The Aditya Birla Sun Life Nifty Bank ETF, managed by Aditya Birla Sun Life Asset Management Company Limited, aims to mirror the returns of the Nifty Bank Index through a passive investment strategy.

This open-ended ETF employs a tracking approach to closely follow the Nifty Bank TRI benchmark, with a minimal tracking error of 0.02%, enhancing its replication efficiency.

The portfolio is heavily concentrated in the banking sector, with top holdings such as HDFC Bank at 28.5% and ICICI Bank at 24.4%, indicating significant concentration risk.

Over the past year, the ETF has delivered an impressive return of 16.3%, with a consistent CAGR of 12.0% over three years, reflecting strong performance amidst market fluctuations.

With a fund size of ₹2641.5 Cr and a low expense ratio of 0.14%, this ETF offers efficient access to the banking sector, managed by Ms. Priya Sridhar since Dec 2024.