ICICI Prudential PSU Equity Fund vs Invesco India PSU Equity Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential PSU Equity Fund is a Thematic fund and Invesco India PSU Equity Fund is a Thematic fund. In the 3 years to 30-10-2026, ICICI Prudential PSU Equity Fund (Direct) returned 18.5% a year and Invesco India PSU Equity Fund (Direct) returned 17.4% a year. ICICI Prudential PSU Equity Fund charges 1.28% a year and Invesco India PSU Equity Fund 1.23% (Direct plans). Their portfolios overlap 35.6%: they hold 15 of the same securities.
ICICI Prudential PSU Equity Fund
Thematic
- 3 year return
- 18.5%
- Expense ratio
- 1.28%
- NAV
- ₹21.69
Invesco India PSU Equity Fund
Thematic
- 3 year return
- 17.4%
- Expense ratio
- 1.23%
- NAV
- ₹71.51
Which is better, ICICI Prudential PSU Equity or Invesco India PSU Equity? 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 PSU Equity returned more over 3 years: 18.5% a year against 17.4%.
- ICICI Prudential PSU Equity returned more over 1 year: −3.4% against −9.4%.
- Invesco India PSU Equity costs less: 1.23% a year against 1.28% (Direct plans).
- ICICI Prudential PSU Equity swung less over 3 years: a standard deviation of 18.1% a year against 21.9%.
- ICICI Prudential PSU Equity fell less in its worst fall since 13-09-2022: −23.0% against −29.8%.
- ICICI Prudential PSU Equity holds more in large companies: 72.8% of the fund in large caps against 50.8%.
- ICICI Prudential PSU Equity is the larger fund: ₹1,755 Cr against ₹1,361 Cr.
- Their portfolios overlap 35.6%: 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 PSU Equity Fund | Invesco India PSU Equity Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Invesco Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,755 Cr (30-09-2026) | ₹1,361 Cr (30-09-2026) |
| NAV | ₹21.69 (Direct) | ₹71.51 (Direct) |
| Expense ratio (Direct) | 1.28% | 1.23% |
| Expense ratio (Regular) | 2.33% | 2.41% |
| Riskometer | Not available | Very High |
| Benchmark | BSE PSU TRI | BSE PSU TRI |
| Launch date | 12-09-2022 | 18-11-2009 |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | None |
| Fund managers | Antariksha Banerjee | Hiten Jain, Sagar Gandhi |
| Exit load | • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 1 month from the date of allotment. • Nil - If the amount sought to be redeemed or switched out is invested for a period of more than 1 month from the date of allotment. | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. |
ICICI Prudential PSU Equity vs Invesco India PSU Equity: 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 PSU Equity Fund (Direct) | −2.34% | −5.49% | −8.21% | −3.39% | +18.54% | -- | -- |
| Invesco India PSU Equity Fund (Direct) | −3.83% | −7.59% | −11.28% | −9.40% | +17.36% | +18.62% | +15.26% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential PSU Equity vs Invesco India PSU Equity: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential PSU Equity | Invesco IndiaInvesco India PSU Equity | BSE PSU TRI |
|---|---|---|---|
| 2026to date | −2.74% | −9.44% | −6.20% |
| 2025 | +8.46% | +11.65% | +12.09% |
| 2024 | +25.98% | +27.29% | +24.34% |
| 2023 | +55.13% | +56.64% | +61.48% |
| 2022 | -- | +22.23% | +28.30% |
| 2021 | -- | +32.94% | +47.95% |
ICICI Prudential PSU Equity vs Invesco India PSU Equity: Rolling Returns
Every holding period of both funds, against BSE PSU TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 276 of them, one for each trading day from 15-09-2025 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 PSU Equity Fund (Direct)
Invesco India PSU Equity Fund (Direct)
BSE PSU TRI
to
Oct 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
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 PSU Equity | 0.0 | 0.0 | 0.0 | 0.0 | 8.7 | 19.9 | 71.4 | 26.7% | 27.7% | 17.8% | 32.7% | 4% |
| Invesco India PSU Equity | 0.0 | 0.0 | 0.0 | 0.0 | 12.3 | 17.0 | 70.7 | 27.7% | 29.3% | 16.8% | 34.8% | 0% |
| BSE PSU TRI | 0.0 | 0.0 | 0.0 | 0.0 | 8.0 | 9.1 | 83.0 | 29.7% | 30.9% | 17.9% | 38.0% | -- |
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 BSE PSU 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 13-09-2022. Past returns do not promise future returns.
ICICI Prudential PSU Equity vs Invesco India PSU Equity: 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 13-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential PSU EquityICICI Prudential PSU Equity Fund (Direct) | ₹5,00,000 | ₹6,54,029 | ₹1,54,029 | 12.9% |
| Invesco India PSU EquityInvesco India PSU Equity Fund (Direct) | ₹5,00,000 | ₹6,35,069 | ₹1,35,069 | 11.5% |
ICICI Prudential PSU EquityICICI Prudential PSU Equity Fund (Direct)
Invesco India PSU EquityInvesco India PSU Equity 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 PSU Equity vs Invesco India PSU Equity: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential PSU Equity Fund (Direct) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.39% | −9.40% |
| Standard deviation | 13.80% | 17.84% |
| Sharpe ratio | -0.63 | -0.82 |
| Sortino ratio | -0.83 | -1.08 |
| Maximum drawdown | −11.8% (23-10-2026) | −14.8% (23-10-2026) |
| Beta | 0.83 | 1.05 |
| Alpha | +0.22% | −3.51% |
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 PSU Equity Fund (Direct) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.54% | +17.36% |
| Standard deviation | 18.13% | 21.89% |
| Sharpe ratio | 0.69 | 0.52 |
| Sortino ratio | 0.92 | 0.68 |
| Maximum drawdown | −23.0% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.80 | 0.96 |
| Alpha | +2.09% | −1.14% |
From daily NAVs, 30-10-2023 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 PSU Equity Fund (Direct) | Invesco India PSU Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.57% | +14.97% |
| Standard deviation | 16.48% | 19.33% |
| Sharpe ratio | 0.87 | 0.46 |
| Sortino ratio | 1.18 | 0.62 |
| Maximum drawdown | −23.0% (28-02-2025) | −33.4% (24-03-2020) |
| Beta | 0.78 | 0.85 |
| Alpha | +1.98% | +5.25% |
From daily NAVs, 13-09-2022 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 PSU Equity Fund (Direct)
Invesco India PSU Equity Fund (Direct)
BSE PSU TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential PSU Equity Fund (Direct) | −23.0% | 01-08-2024 | 28-02-2025 | 10-02-2026 | 11 months | −10.2% |
| Invesco India PSU Equity Fund (Direct) | −29.8% | 15-07-2024 | 28-02-2025 | Not yet | -- | −13.9% |
| BSE PSU TRI | −29.0% | 31-07-2024 | 28-02-2025 | 09-02-2026 | 11 months | −14.8% |
From daily values since 13-09-2022, 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 PSU Equity Fund (Direct)
Invesco India PSU Equity Fund (Direct)
BSE PSU TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential PSU Equity Fund (Direct)
Invesco India PSU Equity Fund (Direct)
BSE PSU TRI
Against BSE PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential PSU Equity Fund (Direct) | 81% | 74% | 5.41% |
| Invesco India PSU Equity Fund (Direct) | 96% | 101% | 5.82% |
From month-end values since 13-09-2022. 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 PSU Equity vs Invesco India PSU Equity: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential PSU Equity Fund, September 2026; Invesco India PSU Equity Fund, September 2026
Holdings in common
- Overlap
- 35.6%
- Held by both
- 15
- Only in ICICI Prudential PSU Equity
- 30
- Only in Invesco India PSU Equity
- 15
| Security | % of ICICI Prudential PSU Equity | % of Invesco India PSU Equity |
|---|---|---|
| State Bank Of India | 17.55% | 7.46% |
| Bharat Electronics Ltd. | 6.29% | 5.71% |
| Bharat Petroleum Corporation Ltd. | 3.30% | 4.54% |
| Oil & Natural Gas Corporation Ltd. | 4.94% | 2.79% |
| Indian Railway Catering and Tourism Corporation Ltd. | 2.70% | 2.47% |
| NTPC Ltd. | 9.41% | 2.26% |
| SBI Life Insurance Company Ltd. | 2.17% | 3.94% |
| Bank Of Baroda | 2.13% | 3.34% |
| Hindustan Aeronautics Ltd. | 1.94% | 8.96% |
| GAIL (India) Ltd. | 1.26% | 2.83% |
| Coal India Ltd. | 3.46% | 1.24% |
| Indian Bank | 1.17% | 5.93% |
| National Aluminium Company Ltd. | 0.98% | 2.86% |
| Hindustan Petroleum Corporation Ltd. | 0.50% | 2.44% |
| Central Mine Planning & Design Institute Limited | 0.21% | 2.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.6% means 35.6% 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 PSU Equity Fund
| Security | % of fund |
|---|---|
| Power Grid Corporation Of India Ltd. | 7.92% |
| Life Insurance Corporation of India | 5.98% |
| Indian Oil Corporation Ltd. | 4.76% |
| Oil India Ltd. | 2.34% |
| General Insurance Corporation of India | 2.20% |
Largest holdings only in Invesco India PSU Equity Fund
| Security | % of fund |
|---|---|
| Dredging Corporation of India Limited | 5.82% |
| Container Corporation of India Limited | 4.07% |
| BEML Limited | 3.91% |
| Bharat Dynamics Limited | 3.85% |
| Honeywell Automation India Limited | 3.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential PSU Equity | Invesco India PSU Equity |
|---|---|---|
| Equity | 97.9% | 97.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 2.9% |
Market cap of stocks
| Market cap | ICICI Prudential PSU Equity | Invesco India PSU Equity |
|---|---|---|
| Large Cap | 72.8% | 50.8% |
| Mid Cap | 15.1% | 20.2% |
| Small Cap | 9.9% | 23.9% |
| Not on AMFI's list | 0.2% | 2.3% |
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 PSU Equity | Invesco India PSU Equity |
|---|---|---|
| Banks | 23.8% | 16.7% |
| Power | 21.3% | 4.8% |
| Aerospace & Defense | 8.7% | 18.5% |
| Insurance | 10.6% | 3.9% |
| Petroleum Products | 9.1% | 7.0% |
| Industrial Manufacturing | 0.0% | 7.3% |
| Oil | 7.3% | 2.8% |
| Engineering Services | 0.0% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential PSU Equity vs Invesco India PSU Equity: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential PSU Equity Fund | Invesco India PSU Equity Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.28% | 1.23% |
| Base expense ratio (Direct) | 0.86% | 0.83% |
| Total expense ratio (Regular) | 2.33% | 2.41% |
| Base expense ratio (Regular) | 1.79% | 1.85% |
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 ICICI Prudential PSU Equity with
Compare Invesco India PSU Equity with
ICICI Prudential PSU Equity Fund vs Invesco India PSU Equity Fund: Frequently Asked Questions
What is the difference between ICICI Prudential PSU Equity Fund and Invesco India PSU Equity Fund?
ICICI Prudential PSU Equity Fund is a Thematic fund, Invesco India PSU Equity Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 35.6%. ICICI Prudential PSU Equity Fund charges 1.28% a year and Invesco India PSU Equity Fund 1.23%.
Which has given higher returns, ICICI Prudential PSU Equity Fund or Invesco India PSU Equity Fund?
Over 1 year: ICICI Prudential PSU Equity Fund −3.39%, Invesco India PSU Equity Fund −9.40%. Over 3 years: ICICI Prudential PSU Equity Fund +18.54% a year, Invesco India PSU Equity Fund +17.36% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential PSU Equity Fund or Invesco India PSU Equity Fund?
Invesco India PSU Equity Fund charges less: 1.23% a year against 1.28%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential PSU Equity Fund and Invesco India PSU Equity Fund overlap?
35.6%. They hold 15 of the same securities, the largest shared ones being SBIN, BEL, BPCL. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential PSU Equity Fund or Invesco India PSU Equity Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,94,221 in ICICI Prudential PSU Equity Fund (XIRR 4.1% a year) and ₹3,78,460 in Invesco India PSU Equity Fund (XIRR 1.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential PSU Equity Fund and Invesco India PSU Equity Fund?
Yes. 35.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential PSU Equity Fund and Invesco India PSU Equity Fund?
ICICI Prudential PSU Equity Fund: Antariksha Banerjee. Invesco India PSU Equity Fund: Hiten Jain, Sagar Gandhi.
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.