Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Nifty Metal ETF

Holds 15 companies worth ₹978 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹978 CrICICI Prudential Nifty Metal ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.4% on Aug 2026, ₹1,045 Cr.

  • Largest holding

    Tata Steel LimitedTata Steel Limited is 17.3% of this scheme's NAV.

  • Fund manager

    Nishit PatelRuns its co-manager part since 20 Aug 2024, as the fund house dates it. With Ashwini Bharucha (co-manager), Venus Ahuja (co-manager).

Overview(7 Nov 2025)

Fund managers3

  1. Nishit PatelCo-manager · Aug 2024 · 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 SridharAug 2024 – Dec 2024

Key facts

Benchmark
Nifty Metal TRI
Risk
Very High
Expense
Regular 0.4%
Exit load
Nil
Started
14 Aug 2024
Minimum
During Ongoing/Continuous During ongoing offer period: 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: Authorized Participant(s)/ Investor(s) can buy/sell units of the Scheme in Creation Unit Size viz. 3,90,000 units and in multiples thereof. Furthermore, 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 or any extended timelines by SEBI: 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 7 Nov 2025 at AMFI.

What changed(6 changes)

Nov 2025

3 changes
  1. Ashwini Bharucha joined
    6 Novas co-manager
  2. Venus Ahuja joined
    6 Novas co-manager
  3. Ashwini Shinde left
    6 Novran it as co-manager from Nov 2024

Dec 2024

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

Nov 2024

2 changes
  1. Ashwini Shinde joined
    7 Novas co-manager
  2. Expense ratio
    7 NovUpto 1.00 % of daily NAV → Regular 0.4%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Aug 2024 – now)

  1. Nishit Patel
  2. Ashwini Bharucha
  3. Venus Ahuja
  4. Ashwini Shinde
  5. Priya Sridhar
MainCoSlice2025
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 20240.40%––
Direct plan, 7 Nov 2024
–%
Regular plan 0.40% · 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(7 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 Metal TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities of companies constituting the underlying index (Nifty Metal 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(7 Nov 2025)

Buying

To start
During Ongoing/Continuous During ongoing offer period: 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: Authorized Participant(s)/ Investor(s) can buy/sell units of the Scheme in Creation Unit Size viz. 3,90,000 units and in multiples thereof. Furthermore, 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 or any extended timelines by SEBI: 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 abc: 1 unit on SE or 3.9L from AMC

Selling and switching

To redeem
On Stock Exchange(s): Investor can buy / sell units of the Scheme in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Eligible Investors can buy/sell units of the Scheme in Creation Unit Size viz. 3,50,000 units and in multiples thereof. 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(7 Nov 2025)

What it is

Category
Other Schemes – ETF
Offer
1 Aug 2024 to 12 Aug 2024
Started
14 Aug 2024
Reopened
20 Aug 2024
Face value
₹10
Listed
Listed on BSE and NSE

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited, SBI-SG Global Securities Services Pvt.Ltd., Citibank N. A. and Hong Kong and Shanghai Banking Corporation Limited (HSBC)
Auditor
M/s BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/O /EET/24/06/0181