The ICICI Prudential Nifty ETF, managed by ICICI Prudential Asset Management Company, is an open-ended passive fund aiming to replicate the Nifty 50 TRI's performance, minimizing tracking error.

This ETF utilizes a replication strategy, closely mirroring the Nifty 50 Index to achieve its investment objective, demonstrating a commitment to effective benchmark tracking with a low tracking error of 0.02%.

The fund's portfolio is heavily concentrated in the financial services sector, with HDFC Bank and ICICI Bank comprising significant allocations, reflecting a strategy focused on major market players.

Over the past year, the fund has experienced a decline of -4.7%, while showcasing strong long-term growth with a 3-year CAGR of 14.3% and a 5-year CAGR of 18.5%.

With an AUM of ₹31,381.45 Cr and an expense ratio of 0.0249%, this ETF offers efficient cost management, while trading on major exchanges enhances accessibility for investors.