The Axis Banking ETF, managed by Axis Asset Management Company Limited, is an open-ended scheme focused on sector-specific investments, aiming to replicate the NIFTY Bank TRI's total returns.

This ETF employs a strategy that closely tracks the NIFTY Bank TRI, with a minimal tracking error of 0.04%, ensuring efficient replication of the benchmark's performance.

The portfolio is heavily concentrated in the financial services sector, with top holdings including HDFC Bank at 28.57% and ICICI Bank at 26.01%, indicating potential concentration risk.

Performance metrics reveal a 1-year change of +1.7% and a robust 3-year CAGR of 12.9%, showcasing its consistent performance relative to the banking sector.

With an AUM of ₹351.57 Cr and managed by Mr. Karthik Kumar since August 2023, the fund's operational efficiency is underscored by its focused investment strategy and liquidity profile.