ICICI Prudential Nifty Auto ETF (G)

ICICI Prudential Nifty Auto ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty Auto TR INR. ICICI Prudential Nifty Auto ETF (G) is managed by the ICICI Prudential Asset Management Company Limited with the fund managers being Kayzad Eghlim, Nishit Patel. The ICICI Prudential Nifty Auto ETF (G) was launched on Jan 12, 2022 with no lock-in period. Since its inception, the fund has delivered 4.8% as a return on investment. The fund has delivered a 1-year return of 17.5%, a 3-year return of null%, and a 5-year return of null%.

As on 23 Mar, 2023 the NAV of the fund is Rs 123.24 and the AUM is Rs 93.28 crores. The fund charges an expense ratio of 0.2% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty Auto TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years.

Scripbox provides a unique feature through which you can compare the performance of ICICI Prudential Nifty Auto ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.