The ICICI Prudential Nifty Alpha Low Volatility 30 ETF, managed by ICICI Prudential Asset Management Company, aims to replicate the returns of the Nifty Alpha Low-Volatility 30 Index, employing a factor-based investment strategy.

This open-ended ETF utilizes a tracking approach with a minimal tracking error of 0.23%, ensuring close alignment with its benchmark, the Nifty Alpha Low-Volatility 30 TRI.

The portfolio exhibits a concentrated exposure, with top holdings in financial services and healthcare, where the largest sector allocation is 31.38%, indicating potential concentration risk.

Performance metrics show a 1-year decline of -17.0%, contrasting with a robust 3-year CAGR of 16.3% and a 5-year CAGR of 17.2%, highlighting volatility in short-term returns versus long-term growth.

With an AUM of ₹1770.1 Cr and an expense ratio of 0.41%, the fund is accessible through NSE/BSE, supported by experienced managers, enhancing operational efficiency and liquidity for investors.