ICICI Prudential Nifty India Consumption ETF

The ICICI Prudential Nifty India Consumption ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund targeting returns aligned with the Nifty India Consumption Index.

This sector-specific ETF employs a tracking strategy to closely mirror the performance of its benchmark, the Nifty India Consumption TRI, ensuring minimal tracking error of just 0.03%.

The portfolio is heavily concentrated in the Fast Moving Consumer Goods sector, with significant allocations to major automobile companies, indicating a focused investment strategy that may introduce concentration risks.

Over the past three years, the fund has demonstrated a robust CAGR of 16.4%, though it has faced a decline of 6.2% over the last year, highlighting performance variability amid market conditions.

With an AUM of ₹65.69 Cr and a low expense ratio of 0.2%, the fund remains accessible to investors, managed by experienced professionals since late 2021, enhancing operational efficiency.