ICICI Prudential Nifty 500 Index Fund vs Motilal Oswal Nifty 500 Index Fund
ICICI Prudential Nifty 500 Index Fund and Motilal Oswal Nifty 500 Index Fund are both Nifty 500 Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +11.71%, 5-year CAGR — vs +9.48%, volatility 16.74% vs 15.47%, maximum drawdown −14.75% vs −37.31%. Their portfolios overlap by 99.2% (500 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Motilal Oswal Mutual Fund |
| Compared as | Nifty 500 Index Funds & ETFs | Nifty 500 Index Funds & ETFs |
| NAV | ₹10.4928 | ₹27.1736 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 23 Dec 2024 | 11 Sep 2019 |
| Track record | 1.9 yrs | 7.2 yrs |
| Fund size (AUM) | ₹102 Cr | ₹3,086 Cr |
| Securities held | 500 | 501 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| 1 month | +4.63% | +4.64% |
| 3 months | −2.18% | −2.02% |
| 6 months | +0.40% | +0.67% |
| 1 year | −1.66% | −1.12% |
| 3 years (CAGR) | — | +11.71% |
| 5 years (CAGR) | — | +9.48% |
| 7 years (CAGR) | — | +13.99% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +2.42% | +14.85% |
| SIP return (XIRR, 5 years) ⓘ | — | +9.45% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| 2026 (year to date) | −2.43% | −1.97% |
| 2025 | +7.36% | +7.67% |
| 2024 | — | +15.64% |
| 2023 | — | +26.54% |
| 2022 | — | +3.79% |
| 2021 | — | +30.63% |
Risk
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.74% | 15.47% |
| Downside volatility ⓘ | 12.49% | 10.84% |
| Sharpe ratio ⓘ | -0.24 | 0.34 |
| Sortino ratio ⓘ | -0.33 | 0.48 |
| Maximum drawdown ⓘ | −14.75% | −37.31% |
| Recovery from that fall | — | 8 months |
| Current fall from peak | −3.35% | −3.51% |
| Rolling 1-year return: worst | −9.53% | −9.05% |
| Rolling 1-year return: median | +2.02% | +11.73% |
| Rolling 1-year return: best | +15.15% | +96.96% |
| Share of 1-year periods with a loss | 36.74% | 12.65% |
Against each fund's benchmark
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Beta ⓘ | 1.06 | 1.04 |
| Alpha (Jensen's, annualised) ⓘ | +0.92% | +1.43% |
| R² ⓘ | 97.90 | 97.44 |
| Upside capture | 107.65% | 107.10% |
| Downside capture | 104.78% | 101.20% |
| Tracking error | 2.55% | 2.56% |
| Information ratio | 0.16 | 0.60 |
| Treynor ratio | -6.80 | 3.37 |
Portfolio
Asset mix
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Equity | 99.47% | 99.74% |
| REITs / InvITs | 0.35% | 0.35% |
| Cash & equivalents | 0.23% | -0.09% |
Market-cap split (share of fund assets)
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Large Cap | 67.15% | 67.13% |
| Mid Cap | 20.83% | 20.90% |
| Small Cap | 11.32% | 11.60% |
| Unclassified | 0.11% | 0.11% |
Concentration
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Top 10 holdings | 28.53% | 28.52% |
| Effective number of stocks ⓘ | 76.6 | 76.6 |
| Securities held | 500 | 501 |
Portfolio overlap: 99.2%
500 companies are held by both funds; by weight, 99.2% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index |
|---|---|---|
| HDFC Bank Limited | 5.66% | 5.66% |
| ICICI Bank Limited | 4.94% | 4.94% |
| Reliance Industries Limited | 4.14% | 4.14% |
| Bharti Airtel Limited | 2.79% | 2.78% |
| Larsen & Toubro Limited | 2.29% | 2.29% |
| State Bank of India | 2.07% | 2.07% |
| Axis Bank Limited | 1.84% | 1.84% |
| Infosys Limited | 1.83% | 1.83% |
| Kotak Mahindra Bank Limited | 1.60% | 1.60% |
| Mahindra & Mahindra Limited | 1.37% | 1.37% |
| Bajaj Finance Limited | 1.37% | 1.36% |
| ITC Limited | 1.32% | 1.32% |
| Eternal Limited | 1.21% | 1.21% |
| Tata Consultancy Services Limited | 1.09% | 1.09% |
| Sun Pharmaceutical Industries Limited | 1.00% | 1.00% |
Top 10 holdings
ICICI Prudential Nifty 500 Index
- HDFC Bank Limited5.66%
- ICICI Bank Limited4.94%
- Reliance Industries Limited4.14%
- Bharti Airtel Limited2.79%
- Larsen & Toubro Limited2.29%
- State Bank of India2.07%
- Axis Bank Limited1.84%
- Infosys Limited1.83%
- Kotak Mahindra Bank Limited1.60%
- Mahindra & Mahindra Limited1.37%
Motilal Oswal Nifty 500 Index
- HDFC Bank Limited5.66%
- ICICI Bank Limited4.94%
- Reliance Industries Limited4.14%
- Bharti Airtel Limited2.78%
- Larsen & Toubro Limited2.29%
- State Bank of India2.07%
- Axis Bank Limited1.84%
- Infosys Limited1.83%
- Kotak Mahindra Bank Limited1.60%
- Mahindra & Mahindra Limited1.37%
Sector exposure
| ICICI Prudential Nifty 500 Index | Motilal Oswal Nifty 500 Index | |
|---|---|---|
| Banks | 19.35% | 19.32% |
| Finance | 6.50% | 6.49% |
| Pharmaceuticals & Biotechnology | 5.75% | 5.76% |
| IT - Software | 5.65% | 5.66% |
| Petroleum Products | 4.99% | 5.01% |
| Automobiles | 4.88% | 4.86% |
| Telecom - Services | 3.52% | 3.52% |
| Power | 3.41% | 3.39% |
| Retailing | 3.31% | 3.32% |
| Consumer Durables | 2.80% | 2.80% |
| Construction | 2.73% | 2.72% |
| Electrical Equipment | 2.57% | 2.67% |
| Auto Components | 2.52% | 2.55% |
| Capital Markets | 2.52% | 2.52% |
Questions people ask
What is the difference between ICICI Prudential Nifty 500 Index and Motilal Oswal Nifty 500 Index returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return −1.66% vs −1.12%; 3-year CAGR — vs +11.71%; 5-year CAGR — vs +9.48%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do ICICI Prudential Nifty 500 Index and Motilal Oswal Nifty 500 Index compare on risk?
Volatility (36 monthly returns, annualised) 16.74% vs 15.47%; Sharpe ratio -0.24 vs 0.34; Sortino ratio -0.33 vs 0.48; maximum drawdown −14.75% vs −37.31%; beta 1.06 vs 1.04.
How much do ICICI Prudential Nifty 500 Index and Motilal Oswal Nifty 500 Index overlap?
By weight, 99.2% of the two portfolios is invested in the same companies; 500 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of ICICI Prudential Nifty 500 Index and Motilal Oswal Nifty 500 Index?
ICICI Prudential Nifty 500 Index: large cap 67.2%, mid cap 20.8%, small cap 11.3%. Motilal Oswal Nifty 500 Index: large cap 67.1%, mid cap 20.9%, small cap 11.6% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
ICICI Prudential Nifty 500 Index vs
Motilal Oswal Nifty 500 Index vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.