The Bajaj Finserv Nifty Bank ETF, managed by Bajaj Finserv Asset Management Limited, is an open-ended passive fund aiming to replicate the Nifty Bank Index's performance, subject to tracking errors.

With a focus on the banking sector, the ETF's portfolio is heavily concentrated, featuring top holdings such as HDFC Bank (28.6%) and ICICI Bank (26%), indicating significant sector risk.

In the past year, the fund has delivered a robust return of 16.1%, reflecting its alignment with the Nifty Bank TRI benchmark, although tracking error data is not provided.

The fund's size stands at ₹334.1 Cr, with a low expense ratio of 0.13%, highlighting efficient cost management while maintaining a predominantly equity-focused allocation of 99.79%.

Mr. Ilesh Savla, with 25 years of experience, has been managing this fund since January 2024, ensuring seasoned oversight in navigating the banking sector's dynamics.