ICICI Prudential Nifty PSU Bank ETF

ICICI Prudential Nifty PSU Bank ETF is a type of exchange-traded fund (ETF) designed to offer investors exposure to India's public sector banking sector. The primary function of this ETF is to track the performance of the Nifty PSU Bank Index, which comprises stocks of state-owned banks listed in India. This asset plays a crucial role for investors looking to align their portfolios with India's government-controlled financial institutions, reflecting an important segment of the country's economy. By focusing on a specific index, this ETF provides a diversified investment in multiple bank stocks within this sector, without requiring investors to purchase individual securities. Due to its sector-specific focus, it significantly impacts the financial and public-sector industries, offering insights into the functioning and health of India's banking ecosystem. As a part of the ICICI Prudential Mutual Fund's offerings, it serves as a prominent instrument for market participants interested in passive fund management and sector-focused investment strategies.