ICICIPRAMC - ICICICONSU ETF

About ICICI Prudential Nifty India Consumption ETF

• ICICI Prudential Nifty India Consumption ETF is a passively managed fund scheme of ICICI Prudential Mutual Fund.
• The ETF was launched on October 28, 2021.
• The scheme’s assets under management were ₹53.88 crore as of June 30, 2024.
• Nishit Patel is the fund manager of ICICI Prudential Nifty India Consumption ETF.
• Any investors with a demat account can invest in the ETF through a broker or a trading platform.
• Investors can purchase the ETF units at the prevailing market price of the day.

Investment Objective & Benchmark

• ICICI Prudential Nifty India Consumption ETF is benchmarked against the Nifty India Consumption Index.
• The scheme aims to offer returns corresponding to the performance of stocks as represented by the underlying index, subject to tracking errors.
• The ETF offers investors an opportunity to gain from the growth of the domestic consumption sector market.
• With the growing size of the Indian economy and rising income levels, the demand for consumption in India is likely to maintain a stable upward trend.
• The ETF diversifies the available funds into companies from different sectors and thus limits the exposure to sector risks.
• The scheme follows a passive investment approach.
• A high-risk investment instrument, the scheme is best suited for long-term goal of wealth creation.

Asset Allocation & Portfolio Composition

• ICICI Prudential Nifty India Consumption ETF has allocated 99.75% of assets to equities and 0.25% to cash and cash equivalents.
• Giant cap stocks account for 71.95% of the portfolio while large caps account for 28.05%.
• Among the top five sectors, automobiles account for the maximum of 22.29%, FMCG 17.22%, retailing 12.07%, consumer durables 10.47%, and telecom 10.14%.
• The top 10 company holdings comprise 56.32% of the ETF’s asset allocation.

The top 10 constituents of ICICI Prudential Nifty India Consumption ETF are the following:

• ITC - 9.97%
• M & M - 9.12%
• Hindustan Unilever - 7.24%
• Maruti Suzuki - 5.21%
• Titan Company - 4.66%
• Asian Paints - 4.31%
• Zomato Ltd - 4.06%
• Trent - 3.96%
• Bajaj Auto - 3.48%
• Nestle India - 2.99%

The ETF has delivered a return of 41.91% in the last year as of August 12, 2024, compared to the benchmark returns of 42.31%.

Since its inception, the scheme has delivered a CAGR of 21.06%