ICICI Pru Nifty EV & New Age Automotive ETF FOF(IDCW)

Ticker: mf17758
Decent 56/100

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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

Opportunities
  • Growing EV market in India
  • Government incentives for electric vehicles
  • Rising consumer demand for sustainable transport
  • Diversified exposure to new age companies
Risks ⚠️
  • Volatility in automotive sector
  • Regulatory changes affecting EV policies
  • Competition from established automakers
  • Market sentiment towards new technologies
📊 Stock Investment Checklist (100 Points)
ICICI Pru Nifty EV & New Age Automotive ETF FOF(IDCW) • Updated: 2025-10-01 03:19:21
  • 10
    Business
    High
    The sector is future-ready with a clear focus on electric vehicles, but competition is intense.
  • 10
    Growth
    High
    Revenue growth is consistent, but profit margins are under pressure due to high competition.
  • 8
    Profitability
    High
    ROE and ROCE are decent, but OCF is fluctuating.
  • 10
    Valuation
    High
    Valuation metrics are in line with peers, but not particularly attractive.
  • 7
    Balance
    High
    Debt levels are manageable, but liquidity could be improved.
  • 6
    Governance
    Good
    Promoter holding is stable, but there are concerns about transparency.
  • 5
    Drivers
    Good
    Growth drivers exist, but execution risks are significant.
  • 5
    Technicals
    Good
    Market sentiment is neutral with low liquidity.
Final Score & Verdict
Score 56 / 100 • Decent
The ETF has potential in a growing sector but faces challenges in profitability and execution risks.