ICICI Prudential AMC's S&P BSE Sensex ETF marks a significant milestone, completing 21 successful years. ETF investments have witnessed a surge in popularity among investors, with ICICI Prudential AMC's S&P BSE Sensex ETF operating based on the renowned Sensex index.
As of December 31, 2023, the assets under management for this ETF reached an impressive Rs 4,560.71 crore, reflecting its robust performance. Notably, the scheme boasts a minimal expense ratio of just 0.03 per cent.
Reflecting on the ETF's 21-year journey, Chintan Haria, Chief Investment Strategist at ICICI Prudential AMC, remarked, "The trajectory of ICICI Prudential Sensex ETF illustrates the remarkable growth witnessed by the Indian stock market over two decades. Investors who have consistently engaged with this scheme have enjoyed a rewarding investment experience."
The surge in the number of demat accounts and investors in recent years has led to heightened interest in ETFs tied to benchmark indices. This trend is attributed to increased investor awareness. Chintan Haria expressed optimism that this growing interest in ETFs will persist in the future.
Over the past 20 years, the ICICI Sensex ETF has delivered an average return of 16.9 per cent per annum (CAGR). To exemplify, an investment of Rs 1 lakh in the scheme at its launch on January 10, 2003, would have multiplied to Rs 26.4 lakh by December 31, 2023, showcasing substantial growth for investors.
Data in this section is not a buy/sell recommendation but only a compilation of information on various technical/volume-based parameters
Analyst certifies that all of the views, if any, expressed in this report reflect his personal views about the subject company or companies and its or their securities, and no part of his compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. Analyst affirms that there exists no conflict of interest that can bias his views in this report. The Analyst does not hold any share(s) in the company/ies discussed.
General Disclaimer and Terms & Conditions of the research report
INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS. READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. For a detailed disclaimer and disclosure please visit https://www.vikatan.com/business/share-market/113898-disclaimer-disclosures. Before making an investment/trading decision on the basis of this data you need to consider, with the assistance of a qualified adviser, whether the investment/trading is appropriate in light of your particular investment/trading needs, objectives and financial circumstances.
One year Price history of the daily closing price of the securities covered in this section is available at https://www.nseindia.com/report-detail/eq_security (Choose the respective symbol) /name of company/time duration)
Before investing, an investment decision should be taken in consultation with a SEBI registered investment advisor. It can be profitable to wait for the right opportunities and buy fewer when those opportunities are available.