ICICI Prudential Nifty50 Equal Weight Index Fund vs SBI Nifty50 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty50 Equal Weight Index Fund is an Index fund and SBI Nifty50 Equal Weight ETF is a mutual fund. In the year to 30-10-2026, ICICI Prudential Nifty50 Equal Weight Index Fund (Direct) returned −5.2% and SBI Nifty50 Equal Weight ETF (Regular) returned −5.0%. ICICI Prudential Nifty50 Equal Weight Index Fund charges 0.38% a year and SBI Nifty50 Equal Weight ETF 0.22%. Their portfolios overlap 99.9%: they hold 50 of the same securities.
ICICI Prudential Nifty50 Equal Weight Index Fund
Index
- 1 year return
- −5.2%
- Expense ratio
- 0.38%
- NAV
- ₹16.31
SBI Nifty50 Equal Weight ETF
- 1 year return
- −5.0%
- Expense ratio
- 0.22%
- NAV
- ₹31.71
Which is better, ICICI Prudential Nifty50 Equal Weight Index or SBI Nifty50 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty50 Equal Weight ETF returned more over 1 year: −5.0% against −5.2%.
- SBI Nifty50 Equal Weight ETF costs less: 0.22% a year against 0.38%.
- SBI Nifty50 Equal Weight ETF fell less in its worst fall since 22-07-2024: −18.0% against −18.1%.
- ICICI Prudential Nifty50 Equal Weight Index is the larger fund: ₹267 Cr against ₹38 Cr.
- Their portfolios overlap 99.9%: 50 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 Nifty50 Equal Weight Index Fund | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹267 Cr (30-09-2026) | ₹38 Cr (30-09-2026) |
| NAV | ₹16.31 (Direct) | ₹31.71 (Regular) |
| Expense ratio (Direct) | 0.38% | Not available |
| Expense ratio (Regular) | 1.06% | 0.22% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY 50 Equal Weight TRI | Not available |
| Launch date | 03-10-2022 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Nishit Patel, Ashwini Bharucha, Venus Ahuja | Not available |
| Exit load | Nil | Not available |
ICICI Prudential Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight 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 Nifty50 Equal Weight Index Fund (Direct) | +0.96% | −6.20% | −2.82% | −5.19% | +11.22% | -- | -- |
| SBI Nifty50 Equal Weight ETF (Regular) | +0.99% | −6.16% | −2.76% | −5.04% | -- | -- | -- |
ICICI Prudential Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Year-wise Returns
| Year | ICICI Prudential Nifty50 Equal Weight IndexICICI Prudential Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF | NIFTY50 Equal Weight TRI |
|---|---|---|---|
| 2026to date | −5.87% | −5.78% | −5.56% |
| 2025 | +14.28% | +14.41% | +14.81% |
| 2024 | +10.14% | -- | +10.84% |
| 2023 | +30.21% | -- | +31.04% |
ICICI Prudential Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 313 of them, one for each trading day from 22-07-2025 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 Nifty50 Equal Weight Index Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
NIFTY50 Equal Weight TRI
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 Nifty50 Equal Weight Index | 21.7 | 25.9 | 24.6 | 21.1 | 6.7 | 0.0 | 0.0 | 5.8% | 5.3% | −7.7% | 19.4% | 0% |
| SBI Nifty50 Equal Weight ETF | 20.1 | 26.0 | 25.4 | 21.3 | 6.9 | 0.3 | 0.0 | 6.0% | 5.5% | −7.6% | 20.9% | 0% |
| NIFTY50 Equal Weight TRI | 16.9 | 26.5 | 26.2 | 21.7 | 8.6 | 0.0 | 0.0 | 6.3% | 5.8% | −7.3% | 19.9% | -- |
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 NIFTY50 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 22-07-2024. Past returns do not promise future returns.
ICICI Prudential Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: 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 01-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Nifty50 Equal Weight IndexICICI Prudential Nifty50 Equal Weight Index Fund (Direct) | ₹2,80,000 | ₹2,80,619 | ₹619 | 0.2% |
| SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF (Regular) | ₹2,80,000 | ₹2,80,941 | ₹941 | 0.3% |
ICICI Prudential Nifty50 Equal Weight IndexICICI Prudential Nifty50 Equal Weight Index Fund (Direct)
SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF (Regular)
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 Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Nifty50 Equal Weight Index Fund (Direct) | SBI Nifty50 Equal Weight ETF (Regular) |
|---|---|---|
| Return (CAGR) | −5.19% | −5.04% |
| Standard deviation | 13.69% | 13.88% |
| Sharpe ratio | -0.76 | -0.74 |
| Sortino ratio | -1.01 | -0.98 |
| Maximum drawdown | −12.4% (31-03-2026) | −12.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.44% | −0.28% |
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 Nifty50 Equal Weight Index Fund (Direct) | SBI Nifty50 Equal Weight ETF (Regular) |
|---|---|---|
| Return (CAGR) | +12.22% | +1.07% |
| Standard deviation | 12.60% | 13.55% |
| Sharpe ratio | 0.48 | -0.35 |
| Sortino ratio | 0.67 | -0.48 |
| Maximum drawdown | −18.1% (28-02-2025) | −18.0% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.56% | −0.34% |
From daily NAVs, 04-10-2022 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 Nifty50 Equal Weight Index Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
NIFTY50 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty50 Equal Weight Index Fund (Direct) | −18.1% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.1% |
| SBI Nifty50 Equal Weight ETF (Regular) | −18.0% | 27-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −8.1% |
| NIFTY50 Equal Weight TRI | −17.9% | 27-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −8.0% |
From daily values since 22-07-2024, 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 Nifty50 Equal Weight Index Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
NIFTY50 Equal Weight TRI
Against NIFTY50 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Nifty50 Equal Weight Index Fund (Direct) | 98% | 101% | 0.10% |
| SBI Nifty50 Equal Weight ETF (Regular) | 99% | 100% | 0.04% |
From month-end values since 22-07-2024. 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 Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty50 Equal Weight Index Fund, September 2026; SBI Nifty50 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 50
- Only in ICICI Prudential Nifty50 Equal Weight Index
- 0
- Only in SBI Nifty50 Equal Weight ETF
- 0
| Security | % of ICICI Prudential Nifty50 Equal Weight Index | % of SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Kotak Mahindra Bank Ltd. | 2.11% | 2.11% |
| Dr. Reddy's Laboratories Ltd. | 2.10% | 2.10% |
| Interglobe Aviation Ltd. | 2.06% | 2.06% |
| Adani Ports and Special Economic Zone Ltd. | 2.06% | 2.06% |
| Axis Bank Ltd. | 2.05% | 2.05% |
| Coal India Ltd. | 2.04% | 2.04% |
| ICICI Bank Ltd. | 2.04% | 2.04% |
| Adani Enterprises Ltd. | 2.04% | 2.04% |
| Infosys Ltd. | 2.03% | 2.04% |
| Maruti Suzuki India Ltd. | 2.03% | 2.03% |
| Shriram Finance Ltd. | 2.02% | 2.02% |
| NTPC Ltd. | 2.02% | 2.02% |
| Bharat Electronics Ltd. | 2.02% | 2.02% |
| Tata Consultancy Services Ltd. | 2.02% | 2.02% |
| Tech Mahindra Ltd. | 2.02% | 2.02% |
| Bharti Airtel Ltd. | 2.01% | 2.02% |
| Asian Paints Ltd. | 2.01% | 2.01% |
| Trent Ltd. | 2.01% | 2.01% |
| Ultratech Cement Ltd. | 2.01% | 2.01% |
| HDFC Life Insurance Company Ltd. | 2.01% | 2.01% |
| JSW Steel Ltd. | 2.01% | 2.01% |
| Sun Pharmaceutical Industries Ltd. | 2.01% | 2.01% |
| Tata Steel Ltd. | 2.01% | 2.01% |
| HCL Technologies Ltd. | 2.00% | 2.00% |
| Bajaj Finserv Ltd. | 2.00% | 2.00% |
| ITC Ltd. | 2.00% | 2.00% |
| Tata Motors Passenger Vehicles Ltd. | 2.00% | 2.00% |
| State Bank Of India | 2.00% | 2.00% |
| SBI Life Insurance Company Ltd. | 1.99% | 1.99% |
| Mahindra & Mahindra Ltd. | 1.99% | 1.99% |
| Eicher Motors Ltd. | 1.99% | 1.99% |
| Larsen & Toubro Ltd. | 1.99% | 1.99% |
| BSE Ltd. | 1.98% | 1.98% |
| Reliance Industries Ltd. | 1.98% | 1.98% |
| Hindustan Unilever Ltd. | 1.98% | 1.98% |
| Power Grid Corporation Of India Ltd. | 1.98% | 1.98% |
| Tata Consumer Products Ltd. | 1.98% | 1.98% |
| Bajaj Auto Ltd. | 1.97% | 1.98% |
| Hindalco Industries Ltd. | 1.97% | 1.97% |
| HDFC Bank Ltd. | 1.97% | 1.97% |
| Bajaj Finance Ltd. | 1.97% | 1.97% |
| Cipla Ltd. | 1.97% | 1.97% |
| Nestle India Ltd. | 1.97% | 1.97% |
| Grasim Industries Ltd. | 1.96% | 1.96% |
| Oil & Natural Gas Corporation Ltd. | 1.96% | 1.96% |
| Jio Financial Services Ltd | 1.96% | 1.96% |
| Eternal Ltd. | 1.96% | 1.96% |
| Titan Company Ltd. | 1.92% | 1.92% |
| Apollo Hospitals Enterprise Ltd. | 1.88% | 1.88% |
| MAX Healthcare Institute Ltd | 1.88% | 1.88% |
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 Nifty50 Equal Weight Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty50 Equal Weight 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 Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Equity | 99.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Large Cap | 96.0% | 96.0% |
| Mid Cap | 4.0% | 4.0% |
| 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 Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Banks | 10.2% | 10.2% |
| Automobiles | 10.0% | 10.0% |
| IT - Software | 0.0% | 8.1% |
| It - Software | 8.1% | 0.0% |
| Finance | 8.0% | 8.0% |
| Pharmaceuticals & Biotechnology | 6.1% | 6.1% |
| Ferrous Metals | 4.0% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty50 Equal Weight Index Fund | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | Not available |
| Base expense ratio (Direct) | 0.22% | 0.00% |
| Total expense ratio (Regular) | 1.06% | 0.22% |
| Base expense ratio (Regular) | 0.80% | 0.15% |
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 Nifty50 Equal Weight Index Fund vs SBI Nifty50 Equal Weight ETF: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF?
ICICI Prudential Nifty50 Equal Weight Index Fund is an Index fund, SBI Nifty50 Equal Weight ETF is a mutual fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 99.9%. ICICI Prudential Nifty50 Equal Weight Index Fund charges 0.38% a year and SBI Nifty50 Equal Weight ETF 0.22%.
Which has given higher returns, ICICI Prudential Nifty50 Equal Weight Index Fund or SBI Nifty50 Equal Weight ETF?
Over 1 year: ICICI Prudential Nifty50 Equal Weight Index Fund −5.19%, SBI Nifty50 Equal Weight ETF −5.04%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Nifty50 Equal Weight Index Fund or SBI Nifty50 Equal Weight ETF?
SBI Nifty50 Equal Weight ETF charges less: 0.22% a year against 0.38%. These are the total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF overlap?
99.9%. They hold 50 of the same securities, the largest shared ones being KOTAKBANK, DRREDDY, INDIGO. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF?
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.