The Edelweiss Nifty Bank ETF, managed by Edelweiss Asset Management Limited, aims to replicate the total returns of the Nifty Bank Total Return Index, operating as an open-ended scheme.

Utilizing a market cap weighted strategy, the fund tracks the Nifty Bank Total Return Index with a minimal tracking error of 0.06%, ensuring efficient replication of benchmark performance.

The portfolio is heavily concentrated in financial services, with top holdings including HDFC Bank Ltd. at 28.5% and ICICI Bank Ltd. at 26.0%, indicating potential concentration risks.

In the past year, the ETF has delivered a commendable return of 15.4%, reflecting strong performance in the banking sector amid favorable market conditions.

With an expense ratio of just 0.1% and a fund size of ₹4.54 Cr as of Aug 2025, the ETF remains accessible and cost-effective for investors seeking exposure to the banking sector.