ICICI Prudential PSU Equity Fund vs Kotak BSE PSU Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential PSU Equity Fund is a Thematic fund and Kotak BSE PSU Index Fund is an Index fund. In the year to 30-10-2026, ICICI Prudential PSU Equity Fund (Direct) returned −3.4% and Kotak BSE PSU Index Fund (Direct) returned −5.8%. ICICI Prudential PSU Equity Fund charges 1.28% a year and Kotak BSE PSU Index Fund 0.47% (Direct plans). Their portfolios overlap 67.7%: they hold 31 of the same securities.
ICICI Prudential PSU Equity Fund
Thematic
- 1 year return
- −3.4%
- Expense ratio
- 1.28%
- NAV
- ₹21.69
Kotak BSE PSU Index Fund
Index
- 1 year return
- −5.8%
- Expense ratio
- 0.47%
- NAV
- ₹8.70
Which is better, ICICI Prudential PSU Equity or Kotak BSE PSU 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 PSU Equity returned more over 1 year: −3.4% against −5.8%.
- Kotak BSE PSU Index costs less: 0.47% a year against 1.28% (Direct plans).
- ICICI Prudential PSU Equity fell less in its worst fall since 05-08-2024: −21.3% against −26.8%.
- ICICI Prudential PSU Equity is the larger fund: ₹1,755 Cr against ₹76 Cr.
- Their portfolios overlap 67.7%: 31 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 | Kotak BSE PSU Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹1,755 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹21.69 (Direct) | ₹8.70 (Direct) |
| Expense ratio (Direct) | 1.28% | 0.47% |
| Expense ratio (Regular) | 2.33% | 1.12% |
| Riskometer | Not available | Very High |
| Benchmark | BSE PSU TRI | BSE PSU TRI |
| Launch date | 12-09-2022 | 31-07-2024 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Antariksha Banerjee | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| 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. | Nil |
ICICI Prudential PSU Equity vs Kotak BSE PSU 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 PSU Equity Fund (Direct) | −2.34% | −5.49% | −8.21% | −3.39% | +18.54% | -- | -- |
| Kotak BSE PSU Index Fund (Direct) | −2.59% | −7.11% | −12.45% | −5.83% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential PSU Equity vs Kotak BSE PSU Index: Year-wise Returns
| Year | ICICI Prudential PSU EquityICICI Prudential PSU Equity | Kotak BSE PSU IndexKotak BSE PSU Index | BSE PSU TRI |
|---|---|---|---|
| 2026to date | −2.74% | −6.53% | −6.20% |
| 2025 | +8.46% | +11.59% | +12.09% |
| 2024 | +25.98% | -- | +24.34% |
| 2023 | +55.13% | -- | +61.48% |
ICICI Prudential PSU Equity vs Kotak BSE PSU Index: Rolling Returns
Every holding period of both funds, against BSE PSU TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 303 of them, one for each trading day from 05-08-2025 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)
Kotak BSE PSU Index Fund (Direct)
BSE PSU TRI
to
Sept 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 PSU Equity | 24.1 | 11.9 | 30.0 | 20.1 | 6.6 | 3.3 | 4.0 | 6.9% | 7.2% | −10.6% | 30.7% | 22% |
| Kotak BSE PSU Index | 24.4 | 10.2 | 20.8 | 20.5 | 7.3 | 7.3 | 9.6 | 8.9% | 8.4% | −14.4% | 42.0% | 0% |
| BSE PSU TRI | 23.4 | 10.2 | 20.1 | 21.5 | 5.9 | 8.9 | 9.9 | 9.4% | 8.9% | −14.0% | 42.6% | -- |
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 05-08-2024. Past returns do not promise future returns.
ICICI Prudential PSU Equity vs Kotak BSE PSU Index: 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 01-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential PSU EquityICICI Prudential PSU Equity Fund (Direct) | ₹2,70,000 | ₹2,68,749 | −₹1,251 | −0.4% |
| Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct) | ₹2,70,000 | ₹2,63,507 | −₹6,493 | −2.1% |
ICICI Prudential PSU EquityICICI Prudential PSU Equity Fund (Direct)
Kotak BSE PSU IndexKotak BSE PSU Index 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 Kotak BSE PSU Index: 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) | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.39% | −5.83% |
| Standard deviation | 13.80% | 16.20% |
| Sharpe ratio | -0.63 | -0.68 |
| Sortino ratio | -0.83 | -0.89 |
| Maximum drawdown | −11.8% (23-10-2026) | −16.4% (23-10-2026) |
| Beta | 0.83 | 1.00 |
| Alpha | +0.22% | −0.44% |
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) | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.57% | −3.44% |
| Standard deviation | 16.48% | 18.50% |
| Sharpe ratio | 0.87 | -0.50 |
| Sortino ratio | 1.18 | -0.66 |
| Maximum drawdown | −23.0% (28-02-2025) | −26.8% (28-02-2025) |
| Beta | 0.78 | 1.00 |
| Alpha | +1.98% | −0.47% |
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)
Kotak BSE PSU Index 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) | −21.3% | 02-09-2024 | 28-02-2025 | 04-02-2026 | 11 months | −10.2% |
| Kotak BSE PSU Index Fund (Direct) | −26.8% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −15.0% |
| BSE PSU TRI | −26.7% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −14.8% |
From daily values since 05-08-2024, 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 PSU Equity Fund (Direct)
Kotak BSE PSU Index Fund (Direct)
BSE PSU TRI
Against BSE PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential PSU Equity Fund (Direct) | 78% | 76% | 4.94% |
| Kotak BSE PSU Index Fund (Direct) | 99% | 101% | 0.06% |
From month-end values since 05-08-2024. 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 PSU Equity vs Kotak BSE PSU Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential PSU Equity Fund, September 2026; Kotak BSE PSU Index Fund, September 2026
Holdings in common
- Overlap
- 67.7%
- Held by both
- 31
- Only in ICICI Prudential PSU Equity
- 14
- Only in Kotak BSE PSU Index
- 30
| Security | % of ICICI Prudential PSU Equity | % of Kotak BSE PSU Index |
|---|---|---|
| State Bank Of India | 17.55% | 19.12% |
| NTPC Ltd. | 9.41% | 7.33% |
| Bharat Electronics Ltd. | 6.29% | 6.69% |
| Power Grid Corporation Of India Ltd. | 7.92% | 5.69% |
| Oil & Natural Gas Corporation Ltd. | 4.94% | 4.20% |
| Coal India Ltd. | 3.46% | 4.89% |
| Bharat Petroleum Corporation Ltd. | 3.30% | 2.83% |
| Life Insurance Corporation of India | 5.98% | 2.63% |
| Indian Oil Corporation Ltd. | 4.76% | 2.36% |
| Bank Of Baroda | 2.13% | 2.06% |
| Hindustan Aeronautics Ltd. | 1.94% | 4.18% |
| NHPC Ltd. | 2.10% | 1.30% |
| GAIL (India) Ltd. | 1.26% | 2.20% |
| Indian Bank | 1.17% | 1.35% |
| Oil India Ltd. | 2.34% | 1.15% |
| National Aluminium Company Ltd. | 0.98% | 1.48% |
| Bank Of India | 1.37% | 0.77% |
| Indian Railway Catering and Tourism Corporation Ltd. | 2.70% | 0.66% |
| General Insurance Corporation of India | 2.20% | 0.64% |
| Hindustan Petroleum Corporation Ltd. | 0.50% | 1.61% |
| Gujarat Gas Ltd. | 0.93% | 0.48% |
| Canara Bank | 0.48% | 1.92% |
| NLC India Ltd. | 0.52% | 0.45% |
| Engineers India Ltd. | 1.10% | 0.41% |
| Central Bank Of India | 1.14% | 0.25% |
| NMDC Steel Ltd. | 0.36% | 0.23% |
| SJVN Ltd. | 1.33% | 0.20% |
| Chennai Petroleum Corporation Ltd. | 0.16% | 0.33% |
| Mangalore Refinery and Petrochemicals Ltd. | 0.35% | 0.14% |
| GSPL India Transco Ltd | 0.19% | 0.10% |
| Steel Authority Of India Ltd. | 0.07% | 1.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 67.7% means 67.7% 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 |
|---|---|
| SBI Life Insurance Company Ltd. | 2.17% |
| SBI Cards & Payment Services Ltd. | 1.97% |
| LIC Housing Finance Ltd. | 0.90% |
| MOIL Ltd. | 0.61% |
| Gujarat Narmada Valley Fertilizers and Chemicals Ltd. | 0.57% |
Largest holdings only in Kotak BSE PSU Index Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Ltd. | 2.91% |
| Power Finance Corporation Ltd. | 2.27% |
| PUNJAB NATIONAL BANK | 1.87% |
| REC LTD | 1.78% |
| UNION BANK OF INDIA | 1.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential PSU Equity | Kotak BSE PSU Index |
|---|---|---|
| Equity | 97.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 0.0% |
Market cap of stocks
| Market cap | ICICI Prudential PSU Equity | Kotak BSE PSU Index |
|---|---|---|
| Large Cap | 72.8% | 76.9% |
| Mid Cap | 15.1% | 18.5% |
| Small Cap | 9.9% | 4.5% |
| Not on AMFI's list | 0.2% | 0.1% |
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 | Kotak BSE PSU Index |
|---|---|---|
| Banks | 23.8% | 30.3% |
| Power | 21.3% | 15.4% |
| Aerospace and Defense | 0.0% | 11.7% |
| Insurance | 10.6% | 3.5% |
| Petroleum Products | 9.1% | 7.3% |
| Aerospace & Defense | 8.7% | 0.0% |
| Oil | 7.3% | 5.3% |
| Finance | 3.4% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential PSU Equity vs Kotak BSE PSU Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential PSU Equity Fund | Kotak BSE PSU Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.28% | 0.47% |
| Base expense ratio (Direct) | 0.86% | 0.33% |
| Total expense ratio (Regular) | 2.33% | 1.12% |
| Base expense ratio (Regular) | 1.79% | 0.88% |
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
ICICI Prudential PSU Equity Fund vs Kotak BSE PSU Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential PSU Equity Fund and Kotak BSE PSU Index Fund?
ICICI Prudential PSU Equity Fund is a Thematic fund, Kotak BSE PSU Index Fund is an Index fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 67.7%. ICICI Prudential PSU Equity Fund charges 1.28% a year and Kotak BSE PSU Index Fund 0.47%.
Which has given higher returns, ICICI Prudential PSU Equity Fund or Kotak BSE PSU Index Fund?
Over 1 year: ICICI Prudential PSU Equity Fund −3.39%, Kotak BSE PSU Index Fund −5.83%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential PSU Equity Fund or Kotak BSE PSU Index Fund?
Kotak BSE PSU Index Fund charges less: 0.47% 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 Kotak BSE PSU Index Fund overlap?
67.7%. They hold 31 of the same securities, the largest shared ones being SBIN, NTPC, BEL. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential PSU Equity Fund and Kotak BSE PSU Index Fund?
Yes. 67.7% 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 PSU Equity Fund and Kotak BSE PSU Index Fund?
ICICI Prudential PSU Equity Fund: Antariksha Banerjee. Kotak BSE PSU Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.