The ICICI Prudential Nifty Financial Services Ex-Bank ETF, managed by ICICI Prudential Asset Management Company, aims to replicate the Nifty Financial Services Ex-Bank Index returns with minimal tracking error.

Utilizing a sector-specific strategy, this ETF focuses on the financial services sector, with a benchmark of the Nifty Financial Services Ex-Bank TRI, ensuring targeted exposure and efficient tracking.

The portfolio is heavily weighted towards the finance industry, with a notable 55.8% allocation, featuring key holdings like Bajaj Finance Ltd. at 15.8% and HDFC Life Insurance Company Ltd. at 5.6%.

In the past year, the fund has delivered a return of 4.3%, supported by a low tracking error of 0.04%, indicating effective performance relative to its benchmark and a stable risk profile.

With an expense ratio of just 0.2% and a fund size of ₹197.8 Cr, the ETF remains accessible, managed by experienced professionals, ensuring liquidity and operational efficiency.