### ICICI Prudential Nifty Auto Index Fund: Your Investment Guide for the Auto Sector

Choosing the right mutual fund can be a pivotal step in wealth creation and meeting your financial aspirations. If your investment focus is the auto sector, the ICICI Prudential Nifty Auto Index Fund stands out as a viable option.

This fund operates as an Other Equity Index scheme under the umbrella of ICICI Prudential Mutual Fund. Since its inception on September 22, 2022, it has gained traction over the past 1 year and 8 months. By March 31, 2024, the fund managed assets totalling ₹103 Crores, positioning it solidly as a mid-tier fund with commendable performance metrics in its class.

In terms of returns, the fund has excelled by delivering remarkable gains. Over the previous year, it has clocked a return rate of 75.63%, surpassing the average for its category. Its launch-to-date performance records an impressive average annual return of 53.36%, indicating robust and stable outcomes.

The investment strategy of the ICICI Prudential Nifty Auto Index Fund centers around companies constituting the Nifty Auto Index. By mirroring the index's composition and weightage, the fund aims to replicate its returns, providing investors with exposure to the growth trajectory of the auto sector.

The fund boasts a broadly diversified investment portfolio, predominantly targeting the automobile and capital goods sectors. Key holdings include industry giants like Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd., Tata Motors Ltd., Bajaj Auto Ltd., and Hero Motocorp Ltd. These companies are well-established leaders in the auto industry, renowned for their solid performance.

For investors looking to tap into the upward momentum of the auto sector, ICICI Prudential Nifty Auto Index Fund emerges as a prudent choice. Its reliable returns, diversified portfolio, and alignment with the Nifty Auto Index suggest it as a strategic option for long-term wealth accumulation.

That said, potential investors must remember that mutual funds carry market risks. A thorough evaluation of all scheme-related documents and an assessment of personal risk tolerance are critical prior to investing. Historical returns are not predictive of future performance.

Disclaimer: The information presented is solely for informational purposes and should not be considered as financial advice. We recommend consulting a certified financial advisor for investment guidance.