ICICI Prudential Nifty EV & New Age Automotive ETF Review – ICICI Prudential Nifty EV & New Age Automotive ETF Review Direct NFO Open on 21 March 2025 and Close on 2 April 2025. ICICI Prudential Nifty EV & New Age Automotive ETF Direct NFO Allotment Date is 2 April 2025, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is ₹N/A.
Type of the Scheme
An open-ended Exchange Traded Fund tracking the Nifty EV & New Age Automotive Index.
Scheme Benchmark: Nifty EV and New Age Automotive TRI
ICICI Prudential Nifty EV & New Age Automotive ETF Scheme Benchmark
| Company | Weightage |
|---|---|
| Maruti Suzuki India Ltd. | 10.16 |
| Bajaj Auto Ltd. | 8.25 |
| Mahindra & Mahindra Ltd. | 8.05 |
| Tata Motors Ltd. | 7.76 |
| Reliance Industries Ltd. | 4.57 |
| L&T Technology Services Ltd. | 4.50 |
| Sona BLW Precision Forgings Ltd. | 3.85 |
| KPIT Technologies Ltd. | 3.82 |
| Tata Elxsi Ltd. | 3.63 |
| Bosch Ltd. | 3.60 |
ICICI Prudential Nifty EV & New Age Automotive ETF Important Date
| Scheme Offer | ICICI Prudential Nifty EV & New Age Automotive ETF |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 21 Mar 2025 |
| Close Date | 02 Apr 2025 |
| Allotment Date | 02 Apr 2025 |
| Category | Other Schemes – ETFs |
| Min Inv ₹ | ₹1,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty EV and New Age Automotive TRI |
Investment Objective of the Scheme?
The investment objective of the Scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
ICICI Prudential Nifty EV & New Age Automotive ETF Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1,000 |
| Min. SIP | Rs. [.] |
ICICI Prudential Nifty EV & New Age Automotive ETF Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related securities of companies constituting the underlying index | 95% | 100% |
| Money market instruments including TREPs | 0% | 5% |
Manager Manage the Scheme?
Fund Manager: Mr. Nishit Patel
Qualification: Chartered Financial Analyst (CFA) (Level I), Chartered Accountant and B.Com
Experience: He joined ICICI Prudential Asset Management Company Limited in November 2018. Past Experience: ~ ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Fund Manager: Ms. Ashwini Shinde
Qualification: Bachelor of Commerce (B.Com), Master of Commerce (M.Com) from Mumbai University and Inter CA
Experience: Past Experience: ~ ICICI Prudential Asset Management Company Limited – Treasury Mutual Fund Operations – March 14, 2016, to January 30, 2020 ~ ICICI Prudential Asset Management Company Limited – Treasury Mutual Fund Operations – August 3, 2021 to July 31, 2024.
ICICI Prudential Nifty EV & New Age Automotive ETF Sector Representation
| Sector | Weightage |
|---|---|
| Automobile and Auto Components | 67.83 |
| Information Technology | 14.21 |
| Chemicals | 8.72 |
| Capital Goods | 4.62 |
| Oil, Gas & Consumable Fuels | 4.57 |
| Consumer Services | 0.04 |
ICICI Prudential Nifty EV & New Age Automotive ETF Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -14.09 | -14.09 | -2.74 | 29.08 | 14.51 |
| Total Return | -14.07 | -14.07 | -2.15 | 30.15 | 15.57 |
Where Will the Scheme Invest?
- Equity and equity-related securities form part of the underlying index.
- Derivative instruments like Stock / Index Futures, Stock / Index Options and other derivative instruments are permitted by SEBI.
- Money market instruments which include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity of up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time; to meet the liquidity requirements.
- Units of money market/liquid Schemes managed by the AMC provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI Regulations.
- TREPS.
Also Read: ICICI Prudential Rural Opportunities Fund Review
ICICI Prudential Nifty EV & New Age Automotive ETF Registrar
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