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.

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

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.

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

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.