The ICICI Prudential Nifty Next 50 ETF, managed by ICICI Prudential Asset Management Company, aims to replicate the Nifty Next 50 Index, offering passive investment exposure to this segment.

Employing a passive investment strategy, the fund tracks the Nifty Next 50 TRI, ensuring its performance closely aligns with the benchmark while maintaining a low tracking error of 0.06%.

The portfolio is predominantly equity-focused, with 99.96% in shares, featuring top holdings like Hindustan Aeronautics Ltd. and TVS Motor Company Ltd., reflecting significant sector concentration in Financial Services and Capital Goods.

With a solid performance record, the fund has achieved a 1Y return of +93.1%, a 3Y CAGR of 17.4%, and a 5Y CAGR of 18.9%, showcasing consistent growth even in varying market conditions.

The fund, with an AUM of ₹1742.5 Cr and an expense ratio of just 0.1%, is managed by experienced professionals, ensuring efficient operations and accessibility through major exchanges.