The ICICI Prudential IT ETF, managed by ICICI Prudential Asset Management Company, aims for long-term wealth creation by closely tracking the Nifty IT Index, focusing on sector-specific investments.

Utilizing an efficient tracking approach, this fund replicates the Nifty IT TRI benchmark with a minimal tracking error of 0.05%, ensuring investors align closely with index performance.

The portfolio is heavily concentrated in the IT sector, with top holdings like Infosys (29.17%) and TCS (21.88%), reflecting a strong bias towards leading software companies, which poses concentration risk.

Performance analysis shows a 1Y decline of -12.9%, contrasted with a robust 3Y CAGR of 8.8% and 5Y CAGR of 13.1%, indicating potential for recovery despite short-term volatility.

With an AUM of ₹464.21 Cr and a low expense ratio of 0.2%, the fund remains accessible, while experienced managers like Nishit Patel and Ajaykumar Solanki guide its operations.