Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Nifty Financial Services Ex Bank ETF

Holds 30 companies worth ₹198 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹198 CrICICI Prudential Nifty Financial Services Ex Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.8% on Aug 2026, ₹215 Cr.

  • Largest holding

    Bajaj Finance LimitedBajaj Finance Limited is 15.8% of this scheme's NAV.

  • Fund manager

    Nishit PatelRuns its co-manager part since 25 Nov 2022, as the fund house dates it. With Ashwini Bharucha (co-manager), Venus Ahuja (co-manager).

Overview(6 Nov 2025)

Fund managers3

  1. Nishit PatelCo-manager · Nov 2022 · 7y · B.Com
  2. Ashwini BharuchaCo-manager · Nov 2024
  3. Venus AhujaCo-manager · Nov 2025 · 3y · B.Com
  1. Ashwini ShindeNov 2024 – Nov 2025
  2. Priya SridharFeb 2024 – Dec 2024

Key facts

Benchmark
Nifty Financial Services Ex-Bank TRI
Risk
Very High
Expense
Actual expenses as on October 31, 2025: 0.20%
Exit load
Nil
Started
25 Nov 2022
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(5 changes)

Nov 2025

4 changes
  1. Expense ratio
    6 NovRegular 0.2% → Actual expenses as on October 31, 2025: 0.20%
  2. Ashwini Bharucha joined
    5 Novas co-manager
  3. Venus Ahuja joined
    5 Novas co-manager
  4. Ashwini Shinde left
    5 Novran it as co-manager from Nov 2024

Dec 2024

1 change
  1. Priya Sridhar left
    26 Decran it as co-manager from Feb 2024

Source.Its filings at NSE, since Nov 2024.

Fund managers over time(Nov 2022 – now)

  1. Nishit Patel
  2. Ashwini Bharucha
  3. Venus Ahuja
  4. Ashwini Shinde
  5. Priya Sridhar
MainCoSlice202320242025
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(Nov 2024 – Nov 2025)

Every change to the expense ratio, newest first.
1 filingRegularDirectΔ pt
7 Nov 20240.20%––
Direct plan, 7 Nov 2024
–%
Regular plan 0.20% · 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 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 Financial Services Ex-Bank TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities of companies constituting the underlying index (Nifty Financial Services Ex-Bank Index)
    Allowed95–100%Holds100.0%
  2. Money market instruments including TREPs
    Allowed0–5%Holds0.0%

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.., then in multiples of ₹1

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
16 Nov 2022 to 25 Nov 2022
Started
25 Nov 2022
Reopened
30 Nov 2022
Face value
₹10
Listed
Listed on BSE and NSE

How it is run

Swing pricing
No
Side-pocketing
Enabling provisions for Segregated Portfolio are available
Custodian
Citibank N.A., HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
Auditor
M/s BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/O/EET/22/10/0156