Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Nifty Top 15 Equal Weight ETF

Holds 15 companies worth ₹13.8 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹13.8 CrICICI Prudential Nifty Top 15 Equal Weight ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 5.9% on Aug 2026, ₹13 Cr.

  • Largest holding

    Kotak Mahindra Bank LimitedKotak Mahindra Bank Limited is 7.0% of this scheme's NAV.

  • Fund manager

    Nishit PatelRuns its co-manager part since 26 Jun 2025, 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 · Jun 2025 · 7y · B.Com
  2. Ashwini BharuchaCo-manager · Jun 2025
  3. Venus AhujaCo-manager · Nov 2025 · 3y · B.Com
  1. Ashwini ShindeJun 2025 – Nov 2025

Key facts

Benchmark
Nifty Top 15 Equal Weight TRI
Expense
Regular 0.35%
Exit load
Nil
Started
26 Jun 2025
Minimum
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. 3,70,000 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.

Source.Its Scheme Summary Document as of 7 Nov 2025 at AMFI.

What changed(4 changes)

Nov 2025

4 changes
  1. Expense ratio
    7 NovUpto 1.00% of the daily NAV → Regular 0.35%
  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 Jun 2025

Source.Its filings at NSE, since Jul 2025.

Fund managers over time(Jun 2025 – now)

  1. Nishit Patel
  2. Ashwini Bharucha
  3. Venus Ahuja
  4. Ashwini Shinde
MainCoSlice
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 2025 – Nov 2025)

Every change to the expense ratio, newest first.
1 filingRegularDirectΔ pt
7 Nov 20250.35%––
Direct plan, 7 Nov 2025
–%
Regular plan 0.35% · 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 Nifty Top 15 Equal Weight 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

At launch
Very High
Type
Open Ended
Benchmark
Nifty Top 15 Equal Weight TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities of companies constituting the underlying index (Nifty Top 15 Equal Weight Index)
    Allowed95–100%Holds100.0%
  2. Money market instruments including TREPs*, Units of debt schemes
    Allowed0–5%

Holds in Sept 2026.100.0% equity

How to invest(7 Nov 2025)

Buying

To start
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. 3,70,000 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., then 1 Unit

Selling and switching

To redeem
Any amount or 1 units

Scheme details(7 Nov 2025)

What it is

Category
Others - ETFs
Offer
10 Jun 2025 to 24 Jun 2025
Started
26 Jun 2025
Reopened
2 Jul 2025
Face value
₹10
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/25/02/0194