The ICICI Prudential Nifty Auto ETF, managed by ICICI Prudential Asset Management Company, aims to mirror the Nifty Auto Index's performance, focusing on sector-specific investment in the automobile industry.

This ETF employs a replication strategy to track the Nifty Auto TRI, ensuring minimal tracking error, currently reported at a mere 0.05%, reflecting strong alignment with its benchmark.

The portfolio is heavily concentrated in the automobile sector, with top holdings like Mahindra & Mahindra Ltd. at 24.35% and Maruti Suzuki India Ltd. at 16.86%, indicating significant concentration risk.

Over the past year, the fund has delivered an impressive return of 17.2%, with a remarkable 3-year CAGR of 29.2%, showcasing consistent performance in a favorable market environment.

With a fund size of ₹155.93 Cr and a low expense ratio of 0.2%, this ETF provides efficient access to the auto sector, managed by experienced professionals since early 2022.