The ICICI Prudential Nifty Next 50 ETF, managed by ICICI Prudential Asset Management Company, is an open-ended passive fund aimed at closely tracking the Nifty Next 50 Index.

Utilizing a replication strategy, this ETF benchmarks against the Nifty Next 50 TRI, ensuring minimal tracking error of just 0.07%, enhancing its performance alignment with the index.

The portfolio reveals a concentration in the Financial Services sector at 19.56%, with key holdings like Britannia Industries Ltd. and Bajaj Holdings, highlighting potential concentration risks.

Performance metrics indicate a 1-year decline of -11.7%, yet impressive 3-year and 5-year CAGR of 17.7% and 20.8%, respectively, showcasing long-term growth despite recent volatility.

With an AUM of ₹1638.34 Cr and a low expense ratio of 0.1%, the fund is efficiently structured for investors, providing liquidity through its listing on major exchanges.