ICICI Prudential Nifty 100 ETF (NIF100IETF.BO) is an exchange-traded fund that seeks to replicate the total returns of the Nifty 100 Index before expenses, subject to tracking errors, by investing in the constituent stocks of the index in the same proportion as their weightings. Issued and managed by ICICI Prudential Asset Management Company Limited, a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, the ETF provides passive exposure to large-cap and mid-cap Indian equities across diversified sectors including financial services, information technology, consumer goods, energy, and telecommunications; its portfolio mirrors the benchmark's composition with top holdings such as HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, and Bharti Airtel Ltd. Launched on August 20, 2013, and listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the fund has assets under management of approximately ₹156 crore as of December 2025 and follows a physical replication method with a low expense ratio of 0.48%.
ICICI Prudential Asset Management Company Limited, founded in 1993 and headquartered at ICICI Prudential Mutual Fund Tower in Vakola, Mumbai, India, operates primarily in the Indian asset management industry, serving retail and institutional investors seeking equity index exposure through exchange-traded products. The company manages a broad range of mutual funds, exchange-traded funds, and portfolio management services across domestic and offshore markets, with geographic focus on India.
In recent developments, ICICI Prudential Asset Management Company Limited received approval from the Competition Commission of India in November 2025 for the acquisition of certain businesses from ICICI Venture Funds Management Company Limited, enhancing its alternative investment capabilities. Additionally, the company completed the merger of ICICI Prudential CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund into ICICI Prudential Corporate Bond Fund, effective November 14, 2025, as part of portfolio consolidation efforts. These strategic moves align with ongoing expansions in fund offerings and operational efficiencies within the Indian mutual fund sector.