ICICIPRAMC - ICICIMOM30 ETF

About ICICI Prudential Nifty 200 Momentum 30 ETF

• ICICI Prudential Nifty 200 Momentum 30 ETF is an open-ended scheme and it belongs to ICICI Prudential Mutual Fund House. It is an Exchange Traded Fund (ETF).
• New Delhi-registered ICICI Prudential Asset Management Company Limited is the controlling company of the ETF. ICICI Prudential Trust Limited is the trustee while the fund managers are Priya Sridhar and Nishit Patel.
• The scheme was launched on August 4, 2022. The ETF is listed on the National Stock Exchange of India (NSE) and BSE.
• ICICI Prudential Nifty 200 Momentum 30 ETF tracks and mirrors the Nifty200 Momentum 30 Total Return Index (TRI). It aims to reflect the performance of the underlying index to the extent possible in the fund values.
• Since its commencement, the scheme has yielded Compounded Annualised Growth Return (CAGR) of 42.80% as of July 29, 2024.
• The ETF has given annualised returns of 66.68% in the past one year as of July 29, 2024.
• The Assets Under Management (AUM) of ICICI Prudential Nifty 200 Momentum 30 ETF was ₹233.13 crore, as of June 30, 2024.

Investment Objective and Benchmark

• The investment objective of the scheme is “to provide returns before expenses that correspond to the total return of the underlying index (Nifty200 Momentum 30 Total Return Index) subject to tracking errors”.
• The Nifty 200 Momentum 30 Total Return Index (TFI) reflects the showing of the top 30 stocks identified based on their normalised momentum score from within the Nifty 200 Index.
• The normalised momentum score of each of the stocks is decided by considering their six-month and 12-month price return, after taking into account the ups and downs in their daily prices.
• The weightage of each stock in the index is determined by multiplying the normalised momentum score with the scrip’s free float market capitalisation. The free-float market capitalisation is calculated by multiplying the ongoing stock price with the quantity of shares available for public trading.
• ICICI Prudential Nifty 200 Momentum 30 ETF chooses its constituent stocks in a proportion that conforms, as close as practicable, to their weightage in the Nifty200 Momentum 30 Total Return Index (TRI).
• The portfolio is reviewed twice a year, in June and December, to ensure it mirrors the market movements.

Asset Allocation & Portfolio Composition

The asset allocation under the Scheme is 95%-100% in equity and equity-related securities of companies making up the NIFTY200 Momentum 30 Index. For the rest 0-5%, the fund can dip into money market instruments including Treasury Bills Repurchase (TREPs) - a financial instrument representing a short-term lending and borrowing arrangement between two parties - or the same type of instruments permitted by RBI/ SEBI.

As of June 28, 2024, the equity holdings in the ETF comprised around 99.83% of its assets. Short-term debt and net current assets made up the rest 0.13%.

As of June 30, 2024, the top 10 equity holdings in the ETF comprised
around 49.97% of its assets.

ICICI Prudential Nifty 200 Momentum 30 ETF top 10 holdings:

• NTPC Ltd- 5.19%
• Tata Motors Ltd- 5.13%
• Trent Ltd- 5.08%
• Bharti Airtel Ltd- 5.05%
• Adani Ports and Special
• Economic Zone Ltd- 5.03%
• Siemens Ltd- 5%
• Bharat Electronics Ltd- 4.89%
• Mahindra & Mahindra Ltd- 4.88%
• Bajaj Auto Ltd- 4.87%
• Hindustan Aeronautics Ltd- 85%