The ICICI Prudential Healthcare ETF, managed by ICICI Prudential Asset Management Company Limited, is an open-ended index fund designed to track the Nifty Healthcare Index, focusing on sector-specific investments.

This ETF aims to replicate the performance of the Nifty Healthcare TRI, employing a tracking strategy with a low tracking error of 0.03%, ensuring close correlation with the benchmark.

The portfolio is heavily concentrated in the healthcare sector, with top holdings like Sun Pharmaceutical Industries Ltd. at 17.8% and significant allocations to Cipla Ltd. and MAX Healthcare Institute Ltd.

In terms of performance, the fund has delivered a 1Y return of 5.9% and an impressive 3Y CAGR of 21.9%, indicating strong historical growth relative to its sector.

With a fund size of ₹141.34 Cr and an efficient expense ratio of 0.15%, the ETF is well-positioned for liquidity and cost-effectiveness, managed by experienced professionals since 2021.