ICICI Pru BSE Sensex ETF

About ICICI Prudential BSE Sensex ETF

• ICICI Prudential BSE Sensex ETF is an open-ended value-oriented equity scheme that belongs to ICICI Mutual Fund House.
• Nishit Patel and Ajay Kumar Solanki are the fund managers.
• ICICI Prudential BSE Sensex ETF was launched on January 10, 2003.
• The assets under management (AUM) stood at ₹10,453 crore as of June 30, 2024.
• This ETF is traded on the National Stock Exchange (NSE) and BSE which enables investors to trade at market price during each session.
• One can invest in the scheme by buying the ETF units through a demat account with a registered broker.

Investment Objective & Benchmark

• The fund's objective is to track the returns of the BSE Sensex through investment in a basket of stocks drawn from the constitution of the underlying index.
• It is benchmarked against the BSE Sensex Total Return Index.
• ICICI Prudential BSE Sensex ETF is mandated to invest at least 80% of its assets in large-cap stocks.
• The objective of the ETF is to provide exposure to the value factor, with the index consisting of the 30 top market capitalisations on the BSE Sensex.
• The scheme allocates funds across companies with different sectors offering more stable investment opportunities to investors.
• The risk level is very high and it is suitable for investors with a time horizon of 3 years and above.

Asset Allocation & Portfolio Composition

• The fund’s asset allocation comprises around 99.6% in equities and 0.4% in other instruments
• ICICI Prudential BSE Sensex follows a growth-oriented approach, investing across market capitalisations.
• The ETF has allocated over 79% of the available assets to giant cap, 10.3% to large cap and 10.3% to mid-cap companies.
• The top 10 holdings in stocks of ICICI Prudential BSE Sensex ETF constitute 66.26% of the scheme’s asset allocation.

Here's a list of the top 10 company holdings in the ETF:

• HDFC Bank: 13.98%
• Reliance Industry: 11.69%
• ICICI Bank: 9.30%
• Infosys: 6.27%
• Laser & Turbo: 4.57%
• TCS: 4.36%
• ITC: 4.33%
• Bharti Airtel: 4.25%
• Axis Bank: 3.92%
• SBI: 3.59%

Sector-wise allocation in this fund;

• Banks: 34.79%
• IT - Software: 13.31%
• Petroleum Products: 11.69%
• Diversified FMCG: 6.77%
• Automobiles: 6.47%

ICICI Prudential BSE Sensex ETF has given a return of 22.14% in the last year as of June 28, 2024, compared to the index’s yield of 16.96%

Since its inception, this ETF has delivered a CAGR of 17.04%.