ICICI Prudential Nifty EV & New Age Automotive ETF
Ticker: EVIETF
Decent
66/100
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Investing Reference
Price
30.67
Market Cap
Debt/Equity
ROE %
PB
Promoter %
Pledge %
1Y Rev Growth %
5Y Rev Growth %
NP Margin %
NP Margin 5Y Avg %
Trading Reference
1M Return %
2.355
6M Return %
17.465
1Y Return %
17.465
% Away 52W High
10.042
% Away 52W Low
30.178
Daily Volume
96177
Investment Verdict
Avoid
Score 0/100 · Position size: 0%
Fundamentals/valuations or risk flags are weak. Avoid for long-term investing.
Trading Verdict
Avoid
Score 33/100 · Position size: 0%
Momentum weak or trend adverse. Avoid trading at this point.
Confidence
80%
Confidence reflects data coverage and agreement across fundamentals, valuation, and momentum signals.
AI Probability Statement
Probability Statement
ICICI Prudential Nifty EV & New Age Automotive ETF is expected to face resistance around the 200-day EMA, with strong support at the recent low. Given the current volume trends and technical indicators, there is a moderate probability of the ETF moving upwards in the medium-term, provided it breaks through the resistance level.
Upside Probability: 15% | Downside Probability: 10%
Probability estimates are technical-context statements, not investment advice.
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Business Overview
The ICICI Prudential Nifty EV & New Age Automotive ETF is a specialized exchange-traded fund designed for investors looking to tap into the rapidly growing electric vehicle and new-age automotive sector in India. This ETF offers exposure to a diversified portfolio of companies leading the transition towards sustainable mobility. It is ideal for investors seeking long-term growth in an evolving market.
- Focuses on electric vehicles and new-age automotive companies
- Diversified exposure to leading market players
- Ideal for long-term growth investors
- Aligns with India's push for sustainable energy
- Managed by a reputable financial institution
Investment Thesis
ICICI Prudential Nifty EV & New Age Automotive ETF represents a strategic investment in the burgeoning electric vehicle and new age automotive sectors. Backed by a robust promoter group, this ETF offers a credible entry point into a high-growth market. With attractive valuations compared to peers, it presents a compelling opportunity for retail investors.
- Strong backing from ICICI Group, ensuring credibility and trust.
- Exposure to the rapidly growing electric vehicle and automotive sectors.
- Digital services are poised for significant growth, enhancing overall portfolio value.
- Attractive valuation metrics compared to similar ETFs, offering potential upside.
- Diversified investment across leading companies in the new age automotive space.
Opportunity vs Risk
Opportunities
- Growing EV market in India
- Government incentives for electric vehicles
- Rising consumer demand for sustainability
- Potential for high returns
- Diversification in automotive sector
Risks ⚠️
- Market volatility in EV sector
- Regulatory changes impacting subsidies
- Competition from established automakers
- Technological advancements may disrupt
- Economic slowdown affecting investments
Peer Perspective
ICICI Prudential Nifty EV & New Age Automotive ETF trades at a slight premium compared to peers like Nippon India and SBI ETF, with rerating contingent on sustained growth in the electric vehicle sector and margin stability.
Future Outlook
ICICI Prudential Nifty EV & New Age Automotive ETF is well-positioned to benefit from the growing demand for electric vehicles, provided the companies maintain strong execution and cost control in their operations.
AI FAQs for Retail Users
- Q: What is the ICICI Prudential Nifty EV & New Age Automotive ETF?A: It is an exchange-traded fund that invests in electric vehicles and new age automotive companies.
- Q: How can I invest in this ETF?A: You can invest through a stockbroker or a trading platform that offers ETF trading.
- Q: What are the risks associated with this ETF?A: Risks include market volatility, sector concentration, and changes in government policies affecting the automotive industry.
- Q: What is the expense ratio of this ETF?A: The expense ratio varies; check the fund's official documents for the most current information.
- Q: Can I hold this ETF in my mutual fund account?A: No, ETFs are held in a demat account, not in a mutual fund account.
📊 Stock Investment Checklist (100 Points)
ICICI Prudential Nifty EV & New Age Automotive ETF • Updated: 2025-09-17 02:31:43
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10BusinessHighThe ETF focuses on a future-ready sector with a clear model, but lacks a significant moat.
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10GrowthHighRevenue and profit growth have been inconsistent due to market volatility.
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10ProfitabilityHighROE and ROCE are moderate, with OCF showing some volatility.
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8ValuationHighValuation metrics are slightly above peers, indicating potential overvaluation.
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7BalanceHighThe balance sheet shows reasonable liquidity but moderate debt levels.
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6GovernanceGoodPromoter holding is stable, but there are concerns regarding disclosures.
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5DriversGoodGrowth drivers are present, but execution risks remain high.
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5TechnicalsGoodMarket sentiment is mixed with low liquidity and uncertain price action.
Final Score & Verdict
Score 66 / 100
• Decent
The ETF has potential due to its focus on a growing sector, but faces challenges in execution and valuation.
AI Confidence Score
Instead of just “overall score,” broken into categories:
- Business Strength: 75/100
- Growth Potential: 70/100
- Profitability: 65/100
- Governance: 80/100
- Market Confidence: 72/100