July 27, 2024
mayank
ICICI Prudential Nifty Metal ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ICICI Prudential Nifty Metal ETF Open Date, Close Date?
NFO opens on August 01, 2024
NFO will close on August 12, 2024
What is the Investment Strategy?
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 | 01 August 2024 |
| Issue Close | 12 August 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Metal TRI |
What is the Benchmark Index of ICICI Prudential Nifty Metal Exchange Traded Fund?
The Nifty Metal Index is designed to reflect the behaviour and performance of the Metals sector (including mining). The Nifty Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE).
Nifty Metal Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Metal Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Metal Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 18.86 | 23.02 | 58.06 | 26.92 | 11.78 |
| Total Return | 18.88 | 23.11 | 58.68 | 28.97 | 13.98 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 24.32 | 31.51 | 34.32 |
| Beta (NIFTY 50) | 1.42 | 1.17 | 1.24 |
| Correlation (NIFTY 50) | 0.75 | 0.72 | 0.78 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 34.65 | 2.84 | 1.38 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Tata Steel Ltd. | 20.97 |
| Hindalco Industries Ltd. | 14.82 |
| JSW Steel Ltd. | 12.99 |
| Adani Enterprises Ltd. | 12.18 |
| Vedanta Ltd. | 9.38 |
| Jindal Steel & Power Ltd. | 5.61 |
| NMDC Ltd. | 4.11 |
| APL Apollo Tubes Ltd. | 4.04 |
| Jindal Stainless Ltd. | 3.86 |
| Steel Authority of India Ltd. | 3.14 |
Performance Review of the Fund Managers of ICICI Prudential Nifty Metal ETF?
1) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Past Performance of his Schemes
| Fund | ICICI Prudential BSE Sensex ETF | It’s Benchmark | ICICI Prudential BHARAT 22 FOF | It’s Benchmark |
| 1 Year | 23.46 | 32.15 | 68.28 | 32.15 |
| 3 Year | 16.86 | 19.14 | 42.79 | 19.14 |
| 5 Year | 17.82 | 19.72 | 26.80 | 19.72 |
| 7 Year | 15.32 | 15.66 | — | — |
| 10 Year | 13.29 | 14.32 | — | — |
As on 27-07-2024
2) Priya Sridhar
Education: Ms. Sridhar has done B.Com and M.F.M
Experience: Prior to joining ICICI Prudential Mutual Fund, she has worked with ITI Mutual Fund and LIC Housing Finance Ltd
Past Performance of his Schemes
| Fund | ICICI Prudential Nifty50 Value 20 Index Fund | It’s Benchmark | ICICI Prudential BSE 500 ETF FOF | It’s Benchmark |
| 1 Year | — | — | 37.04 | 38.26 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 27-07-2024
Which Company Owns ICICI Prudential Nifty Metal Exchange Traded Fund?
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
Is it good to invest in ICICI Prudential Nifty Metal ETF NFO?
Guidance for ICICI Prudential Nifty Metal ETF by Paresh Gordhandas, C.A., Research Analyst.
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