The ICICI Prudential Gold ETF, managed by ICICI Prudential Asset Management Company Limited, is an open-ended fund designed to replicate domestic gold prices, utilizing a passive investment strategy.

This ETF aims to closely track the LBMA AM Fixing Prices for gold, maintaining minimal tracking error, which currently stands at 0.2%, ensuring efficient price replication.

The portfolio predominantly consists of gold, with a concentration of 98.65%, complemented by a minor allocation of 1.35% in short-term debt and net current assets, indicating low diversification risk.

Performance metrics reveal a remarkable 1Y change of +57.2% and a 3Y CAGR of 31.9%, reflecting robust returns in the context of gold price movements over these periods.

With a fund size of ₹8579.8 Cr and an expense ratio of 0.5%, it offers competitive operational efficiency, supported by experienced fund managers since 2021 and 2024.