ICICI Prudential S&P BSE Sensex ETF Completes 21 Years
One of the largest and oldest ETF offerings of ICICI Prudential Mutual Fund based on the S&P BSE Sensex Index – ICICI Prudential S&P BSE Sensex ETF has completed 21 years.
This scheme with an AUM of Rs 4,560.71 crore (31 December 2023) has a tracking error of 0.04 per cent (1-Year) and an expense ratio of 0.03 per cent. Tracking error represents how closely the scheme has been successful in replicating its underlying index. Lower tracking errors can help invest in a balanced one.
Speaking on the occasion of 21 years’ completion, Chintan Haria, Principal- Investment Strategy, ICICI Prudential AMC says, “The journey of ICICI Prudential Sensex ETF is a story of the growth of the Indian equity market over the past two decades. We are pleased that investors who remained invested had a pleasant investment experience.”
Over the past few years, the fund house has launched a variety of offerings encompassing both strategic and tactical investment products spanning market capitalisations, sectors, asset classes and smart beta offerings. Today, with 29 ETF schemes catering to the various investment needs of an investor. Across various product categories, several of the ICICI Prudential ETF offerings have relatively lower tracking error and expense ratios.
Haria further added, “Over the past few years, with the rise in the number of demat accounts and market participants, the interest in ETFs has significantly improved, especially, when it comes to taking exposure to benchmark indices. This has been the result of improving investor awareness among the masses and increasing comfort around including passive strategies as a part of one’s portfolio. We believe this trend will continue in the times ahead.”
A lump sum investment of Rs. 1 lakh at the time of inception (10 January 2003), as of 31 December 2023, would be approximately worth Rs 26.4 lakh i.e. a CAGR of 16.9 per cent. In the same timeframe, the benchmark S&P BSE SENSEX TRI delivered a CAGR of 17.4 per cent. Given that ETFs replicate the underlying index, the difference between the benchmark index returns and the scheme return is attributed to tracking error.
For further information, please get in touch with Adil Bakhshi, Principal- PR & Corporate Communication
Email: adil_bakhshi@icicipruamc.com, Landline: 022-66470274
Riskometer & Disclaimer
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential S&P BSE Sensex ETF.
2. The scheme is currently managed by Kayzad Eghlim & Nishit Patel. Mr. Kayzad Eghlim has been managing this fund since Aug 09. Total Schemes managed by the Fund Manager are 40 (40 are jointly managed).
Mr. Nishit Patel has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager are 43 (43 are jointly managed). Refer annexure from page no. 77 to 86 for performance of other schemes currently managed by Kayzad Eghlim & Nishit Patel.
3. Date of inception:10-Jan-03.
4. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.
5. Load (if any) is not considered for computation of returns.
6. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period
7. The performance of the scheme is benchmarked to the Total Return variant of the Index.
8. NAV is adjusted to the extent of IDCW declared (if any) for computation of returns.
Click Here to view performance of other schemes managed by fund managers of the scheme.
Scrip Code: NSE: SENSEXIETF, BSE: SENSEXIETF | 555555
ICICI ETF is a part of ICICI Prudential Mutual Fund and is used for exchange traded funds managed by ICICI Prudential Asset Management Company Limited.
For the disclaimer of BSE Limited, NSE Limited and AIPL Limited, kindly refer to the SID of the Scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully
