The ICICI Prudential Nifty Alpha Low Volatility 30 ETF, managed by ICICI Prudential Asset Management Company Limited, seeks to replicate the performance of the Nifty Alpha Low-Volatility 30 Index.

This ETF employs a low volatility investment strategy, aiming for returns closely aligned with its benchmark, the Nifty Alpha Low-Volatility 30 TRI, while maintaining a minimal tracking error of 0.22%.

The fund's portfolio is heavily weighted towards the financial services and healthcare sectors, with top holdings including HDFC Bank Ltd. and ITC Ltd., reflecting a concentration risk in these industries.

Performance metrics reveal a 1-year decline of -2.3%, yet impressive 3-year and 5-year CAGR of 16.0% and 16.6%, indicating resilience amidst market fluctuations and a focus on stable returns.

With an AUM of ₹1744.73 Cr and an expense ratio of 0.41%, the fund is positioned efficiently within its category, managed by a team with significant industry experience.