ICICI Prudential Nifty Private Bank ETF

The ICICI Prudential Nifty Private Bank ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund targeting returns aligned with the Nifty Private Bank Index, focusing on sector-specific investments.

This ETF employs a tracking strategy to mirror the Nifty Private Bank TRI, maintaining a minimal tracking error of 0.06%, ensuring close performance alignment with its benchmark index.

The portfolio is heavily concentrated in the banking sector, with top holdings like ICICI Bank and HDFC Bank comprising over 44% of total assets, indicating potential concentration risk.

In terms of performance, the fund has delivered a 1-year change of -1.8%, while showcasing a robust 3-year CAGR of 10.5% and an impressive 5-year CAGR of 17.9%.

With an AUM of ₹3133.9 Cr and a low expense ratio of 0.15%, the fund is accessible via NSE and BSE, providing liquidity with a well-structured management team.