Description

The ICICI Prudential Nifty 100 ETF is an exchange-traded fund (ETF) jointly established by ICICI Bank Ltd. and Prudential plc. This fund is managed by ICICI Prudential Asset Management Company Limited and strategically invests in India's public equity markets. It aims to achieve broad diversification by targeting companies from various sectors and across all market capitalizations. The core strategy of the ETF is to passively track the performance of the CNX 100 Index, holding the same underlying stocks in proportions consistent with the index's composition. Launched on August 20, 2013, the fund is domiciled in India and was previously known as the ICICI Prudential Nifty 100 iWIN ETF.