ICICI Pru Nifty Commodities ETF

About ICICI Prudential Nifty Commodities ETF

• The ICICI Prudential Nifty Commodities ETF is an open-ended exchange-traded that belongs to theICICI Prudential Mutual Fund house.
• The inception date of the ICICI Prudential Nifty Commodities ETF is December 15, 2022.
• The fund’s exchange code on the National Stock Exchange (NSE) is COMMOIETF.
• The ICICI Prudential Nifty Commodities ETF includes 30 constituents, all of which are part of the Nifty 500.
• The index is rebalanced semi-annually – on January 31 and July 31.
• The fund’s assets under management (AUM) are ₹37.34 crore, as of June 30, 2024.
• Nishit Patel, Kewal Shah and Priya Sridhar are the fund managers.

Investment Objective & Benchmark

• The investment objective of the ICICI Prudential Nifty Commodities ETF is to provide returns before expenses that correspond to the total return of the underlying index.
• The ICICI Prudential Nifty Commodities ETF’s benchmark is the NIFTY Commodities Total Return Index (TRI).
• The Nifty Commodities Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the commodities segment. It includes sectors such as oil, petroleum products, cement, power, chemicals, sugar, metals and mining.
• Investors must note that the fund falls under the very high risk category.
• An investment horizon of at least three years would be ideal for the ICICI Prudential Nifty Commodities ETF
• Commodity ETFs offer exposure to commodities without having to learn how to purchase futures or derivatives.

Asset Allocation & Portfolio Composition

• The ICICI Prudential Nifty Commodities ETF’s asset allocation is almost 100% in equity, 0.04% in other assets and 0.19% in debt.
• In terms of top sectors, the fund’s allocation includes power at 20.81%, petroleum products at 18.14%, cement and cement products at 17.11%, ferrous metals at 14.61% and chemicals and petrochemicals at 5.89%.
• The top 10 company holdings constitute 72.4% of the asset allocation.

The top holdings of the ICICI Prudential Nifty Commodities ETF with their weight in the portfolio in percentage as of June 30, 2024, are:

• Reliance Industries: 10.53%
• NTPC: 8.99%
• Tata Steel: 7.17%
• UltraTech Cement: 6.74%
• Coal India: 5.40%
• ONGC: 5.35%
• Hindalco Industries: 5.07%
• Grasim Industries: 4.93%
• JSW Steel: 4.44%
• Tata Power Company: 3.73%

The ETF has delivered a return of 53.17% in the last one year as of July 31, 2024, compared to the benchmark index's 52.58%

Since its inception, the scheme has posted a return of 32.54%