
| Base expense ratio (Direct) | 0.30% | 0.00% |
| Total expense ratio (Regular) | 1.20% | Not available |
| Base expense ratio (Regular) | 0.77% | 0.10% |
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 Private Bank Index Fund vs Kotak Nifty Private Bank ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Private Bank Index Fund and Kotak Nifty Private Bank ETF?
ICICI Prudential Nifty Private Bank Index Fund is an Index fund, Kotak Nifty Private Bank ETF is an ETF fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 99.8%. ICICI Prudential Nifty Private Bank Index Fund charges 0.65% a year and Kotak Nifty Private Bank ETF 0.95%.
Which has the lower expense ratio, ICICI Prudential Nifty Private Bank Index Fund or Kotak Nifty Private Bank ETF?
ICICI Prudential Nifty Private Bank Index Fund charges less: 0.65% a year against 0.95%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Private Bank Index Fund and Kotak Nifty Private Bank ETF overlap?
99.8%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Private Bank Index Fund and Kotak Nifty Private Bank ETF?
Yes. 99.8% 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 Private Bank Index Fund and Kotak Nifty Private Bank ETF?
ICICI Prudential Nifty Private Bank Index Fund: Nishit Patel, Ashwini Shinde. Kotak Nifty Private Bank ETF: Satish Dondapati, Jeetu Valechha Sonar, amp, Abhishek Bisen.
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.