The Baroda BNP Paribas Nifty Bank ETF, managed by Baroda BNP Paribas Asset Management, aims to replicate the total returns of the Nifty Bank TRI, offering a market cap weighted investment approach.

This open-ended scheme seeks to closely track the Nifty Bank Total Returns Index, with a minimal tracking error of 0.09%, ensuring efficient replication of the benchmark's performance.

The fund's portfolio is heavily concentrated in the banking sector, with top holdings including HDFC Bank (28.6%) and ICICI Bank (25.9%), reflecting a focused investment strategy within the financial industry.

Over the past year, the ETF has shown a positive change of 1.03%, demonstrating resilience in performance despite market fluctuations, although long-term CAGR data is not available.

With a modest expense ratio of 0.09% and an AUM of ₹3.17 Cr as of August 2025, the fund remains accessible for investors seeking exposure to the Indian banking sector.