ICICI Prudential Nifty Top 15 Equal Weight Index Fund vs Invesco India Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty Top 15 Equal Weight Index Fund is an Index fund and Invesco India Equity Savings Fund is an Equity Savings fund. In the year to 30-10-2026, ICICI Prudential Nifty Top 15 Equal Weight Index Fund (Direct) returned −12.3% and Invesco India Equity Savings Fund (Direct) returned −1.5%. ICICI Prudential Nifty Top 15 Equal Weight Index Fund charges 0.48% a year and Invesco India Equity Savings Fund 1.51% (Direct plans). Their portfolios overlap 37.8%: they hold 11 of the same securities.
ICICI Prudential Nifty Top 15 Equal Weight Index Fund
Index
- 1 year return
- −12.3%
- Expense ratio
- 0.48%
- NAV
- ₹9.12
Invesco India Equity Savings Fund
Equity Savings
- 1 year return
- −1.5%
- Expense ratio
- 1.51%
- NAV
- ₹18.77
Which is better, ICICI Prudential Nifty Top 15 Equal Weight Index or Invesco India Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Equity Savings returned more over 1 year: −1.5% against −12.3%.
- ICICI Prudential Nifty Top 15 Equal Weight Index costs less: 0.48% a year against 1.51% (Direct plans).
- Invesco India Equity Savings fell less in its worst fall since 27-06-2025: −6.8% against −18.1%.
- ICICI Prudential Nifty Top 15 Equal Weight Index holds more in large companies: 99.8% of the fund in large caps against 50.6%.
- Invesco India Equity Savings is the larger fund: ₹268 Cr against ₹34 Cr.
- Their portfolios overlap 37.8%: 11 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 Index Fund | Invesco India Equity Savings Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Invesco Mutual Fund |
| Category | Index | Equity Savings |
| AUM | ₹34 Cr (30-09-2026) | ₹268 Cr (30-09-2026) |
| NAV | ₹9.12 (Direct) | ₹18.77 (Direct) |
| Expense ratio (Direct) | 0.48% | 1.51% |
| Expense ratio (Regular) | 1.02% | 2.97% |
| Riskometer | Not available | Moderate |
| Benchmark | Nifty Top 15 Equal Weight TRI | Nifty Equity Savings Index |
| Launch date | 26-06-2025 | 07-03-2019 |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Shinde, Venus Ahuja | Krishna Cheemalapati, Deepak Gupta, Amey Sathe |
| Exit load | Nil | Exit load of 0.25% if redeemed within 1 month. |
ICICI Prudential Nifty Top 15 Equal Weight Index vs Invesco India Equity Savings: 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 Index Fund (Direct) | +3.84% | −4.55% | −3.10% | −12.32% | -- | -- | -- |
| Invesco India Equity Savings Fund (Direct) | +0.16% | −0.83% | +2.49% | −1.47% | +8.51% | +7.22% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
ICICI Prudential Nifty Top 15 Equal Weight Index vs Invesco India Equity Savings: Year-wise Returns
| Year | ICICI Prudential Nifty Top 15 Equal Weight IndexICICI Prudential Nifty Top 15 Equal Weight Index | Invesco India Equity SavingsInvesco India Equity Savings |
|---|---|---|
| 2026to date | −13.81% | −0.44% |
| 2025 | -- | +1.97% |
| 2024 | -- | +18.39% |
| 2023 | -- | +17.28% |
| 2022 | -- | +0.11% |
| 2021 | -- | +12.22% |
ICICI Prudential Nifty Top 15 Equal Weight Index vs Invesco India Equity Savings: 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 Index Fund
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 Index Fund (Direct)
Invesco India Equity Savings 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 Index | 90.6 | 9.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.5% | −5.5% | −14.5% | 1.7% | 0% |
| Invesco India Equity Savings | 64.7 | 35.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −0.3% | −0.6% | −2.2% | 2.0% | 95% |
| 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 Index vs Invesco India Equity Savings: 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 IndexICICI Prudential Nifty Top 15 Equal Weight Index Fund (Direct) | ₹1,70,000 | ₹1,59,737 | −₹10,263 | −8.1% |
| Invesco India Equity SavingsInvesco India Equity Savings Fund (Direct) | ₹1,70,000 | ₹1,70,443 | ₹443 | 0.3% |
ICICI Prudential Nifty Top 15 Equal Weight IndexICICI Prudential Nifty Top 15 Equal Weight Index Fund (Direct)
Invesco India Equity SavingsInvesco India Equity Savings 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 Index vs Invesco India Equity Savings: 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 Index Fund (Direct) | Invesco India Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −12.32% | −1.47% |
| Standard deviation | 14.52% | 5.10% |
| Sharpe ratio | -1.21 | -1.32 |
| Sortino ratio | -1.63 | -1.78 |
| Maximum drawdown | −18.1% (08-10-2026) | −6.6% (30-03-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.30% | -- |
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 Index Fund (Direct) | Invesco India Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.82% | +8.59% |
| Standard deviation | 13.27% | 6.04% |
| Sharpe ratio | -0.91 | 0.56 |
| Sortino ratio | -1.24 | 0.76 |
| Maximum drawdown | −18.1% (08-10-2026) | −13.6% (23-03-2020) |
| Beta | 0.99 | -- |
| Alpha | −0.37% | -- |
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 Index Fund (Direct)
Invesco India Equity Savings 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 Index Fund (Direct) | −18.1% | 05-12-2025 | 08-10-2026 | Not yet | -- | −14.2% |
| Invesco India Equity Savings Fund (Direct) | −6.8% | 29-10-2025 | 30-03-2026 | 03-08-2026 | 4 months | −1.8% |
| 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 Index Fund (Direct)
Invesco India Equity Savings 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 Index Fund (Direct) | 98% | 100% | 0.26% |
| Invesco India Equity Savings Fund (Direct) | 27% | 25% | 12.71% |
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 Index vs Invesco India Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty Top 15 Equal Weight Index Fund, September 2026; Invesco India Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 37.8%
- Held by both
- 11
- Only in ICICI Prudential Nifty Top 15 Equal Weight Index
- 4
- Only in Invesco India Equity Savings
- 42
| Security | % of ICICI Prudential Nifty Top 15 Equal Weight Index | % of Invesco India Equity Savings |
|---|---|---|
| Axis Bank Ltd. | 6.79% | 7.20% |
| HDFC Bank Ltd. | 6.52% | 7.47% |
| Kotak Mahindra Bank Ltd. | 6.99% | 6.30% |
| Reliance Industries Ltd. | 6.55% | 5.29% |
| ICICI Bank Ltd. | 6.74% | 3.72% |
| Infosys Ltd. | 6.73% | 2.62% |
| Hindustan Unilever Ltd. | 6.54% | 2.37% |
| Bharti Airtel Ltd. | 6.66% | 1.62% |
| State Bank Of India | 6.61% | 1.61% |
| Maruti Suzuki India Ltd. | 6.71% | 0.58% |
| Bajaj Finance Ltd. | 6.51% | 0.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.8% means 37.8% 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 Top 15 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 6.67% |
| ITC Ltd. | 6.61% |
| Mahindra & Mahindra Ltd. | 6.58% |
| Larsen & Toubro Ltd. | 6.56% |
Largest holdings only in Invesco India Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.49% Small Industries Dev Bank of India 2029 | 5.54% |
| Invesco India Liquid Fund - Direct Plan - Growth | 4.74% |
| United Spirits Limited | 4.10% |
| 6.94% Government of India 2036 | 4.03% |
| Invesco India Short Term Fund - Direct Plan - Growth | 2.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty Top 15 Equal Weight Index | Invesco India Equity Savings |
|---|---|---|
| Equity | 99.8% | 65.9% |
| Debt | 0.0% | 17.3% |
| Cash and others | 0.2% | 16.8% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty Top 15 Equal Weight Index | Invesco India Equity Savings |
|---|---|---|
| Large Cap | 99.8% | 50.6% |
| Mid Cap | 0.0% | 9.4% |
| Small Cap | 0.0% | 5.9% |
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 Top 15 Equal Weight Index | Invesco India Equity Savings |
|---|---|---|
| Banks | 33.6% | 29.1% |
| It - Software | 13.4% | 0.0% |
| Automobiles | 13.3% | 2.5% |
| Diversified Fmcg | 13.2% | 0.0% |
| Telecom - Services | 6.7% | 2.2% |
| Construction | 6.6% | 0.0% |
| Petroleum Products | 6.5% | 5.3% |
| Beverages | 0.0% | 4.1% |
| Cement & Cement Products | 0.0% | 2.9% |
| IT - Software | 0.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty Top 15 Equal Weight Index vs Invesco India Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty Top 15 Equal Weight Index Fund | Invesco India Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.48% | 1.51% |
| Base expense ratio (Direct) | 0.30% | 0.79% |
| Total expense ratio (Regular) | 1.02% | 2.97% |
| Base expense ratio (Regular) | 0.76% | 2.06% |
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 Invesco India Equity Savings with
ICICI Prudential Nifty Top 15 Equal Weight Index Fund vs Invesco India Equity Savings Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty Top 15 Equal Weight Index Fund and Invesco India Equity Savings Fund?
ICICI Prudential Nifty Top 15 Equal Weight Index Fund is an Index fund, Invesco India Equity Savings Fund is an Equity Savings fund, run by ICICI Prudential Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 37.8%. ICICI Prudential Nifty Top 15 Equal Weight Index Fund charges 0.48% a year and Invesco India Equity Savings Fund 1.51%.
Which has given higher returns, ICICI Prudential Nifty Top 15 Equal Weight Index Fund or Invesco India Equity Savings Fund?
Over 1 year: ICICI Prudential Nifty Top 15 Equal Weight Index Fund −12.32%, Invesco India Equity Savings Fund −1.47%. 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 Index Fund or Invesco India Equity Savings Fund?
ICICI Prudential Nifty Top 15 Equal Weight Index Fund charges less: 0.48% a year against 1.51%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty Top 15 Equal Weight Index Fund and Invesco India Equity Savings Fund overlap?
37.8%. They hold 11 of the same securities, the largest shared ones being AXISBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty Top 15 Equal Weight Index Fund and Invesco India Equity Savings Fund?
Yes. 37.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Nifty Top 15 Equal Weight Index Fund and Invesco India Equity Savings Fund?
ICICI Prudential Nifty Top 15 Equal Weight Index Fund: Nishit Patel, Ashwini Shinde, Venus Ahuja. Invesco India Equity Savings Fund: Krishna Cheemalapati, Deepak Gupta, Amey Sathe.
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.