ICICIPRAMC - ICICI10GS ETF

About ICICI Prudential Nifty 10-year benchmark G-Sec ETF

• ICICI Prudential Nifty 10-year benchmark G-sector ETF is an open-ended gilt scheme with a constant duration of 10 years.
• Offered by the ICICI Prudential mutual fund house, the ETF invests in bonds issued by the Government of India.
• Darshil Dedhia is the fund manager.
• The scheme was launched on December 13, 2022.
• ICICI Prudential Nifty 10-year benchmark G-sector ETF has assets under management (AUM) that stood at ₹543.20 crore as of June 30, 2024.
• It has an expense ratio of 0.14%.
• There is no lock-in period for this fund.
• ICICI Prudential Nifty 10-year benchmark G-sector ETF is traded on both stock exchanges, which enables investors to trade at market price during each session.
• As the ETF units are listed on both NSE and BSE, one can invest by buying units through a demat account with a registered broker.

Investment Objective & Benchmark

• The investment objective of the scheme is to provide returns before expenses that correspond to the returns of the underlying index, subject to tracking errors.
• There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
• It is benchmarked against the Nifty 10-year Benchmark G-Sec Index comprising government securities with a constant duration of 10 years.
• These bonds do not carry any risk of default as the repayment of investors’ money is backed by the government.
• The fund invests in government bonds offering greater stability.
• The riskometer level of the ICICI Prudential Nifty 10-year benchmark G-sector ETF is moderate. It is suited to investors l with a long-term wealth creation view.

Asset Allocation & Portfolio Composition

• The fund's asset allocation comprises around 98.91% in debt and 1.81% in cash & cash equivalents.
• The ETF has a credit rating of 98.19% SOV and 1.81% cash equivalent.

Here’s a list of top holdings in this ETF:

• Govt. Securities-GSEC: 98.19%
• Net CA & Others-Net CA & Others: 1.57%
• Reverse Repo-TREPS: 0.25%

Since its inception, this ETF has given returns of 7.82%.
The ICICI Prudential Nifty 10-year benchmark G-sector ETF has delivered a return of 7.47% in the last year against the benchmark index’s 7.73% yield.