ICICIPRAMC - ICICI500

About ICICI Prudential BSE 500 ETF

• The ICICI Prudential BSE 500 ETF is an open-ended flexi-cap exchange-traded fund offered by the ICICI Prudential Mutual Fund House
• The ICICI Prudential BSE 500 ETF was launched on May 9, 2018.
• The exchange symbol for the ICICI Prudential BSE 500 ETF on the National Stock Exchange (NSE) is BSE500IETF.
• As of July 30, 2024, the fund’s assets under management (AUM) stood at ₹264.72 crore.
• The fund manager for the ICICI Prudential BSE 500 ETF is Nishit Patel.
• The ETF units can be traded, just like equities, at the prevailing market prices.
• Retail investors can purchase the ETF units directly through a demat account with a registered broker.

Investment Objective & Benchmark

• The fund is benchmarked against the S&P BSE SENSEX.
• The investment objective of the ICICI Prudential BSE 500 ETF is to provide returns that closely correspond to the total return of the underlying index.
• The ETF covers leading companies across key sectors to offer diversification to your investment.
• The fund invests in high-cap well-established companies that historically are less volatile compared to smaller companies.
• It offers a cost-effective and straightforward way to invest in the equity market. Tracking well-known indices, this ETF cuts down the complexities of investment in individual stocks.
• There is no exit load applicable to the ICICI Prudential BSE 500 ETF, meaning investors can redeem their units without incurring any additional charges or penalties.
• The risk level of the ICICI Prudential BSE 500 ETF is classified as very high.
• It is suitable for investors looking at long-term wealth creation goals.

Asset Allocation & Portfolio Composition

• The asset allocation for the scheme includes 95-100% in securities of companies that make up the underlying index.
• Up to 5% of the assets may be invested in units of liquid schemes, and money market instruments with maturities not exceeding 91 days, including TREPS, cash and cash equivalents.
• The portfolio is allocated 100% to equity, with 1.68% in debt and 0.24% in other assets.
• The top sectors include banks at 19.77%, IT - software at 8.62%, petroleum products at 6.75%, finance at 5.77% and automobiles at 5.02%.
• The market cap allocation consists of 53% in giant cap stocks, 21.33% in large cap, 21.67% in mid-cap, 3.98% in small-cap and 0.01% in tiny cap companies.
• Top 10 company holdings make up 31.19% of the ETF’s asset allocation.

Here are the top holdings of the ICICI Prudential BSE 500 ETF as of June 30, 2024, with their weight in percentage:

• HDFC Bank: 6.97%
• Reliance Industries: 5.83%
• ICICI Bank: 4.64%
• Infosys: 3.12%
• Larsen & Toubro: 2.28%
• TCS: 2.18%
• ITC: 2.16%
• Bharti Airtel: 2.12%
• Axis Bank: 1.96%
• State Bank of India: 1.79%

The ETF has delivered a return of 38.45% in the past year as of July 31, 2024, compared to the benchmark index’s performance of 6.39%

Since its inception, this ETF has produced a CAGR of 16.91%.