ICICI Prudential Nifty PSU Bank ETF

The ICICI Prudential Nifty PSU Bank ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund targeting returns in line with the NIFTY PSU Bank Index.

This sector-specific ETF employs a tracking strategy to replicate the performance of the NIFTY PSU Bank Index, with a minimal tracking error of 0.09%.

The portfolio is heavily concentrated in financial services, with top holdings including State Bank Of India at 34.15% and Bank Of Baroda at 14.67%, indicating a significant sector bias.

In the past year, the fund has delivered a return of 7.9%, reflecting its performance in a robust banking sector amidst evolving market conditions.

With an AUM of ₹73.99 Cr and an expense ratio of 0.4%, this ETF offers competitive operational efficiency, managed by experienced professionals since early 2023.