The ICICI Prudential BSE 500 ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund designed to replicate the BSE 500 Index's performance while minimizing tracking error.

Employing a passive investment strategy, this ETF aims to closely align with the BSE 500 TRI benchmark, ensuring efficient tracking through minimal deviation from index returns.

The fund's portfolio exhibits a notable concentration in financial services, with top holdings including HDFC Bank (7.65%) and ICICI Bank (5.1%), indicating potential concentration risk in this sector.

Over the past year, the ETF has delivered a return of 6.8%, with impressive 3-year and 5-year CAGR of 15.0% and 18.3%, respectively, highlighting consistent performance across various periods.

With an expense ratio of 0.32% and a fund size of ₹314.6 Cr, the ETF presents an efficient cost structure, supported by experienced fund managers Nishit Patel and Ajaykumar Solanki.