ICICI Prudential Gold ETF

The ICICI Prudential Gold ETF, managed by ICICI Prudential Asset Management Company Limited, is an open-ended passive scheme aimed at tracking domestic gold prices closely while minimizing tracking error.

Employing a strategy focused on replicating the LBMA AM Fixing Prices, this ETF primarily invests in gold, with a minor allocation to short-term debt to manage liquidity.

With an impressive 98.65% allocation to gold, the fund's concentration in this asset class presents both opportunities and risks, particularly in fluctuating gold markets.

Performance metrics reveal a remarkable 1-year return of +51.97%, with a 3-year CAGR of 30.96%, showcasing its strong alignment with gold price movements over time.

The fund, with an AUM of ₹6796.95 Cr and an expense ratio of 0.5%, is managed by experienced professionals, ensuring efficient operational management and accessibility for investors.