ICICI Prudential Nifty PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty PSU Bank ETF is an ETF fund and Nippon India ETF Nifty PSU Bank BeES is a mutual fund. In the 3 years to 30-10-2026, ICICI Prudential Nifty PSU Bank ETF returned 19.1% a year and Nippon India ETF Nifty PSU Bank BeES (Direct) returned 18.9% a year. ICICI Prudential Nifty PSU Bank ETF charges 0.41% a year and Nippon India ETF Nifty PSU Bank BeES 0.51%. Their portfolios overlap 99.9%: they hold 12 of the same securities.
ICICI Prudential Nifty PSU Bank ETF
ETF
- 3 year return
- 19.1%
- Expense ratio
- 0.41%
- NAV
- ₹83.51
Nippon India ETF Nifty PSU Bank BeES
- 3 year return
- 18.9%
- Expense ratio
- 0.51%
- NAV
- ₹91.94
Which is better, ICICI Prudential Nifty PSU Bank ETF or Nippon India ETF Nifty PSU Bank BeES? 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 PSU Bank ETF returned more over 3 years: 19.1% a year against 18.9%.
- ICICI Prudential Nifty PSU Bank ETF returned more over 1 year: 2.5% against 2.4%.
- ICICI Prudential Nifty PSU Bank ETF costs less: 0.41% a year against 0.51%.
- Nippon India ETF Nifty PSU Bank BeES swung less over 3 years: a standard deviation of 25.3% a year against 25.3%.
- ICICI Prudential Nifty PSU Bank ETF fell less in its worst fall since 16-03-2023: −29.7% against −29.8%.
- Nippon India ETF Nifty PSU Bank BeES is the larger fund: ₹3,932 Cr against ₹119 Cr.
- Their portfolios overlap 99.9%: 12 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 PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | ETF | Not available |
| AUM | ₹119 Cr (30-09-2026) | ₹3,932 Cr (30-09-2026) |
| NAV | ₹83.51 | ₹91.94 (Direct) |
| Expense ratio (Direct) | Not available | 0.51% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty PSU Bank TRI | Not available |
| Launch date | 15-03-2023 | Not available |
| 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Not available |
| 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. | Not available |
ICICI Prudential Nifty PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: 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 PSU Bank ETF | +2.70% | −1.21% | −2.49% | +2.50% | +19.08% | -- | -- |
| Nippon India ETF Nifty PSU Bank BeES (Direct) | +2.69% | −1.23% | −2.53% | +2.40% | +18.89% | +24.44% | -- |
ICICI Prudential Nifty PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: Year-wise Returns
| Year | ICICI Prudential Nifty PSU Bank ETFICICI Prudential Nifty PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeESNippon India ETF Nifty PSU Bank BeES | Nifty PSU Bank TRI |
|---|---|---|---|
| 2026to date | −3.13% | −3.21% | −2.78% |
| 2025 | +30.70% | +30.56% | +31.33% |
| 2024 | +14.91% | +14.78% | +15.31% |
| 2023 | -- | +32.46% | +33.28% |
| 2022 | -- | +73.53% | +74.67% |
| 2021 | -- | +43.64% | +44.82% |
ICICI Prudential Nifty PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: Rolling Returns
Every holding period of both funds, against Nifty PSU Bank TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 154 of them, one for each trading day from 16-03-2026 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 PSU Bank ETF
Nippon India ETF Nifty PSU Bank BeES (Direct)
Nifty PSU Bank TRI
to
Apr 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 PSU Bank ETF | 0.0 | 0.0 | 0.0 | 0.0 | 18.8 | 30.5 | 50.6 | 25.2% | 25.1% | 15.1% | 34.5% | 0% |
| Nippon India ETF Nifty PSU Bank BeES | 0.0 | 0.0 | 0.0 | 0.6 | 18.8 | 31.2 | 49.4 | 25.0% | 24.9% | 14.9% | 34.2% | 0% |
| Nifty PSU Bank TRI | 0.0 | 0.0 | 0.0 | 0.0 | 18.2 | 26.6 | 55.2 | 25.7% | 25.6% | 15.5% | 35.0% | -- |
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 PSU Bank 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 16-03-2023. Past returns do not promise future returns.
ICICI Prudential Nifty PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: 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 16-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty PSU Bank ETFICICI Prudential Nifty PSU Bank ETF | ₹4,40,000 | ₹5,74,844 | ₹1,34,844 | 14.7% |
| Nippon India ETF Nifty PSU Bank BeESNippon India ETF Nifty PSU Bank BeES (Direct) | ₹4,40,000 | ₹5,72,602 | ₹1,32,602 | 14.5% |
ICICI Prudential Nifty PSU Bank ETFICICI Prudential Nifty PSU Bank ETF
Nippon India ETF Nifty PSU Bank BeESNippon India ETF Nifty PSU Bank BeES (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 PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES (Direct) |
|---|---|---|
| Return (CAGR) | +2.50% | +2.40% |
| Standard deviation | 23.62% | 23.61% |
| Sharpe ratio | -0.12 | -0.12 |
| Sortino ratio | -0.16 | -0.16 |
| Maximum drawdown | −20.3% (31-03-2026) | −20.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.45% | −0.55% |
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 PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES (Direct) |
|---|---|---|
| Return (CAGR) | +19.08% | +18.89% |
| Standard deviation | 25.35% | 25.33% |
| Sharpe ratio | 0.51 | 0.51 |
| Sortino ratio | 0.71 | 0.70 |
| Maximum drawdown | −29.7% (03-03-2025) | −29.8% (03-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | −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 PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES (Direct) |
|---|---|---|
| Return (CAGR) | +25.64% | +10.42% |
| Standard deviation | 24.92% | 31.80% |
| Sharpe ratio | 0.78 | 0.16 |
| Sortino ratio | 1.10 | 0.23 |
| Maximum drawdown | −29.7% (03-03-2025) | −73.6% (19-05-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.47% | −0.62% |
From daily NAVs, 16-03-2023 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.
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 PSU Bank ETF
Nippon India ETF Nifty PSU Bank BeES (Direct)
Nifty PSU Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty PSU Bank ETF | −29.7% | 03-06-2024 | 03-03-2025 | 27-10-2025 | 8 months | −16.3% |
| Nippon India ETF Nifty PSU Bank BeES (Direct) | −29.8% | 03-06-2024 | 03-03-2025 | 28-10-2025 | 8 months | −16.4% |
| Nifty PSU Bank TRI | −29.6% | 03-06-2024 | 03-03-2025 | 27-10-2025 | 8 months | −16.1% |
From daily values since 16-03-2023, 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 PSU Bank ETF
Nippon India ETF Nifty PSU Bank BeES (Direct)
Nifty PSU Bank 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 PSU Bank ETF
Nippon India ETF Nifty PSU Bank BeES (Direct)
Nifty PSU Bank TRI
Against Nifty PSU Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty PSU Bank ETF | 99% | 101% | 0.13% |
| Nippon India ETF Nifty PSU Bank BeES (Direct) | 99% | 101% | 0.08% |
From month-end values since 16-03-2023. 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 PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty PSU Bank ETF, September 2026; Nippon India ETF Nifty PSU Bank BeES, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 12
- Only in ICICI Prudential Nifty PSU Bank ETF
- 0
- Only in Nippon India ETF Nifty PSU Bank BeES
- 0
| Security | % of ICICI Prudential Nifty PSU Bank ETF | % of Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| State Bank Of India | 33.33% | 33.31% |
| Bank Of Baroda | 12.47% | 12.47% |
| Canara Bank | 11.71% | 11.70% |
| Punjab National Bank | 11.36% | 11.35% |
| Union Bank Of India | 9.64% | 9.63% |
| Indian Bank | 8.31% | 8.30% |
| Bank Of Maharashtra | 4.71% | 4.71% |
| Bank Of India | 4.60% | 4.60% |
| Central Bank Of India | 1.52% | 1.52% |
| Indian Overseas Bank | 1.32% | 1.32% |
| UCO Bank | 0.77% | 0.77% |
| Punjab & Sind Bank | 0.27% | 0.27% |
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 PSU Bank ETF
Every holding of this fund is also held by the other.
Largest holdings only in Nippon India ETF Nifty PSU Bank BeES
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 PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| Equity | 100.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 0.1% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| Large Cap | 86.8% | 86.8% |
| Mid Cap | 11.4% | 11.4% |
| Small Cap | 1.8% | 1.8% |
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 PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| Banks | 100.0% | 100.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty PSU Bank ETF | Nippon India ETF Nifty PSU Bank BeES |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.51% |
| Base expense ratio (Direct) | 0.00% | 0.42% |
| Base expense ratio (Regular) | 0.34% | 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 PSU Bank ETF vs Nippon India ETF Nifty PSU Bank BeES: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BeES?
ICICI Prudential Nifty PSU Bank ETF is an ETF fund, Nippon India ETF Nifty PSU Bank BeES is a mutual fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 99.9%. ICICI Prudential Nifty PSU Bank ETF charges 0.41% a year and Nippon India ETF Nifty PSU Bank BeES 0.51%.
Which has given higher returns, ICICI Prudential Nifty PSU Bank ETF or Nippon India ETF Nifty PSU Bank BeES?
Over 1 year: ICICI Prudential Nifty PSU Bank ETF +2.50%, Nippon India ETF Nifty PSU Bank BeES +2.40%. Over 3 years: ICICI Prudential Nifty PSU Bank ETF +19.08% a year, Nippon India ETF Nifty PSU Bank BeES +18.89% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty PSU Bank ETF or Nippon India ETF Nifty PSU Bank BeES?
ICICI Prudential Nifty PSU Bank ETF charges less: 0.41% a year against 0.51%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BeES overlap?
99.9%. They hold 12 of the same securities, the largest shared ones being SBIN, BANKBARODA, CANBK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Nifty PSU Bank ETF or Nippon India ETF Nifty PSU Bank BeES?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,33,362 in ICICI Prudential Nifty PSU Bank ETF (XIRR 10.3% a year) and ₹4,32,565 in Nippon India ETF Nifty PSU Bank BeES (XIRR 10.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BeES?
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.