The Bajaj Finserv Nifty Bank ETF, managed by Bajaj Finserv Asset Management Limited, aims to replicate the Nifty Bank Index's performance, adopting a passive investment strategy within an open-ended scheme.

This fund employs a tracking approach aligned with the Nifty Bank TRI benchmark, although tracking errors can occur, indicating potential deviations from the index performance.

The portfolio is heavily concentrated in the banking sector, with HDFC Bank and ICICI Bank comprising over half of the total holdings, posing risks associated with high concentration in a single industry.

In the past year, the fund has delivered a return of +1.8%, reflecting its alignment with the underlying index, while the expense ratio stands at a competitive 0.13%, enhancing cost efficiency.

Managed by Mr. Ilesh Savla since January 2024, the fund has a total AUM of ₹334.1 Cr, offering good liquidity and access through major exchanges, though specific tracking error data is unavailable.