The ICICI Prudential Nifty EV & New Age Automotive ETF, managed by ICICI Prudential Asset Management Company, targets returns aligned with the Nifty EV & New Age Automotive Index, focusing on thematic investments.

This ETF employs a tracking strategy aimed at mirroring the benchmark performance of the Nifty EV & New Age Automotive TRI, ensuring investors benefit from sector-specific growth.

The portfolio is heavily concentrated in the automobile sector, with top holdings like Tata Motors and Maruti Suzuki, reflecting a 66.68% allocation to automobile and auto components industries.

In the past year, the fund exhibited a robust performance, with a 1Y return of 18.3%, indicating strong market alignment and effective sector positioning within the thematic investment space.

With an AUM of ₹26.27 Cr and a competitive expense ratio of 0.44%, the fund is well-structured for investors seeking exposure to the evolving automotive landscape.