Discover the success story of ICICI Prudential Mutual Fund’s S&P BSE Sensex ETF, celebrating 21 years as a stalwart in the market. With an AUM of Rs 4,560.71 crore and a minuscule tracking error of 0.04%, this ETF has become a beacon for investors seeking consistent returns.
Investor-Friendly Metrics:
Delve into the investor-friendly metrics of the ICICI Prudential Sensex ETF. Boasting an expense ratio of just 0.03%, the scheme provides a cost-effective option for investors. Lower tracking errors, like the 0.04% achieved, enhance the appeal of this ETF for balanced investment portfolios.
Diverse Offerings:
Explore ICICI Prudential AMC’s commitment to diversification with a range of ETF offerings. With 29 schemes covering various market caps, sectors, asset classes, and smart beta strategies, the fund house caters to diverse investor needs.
Performance Insights:
Uncover the fund’s impressive performance over the years. A lump sum investment of Rs 1 lakh at inception would be worth Rs 26.4 lakh today, yielding a commendable CAGR of 16.9%. For those who opted for a SIP with Rs 10,000 in January 2003, the investment would now be valued at an astonishing Rs 2 crore.
Benchmark Comparison:
Compare the ETF’s performance with the benchmark S&P BSE SENSEX TRI, which delivered a slightly higher CAGR of 17.4%. The tracking error, representing the difference between benchmark index returns and scheme returns, highlights the precision of ICICI Prudential Sensex ETF in mirroring the market.
Management Expertise:
Meet the skilled fund managers, Kayzad Eghlim and Nishit Patel, steering the ICICI Prudential Sensex ETF. Eghlim has managed the fund since Aug 09, overseeing a total of 40 schemes. Patel, managing since Jan 2021, handles 43 schemes, showcasing the expertise behind the ETF’s success.
Conclusion:
As the ICICI Prudential Sensex ETF continues its triumphant journey, investors witness not just the growth of an investment but a testament to the evolving landscape of the Indian equity market. With competitive metrics, diverse offerings, and expert management, this ETF stands as a beacon for wealth creation.
(Image/Pixabay)
