ICICI Prudential Nifty Oil & Gas ETF
An analysis of performance, composition, and historical data
Overview of the Nifty Oil & Gas Index
The purpose of the Nifty Oil & Gas Index is to represent the conduct and output of businesses in the oil, gas, and petroleum sector. It includes up to 15 exchange-listed, tradable entities.
The index is calculated using a free-float market capitalization technique. The index level represents the total free-float market value of all constituents in relation to a base market-capitalization value. It can be used to establish index funds, exchange-traded funds (ETFs), and benchmark fund portfolios.
Portfolio Characteristics
| Launch Date | April 1, 2005 |
| Base Date | January 15, 2020 |
| Base Value | 1,000 |
| Number of Constituents | 15 |
| Calculation Frequency | Real-Time |
| Methodology | Free-Float Market Capitalisation |
| Index Rebalancing | Semi-Annual (Jan 31 and Jul 31) |
Performance & Risk
CAGR Returns
| Period | Return (%) |
|---|
Performance & Risk Statistics
Price Return Index unless otherwise noted. Returns over one year are CAGR returns.
| Metric | QTD | YTD | 1 Year | 3 Years | 5 Years |
|---|
Fundamentals & Composition
Key Fundamentals
Top Constituents by Weight
| Company | Weight (%) |
|---|
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Frequently Asked Questions (FAQs)
What is Nifty Oil & Gas ETF?
Nifty Oil and Gas ETF is an index tracking exchange-traded fund that replicates performance of Nifty Oil and Gas Total Returns Index. It offers exposure to Indian oil, gas and petroleum markets to the investors through one tradeable unit.
What is the best way to invest in this ETF?
Trading in the ETF can be done in NSE and BSE wherein buying and selling of units are done in the same way as regular listed stocks. Just whip up an order buy or sell via your brokers or any trading software within market hours.
Which are the major expense ratios and costs?
The aggregate cost of the ETF is 0.40% annualized. You will be able to trade without an entry load or exit load, however, you will have to pay standard brokerage charges and the payable securities transaction tax (STT) on the trading.
What is the force behind the ETF and how frequently will it be rebalanced?
ICICI Prudential Asset Management Company manages the ETF. The existing index is reconstituted and rebalanced twice yearly (January 31 and July 31), and the announcements are done four weeks before the rebalance.
Which are the best holdings of ETF?
- Reliance Industries Ltd. (33.80%)
- Oil and Natural Gas Corporation Ltd. (14.48%)
- Bharat Petroleum Corporation Ltd. (9.61%)
- Indian Oil Corporation Ltd. (8.26%)
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