The ICICI Prudential Nifty Auto ETF, managed by ICICI Prudential Asset Management Company Limited, aims to replicate the Nifty Auto Index returns, embodying a sector-specific investment strategy.

This ETF utilizes a tracking approach aligned with the Nifty Auto TRI benchmark, providing investors with exposure to the dynamic Indian automobile sector while managing tracking error effectively.

With a concentrated portfolio, the ETF's top holdings include Mahindra & Mahindra Ltd. at 23.95% and Maruti Suzuki India Ltd. at 16.45%, showcasing significant sector allocation towards automobiles.

Performance metrics reveal a YTD change of -3.3%, yet a robust CAGR of 28.3% over three years, indicating resilience despite recent market challenges and highlighting risk-adjusted returns.

The fund has an AUM of ₹151.4 Cr, a low expense ratio of 0.2%, and is managed by experienced professionals, ensuring operational efficiency and accessibility via major exchanges.