About ICICI Prudential Nifty Alpha Low-Volatility 30 ETF

• The ICICI Prudential Nifty Alpha Low-Volatility 30 ETF is an open-ended fund offered by ICICI Prudential Mutua Fund House.

• It invests in public and private sector companies that offer low volatility.

• The ETF was launched on August 12, 2020.

• The ETF has assets under management (AUM) at ₹1,261.83 crore as of July 31, 2024.

• Nishit Patel has been the fund manager of ICICI Prudential Nifty Alpha Low-Volatility 30 ETF.

• The ETF units are listed on both exchanges NSE and BSE just like equity stocks.

• One can invest by buying units through a demat account with a registered broker.

Investment Objective & Benchmark

• The ETF investment objective is to deliver returns that closely align with the total return of the underlying index, subject to tracking errors.
• It is benchmarked against the Nifty Alpha Low-Volatility 30 Total Return Index, which is designed to reflect the performance of a portfolio of stocks selected based on a top combination of Alpha and Low Volatility.
• The index is typically calculated by using the free-float market capitalisation method, which means it only takes into account the shares that are available for trading when determining the index value.
• The portfolio includes a mix of large-cap and mid-cap companies that are market leaders in sectors and less volatile.
• For investors with a diversified portfolio, the ICICI Prudential Nifty Alpha Low-Volatility 30 Index provides an opportunity to access the expanding 30 less volatile companies of the Indian market.
• It is a very high-risk investment instrument suitable for long-term wealth creation.

Asset Allocation & Portfolio Composition

• The ETF holds 99.88% of its fund in equity and 0.12% in cash.
• The fund allocation in this ETF, based on market capitalisation, is 79.37% in giant-cap stocks, 10.30% in large-cap stocks, and 10.33% in mid-cap stocks.

Sector-wise fund allocation in ETF comprises:

• Automobile: 18.73%
• Consumer Staples: 17.46%
• Healthcare: 17.10%
• Energy: 10.13%
• Financial: 9.78%
• Others: 26.80%

The top 10 Holdings of stocks are around 40.91% in this ETF.

Here are the 10 company holdings in this ETF:

• Sun Pharma Industries: 4.87%
• Bharti Airtel: 4.56%
• ICICI Bank: 4.25%
• ITC: 4.01%
• Lupin: 3.78%
• Colgate-Palmolive: 3.73%
• Bajaj Auto: 3.70%
• Britannia Industries: 3.69%
• Reliance Industries: 3.67%
• Maruti Suzuki: 3.65%

In the last year, ICICI Prudential Nifty Alpha Low-Volatility 30 ETF has given a return of 52.17% compared to its benchmarked index which has given a return of 39.40% as of July 31, 2024.

Since its Inception, the ETF has given an annualised return of 26.27% to its investors.