The ICICI Prudential Nifty Financial Services Ex-Bank ETF, managed by ICICI Prudential Asset Management Company, is a passive fund designed to replicate the Nifty Financial Services Ex-Bank Index returns.

Employing a tracking approach to mirror the Nifty Financial Services Ex-Bank TRI, the fund aims for minimal tracking error of just 0.04%, ensuring efficient replication of index performance.

The portfolio is heavily concentrated in the finance sector, with top holdings like Bajaj Finance Ltd. at 17.07%, indicating significant sector exposure and potential concentration risk.

Over the past year, the fund has demonstrated strong performance, achieving a remarkable return of 26.2%, reflecting its alignment with the robust growth in the financial services sector.

With an expense ratio of 0.2% and an AUM of ₹205.64 Cr, the fund is positioned for cost efficiency while being managed by experienced professionals, enhancing investor accessibility and liquidity.