The ICICI Prudential Nifty Private Bank ETF, managed by ICICI Prudential Asset Management Company, targets returns closely aligned with the NIFTY Private Bank Index through sector-specific investment strategies.

This ETF employs a tracking approach to replicate the Nifty Private Bank TRI, ensuring minimal tracking error of 0.03%, effectively mirroring the benchmark's performance.

The fund's portfolio is heavily concentrated in the banking sector, with top holdings including HDFC Bank Ltd. (21.5%) and ICICI Bank Ltd. (21.0%), posing potential concentration risks.

In terms of performance, the ETF has demonstrated a solid 1-year return of 13.2%, with a 3-year CAGR of 9.7% and a 5-year CAGR of 12.2%, indicating consistent growth.

With a fund size of ₹3179.6 Cr and a low expense ratio of 0.15%, it offers efficient operational management while being overseen by experienced fund managers since 2021.