ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Top 15 Equal Weight ETF is an ETF fund and Parag Parikh ELSS Tax Saver Fund is an ELSS fund. In the year to 30-10-2026, ICICI Prudential Nifty Top 15 Equal Weight ETF returned −12.4% and Parag Parikh ELSS Tax Saver Fund (Direct) returned −11.3%. ICICI Prudential Nifty Top 15 Equal Weight ETF charges 0.38% a year and Parag Parikh ELSS Tax Saver Fund 0.65%. Their portfolios overlap 40.1%: they hold 10 of the same securities.
ICICI Prudential Nifty Top 15 Equal Weight ETF
ETF
- 1 year return
- −12.4%
- Expense ratio
- 0.38%
- NAV
- ₹9.54
Parag Parikh ELSS Tax Saver Fund
ELSS
- 1 year return
- −11.3%
- Expense ratio
- 0.65%
- NAV
- ₹30.85
Which is better, ICICI Prudential Nifty Top 15 Equal Weight ETF or Parag Parikh ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Parag Parikh ELSS Tax Saver returned more over 1 year: −11.3% against −12.4%.
- ICICI Prudential Nifty Top 15 Equal Weight ETF costs less: 0.38% a year against 0.65%.
- Parag Parikh ELSS Tax Saver fell less in its worst fall since 27-06-2025: −14.8% against −18.3%.
- ICICI Prudential Nifty Top 15 Equal Weight ETF holds more in large companies: 100.0% of the fund in large caps against 68.9%.
- Parag Parikh ELSS Tax Saver is the larger fund: ₹5,401 Cr against ₹14 Cr.
- Their portfolios overlap 40.1%: 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 Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | PPFAS Mutual Fund |
| Category | ETF | ELSS |
| AUM | ₹14 Cr (30-09-2026) | ₹5,401 Cr (30-09-2026) |
| NAV | ₹9.54 | ₹30.85 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.83% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Top 15 Equal Weight TRI | Nifty 500 TRI |
| Launch date | 26-06-2025 | 24-07-2019 |
| Minimum investment | On Stock Exchange(s): Investor can buy / sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Eligible Investors can buy/sell units of the Scheme in Creation Unit Size viz. 3,70,000 units and in multiple | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar |
| Exit load | Nil | NIL |
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: 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 Top 15 Equal Weight ETF | +3.95% | −4.55% | −3.12% | −12.45% | -- | -- | -- |
| Parag Parikh ELSS Tax Saver Fund (Direct) | +0.63% | −4.15% | −3.36% | −11.32% | +8.55% | +10.30% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Year-wise Returns
| Year | ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight ETF | Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver |
|---|---|---|
| 2026to date | −13.98% | −10.70% |
| 2025 | -- | +6.19% |
| 2024 | -- | +21.78% |
| 2023 | -- | +28.82% |
| 2022 | -- | +6.58% |
| 2021 | -- | +37.97% |
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty Top 15 Equal Weight TRI, the benchmark of ICICI Prudential Nifty Top 15 Equal Weight ETF
Rolling returns
Every 1-year holding period, 85 of them, one for each trading day from 29-06-2026 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 Top 15 Equal Weight ETF
Parag Parikh ELSS Tax Saver Fund (Direct)
Nifty Top 15 Equal Weight TRI
to
Jul 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
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 Top 15 Equal Weight ETF | 90.6 | 9.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.6% | −5.5% | −14.6% | 1.6% | 0% |
| Parag Parikh ELSS Tax Saver | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −8.1% | −7.7% | −13.2% | −2.9% | 31% |
| Nifty Top 15 Equal Weight TRI | 89.4 | 10.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.2% | −5.2% | −14.3% | 2.0% | -- |
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 Top 15 Equal Weight 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 27-06-2025. Past returns do not promise future returns.
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: 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 27-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight ETF | ₹1,70,000 | ₹1,59,710 | −₹10,290 | −8.2% |
| Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver Fund (Direct) | ₹1,70,000 | ₹1,59,488 | −₹10,512 | −8.3% |
ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight ETF
Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver 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 Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −12.45% | −11.32% |
| Standard deviation | 14.69% | 11.05% |
| Sharpe ratio | -1.20 | -1.50 |
| Sortino ratio | -1.61 | -1.96 |
| Maximum drawdown | −18.3% (08-10-2026) | −13.7% (31-03-2026) |
| Beta | 1.00 | 0.70 |
| Alpha | −0.32% | −7.73% |
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 Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.83% | +16.76% |
| Standard deviation | 13.42% | 13.40% |
| Sharpe ratio | -0.91 | 0.87 |
| Sortino ratio | -1.22 | 1.18 |
| Maximum drawdown | −18.3% (08-10-2026) | −29.5% (23-03-2020) |
| Beta | 1.00 | 0.71 |
| Alpha | −0.33% | +5.40% |
From daily NAVs, 27-06-2025 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 Top 15 Equal Weight ETF
Parag Parikh ELSS Tax Saver Fund (Direct)
Nifty Top 15 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty Top 15 Equal Weight ETF | −18.3% | 05-12-2025 | 08-10-2026 | Not yet | -- | −14.3% |
| Parag Parikh ELSS Tax Saver Fund (Direct) | −14.8% | 23-10-2025 | 31-03-2026 | Not yet | -- | −12.4% |
| Nifty Top 15 Equal Weight TRI | −18.1% | 05-12-2025 | 08-10-2026 | Not yet | -- | −14.0% |
From daily values since 27-06-2025, 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 Top 15 Equal Weight ETF
Parag Parikh ELSS Tax Saver Fund (Direct)
Nifty Top 15 Equal Weight TRI
Against Nifty Top 15 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty Top 15 Equal Weight ETF | 99% | 101% | 0.03% |
| Parag Parikh ELSS Tax Saver Fund (Direct) | 42% | 68% | 7.31% |
From month-end values since 27-06-2025. 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 Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Top 15 Equal Weight ETF, September 2026; Parag Parikh ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 40.1%
- Held by both
- 10
- Only in ICICI Prudential Nifty Top 15 Equal Weight ETF
- 5
- Only in Parag Parikh ELSS Tax Saver
- 36
| Security | % of ICICI Prudential Nifty Top 15 Equal Weight ETF | % of Parag Parikh ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd. | 6.53% | 7.57% |
| ITC Ltd. | 6.63% | 5.02% |
| ICICI Bank Ltd. | 6.76% | 4.86% |
| Kotak Mahindra Bank Ltd. | 7.00% | 4.70% |
| Axis Bank Ltd. | 6.80% | 3.63% |
| Maruti Suzuki India Ltd. | 6.72% | 3.53% |
| Mahindra & Mahindra Ltd. | 6.59% | 3.51% |
| Bharti Airtel Ltd. | 6.67% | 3.41% |
| Infosys Ltd. | 6.74% | 3.13% |
| Tata Consultancy Services Ltd. | 6.68% | 1.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.1% means 40.1% 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 Top 15 Equal Weight ETF
| Security | % of fund |
|---|---|
| State Bank Of India | 6.62% |
| Larsen & Toubro Ltd. | 6.58% |
| Reliance Industries Ltd. | 6.57% |
| Hindustan Unilever Ltd. | 6.56% |
| Bajaj Finance Ltd. | 6.53% |
Largest holdings only in Parag Parikh ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Bajaj Holdings & Investment Limited | 7.05% |
| Power Grid Corporation of India Limited | 6.58% |
| Coal India Limited | 6.46% |
| Maharashtra Scooters Limited | 5.50% |
| HCL Technologies Limited | 4.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver |
|---|---|---|
| Equity | 100.0% | 90.9% |
| Debt | 0.0% | 0.3% |
| Cash and others | 0.0% | 8.8% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver |
|---|---|---|
| Large Cap | 100.0% | 68.9% |
| Mid Cap | 0.0% | 3.6% |
| Small Cap | 0.0% | 18.4% |
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 Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver |
|---|---|---|
| Banks | 33.7% | 20.8% |
| It - Software | 13.4% | 0.0% |
| Automobiles | 13.3% | 7.0% |
| Diversified Fmcg | 13.2% | 0.0% |
| Finance | 6.5% | 12.6% |
| IT - Software | 0.0% | 10.6% |
| Telecom - Services | 6.7% | 3.5% |
| Construction | 6.6% | 0.0% |
| Power | 0.0% | 6.6% |
| Consumable Fuels | 0.0% | 6.5% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Top 15 Equal Weight ETF | Parag Parikh ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.00% | 0.54% |
| Total expense ratio (Regular) | Not available | 1.83% |
| Base expense ratio (Regular) | 0.30% | 1.54% |
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.
More comparisons
Each fund against the others of its category
Compare Parag Parikh ELSS Tax Saver with
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Parag Parikh ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Top 15 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund?
ICICI Prudential Nifty Top 15 Equal Weight ETF is an ETF fund, Parag Parikh ELSS Tax Saver Fund is an ELSS fund, run by ICICI Prudential Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 40.1%. ICICI Prudential Nifty Top 15 Equal Weight ETF charges 0.38% a year and Parag Parikh ELSS Tax Saver Fund 0.65%.
Which has given higher returns, ICICI Prudential Nifty Top 15 Equal Weight ETF or Parag Parikh ELSS Tax Saver Fund?
Over 1 year: ICICI Prudential Nifty Top 15 Equal Weight ETF −12.45%, Parag Parikh ELSS Tax Saver Fund −11.32%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty Top 15 Equal Weight ETF or Parag Parikh ELSS Tax Saver Fund?
ICICI Prudential Nifty Top 15 Equal Weight ETF charges less: 0.38% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Top 15 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund overlap?
40.1%. They hold 10 of the same securities, the largest shared ones being HDFCBANK, ITC, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Top 15 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund?
Yes. 40.1% 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 Top 15 Equal Weight ETF and Parag Parikh ELSS Tax Saver Fund?
ICICI Prudential Nifty Top 15 Equal Weight ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja. Parag Parikh ELSS Tax Saver Fund: Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar.
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.