The Baroda BNP Paribas Nifty Bank ETF, managed by Baroda BNP Paribas Asset Management India, aims to closely replicate the Nifty Bank Total Returns Index, focusing on passive investment strategies.

This ETF utilizes a tracking approach to mirror the Nifty Bank TRI, with a low tracking error of 0.09%, ensuring minimal deviation from its benchmark returns.

Portfolio concentration is evident with substantial allocations to top banks; HDFC Bank and ICICI Bank dominate at 28.2% and 24.5%, respectively, highlighting sector-specific risks.

In the past year, the fund has delivered a robust return of 15.1%, reflecting strong performance amidst favorable market conditions, although longer-term data is unavailable.

With an expense ratio of just 0.09% and a fund size of ₹3.5 Cr, the ETF remains accessible, managed by Mr. Neeraj Saxena, who brings over 20 years of experience.