The Nippon India ETF NIFTY 100, managed by Nippon Life India Asset Management Limited, is an open-ended index ETF that passively tracks the Nifty 100 TRI, aiming for index replication.

This ETF employs a passive investment strategy, meticulously mirroring the Nifty 100 Index by investing in its constituent securities in equivalent proportions, ensuring low tracking error of 0.03%.

The fund's holdings are concentrated in the banking sector, representing 26.2% of the portfolio, with significant allocations to HDFC Bank and ICICI Bank, indicating potential concentration risk.

Over the past year, the fund has seen a decline of 6.3%, while it has delivered impressive CAGR of 13.9% over three years and 18.2% over five years, showcasing strong long-term performance.

With an expense ratio of 0.5% and an AUM of ₹304.7 Cr, the fund is accessible via major exchanges, reflecting efficient operational management under fund manager Himanshu Mange since December 2023.