ICICIPRAMC - ICICINXT50 ETF

About ICICI Prudential Nifty Next 50 ETF

• ICICI Prudential Nifty Next 50 ETF is an open-ended equity scheme that belongs to ICICI Prudential Mutual Fund House.
• The scheme invests in stocks that potentially are next in line to be part of the Nifty 50 Index.
• Nishit Patel is the manager of the ICICI Prudential Nifty Next 50 ETF.
• The scheme was launched on August 23, 2018.
• The risk profile of ICICI Prudential Nifty Next 50 ETF is very high.
• The ETF’s assets under management (AUM) stood at ₹821.03 crore, as of July 31, 2024.
• ICICI Prudential Nifty Next 50 ETF units are listed on NSE and BSE, one can invest by buying units through a broker.
• All the units can be bought by Retail investors directly from the demat account at a market price during each session.

Investment Objective & Benchmark

• The ICICI Prudential Nifty Next 50 ETF objective is to match the performance of the stocks part of the underlying index, subject to minor tracking errors.
• It is benchmarked against the Nifty Next 50 Index, which features the 50 largest stocks from the Next Nifty 50 Index that are not included in the Nifty 50 Index.
• The index includes 50 large-cap stocks that are potential candidates to be part of the Nifty 50 in the future.
• The ICICI Prudential Nifty Next 50 ETF offers exposure to a diversified portfolio of stocks across various sectors. This diversification limits investors’ exposure to sectoral risks.
• ICICI Prudential Nifty Next 50 ETF provides investors with an opportunity to invest in stocks with potential growth prospects with its passive investment approach.

Asset Allocation & Portfolio Composition

• The fund allocation of ICICI Prudential Nifty Next 50 ETF comprises around 99.99% in equities and 0.01% in cash & cash equivalents.

The top 5 sector-wise allocations of funds comprise around 44.98%:

• Finance: 13.19%
• Retailing: 11.07%
• Aerospace & Defense: 8.97%
• Personal Products: 5.99%
• Power: 5.76%

The top 10 holdings constitute around 37% of the ETF's asset allocation. Here’s a list of the top 10 company holdings in the ETF:

• Trent Limited: 5.62%
• Bharat Electronics Limited: 4.94%
• Hindustan Aeronautics Limited: 4.03%
• Power Finance Corporation Limited: 3.53%
• Rec Limited: 3.48%
• Tata Power: 3.36%
• Vedanta Limited: 3.31%%
• InterGlobe Aviation Limited: 3.24%
• Indian Oil Corporation Limited: 2.91%
• GAIL: 2.84%

Since its inception, the ETF has given an annualised return of 16.85% to its investors.
In the last one year, the ICICI Prudential Nifty Next 50 ETF has given a return of 69.06% against benchmark returns of 69.4% as of July 31, 2024.