July 25, 2023
mayank
ICICI Prudential Nifty 200 Quality 30 ETF NFO details, Portfolio, Returns, Peer Comparison, Guidance
NFO opens on July 21, 2023
NFO will close on August 04, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy of ICICI Prudential Nifty 200 Quality 30 ETF NFO
The scheme seeks to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 21 July 2023 |
| Issue Close | 04 August 2023 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(₹) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 200 Quality 30 TRI |
Benchmark Index of ICICI Prudential Nifty 200 Quality 30 ETF NFO
The Nifty200 Quality 30 index includes top 30 companies from its parent Nifty 200 index, selected based on their ‘quality’ scores. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analysed during the previous 5 years.
The weights of the stocks are derived from their Quality scores and square root of free float Mcap. The stock weight is capped at 5%. The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 11.66 | 10.14 | 19.66 | 10.88 | 16.26 |
| Total Return | 12.12 | 10.86 | 21.40 | 12.83 | 18.31 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.84 | 16.70 | 18.59 |
| Beta (NIFTY 50) | 0.71 | 0.75 | 0.78 |
| Correlation (NIFTY 50) | 0.76 | 0.87 | 0.92 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 26.69 | 9.61 | 2.38 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Infosys Ltd. | 5.16 |
| Tata Consultancy Services Ltd. | 5.08 |
| HCL Technologies Ltd. | 4.99 |
| Asian Paints Ltd. | 4.98 |
| ITC Ltd. | 4.97 |
| Nestle India Ltd | 4.96 |
| Hindustan Unilever Ltd. | 4.95 |
| Coal India Ltd | 4.84 |
| Colgate Palmolive (India) Ltd. | 4.47 |
| Tech Mahindra Ltd. | 4.17 |
Fund Manager of ICICI Prudential Nifty 200 Quality 30 ETF NFO
1) Kayzad Eghlim
Education: Mr. Eghlim is a B.Com (H) and M Com.
Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
Past Performance of his Schemes
| Fund | ICICI Prudential Nifty 50 Index Fund | It’s Benchmark | ICICI Prudential Nifty Next 50 Index Fund | It’s Benchmark |
| 1 Year | 21.66 | 21.93 | 11.46 | 21.93 |
| 3 Year | 22.70 | 23.92 | 18.52 | 23.92 |
| 5 Year | 13.25 | 14.07 | 9.83 | 14.07 |
| 7 Year | 13.35 | 14.27 | 10.89 | 14.27 |
| 10 Year | 13.33 | 14.46 | 13.96 | 14.46 |
2) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Past Performance of his Schemes
| Fund | ICICI Prudential BHARAT 22 FOF | It’s Benchmark | ICICI Prudential Nifty 100 ETF | It’s Benchmark |
| 1 Year | 41.00 | 21.93 | 18.68 | 21.93 |
| 3 Year | 38.47 | 23.92 | 21.86 | 23.92 |
| 5 Year | 15.18 | 14.07 | 12.88 | 14.07 |
| 7 Year | — | — | 13.25 | 14.27 |
| 10 Year | — | — | — | — |
AMC:
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Guidance for ICICI Prudential Nifty 200 Quality 30 ETF NFO by Paresh Gordhandas, C.A., Research Analyst.
A thematic fund based on the Nifty200 Quality 30 Index. The Index includes top 30 companies from its parent Nifty 200 index, selected based on their ‘quality’ scores. Hence, these are cherry picked stocks from different sectors. The holding in each company is capped at 5%.
While analyzing a fund/NFO the stock picking skills of the Fund Manager also need to be taken into consideration. We have done a sample comparison of the funds managed by the two Fund Managers(FM). You can refer the tables above for the same. If you take a look, you will notice that the funds have been underperforming their benchmarks by a small margin in most cases.
Here, we should keep in mind that the AMC is ICICI Pru and also that the fund will mostly track the Index which comprises of good companies. Can Invest in this NFO.
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