ICICI Prudential Nifty 100 ETF

About ICICI Prudential Nifty 100 ETF

• ICICI Prudential Nifty 100 ETF is an open-ended scheme managed by ICICI Mutual Fund House.
• The Nifty 100 Index comprises the top 100 large-cap stocks listed on the NSE. It is a broad representation of the Indian stock market, including a mix of blue-chip companies across various sectors.
• ICICI Prudential Nifty 100 ETF was launched on August 20, 2013.
• The assets under management (AUM) of this ETF stood at ₹86.91 crore as of June 30, 2024.
• The ETF follows a passive investment strategy with minimal trading and management costs.
• Nishit Patel is the fund manager.
• The ETF units are listed on both stock exchanges NSE and BSE. One can invest by buying units through a demat account with a registered broker.
• The ETF units can be traded at the prevailing prices during the usual market hours.

Investment Objective & Benchmark

• ICICI Prudential Nifty 100 ETF's objective is to provide returns that closely correspond to the total returns of the constituents of the underlying index.
• It is benchmarked against Nifty 100 TRI.
• The ETF aims to mirror the performance of the Nifty 100 Index by investing in the same stocks in the same proportions.
• This passive management strategy helps investors gain broad exposure to a significant segment of the Indian equity market.
• The risk level profile of ICICI Prudential Nifty 100 ETF is very high. It is suitable for those looking at a long-term wealth creation goal.
• The ETF’s liquidity depends on the trading volume and the underlying liquidity of the stocks in the Nifty 100 Index. Typically, large-cap ETFs have good liquidity.
• ICICI Prudential Nifty 100 ETF include a diverse range of sectors, limiting investors’ exposure to sectoral risks.

Asset Allocation of fund

• The asset allocation comprises around 99.71% in equities and 0.29% in cash & cash equivalents
• The ETF predominately invests in large and giant cap companies, investing nearly 90% of the available funds.

Top 5 sector-wise fund allocations:

• Banks: 24.7%
• IT-Software: 9.98%
• Petroleum Products: 8.86%
• Automobiles: 7.06%
• Finance: 5.78%

The top 10 holdings constitute 42.26% of the ETF’s asset allocation. Top 10 Holdings in stocks of this ETF include:

• HDFC Bank Ltd: 9.53%
• Reliance Industries Ltd: 7.96%
• ICICI Bank Ltd: 6.34%
• Infosys Ltd: 4.25%
• Larsen and Toubro Ltd: 3.11%
• Tata Consultancy Services Ltd: 2.97%
• ITC Ltd: 2.95%
• Bharti Airtel Ltd: 2.90%
• Axis Bank Ltd: 2.70%
• State Bank of India Ltd: 2.45%

Since its Inception, the ETF has given an annualised return of 16.67%.

The ETF has delivered a return of 33.01% in the last year compared to the benchmark index’s return of 4.2% as of August 2, 2024.