The ICICI Prudential Nifty Oil & Gas ETF, managed by ICICI Prudential Asset Management Company Limited, seeks to replicate the returns of the Nifty Oil & Gas Index while minimizing tracking error.

This fund employs a sector-specific investment strategy focused on the oil and gas sector, aiming to closely track the Nifty Oil & Gas TRI benchmark through efficient replication methods.

The portfolio is heavily concentrated, with Reliance Industries Ltd. comprising 32.6% of holdings, followed by other major players like ONGC and Bharat Petroleum, indicating significant sector exposure risks.

In the past year, the fund has delivered a robust return of 13.7%, with a minimal tracking error of 0.04%, reflecting strong performance consistency aligned with its investment objective.

With an AUM of ₹209.1 Cr and an expense ratio of 0.4%, the fund is positioned efficiently within its sector, while being managed by experienced professionals since mid-2024.