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Overview

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The ICICI Prudential Nifty Bank ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund designed to replicate the Nifty Bank Index returns while minimizing tracking error.

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This sector-specific ETF employs a tracking approach aligned with the Nifty Bank TRI benchmark, ensuring performance closely mirrors the index's movements.

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The portfolio is heavily concentrated in the banking sector, with top holdings including HDFC Bank (28.5%) and ICICI Bank (24.4%), raising potential concentration risk.

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Performance metrics reveal a robust 1Y return of +15.5% and a solid 3Y CAGR of 11.7%, reflecting strong consistency across performance periods.

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With an AUM of ₹2975.6 Cr and a low expense ratio of 0.15%, the fund offers efficient management, bolstered by experienced fund managers since early 2021.

AMC

ICICI Prudential Asset Management Com...

Manager

Nishit Patel

Benchmark

Nifty Bank TRI

Fund Size

2,976

Expense Ratio (%)

0.15%

Tracking Error (%)

0.04%

PE

15.1

Beta

Low Risk

Volatility

0.13

Dividend Yield (%)

1.07%

52W Low

48.53

52W High

61.55

Standard Deviation

0.795

Risk Level

VERY HIGH

Technicals

Bullish

RSI

69.25

EMA 50

59.68

EMA 200

56.64

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

2

Neutral

9

Bullish

3

Overall

BearishNeutralBullish

Bullish

Bearish

4

Neutral

10

Bullish

32

Moving Averages

BearishNeutralBullish

Bullish

Bearish

2

Neutral

1

Bullish

29

Overall

BearishNeutralBullish

Bullish

Bearish

4

Neutral

10

Bullish

32

Holdings(Top 10 Holdings)

CompanyWeightage (%)
HDFC Bank Ltd.28.49%
ICICI Bank Ltd.24.38%
State Bank Of India9.17%
Kotak Mahindra Bank Ltd.8.96%
Axis Bank Ltd.8.78%
IndusInd Bank Ltd.3.14%
Bank Of Baroda3.10%
The Federal Bank Ltd.3.08%
IDFC First Bank Ltd.2.99%
Canara Bank2.71%

Allocation

Industry
Asset
Industry
No ConstituentsNo Constituents

No data found