ICICI Prudential Nifty 200 Momentum 30 ETF

The ICICI Prudential Nifty 200 Momentum 30 ETF, managed by ICICI Prudential Asset Management Company Limited, seeks to replicate the returns of the Nifty200 Momentum 30 Index, focusing on momentum investing.

This ETF employs a strategy aimed at closely tracking the Nifty200 Momentum 30 TRI, ensuring alignment with its benchmark while managing potential tracking errors inherent in index replication.

The portfolio is heavily weighted towards the financial services sector, comprising 51.5%, with significant holdings in leading banks, ensuring a concentrated exposure that may amplify both returns and risks.

Over the past year, the fund has experienced a decline of 21.4%, contrasting with a solid 3-year CAGR of 16.2%, highlighting the volatility and potential for recovery in the momentum space.

With an AUM of ₹562.4 Cr and an expense ratio of 0.3%, the fund remains accessible and cost-efficient, managed by experienced professionals, enhancing its operational appeal for investors.