ICICI Prudential Nifty Next 50 ETF
NEXT50IETF.BO
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- ICICI Prudential Nifty Next 50 ETF (NEXT50IETF.BO) is an open-ended exchange-traded fund that seeks to replicate the composition of the Nifty Next 50 Total Return Index, providing returns before expenses that closely correspond to the index's performance, subject to tracking error. The ETF invests primarily in the constituent securities of the Nifty Next 50 Index in substantially the same weightage as the index, including derivatives, debt, and money market instruments for cash management and liquidity; its portfolio features top holdings such as Vedanta Ltd (3.86%), Hindustan Aeronautics Ltd (3.73%), TVS Motor Co Ltd (3.59%), Divi's Laboratories Ltd (3.56%), and Cholamandalam Investment and Finance Co Ltd (3.17%), with sector allocations led by financials (20.21%), basic materials (12.86%), utilities (12.64%), consumer defensive (12.21%), and consumer cyclical (11.45%). Launched on August 23, 2018, and listed on the National Stock Exchange (NSE) on August 30, 2018, the ETF is managed by ICICI Prudential Asset Management Company Ltd, a joint venture between ICICI Bank (51% stake) and Prudential Plc (49%), headquartered in Mumbai, India, with operations focused on the Indian equity market for institutional and retail investors seeking mid-cap exposure beyond the Nifty 50. As of December 2025, the ETF maintains assets under management (AUM) of approximately ₹1,936 crore, an expense ratio of 0.10%, and a low tracking error of 0.05%, with a minimum investment of ₹5,000 and no exit load. Recent developments include steady AUM growth amid market volatility, with the ETF delivering 1-year returns of -5.39%, 3-year returns of 16.79%, and 5-year returns of 17.26% as of late 2025; concurrently, its sponsor ICICI Prudential AMC launched an international branch at GIFT City to attract global capital and is pursuing a ₹10,600 crore initial public offering (IPO) via offer for sale in December 2025, with Prudential diluting its stake to 39% post-listing after pre-IPO sales to ICICI Bank and investors like Abu Dhabi Investment Authority.