Edelweiss Nifty Bank ETF

The Edelweiss Nifty Bank ETF, managed by Edelweiss Asset Management Limited, aims to replicate the total returns of the Nifty Bank Total Return Index with a market cap weighted approach.

This open-ended fund utilizes a tracking strategy focused on minimizing tracking error, with a low expense ratio of 0.1%, enhancing its appeal to cost-sensitive investors.

The portfolio is heavily concentrated in the financial services sector, with top holdings including HDFC Bank Ltd. and ICICI Bank Ltd., which together comprise over 54% of total assets.

Performance over the past year shows a decline of -30.9%, indicating significant volatility, while the tracking error remains low at 0.06%, suggesting effective benchmark alignment.

With a fund size of ₹4.54 Cr and managed by Bhavesh Jain since September 2024, this ETF offers liquidity and efficient access through major exchanges, enhancing investor flexibility.