The ICICI Prudential Nifty Bank ETF, managed by ICICI Prudential Asset Management Company Limited, is an open-ended fund focused on replicating the Nifty Bank Index's performance with minimal tracking error.

This sector-specific ETF employs a strategy that closely tracks the Nifty Bank TRI benchmark, ensuring that investors receive returns aligned with the banking sector's performance.

The fund's portfolio is heavily concentrated in banking stocks, with top holdings like HDFC Bank Ltd. and ICICI Bank Ltd. representing over 54.6% of total assets, indicating a high sector concentration risk.

Over the past year, the fund has delivered a return of 1.6%, while its three-year CAGR stands at an impressive 12.9%, reflecting solid performance in a competitive market environment.

With an AUM of ₹2922.7 Cr and a low expense ratio of 0.15%, the fund offers efficient access to the banking sector, supported by experienced management and minimal tracking error of 0.02%.