ICICIPRAMC - IPRU5008

About ICICI Prudential Nifty Bank ETF

• The ICICI Prudential Nifty Bank ETF is an open-ended fund offered by ICICI Prudential Mutual Fund House.
• The scheme invests in major banking stocks listed in India.
• ICICI Prudential Nifty Bank ETF was launched on July 10, 2019.
• The ETF’s assets under management (AUM) are at ₹2,988.93 crore as of July 31, 2024
• Nishit Patel is the fund manager of ICICI Prudential Nifty Bank ETF.
• The ETF units are listed on both exchanges NSE and BSE.
• One can invest by buying units through a demat account with a registered broker.

Investment Objective & Benchmark

• The ETF’s investment objective is to provide returns that closely correspond to the total returns of the underlying index.
• It is benchmarked against the Nifty Bank Total Return Index.
• The Nifty Bank Index comprises major banks in India, including public and private-sector banks.
• This index represents the performance of the top companies involved in the banking sector.
• The portfolio includes a mix of large-cap and mid-cap companies that are market leaders in the sector.
• For investors with a diversified portfolio, the ICICI Prudential Nifty Bank Index provides an opportunity to access the expanding banking sector in India.
• A very high-risk investment instrument, the ETF is suitable for those looking at a long-term goal of wealth creation.

Asset Allocation & Portfolio Composition

• The ETF holds 99.51% of its fund in equity and 0.49% in cash.
• Fund allocation in this ETF, according to the market capitalisation, is 67.22% in giant, 13.93% in large-cap, 14.87% in mid-cap and 3.98% in small-cap.
• Sector-wise fund allocation in ETF comprises 99.51% in the finance sector and 0.49% in others.
• The top 10 company holdings make up 96.63% of this ETF’s asset allocation

Here’s a list of top 10 company holdings in the ETF as of July 31, 2024.

• HDFC Bank: 27.45%
• ICICI Bank: 23.95%
• Kotak Mahindra Bank: 10.27%
• Axis Bank: 9.29%
• State Bank of India: 10.49%
• IndusInd Bank: 5.43%
• Federal Bank: 2.75%
• Bank of Baroda: 2.71%
• Punjab Natl. Bank: 2.12%
• AU Small Finance: 2.07%

In the last one year, ICICI Prudential Nifty Bank ETF has given a return of 15.77% compared to its benchmark returns of 13.77% as of July 31, 2024.

Since its Inception, the ETF has given an annualised return of 10.72% to its investors.