The ICICI Prudential Nifty PSU Bank ETF, managed by ICICI Prudential Asset Management Company, is an open-ended fund aimed at replicating the Nifty PSU Bank Index's performance through passive investment.

This ETF employs a tracking strategy focused on the Nifty PSU Bank Index, maintaining a low tracking error of 0.09%, ensuring minimal deviation from its benchmark's returns.

The portfolio is heavily concentrated in the banking sector, with top holdings like State Bank of India at 32.8% and Bank of Baroda at 14.7%, reflecting substantial sector exposure and concentration risk.

In the past year, the fund has delivered a remarkable performance with a change of 29.4%, highlighting its ability to capture the growth of the PSU banking sector effectively.

With an AUM of ₹89.1 Cr and an expense ratio of 0.4%, the fund demonstrates efficient cost management, offering investors a liquid investment vehicle in the PSU banking domain.