ICICI Prudential Nifty50 Value 20 Index Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Nifty50 Value 20 Index Fund is an Index fund and Zerodha BSE SENSEX Index Fund is an Index fund. ICICI Prudential Nifty50 Value 20 Index Fund charges 0.49% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 62.1%: they hold 14 of the same securities.
ICICI Prudential Nifty50 Value 20 Index Fund
Index
- Expense ratio
- 0.49%
- NAV
- ₹9.73
Which is better, ICICI Prudential Nifty50 Value 20 Index 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.
- Zerodha BSE SENSEX Index costs less: 0.47% a year against 0.49% (Direct plans).
- Zerodha BSE SENSEX Index fell less in its worst fall since 10-11-2025: −16.1% against −17.5%.
- ICICI Prudential Nifty50 Value 20 Index is the larger fund: ₹95 Cr against ₹19 Cr.
- Their portfolios overlap 62.1%: 14 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 Value 20 Index Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Zerodha Mutual Fund |
| Category | Index | Index |
| AUM | ₹95 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹9.73 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 0.49% | 0.47% |
| Expense ratio (Regular) | 0.88% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty50 Value 20 TRI | BSE SENSEX TRI |
| Launch date | 02-02-2024 | 06-11-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nishit Patel, Ashwini Shinde | Kedarnath Mirajkar |
| Exit load | Nil | Nil |
ICICI Prudential Nifty50 Value 20 Index 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 Nifty50 Value 20 Index Fund (Direct) | +2.08% | −4.95% | −6.80% | −12.07% | -- | -- | -- |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
ICICI Prudential Nifty50 Value 20 Index vs Zerodha BSE SENSEX Index: Year-wise Returns
| Year | ICICI Prudential Nifty50 Value 20ICICI Prudential Nifty50 Value 20 Index | Zerodha BSE SENSEXZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | −13.75% | −12.06% |
| 2025 | +0.59% | -- |
ICICI Prudential Nifty50 Value 20 Index vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against Nifty50 Value 20 TRI, the benchmark of ICICI Prudential Nifty50 Value 20 Index Fund
ICICI Prudential Nifty50 Value 20 Index 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 Nifty50 Value 20 Index Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.00% | −10.70% |
| Standard deviation | 13.21% | 14.00% |
| Sharpe ratio | -0.52 | -1.14 |
| Sortino ratio | -0.72 | -1.53 |
| Maximum drawdown | −22.7% (08-10-2026) | −16.1% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | −0.40% |
From daily NAVs, 05-02-2024 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 Value 20 Index Fund (Direct)
Zerodha BSE SENSEX Index Fund (Direct)
Nifty50 Value 20 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Nifty50 Value 20 Index Fund (Direct) | −17.5% | 07-01-2026 | 08-10-2026 | Not yet | -- | −14.5% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| Nifty50 Value 20 TRI | −17.2% | 07-01-2026 | 08-10-2026 | Not yet | -- | −14.2% |
From daily values since 10-11-2025, the first day every fund has.
ICICI Prudential Nifty50 Value 20 Index vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Nifty50 Value 20 Index Fund, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 62.1%
- Held by both
- 14
- Only in ICICI Prudential Nifty50 Value 20 Index
- 6
- Only in Zerodha BSE SENSEX Index
- 16
| Security | % of ICICI Prudential Nifty50 Value 20 Index | % of Zerodha BSE SENSEX Index |
|---|---|---|
| HDFC Bank Ltd. | 14.73% | 12.59% |
| ICICI Bank Ltd. | 11.34% | 11.04% |
| Reliance Industries Ltd. | 12.15% | 9.16% |
| State Bank Of India | 9.11% | 4.64% |
| Infosys Ltd. | 6.52% | 4.09% |
| Axis Bank Ltd. | 5.40% | 4.08% |
| Kotak Mahindra Bank Ltd. | 3.76% | 3.58% |
| ITC Ltd. | 5.58% | 2.97% |
| Tata Consultancy Services Ltd. | 3.68% | 2.42% |
| NTPC Ltd. | 3.22% | 1.78% |
| Tata Steel Ltd. | 2.31% | 1.77% |
| HCL Technologies Ltd. | 2.25% | 1.51% |
| Power Grid Corporation Of India Ltd. | 2.14% | 1.38% |
| Bajaj Finserv Ltd. | 1.25% | 1.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.1% means 62.1% 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 Nifty50 Value 20 Index Fund
| Security | % of fund |
|---|---|
| Oil & Natural Gas Corporation Ltd. | 4.15% |
| Coal India Ltd. | 3.38% |
| Tata Motors Passenger Vehicles Ltd. | 3.21% |
| Hindalco Industries Ltd. | 2.70% |
| Grasim Industries Ltd. | 2.07% |
Largest holdings only in Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 6.39% |
| Larsen & Toubro Limited | 5.11% |
| Mahindra & Mahindra Limited | 3.08% |
| Bajaj Finance Limited | 3.00% |
| Eternal Limited | 2.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Nifty50 Value 20 Index | 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 Nifty50 Value 20 Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 99.0% | 100.1% |
| Mid Cap | 1.0% | 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 Nifty50 Value 20 Index | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 44.4% | 35.9% |
| It - Software | 12.4% | 0.0% |
| Petroleum Products | 12.2% | 9.2% |
| IT - Software | 0.0% | 9.2% |
| Telecom - Services | 0.0% | 6.4% |
| Diversified Fmcg | 5.6% | 0.0% |
| Power | 5.4% | 3.2% |
| Construction | 0.0% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
| Oil | 4.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Nifty50 Value 20 Index vs Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Nifty50 Value 20 Index Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.49% | 0.47% |
| Base expense ratio (Direct) | 0.21% | 0.29% |
| Total expense ratio (Regular) | 0.88% | Not available |
| Base expense ratio (Regular) | 0.54% | 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 Nifty50 Value 20 Index Fund vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Nifty50 Value 20 Index Fund and Zerodha BSE SENSEX Index Fund?
ICICI Prudential Nifty50 Value 20 Index Fund is an Index fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 62.1%. ICICI Prudential Nifty50 Value 20 Index Fund charges 0.49% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, ICICI Prudential Nifty50 Value 20 Index Fund or Zerodha BSE SENSEX Index Fund?
Zerodha BSE SENSEX Index Fund charges less: 0.47% a year against 0.49%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Nifty50 Value 20 Index Fund and Zerodha BSE SENSEX Index Fund overlap?
62.1%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Nifty50 Value 20 Index Fund and Zerodha BSE SENSEX Index Fund?
Yes. 62.1% 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 Nifty50 Value 20 Index Fund and Zerodha BSE SENSEX Index Fund?
ICICI Prudential Nifty50 Value 20 Index Fund: Nishit Patel, Ashwini Shinde. 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.