LIC Nomura MF ETF - Nifty 100, managed by LIC Mutual Fund Asset Management Limited, aims to mirror the total returns of the NIFTY 100 INDEX, utilizing a market cap weighted approach.

Tracking the Nifty 100 TRI, this open-ended ETF employs a strategy designed to minimize tracking errors, achieving a low tracking error of 0.08% for efficient replication of index performance.

The fund's portfolio is heavily concentrated in the banking sector, with HDFC Bank and ICICI Bank representing a combined allocation of 18.32%, indicating potential concentration risk.

Over the past year, the fund has faced a decline of 3.5%, yet it has demonstrated robust growth with a 3-year CAGR of 14.2% and a 5-year CAGR of 19.4%.

With a fund size of ₹737.7 Cr and a competitive expense ratio of 0.28%, this ETF is managed by M. Sumit Bhatnagar, ensuring accessibility and operational efficiency for investors.