The ICICI Prudential BSE Midcap Select ETF, managed by ICICI Prudential Asset Management Company Limited, aims to replicate the returns of the BSE Midcap Select Index while minimizing tracking errors.

Employing a market cap weighted strategy, this ETF closely tracks the BSE Midcap Select TRI, ensuring investors gain exposure to midcap stocks with minimized tracking discrepancies.

The fund's portfolio is heavily concentrated in the capital goods and financial services sectors, with notable holdings including Ashok Leyland Ltd. and The Federal Bank Ltd., indicating sectoral diversification risks.

Despite a challenging year with a -9.7% return, the ETF has shown resilience with a 3-year CAGR of 18.1% and a 5-year CAGR of 21.6%, reflecting strong historical performance.

With an AUM of ₹86.95 Cr and a low expense ratio of 0.15%, the fund is accessible through major exchanges, providing efficient liquidity and cost-effective investment opportunities.