The LIC Nomura MF ETF - SENSEX, managed by LIC Mutual Fund Asset Management Limited, aims to replicate the BSE SENSEX Index through a passive investment strategy, ensuring close tracking of its total returns.

This ETF employs a replication method, holding BSE SENSEX stocks in the same proportion as the index, with a tracking error of just 0.09%, reflecting its efficient benchmark alignment.

The portfolio exhibits significant concentration in the banking sector, comprising 35.6% of total holdings, with top allocations to HDFC Bank and ICICI Bank, indicating potential concentration risk.

Performance metrics reveal a solid 1-year return of 7.8% and a 3-year CAGR of 12.1%, showcasing consistent growth, while the expense ratio remains low at 0.11%, enhancing net returns for investors.

With a fund size of ₹741.35 Cr and managed by Mr. Sumit Bhatnagar since October 2023, this ETF offers liquidity and accessibility, making it a viable option for passive investors.