Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Nifty Bank ETF

Holds 14 companies worth ₹2,438 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹2,438 CrICICI Prudential Nifty Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 20.3% on Aug 2026, ₹3,058 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Venus AhujaRuns it; listed since Nov 2025. With Nishit Patel (co-manager), Ajaykumar Solanki (co-manager), Ashwini Bharucha (co-manager).

Overview(6 Nov 2025)

Fund managers4

  1. Venus AhujaFund manager · Nov 2025 · 3y · B.Com
  2. Nishit PatelCo-manager · Jan 2021 · 7y · B.Com
  3. Ajaykumar SolankiCo-manager · Feb 2024 · 10y · CFA B.Com
  4. Ashwini BharuchaCo-manager · Nov 2024
  1. Ashwini ShindeNov 2024 – Nov 2025
  2. Priya SridharFeb 2024 – Dec 2024

Key facts

Benchmark
Nifty Bank TRI
Risk
Very High
Expense
Actual expenses as on October 31, 2025: 0.15%
Exit load
Nil
Started
10 Jul 2019
Minimum
During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its multiples. Further, any application by investors, other than Market Makers, must be for an amount exceeding INR 25 crores. However, the aforementioned threshold of INR 25 crores shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. All direct transactions in units of the Scheme by eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio.

Source.Its Scheme Summary Document as of 6 Nov 2025 at AMFI.

What changed(6 changes)

Nov 2025

4 changes
  1. Venus Ahuja joined
    5 Novas fund manager
  2. Ashwini Bharucha joined
    5 Novas co-manager
  3. Ashwini Shinde left
    5 Novran it as co-manager from Nov 2024
  4. Expense ratio
    5 NovRegular 0.15% → Actual expenses as on October 31, 2025: 0.15%

Dec 2024

2 changes
  1. Priya Sridhar left
    23 Decran it as co-manager from Feb 2024
  2. Expense ratio
    23 DecActual expenses as on October 31, 2024: 0.15% → Regular 0.15%

Source.Its filings at NSE, since Nov 2024.

Fund managers over time(Jan 2021 – now)

  1. Venus Ahuja
  2. Nishit Patel
  3. Ajaykumar Solanki
  4. Ashwini Bharucha
  5. Ashwini Shinde
  6. Priya Sridhar
MainCoSlice2022202320242025
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Dec 2024 – Nov 2025)

Every change to the expense ratio, newest first.
1 filingRegularDirectΔ pt
23 Dec 20240.15%––
Direct plan, 23 Dec 2024
–%
Regular plan 0.15% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Nov 2025)

Objective

The investment objective of the scheme is to provide returns before expenses that closely 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 would be achieved

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
Open Ended
Benchmark
Nifty Bank TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities of companies constituting the underlying index (Nifty Bank Index)
    Allowed95–100%Holds100.0%
  2. Units of Liquid schemes, Money Market Instruments (with maturity not exceeding 91 days), including TREPS , cash & cash equivalents
    Allowed0–5%

Holds in Sept 2026.100.0% equity

How to invest(6 Nov 2025)

Buying

To start
During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its multiples. Further, any application by investors, other than Market Makers, must be for an amount exceeding INR 25 crores. However, the aforementioned threshold of INR 25 crores shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. All direct transactions in units of the Scheme by eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio.

Selling and switching

To redeem
During Ongoing/Continuous Offer: On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy or sell units of the scheme in creation unit size and its multiples. Further, any application by investors, other than Market Makers, must be for an amount exceeding INR 25 crores. However, the aforementioned threshold of INR 25 crores shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. All direct transactions in units of the Scheme by eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio.

Scheme details(6 Nov 2025)

What it is

Category
Other Schemes - ETF/Index
Offer
3 Jul 2019 to 8 Jul 2019
Started
10 Jul 2019
Reopened
15 Jul 2019
Face value
₹1
Listed
Listed on BSE and NSE

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Citibank N.A.,HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
Auditor
BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/O/EET/19/06/0108