ICICI Pru Nifty EV & New Age Automotive ETF FOF(IDCW)
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Business Overview
ICICI Pru Nifty EV & New Age Automotive ETF FOF (IDCW) is a focused fund designed for investors looking to capitalize on the growth of electric vehicles and innovative automotive technologies in India. This fund offers exposure to a diversified portfolio of leading companies in the EV sector, making it ideal for those seeking long-term capital appreciation. As the automotive landscape evolves, this ETF positions investors to benefit from transformative trends in sustainability and technology.
- Focus on electric vehicles and new-age automotive technologies
- Diversified portfolio of leading companies in the sector
- Ideal for long-term investors seeking capital appreciation
- Aligns with India's push towards sustainable mobility
- Managed by a trusted financial institution, ICICI Prudential
Investment Thesis
ICICI Pru Nifty EV & New Age Automotive ETF FOF offers a compelling investment opportunity backed by a strong promoter group, robust growth in digital services, and attractive valuations compared to peers. This ETF positions investors to capitalize on the burgeoning electric vehicle market and new-age automotive innovations.
- Strong backing from ICICI Group, ensuring credibility and trust.
- Significant growth potential in the digital services sector supporting EV adoption.
- Attractive valuation metrics compared to other ETFs in the automotive space.
- Focus on sustainable and innovative automotive technologies.
- Diversified exposure to leading companies in the EV and automotive sectors.
Opportunity vs Risk
- Growing EV market in India
- Government incentives for electric vehicles
- Rising consumer demand for sustainable transport
- Diversified exposure to new age companies
- Volatility in automotive sector
- Regulatory changes affecting EV policies
- Competition from established automakers
- Market sentiment towards new technologies
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10BusinessHighThe sector is future-ready with a clear focus on electric vehicles, but competition is intense.
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10GrowthHighRevenue growth is consistent, but profit margins are under pressure due to high competition.
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8ProfitabilityHighROE and ROCE are decent, but OCF is fluctuating.
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10ValuationHighValuation metrics are in line with peers, but not particularly attractive.
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7BalanceHighDebt levels are manageable, but liquidity could be improved.
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6GovernanceGoodPromoter holding is stable, but there are concerns about transparency.
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5DriversGoodGrowth drivers exist, but execution risks are significant.
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5TechnicalsGoodMarket sentiment is neutral with low liquidity.