ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index 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 Zerodha BSE SENSEX Index Fund is an Index fund. ICICI Prudential Nifty Top 15 Equal Weight ETF charges 0.38% a year and Zerodha BSE SENSEX Index Fund 0.47%. Their portfolios overlap 63.0%: they hold 15 of the same securities.
ICICI Prudential Nifty Top 15 Equal Weight ETF
ETF
- Expense ratio
- 0.38%
- NAV
- ₹9.54
Which is better, ICICI Prudential Nifty Top 15 Equal Weight ETF or Zerodha BSE SENSEX 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 Top 15 Equal Weight ETF costs less: 0.38% a year against 0.47%.
- Zerodha BSE SENSEX Index fell less in its worst fall since 10-11-2025: −16.1% against −18.3%.
- Zerodha BSE SENSEX Index is the larger fund: ₹19 Cr against ₹14 Cr.
- Their portfolios overlap 63.0%: 15 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 | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Zerodha Mutual Fund |
| Category | ETF | Index |
| AUM | ₹14 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹9.54 | ₹8.99 (Direct) |
| Expense ratio (Direct) | Not available | 0.47% |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Top 15 Equal Weight TRI | BSE SENSEX TRI |
| Launch date | 26-06-2025 | 06-11-2025 |
| 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 | ₹100 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX 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 Top 15 Equal Weight ETF | +3.95% | −4.55% | −3.12% | −12.45% | -- | -- | -- |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index: Year-wise Returns
| Year | ICICI Prudential Nifty Top 15 Equal Weight ETFICICI Prudential Nifty Top 15 Equal Weight ETF | Zerodha BSE SENSEX IndexZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | −13.98% | −12.06% |
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index: 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
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index: 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 | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.83% | −10.70% |
| Standard deviation | 13.42% | 14.00% |
| Sharpe ratio | -0.91 | -1.14 |
| Sortino ratio | -1.22 | -1.53 |
| Maximum drawdown | −18.3% (08-10-2026) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.33% | −0.40% |
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
Zerodha BSE SENSEX Index 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% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| Nifty Top 15 Equal Weight TRI | −18.1% | 05-12-2025 | 08-10-2026 | Not yet | -- | −14.0% |
From daily values since 10-11-2025, the first day every fund has.
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Top 15 Equal Weight ETF, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 63.0%
- Held by both
- 15
- Only in ICICI Prudential Nifty Top 15 Equal Weight ETF
- 0
- Only in Zerodha BSE SENSEX Index
- 15
| Security | % of ICICI Prudential Nifty Top 15 Equal Weight ETF | % of Zerodha BSE SENSEX Index |
|---|---|---|
| ICICI Bank Ltd. | 6.76% | 11.04% |
| Reliance Industries Ltd. | 6.57% | 9.16% |
| HDFC Bank Ltd. | 6.53% | 12.59% |
| Bharti Airtel Ltd. | 6.67% | 6.39% |
| Larsen & Toubro Ltd. | 6.58% | 5.11% |
| State Bank Of India | 6.62% | 4.64% |
| Infosys Ltd. | 6.74% | 4.09% |
| Axis Bank Ltd. | 6.80% | 4.08% |
| Kotak Mahindra Bank Ltd. | 7.00% | 3.58% |
| Mahindra & Mahindra Ltd. | 6.59% | 3.08% |
| Bajaj Finance Ltd. | 6.53% | 3.00% |
| ITC Ltd. | 6.63% | 2.97% |
| Tata Consultancy Services Ltd. | 6.68% | 2.42% |
| Hindustan Unilever Ltd. | 6.56% | 1.96% |
| Maruti Suzuki India Ltd. | 6.72% | 1.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 63.0% means 63.0% 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
Every holding of this fund is also held by the other.
Largest holdings only in Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Eternal Limited | 2.70% |
| Sun Pharmaceutical Industries Limited | 2.29% |
| Titan Company Limited | 2.18% |
| NTPC Limited | 1.78% |
| Tata Steel Limited | 1.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Top 15 Equal Weight ETF | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Top 15 Equal Weight ETF | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 100.0% | 100.1% |
| Mid Cap | 0.0% | 0.0% |
| 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 Top 15 Equal Weight ETF | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 33.7% | 35.9% |
| It - Software | 13.4% | 0.0% |
| Automobiles | 13.3% | 4.9% |
| Diversified Fmcg | 13.2% | 0.0% |
| Petroleum Products | 6.6% | 9.2% |
| IT - Software | 0.0% | 9.2% |
| Telecom - Services | 6.7% | 6.4% |
| Construction | 6.6% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Top 15 Equal Weight ETF | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.47% |
| Base expense ratio (Direct) | 0.00% | 0.29% |
| Base expense ratio (Regular) | 0.30% | 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 Top 15 Equal Weight ETF vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Top 15 Equal Weight ETF and Zerodha BSE SENSEX Index Fund?
ICICI Prudential Nifty Top 15 Equal Weight ETF is an ETF fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 63.0%. ICICI Prudential Nifty Top 15 Equal Weight ETF charges 0.38% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, ICICI Prudential Nifty Top 15 Equal Weight ETF or Zerodha BSE SENSEX Index Fund?
ICICI Prudential Nifty Top 15 Equal Weight ETF charges less: 0.38% a year against 0.47%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Top 15 Equal Weight ETF and Zerodha BSE SENSEX Index Fund overlap?
63.0%. They hold 15 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Top 15 Equal Weight ETF and Zerodha BSE SENSEX Index Fund?
Yes. 63.0% 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 Zerodha BSE SENSEX Index Fund?
ICICI Prudential Nifty Top 15 Equal Weight ETF: Nishit Patel, Ashwini Bharucha, Venus Ahuja. Zerodha BSE SENSEX Index Fund: 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.